Tag Archives: Bitcoin (BTC) Price

The most anticipated event in the cryptocurrency community has finally occurred as the Bitcoin network just produced block number 630,000.The Bitcoin halving will reduce the daily supply, the inflation rate, and the block rewards for miners. It has also raised serious discussions around the price of BTC.2020 Halving CompletedAfter months of increased discussions and speculation, the third-ever Bitcoin halving just took place at block number 630,000.Naturally, it brings a significant amount of...

Bitcoin’s volatility is breaking records, as the primary cryptocurrency approaches its third halving in a few hours.After yesterday 20% plunge to $8K, Bitcoin had recovered more than halfway. As of writing these lines, Bitcoin is trading around the $9000 mark.As we stated here on yesterday’s BTC analysis, the violent plunge that took place on Sunday found strong support at the $8K price zone, which includes the 200 and the 100 days moving average lines, along with the ascending trend-line...

With only two days left to the third halving, severe levels of volatility reached the cryptocurrency market, and Bitcoin plunged by 20% in a matter of hours.Similar price developments transpired back in July 2016 when, again, two days before the second halving, BTC dropped by 11%.History On Track In 2016 and 2020As CryptoPotato reported earlier today, the primary cryptocurrency, and most of the market, nosedived. After the recent impressive surge and touching the psychological level of...

This was one of the worst days for Bitcoin’s price over the past years. Starting yesterday just one step away from the $10K mark, Bitcoin saw an intraday crash to below $8000, before a slight recovery.At some point, the daily candle reached almost 20% in the negative. Anyone who knows Bitcoin can’t say it’s out of the blue. However, as we get close to the halving, such a massive decrease can trigger a larger panic-sell. We had seen already what weak hands could do only two months ago on March...

Bitcoin crashed 10% in 30 minutes, and almost 20% over the past hours, plunging below $8000 on some exchanges. Just two days before the anticipated Bitcoin halving event and no more than 48 hours after touching the $10K mark, a classic “sell the news” dump had initiated.As of writing these lines, the price of Bitcoin corrected a bit and currently trading around $8500, which is a 12% drop over the past 24 hours. While Bitcoin’s current daily low on Bitstamp was $8117, Binance Futures platform...

Bitcoin is currently down by 1.5% after a surging to $10,000 mark on Thursday, but a rebound could be underway.The primary cryptocurrency is looking for a substantial rebound level around $9,400Key Resistance Levels: $9,800, $10,000, $10,475, $10,970Key Support Levels: $9,450, $9,100, $9,000, $8,500BTC/USD 1D. Source: TradingViewBitcoin’s recovery from the March crash (to $3800) is quite notable, and it’s safe to say that the bulls are technically back in the market. The fundamental part of...

The majority of Bitcoin holdings are currently in a profitable position following the recent rally of the largest cryptocurrency by market capitalization, data from on-chain data provider Glassnode shows. The UTXO Realized Price Distribution (URPD) metric from the data firm puts the proportion of the moneymaking Bitcoin at 81%.What Is UTXO Realized Price Distribution and Why Does It Matter?UXTO is short for unspent transaction output. It can be simply related to the change you receive when...

Only four days left until the Bitcoin halving event. This by itself could have been enough to fuel the primary cryptocurrency beyond the $10,000 mark.Maybe it happened faster than expected, Bitcoin just reached the 5-digit mark for the first time since February 24, 2020.As of writing these lines, BTC completes an incredible 35% price increase over the past ten days. Who could believe that less than two months ago, one Bitcoin traded for $3,600? Those who bought the dip can now celebrate...

Millions of US citizens received a stimulus check worth $1,200 in the last few weeks as government aid to fight the effects prompted by the COVID-19. Interestingly, if that amount was invested in Bitcoin when the first checks were initially received, it would have grown to $1,600 by now.$1,200 Becomes $1,600 In WeeksAccording to a report, 88.1 million people received a stimulus check wroth $1,200 by April 25th. The first batch was mailed in mid-April, and many people noted they had received...

As we are getting closer to the halving event, Bitcoin is likely to mark its third consecutive green day, where the primary cryptocurrency had increased more than $1000 over the past four days. As of writing these lines, it seems like $10K will come in a matter of hours.If you had followed our price analysis from yesterday, we had mentioned a symmetrical triangle formation on Bitcoin’s 4-hour chart, and also stated that the triangle is likely to break out in the next few hours.As can be seen...