Tag Archives: Bitcoin (BTC) Price

Bitcoin is down by a sharp 5% today as the primary cryptocurrency violently breaking down support at $35K. As of now, bitcoin is trading at its lowest price range since June 9. Just five days after things started to look short-term bullish, as BTC surged above the 20-day MA to reach resistance located at $40,760 (bearish .382 Fib), Bitcoin about to conclude another bearish week. The bigger picture hadn’t changed – since the May-19 huge liquidation crash, Bitcoin price is...

After several days of adverse price developments, bitcoin has calmed just over the $35,000 price tag. Most alternative coins, though, continue to register price losses, with ETH sliding to $2,200 again and XRP dumping by more than 5% in a day. Bitcoin Stalls Above $35K The workweek was going in bitcoin’s way for several days as it had spiked above $40,000 to a new 26-day high at $41,375 on Tuesday. As the community started preparing for another leg up that can take the asset...

The Q4 2019 and Q1 2020 crashes were both preceded by a death cross and signified that the tides in the market are about to shift in a big way. Why Does a Death Cross Work? The death cross indicator has been reliable in both the stock and crypto markets – it predicted 4 major crypto crashes, as well as the 1974 and 2008 stock market collapses. When a bull market ends, short-term momentum (indicated by the 50-day moving average line, or 50MA) starts to slow down. The Death...

The weekends continue to bring adverse price developments for bitcoin as the asset fell to a six-day low of $35,000. The situation with the alternative coins is similar, with ETH dumping to $2,200 and BNB below $340. The total market cap is down by $100 billion in a day. Bitcoin Slips to 6-Day Low The workweek was going well at one point for bitcoin, which spiked to and above $40,000. The bulls drove the asset to a new 3-week high at almost $41,400, but they failed to keep...

The last week was rather challenging for altcoins as most of the major ones are trading in the red. Bitcoin managed to pull ahead a bit, which also resulted in an increase in its market dominance. Bitcoin Bitcoin is up by a very small 2.8% over the past week as it currently trades at $37,900 – just above the 20-day MA. The coin had provided some hope at the start of the week as it surged above $37,000 to break a falling trend line that has been in play since the mid-May...

Bitcoin continues to gradually lose value with another price slump to around $37,000. Most alternative coins are also suffering, with ETH dipping beneath $2,400 and BNB close to dropping below $350. Bitcoin’s Struggles Continue Just a few days ago, the situation with the primary cryptocurrency seemed significantly more promising. The asset was riding high above $40,000 for the first time in nearly a month and even spiked to north of $41,000. However, it failed to maintain...

Bitcoin traders utilizing the popular derivatives exchange BitMEX still seem significantly more bearish on the asset’s future price developments, on-chain data reveals. At the same time, a prominent analyst argued that the most violent stages of the recent market crash are over, which could suggest good entry opportunities. BitMEX BTC Traders Still Bearish Bitcoin’s price went through a roller-coaster in the past month propelled by FUD and over-leveraged positions on...

Despite the most recent price fluctuations with bitcoin, whales have not been deterred from accumulating sizeable portions. Buying 100,000 coins in less than a month, they now own almost half of the circulating supply. Whales Own Almost 50% of BTC in Circulation Bitcoin whales are typically separated into a few groups. Perhaps the most active one comes from wallets containing between 100 to 10,000 bitcoins. Sometimes, their behavior can determine the price action in the...

Roughly a month after the massive mid-May market crash, when BTC crashed from over $50,000 to $30,000, the general sentiment among traders has normalized to neutral levels. The Fear and Greed index has also returned to a less fearful state. Bitcoin Investors Less Fearful The price of the primary cryptocurrency went through its worst market crash in terms of USD value in mid-May. Negative news coming from Tesla, Elon Musk, more China FUD, and over-leveraged positions...

Bitcoin is up by a total of 20% this week and it’s back at the $40K mark range. Quick recap: BTC bounced from $34,760 on Sunday and surged even more on Monday to break the early June significant highs at $39,500 and even reach resistance at $40,760 (bearish .382 Fib Retracement). The bullish momentum stalled slightly since reaching the resistance at $40,760 but manages to remain above $39,500 (early-June highs) and created a short-term tight trading range. In addition, BTC is...