Bitcoin: USD/BTC (BTC=X) Drops Below $4,000 as Key Resistance Level Holds At the time of writing, Bitcoin is trading down 1.5% at its current price of $3,960 and just recently dropped below its key support level that had been previously established at approximately $4,000. Over the past week, Bitcoin has been coiling tightly within approximately $4,000 and $4,050 before […]
Bitcoin: USD/BTC (BTC=X) Risk of Break Grows Recently, bitcoin price rebounded nicely after trading as low as $3,872 against the US Dollar. The BTC/USD pair gained traction and traded above the $3,940 and $3,960 resistance levels. However, the $4,000 level acted as a strong resistance and prevented further gains. A swing high was formed near $3,999 and […]
Bitcoin: USD/BTC (BTC=X) dominance slips despite price gain According to CoinMarketCap data, the BTC market dominance now stands at 50.8 percent. This figure represents the lowest market dominance since mid-August 2018. Data shows that Bitcoin’s share of the total cryptocurrency market capitalization has been sliding downwards since the latter part of January 2019. The drop in market […]
Bitcoin: USD/BTC (BTC=X) Trades Sideways Above $4,000 At the time of writing Bitcoin is trading up nominally at its current price of $4,070 and is up slightly from its daily lows of $4,030. Ever since BTC pushed above $4,000 last Friday, the cryptocurrency’s upwards momentum has stalled, leading it to trade in an incredibly tight trading range […]
Bitcoin: USD/BTC (BTC=X) Still in Correction Mode Bitcoin is still consolidating after its recent test of the ascending channel resistance, keeping the correction going. Price seems to have bounced off the 38.2% Fibonacci retracement level but might still be due for a larger dip. The 100 SMA is above the longer-term 200 SMA to indicate […]
Bitcoin: USD/BTC (BTC=X) technicals indicate a bearish trend was forecast for the coin The largest cryptocurrency in the market, Bitcoin [BTC], saw the bull make an entry and lift the coin’s prices. However, this was a short-lived trend as the coin fell in the past hour, at the time of writing. The token was valued at […]
Bitcoin: USD/BTC (BTC=X) price climbed higher towards the $4,040 level before correcting lower against the US Dollar In the weekly analysis, we saw a nice upward move above $4,000 in bitcoin price against the US Dollar. The BTC/USD pair even broke the $4,020 level and traded towards the $4,040 level. A high was formed at $4,041 […]
Bitcoin: USD/BTC (BTC=X) lacking clear directional bias Bitcoin’s struggle for direction continues amid growing signs of a bull reversal in alternative cryptocurrencies. The leading cryptocurrency by market value is trapped in the range of $3,800 to $3,900 for a ninth straight day, contradicting the quick move toward the recent high of $4,190 suggested by the […]
Technical Indicator Shows That Bitcoin: USD/BTC (BTC=X) Slight Upwards Momentum is Slowing Although Bitcoin has established some levels of stability around its current price of $3,900 for the past several weeks and volatility has been steadily decreasing, as a recent Bloomberg report points out, Bitcoin’s Moving Average Convergence Divergence indicator has been declining since mid-February, which may […]
Bitcoin: USD/BTC (BTC=X) Faces Growing Resistance at Critical 4,000 Level After facing increased levels of selling pressure yesterday, Bitcoin as been able to maintain above $3,900, which is increasingly becoming a level of support for the cryptocurrency. Despite this, $4,000 still remains a key level of resistance for BTC, and the crypto’s short positions are […]
Bitcoin: USD/BTC (BTC=X) $4,000 resistance holds Bitcoin prices traded lower on Monday, falling more than 1% as the best-known cryptocurrency failed to breach short-term resistance at $4,000. In early afternoon trade on Monday, a single bitcoin BTCUSD, -0.60% was changing hands at $3,839.00, down 1.5% since Sunday’s level at 5 p.m. Eastern time on the Kraken exchange. The […]
Bitcoin: USD/BTC (BTC=X) Stable Above $3,900 Last week, the price of Bitcoin was in a bullish trend. The crypto’s price was trading above the $3900 and was attempting to break the resistance level. Each time the bulls tested the $4000 resistance level, the crypto’s price will fall to the bearish trend zone. On March 9, […]
Bitcoin: USD/BTC (BTC=X) another attempt to confirm the long-term double bottom reversal pattern Bitcoin might be making another attempt to confirm the long-term double bottom reversal pattern as it heads back to test the neckline resistance. A break higher could confirm that a climb of the same height as the chart formation might follow. The […]
Bitcoin: USD/BTC (BTC=X) raised the odds of a rally to the psychological hurdle of $4,000 With bitcoin’s (BTC) quick reversal of the losses seen on Monday, the technical charts are again pointing to a rally to $4,000. The leading cryptocurrency by market capitalization jumped to a high of $3,877 yesterday, before seeing a UTC close […]
Bitcoin: USD/BTC (BTC=X) struggling to demonstrate strength at the $4,000 resistance level In the last 24 hours, the Bitcoin price has slightly dropped from $3,860 to $3,770, struggling to demonstrate strength at the $4,000 resistance level. Despite the lack of momentum on the price trend of Bitcoin, several crypto tokens in the likes of Binance […]
Bitcoin: USD/BTC (BTC=X) Slow and Steady Rise Back to Previous All-Time High BTC is currently trading at around $3,700 today, following a fall from local highs of over $4,200. These numbers would have been laughable back in December 2017 when Bitcoin was trading anywhere from $13,000 to a high if $20,000. But after Bitcoin’s parabolic advance […]
Bitcoin: USD/BTC (BTC=X) Still Could Be The ‘Next Big Thing’ Although many cynics, including Warren Buffet, Jamie Dimon, and the rest of the skeptics in that Wall Street posse, would claim that Bitcoin is inevitably going to bite the dust, this might not be the case. More specifically, in the current context of the embattled macroeconomy, […]
Bitcoin: USD/BTC (BTC=X) poised to break its six-month losing streak The bitcoin price has lost ground every month since September, taking a heavy blow in November due to a developer civil war that threatened to tear apart bitcoin rival, bitcoin cash. But the bitcoin bulls have been out in force over the last few weeks, […]
Will Bitcoin: USD/BTC (BTC=X) become world’s reserve currency? Apple’s co-founder Steve Wozniak spoke about Bitcoin at one of Bloomberg’s events on 26 February 2019. He also addressed topics ranging from AI and Machine Learning to Bitcoin, and how it will become the world’s reserve currency. Steve Wozniak, aka The Wonderful Wizard of Woz, is an […]
Bitcoin: USD/BTC (BTC=X) Drop Towards $3,200 Unless it Finds Continued Bullish Momentum Although BTC’s ability to climb back above its 100-day moving average and to hold above the bottom of its parallel trading channel is positive, one analyst believes that Bitcoin may soon target its 2018 lows in the low-$3,200 region in the near-future if it is […]
Bitcoin: USD/BTC (BTC=X) Warren Buffett is doubling down on his bitcoin criticism Billionaire investor Warren Buffett is doubling down on his bitcoin criticism. “Bitcoin has no unique value at all,” Buffett told CNBC’s Becky Quick in a “Squawk Box ” interview Monday. “It is a delusion, basically.” The Berkshire Hathaway CEO said he is sympathetic to optimists who bought the […]
Traders Hint At Bitcoin: USD/BTC (BTC=X) Market Bottom The prominent industry commentator claimed that BTC’s recent move allowed it to break out of its short-term falling wedge and bull flag, along with a longer-term “major bear pennant” — an evidently positive sign. Rand added that from volume readings should also spark some form of optimism, […]
Bitcoin: USD/BTC (BTC=X) survey suggests there’s a growing interest Bitcoin has struggled over the last year as the market nurses a hangoverfrom its epic 2017 bull run that saw the bitcoin price explode from under $1,000 at the beginning of the year to almost $20,000 in fewer than 12 months. The bitcoin price has so far failed to break out […]
Bitcoin: USD/BTC (BTC=X) Likely to Drop Before Climbing Higher Because Bitcoin’s recent rally has stalled, analysts now believe that it needs to drop lower before garnering enough buying pressure to push it above $4,000. Flood, an extremely popular cryptocurrency trader on Twitter, told his over 60k followers that he thinks BTC will drop to $3,800 […]
Bitcoin: USD/BTC (BTC=X) has surged more than 10% since JPMorgan announced on Thursday that it would launch its own cryptocurrency, called “JPM Coin Bitcoin hit a high of $US4,002.71 a coin on Tuesday, just days after JPMorgan said it would launch its own cryptocurrency that was tied to the US dollar. The largest cryptocurrency by market […]
Will Bitcoin: USD/BTC (BTC=X) test $4,000? Will Bitcoin test $4,000? If it does, will BSV break out and re-test $100? It’s hard to say from here, with $150 to go. People have had a couple months of opportunity to buy well beneath this level, so a dump frenzy could happen, which could bring the shyness […]
Bitcoin: USD/BTC (BTC=X) Top Cryptos See Minor Losses Most of the top 20 cryptocurrencies are reporting minor losses on the day by press time. Bitcoin (BTC) has fallen under the $3,650 mark again, according to Coin360 data. At press time, Bitcoin is down 0.18 percent on the day, trading at around $3,631, after a brief mid-day high of $3,680, according […]
Bitcoin: USD/BTC (BTC=X) Volume Spikes, But Price Remains Unfazed At the time of writing, Bitcoin is trading down nominally at its current price of $3,620. Ever since BTC made its large price swing last Friday, it has been trading sideways around its current price levels. Earlier today, BTC experienced a massive and unusual trading volume spike that […]
Bitcoin: USD/BTC (BTC=X) little fundamental news to drive prices action Bitcoin prices fell Wednesday, extending the slide that has seen the cryptocurrency fall 5% since making a three-week high above $3,700 last week. In early afternoon trading, one bitcoin, BTCUSD, +0.29% the world’s largest digital currency, was changing hands at $3,576.60, down 0.2% since Tuesday at 5 p.m. […]
Bitcoin: USD/BTC (BTC=X) May Soon See Increased Selling Pressure At the time of writing, Bitcoin (BTC) is trading down 0.5% at its current price of $3,630. In the time following last Friday’s price rally, BTC has been relatively stable, and has found some levels of buying support in the low-$3,600 region. Although its ability to maintain its […]
Bitcoin: USD/BTC (BTC=X) isn’t quite in a bull market yet Following the crypto market’s quiet weekend trading session, most cryptocurrencies have continued to trade flat, and have thus far maintained nearly all of their recent price gains that were incurred during Friday’s market surge. Bitcoin (BTC) has found stability in the mid-$3,600 region and appears […]
Bitcoin: USD/BTC (BTC=X) May Soon Surge to $5,000 Following the positive volatility the markets experienced on Friday, Bitcoin (BTC) has been able to find stability in the $3,600 region, signaling that bulls are not ready to surrender the cryptocurrency’s recent price gains. Now, one analyst is claiming that Bitcoin may surge as high as $5,000 […]
True believers in Bitcoin: USD/BTC (BTC=X) and blockchain technology still gush about its enormous potential Bitcoin might be down 80% from its peak, but true believers in cryptocurrencies and blockchain technology still gush about its enormous potential.Some still see bitcoin as the ultimate hedge against disaster.”There is a really good chance we have something better than […]
Bitcoin: USD/BTC (BTC=X) Sinks to Weekly Low at $3,400 After an extended period of sideways trading in the mid-to-upper $3,400 region, Bitcoin (BTC) has failed to break through its nearest resistance level at $3,500, which has led the cryptocurrency to drop to its support level at $3,400. Although BTC has yet to break decisively below […]
Bitcoin: USD/BTC (BTC=X) Volatility Plunges, Likely to Increase Significantly in Near Future At the time of writing, Bitcoin is trading up marginally at its current price of $3,460. Over the past seven days, Bitcoin has been trading choppily between approximately $3,400 and $3,500 and has been narrowing this range over the past couple of days. This isn’t […]
Bitcoin: USD/BTC (BTC=X) bounce that could see the cryptocurrency end the year at nearly double its current price A bitcoin renaissance could see the digital currency rise by as much as 84 per cent by the end of 2019, according to a panel of experts polled by Finder.com.au. After peaking at $US20,000 in December 2017 […]
Bitcoin: USD/BTC (BTC=X) hovering over the $3,450 mark again Bitcoin is down a fraction of half percent on the day, trading at around $3,476, according to CoinMarketCap. Looking at its weekly chart on CoinMarketCap, the current price is about 3 percent lower than $3,594, the price at which Bitcoin started the week. The stock market is […]
Bitcoin: USD/BTC (BTC=X) Relative Strength Index (RSI) for the cryptocurrency has reached the oversold area Despite Current Trends, Investors Should Stay Calm According to the Forbes article, crypto investors should not adopt a bearish attitude, even if the Bitcoin price goes below the US $3,000 threshold. The Relative Strength Index (RSI) for the cryptocurrency has reached the […]
Bitcoin: USD/BTC (BTC=X) has now entered a new selling trend for the first time since mid-November The bitcoin price has been trading around the $3,500 mark over the last month, falling to lows of $3,322 this week, according to prices from the Luxembourg-based Bitstamp exchange. Lingham’s warning follows worrying reports that bitcoin could be headed for […]
Where is Bitcoin: USD/BTC (BTC=X) Heading Next? After an extended period of sideways trading, Bitcoin (BTC) experienced a large downwards swing yesterday that caused the cryptocurrency to break below it previously established support level in the low-$3,500 region. Although this drop seemed significant, BTC has found support in the $3,400 region, and it is still […]
Bitcoin: USD/BTC (BTC=X) market suffered widespread losses Bitcoin reached a six-week low today, declining below $3,400 as the broader cryptocurrency market suffered widespread losses. The world’s largest digital currency by market capitalization (market cap) dropped to $3,374.46 at roughly 10:40 a.m. EST, according to CoinDesk bitcoin price data. This was the lowest value since December 17. At […]
Bitcoin: USD/BTC (BTC=X) Crypto Traders Optimistic Bitcoin Price Gets Hammered, Traders Optimistic In the past hours (per the time of writing), the value of cryptocurrencies across the board have fallen dramatically. Bitcoin (BTC) is currently posting a 2.3% loss, falling to the $3,500 price level for the umpteenth time in weeks. Altcoins, interestingly, have had […]
Bitcoin: USD/BTC (BTC=X) Price Could Sink Even Further Analysts at JP Morgan have predicted that Bitcoin (BTC) could fall below $1,260, while banks will not benefit from blockchain for at least three to five years, Reuters reported on Jan. 24. According to Reuters, analysts from the major global investment bank think that the true value of cryptos is still unproven, and that they only make sense in a […]
Hopes for a Bitcoin: USD/BTC (BTC=X) exchange traded fund are being dashed Hopes for a bitcoin exchange traded fund are being dashed, for now. Cboe Global Markets pulled its application on Wednesday for what would be the first-ever bitcoin exchange traded fund, or ETF, according to a filing with the Securities and Exchange Commission. The SEC’s approval […]
Bitcoin: USD/BTC (BTC=X) recent flop has led to another depreciation in its value Bitcoin is facing another catastrophic fall, according to cryptocurrency experts, which could result in it exponentially rising once again. The internet based currency has been extremely turbulent, spiking and plummeting as people regularly gain and lose confidence. As such, Bitcoin’s value remains […]
Bitcoin: USD/BTC (BTC=X) Continued Risk of Weakness Yesterday, there was a significant downward move below the $3,650 support level in bitcoin price against the US Dollar. The BTC/USD pair even traded below the $3,560 support level and the 100 hourly simple moving average. It spiked below the $3,500 support and a low was formed near the $3,465 […]
Bitcoin: USD/BTC (BTC=X) failed to maintain its recently established position in the $3,700 region Yesterday, Bitcoin surged to highs of over $3,750, which appeared to many analysts to be an important price level that would lead to a further surge into the low-$4,000 range. Despite this, BTC’s bulls were not able to muster up enough buying pressure […]
Bitcoin: USD/BTC (BTC=X) Bulls Could Push Bitcoin to $5,000 if Support Continues to Hold In the long-term, analysts have expressed that Bitcoin is likely caught in a relatively large trading range between $3,000 and $5,000. Within this, BTC’s recent price action signals that it is likely caught in a much tighter trading range between $3,550 […]
Bitcoin: USD/BTC (BTC=X) At Risk of Sharp Decline Recently, there was a decent support formed near $3,550 in bitcoin price against the US Dollar. The BTC/USD pair started a short term recovery and moved above the $3,600 and $3,620 resistance levels. There was also a break above the 50% Fib retracement level of the last side from […]
Bitcoin: USD/BTC (BTC=X) bullish beginning to the year appears to have bottomed-out Bitcoin’s bullish beginning to the year appears to have bottomed-out, with early gains starting to slump. So how realistic are reports the volatile cryptocurrency could commence a new bull cycle? Bitcoin’s (BTC) fortunes fluctuated during the last 12 months, with its value dropping from […]
Bitcoin: USD/BTC (BTC=X) Sees New 2019 Lows Bitcoin (BTC) has hit a new 2019 low, trading at $3,552 around press time as other major cryptocurrencies are facing moderate losses. Bitcoin has lost another 2 percent in 24 hours, with its price barely reaching $3,600. Although some reports predicted major market movements due to the recent activation of long-dormant Bitcoin wallets, […]
Bitcoin: USD/BTC (BTC=X) short term breakout pattern forming with resistance near $3,650 This past week, bitcoin price started a major downward move from the $4,037 swing high against the US Dollar. The BTC/USD pair declined heavily and broke the $4,000, $3,800, $3,725 and $3,650 support levels. The decline was nasty as there was a close below the […]
Bitcoin: USD/BTC (BTC=X) Sentiment Turns Negative Bitcoin lost more than 10% today, following many digital currencies lower after market research showed a decline in investor sentiment. The price of bitcoin had fallen to as little as $3,570.29 at the time of report, down roughly 10.6% in the last 24 hours and 11.2% from the start of the day, […]
Bitcoin: USD/BTC (BTC=X) $4,000 acts as its new cushion The cryptocurrency market’s roller-coaster ride in 2019 has been ongoing with several coins seeing ups and down on the price charts. Popular cryptocurrencies like Bitcoin [BTC], Ethereum [ETH] and XRP witnessed stagnated price holds in a scenario where Ethereum overtook XRP to become the second-largest cryptocurrency. […]
Bitcoin: USD/BTC (BTC=X) Increasingly Bullish Sentiment Although many investors and analysts alike were disappointed that Bitcoin and the overall cryptocurrency markets did not end 2018 on a high note, the markets may be seeing increasingly bullish sentiment from traders and investors alike, according to new data. If Bitcoin’s price does begin climbing as this data […]
Bitcoin: USD/BTC (BTC=X) could enjoy additional gains after breaking through $4,000 Bitcoin could enjoy additional gains after breaking through $4,000, according to sentiment data and technical analysis. The cryptocurrency reached as much as $4,063.95 around 12:30 EST on Sunday, January 6, according to CoinDesk bitcoin price data. Since then, bitcoin prices have largely fluctuated between $3,950 and $4,050, additional […]
Bitcoin: USD/BTC (BTC=X) Still Uncertain With a $7 billion increase in the combined value of cryptocurrencies, the market has initiated a decent short-term price movement. But, as a cryptocurrency trader with an online alias “The Crypto Dog” said, the valuation of cryptocurrencies would have to break out of major resistance levels in the range of […]
$BTCUSD ‘Capitulation’ is Bitcoin (BTC) investors word of the year. Bitcoin rose to $20,000 and fell to $3,700 the market is open at the time of this writing leaves players wondering if Y 2019 is a Year for Bulls. Bitcoin is a new, low volume asset class trying to gain traction, as the fundamentals play […]
Bitcoin: USD/BTC (BTC=X) 2019 Outlook Overall, the bias in prices is: Downwards. Note: this chart shows extraordinary price action to the upside. The projected upper bound is: 10,895.69. The projected lower bound is: -302.02. The projected closing price is: 3,796.84. Candlesticks A black body occurred (because prices closed lower than they opened). During the past […]
Bitcoin: USD/BTC (BTC=X) price struggled to gain traction above the $3,840 There was an increase in selling pressure on bitcoin price after it failed to clear the $3,850 level against the US Dollar. The BTC/USD pair started a downside move and broke the $3,800 and $3,700 support levels. It even broke the $3,600 level and […]
Bitcoin: USD/BTC (BTC=X) fresh upward move above the $3,900 and $4,000 Yesterday, we saw a major downside correction in bitcoin price below the $4,000 support against the US Dollar. The BTC/USD pair even declined below the $3,800 support before buyers appeared near the $3,680 level. A low was formed at $3,684 and later the price started a […]
Bitcoin: USD/BTC (BTC=X) many miners are still finding it difficult to remain profitable Bitcoin’s mining difficulty has dropped more than 7 percent over the past 24 hours as the fallout of the prolonged market rout continues. Despite a recent recovery that has taken bitcoin above $4,000, many miners are still finding it difficult to remain […]
Bitcoin: USD/BTC (BTC=X) Continues Squeeze to $4500 Bitcoin (BTC/USD) continues its path to higher highs as crypto bulls show no signs of exhaustion. Less than 48 hours ago BTCUSD was still trading at $3250. In what seems like no time at all bitcoin is back to its old ways again slicing through $3750 resistance, currently trading $4000, a +25.81% increase since its previous lows last […]
Bitcoin: USD/BTC (BTC=X) fresh round of gains across major cryptocurrencies Bitcoin (BTC) saw a sudden surge Dec. 18 to regain support at $3,500, sparking a fresh round of gains across major cryptocurrencies. BTC/USD hovered around $3,516, up 2.5 percent and capping gains of $260 in the past 24 hours. The same date in 2017 marked the second […]
$BTCUSD , $CME, $CBOE The year long digital-asset slump is scaring off institutional money, according to JPMorgan Chase & Co., suggesting a taste for the cryptocurrency markets is fading way. “Participation by financial institutions in Bitcoin trading appears to be fading,” JPM analysts wrote in a research note dated 14 December. “Key flow metrics have downshifted […]
Bitcoin: USD/BTC (BTC=X) major trend remains down Bitcoin is trying to pull back from the $3,500–$3,000 support zone. In this leg of the down move that started on Nov. 14, the pullbacks have not lasted more than three days. Hence, we remain cautious. The downtrend line and the 20-day EMA are both placed at the same […]
$BTCUSD Bitcoin’s (BTC) value has fallen by about 75% YTD, driving the original and biggest cryptocurrency back to marks not seen before meteoric rise. Plus, the price is not the only component of trading that has changed. The retail investors behind Bitcoin’s ascent to a record near $20,000 last December have left the game, leaving […]
Bitcoin: USD/BTC (BTC=X) forming a short term base near $3,120 This past week, bitcoin price remained in a slow and steady downtrend from the $3,640 high against the US Dollar. The BTC/USD pair traded lower and broke the $3,400 and $3,320 support levels. The decline gained pace and the price traded to a new yearly low at […]
Bitcoin: USD/BTC (BTC=X) downtrend extends stronger and dips further below every day as the prices collapse Uptrend for Bitcoin seems like a distant memory, but the downtrend extends stronger and dips further below every day as the prices collapse. The downtrend currently extends from $5,518 to $3,440. The prices for Bitcoin are holding above the support […]
Bitcoin: USD/BTC (BTC=X) preparing for a breakout? The bitcoin price on Wednesday jumped as high as 4.65 percent from its opening price and established an intraday high at $3,488. The BTC/USD rate is now trading at 3440-fiat on the Coinbase exchange, coupled with a notable rise in daily volatility. The pair on December 7 established its yearly low at […]
Bitcoin: USD/BTC (BTC=X) Target $3000 The price of Bitcoin has surprised several investors in the last few months when it was traded under $4,000. At the beginning of the year, $4,000 was a price that nobody was expecting by the end of the year. And it seems that Bitcoin could keep falling and reach new […]
Bitcoin: USD/BTC (BTC=X) bear continues its rule The current cryptocurrency market has seen something of a roller coaster, with some coins seeing bullish gains while others are still crumbling under the bear’s pressure. Popular cryptocurrencies like Bitcoin [BTC], XRP and Ethereum [ETH] have been seeing surprising gains, with the bear still looming large. Bitcoin’s one-day […]
Bitcoin (BTC) Short Bets Spike $BTCUSD The pessimistic sentiment around Bitcoin (BTC) prices saw the number of shorts spike to a 6-week high Thursday. Bitcoin is on track to post its biggest annual price drop on record. That would change only if prices rise above $5,959. The symmetrical triangle breakdown favors a drop to $3,474. […]
Bitcoin (BTC) Seeing Low, Break Below $3,500 at Risk $BTCUSD Wednesday, Bitcoin prices traded to their lowest marks in a week and were on the brink of falling below a psych mark below $3,500. Broad-based decline has erased $9-B off the total value of all cryptocurrencies this week The price of a Bitcoin, the world’s largest […]
Bitcoin: USD/BTC (BTC=X) Support At $3,700 At spot prices, BTC is back to green and up three percent from last week’s close but stable below $4000 in the last day. Of note though is the rejection of lower lows below our sell trigger line and main support at $3,700. Because of the long lower wick […]
Bitcoin (BTC) Bounces Off of Lows $BTCUSD The bounce off of 1-week lows seen Tuesday may have helped bitcoin (BTC) avert a bigger sell-off. The leading cryptocurrency by market cap established a Bearish lower-high pattern at $4,400 last week and closed well below $4,000 Monday, confirming an end of the corrective bounce. As a result, BTC […]
Bitcoin: USD/BTC (BTC=X) down 80% since last December Fundamentals are extremely bullish and with regulators amending/formulating new laws, it’s clear that Bitcoin is here to stay. That could explain the increasing level of use, institutional interest and more funds for infrastructure development. Thing is, poor policies can cause irreparable damage for an economy. Unfortunately, then […]
Bitcoin (BTC) Falls 8%,14-Month Lows In Sight Again $BTCUSD The major cryptocurrencies traded lower Monday, unable to capitalize on last week’s rebound off multi-month lows. Bitcoin (BTCUSD, the world’s largest cryptocurrency, has fallen as much as 8% and is nearing last week’s multi-month low around $3,500. On the Kraken cryptocurrency exchange, a Bitcoin was fetching $3,822.50, […]
Bitcoin: USD/BTC (BTC=X) optimistic market expecting entry of institutional grade investors Technically, BTC/USD is bearish but with increasing adoption and an optimistic market expecting entry of institutional grade investors thanks to Fidelity Custodial Services, launch of NASDAQ Bitcoin Futures and a likely approval of Bitcoin ETF by the SEC, digital asset investors are set to […]
Bitcoin’s (BTC) Price Dove 36% in November $BTCUSD Overview The Bitcoin market is likely showing signs of capitulation. A break below the neckline support at $4,120 has neutralized the immediate Bullish outlook put forward by the double bottom breakout Thursday. A move below $3,771 invalidates the Bullish setup on the daily and allow re-test of the recent […]
Bitcoin: USD/BTC (BTC=X) Could Rally To $6,000 by Dec After weeks–and even months– of lower lows that have seen Bitcoin drop from $20,000 to just over $3,500, hints are beginning to emerge of a possible recovery. So far, BTC/USD is down five percent in the last week—revealing the much needed correction as it was down 20 percent […]
Bitcoin (BTC) +15% Driving Market Value of Cryptocurrencies Due North $BTCUSD, $ETHUSD Wednesday, all digital currency prices spike due North, with most major coins/token recording double-digital gainers. Bitcoin, BTCUSD, the world’s #1 digital currency, was trading at $4,370.30, up 15% since Tuesday at 5:00p. ET on the Kraken exchange and on track for its best day in […]
Bitcoin: USD/BTC (BTC=X) struggled to break the $4,120 resistance Yesterday, we saw a short term upside move above $3,600 and $3,800 in bitcoin price against the US Dollar. The BTC/USD pair traded above the $4,000 barrier as well, but it failed to hold gains. The price was rejected near the $4,100 barrier and the 100 […]
Bitcoin (BTC) Gets Positive Signal From NYSE’s Chairman $BTCUSD, $ICE The correction is the market had been healthy Bitcoin has seen a deep dive in price over the 11 months, but the CEO of one of the world’s biggest exchange operators is not deterred from entering the cryptocurrency space. Jeffrey Sprecher, CEO of IntercontinentalExchange (NYSE:ICE) […]
Bitcoin: USD/BTC (BTC=X) remains in a downtrend as long as it is below $4,500 There were continuous declines in bitcoin price from the $5,700 swing high against the US Dollar. BTC/USD declined steadily and broke many supports, including $4,800, $4,400, $4,020 and $3,860. A new yearly low was formed at $3,651 and later the price […]
Bitcoin (BTC) Price Dives 12%, Sentiment Sours $BTCUSD Monday, Bitcoin (BTC) plunged more than 12%, extending declines in recent weeks in a broad-based selloff in digital currencies as sentiment sours. Several factors have accelerated the downturn, analysts said, including increased US regulatory scrutiny and a delay to January 2019 of the widely-anticipated launch of Bitcoin […]
Bitcoin: USD/BTC (BTC=X) fell significantly and traded below $4,000 This past week, there was a tiny upside correction above the $4,300 level in bitcoin price against the US Dollar. However, the BTC/USD pair failed to gain traction above the $4,400 and $4,500 resistances. As a result, there was a sharp downside move and the price […]
Bitcoin (BTC) Bull’s Touting Collapse as a Buying Opportunity $BTCUSD,$GLD Saturday, Bitcoin (BTC), the world’s largest digital currency, crashed through the $4,000 pyche mark, falling as much as 15% and hitting a fresh 14-month low below $3,500. Saturday’s decline marked the 12th losing session in the past 14 and had Bitcoin BTCUSD, -0.35% on track for its 3rd […]
Bitcoin (BTC) More Southside Action Ahead $BTCUSD After the pause at Thanksgiving, the crypto currency selloff has resumed with all major coins and alt coins trading lower Friday and on track to log their 3rd consecutive weekly declineer. Bitcoin, BTCUSD, +1.41% the world’s largest cryptocurrency, was last changing hands at $4,259.80, down 3.8% since 5 p.m. Eastern Time […]
Bitcoin: USD/BTC (BTC=X) bear trend resumes Though there was a bit of stability yesterday, the decline would continue. First we expect BTC/USD to pull back ideally towards the $5,000–$5,500 before bear trend resumes. As we have seen, price drops are affecting chip-set manufacturers, investors and crypto payment processors as enthusiast refrain from spending BTC. That […]
Bitcoin: USD/BTC (BTC=X) New Yearly Low at $4,280 Over the past 24 hours, the price of Bitcoin fell from $4,900 to $4,280, by more than 12.5 percent amidst an unforeseen short-term price drop. On November 19, a cryptocurrency trader and analyst known as The Crypto Dog stated that $4,800, despite being down from 6,300, is not a […]
Bitcoin: USD/BTC (BTC=X) remains at a risk of more declines After a major drop towards the $5,550 level, bitcoin price started consolidating losses against the US Dollar. BTC/USD corrected a few points above the $5,650 level, but it failed to gain bullish momentum. An initial resistance is the 23.6% Fib retracement level of the last […]
Bitcoin (BTC) Dives Below $5,000 $BTCUSD The fall in cryptocurrencies has accelerated, with Bitcoin piercing the $5,000 mark for the 1st time since October 2017 on speculation that increased regulatory scrutiny will prompt issuers of ICOs to liquidate holdings. Bitcoin declined as much as 9.1% to $4,958, falling for an 8th day running in what […]
Bitcoin: USD/BTC (BTC=X) resistance at $5,550 This past week, we saw a nasty decline from the $6,300 swing high in bitcoin price against the US Dollar. The BTC/USD pair collapsed below the $6,000 and $5,800 support levels to enter a bearish zone. The price even settled below the $5,800 level and the 100 simple moving […]
Bitcoin: USD/BTC (BTC=X) likely to face sellers near $5,615 or $5,815 Yesterday, we discussed a possible sell scenario below $6,350 in bitcoin price against the US Dollar. The BTC/USD pair broke down and nosedived below a few important supports such as $6,150, $6,000 and $5,650. The decline was such that the price traded below $5,400 […]
Bitcoin (BTC) Falls, Bringing Down the Entire Cryptocurrency Market $BTCUSD For months, the price of Bitcoin has been hanging around the mid-6,000’s mark. But now, the most popular cryptocurrency has plummeted by 12% over the last day, hitting a value just above 5,500. The total market capitalization for Bitcoin now stands at $96-B, the 1st […]
Bitcoin: USD/BTC (BTC=X) bulls might see bounce-back Bitcoin [BTC] has recently seen a drop, breaking the resistance at the $6,220-mark to provide an extremely bearish outlook. However, traders might see an opportunity for a retracement as the coin is yet to recover to its previous support levels. There is no visible uptrend, as the price […]
Bitcoin (BTC) Dives to a New Low on the Year $BTCUSD Bitcoin fell more than 7% Wednesday The major cryptocurrency dove to $5,390.12 marking a new low on the year. Ethereum and XRP, the 2nd and 3rd largest cryptocurrencies fell 13% and 15% respectively. Bitcoin’s last several months of relative stability came to a halt […]
Bitcoin: USD/BTC (BTC=X) ready for a rally? Even in the midst of the last 10 month consolidation inside a descending wedge with supports at $6,000, it appears as if BTC/USD is ready for a rally. First, thanks to the hype element around Bakkt launch and Bitcoin ETF, there is a sentimental support. Secondly, from candlestick […]
Bitcoin: USD/BTC (BTC=X) struggling to break the $6,460 Recently, we discussed that bitcoin price turned short term bearish below the $6,510 support against the US Dollar. BTC/USD extended its decline below the $6,460 support and traded towards the $6,350 level. Buyers pushed the price above the 23.6% Fib retracement level of the last downside leg […]