Tag Archives: btc price

By Dmitriy Gurkovskiy, Chief Analyst at RoboForex.BTC/USD tech analysisThe application for launching the ETF for the BTC called back againCME Group started trading options for the BTCOn W1 of the Bitcoin, there begin ascending dynamics after a breakout of the resistance line of the 6-months descending channel. It is too early to say this impulse can renew the high. First of all, we should consider a move to the long-term resistance line at $11500.00. All said above, the Stochastic and MACD...

By Dmitriy Gurkovskiy, Chief Analyst at RoboForex.Tech analysis of the BTCThe BTC may grow in price due to the US vs. Iran conflictIn ten years, the profitability of the BTC has been many times higher than that of Gold and S&P 500.On D1, speaking about the long-term moods of the cryptocurrency, there has been a pullback to 50.0% Fibo related to the previous declining wave after a convergence on the MACD. Also, the correctional dynamics have let the market test the resistance area at 50.0%...

At the time of writing, BTC/USD was changing hands for $7,230.01, down about 2% in the last 24 hours and not changing since the start of the day. The cryptocurrency of the first choice is closed in the range with a moderate bearish bias before the New Year.Brokers and financial specialists will, in general, leave the space during significant occasions. Accordingly, low, slow action prompts low volumes and low liquidity. While the generally merry season in the business sectors is exhausting,...

By Dmitriy Gurkovskiy, Chief Analyst at RoboForex.BTC/USD tech analysisThe liquidation of PlusToken assets could drop the BTCOnly BTC survives – CNBCOn W1, the Bitcoin dynamics are even inside the current descending channel. The quotations are aiming at the long-term minimum of $3121.90. The resistance is at $8500.00.On the MACD and the Stochastic, there is a Black Cross in the red area of the first one and a Black Cross and an escape from the overbought area on the second one. These signals...

By Dmitriy Gurkovskiy, Chief Analyst at RoboForex.Tech analysis of BTC/USDBitcoins worth 313 million USD were withdrawn through Bittrex.The SIX platform has added a derivative on the BTCOn W1, the Bitcoin continues the descending tendency inside the previous channel and has already reached 61.8% fibo. The next downside target may be 76.0% fibo at $5710.00 and the long-term low at $3121.90. the resistance is close to 38.2% fibo at $9760.00.On the MACD and Stochastic, the MACD histogram remains...

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...

By Dmitriy Gurkovskiy, Chief Analyst at RoboForex.BTC/USD tech analysisThe Bitcoin miners become fewerThe BTC cannot replace the dollar — LaneOn W1, the Bitcoin is developing another impulse of decline inside the renewed channel. It seems that the market participants are playing the last quick growth, balancing the price. It might be that we will not see any new impulse of growth until the minimum is renewed. The bearish behavior of the price is aimed at 61.8% ($7230.00) and 76.0% (5700.00)...

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...

Photo: ShutterstockBy Dmitriy Gurkovskiy, Chief Analyst at RoboForex.BTC/USD tech analysisBrexit helps the BTC – Easy CryptoChina does not consider mining unwanted activity anymoreOn W1, the Bitcoin is trying to secure above the resistance line it has overcome. This might mean that the market players are waiting for yet another impulse of growth to the local resistance at $11321.00. However, growth to the main peak at $13857,20 in neither excluded.On the MACD, the histogram is still in the...

On October 23, a severe crypto crash struck leaving Bitcoin hovering around the $7,500 level. Many of the investors said that they never thought this kind of buying opportunity would come again. Now, market leaders believe that the Bitcoin price may slide further before regaining its upward momentum.The fundamentals also have a lot to improve on and if the commentators are right, a further drop may happen before the end of the year. Notably, the latest Bitcoin drop has taken a huge toll on...