Daily Bitcoin Price Analysis from Crypto-News.net

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6.9.2017

Bitcoin Price Falls 11% after China Bans Initial Coin Offerings

During the last couple of weeks, the Bitcoin price continued its bullish run, with its value shortly exceeding the threshold of USD 5,000 per unit. Yet, it seems like regulatory issues in countries with massive trading volumes can have a strong impact on the value of Bitcoin.

One of such for example is China, as the price of Bitcoin fell by around 11%, after Chinese regulators decided to ban all organizations raising funds through initial coin offerings, also known as ICOs. For those who do not know, ICOs are a great tool for start-ups throughout the world, to raise investment money by selling users tokens, or digital currencies, similar to bitcoin, for cash. The People’s Bank of China (PBoC) therefore recently ruled that this practice is illegal in China, as it reportedly constitutes an unlawful form of fundraising.

Full story at: https://www.crypto-news.net/bitcoin-price-falls-11-after-china-bans-initial-coin-offerings/

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10.8.2017

Bitcoin Keeps Rising Above $3500, Reaching New All Time Highs

Bitcoin markets are continuously building up support for higher levels with all time high levels continuing to be broken day after day. Traders are displaying massive intent to get behind the rising bitcoin price and, as a result, buy orders are quite dominant within order books.

Bitcoin’s 24hr trading volumes approached $2 billion recently, which shows the extent of the largely positive market sentiment. In spite of potentially strong incentives for profit taking, there have been no significant signs of a price decline. Moreover, this time around, bitcoin’s price rise doesn’t seem to have caused a market wide bullish reaction at first as altcoin traders shifted more towards BTC at the initiation of the recent spike.

Full story at: https://www.crypto-news.net/bitcoin-keeps-rising-above-3500-reaching-new-all-time-highs

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4.8.2017

Bitcoin Price to Surge by 80% Based on Analyst’s Predictions

The independent stock analyst and founder of Standpoint Research, Ronnie Moas, claims to have been testing bitcoin and digital currencies in the last few months. After announcing that he bought bitcoin back in early July, Moas has now released a full-fledged report on cryptocurrency.

According to CNBC, Moas’ report includes predictions that bitcoin has the potential to rise by 80%, reaching prices around $5000. Notably months before this 122 page report, Moas has made mention that he had bought in Ethereum, Litecoin as well as other significant cryptocurrencies.
In the report, Moas highlights that in his view, cryptocurrency prices will continue rising as they draw funds away from other assets such as stocks and even precious metals.

Full story at: https://www.crypto-news.net/bitcoin-price-to-surge-by-80-based-on-analysts-predictions/

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13.6.2017

Bitcoin Price Pressured Under $2700

Bitcoin prices are undergoing a rapid change in the market’s sentiment with traders contributing to a dip that pushed bitcoin prices below $2700 levels. This development comes only hours after BTC/USD rates were close to $3000 levels, although amid lower trading volumes. The bearish breakout happens through record breaking trading volumes and selling pressure.

Major Signals

Bitcoin traders are under pressure amid a market sentiment that doesn’t show support for anything positive.
Back to back sell orders of record size breached recently reached high levels in astoundingly fast speeds.
It seems as if $3000 levels are unreachable after such a breach of support and apparent downturn.

Full story at: https://www.crypto-news.net/bitcoin-price-pressured-under-2700/

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10.6.2017

Bitcoin Price Above $2800 Amid Volatility

Bitcoin markets are continuing to showcase that he market sentiment remains somewhat stable in spite of certain tendencies that push the price up and down through trading sessions. Traders are continuing to show some support as breaches have so far been responded with swift recoveries managing to keep prices above $2800 in the longer run.

Major Signals

After prices peaked at $2840 levels, selling orders managed to sufficiently apply some pressure, leading prices around $2810 levels.
Bitcoin markets are continuing to show support for the price point of $2800 but upward swings are having a hard time contributing to a more extensive price rise.
Traders are so far appearing to be hesitant to break through higher resistance levels even when given the chance through lower trading volumes.

Full story at: https://www.crypto-news.net/bitcoin-price-above-2800-amid-volatility/

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8.6.2017

Bitcoin Price Hit with Bearish Response After Trading Above $2800

Bitcoin markets were hit by a bearish overturn not long after prices peaked above $2800 price levels. The recent bearish wave has pushed bitcoin prices down to $2600 levels is hitting markets under a market sentiment that wasn’t signaling with bearish signals after the peak above $2800 was reached. The extent of the price fall goes to show the insecurity some traders had after the rally failed to push prices any further up.

Major Signals

Bitcoin prices are on a bearish spiral after traders realized that the rally wasn’t showcasing any potential to push prices up anymore.
The follow up to the downward spike was more selling pressure with little support for newly reached levels.
Bitcoin markets seem to continue being under the influence of a now bearish market sentiment ever since prices breached below $2800 levels.

full analysis at https://www.crypto-news.net/bitcoin-price-hit-with-bearish-response-after-trading-above-2800/

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2.6.2017

Bitcoin Price Corrects After Nearing $2500

Bitcoin markets came to a turning point as prices reached close to $2500 price levels through the day. Bitcoin traders are continued to push prices up, beginning from a starting point below $2300 only for the price rise to peak close to $2500 price levels. This development was followed by a swift correction, driven by sizeable back to back sell orders.

Major Signals

Bitcoin prices broke out of the bearish trend that was plaguing markets through the last few days, although briefly.
The majority of traders didn’t appear quite ready to welcome a more extensive price rise as prices were ultimately lead to a fall below $2400 levels.
Prices are currently settling around $2400, yet resistance appears to be much more sizeable than the underlying support.

Full analysis on https://www.crypto-news.net/bitcoin-price-corrects-after-nearing-2500/

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26.5.2017

Bitcoin Price in Recovery After Peak Above $2750

Bitcoin markets continued being bullish all until a peak up to $2750 price levels was reached. While daily trading volumes continue to break records, the once all bullish market sentiment is now in a fight with selling pressure. Resistance has not yet managed to establish any strong points but bullish traders are surely in a fight with downward pressure.

Major Signals

Bitcoin prices did break above all resistance through yesterday’s trading session with prices reaching $2750 price levels.
The price fall that followed ultimately lead BTC/USD rates down to $2300 price levels with downward pressure remaining.
The large sell orders that drove the market to what could be interpreted as a correction didn’t seem to have any major rebuttal.

Full analysis on https://www.crypto-news.net/bitcoin-price-in-recovery-after-peak-above-2750/

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25.5.2017

Bitcoin Price Continues Reaches Past $2450 Levels

Bitcoin markets are continuing to showcase the bullish momentum that is continuing to be experienced throughout this rally. BTC/USD rates are rising through historic new highs again with prices breaking above price levels of $2250. Traders are continuing to be bullish on the price’s potential even as trading volumes continue peaking close to historically high levels.

Major Signals

Bitcoin prices are continuing to shoot past all time high levels day after day, with prices showcasing the bullish market sentiment that’s continuing to reap markets.
Traders are showing no hesitation to show support for the price rise even as large sell orders disrupt the price rise.
It’s becoming apparent that amid the current market sentiment, no amount of selling pressure is able to impact the price rise significantly.

Full analysis on https://www.crypto-news.net/bitcoin-price-continues-reaches-past-2450-levels/

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21.5.2017

Bitcoin Price Above $2000

Bitcoin prices reached a historical breakthrough in the last trading session, as prices rose above $2000 levels. The continuous price rise that drove bitcoin’s price above this important price point has been going on for quite some time now but the momentum does not seem to be wearing out.

Major Signals

The rise above $2000 didn’t seem to be slowing the momentum traders helped establish through the bullish market sentiment.
Prices continued rising above what was previously identified as a resistance level, and are now around 2050 levels.
Bitcoin markets are continuing to be bullish all around with buy pressure that continues to showcase enough momentum to plow through the inflated resistance.

Full analysis on https://www.crypto-news.net/bitcoin-price-above-2000/

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20.5.2017

Bitcoin Price at New All Time High; Flirts with $2000

Bitcoin markets broke through any resistance that was in place with the last rally. Prices continue rising above all time high levels. In the meantime, resistance continues being shattered by the strong buying pressure. Bitcoin prices through all markets are now approaching a major breakthrough point at $2000 price levels. Traders across exchanges appear to have come prepared for such an outcome by setting sell walls, yet the market’s sentiment has showed enough momentum to surpass such resistance.

Major Signals

Traders are standing behind yet another bull run that’s leading bitcoin prices up through back to back buy orders.
The market’s sentiment is as positive as it could be as prices are driven up amid historically high trading volumes.
Prices are coming ever so close to the price point of $2000 with chances of a breakthrough seeming great amid the current market sentiment.

Full analysis on https://www.crypto-news.net/bitcoin-price-at-new-all-time-high-flirts-with-2000/

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12.5.2017

Bitcoin Price Met With Volatility After Nearing $1900 Levels

While bitcoin trading volumes keep staying at high 24 hour levels for what traders had gotten used to through the rally, there’s been some decline from the peak observed a few days ago. Markets now seem to be succumbing to selling pressure a bit more easily as large sell orders rip through buy walls with more apparent influence.

Major Signals

After reaching a peak at around $1880 levels, the price rise’s momentum was halted by the increase in selling pressure.
It’s be a bit early to conclude that there might be a change in the market’s sentiment underway but sell orders are sure having more influence on bitcoin markets.
It’s worth noting that prices are still above $1800 after the recent spike but support is depleting and BTC/USD came close to breaching this level earlier today.

Full analysis on https://www.crypto-news.net/bitcoin-price-met-with-volatility-after-nearing-1900-levels/

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10.5.2017

Bitcoin Price Rises to New Highs Above $1700

Bitcoin markets are continuing to ride on a bullish market sentiment as trading volumes keep being much higher than daily levels traders had gotten used to even at peak times of the rally through preceding trading sessions. The market’s sentiment appears to be remarkably bullish as prices continue rising, yet some selling pressure also appears to have had at least some effect on markets in the last few hours.

Major Signals

Bitcoin markets are continuing to ride on the rising pattern established through preceding trading sessions.
Selling pressure made its presence felt after BTC/USD price levels reached above 1750, with selling pressure pushing prices below $1700 levels.
The recovery after the most recent major price fall was swift and pushed prices above $1700 once again, yet it goes to show that profit taking has strong potential even amid the current market sentiment.

Full analysis on https://www.crypto-news.net/bitcoin-price-rises-to-new-highs-above-1700/

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9.5.2017

Bitcoin Price Re-Enters Bullish Mood With Prices Reaching $1650

Bitcoin markets have once again started being bullish, with trading volumes reaching historical highs amid another day through which new all time high levels were achieved. Bitcoin traders are pushing prices to new record high levels with back to back orders while resistance seems to be going away really fast.

Major Signals

Bitcoin prices are under the spell of a mood bullish as ever with trading volumes perhaps greater than ever pushing prices up.
Support somehow manages to form around the newly reached levels with buy walls seemingly securing the market’s bullish sentiment for the time.
In so far, the price rally has not been interrupted by bearish downward price swings, with traders successfully defending current prices.

Full analysis on https://www.crypto-news.net/bitcoin-price-re-enters-bullish-mood-with-prices-reaching-1650/

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8.5.2017

Bitcoin Price Rises With Spike Above $1560 Levels

Bitcoin markets kept going through a period of prolonged bearishness through the last trading session, with prices that kept succumbing to selling pressure. In so far, BTC/USD rates dropped down to a bottom of $1225, with prices seemingly meeting with some support at such levels after the prolonged falling.

Major Signals

Bitcoin markets kept being bearish through the last trading session, but with traders ultimately breaking out of such a mood.
The market’s sentiment has been under quite a bit of pressure ever since selling pressure broke out.
Trading volumes remain at levels close to historical highs and its amid this market sentiment that markets are seeing a positive price spike.

Full analysis on https://www.crypto-news.net/bitcoin-price-rises-with-spike-above-1560-levels/

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6.5.2017

Bitcoin Price Takes Downturn After Peak Above $1600

Bitcoin trading volumes have slightly declined since yesterday’s trading session, yet the price didn’t stop falling. Markets are succumbing to the selling pressure that emerged after the rising pattern affecting markets broke from downward spikes. In so far, the selling pressure took BTC/USD markets in a slight downturn, weakening support and having resistance strong develop at $1525 levels.

Major Signals

Traders fail to complete a full recovery as selling pressure counters upward movements effectively.
The market’s sentiment is undoubtedly more bearish as the mood has been overturned with support for the falling price going away.
Prices are settling slightly below $1525 but a break through this levels seems unlikely at this point.

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5.5.2017

Bitcoin Price Recovering After Fall From Peak Above $1600

Bitcoin markets reached a peak price point at around $1615 through the last trading session yet the followup to this price surge was a large spike in caused by emerging selling pressure. Prices did recover to levels closer to $1600 later through the day but from what it seems, traders are having a hard time breaking above this level as resistance has grown.

Major Signals

While trading volumes were already at record high 24 hour levels, the coming of such strong selling pressure at the peak of the rally pushed for a further increase.
Markets did manage to recover at levels closer to $1600 but with the emerged resistance it now seems as a price level to be broken through.
The market’s momentum seems to have been halted by the emergence of the selling pressure, yet thankfully a more major price fall has been averted as of now.

Full analysis on https://www.crypto-news.net/bitcoin-price-recovering-after-fall-from-peak-above-1600/

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4.5.2017

Bitcoin Price Above $1500

Bitcoin prices are continuing to rise while markets are rising on a bullish market sentiment. The price rally doesn’t seem to have slowed down in momentum at which BTC/USD rates broke through $1500 levels just hours ago, even reaching a peak at $1510. Profit taking might have caused a minor price drop since the peak but the market is already showcasing support for the newly reached levels.

Major Signals

Bitcoin traders are continuing to show confidence in the market’s sentiment by helping prices break through new all time high levels.
Selling pressure might be strong but is so far being successfully countered by back to back buy orders.
Price spreads between exchanges remain at around $100 as traders had gotten used to through for the greater part of the last few days.

Full analysis on https://www.crypto-news.net/bitcoin-price-above-1500/

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3.5.2017

Bitcoin Price Rising Above $1400 After New All Time High

Bitcoin markets continued being remarkably bullish as the recent rally kept pushing prices to new all time high levels. Bitcoin prices didn’t stop rising once $1400 levels were reached, with Bitstamp rates peaking at $1480. The spread between exchanges and Bitfinex has actually maintained its size close to $100 through the day. Thankfully traders at exchanges facing no issues didn’t give into a bearish market sentiment after the peak.

Major Signals

Whilst trading volumes are no longer at record high levels, the market’s sentiment remained bullish.
Upward price spikes were perceived with a positive follow up as the prices only kept rising as buying pressure was flooding markets.
There has been some decline after the market’s peak and resistance now outweighs support by a great margin but no major sell offs just yet.

Full analysis on https://www.crypto-news.net/bitcoin-price-rising-above-1400-after-new-all-time-high/

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2.5.2017

Bitcoin Price Shoots Above $1400; Reaching for New All Time High Levels

Bitcoin markets managed to reach above price levels never before touched by BTC/USD rates. Prices reached a new all time high through the last trading session, with trading volumes reaching record levels as well. Bitfinex BTC/USD rates are now trading with a premium from other exchanges that has show above $200 with the exchanges bitcoin price trading above $1500 levels.

Major Signals

Traders are now riding on a market sentiment more bullish than ever as prices have kept breaking through all time high levels through the day.
Markets are showcasing a disconnect from Bitfinex’s course as the spreads kept becoming wider.
It seems as though the peak near $1425 rates triggered a bearish response of strong selling pressure that’s currently having prices slightly below $1400 levels.

Full analysis on https://www.crypto-news.net/bitcoin-price-shoots-above-1400-reaching-for-new-all-time-high-levels/

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