Tag Archives: Bitcoin (BTC) Price

Bitcoin is finally showing signs of strength and increased by a considerable 9%. This follows a consolidation phase. The $18K level supported the price once again, proving its sentimental power. Technical Analysis By: Shayan The Daily Chart The $18K-$19K support appears to be the most crucial level for the bulls to hold. If they fail to do so, the market could fall toward $15K. Bitcoin’s price has been supported for the fourth time and is now aiming for the 50-day MA at...

In an attempt to fight the galloping inflation, the European Central Bank, similar to its counterparty overseas, raised the key interest rates by 75 basis points. Unlike the Fed’s interest rate hikes, though, this one has had no real impact on BTC’s price, at least for now. With the skyrocketing inflation across the Old Continent, the ECB was a little slow to react at first and failed to follow the Fed’s example for a while. However, the central banking authority changed its...

Bitcoin has been experiencing a prolonged bear market since the all-time high of $69K in November 2021. The past 24 hours have also proven to be quite a challenge for the cryptocurrency as it dropped below $19,000. Yet, the next few days or possibly weeks are likely to be critical for the mid-term future of BTC’s price. Technical Analysis By Shayan The Weekly Chart Historically, Bitcoin bear markets have concluded after participants underwent a phase of massive capitulation...

Bitcoin currently gives a ‘calm before the storm’ feeling, as the price has had minimal changes in the last few days. However, there are some interesting levels to watch in the short term. Technical Analysis By: Edris The Daily Chart As seen on the daily chart, the price has observed very small changes in the last few days. Presently, Bitcoin is consolidating in a very tight range at the $20K support zone. The 50-day and 100-day moving average lines are located at the $22K...

It’s been over 9 months since Bitcoin’s all-time high at $69K in November 2021. The cryptocurrency continues its gruesome downtrend and has yet to show any signs of recovery. The market is currently quiet, but next week’s price action could be key to determining the mid-term future. Technical Analysis By: Edris The Daily Chart Looking at the daily chart, the price has been consolidating in a tight range between $19,500 and $20,500 over the past few days, showing little intent...

It appears that the bears are slowly taking control over the market in the short term as the primary cryptocurrency trades below $20K, and the majority of other coins look indecisive at best. Of course, there are certain exceptions. Bitcoin Losing $20K The $20,000 level is one of significant importance. Apart from being a psychological mark, it also contains technical and fundamental support, being the high of the 2017-2018 bull market. With that said, BTC has been flirting...

The total cryptocurrency market capitalization dropped below $1 trillion on Saturday as the majority of altcoins are bleeding out. Bitcoin also dropped below the coveted $20,000 as the bulls failed to produce any meaningful increases. Bitcoin Below $20K The primary cryptocurrency has failed to chart any notable increases in the past 24 hours and is down some 1.3%. The bulls attempted to push the price upwards on a few occasions but were unable to do so. Eventually, this...

Bitcoin’s price is experiencing a mid-term consolidation phase. The price has dropped and now will be facing a significant level of support at $19K, and this level is the most critical support for the bulls to hold over the next short term. Technical Analysis By Shayan The Daily Chart After experiencing a particularly rough decline of approximately 10%, the price of BTC has entered a consolidation phase, consisting of choppy price action. The $19K support level has...

The Bitcoin bear market appears to be far from over as the price has dropped to the bulls’ last line of defense before another massive leg down. The short-term and even mid-term price action of Bitcoin could be determined in the next few days. Technical Analysis By: Edris The Daily Chart Looking at the daily chart, the recent downtrend was initiated after the price was rejected from the $24K static resistance level. Moreover, it was rejected from the 100-day moving average at...

The past 24 hours took a turn for the better as, the broader cryptocurrency market added over $50 billion to its total capitalization and reclaimed the coveted $1 trillion level. This comes on the back of Bitcoin reclaiming $20K and Ethereum pushing for $1.6K at the time of this writing. Bitcoin Price Bouncing Back Yesterday, the BTC price slipped towards $19,500, where it seems to have marked some sort of a local bottom as that’s where the bulls took more definitive steps to...