Category: Market Update

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Bitcoin Hits $10K — Paul Tudor Jones Buys BTC Comparing it to Gold

With only 4 days left until the halving, Bitcoin price rose to $10,000, making a 160% gain since Black Thursday. Today Bitcoin (BTC) hit $10,000 after finally managing to break above a long-term descending trendline at $9,400. The break above the important psychological level comes as there are only 4 days left until the Bitcoin…
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Bull Flag Breakout Brings Bitcoin Price to $9,200 — Altcoins Follow Suit

Bitcoin bulls recaptured the $9K mark for the second time in 24-hours and this time it looks like traders are targeting the $9.4-$9.6K zone. Bitcoin (BTC) price has risen over the $9K mark for the second time in 24-hours. On Saturday the day bulls managed to push the price of the top listed crypto-asset on…
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Bitcoin Rally Above $9K Stalls as Sellers Push BTC Back to Key Support

Bitcoin price rallied to $9,000 but the TD9 on the daily timeframe and lack of volume show traders are reluctant to buy at these levels. Bitcoin (BTC) price briefly broke above $9,000 as bulls appear to be in the process of trying to quietly move the price above the resistance level. Since Friday trading volume…
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Bitcoin Hits $8K Erasing Coronavirus Crash — 13 Days Till Halving

Bitcoin finally reclaims a price level not seen since before March’s major price crash, cementing its pre-halving bull run. Bitcoin (BTC) price finally hit $8,000 on April 29 as a solid week of gains continued to buoy markets. Cryptocurrency market daily overview. Source: Coin360 BTC price returns to $8,000 Data from Cointelegraph Markets and CoinMarketCap…
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Bitcoin Price Holds Near 7-Week Highs of $7.8K as Futures Volume Rises

Continued support at higher levels is a boon for traders, with the mood tentatively turning positive ahead of the May block reward halving. Bitcoin (BTC) was riding high on fresh gains on April 28 as little got in the way of bulls controlling the market. Cryptocurrency market daily overview. Source: Coin360 BTC price closes in…
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Bitcoin Has Now 100% Recovered From $3.7K Lows, Decoupling From Stocks

Bitcoin is now trading at twice the price it reached during the March crash, having added 10% in one day and left stocks in the dust. Bitcoin (BTC) tested support at $7,500 on April 24 after a surprise surge saw the cryptocurrency beat out resistance and reliance on stocks. Cryptocurrency market daily overview. Source: Coin360…
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Bitcoin Price Shoots for $7K as Analyst Eyes New Key Target for Bulls

The longer markets can stay above $6,800, he better, filbfilb argues, with $7,200 a necessary zone to recapture. Bitcoin (BTC) moved up to challenge $7,000 on April 22 as support at $6,800 held and price analysts began to count down to the halving. Cryptocurrency market daily overview. Source: Coin360 BTC price bounce relieves bulls Data…
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Bitcoin Price Tests $6.8K Amid Warning Brent Next Oil to Go Negative

Mayhem in oil markets translates to modest fallout for Bitcoin, with analysts eyeing slightly lower levels for key long trades. Bitcoin (BTC) was testing support at $6,800 on April 21 as resistance and low volume combined to drive prices lower. Cryptocurrency market daily overview. Source: Coin360 BTC price: analyst eyes $6,300 for low entry Data…
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Bitcoin Holds $7K as China Sees First GDP Drop, Oil Lowest Since 1987

A historic first for China combines with oil reverting to 1987 levels to produce fresh uncertainty across global markets, while Bitcoin flounders. Bitcoin (BTC) was fighting to keep $7,000 support on April 17 as China saw a historical GDP contraction and oil sank to prices last seen in 1987. Cryptocurrency market daily overview. Source: Coin360…
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Bitcoin Price in Danger of Dropping Below $6K if Weekly Close Fails

Bitcoin price is currently holding above $6,800 but a bearish scenario is looking increasingly likely with a retest of sub-$6K levels. As the weekend kicked off Bitcoin (BTC) price dropped below $6,900 and at the time of writing the cryptocurrency is struggling to keep hold of $6,800.  Earlier in the week, Cointelegraph contributor Michael van…
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