Posts Tagged: Bitcoin technical analysis

Bitcoin Returns to $5.2K; $1 Million Prize Hunt Appears

After two weeks of high trading volume and price increases, Bitcoin is now stabilizing around $5,200 – the same level it established during last week. Following a peak of interest, the cryptocurrency’s daily volume has almost halved but the bullish momentum is still continuing, giving hope to traders expecting new

Bitcoin Overbought; YouTube Accidentally Promotes Malicious Wallet

Despite the strong bullish sentiment we observed at the middle of the past week, Bitcoin’s USD price has failed to establish a new support level at $4,100 and fell below the $4,000 mark today. As our market data shows, the past seven days were a period of high trading volume,

Bitcoin Hits $4,100; IBM Helps With Rally

Despite Bitcoin turning bearish at the middle of last week, the cryptocurrency was able to steer away from the downward path and set on a new course upwards to get close to $4,100, or around $100 short of its February highs of 2019. Supported by a higher trading volume and

Bitcoin is Bearish; Facebook to Compete Against It

We’re at the middle of the week and Bitcoin is back where it was seven days ago after the price failed to set on a new course, despite a significantly higher trading interest when compared to the previous quarter. After a brief price test at the start of the week,

Bitcoin Stabilizing; Coinbase Increases Support

Bitcoin seems to be consolidating after a quite uneventful week marked only by a few changes in the cryptocurrency’s USD value. After achieving a small jump near the end of the weekend, Bitcoin is back at $3,600 again while interest in trading the coin is lower than when compared to

Bitcoin Price Drops; Anonymous Miners Taking Over?

Despite Bitcoin showing bullish signs at the middle of last week, the cryptocurrency actually headed in a different direction during the past couple of days, failing to break the resistance level at $4,200 and dropping down to $3,660. Looking at the stats from this period, it seems that the price

Bitcoin Jumps to $4,000; Winklevosses Not Giving Up

Whereas  the start of last year brought bad news for the world’s most dominant cryptocurrency amidst a global crypto hype, the beginning of 2019 heralds new hope for Bitcoin and other alternative coins. During the first weekend of this year, the coin jumped upwards to $4,000 in USD value supported

Bitcoin Reverts to $3,800; New Facebook Imposters Emerge

After a tough couple of weeks that most of the community labeled as a “crypto winter”, Bitcoin has reverted back to $3,800, raising hope of a possible stop to the big sell-off. Since last week, the price of the coin jumped over $300+ on the back of an increase in

Bitcoin Is Bearish; Mining Companies Still Have Faith in the Coin

Bitcoin is back below $4,000 a week after the cryptocurrency began showing signs that its November price drop could be reversed. Due to an increased interest by buyers who were hoping to make a profit on the latest price correction Bitcoin shot up, only to begin dropping down again on

Bitcoin is Back at $4,000; Nasdaq Still Planning Bitcoin Futures

Bitcoin has recovered slightly after suffering one of the worst bearish markets since its inception, with the cryptocurrency trading near $4,100 as of today. Over the course of one month, Bitcoin lost nearly $2,300 in value after a fairly stable quarter during which the USD price of the coin mostly