2020 has so far been an exciting and profitable year for Bitcoin. Since the early days of January, the cryptocurrency has managed to increase its value by almost 40%. This is a spectacular performance for any asset, even more so within traditional markets. BTC/USD January. Source: TradingView In the past 24 hours alone, Bitcoin is...Read More
Over the past days, following a decent start to the new decade, we had seen Bitcoin correcting nicely and healthily into the 38.2% Fibonacci level at $8300. Immediately after that, Bitcoin fired its engines and in just three consecutive days, the primary cryptocurrency had gained over $1200 (!), which is more than 15% to its...Read More
An interesting poll on Twitter revealed that if Bitcoin’s price reached $100,000, most people would prefer to sell either all or some of their holdings for fiat. A comparison with another poll, however, shows an exciting consistency with what Bitcoin holders supposedly intend to do. Majority Will Sell If Bitcoin Price Reaches $100,000 One of...Read More
Bitcoin’s price just crossed the $9,000 mark. The halving, which is arguably one of the most anticipated events in the cryptocurrency space in 2020, is just months away. Still, there is no real coverage on behalf of mainstream media, unlike what happened toward the end of 2017 when Bitcoin was charting daily surges, and traditional...Read More
One of the most concerning and substantial pieces of news early in 2020 came from China. The country saw the outbreak of a new coronavirus in mid-January in the Chinese city of Wuhan. Supposedly originating in a local food market in the city, the virus now spreads over a broader territory while the number of...Read More
A quick update following yesterday’s analysis. As we mentioned here yesterday on the previous analysis – Bitcoin price’s recent correction down to $8200 was healthy (so far). Added to the above, is the fact that Bitcoin had found support precisely on the lower trend-line of the ascending channel, marked on the following 4-hour’s chart. Over...Read More
After touching the significant 200-days moving average line at $9,060, Bitcoin quickly got rejected down to $8400. From there, the cryptocurrency had a three-day consolidation around $8600; however, after breaking it down, the bearish momentum had recorded $8200 as the weekly low. Coincidence? When looking at the following 4-hour chart, we can see that the...Read More
Bitcoin Bitcoin has dropped by a small 5% over the past week as it hovers around the $8,400 level. It found strong resistance at the $8,963 level (bearish .786 Fib Retracement) and was unable to overcome it. The latest retracement was expected, considering that Bitcoin managed to surge by over 30% in January to reach...Read More
A quick recap to the last Bitcoin’s price action from the past week: After touching the 200-days moving average line (~$9060), Bitcoin got rejected and quickly dropped into the $8600 support area, after creating a wick down to $8450. Since the first touch on this crucial support line (four days ago), we had seen Bitcoin...Read More
The debates on whether or not the forthcoming Bitcoin halving will affect the price of the asset continues with full force. While some people believe that the event has already been priced in and the community should not expect a significant boost, others presume that Bitcoin is yet to encounter the real impact. Bitcoin Halving...Read More
After last week’s surge to nearly $9,200 and the following retracement, Bitcoin has been trading mostly in a range between $8,500 and $8,750. Yesterday, it noted a quick dip to $8,480 on Bitstamp and immediately surged back to over $8,700, which is where it currently stands. If Bitcoin’s bullish 2020 price movements are to continue,...Read More
Over the past two days, we had seen the price of Bitcoin trading mainly under a very tight range between $8600 and $8700. As a reminder of the recent price action, Bitcoin had gone through a decent rally since starting the new decade. However, right after touching the significant 200-days moving average line (marked light...Read More
The cryptocurrency market was particularly volatile in the last few weeks. Bitcoin SV stands tall today with a serious increase of over 20% in the past 24 hours alone. At the time of this writing, BSV trades at around $307. BSV has been on a rollercoaster throughout the past seven days. On January 15th, it...Read More
The cryptocurrency market, being a relatively young and small one, is frequently affected by external forces. Sometimes, one of those factors could sound a bit strange on the surface, but it could deliver a severe impact. It’s the Chinese New Year. The Holiday is taking place during the next weekend, between January 25th (Saturday) and...Read More
Today we got another reminder that volatility is working both ways. Bitcoin has fabulous times since entering the new decade. However, when we see such a parabolic move to the upside, we can expect volatile moves to the other side, as well. Just yesterday, we mentioned Bitcoin price reaching its first major test – the...Read More
Over the past two days, we saw Bitcoin reaching the $9000 zone, quickly getting rejected, and now Bitcoin is once again a touch away from 2020 high. Two bullish signs to keep an eye on is the fact that Bitcoin corrected accurately into the 38.2% Fibonacci retracement level – which is considered a healthy correction...Read More
Bitcoin saw a serious 12% price increase this week, allowing the cryptocurrency to rises toward the $8,800 level. BTC actually managed to rise into the $9,000 resistance level today but has since rolled over and fallen slightly. The latest price increase saw Bitcoin rising well above the 200-days EMA as it approached resistance at $8,960...Read More
Since breaking the $8600 resistance two days ago, Bitcoin had continued its surge directly to the upper ascending line, the one that is marked on our following 4-hour chart. It looks like Bitcoin’s rally got a (temp?) ‘roof’ at that ascending trend-line. Why a temp roof? If Bitcoin would like to reach new highs, it’s...Read More
The majority of voters in a recent poll think that Bitcoin will surpass its all-time high of $20,000 in 2020. This comes just one day after an impressive price surge of almost 8%, confirming the generally positive sentiment in the community. 2020 – A New BTC ATH? The cryptocurrency market experienced a serious price increase...Read More
Bitcoin set the stage for an impressive price increase throughout the whole market with a positive run to over $8,800 at one point. Amid all this, the popular transaction monitoring resource, Whale Alert, detected a $1 billion transaction carried out with BTC. $1 Billion Transferred For $80 The last 24 hours have been nothing short...Read More
The cryptocurrency market is on the move again, and the dominant color is green. With some impressive numbers across the charts, the total market capitalization rises to $227 Billion. The green is led by Bitcoin, which is seeing decent gains of 5% since yesterday. BTC started 2020 at $7,200 and is up with 18% since...Read More
Bitcoin just completed a daily surge of more than $400, marking $8580 as its current daily high. Yes, maybe when you’re reading these lines, the king of the cryptocurrencies had continued its way even higher. Three days ago, on our recent price analysis, we had stated clearly that the short-term looks bullish for Bitcoin. The...Read More
The end of 2019 marked yet another volatile and, in most cases, profitable, year in the cryptocurrency community. The field continues to evolve with new developments while governments are starting to pay further attention, ultimately leading to a more mature market place. A recent report has compiled interesting data regarding the performance of Bitcoin, Ethereum,...Read More
The whole cryptocurrency market has been somewhat volatile over the last several days. Bitcoin, for example, is almost invariably on the move. Friday, it went down to $7,666 on Bitstamp and yesterday surged to nearly $8,300. At the time of this writing, it has calmed to around $8,100. Taking a look at the technical aspects,...Read More
Bitcoin had seen a grand opening to the new decade, following a decent surge of roughly $1000 in the first days of 2020. After reaching a high of $8400 last Wednesday, Bitcoin had encountered resistance and quickly turned around. However, the coin continues to look healthy and positive, consolidating safely above the $8000 benchmark. Yesterday...Read More
Following the first mini-rally of 2020, Bitcoin had quickly reached our mentioned target of $8400 before getting rejected. From there, the cryptocurrency saw a steep drop towards the 38.2% Fibonacci level (~$7850) of the last spike. As of writing these lines, Bitcoin is trading around $7900 – $8000 for the past hours, preparing for its...Read More
Bitcoin likes to do things fast: Following yesterday’s analysis, we see that 2020 is so far very bullish for Bitcoin. In less than seven days, Bitcoin had seen over a 10% increase. Yesterday, we pointed out the ascending channel on the 4-hour chart. Today, Bitcoin had broken up from the channel and quickly reached into...Read More
Bitcoin is on the move again, heading north. The largest cryptocurrency is recording impressive gains over the last 24 hours, and it even touched $8,000 before retracing to the current level of $7,900. Just yesterday, BTC was trading around $7,300, and, in a few positive candles, surged with almost 10%. However, as Cryptopotato reported, the...Read More
So far, the new decade is in favor of Bitcoin’s Bulls. Following the break-out from two days ago, the price finally managed to get over the $7300 – $7400 resistance area, while setting a new 2-week high at $7600 (Bitstamp), as of writing these lines. While the global stock markets are seeing heavy red, Bitcoin...Read More
Only a few days ago, the price of Bitcoin plunged to $6,850 (Bitstamp) in a violent red candle. However, the bulls quickly took charge, and the price recovered to over $7,200 in the next few hours, and since then, the state of BTC has been ever healthier. The largest cryptocurrency is currently trading safely above $7,400,...Read More
