$4,011.43 -0.43%

Bitcoin (BTC)

Bitcoin (BTC) was created as thee first open-source digital currency by a group of people working under the moniker Satoshi Nakamoto. The Bitcoin Network is supported by blockchain technology where transactions are made to buy goods or services using bitcoin. All transactions are verified by network notes. These transactions are then recorded on the blockchain, which acts as a public distributed ledger. Since 2014, over 100,000 merchants accept payment made with bitcoin, including companies such as PayPal and Microsoft. Because there are no intermediaries, such as a bank or credit card company, merchants and users enjoy lower fees when paying with bitcoin.
  • Website

  • Market Cap

    513,807,398

  • Volume (24h)

    71,578,861.09

  • Circulating supply

    17,432,975

  • Maximum supply

    21,000,000

  • Algorithm

    SHA256

  • Proof Type

    PoW

  • Start Date

    Jan 3, 2009

  • DifficultyAdj.

    2016 blocks

  • BlockRR.

    50%

Bitcoin Price Chart

Bitcoin Historical Data

Bitcoin Price on Diffrent Markets

Bitcoin Price Analysis

Bitcoin price analysis 8 February 2019

We’ve seen some interesting activity the past two days. Last night we saw a dip setting a new 24H low of $3373.10, and through the night we saw an extremely bullish pump, setting a new bitcoin price high of $3512.80 on Binance. Volume has surged this morning and we are currently looking at a retracement from that $3500 test so far for this morning. We are looking over-bought on the RSI on the shorter time frames. 30M-2H pushed well above the 70 level, with the 4H & 6H pushing to the 70 level.

We still have extremely tight lines on the MACD on the daily. We are currently looking bullish for the time being.

Don’t let your emotions take over!

In fact as I am writing this we are seeing another high so far for the day to $3733.58! This is a strong push here guys. Technichal analysis went out the window this morning. A lot of times on moves like these the emotions kick in, the FOMO aka “Fear of Missing Out”. You must remain in control, and not let the hype get you. Let the market settle down a bit to make a better educated guess on what’s happening. Could we be witnessing the beginning of the market turn around? You never know with these markets though… Tread carefully here and remember the extreme volatility that we are dealing with in these markets.

Today’s bitcoin price charts

Here we’re looking at the 30M, 1H & 6H 02/08/19 BTC  / bitcoin price charts at 06:41, 06:53, 06:55, 06:57, 07:48, 08:35, 08:55, 08:56, and 09:00 AM PST, using MACD, MA, RSI, and Stochastic RSI Indicators:

Bitcoin Price Analysis Bitcoin Price Analysis Bitcoin Price Analysis Bitcoin Price Analysis Bitcoin Price Analysis Bitcoin Price Analysis Bitcoin Price Analysis Bitcoin Price Analysis Bitcoin Price Analysis

Price analysis provided by Alt Trading Systems. Connect with the author on LinkedIn.

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