Latest Bitcoin Price and Analysis (BTC to USD)

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Bitcoin is currently trading below the $ 32,000 level after a significant rejection of $ 33,200 overnight.

The world’s largest cryptocurrency by market cap has now formed five consecutive lower highs and three consecutive lower troughs, which reinforces the current bullish exhaustion theory.

July’s price action is surprisingly similar to what Bitcoin went through in the middle of the 2018 bear market, with volume falling off a metaphorical cliff alongside a constant downward corrective movement.

For Bitcoin to show any glimmer of hope, it must break the high lower structure by closing a four hour candle above the $ 34,300 level before aiming for the resistance level of $ 34,800.

BTCUSD chart by TradingView

In the short term, however, he needs to ensure that he does not close any daily candles below the $ 31,000 mark, as that would confirm a structural break.

The lowest daily close since January was $ 31,660, indicating strong support in this current region.

It’s also worth noting that MicroStrategys’ breakeven point on its $ 3.3 billion Bitcoin investment is $ 26,080. This will undoubtedly become a key pivotal point in price action, as speculators will begin to wonder if the Michael Saylors company will begin to liquidate its holdings.

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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

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 story continues

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.

Disclaimer: The views and opinions expressed by the author should not be taken as financial advice.

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