Tag Archives: Bitcoin (BTC) Price

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...

A quick recap of the recent price action: Following a bloody weekend after rejecting from the $10500 resistance level, the current 2020 high, Bitcoin had dropped to its weekly low at $9467 (Bitstamp).This is not a coincidence, BTC had accurately reached our marked lower descending trend-line that follows Bitcoin’s price action since January 3rd, on the following 4-hour chart.As we stated here before, since 2020 begun, we see a bullish higher-low trajectory. And yes, corrections are a healthy...

The past several days have been somewhat turbulent in the cryptocurrency space. Bitcoin, for instance, plunged to $9,400 on Monday, traded around $9,600 yesterday, and gained about $700 in the past 24 hours alone, before settling at $10,150 where it currently stands.BTCUSD 1h. Source: TradingViewOn its way down, the significant support level of $9,400 stopped BTC. If Bitcoin is to fall again, $9,770 should be the first considerable obstacle now.Alternatively, the $10,400-$10,500 resistance...

The start of the new week came as a sad one for traders as the bears take over the cryptocurrency market, correcting Bitcoin price to below the $9600 region. At the time of writing, the coin is trading at $9,627.The current volatility in the market could be tied to the ongoing selling pressure and transfer of 600 BTC ($5,753,286) to BitMEX, which took place at block 617782. If the bearish movement continues, Bitcoin could dip further to $9170 and even $9000. At the time of this writing,...

Following our recent price analysis, we saw Bitcoin starting to go lower for a deeper correction. At least lower than the usual 38.2% Fib level correction we had seen three times before since the magnificent 2020 begun.After Bitcoin was testing the long-term ascending trend-line at $10,500 – a trend-line which had started forming in July 2019 – we saw Bitcoin getting rejected severely, breaking down the 38.2% Fib level at $10,200.On our recent price analysis, we expected Bitcoin to go even...

Just a quick weekend recap: Following our most recent BTC price analysis from Friday, where we had stated that the correction is likely to test lower levels, we can see Bitcoin breaking below $10,000 after failing to break above the crucial resistance at $10,500.As can be seen on the following daily chart, after getting rejected by the long-term ascending trend-line (started forming on July 2019), Bitcoin broke down the significant 38.2% Fib level at $10,200, along with the marked 4-hour...

When your completely non-computer savvy, totally apolitical friends or family members come up to you asking, “Hey, you think I should buy this Bitcoin thing?” you’re in bubble territory. The coin is very possibly overheated, and it might be time to sell.We need a healthy pull back. Too much hype about #bitcoin halving and altseason. Too much dumb money re-entering shitcoins. Looking for $7200. It takes time for halving to propogate and market to react. Maybe 6-7 months. Only my opinion. What...