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Tag Archives: price

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Bitcoin price weekly analysis – 21.4.2019

Even though last week’s trading sessions started by bitcoin price dropping down to record a week low of $4,977, it rose gradually later on to record a week high of $5,332 on Thursday. The market’s bulls managed to break through the resistance around $5,297, which corresponds to the 76.4% Fibonacci retracement. The new bullish wave which has been evident since ... Read More »

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Bitcoin price weekly analysis – 15.4.2019

Bitcoin price rose during last week’s trading sessions to record a week high of $5,488 last Wednesday, which exceeded the resistance level around the 76.4% Fibonacci retracement ($5,297). However, the bullish momentum failed to keep bitcoin price above this resistance level to drop below it within less than eight hours, after the week high had been recorded. Bitcoin price has ... Read More »

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Bitcoin price weekly analysis – 8.4.2019

Bitcoin price recorded an astonishing 20% gain during last week’s trading sessions. It scored around $1,000 gains during less than five days. The market’s bulls managed to take bitcoin price to break through three important resistance levels: the 38.2% Fib retracement ($4,198), the 50% Fib retracement ($4,537), and the 61.8% Fib retracement ($4,877) (refer to our previous bitcoin price analysis ... Read More »

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Bitcoin price weekly analysis – 31.3.2019

After dropping down to a week low of $3,939 last Monday, bitcoin price has been rising steadily during the remainder of last week’s trading sessions, recording a week high of $4,210 on Saturday. The week high has breached a critical resistance level around $4,198.7, which corresponds to the 38.2% Fibonacci retracement (check last week’s bitcoin price analysis for the coordinates ... Read More »

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Bitcoin price weekly analysis – 23.3.2019

Bitcoin has been trading above $4,000 all through last week’s trading sessions. The market continued on moving through the new rising channel we spotted during last week’s bitcoin price analysis. A week high of $4,146 was recorded on Thursday, before a downwards price correction attempt became evident pulling bitcoin price down to record a week low of $4,044. The bullish ... Read More »

Bitcoin price weekly analysis 17.3.2019

Bitcoin price managed to successfully stabilize above the $4,000 mark during most of last week’s trading sessions. The week started by a downwards price correction attempt that pulled bitcoin price to record a week low of $3,897 on Tuesday. Thereafter, bitcoin price began rising steadily recording a week high of $4,100 on Saturday. The market is clearly bullish now and ... Read More »

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Bitcoin price weekly analysis – 9.3.2018

Even though bitcoin price dropped down to a week low of $3,767 in the beginning of last week’s trading sessions, it rose steadily thereafter to record a week high of $3,997.4 on Thursday. Bitcoin price has been rising along the upwards trend line we spotted during last week’s bitcoin price analysis, despite overshooting temporarily below it last Monday. The 23.6% ... Read More »

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Bitcoin price weekly analysis – 4.3.2019

Bitcoin price has been relatively stable last week, ranging between $3,900 and $3,980 during most of the week’s trading sessions. Even though bitcoin price was moving sideways around $3,900 during most of the week, it dropped down to record a week low of $3,761 on Wednesday. The 23.6% Fibonacci retracement ($3,778.5) supported bitcoin price and prevented further drop, even though ... Read More »

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Bitcoin price weekly analysis – 25.2.2019

Bitcoin price began recovering last week, as the bearish wave, which has been controlling the market during the past few weeks, lost its momentum. The week started by bitcoin price breaking through the resistance around $3,778.5, which corresponds to the 23.6% Fibonacci retracement, during Monday’s trading sessions. The upwards momentum continued on pushing bitcoin price to higher level, and a ... Read More »

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Assessing the relationship between bitcoin price dynamics and global financial markets

Since its birth, bitcoin has evolved to become a fascinating asset in global financial markets. Bitcoin’s extreme price swings have urged many researchers and financial observers to study its price dynamic and to attempt to correlate it with traditional financial markets. A recently published research study attempts to analyze the effects of global financial markets’ macroeconomic influences on the price ... Read More »

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Bitcoin price weekly analysis – 17.2.2019

Bitcoin price has been relatively stable last week, ranging between $3,750 and $3,631 throughout the week’s trading sessions. The market’s bulls failed to break through the resistance around $3,778.5, which corresponds to the 23.6% Fibonacci retracement level. As we stated during last week’s bitcoin price analysis, this resistance level is gaining more strength, especially that it had not been breached ... Read More »

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Bitcoin price weekly analysis – 13.2.2019

Bitcoin price weekly analysis – 12.2.2019 By Tamer Sameeh Bitcoin price began recovering during the second half of last week, recording a week high of $3,800 on Friday. After dropping down to a week low of $3,405 on Wednesday, a new bullish wave was ignited, pushing bitcoin price upwards to break through the resistance around $3,600. The week low was ... Read More »

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Exploring the best means for estimating bitcoin price volatility – A research study

It is inarguable that cryptocurrencies, namely bitcoin, have attracted considerable attention during the past few years. This can be attributed to the innovative features of their underlying blockchain technology, the anonymity of their transactions and their decentralized framework that omits the need for intermediaries or third parties. However, being a highly volatile investment asset, many individuals are reluctant to participate ... Read More »

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Bitcoin weekly price analysis – 4.2.2019

It was another frustrating week for bitcoin enthusiasts, as the price of the world’s first every cryptocurrency dropped by around 3% during last week’s trading sessions. The week began by bitcoin price dropping from $3,597 to record a week low of $3,422 on Tuesday. The bearish wave was halted near the support level around $3,462, which we identified during last ... Read More »

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Bitcoin price weekly analysis – 31.1.2019

Last week, the bitcoin market witnessed relatively low levels of volatility, with a price range of around $300 all through the week. During the beginning of the week’s trading sessions, the market’s bears failed to pull bitcoin price below $3,462; a price level which supported the market quite well. On the upside, a week high of $3,750 was recorded on ... Read More »