Tag Archives: Bitcoin (BTC) Price

Bitcoin (BTC)Bitcoin is more or less around the price it was traded a week ago, but this comes after a raging week as the coin plunged to a weekly low around $11,100.Shortly before, Bitcoin made another push towards the current high at $12,100 (1.272 Fib Extension), for the second time in 10 days. Unfortunately, BTC was unable to sustain this high.Just one day after, Bitcoin lost almost $1000, however quickly recovered to the support level around $11,400 (.236 Fib Retracement and prior high)....

Bitcoin’s dominance over the market continues to suffer even though BTC has recovered from its dips and trades at $11,750.This is primarily because of numerous impressive alt pumps, including Ethereum, which finally broke above $400 after its significant price surge.Ethereum Over $400, LINK (Another) ATH, Alts RejoiceThe second-largest cryptocurrency by market cap is among the most impressive gainers from the past 24 hours. Ethereum dipped below $380 yesterday, but bulls took control and...

Bitcoin price continues to remain inside the bullish ascending triangle, despite several attempts from bearish traders in the last three days to break through the pattern’s vital up-trending support.On the 4-Hour BTC/USD chart, we can see that bulls have successfully eaten up all 6 of the candles that wicked down beneath the support, but have so far been unable to break back above $11,600.Now, the price action appears to be pushing sideways while both bulls and bears recover.Looking across to...

The correlation between the price of gold, silver, and Bitcoin continues. The three assets are moving in a very similar matter, regardless of the direction. Most recently, all three experienced a decline.According to some analysts, gold’s price could be used as an indicator of Bitcoin’s behavior so long as the correlation remains high.On another note, the similarity in their performance also hints that the cryptocurrency is increasingly seen as a store of value purchase for investors.Bitcoin,...

Bitcoin’s price is now sharply correcting after failing to close above the psychological $12,000 yesterday.In the last 24hrs, $14 billion has been withdrawn from the market as traders react to the double top that’s now appeared on the 4-hour chart. Bitcoin reached $12,100 yesterday and nine days ago, on August 2nd.As of writing these lines, Bitcoin marks $11,270 as the current daily low, while yesterday’s high was roughly at $12,100. Almost $900 price decline.All eyes will now be on the...

Bitcoin price continues to breathe the highs, as the coin is currently trading slightly below $12K, following a few days of consolidation between $11,600 and $11,800.However, over the recent hours, we saw Bitcoin’s second attempt to breach the $12,100 resistance, which is the 2020 high from a week ago (August 2nd).Despite a decent price surge, Bitcoin couldn’t hold more than several hours above the $12K prefix and tumbled to $11,500 before recovering slightly, as of writing these lines.The...

Bitcoin is heading upwards again with another attempt to conquer the $12,000 mark. The altcoin market is also very volatile as Chainlink painted another all-time high.Bitcoin Tries $12KAfter the mostly calm weekend, Bitcoin decided to act and aimed at a familiar target. The primary cryptocurrency went from yesterday’s low at $11,550 to $11,750 in a few hourly candles before surging to $12,050.It has retraced slightly since then and is currently hovering just below the $12,000 mark. So far,...

‘Buy the dip’ is a popular strategy among traders and investors and especially within the cryptocurrency field, especially for Bitcoin trading.As Bitcoin approaches what seems like a begging of another bull-run, and based on the past real bull-run of 2017, buying dips might be a very wise and profitable strategy for trading the current market conditions.What Is Buy The Dip In Bitcoin?The financial markets, especially the cryptocurrency ones, tend to fluctuate in price actions. Even if there’s...

As of the middle of the weekend, Bitcoin continues to fluctuate in a range from $11,400 to $11,800, while most altcoins are trading in green.Yet, Chainlink has attracted another wave of serious interest after an eventful 24 hours and a fresh all-time high painted.Bitcoin and Altcoins In The GreenAfter a sudden dip to $11,200 on Friday, the primary cryptocurrency has managed to regain its composure. The bulls didn’t allow any further declines and pumped the price upwards.Since then, Bitcoin...

The past week was incredible for Bitcoin. During the previous weekend, the primary cryptocurrency saw its price touching above $12K and dumping to $10,500. A loss of $1600 in a matter of minutes.However, throughout the past week, the price slowly recovered towards the $12K mark once again. On Thursday, when it seemed that a new 2020 record is coming up, we warned here following a second failure to break the $12,000 resistance mark.Yesterday Bitcoin plunged to as low as $11,200 (prior...