Bitcoin’s price will continue trading in a tight range between $6,000 and $10,000 until the rest of the year, believes popular BTC analyst Tone Vays. He also thinks that short-term breaches above $10k are insufficient since the asset heads back down almost immediately. BTC Between $6k And 10K The price of the primary cryptocurrency has...Read More
Recent data revealed that the number of positive Bitcoin mentions on the popular social media platform Twitter has dropped significantly since the halving in May. At the same time, the fear and greed index has downgraded from its neutral stance in May to a more fearful state in June. Twitter BTC Positivity Drops According to...Read More
This weekend was rather exciting for Bitcoin’s price as it finally made a decision and broke out of a rather tight trading range. Unfortunately, it was to the downside, and BTC touched $8,816 on Binance Futures yesterday. Most of the large-cap cryptocurrencies followed Bitcoin but are now recovering while BTC continues to fight for the...Read More
So far, this weekend hadn’t been the best for the price of Bitcoin. The primary cryptocurrency recorded its lowest level over the last 30 days. Trading for $9800 just six days ago, Bitcoin dropped as of yesterday to nearly $8800 on most leading exchanges. The Good and The Bad News As of writing these lines,...Read More
The crypto investors suffer from hard days recently, as the primary cryptocurrency tumbled approximately $1000 over the past five days. After a long battle to maintain the $9K mark, Bitcoin finally lost, and immediately plunged to $8816 on Binance Futures exchange, which is the current daily low, as of writing these lines. Aside from a...Read More
The CEO of SchiffGold, Peter Schiff, responded to claims by RT news host Max Keiser that he would end up panic-buying Bitcoin when its price hits $50,000. Schiff suggested Bitcoin’s dollar value would drop as low as zero – although implied Keiser might consider selling at $2,000. Shortly afterward, Bitcoin developer and Blockstream CEO, Adam...Read More
Popular cryptocurrency YouTuber recently posted a chart illustrating that if Bitcoin repeats its previous significant bull run from 2017, its price could exceed $300,000 by the end of 2021. Interestingly, this highly optimistic prediction corresponds with the well-known BTC stock-to-flow model. BTC To Over $300,000? Bitcoin price predictions are among the most commonly discussed threads...Read More
Only five days ago, the price of Bitcoin touched $9800, followed by another failure to break up the critical descending trend-line (marked yellow on the following daily chart). Since then, the primary cryptocurrency had been correlating with the plunging global markets, and as of writing these lines, Bitcoin is trading slightly above $9000. The Micro...Read More
The last seven days weren’t so fruitful for Bitcoin. After trading in a relatively narrow range for a while before that, the BTC price gradually increased to about $9,700 on Wednesday. On the same day, however, the price tumbled during the same day and started declining. Immediately after that, Bitcoin retraced to about $9,000 before...Read More
A quick recap: over the past week, we mentioned the dull static price action of Bitcoin between the tight range of $9200 to $9500, forming a 30-days long symmetrical triangle. As we anticipated a breakout of the triangle – that will be followed by a massive price move – yesterday it did happen. Bitcoin price...Read More
Well-known American investor and financial commentator Jim Rogers still believes that Bitcoin is largely overvalued, and its price will eventually plunge to zero. He argued that virtual currencies are just gambling, and the volatility behind the market will play a significant role in destroying it. Jim Rogers: Bitcoin Is Heading To Zero In a recent...Read More
Over the past two days, Bitcoin (BTC) price maintained the same $9200 – $9500 trading area that followed its price action for quite some time. Bitcoin is known for its volatility and does not tend to stay at one place for long, or trade at a tight range of 3-4% for days already. As we...Read More
The past 24 hours saw Bitcoin losing an important support level at $9,400. At the same time, the entire market continues to slowly bleed out, as it has been doing for the past few days. Bitcoin Price Below $9,400 As CryptoPotato reported yesterday, Bitcoin continues to trade within a range between $9,200 and $9,500 for...Read More
According to a popular metric, Bitcoin has dropped back in a “buy zone.” Historically, it has been an attractive point for investors to accumulate as a price surge has followed on most occasions. Bitcoin’s PM Indicator Drops To 0.5 The Puell Multiple is a metric calculated by dividing the daily issuance value of bitcoins in...Read More
Over the past days, Bitcoin price was mainly trading around the $9400 mark, following the MA-50 pink line of both the attached 4-hour chart and the daily. This dull sideways action had started a week ago, and despite a little glitch below $9200, we can say that the trading range had been $9200 – $9500,...Read More
Quick recap: Bitcoin was trading inside a tight range over the weekend. Once the Monday’s Wall Street futures started trading on Sunday afternoon (U.S timezone) – Bitcoin price followed along. The futures forecasted a 2-3% significant declines. At that time, Bitcoin was fighting to stay on top of the $8900 – $9000 crucial support range,...Read More
After dull weekend action, and as we anticipated here yesterday, Bitcoin price waited for the Wall Street Monday futures forecasts in order to execute its next move. In our yesterday’s price analysis, we spoke about the tightening range Bitcoin was going through: “The upper boundary lies around $9500, while the bottom lies at $9350. A...Read More
Quick recap: Last Thursday saw another failed attempt to break the $10,000 mark. Shortly after, followed by the fatal drops of the global markets, Bitcoin found its value recording a daily low near $9K, almost $1000 intraday price move. This is not what the Bitcoin bulls prayed for: Together with the drop, was the idea...Read More
Recent data indicates that the number of Bitcoin whales (containing more than 1,000 BTC) has grown by nearly 9% in the past year. Interestingly, even after the completion of the third halving, whales continue to accumulate, which contradicts with their past performance. BTC Whales On A Shopping Spree Data provided by the monitoring company Glassnode...Read More
Bitcoin Bitcoin saw a 3% decrease over the last week of trading as it drops into the $9,445 level. The coin started the week battling the $9,815 level as it proceeded higher to reach $10,000. Unfortunately, BTC was unable to capitalize above $10,000 and dropped by a steep 7% yesterday. Luckily, it found support at...Read More
Yesterday was a painful day for both cryptocurrency and stock investors as the prices tumbled in a similar manner. As CryptoPotato reported, the Dow Jones, S&P 500, and Nasdaq 100 lost sizeable chunks of their value of around 5%, and so did Bitcoin. This invalidated the narrative for the decoupling of crypto from traditional stock...Read More
Recap of June 11, 2020: Bitcoin price touched nearly $10K as the daily high, and just a few hours later, the price plunged to almost $9K ($9078 on Bitstamp) as the daily low. In our previous price analysis reports from the past days, we anticipated a huge move. This is from yesterday’s analysis: “Bitcoin’s mid-term...Read More
Global stock markets are tumbling today as fears of a second coronavirus (COVID-19) wave grow stronger. Reports have it that there’s a rising trend of new cases in the US and across the world, and this has evidently taken its toll on the economy as well. Equities Tumble Amid Fears of Coronavirus Reignition The World...Read More
Quick recap: since May 7, 2020, which was a few days before the recent halving event, Bitcoin had been trying to breach the $10,000 benchmark level for several times. All of those ended up as failed attempts. The most serious attempt took place during the first day of June, as Bitcoin surged to the 2020...Read More
Over the past days, while the equity markets are breaking records, Bitcoin is lagging. The indecisive state of mind the cryptocurrency is going through continues into this week. As can be seen in the following daily chart, the Bitcoin price is forming a symmetrical triangle (the two blue trend-lines), reaching the apex in 2-3 days...Read More
Yesterday, Bitcoin closed another weekly candle – the first week of June. During the past week, the price had gone through extreme volatility ($9100 – $10,500); however, there is good and bad news following the weekly close. The good news is that the weekly candle ended green while holding the long-term support at the ascending...Read More
The most widely used US-based cryptocurrency exchange Coinbase went down during Bitcoin’s latest surge above the $10,000 mark. After a few days of discontent from the community, the company recently published a statement claiming that the unusually high traffic prompted technical difficulties. Traffic Brings Down Coinbase As CryptoPotato reported recently, the US-based exchange went offline...Read More
According to an analysis by the popular blockchain data company Glassnode, Bitcoin miners are selling a lot less at the current price rate. While this might look like a positive sign at a glance, it might also suggest that the current rate simply doesn’t satisfy their profitability criteria. Bitcoin Miners Selling Less Data from the...Read More
June started very violently for Bitcoin. On the first day of the month of June, the primary cryptocurrency recorded a 3-month high after touching the $10,500 resistance mark. However, the drop was even quicker, as Bitcoin price saw a free-fall to $9135 on Bitstamp, and even lower on BitMEX exchange. Over the past days, the...Read More
Bitcoin Bitcoin may have only seen a small 2.5% price surge over the last week of trading, but it was action-packed. On Monday, it surged from $9,426 and managed to rise as high as $10,430 to re-test the 2020 high. Unfortunately, it was unable to keep itself above $10,000 and dropped lower during the week...Read More
