Tag Archives: Bitcoin (BTC) Price

There is the endless argument about whether Bitcoin is a safe-haven asset like Gold. This could be true most of the time; however, Wall Street and the global markets are facing a difficult situation resulting in a fatal drop of almost 8% over the past four days, surrounding the coronavirus effects.And Bitcoin, this time, correlates accurately with the global markets. The primary cryptocurrency continues its drop from yesterday, and completes over a $1000 loss of value in the past three days....

Finnish Customs seized 1,666 bitcoins several years ago during major drug busts. The digital asset’s value has grown with almost 2,000% since then, and the authorities are wondering what they could do with all the bitcoins.Finland’s Seized BitcoinsBack in 2016, police raids in Finland were a common sight. The notorious black market, the Silk Road, was operating in full force, and some deals were transmitted in Bitcoin. Thus, as Finnish authorities made several successful arrests, they managed...

Popular American venture capital investor, Tim Draper, recently said that he has been out of the traditional markets for the past six months.Instead, he has most of his investment portfolio allocated in Bitcoin as he believes its price will reach $250,000 by early 2023.Bitcoin At $250,000Draper has been quite optimistic regarding the future of the largest digital asset previously as well. Yesterday, in an interview for CNBC’s “Squawk Alley,” he reaffirmed his previous bold prediction for the...

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...