Tag Archives: RSI

Overstretched? Bitcoin Price on Shaky Ground After 1,000% Gains

Overstretched? Bitcoin Price on Shaky Ground After 1,000% Gains

Bitcoin may be starting to show signs of bull market exhaustion. As per CoinDesk’s Bitcoin Price Index (BPI), bitcoin (BTC) rose to a new all-time high of $10,831.75 at 05:35 UTC, having first moved above $10,000 in Asian trading hours. As of writing, BTC is at $10,900. The meteoric rise has taken year-to-date gains to 1,000 percent. Still, there is a […]

$10,000 Today? Bitcoin Price Primed to Break Psychological Barrier

$10,000 Today? Bitcoin Price Primed to Break Psychological Barrier

Bitcoin’s meteoric gains are continuing unabated, with prices looking like they could pass the psychological milestone of $10,000 today. The world’s largest cryptocurrency by market capitalization clocked a new lifetime high of $9,9731.51 at 09:00 UTC, as per CoinDesk’s Bitcoin Price Index. That came after blowing past $9,000 over the weekend for the first time – and just […]

Up and Away? Bitcoin Price Eyes $8,000 Or Higher

Up and Away? Bitcoin Price Eyes $8,000 Or Higher

Bitcoin is still looking upwards, having achieved fresh record highs overnight. As per CoinDesk’s Bitcoin Price Index (BPI), the world’s largest cryptocurrency by market capitalization rose to an all-time high of $7,990 at 01:18 UTC. According to CoinMarketCap, the cryptocurrency has gained 4 percent in the last 24 hours. Week-on-week, the BTC value has gone up by 12 […]

On the Rebound? Ripple’s XRP Price Jumps to 7-Week High

On the Rebound? Ripple’s XRP Price Jumps to 7-Week High

Ripple’s native XRP token jumped to a near seven-week high of $0.28 yesterday despite technical indicators that suggested the cryptocurrency’s recent rally might be overdone. While a re-test of the August 31 high of $0.26 was on the cards, the rally was something of a surprise given that the broader market is under pressure. At press time, […]