Following our recent price analysis, we saw Bitcoin starting to go lower for a deeper correction. At least lower than the usual 38.2% Fib level correction we had seen three times before since the magnificent 2020 begun. After Bitcoin was testing the long-term ascending trend-line at $10,500 – a trend-line which had started forming in...Read More
Just a quick weekend recap: Following our most recent BTC price analysis from Friday, where we had stated that the correction is likely to test lower levels, we can see Bitcoin breaking below $10,000 after failing to break above the crucial resistance at $10,500. As can be seen on the following daily chart, after getting...Read More
When your completely non-computer savvy, totally apolitical friends or family members come up to you asking, “Hey, you think I should buy this Bitcoin thing?” you’re in bubble territory. The coin is very possibly overheated, and it might be time to sell. We need a healthy pull back. Too much hype about #bitcoin halving and...Read More
Bitcoin’s price made yet another positive week of continuous gains. In the past seven days, BTC is up more than 4%, finally breaking above the essential technical and psychological resistance of $10,000. The price shot up to as much as $10,500 but failed to claim this level and retraced to where it currently trades at...Read More
Bitcoin Bitcoin saw a small 4.7% price increase over the past 7-days as the cryptocurrency finally managed to break above resistance at $9,815 to climb above $10,000. It has met slight resistance at around $10,430 and will need to break here to continue higher. If the bulls penetrate $10,430, higher resistance lies at $10,500 $10,707...Read More
Two days ago, on our most recent BTC price analysis, we had mentioned that Bitcoin is reaching for a crucial long-term resistance line from 2019, we had also mentioned a bearish price divergence on the daily RSI. This resistance is the ascending trend-line marked on the following daily chart, which had started forming in July...Read More
The cryptocurrency market is growing at a notable rate since the beginning of 2020. Interestingly enough, the growth is across the board. Despite Bitcoin’s increasing price, its dominance continues to fade. This is a definitive sign that altcoins are claiming serious grounds as their prices continue to boom. Cryptocurrency Market Cap At 6-Month High It’s...Read More
This is going to be a quick update following our latest Bitcoin price analysis from yesterday. As mentioned yesterday, since the year of 2020 begun, Bitcoin price had gone through three mini-rallies. All those rallies corrected back to the Fibonacci retracement level of 38.2% (a clear sign of bullish uptrend). The last of the three...Read More
Good things don’t come up so quickly. This is what happened with Bitcoin, following the first time in four months that the coin had crossed the $10,000 mark. Two days ago, following the 10K break, we saw it rising a bit more but getting rejected before the next critical resistance price level at $10,300 –...Read More
Fundstar Global Advisors Managing Partner, Tom Lee, continued with his positive predictions regarding the price of the largest digital asset. In a recent interview, he said that Bitcoin will reach $40,000 before the popular stock market index, the Dow Jones Industrial Average (DJI), gets to 40,000. Bitcoin Price To $40,000 Lee is among the most...Read More
The coronavirus which started from Wuhan, China, earlier in January, shows no signs of slowing down. With over 910 people dead already, countries across the world are taking measures. The UK has officially declared it an “imminent” threat. Asian and European stocks continue to feel the pressure as they struggle into the weekly opening. At...Read More
Bitcoin’s positive price movement continued over the weekend, and it surpassed the coveted $10,000. Today, however, the largest cryptocurrency recorded a notable drop of over $500 in a few hours, which also filled the CME closing gap from Friday. Bitcoin Drops With $500 Bitcoin has been on quite the run lately. For the first time...Read More
The Bitcoin Halving will take place in May, and its impact raises several valid questions. One of them concerns miners since the block reward will be cut in half, and the hash rate continues accelerating. New research by a popular provider of institutional trading tools indicates that Bitcoin’s price has to increase with up to...Read More
Bitcoin Bitcoin saw a 5% price rise over the past 7 days of trading as the cryptocurrency rebounds from support at $9,145 to meet resistance at around $9,815. With the 30-day 21% bullish surge, Bitcoin can be expected to break $10,000 pretty soon. Other cryptocurrencies are outpacing Bitcoin. However, this does not mean it cannot...Read More
Two days ago, our latest edition of Bitcoin price analysis had the promising title – “The calm before the storm.” Yesterday we saw what a Bitcoin storm looks like: After recording a daily low at $9142 (Bitstamp), the coin had massively broken out from our mentioned Bull-Flag (at ~$9200), and from there, we witnessed the...Read More
Bitcoin has marked yet another particularly turbulent day of trading, charting increases of up to 7% in the past 24 hours. This caused the cryptocurrency to spike to a new high for 2020, lining up the question if $10,000 is the next target. Bitcoin Price Skyrockets 7% On The Day If one thing is certain...Read More
Most of the altcoins are trading in the green over the past 24 hours. Bitcoin, on the other hand, remains somewhat stagnant at around $9,200. Consequently, BTC’s dominance dropped to 64.5%, which is the lowest it has been since July 2019. Altcoins Compared To Bitcoin. Source: coin360.com The sentiment within the community is shifting quickly,...Read More
On our recent price analysis from two days ago, we had anticipated a huge price move that was supposed to be coming soon. As can be seen, shortly after our analysis, there was the opening of the Chinese stock market after the long Lunar vacation. At the same time, Bitcoin spiked $400 to a new...Read More
The Coronavirus outbreak continues to take its toll on the traditional financial markets, especially in China. The Chinese stock markets had returned after a more extended Lunar New Year’s vacation. As expected, the indexes record significant drops, despite a huge $174 billion injection by the local Government. On the other hand, Bitcoin spiked to over...Read More
Before the weekend, we saw Bitcoin trading safely and easily on its way to $10,000. However, on our recent analysis two days ago, we had pointed out on some indicators that might put some bearish pressure on the cryptocurrency. Since then, we saw a correction of almost $300 down to a current daily low of...Read More
One of the most awaited events in the cryptocurrency space, the Bitcoin Halving, is estimated to take place about 100 days from today. On this day, the reward that miners get from adding blocks to the network will be slashed in half: from 12.5 BTC per block, as of today and the recent four years,...Read More
Since Bitcoin broke firmly above the $9K price line last Tuesday, we saw the coin consolidating mostly inside the range of $9300 – $9400. The beautiful thing about Bitcoin is that its volatility will ever stay. It doesn’t really matter whether Bitcoin price is trading for $10, $100, or $9000. Yesterday we saw another volatile...Read More
Bitcoin Bitcoin saw a further 10% price surge over the past week as the number 1 ranked cryptocurrency breaks above the $9,000 level. It had found major support at $8,255 (short term .382 Fib Retracement), which allowed it to rebound and climb. Bitcoin went on to rise into resistance provided by the November high at...Read More
Bitcoin’s 2020 positive price movement will continue, according to the Managing Partner at Fundstrat Global Advisors, Tom Lee. He believes that both the fundamentals and the technical aspects of the largest cryptocurrency are intact to deliver excellent results throughout the whole year. Bitcoin Enters A Bull Run Bitcoin has recorded a seriously impressive month, starting...Read More
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
