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David Lifchitz, chief investment officer for quant trading firm ExoAlpha, expects a bitcoin price bull run to proceed should it overcome a nearby hurdle. “All in all, $12,500 is the key level to watch for a sustainable breakout on strong volume,” he said. ”Anything different will be a fake, as it can be seen many times in a historical chart of BTC/USD.”

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Many traders remain bullish despite the recent price drop, seeing the decline as a bit of a respite before rising. “Last year's high was $13,852,” noted Rupert Douglas of institutional crypto broker Koine. “We are going to test that, but whether we have a significant pullback to around $10,000 first is a tough call,“ Douglas added.

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“Bitcoin finally broke its $12,000 resistance Monday,” said Andrew Tu of trading firm Efficient Frontier. “Now it's on to $13,000 and $14,000 as resistance, assuming that we can hold above $12,000.” Bitcoin’s price was just under $12,000 as of press time after the selling pressure earlier. Michael Rabkin of Chicago-based trading firm DV Chain told CoinDesk...

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“Ether was largely a bystander Monday, mimicking the surge higher, instead of being the driving force behind it,'' said Denis Vinokourov, head of research for crypto brokerage Bequant. “This is suggesting a growing unease towards the current valuation.” Skyrocketing Ethereum transaction costs were one of the reasons Vinokourov noted this sentiment.

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Bitcoin is back on the move Friday, breaking above $11,800 after a Thursday of relative quiet on the spot market. “Crypto has had a good run for about three weeks in a row, since late July,” said David Lifchitz, chief investment officer for quantitative trading firm ExoAlpha. “There is a current resistance level of $12,500 for bitcoin, which looks pretty normal...

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Little changed in the past day for bitcoin’s price. The top asset in the crypto market is back in the $11,500 territory, where it was Wednesday, after briefly bottoming to $11,274 on spot exchanges such as Coinbase. However, the amount of bitcoin locked in decentralized finance, or DeFi, surpassed 25,000 BTC Monday, and is currently at 27,043, according to data...

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Bitcoin rebounded Wednesday, making gains from a 24-hour low of $11,119 on spot exchanges like Coinbase, a price point not seen since August 5. Constantin Kogan, partner at crypto fund-of-funds BitBull Capital, sees a sideways market, whereby the price of bitcoin could go either way. “If sellers take control of the market, it is likely that BTC will be seen...

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Heavy sell volumes on spot exchanges such as Coinbase caused a fall in bitcoin’s price to as low as $11,299 Tuesday. Profit-taking is one driver of the dip, according to Chris Thomas, head of digital assets for broker Swissquote. “There are naturally some traders looking to take short term profits here, which is driving us lower,” Thomas told CoinDesk. Traders...

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Aaron Suduiko, head of research liquidity provider SFOX, says market volatility is increasing but the way it has been doing so may be a bullish sign. “What we've seen since the late-July rally are BTC/USD price increases, followed by smaller, relatively quick drops—one pattern with which that's historically been consistent is profit-taking during a broader...

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Bitcoin’s price was able to rally to as high as $11,917 Friday before losing momentum, falling back into the $11,500 range. “Over the past day, bitcoin tested the level of $11,900, but it did not succeed, and BTC slipped,” said Constantine Kogan, partner at crypto fund of funds BitBull Capital. One downward trending day is not altering optimism about the crypto...

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It’s been a positive week for bitcoin so far. The world’s oldest cryptocurrency is continuing its rebound from a Sunday price crash, appreciating 12% on a bullish run that isn’t showing signs of slowing down. “Bitcoin reached above $12,000 on August 2, but it's ascension was stopped short,” said Jean-Baptiste Pavageau, a partner at quantitative trading firm...

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Traders are mostly buying bitcoin Wednesday, with the world’s oldest cryptocurrency going as high as $11,735 on spot exchanges such as Coinbase. “I think we’ll hit $12,000 by Friday; there’s a lot of momentum in the market just now,” said Chris Thomas, head of digital assets for broker Swissquote. “Tuesday was a pause for breath, but we didn’t react negatively.”...

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After wild Sunday action that saw the price of the world’s oldest cryptocurrency fall as low as $10,050 on spot exchanges like Coinbase, bitcoin is trading relatively flat, around $11,200 Tuesday. “The asset is trading in a narrow range of $11,080 to $11,220,” said Constantine Kogan, a partner at crypto fund of funds BitBull Capital. “To continue last week’s...

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Ether was not spared Sunday’s flash crash, with the second largest cryptocurrency by market capitalization dumping to as low as $325 before recovering. Some traders claim they took advantage of the dip. “We had expected ETH to fall back to the low $300s and accumulated there,” said Jack Tan, managing partner of Taiwan-based quantitative trading firm Kronos...

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Bitcoin’s price pushed as high as $11,460 on increased buying volume Friday, continuing its bullish run to cap a week of economic uncertainty. “The US Q2 GDP results were rough and traditional markets are seeing a bit of risk off - a sharp move lower in yields and weakness in stocks,” Dan Koehler, liquidity manager for cryptocurrency exchange OKCoin, told...

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Bitcoin was little changed around $11,000 Thursday, as traders digested reports that the U.S. economy shrank during the second quarter at the fastest pace on record and President Donald Trump floated the controversial possibility of delaying this November’s elections. Trading was light, with volume of about $100 million on the Coinbase exchange, after a price...

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Just one week ago, bitcoin’s price hit an intraday high of $9,568 in a low volume environment. This week’s action, fueled by increased exchange volumes, has traders excited a long-term bull market may be back. As much as $446 million in trades were done on Coinbase Monday.  “The market has clearly jumped to a bullish stance,” said Vishal Shah, and options trader...

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The dominance of ether in the cryptocurrency market crossed 12% Monday, its highest point in 2020 according to data calculated by real-time charting firm TradingView. Dominance, or the market cap as a percentage of the entire cryptosphere, is a measure traders use to quickly get a sense of a cryptocurrency’s importance relative to the broader digital currency...