Last Price
$96,364
Daily High
$97,317
Daily Low
$95,867
Chart Analysis
Bitcoin Price Analysis: BTC Consolidation Persists, but Risks Remain
08:57
Bitcoin sellers are grappling with a decisive support zone at the 100-day moving average, with a potential breakdown paving the way for a retest of the
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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.
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Bitcoin Price News

Bitcoin Network Activity Plunges to Yearly Lows as BTC Struggles Below $100K: CryptoQuant

3 Bullish Signs for Bitcoin Following Recent Crash

Perpetual Swap Contracts Took a Huge Hit During Monday’s Crash: Here’s the Damage

Bitcoin Price Analysis: BTC Consolidation Persists, but Risks Remain

We Asked DeepSeek to Predict Bitcoin Prices and It’s Very Bullish

How Will Markets React to Today’s $2.5B Bitcoin Options Expiry?

Bitcoin Price Analysis: Danger Persists as BTC Fails to Conquer $100K Resistance

No Movement for Bitcoin After Latest Eric Trump Plug

Bitcoin Price Struggles Below $100K but These Altcoins Outperform (Market Watch)

Bitcoin Leads US Equity Markets Amid Macro Developments, Yet Stays Resilient: Report
Bitcoin Network Activity Plunges to Yearly Lows as BTC Struggles Below $100K: CryptoQuant
3 Bullish Signs for Bitcoin Following Recent Crash
Perpetual Swap Contracts Took a Huge Hit During Monday’s Crash: Here’s the Damage
Bitcoin Price Analysis: BTC Consolidation Persists, but Risks Remain
We Asked DeepSeek to Predict Bitcoin Prices and It’s Very Bullish
How Will Markets React to Today’s $2.5B Bitcoin Options Expiry?
Bitcoin Price Analysis: Danger Persists as BTC Fails to Conquer $100K Resistance
No Movement for Bitcoin After Latest Eric Trump Plug
Bitcoin Price Struggles Below $100K but These Altcoins Outperform (Market Watch)
Bitcoin Leads US Equity Markets Amid Macro Developments, Yet Stays Resilient: Report