Tag Archives: price

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 »

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 »

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 »

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 »

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 »

Even though bitcoin was launched less than ten years ago, extensive research has been conducted on the economics of this decentralized currency. Most financial research conducted on bitcoin have focused on its returns. Others presented an alternative approach that analyzes the premiums paid on bitcoin, which are believed to considerably rely on the economic and political situation in the investor’s ... Read More »

Bitcoin price has been moving sideways during most of last week, ranging between $3,600 and $3,800 throughout most of last week’s trading sessions. The week started by bitcoin price rising to record a week high of $3,800 on Monday. After the week high was recorded, bitcoin price started dropping down to record a week low of $3,606 on Thursday. Thereafter, ... Read More »

Last week, bitcoin price went through another downwards dip, after testing the resistance near $4,290.7, which corresponds to the 23.6% Fibonacci retracement. The market’s bulls has been unsuccessful in breaking through this seemingly strong resistance level since late November 2018. The week high was recorded on Tuesday ($4,215), following which price started to drop steadily reaching $3,700 towards the end ... Read More »

The first week of 2019 witnessed a stability of bitcoin markets. Bitcoin price has been moving sideways during most of last week’s trading sessions, as it ranged between $3,771 and $4,083. The week started by bitcoin price dropping down to a week low of $3,771 on Monday. Then, it began rising steadily reaching a week high of $4,083 on Wednesday, ... Read More »

Last week started by bitcoin price testing the resistance around $4,285.4, which corresponds to the 23.6% Fibonacci retracement; however, the market’s bulls failed to push price above this critical resistance level as bitcoin price bounced off it and began dropping. After a week low of $3,686 was recorded on Thursday, bitcoin price began rising again to exceed the $4,000 mark. ... Read More »

Bitcoin price started recovering during last week’s trading sessions, following a bearish wave that lasted around a month. Bitcoin price rose from around $3,300 in the beginning of the week, up to a week high of $4,300 on Thursday, recording a 30% rise within less than a week. The market’s bulls failed to keep price above the resistance around $4,285.4, ... Read More »

  Bitcoin price continued on dropping during most of last week’s trading sessions, falling from around $3,642 in the beginning of the week, to record a week low of $3,215 on Saturday. However, after the week low was recorded, bitcoin price began recovering and rose up to $3,340 on Sunday. The market’s bears failed to pull bitcoin price below $3,192, ... Read More »

Bitcoin price continued on plummeting throughout last week’s trading sessions, recording a week low of $3,277 last Friday. However, after the week low was recorded, the market began recovering slightly and the bulls managed to push bitcoin price above $3,600 on Sunday. Despite the 14% drop we witnessed last week, the market’s bears failed to pull bitcoin price below $3,192, ... Read More »

Bitcoin price dropped by around %20 during the past week to hit a week low of $5,432 last Thursday, which is a level that had not been reached since October 2017. Even though we predicted bitcoin price to continue on dropping during our previous bitcoin price weekly analysis, the magnitude of drop in bitcoin market’s capitalization came beyond the expectations ... Read More »

After rising to a week high of $6,615 last Wednesday, bitcoin price progressively dropped down to a week low of $6,357 on Sunday. Even though the market’s bulls had the upper hand during the beginning of last week’s trading sessions, they were not capable of overcoming the resistance around the $6,615 price level. The market failed to continue on rising ... Read More »