Bitcoin spiked to 18-month highs

9 July, 2019

The price of Bitcoin spiked at night by more than $1,200, or almost 11% above $12,500. Along with the price, trading volumes also grew, which fundamentally supported a positive trend. The fact that Bitcoin was not allowed to decline below $10K and the asset constantly attracted consumer demand after waves of corrections, created room for growth for the benchmark cryptocurrency and attracted new buyers.

The Bitcoin price chart resembles a parabola, however, there are fundamental differences between what we saw in 2017 and today. Two years ago, the growth parabola was no longer interrupted above the $10K up to $18K. There was a painful excitement on the market, which ended in a collapse of prices. This can be explained: many then discovered this investment segment. Now it seems that the BTC is moving towards new goals as if in “in the standard operating mode”, making measured pauses for consolidation before a new breakthrough.


Source link   Presented by FxPro

Bitcoin Back Below $8000

Bitcoin (BTC) price has continued its multiple-day slide, dropping 5.3% over the past two days and 9.6% from it's $8,800 high 5 days ago. While...

Bitcoin price at high risk of $4000 or lower

Bitcoin (BTC) price is heading to $4,000 after breaking support to trigger a sudden bear market, says one of its most prominent critics. In a tweet on...

BTC divided market to 2 camps

Crypto market participants were divided into 2 camps. The former believe that the current side trend is a harbinger of a deep correction. This scenario...


Bitcoin continues to trade sideways

On Thursday, the leading cryptocurrency Bitcoin (BTC) continues to trade sideways within a narrow trading range of 10,650 - 10,350...

Bitcoin continues to trade at $10200

Bitcoin continues to trade at $10,200 within the range set 6 days ago, losing almost 2% in the last 24 hours. Leading altcoins are losing 2-5%...

New whales accumulating funds

During the last 7 days, Bitcoin repeatedly demonstrated sharp fluctuations but failed to get out of the side trend of $10-$11, practically unchanged in the price...


Bitcoin: fear or opportunity?

Once again, the battle for Bitcoin unfolds around the $10K threshold. According to CoinMarketCap, Bitcoin has lost more than 2% during the last...

Bitcoin plummeted 8% overnight

Overnight, the bitcoin price has dropped from $10,959 to $10,068 against the U.S. dollar, recording an 8.13 percent slip within a 24-hour span. The short...

Will companies support Bitcoin?

The bulls once again supported Bitcoin without letting it drop below $9,700. At the beginning of the week, Bitcoin got a new impetus for growth due...

  


Share it on:   or