Tag: Market Update

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Bitcoin Price Climbs to $9,500 After Third Higher High in One Week

Bitcoin’s impressive rally continues to amaze investors as the price reaches $9,530 to set a third daily higher high this week. For the second time this week, Bitcoin (BTC) bulls have protested against any attempts to push the digital asset below the $9K mark. Earlier today, the price dropped slightly below $9,200 but the pullback…
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Bitcoin Price Rallies to Set a 2020 High Near $9.5K – Is $10K Next?

Bitcoin price continues to rally higher as bulls launched a high volume assault on the $9,500 resistance level today. Bitcoin (BTC) price has rallied to $9,439 and bulls have again shown that they have no intention of letting the crypto market’s most valuable asset stay below the $9K mark.  Bitcoin daily price chart. Source: Coin360…
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Bitcoin Price Breaks Through Key Resistance as Traders Target $9.2K

Bitcoin bulls pushed the price above a key level at $9,119 and are now aiming to set a daily higher high above $9,200. Bitcoin daily price chart. Source: Coin360 Bitcoin (BTC) bulls appear to have found a second wind which allowed them to push the price above $9,000 to a daily high at $9,150.  As…
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Bitcoin Price Pushes Above $8.8K as Bulls Attempt to Reclaim $9,000

Bitcoin bulls sliced through $8.8K and pushed the price right to the doorstep of $9,000 on a high volume breakout. After a pleasant weekly close, Bitcoin (BTC) bulls turned up Monday prepared to push the price to the $9K mark and possibly above. Over the weekend numerous crypto analysts suggested that if the price sustained…
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Bitcoin Price Blitzes the $8.5K Resistance as Bulls Target $8.8K

Bitcoin bulls finally pushed the price above $8,500 and the 50-DMA but bulls now need to take out the $8,500-$8,650 level in order to reach the next target at $8,800. As the weekly close approached, Bitcoin (BTC) price gained above $8,500 after spending the previous day trading in the $8,200 to $8,300 range. At the…
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Two Veteran Traders See Bullish Signs With Bitcoin Rebounding to $8.5K

Bitcoin held $8.2K, leading to an oversold bounce that produced a 3.97% gain but now the price is struggling to push through the 50-EMA as $8.5K presents resistance. Bitcoin (BTC) bulls are attempting to start the weekend on the good foot by pushing the price to $8,500 and above. Bitcoin daily price chart. Source: Coin360…
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Bitcoin Price Rally Falters as Bulls Fight to Hold the $8.3K Support

Bitcoin’s consolidation culminated with a downside break below the $8.3K support but bulls are fighting to hold the price above the 200-day moving average. After three days of trading in a tightening range Bitcoin price (BTC) dropped below $8,300, stopping at $8,264 which is slightly below the $8,300 support and the 200-daily moving average (DMA)…
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Bitcoin Price Slides to $8.5K as 200MA Resistance Keeps Bulls in Check

A third stint below $8,500 hit markets on Thursday as progress towards $9,000 appeared unlikely once again. Bitcoin (BTC) dipped below $8,500 on Jan. 23 as traders’ expectations of a slow downtrend from recent highs appeared to slowly come true. Cryptocurrency market daily overview. Source: Coin360 BTC returns to $8,400s Data from Coin360 and Cointelegraph…
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Bitcoin Bull Market Gains Steam, Breaks $9K for the First Time in 2020

Bitcoin price topped $9K for the first time in 2020, leading traders to focus on flipping $9.2K to support in order to continue the rally to $9.6K. On Jan. 18, Bitcoin (BTC) price finally made a strong push through the resistance level at $9,000 and rallied to $9,194 before pulling back slightly. BTC price has…
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Bitcoin Price Already Up 25% in 2020 After Hitting $9,000

A surge higher to finally exit the $8,000 range was short-lived at press time as observers waited to see where support would appear. Bitcoin (BTC) hit $9,000 on Jan. 17 as technical metrics continued to break both local and all-time records.  Cryptocurrency market daily overview. Source: Coin360 BTC clips $9,000 as traders lie in wait…
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