Tag Archives: Bitcoin (BTC) Price

The number of people believing that bitcoin could top $100,000 by the end of the year continues to grow, with the latest being Bloomberg’s Senior Commodity Strategist – Mike McGlone. By outlining the growing mass adoption, declining active supply, among other reasons, McGlone predicted that BTC could more than double its value in the next three months. BTC to $100K: Bloomberg This year has already been a wild roller-coaster when it comes down to BTC’s price as it surged from...

BTC has been showing near-term signs of strength, especially after reclaiming the 200-moving average on the 4-hour chart and holding $47.2k, a key level of support. What’s notable is that Bitcoin managed to hold support despite global stocks selling off with the dollar rising. Near term, BTC has managed to reclaim the critical 200-day moving average, 21-day, the 21-day exponential moving average, and the 200-moving average on the 4-hour chart. This is quite impressive...

After yesterday’s dump below $47,000, bitcoin has resumed its bullish trajectory by adding $2,000 and nearing $49,000. Most alternative coins have stalled, but not Avalanche. AVAX has registered yet another all-time high, this time above $70. Bitcoin Charts an 11-Day High This week began with enhanced volatility following fake reports claiming that Walmart has adopted cryptocurrency payments for its online services. Bitcoin went up by $1,500 before dumping by $3,000 minutes...

Bitcoin’s recent price surge has led to the formation of a golden cross as the 50-day moving average has gone over the 200-day moving average. Although it’s considered a lagging indicator, previous similar cases have resulted in further price increases for BTC, with investors anticipating a similar move now as well. Bitcoin Golden Cross Took Place This popular indicator occurs when a short-term moving average (the 50-day one in this case) surpasses a major long-term moving...

After falling to $44,000 and spiking to $46,000, bitcoin has calmed once again around the $45,000 mark. Most altcoins are slightly in green on a daily scale, but some have charted impressive gains. Avalanche is among those as AVAX has surged by more than 30% to tap a new ATH. ETH at $3,300 as AVAX Marks a New ATH Most larger-cap altcoins have mimicked BTC in the past few days. Ethereum plummeted during the mid-week crash, attempted rapid recovery, but failed to increase any...

Over the last month, Bitcoin’s price (BTC) has correlated tightly with stocks. Here’s what could be causing it. The last week saw hundreds of billions of dollars wiped from the cryptocurrency industry’s overall market cap. Bitcoin’s price is down 8.8% over the last 7 days. Ethereum’s price (ETH) is down 15.4%. Binance Coin BNB) is down a further 17.9% over the same period. And pity the Dogecoin holder (DOGE) who bought last Saturday for a 20% loss by today. In fact, all of...

Rick Rieder, the managing director of BlackRock, Inc., said in an interview on CNBC’s “Squawk Box” Thursday that he could see the Bitcoin price (BTC) “go up significantly.” That’s a welcome word for bitcoin traders this week, with the price back down to the $45K handle. That doesn’t by any means make Mr. Rieder, the CIO for the world’s largest asset management company (with $9 trillion in assets under management), an all-out Bitcoin bull. He cautioned that the bitcoin price...

After a few days of consolidation around $46,000, bitcoin has headed south and dropped beneath $45,000. Most altcoins have retraced in a similar fashion, with a few exceptions. LUNA is among those as it pumped by double-digits to tap a new ATH above $40. Bitcoin Slides Below $45K The primary cryptocurrency had a rough week. As it was preparing to become a legal tender in El Salvador, its price went to a multi-month high at just over $53,000. However, shortly after it became...

Once again, BTC held support at the critical 200-day moving average of around $46k after shaking another round of weak hands. Although the near term charts look bearish, the overall trend in fundamental, technical, and on-chain data remain firmly bullish, indicating Bitcoin will likely head higher in the next few months. Chart by TradingViewBTC Falls While Strong Hands Continue to Buy Spot exchange reserves printed another multi-year low, further indicating strong...

After the nearly 20% plunge in BTC price, the cryptocurrency spent the next day consolidating and retesting the critical 200-day moving average at $46k. BTC managed to hold the level for the daily close, a positive signal. Near term, it is important to continue holding $46k, complete long liquidations, and start a recovery to reclaim $47.2, the bottom of the green zone. Strong Hands Holding Older Coins Did Not Sell Although BTC fell slightly the day after the major drop,...