Tag Archives: BTC Analysis

Block 630,000 was mined yesterday, and with it, the third Bitcoin halving was successfully completed. From here on, miners will receive 6.25 BTC for adding new blocks to the network.The hours before the event were fairly turbulent for BTC’s price, but it seems that it has calmed down, at least for now.Bitcoin Price Steady Following The HalvingA bit more than 15 hours after Bitcoin’s halving took place at block 630,000, the price seems relatively stable. At the time of the event, BTC was...

Bitcoin’s volatility is breaking records, as the primary cryptocurrency approaches its third halving in a few hours.After yesterday 20% plunge to $8K, Bitcoin had recovered more than halfway. As of writing these lines, Bitcoin is trading around the $9000 mark.As we stated here on yesterday’s BTC analysis, the violent plunge that took place on Sunday found strong support at the $8K price zone, which includes the 200 and the 100 days moving average lines, along with the ascending trend-line...

This was one of the worst days for Bitcoin’s price over the past years. Starting yesterday just one step away from the $10K mark, Bitcoin saw an intraday crash to below $8000, before a slight recovery.At some point, the daily candle reached almost 20% in the negative. Anyone who knows Bitcoin can’t say it’s out of the blue. However, as we get close to the halving, such a massive decrease can trigger a larger panic-sell. We had seen already what weak hands could do only two months ago on March...

Bitcoin crashed 10% in 30 minutes, and almost 20% over the past hours, plunging below $8000 on some exchanges. Just two days before the anticipated Bitcoin halving event and no more than 48 hours after touching the $10K mark, a classic “sell the news” dump had initiated.As of writing these lines, the price of Bitcoin corrected a bit and currently trading around $8500, which is a 12% drop over the past 24 hours. While Bitcoin’s current daily low on Bitstamp was $8117, Binance Futures platform...

Bitcoin is currently down by 1.5% after a surging to $10,000 mark on Thursday, but a rebound could be underway.The primary cryptocurrency is looking for a substantial rebound level around $9,400Key Resistance Levels: $9,800, $10,000, $10,475, $10,970Key Support Levels: $9,450, $9,100, $9,000, $8,500BTC/USD 1D. Source: TradingViewBitcoin’s recovery from the March crash (to $3800) is quite notable, and it’s safe to say that the bulls are technically back in the market. The fundamental part of...

BitcoinBitcoin saw an impressive 11.5% price surge over the past 7 days of trading as the cryptocurrency manages to reach as high as $10,000 again. During the week, the coin managed to break above the previous resistance at $9,000 and continued above further resistance at $9,426 and $9,815 to reach the $10,000 level.Looking ahead, if the buyers break above $10,000, resistance is located at $10,226 (1.618 Fib Extension) and $10,430 (2020 high). Above this, resistance is located at $10,810,...

Only four days left until the Bitcoin halving event. This by itself could have been enough to fuel the primary cryptocurrency beyond the $10,000 mark.Maybe it happened faster than expected, Bitcoin just reached the 5-digit mark for the first time since February 24, 2020.As of writing these lines, BTC completes an incredible 35% price increase over the past ten days. Who could believe that less than two months ago, one Bitcoin traded for $3,600? Those who bought the dip can now celebrate...

As we are getting closer to the halving event, Bitcoin is likely to mark its third consecutive green day, where the primary cryptocurrency had increased more than $1000 over the past four days. As of writing these lines, it seems like $10K will come in a matter of hours.If you had followed our price analysis from yesterday, we had mentioned a symmetrical triangle formation on Bitcoin’s 4-hour chart, and also stated that the triangle is likely to break out in the next few hours.As can be seen...

Over the past two days, Bitcoin price seems to be consolidated in a triangle pattern, as can be seen below on the following shorter timeframe chart (the 4-hour).The symmetrical triangle consolidates around the $9000 benchmark, where its apex is anticipated somewhere in the next day. However, as we learned before, Bitcoin might break of the pattern even before reaching the apex.Overall, there is an ongoing ‘fight’ between the buyers and the sellers that will get even more exciting as we are...

After reaching over $9400 a few days ago, the Bitcoin price corrected down to the Golden Fibonacci level at $8400, and since then, BTC is trading mostly around the $8600 price range.As can be seen on the following 4-hour chart, there is a lower highs trajectory on the short-term timeframe, getting closer to the crucial $8400 support, which is the low from Thursday, the correction after the huge Wednesday’s rally.The Weekly Timeframe Since 2015This is an excellent opportunity to look at the...