Category: Bitcoin Analysis

Bitcoin (BTC) Bulls Unconvincing, Over $1 Billion Lost To Hackers

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Bitcoin (BTC) prices are steady Over $1 billion lost to hackers Hacking is forcing thoroughness in cryptocurrency exchanges. Determined hackers have seen exchanges lose over $1 billion with Bitpoint the latest victim. At the time of writing, BTC is stable, but bears have the upper hand. Bitcoin Price Analysis Fundamentals There is always a risk when trading. Unlike trading traditional securities like bonds or Forex, the cryptocurrency space is unregulated. That is perhaps the reason why government representatives are drumming up for proper regulation. Furthermore, Bitcoin and digital assets are…

Bitcoin Price One Mere Correction Away from Run Toward $14,000

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The cryptocurrency market is quite mundane following an action-less weekend session. Bitcoin price briefly stepped above $11,000 but immediately corrected towards the key support at $10,500. Investors do not mind the calmness across the market as the last couple of weeks have been nothing but a rollercoaster ride. As reported by CCN bitcoin price within the two weeks from July 10 shed 18 percent from levels slightly above $13,000 to the current market value at $10,605. Besides, Bitcoin dived to its lowest levels in July almost breaching the $9,000 level.…

Bitcoin Price (BTC) Could Retest Key Support Before Fresh Increase

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Bitcoin price climbed higher recently above the $11,000 resistance level against the US Dollar. The price spiked towards $11,200 and recently corrected lower below $10,800. There is a connecting bullish trend line forming with support near $10,450 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price could retest the key $10,000 support level before it could rise again towards $11,000. Bitcoin price is struggling to continue higher above $10,800 support against the US Dollar. Therefore, BTC price might decline towards $10,000 before it could start…

Bitcoin And Crypto Market Approaching Next Break: BCH, XLM, EOS, TRX Analysis

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The total crypto market cap is currently trading in a range below the $290.0B resistance. Bitcoin price is also consolidating above the $10,500 support and is preparing for the next move. BCH price broke the $320 resistance, but it is struggling to gain momentum. EOS price is up around 2% and it recently traded above the $4.100 and $4.200 resistances Stellar (XLM) price is slowly moving higher towards the $0.0950 and $0.1000 resistance levels. Tron (TRX) price is likely to continue higher and it might soon break the $0.0300 resistance…

Bitcoin (BTC) Price Weekly Forecast: Approaching Next Crucial Break

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There was a solid upside correction initiated from the $9,100 swing low against the US Dollar. The price gained traction after it broke the key $10,000 resistance area and traded towards $11,250. There was a break above a major bearish trend line with resistance at $10,400 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair tested a crucial resistance near $11,250 and it is currently correcting lower. Bitcoin price is showing positive signs above the $10,250 support against the US Dollar. However, BTC must break…

Bitcoin Flexes Its Muscle, Reclaims $11,000 in Abbreviated Weekend Rally

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Seemingly out of nowhere, the bitcoin price rocketed past the psychologically important $11,000 level this weekend. No doubt traders are getting whiplash from the dramatic swings, as the range-bound BTC then pulled back to just over $10,900. The bitcoin price is off its best levels of the day. | Source: TradingView Not too long ago, Galaxy Digital CEO Michael Novogratz predicted that BTC would be range-bound for a while, suggesting the market would hover between $10,000 and $14,000, which it has. Now he is offering another bit of advice to investors…

Bitcoin Buoyed By Free Marketing, Will BTC Prices Double By 2020?

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Bitcoin (BTC) consolidating below $11,200 Iranians turning to Bitcoin Despite deliberate attacks from politicians, Bitcoin as an innovation is an “unstoppable force”. Fearing the unknown, they are unknowingly marketing BTC as an alternative. For now, BTC is steady, but bears are firmly in control. Bitcoin Price Analysis Fundamentals Cryptocurrency investors and traders are in the space to make money, then later for the technology. At least that is what statistics reveal. Bitcoin may be the first of its kind -and a genuinely successful digital asset that continues to transform lives.…

Bitcoin Price (BTC) Signaling Bullish Continuation To $11K

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Bitcoin price rallied recently above the $10,000 and $10,200 resistance levels against the US Dollar. The price climbed towards the $10,800 resistance and recently started consolidating gains. There is a contracting triangle forming with resistance near $10,700 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price could accelerate towards $11,000 and $11,200 if it clears the $10,800 resistance. Bitcoin price is showing a lot of positive signs above the $10,400 support against the US Dollar. BTC is currently preparing for more upsides and it could…

Bitcoin (BTC) Is Up 6% Even As Sellers Eye $7,500

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Bitcoin (BTC) resurgence, up 6 percent Altcoins dominance fall Superior, Bitcoin is generally in an uptrend despite early July losses. Presently, resistance lies at $14,000, and if buyers overcome this level, then BTC could soar to $18,000 by close of the year. Bitcoin Price Analysis Fundamentals The altcoin world is turbulent. Even if the general notion is that Bitcoin and altcoin prices are in sync, correlating directly with the former acting as a base in most exchanges, thus far, there is a divergence in performance. Contributing to this difference is…

$8,000 BTC a Buy with $20,000 Bitcoin Price Boom in Play, Says Analyst

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The price of bitcoin has been see-sawing since hitting the $13,000-mark in late June as traders believe that the cryptocurrency could witness a significant pullback in the 30 percent to 40 percent range. But one analyst believes that it would be a good idea to buy bitcoin futures if the crypto asset witnesses such a major pullback. BTC’s pullback will be followed by an upswing John Kolovos, chief technical strategist at New York-based Macro Risk Advisors, told Bloomberg in an interview that bitcoin is currently undergoing a correction, but not…