$7,900: Bitcoin’s Price Extends Gains to Hit 9-Month High

The price of bitcoin (BTC) surpassed $7,900 today, jumping 16 percent in the process to reach a high not seen in more than nine months. Bitcoin (BTC), with a market capitalization that now accounts for 59.8 percent of the total cryptocurrency market, jumped 16 percent from its opening price of $6,800 to reach $7,889 at 15:10 UTC – its highest price since July 31, 2018, according to CoinDesk’s price data. The data further shows that a high of $7,946.01 has been reached during Monday trading. Now trading a $7,805.10, current figures represent…

Bitcoin Price Hits 8-Month High Close to $7K

View Bitcoin printed an eight-month high of $6,964 earlier today. Further strengthening the long-term bullish bias is a bull cross of the 100- and 200-day moving averages (MAs) – the first since July 2015. A sustained move toward the next resistance at $7,411 (September 2018 high) could be preceded by a price pullback, as the 14-day relative strength index (RSI) is currently reporting overbought conditions. Pullbacks, if any, will likely be reversed by the historically strong 30-day moving average (MA), currently at $5,450. The long-term bullish outlook would be invalidated…

Bitcoin’s Market Share Hits 8-Month High as Price Passes $6K

View Bitcoin’s dominance rate has hit 8-month highs, suggesting investor confidence in the recent price rally. A test of highs above $6,500 seen in November last year now seems likely. Such a move, however, may be preceded by a pullback to the 10-day moving average at $5,633 if the immediate resistance zone of $6,055–$6,100 remains intact in the next 24 hours or so. The short-term bullish outlook would be invalidated only by a drop below the 30-day MA at $5,365. Bitcoin’s (BTC) recent rally looks sustainable, according to the charts,…

3 Reasons Bitcoin Will Race Toward a New Record High at $20,000

By CCN: The bitcoin price surged as much as 7.60-percent on Friday to establish a new 2019 peak at $5,796.93. The uptrend pushed bitcoin’s year-to-date rally to an impressive 54.08-percent. At the same time, it brought the asset’s total recovery to an astounding 82-percent and set the cryptocurrency well on its way to a fresh record high. Here are three factors that indicate the bitcoin price has not only found a bottom but is also well on its way to smashing through the $20,000 peak it set in late 2017.…

Bitcoin (BTC) Smashes Resistance: Buyers Target Fresh Monthly High

Bitcoin price settled above the $5,160 resistance and climbed above $5,250 against the US Dollar. The price traded towards the $5,300 resistance and it is currently consolidating gains. There is a key ascending channel in place with support at $5,230 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could dips a few points, but it remains well supported for more gains above $5,300 and $5,350. Bitcoin price gained bullish momentum above $5,250 against the US Dollar. BTC remains in an uptrend and it is…

Bitcoin Remains Stable | Crypto Market Capitalization Hits New High

Over the last month, the cryptocurrency market was on a hot streak, rising about 38% as investors piled into crypto assets such as Bitcoin and other popular alternatives like Litecoin, Ripple’s XRP, Ethereum, Bitcoin Cash, and EOS. Crypto Market Capitalization Hits New All-Time High At the beginning of the month, Bitcoin (BTC) price surged, taking analysts and traders by surprise as to what might have caused the sudden increase in price. However, analysts are unsure whether the cryptocurrencies will hold their recent gains. But considering Bitcoin has managed to maintain…

Crypto Market Storms to 2019 High as Trump Calls for ‘Rocketship’ Fed Policy

Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. A total of $38.06 billion have entered the emerging cryptocurrency economy in the past week. The cryptocurrency market cap, which combines the worth of all crypto assets in circulation, shot…

Bitcoin Price Hits 5-Week High With Chart Echoing 2015 Pre-Rally Pattern

View Bitcoin jumped to a five-week high of $4,100 earlier today, reinforcing the bullish view put forward by the recent bounce from the crucial 30-day moving average support. That, coupled with the flag breakout on the 4-hour chart, indicates scope for a re-test of $4,190 (February high). The short-term bullish case would weaken if prices fail to close today above $4,055 (March 21 high). On the downside, a bearish reversal would be confirmed if and when prices find acceptance below the 30-day moving average, currently at $3,900. Additionally, bitcoin’s 200-candle…

Bitcoin Price Analysis: Keep an Eye Out for a Close Above the Current High

Shortly after falling from its test of the low $4,000s, bitcoin managed to find support in the mid $3,500s. This has proven to be a relevant level over the last few months, and finding support here would be a sign of relatively strong demand: Figure 1: BTC-USD, Daily Candles, Local Support The high candle spread rejection following our test of the low $4,000s was an indication that we had strong levels of supply left in the market, but for the time being we are holding support. Looking into lower time…

Back Above $4k: Bitcoin’s Price Jumps to a Two-Month High

Bitcoin’s price climbed back above $4,000 on Saturday for the first time in over two months as the broader cryptocurrency market flashed green. At 18:00 UTC on Saturday, the world’s largest cryptocurrency by market capitalization surpassed the $4,000 mark to ultimately reach $4,146 – its highest price since Dec. 24 of last year, according to pricing data from CoinDesk.  Bitcoin’s price has since pulled back slightly, now trading at $4,104, but current figures still represent a considerable 20 percent increase since the beginning of the month. Bitcoin is usually accompanied by the broader cryptocurrency market…