Following our Thursday price analysis, Bitcoin had lost almost $1000 in one and a half days. This came straight after 3-4 failed attempts to break the $10,000 mark over the past two weeks. When you’re not breaking, and the attempts are losing strength, you will dump hard. This was the bad news; however, the good...Read More
Bitcoin kissed the $10K mark goodbye this week as the cryptocurrency dropped to as low as $8,800 on Thursday, reaching the trend-line that was forming since the massive drop in March. As expected, BTC received strong support in that area, and its price quickly recovered to around $9,200, where it’s currently trading. The dump started...Read More
Bitcoin Bitcoin saw a 4.4% price decline over the past seven days of trading as the coin trades at $9,115. The cryptocurrency was at the $9,815 resistance level for the majority of the week as it continuously failed to close above it. Bitcoin went on to slide lower from there on Wednesday as it dropped...Read More
In our recent analysis from Tuesday, we had mentioned the fact that the attempts to break the $10,000 mark are getting weaker over time. In soccer, when you don’t score despite many chances, the other team will score and win. During the recent hours, Bitcoin was slowly losing momentum, and as of writing these lines,...Read More
Bitcoin’s price saw a sudden vicious flash crash on one of the most popular cryptocurrency exchanges – Bitstamp. The price lost upwards of $600 in a single candle that lasted less than a minute. Bitcoin Price Flash Crashes To $9,100 On Bitstamp There are no boring days with Bitcoin. Just a few minutes ago, the...Read More
An interesting Bitcoin transaction surfaced today, bringing back memories from 11 years ago in the distant 2009. 50 BTC mined back then were just transferred to another address. Bitcoin Mined in 2009 Just Transferred Data from Blockchair reveals that 50 bitcoins mined in 2009 were just transferred to an unknown address. The transaction took place...Read More
Over the past days, Bitcoin had gone through sideways price action, flirting with the range between $9500 and $9900. The breakout of the $10,000 target is remarkably close. However, it also feels close as well to a massive price dump. Remember, from a technical point of view, the fact that Bitcoin so far fails to...Read More
Bitcoin wakes up to a new week following a volatile weekend: After reaching down to $9100 on Friday, the following two weekend days were quite bullish for the primary cryptocurrency. Bitcoin regained position, and since the Friday’s low, the price had been climbing nicely to the same devastating resistance area below the $10,000 mark. However,...Read More
Bitcoin took another shot at $10,000 today as its price reached $9,960 on Binance. However, unlike the previous times, altcoins are looking to regain their strength as they managed to chip more than 1% of BTC’s dominance in the past few days. Bitcoin Price Takes Another Swing At $10,000 Volatility doesn’t seem to fade in...Read More
Over the past day or so, Bitcoin suffered from a massive price correction. After reaching the $10K zone for the second time in 10 days, Friday’s devastating candle saw a huge drop of over $800 to $9112, which is the current low on Bitstamp. If you had read our previous price analysis from Thursday, you...Read More
Bitcoin’s halving finally took place at block 630,000 on May 11th, 2020. Like many cryptocurrency enthusiasts and market participants pointed out, the block countdown felt much as if it’s New Year’s Eve. However, it’s already behind our backs, and the price has managed to add another $1,000 to it since then. In the four short...Read More
Bitcoin Bitcoin had an interesting 7-day trading period as the coin dropped by a small 3% over the week. However, this is because BTC fell by a strong 10% over the weekend as the coin fell from $9,600 to reach as low as $8,500. It rebounded from here and started to climb after the halving...Read More
With the third-ever Bitcoin halving in the history books, the price of the asset is reacting by a notable 13% surge. As a result, the number of profitable days of holding the primary cryptocurrency has increased to over 93%, according to a data monitoring website. Almost All BTC Positions Are In Profit Bitcoin’s halving historically...Read More
The Bitcoin halving event took place on May 11, three days ago. As expected, that day was volatile to both sides, but the bottom line was that Bitcoin maintained the crucial support zone around the $8K mark. The latter includes the significant 200-days moving average line (marked light green on the following daily chart), together...Read More
Bitcoin had a very lucrative few days of trading as its price increased with roughly $1,000 since the halving took place. As it pushed above $9,500 today and its dominance increased, however, large-cap altcoins continue to suffer and fail to claim serious ground. Bitcoin Price Pushes Above $9,500 At the time of this writing, Bitcoin’s...Read More
Bitcoin’s halving is behind us, and its price is nothing but soaring. Moreover, BTC is surging while legacy markets continue their downturn, strengthening the narrative that the cryptocurrency keeps on decoupling. Bitcoin Price Soars 9% in Less Than Three Days Bitcoin’s halving took place a little more than 48 hours ago. At the time, BTC...Read More
Block 630,000 was mined yesterday, and with it, the third Bitcoin halving was successfully completed. From here on, miners will receive 6.25 BTC for adding new blocks to the network. The hours before the event were fairly turbulent for BTC’s price, but it seems that it has calmed down, at least for now. Bitcoin Price...Read More
The most anticipated event in the cryptocurrency community has finally occurred as the Bitcoin network just produced block number 630,000. The Bitcoin halving will reduce the daily supply, the inflation rate, and the block rewards for miners. It has also raised serious discussions around the price of BTC. 2020 Halving Completed After months of increased...Read More
Bitcoin’s volatility is breaking records, as the primary cryptocurrency approaches its third halving in a few hours. After yesterday 20% plunge to $8K, Bitcoin had recovered more than halfway. As of writing these lines, Bitcoin is trading around the $9000 mark. As we stated here on yesterday’s BTC analysis, the violent plunge that took place...Read More
With only two days left to the third halving, severe levels of volatility reached the cryptocurrency market, and Bitcoin plunged by 20% in a matter of hours. Similar price developments transpired back in July 2016 when, again, two days before the second halving, BTC dropped by 11%. History On Track In 2016 and 2020 As...Read More
This was one of the worst days for Bitcoin’s price over the past years. Starting yesterday just one step away from the $10K mark, Bitcoin saw an intraday crash to below $8000, before a slight recovery. At some point, the daily candle reached almost 20% in the negative. Anyone who knows Bitcoin can’t say it’s...Read More
Bitcoin crashed 10% in 30 minutes, and almost 20% over the past hours, plunging below $8000 on some exchanges. Just two days before the anticipated Bitcoin halving event and no more than 48 hours after touching the $10K mark, a classic “sell the news” dump had initiated. As of writing these lines, the price of...Read More
Bitcoin is currently down by 1.5% after a surging to $10,000 mark on Thursday, but a rebound could be underway. The primary cryptocurrency is looking for a substantial rebound level around $9,400 Key Resistance Levels: $9,800, $10,000, $10,475, $10,970 Key Support Levels: $9,450, $9,100, $9,000, $8,500 BTC/USD 1D. Source: TradingViewBitcoin’s recovery from the March crash...Read More
The majority of Bitcoin holdings are currently in a profitable position following the recent rally of the largest cryptocurrency by market capitalization, data from on-chain data provider Glassnode shows. The UTXO Realized Price Distribution (URPD) metric from the data firm puts the proportion of the moneymaking Bitcoin at 81%. What Is UTXO Realized Price Distribution...Read More
Only four days left until the Bitcoin halving event. This by itself could have been enough to fuel the primary cryptocurrency beyond the $10,000 mark. Maybe it happened faster than expected, Bitcoin just reached the 5-digit mark for the first time since February 24, 2020. As of writing these lines, BTC completes an incredible 35%...Read More
Millions of US citizens received a stimulus check worth $1,200 in the last few weeks as government aid to fight the effects prompted by the COVID-19. Interestingly, if that amount was invested in Bitcoin when the first checks were initially received, it would have grown to $1,600 by now. $1,200 Becomes $1,600 In Weeks According...Read More
As we are getting closer to the halving event, Bitcoin is likely to mark its third consecutive green day, where the primary cryptocurrency had increased more than $1000 over the past four days. As of writing these lines, it seems like $10K will come in a matter of hours. If you had followed our price...Read More
Bitcoin has come a long way since it was first introduced to the world when its pseudonymous creator Satoshi Nakamoto published the whitepaper. In its first days of trading in 2010, BTC had a price of around $0.003. To those who have been in the market long enough, this price seems like that of many...Read More
Bitcoin’s price has been recovering steadily since the crash in mid-March. With it, most of the altcoins are also growing, charting notable increases altogether. However, BTC is also taking over the market as its dominance has been going up continuously. Bitcoin Dominance Highest Since January 2020 Bitcoin’s dominance is the index that measures the cryptocurrency’s...Read More
Over the past two days, Bitcoin price seems to be consolidated in a triangle pattern, as can be seen below on the following shorter timeframe chart (the 4-hour). The symmetrical triangle consolidates around the $9000 benchmark, where its apex is anticipated somewhere in the next day. However, as we learned before, Bitcoin might break of...Read More
