Last Price
$23,264
Daily High
$23,610
Daily Low
$22,786
Chart Analysis
Bitcoin Slides Below $23K But a Bullish Indicator Flashes (BTC Price Analysis)
15:30
Bitcoin’s price rally has come to a halt as the market has been consolidating below a significant resistance level for weeks. While there are some worrying
Powered by TradingView
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

What Arthur Hayes Got Wrong About His Latest Market Forecast

Bitcoin Increases to $23.3K as Powell Reiterates 2% Inflation Target

FOMO Returns? 620K Retail Bitcoin Addresses Created Since BTC Reclaimed $20K

Bitcoin Slides Below $23K But a Bullish Indicator Flashes (BTC Price Analysis)

Despite Bear Market, 82% of Millionaires Sought Crypto Advice in 2022 (Survey)

Bitcoin Taps 5-Month Highs, Fed Hikes Rates as Expected, Optimism (OP) Leads DeFi Rally: This Week’s Recap

How Bitcoin Reacted to January’s Highly Anticipated FOMC Meeting

Bitcoin Recorded its Best January in 10 Years With a 39.6% Monthly Surge

Bitcoin Sees Best Month Since Oct 2021 as Exchange Flows Normalize: Glassnode

From $100K to $1M, PlanB’s Prediction for Bitcoin’s High in 2025
Bitcoin Price News

What Arthur Hayes Got Wrong About His Latest Market Forecast

Bitcoin Increases to $23.3K as Powell Reiterates 2% Inflation Target

FOMO Returns? 620K Retail Bitcoin Addresses Created Since BTC Reclaimed $20K

Bitcoin Slides Below $23K But a Bullish Indicator Flashes (BTC Price Analysis)

Despite Bear Market, 82% of Millionaires Sought Crypto Advice in 2022 (Survey)

Bitcoin Taps 5-Month Highs, Fed Hikes Rates as Expected, Optimism (OP) Leads DeFi Rally: This Week’s Recap

How Bitcoin Reacted to January’s Highly Anticipated FOMC Meeting

Bitcoin Recorded its Best January in 10 Years With a 39.6% Monthly Surge

Bitcoin Sees Best Month Since Oct 2021 as Exchange Flows Normalize: Glassnode

From $100K to $1M, PlanB’s Prediction for Bitcoin’s High in 2025
What Arthur Hayes Got Wrong About His Latest Market Forecast
Bitcoin Increases to $23.3K as Powell Reiterates 2% Inflation Target
FOMO Returns? 620K Retail Bitcoin Addresses Created Since BTC Reclaimed $20K
Bitcoin Slides Below $23K But a Bullish Indicator Flashes (BTC Price Analysis)
Despite Bear Market, 82% of Millionaires Sought Crypto Advice in 2022 (Survey)
Bitcoin Taps 5-Month Highs, Fed Hikes Rates as Expected, Optimism (OP) Leads DeFi Rally: This Week’s Recap
How Bitcoin Reacted to January’s Highly Anticipated FOMC Meeting
Bitcoin Recorded its Best January in 10 Years With a 39.6% Monthly Surge
Bitcoin Sees Best Month Since Oct 2021 as Exchange Flows Normalize: Glassnode
From $100K to $1M, PlanB’s Prediction for Bitcoin’s High in 2025