Category: Market Update

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Bitcoin Bounces Off $8.4K 4-Week Low as It Tracks Stock-to-Flow Target

After losing its 200-day moving average support, BTC/USD remains near its forecast pre-halving average despite a traditional market meltdown. Bitcoin (BTC) price fell to its lowest levels in a month on Feb. 28 after another day’s losses underscored continued selling pressure on markets. Cryptocurrency market daily overview. Source: Coin360 BTC price clings to $8.6K Data…
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Bitcoin Erases February’s Gains, BTC Price Sinks Below $8,700

Coronavirus continues to spread panic throughout traditional markets and Bitcoin price is down 10% since the start of the week. The sharp correction that has rocked the crypto market since Feb. 23 continued through Feb. 27 as Bitcoin (BTC) price dropped nearly 8% to a daily low at $8,531. Markets pricing in Coronavirus impact At…
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Bitcoin Clings to $9K as Trader Warns 200 DMA Loss ‘Significant Issue’

$9,000 may give way to fresh losses but it is the 200-day moving average that must be preserved to stay overall bullish, say Cointelegraph Markets analysts. Bitcoin (BTC) struggled to maintain $9,000 support on Feb. 26 as analysts sought confirmation that more significant levels would remain intact. Cryptocurrency market daily overview. Source: Coin360 BTC crisscrosses…
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Bitcoin Dominance 6-Month Low Doesn’t Mean Price Is ‘Ultra-Bearish’

This week’s 8% tumble and subsequent failure to recoup gains is no cause for worry, says Cointelegraph’s Michaël van de Poppe. Bitcoin (BTC) continued trading in a narrow corridor on Feb. 22 as markets awaited fresh action after last week’s sudden 8% price drop. Cryptocurrency market daily overview. Source: Coin360 BTC “correcting in an uptrending…
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Tezos Price (XTZ) Losing Steam After Dropping to Ascending Trendline?

Tezos price is still in an uptrend but looks ready to pull back and consolidate after an amazing 199.52% rally. Over the past week, Bitcoin (BTC)and altcoins have taken a serious hit and currently, Bitcoin is still down 7.09% since topping out at $10,485 on Feb. 13. Many altcoins that bore the brunt of the…
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Bitcoin Price Fights to Hold $9.5K to Stave Off a Trend Reversal

Bitcoin bulls battle to keep the $9.5K level in order to prevent a drop to the 200-DMA at $8.8K. On Feb. 20 Bitcoin (BTC) price surprisingly dropped 8.85%, a move which caught many investors off guard as up to that moment the digital asset had recovered well from the President’s Day weekend correction and was…
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BTC Price Plummets $800 in an Hour

Bitcoin led an aggressive flash crash that saw most leading crypto assets plunge by at least 5% in under one hour. Bitcoin (BTC) took an unexpected dive today, plunging $600 in a matter of minutes. The plunge saw 15 of the 20 largest crypto assets by market cap down 5% or more on this time…
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Bitcoin Price Dips Below $9.5K as Whale Deposits 600 BTC to BitMEX

Volatility which began with a rejection of $10,500 late last week continues, with Bitcoin falling below $9,500 for the first time since Feb. 5. Bitcoin (BTC) fell below $9,500 for the first time in almost two weeks on Feb. 17 as downward pressure continued to pressure markets. Crypto market weekly price chart. Source: Coin360 BTC…
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Uptrend Broken? Bitcoin Tumbles Below $10K as Greed Hits 6-Month High

Bitcoin has decisively dropped below its landmark $10,000 big-even level after several days of high greed levels. Bitcoin (BTC) has fallen below its landmark $10,000 price point after failing to break $10,500 resistance, mimicking a similar $300 drop earlier this week.  Crypto market 1-day price chart. Source: Coin360 Bitcoin drops to $9,800s Coin360 and Cointelegraph…
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Bitcoin Price Suddenly Drops $300 in 1 Hour After $10,500 Rejection

Bitcoin investors face fresh volatility concerns as a move higher to $10,500 was firmly shut down after days of gains. Bitcoin (BTC) fell by almost 2% in an hour on Feb. 13 as markets faced rejection after reaching higher levels around $10,500. Crypto market weekly price chart. Source: Coin360 BTC suddenly dives to $10,150 Data…
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