Category: Market Update

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Bitcoin Price Must Flip This Level Into Support to Avoid a Drop to $7.4K

Bitcoin price continues to consolidate near a key support but a close above $9,400 is needed to avoid a sharper correction. Over the weekend Bitcoin price (BTC) dropped below $9,000 for the second time in 7 days but the weekly close was relatively uneventful. As covered by Cointelegraph, buyers quickly stepped in to buy the…
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Bitcoin Price Reclaims $9,300 as Traders Expect Increased Volatility

Bitcoin price recovered from its drop below $9K but traders expect increased volatility ahead of Friday’s $1.06 billion BTC options expiry. Since briefly tumbling below $9,000 on June 24,  Bitcoin (BTC), the top-ranked digital asset on CoinMarketCap recovered today to trade in the $9,300 range again. The swift recovery occurred as traders continue to anxiously…
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Bitcoin Price Retakes $9.5K as Analyst Says $12K Breakout May Be Next

A strong correlation with stock market movements still leaves room for Bitcoin to test five figures, says trader Michaël van de Poppe. Bitcoin (BTC) was testing $9,500 on June 16 after a recovery from near three-week lows stalled at classic resistance levels.  Cryptocurrency market daily overview. Source: Coin360 BTC price focuses on $9,500 Data from…
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Bitcoin Price Drops to 2-Week Low After Sell-Off Triggers $800 Correction

Bitcoin’s struggle to reclaim $10K came to an abrupt end as the price suddenly dropped to $9,100. Bitcoin (BTC) fell to a two-week low today as ranging price action below $10,000 gave way to fresh bearish behavior. Cryptocurrency market daily overview. Source: Coin360 BTC price drops 8% to test $9,000 Data from Cointelegraph Markets and…
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Bitcoin Price Surges to $10,380 as Trump Threatens Military Crackdown

Bitcoin price broke the $10,000 barrier and rallied to $10,380 for the first time in 3 months. Within the last hour Bitcoin (BTC) price abruptly surged to $10,380 after spending the last month trading in a symmetrical triangle pattern. The move above the crucial $10K mark occurred as U.S. President Donald Trump mobilized local police…
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Falling Wedge Breakout Propels Bitcoin Price Above Key Resistance at $9.2K

Bitcoin price closed the CME gap and made a decisive move above the $9K and $9.2K resistance as traders attempt to carve a new path to $10K. Within the past few hours Bitcoin (BTC) price managed to press through the $9,200 resistance level to $9,281. While the 2.58% gain may not be much to talk…
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Bitcoin Price: Why Today’s Weekly Close Is Crucial to Avoid $8,000s

Bitcoin price needs to secure a weekly close above $9,300 to avoid dropping below the ascending channel to revisit lows below $8,800. As the weekly close approaches Bitcoin (BTC) price made a quick move toward $9,300 after spending the past 48-hours struggling to hold above $9,200. Traders would like to see the top-ranked asset on…
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Bitcoin Climbs Past $9.5K as Analysts Stress ‘Decoupling’ From Stocks

A fresh surge sees BTC/USD well on its way back to $10,000 as the impact of its weekend crash continues to dissipate. Bitcoin (BTC) rose to reclaim $9,500 on May 14 as the recovery from last weekend’s $1,200 crash gained fresh momentum. Cryptocurrency market daily overview. Source: Coin360 BTC price up 11% in days Data…
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BTC Halving Tweets Show Investors Remain Bullish on Bitcoin Price

Bitcoin halved successfully and even though BTC failed to rally investor sentiment remains bullish. The long awaited Bitcoin halving came and went, bringing with it whipsaw volatility which saw the price whipsaw 5% to 7% in each direction for the last three hours leading up to block 630,000.  Earlier in the day, the top-ranked digital…
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15% Correction Drops Bitcoin Price to $8,100 Days Before BTC Halving

Bitcoin price drops by 15.30% just 2 days before the block reward halving. At 12:40 A.M. UTC time Bitcoin (BTC) price dropped from $9,574 to $8,112 in the course of 15 minutes.  The 15.30% drop came after the top ranked digital asset on CoinMarketCap struggled to reclaim the $9,800 support after falling below the support…
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