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Tag Archives: BTC Analysis

Bitcoin Price Analysis: Bitcoin Steady Above $6,000, But Is It The Calm Before The Storm?

Over the past three days, we saw Bitcoin breaking above the $6,000 milestone, and even succeeding in breaking the next significant resistance at $6400 for a few hours, including toping above $7K on some exchanges.However, Bitcoin got quickly rejected and retraced back to the $6K range, yes, the same price range from the second half of 2018.Just as a side note, the $7140 top that was reached on Bitstamp is not a coincidence: Looking at the following daily chart, we can see the Golden Fibonacci...

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Bitcoin Soars 18% and Breaks $6000: Is The 2020 Bottom Confirmed? BTC Price Analysis & Overview

Is this the day we had been waiting for? Bitcoin completed an 18% price surge over the past 24 hours. But not just that.Yesterday, we mentioned that despite the massive crash in the global markets, Bitcoin’s showing stability above the $5,000 price mark. That stability of yesterday, was the first time after weeks, that Bitcoin was not fully correlated with the stock markets.Today we received another confirmation of this trend: While the S&P 500 had seen a slight 0.5% increase, Bitcoin...

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Bitcoin Price Analysis: Is This The Day Bitcoin Had Been Waiting For 11 Years?

Quick recap: for the past few weeks, Bitcoin had been following the crashing global markets. While the S&P 500 and Nasdaq lost more than 30% over the past month, Bitcoin followed them but with a little bit of leverage.The primary cryptocurrency is now trading at a 50% discount from the highs of mid-February, when it was trading above the $10,000 mark.Many crypto enthusiasts waited for this moment. Bitcoin was born after the most recent significant financial crisis, the one of 2008....

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Bitcoin Price Analysis: The War For $5,000 Continues, What Will Come First – $4K or $6K?

Following the coronavirus health crisis, the global stock markets collapsing one after another. Despite the Fed’s emergency steps, the markets continue to tumble.The EU markets are recording over 10% declines, while Wall Street is reaching the low level of December 2018. 13-Month ROI had demolished in 30 days.Bitcoin is not left behind. After the Fed’s decision yesterday, Bitcoin responded with a quick surge of 14%. However, the party didn’t last long – Just an hour after, when Wall Street...

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Bitcoin Price Analysis: BTC’s 3-Day Consolidation Is Likely To End By Huge Move Very Soon

Bitcoin has tough days. The primary cryptocurrency had lost 40% of its value over the past four days.The fact that the price of Bitcoin is positively correlated with the global stock markets had been a surprise to many in the crypto community, who waited eagerly to see Bitcoin price exploding amid the emerging coronavirus financial crisis. After all, Bitcoin was born as alternative money following the recent financial crisis of 2008.Back to the price charts: the abnormal behavior that took...

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Crypto Price Analysis & Overview March 13: Bitcoin, Ethereum, Ripple, Litecoin, and Tezos

Bitcoin (BTC)Yesterday, the price of Bitcoin crashed by over 40%, following the emerging global market crisis. Before this fatal plunge, Bitcoin showed signs of weakness consolidating around the $8000 mark for three days.Meanwhile, this whole bearish scenario started from a mid-February high of $10,500, which was later confirmed by a bearish head-and-shoulds pattern, which played out around $8500 last week.Unfortunately for Bitcoin, the price has not just dropped to a 4-month low but now...

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Bitcoin Just Broke Down The Critical Support Line From 2015: What’s Next? BTC Daily Price Analysis

When Satoshi Nakamoto sat down to write the whitepaper of Bitcoin, he (or she) prepared precisely for today’s coronavirus situation.The idea of Bitcoin was born after the latest devastating real-estate financial of 2008. All experts were eyeing this day. However, over the past weeks, Bitcoin is attaching its value to the global markets. This, instead of branding itself as a real safe-haven asset.Yesterday, following President Trump announcement, including halting the flights to Europe for a...

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Bitcoin Price Is At Crucial Historic Decision Point, Huge Move Is Coming Up? Analysis & Weekly Overview

Over the past two days, we saw Bitcoin continued its correlation with Wall Street. After reaching a 2-month low at $7600, and finding support upon the historic trend-line, Bitcoin recovered to $8150, however, just like the Wall Street futures, BTC price lost momentum and now trading roughly around $7800 – $7900.In the bigger picture, Bitcoin touched the historic ascending trend-line two days ago, as can be seen on the following weekly chart. This historic trend line was started forming in...

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Bitcoin Price Analysis: After $1600 Plunge In 48 Hours, Those Are The Next Possible Targets For BTC

The economic situation is starting to feel well the coronavirus effects. As of writing these lines, Crude Oil plunges 30% to a 3-decade low. NASDAQ futures are forecasting another 5% plunge, while London crashes 7%.What started yesterday as the PlusToken Ponzi’s sell-off, continued today to a massive collapse. The question is whether Bitcoin is a real safe-haven asset, just like Gold? So far, Bitcoin fails the test, following another $1000 plunge since our price analysis from yesterday.The...

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Bitcoin Price Plunges $500 Intraday, Facing Critical 200-Days MA Support: Sunday’s Price Analysis

Things happen fast in crypto. Yesterday’s analysis focused on the tight range of $200 Bitcoin was trading inside over the past days.We had clearly stated in yesterday’s analysis that a huge price move is imminent. Just a few hours after, and Bitcoin made the anticipated move.As in crypto, Bitcoin price first went to the top of the range, touched $9224 (Bitstamp), liquidated some short positions, and from there – a fatal crush of $500 which lasted for the past few hours.As of writing these...

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