Will Bitcoin prices go up or down from current levels? Here's an insightful piece as to what major buyers and sellers are doing on the BTCUSD charts.
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 made an impressive rally yesterday and managed to break above the $7,500 mark; We have discussed in our previous analysis that a break above $7,500 is a bullish signal.
Bitcoin price enjoyed gains yesterday as the cryptocurrency benefitted from the uptick in risk appetite. But can it finally rally past $7,400.00?
Bitcoin price managed to break above the 50-day moving average as this weeks correction tested the critical support. The pullback...
Bitcoin price has been on a steady uptrend since mid-March. Its uptrend becomes evident when you connect the recent lows...
Bitcoin price healthy uptrend drives the price slowly but steady to higher levels. The first critical resistance at the 50-day...
Bitcoin price stalled today after a significant 10% rally yesterday. There was no major news behind the rally but we...
Bitcoin price finally breaks higher after the recent consolidation phase. Yesterday the price tested the 6,600 mark while today in...
Bitcoin price trade in unusual narrow trading the last five trading sessions as investors looking for direction after the rebound...
Bitcoin price retreat today as the correction from the recent highs continue. The number one cryptocurrency rebound from the depths of the coronavirus sell-off, stalled at the 50-day moving average