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The world’s biggest cryptocurrency by trading volume is back at $6,300 after an interesting week of highs and lows. As the charts show, the past week was marked by increased trading interest which took the market from being bullish to bearish and then bullish again as investor sentiment changed. But
The past week was a hard time for Bitcoin as the cryptocurrency slid off from app. $7,500 to losing short of $1,000 in a matter of a day. However, despite the rumors of a Bitcoin whale unloading $1 billion worth of coins, there is no confirmation that the big price
Bitcoin is once more heading towards $7,500 after drawing a curve on the price charts last week supported by increased trading interest. Like Forbes reported, BTC price reached a one-month peak yesterday, pulling other digital currencies along with it. In the course of Monday to Tuesday, Bitcoin grew 2.2% to
As we discussed in our last week’s update, Bitcoin’s bullish market drove the price over $6,700 to break past the $7,000 range this week. Thanks to a stronger buying sentiment, Bitcoin has reverted back to former positions and is looking at a further increase according to current market signals, but
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