Why $8.1K Will Be a Key Level for Bitcoin Price for the Next 6 Months

Bitcoin (BTC) is trading at $9,687 representing a 0.87% loss in value in the last 24 hours and 1 % for today’s session Looking at performance relative to its peers, Ether (ETH) and XRP are both underperforming versus Bitcoin at the moment. Ether, the second-biggest cryptocurrency by market capitalization, being down 1.29% and XRP 1.22% in the last 24 hours. But both have outperformed Bitcoin this week with ETH up a notable 9% over the last seven days. Bitcoin dominance remains at 65% and continues to lose ground following a…

3 Reasons for the Bitcoin Price ‘Halving Dump’ From $10K to $8.1K

Bitcoin (BTC) price dropped from $10,000 to $8,100 within just over a day, as it plunged by 9% in a single hour. It liquidated $200 million worth of shorts, obliterating the futures market. The three key reasons that triggered the immense Bitcoin correction were: strong multi-year resistance area above $10,000, whales moving to short the market on BitMEX, and extreme volatility heading into the halving. $10,200 to $10,500 is a multi-year strong resistance area for Bitcoin Since mid-2018, the $10,200 to $10,500 range served as a historically strong area of…

Bitcoin Rises Above $8.1K as Bulls Eye April Gain for Fifth Year Running

Bitcoin’s price jumped above $8,100 on Wednesday, making an April gain for the fifth consecutive year all but certain. The top cryptocurrency by market capitalization rose to $8,191 at 11:15 UTC, its highest level since March 10, according to CoinDesk’s Bitcoin Price Index. At press time, bitcoin is hovering near $8,170, representing a 4.5% gain on the day. Prices are now up 26% on a month-to-date basis and 13.6% year to date. An April gain would be confirmed if priceshold above $6,428, the monthly opening price, through Thursday’s UTC close.…

Bitcoin Rises Above $8.1K, Clinching April Gain for Fifth Year Running

Bitcoin’s price jumped above $8,100 on Wednesday, making an April gain for the fifth consecutive year all but certain. The top cryptocurrency by market capitalization rose to $8,191 at 11:15 UTC, its highest level since March 10, according to CoinDesk’s Bitcoin Price Index. At press time, bitcoin is hovering near $8,170, representing a 4.5% gain on the day. Prices are now up 26% on a month-to-date basis and 13.6% year to date. An April gain would be confirmed if prices hold above $6,428, the monthly opening price, through Thursday’s UTC…