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Chart Analysis
BTC Bull Run Paused Following the Crash to $57K or Healthy Correction? (Bitcoin Price Analysis)
19:41
Bitcoin’s price has been consolidating above $60K over the last few months. Yet, the price has broken below the level today, and investors are in a
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How to read Bitcoin charts?
Bitcoin charts usually present the progress of the price using Japanese candlesticks. Each candle represents a specific time-frame (depends on the chart) and is showing the open, close, and price range during that time-frame.
On top of that, the chart usually contains a variety of technical analysis indicators. The most popular are support and resistance levels, trend-lines, Relative Strength Index (RSI), Fibonacci retracement levels.
What affects the price of Bitcoin?
Just like any other traded asset, the Bitcoin price is affected by supply and demand, as simple as that. However, the occurrence of certain global fundamental events could have a relation to the value of Bitcoin: During the year of 2016, for example, India's banknote demonetization had a positive effect on Bitcoin. In India, the price of the cryptocurrency was trading 20% higher than the rest of the world.
If we go to recent years, the 2019 bull-run could be related to Facebook announcing on the Libra project. The bull-run started losing momentum as news regarding Libra's regulation's hardness started popping on the news.
Besides the major global events, there are some Bitcoin heavy-bag holders, which are also known as Bitcoin Whales. They are holding thousands of BTC's, and that is enough to create large enough daily price maneuvers.
Bitcoin Price News
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Crypto Investor Sentiment Turns Neutral as BTC Price Plummets Below $57K
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Bitcoin Price News
BlackRock’s Spot Bitcoin ETF Sees First Outflows Amid BTC Price Slump
Bitcoin (BTC) Price Decline, Shiba Inu (SHIB) Advancements, Ripple (XRP) Price Predictions: Bits Recap May 2
This Time Its Different, BTC Slump Not Caused by Leverage Flushout: Analyst
BTC Bull Run Paused Following the Crash to $57K or Healthy Correction? (Bitcoin Price Analysis)
Bitcoin Newbies Are Panic Selling At A Loss After Price Crunch: Glassnode
Bitcoin Price Recovers After Fed Announces No Rate Hike At FOMC
Here’s When BTC Price Will Tap $500K: PlanB’s S2F Model Remains Unfazed Amid Market Correction
‘Buy the Dip Crypto’ Searches Jump to a Two-Year High as Bitcoin (BTC) Falls to Monthly Lows
Crypto Investor Sentiment Turns Neutral as BTC Price Plummets Below $57K
The Reasons BTC Price Plunged to $57K Today
BlackRock’s Spot Bitcoin ETF Sees First Outflows Amid BTC Price Slump
Bitcoin (BTC) Price Decline, Shiba Inu (SHIB) Advancements, Ripple (XRP) Price Predictions: Bits Recap May 2
This Time Its Different, BTC Slump Not Caused by Leverage Flushout: Analyst
BTC Bull Run Paused Following the Crash to $57K or Healthy Correction? (Bitcoin Price Analysis)
Bitcoin Newbies Are Panic Selling At A Loss After Price Crunch: Glassnode
Bitcoin Price Recovers After Fed Announces No Rate Hike At FOMC
Here’s When BTC Price Will Tap $500K: PlanB’s S2F Model Remains Unfazed Amid Market Correction
‘Buy the Dip Crypto’ Searches Jump to a Two-Year High as Bitcoin (BTC) Falls to Monthly Lows
Crypto Investor Sentiment Turns Neutral as BTC Price Plummets Below $57K
The Reasons BTC Price Plunged to $57K Today