Yesterday April 15 Bitcoin traded around $6,700 no one could expect the cryptocurrency to break through to the $7,000 level. Bitcoin which currently trades at $7,021.73 increased by more than $500 in the past 24 hours alone. The cryptocurrency rose from $6,650 to $7,145 in a matter of one and a half hours. Liquidation on...Read More
In brief: Bitcoin exhibited some bullish momentum earlier on in the week. BTC traded briefly at $7,200, dropped below $7,000 and then attempted, with no success, to reclaim this level as support. However, we are back in familiar territory with $6,900 being the level to overcome once again. On April fools day, keen crypto traders...Read More
In brief: Bitcoin (BTC) has had an eventful weekend as it dropped from $6,700 to $6,000. The King of Crypto has tested the $6,000 support zone a few times. This area of support is crucial as a death cross is forming on the daily chart. At the time of writing this, all global citizens are...Read More
The current Bitcoin bull is benefiting the majority of the cryptocurrency industry, including major altcoins. Many altcoins have seen decent levels of price growth. The whole crypto market is turned green with few exceptions, taking the overall market cap to $186 billion. With this, most of the major altcoins were pumping in double-digit amounts. At...Read More
The novel coronavirus outbreak continues to create a fair bit of havoc. Some people seem to believe that this pandemic will be beneficial to Bitcoin’s value in the long run. Many people remain fearful over the novel coronavirus outbreak, for obvious reasons. Will the Coronavirus Help the Bitcoin Price? It remains a global pandemic with...Read More
BitMex CEO Arthur Hayes has a new Bitcoin prediction. BTC price will fall down but not below $6000. However, Bitcoin may reach $20000 by year-end. At present, Bitcoin is trading at $6,025.05 against USD. Arthur Hayes, Bitmex CEO has made yet another prediction about Bitcoin in his latest tweet. Hot off the press the next...Read More
Over the past few hours, Bitcoin has mounted a comeback; after falling as low as $7,590 in step with a similar drop in the price of equities, the cryptocurrency surged towards $7,900. While some say this is just volatility, there is purportedly evidence that an uptrend is forming, one that could take BTC above $8,000,...Read More
Despite the slight recovery, Bitcoin remains decisively down on the week, trending far lower since the $9,200 high was established on Saturday. In fact, from the local top, the cryptocurrency has lost 12%, and over 25% since February’s $10,500 top, dramatically underperforming traditional markets in the same time period. Many traders have lost their shirts...Read More
Bitcoin Tanked below $8K this Monday, after dropping nearly 10%. Analysts’ hints towards Plus Token Scam pulled BTC price down. Will Bitcoin price bounce back or it is backtracking to March 2019 price? Bitcoin Price Tanked below $8K this Monday The second week of March 2020 has started on a negative note for the World’s...Read More
Since our last market update, Bitcoin hasn’t fared any better; just minutes ago (as of the time of this article’s writing), the cryptocurrency was trading at $7,700 — the lowest the asset has traded at since mid-January, amid the breakout that brought it as high as $10,500. This means that at the worst of the...Read More
After falling as low as $8,400 on the weekend, Bitcoin has mounted a strong recovery over the past few days. Just recently, the cryptocurrency breached $9,000 for the first time in days, now trading at $9,130 as of the time of this article’s writing (TradingView chart can be seen below illustrating this price action). This...Read More
Morgan Creek Digital’s founder and early bitcoin investor, Anthony Pompliano at CNN debunks the present assertion that Central banks around the world are building digital currencies aimed at supporting the immutability of bitcoin. A Competition Is Brewing: Bitcoin Vs CBDCs During his recent interview with CNN’s Chatterley, Anthony Pompliano, hereinafter known as Pomp says there...Read More
Renowned venture capitalist, Tim Draper during a recent interview has doubled down on his long-standing bitcoin prediction of $250k. This time, Draper believes this price altitude is achievable within a few years from now. Draper On His $250k BTC Prediction During an interview session with CNBC, popular crypto frontier and bitcoin evangelist, Tim Draper has...Read More
The last 24 hours have been particularly discouraging as BTC and other major cryptocurrencies sharply declined from their respective previous price accumulation. Bitcoin (BTC) had recently experienced a price pump of around 6% surpassing the important $10k level. This instigated significant market swing as major altcoins, including Ethereum (ETH) and XRP all moved correspondingly to...Read More
There is a constant uproar in the crypto industry since the time Bitcoin Price raised above $10,000 against USD last August. The crypto king BTC price has once again managed to cross the $10k barrier. Isn’t it exciting? Let’s see how the Bitcoin has fared since its last High point. BTC Price Analysis – The...Read More
Predictions forecasting future stance of bitcoin and crypto markets always make headlines. But what do the facts and data say? Blockchain analytics firm IntoTheBlock has come out with interesting insights which throw light on the current state of the BTC and digital asset markets. These also can be used to draw thoughtful conclusions about the...Read More
Since the massive bitcoin and crypto surge in late 2017 and resultant crash in 2018 everyone has been waiting for a return to those giddy heights. In reality, it may just take a little longer as it did after the dotcom bubble burst. Bitcoin’s Slow Build Looking at previous years may give us an indication...Read More
Bitcoin price predictions are always a point of contention. They have ranged from mind-blowing seven-figure surges to more sedate extrapolations of current market conditions. One industry executive thinks it is quite plausible for BTC to be $50k by the end of 2020 and here’s why. Speaking to Bloomberg, Nexo founder Antoni Trenchev said that company...Read More
It is a great day for the crypto market today as most of the cryptos are trading in the green zone. After a stressful plunging downtrend, crypto investors and traders can breathe a sigh of relief. Among all the cryptos, Bitcoin family has emerged as a winner regarding the price rise. Bitcoin’s 11th birthday can...Read More
Bloomberg, the mainstream media interviewed Antoni Trenchev, CEO of NexoFinance about Bitcoin’s journey in the last decade. Trenchev poured out his views on how Bitcoin has fared and 9000000% increase since 2010. According to Nexo CEO, Bitcoin is an “incredible asset” uncorrelated to the overall market. He further compared BTC to gold asset & claimed...Read More
The potential short-term and long-term growth prospects of bitcoin can be gauged from the ongoing price activity. BTC price is facing increasing resistance on its way up. Volatility is decreasing with time. What does this mean for bitcoin’s overall outlook? In his latest article, entrepreneur, engineer, and bitcoin optimist Harold Christopher Burger deeply analyzed the...Read More
Today’s mid-week daily close in Bitcoin price charts carries significantly more weight than usual, as New Year’s Eve marks the last day of the calendar year, and the crypto asset’s yearly candle close.If the leading crypto asset by market cap closes today at current prices around $7,250, the yearly candle will close with the largest...Read More
With 2019 ending in a number of hours, here is a look at the positive performance for Bitcoin (BTC) across several network and market parameters. Bitcoin Price up 95% YTD At press time, the Bitcoin price is up by about 95% year-to-date (YTD). After a difficult 2018 that saw the top-ranked crypto drop 72%, BTC...Read More
So apparently, it was Christmas this week… Did anybody get any bitcoin? Bitcoin Price So we didn’t really get much of a Christmas present when it came to bitcoin price this year. A push at the start of the week took us to $7.6k, but bulls failed to capitalize on that and prices dropped back...Read More
The end of the year is usually a good time to review some price predictions for bitcoin. One model that has grown in popularity this year has been stock to flow and further research indicates that BTC price patterns are accurate. Bitcoin S2F In Depth The model was originally proposed by market analyst ‘PlanB’ who...Read More
Craig Wright is back with his ‘priceless’ bitcoin comments. This time he chose Christmas to share his opinion on BTC’s future price action. Mr. Faketoshi thinks that bitcoin ‘is not gonna keep going up in value’. Since bitcoin started trading on various crypto exchanges and noticeably reached its all-time high in December, scores of analysts...Read More
By Dmitriy Gurkovskiy, author at RoboForex Blog On Friday, December 27th, the activity shrunk to a minimum. The leading cryptocurrency is trading at $7181.00 and declining slightly. Judging by the dynamics on D1, market participants are aimed at 76.0% ($5700.00) but stopped yet near 61.8% Fibo. At the decline, there is a convergence on the...Read More
The consolidation for the entire month of December has continued for Bitcoin as it holds above key support. If the next moves down are similar to the previous ones however it could soon be as low as $5,000 according to one analyst.Bitcoin Consolidation ContinuesFor another day BTC has held above $7,000 as its sideways trading...Read More
Bitcoin is looking set to end the year almost double its price at the beginning. The long term trend is still very strong and those gains are likely to continue for the next few years. Bitcoin Up Over 90% YoY Last Christmas, Bitcoin was priced at around $3,800. It had been through a brutal bear...Read More
There are plenty of metrics and models used to anticipate the future price of Bitcoin. A popular one is stock to flow ratio but one Bloomberg host has called it nonsense adding that coin supply has little effect on BTC prices.Bitcoin S2F Prediction Model ‘Nonsense’According to economics reference materials, stock to flow is defined as...Read More
