Bitcoin Price Analysis
Here at Bitcoinist we have a team of highly experienced cryptocurrency and bitcoin traders and technical analysts. Through their knowledge and experience we can offer the most accurate and up to date bitcoin price analysis for the rapid shifting markets.
Bitcoin price analysis is usually derived from technical and fundamental factors. On the technical side our traders and reporters analyze different time frame charts for bitcoin using indicators to determine levels of support and resistance, possible trend reversals, and breakouts and patterns. These are added to the chart to take a snapshot of current market conditions in an effort to predict the future direction.
Market sentiment is often driven by fundamentals which are news and events directly relating to bitcoin. News reporters will often use news such as increased regulation or new exchange listings or launches to determine whether bitcoin movements are bullish or bearish.
Marrying technical and fundamental analysis together gives us the best bitcoin price analysis available. Bitcoinist publishes seven days a week, 24 hours per day, so you can always get the latest price analysis and market updates.
This Unexpected Factor Suggests Bitcoin May Crash From $9,000s, Not Rally
Bitcoin is in no man’s land. Just look at the chart below from analyst Josh Rager, which shows that BTC hasn’t even moved out of the $8,500-10,000 range for eight weeks...
Bloomberg Analyst: Key Metrics Show Bitcoin Should Rocket Towards $12,000
It’s been a slow past few weeks for the Bitcoin market. The cryptocurrency has effectively been range-bound for two months, registering no concrete trend. Despite this...
Bitcoin Flashes Same “Consolidation” Fractal That Sent Its Price to $20K
Bitcoin price is trending inside a lengthy consolidation pattern after rallying by up to 170 percent in the second quarter. As calls for a breakdown move grow, independent market...
Bitcoin Spots Errors in US Jobs Report Way Ahead of Wall Street
Bitcoin closed its Thursday trading session in red even as an optimistic June employment report boosted risk-on sentiment. The cryptocurrency’s losses contrasted gains on Wall...
Bitcoin Indicator That Predicted March’s 60% Drop Is Bearish Again
Bitcoin is seemingly stuck in no man’s land. As this outlet has covered extensively, the cryptocurrency has been caught between a crucial support and a crucial resistance; every...
The On-Chain Case for an Imminent Bitcoin Bull Market Just Gained Strength
Bitcoin’s price action has been extremely boring over the past two months. The crypto has been range-bound, barely deviating from a medium-term range as bulls and bears duke it...
Analyst Expects Bitcoin Price to Hit $27,000; Here’s Why
Bitcoin may hit $27,000 in the coming sessions, says an analyst. The analogy appeared as the cryptocurrency trends inside a Bullish Pennant structure on its monthly chart. The analyst...
Bitcoin Rises on Positive US Jobs Report: Why Analyst Sees a Correction
Bitcoin rose in the first session of July as it maintained its short-term positive correlation with the S&P 500. The gains followed the release of the ADP National Employment...
Industry Executive Doubles Down: Bitcoin Will Hit $50,000 in 2020
After a strong rally from the March lows, Bitcoin has stopped trending higher. For the past two months, the cryptocurrency has been caught in a 15% range that it has barely deviated...
Fund Manager Challenges Bitcoin Price Model Predicting $100k By 2021
If you’ve been involved in Bitcoin or crypto over the past year, you likely have heard of “PlanB.” He is a pseudonymous quantitative Bitcoin analyst that works as an...
This Eerie Bitcoin Fractal Sees Price above $70,000 by mid-2021
Bitcoin is on the cusp of breaking out towards levels above $70,000, according to an eerily identical fractal. Spotted first by Artem Shevelev, a market analyst, the pattern shows...
Analyst Who Predicted Bitcoin’s 2018 Bottom: Altcoins May Plunge in 2021
It’s been an incredibly strong year for altcoins thus far. Versus Bitcoin, many have outperformed. As reported by Bitcoinist previously, the small-cap, medium-cap, and large-cap...