Bitcoin Price Analysis: BTC/USD Sellers Approach $36,300 On Russian-Ukrainian Crisis | Cryptocurrency
- BTC/USD remains under pressure around key short-term support after a three-week downtrend.
- The bearish and bearish cross oscillators are keeping sellers bullish around the 61.8% Fibonacci retracement level.
- Five-week-old rising trendline support may test traders near the horizontal line.
- Russia's nuclear arsenal on high alert even as Kiev-Moscow agree to peace talks.
BTC/USD is hovering around $36,700 during Sunday evening trading, having fallen for three consecutive weeks in the last.
In doing so, the Bitcoin pair circles the 61.8% Fibonacci retracement (Fibo.) of the late January price rise to February 10.
However, the downside breakout of the 50-SMA of the 200-SMA, known as a bearish crossover, joins the pessimistic RSI line and bearish MACD signals to hint at further decline for the crypto major.
That said, three-week-old horizontal support around $36,300 could limit the BTC/USD pair's immediate decline ahead of an ascending trendline from January 24 near $34,500 at press time.
Thereafter, the late January low near $32,950 will be the focus.
Alternatively, recovery moves must provide a decisive break above the 200-SMA level of $40,043 to fend off short-term sellers.
Even so, BTC/USD bulls will remain cautious until the pair stays below a descending trendline from Feb. 10 near $42,000 at press time.
BTC/USD: four-hour chart
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History of Bitcoin
What was the price of Bitcoin at the beginning?
The price of Bitcoin when it was released in 2009 was estimated at US$0.001. On October 12, 2009, the first Bitcoins / dollar exchange took place: 5.02 USD against 5050 BTC , via PayPal.
When Bitcoin is at 1 euro?
2011. – February: Bitcoin reaches parity with the dollar and then, a few days later, with the euro .
Who has the most Bitcoin?
Satoshi NakamotoBut the biggest holder of bitcoins would actually be... Satoshi Nakamoto, the creator of bitcoin , who has still not been identified. According to several estimates, he owns 1.1 million bitcoins .
Where to buy Bitcoin?
To buy Bitcoin in the United States or anywhere else, the easiest way is to go to online trading platforms such as eToro, Coinhouse or Kraken. Several offers are available depending on your knowledge of the subject.
What is the lowest Bitcoin price?
Bitcoin has a circulating supply of 21,000,000 BTC . The highest recorded Bitcoin price record is $59717.00 . And the lowest of BTC is $51.30.
Which cryptocurrency will perform better in 2022?
Cardano. According to experts, Cardano is one of the most promising cryptocurrencies in 2022 . The forecasts are all very positive and show a growth rate of up to 99%. This is why many investors consider betting on the ADA, which seems to be blowing up soon .
How to get Bitcoin for free?
Sites allowing to obtain free fractions of bitcoin . Solution reserved for website publishers remunerated by advertising. The best performers: coinhouse.com*, Ledger Wallet*, and Coinbase*.
What was the price of Bitcoin in 2012?
December 2012 , $13: It grows slowly for a year. In the short term, Bitcoin stabilizes and begins a slow price rise . April 2013, $266: Top of a steep climb where the price increases between 5% and 10% every day.
Is it a good time to buy bitcoins?
At the moment , however, the best time of the month to buy is towards the end. Values tend to rise in the first 10 days of the month and then crash (probably because people are selling after the rises) in the second half of the month.
Why is Bitcoin limited to 21 million?
The first assumes that Satoshi Nakamoto chose this number because, in 2009, the total amount of money in circulation in the world was 21 trillion dollars. Hoping that bitcoin will one day become the base currency for the world, one bitcoin would then have a fixed value, corresponding to $1 million .
How to get bitcoins?
You can get bitcoins by accepting them as payment for goods or services or by buying them from someone near you. You can also buy them directly from an online exchange using your bank account.
How to convert bitcoin to cash?
There are several ways to convert Bitcoin into cash and transfer it to a bank account: Sell Bitcoins or any other cryptocurrency (Ethereum, Ripple, Litcoin, Stellar, Dash, EOS, Ripple) on a cryptocurrency exchange such than Binance, Kraken, Coinbase.
What is the most profitable cryptocurrency?
In 2020, Bitcoin is still the most popular cryptocurrency, and the most profitable to mine.
Which crypto for 2025?
Analysts expect Binance Coin to continue to benefit from the growing crypto market . In 2025 , Binance Coin will cross the $1000 psychological barrier for the first time. BNB will close this year with a price as high as $1110.