On Thursday, October 10th, the BTC is growing, trading at $8616.90.
By Thursday, October 3rd, the BTC volatility ha smoothed a bit. The leading cryptocurrency is consolidating at around $8274.00.
One of Germany’s biggest banks has joined the already bullish Bitcoin community, with a forecast which puts BTC price at a record high by next year. Bayern LB believes the upcoming halving will be the catalyst.
By Thursday, September 26th, the leading cryptocurrency has stopped falling steeply and is searching for a foothold near $8399,00.
This week, the Bitcoin price has been declining smoothly, but trading is virtually lacking volume, which means investors are focused on the news about fiat currencies.
On Thursday, September 5th, the Bitcoin (BTC) is slightly declining, trading at $10,542.
An analyst has shown data that seems to belittle all forecasts that currently see Bitcoin hitting $20k in 2019. According to the data, there is a 93% chance that Bitcoin will stay below its all-time high.
On the weekly timeframe, the Bitcoin remains in the ascending channel; however, a decline to the support line may turn into a breakaway and a decline to the psychologically important level of $7,000.
On the weekly timeframe the Bitcoin keeps demonstrating an uptrend, preparing a new impulse of growth after a declining correction.