Tag Archives: Bitcoin (BTC) Price

The price of Bitcoin took a tumble today after dropping by almost 25% in the past 24-hours alone, and almost 30% from the ATH that was set last Friday at $42K.Over the past 14 hours, Bitcoin dropped by a total of $7,400 after following a breakdown of the marked descending triangle (4-hour chart), which has been predicted in our yesterday’s analysis. Bitcoin dropped severely to $30,700 as the current low, according to Bitsamp.Typically, this type of pullback is necessary after the parabolic...

Scott Minerd, the CIO of the Wall Street behemoth Guggenheim Partners that recently decided to allocate funds in BTC, said that bitcoin’s recent price increase was unsustainable in the short term.Furthermore, he advised that it was time to take some money off the table, but speculations arose if this is part of Minerd’s master plan to buy BTC at a lower price.Guggenheim CIO Warns Of Unsustainable BTC RunThe Chief Investment Officer of Guggenheim Partners took it to Twitter to assert that...

It seems that the long-anticipated cryptocurrency correction has finally materialized as over $200 billion vanished from the market cap. Bitcoin plummeted to below $33,000, while most alternative coins have it even worse with massive double-digit price drops.Bitcoin Loses $9K In A DayAfter a highly volatile and positive first ten days of the new year, in which BTC broke above $40,000 for the first time and charted an all-time high of $42,000, the cryptocurrency headed south.During the...

The past 12 hours have been rather tense on the cryptocurrency market. Bitcoin, as well as other cryptocurrencies, went through a massive correction, resulting in almost $1.3 billion liquidations in 12 hours.This morning, Bitcoin was trading at over $41,000, even though it was seemingly trapped in a range between $39,600 and $41,500 for more than a day without any decisive moves in any direction.However, it all began a little more than 15 hours ago when the price tanked from $41,000 to about...

The number of bitcoins stored on cryptocurrency exchanges has been gradually decreasing while the number of BTC whales keeps increases. Having also in mind the aftermath of the halving and institutions purchasing massive quantities of the asset, it could lead to a significant liquidity crisis.Bitcoin Whales Behavior And BTC On ExchangesData from the monitoring resource CryptoQuant informs that the number of bitcoins kept on crypto exchanges has been continuously dropping for nearly a year.As...

After setting the current all-time high level at $42,000, according to Bitstamp, Bitcoin price saw a retracement to the $38K – $39K area followed by a quick recovery back above $40K over the weekend.However, despite reaching $41K earlier today, Bitcoin had plunged to a current low of $38,555 (Bitstamp) before recovering slightly to where it is trading right now – $39,500.Looking at the bigger picture and as shown on the following 4-hour chart, Bitcoin had broken below the rising channel and...

It has taken roughly seven years, but one of Cameron Winklevoss’ bitcoin price predictions has materialized. Back in 2013, the Gemini co-founder and long-term BTC supporter said that the cryptocurrency will reach a price tag of $40,000 faster than anyone imagines.2013 Winklevoss Prediction Comes TrueBack in December 2013, Cameron Winklevoss, previously known for his involvement in Facebook, provided what seemed like a wildly optimistic and perhaps outrageous bitcoin price prediction.At the...

It has been less than three years since one of the most celebrated traditional investors, Warren Buffett, famously called bitcoin “rat poison squared.” While he envisioned the cryptocurrency’s demise at the time, BTC has so far survived, surged by over 300%, and its market capitalization has surpassed that of Buffett’s company – Berkshire Hathaway.The Rat Poison That Ate Buffett’s CompanyThe year was 2018, bitcoin had just started to cool off after its parabolic price increase that led to...

Social Capital CEO Chamath Palihapitiya sees bitcoin eventually expanding into a six-digit price territory. The former Facebook executive also doubled-down on his belief that BTC is an insurance policy that will thrive in the current times of economic uncertainty, but it will grow to something “much more important.”$200K Per Bitcoin; PalihapitiyaThe founder of the venture capital firm Social Capital has been a long time bitcoin supporter. He admitted last year that his first BTC purchase came...

Following another all-time high and a wildly volatile day, bitcoin has retraced slightly and calmed around the $40,000 price mark. Most large-cap alternative coins have also lost some steam, but some lower- and mid-cap ones have skyrocketed in the past 24 hours.Bitcoin Stalls Beneath $40KThe past several days have been quite bullish for the cryptocurrency. After it dipped briefly beneath $28,000 on Monday, bitcoin went on a roll. It reclaimed the $30,000 tag almost immediately and continued...