Tag Archives: Market Updates

The last week of trading has undoubtedly been a successful one for Bitcoin and the entire cryptocurrency market. BTC’s price gained more than $1,100, charting an increase upwards of 13% in the past seven days alone. Despite the few ups and downs, the price seems to be comfortable above $9,400.Interestingly enough, Bitcoin is trading well above the 200-days moving average. According to recent research by Tom Lee’s Fundstrat Global Advisors, in 80% of all situations when BTC was above the...

BitcoinBitcoin saw a further 10% price surge over the past week as the number 1 ranked cryptocurrency breaks above the $9,000 level. It had found major support at $8,255 (short term .382 Fib Retracement), which allowed it to rebound and climb. Bitcoin went on to rise into resistance provided by the November high at $9,430 before stalling. If the buyers continue to drive Bitcoin higher, the first level of resistance is located at $9,476 (1.618 Fib Extension). Above this, resistance lies at...

Bitcoin went through yet another week full of volatility and considerable market movements. The cryptocurrency decreased by a total of about $400 in the past seven days. This happens just before the Chinese New Year, and history revealed that it has historically been a rather bad time for Bitcoin. However, it’s also worth noting that the world’s largest cryptocurrency managed to defend the critical support levels at around $8,200 and $8,300 and bounced back from there. As such, it appears...

BitcoinBitcoin has dropped by a small 5% over the past week as it hovers around the $8,400 level. It found strong resistance at the $8,963 level (bearish .786 Fib Retracement) and was unable to overcome it. The latest retracement was expected, considering that Bitcoin managed to surge by over 30% in January to reach a high of around $9,150. It found support at the 200-days EMA at around $8,200 in today’s trading session, which allowed it to bounce back above $8,400. Unfortunately, the RSI has...

After last week’s surge to nearly $9,200 and the following retracement, Bitcoin has been trading mostly in a range between $8,500 and $8,750. Yesterday, it noted a quick dip to $8,480 on Bitstamp and immediately surged back to over $8,700, which is where it currently stands.If Bitcoin’s bullish 2020 price movements are to continue, it has to break the first major resistance level of $8,730, which is also the 38.2% Fib level. If successful, $8,900 will follow, which is the Golden Fib of...

The cryptocurrency market was particularly volatile in the last few weeks. Bitcoin SV stands tall today with a serious increase of over 20% in the past 24 hours alone. At the time of this writing, BSV trades at around $307.BSV has been on a rollercoaster throughout the past seven days. On January 15th, it reached a new all-time high of $413. At that time, news broke that Wright doesn’t have access to the private keys needed to access 1.1 million bitcoins, part of the popular Tulip Trusts....

Last week was nothing but volatile for Bitcoin and the entire cryptocurrency market. Fortunately, the volatility did well. Seven days ago, Bitcoin was trading at around $7,950, while today, the cryptocurrency stands at almost $8,900. This marks an increase upwards of 13% for the past seven days.It’s worth noting, however, that this time altcoins did a great job following. All of the top 20 cryptocurrency projects are trading in the green, with some marking more than notable gains. Bitcoin SV,...

Bitcoin saw a serious 12% price increase this week, allowing the cryptocurrency to rises toward the $8,800 level. BTC actually managed to rise into the $9,000 resistance level today but has since rolled over and fallen slightly. The latest price increase saw Bitcoin rising well above the 200-days EMA as it approached resistance at $8,960 (provided by a bearish .786 Fibonacci Retracement level). This price surge puts Bitcoin on a strong bullish footing as the cryptocurrency gears itself to...

2020 has so far been particularly positive for Bitcoin and the rest of the cryptocurrency market. Starting the year at around $7,100, BTC currently trades at almost $9,000, charting notable increases throughout the entire week. In the past 24 hours alone, Bitcoin gained another 3% to its value, increasing from around $8,650 to about $9,000 from where it retraced a bit and it currently trades at $8,900. BTC/USD. Source: TradingViewBitcoin’s total market capitalization has increased to $162...

The cryptocurrency market is on the move again, and the dominant color is green. With some impressive numbers across the charts, the total market capitalization rises to $227 Billion.The green is led by Bitcoin, which is seeing decent gains of 5% since yesterday. BTC started 2020 at $7,200 and is up with 18% since then.Among the top 20 coins, Bitcoin SV is showing the most impressive gains, following a 27% increase against the dollar to $204. Moreover, just a few days ago, it was trading at...