Tag Archives: Bitcoin Price News

Most of the cryptocurrency market has been trading in the red over the last 24 hours. However, altcoins are seemingly making a slight recovery when looking at the bigger picture, as Bitcoin’s dominance loses 1%.Bitcoin’s price has been ranging between $7,400 and &7,600 in the last few days, but yesterday it marked a slow descent to the current level of $7,200 on Bitstamp.Taking a look at the technical aspects, Bitcoin could be retesting the next significant support level at $7,000. If it...

Photo: Tim Reckmann / FlickrBitcoin had experienced low volatility consolidation in recent weeks. However, the consolidation phase was ended abruptly with a violent drop of almost 10% on October 23 to fall near a 5-month low. At 12:50 UTC, the flagship cryptocurrency plunged by around $500 in 15 minutes to hit a low of $7,500.Bitcoin price reached the lowest level since June 10 as recorded by Bitstamp. After showing mild signs of an upward trend above $8,000, the leading digital token...

Bitcoin narrowly escapes a critical breakdown. | Image: Shutterstock Bitcoin (BTC) has rallied to gain nearly 5% in as many hours, narrowly avoiding posting seven consecutive red daily candles for the sixth time ever. The last time that BTC posted seven red daily candles in a row was heading into the start of August 2018. From July 29 to Aug. 4 of last year, BTC...

In a move that wasn't entirely unexpected, the Bitcoin price has plunged below $10,000 in a breakdown that started around 1 PM UTC this morning. The quick dump liquidated approximately $150 million in long positions on BitMEX. Everyone's Bitcoin Price Triangle To say that this morning's dump was not unexpected is to understate the current situation. Nearly every technical analyst with a TradingView account has drawn the same (or similar) descending triangle as the one reproduced below....

For several years now, the Bitcoin price has been a subject of discussion in the global scene. As we published, some prominent commentators have suggested that Bitcoin will reach $1 million per token by the end of 2020. That may never happen unless there is a major collapse in the entire fiat world within the next three months.However, some of the analysts are sticking to their predictions, Tim Draper, one prominent venture capitalist, recently doubled down on his call that Bitcoin will reach...

A big pullback awaits if bitcoin slips below a key psychological level, according to traders. | Source: ShutterstockThe bitcoin price has dropped from $10,968 to $10,285 in the past three days. If BTC fails to remain above $10,100, traders anticipate a bigger pullback below the $10,000 level.Since early August, the bitcoin price has demonstrated volatility within a large range between $9,400 to $10,900, unable to break above or below key resistance or support levels.The bitcoin price (BTC)...

Bitcoin price makes a retreat on Sunday's trading. | Source: ShutterstockThe bitcoin price dropped from $10,968 to $10,252 over the weekend within a two-day span by more than six percent against the U.S. dollar.Bitcoin price dropped by more than six percent since weekly high at over $10,900 (source: coinmarketcap.com)Previously, when the bitcoin price initially made its way to $10,900, a level that has been considered to be a heavy line of resistance since early August, some technical...

Bitcoin price fell sharply on Saturday after failing to break beyond $11,000. | Source: ShutterstockThe bitcoin price abruptly dropped by more than five percent $10,949 to $10,204 in the past 24 hours at a point which technical analysts described as a critical moment for bitcoin.The bitcoin price has dropped by more than $500 overnight against the USD (source: coinmarketcap.com)As the bitcoin price initially made its way to $10,900, traders anticipated the dominant cryptocurrency to break...

Bitcoin could be on its way to $20,000 next year if a historical trend repeats itself once again, according to crypto trader Josh Rager. | Source: ShutterstockCrypto trader Josh Rager is a noted bitcoin bull known for his ambitious price targets. He is now predicting that the price of the flagship cryptocurrency could surge 100% in 2020 if a historical pattern repeats itself once more.Bitcoin price could set a new record above $20,000Rager cites a pattern that was last seen in 2015 and 2016....

Bitcoin is looking at a fresh yearly high if support sticks, analysts have claimed. | Source: ShutterstockSince September 2, within four days, the bitcoin price has recovered from $9,500 to $10,700, rising by well over 10 percent against the U.S. dollar.The bitcoin price on a steady recovery since early September (source: coinmarketcap.com)As bitcoin stabilizes above an important resistance level at $10,000, technical analysts anticipate the asset to establish a basis for the next...