KonstantinAnissimov

KonstantinAnissimov

Bitcoin’s stagnation phase continues as it trades within the narrowest range it has ever traded in its 11-year history. Indeed, the flagship cryptocurrency’s monthly price range recently hit a new all-time low of 6%. The last time such a metric was this low was in May 2015 when it was hovering around 9%. The lackluster price action was visible on Monday, July...

KonstantinAnissimov

Bitcoin continues consolidating without providing any clear signs of where its price is heading next. The ongoing stagnation phase was mostly felt on July 14th as the flagship cryptocurrency mostly traded within a $90 range. BTC opened the day at $9,251.6, but a few hours later its price dropped to $9,163.4. The bulls were able to step in throughout the middle...

KonstantinAnissimov

Bitcoin kicked off the year in a good posture. It opened at $7,174 and quickly entered an uptrend that saw it rise 47.6% within a month. By February 13th, the flagship cryptocurrency had gained over $3,000 to hit a yearly high of $10,522. Nonetheless, investors became concerned over the wide transmission of COVID-19 putting a stop to the bullish momentum BTC was...

KonstantinAnissimov

Another month went by and the $10,000 level continues to stop Bitcoin from resuming its historic uptrend. On June 1st, the flagship cryptocurrency signaled that it was capable of advancing higher. It surged 8.60% from a monthly open of $9,450 to $10,500. However, the bears stepped in and took full control as unaware investors were growing overwhelmingly...

KonstantinAnissimov

Bitcoin Awaits Decisive Breakout The pioneer cryptocurrency had another rough week. Its price was able to surge over 5% after the weekly open, rising from a low of $9,300 to a high of $9,800. But as the week progressed, Bitcoin pared all gains incurred to end 1.44% lower on Friday. On June 24th alone, BTC took a 4.4% nosedive to reach a low of $9,210. A few...

KonstantinAnissimov

The second-largest cryptocurrency by market cap, Ethereum, kicked off the week on the right foot. Although its price dropped to a low of $227.30 before Monday (June 22nd) market open, the buying pressure behind it rose as a new weekly candlestick began to develop. Subsequently, Ether appreciated by nearly 10% to hit a high of $249.80 a few hours after Wednesday’s...

KonstantinAnissimov

The bellwether cryptocurrency is back in the green after a week marked by lackluster price action. Since Monday’s, June 22nd, market open Bitcoin has done nothing but shoot up. BTC is up 3.6%, at the time of writing, hovering at around $9,630. The sudden upswing allowed it to gain $340 in value from the weekly candlestick open of $9,290. From a technical...