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Bitcoin (BTC) Price

  • Bitcoin(BTC)
    $9,296.9
    +354.05(+3.9590%)
    09:30:23(GMT)|Real-Time Data, Currency in USD
    • Open
      $8,942.8
      Day's Range
      $8,832.0- $9,419.8
    • Market Cap
      $170.85 B
      Volume
      $7.26 B
    • Current Supply
      18.38 MBTC
      Max Supply
      21.00 MBTC

BitcoinOverview

  • Proof TypePoW
  • AlgorithmSHA256
  • Market Cap$170.85 B
  • Volume$608.75 M
  • Current Supply18.38 MBTC
  • Max Supply21.00 MBTC
  • Open$8942.8
  • Day's Range$8832.0- $9419.8

BitcoinPrice

Bitcoin is a virtual currency, more commonly referred to as a cryptocurrency that was created with the principal of removing intermediary control as enjoyed by banks, central banks, and governments. Bitcoin was created in order to compete or replace fiat currencies as an alternative instant payment mechanism.

Unlike fiat money, there are no physical Bitcoins, just balances of Bitcoins that are recorded on Bitcoin’s blockchain which is a decentralized, public ledger.

Bitcoin was invented in 2009, by Satoshi Nakamoto, whose true identity had yet to be released. Bitcoin.org was registered on 18th August 2008, shortly prior to the first Bitcoin block being mined on 3rd January 2009.

There is a finite number of Bitcoins, the total number being 21 million, a concept that does not exist in the world of fiat currencies, where governments and central banks are able to print more fiat money to sustain false economies that motivated the creation of Bitcoin.

Founder Satoshi Nakamoto is reported to own in excess of 4% of total Bitcoins that can ever hit circulation.

The creation of each individual Bitcoin comes from mining, which stems from a reward mechanism for miners verifying transactions on Bitcoin’s blockchain.

Bitcoin blockchain is a key driver behind Bitcoin. A decentralized ledger that is updated instantaneously across all users, with transaction times and fees depending upon the speed which miners are able to verify transactions. The Blockchain technology is unique as it has no centralized control or the ability to manipulate its content.

Some distinct differences and characteristics of Bitcoin include:

  • There are no physical Bitcoins, only virtual.
  • Unlike fiat currencies, where governments and central banks are able to print more money, there is a finite number of Bitcoins.
  • The very nature of Bitcoin’s decentralized blockchain means that the payment system runs 24-hours a day, with no downtime and has no restrictions on where and to whom Bitcoin can be sent.
  • Users of Bitcoin are anonymous

BitcoinForecasts

all forecasts
  • Marc Principato
    Marc Principato

    BTC/USD – Potential Bearish Momentum Ahead

    Recent selling activity off of the 9564 to 10,168 resistance zone appears to be dramatic, but don’t let the size of the range fool you.

  • Chris Vermeulen
    Chris Vermeulen

    Comparing Bitcoin to Other Sectors – Risk vs. Value

    Bitcoin seems much more aligned with the Dow Jones and/or the Russell 2000 than any other symbols/sectors.

  • Florian Grummes
    Florian Grummes

     Gold – Patience Is A Virtue

    Since mid of March at the panic lows and prices around US$1,450 Gold posted a massive rally reaching US$1,765 just 10 days ago

  • Craig Erlam
    Craig Erlam

    US/China Conflict – Gold, Oil and Bitcoin in Focus

    Stock markets are making strong gains once again on Wednesday as investors turn a blind eye to increasing friction between the US and China and focus on the exciting prospect of economies reopening after months of lockdown.

  • Korbinian Koller
    Korbinian Koller

    Crypto Chartbook: Built not Bought

    This isn’t just a catchy phrase. It is the only way to riches. It is statistically proven that most market speculators, that try to blindly follow a trading recommendation fail to produce consistent results.

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BitcoinTechnical Analysis

Summary

BUY
  • Moving Averages
    BUY(18)
  • Indicators
    BUY(3)

Moving Averages

SIMPLEEXP.WEIGHTED
MA (5)8703.08682.18694.3
MA (10)8656.78675.38677.6
MA (20)8687.38680.78664.5
MA (50)8688.48789.78684.2
MA (100)9177.98902.48893.9
MA (200)8963.78963.79109.6
BUY0180

Trend Indicators

MACD (12,26,9)-18.115
ADX (14)23.8878
RSI (14)47.4768
Williams %R (14)-24.3254
Stochastic RSI (14)53.0406
ROC (10)0.8632
CCI (14)31.6839
Ultimate oscillator (7,14,28)54.0889
Stochastic Fast (14)75.6746
ATR (14)150.6546
BBands (20)434.0041
BUY137

Pivot Points

names3s2s1pivotr1r2r3
classic8518.98570.68612.88664.58706.88758.58800.8
fibonacci8570.68606.58628.68664.58700.48722.68758.5
camarilla8537.68545.58553.38664.58756.98764.78764.7
woodieN/A6404.44280.56498.44374.56592.3N/A
demarkN/AN/A8591.78654.08685.7N/AN/A
names3s2s1pivotr1r2r3
classic
fibonacci
camarilla
woodie
demark

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