Bitcoin Price Ends Turbulent Week as Bull Run Fades
Bitcoin prices fluctuated significantly during the week ending 29th April, reaching a yearly high of $470 before falling below $440. Global bitcoin prices enjoyed a strong rally at the beginning of the week, rising 4.2% from $451.10 at 12:00 UTC on 22nd April to a high of $470.16 at 18:00 UTC on 26th April. This price represented the digital currency’s strongest value since 7th December, 2015, when it reached an inter-day high of $470.88, CoinDesk BPI data shows. Both a short squeeze and retail investors helped fuel this rally, Petar Zivkovski, director of operations at bitcoin trading....
Related News
The latest BTC price jump above $65,000 has all the signs of a classic bullish breakout. Bitcoin (BTC) has the potential to rise toward $75,000 by the end of this year as it breaks out of a classic bullish pattern and picks additional upside cues from its richest investors' recent accumulation spree.Bitcoin Bull Pennant breakout in playBTC rallied over by 6% in the past 24 hours to reach a three-week high just shy of $66,500. In doing so, the cryptocurrency broke out of a consolidation range consisting of two diverging trendlines, a setup reminiscent of a Bull Pennant.Bull Pennants are....
Quant (QNT) is the first blockchain OS that enjoyed continued gains in the last week despite other coins facing turbulent times. The top-30 coin has enjoyed a five-day upswing, gaining over 34%. As of writing, Quant’s price is trading at $198, although it broke its $206 resistance during the day. The token is experiencing a resurgence that has seen it beat Bitcoin (BTC) and Ethereum (ETH) over the same period. However, it’s still trading at about 50% below its all-time high of $427.42. Related Reading: Crypto Won’t See Bull-Run Anytime Soon, This Expert Explains Why Why Is....
The bitcoin price is rising like nobody’s business! After a disappointing period of hanging around $570, bitcoin has now jumped to $595 at press time, a near $25 spike that occurred in just a few hours. Bitcoin Price Confirming Past Predictions. Such a rise was to be expected, as discussed in our previous price pieces. The longtime sentiment among analysts was that bitcoin was preparing itself for a massive bull run, although no one predicted it would begin this early. Bitcoin has certainly surprised us with its rapid rise in price. Some analysts claim they’ve felt the start of a bull run....
This week we saw volatility that was a lot, even for the relatively unstable Bitcoin market. The week started at a low of $230, spiking all the way up to the $260 range that totals to a nearly 13% increase in price. Like many people expected, however, the price quickly fell back down and is currently hovering at just above $240, coinciding with the prediction I made in last week’s Market Wrap-Up. Despite all the turbulence in price Bitcoin has received this week, Bitcoin still ends the week with approximately 4.5% net gain.
It’s been quite a rollercoaster in the cryptocurrency markets the past few days. Bitcoin had a significant bull run during the first two days of the year followed by a major downturn after nearly reaching its all-time high. During this turbulent price volatility all cryptocurrency market capitalizations have been affected. The Ups and Downs of 2017’s....