Tag Archives: Market Updates

The whole cryptocurrency market has been somewhat volatile over the last several days. Bitcoin, for example, is almost invariably on the move. Friday, it went down to $7,666 on Bitstamp and yesterday surged to nearly $8,300. At the time of this writing, it has calmed to around $8,100.Taking a look at the technical aspects, $7,700 serves as a major support line now, followed by $7,400. If Bitcoin’s bullish 2020 move is to continue, it would have to break the most significant resistance level...

Bitcoin’s price has been on a wild ride this week. So far, January definitely doesn’t disappoint in terms of volatility and excitement. Seven days ago, Bitcoin was trading at slightly above $7,300. As the week progressed, however, its price shot up to $8,400 only to pull back down to $7,700 from where it’s currently recovering.At the time of this writing, Bitcoin’s price stands above $8,000 but it’s interesting to see where it will go from here. On another note, this week was particularly...

Bitcoin saw a 7.51% price increase over the past week that allowed it to rise above the previous range it was trading within. The cryptocurrency broke above the upper boundary at $7,800 and continued to surge much higher as it reached expected resistance at the 200-days EMA at around $8,160. The cryptocurrency did climb even higher than this as it approached the resistance at $8,458 but it quickly rolled over and started to fall. After reversing at the 200-days EMA, Bitcoin started to fall...

Bitcoin’s price went on a rampage. Just five days ago, it was trading at around $6,850, and today, it went over $8,400 to settle at where it currently trades at around $8,270. With an increase of around 5% for the past 24 hours, Bitcoin seems to mark a good start to yet another year. As Cryptopotato reported, $8,400 was a significant resistance and we have yet to see a definitive close above it. Should that level fall, the next one to look forward to is $8,650. BTC/USD. Source:...

Bitcoin is on the move again, heading north. The largest cryptocurrency is recording impressive gains over the last 24 hours, and it even touched $8,000 before retracing to the current level of $7,900.Just yesterday, BTC was trading around $7,300, and, in a few positive candles, surged with almost 10%. However, as Cryptopotato reported, the $8,000 mark served as a significant resistance line, which also contains the 100-days moving average, and BTC couldn’t break it, yet.BTCUSD 4h Bitstamp....

Only a few days ago, the price of Bitcoin plunged to $6,850 (Bitstamp) in a violent red candle. However, the bulls quickly took charge, and the price recovered to over $7,200 in the next few hours, and since then, the state of BTC has been ever healthier.The largest cryptocurrency is currently trading safely above $7,400, which is a 1.5% increase in the last 24 hours. This comes shortly after marking $7500 as the daily high, as of writing these lines. As CryptoPotato recently reported,...

It’s safe to say that the beginning of 2020 is everything one might have expected it to be on the cryptocurrency market: volatile. Just a few days after the New Year’s bell rang, Bitcoin went on a rollercoaster, dropping down to a low of $6,850, only to recover hours later, gaining upwards of $500 in the process. Interestingly enough, this move coincided with a significant political event. The US President, Donald Trump, ordered an airstrike against Baghdad’s airport. During this, the leader...

Bitcoin’s price went on a rollercoaster over the past week but still remains trapped beneath the December resistance at $7,686. The cryptocurrency fell below $7,000 to find support at $6,885. However, after reaching this level, Bitcoin bounced higher as it now trades around $7,319.If the bulls continue to drive Bitcoin higher and push it above $7,400, immediate resistance lies at $7,698 (bearish .382 Fib Retracement), $8,000 (100-days EMA), and $8,200 (200-days EMA). On the other hand, if the...

Bitcoin marked the end of 2019 at around $7,150, which is a notable increase of over 90% since January 1st.  Looking at the price on a smaller time frame, BTC has decreased by 1% in the last 24 hours and is currently trading at $7,190.Just yesterday, the largest cryptocurrency attempted to break the $7,400 resistance but to no avail. Part of the reason could be related to the CME price gap at around $7,300, and as it often happens, it was filled in less than 24 hours.If BTC is to increase, it...

The last week of 2019 didn’t really bring a lot of excitement within the cryptocurrency market. Bitcoin’s price remained trapped within a fairly narrow range between $7,100 and $7,700, while altcoins struggled to claim any new grounds. As a matter of fact, Bitcoin’s dominance stabilized well above 68%, which showed that BTC kept its market share intact, despite the lack of any price increases. Despite the fact that Christmas is over, it’s important to monitor the price going forward. It’s...