$8000

An Analyst Isn’t Counting Out the Scenario Where Bitcoin Drops to $8,000

Disregarding the ongoing consolidation, Bitcoin has seen an explosive price performance in the past two weeks. In that time frame, the leading cryptocurrency has gained approximately 25.8%. While this latest move higher brought the cryptocurrency above critical resistance levels in the $10,500 range. $10,500 acted as a point at which three separate Bitcoin rallies topped, […]

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Bitcoin Is Still Tracing a Textbook Pattern Predicting a Crash to $8,000

It’s clear that Bitcoin is building towards a breakout. The cryptocurrency has converged towards supports in low-$9,000s, with volatility reaching multi-week and multi-month lows. Unfortunately for bulls, a textbook chart pattern is predicting that Bitcoin will break lower from this range, likely to fall towards the $8,000s. Related Reading: BTC Hash Rate Recovers to Pre-Halving Levels, […]

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This Chilling Stock Market Warning Could Spark a Bitcoin Crash to $8,000

Bitcoin faces the prospect of crashing to $8,000 if the U.S. stock market continues its decline. The cryptocurrency’s correlation with the S&P 500 grew stronger on Thursday as both fell by circa 6 percent. Victor Dergunov, the founder of Albright Investment Group, warned that the U.S. benchmark could fall another 7 percent. The prediction surfaced […]

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The Market Factor That Predicted Bitcoin’s $8,000 Halving Bottom Is Back Again

After rallying from $8,800 to $9,300, the Bitcoin bull has lost strength over the past few hours, with BTC recently dipping below $9,000 for the first time in days. Some traders have said that this is a precursor to an even greater retracement for the cryptocurrency market. One analyst wrote that “bulls need to really […]

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Bitcoin’s Move Past $8,000 Liquidates Millions; Sends Bears into Hiding

Bitcoin’s overnight upswing allowed the crypto to gain what appears to be a firm foothold within the $8,000 region This movement came about shortly after the extended period of sideways trading that it faced throughout the past several days It also liquidated millions of dollars in short-positions, leading BTC’s open interest to dive as bears […]

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Bitcoin Price prediction: BTC/USD Spike Above $8,000 Could Test $9,000 Before may Halving

Bitcoin price extends the bullish action towards $8,000 but hits a wall at $7,800. BTC/USD to confirm the pre-halving rally to $9,000 with a breakout above $8,000. Bitcoin price has been steady in its recovery in the recent days following a key breakout into the $7,000 range last week. The just concluded weekend session was […]

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Cryptocurrency Market Update: Bitcoin Has Clear Path To $8,000, Ethereum And Ripple Facing Key Barriers

Bitcoin price encounters resistance immediate after breaking above $7,700 but support at $7,500 protects the bullish effort. Ethereum proves the ability to recovery after testing $170 support and rising to levels close to $190, although $200 critical level is it at bay. The cryptocurrency market is in the green as the European session takes over […]

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6,800 then 8,000: Traders Lay Optimistic Bitcoin Predictions Ahead of Halving

Bitcoin traders expect the cryptocurrency to hit $8,000 on halving sentiment. They also see the price falling to $6,800 first based on a technical fractal. Both levels have a higher volume profile since 2017, which makes the bullish case stronger. Bitcoin traders are increasing their bullish bets as the cryptocurrency prepares to slash its daily […]

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Open Interest For Bitcoin Options Soars Over 50% In April; Is $8,000 Possible in April?

Bitcoin options open interest is on a spiking trend since the March 12 crypto market crash. Binance crypto exchange processes over $1 billion in BTC options in April BTC/USD gives mixed signals as volumes remain low, is $8,000 possible in April? The bitcoin options market is on a sustained growth rate since the start of […]

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Bitcoin Makes a Compelling Case for a Move to $8,000 as Bulls Grow Hungry

Bitcoin saw a notable overnight rally that allowed it to move as high as $7,300, with this coming about after an extended period of trading sideways within the lower-$7,000 region for the latter part of this past week. It now appears that bulls are targeting a movement towards $8,000, as resistance could be weakening as […]

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Bitcoin Price Bottomed? Stability Above $6,000 Calls For Rally Above $8,000 in April

Bitcoin price consolidation above $6,000 likely to give way for a rally above $7,000. BTC/USD focuses on penetrating the resistance at $7,000 to boost the price above $8,000 ahead of the May 2020 halving. Following a gruesome month of March for Bitcoin and the entire cryptocurrency market, April appears to have started on a positive […]

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Here’s Why Bitcoin Could Rip to the Upside, Moving Past $8,000

Over the past few hours, Bitcoin has mounted a comeback; after falling as low as $7,590 in step with a similar drop in the price of equities, the cryptocurrency surged towards $7,900. While some say this is just volatility, there is purportedly evidence that an uptrend is forming, one that could take BTC above $8,000, […]

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Bitcoin Collapses Below $8,000 as S&P Futures Post 5% Loss: What’s Next?

After closely hugging $8,000 for three or four hours, Bitcoin finally lost the support of $8,000 just minutes ago, plunging as low as $7,900 as of the time of this article’s writing and per data from TradingView. Per data from Skew.com, this latest leg lower, which is the fifth of its kind in the past […]

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A Bitcoin Plunge To $8,000 On The Horizon, As Bulls Show Weak Hands

Bitcoin price failed to stay above the key $8,500 support area and extended its decline against the US Dollar. BTC price is likely to continue lower towards $8,000 or $7,880. Bitcoin started a strong corrective decrease from the $9,200 resistance area. The price broke the key $8,500 and $8,470 support levels to move further into […]

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Bitcoin [BTC] Bulls Hold Above $8000 but Long-Term Bearish Trend Still Intact

Bitcoin [BTC] has been holding its bullish sentiments with a 11% positive weekly close at $8180. The levels above $7,800 are beginning to establish a new range with resistances at $8200 and $8375. BTC/USD Weekly Chart on Bitstamp (TradingView) The oscillators like MACD and CMF on weekly are now starting to reach reversal points. They […]

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Massive Bitcoin Shorts Liquidated on BitMEX and Huobi above $8000 – Is it a Bear Trap?

Bitcoin [BTC] price reversed its’ short-term corrective momentum around the support levels above $7600. The price of BTC at 4: 10 hours UTC on 11th January 2019 is $8170. BTC/USD 1-Day Chart on Bitstamp (TradingView) The $500 move to the upside has the bears taking liquidating their losses at the moment. According to datamish, about […]

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Bitcoin [BTC] Price Logs High above $8000 as Bulls Break Above this Critical Bear Channel

Bitcoin [BTC] price broke above December monthly high around $7800. The price of Bitcoin [BTC] at 2: 15 hours UTC on 7th January 2019 is $7912. It rose by 7.5% on the 24-hour scale as the price broke bullish above uncertainty around $7350. The peak of the bullish move in the last couple of hours is […]

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Bitcoin Rally Unclear while Faltering at $8000, Mining Hash Rate at All-Time High

Coinspeaker Bitcoin Rally Unclear while Faltering at $8000, Mining Hash Rate at All-Time High Bitcoin is actively supported in various former resistance zones, including the levels of $7,800, $7,600, and $7,300. Bitcoin Rally Unclear while Faltering at $8000, Mining Hash Rate at All-Time High Continue reading at Coinspeaker

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Wyckoff Analysis: Bitcoin Bottom Is In, Price Poised to Break Past $8,000

For months now, crypto investors have been asking if the Bitcoin (BTC) bottom is in. While the answer has mostly been no over the past few months, a number of analysts are becoming certain that the drop to $6,400 seen earlier this month was the final bout of decisively bearish price action this cycle. Related […]

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Without a Push Above $8,000, Bitcoin Likely to End Year on a Bearish Note

2019 has been a rough year for the crypto markets, with Bitcoin’s price action and the overall industry development gravely disappointing investors. BTC is poised to end the year up significantly from where it ended last year, but it does remain in a precarious position. It is also important to note that one analyst is […]

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Bitcoin Primed for a Move to $8,000, but Bear Trend Isn’t Over Yet

After facing a sharp drop into the upper-$6,000 region yesterday morning, Bitcoin’s bulls have stepped up and propelled the crypto higher, laying the foundations for the cryptocurrency’s recent lows to be a mid-term bottom for BTC. Analysts now widely expect Bitcoin to see further gains in the short-term, but it is important to note that […]

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Crypto Tidbits: Bitcoin Dives Under $8,000, Fidelity Bags Trust License, SEC Takes Second Look at ETF

Another week, another round of Crypto Tidbits. Bitcoin and other cryptocurrencies haven’t had the best of weeks. On Friday, BTC fell as low as $6,800, marking a 19% decline on the week. Altcoins posted similar losses, crushed under the pressure of a plunging Bitcoin. Despite the bearish price action, the past week was still fundamentally positive […]

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Bitcoin Price Analysis: Why Defending $8,000 Support Vital For BTC/USD Recovery

Bitcoin defends $8,000 support in a bid to forge a reversal towards $9,000. The chances of staying above $8,000 support level remain thin as the technical picture remains negative. Bitcoin has been trading a lower high pattern since the breakout in October. At the time, Bitcoin surged above $10,000. Moreover, the trend did not stop […]

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