Last Price
$70,827
Daily High
$71,528
Daily Low
$68,490
Chart Analysis
This Bitcoin Metric Signals Caution Despite Attempts to Reclaim $67K: BTC Price Analysis
13:45
Bitcoin’s price has recently found support around the significant $60K price level, initiating a period of sideways consolidation correction. However, buyers are aiming to reclaim 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 (BTC) Volatility, Ripple (XRP) Price Predictions, and More: Bits Recap March 28
PlanB’s Poll Shows Strong Belief in Bitcoin’s $100k Milestone by 2024
Bitcoin Hits Resistance Again as Realized Profits Reach $2.6B Per Day
Is $160K Conservative for Bitcoin? BTC on the Verge of Another Breakout: Here’s Why
Bullish for BTC? Institutional and Retail Investors’ Appetite for Bitcoin Is Growing, Shows This Coinbase Metric
Here’s the Local Price Bottom of Bitcoin’s Current Trading Range, According to Bitfinex
Spot Bitcoin ETF Flows Return to Positive as BTC Powers to $71K
Here’s Why Robert Kiyosaki Wants to Buy More Bitcoin (BTC) Now
Bitcoin Skyrockets Above $70,000 As BlackRock Deems Asset A “Good Portfolio Diversifier”
Bitcoin (BTC) Soars Past $69K to Chart 9-Day High, Liquidations Jump to $200M
Bitcoin (BTC) Volatility, Ripple (XRP) Price Predictions, and More: Bits Recap March 28
PlanB’s Poll Shows Strong Belief in Bitcoin’s $100k Milestone by 2024
Bitcoin Hits Resistance Again as Realized Profits Reach $2.6B Per Day
Is $160K Conservative for Bitcoin? BTC on the Verge of Another Breakout: Here’s Why
Bullish for BTC? Institutional and Retail Investors’ Appetite for Bitcoin Is Growing, Shows This Coinbase Metric
Here’s the Local Price Bottom of Bitcoin’s Current Trading Range, According to Bitfinex
Spot Bitcoin ETF Flows Return to Positive as BTC Powers to $71K
Here’s Why Robert Kiyosaki Wants to Buy More Bitcoin (BTC) Now
Bitcoin Skyrockets Above $70,000 As BlackRock Deems Asset A “Good Portfolio Diversifier”
Bitcoin (BTC) Soars Past $69K to Chart 9-Day High, Liquidations Jump to $200M