Bitcoin is Up an Eye-Popping 720,000,000% Since Its First Recorded Price

The price is what usually comes to mind first when people talk about Bitcoin. But what was the first ever recorded price of a single bitcoin? And how much it has appreciated since? Bitcoin Leapfrogs Evolution of Money The evolution of money has historically gone through four key stages. From collectible to a store of value and then to a medium…

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Next Stop $6000? Bitcoin Price Hits New 2019 High

Bitcoin price has broken through key resistance reaching $5,600, a new 2019 high. This new level also adds further weight to the increasingly prevalent sentiment that the market is turning bullish. Bitcoin Price Hits Fresh 2019 Highs Bitcoin price (BTC) has hit fresh 2019 high breaking key resistance at the previous high of $5450. Bitcoin now truly appears to be climbing…

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Bitcoin Price Plunges $400 Overnight But Clings to $5K Support

Bitcoin price fell $400 in minutes April 3 but broadly held onto support above $5000 as the enthusiasm from this week’s bull run continues. $5000: Bitcoin’s New Home? Data from cryptocurrency exchange Bitstamp, which tends to deliver slightly more conservative price information than many mainstream platforms, showed bitcoin price hitting a high of $5332 before retracing Thursday. The gains, which began…

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‘Doesn’t Seem Like Too Many People are Selling’ – Says Bitcoin Market Analyst

Today, Europeans woke up to a big green candle on the Bitcoin (BTC) charts. Naturally, everyone wants to know why.  Searching For Reasons In All The Wrong Places Everyone has their reasons for Bitcoin’s morning pump, of course. Oanda Corp. told Bloomberg that the price movement is another example of Bitcoin’s immaturity, stating: Bitcoin is still primarily retail-led. It’s still a…

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Why Bitcoin Price Surged Over $5,000 For the First Time in 5 Months

Bitcoin price became the only topic of interest for markets inside and outside cryptocurrency April 2 after Bitcoin hit $5000 for the first time in 5 months. Bitcoin Price Hits $5k In An Hour Data from major cryptocurrency exchange Bitstamp, which delivers one of the more conservative Bitcoin price feeds, showed a dramatic climb for BTC/USD during the night of April…

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Bitcoin Price Analysis: BTC/USD Ready to Break Out or April Fools?

Bitcoin price completed the close of the Daily, Weekly, Monthly and Q1 in the green. Let’s take a look at the charts to determine what could be expected for the number one crypto asset in the near future. Bitcoin Price: Daily Chart The Daily Chart for Bitcoin price paints an overall positive picture for the bulls. The previous week’s bear blockade…

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Bitcoin Price Analysis: Bulls Must Break $4050 to Sustain Momentum

Bitcoin price bounced back 3% on Wednesday once again taking the price back across the $4k handle. Let’s take a closer look at the BTC price action to determine if there is a sign of sustaining the $4k price point for the rest of the week. 4-HOUR CHART Looking a the 4-hour chart, we can see that Bitcoin price broke back…

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Bitcoin Price Regains $4K But Bears Call It Low Volume ‘Short Squeeze’

Bitcoin price bulls may already be seeing the answer to their prayers as markets gained upward momentum March 27, taking Bitcoin above $4000. $4K Of False Hope? Data from CoinMarketCap confirmed Wednesday’s price trend, which occurred as analysts warned of the need for BTC/USD to close the month above $3800 to avoid bigger losses. At press time, the pair was trading…

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New Prediction Model Puts Bitcoin Price At $55,000 After 2020 Halving

The price of bitcoin may reach $55,000 USD sometime in 2020 or 2021, according to a new Bitcoin price prediction model — which factors in the decreasing bitcoin supply as a direct driver of market value.  $1 Trillion Market Cap After 2020 Bitcoin market analyst PlanB shared yet another interesting chart plotting the effect of increasing scarcity due to the Bitcoin…

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Bitcoin Price Analysis: Why BTC Bulls Are Charging at $4000

Bitcoin price broke out overnight and retested the $4k handle for the sixth time since the lows of the middle of December 2018. Let’s take a look at what this might mean going into the rest of the weekend. Bitcoin Price: 4-Hour Chart Looking at the 4-hour chart, we can see that Bitcoin price bolted out of the gates almost immediately…

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