Bitcoin Price Moves above $8,500 as Traders Anticipate Significant Growth

At the hour of composing, Bitcoin is trending up 4.5 percent at its present price level of $8,520, which marks a notable increase from recent lows of just over $8,000, which were set last week when the bears attempted to wreck the recent upside. The price of Bitcoin is currently consolidating above the resistance level and the most significant volume node in the visible profile of the visible range, or VPVR. On the off-chance that Bitcoin can complete bullish consolidation above $8,000, then a balanced upward movement may lead to…

Ultra-Bullish Bitcoin Analyst Predicts $100K Price in Next 24 Months

After a fairly good ending to 2019, Bitcoin has been on a good start in 2020. Since the start of 2020, the Bitcoin price has surged nearly 20% reaching closer to over $8,500 levels. At press time, Bitcoin is trading for a price of $8,534 with a market cap of $154 billion. However, this has got many analysts and Bitcoin enthusiasts talking about future predictions. This has always been the case for Bitcoin which has been the darling of crypto investors over the last few years. A Twitter handle named…

CME Bitcoin Options Trade $2.3M in Debut, BTC Price Hits 2-Month High

Bitcoin (BTC) futures options from CME Group saw volumes in excess of $2.3 million on the product’s first day of public trading, the company has confirmed.  Data from CME’s official website confirmed the successful rollout on Jan. 13, which began as scheduled and ultimately saw 55 contracts change hands.  Investors lap up BTC options products Each contract corresponds to 5 BTC, meaning that at current prices, the 55 contracts were worth $2.34 million.  Bitcoin markets rallied on release day, rising by more than 5% to hit highs of $8,550. Those…

Bitcoin Price Breaks Above Key Resistance Levels as Bulls Target $8.6K

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 week, the price rose above the oft-referenced descending channel trendline which has served as a long term resistance for the last 7 months. While there are some traders who will have bought the breakout above…

Bitcoin Price Rallies 3.7% to Hit 2-Month High

The price of bitcoin (BTC) has risen once again after a successful launch of CME’s bitcoin options surpassed rival Bakkt on its BTC futures contracts in the first day of trade volume. On Jan. 14 at around 00:30 UTC, the price of the world’s largest cryptocurrency by market value rose above an area of resistance that had stifled previous rallies near $8,200 for over a week beginning Jan. 7. As of press time, BTC is changing hands at $8,413 after reaching its highest point in nearly two months at around…

Price Analysis Jan 13: BTC, ETH, XRP, BCH, LTC, EOS, BNB, BSV, XMR, TRX

Though several cryptocurrencies are stuck in a range, the trend is gradually turning positive. Bitcoin has seen an uptick in volumes in the new year. A report by cryptocurrency market research firm Arcane Research shows that 7-day average daily trading volume has surged 126% in a week. Along with Bitcoin trading volume, the CME Bitcoin futures contract has also seen increased activity. The Bitcoin futures open interest has skyrocketed to a seven month high, which is only behind the peak seen at the end of June.  A pick up in…

Bitcoin Makes Biggest Weekly Price Gain Since October

View Bitcoin jumped more than 11 percent last week, confirming a falling channel breakout (bullish reversal) on the weekly chart. The breakout has opened the doors for a re-test of October highs above $10,000. For the next 24 hours, the focus is on $8,200, a level that has proved a tough nut to crack in the last few days. A strong rejection above $8,200 could yield a temporary drop to sub-$8,000 levels. Bitcoin logged double-digit price gains last week, confirming a reversal from a six-month downtrend.   The top cryptocurrency…

Bitcoin Price Can Hit $8.8K But BitMEX Signals Warning — Tone Vays

Bitcoin (BTC) clinched a third day trading above $8,000 on Jan. 13 as weekend trading failed to take away bullish momentum. Cryptocurrency market daily overview. Source: Coin360 BTC: major resistance only at $8,800 Data from Coin360 and Cointelegraph Markets showed BTC/USD begin the week at just over $8,100. After exiting the $7,000 range on Friday, Bitcoin managed to retain higher levels, with only one brief trip below $8,000 late Sunday. Bitcoin 7-day price chart. Source: Coin360 Volatility was notably absent over the weekend, with BTC/USD staying within a corridor of…

Ripple (XRP) Price Won’t Go Down Quietly: Risk of Bounce Grows

Ripple is facing hurdles near the $0.2200 resistance against the US Dollar, similar to bitcoin near $8,200. XRP price is declining, but the bulls are likely to protect $0.2080 and $0.2070. Ripple price is correcting lower after it failed to surpass the $0.2200 resistance against the US dollar. The price remains well supported on the downside near the $0.2080 and $0.2070 levels. Recently, there was a break below a connecting bullish trend line with support at $0.2125 on the hourly chart of the XRP/USD pair (data source from Kraken). The…

Ripple (XRP) Price Won’t Go Down Quietly: Risk of Bounce Grows

Ripple is facing hurdles near the $0.2200 resistance against the US Dollar, similar to bitcoin near $8,200. XRP price is declining, but the bulls are likely to protect $0.2080 and $0.2070. Ripple price is correcting lower after it failed to surpass the $0.2200 resistance against the US dollar. The price remains well supported on the downside near the $0.2080 and $0.2070 levels. Recently, there was a break below a connecting bullish trend line with support at $0.2125 on the hourly chart of the XRP/USD pair (data source from Kraken). The…