Bitcoin Price Intraday Analysis: BTC/USD in Pullback Action

The bitcoin-to-dollar exchange rate started losing its grip on the sideways action, slipping almost a percent this Friday. The pair broke below 6400-fiat, the psychological support level of the previous trend, to establish new intraday lows towards 6356-fiat. The downside action appeared after bulls began to feel weak near the giant descending trendline formation that …

Bitcoin Explodes to $7,500 as Tether Loses USD Peg

Bitcoin price surged 9 percent within hours as Tether started losing its grip on the USD-peg. The BTC/USD pair closed yesterday on a modest 2 percent gain in pennant formation action following the recent drop. Nevertheless, the couple started picking momentum during the early Asian trading session and jumped to as high as 7800-fiat from …

BTC/USD in Interim Bias Conflict

Bitcoin on Thursday appreciated with a modest 1.5 percent against the USD. The BTC/USD is consolidating sideways inside a giant triangular pennant, awaiting breakout any moment. In the last 24 hours, the pair somewhat repeated its price action from mid-September, flirting with 6500-pivot while being rangebound. We started with a modest jump from the previous …

Bitcoin Takes a Breather and Falls Below $6,700, Losses Across the Board

Since September 18, within six days, the crypto market added $34 billion to its valuation. After a massive short-term rally, Bitcoin has retraced slightly, leading other major cryptocurrencies to fall by 3 to 5 percent. While Bitcoin recorded a slight loss of less than 1 percent, Ethereum, Bitcoin Cash, EOS, Stellar, and Litecoin demonstrated losses …

BTC/USD Upside Held Near $6500

Bitcoin on Saturday crossed above the $6,500-mark but lacked further upside momentum near the psychological resistance. The BTC/USD kickstarted the day forming higher lows towards 6475-fiat. The Asian trading session witnessed consolidated action within a narrow range defined by 6520-fiat to the upside and 6477-fiat to the downside. A breakout action appeared only during the early European …

Crypto Market Adds $8 Billion as Bitcoin Avoids Downtrend With 1% Gain

In the past 24 hours, despite the negative predictions of many traders, bitcoin price has remained above the crucial $7,000 resistance level, allowing the crypto market to add $8 billion to its valuation. Dash, Verge, Monero, and EOS are the best performing cryptocurrencies of September 1, recording strong gains in the range of 7 to …

Bitcoin Price Could Fall to $3,000, Says One of Crypto’s Most Bullish VCs

Anthony Pompliano, founder and partner, Morgan Creek Digital Assets has predicted that bitcoin could fall as low as $3,000 in a complete turnaround from one of the market’s most bullish positions. In a post, Pompliano stated that his January prediction of a $50,000 year-end bitcoin price was wide of the mark by as much as …

Today’s Bitcoin Price Pump Was Fueled by $100 Million in New Tethers

Early this morning, the bitcoin price leaped nearly $300 in just one minute, spurring a rally that carried the flagship cryptocurrency from $6,466 to $6,899 during a frenzied half-hour of trading. Analyzing Wednesday’s Bitcoin Price Pump Unfortunately, BTC proved unable to sustain that level, and after tapering off throughout the morning and early afternoon, the …

Bitcoin and Ether Lack Momentum as Crypto Market Falls Below $200 Billion

In the past 24 hours, the crypto market has lost $23 billion, dropping from $217 billion to $194 billion, as major cryptocurrencies including Bitcoin showed a lack of momentum. Crypto market valuation chart, provided by CoinMarketCap.com What Has Happened to the Market? Without any exception, every major cryptocurrency in the market has plunged in value …