At press time, bitcoin is down for the count and trading for roughly $7,600. This is a big step backwards for the asset, which during our previous price piece was trading at nearly $1,000 more. However, analysts are warning enthusiasts and traders to “keep their cool,” and say that further price hikes are bound to occur before the year concludes.
What You’re Seeing Is Normal
Analysts are referring to the currency’s recent behavior as a minor pullback.
It was somewhat to be expected the current cryptocurrency market trend would make a lot of traders unhappy. As Bitcoin continues to show severely bearish signs, the rest of the markets are getting battered as well. It seems unlikely the Bitcoin price will reach $9.000 again in the near future, as a drop to $7,000 is more plausible.
Bitcoin Price Isn’t Rebounding yet
The world’s leading cryptocurrency finds itself in a rather awkward position right now.
It’s been a very interesting week for bitcoin. At press time, the grand daddy of all crypto is trading for just over $8,000. This marks a solid improvement since our previous price article, when bitcoin was trading in the $7,000 range after falling from $8,000 just a few days prior.
Bitcoin Can Be Great if You Use It Correctly
It’s always good to see news of a price swing. What isn’t good is when bitcoin’s benefits and advantages are used in the wrong way. The city of Baltimore is experiencing this firsthand.
At press time, the father of cryptocurrency is trading for just under $8,000 (about $7,973). While this is a little less than where it stood during our previous price piece (slightly over $8,000), the currency is still managing to keep up a respectable momentum.
Bitcoin Is Still First in the Crypto Race
For example, just a few days ago, bitcoin dropped down by more than $1,000, falling to $6,400 in mere minutes.
There is never a boring day in the cryptocurrency world. After an insane bull rally we finally saw the first major correction, wiping over $20 billion off crypto market’s overall valuation and caused a panic selloff for Bitcoin. BTC/USD touched as low as $6,178 on Bitstamp because of a massive 5,000 BTC sell order. What followed was a cascade of events which snowballed into a selloff…
It hasn’t been a good day for the Bitcoin price as of today. A lot of value has been lost in very quick succession, yet no one seems to know where this downtrend will end exactly. With some basic technical analysis, it quickly becomes apparent numerous key support levels have been broken in quick succession. This free fall will end eventually, but for now, it will seemingly continue.
1 A Retrace was Completely Expected
2 BTC/USD Technical Analysis
3 The MACD Looks way Oversold
4 The Elder Ray Indicator Looks Bearish
A Retrace was Completely Expected
It is always crucial to keep an eye on how fast a cryptocurrency market moves up or down.
These are exciting times for cryptocurrency enthusiasts. Bitcoin’s price has been on a massive rally the past month rising by over 33% in just May alone. Most traders agree that the bear market is over because the bullish momentum has been in place since the beginning of the year. After briefly peaking at $8,300 earlier today, Bitcoin is currently trading at $8,045 on Bitstamp. In this article I will attempt to answer the two following questions: What does the future hold for BTC, and is it worth buying some coins right now?
Before we can talk about what the future holds for Bitcoin’s price, let’s go over a few potential reasons for Bitcoin’s recent price hike.
Bitcoin price is up another 14% today as the cryptocurrency briefly surpassed the $8,000 level, currently trading at $7,963 on Bitstamp. The recent bull run began on April 30th and the cryptocurrency has almost doubled in price in the past 2 weeks. Some analysts believe that Bitcoin will reach the $9,000 level in the next few days or weeks after which it will test the $10,000 level.
Despite what you may have read on the news, the real reason behind the recent bull run is unclear.
This article was originally published by 8btc and written by Lylian Teng.
The bitcoin price has broken $8,000 for the first time since July 2018, with most cryptocurrencies trading in the green. The rally has sent “bitcoin” to the top of the Baidu hot searches (China’s equivalent of Google Trends) as of May 14, 2019.
At press time, the father of cryptocurrency is trading for roughly $7,000. This is the first time in nearly a year that bitcoin has hit such a mark, and it is stellar news for most enthusiasts and crypto traders.
Negativity Can’t Stop the Price from Growing
Early on Sunday morning, the asset rose above $7,000 to incur a new nine-month high. This is miles above where it stood during our last price piece.
Bitcoin’s price continues to rise blasting past the anticipated $6300 resistance level currently trading at $7156 on Bitstamp setting another all time high for 2019. At the time of writing the price is incredibly parabolic and some traders expect a drop to $6000 in the near future. Moreover, the cryptocurrency’s overall marketcap peaked earlier today at $221 billion setting a 9 month all time high.
After a slight break the past two days, Bitcoin’s price is back at it again this time breaking through the $6000 resistance and currently trading at $6042 on Bitstamp. What’s surprising about today’s bullish momentum is Bitcoin’s decoupling from the movements of the stock market. The past few days cryptocurrency markets seem to have been affected by the fluctuations of the Dow Jones, but that trend is apparently coming to an end.
At press time, the father of cryptocurrency is trading for over $5,700. While this isn’t as high as it was during the first half of the week ($5,800), it’s still far better than where it stood during our previous price article. It’s also good to see bitcoin maintaining its $5,000+ stance.
Bitcoin Is Growing, but It’s Also Changing
In examining bitcoin’s behavior, one is reminded of the latest version of “Pet Sematary” that hit theaters in early April.
2019 is turning out to be quite a positive year for Bitcoin, is the crypto winter finally over? After hitting a low of $3,300 back in December, Bitcoin has been increasing in value ever since. The momentum and volume has been building little by little the past 5 months and today we hit a new all time high for 2019!
At the time of writing, Bitcoin is trading at $5754 having risen over $100 in the past hour alone and over $355 in the past 24 hours. Get excited because this is a new all time high for 2019! The good news is that we broke through the $5600 resistance level which we tested last week with no luck.
At press time, the father of cryptocurrency is trading for just over $5,130. This marks a bit of a fall since our last price piece, when bitcoin had hit a new high of roughly $5,500.
It has certainly been something of an up-and-down game for bitcoin over the past few months, though for the most part, it appears to have solidified its position at the top of the financial ladder.
Even though most cryptocurrency users expected some positive momentum to materialize, that will not be the case as of yet. In fact, the Bitcoin price, which dictates the pace for all currencies, is on the decline as well. Although the losses are still relatively small right now, it is evident the overall momentum is not necessarily pleasing too many users.
Bitcoin Price Momentum Remains Uncertain
When the world’s leading cryptocurrency dips ever so slightly in the red, alternative markets are usually quick to follow suit.
I want to have a closer look at bitcoin technical analysis and the levels that are important to keep an eye on over the next few weeks.
Bitcoin is up 45% since I posted an article back in February about how I think the tide is turning.
Prices have been mirroring the 200-day moving average shown in red in the chart above.
A bit of bearish momentum seemed to affect most of the cryptocurrency markets yesterday afternoon and evening. Roughly 24 hours later, and all of those woes are well behind us. The Bitcoin price is moving up once again and has already reclaimed the $5,500 level without any problems. This offers some short-term hope for speculators and enthusiasts.
Bitcoin Price Momentum Returns in Bullish Fashion
Not too many people will be surprised to learn yesterday’s market dip was a very brief one.
Cryptocurrency enthusiasts often keep tabs on different statistics to determine how the industry is evolving. Ever individual ecosystem has its own setbacks and advantages, although most of the attention still revolves around Bitcoin first and foremost. When it comes to the overall number of daily Bitcoin transactions, it would appear the world’s leading cryptocurrency is on the right track to set a new all-time high pretty soon.
Impressive Bitcoin Transactions Statistics
Over the past few months, there have been some interesting changes as far as the number of Bitcoin transactions is concerned.
At press time, the father of cryptocurrency is trading for well over $5,300. This is about $100 more than where it was during our last price piece. Jumping from $5,200 to about $5,300 in just under a week, bitcoin is keeping up its present momentum and defying all the bears that have dominated this industry for so long.
Another Jump in Bitcoin’s Price
And, as many analysts suggest, the buck doesn’t stop here. Many chart indicators have popped up to suggest that bitcoin will reach $6,000 again in the coming weeks.
For the last 14 months, the crypto market has been getting decimated with little signs positivity. However, that vibe has recently changed, the question is, will it continue on its current uptrend or is this just a momentary bull trap that’s attempting to suck investors in?
What the market feels like right now is very similar to what it felt like back in 2015 when bitcoin was coming off its previous bear market.
Going back to November of 2013 bitcoin exploded up from a price of about $125 to reach a high of roughly $1150 in just six weeks.
At press time, the father of cryptocurrency is trading for roughly $5,128. This is roughly where it stood during our previous price piece.
The news is something of a two-sided coin. While it’s not great to see bitcoin remain perfectly still over a weeklong period, it’s nice to see that there have been no new price drops added to the books.
Chart by TradingShot
Bitcoin has proven very sensitive over the past year-and-a-half.
A lot of eyes are on the Bitcoin price chart right now. That is only normal, as this market dictates the pace for all other cryptocurrency markets as well. As Bitcoin is now subjected to some uncertain momentum, the mid-term price predictions are becoming all the more relevant. The following predictions show things can get pretty interesting, although not everyone will agree with these outlooks.
The Ongoing Bull Cycle Hype
For the past few weeks, it would appear a lot of cryptocurrency users claimed the bear market is finally over.
At press time, the father of cryptocurrency is trading for just shy of $5,200. This is massive news for enthusiasts everywhere, who were likely concerned that the currency’s drop into $3,600 territory last November may have been permanent – or at least lasted an extremely long time.
Luckily, it appears the bulls are once again taking the financial reins, and experts are weighing in on where the daddy of all digital assets could go.
Chart by alanmasters
Bitcoin has been stuck in a rut for well over a year.
This article was originally published by 8btc and written by Chloe Jiang.
The price of bitcoin surged above $5,000 for the first time in 2019, bringing other major cryptocurrencies up with it. The collective market surged and broke the $140 billion mark for the first time in a week.
Кто знает подойдет ли этот кошелек для постоянного приема в сатоши? Я просто майнить не решился, но написал несколько ботов для того, чтобы они собирали с кранов монеты. Я так понял, что это веб-кошел...