Tag Archives: Bitcoin (BTC) Price

The cryptocurrency market, being a relatively young and small one, is frequently affected by external forces. Sometimes, one of those factors could sound a bit strange on the surface, but it could deliver a severe impact. It’s the Chinese New Year.The Holiday is taking place during the next weekend, between January 25th (Saturday) and 27th (Monday), a quick look at the Bitcoin’s longer-term price chart can reveal this occasion had a tremendous Bearish effect on the price of Bitcoin over the...

Today we got another reminder that volatility is working both ways.Bitcoin has fabulous times since entering the new decade. However, when we see such a parabolic move to the upside, we can expect volatile moves to the other side, as well.Just yesterday, we mentioned Bitcoin price reaching its first major test – the 200-days moving average line (marked light green on the following chart). Many analysts see this tough resistance as the barrier between Bear and Bull markets.Today, Bitcoin...

Over the past two days, we saw Bitcoin reaching the $9000 zone, quickly getting rejected, and now Bitcoin is once again a touch away from 2020 high.Two bullish signs to keep an eye on is the fact that Bitcoin corrected accurately into the 38.2% Fibonacci retracement level – which is considered a healthy correction of a rising trend. The second fact is the fact that the coin is forming an ascending channel (marked on the following 4-hour chart).On the other hand, this channel can easily...

Bitcoin saw a serious 12% price increase this week, allowing the cryptocurrency to rises toward the $8,800 level. BTC actually managed to rise into the $9,000 resistance level today but has since rolled over and fallen slightly. The latest price increase saw Bitcoin rising well above the 200-days EMA as it approached resistance at $8,960 (provided by a bearish .786 Fibonacci Retracement level). This price surge puts Bitcoin on a strong bullish footing as the cryptocurrency gears itself to...

2020 has so far been particularly positive for Bitcoin and the rest of the cryptocurrency market. Starting the year at around $7,100, BTC currently trades at almost $9,000, charting notable increases throughout the entire week. In the past 24 hours alone, Bitcoin gained another 3% to its value, increasing from around $8,650 to about $9,000 from where it retraced a bit and it currently trades at $8,900. BTC/USD. Source: TradingViewBitcoin’s total market capitalization has increased to $162...

Since breaking the $8600 resistance two days ago, Bitcoin had continued its surge directly to the upper ascending line, the one that is marked on our following 4-hour chart.It looks like Bitcoin’s rally got a (temp?) ‘roof’ at that ascending trend-line. Why a temp roof? If Bitcoin would like to reach new highs, it’s advisable to do it slowly with corrections and not just a parabolic race (as we had seen during last June).Besides, As shown on the 4-hour chart, the correction we see so far...

The majority of voters in a recent poll think that Bitcoin will surpass its all-time high of $20,000 in 2020. This comes just one day after an impressive price surge of almost 8%, confirming the generally positive sentiment in the community.2020 – A New BTC ATH?The cryptocurrency market experienced a serious price increase yesterday, as the total market cap surged by nearly 10%. Bitcoin was among the leaders in the move, recording a 7.5% gain throughout the day that took it from $8,100 to...

Bitcoin set the stage for an impressive price increase throughout the whole market with a positive run to over $8,800 at one point. Amid all this, the popular transaction monitoring resource, Whale Alert, detected a $1 billion transaction carried out with BTC.$1 Billion Transferred For $80The last 24 hours have been nothing short than impressing in the market. The largest crypto was trading at around $8,100 before it skyrocketed to $8,850 on Bitstamp in just several hours. Even though it has...

The cryptocurrency market is on the move again, and the dominant color is green. With some impressive numbers across the charts, the total market capitalization rises to $227 Billion.The green is led by Bitcoin, which is seeing decent gains of 5% since yesterday. BTC started 2020 at $7,200 and is up with 18% since then.Among the top 20 coins, Bitcoin SV is showing the most impressive gains, following a 27% increase against the dollar to $204. Moreover, just a few days ago, it was trading at...

Bitcoin just completed a daily surge of more than $400, marking $8580 as its current daily high. Yes, maybe when you’re reading these lines, the king of the cryptocurrencies had continued its way even higher.Three days ago, on our recent price analysis, we had stated clearly that the short-term looks bullish for Bitcoin.The consolidation above the $8000 was exactly what Bitcoin needed to regain forces for the move we just saw over the past hours.Following the parabolic rise of NASDAQ, the...