Tag Archives: bitcoin price

There are many ways in which cryptocurrency trading resembles the traditional ones, but there are just as many differences, as well. That’s why it’s possible to use regular definitions, but they need to be appropriately adjusted and related according to the specifics of cryptocurrencies.Price gaps, for example, are something seen quite regularly within traditional markets, and we can already see them becoming a factor to consider when it comes to Bitcoin price analysis as well.What Are Price...

2019 is approaching its end, and while many crypto enthusiasts have marked 2020 as the next Bitcoin bull-run, it is mostly because of the anticipated halving event.While there is a consensus that the halving will propel Bitcoin price to new highs, some analysts see the cryptocurrency visiting lower values before we can even start speaking about any possible bull-run.Bitcoin started 2019 at $3,700, skyrocketed to $13,880 on the 26th of June, retraced, surged back up, and most recently pulled...

Bitcoin seems to be charging at $7,600 as it marks a slight increase of around 2.1% in the past 24 hours. The cryptocurrency seemed stuck in the same confluence price zone between $7,300 and $7,400 but has managed to break above it, and it now trades at around $7,550.As CryptoPotato reported earlier, an important resistance level to watch for is $7,700, which is where the bullish spike reached out. However, to see a real market reversal, we would have to see Bitcoin closing above $8,000. In...

Recently, bitcoin incurred a near-$1,000 surge in its price. While this might traditionally cause people to get excited, some industry experts are suspicious of the circumstances surrounding the sudden (and short-lived) jump.Bitcoin Is Acting Strange, LatelyAt press time, bitcoin has settled down and dropped to $7,300. However, on December 4, the currency allegedly spiked all the way to $7,800, though this was only temporary. Among the few industry analysts to take issue with the surge was...

On Wednesday, Bitcoin jumped 9.92% from the day low of $7,080 to $7,775 during only 5 hours of the trade. However, at the end of the day, the price closed at $7,199. The Bitcoin price seems to be slowing down every time it meets resistance at $7,800 and cannot set a higher high above $8,000. Traders can see that the highest volume happened when the prices were $8,040 and $7,850. However, since prices started to drop as soon as they reached those heights, it can be presumed that the next bull...

In our recent price analysis, we had anticipated a huge move coming up very soon. We couldn’t predict to which direction.The result was a massive $800 move to the upside, followed by an opposite move to the downside, to exactly where the movement began from (roughly $7100). And the winner is? Of course, the exchanges that allow margin trading, who encourage trading volumes.The bottom line is that Bitcoin stays at the same price level, the same confluence price zone, between $7300 – $7400,...

By Dmitriy Gurkovskiy, Chief Analyst at RoboForex.Tech analysis of BTC/USDBitcoins worth 313 million USD were withdrawn through Bittrex.The SIX platform has added a derivative on the BTCOn W1, the Bitcoin continues the descending tendency inside the previous channel and has already reached 61.8% fibo. The next downside target may be 76.0% fibo at $5710.00 and the long-term low at $3121.90. the resistance is close to 38.2% fibo at $9760.00.On the MACD and Stochastic, the MACD histogram remains...

Yesterday, December 4, turned out to be a very interesting day for Bitcoin as the network broke a new record and hit its biggest hourly USD transaction volume in all of Bitcoin’s existence. An increase in the volume of transactions on any network is usually regarded as a big deal because more often than not, it shows that there is some progress with adoption. However, this case is very different.The news was made known in a tweet by Rafael Schultze-Kraft, the cofounder of on-chain market...

The largest cryptocurrency, Bitcoin, went through a sudden flash crash on the world’s most popular platform, Binance. The price lost a tremendous chunk of its value, going down to as low as $680 in an instant. It happened with the BTC/USDS trading pair, and it allowed those who had placed low orders to have them filled during the recovery, which came just as quickly.Bitcoin At $680 In A Flash CrashVolatility in the cryptocurrency market is not something unexpected. Just on the contrary – it’s...

After a few days of decreasing volatility, the price of Bitcoin noted a decent spike with 8% gains, roughly a $620 increase in a matter of minutes.As per the leading derivates exchange by volume, BitMEX, the price of Bitcoin reached a daily high of $7,800, while on Bitstamp it went as high as $7,775. Despite the massive surge, at the moment of this writing, the largest cryptocurrency has retraced to $7,500.The increase comes just hours after CryptoPotato mentioned the possibility of a huge...