Bitcoin Monday Price Analysis

A new week with new expectation on a price of bitcoin. Last week was been quite fluctuating for the bitcoin price. By the end of the weekend, the bitcoin price settles down with heading high from the temporary price fall in the cryptocurrency.

It’s time to keep an eye on the market. As by the Sunday night, the bitcoin price drops below temporary by 4000-threshold but by the start of the new week, Monday morning bitcoin trading regained its price from temporary fall.

The price of bitcoin can reach $5000 this year is being predicted by the analyst of bitcoin. As we are looking for the target on bitcoin price is fluctuation slightly from $4000 and on many other positions sometimes high and low.

This week may show high volatility in bitcoin price but it is hard to assume whether the position of figures will be coming down or crossing its own set limits. The current trade price of bitcoin at the time of article post is $4,099.18 down by 0.29 percent.

Comments

Bitcoin Hits All-Time High Exceeds $3,200

The price of bitcoin surges again, making the new records of passing $3,200 for the first time according to the CoinDesk Bitcoin Price Index (BPI). After the so long ups and down in the price of bitcoin finally, crosses the $3,000 after the week of cryptocurrency split. The rise in price was noticed after 1:00 UTC, gradually the price of bitcoin goes above exceeding the $3,000 around 3:12 UTC. This is the first-time bitcoin value went so high since June 12 when it came down after reaching the $3,000. As per the records in BPI the market high goes to $3,242.82 since then the current bitcoin trading average goes approx. $3,199.49. The price surge of bitcoin pushed the market with the total market cap of bitcoin exceeds the $50 billion for the first time. The market jumped high with the increasing price of bitcoin. According to the analyst, there are the chances to see more positive results in bitcoin trade volume.

Bitcoin to Recover Soon From Temporary Loss in Price

On March 26 the price of bitcoin has seen a sudden decline in price from $8,000. The cryptocurrency has been going through massive ups and down from past few weeks. The approx. loss of 7 percent was on Monday, where the tumbling of bitcoin continuous to $7,879. The news of ban of cryptocurrency ads on social platforms like Facebook, Twitter and Google have been affecting the marketing these days. The slide in cryptocurrency is all temporary and not for much time. As it has been observed in terms of bitcoin that every now and then the price of bitcoin shots up again after a massive loss. Similarly, when the cryptocurrency decreased by 12 percent in January after the announcement made by Facebook to ban all the ICO’s and cryptocurrency advertisements on their platforms. Later the price regained and came back to normal from very low to high. Such news creates havoc in the market but for the short span of time. As per the belief of cryptocurrency analysts, the Bitcoin will retriev...

Bitcoin Price Crosses $4,000 Sets New-High

This is the first time when the continuous surge in bitcoin price crossed over $4,000 since the value of bitcoin gained back the strength. Today’s the market value of bitcoin opened at $3,917 later it reaches to $4,225 at 9:07 a.m. UTC, according to Coindesk (BPI) Bitcoin Price Index. This was the great surprise for all bitcoin users and exchanges. The fear among the bitcoin users is slowly getting faded after the 1st August hard fork that created the new currency Bitcoin Cash with new blockchain and the price of bitcoin remains static for some time to $2,700. Now it seems like Bitcoin is roaring again and showing some positive marks after the scaling proposal activation on the bitcoin network. According to the CoinMarketCap, the total value of all the cryptocurrencies has been setting an all-time high record, where market cap is above $3137 billion. The two days before the value for the cryptocurrencies market capitalization was more than $11 billion as per the coindesk report....

Search This Blog