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Bitcoin Analysis

Bitcoin Price Spikes to $6,600 as Crypto Market Finds Momentum

After a week of stability in the $250 billion region, the crypto market has started to demonstrate solid momentum, potentially eying a breakout to the $300 billion mark, supported by a rally initiated by bitcoin and Bitcoin Cash. On July 16, the price of bitcoin, ether, Ripple, Bitcoin Cash, and EOS increased by 3 to The post Bitcoin Price Spikes to $6,600 as Crypto Market Finds Momentum appeared ...
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Cryptocurrency Markets Gear into Recovery Mode as EOS Rises 8%

The cryptocurrency markets appear to be in recovery mode on Monday after a rather torrid week where most coins reached 2018 lows. Chief of the pack was EOS which sees an 8% rise to trade at well over the $7.30 level after having dropped as low as $6.50 last week. However, the increases were not The post Cryptocurrency Markets Gear into Recovery Mode as EOS Rises 8% appeared first on CCN
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Ether and Bitcoin Cash Rise 3% as Market Adds $8 Billion, Can Momentum be Sustained?

Over the past 24 hours, the crypto market has added $8 billion to its valuation, as the price of Bitcoin Cash and Ether rose by more than 3 percent. Very Low Volume The bitcoin price came close to breaching the $6,400 level but failed to continue its corrective rally above the $6,400 region. As of The post Ether and Bitcoin Cash Rise 3% as Market Adds $8 Billion, Can Momentum be Sustained? appeare...
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Bitcoin Price Could Hit $15,000 This Year: Fmr. Goldman Sachs Exec.

Christopher Matta, a former vice president of investment management division at Goldman Sachs, still maintains he would invest his mother’s money in bitcoin. A callout box on the TV screen noted Matta believes a return to $15,000 for bitcoin is attainable. Now the co-founder of Crescent Crypto Asset Management, told CNBC’s “Fast Money” in June that The post Bitcoin Price Could Hit $15,000 This Yea...
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Bitcoin Price Avoids Decline to $6,000 but Crypto Market Still in Downtrend

Over the past 12 hours, the bitcoin price has defended a fall below the $6,000 mark, after falling to $6,070 on July 12. Lack of Momentum and Volume The slight increase in the price of bitcoin from $6,070 to $6,250 has allowed the dominant cryptocurrency to break out of a descending trendline since July 10, The post Bitcoin Price Avoids Decline to $6,000 but Crypto Market Still in Downtrend appear...
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Crypto Market Drops Another $10 Billion as Bitcoin Price Retreats to $6,150

Over the past 24 hours, the valuation of the crypto market has dropped by $10 billion, as bitcoin fell to $6,150 and ether dropped below $440. Even after recording a steep 5 percent fall from $6,700 to $6,400 and demonstrating an oversold condition with low Relative Strength Index (RSI), bitcoin struggled to rebound and attempt The post Crypto Market Drops Another $10 Billion as Bitcoin Price Retr...
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Top Economists Stiglitz, Roubini And Rogoff Renew Bitcoin Doom Scenarios

Three of the most respected economists in the world – Kenneth Rogoff, Nouriel Roubini and Joseph Stiglitz – have repeated their past criticisms of bitcoin, saying governments will regulate it “into oblivion” in an effort to fight money laundering and tax evasion. The three, all of whom have criticized bitcoin in the past, now claim The post Top Economists Stiglitz, Roubini And Rogoff Renew Bitcoin...
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Bitcoin Price Struggles to Rebound at $6,350 After Big Fall, Corrective Rally Unlikely

Subsequent to a 5 percent drop in a 24-hour span, the bitcoin price has struggled to rebound from the $6,350 mark, despite optimistic momentum indicators. Bearish Trend While bitcoin has broken Relative Strength Index (RSI) trendlines and has demonstrated a neutral zone at 44.3 RSI, the overly strong downtrend of the dominant cryptocurrency led its The post Bitcoin Price Struggles to Rebound at $6...
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“Experts” Fear China Losing 90% Control Over Bitcoin Market, Forgetting Gov’t Ban

According to Express, the government of China has confirmed that the country’s control over the global bitcoin exchange market has fallen from 90 percent to 1 percent. The UK publication also noted that “experts in China fear losing control” over the cryptocurrency exchange market. Never Was 90%, Obvious Drop to 1% The absurdity of local The post “Experts” Fear China Losing 90% Control Over Bitcoi...
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$22 Billion Wiped Out of Crypto Market in 24 Hours as Bitcoin Drops Under $6,400

The valuation of the crypto market has dropped by $20 billion over the past 24 hours, as bitcoin dropped to $6,400. Since early morning, the crypto market recorded a steep fall from $274 billion to $252 billion, demonstrating a 7 percent decline in value. The drop of bitcoin from $6,700 to $6,400 caused other major The post $22 Billion Wiped Out of Crypto Market in 24 Hours as Bitcoin Drops Under ...
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