Bitcoin Price Analyses Archives

Pro Traders Tread The Cautious Path As Bitcoin Rally Scatters Bearish Sentiment

2021-07-312021-07-30 by Kris Okonkwo

Having broken a descending wedge pattern, Bitcoin surged up to an impressive 22% increase this week. The crypto giant reached its highest since June 15 this week. With a good surge in price, no doubt the bear was attacked but the bear sentiment remains strong prompting pro-traders to maintain an overall cautious outlook. After enduring …

Bitcoin Approaches A Strongly Bearish Territory; Will Investors Be Tempted To Sell Their Crypto Assets?

2021-07-242021-07-23 by Kris Okonkwo

Cryptocurrency giant Bitcoin is seen to make moves towards a strong bear territory. As bear market lingers, traders are promoted to slam-down bullish arguments. Will Bitcoin test even lower price levels in the coming weeks? As Bitcoin appears to be in a strongly bearish territory, investors will be making more sell moves to buy later …

Bitcoin Once Again At The Most Critical Level In The Short-Term

2021-07-182021-07-17 by Kris Okonkwo

The flagship cryptocurrency, Bitcoin, continues to struggle this week as the asset dropped to a 19-day low of just over $31,000. Altcoins suffer a downtrend as well, with ETH below $2,000, DOGE dumping beneath $0.20, and some losing a substantial amount of value. The past week has shown more bearish than bullish signs. BTC fellby …

Bitcoin May Be Ready For A Show Of Robustness, But Which Direction Will It Break

2021-07-092021-07-09 by Kris Okonkwo

Having lost 6% of its value in the last 48 hours, Bitcoin is currently trading at around $32,900 region. The fall in value was as a result of decreasing amounts of trading volume. Over the past weeks, the Bulls have appeared weaker having put its buying power into support yet still failing to produce any …

Bitcoin Tipped To Enjoy A Positive Turn Around In The Third Quarter of 2021

2021-07-02 by Kris Okonkwo

Bitcoin closed its worst trading quarter in three years with a 41% decline. As bitcoin continues with its price slumps we see the primary cryptocurrency retrace to a little over $33,000 this week. Having attained a 12-day high of $36,400 Bitcoin has experienced an over $2,000 wipe in gains in the past 48hours. The impact …

Bearish Bitcoin Market To Be A Short-lived Phenomena As Positive Signals Prevails

2021-06-262021-06-25 by Kris Okonkwo

With majority of the cryptocurrencies trading in red, this has been yet again another rollercoaster week for digital currencies. With Bitcoin down a steep 11.7% this week and currently trading beneath $34,000 despite negative fundamental news coming from China. BTC recovering having dipped to around $28,000 shows that demand remains strongly bullish. UN Perceives Blockchain …

Cleaner Energy To Help Revive Bitcoin Bull-Run?

2021-06-19 by Kris Okonkwo

Yet another week of Bitcoin enacting it’s dominance in the crypto world having managed to pull a bit up above the $37k region but seem to be ending the week in the red in a week it attained a high of around $40k. Will cleaner energy boost adoption of Bitcoin? BTC/USD Weekly Chart. Source: Blockchain.com …

The Return of Bitcoin Bull Market: Will Governments Eventually Defeat Bitcoin?

2021-06-11 by Kris Okonkwo

Bitcoin has continued to make moves to recover recent losses having reached a week high of $38,500. In a week that sees most altcoin failing to produce gains, Bitcoin dominance is booming. Will Government regulations make or mar Bitcoin? After falling to as low as $31,000 on Tuesday, Bitcoin started to reclaim its lost ground …

Bitcoin Market Analysts Divided Over Price Trajectory

2021-06-042021-06-04 by Kris Okonkwo

Yet another choppy week of price action in the crypto sphere. With Bitcoin down by about 4.7% this week, having tested a resistance at $40,760 last week. Analyst remain divided over short and intermediate term trajectory of the cryptocurrency giant. Bloomberg Analyst: Bitcoin more likely to hit $100K than $20K in 2021 Bloomberg senior commodity …

Market Analysis: Is Bitcoin Headed For Further Crash?

2021-05-28 by Kris Okonkwo

Yet another week of indecisive price action as Bitcoin was unable to reclaim the $40k levels. Traders remain extremely cautious following last week’s brutal sell-off, but on-chain data is beginning to signal increasingly bullish activity. The past week hasn’t gone in favour of the bulls as the price of Bitcoin is down about 9%, currently …

Bitcoin: Is This The End?

2021-05-21 by Kris Okonkwo

Bitcoin has seen a shaky week in which the price is down by over 20%. The cryptocurrency giant alongside almost all altcoins experienced a bloodbath, with Bitcoin retesting the $30k support. Is bitcoin in for full recovery or is the bull market over? Elon Musk May Have Just Hinted An Offload Of Tesla’s Bitcoin Holding …

Bitcoin: Sell Season?

2021-05-142021-05-14 by Kris Okonkwo

Bitcoin, the digital currency giant started off to a good start this week but took a sharp drop trend following news that Tesla suspended accepting BTC as payments for their electric vehicles. A sea of reds for the crypto world at some point this week. The question now is, is it time to buy or …

Bitcoin Bull Run Finally Coming To An End?

2021-05-072021-05-07 by Kris Okonkwo

A bull and a bear fighting - CryptoCaptain

A week that sees Bitcoin trying to stage a comeback in order to catch up with spectacular price action seen in Ethereum and other altcoins. Is the Bull season over? Comedian Bill Maher Just Made Bitcoin Decidedly ‘Uncool’ The power being used right now to guess numbers and win imaginary prices is the same …

Bitcoin To Hit 100k This Year Despite Recent Price Slump – Experts Believe

2021-04-302021-04-30 by Kris Okonkwo

The flagship cryptocurrency has been recovering from its recent slump of around the 46,000 range having attained ATH of $64,900 last-week. Despite recent panic, some analyst still expects six-figure Bitcoin prices this year. Pending any dramatic movement in price today, this is the first time in six years that Bitcoin will end the month of …

A Red Week But Bitcoin Still Bullish

2021-07-222021-04-23 by Kris Okonkwo

A red week for Bitcoin and the cryptocurrency market. With only a few exceptions, almost every crypto experienced a decline this week. Bitcoin saw a stormy week in which the price dropped by a steep 20% to break beneath $50,000 and reach as low as $47,500 today. Peter Brandt: ‘Laser eyes’ to blame for …

Bitcoin: Is $70k in Sight?

2021-04-302021-04-16 by Kris Okonkwo

A week that sees Bitcoin break above the stiff overhead resistance at $61,825.84, indicating the resumption of the uptrend. The sharp rally also completed the breakout from the inverse head and shoulders pattern that has a target objective at $69,540. Bitcoin traded at a record high of $64.5k this week. Will Bitcoin continue an upward …

Bitcoin Price Stalls But Market Still Bullish

2021-04-102021-04-09 by Kris Okonkwo

The digital currency giant started the month with another attempt to breach the $60,000 benchmark level. Unfortunately, it was unable to overcome this resistance through the week as it set a range between $60,000 and $57,000. Despite Bitcoin moved sideways over the last week of trading as it sits at $58,600, experts echo the likelihood …

Bitcoin Price Looks Set for A Strong Rally Above $60K

2021-04-022021-04-02 by Kris Okonkwo

In a week that saw Bitcoin experience a third rejection in its attempt to break past the $60k mark, Bitcoin price extended its upward move above the $59,000 zone against the US Dollar yet again. BTC is showing positive signs and it is likely to accelerate further higher in the well-nigh. In a trading week …

Bitcoin Consolidating Recent Gains

2021-07-222021-03-26 by Kris Okonkwo

Taking about 10% fall in price in the past seven days, the cryptocurrency giant Bitcoin has experienced a fall throughout the week after slipping beneath an ascending trend line around the previous ATH from February at around $58,300, back on Monday. On Saturday March 20th, Bitcoin was rejected trying to break through the $60k resistance …

Bitcoin Price Analysis: Resistance Stumbling Block For New ATH?

2021-03-20 by Kris Okonkwo

Having touched an all time high of $61k, Bitcoin experienced yet another week of volatility which sees the digital currency giant take a peel back and retracing to week low of around 53k. Most altcoins experienced similar trend however, some performed much better than others. Is Resistance the hurdle to setting a new ATH? …