Bitcoin Price | Crypto Profit Bot

Bitcoin traders express mixed emotions about what’s next for BTC price

July 29, 2021

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The rumor that Amazon would accept cryptocurrency payments sparked a wave of bullish enthusiasm across the crypto market earlier in the week but now this sentiment has begun to wane as Bitcoin (BTC) bulls face stiff resistance at the $40,000 level. Data from Cointelegraph Markets Pro and TradingView shows that bears have managed to fend […]

Bitcoin tries to break $40K second time in two days

July 28, 2021

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After six weeks pacing between $30,000 and $36,000, BTC price is now hovering around $40,000 resistance once again in two days. 2451 Total views 7 Total shares Bitcoin’s (BTC) volatility made the headlines again after the original cryptocurrency briefly reclaimed its $40,000 mark before going back to $39,000 levels. Coming after a two-week-long bearish loom […]

Bitcoin price drop to $37K has analysts wary of calling a ‘trend change’

July 26, 2021

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Bull market optimism returned to the cryptocurrency market on July 26 after Bitcoin (BTC) price rallied above the $40,000 level for the first time in over six weeks. Today’s rally to $40,581 was a continuation of the July 25 breakout which saw BTC price rocket to $48,110 at Binance af a short squeeze resulted in […]

IMF issues veiled warning against El Salvador’s Bitcoin law

July 26, 2021

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Making any cryptocurrency a national currency “is an inadvisable shortcut” to more inclusive financial services, according to two IMF officials. 9237 Total views 72 Total shares The International Monetary Fund is warning that some of the consequences of a country adopting Bitcoin as a national currency “could be dire.” According to IMF marketing department financial […]

3 reasons why Bitcoin price has not been able to rally back above $40K

July 25, 2021

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Bitcoin bulls appear to be back, but a strengthening U.S. dollar, a new wave of COVID-19 infections and low trading volumes threaten the current recovery. 10121 Total views 11 Total shares The ongoing story for the past couple of months in the cryptocurrency market has been confusion on whether Bitcoin (BTC) is destined for another […]

This classic trading pattern signaled that Bitcoin price had hit a top

July 25, 2021

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Traders tend to focus too much on timing the right entry to a trade, but very few focus on developing a strategy for exiting positions. If one sells too early, sizable gains are left on the table and if the position is held for too long, the markets quickly snatch back the profits. Therefore, it […]

Bitcoin price hints at ‘megaphone’ bottom pattern, and a breakout toward $40K

July 24, 2021

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Bitcoin’s (BTC) latest rebound from below $30,000 has increased its prospects of extending its retracement move higher, at least according to one classic technical pattern. Dubbed as Broadening Formation, the megaphone-shaped pattern appears when the price moves inside two diverging trendlines. Investopedia states that a broadening formation represents disagreement over the next potential bias among […]

Institutional demand for Bitcoin evaporates as BTC struggles below $31K

July 20, 2021

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The rocky road that Bitcoin (BTC) has been on for the past two months continued on July 19 as a widely predicted move downwards materialized in the early hours on Monday and dropped the price of BTC below $31,000. Data from Cointelegraph Markets Pro and TradingView shows that a wave of mid-day selling pushed the price […]

Four North American Bitcoin miners that could benefit from the East-West shift

July 18, 2021

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Even before China finally wielded the ban hammer on crypto mining, Bitcoin (BTC) miners in North America had been building up their capacity amid efforts to gain a larger share of the global hash rate distribution. From building bigger data centers to acquiring hardware inventories, these establishments have been making concert efforts to balance the […]

Here’s one way to trade Bitcoin even as BTC price teeters over an abyss

July 18, 2021

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In the last 29 days, Bitcoin (BTC) has been ranging from $31,000 to $36,000 as the impact of the recent China ban and a $1.4 billion Grayscale GBTC share unlocking continue to pressure markets. China’s government implemented a series of measures to curb cryptocurrency mining and trading by ordering the immediate shut down of some […]

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Category: Bitcoin Price