Latest Bitcoin Price and Analysis (BTC to USD)

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Bitcoin is currently trading at $ 47,300 after showing signs of resilience during its recent rise from a local low of $ 43,350.

While the macro uptrend structure from $ 29,000 to $ 53,000 has now been broken, Bitcoin has the potential to regain its bullish position if it can start closing the daily candles above the resistance level of 50. $ 450.

However, astute traders will be on the lookout for a crucial low in the $ 49,000 region which would confirm $ 53,000 as a short to medium term high with downside targets starting to emerge below 40. $ 000.

A high below $ 49,000 paired with the low below $ 43,000 would demonstrate a clear bearish reversal that ultimately lead to a grueling daily cross on the 50 and 200 exponential moving averages.

Bitcoin

BTCUSD chart by TradingView

This theory would be overturned if Bitcoin could test the resistance level of $ 53,000 again, which could become a possibility if sad talks about domestic currency inflation continue to surface in Europe and the United States.

Cryptocurrencies are generally viewed as a hedge against inflation, although it should be noted that a gradual reduction exercise by the Federal Reserve would effectively lower asset prices, causing investors to rush out. liquidity to stem the flow of inflation.

Tapering is expected to begin within the next six to eight weeks, with a series of analyzes suggesting it could mark the macro peak of this decades-long bull market in the stock market.

For more cryptocurrency information, guides and analysis, click here.

Bitcoin pricing

Current live BTC price information and interactive charts are available on our site 24 hours a day. The ticker bar at the bottom of every page on our site has the latest Bitcoin price. Prices are also available in a range of different currency equivalents:

US Dollar BTC to USD

Pound sterling BTCtoGBP

Japanese yen BTCversJPY

Euro BTCverseur

Australian dollar BTCtoAUD

Russian ruble BTCtoRUB

About Bitcoin

The story continues

In August 2008, the domain name bitcoin.org was registered. On October 31, 2008, an article was published titled Bitcoin: A Peer-to-Peer Electronic Cash System. This was written by Satoshi Nakamoto, the inventor of Bitcoin. To this day, no one knows who this or these people are.

The document describes a method of using a P2P network for electronic transactions without relying on trust. On January 3, 2009, the Bitcoin network was born. Nakamoto mined block number 0 (or the genesis block), which had a reward of 50 Bitcoins.

More news and information about BTC

If you want to learn more about Bitcoin or cryptocurrencies in general, use the search box at the top of this page. Here’s an article to get you started.

As with any investment, it’s worth doing some homework before parting with your money. Cryptocurrency prices are volatile and rise and fall rapidly. This page does not recommend any particular currency or whether or not you should invest.

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