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    Bitcoin (BTC) Price Analysis – Daily Updates
    Home » Bitcoin (BTC) Price Analysis – Daily Updates

    Bitcoin (BTC) Price Analysis – Daily Updates


    Last Price
    $7,219
    Daily High
    $7,296
    Daily Low
    $7,195

    Chart Analysis

    Bitcoin Price Analysis: BTC Is Locked Inside a Bearish Descending Channel, $7000 Next Target?

    Bitcoin Price Analysis: BTC Is Locked Inside a Bearish Descending Channel, $7000 Next Target?

    Dec 10, 2019
    Our previous price analysis had identified a tight range in which Bitcoin is trading inside. Over the past hours, this range is seemingly cracking down, to the downside. For the past five days, Bitcoin was...
    Read More

    BTCUSD Quotes 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

    • Anthony Pompliano: Bitcoin Price At $100,000 By December 2021 (Exclusive Pomp Interview)

      Anthony Pompliano: Bitcoin Price At $100,000 By December 2021 (Exclusive Pomp Interview)

      Dec 8, 2019
    • As New Week Starts, Bitcoin Price Is About To Take a Critical Decision (BTC Analysis & Overview)

      As New Week Starts, Bitcoin Price Is About To Take a Critical Decision (BTC Analysis & Overview)

      Dec 8, 2019
    • What Are Bitcoin Price Gaps? How Can They Affect The Price?

      What Are Bitcoin Price Gaps? How Can They Affect The Price?

      Dec 8, 2019
    • Bitcoin Price is Likely To Re-Test $4,400 Before Turning Bullish Again, Prominent Analyst Explains

      Bitcoin Price is Likely To Re-Test $4,400 Before Turning Bullish Again, Prominent Analyst Explains

      Dec 7, 2019
    • Bitcoin Is Ready For Another Volatile Weekend: Saturday Crypto Market Watch

      Bitcoin Is Ready For Another Volatile Weekend: Saturday Crypto Market Watch

      Dec 7, 2019
    • Bitcoin Price Analysis: BTC to $6000 Or $8000? Bulls Vs. Bears War Continues

      Bitcoin Price Analysis: BTC to $6000 Or $8000? Bulls Vs. Bears War Continues

      Dec 6, 2019
    • Who Wants Bitcoin For $680? A Sudden Flash Crash On Binance USDS Market Sank BTC Price

      Who Wants Bitcoin For $680? A Sudden Flash Crash On Binance USDS Market Sank BTC Price

      Dec 5, 2019
    • Only In Crypto: Bitcoin Just Spiked 8% In 10 Minutes And Retraced

      Only In Crypto: Bitcoin Just Spiked 8% In 10 Minutes And Retraced

      Dec 4, 2019

    [ See more news ]

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    Bitcoin Editorials

    Anthony Pompliano: Bitcoin Price At $100,000 By December 2021 (Exclusive Pomp Interview)

    Anthony Pompliano: Bitcoin Price At $100,000 By December 2021 (Exclusive Pomp Interview)

    Dec 8, 2019

    What Are Bitcoin Price Gaps? How Can They Affect The Price?

    What Are Bitcoin Price Gaps? How Can They Affect The Price?

    Dec 8, 2019

    Bitcoin Price is Likely To Re-Test $4,400 Before Turning Bullish Again, Prominent Analyst Explains

    Bitcoin Price is Likely To Re-Test $4,400 Before Turning Bullish Again, Prominent Analyst Explains

    Dec 7, 2019

     2 Years Since the Bitcoin Bubble: How Easy is it to Buy Cryptocurrencies Compared to 2017? 

     2 Years Since the Bitcoin Bubble: How Easy is it to Buy Cryptocurrencies Compared to 2017? 

    Nov 20, 2019

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