Tag Archives: bitcoin price

It seems China finally decided to cut some ties to the world’s largest reserve currency – United States dollar, at least if it’s to believe the analysts’ prognoses.The biggest and most obvious reason is the ongoing trade war between the two countries said ANZ Research in their recent report. US delisting Chinese companies’ stocks from its market – surely hasn’t helped as well. That is why, ANZ predicts, Beijing decided to diversify its foreign exchange reserves into other currencies as...

After a poor drag down last week, the overall cryptocurrency market is showing signs of mild recovery today. While the crypto markets are eyeing a northward journey, Bitcoin still looks hesitant to take the lead.Last week, Bitcoin took a hit as the BTC price first slipped below $9000 and later even below its crucial support at $8700. Now, at press time, Bitcoin is trading at $8641.61 with a market cap of $156 billion. While Bitcoin has been showing a mild response to the market recovery, some...

Over the past week, we didn’t see much volatility on behalf of Bitcoin; However, the cryptocurrency’s price was slowly losing momentum from day-to-day.The current weekly low is approximately the crucial support level of $8400. This was recorded twice – this morning and two days ago. It is not a coincidence, as this is also the ‘bottom’ of the bull falling wedge pattern Bitcoin had built throughout the past two weeks or so.The apex of this wedge is expected to take place around November 21,...

You can retire today on 20-30 BTC depending on where you live1 BTC, 32 ETH: it’s important to diversifyDon’t count on Bitcoin to retireIs there a right answer or it’s all individual?Bitcoin’s price has always been a hot topic within the cryptocurrency community. There are plenty of predictions on what it would be in the not-so-distant futures, and the estimates vary from $0 (from crypto skeptics) to $1 million by the end of 2020 coming from the popular proponent John McAfee.With this in mind,...

The last couple of days saw the entire cryptocurrency market bleeding as Bitcoin and altcoins all marked notable decreases.Bitcoin lost around 5% of its USD value at one point, as it dropped from a daily high of $8,800 to about $8,360 in just a few hours. The cryptocurrency managed to recover ever so slightly as it’s currently trading at around $8,470, still down about 2 percent on the day.As CryptoPotato reported, the support at $8,500 also represents the Golden Fibonacci level of 61.8%...

Traditional markets and indexes are currently hitting new records. In one such first-ever milestone, the Dow Jones Industrial Average rallied to a record 28,000 plus levels on Friday. The rally comes amidst waning tensions in the U.S.-China trade war with the hope of reaching a trade deal between the two economic powerhouses.On Friday, November 15, Dow Jones’s 30-stock average climbed 222.93 points at 28,004. In just the last four months, the Dow Jones price index has surged by 1000 points....

On 15 November, during an interview for CNBC journalists, Tom Lee gives price prediction to set some fire. Cryptocurrency will show its potential as a “network value asset”, according to Tom. He said Bitcoin is similar to FAANG stocks that represent the top companies of the U.S. economy: Facebook, Apple, Amazon, Netflix, and Google. By referring to the shares of the companies above, Tom inkles that cryptocurrencies are gaining their value from supportive crowds:“Cryptocurrencies are network...

After consolidating its position above $8700 levels for the past few days, the Bitcoin price crashed another 1% today. At press time, Bitcoin is trading at $8640 with a market cap of $155 billion.The latest price drop comes as Bitcoin has been a victim of sideways trading ever since it failed to sustain above $9000. With this move, Bitcoin has slipped below its major support of $8700. This move has clearly raised the exposure of further slipping to its next support of $8550.Over the last...

Bitcoin comes first, ahead of blockchain, for speculators who look towards the year 2020 cryptocurrency situation. Its apparent several platforms have received support funds to create enterprise blockchains which mostly have launched out in 2019. However, the interest of speculators for such projects has waned out as they look towards fresh ideas on tokenization and cryptocurrency. This is a result of the shift in focus to the development of native cryptocurrency given rise to advancement in...

Bitcoin’s price movements have been rather bearish over the last few days. Yesterday, the largest cryptocurrency by market cap tried breaking up but got quickly rejected and recorded $8550 as of yesterday’s low.Since then, Bitcoin is slowly gaining momentum, and the coin is back at the past week’s consolidation range $8700 – $8800.As reported here yesterday, the $9,150 level that Bitcoin reached on Sunday and got rejected, was where the 4-hour MA-50 and the MA-100 met. Additionally, that’s...