Last Price
$64,727
Daily High
$64,986
Daily Low
$60,022
Chart Analysis
Bitcoin Price Analysis: Is Bitcoin About to Crash Below $60K or Stage a Recovery?
13:37
Bitcoin’s price has been consolidating above the $60K mark, failing to continue its upward trajectory. Yet, soon, it will become evident whether the market will pull
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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
Iran Reportedly Won’t Retaliate Immediately: Bitcoin Price Soars Toward $65K
Can BTC Hold Above $60K With $1.3B Bitcoin Options Set to Expire?
Bitcoin Price Plunges Below $60K On Iran’s Explosions Report
Bullish For Bitcoin? Important Indicators Shift as Prices Head South
$1.72B Worth of Bitcoin Moved to Accumulation Addresses After Dip Below $63K: Data
This Bitcoin Halving Will Not be Different: PlanB
Important Ripple vs SEC Development, Bitcoin (BTC) Price Retreat, and More: Bits Recap April 18
Bitcoin Poised to Enter Lenghty Re-Accumulation Phase as Pullback Hits 18%
Bitcoin Drops Below $60,000 Triggering $215 Million In Liquidations
Bitcoin (BTC) Bulls Await Halving: Accumulation Phase Signals Investor Confidence
Bitcoin Price News
Iran Reportedly Won’t Retaliate Immediately: Bitcoin Price Soars Toward $65K
Can BTC Hold Above $60K With $1.3B Bitcoin Options Set to Expire?
Bitcoin Price Plunges Below $60K On Iran’s Explosions Report
Bullish For Bitcoin? Important Indicators Shift as Prices Head South
$1.72B Worth of Bitcoin Moved to Accumulation Addresses After Dip Below $63K: Data
This Bitcoin Halving Will Not be Different: PlanB
Important Ripple vs SEC Development, Bitcoin (BTC) Price Retreat, and More: Bits Recap April 18
Bitcoin Poised to Enter Lenghty Re-Accumulation Phase as Pullback Hits 18%
Bitcoin Drops Below $60,000 Triggering $215 Million In Liquidations
Bitcoin (BTC) Bulls Await Halving: Accumulation Phase Signals Investor Confidence
Iran Reportedly Won’t Retaliate Immediately: Bitcoin Price Soars Toward $65K
Can BTC Hold Above $60K With $1.3B Bitcoin Options Set to Expire?
Bitcoin Price Plunges Below $60K On Iran’s Explosions Report
Bullish For Bitcoin? Important Indicators Shift as Prices Head South
$1.72B Worth of Bitcoin Moved to Accumulation Addresses After Dip Below $63K: Data
This Bitcoin Halving Will Not be Different: PlanB
Important Ripple vs SEC Development, Bitcoin (BTC) Price Retreat, and More: Bits Recap April 18
Bitcoin Poised to Enter Lenghty Re-Accumulation Phase as Pullback Hits 18%
Bitcoin Drops Below $60,000 Triggering $215 Million In Liquidations
Bitcoin (BTC) Bulls Await Halving: Accumulation Phase Signals Investor Confidence