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    Home » Bitcoin (BTC) Price Analysis – Daily Updates

    Bitcoin (BTC) Price Analysis – Daily Updates


    Last Price
    $46,544
    Daily High
    $48,484
    Daily Low
    $45,057

    Chart Analysis

    Bitcoin Price Analysis: BTC Gets Away From $50K, Downtrend Confirmed?

    Bitcoin Price Analysis: BTC Gets Away From $50K, Downtrend Confirmed?

    Feb 26, 2021
    Bitcoin's rollercoaster continues today after the primary cryptocurrency fell by $6,240, around 12%, from yesterday’s highs of $52,080. BTC had dipped further this morning but managed to rebound from the support at $44,750 (4-hr 50...
    Read More

    • bitcoin
    • Bitcoin
      (BTC)
    • Price
      $46,736.00
    • Market Cap
      $871,161,597,040.00

    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

    • Weekend Recovery: Bitcoin Rebounds $3K After Hitting 16-Day Low, ETH Eyes $1,500

      Weekend Recovery: Bitcoin Rebounds $3K After Hitting 16-Day Low, ETH Eyes $1,500

      Feb 27, 2021
    • Crypto Price Analysis & Overview February 26th: Bitcoin, Ethereum, Ripple, Polkadot, and Chainlink

      Crypto Price Analysis & Overview February 26th: Bitcoin, Ethereum, Ripple, Polkadot, and Chainlink

      Feb 26, 2021
    • 3 Possible Reasons Why Bitcoin Plunged Over 15% in 24 Hours

      3 Possible Reasons Why Bitcoin Plunged Over 15% in 24 Hours

      Feb 26, 2021
    • Bitcoin Crashing Below $45K As $160B Evaporated from the Market Cap

      Bitcoin Crashing Below $45K As $160B Evaporated from the Market Cap

      Feb 26, 2021
    • 13,000 Bitcoins Withdrawn from Coinbase: Institutional Investors Still Buying at $48K?

      13,000 Bitcoins Withdrawn from Coinbase: Institutional Investors Still Buying at $48K?

      Feb 25, 2021
    • Charlie Munger Compared Bitcoin to Gold But He Won’t Buy Either

      Charlie Munger Compared Bitcoin to Gold But He Won’t Buy Either

      Feb 25, 2021
    • Bitcoin Price Analysis: Expecting Huge Move Upon Triangle’s Breakout

      Bitcoin Price Analysis: Expecting Huge Move Upon Triangle’s Breakout

      Feb 25, 2021
    • Someone Just Moved 100 Bitcoins Now Worth $5M That Only Cost $8 in 2010

      Someone Just Moved 100 Bitcoins Now Worth $5M That Only Cost $8 in 2010

      Feb 25, 2021
    • Bitcoin Drops Below $50K, Major Altcoins in Red: Market Watch

      Bitcoin Drops Below $50K, Major Altcoins in Red: Market Watch

      Feb 25, 2021
    • Bank of Korea Head Says Cryptocurrencies Have No Intrinsic Value

      Bank of Korea Head Says Cryptocurrencies Have No Intrinsic Value

      Feb 24, 2021

    [ See more news ]

  • bitcoin
    BTC$46,736.00
  • ethereum
    ETH$1,464.58
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