Tag Archives: Bitcoin (BTC) Price

Before the weekend, we saw Bitcoin trading safely and easily on its way to $10,000. However, on our recent analysis two days ago, we had pointed out on some indicators that might put some bearish pressure on the cryptocurrency.Since then, we saw a correction of almost $300 down to a current daily low of $9130 (Bitstamp rate). On the bigger time-frame, in case this correction doesn’t go lower, it seems very healthy for the short-term since this level is a little above the 38.2% Fibonacci...

One of the most awaited events in the cryptocurrency space, the Bitcoin Halving, is estimated to take place about 100 days from today.On this day, the reward that miners get from adding blocks to the network will be slashed in half: from 12.5 BTC per block, as of today and the recent four years, to 6.25 BTC per block. It will also reduce Bitcoin’s pre-set inflation rate from the current 3.68% to about 1.8%.Even though the date of the Bitcoin Halving could range depending on the network’s hash...

Since Bitcoin broke firmly above the $9K price line last Tuesday, we saw the coin consolidating mostly inside the range of $9300 – $9400.The beautiful thing about Bitcoin is that its volatility will ever stay. It doesn’t really matter whether Bitcoin price is trading for $10, $100, or $9000.Yesterday we saw another volatile move a-la Bitcoin: in under 30 minutes, we saw Bitcoin dropping from $9450 to $9000, only to mark a new yearly high at $9570 not so long after.The day traders who had kept...

BitcoinBitcoin saw a further 10% price surge over the past week as the number 1 ranked cryptocurrency breaks above the $9,000 level. It had found major support at $8,255 (short term .382 Fib Retracement), which allowed it to rebound and climb. Bitcoin went on to rise into resistance provided by the November high at $9,430 before stalling. If the buyers continue to drive Bitcoin higher, the first level of resistance is located at $9,476 (1.618 Fib Extension). Above this, resistance lies at...

Bitcoin’s 2020 positive price movement will continue, according to the Managing Partner at Fundstrat Global Advisors, Tom Lee. He believes that both the fundamentals and the technical aspects of the largest cryptocurrency are intact to deliver excellent results throughout the whole year.Bitcoin Enters A Bull RunBitcoin has recorded a seriously impressive month, starting at around $7,200 and jumping with 30% to the current level of about $9,400. This is the second-best January in its history,...

2020 has so far been an exciting and profitable year for Bitcoin. Since the early days of January, the cryptocurrency has managed to increase its value by almost 40%. This is a spectacular performance for any asset, even more so within traditional markets.BTC/USD January. Source: TradingViewIn the past 24 hours alone, Bitcoin is up more than 3%, looking primed to start testing the resistance line at around $9,400.With so much going on in terms of price action, it’s perhaps interesting to...

Over the past days, following a decent start to the new decade, we had seen Bitcoin correcting nicely and healthily into the 38.2% Fibonacci level at $8300.Immediately after that, Bitcoin fired its engines and in just three consecutive days, the primary cryptocurrency had gained over $1200 (!), which is more than 15% to its value.Surprisingly, the altcoins are not crashing. Thus, we can conclude that new money is getting into the market and not changing hands, from Altcoins to Bitcoin and...

An interesting poll on Twitter revealed that if Bitcoin’s price reached $100,000, most people would prefer to sell either all or some of their holdings for fiat. A comparison with another poll, however, shows an exciting consistency with what Bitcoin holders supposedly intend to do.Majority Will Sell If Bitcoin Price Reaches $100,000One of the most important decisions that an investor has to do is to come up with an exit strategy. In other words, they need to have a clear picture in mind as...

Bitcoin’s price just crossed the $9,000 mark. The halving, which is arguably one of the most anticipated events in the cryptocurrency space in 2020, is just months away. Still, there is no real coverage on behalf of mainstream media, unlike what happened toward the end of 2017 when Bitcoin was charting daily surges, and traditional outlets were battling to report on it. This raises the question of what would happen if the attention from the 2017 parabolic price increase returns?Bitcoin Now...

One of the most concerning and substantial pieces of news early in 2020 came from China. The country saw the outbreak of a new coronavirus in mid-January in the Chinese city of Wuhan.Supposedly originating in a local food market in the city, the virus now spreads over a broader territory while the number of diseased has grown to upwards of 3,000. In a bid to contain the deadly virus, Chinese authorities moved to lock down three cities with a combined population of more than 18 million...