Tag Archives: Bitcoin (BTC) Price

After an impressive rebound following the retest of the $30K area on Sunday, bitcoin reached $40K earlier today. However, over the past hours, the primary cryptocurrency is losing momentum. The question is whether this huge $10K recovery will turn into a “dead-cat bounce,” or bitcoin will able to penetrate through the heavy resistance zone of $40-42K? The good news is that, as of now, bitcoin’s price is still up by a total of 18% from Sunday’s low. Quick recap: The primary...

Bitcoin’s bull market will endure and resume, pointed out the popular crypto analyst – Willy Woo. He came to this conclusion after indicating that BTC’s network has kept expanding during this crash. Interestingly, further on-chain data support this narrative. BTC Bull Run Intact Ever since bitcoin peaked at $65,000 in mid-April, the cryptocurrency has been on a downfall. After nosediving below $60,000, the situation worsened earlier in May following negative news from Tesla...

As cryptocurrencies continue to experience massive volatility, Barry Silbert, founder, and CEO of Digital Currency Group (DCG), the parent company of Grayscale and other crypto firms, believes that the next move of the asset class will be determined by what happens in the stock market in the coming weeks. “Where the crypto market goes from here is completely dependent on the stock market over the next couple weeks,” Silbert tweeted today. Silbert’s latest statement follows an...

Bitcoin is up by an impressive 18% since yesterday’s low at $31,100. It fell beneath the $36,750 (.786 Fib) support yesterday and ended up closing the candle at $34,760 (downside 1.414 Fib Extension) after dipping as low as $31,100 in the session. The session turned to be one of the worst days bitcoin had seen dollarwise. Today, following the huge rebound, BTC is attempting to recover and break back above the $36,750 – $37K level, once again. This pattern could justify a...

A bullish case isn’t on many people’s minds – but signs are cropping up that Bitcoin may indeed be headed for a trend reversal. Here are some signs explaining why BTC might be overdue for a renewed uptick. Bitcoin reached its all-time high of almost $65K on April 14, 2021, a little over a month ago. However, over the past 10 days the price violently broke down from the $50K mark and even reached $30K last Wednesday. Bearish sentiment affected the whole crypto market, as...

Bitcoin is ending today (Sunday) a second bloody week, which could probably turn into the worst-ever week for the primary cryptocurrency if we measure it dollar-wise. On May 10, just 13 days ago, the price was trading at nearly $60K. This week’s low from Wednesday lies slightly above $30K, according to Bitstamp. A 50% decrease in 13 days, and 54% below the ATH level of around $65K  recorded on April 14. $16K weekly candle. BTC/USD weekly chart, Source: TradingView As...

Bears continue to take their toll on the cryptocurrency market as the prices are still bleeding out. The total market capitalization lost over $180 billion since yesterday’s peak. It’s worth pointing out, though, that throughout the past few days, Bitcoin’s dominance – the index that tracks BTC’s share relative to that of the entire market – is increasing and now sits at almost 46%. Bitcoin Price Slides Below $35K Yesterday, bitcoin’s price was on the verge of recovery. It...

Tesla’s electric vehicle competitor Fisker Automotive has no plans to interact with bitcoin, said the company’s CEO, Henrik Fisker. During a recent interview, the executive also touched upon the growing environmental concerns and called BTC “not a sustainable solution.” Fisker Won’t Get Involved With Bitcoin Although Tesla and its CEO, Elon Musk, caused massive turbulence in the markets most recently, the electric vehicle maker is actually one of the largest BTC holders....

Volatility could be scary for some BTC investors, but it’s the price to pay for overperforming the S&P index 10x over a decade, said MicroStrategy’s CEO, Michael Saylor. He also described Elon Musk as “enthusiastic” about the bitcoin space following the latest criticism from Tesla’s CEO. Speaking on the enhanced volatility that bitcoin faced in the past week or so, Saylor joined others indicating that such dramatic fluctuations could be expected to some extent in the...

With bad news attacks coming from all directions over the past week, bitcoin’s price fails to recover any of the recent losses. In the past 24 hours alone, the cryptocurrency fell by almost $10,000 following another set of China FUD. Most altcoins have it even worse, with double-digit price slumps charted from ETH, BNB, ADA, DOGE, XRP, and more. China Causes Another $9K Dip for BTC Bitcoin has seen better days. The massive sell-off during the week caused substantial...