Tag Archives: Bitcoin (BTC) Price

Trevon James, a former promoter of the famous cryptocurrency Ponzi scheme, BitConnect, made a Bitcoin prediction in 2018, which he must be regretting today. Back in 2018, he said that BTC’s price will be $10 on January 1st, 2020 and that he would eat his own dog’s excrement live on the internet if this is not the case.James To Eat More Than His WordsJames is a notorious YouTuber within the cryptocurrency community, mostly with promoting one of the largest scams in the industry – BitConnect....

Bitcoin marked the end of 2019 at around $7,150, which is a notable increase of over 90% since January 1st.  Looking at the price on a smaller time frame, BTC has decreased by 1% in the last 24 hours and is currently trading at $7,190.Just yesterday, the largest cryptocurrency attempted to break the $7,400 resistance but to no avail. Part of the reason could be related to the CME price gap at around $7,300, and as it often happens, it was filled in less than 24 hours.If BTC is to increase, it...

It’s safe to say that Bitcoin, as well as the entire cryptocurrency market, were in for one wild ride in 2019. This is true in terms of price, but also for new developments, exciting events, important community positions, and so forth. A lot of people believe that 2019 was the preparation year for Bitcoin and other cryptocurrencies – the period during which digital assets could claim a higher ground and be more recognizable, especially for regulators across the world. And this is no doubt the...

With only a few hours left to the start of 2020, a recent market report from Santiment, a platform for accessing cryptocurrency data and insight, revealed that Saturdays proved to be the best days for Bitcoin in 2019 with Fridays being the worst. According to Santiment, they created a backtesting solution to calculate the daily average performance of any cryptocurrency, including Bitcoin, Ether, and other altcoins in the market. Bitcoin (BTC) 2019 Daily TrendFrom the chart above, Bitcoin had...

Just a quick update to yesterday’s extended Bitcoin update: Shortly after reaching the significant resistance of the month-old descending trend-line, as of yesterday, Bitcoin got rejected and rapidly lost momentum.Failing to hold the $7400 and breach the December descending trend-line (marked light green on the following daily chart), had sent Bitcoin below the next support level at $7200. As of writing these lines, Bitcoin is trading slightly above $7200.Part of the reason could be the...

Whenever a year comes to its end, people start reminiscing on the last 365 days, recovering photos and memories, and the same could be expected to happen in the next few days, as this year ends.2019 though, marks another milestone as the whole decade is coming to a close. While some people might start getting back to what happened to them in the last ten years, we will have a look at the leading financial instruments and how they performed in this timeframe.Did you know that if you had...

Over the past three days, despite that most of the traders are off on vacation, we could see a nonsense trading around the $7200 BTC mark.The following daily chart tells the short-term story: throughout the month of December, Bitcoin can’t get over the green resistance line – including the latest tryout two days ago at $7430.From below, despite one fake-out which got quickly corrected, the yellow ascending trend-line is supporting Bitcoin since April 2019. The last attempt of the line took...

From euphoria to depression: The crypto traders thought they are leaving off for Christmas in an optimistic mood; however, Bitcoin had other plans, as of now.Two days ago, following accurately touching the critical resistance level of $7700, which was discussed here many times as the short-term first significant level, the cryptocurrency got poorly rejected.Less than 24 hours, and Bitcoin finds itself seeking support on top of the $7200 horizontal line, along with the mid-term ascending...

The Bitcoin breakout came just hours after our previous price analysis about the fact that BTC is stuck inside a tight range for too long (and it doesn’t like to be in that situation).Those are our words that were written yesterday:“In the micro-level, we can identify a bullish triangle on the 4-hour timeframe; but anything can change. The only thing we predict is a huge move, which is likely to take place in the next 1-2 days.”Bitcoin broke above the bullish triangle at $7200, quickly...

Bitcoin doesn’t like to stay so long at one spot. The more it does remain, the sharper the next move will be.Let’s start from the macro-level: the last Wednesday saw Bitcoin’s huge price move of about a $1000 gain in just 12 hours – surging from below $6500 straight into the $7400 resistance (the marked MA-100 on the 4-hour chart).A price drop followed this major move down to $7000, and then a stabilization inside a tight range, like Bitcoin was used to do in the past month.This time the...