Tag Archives: Bitcoin (BTC) Price

And the volatility continues: The past three weeks for Bitcoin’s price were very volatile. While the coin reached its new year’s high at $10,500, the fluctuations to both sides refuse to calm down over the past days.On our recent Bitcoin price analysis, we mentioned that Bitcoin was surging $300 intraday (towards the $10,000) and that this, in high chance, also could turn into a temp correction before discovering new lows.Unfortunately to the bulls, and following the massive global markets...

Tyler Winklevoss, Co-Founder, and CEO of Gemini regretted spending over 300 BTC in 2014 for a ticket to space. With Bitcoin’s price at $800 at the time, the ticket was worth around $250,000 from Sir Richard Branson’s Virgin Galactic.As the price of the largest cryptocurrency has surged since then, Winklevoss referred to his move “a Bitcoin pizza moment.”The Most Expensive Ticket To SpaceVirgin Galactic is a company specializing in commercial spaceflights within the Virgin Group, founded by...

Traditional financial markets are plunging today amid fears of the spreading coronavirus. While indices and stocks tumble across the globe, gold is increasing as investors turn to it as a safe haven. It reached its highest point since 2013. Amid this uncertainty, it’s interesting to see where Bitcoin’s price will go next.Stock Markets PlummetThe coronavirus outbreak continues to expand with almost 79,000 confirmed cases globally. The death toll has risen to over 2,450, and 23 are outside of...

Following the huge price dump last Wednesday, we saw Bitcoin trading in the tight range between $9550 and $9750 until a few hours ago, where the primary cryptocurrency had decided to fire some engines towards a critical resistance level.As of writing these lines, Bitcoin is testing the $9900 – $10,000 resistance. As mentioned in our previous analysis, the $9900 horizontal resistance is also the Golden Fib retracement level (61.8%, lies at $9922). As can be seen on the following daily chart,...

BitcoinBitcoin witnessed a turbulent week after dropping by a total of 5.5% to bring the cryptocurrency back beneath $10,000. During the sell-off, Bitcoin fell beneath the previous rising price channel but has managed to rebound at support at $9,552, provided by a short term .236 Fib Retracement.Looking ahead, if the buyers push higher, resistance lies at $9,800 and $10,000. Above this, strong resistance is expected at $10,430 (2020 high) and $10,700 (1.414 Fib Extension). On the other side,...

Bitcoin, just like Bitcoin, is sometimes having wild moves that are unexpected. As we mentioned in our recent price analysis, the last week was very volatile and abnormal for BTC.After breaking the bullish uptrend, followed by 38.2% corrections, we started to witness the abnormal behavior: Bitcoin dropped down almost to $9400 before a pump to $10,300, which had quickly turned into a classic Bull-trap.On the lower timeframe – the 4-hour chart, we can see Bitcoin forming a double-top (which is...

Since the new decade had started, Bitcoin is showing bullishness. The cryptocurrency started 2020 below $6800 and skyrocketed to $10,500 just days ago.However, Bitcoin gave us another reminder of its cruel volatility. After reaching almost $10,300 as of yesterday’s high, just as Europeans went to sleep, Bitcoin started its show. In a little more than 50 minutes, Bitcoin dropped to as low as $9,264 on BitMEX. The mega-dip was concentrated into five devastating minutes, during which Bitcoin...

Interest rates across the globe are going to zero, and it’s bullish for Bitcoin, according to Morgan Creek Capital Management Founder and CEO, Mark Yusko. He also noted that the recent price drop should not bother investors, and they should focus on purchasing more.Zero Interest Rates Good For BitcoinYusko recently spoke in a CNBC interview regarding the cryptocurrency market, and Bitcoin in particular. He strongly believes the largest digital asset will continue increasing its value in...

Following Bitcoin’s relative stability around the $10,200 price mark, the cryptocurrency had suddenly crashed to $9,200 in a matter of just 50 minutes. This sudden crash comes a day after Bitcoin was making an impressive increase of $700, ranging from $9600 to almost $10,300.Today, shortly before 22:00 UTC, Bitcoin had lost almost $1,000 of its value in a matter of 50 minutes. The primary cryptocurrency had flash-crashed to a current low of $9264 on BitMEX, before partly recovering to where...

Tether, the company behind the most widely-used stablecoin, has minted over $60 million worth of USDT. It’s interesting to see if this will have any positive impact on Bitcoin’s price, given the fact that the infusion comes right after BTC surged upwards of $700 in 24 hours.60,000,000 New USDT MintedEarlier today, the popular monitoring resource Whale Alert published the transaction. It states that 60 million new USDT were minted on the Ethereum blockchain. All of the new coins have been sent...