Tag Archives: Bitcoin (BTC) Price

BTC finished August on a positive note, printing the second consecutive monthly candle higher, completing an increase of 13.6%. This is quite notable for the largest cryptocurrency as the 2018 bear market never saw 2 strong consecutive monthly closes higher. Chart by TradingViewBitcoin’s Near-Term Consolidation BTC continues the near-term consolidation after finding resistance at $50k. So far, bitcoin’s price has held the green zone of support between $48.1k to $46k, where...

Bitcoin’s recent struggles continued in the past 24 hours as the asset dropped to a five-day low of around $46,500. In contrast, some alternative coins have been on the rise. Ethereum is a prime example as it jumped above $3,500 for the first time in more than three months. ETH Above $3.5K; DOT Spikes 10% It’s safe to say that most altcoins have been outperforming Bitcoin in the past few weeks. Ethereum, for instance, had dropped below $3,200 on Monday. However, the...

The past couple of days saw Bitcoin consolidating between important support and resistance lines, which is arguably good for its price as it’s definitively better than a flat-out correction. Now, data shows us that the Coinbase BTC balance sits at levels not seen since December 2017. Coinbace Bitcoin Balance Go Down One of the ways to gauge the potential for upcoming big moves in Bitcoin’s price is by following the BTC balance on exchanges. If the number is high, it means...

Kevin Wadsworth – co-founder of the technical analysis company Northstar & Badcharts – opined that the current cryptocurrency bull market would “conclude before the end of the year” and bitcoin would reach a price of around $100K. The top executive also stated that the primary digital asset’s USD value might exceed $1 million in 2025. The Bull Market Is Still Yet to Peak During an interview for Kitco News, Wadsworth shared an optimistic prediction about bitcoin and the...

BTC managed to make a third weekly close above the 21-week and 200-day moving average as the largest cryptocurrency continues the bull market continuation validation phase. After rallying higher for 5 consecutive weeks with near-term momentum slowing and bearish divergence on the 4-hour chart, consolidation can be expected. Resistance at $50k continues to be the near-term level that BTC must successfully close above in order to follow up on the breakout and bull market...

Bitcoin attempted to reach $50,000 once more in the past 24 hours, but it was rejected, which drove it south hard. Most altcoins have stalled, which has enabled SOL to outplace Polkadot as the 8th largest cryptocurrency following another impressive surge and ATH. SOL’s Latest ATH Takes it to N8 Most alternative coins have performed rather similarly to bitcoin in the past few days. As such, they have remained relatively stagnant on a daily scale, despite the intraday...

BTC managed to find a local bottom at $46.3k, and printed an impressive daily candle close back above $48.1k, starting the weekend on a positive note. BTC bulls will be watching closely to see if the largest cryptocurrency can aim for a retest at the critical $50k level again, as a cluster of shorts remain at $49.5k. Earlier, more than 2400 BTC longs were liquidated at $46.9k and $46.6k, flushing out a large chunk of leverage on derivative exchanges. The bitcoin price managed...

Following a few days of price declines, bitcoin has bounced off and jumped to around $49,000. Most alternative coins have also reacted well to the recent slumps, with impressive increases now. ADA leads the pack with a 10% surge to above $2.8. Bitcoin Touched $49K As reported by CryptoPotato, the past few days didn’t go well for the primary cryptocurrency. It had failed to remain above $50,000 after it breached that level for the first time since mid-May and the bears had a...

Bitcoin (BTC) Bitcoin is up a small 1% this week after getting rejected trying to breach above the $50,000 mark on Monday. The current high since May now lies at $50,500. Unfortunately, BTC was unable to sustain this level and ended up closing the daily candle beneath $50K. Following the rejection, BTC headed sharply lower: Yesterday it fell back beneath $47,800, recording its weekly low amid $46.3k, however, the bitcoin price managed to close the day on top of the crucial...

The British cryptographer Adam Back expects bitcoin to reach a price of $100,000 by the end of the year. Comparing the primary cryptocurrency to gold, he praised the former as the better financial instrument. In addition, Florian Grummes – precious metal and bitcoin analyst – shared a similar point of view. The virtual asset’s USD value would decline to $34-38K, but in six months, it would stand at $100,000. Interestingly, both of these forecasts coincide with the popular...