Bitcoin Price Surges Above $11,300 Looking for More Upside Ahead

Coinspeaker
Bitcoin Price Surges Above $11,300 Looking for More Upside Ahead
Bitcoin breaches another important milestone extending its gains above $11,300 levels. With this, Bitcoin has rallied over 20% in just last one week.
Bitcoin Price Surges Above $11,300 Looking for More Upside Ahead

Continue reading at Coinspeaker
Source: CoinSpeaker

Bubble Hasn’t Begun: Google Trends Shows Little Interest in $10,000 Bitcoin

When Bitcoin first breached above $10,000 in 2017 it had already captured the attention of the mainstream media. All eyes were on Bitcoin price after it had reclaimed its precious all-time high following a bear market where the asset was considered doomed – much like the current cycle. It caused a massive interest on Google Search and on Google Trends.
This time around, barely anyone outside of the crypto or the finance world is talking about Bitcoin at this point. The public that once was enamored by the lure of untold wealth and a new, mysterious technology created by a pseudonymous mastermind have all but forgotten about crypto. This lapse of interest can be clearly seen through charts on Google Trends, where not only has interest come anywhere close to previous highs – not even matching the 50% price has managed to reclaim – it has even since declined from recent highs around May when Bitcoin traded at $8,000 for the first time of 2019.
Searching For FOMO: Google Trends Down on Bitcoin
In late 2017, it wasn’t uncommon to hear crypto advice from everyday Joes offering the equivalent of the “shoeshine boy” Joe Kennedy famously used as a sell signal and for spotting the top of the stock market bubble that triggered The Great Depression. There was no denying Bitcoin was in a bubble.
The bubble first started when the asset broke back above its previous all-time high of over $1,200, proving it wasn’t dead as the pundits claimed and might actually have merit as a financial technology and be worthy replacement for fiat currencies. But the bubble was tiny then, and didn’t grow until later when Bitcoin breached $5,000.
Soon after, it broke $10,000, and within a month it set it’s all time high of $20,000.
Related Reading | Bitcoin Price at $10,000: Then Versus Now and Revisiting the Last Crypto Bubble
During that short timeframe between $5,000 and $20,000 – and before Bitcoin was once again pronounced dead by the media and suffered a year-long bear market – the bubble grew massive and sucked in the public via widespread FOMO.
People hearing about Bitcoin during water cooler talk or reading stories in the newspaper about 20-year old millionaires who bought the asset early on with allowance money had their curiosity – and greed – piqued. It caused them to flock to Google first to inquire what the digital asset even was, before searching for how to buy it, and finding themselves on the likes of Coinbase, driving up the price further.
This is clearly depicted on the five-year Google Trends chart for Bitcoin. Compared to then, the current price action is causing barely a blip on the chart.

On the one year timeframe, Google Trends still shows the trend is still above yearly lows interest-wise, it’s actually begun to trend down despite the price nearing and now surpassing $10,000 – a price that last time caused fireworks and major media attention.

Most other longer timeframes show a decline in Google Trends, until what looks like a bull flag appears on the end of the 7-day.

Demonstrating how accurate Google Trends data is, the one day shows almost exactly when Bitcoin did break above $10,000 as there’s a correlating increase in search queries on the crypto asset.

Crypto Bubble No More? Or Hasn’t Yet Begun?
The lack of interest could stem from two things.
The mainstream media and public have mostly forgotten about Bitcoin, $10,000 is yesterday’s news, and nobody has really noticed that it didn’t actually die and has once again started to rise and what this means for the asset class long term.
Alternatively, back in 2017,  nobody even had heard of Bitcoin let alone typed it into their Google search box or bought it off an app or exchange. Maybe we’ll never see such a spike in search interest ever again, because now people know what Bitcoin is, and don’t need to search for it – it’s become a household name long before it’s become used regularly.
Of course there’s a possibility that Bitcoin could never again capture the interest of the retail investors who were burned when the bubble popped – the same investors who caused the spike on Google Trends – or it also could require on more important price level to be broken: the previous all-time high of $20,000.
Much like what happened in 2017 when Bitcoin reclaimed its then precious all-time high of over $1,200, the asset’s real bull market kicked off. That was the signal to those that had become aware of Bitcoin the last time around that the asset wasn’t a fad, and had potential that was worth reconsidering.
Related Reading | Bitcoin Price Hits $11,000 Less Than 24 Hours After $10,000 Falls, What’s Next?
Bitcoin just took out $10,000 and has little resistance between it and $20,000 as was demonstrated by an easy break of $11,000 less than 24 hours after $10K fell. Might we see a similar spike on Google Trends soon enough?
The post Bubble Hasn’t Begun: Google Trends Shows Little Interest in $10,000 Bitcoin appeared first on NewsBTC.
Source: New feedNewsBTC.com

Bitcoin Price Hits $11,000 Less Than 24 Hours After $10,000 Falls, What’s Next?

The leading crypto asset by market cap has once again reclaimed $10,000, considered an important psychological FOMO trigger that could see Bitcoin price setting new all-time highs in no time.
Now, less than 24 hours after Bitcoin price breaches $10,000, it’s already broken through $11,000 and shows no signs of stopping. What’s next for Bitcoin price and are new all-time highs right around the corner? Or are there more barriers for the cryptocurrency ahead?
BTC Is Unstoppable: Smashes $10K and $11K, Where Does it Go Next?
Last night, just before the daily candle closed, Bitcoin price breached important psychological resistance at $10,000 that during the last market cycle acted as a major “FOMO trigger” according to crypto bull Tom Lee. Hours later, it was already at $10,500, and now, within 24 hours from breaking $10,000 it has already reclaimed $11,000 and may have only just begun its further bullish uptrend.
Related Reading | Tom Lee: Bitcoin Price Nearing FOMO Trigger, BTC To Trade Between $20K and $40K 
Rounded numbers always play important resistance levels, as many orders tend to cluster around them, making each $1,000 increment and more significant numbers like $15,000 and $20,000 the next major resistance levels needing breaking before new all-time highs are set.
Last time Bitcoin price broke above $10,000, less than a month later it had already hit $20,000, and could hint at the speed and fury at which Bitcoin may climb once again now that this “FOMO trigger” has been breached.
During the 2017 bull run, there was far more hype and interest surrounding the asset class, yet prices are trading at similar levels, suggesting that the next bull run that may now be taking shape could eclipse the last one. It may require Bitcoin to break $20,000 though for the mainstream media and public to once again take an interest in Bitcoin.

Bitcoin Price: One More Target Before Bull Run Can Begin
Although there are rounded numbers like $15,000 and $20,000 ahead, there is one other critical resistance point that needs to be broken for the bull run to begin: $11,700.
$11,700 is the resistance level at which the 2018 bear market began. Once Bitcoin fell below that bearish breaker, it never again rose above it. $10,000, $9,000, $8,000, $7,000, and even the “unbreakable” $6,000 all had repeatedly been broken back above throughout the bear market, while this one key point stood up to any bullish momentum.
Related Reading | Bull Market Not Confirmed Until Bitcoin Price Breaks Above $11.7K Where Bear Market Began 
Should Bitcoin break above $11,700, it could trigger a full blown bull run in the asset and set new highs in no time. The last time $10,000 was broken, Bitcoin reached $20,000 less than a month later. If such a trajectory is repeated, $11,700 will fall any day as Bitcoin price is now trading at $11,150 at the time of this writing.
Featured image from Shutterstock
The post Bitcoin Price Hits $11,000 Less Than 24 Hours After $10,000 Falls, What’s Next? appeared first on NewsBTC.
Source: New feedNewsBTC.com

Bitcoin Price Hits New 2019-High, Moves Past $10,700 Levels

Coinspeaker
Bitcoin Price Hits New 2019-High, Moves Past $10,700 Levels
In a massive price rally, Bitcoin bulls pushed the cryptocurrency above $10,700 level making new highs for this year. Crypto experts think Facebook’s Libra launch has helped to drive this rally.
Bitcoin Price Hits New 2019-High, Moves Past $10,700 Levels

Continue reading at Coinspeaker
Source: CoinSpeaker

Bitcoin Price at $10,000: Then Versus Now and Revisiting the Last Crypto Bubble

During the 2017 crypto bull run, Bitcoin price spent very little time above $10,000 once it got there. Around Thanksgiving, Bitcoin broke above $10,000 and by Christmas it had already hit its all-time high of $20,000 and began the start of its correction that led to a long bear market.
At that time, there was a media frenzy, widespread FOMO, and more driving up the price so quickly. This time, crypto and Bitcoin has since been pronounced dead, and the retail investing public has completely forgotten or written it off as a scam, fad, or worse. The difference in sentiment alone is interesting, despite the prices levels being the same – what else is different this time around?
Trip Down Memory Lane: Revisiting the Crypto Bull Run of 2019
Everywhere you looked, in the last few months of 2017, there was Bitcoin. The crypto asset was the talk of dinner tables on holidays, made headlines at major media outlets everywhere, and genuinely shocked Wall Street pundits who had written it off as a waste of time or money, a scam, fad, or vehicle for illicit activities.
Related Reading | Why The Next Bitcoin Bull Run Could Eclipse The Last Crypto Bubble
The mainstream buzz captured the attention of the public, who were intrigued by the digital version of money and hypnotized by the allure of wealth and richest beyond their wildest dreams as stories of early Bitcoin investors turned millionaires were featured on primetime television.
At this point, the vast majority hadn’t even heard of Bitcoin let alone know what it was. But curiosity was piqued, the cat was let out of the bag, and Bitcoin became a household name – even making its way onto beloved TV shows like Jeopardy or in board games like Scrabble.
However, the bubble popped, and all enthusiasm left the market throughout a long, arduous bear market… until now.

Bitcoin Price Revisits $10,000, But This Time Is Different
Considering the “euphoria” and “frenzy” there was surrounding Bitcoin the last time it reached $10,000, it’s not surprising it hit $20,000 only a couple weeks later. But this time around, mainstream media isn’t covering Bitcoin, it’s not being featured on magazine covers, and it isn’t the talk of the town like it once was.

Last time Bitcoin approached $10k there was euphoria & frenzy
This time there is tamed enthusiasm
This is because the bull market hasn’t even begun
$10k BTC now is like $500 BTC in 2016
— Crypto Capital Venture (@cryptorecruitr) June 21, 2019

The same price point that caused widespread FOMO, has barely even been noticed by the public. The significance is clear though, and once breached another bull market is on.
Other changes this time around include increased institutional interest, major finance powerhouses are entering the space, and even tech giants are getting in on the fun. Bitcoin and crypto are now common household terms that everyone has heard of, even though they may still not understand their value or potential.
Related Reading | Bull Market Imminent? Why Investors are Stacking Ethereum, XRP, and Litecoin
When the public eye does catch onto Bitcoin once again, they’ll again show up late to the party. But when it happens, Bitcoin is likely to set another all-time high.
Featured image from Shutterstock
The post Bitcoin Price at $10,000: Then Versus Now and Revisiting the Last Crypto Bubble appeared first on NewsBTC.
Source: New feedNewsBTC.com

Bitcoin [BTC] Set To Break $10000 Amidst Total Market Cap Already Crosses $300 Billion

Bitcoin is inching closer to $10000 on June 21, 2019, and if it does, it would be its new value in the year 2019. In fact, according to the data from coinmarketcap (CMC), the total market cap has already crossed 300 billion which is hinting yet another high for the top cryptocurrency of the world.
At the time of writing, the value of Bitcoin has jumped with 6.10% over the past 24 hours which led it to cross $9800 figure as well. Nevertheless, the total market cap of Bitcoin (BTC) on Friday, June 21, also popped up higher i.e $174,456,023,438.
To be noted, Bitcoin’s value is appearing as the influencing reason for many other altcoins on the graph of CMC. Indeed, the value of Ethereum (ETH) is soaring with 8.20%, XRP with 4.20%, Litecoin (LTC) with 3.80%, Bitcoin Cash (BCH) with 7.10%, EOS with 5.71%, Binance Coin (BNB) with 5.24%, Bitcoin SV (BSV) with 5.54 percent, Tether (USDT) with 0.21% and Stellar (XLM) with 2.86% over the past 24 hours respectively.
Image Source – Coinmarketcap
Bitcoin on Bull Run?
However, the soaring price of Bitcoin is the historical reason behind the greener look of the other cryptocurrencies of the market. Moreover, it’s not more than a week when Bitcoin crossed a peak of $9000. As Coingape reported, Bitcoin on June 16, 2019, jumped over the line of $9k figure and is all set to make yet another hit of $10k anytime soon.
Bitcoin’s market cap has absolutely excited many prominent leaders of the industry as well the community at large. Concerning the regards, Anthony Pompliano broke out a tweet of Bitcoin’s mark of $170 billion market cap. On top of all, the value which BTC is presently trading at i.e $9800 has seen the growth of 162% year to date. Also to note, the price seems nearly 130% higher so far this quarter.
There seems no strong reason that directs Bitcoin on growing graph – but its worth to note that the year 2019 is reclaiming the historical higher figures of Bitcoin. It was 2017 when traders, investors, and community enjoyed the bull market and in the year 2018 the market was quite dull and the year 2019 is likely the year that’s bringing back bull days of the crypto market.
Moreover, it’s exciting to see when will Bitcoin actually breaks $10k figure. So readers, what’s your opinion, will it hit $10k trading value before the upcoming week? Let us know in the comment below.
Image source – Shutterstock
The post Bitcoin [BTC] Set To Break $10000 Amidst Total Market Cap Already Crosses $300 Billion appeared first on Coingape.
Source: CoinGape

Bitcoin Price Approaches $10,000 as Total Market Cap Exceeds $300 Billion

Coinspeaker
Bitcoin Price Approaches $10,000 as Total Market Cap Exceeds $300 Billion
Bitcoin price sets a new 2019 all-time high reaching $9,800. Also, the majority of the top 100 altcoins are in the green zone as the total market cap exceeds $300 billion.
Bitcoin Price Approaches $10,000 as Total Market Cap Exceeds $300 Billion

Continue reading at Coinspeaker
Source: CoinSpeaker

Coinbase Launches a Push Notification Feature on Its Mobile dApp

Coinspeaker
Coinbase Launches a Push Notification Feature on Its Mobile dApp
The leading American Exchange Coinbase decided to incorporate an alerting mechanism in order to update users on cryptocurrency price fluctuations.
Coinbase Launches a Push Notification Feature on Its Mobile dApp

Continue reading at Coinspeaker
Source: CoinSpeaker

Can Facebook’s Libra Influence the Bitcoin Price?

Coinspeaker
Can Facebook’s Libra Influence the Bitcoin Price?
Facebook’s release of Libra white-paper raised a lot of awareness in the cryptocurrency and traditional banking communities. Many experts compare Facebook’s Libra to Bitcoin and other cryptos. The main question is, how Libra could affect Bitcoin price?
Can Facebook’s Libra Influence the Bitcoin Price?

Continue reading at Coinspeaker
Source: CoinSpeaker

Bitcoin Price Could Hit $62K This October, Says Analyst

Coinspeaker
Bitcoin Price Could Hit $62K This October, Says Analyst
Here’s how the analysts are predicting higher targets for Bitcoin price based on the strengthening technical charts, growing fundamentals, and higher institutional participation.
Bitcoin Price Could Hit $62K This October, Says Analyst

Continue reading at Coinspeaker
Source: CoinSpeaker

Bitcoin Price Analysis: BTC/USD Price Ranging Within $8,879-$9,398 Levels, Awaiting a Breakout

Coinspeaker
Bitcoin Price Analysis: BTC/USD Price Ranging Within $8,879-$9,398 Levels, Awaiting a Breakout
Bitcoin price breakout at the resistance level of $9,398 by the Bulls will expose the $10,016 resistance level which may be its target. Should the Bears gain enough pressure and break down the support level of $8,879 the price may decline to $8,565 level.
Bitcoin Price Analysis: BTC/USD Price Ranging Within $8,879-$9,398 Levels, Awaiting a Breakout

Continue reading at Coinspeaker
Source: CoinSpeaker

Sunday Blast! Bitcoin Price Surges Past $9300 Levels to Make a New High for 2019

Coinspeaker
Sunday Blast! Bitcoin Price Surges Past $9300 Levels to Make a New High for 2019
Bitcoin achieved a new milestone on Sunday with its price smashing past $9000 levels. Other metrics suggest a strong buildup of the Bitcoin technicals and fundamentals.
Sunday Blast! Bitcoin Price Surges Past $9300 Levels to Make a New High for 2019

Continue reading at Coinspeaker
Source: CoinSpeaker

Bitcoin Breaks $9000 Value – 2019’s ATH While Market Cap Points $161 Billion

BTC/USD price again impresses its worldwide crypto community. On June 16, 2019, the value of Bitcoin (BTC) is hitting this year’s ATH (All-Time-High) after reaching $9000 figure against USD – in fact, it’s total market cap counts for $160 billion on June 16, 2019.
Bitcoin Breaks $9000
Just to remind, Bitcoin began hitting high trading volume since early days of April – in fact, only in the month of May 2019, Bitcoin’s value spiked from $6000 to $8000 and then began dancing between $8000-$9000 until June 15. This weekend perhaps seems really interesting for bitcoin proponent.
At press time, the value of Bitcoin counts $9062 against US Dollar with the influencing figure 4.47 percent within the past 24 hours. Moreover, it’s trading volume also jumped up higher and presently marked for $160,978,282,622.
Source: coinmarketcap
In addition, such spiking value of Bitcoin is positively influencing the prices of other leading cryptocurrencies – including Ethereum, XRP, Litecoin, Bitcoin Cash and EOS. The value of ETH is soaring with 2.11 percent, XRP with 2.27 percent, LTC with 0.81 percent, BCH with 2.04 percent and EOS with 4.19 percent over the past 24hours.
Also Read: Crypto-Market Top Weekly Performers: Bitcoin, Litecoin, Ethereum, NEO and Cardano’s ADA
Also, recent reports released on June 15 states that there are now over 1 million daily active addresses ( unique sender and receiver addresses). This was quickly gotten the attention of Kevin Rooke who adds following on his Twitter account;
When Bitcoin first broke 1 million active addresses (Nov 27, 2017), 1 BTC was $9,352 and the median tx fee was $3.23.
Yesterday 1 BTC was $8,230 and the median tx fee was $1.33.
Besides this, the other analyst Nunya Bizniz who often known for his accurate analysis points bullish signals on Bitcoin’s price on June 15, he says that;
 A large bearish (engulfing) candle, followed by a reversal and large bullish (engulfing) candle. Rally and new yearly highs ahead?
 

BTC Weekly. This chart is premature but shows the 3 prior instances where price structure was similar to present. A large bearish (engulfing) candle, followed by a reversal and large bullish (engulfing) candle. Rally and new yearly highs ahead? pic.twitter.com/nsgzmhEn53
— Nunya Bizniz (@Pladizow) June 15, 2019

Looking closer at the value of Bitcoin, another trader Credible Crypto also points this week in incredibly bullish moments, he adds;
 

Although last week’s candle was very bearish, this weeks candle retraced the entire thing which is incredibly bullish. Official close is tomorrow, but thus far just looks like a retest of the monthly breakout level. Now targeting the resistance in the red region above us. $BTC pic.twitter.com/kHcX1ZRwPM
— Credible Crypto (@CredibleCrypto) June 16, 2019

So readers, what’s your view on upcoming bitcoin value.? Do you think it will jump over $10000 as well within June 2019.? Let u know in the comment below 
The post Bitcoin Breaks $9000 Value – 2019’s ATH While Market Cap Points $161 Billion appeared first on Coingape.
Source: CoinGape

Bitcoin Price Will Skyrocket in 2021, Here’s Why

Coinspeaker
Bitcoin Price Will Skyrocket in 2021, Here’s Why
Next Bitcoin halvening is in May 2020 and we are expecting to see huge price increase in 2021. Bitcoin miners currently receive 12.5 BTC each time they successfully mine a block. By the end of May 2020 (the next Halvening) they will earn just 6.25 BTC.
Bitcoin Price Will Skyrocket in 2021, Here’s Why

Continue reading at Coinspeaker
Source: CoinSpeaker

Bitcoin Halving Will Trigger ‘Supply Shock’, Warns Venture Capitalist

Coinspeaker
Bitcoin Halving Will Trigger ‘Supply Shock’, Warns Venture Capitalist
A Bitcoin halvening is a fixed event and will occur after every 210,000 blocks are mined, or confirmed, by the system. StillMark Capital analyst Alyse Killeen thinks that there will be even greater demand for Bitcoin.
Bitcoin Halving Will Trigger ‘Supply Shock’, Warns Venture Capitalist

Continue reading at Coinspeaker
Source: CoinSpeaker