Posts Tagged: Bitcoin technical analysis

Bitcoin Reaches $8,300; Will It Hold?

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

Bitcoin Nears $7,500; Kodak Mining Plan Fails

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

Bitcoin Hit by Sellers; South Korean Exchanges Suffer Hacks

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

Bitcoin Drops to $6.5K; The Lowest Since February

In another week of low-volume trading, the world’s largest digital coin, Bitcoin, drops to $6,500. The cryptocurrency finished last week on a positive note, closing near $7,600 on Friday. However, due to lowered interest and bearish trends, the coin lost over $1,000 in just two days while current market signals

Bitcoin Rises As Italian Crisis Deepens

Bitcoin has once again proved that it is a valuable safety asset in times when global financial markets are going through a crisis. Namely, after falling down to nearly $7,000, the world’s most popular cryptocurrency started an ascending path as the political crisis in Italy deepened over the weekend and

Bitcoin Drops to $8,000; Bitcoin Pizza Day Celebrated

Bitcoin went through another tough week as the price of the cryptocurrency struggled to climb back upwards to $9,000. Lead by a stronger selling sentiment and relatively low trading volume, the market drove the price downwards by around $500 shortly after it climbed to $8,500, crushing hopes of a stronger

Bitcoin Pulls Back; Fed Paper Blames BTC Futures for Price Drops

Bitcoin has fallen back to $9,000 again during the weekend thanks to an increase in bearish pressure. The recent price decline, to some extent, could have been triggered by the criticism towards Bitcoin from billionaire Warren Buffett and tech magnate Bill Gates during an interview on CNBC’s Squawk Box. Nevertheless,

Bitcoin Over $9,000; Will it Replace Cash?

Bitcoin is currently trading just above $9,000 per coin after a week of moving above and below this price range. Just when an overall bullish market was hinting at a break over $10,000, the cryptocurrency suffered a price correction that was likely triggered by profit makers who wanted to capitalize

Bitcoin Heads to $10,000 as Financial Markets Decline

Bitcoin’s USD price has climbed over $9,000 at the start of this week, marking a $1,000+ increase from 7 days ago. After a whole month of price drops and small upswings, the biggest cryptocurrency by market capitalization has finally pulled away from the $8,000 range and is now heading towards

Bitcoin Breaks $8,000; Has It Bottomed Out?

After weeks of ups and downs and struggling to maintain a price range, Bitcoin finally had a successful week after the cryptocurrency broke through the $7,000 mark on Thursday and began its ascend over $8,000. Currently, market signals indicate that the price increase could continue as long as the bullish