The Last Week Has Proven Bitcoin Is Heading Upwards
It was only a matter of time before the price of bitcoin began to match the continued bullish advances in the market.Last Week In Bitcoin is a series discussing the events of the previous week that occurred in the Bitcoin industry, covering all the important news and analysis.Summary of the WeekAfter briefly dipping below $43,000 on Monday, bitcoin has remained relatively steady around $46,000 during the week, briefly surpassing $48,000 over the weekend. It may be too early to call, but it appears as if it's time to get overly bullish for the short term. Over the past week, the U.S. Senate....
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Bitcoin was heading upwards on Friday in anticipation of closing another week in gains (including the weekend). The BTC/USD exchange rate continued its upside momentum as it jumped $18,000, a psychological resistance level, all over again. At best, the pair wobbled between meager sell-off and buy-out attempts the entire day while maintaining a strong price […]
Here's a look at what we are focusing on in the bitcoin price this morning. So that’s another weekend out of the way, and considering what we saw in the bitcoin price heading into the close of the week last week, things we’re relatively flat. In the second of our twice daily bitcoin price watch pieces on Friday, we noted that there looked to be plenty of volume pushing the markets throughout the day, and that this might be indicative of some weekend long volatility. As it turned out, this wasn’t the case. Things remained pretty inactive (at least, that is, from a price perspective) and we....
Bitcoin price took a dive yesterday to reach a low of around $230.85 before heading upwards again to score a high of about $240.5 at the time of writing of this analysis. By studying the 1 hour Bitfinex (BTC/USD) charts from tradingview.com and plotting the 20 hour EMA (look at the below chart), we can notice that bitcoin price stopped falling at around $230, so we can see the support level rising gradually from the previous $220 level, which also proves that yesterday's drop was nothing more than an attempt at price correction following the bullish wave that started on the 16th of....
Here's a look at what we are focusing on in the bitcoin price this morning. So there we go. Another week pretty much complete, and it’s been a big one for many reasons. Trump is heading to the White House, the bitcoin price has made a series of fresh highs, and sentiment seems to be on the up. We’re expecting this sentiment to maintain throughout the weekend and into next week, so 800 is looking more and more of a possibility. Yes, we’ve got $80 or so to go before we crack this level, but we’ve seen bigger moves over a couple of days, and we’re going to be optimistic. So, with this in....
Bitcoin is back in the driving seat. The leading crypto has made 2.5% gains over the past week, pushing the crypto market upwards as sentiment shifts in favor of the bulls. The move comes on the back of macroeconomic news. Last Wednesday, the Federal Reserve pledged to keep interest rates close to zero until 2023. Traditional safe-haven gold failed to capitalize on subsequent weakness in the dollar, but digital safe haven Bitcoin moved on upwards […]