Bitcoin reversed after a sharp dip towards the $8,400 support area against the US Dollar. BTC price is now signaling more upsides above $8,800 and $9,000 in the coming sessions.
Bitcoin price bounced sharply and formed a bullish engulfing pattern above $8,550 against the US Dollar.
The bulls are likely to take control once the price surpasses the $8,800 resistance area.
There was a break above a key declining channel with resistance near $8,665 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair might dip a few points, but a break above the $8,800 resistance area is very likely.
Bitcoin Forming Bullish Candlestick Pattern
Recently, there was a sharp dip in bitcoin from the $8,750 area against the US Dollar. BTC price spiked below a couple of important supports, but it bounced back above $8,500.
As a result, there was a strong bullish engulfing pattern formed on the hourly chart and the price settled above the $8,500 support area. The recent increase was technically significant, suggesting the bulls rejected the $8,500 support.
Moreover, there was a break above a key declining channel with resistance near $8,665 on the hourly chart of the BTC/USD pair. Bitcoin price even climbed above the $8,700 level.
Bitcoin Price
It is currently testing the 100 hourly simple moving average and struggling to gain strength above $8,780-$8,800. If there is a clear break above the $8,800 resistance and the 100 hourly SMA, bitcoin is likely to accelerate higher.
In the mentioned bullish case, an initial target could be $9,000. A successful follow through above the $9,000 resistance might start a strong rise towards the $9,200 and $9,300 resistance levels.
Any further gains may perhaps start a larger upward move above towards the $10,000 and $11,000 levels in the coming days.
Key Supports For BTC
If BTC fails again to clear the $8,800 resistance and the 100 hourly SMA, it could correct a few points. An initial support is near the $8,670 level or the channel resistance area.
The first key support on the downside is near the $8,560 level, below which bitcoin is likely to retest the main $8,500 support area. Only a daily close below $8,500 might negate the current bullish view.
Technical indicators:
Hourly MACD – The MACD is now gaining momentum in the bullish zone.
Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is currently well above the 50 level, with positive signs.
Major Support Levels – $8,560 followed by $8,500.
Major Resistance Levels – $8,800, $8,810 and $9,000. The post appeared first on NewsBTC. origin »
Former Coinbase CTO Balaji Srinivasan spoke at the Network State Conference in Singapore on Sept. 22 about Bitcoin’s potential to protect wealth against inflation. Srinivasan claimed that Bitcoin (BTC) serves as a shield against what he describes as the gradual…
While Bitcoin has seen a pullback from its recently set new all-time high of $73,750 on March 14, currently trading down around 8%, other Bitcoin forks have fared much worse. Following the morning of the landmark ruling against Craig Wright on March 14, Bitcoin Satoshi’s Vision is down 17% against BTC.
Cryptocurrency expert CJK (@CJKonstantinos) cautioned bitcoin investors against selling at the $100,000 price level in a recent tweet, arguing that $100k is “simply a psychological resistance” and the real bitcoin journey is just beginning.
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.
The $28k area had a confluence of resistanThe post Bitcoin set to brush against the $27.
The CEO of Argo has stated that he won’t be gambling against Bitcoin despite the negative trends around the asset class. He said that Bitcoin has a streak of proving its doubters wrong over time despite unfavorable odds.
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Ethereum’s founder Vitalik Buterin has recently advised against a crypto-investment style that recently went viral on crypto-twitter. Peter McCormack, a Bitcoiner who loaned $46,250 to purchase Bitcoin was a subject for discussion among crypto-twitter, who were largely displeased with the Bitcoiner’s investment choices.
2020 was undeniably the year of Bitcoin. No financial assets have acted as a better safe haven, insurance policy, protection against inflation, and more – all while being the top-performing mainstream investment asset in terms of ROI.
Bitcoin has been a tear in recent months, rallying 50% in the past four or five weeks alone. Robert Kiyosaki says that the rally in the price of Bitcoin against gold and silver (and against the dollar) shows that the U.
In the past week, the alternative cryptocurrency (altcoin) market has further slumped against Bitcoin.
The post Traders warn about Ethereum and DeFi tokens as momentum dwindles against Bitcoin appeared first on CryptoSlate.
Swiss crypto financial firm Bitcoin Suisse has added gold, silver, and platinum to its platform, allowing users to trade the precious metals against both bitcoin (BTC) and ether (ETH), as well as five other major fiat currencies.
It’s been a rocky past few days for Bitcoin, Ethereum, and other top cryptocurrencies. From the monthly highs against the dollar, most digital assets are down 10%. But when measuring the performance of some cryptocurrencies against Bitcoin, some investments are outperforming.
Bitcoin is struggling to surpass the $7,800 resistance area against the US Dollar. It seems like BTC price could dip towards $7,600 or $7,400 before a fresh rally towards $8,000. Bitcoin made two attempts to clear the $7,800 hurdle against the US Dollar, but it failed.
Bitcoin is currently consolidating above the $6,760 low against the US Dollar. BTC price could correct higher, but upsides are likely to face hurdles near $6,955 or $7,030. Bitcoin is showing signs of an upside correction from the $6,761 low against the US Dollar.
Bitcoin failed to surpass the $7,200 resistance and declined below $7,000 against the US Dollar. BTC price is showing a few bearish signs, but the bulls are likely to protect $6,555. Bitcoin is declining and trading below the $7,000 support zone against the US Dollar.
Bitcoin failed to surpass the $6,900 and $7,000 resistance levels against the US Dollar. BTC price is back in a bearish zone and it could continue lower towards $6,200 or $6,000. Bitcoin is down around 4% and it is now trading well below the $6,800 level against the US Dollar. There was a break below...
Bitcoin started a downside correction from the $7,447 monthly high against the US Dollar. BTC price tested the key $7,000-$7,100 demand zone and recently revered losses. Bitcoin failed to extend gains above $7,500 and corrected lower against the US Dollar.
Bitcoin declined sharply below the $6,200 support against the US Dollar. BTC price found support near $5,850 and it is currently recovering towards a couple of key hurdles. Bitcoin is correcting higher from the $5,846 swing low against the US Dollar.
Bitcoin is down more than 50% and broke many key supports such as $5,000 against the US Dollar. BTC price seems to be forming a short term bottom near $4,000 and it could recover. Bitcoin tumbled below many important supports and tested $4,000 against the US Dollar.
Bitcoin started a major downside correction from the $10,521 yearly high against the US Dollar. BTC price declined below $9,000, but it is still in a larger uptrend above $8,000. Bitcoin started a major correction from well above the $10,000 level against the US Dollar.
Bitcoin managed to stay above the $9,350 support area against the US Dollar. BTC price is currently recovering, but it must surpass $9,825 for a strong upward move. Bitcoin price is currently correcting higher from the $9,350 support area against the US Dollar.
Bitcoin extended its rise towards the $10,500 resistance area against the US Dollar. BTC is now showing signs of exhaustion and it could dip a few points before continuing higher. Bitcoin price is struggling to gain momentum above $10,400 and $10,450 against the US Dollar.
Bitcoin price climbed steadily above the $10,000 resistance against the US Dollar. However, BTC could correct lower towards $9,850 before it rallies towards the $10,500 area. Bitcoin is currently facing resistance near the $10,200 area against the US Dollar.
The unprecedented Iranian strikes against U. S. military bases in Iraq saw Bitcoin rise as a hedge against the chaos. However, its price movements have cooled as President Trump today announced de-escalation.
Since May 2019, the price of Ethereum has dropped by around 50 percent against Bitcoin. The ETHBTC pair across major exchanges declined from 0.0347 BTC to 0.01762 BTC within seven months. Behind the lackluster performance of Ethereum against Bitcoin since 2019 are: a correction in the crypto market in the latter half of last year […]
The post Here are the two major reasons Ethereum dropped 50% against Bitcoin in the past 7 months appeared first on CryptoSlate.
Bitcoin broke a couple of important hurdles near $7,500 and $8,000 on the daily chart against the US Dollar. BTC price action indicates a strong rise towards $9,100 or even $10,000. Bitcoin price surged $500 and settled above the key $8,000 resistance against the US Dollar.
Bitcoin surged more than 5% to climb above the $7,700 and $7,800 resistance levels against the US Dollar. BTC price tested the $8,000 barrier and it could correct lower in the short term. Bitcoin price traded to a new 2020 high close to the $8,000 mark against the US Dollar.
Bitcoin might be starting a strong bullish wave above $7,500 against the US Dollar. However, BTC bulls must be careful considering a cluster of resistances between $7,700 and $8,000. Bitcoin price is gaining traction above the $7,400 and $7,500 resistance levels against the US Dollar.
The Bitcoin dominance rate looks primed for a short-term increase and breakout from its pattern. However, its long-term prospects still remain gloomy. The Bitcoin price has been decreasing since making a rapid upward move on October 25.
The recent sell-off in the bitcoin market has brought the price down by more than 15 percent in just five days. The downside action has appeared against the backdrop of a dwindling global economy, shaking the beliefs of many who consider bitcoin as a safe-haven asset against gloomy macroeconomic sentiments.
Ever since the dawn of cryptocurrency, it has been Bitcoin against other coins. Each year has continuously been tagged the “Altcoin” year, with hopes that most of the new and upcoming coins, will rival Bitcoin and give the digital currency the necessary competition it needs, to make the crypto market an exciting place to be.
A veteran investor who once called bitcoin a “real fraud” flipped his critical views amidst a gloomy macroeconomic outlook. Mark Mobius, the founder of Mobius Capital Partners LLP, said in an interview that he would probably buy bitcoin as a protection against the Federal Reserve’s dovish stance on the economy.
Bitcoin [BTC] might be over $10,000 from breaking its all-time-high [ATH] against the world’s premier fiat currency, the US Dollar [USD]. However, another prominent national currency is now left in the king coin’s wake.
Bitcoin is currently about $100 more expensive to buy with Great British Pound (GBP) than with the dollar or euros. Likewise other cryptos are at a slight premium against the...
The post Bitcoin at a $100 Premium Against Brexit Pound appeared first on Trustnodes.
Ethereum based tokens, which have recorded astronomical gains against Bitcoin in the bull market of 2017, are on track to see all-time low prices against both Bitcoin and the US dollar. Throughout the past eight months, the Bitcoin price has dropped by more than 70 percent, from $19,500 to $6,500.
Though Bitcoins market price has been anything but inspiring of late, as it lingers at 70% below its all-time high, one wealthy Australian Bull still believes enough to put it up against Warren Buffets Berkshire Hathaway.
The advice from Wences Casares to those wanting to be a millionaire is to take 1% of what you own, buy Bitcoin, then wait 5-10 years. That way, according to the CEO of Bitcoin storage company Xapo, “You either lose 1% of your net worth…or you make millions.
On 27th June, Immigrant and Customs Enforcement [ICE] Homeland Security Investigation [HSI] New York seized about 2000 Bitcoin [BTC] worth around $23. 6 million. The Bitcoin [BTC]’s were seized during an operation launched by the ICE HSI against U.
Key Points Bitcoin price made a short-term low near $5,800 and bounced back against the US Dollar. There was a break above a key bearish trend line with resistance at $6,280 on the 4-hours chart of the BTC/USD pair (data feed from Kraken).
Key Points Bitcoin cash price started a new upside wave from the $650 support area against the US Dollar. There are two bearish trend lines formed with resistance at $770 and $810 on the 4-hours chart of the BCH/USD pair (data feed from Kraken).
BCH/USD Long-term Trend – Bearish Distribution territories: $1,500. 00, $1,700. 00, $1,900. 00. Accumulation territories: $500. 00, $400. 00, $300. 00. The USD dollar has been considerably appreciated against the Bitcoin Cash, this week.
Poland’s cryptocurrency industry lobby group the Polish Bitcoin Association (PBA) confirmed it has complained to regulators about banks’ denial of services to businesses June 27. Banks ‘Aim To Remove Virtual Currency’ In a statement sent to the Office of Competition and Consumer Protection (OCCP), the PBA cites financial institutions closing and denying bank accounts as proof they “clearly aim at removing virtual currency entities from the market.
Bitcoin fell to $5,845 today, its lowest level against the dollar since October, and down from the December record high of more than $19,000. Regulators in the US and Japan are increasing their scrutiny on trading venues on concerns over money laundering and market manipulation (paywall). While the latest price decline isn’t yet as severe
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Oklahoma joins Texas, Pennsylvania, Ohio, New Hampshire and North Dakota in having Bitcoin reserve proposals. State savings accounts and pension funds will have the nod to invest in BTC if the bill passes.
Genius Group has announced a $33 million rights offering. The company will use net proceeds from the sale to buy Bitcoin. Genius Group holds $35 million in BTC and could see holdings rise to $86 million with plans for additional $20 million loan.
Analysts across banks, hedge funds, and research firms are dissecting historical cycles, macro indicators, and regulatory shifts to project how high Bitcoin might climb in 2025. Bitcoin predictions for 2025 range from $125,000 to $350,000.
Британский суд постановил изъять $4. 3 млн в биткоинах у Александра Сурина, известного как “Дон Кар-Леоне“. Он не смог доказать законное происхождение криптовалюты. По данным следствия, активы связаны с отмыванием денег и наркоторговлей.
MicroStrategy buys another $101 million of Bitcoin. Company’s holdings now stand at 447, 470 BTC. KULR also announced it purchased $21 million worth of Bitcoin to add to its holdings. MicroStrategy has added to its Bitcoin (BTC) haul with another big purchase of 1,070 BTC valued at approximately $101 million.
Японская Metaplanet решила к концу 2025 года увеличить свой запас биткоинов почти в шесть раз — до 10,000 BTC. На текущий момент у них 1,762 BTC, что стоит около $172 млн. Сейчас Metaplanet занимает 15-е место среди корпоративных биткоин-холдеров.
3 января 2009 года был добыт первый блок биткоина — генезис-блок. Сегодня криптовалюта отмечает 16 лет с момента запуска блокчейна. Примечательно, что в хеше первого блока был зашифрован текст: “The Times 03/Jan/2009 Chancellor on brink of second bailout for banks” — намек на проблемы традиционных финансов и необходимость новой системы.
