RESEARCH & ANALYSIS
FOR THE CRYPTO ECONOMY.

$5,307.39 -0.11%

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

    outlink
  • Market Cap

    548,802,900

  • Volume (24h)

    72,026,895.84

  • 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 for 5 April 2019

Going into the weekend we’re still hitting resistance at this $5000 level. We’ve seen a new 2019 high of $5275.01 this week with a low of $4777 on Binance.

We are still looking extremely overbought with the RSI levels currently holding slightly above the 50 level on the 30M-2H and on the weekly time frames, with it at or above the 70 level on the 4H, 6H, 12H, and daily time frames.

We’ve got tight MACD lines on the 30M & 1H, with it bearish on the 2H, 4H, and 6H. The 12H, daily, and weekly are still extremely Bullish. On the weekly chart we’re seeing that $5000 resistance level off the downward trend line, so unless we see it breakout and push above we could see a retracement off that.

The 100M Buy

There has been a lot of chatter out there about the mysterious 100M buy, roughly 7000 BTC across three exchanges by one whale or singular group that caused this bull rally. Whichever way you look at it, these guys knew what they were doing. Even though it still remains unclear what caused this massive run, it remains as proof of the extreme volatility and manipulation even if it has pushed the bull turn in the markets. You must remain calm, and tread carefully. There’s still the possibility that this was a false breakout, only time will tell.

The latest bitcoin price charts

Here we’re looking at the 4H, 6H, 12H, and weekly 04/05/19 BTC / bitcoin charts, using MACD, MA, RSI, and Stochastic RSI indicators with trend, support/pressure, and Fibonacci lines drawn at various points of reference:

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

Bitcoin Price Analysis for 2 April, 2019

Bitcoin price analysis 8 February 2019

Bitcoin price analysis 1 February 2019

Bitcoin price analysis, 31 January 2019

Bitcoin price analysis 30 January 2019

Bitcoin price analysis 29 January 2019

Bitcoin price analysis 28 January 2019

Bitcoin price analysis 24 January 2019

Bitcoin price analysis 18 January 2019

Bitcoin price analysis 17 January 2019

Bitcoin price analysis 16 January 2019

Bitcoin price analysis, 14 January 2019

Bitcoin price analysis, 11 January 2019

Bitcoin price analysis 10 January 2019

Bitcoin price analysis, 8 January 2019

Bitcoin price analysis, 7 January 2019

Bitcoin price analysis, 6 January 2019

Bitcoin and Ethereum Price Analysis, 5 January 2019

Bitcoin and Ethereum Price Analysis, 4 January 2019

Bitcoin and Ethereum Price Analysis, 3 January 2019

Bitcoin Price Analysis, 2 January 2019

Bitcoin Price Analysis, 1 January 2019

Bitcoin Price Analysis, 31 December 2018

BTC Daily Analysis, 30 December 2018

Bitcoin Price Analysis, 29 December 2018

Bitcoin Price Analysis, 28 December 2018

Bitcoin Price Analysis, 27 December 2018

Bitcoin Price Analysis, 26 December 2018

Bitcoin Price Analysis, 25 December 2018

Bitcoin Price Analysis, 24 December 2018

BTC Daily Analysis, 23 December 2018

Bitcoin Price Analysis, 22 December 2018

Bitcoin Price Analysis, 21 December 2018

BTC / Bitcoin Price Analysis, 20 December 2018

Bitcoin BTC Price Analysis, 19 December 2018

Bitcoin price weekly analysis - All the way up to $9,800

Bitcoin price weekly analysis - Locking up the bears

Lambo index: How bitcoin won as an asset class and lost as a currency.

Bitcoin price weekly analysis - $7,500 crosshaired

Bitcoin price weekly analysis - dropping down towards $6,000

BTC price weekly analysis – breaking the symmetrical triangle pattern

Bitcoin price weekly analysis - bearish momentum declining

Bitcoin price analysis - fixed price range

Bitcoin price analysis - unpredictable bearish rally

Bitcoin price analysis - Elliott's 8 wave cycle completed

Bitcoin price analysis - rising towards $11,788

Bitcoin price analysis - a new steep ascending channel

Bitcoin price analysis - new Elliott wave sequence forming

Bitcoin price analysis - bulls tightening the reins

Bitcoin price analysis - new bullish wave evident

Bitcoin price analysis - downtrend about to be reversed

Bitcoin price analysis - new bearish wave

Bitcoin price analysis - rising steadily

Bitcoin price analysis - consolidating above $11,000

Bitcoin price analysis - brief price correction attempt ahead

Bitcoin price analysis - stabilizing above $9,000

Bitcoin price analysis - failing to consolidate above $8,800

Bitcoin price analysis - rising along a new ascending channel

Bitcoin price analysis - rising towards $10,000

Bitcoin price analysis - heading towards $8,800

Bitcoin price analysis - bullish wave gaining momentum

Bitcoin price analysis - bearish wave reversed

Bitcoin price analysis – bearish wave getting stronger

Bitcoin price analysis – bearish stampede

Bitcoin price analysis – another bearish wave

Bitcoin price analysis – BTCUSD bullish above $11,000

Bitcoin price weekly analysis – bearish wave ahead

Bitcoin price analysis: can BTCUSD retain momentum?

Bitcoin price analysis: BTCUSD recovery won’t be easy

Bitcoin price analysis – bulls growing stronger

Bitcoin price analysis – indecisive market

Bitcoin price analysis – Welcoming the bulls

Bitcoin price analysis – bears losing their market grip

BTC drops below $10k amid course correction and regulation fears, Jan 17, 2018

Bitcoin price analysis: BTC/USD breaks key support, Jan 16, 2018

Weekly bitcoin price analysis – Bulls taking up the reins, Jan 15, 2018

Buying bitcoin on credit – a dangerous new trend, Jan 15, 2018