Week Begins With Continued Bitcoin Price Fall
Traders in the bitcoin realm are approaching their charts this Monday morning to find that the bitcoin price has continued to fall over the weekend to a 30-day low of $462 at the BitStamp exchange. This updates comes a mere four days following my last Price Watch post (read that here), in which it was then reported that the 30-day low was $503. With a drop of over 40 points in a couple of days, traders and enthusiasts alike are abuzz over where things go from here. In typical fashion, you have the two crowds shouting just as loud as the other side. The bears, convinced that bitcoin is....
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Just how important is the price of bitcoin? The question could be considered subjective, and that's why it was the topic of last week's poll (which you can find in the lower right-hand corner of all pages). So, getting right to it, it would appear that the price of bitcoin is a big deal compared to really not mattering. Of 134 total votes, about 64 percent of voters said the price of bitcoin "is a huge deal". That equates to 86 votes. (Hopefully we'll get a higher volume of responses on the next one.) The other 36 percent of voters said the price of bitcoin "doesn't really matter", which....
Dogecoin remains bearish at the time of writing as it just broke below its immediate price support line. Broader market weakness can be attributed to the price fall. Major market movers have displayed choppy price action. Over the last 24 hours, Dogecoin lost 2% and in the last week, it declined by 8%. The global cryptocurrency market cap was at $1.93 Trillion as there has been a decline of 0.2% in the last 24 hours. The meme coin has been facing tough resistance at its immediate price ceiling. Buyers have also decided to lay low as a reason the coin continues to fall prey to selling....
The Bitcoin price is now trading below the $19,000 level after the bulls failed to defend the coin at the aforementioned level. Over the last 24 hours, BTC fell by 1.2%, indicating that the coin was laterally trading. In the past week, the Bitcoin price has depreciated 6%. Buying strength continued to remain low on the one-day chart. Sellers have taken over, and it has been the same for almost a week. If the price of Bitcoin continues in this direction, the coin may fall to its immediate support zone. If the bulls have to defend BTC at the current price level, then buyers have to come....
Bitcoin price peeped above the $24,000 price level after falling from the $25,000 mark few trading sessions ago. Over the past week Bitcoin secured a 6% gain and on the daily chart the coin fell by 1%. This had pointed towards a sign of consolidation. Bitcoin price had formed higher highs and high lows which are an indication of bullishness on the chart. Incase the king coin manages to remain above the $24,000 mark for a substantial period of time, it can aim at $27,000 over the upcoming trading sessions. In case the coin loses momentum, it can fall to $23,000 level. Technical outlook for....
The price of BTC/USD opened at 293$ yesterday and declined down to around 277$ earlier today. The price drop can be attributed to Bitstamp's massive security breach, which cost the company more than 5 million dollars. We anticipated yesterday this fall in the price of BTC, which was based on technical analysis of the BTC/USD 4 hourly charts from tradingview.com. The price opened today at around 284$ and continued to fall until the trend reversed at 279$ to begin rising again until it reached 284$. A "hammer" can be noted on the 2 hourly charts, which signaled an end to yesterday's bearish....