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
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
