Wild Weekend for Bitcoin Price? US Lockdown Loosens on Memorial Day May 23, 2020

Since dropping below the ascending channel trendline to $8,815 on May 21, Bitcoin (BTC) price has recovered 4.78%. BTC/USD continues to meet resistance at the 20-day moving average, obstructing traders’ desire to push the price above $9,300.  Crypto market weekly price chart. Source: Coin360 In the United States, this weekend includes the Memorial Day holiday, […]

Bitcoin Price Charts Hint at the Most Exciting Breakout in Over a Year May 17, 2020

The price of the top-ranked cryptocurrency by market capitalization, Bitcoin (BTC), is set to explode in the coming week providing the weekly candle opens above $9,200. This would signal the end of a 46-week descending channel that BTC/USD has been locked in since it nearly tapped $14,000 in the summer of 2019.  So is this […]

Bitcoin Price: 5 Things to Know for Crypto Markets This Week (4/27) April 27, 2020

Bitcoin (BTC) has consolidated gains nearer $8,000 — but does the coming week have in store for the asset leaving stocks in the dust? After jumping 10% in a day last week, BTC/USD has managed to keep hold of its gains over the weekend. Cointelegraph considers the major factors which traders should keep an eye […]

Bitcoin Price: 5 Things That Will Impact the Crypto Market This Week April 20, 2020

Bitcoin (BTC) maintained $7,000 despite strong resistance on April 20 as oil crashed through fresh support levels towards $10. Heading into what promises to be a choppy week for traditional markets, here are five things to watch for Bitcoin traders in the coming days. Cryptocurrency market daily overview. Source: Coin360 BTC price resistance Data from […]

Crypto Scams on the Rise and Can Still Affect Bitcoin’s Price April 18, 2020

Bolstered by the new coronavirus pandemic, scams continue to be rampant in the cryptocurrency world. From malware to fake investment programs and even fake donations to health organizations, scammers are known for taking advantage of desperate times and desperate people. One of the most prominent scams in the industry, PlusToken, has come under the spotlight […]

Bitcoin Price in Danger of Dropping Below $6K if Weekly Close Fails April 12, 2020

As the weekend kicked off Bitcoin (BTC) price dropped below $6,900 and at the time of writing the cryptocurrency is struggling to keep hold of $6,800.  Earlier in the week, Cointelegraph contributor Michael van de Poppe suggested that $6,900 was a crucial level for Bitcoin to hold and dropping below this level could kick start […]

Staked Token Supply Doesn’t Correlate with Price, Says Messari Analyst April 3, 2020

As cryptocurrency markets are highly volatile, crypto players can’t stop arguing about what really impacts the price of certain coins and what does not. Some crypto pundits believe a larger amount of tokens staked in Proof-of-Stake (PoS) blockchains could push the price upwards by reducing the circulating supply, making the remaining tokens more valuable. But […]

Bitcoin Price Inches Higher to $6.7K on $2 Trillion Stimulus Agreement March 25, 2020

Bitcoin (BTC) price is continuing to move higher on March 25 alongside U.S. equities markets, which yesterday saw a historic 11%+ rise on news of a potential multi-trillion-dollar economic stimulus package. This was the single biggest daily rally since 1933.  At press time, BTC price is attempting to establishing a higher foothold at $6,700 while […]

Here's How High Bitcoin Price May Go if $6.4K Becomes New Support March 20, 2020

After rallying 21.6% to a new seven-day high at $6,375, Bitcoin (BTC) traders now seem intent on pushing the price higher to $7,200.  The digital asset has made an impressive 66% recovery since dropping to $3,775 on March 13, and the majority of altcoins are also notching double-digit gains. But how much longer can the […]

Bloody Monday: Bitcoin Price Loses $8K, Oil -30%, DOW Futures Plunge March 9, 2020

Bitcoin (BTC) closed the week at $8,024, a shocking 9.92% loss and a new weekly low not seen since January 13 when the asset traded for $7,946. The abrupt correction took place as DOW, S&P 500 and oil futures plummeted as investor fears over the economic impact of the coronavirus continue to intensify.  Crypto market […]

Price of Bitcoin Drops After $150 Million Liquidated on BitMEX February 27, 2020

Today the cryptocurrency market saw a huge drop in the price of Bitcoin (BTC).  According to the data analytics provider Skew on Feb. 26, over $150 million worth of Bitcoin was liquidated on the trading exchange BitMEX, the most seen since the new year began. Millions of dollars of long and short positions caused the […]

Bitcoin Price Drop Nets Bitfinex 'Whale' $10 Million in 5 Minutes February 16, 2020

Late Saturday night on Feb. 15, Bitcoin (BTC) price briefly reclaimed the $10K mark after a tumultuous day of trading that saw the price drop 5.35% to $9,853. The possibility of a downside break was enhanced by Bitcoin’s failure to hold above $10,330 and for the past 4 days $10,450 to $10,500 served as a […]

Ethereum Price (ETH) Has Surged 92% in 2020 With Targets Set on $300 February 12, 2020

For the second time in two weeks, Ether price (ETH) has notched a new 2020 high. This time the surge from $217.83 to $253.79 occurred as Bitcoin’s (BTC) price reversed course from $9,700s and rallied to a new high at $10,346.83.  As Bitcoin rallied on Feb. 12, many altcoins pulled back in their BTC pairs […]

Bitcoin Price Hits $10,000 for the First Time in 2020 — Up 40% YTD February 9, 2020

Bitcoin (BTC) briefly hit $10,000 on Feb. 9, capping a momentous first month of 2020 to reach its highest level since October last year. BTC seals $10K after three months Crypto market weekly price chart. Source: Coin360 Data from Coinbase exchange and Cointelegraph Markets showed that shortly after 3:00 a.m. UTC BTC/USD moved to $10,000 […]

Truth About Crypto Price Correlation: How Closely Does ETH Follow BTC? February 8, 2020

Cryptocurrency market sentiment is often influenced by various factors, such as expert forecasts or political events. However, if analyzing on a wider time frame, it turns out that the prices of most cryptocurrencies — especially of Ether (ETH) — could mostly depend on the valuation of Bitcoin (BTC). The results of research conducted by analysts […]

Tezos (XTZ) Outperforms Bitcoin Price With 80% Monthly Gain February 6, 2020

Since the start of the year Bitcoin (BTC) has gained approximately 41% and on Feb. 5 the crypto asset thrilled investors as the price broke through the $9,500 resistance and rallied to set a new yearly high at $9,745.  In light of Bitcoin’s strong trend reversal from its 2019 bottom at $6,400, there is a […]

Litecoin Price Gains 22% as Chart ‘Cup and Handle’ Targets $100 January 31, 2020

On Jan. 30 Litecoin (LTC) lit up the charts in both it’s USD and Bitcoin (BTC) pars by rallying more than 20% to secure a spot as the highest daily gainer amongst the top-10 cryptos ranked by market capitalization.  Crypto market daily price chart. Source: Coin360 Investors will recall that in 2019, Litecoin front-ran the […]

Bitcoin Price Rallies to Set a 2020 High Near $9.5K – Is $10K Next? January 29, 2020

Bitcoin (BTC) price has rallied to $9,439 and bulls have again shown that they have no intention of letting the crypto market’s most valuable asset stay below the $9K mark.  Bitcoin daily price chart. Source: Coin360 Earlier in the day Bitcoin’s price dropped below $9,000 to a daily low at $8,879, which led some analysts […]

Bitcoin Price Breaks Through Key Resistance as Traders Target $9.2K January 28, 2020

Bitcoin daily price chart. Source: Coin360 Bitcoin (BTC) bulls appear to have found a second wind which allowed them to push the price above $9,000 to a daily high at $9,150.  As discussed in an earlier analysis, bulls had been fighting to hold the price above $8,800 throughout the day and multiple attempts at knocking […]

Bitcoin Price Blitzes the $8.5K Resistance as Bulls Target $8.8K January 27, 2020

As the weekly close approached, Bitcoin (BTC) price gained above $8,500 after spending the previous day trading in the $8,200 to $8,300 range. At the time of writing, bulls are attempting to push through the $8,500 to $8,650 resistance zone in order to inch toward a daily lower high at $8,800. Bitcoin daily price chart. […]

Bitcoin Price Rally Falters as Bulls Fight to Hold the $8.3K Support January 24, 2020

After three days of trading in a tightening range Bitcoin price (BTC) dropped below $8,300, stopping at $8,264 which is slightly below the $8,300 support and the 200-daily moving average (DMA) at $8,200.  Earlier in the day John Bollinger, the creator of the popular Bollinger Bands indicator, tweeted that the recent pullback should not alarm […]

Bitcoin Price Tightens as Traders Prepare for a Second Shot at $9.2K January 22, 2020

After a strong two week performance that saw Bitcoin (BTC) price rise from $7,700 to $9,200, the top crypto asset appears to be consolidating before making another attempt at $9,200. As this process takes place and Bitcoin’s dominance rate dropped slightly, many altcoins rallied with double-digit gains which brought many to test or even push […]

Bitcoin Price Breaks Above Key Resistance Levels as Bulls Target $8.6K January 14, 2020

Bitcoin (BTC) price has at last crossed above the $8,300 resistance, setting the digital asset up for a run at $8,500 and restoring bullish momentum to the current uptrend which has seen the price rise from $7,655 to $8,536 over the past week.  Cryptocurrency market weekly overview. Source: Coin360 For the second time in a […]

Bitcoin Price Rockets to $8,450 as Iran Attacks U.S. Bases in Iraq January 8, 2020

On Tuesday Bitcoin price continued the rally of the previous day by retaking $8,000 then pushing above the 200-day moving average for the first time since November 2019. The strong upside move also brought the digital asset above the long-term descending channel which formed on Jun. 25 and outside of today’s channel breach, Bitcoin had […]

Bitcoin Price Rallies 5.5% to $8K – Is $8.2K the Next Stop? January 7, 2020

On Monday during the U.S. evening trading session, Bitcoin (BTC) price continued its rally from $7,358 and at the time of writing the price pushed as high as $8,000. For the past week, traders have been closely watching to see if Bitcoin could flip $7,450 from a resistance to support and many suggested that sustained […]