Tag Archives: bitcoin price

From euphoria to depression: The recent volatility in the price of Bitcoin had burned many shorts and longs. Heaven for traders, hard times for the HODLers.On Friday, just two days ago, everyone was bullish, following a breakout of a decent inverse head and shoulders pattern (at $7400). Following our recent analysis, the huge bullish move had indeed arrived, but couldn’t resist beyond $7870.Then, Bitcoin encountered a long-term descending trend-line, shown both on the following 4-hour and the...

Ethereum co-founder Charles Hoskinson believes that bitcoin is about to achieve big things.Hoskinson: BTC Will Reach $100,000Via Twitter, Hoskinson posted his beliefs that bitcoin could easily reach $100,000 in the coming years. This arguably puts him up there with the likes of venture capitalist Tim Draper, who has stated that bitcoin is likely to hit the six-figure mark by the time 2023 rolls in.Hoskinson’s words are intriguing in that he is the co-builder of arguably bitcoin’s biggest...

Bitcoin has been around for more than a decade now. However, it’s safe to say that it gained mass attention at the end of 2017, following its unparalleled price increase to $20,000.In any case, the cryptocurrency has its fair share of proponents and early adopters – people who have been involved with it far before the events of 2017. Bitcoin brings forward quite a lot of benefits, especially when compared to traditional fiat currencies, and it’s nothing short of intriguing to find out what is...

Well, well. Here’s a bit of good news just as the holiday season is starting to pick up steam. The world’s number one cryptocurrency – bitcoin – has suddenly surged to just under $7,600, incurring a seven percent gain over the past two days.Bitcoin Is Picking Up SpeedYesterday was Thanksgiving, meaning everyone was likely trying to avoid two topics at the dinner table: politics and crypto. Both tend to incur some very angry and/ or negative feelings in people, but this season, bitcoin seems...

It took just a few hours after we posted our previous Bitcoin price analysis, and Bitcoin broke out nicely the $7400 resistance, which is the neckline of the inverse head and shoulders pattern.Since then, Bitcoin quickly made a move to our next mentioned resistance level of $7700 and quickly got rejected. Over the past 40 hours, Bitcoin is trading under the tight range of $7400 to $7700.From the bullish side, after such a massive move ($6800 to $7700), a correction or consolidation was...

Bitcoin is continuing its price falls, and many analysts find themselves disagreeing over whether the currency will bottom out soon.Bitcoin: When Will the Drops Cease?Over the past two weeks, the world’s leading cryptocurrency has lost more than $2,000 in value. During the early portion of November, bitcoin was trading for well over $9,000 following positive blockchain comments from Chinese president Xi Jinping and Bakkt’s sudden surge in business.However, from there, the currency has...

Well, bitcoin is struggling heavily as of late. The currency has dropped by more than $2,500 in the past couple of weeks, and it’s now trapped in the $7,000 range.Bitcoin: Still the “Go-To” Financial ToolAnd yet, many analysts say that investors are not likely to give up the currency altogether and will still flock to bitcoin and other forms of crypto in droves. Mike McGlone, a senior commodity strategist at Bloomberg, even goes so far as to say that bitcoin is no longer an object for pure...

By Dmitriy Gurkovskiy, Chief Analyst at RoboForex.BTC/USD tech analysisBitstop is propelling the Bitcoin terminalsThe BTC will become successful only if it is used in real life — BakktOn W1, the Bitcoin keeps developing an impulse of decline inside the renewed channel. It seems that the market participants are playing the last quick growth balancing the price. Perhaps the new ascending impulse coming soon will not be as large, however, before that we will see the renewal of the minimum. The...

The Bitcoin price movement over the last week has sent jitters among crypto investors. In the last seven days, the BTC price crashed to $6600 hitting its six-month low. But Bitcoin has bounced back quickly trying to consolidate above $7000 levels.In the last 24 hours, the Bitcoin price is on a northward trajectory surging nearly 10% above $7500 level. At press time, Bitcoin is trading at $7551 with a market cap of $136 billion. This much-needed relief rally has recently got investors’ hope...

Bitcoin went on a wild ride in the past 24 hours. The cryptocurrency began the day trading at around $7,100 only to drop down to about $6,850 in a sudden move south. However, bulls took it from there, and the BTC price shot up to $7,660, which was also the daily high.Currently trading at around $7,500, Bitcoin has managed to retain its price above the significant resistance area between $7,300 and $7,400. As Cryptopotato reported yesterday, the next resistance to watch lies at $7,700, and for...