Market Update

Bullish Bitcoin Price Trend Intact Even After BTC Retests $11.4K Support

 Bitcoin (BTC) price swiftly fell to $11,322 after reaching a daily high at $11,909 The drop came as U.S. jobless claims fell to $1.2 million but lawmakers inability to reach a deal on the next coronavirus stimulus package has worried some investors Despite the pullback to the $11.4K support, Bitcoin price remains in an uptrend  …

Bullish Bitcoin Price Trend Intact Even After BTC Retests $11.4K Support Read More »

S2F Price Model Suggests Bitcoin Price Hits $100K – Author Claims Model Is Perfectly on Track

The author of the controversial bitcoin stock-to-flow (S2F) price model said that at current prices the S2F model is “perfectly on track.” S2F shows the price could hit around $30,000 by the year’s end and by August 2021 prices could be $100,000 per bitcoin. The crypto asset bitcoin (BTC) is up over 24% over the …

S2F Price Model Suggests Bitcoin Price Hits $100K – Author Claims Model Is Perfectly on Track Read More »

Bitcoin Price Rebounds to $11.6K as VIX Is ‘Extremely Bullish’

Bitcoin (BTC) soared past the key technical resistance level of $11,500 and past $11,600 on Aug. 5 as a fresh round of bullish sentiment canceled out more of last weekend’s plunge. Cryptocurrency market daily snapshot Aug. 5. Source: Coin360 Data from Coin360 showed BTC/USD reaching four-day highs of $11,650 at press time on Wednesday, having …

Bitcoin Price Rebounds to $11.6K as VIX Is ‘Extremely Bullish’ Read More »

$1 Billion Liquidated as Bitcoin Price Crashes by $1.4K in Minutes

The price of Bitcoin (BTC) and Ethereum’s Ether (ETH) plunged by 13% and 21%, respectively, within minutes on Aug. 2. The move liquidated more than $1 billion worth of futures contracts as BTC/USD dropped from around $12,000 to as low as $10,550. BTC/USD 1-hour chart. Source: Tradingview There appear to be two main reasons behind …

$1 Billion Liquidated as Bitcoin Price Crashes by $1.4K in Minutes Read More »

New 2020 Bitcoin Price High at $12,000 Proves Bulls Remain in Control

After securing a strong daily close, Bitcoin (BTC) price continued to press higher by cruising through the $11,900 level within the last hour. Crypto market daily price chart. Source: Coin360 Breaking through the $11,500-$11,800 range was the bulls most significant achievement of the last week and a number of analysts have noted that above the …

New 2020 Bitcoin Price High at $12,000 Proves Bulls Remain in Control Read More »

Bitcoin Price Climbs to $11,200, But Three Factors Hint at a Pullback

The price of Bitcoin (BTC) has increased from $10,995 to over $10,200 in the past 12 hours. But while the momentum of BTC also pushed up the price of other top cryptocurrencies, including Ether (ETH), key metrics and technical patterns suggest the chances of a pullback are rising.  Cryptocurrency market snapshot July 31. Source: Coin360 …

Bitcoin Price Climbs to $11,200, But Three Factors Hint at a Pullback Read More »

Bitcoin Price Soars on Strong Weekly Close Putting $10.5K Within Reach

Within the last hour, Bitcoin (BTC) price rallied above $10,000 to set a new monthly high at $10,315.  The move came after a rather uneventful weekly close which saw the top-ranked digital asset on CoinMarketCap close above an important multi-year descending trendline. A few hours after the close, Bitcoin price found renewed strength and surged …

Bitcoin Price Soars on Strong Weekly Close Putting $10.5K Within Reach Read More »

Ethereum Price Rally to $370 Depends on Bitcoin’s Upcoming Weekly Close

On Saturday Bitcoin (BTC) and Ether (ETH) price perked up as BTC briefly pushed above $9,700 and Ether set a 2020 high at $309.  The weekend surge comes as a bit of a surprise as weekends are typically marked by low trading volume and some traders avoid the markets due to the volatility that sometimes …

Ethereum Price Rally to $370 Depends on Bitcoin’s Upcoming Weekly Close Read More »

Analysts Claim Bitcoin’s 76 Day Stability ‘Bullish’: Hash Ribbons Cross and 2016 Patterns

The price of bitcoin has been very stable lately, and the crypto asset has been trading in a less volatile range just above $9k per coin for 76 consecutive days. After the third halving, the price of bitcoin has also been far more stable, in contrast to the price action after the second halving. However, …

Analysts Claim Bitcoin’s 76 Day Stability ‘Bullish’: Hash Ribbons Cross and 2016 Patterns Read More »

Market Outlook: Crypto Economy Sheds $10B Overnight, Exchange Inflow and Sell Pressure Rises

700,000 Expedia Hotels Can Now Be Paid With Cryptocurrencies via Travala More than 700,000 Expedia Group hotels and accommodations are now available via crypto-friendly travel booking platform Travala. Bookings can be paid with more than 30 cryptocurrencies, including bitcoin. Despite covid-19, Travala saw a 170% increase in booking revenue from its … read more. Bitcoin.com …

Market Outlook: Crypto Economy Sheds $10B Overnight, Exchange Inflow and Sell Pressure Rises Read More »