Latest Bitcoin price and analysis (BTC to USD)

At the time of writing, Bitcoin (BTC) is trading just below $9,530 after falling significantly following last week’s mild recovery, which took BTC back above its 20-day EMA.

Bitcoin fell from $10,000 in the week to as low as $9,000 during the weekend before powering back above $9,500 in the space of a few hours on Sunday.

Will Bitcoin push higher this week? Or will we see more major retracements back to the $9,000 region and below?

As you can see from the chart above, BTC has dropped down to its 20-day EMA, where price has bounced slightly. Still, it is quite close to its early July lows.

What I expect to happen is for price to bounce between $9,000 and $11,000 before making its way upwards again towards the $12,000 and $13,000 levels and above.

Even though the trend is our friend, there is the potential for significant retracements that would see price touch or even drop below Bitcoin’s 100-day EMA. Remember that in the previous bull run, price retraced between 30% to 40% a few times before reaching all-time highs.

Volume seems to be following the downtrend as well. Over the past month, volume has gone from $20 billion to $27 billion and is now sitting around $14 billion. Also, Bitcoin’s market dominance has dropped slightly to 65%.

Hopefully this latest downturn is just a bump in the road and the market will pick up its positive momentum again soon. Looking at the overall market behaviour, I’m quite confident that we’re still in a bull run – or at least that’s what my analysis shows.

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Current live Bitcoin pricing 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. Pricing is also available in a range of different currency equivalents:

US Dollar – BTCtoUSD

British Pound Sterling – BTCtoGBP

Japanese Yen – BTCtoJPY

Euro – BTCtoEUR

Australian Dollar – BTCtoAUD

Russian Rouble – BTCtoRUB

About Bitcoin

In August 2008, the domain name bitcoin.org was registered. On 31st October 2008, a paper was published called “Bitcoin: A Peer-to-Peer Electronic Cash System”. This was authored by Satoshi Nakamoto, the inventor of Bitcoin. To date, no one knows who this person, or people, are.

The paper outlined a method of using a P2P network for electronic transactions without “relying on trust”. On 3rd January 2009, the Bitcoin network came into existence. Nakamoto mined block number “0” (or the “genesis block”), which had a reward of 50 Bitcoins.

More Bitcoin news and information

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

As with any investment, it pays to do some homework before you part with your money. The prices of cryptocurrencies are volatile and go up and down quickly. This page is not recommending a particular currency or whether you should invest or not.

*The views and opinions expressed by the author should not be considered financial advisement. The author is not a professional trader, nor investor.