Bitcoin's Price is Flirting With $1,000 Again
The price of bitcoin is inching closer to $1,000 once again. Prices hit a high of $994.79 during morning trading, according to the CoinDesk Bitcoin Price Index (BPI), after opening at an average of $977.52. Prices haven’t exceeded $1,000 since 6th January, having crossed that benchmark on the first day of 2017. The price of bitcoin is currently at an average of $993.04. CNY-denominated markets are up more than 9%, reaching a high of ¥6,890.56. Those markets are averaging ¥6,865.50, BPI data shows, representing an increase of roughly 9.3% Prices have been rising since earlier this week, a....
Related News
Bitcoin price is flirting with $10,800 territory while DeFi soldiers on.
Bitcoin price is currently flirting with prices above $60,000, as the momentum of the ongoing bull market slowly begins to push the asset above the key resistance level. The start of a breakout through resistance might have began with last night’s historic weekly close – the highest ever recorded. However, despite what could be a […]
Bitcoin price is flirting with resistance at $50,000. The first attempt has led to a short-term rejection, but the king of cryptocurrency appears determined as ever. According to Elliott Wave International’s resident crypto expert Tony Carrion, there are plenty of signs that suggest “greater price appreciation” is “unfolding” across the crypto market. If he’s correct, […]
Here's a look at what we are focusing on in the bitcoin price this evening. Right now we are in a live trade in the bitcoin price. Action earlier today broke through our predefined in term support level, and we got in to a short entry towards an immediate downside target of 720 flat. We pretty much hit the target about an hour ago, but the nature of bid-ask means we’ve got to run through it a little bit before our take profit is activated, and price bounced just a few cents short of this threshold. We now trade pretty close to entry, and are flirting with a stop loss hit if things don’t....
America’s currency has been flirting with lows again, as the U.S. Dollar Index (DXY) dropped to a low of 89 on Tuesday and the following Thursday. This is the third time since April 2018, the DXY has been this weak, and some analysts think the currency could drop even lower. US Dollar ‘Is a Bit Extended,’ RSI Levels Indicate ‘Oversold’ Territory Analysts and economists have been concerned about the U.S. dollar during the last year, after Covid-19 guidelines shook the global economy and wreaked havoc on the supply chain. Following more than 12 month’s....