Tag Archives: bitcoin price

Bitcoin Price Watch: Can BTC/USD Break $6,480-6,550 This Time?

Key Points Bitcoin price declined and tested the $6,200-6,220 support area against the US Dollar. There is a major bearish trend line forming with resistance near $6,480 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is currently correcting higher, but it could struggle to move past $6,480 and $6,500. Bitcoin price failed… Read More »

Bitcoin (BTC) Price Watch: More Bears Waiting to Hop On

Bitcoin Price Key Highlights Bitcoin price broke below its ascending triangle consolidation to signal that more losses are in the cards. Price is finding a bit of support, though, so a pullback may be taking place from here. The Fibonacci retracement tool shows the next potential resistance levels, but technical indicators are signaling more gains. Bitcoin price made… Read More »

Bitcoin Energy Consumption Could Drive Innovation, Says Research Associate

Bitcoin (BTC)–By now, most within and outside of the industry of cryptocurrency are familiar with the narrative surrounding Bitcoin energy usage. The argument goes that as Bitcoin becomes a more popular choice in terms of digital currency, the increase of miners looking to capitalize on transaction fees and reward payouts will increase, thereby also raising the hashing difficulty… Read More »

Bitcoin (BTC) Price Analysis: Another Bearish Break!

Bitcoin recently formed higher lows and found resistance at $6,600 to create an ascending triangle before breaking down. This signals that a downtrend is underway, likely the same height of the formation that spans $800. The 100 SMA is still above the longer-term 200 SMA, though, so the path of least resistance is to the upside. This suggests… Read More »

Bitcoin Market Dominance: From 66% to 33% and Up Again

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, you should conduct your own research when making a decision. Some would say the cryptocurrency market is beginning to bounce back; after a seven month bear market, Bitcoin breached the $8,000 mark on July 24 — the first time it has passed… Read More »

Australians Can Pay Utility Bills With Bitcoin (BTC)

Bitcoin (BTC)–In terms of adoption for cryptocurrency, being able to pay for real world goods and services with the digital currency has long been viewed as the gold standard. The bear market of 2018 has led to a shift in focus away from the fundamentals of crypto and the usability of blockchain transactions in favor of wild price… Read More »

Bitcoin Price Remains Stable Despite $6 Billion Cryptocurrency Market Slump

Bitcoin is currently showing some stability even as altcoins across the market experience some significant decline. This news should come as a bit of encouragement for supporters of top-ranked cryptocurrency which has been in the wars like most of the market since the start of the year. Bitcoin Maintains Mid-$6,000 BTC navigated the weekend maintaining its mid-$6,000 price… Read More »

Bitcoin Price Watch: BTC/USD at Risk of Upside Break above $6,540

Key Points Bitcoin price mostly traded in a range above the $6,300 support area against the US Dollar. There is a crucial breakout triangle pattern formed with resistance near $6,540 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could dip a few points towards $6,380, but it is likely to break the… Read More »

Bitcoin (BTC) Price Watch: Waiting for a Triangle Breakout

Bitcoin Price Key Highlights Bitcoin price has formed higher lows and found resistance around $6,500 to create an ascending triangle pattern on its 1-hour chart. Price is currently testing the resistance and is nearing the peak of the formation, so a breakout might be due soon. Technical indicators are giving mixed signals on which direction the breakout might… Read More »