Tag Archives: Bitcoin (BTC) Price

BitcoinBitcoin saw a 3% decrease over the last week of trading as it drops into the $9,445 level. The coin started the week battling the $9,815 level as it proceeded higher to reach $10,000. Unfortunately, BTC was unable to capitalize above $10,000 and dropped by a steep 7% yesterday.Luckily, it found support at a rising trend line, which has kept the bullish trend intact for now.Looking ahead, if the buyers push higher, resistance lies at $9,815 and $10,000. Above this, added resistance is...

Yesterday was a painful day for both cryptocurrency and stock investors as the prices tumbled in a similar manner.As CryptoPotato reported, the Dow Jones, S&P 500, and Nasdaq 100 lost sizeable chunks of their value of around 5%, and so did Bitcoin. This invalidated the narrative for the decoupling of crypto from traditional stock markets.There was one asset, however, that remained stable and seemingly unfazed by the market crash. Gold remained stable, completely uncorrelated with both...

Recap of June 11, 2020: Bitcoin price touched nearly $10K as the daily high, and just a few hours later, the price plunged to almost $9K ($9078 on Bitstamp) as the daily low.In our previous price analysis reports from the past days, we anticipated a huge move. This is from yesterday’s analysis: “Bitcoin’s mid-term symmetrical triangle is coming to its apex, and a decision is soon to be made.”As Bitcoin couldn’t breach the $10,000 for maybe the sixth attempt since May 7, and together with the...

Global stock markets are tumbling today as fears of a second coronavirus (COVID-19) wave grow stronger. Reports have it that there’s a rising trend of new cases in the US and across the world, and this has evidently taken its toll on the economy as well.Equities Tumble Amid Fears of Coronavirus ReignitionThe World Health Organization announced that the coronavirus pandemic is worsening across the globe. The number of new cases continues to spiral on and even reached a new all-time high.It...

The world’s leading cryptocurrency exchange, Binance, has launched its very first futures contract with a quarterly expiration date. The contract is already available in its derivatives trading interface – Binance Futures.BTC/USD Quarterly Futures Contract on BinanceBinance has officially launched its very first cryptocurrency futures contract that has a preset expiration date. It’s a quarterly BTCUSD futures contract that traders can engage with a leverage of up to 125x.The new contract is...

Yesterday, Bitcoin closed another weekly candle – the first week of June. During the past week, the price had gone through extreme volatility ($9100 – $10,500); however, there is good and bad news following the weekly close.The good news is that the weekly candle ended green while holding the long-term support at the ascending line started forming in January 2015. The weekly low was $9135 on Bitstamp, as seen on the following chart.The bad news is that the weekly candle could not close above...

The most widely used US-based cryptocurrency exchange Coinbase went down during Bitcoin’s latest surge above the $10,000 mark. After a few days of discontent from the community, the company recently published a statement claiming that the unusually high traffic prompted technical difficulties. Traffic Brings Down Coinbase As CryptoPotato reported recently, the US-based exchange went offline for nearly an hour when Bitcoin conquered the coveted $10k level. Unfortunately for Coinbase, this was...

According to an analysis by the popular blockchain data company Glassnode, Bitcoin miners are selling a lot less at the current price rate. While this might look like a positive sign at a glance, it might also suggest that the current rate simply doesn’t satisfy their profitability criteria.Bitcoin Miners Selling LessData from the well-known cryptocurrency monitoring resource Glassnode reveals that Bitcoin miners have been selling substantially less BTC at the current rates.In fact, after the...

June started very violently for Bitcoin. On the first day of the month of June, the primary cryptocurrency recorded a 3-month high after touching the $10,500 resistance mark.However, the drop was even quicker, as Bitcoin price saw a free-fall to $9135 on Bitstamp, and even lower on BitMEX exchange.Over the past days, the volatility had decreased, along with the declining amount of trading volume. Keeping in mind also the RSI indicator, which is also indecisive around the 50-neutral area.All...

BitcoinBitcoin may have only seen a small 2.5% price surge over the last week of trading, but it was action-packed. On Monday, it surged from $9,426 and managed to rise as high as $10,430 to re-test the 2020 high.Unfortunately, it was unable to keep itself above $10,000 and dropped lower during the week to land at the $9,426 support. It has since bounced higher as it trades at $9,668.Looking ahead, if the buyers continue, the first level of resistance to overcome lies at $9,815. This is...