Category: Bitcoin

Bitcoin Price Analysis: BTC Springing to New Highs

The Bitcoin seems to never get tired of renewing highs. On Tuesday, February 9th, the flagship cryptocurrency is trading at 47,137 USD. The D1 of BTC/USD has not changed much lately, so the pair keep growing. The aim of the ascending impulse might be 51,000 USD. The MACD histogram is positive, rising steadily, increasing the chances for the impulse to get stronger. The signal lines of the indicator are also …
[Read More]

Bitcoin Price Analysis for December, 27th – BTC Slightly Declining at the End of the Year

By Dmitriy Gurkovskiy, author at RoboForex Blog On Friday, December 27th, the activity shrunk to a minimum. The leading cryptocurrency is trading at $7181.00 and declining slightly. Judging by the dynamics on D1, market participants are aimed at 76.0% ($5700.00) but stopped yet near 61.8% Fibo. At the decline, there is a convergence on the MACD, which may signal a pullback but only after the target level is reached. As …
[Read More]

Bitcoin Price Watch: Currency Falls to $7,400

The $7,400 – $7,600 range is proving difficult for the king of crypto to handle. Bitcoin is struggling to maintain its ground in the mid $7,000s, and has again fallen $200 below where it was trading during yesterday’s afternoon hours. This position had previous been held for roughly two days, and it was widely wondered whether bitcoin would be able to strike $8,000 once again. That doesn’t appear to be …
[Read More]