Category Archives: btcusd

Crypto Update: Majors Testing Lows Following Broad Selloff

The major cryptocurrencies have been once again under pressure in the past 24 hours and most of the coins got very close to their recent lows, even as the losses are limited for now. While the top coins avoided a breakdown, given the overwhelmingly bearish long-term picture and the steep short-term trend, odds continue to […]

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Bitcoin Price Hits New Yearly Low; Now is Best Time to Buy, Says Weiss Ratings

Bitcoin was back on the defensive Friday, as prices sunk to new yearly lows following a minor consolidation earlier in the week. As Hacked recently reported, the bears are making a run at the psychologically significant $3,000 support and are likely to test that level in the near future. BTC/USD Update The bitcoin price is […]

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Crypto Update: Bear Market Lows in Jeopardy After Latest Failed Bounce

The cryptocurrency segment switched directions yet again, as, after a weak bounce on Wednesday, the major coins are headed back towards their recent bear market lows today. While the losses are not significant, for now, given the bearish long-term picture and the vicinity of the lows, another leg lower in the downtrend could soon begin, […]

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Pessimism Spreads and Blocks Out Opportunities for Bitcoin, Ripple and Ethereum

BTC/USD is in a key technical scenario. The dominant pessimism is likely to turn upside down. ETH/USD rejects leadership again and the market languishes. The weekend is approaching without significant changes among the main protagonists of the Crypto board. I am reviewing the dominant emotional state in social networks and pessimism rules. The gloom sets […]

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Bitcoin Price Holds Head Above Water as Bearish Pressure Subsides

Bitcoin has declined slightly in the last 24 hours, but price action suggests that a deeper fall can be avoided for the time being as the market resumes its rangebound consolidation. Although the outlook remains firmly tilted to the downside, stable price action for the rest of the week could generate added support for the […]

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Crypto Update: Another Rally Attempt in Crypto-Land

The major cryptocurrencies are all trading slightly higher today, following two bearish days that brought them back to last week lows, and for now, another breakdown has been avoided, despite the overwhelmingly bearish broader picture. The modest bounce left our trend model on sell signals across the board, and odds continue to favor new lows […]

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Bitcoin Price Avoids Bigger Fall amid Market-Wide Consolidation

Bitcoin traded to the upside on Wednesday, snapping a multi-session losing streak that dragged prices toward new lows for the year. The outlook on BTC and other cryptocurrencies remains overwhelmingly bearish, which means investors can expect a re-test of last week’s lows relatively soon. BTC/USD Update The bitcoin price reached a high of $3,570.00 on […]

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Bitcoin Life Expectancy: Lindy Effect Suggests BTC Is More Difficult to Kill Than Ever Before

The crypto bear market is showing little signs of letting up. On Tuesday, a fresh wave of selling engulfed bitcoin and altcoins, dragging the market toward fresh yearly lows and thrusting Tether (USDT) in to the top-five by market cap. Against this backdrop, it’s easy to forget that cryptocurrencies like bitcoin have become so resilient […]

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Crypto Update: New Lows in Sight Again as Slide Continues

The cryptocurrency segment continues to be under heavy selling pressure following the weekend rally attempt, and although all of the majors are still above last week’s lows, the strong short-term downtrend remains dominant. The long-term picture is overwhelmingly bearish as well, and there are coins showing meaningful relative strength, so sellers are clearly still clearly […]

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Crypto Update: Weekend Bounce Fails to Turn Bearish Tide

The major cryptocurrencies continue to be stuck in declining trends, despite the bounce that followed the latest technical breakdown in the segment. The top coins failed to recover above the prior bear market lows sustainably, and today, the market turned lower again, with the weakest currencies already threatening with new lows. The long-term picture remains […]

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Crypto Markets Turn Red Following Sunday Bounce; Bitmain Closes Israeli Operation

Cryptocurrency prices were back on the defensive Monday, with bitcoin and the major altcoins falling between 3% and 7% through the midday session. The latest bout of turbulence followed a modest relief rally on Sunday that once again proved to be short lived. Market Update The combined value of all coins in circulation reached a […]

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Bitcoin Price Volatility Returns to Q1 Heights; Downturn Sends Traders to TA?

The price volatility of Bitcoin (BTC) hit a new nine-month high on Sunday, returning to the kind of flux not seen since early March of 2018. This comes barely a month after Bitcoin volatility struck a two-year low on November 11th, when the level of flux in BTC’s market value fell as low as the […]

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Bitcoin Leads Crypto Market Off Yearly Lows; Metcalfe’s Law Points to Six-Month Price Target of $10,000

The price of bitcoin rebounded on Sunday, helping to engineer a broader recovery in the cryptocurrency market following the latest bearish onslaught that drove values to 15-month lows. In all likelihood, the latest move higher is nothing more than a dead cat bounce as short-sellers appear keen on testing new lows in the near future. Long-term, however, […]

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Bitcoin’s Dead Cat Bounce Proves Limited as Price Struggles to Hold $3,400

Bitcoin’s overnight recovery proved limited on Saturday, as the leading digital currency struggled to maintain $3,400 in the wake of yet another 15-month low. BTC/USD Update At the time of writing, the major exchanges were quoting bitcoin’s price between $3,365-$3,385. The cryptocurrency fell within that range on Coinbase, Bitstamp, Bitrex and Gemini, among others. However, […]

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Crypto Update: Sell-Off Deepens as Majors Break Key Levels

The past 24 hours saw another crucial bearish move in the cryptocurrency segment, with the majority of the top coins violating their prior bear market lows and starting another leg lower in the damaging downtrend. Even the relatively stronger coins turned bearish in our trend model with regards to the short-term time-frame while staying bearish […]

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Bitcoin Update: Bear Market Bottom Ahead

Bitcoin (BTC/USD), as well as most cryptos, are getting wrecked as we speak. Many are panic selling as the market is down by close to 50% in less than a month. On top of that, it seems that a fresh yearly low is printed with every passing minute. Bears look unstoppable as calls for Bitcoin’s […]

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Week in Review: Carnage Engulfs Cryptocurrencies and Stocks; Bitcoin Mining Difficulty Plunges 24%

From a risk-on perspective, the global financial markets took a beating this week. Digital assets like bitcoin, EOS and bitcoin cash plunged anew while equity prices slid back into the abyss following a strong end to November. Seasonal influences that normally accompany the holiday season have thus far eluded the market, leaving investors with a […]

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Crypto Update: Altcoins Remain Under Pressure as Bitcoin Holds Support

The cryptocurrency segment continues to trade with a bearish bias, with almost all majors challenging their bear market lows in the past 24 hours. While a broad breakdown has been avoided so far, in the case of the top coins, there is still no sign of meaningful bullish momentum or a developing leadership, so odds […]

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Bitcoin Price Remains Under Pressure Following Midweek Rollover; Dump and Consolidation Continues

The price of bitcoin saw little upside on Thursday, as the leading digital currency remained in limbo following a sharp drop during the previous session. High trading volumes suggest BTC is subject to another large move before the week is over. BTC/USD Update The bitcoin price breached the $3,700 floor on Thursday for the second […]

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Wall Street’s Misery Spreads to Global Stocks; U.S. Futures Recover Slightly in National Day of Mourning

A dramatic selloff of U.S. stocks on Tuesday has quickly spread to Asian and European markets, with global benchmarks reporting steep selloffs amid a self-imposed deadline by the United States and China to resolve their bitter trade dispute. The Nasdaq and New York Stock Exchange were closed on Wednesday as the nation mourned the death […]

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Bitcoin’s Recovery Lacks Momentum as Price Returns Below $4,000; New Trading Range Established

The price of bitcoin traded lower on Wednesday, putting an abrupt end to yesterday’s rally attempt and signaling continued pressure on the cryptocurrency market as a whole. At the time of writing, BTC/USD was back trading below the psychologically significant $4,000 level as the pump-and-consolidation cycled continued. BTC/USD Update Bitcoin reached a session low of […]

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Crypto Update: Bitcoin Eyes $4000 as Consolidation Continues

The crypto-segment is having a positive day so far today, with the top coins all being higher, recovering a large part of yesterday’ s losses. While the major cryptocurrencies still don’t show signs of strong bullish momentum, and the market is clearly controlled by sellers, the declining volatility of the recent period is an encouraging […]

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Bitcoin Price Breaks Two-Day Slide; Mining Difficulty Plummets

Bitcoin’s price bounced back on Tuesday, regaining a crucial support level following a two-day slide that was driven by technical repositioning. The leading digital currency is caught in a cycle of dumps and consolidation, signaling continued uncertainty over the short term. BTC/USD Update The bitcoin price notched a session high of 4,075.90 on Bitfinex, recovering […]

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Crypto Update: Coins Struggle to Gain Momentum as Sellers Remain in Control

Despite the recovery during the weekend, the major cryptocurrencies failed to gain substantial ground, with even the relatively stronger coins getting stuck below their recent short-term swing highs. Most of the top coins are now back below their initial panic lows, and despite the recent stability and the strength in some of the coins, the […]

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Crypto Downtrend Intensifies as Market Sheds $16 Billion from Last Week’s High

Cryptocurrency prices extended their slide mid-morning, as bitcoin plunged below $3,900 and the major altcoins fell between 4-10%. At the time of writing, the crypto market cap was $11 shy of a new yearly low, a sign that the bears were still very much in control. Crypto Markets Slump The crypto-market downtrend has accelerated in […]

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Bitcoin Price Slips Below $4,000 in Market-Wide Slump

Bitcoin’s price fell below $4,000 briefly on Monday, extending a 24-hour slump that has shaved more than $8 billion off the total cryptocurrency market cap. BTC/USD Update Bitcoin reached a low of $3,980 on Bitfinex, as bearish momentum continued to mount following a late-weekend reversal. At the time of writing, BTC/USD was down 2.8% at […]

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Insights Into Bitcoin Futures Contracts: Part 2

This article is the second piece dedicated to explaining bitcoin futures and how they impact the underlying price of BTC. Periods of Validity Bitcoin futures are instruments with a limited maturity date. Each contract has its own maturity date (the date of completion of the transaction), after which the contract is considered invalid. According to […]

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Bitcoin ETF Watch: VanEck, SolidX and CBOE Met With SEC on Monday

Backers of a highly-touted bitcoin exchange-traded fund (ETF) application met with U.S. regulators last week to present a new case for why their proposed product should be approved. The contents of the meeting, which were published on the Security and Exchange Commission’s (SEC) website Wednesday, gave new reasons why the regulator should approve a specific […]

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Crypto Update: Bitcoin Leads Weekend Recovery as Consolidation Continues

The major cryptocurrencies started the weekend in a positive fashion, recovering from yesterday’s selloff and stabilizing the short-term technical patterns. The current consolidation kept the possible failed breakdown formation in play in the case of the relatively stronger coins, such as Bitcoin and Litecoin, and although the bearish long-term picture is still not in any […]

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Bitcoin Begins December on Firm Footing Following Worst Monthly Performance Since 2011

Bitcoin’s price rebounded on Saturday, as the bulls looked set to reassert themselves following a rocky end to November. The leading digital currency fell by a whopping 37% last month, marking its worst 30-day performance since 2011. BTC/USD Update The bitcoin price reached a high of $4,335 on Bitfinex, having gained more than 7% during […]

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Bitcoin Price Buckles Under Corrective Pressure; $4,000 Support Holds

Bitcoin’s price gave back a big chunk of its weekly gains on Friday, as the market entered into technical correction following sharp rebounds earlier in the week. BTC/USD Update The bitcoin price swung below $4,000 briefly on Friday before recovering above the psychological threshold. At the time of writing, BTC/USD was trading hands at $4,054 […]

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Crypto Update: Coins Extend Bounce as Selling Pressure Eases

The top cryptocurrencies continue to trade with a bullish short-term bias, and thanks to the two-day rally, the technical picture improved across the board. The odds of a failed breakdown pattern increased in the segment, with Bitcoin clearly recovering above the prior low, joining Litecoin in the move, even as most of the major altcoins […]

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Bitcoin Price Approaches $4,500 as Recovery Deepens; Market Cap Rises $14 Billion

Bitcoin’s ambitious recovery broadened on Thursday, as prices came within striking distance of the psychologically significant $4,500 mark. Gains were widespread across the crypto markets, boosting convictions that the worst of the downturn had finally passed. BTC/USD Update The bitcoin price notched a session high of $4,488 on Bitfinex, having rebounded more than $1,000 from […]

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Bitcoin Had a Big 15% Bounce to $4,300 But Traders Aren’t Convinced of Bull Run

Over the past 24 hours, the price of Bitcoin (BTC) surged from $3,771 to $4,355, by more than 15.4 percent, against the U.S. dollar. The volume of the dominant cryptocurrency spiked from around $5 billion to $7.2 billion, as large buy orders were filled by major fiat-to-cryptocurrency exchanges like Coinbase and Bitstamp. Bitcoin recorded the […]

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Crypto Update: Bounce Fails Again as Bearish Forces Remain Dominant

While yesterday’s there was a chance for a short-term reversal in the cryptocurrency segment, due to the weakening bearish momentum and an encouraging bounce in some of the majors, the rally failed, and a lot of top coins hit new lows afterward. Our trend model remains on sell signals in most cases, and although the […]

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Bitcoin Price Reverses Course Ahead of CME Futures Expiry

After a positive start to the week, bitcoin’s rally fizzled on Tuesday, as the bears reaffirmed their stranglehold on the market ahead of a key futures expiry on Friday. Although bitcoin futures have had a stabilizing effect on the market, price action tends o be volatile in the days leading up to a contract’s expiration. […]

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Bitcoin Price Rebounds from Lows but Short-Term Recovery Far From Guaranteed

Bitcoin’s price rose on Monday, possibly signaling the end of a multi-week downtrend and the start of a much-needed relief rally. However, the bulls aren’t out of the woods yet, and price action over the next 24-48 hours will determine whether the recovery attempt is merely a dead cat bounce. BTC/USD Update Over the past […]

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As Bitcoin Selloff Intensifies, Overstock CEO Doubles Down on Blockchain

Bitcoin’s month of pain intensified on Sunday, as prices briefly fell below $3,500 for the first time since September 2017. The panic sale hit the market at a time when Lightning Network is registering record capacity and institutional investors are lining up to trade physically-backed bitcoin futures at the beginning of next year. Amid the apparent […]

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Trade Recommendation: Bitcoin

Bitcoin (XBT/USD) is down by over 40% in less than two weeks. If you’re one of those who holds on for dear life (HODL), we imagine the last few weeks would have been extremely painful. However, now may not be the best time to capitulate. A savvy trader would start scaling in at these levels. […]

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Crypto Selloff Deepens as Bitcoin Cash Hard Fork Proves More Costly Than Ever Predicted

Cryptocurrencies plunged anew on Saturday, as the majors struggled to establish a firm price floor following consecutive price declines over the past two weeks. Despite a whopping 41% drop over that stretch, a lack of adoption means prices are still searching for a bottom. As it turns out, the bitcoin cash hard fork instigated on […]

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Bitcoin Price Hits $3,800; Stellar (XLM) Loses 22% In A Day As Decline Continues

The global crypto market plunged a further 12% on Saturday night, as the total cap fell to $124 billion – a level not seen since September 2017. Bitcoin sunk below $4,000 for the first time in the same period, hitting $3,819 on the BTC/USDT market. The market fluctuation did also affect Tether however, so the […]

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Bitcoin’s Price Collapse: A Matter of Perspective

Bitcoin plunged anew on Friday, as prices threatened new bear market lows following two days of relative calm for the leading digital currency. As markets continue searching for a bottom, investors are reminded that the latest downturn is far from the worst bitcoin has experienced in its relatively short history. BTC/USD Update The bitcoin price […]

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Bitcoin Price Remains Under Pressure as Volatility Hits Six-Month High

Bitcoin’s price consolidated Thursday, as the bulls continued to face strong resistance from an upsurge of short positions placed in the futures market. The digital currency’s 30% drop since Nov. 13 has triggered the biggest rise in volatility since May, a discouraging sign for those eyeing a short-term bounce in prices. BTC/USD Update The bitcoin […]

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Stocks, Cryptos Resume Plunge; ICE Postpones Bakkt Launch Until January 2019

U.S. stocks resumed their selloff on Tuesday, as the tech blowout extended to other segments of the market, pushing the major indexes into negative territory for the year. Cryptocurrencies crashed to fresh 13-month lows, as bitcoin’s elusive search for a bottom continued. 2018 Gains Reversed All of Wall Street’s major indexes closed in negative territory, […]

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The $700 Billion Question

As losses in the crypto universe continue to mount, U.S. regulators are once again asking whether last year’s bull market was artificially inflated. According to Bloomberg, the federal probe is intensifying now that bitcoin’s price floor has been severely breached. Tangled Web As Hacked previously reported, federal prosecutors have uncovered a suspicious relationship between Bitfinex, […]

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Price Prediction for Bitcoin, Ripple, Ethereum: Crypto Bloody Tuesday Sees Falls that Shake Convictions

The BTC/USD hits a low of $4,212 and eyes $3,500 in the next few days. The XRP/USD panics below $0.41 but recovers $0.45 amid high uncertainty. The ETH/USD marks a trough at $125 and could move below $100. If Hollywood creates the script of what’s happening on the Crypto Board, they wouldn’t have done any […]

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Bitcoin Price Carves Out New Lows as Crypto Carnage Intensifies

Bitcoin’s price plunged anew on Tuesday, reaching the lowest in over 13 months and signaling no end to the downtrend that began early last week. BTC/USD Update The leading digital currency dropped below $4,300 on Coinbase for the first time since early October 2017. At the time of writing, bitcoin was trading at $4,380, down […]

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Bitcoin Price Crashes to New 2018 Lows as Selloff Resumes

Bitcoin and the broader cryptocurrency market slumped anew Monday, setting the stage for a prolonged downturn that could open the door to new support levels being breached. Market Update The bitcoin price crashed nearly 8% on Monday to reach a new yearly low of $5,180 on Coinbase. At the time of writing, the BTC/USD exchange […]

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Bitcoin Sees Biggest Volatility Spike of the Year; Should Long-Term Holders Be Worried?

Bitcoin’s precipitous drop over the past 48 hours has rendered the virtual currency highly susceptible to new bear-market lows. According to one indicator, the sudden and dramatic downshift disrupted a period of calm not seen  disrupted a period of calm not seen in over two years. Bitcoin Volatility Surges In the span of just 24 […]

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Bitcoin Update: Bull and Bear Scenarios

To say that the last two days in crypto have been a bloodbath would be an understatement. Many altcoins have broken critical support areas. Some cryptos even registered new yearly lows. One of those is Bitcoin (BTC/USD). Bitcoin dropped to as low as $5,188 on Coinbase and lost as much as 20% of its value […]

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Bitcoin Price Consolidates After Steep Loss as Market Cap Holds Below $100 Billion

Bitcoin’s market capitalization remains firmly capped below $100 billion on Friday, as prices struggled to regain momentum following a catastrophic selloff earlier in the week. Although bitcoin remains firmly in the grip of the bears, price action over the last 24 hours suggests the worst of the downshift had passed. BTC/USD Update The bitcoin price […]

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Bitcoin Price Rebounds After Market Evacuation; XRP Kickstarts Decoupling Process?

After two days in which $38 billion left the global crypto market cap, anyone who was in doubt over the fragility of the market at large has now been firmly answered. Two competing theories have arisen over the source of the crash, with many suggesting the ongoing Bitcoin Cash hardfork saga as a possible culprit. […]

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