Bitcoin Price Pounds into Bull Market, Could Surge to $400,000: Analyst

As the bitcoin price continues to hover in a tight range just below $4,000, crypto investors are breathlessly waiting to find out whether bitcoin price can punch through the resistance line that thwarted its most recent attempt to initiate a new bull market. Below, we examine both the bull and bear case for bitcoin as …

Bitcoin Bull Market Won’t Arrive Until Price Shatters $4,600

In the past seven days, the valuation of the crypto market has increased from $131 billion to $137 billion as the Bitcoin price slightly recovered to $3,960. Bitcoin Stagnancy Shows No New Money Entering Crypto Market The minor movement in the price of bitcoin despite the significant surge in the price of alternative cryptocurrencies suggest …

Bitcoin Price Rally Could be on Last Legs, Bloomberg Analyst Warns

A key market indicator shows that the Bitcoin price rally may be losing steam. According to Bloomberg, “Bitcoin’s Moving Average Convergence Divergence indicator has been steadily falling since mid-February.” MACD is a commonly used metric for technical analysis. When it diverges from the symbol, it means that a trend may be over with. Watch out …

Dow Futures, Bitcoin Claw Higher in Wake of Brutal Monday Bloodbath

Dow futures are pointing north ahead of Tuesday’s opening bell as the US stock market gears up to claw back the sharp losses it endured during the week’s initial trading session. Similarly, the bitcoin price has begun to recover from an early week sell-off as it seeks to regain the $4,000 level. Dow Futures Regroup …

Bitcoin Price Plunge to $1,000 is Possible, Say Traders; Could it Happen?

Since January, for over two months, Bitcoin has remained in a relatively tight price range from $3,200 to $4,000, unable to break out of key resistance levels above $4,200. Similarly, from September to November, in an identical time frame, Bitcoin maintained low volatility in the $6,100 to $6,700 range. Bitcoin 2-Year Chart (Source: Coinmarketcap.com) The …

Bitcoin Spikes 5% to $4,100 in 2 Hours, Analyst Says Market Looks Bullish

Within less than two hours, the Bitcoin price surged from $3,920 to $4,137 by more than 5 percent against the U.S. dollar. The Bitcoin price surged above $4,100. The abrupt and strong performance of the dominant cryptocurrency fueled other major crypto assets in the likes of EOS, Ethereum, and Litecoin to record large gains in …

Bitcoin to Secure First Positive Month Since July 2018, When Will Stalemate Break?

For the first time since July 2018, Bitcoin (BTC) is on track to record its first green monthly candle, recording a positive month, According to cryptocurrency trader Josh Rager, if the Bitcoin price remains above the $3,414 mark by the end of February, BTC will establish a green monthly candle. “Bitcoin is working on its …

Bitcoin Could Fall Below $1,260 if the Bear Market Continues: JP Morgan Analysts

Bitcoin price could yet see more gloom in the bear market, according to JPMorgan analysts| Source: Shutterstock By CCN.com: Wall Street firm JP Morgan has predicted that HODLers should expect to experience more pain if the crypto winter persists. According to JPMorgan analysts, the price of bitcoin could fall to as low as $1,260, Reuters …

Bitcoin Price Will Tank Below $3,000, Says Trader Who Predicts Sell-Off

The bitcoin price will crater below $3,000 amid a mass sell-off. That’s what futures trader Anthony Grisanti predicts about the ongoing Crypto Winter. “I’m looking for a move down to $3,000, which would represent a real weakness in this market,” Grisanti told CNBC. “It could be the driver that gets people to bail out of this and …