Bitcoin Price Report and Market Analysis – What to Expect from Bitcoin (BTC)?

Bitcoin went bravely ahead for scoring a new high for the year 2019 by reaching 12,000$ per one unit as the top one cryptocurrency managed to break the resistance of 12k USD before dropping once again to touch the value…

BITCOIN GOES UP BY 7% WITHIN THE PAST WEEK

The past week has seen Bitcoin taking a remarkable bullish rally against the US dollar by 7%, as the price moved from 3,725 USD to the current 4,037 USD. Before we lose ourselves into further details, let’s consider a few…

Bitcoin Price Breakout, a Bullish Flag or Bullish trap ​?

The market got a very good rebound from the critical area around $3400 to the level of $3450. The falling wedge we have formed over the past few weeks was broken by the bulls. As I mentioned in my previous…

Bitcoin Shoots Up, Breaks Through Downward Trend and Major Resistance – Technical Analysis

Out of nowhere, Bitcoin price shot up by more than 10% and recorded almost $700 in gains in just the past 24 hours. During this sudden price rally, more than $20 billion flooded into the crypto market. After hovering around…

Binance CEO: Bitcoin Price Drop is Natural

Changpeng Zhao, CEO of Binance, the world’s largest cryptocurrency exchange in terms of trading volumes, said that the recent decline in Bitcoin’s price is classically normal. Bitcoin, the world’s largest cryptocurrency by market capitalization, has recently reached its’ three-month low.…

Bitcoin Triple Bottom Update: Strong Uptrend Incoming – Technical Analysis

After the crypto bloodbath that happened during the month of May, Bitcoin is seeing a decent comeback after plummeting back to the $7,000 level, forming a triple bottom. As of the time of writing, Bitcoin is trading at the $7,600…

Bitcoin Forms Flag Pattern on Four-Year Log Chart, Decisive Move Ahead – Technical Analysis

The Bitcoin price action during the month of May was relatively bearish. After rejecting the $10,000 mark twice, Bitcoin plummeted back to the $7,000 support level.  As of press time, Bitcoin is trading at the $7,400 level after a successful…