Tag Archives: Bitcoin (BTC) Price

Bitcoin is on course to reach and possibly break its all-time high level of $20,000 by the end of the year, says Bloomberg’s latest report.It adds that BTC has matured as an asset in the past several months, which is supported by the increasing number of similarities with gold and its performance during the price drops prompted by the COVID-19 pandemic.BTC: $20,000 And Beyond This Year?“Something needs to go really wrong for Bitcoin to Not appreciate,” emphatically starts the report.By...

This week had been quite volatile, even for Bitcoin. After the primary cryptocurrency broke-up to the 2020 highs near $10.5K, followed by a quicker drop back below the same critical trend-line, BTC is left now at the same levels it was trading at for the majority of the past week.The bottom line is that Bitcoin has hard times dealing with the descending trend-line as can be seen on both charts below – the daily and the 4-hour chart.This trend-line was started forming a month ago when Bitcoin...

The inflow of Bitcoin to cryptocurrency exchanges more than quadrupled on June 2, when the Bitcoin price crossed above the $10,000 price range for the first time since February.Bitcoin Holders Trying to Sell at $10,000?Data courtesy of Glassnode reveals a sharp spike in the volume of Bitcoin transferred to exchanges during BTC’s rise to $10,000. Binance was the favored destination for most of the Bitcoin deposits, as seen on the graph below.Bitcoin inflow to major cryptocurrency exchanges...

Aggregated information from the most popular cryptocurrency exchanges reveals that roughly $449 million worth of BTC was liquidated during yesterday’s price crash. Bitcoin reached as low as $8,600 on BitMEX.$449 Million LiquidatedData from the volume monitoring resource Bybt reveals that roughly around $449 million (at the time of this writing) worth of Bitcoin was liquidated during yesterday’s price crash. This happened in the past 24 hours, and it doesn’t account for the short positions...

Co-Founder and CEO of Blockstream Adam Back believes that Bitcoin could reach $300,000 in five years due to the current economic situation worldwide. In an interview, he also refuted the recent claims that he is the mysterious person behind BTC – Satoshi Nakamoto.Bitcoin To $300,000 By 2025?In his recent interview with Bloomberg, the popular cryptocurrency proponent admitted that he is mining bitcoins, but he’s not selling them. The reason why Back is not disposing of his coins could be...

The celebration of Bitcoin bulls for bringing the price above $10,000 was nothing but shortlived as the leading cryptocurrency collapsed to $8,500 in less than five minutes.Bitcoin Nosedives to $8,600 on BitMEXThose who have been involved in the cryptocurrency field long enough probably know that there’s rarely a dull day with Bitcoin.In today’s early hours, the leading cryptocurrency broke the coveted $10,000 level to reach as high as $10,500, shattering essential resistance levels on the...

Recent data revealed that the number of Tether (USDT) transfers to cryptocurrency exchanges had reached an all-time high. Interestingly, this preceded the latest price increases within the cryptocurrency market.USDT Goes To ExchangesAccording to the data provided from the monitoring resource company, GlassNode, the number of Tether transfers to exchanges has been surging in the past few weeks. The deposits, measured by a 7-day simple moving average (SMA), recently reached a fresh ATH.Number...

Cryptocurrency analyst and creator of Bitcoin’s stock-to-flow model, PlanB, recently noted that an indicator that historically precedes bullish momentum according to his model has now flashed. Per his initial prediction, the asset is targeting a total market cap of $1 trillion in the next few years.Bitcoin’s S2F ModelThe stock-to-flow model became an instant favorite among Bitcoin investors, mainly because of the optimistic forecast it makes. Namely, PlanB’s model suggests that the asset will...

Over the past days, the Bitcoin price is seeing only one direction, which is in favor of the Bulls. The coin that was trading for $8600 just five days ago is now aiming to re-target the $10K mark. However, will it be so easy?On our most recent BTC analysis from Friday, we pointed out a critical descending trend-line, which started forming once Bitcoin reached the $10K mark for the first time this month (May 7).On both the 4-hour and the following daily chart, you can see this line marked by...

The University of Sussex recently published a paper regarding the performance of Bitcoin and gold during the COVID-19 pandemic. The research team behind the project believes that both assets failed to serve as safe-havens, primarily because of significant market manipulations.Bitcoin And Gold Failed In The 2020 Crisis?The sudden outbreak of the COVID-19 pandemic earlier this year prompted numerous disturbances in everyday life and in financial markets. March alone was among the worst trading...