Category: Bitcoin Price News
-
‘Game Over’ for Bitcoin, Claims Bearish Technical Analyst
If the bitcoin price falls below the important year-to-date support level, the dominant cryptocurrency will suffer irreparable damage in the marketplace. This is the opinion of Renaissance Macro Research, quoted by CNBC on Thursday Aug. 9. Bitcoin May Be ‘Permanently Impaired’ According to the financial analysis firm, what bitcoin is facing right now could be…
-
$5,800 Next? Bitcoin and Major Cryptos Recover But Downtrend is Strong
On August 8, the crypto market seemed to be improving, as Bitcoin rebounded to $6,600 and Bitcoin Cash hit $620. However, over the past several hours, the major cryptocurrencies have started to demonstrate a decline in their momentum, as Bitcoin fell to low $6,300 and Bitcoin Cash fell below the $600 mark. Lack of Momentum…
-
Bitcoin Price Intraday Analysis: BTCUSD Bull Pennant Formation
The Bitcoin price regained some of its lost value on Thursday following a small but noteworthy correction. The BTC/USD pair yesterday established a new intraday low at 6131-fiat, a level that attracted buyers waiting to buy the dip, and has gained as much as 7% value ever since. The early Asian trading hours today witnessed…
-
Yale Economists Share Strategies to Strongly Forecast Bitcoin Returns
At the time when the cryptocurrency industry has recorded a loss of more than $30 billion, two Yale economists believe traders can strongly forecast the volatile market using “potential predictors for cryptocurrency returns.” Aleh Tsyvinski and Yukun Liu published a new study, titled “Risks and Returns of Cryptocurrency,” after researching factors that could accurately predict the…
-
Bitcoin Price Intraday Analysis: BTCUSD Pushed Off the Cliff
The Securities and Exchange Commission (SEC) spoiled the upside gains we had made yesterday in the Bitcoin market. The regulator delayed its decision on the Bitcoin ETF proposed by the VanEck SolidX Bitcoin Trust. The Bitcoin price fell 11% soon after the news broke into the wire. To ease our pain, we joked and called…
-
Newsflash: Bitcoin Price Drops to $6,180 as Market Hits 3-Week Low
The bitcoin price took another major downward pivot on Wednesday, forcing the value of the flagship cryptocurrency to a three-week low. Bitcoin spent the majority of the morning and early afternoon trading near $6,500 but proved unable to sustain that level heading into the evening. Following a thirty-minute stretch that saw BTC/USD shed close to…
-
Bitcoin Price Plummets to Mid-$6,000 as Crypto Market Crashes: Factors and Trends
Similar to the short-term trend outlined by CCN yesterday, the Bitcoin price has dropped by mid-$6,000 as it failed to demonstrate a recovery in its volume. Yesterday, CCN reported that the volume of BTC and the rest of the crypto market have dropped substantially since late July, by more than 30 percent. Given the failed…
-
Newsflash: Bitcoin Price Slips Below Crucial $6,800 Support Level
The worst does not appear to be over for the bitcoin price, as the flagship cryptocurrency on Tuesday slipped below $6,800, a mark that many analysts had pegged as a critical support level for BTC’s short-term prospects. Bitcoin had spent the majority of the day trading above the $7,000 mark. However, as CCN reported, the…
-
Bitcoin Price Intraday Analysis 7/8/2018: BTCUSD Awaiting Breakout
Opposite to what we expected in our previous analysis, Bitcoin has not attempted to extend its bearish momentum, at least in the last 24 hours. The BTC/USD yesterday established an intraday low at 6856-fiat, which also acted as a support to a bullish correction phase. As a result, the pair has recorded around 2% gains…
-
Bitcoin Price Intraday Analysis: BTCUSD Expecting Fresh Lows
Before we begin our analysis, it is important to discuss what had prompted a sudden $500-drop in the Bitcoin market. OKEx, a Hong Kong-based cryptocurrency exchange, recently issued a statement that mentioned one of their customers as the main perpetrator of the latest Bitcoin bear-trap. The OKEx client initiated a relatively large long position which,…