Tag Archives: Bitcoin (BTC) Price

This is going to be a quick update following our latest Bitcoin price analysis from yesterday.As mentioned yesterday, since the year of 2020 begun, Bitcoin price had gone through three mini-rallies. All those rallies corrected back to the Fibonacci retracement level of 38.2% (a clear sign of bullish uptrend).The last of the three rallies ended yesterday, while Bitcoin corrected to $9,750 (which is the 38.2% Fib level).We stated in our analysis that in the case Bitcoin maintains that level –...

Good things don’t come up so quickly. This is what happened with Bitcoin, following the first time in four months that the coin had crossed the $10,000 mark.Two days ago, following the 10K break, we saw it rising a bit more but getting rejected before the next critical resistance price level at $10,300 – $10,400.The positive is that everything is healthy so far. Looking at the following daily chart since the beginning of 2020, you can see three mini-rallies (including the most recent one from...

Fundstar Global Advisors Managing Partner, Tom Lee, continued with his positive predictions regarding the price of the largest digital asset. In a recent interview, he said that Bitcoin will reach $40,000 before the popular stock market index, the Dow Jones Industrial Average (DJI), gets to 40,000.Bitcoin Price To $40,000Lee is among the most vocal Bitcoin proponents and has regularly made positive price predictions. Speaking on CNBC’s Power Lunch, Lee reiterated on the current bullish...

The coronavirus which started from Wuhan, China, earlier in January, shows no signs of slowing down. With over 910 people dead already, countries across the world are taking measures. The UK has officially declared it an “imminent” threat. Asian and European stocks continue to feel the pressure as they struggle into the weekly opening. At the same time, Bitcoin’s price dipped today, though most analysts are on par with it being nothing but a healthy correction after a notable...

Bitcoin’s positive price movement continued over the weekend, and it surpassed the coveted $10,000. Today, however, the largest cryptocurrency recorded a notable drop of over $500 in a few hours, which also filled the CME closing gap from Friday.Bitcoin Drops With $500Bitcoin has been on quite the run lately. For the first time since October last year, it went above $10,000. However, the price of the largest digital asset took a serious dive of over $500 in just a few hours.The dip aligned...

The Bitcoin Halving will take place in May, and its impact raises several valid questions. One of them concerns miners since the block reward will be cut in half, and the hash rate continues accelerating.New research by a popular provider of institutional trading tools indicates that Bitcoin’s price has to increase with up to 50% from current levels to remain profitable for miners.Bitcoin Hash Rate and Halving EffectBitcoin’s hash rate is a good indicator of the network’s health. The higher...

BitcoinBitcoin saw a 5% price rise over the past 7 days of trading as the cryptocurrency rebounds from support at $9,145 to meet resistance at around $9,815. With the 30-day 21% bullish surge, Bitcoin can be expected to break $10,000 pretty soon. Other cryptocurrencies are outpacing Bitcoin. However, this does not mean it cannot continue above $10,000.Once the bulls break $9,815, the next level of resistance lies at $10,000. Beyond this, higher resistance lies at $10,200, $10,430, and $10,707...

Two days ago, our latest edition of Bitcoin price analysis had the promising title – “The calm before the storm.”Yesterday we saw what a Bitcoin storm looks like: After recording a daily low at $9142 (Bitstamp), the coin had massively broken out from our mentioned Bull-Flag (at ~$9200), and from there, we witnessed the explosion.Bitcoin price rallied up to the next resistance of $9700 – $9800, recording $9775 (Bitstamp) as the new 2020 high, as of writing these lines.On the following 4-hour...

Bitcoin has marked yet another particularly turbulent day of trading, charting increases of up to 7% in the past 24 hours. This caused the cryptocurrency to spike to a new high for 2020, lining up the question if $10,000 is the next target.Bitcoin Price Skyrockets 7% On The DayIf one thing is certain for 2020, it’s that there is no boring day in the cryptocurrency market. In the past 24 hours, Bitcoin’s price surged above the previous yearly high to reach prices that were last seen back in...

Most of the altcoins are trading in the green over the past 24 hours. Bitcoin, on the other hand, remains somewhat stagnant at around $9,200. Consequently, BTC’s dominance dropped to 64.5%, which is the lowest it has been since July 2019.Altcoins Compared To Bitcoin. Source: coin360.comThe sentiment within the community is shifting quickly, hinting at a possible new altcoin season. This was reaffirmed yesterday with two polls indicating that 50% of cryptocurrency traders hold mainly...