Tag Archives: Bitcoin (BTC) Price

The world’s richest man, Elon Musk, has put Bitcoin as the only word in his Twitter bio. As a result, the price of bitcoin skyrocketed.Elon Musk, the CEO of Tesla has put Bitcoin as the only word in his Twitter bio.The high-ranked executive also tweeted minutes later that “in retrospect, it was inevitable.”What’s interesting is how this impacted Bitcoin’s price.In less than a few minutes, BTC jumped from a low of around $32,070 to a high of around $37,060 – adding $5,000 to its dollar...

Things change quickly in crypto. Just when it seemed like Bitcoin is losing support and saying goodbye to the $30K range, Bitcoin soared a solid 12% over the past 24 hours as the primary cryptocurrency climbed by almost $4K only today. As of writing these lines, Bitcoin is retesting the critical $34,000 level.However, Bitcoin is now facing crucial resistance at $34K and the upper boundary of the marked triangle, which started forming on January 8, 2021, when Bitocin recorded its current...

Guggenheim Partners CIO Scott Minerd has shared another warning of possible Bitcoin declines. The Wall Street executive predicted a massive correction, dragging the primary cryptocurrency down to $20K. He pointing out that institutional interest is not enough to stabilize BTC above $30K.Institutional Demand is Not EnoughInstitutional interest towards Bitcoin will not be enough for the primary cryptocurrency to keep its head above the $30K price level. In a recent interview with Bloomberg TV,...

Bitcoin has reclaimed the $30,000 price tag after another brief drop beneath it yesterday. Most alternative coins have also bounced off the lows as ETH has neared $1,300, while UNI jumped to a new all-time high.Bitcoin Swings Around The $30KFollowing an unsuccessful attempt to overcome $35,000 earlier this week, bitcoin started to gradually decrease in value. The adverse movements culminated in another price drop beneath the psychological $30,000 level, as CryptoPotato reported...

Although the price of bitcoin fell by over $10,000 since its all-time high of $42,000, historical on-chain data suggests that the asset could still experience a significant increase in the following months.Simultaneously, another indicator implied that BTC’s correction has gone through its most harmful stage and could end soon.BTC’s Correction To Finish Soon?Following a substantial price increase that led to a new all-time high in early January, the primary cryptocurrency hit a wall and...

It’s a bloody day on the markets across the board. Cryptocurrencies experienced substantial losses, while traditional markets also opened in the red, highlighting the current correlation.Bitcoin dipped below $30,000 while the entire capitalization dropped below $900 billion.Cryptocurrency Markets SufferAs CryptoPotato reported earlier today, Bitcoin continued its regress today, sliding by almost 7% at one point. The cryptocurrency dipped to as low as $29,150 on Bitstamp, and even though it...

Bitcoin continues its downtrend movement. Today, the BTC is down almost 7% from the opening price of $32,500, according to Bitstamp. The cryptocurrency failed to close a 4-hour candle above that level yesterday and since then, saw only one direction – down.It eventually plummeted beneath the short-term rising trend line we were tracking over the past few days, which can also be seen as a Head and Shoulders pattern (where the line is served as the neckline). In this case, the target of the...

The “Bitcoin is dead” narrative has received the support of many naysayers and doubters over the years, especially in times when the cryptocurrency’s price has fallen sharply. So far, the hundreds of such assumptions have turned out to be wrong, and recent statistics showed that the number of doubters dropped significantly in 2020, as the asset price exploded to new highs.Bitcoin Obituaries Plummeted In 2020With the emergence of an entirely new investment opportunity called Bitcoin over a...

Bitcoin has been in somewhat of a slump over the past few days as the price doesn’t seem to be able to kick-off and reclaim the previous highs.One possible reason for this could be the fact that bitcoin miners have been realizing profits since the price hit its all-time high at $42,000, according to the CEO of cryptocurrency analytics company CryptoQuant. Data also shows that there are many investors sitting on the sidelines, waiting for a clearer market direction.Bitcoin in a Slump as Price...

Another Black Monday: Bitcoin dropped by a steep 9% after failing to overcome resistance at $34K – $35. As of writing these lines, the drop recorded a daily low at $31,130 earlier this morning, according to Bitstamp.This doesn’t happen for the first time – the primary cryptocurrency found support, provided by a short-term rising trend line that dated back to late-December 2020. Since then, BTC had seen a rebound back to the $32K price area, where it is trading as of writing these lines.So far...