Tag: 137K

Bitcoin Correction To $13k On Horizon As Bulls Lose Control at $13.7k

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Bitcoin price struggled to settle above the $13,700 resistance and declined below $13,500 against the US Dollar. BTC is likely to retest $13,000 before it could rise again. Bitcoin started a fresh decline after it faced a strong selling interest near $13,700. The price is trading below the $13,600 support and the 100 hourly simple moving average. There was a break below a crucial contracting triangle with support near $13,600 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is showing bearish signs and it…

Market Wrap: Bitcoin Jumps to $13.7K, Nearing 2019’s High; Ether Volatility Reverses Course

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Bitcoin made gains Tuesday toward its 2019 high while ether’s volatility rose after an October in decline. Bitcoin’s price was on a steady run upward Tuesday, hitting as high as $13,756.33 before settling down to $13,668, according to CoinDesk 20 data. It is now within reach of its 2019 high of $13,879.24; any point above that puts bitcoin prices where they were during the late 2017-early 2018 bull run and subsequent collapse. Increased spot bitcoin volume, at $840 million, helped lead the price higher Tuesday. That figure has averaged $432…