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Tag Archives: Bitcoin (BTC) Price

Bitcoin Price Analysis: BTC Now Retests Critical Support Line, Will The Uptrend Continue?

Yesterday, bitcoin surged by an impressive 9% from daily low to daily high, surpassing the $58k mark. This continues the ongoing bullish week for BTC. Just six days ago, on Sunday, bitcoin price plunged to as low as $47k. Yesterday’s spike allowed bitcoin to climb back above the significant 50-day moving average line, after spending 11 days beneath it. Before this, bitcoin hadn’t seen a daily close beneath the 50-days MA since October 2020. As a quick recap, BTC broke below...

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Whales Bought Last Week’s Bitcoin Dip To $47k: Analysis

Bitcoin whales have used the mid-April price slumps to accumulate more portions once again, suggests on-chain data. Additionally, a key technical metric outlined “huge” potential for another upside movement as BTC challenges $58,000. BTC Whales Bought the Dip Bitcoin went through a roller-coaster of a month in April. Being regarded historically as a bullish month for the primary cryptocurrency, it didn’t disappoint at first and delivered a new all-time high on the 13th....

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Green May: Bitcoin Soars Above $58K, ETH & BNB New ATHs

Following several days of consolidation around and beneath $55,000, bitcoin finally made a move and jumped above $58,000. Despite new records for Ethereum and Binance Coin, BTC actually managed to reclaim some of its recently lost market dominance. Bitcoin Adds $6K in Two Days While the altcoin market was producing impressive price pumps lately, bitcoin seemed stalled at best. The primary cryptocurrency had recovered from its April slumps that drove it below $50,000 but had...

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Crypto Price Analysis & Overview April 30th: Bitcoin, Ethereum, Ripple, Binance Coin, and Cardano

The crypto market recovered this week, but bitcoin seems unable to catch up with the momentum that alts are currently getting. This is perfectly visible in the below chart, showing that large-cap altcoins outperformed it, dollar-wise, substantially. Bitcoin Bitcoin saw a small 5.4% price hike over the past seven days as it currently sits around $54,300. It found support at $47,000 (.5 Fib) on Sunday and rebounded from there to close the daily candle around $49,000. On...

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Bitcoin Stable Around $54,500 While XRP Skyrockets 50% Weekly (Market Watch)

Following another drop to $52,500, bitcoin reacted positively and regained $2,000 of value in the following hours. However, the asset continues to be outperformed by most alternative coins, and its dominance is down to 48%. Ethereum reached yet another ATH yesterday, while BNB spiked well above $600. ETH’s Latest ATH; XRP Surged 15% Most alternative coins have been on a roll lately, with Ethereum leading the pack. After dipping below $2,000 a few weeks back, the...

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Massive BTC Price Volatility As Facebook Apparently Didn’t Invest In Bitcoin

Facebook’s quarterly SEC filing has no mention of Bitcoin, let alone of a Bitcoin purchase, defying market expectations. For a few days leading up to Facebook’s earnings reported today, there was talk that the world’s most famous social network was about to purchase billions of dollars in Bitcoins: those rumors turned out to be precisely that – just rumors. Why did people think Facebook was about to buy Bitcoin? Several news outlets, including leading sources such as FOX, ran...

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Retail Investors Entering Crypto: The Reason Behind Recent Extreme Price Volatility?

The extremely volatile nature of cryptocurrencies is one of the major reasons why many traditional investors are still hesitant to join the industry.  One minute, traders are basking in the euphoria of skyrocketing peaks, and the next they are scratching their heads wondering what happened. While there are no clear-cut indices to gouge crypto volatility, some of the reasons for it in traditional markets apply – including new developments and speculation. But new entrants in...

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Bitcoin Price Analysis: Is BTC Back Bullish After Touching Long-Term Support From March 2020?

Bitcoin price starts this new week with a strong 8% rebound, as it soars back above the $50k mark. The primary cryptocurrency dropped from $60,000 last Sunday, and it collapsed beneath the 50-days MA level through the week. It continued to decline beneath $50,000 to reach as low as $47,000 (.5 Fib) yesterday, shortly before the quick bullish bounce. The large wick, as can be seen on yesterday’s daily candle, is a very strong signal that the bull run might still be alive,...

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After Two Red Weeks, Bitcoin Is Nearly As Oversold As In March 2020

Bitcoin closed the week with the second-largest red candle in its entire history, testing lows near the $47k price zone following an ATH of $64K recorded in the previous week. Overall, this was a tough week for markets across the board. From stocks to cryptocurrencies, traders experienced an episode of collective panic marked by the rumor that Joe Biden would be preparing a bill to increase capital gains taxes by almost 100% for all those generating more than $1 million in...

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US State of Louisiana Releases Bill Commending Bitcoin and Satoshi Nakamoto

The Louisiana House of Representatives has passed a resolution this week commending Bitcoin for becoming “the first decentralized trillion-dollar asset,” encouraging the state and the local government to consider crypto assets and blockchain technology. The House Resolution No. 33, signed by representative Mark Wright, praises BTC’s success through the years and its pseudonymous creator, Satoshi Nakamoto, for his “contribution to economic security.” “BE IT FURTHER RESOLVED...

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