Posts Tagged: Bitcoin technical analysis

Bitcoin’s Price Plunges Dramatically After Yet Another 10% Drop

After a month of price boosts, Bitcoin’s price had dropped dramatically once again. A few days ago, the price dropped sharply in the midst of a global equity markets decline. Investors began unloading their assets as a result, dropping the price even further. El Salvador’s BTC adoption as legal tender

$50,000 Out of Reach for Bitcoin, but Bulls Target a Move Back to $49,000

It’s been a crazy few months for Bitcoin, first falling to the depths under $20,000 only to recover unexpectedly and rise toward $50K once again. In the past week or so, the leading cryptocurrency has been on a roll, constantly fluctuating between $45,000 and $50,000. It has broken the upper

Bitcoin Aims for the $50,000 Resistance, Support Now at $40,000

Bitcoin’s price has seen some development in the past week, but only for a while before stalling. It seems that the world’s leading cryptocurrency is locked in a tight squeeze, being unable to get over the mid $40,000 range. Buyers are still looking forward to the $50,000 resistance level, with

Yet Another Bitcoin Price Slip

The Bitcoin market is clearly in a downward trend, after yet another major price decline among a brutal sell-off. The sell-off was initiated after the unveiling of the Colonial Pipeline attack by hacker group DarkSide. FBI officials have managed to recover part of the $5 million ransom paid to the

Bitcoin Price Soars Amidst USA-Iran Tensions

After months of falling into an abyss that could have spelled its doom, Bitcoin’s price is finally up a notch. Sadly, it might have been inspired by bad news. As tensions arise in the Middle East, Bitcoin’s price has soared high along with gold and oil prices. Prices fuelled by

Bitcoin Volatility Stabilizing; What Will October Bring?

We have seen the digital currency flying all over the chart in the course of the last 30 days, but as August draws to a close, calmer days seem to have come for Bitcoin. On Sunday, August 25th, the cryptocurrency reached its lowest volatility of 64%, and seemed to be

Another Bitcoin Price Drop; Upcoming Events Could Have a Bullish Effect

The past week has seen some massive fluctuations in the world of Bitcoin, proving volatility to be in the core of the cryptocurrency. Bitcoin experts and holders alike are constantly on the lookout for new indications that could give some insight as to the upcoming shift in marketplace. Still, as

Bitcoin Rises; North Korea Continues Hacks

After dropping down below $10,000 during last week, Bitcoin, the world’s biggest cryptocurrency by market capitalization, has rallied once again, gaining over $1,000 in value during the period. According to market charts, the rally was supported by an increase in trading which is clearly evident in the 24-hour trading volume

Bitcoin Bouncing Back Around $10K

After the recent surge which saw the world’s biggest cryptocurrency surge to $13K, Bitcoin’s price has dropped down to the $9K mark. After a modest uptick the past few days, Bitcoin is now once again testing the $10K barrier, with gains of nearly 3% in the past 24 hours. The