Tag Archives: Bitcoin (BTC) Price

This past week was a blessing for the price of Bitcoin. The primary cryptocurrency was trading around $7500 just a week ago, while the highest of the past week reached over $9400.Only ten days left until the anticipated Bitcoin halving event, and so far, it seems like BTC fires its engines. As of writing these lines, the coin is safely maintaining the $8800 price zone.If we look at the macro level, since breaking out from the $7800 – $8000 region, a zone which was consisted of some...

Bitcoin’s halving is right around the corner. It will slash the block reward miners get from minting new bitcoins in half and potentially reduce the supply of the cryptocurrency on the market. Historically, this has been a major bullish catalyst for Bitcoin as its price has so far increased substantially after the two previous halvings.The last couple of days have been nothing but impressive for the leading cryptocurrency as it managed to touch $9,500 before retracing to where it currently...

Bitcoin’s price increased substantially over the past few days, breaking a lot of important resistance levels on its way up. The cryptocurrency touched $9,500 but has since retraced to its current trading price at around $8,900.In any case, this staged it for a full recovery from the mid-March selloff while equity markets are yet to regain their strength.Bitcoin Decoupling From Equities And GoldThe past couple of days have been nothing but interesting for Bitcoin as its price marked yet...

Popular gold proponent and well-known Bitcoin critic, Peter Schiff, said that the latest rally of the cryptocurrency was caused by nothing but speculation. Despite the common comparison that a lot of people are drawing between Bitcoin and gold, the economist said that they have nothing in common.Peter Schiff Does It AgainIt’s safe to say that Bitcoin had a fantastic day yesterday as the cryptocurrency touched $9,500 before retracing to its current levels of trading. With this, it managed to...

The latest positive price developments in the cryptocurrency scene have helped Bitcoin to reclaim its position as the best performing asset in 2020. BTC is currently beating the S&P 500 index, US 10 year treasury bonds, and even gold.BTC’s Recent Price Jump2020 has been nothing but volatile for the cryptocurrency market. Looking at Bitcoin, for instance, it started the year at approximately $7,100, surged to above $10,000 in mid-February, before plunging hard to $3,700 amid the spread of...

The last day will not surprise those who are following CryptoPotato since 2016, or those of you who had witnessed at least one real Bitcoin bull-run.When the primary currency decides to turn on its engines – it does it faster than any other asset existing on Earth, or on the blockchain. Bitcoin is now fully recovered from the COVID-19 damage, long before the stock markets.This is the advantage of being a free market’s asset. The same advantage that caused Bitcoin to sink over 50% on March 12...

For those of you who are trading crypto for a few years, it will not be a surprise. While Bitcoin saw its worst day during March 12, 2020, resulting in more than 50% intra-day loss, it felt like a matter of time until Bitcoin will make its pave back to $8K – the price it was at before the collapse.Just an hour ago, Bitcoin did it: It took a little more than 1.5 months, but Bitcoin captured the $8,000 once again. 120% ROI.As we have seen in our previous price analysis, the bullish momentum was...

Bitcoin’s stock-to-flow (S2F) model has become one of the most popular formulas based on monthly S2F and price data. It activated various analysts across the world as many have verified the actual relationship between Bitcoin’s price and its stock-to-flow ratio.Now, the analyst who originally came up with it has presented a new model that puts Bitcoin’s price at $288,000 by 2024.The Original Stock to Flow ModelAs CryptoPotato reported last year, a popular analyst PlanB came up with a detailed...

A recent report by Bloomberg says it might be time for a 2017-like bull run for Bitcoin. According to the document, interest in BTC is increasing while the market is maturing in time for the 2020 Halving, winking at the previous event of the kind that took place in 2016.Becoming The Digital Gold, After a High-Five With The Precious MetalIt might be the digital currency’s ready-get set-go for a bullish run, the report predicts. It emphasizes that BTC probably has what it takes to become “the...

Bitcoin starts the week following a bullish weekend. Just as anticipated, Bitcoin broke above the $7600 to a new price high since the devastating collapse on March 12. As of writing these lines, Bitcoin marks $7800 (Bitstamp) as the new high.Following our previous BTC analysis from Saturday, we can see that Bitcoin broke above the 4-hour chart’s marked triangle (at $7600) and quickly reached the prior high of $7750, and even created a fresh high.The bullish momentum is seeing back-winds from...