The Bitcoin price is back above $10,000 as a new wave of optimism seems to support bullish momentum. July and August had been the worst months of the year for the most popular cryptocurrency since sellers regained control over the order flow and drove Bitcoin from near $14,000 towards $9,000.
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Following a very active first month of the year, when Bitcoin surged towards the $14,000 area then dropped towards $9,000, volatility had gradually begun to weaken, communicating that we should expect to have a calm end of the summer, with the most popular cryptocurrency unable to break any new records.
We’re only at the beginning of the week and the Asian session had been active and positive for Bitcoin, as it jumped $500 following news of the Bakkt platform finally launching Bitcoin futures contracts. ICE had struggled to launch Bitcoin futures for months, as regulatory procedures with the CFTC postponed
The idea of “digital gold” is again attributed to Bitcoin, given that it managed to rally in tandem with gold this year, despite fluctuations in global risk sentiment. Even though billionaires like Mark Cuban already mentioned that they “see Bitcoin and Gold as the same thing”, is it really the
Things had changed dramatically for Bitcoin after the price broke below the 4h chart 200 moving average. Buyers had been unable to break back above the MA, despite a strong short-term bullish move and now it looks like they are being squeezed by the sellers towards a key support area.
After a very impressive month of June, when Bitcoin managed to reach levels not seen since early 2018, the market sentiment seems to have taken a completely opposite direction in the past week, as the issue of cryptocurrency regulation returned into the spotlight. New US Congress hearings For the past
The list of Bitcoin critics added a new important name on Thursday, following the latest series of tweets of the US President Donald Trump. Warren Buffett, Jamie Dimon, and other notorious figures had several times expressed their negative views on Bitcoin, and despite that the price did not seem visibly
So far 2019 proved to be a much better-than-anticipated year for Bitcoin, as its price almost reached the $14,000 area on the Coinbase exchange. Optimism pushed Bitcoin past the $11,000 zone, but the last week and a half saw weakness unfolding in a pronounced fashion, and that’s not a good
The Bitcoin strength continues to be elevated as the price action managed to break above the key $10,000 resistance area and currently sits around $11,300 on the Coinbase exchange. As we’ve highlighted in our weekly crypto analysis, $10,000 was a key area to watch and since the buyers pierced through
Despite the overbought conditions, Bitcoin managed to hold its ground around the $8,000, as the buyers managed so far to cap the selling around the 4h chart 200 moving average. The support area we’ve mentioned in our last weekly crypto analysis held so far successfully, but will this be the
