Archive | bitcoin price

Bitcoin Price Watch: Currency Spikes a Bit as U.S. Named #1 Trading Region

At press time, bitcoin – the father of all crypto – is trading for just under $6,500. This is somewhat higher than where it was yesterday afternoon, and a positive sign that the market is moving forward. There are a few things happening right now that are potentially affecting the bitcoin price. The first is […]

Bitcoin Price Watch: BTC/USD at Risk of Upside Break above $6,540

Key Points Bitcoin price mostly traded in a range above the $6,300 support area against the US Dollar. There is a crucial breakout triangle pattern formed with resistance near $6,540 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could dip a few points towards $6,380, but it is likely… […]

Bitcoin (BTC) Price Watch: Waiting for a Triangle Breakout

Bitcoin Price Key Highlights Bitcoin price has formed higher lows and found resistance around $6,500 to create an ascending triangle pattern on its 1-hour chart. Price is currently testing the resistance and is nearing the peak of the formation, so a breakout might be due soon. Technical indicators are giving mixed signals on which direction… […]

Bitcoin Price Watch: Currency Slides Up a Notch, but Growth Is Subjective

At press time, bitcoin is trading for just over $6,400. This is about $50 higher than where it stood yesterday. It’s easy to jump into the fray and assume that maybe, just maybe the market is improving once again, but we’ve seen this too many times to enter this conclusion so suddenly. Sadly, bitcoin – […]

Wall Street Demand For Crypto Rises as Exchange Activity Thrives in Bear Market

The interest of Wall Street firms towards opportunities in crypto custody and asset management has continued to increase despite the 80 percent correction the market experienced in 2018. Sanford C. Bernstein & Co. analysts refuted recent reports about the struggle of cryptocurrency exchanges and stated that digital asset trading platforms have been recording solid volumes,… […]

Bitcoin Price Weekly Analysis: BTC/USD Failed Again Near $6,600, Now What?

Key Points Bitcoin price rebounded and moved above the $6,400 level, but it failed near $6,600 against the US Dollar. There was a break below a major bullish trend line with support at $6,460 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair remains in a broad range between $6,000… […]

Bitcoin Price Watch: Some Strange Coincidences Between the Currency and Overstock

At press time, bitcoin has fallen back a bit and is now trading for just over $6,300. This is about $200 less than where it stood yesterday. Some strange occurrences are happening in the bitcoin space. For example, one source notices that there’s a strong correlation between bitcoin and Overstock. Rather, Overstock’s stock (mini tongue […]

Major Exchange CEO: Despite Correction, Demand For Bitcoin Has Not Declined

Yoni Assia, the CEO of major multi-asset trading platform eToro, has said that the correction of Bitcoin is positive for the long-term health and growth of the crypto market. Throughout August, Bitcoin recorded its third major correction in 2018, as its price fell from $8,500 to $5,850. But, shortly after dipping below the important $6,000… […]

Bitcoin Price Watch: Currency Spikes to $6,500 – Many Still Believe in the Currency’s Power

Bitcoin has got everyone going back and forth. At press time, the largest cryptocurrency in the world is again trading for $6,500. The past few days have been an up-and-down journey for the asset, with prices swinging from $6,400, to $6,300, and then falling back down to $6,200 later in the week. The currency has […]

Did Bitcoin Bottom Out at $5,800 and is This the Beginning of a New Rally?

In merely three days, the Bitcoin price has recovered from $5,850 to $6,500, leading the entire crypto market to rebound by a large margin. Followed by the establishment of Bitcoin’s newly found momentum, tokens and small market cap cryptocurrencies have risen by absurdly large margins, by around 30 to 80 percent in the past 48… […]

Daily Recap: Crypto Market Surges as Tokens Including VeChain Spike 50%

The cryptocurrency market has shown a marked recovery from its bearish mood which saw Bitcoin drop below $6,000 to a near 2018 low. While Bitcoin stands at $6,500 today – an increase of over 2% in 24 hours, crypto analysts say that only an upward movement above key resistance at $6,675 would indicate a bullish… […]

Bitcoin Price Watch: BTC/USD Signaling Bullish Continuation Towards $6,700

Key Points Bitcoin price recovered nicely after forming a support base near $6,200 against the US Dollar. There was a break above a key contracting triangle with resistance at $6,375 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair may perhaps continue to move higher towards the $6,570 and $6,750… […]