Last Price
$64,856
Daily High
$68,527
Daily Low
$64,628
Chart Analysis
When Will Bitcoin’s Correction End? Bulls Unsuccessful at Pushing $68K (Bitcoin Price Analysis)
13:52
Following a remarkable surge that propelled Bitcoin to an all-time high of $73K, the price encountered significant selling pressure, resulting in a rejection. However, after undergoing
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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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When Will Bitcoin’s Correction End? Bulls Unsuccessful at Pushing $68K (Bitcoin Price Analysis)
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Bitcoin Price News
Over $400M in Liquidations as BTC Slumps to 13-Day Lows, SHIB and DOGE Plummet by 13%
Standard Chartered Ups Bitcoin Prediction by 50%, $150K by 2024 End
When Will Bitcoin’s Correction End? Bulls Unsuccessful at Pushing $68K (Bitcoin Price Analysis)
Solana Skyrockets Above $200 as Bitcoin Lags Behind (Market Watch)
Ripple Price Predictions, Shiba Inu (SHIB) Developments, and More: Bits Recap March 18
Will Bitcoin Enter The Danger Zone as Fed Rate Decision Looms ?
‘There and Back Again:’ Bitcoin’s Revival Explained for ‘The Lord of the Rings’ Fans (Op-ed)
This Happened on Coinbase’s Bitcoin Premium Index Before BTC Plunged to $66K
Bitcoin Price Analysis: BTC Undergoes Massive Correction Below $70K, What’s Next?
Bitcoin’s Cycle Top Is Near, But a 20% Correction is Necessary: Analysts
Over $400M in Liquidations as BTC Slumps to 13-Day Lows, SHIB and DOGE Plummet by 13%
Standard Chartered Ups Bitcoin Prediction by 50%, $150K by 2024 End
When Will Bitcoin’s Correction End? Bulls Unsuccessful at Pushing $68K (Bitcoin Price Analysis)
Solana Skyrockets Above $200 as Bitcoin Lags Behind (Market Watch)
Ripple Price Predictions, Shiba Inu (SHIB) Developments, and More: Bits Recap March 18
Will Bitcoin Enter The Danger Zone as Fed Rate Decision Looms ?
‘There and Back Again:’ Bitcoin’s Revival Explained for ‘The Lord of the Rings’ Fans (Op-ed)
This Happened on Coinbase’s Bitcoin Premium Index Before BTC Plunged to $66K
Bitcoin Price Analysis: BTC Undergoes Massive Correction Below $70K, What’s Next?
Bitcoin’s Cycle Top Is Near, But a 20% Correction is Necessary: Analysts