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A week after suffering a drop below $6,000, Bitcoin is again in the green zone and trading around $6,700, fueled by a predominantly bullish market. While the past weeks have shown that Bitcoin and other alternative cryptocurrencies are still quite vulnerable to shifting market sentiments, what’s positive to note is
Just like we predicted a few weeks back, the month of August became a testing time for Bitcoin after the cryptocurrency saw a sudden price boost to over $8,000 at the end of last month. Like it was expected, during the past seven days Bitcoin’s price tumbled down significantly as
Bitcoin has once again fallen down below $7,000, confirming the predictions we shared two weeks ago that Bitcoin’s price will see a correction after it hits $8,000, as was hinted by the strong overbought signals on short-term price charts. Fortunately, analysts predict that the price drops will be temporary and
In last week’s post the main question was whether the Bitcoin would manage to hold its position above $8,000. Regardless the enthusiasm, the world’s most popular cryptocurrency lost its strength and dropped under the threshold. The situation was positive until yesterday when a significant fall landed the Bitcoin at $7,723.
During the past week, Bitcoin continued its rally on the back of a strong bullish sentiment, rising approximately $1,000 in the course of seven days. As we predicted in our last update, once Bitcoin’s price broke $7,700, it set on a new ascending path. And once again, this path was
After nearly a month of struggling to break past the $7,000 range, Bitcoin’s price has finally reached a new level and began trading over $7,300. As shown by market statistics, the increase in price was made possible by an increased interest in trading the coin and an overall bullish sentiment
The price of Bitcoin drops below last week’s range as the trading market remains pro-sell. After a brief bull run pushed the cryptocurrency’s price upwards at the start of this week, Bitcoin lost over $300 in value on Tuesday, crushing hopes that a stronger rally will be formed to boost
Although a week ago the trading signals suggested Bitcoin could be in for a slide, the world’s largest cryptocurrency by trading volume managed to hold its position and climb well over it. Aided by increased interest in the coin and a buying sentiment, Bitcoin managed to break over $6,500 at
World’s most popular cryptocurrency has escaped the feared fall below $6k as the day’s range so far has been moving between $6,026 and $6,261.7. The Bitcoin has been pretty volatile in the past seven days and, as the chart reveals, on 18th of June the cryptocurrency price per coin dropped
Bitcoin’s price is circling around $6,500 after a week of struggling to establish a higher position. Like it was this entire month, the market is still dominated by sellers and low interest in trading the cryptocurrency, which couldn’t be said for the start of the year when Bitcoin was the