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March 13, 2019

Bitcoin Price May Re-enter Bear Market, Warns Analyst (As Altcoins Gain Favor) – Bitcoinist.com

The Bitcoin (BTC) price may soon resume its downward trajectory despite mounting technical robustness, an analyst has claimed. 

‘RIPE TO RESUME LOWER PRICES’

Bloomberg Intelligence analyst Mike McGlone identified diminishing daily returns this month, suggesting an imminent continuation of Bitcoin’s bear market.

Bitcoin (BTC) had buoyed investors in February, with average daily gains approaching 0.6 percent. In March, however, this figure has so far dipped to just over 0.2 percent.

“The entire industry is ripe to resume a path to lower prices,” Bloomberg quotes McGlone as saying in a recent report. Should the trend [...]

 
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February 7, 2019

Bitcoin volatility tumbles to a 12-week low – MarketWatch

Bitcoin prices were mostly unchanged Thursday, extending a lull that has washed over crypto markets and pushed volatility to its lowest level since mid-November.

On Thursday, one bitcoin BTCUSD, +0.13%  was fetching $3,386.73, down 0.2% since Wednesday’s level at 5 p.m. Eastern Time on the Kraken exchange. The cryptocurrency has not traded outside of the $3,300 – $3,800 range since Jan. 11.

According to Buy Bitcoin Worldwide, the 30-day bitcoin volatility index stands at 2.41%, the lowest level since Nov. 19, 2018.

Read: Bitcoin hasn’t been this oversold in 4 years, chart watcher says

What are analysts [...]
 
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August 28, 2018

Bitcoin Has Jumped $300 To Over $7,000 — Here’s Why

Despite the U.S. Securities and Exchange Commission (SEC) rejecting a total of nine separate proposals for bitcoin exchange-traded funds (ETFs) last week, the bitcoin price has managed to jump again to over the psychological $7,000 mark — adding $200 at around 1am GMT then climbing further.

The price jump follows similar moves from bitcoin and the wider cryptocurrency market last week, which was at the time put down to short positions closing on many exchanges, causing a so-called short squeeze.

As often happens when the bitcoin price jumps or falls, the wider cryptocurrency market moves with it.

All top [...]

 
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April 17, 2018

Bitcoin Price Analysis – April 17 | CryptoGlobe

BTCUSD Medium-term Trend: Ranging

Resistance: $8,300, $8,200, $8,100

Support: $7,700, $7,800, $7,900

Yesterday, April 16, Bitcoin price was expected to retest the resistance at $8,500 and probably push ahead, but the recent pullback by most of the assets have made the bullish trend to be in a range bound movement. At the time of writing, Bitcoin is trading at $8,049.68. In the weekly chart, the bullish trend line has been broken by the price and the candlestick closed thereafter.

This indicates that the bullish trend is over. The price of Bitcoin is in a range bound movement; fluctuating between the levels of $8,000 and $8,500. If the price falls below $8,000, [...]

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Shoppers want Amazon-brand prescription drugs, medical marijuana and cryptocurrency – MarketWatch
 
 

 

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