Bitcoin Flexes Its Muscle, Reclaims $11,000 in Abbreviated Weekend Rally

Seemingly out of nowhere, the bitcoin price rocketed past the psychologically important $11,000 level this weekend. No doubt traders are getting whiplash from the dramatic swings, as the range-bound BTC then pulled back to just over $10,900. The bitcoin price is off its best levels of the day. | Source: TradingView Not too long ago, Galaxy Digital CEO Michael Novogratz predicted that BTC would be range-bound for a while, suggesting the market would hover between $10,000 and $14,000, which it has. Now he is offering another bit of advice to investors…

$8,000 BTC a Buy with $20,000 Bitcoin Price Boom in Play, Says Analyst

The price of bitcoin has been see-sawing since hitting the $13,000-mark in late June as traders believe that the cryptocurrency could witness a significant pullback in the 30 percent to 40 percent range. But one analyst believes that it would be a good idea to buy bitcoin futures if the crypto asset witnesses such a major pullback. BTC’s pullback will be followed by an upswing John Kolovos, chief technical strategist at New York-based Macro Risk Advisors, told Bloomberg in an interview that bitcoin is currently undergoing a correction, but not…

Bitcoin Price Jumps $1,000 in Sudden Spike Beyond $10,000; What’s Next?

On July 18, the bitcoin price experienced an abrupt surge from around $9,300 to $10,500 as the crypto market rebounded, rising by well over $1,000 within minutes, as CCN reported. Following the sudden upside movement, technical analysts still generally remain cautiously bearish towards the short term trend of the dominant crypto asset due to its inability to cleanly break out of a key resistance level at $10,850. Is a move down for bitcoin likely? As said by technical analyst Eric Thies, throughout the run up towards the 2017 bull market,…

Bitcoin Could Shed 20% & Drop to $7,400 Because Bulls Look Exhausted

Bitcoin’s impressive parabolic run may have come to its conclusion. On July 11, we warned investors that the No. 1 cryptocurrency would falter to $9,000 as it flailed overheated signals. At the time, bitcoin was bouncing and market participants were expecting a new 2019 high as the market threatened to breach resistance of $12,000. However, the cryptocurrency lost its bullish steam and it is now trading at approximately $9,700. As bitcoin continues to show signs of weakness, it could drop by another 20 percent, approximately. The price could even hit…

3 Reasons Why Bitcoin Price Could Nosedive Below $7,500 News

Bitcoin has suffered a significant setback after dropping in rates by approximately two thousand dollars in the last 48 hours. The bitcoin-to-dollar exchange rate on Wednesday established a fresh lower low of $9,071, down 3.8 percent from the market open. The move downhill erased almost a quarter of bitcoin’s value in the last seven days, marking an end to a prolonged upside action that started during the first quarter of 2019. The latest move the downside appeared after the head of Facebook’s Calibra Project, David Marcus, appeared before the Senate…

Libra’s So Terrifying It’s Making Congress Suddenly Embrace Bitcoin

I never thought I’d see a high-ranking politician stand up and declare, “I like bitcoin.” But that’s exactly what just happened. House Minority Leader Kevin McCarthy practically sung bitcoin’s praises this week. How did we get here? How did we go from politicians ignoring and slamming bitcoin to embracing it?  The reason is Facebook. Lawmakers hate Facebook’s cryptocurrency Libra so much, bitcoin is actually starting to look good. As McCarthy explained, the decentralized blockchain’s open model is preferable to Facebook’s vice grip: “I want to see decentralization because Libra concerns…

The Bitcoin Price Surged Because Mnuchin Made This Crucial Remark

The bitcoin price surged to an intraday high on Monday after US Treasury Secretary Steven Mnuchin made a crucial comment during his surprise press conference on cryptocurrency regulation. Bitcoin Price Shoots to Daily High During Mnuchin Press Conference The flagship cryptocurrency, which traded down after Mnuchin referred to it as a “national security issue,” suddenly shot higher midway through a question-and-answer session when a reporter asked him what he believed was driving its mammoth price increase. The bitcoin price exploded higher midway through US Treasury Secretary Steven Mnuchin’s press conference.…

4-Figure BTC Screams ‘Buy’ as Bitcoin Price Falls Under $10,000

The Bitcoin price collapsed below $10,000 on Sunday night in yet another stormy weekend session for the world’s largest cryptocurrency. Bitcoin briefly hit $9909 on Coinbase, marking an 13 percent drop in 24 hours. The fall cements a strong 28 percent retracement from this year’s high. Technical indicators suggest BTC may still have room to fall in the short-term. In the long-term, however, this may be one of the last times we ever see bitcoin below $10,000. Said it once and will say it again 4 digit Bitcoin is a…

Crypto Trader Screams Bullish Green Bitcoin Price in July

Bitcoin is having a mixed July so far. The price of the flagship cryptocurrency has hit a slump of late after beginning the month on a solid footing thanks to President Trump’s latest tirade and the aspersions being cast on Facebook’s Libra cryptocurrency. But despite the recent dip in bitcoin prices, one trader still believes that the cryptocurrency could end July at $16,000. BITCOIN Targeting $16000 within July. – #BTCUSD chart https://t.co/InjL0qdgEX — TradingShot (@TradingShot) July 10, 2019 An aggressive bull cycle could push bitcoin prices higher TradingShot is a…

‘2017 Was a One-Off, We Were Clueless’

As crypto analysts pontificate that the so-called “altseaon” will soon arrive, bitcoin podcaster Peter McCormack has a simple message: Don’t hold your breath. The “What Bitcoin Did” host went on a Twitter rampage this week to advance the notion that bitcoin will obliterate the rest of the crypto market, leaving a trail of altcoin bagholders in its wake. The series of altcoin-hating tweets began with a shot at bitcoin’s top rival, ethereum. If you own more ETH than Bitcoin, you’re wrong. — Peter McCormack (@PeterMcCormack) July 9, 2019 It appears…