The past days were promising for Bitcoin: After finally succeeding in breaking the $6800 resistance mark, Bitcoin price had seen a decent run of $400 to the reach $7236 as the highest price since the March 12 collapse. As mentioned in our previous price analysis, while Bitcoin was trading around $6700: “we already identify bullish...Read More
Bitcoin Bitcoin managed to increase by around 8% over the past 7-days of trading as the cryptocurrency climbed above crucial resistance at $6,800 today. Bitcoin had actually been trading within an ascending triangle and bounced from the lower boundary of this pattern 5-days ago, which allowed it to break above the upper boundary at $6,800....Read More
With the start of April, Bitcoin is entering its best performing quarter of the year. History shows in five out of the last six Q2s, the primary digital asset has been well in the green. This year’s Q2 marked a 10% increase in a few days as well, and the community wonders if another positive...Read More
The coronavirus continues to spread like wildfire, with almost a million people infected throughout the entire world. Gold and Bitcoin, however, are performing particularly well during the last two days. Their steady performance also comes in times when Wall Street crashes, summarizing a terrible first quarter, and thousands of people are losing their jobs. Gold,...Read More
Yesterday we analyzed the current situation of BTC’s price. On the 4-hour chart, the symmetrical triangle pattern was about to break-down once reaching the lower ascending trend-line. However, Bitcoin held the support line nicely and since then, surged $600 in just a few hours. The triangle formation indeed broke-out but in favor of the bulls....Read More
Over the past two days, we saw Bitcoin losing momentum following the global markets. After reaching the $6600 resistance, Bitcoin price failed to break the symmetrical triangle as can be seen on the following 4-hour chart. From there, Bitcoin found temporary support upon the $6400 boundary, before continuing the 3-day plunge to the lower angle...Read More
The last few days were quite turbulent for Bitcoin and the entire cryptocurrency market. BTC went to retest the support at $5,800, losing $800 of its dollar value in the process. However, it has since bounced, and it’s currently trading at another important support level at $6,300. BTC/USD. Source: TradingView This weekend saw $5,850 as...Read More
Bitcoin price had a wild weekend: After losing the $6,000 support, Bitcoin plunged onto the next mentioned support level, and since then, saw a decent come-back to the price area the plunge started from. To conclude this, it was a wild ride going back to the same destination. Following our most recent price analysis, we...Read More
Bitcoin’s price might reach $350,000 in the years to come, according to a recent report compiled by the popular U.S. cryptocurrency exchange, Kraken. It indicated that Millennials will soon inherit trillions of dollars, which the younger generation could invest in Bitcoin, as they are more tech-oriented. The Great Wealth Transfer The paper estimated that more...Read More
After three days of dull price action inside a $200 range ($6600 – $6800), Bitcoin saw a huge plunge back to the $6000 area, more than 10% were lost in a matter of hours. If you followed us here, we mentioned reasons why Bitcoin was looking more bearish than bullish, and we also stated that...Read More
Bitcoin Bitcoin price increased by a total of around 10% this week as it blew past the $6,000 level to reach the resistance at $6,800. It did manage to spike as high as $7,000 but has failed to break above $6,800 for the past 4-days of trading and recently rolled over to reach $6,640. From...Read More
Bitcoin’s network went through one of its biggest difficulty adjustments just recently. While this had a quick and expected impact on the network, everything is back on track with blocks being produced on schedule. However, interesting performance data reveals that the price tends to increase following extreme difficulty adjustments, such as the one that was...Read More
A significant number of Bitcoin investors transferred extensive quantities of their holdings to exchanges during the most notable price slumps in mid-March. Ultimately, most of their panic sales were at a loss, according to the Spent Output Profit Ratio (SOPR) indicator. Bitcoin Investors Rush To Sell In Panic The popular cryptocurrency monitoring resource, TokenAnalyst, studied...Read More
As Bitcoin continues to struggle to maintain the $6,000 price area, the formation of another technical pattern is raising some concerns. The cryptocurrency charted a Death Cross, which is something that should be taken into consideration, of course, as long as you follow technical analysis. The Third Death Cross Since 2018 Incoming First things first,...Read More
Over the past day, we saw the Bitcoin price trading inside the tight range between $6600 and $6800. A few hours ago, Bitcoin finally seemed to break successfully to the upside touching $7000; however, the primary cryptocurrency got rejected very quickly, plunging $400 immediately back inside the described trading range. Over the past weeks, we...Read More
Two days ago, while Bitcoin was consolidating around the $6000 level, we had anticipated a huge price move coming up. Looking at the following 4-hour chart, we can see that Bitcoin had found support upon the mentioned 4-hour MA-50 line (~$5700, marked pink), and following another Fed’s announcement, broke above the short-term descending trend-line. In...Read More
Bitcoin is yet to reach its yearly bottom, at least according to a recent Twitter poll. Despite surging with 80% since the March 13th low of $3,700, the majority still anticipate new price declines in BTC’s future. Pessimism Across The Community March 2020 has been quite volatile for Bitcoin and the whole cryptocurrency market. The...Read More
The US Federal Reserve announced a new set of measures to help the market in the current ongoing crisis. Among these moves is an open-ended commitment to keep buying assets under the quantitative easing measures. The markets responded with an uproar, and Bitcoin followed, charting a quick 13% increase before retracing to its current levels....Read More
Over the past three days, we saw Bitcoin breaking above the $6,000 milestone, and even succeeding in breaking the next significant resistance at $6400 for a few hours, including toping above $7K on some exchanges. However, Bitcoin got quickly rejected and retraced back to the $6K range, yes, the same price range from the second...Read More
Bitcoin Bitcoin witnessed a 22% price increase over the past seven days as it bounced from the $5,000 level and climbed back above $6,000 to reach the current price of $6,500. It had found strong support at $4,800 during the March market crash and traded sideways between here and $6,000 for the past week until...Read More
Is this the day we had been waiting for? Bitcoin completed an 18% price surge over the past 24 hours. But not just that. Yesterday, we mentioned that despite the massive crash in the global markets, Bitcoin’s showing stability above the $5,000 price mark. That stability of yesterday, was the first time after weeks, that...Read More
Quick recap: for the past few weeks, Bitcoin had been following the crashing global markets. While the S&P 500 and Nasdaq lost more than 30% over the past month, Bitcoin followed them but with a little bit of leverage. The primary cryptocurrency is now trading at a 50% discount from the highs of mid-February, when...Read More
Last week’s massive Bitcoin sell-off that drove its price to below $4,000 came from short-term holders, new data shows. Long-term holders, on the other hand, are not moving or selling their BTC assets, at least for now. New Players Sold Their BTC March 12th-13th this year later became known as one of the worst trading...Read More
Following the coronavirus health crisis, the global stock markets collapsing one after another. Despite the Fed’s emergency steps, the markets continue to tumble. The EU markets are recording over 10% declines, while Wall Street is reaching the low level of December 2018. 13-Month ROI had demolished in 30 days. Bitcoin is not left behind. After...Read More
The novel COVID-19 (coronavirus) continues with its adverse effects on the financial markets. The cryptocurrency space is no exception. Bitcoin, for instance, slipped below the significant $5,000 mark and is currently trading at around $4,500. Just hours ago, the leading cryptocurrency by market cap saw a spike of $800. When the U.S. Fed Reserve made...Read More
The Federal Reserve made an unexpected announcement at 5 PM U.S. Time Sunday afternoon. Along with another $700 billion immediate injections – $500 billion in treasuries and $200 billion in mortgage-back securities, the Fed is cutting the rate to zero. Donald Trump fires all the guns he has at an early stage of the coronavirus...Read More
Along with every other financial instrument led by the global stock markets, Bitcoin plummeted in the past two weeks following the worldwide spread of the coronavirus. Following their desire to see Bitcoin emerging as the next generation’s safe-haven asset, this latest severe Bitcoin plunge felt like a nightmare for many Bitcoiners. The following article will...Read More
Bitcoin has tough days. The primary cryptocurrency had lost 40% of its value over the past four days. The fact that the price of Bitcoin is positively correlated with the global stock markets had been a surprise to many in the crypto community, who waited eagerly to see Bitcoin price exploding amid the emerging coronavirus...Read More
Bitcoin (BTC) Yesterday, the price of Bitcoin crashed by over 40%, following the emerging global market crisis. Before this fatal plunge, Bitcoin showed signs of weakness consolidating around the $8000 mark for three days. Meanwhile, this whole bearish scenario started from a mid-February high of $10,500, which was later confirmed by a bearish head-and-shoulds pattern,...Read More
The last few days have been quite terrible as the cryptocurrency market shreds every single gain it has amassed since the start of the year. Bitcoin even slumped to as low as $3,700 for an hour for the first time in 12 months. The price crash left traders in dismay, with many scratching their heads...Read More
