Bitcoin Price Analysis 5/7/19: Boring Sideways Continues

The price of bitcoin on Friday dipped below the $11,000 level, shows CoinStats’ cryptocurrency portfolio management app. As of 09:05 UTC, the BTC/USD exchange rate was trading at $10,966.05, down 6.31 percent in the previous 24 hours. The move downward brought the cryptocurrency’s weekly performance to negated 3.99 percent. Nevertheless, its month-to-date performance stayed inside…

Large Bitcoin Corrections Do Not End Bull Rally: Former Google Engineer

Several market analysts anticipated an extended massive downside correction in the Bitcoin market after the asset surged by more than 235 percent in the second quarter of 2019. Seasoned trader Peter Brandt said on May 27 that he expects a majority of sold-out bulls to capitulate. Market analyst Walter Wyckoff too predicted bitcoin at $5,800 soon,…

Bitcoin Price Now 30% Down from 2019 High

The price of bitcoin on Tuesday was almost 30 percent down from its year-to-date peak of $13,868.44. The BTC/USD exchange rate established a new intraday low at $9822.59, down 9.46 percent according to CoinStats’ cryptocurrency portfolio management app. The move downward brought the bitcoin’s market capitalization to circa $174.15 billion. At its 30-day high, the…