Category: Market Analysis

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Bitcoin Back Above $7K as a Higher Low Can Spark an Explosive Move

Bitcoin price back above $7,000 and rising BTC dominance looks increasingly bullish as several resistance levels stand in the way of a definitive breakout. Bitcoin (BTC) bounced back from an early morning sell-off, reaching highs for the day of $7,375, a swing of 7.5% from the lows of $6,854. Other major cryptocurrencies also made similar…
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Bitcoin Selling for $24,000 per BTC in Iran as US Tensions Escalate

Bitcoin is selling for over $24,000 in Iran on the Localbitcoins platform as escalating tensions with the United States increase the possibility of war. Iran-based sellers on peer-to-peer trading platform LocalBitcoins are currently asking for around 1 billion Iranian rials or over $24,000 per Bitcoin (BTC) — well over its 2017 all-time high — as…
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XRP Price Lost 66% Against BTC in 2019 — Will the Pain End in 2020?

Ripple’s XRP token had a dismal 2019, losing half its value in USD and two-thirds of its value against Bitcoin, but will 2020 finally break the downtrend? Bitcoin (BTC) price has seen a significant increase in 2019 (by more than 100%), while altcoins are actually down significantly from the beginning of the year.  Moreover, most…
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Bitcoin Now Likely to Revisit $6Ks After Failing to Break Resistance

While Bitcoin price has been suggesting that the bottom has been found, there’s a good chance that a revisit of the $6,000s will occur in the near future. Bitcoin (BTC) closed the week at $7,385, which represented a 1.71% reduction in valuation. The lows for the week were some 4.5% lower at $7,053. But a…
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Bitcoin Price Could Rally to $9K Before a Massive Collapse, Here’s Why

Bitcoin price could experience a relief rally as high as $9K before a bear trend resumes with the beginning of the new year. Bitcoin price (BTC) has been in a sidewards range for several weeks now, with some people on team bear calling for fresh lows in the region of $3,000 while the bulls have…
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Bitcoin Price Takes Aim at $7.4K Resistance — $7.6K by Monthly Close?

Bitcoin price appears bullish on shorter time frames is likely to make another attempt at the $7.4K resistance but traders should expect volatility as the monthly close approaches. With the end of the year just a few days off, Bitcoin (BTC) looks set to close 2019 under $10,000. Despite the digital asset’s inability to change…
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Someone Say Bear Market? Bitcoin Sets 3 Huge New Records in 2019

Transaction count, USD transaction volume and hash rate are among the wild successes Bitcoin has achieved this year, wholly separate from BTC price. Bitcoin (BTC) was, in fact, anything but bearish in 2019, as new data shows its technical strength has reached levels never seen before. An examination of three metrics — Bitcoin’s transaction count,…
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10 Best Performing Cryptos of 2019 Not Named Bitcoin

Here’s a list of the best performing crypto assets — excluding Bitcoin — for 2019. Since the start of 2019, the crypto market has been on the receiving end of an insane amount of financial volatility.  For example, in January, the total market capitalization of this burgeoning sector was around $130 billion. However, by July,…
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Bitcoin Pulls Back Down Into Futures Gap, But Is It Too Early for $8K?

Bitcoin has pulled back and has partially filled the CME futures “gap” at $7,230 as another dip below $7K is possible before the next big move up. Bitcoin (BTC) finally recovered from its sharp drop last week and is currently hovering around $7,300, a move of more than ten percent since the latest low of…
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Bitcoin Price Weekly Candle Closed as a Pin Bar — So What Comes Next?

Bitcoin price has made a strong v-shaped recovery into the final week of the year, but the bulls have yet to reclaim the market from its 5-month bearish trend. Bitcoin (BTC) closed the week up at $7,513 which was a 5.65% increase from the opening price of $7,111. It was a turbulent week with Bitcoin…
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