Tag Archives: Bitcoin (BTC) Price

BitcoinBitcoin saw a small 4.7% price increase over the past 7-days as the cryptocurrency finally managed to break above resistance at $9,815 to climb above $10,000. It has met slight resistance at around $10,430 and will need to break here to continue higher.If the bulls penetrate $10,430, higher resistance lies at $10,500 $10,707 (1.414 Fib Extension), $10,810, and $11,000. On the other hand, if the sellers push lower, support is found at $10,000 and $9,815. Beneath this, additional support...

Two days ago, on our most recent BTC price analysis, we had mentioned that Bitcoin is reaching for a crucial long-term resistance line from 2019,  we had also mentioned a bearish price divergence on the daily RSI.This resistance is the ascending trend-line marked on the following daily chart, which had started forming in July 2019. The line falls precisely on the $10,500 mark. Yes, this is the high of yesterday and the current high of 2020.After touching $10,500 for the third time in 48...

The cryptocurrency market is growing at a notable rate since the beginning of 2020. Interestingly enough, the growth is across the board. Despite Bitcoin’s increasing price, its dominance continues to fade. This is a definitive sign that altcoins are claiming serious grounds as their prices continue to boom.Cryptocurrency Market Cap At 6-Month HighIt’s safe to say that 2020 has been an exciting year for cryptocurrencies across the board. The entire market’s capitalization has increased to...

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...