Tag Archives: bitcoin price

Normally, this ongoing drop in prices, which comes only a month after a 42% expansion in a day, pushed the bulls to their limit. An eminent Twitter trader, Bitlord, said he had left the Bitcoin business due to the ongoing tumult in the market, denoting an indication of capitulation.Over the past day, the Bitcoin bulls have finally been granted a reprieve, with the BTC going from a weekly minimum of $6,526 to $7,378.13, which represents a massive increase of more than 10%. With this reprieve...

Some sources are asking the big question, “Is now the time to buy bitcoin?”Bitcoin: Where Will It Go From Here?The currency is trading for just over $7,000 at press time, meaning the fall is continuing. Right now, it’s not understood why the currency is dropping so drastically. What could be occurring behind closed doors that’s potentially making the world’s number one cryptocurrency dive to record lows? It’s now the lowest it’s been in roughly six months.While answers aren’t necessarily...

It seems like everyone wants to know a bit more about Bitcoin after prices of the cryptocurrency token have dropped significantly to new six-month lows. According to Google Trends, the recent spike in Bitcoin searches seems to have been originating from African countries with Nigeria, Ghana, and South Africa taking the lead while Austria and Switzerland are the other two countries that make up the top five sources of Bitcoin searches.The search terms have gone beyond just Bitcoin prices as...

The past week was one of the worst for Bitcoin. The coin’s price had seen a $2000 decline over the past seven days.This morning Bitcoin recorded another new low since May 17 – at $6513 (Bitstamp). However, the cryptocurrency didn’t spend much time at those price levels, and over the past hours, we are witnessing a decent comeback in green:As of writing this, Bitcoin is trading $700 above the daily low, whereas the current daily high almost touches $7300 (~$800 intra-day price increase).The...

Anthony Pompliano, a Bitcoin bull enthusiast, says that the hysteria surrounding the price of the BTC will probably increase more and more until there is “real blood on the streets”.In a new note to investors, Pompliano points out that Bitcoin has always forced weak hands to surrender, through extremely volatile cycles of new and arbitrary highs and lows.When Bitcoin reaches extended periods in an accumulation phase, it has always been caused by violent epidemics that have left investors...

Sunday seemed somewhat optimistic as Bitcoin was finally in the green after days of red candles. Even though there was a blunt sense of relief in the community – it didn’t last long. Before the bulls had a chance to return, the bloodbath continued today with even more losses.Today, Bitcoin’s price dropped down to $6,500 before recovering a bit to its current point at around $6,700. The cryptocurrency is down by 7% in the past 24 hours. The situation looks even worse over the past ten days....

Bitcoin just keeps slinking lower and lower on the financial totem pole, but some analysts say things are about to get a lot worse before they get better.Bitcoin: About to Hit New Lows?As it stands, bitcoin is trading for about $7,200 at press time. This is unfortunate considering just a few weeks ago, it was trading for almost $2,500 more. The currency has been experiencing so many drops as of late and nobody really knows why. All we can do is sit back and hope that things will somehow...

Bitcoin’s price has continuously been the subject of numerous predictions. Some proponents expect new all-time highs within the next few months, while others take the opposite stand, foreseeing the cryptocurrency’s demise. Naturally, a lot of the predictions seem quite far-fetched, but some well-known and reputed analysts think that Bitcoin might go to $5,000 before 2020.Bitcoin’s Price On A Bearish TrajectoryFor starters, a leading cryptocurrency market analyst, Credible Crypto, recently...

Bitcoin’s price has continuously been a subject of numerous predictions. Some proponents expect new all-time highs within the next few months, while others take the opposite stand, foreseeing the cryptocurrency’s demise. Naturally, a lot of the predictions seem quite far-fetched, but some well-known and reputed analysts think that Bitcoin might go to $5,000 before 2020.Bitcoin’s Price On A Bearish TrajectoryFor starters, a leading cryptocurrency market analyst, Credible Crypto, recently...

The recent week was not the best for Bitcoin’s price, which lost almost 20% in just seven days.The bad thing is that it’s still hard to see the end of those severe declines. However, if you look for a positive sign, you can find it in the fact that yesterday’s daily candle finished green, for the first time following five ugly red candles.Looking at the following daily chart, we can see a secure area of support around $6800 – $7000. After dropping to those levels during last Friday, Bitcoin...