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Posts Tagged ‘Price’

Bitcoin Stays Below $7K as Tone Vays Predicts Price Breakout in April

Bitcoin (BTC) began the day down 2% on April 4, but one trader remained confident in a bullish scenario unfolding next week. Cryptocurrency market daily overview. Source: Coin360 Vays: I’ll buy BTC at $6,400 Data from Coin360 and Cointelegraph Markets showed BTC/USD failing to establish support at $7,000 as the weekend began.  On Friday, the…

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Bitcoin Price Will Double in 6 Months, Says Billionaire Investor

Attention those who are trending toward the bearish. According to billionaire investor Mike Novogratz, Bitcoin will double in the next six months and retest the old highs of $20k by the end of the year. Mike Novogratz Says ‘This Is the Year for Bitcoin’ Speaking to CNBC’s Closing Bell last night, as the DOW closed…

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Does Bitcoin Price Follow a ‘4-Year Cycle’?

Bitcoin and crypto analyst Benjamin Cohen has released a video that takes issue with the cyclical price theories held by many crypto advocates. By examining Bitcoin’s four-year price trends Cohen asserts that the flagship cryptocurrency does not follow such a discernable pattern. Bitcoin Halving May Not Spark A Price Spike Bitcoin has experienced two major…

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Bitcoins on the Move — Is BTC Price Inversely Correlated to Mempool Size?

After making a strong recovery from $3,775 to $6,450, Bitcoin’s (BTC) price has traded in a tight range which has seen the price struggle to push above resistance at $6,400 and $6,850. Despite the current pullback, technical indicators like the Stock-to-Flow model and the network’s consistent growth in hash rate show that investors have regained…

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3 Things Holding Back Bitcoin Price From $7K Right Now

Bitcoin has slowly regained value after its major correction two weeks ago. It now appears on the cusp of breaking USD $7,000 yet every gain is followed by a short correction. A series of factors keep preventing it from breaking this important price line.  GLOBAL MARKET UNCERTAINTY Every commodity market has been shaken over the…

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Competition in Bitcoin Mining Eases as Price Drop Thins Herd- CoinDesk

A key measure of competition among Bitcoin miners just dropped by 15.95 percent – the second-largest decline in the network’s history. The drop in so-called mining difficulty signals some miners have bowed out of the ongoing race to solve math problems to win freshly minted bitcoin, as a decline in the cryptocurrency’s price has made…

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Litecoin Could See Another Price Crash Soon, Will Bitcoin Follow?

The crypto market remains volatile, with analysts actively trying to seek insight into its next moves. Litecoin now appears ready for a notable correction. Such a move could set off a similar drop in Bitcoin and other cryptos, as it has done before. LITECOIN MAY OFFER CLARITY TO UNPREDICTABLE MARKET As crypto traders attempt to…

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3 Reasons Why Bitcoin Price is Bullish Right Now

Bitcoin price has jumped over 15% during the last 24 hours, currently trading above $6,700. Here are three main reasons behind the surge: Congress Discuss Digital Dollar by Fed to Fight Crisis House Democrats proposed two bills that revolve around the creation of a digital dollar and digital wallets, so that the Federal Reserve (Fed)…

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