Latest Bitcoin price and analysis (BTC to USD)

The price of Bitcoin has been gradually moving upwards, breaking the $4,000 level of resistance earlier this week. Could we see a new support level soon?

Latest Bitcoin price commentary

The price of Bitcoin has been gradually moving upwards, breaking the $4,000 level of resistance earlier this week. As the market continues to rally, I don’t expect Bitcoin to make a sudden drop. However, traders should be wary of entering positions until this new level consolidates and the previous $3,800 price range becomes new support.

Volume hasn’t spiked, remaining close to $10 billion. However, it seems buyers are now in control. If volume remains on a healthy level above $9 billion, that is a very good sign the cryptocurrency market is making a swift recovery.

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 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.

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