Bitcoin price formed a new yearly high close to $20,000 before correcting lower against the US Dollar. BTC could accelerate its decline if there is a clear break below the 100 hourly SMA. Bitcoin is currently correcting lower below the $19,500 and $19,000 levels. The price is approaching a key support at $18,350 and the…
Bitcoin has undergone a strong surge over the past few weeks, strongly outperforming gold. The price of the leading precious metal has actually dropped strongly over the past few weeks, underperforming the stock market and BTC massively. Many think that it is Bitcoin that may be sucking the wind out of the sails of gold.…
Bitcoin has been on a wild ride throughout the past few days, with bulls sending the cryptocurrency rocketing up to fresh all-time highs yesterday around $19,800 before losing their strength and succumbing to bears. From here, the cryptocurrency’s price saw a vicious decline that sent it all the way down to lows of $18,200. The…
Bitcoin just posted another shocking price movement, with the cryptocurrency’s latest rejection at $19,800 sending it as low as $18,300 this morning before bulls stepped up and reversed its downwards momentum. This caused the cryptocurrency to erase nearly all of the losses that came about due to this recent movement, with buyers once again targeting…
Bitcoin price yesterday shocked the finance world by setting a new all-time high. With resistance around this area still strong, and with so many cryptocurrency investors in profit for 2020, extreme FOMO and profit-taking is causing wild volatility resulting in more than $1,000 intraday moves. This morning, exactly that happened, when after retesting yesterday’s peak,…
Bitcoin dropped on Tuesday, with its bull run foreshadowed briefly by short-term profit seekers. The benchmark cryptocurrency plunged almost 1.5 percent to $19,385 ahead of the New York opening bell, suggesting that traders secured their gains at local tops. The modest sell-off sentiment surfaced after Bitcoin established a new record high of $19,873. It also…
Bitcoin just hit a new all-time high on top exchanges such as Binance and Bitstamp. This was marked by an influx of retail interest in the cryptocurrency, as many mainstream media outlets reported on BTC hitting new all-time highs. Many see this as validation of Bitcoin’s use case as a store of value. The cryptocurrency…
Today, Bitcoin price set a new all-time high record. While that statement certainly speaks for itself, it does beg the question: what comes next? Given the fact that this hurdle was the one the entire investor class was watching, and it is now out of the way, the most logical next target could be $25,000.…
Bitcoin achieved a new milestone on Monday. The flagship cryptocurrency hit a fresh record high for the first time in three years as traders increased their bids in hopes of earning big profits. It was trading as high as $19,864 during the US session, up 9.16 percent on the day. That trampled its 2017 record…
The price of Bitcoin has surpassed $19,300 once again, after dropping to as low as $16,200 on November 26. Following BTC’s surprising intraday rally, analysts say it is preparing for an all-time high. There were convincing arguments for both bearish and bullish short-term projections for BTC. Most notably, when BTC dropped down to $16,200, it…