Bitcoin price builds cautiously on positive momentum above the 9,000 mark after it failed twice at the 50-day moving average. BTCUSD is trapped between the 9,000 mark and the 50-day moving average
Bitcoin – BTCUSD
In this section, you will find important Bitcoin news, actionable trading ideas, and a live Bitcoin (BTCUSD) chart to help you understand the markets better.
Bitcoin (BTC) was the first cryptocurrency to turn mainstream. It is a peer-to-peer system that is controlled via blockchain technology. There is no bank or administrator controlling the digital currency. Bitcoin can be used to buy and trade on crypto exchanges, and is traded against the world’s major currencies such as the USD (BTCUSD). Bitcoins are stored in electronic wallets, which depend on private keys and cryptography. The private key is to manage your Bitcoin wallet while the public key is used to send and receive Bitcoin.
As Bitcoin transactions occur, records must be logged into the digital system called the Blockchain, but these logs are be done by sophisticated computer systems. Those who own these systems can allow their computer to log these records into the Blockchain and as a reward for their time and service, they receive Bitcoin.
There are a growing number of businesses and individuals using Bitcoin. This includes businesses like restaurants, hotels, and law firms, as well as popular online services such as Namecheap, Overstock.com, and Reddit. While Bitcoin remains a relatively new currency, it is growing fast. Therefore, relatively small events, trades, or business activities can significantly affect the price. In theory, this volatility will decrease as Bitcoin markets and the technology matures.
Bitcoin price had a strong bullish performance in yesterday’s trading. However, technicals suggest that it is facing a critical resistance.
Bitcoin price continues inside the consolidation area for the last two weeks, marking the longest period inside a narrow trading...
Bitcoin price, like most of the major currencies, has not been spared by the dollar’s strength after the stellar US NFP report for June came out yesterday.
Bitcoin price has seen a gain of over 2% in the last four days. However, technicals suggest that the cryptocurrency may soon trade higher.
Bitcoin price continues the trading in a narrow trading range above the 9,000 mark, and we might soon experience a...
Bitcoin price has been on a three-week losing streak as it incurred a 1.78% loss last week. Will BTCUSD extend its losses or trade higher?
Bitcoin price extends losses for the fourth consecutive trading session approaching the June lows. Weak sentiment amid a rising number of new coronavirus infections in the USA weigh on cryptocurrencies.
Bitcoin price failed to attract enough bids to rally to the $10,000.00 psychological handle. Yesterday's sell-off was enough to break the uptrend on BTCUSD.
Bitcoin price managed to return above the 50-day moving average after the sharp gains yesterday enhancing the bullish momentum. Now...