Bitcoin price & Altcoin analytics

Yesterday Bitcoin made a rapid dash to the level of $674.  For a while the BTC/USD pair managed to overcome the resistance line of $670 and then the price fell back to $664. This breakthrough is a sign that Bulls are ready to take the offensive. Obviously, we will see a new wave of growth of Bitcoin price any time now.

Investments in altcoins are become increasingly popular these days. A stop of price fallings and the sideways trend which is peculiar to the most popular altcoins now shows the new trend among investors.

July 11, 2016. Luckily for Bitcoin fans the price remains stable even though the reward for Bitcoin block mining was decreased by half on July 9.

Bitcoin and altcoin price analysis a day before the day when the reward for Bitcoin block mining will be halved.

Today the Bitcoin price fell sharply to the level of $640. The reason for this decrease may be a decrease in the forthcoming reward for Bitcoin block mining. In this situation, investors choose to close positions and prefer not to take risks.

As we expected, this week the price of Bitcoin and altcoins remained stable. A sideways trend is typical for most cryptocurrencies at the moment.

Yesterday was relatively quiet for financial markets due to the US Independence Day celebration. Fears of serious repercussions of Brexit are gradually weakening, and the Bitcoin price briefly found peace in the range of $665 - $680.

Two weeks have passed since the Brexit. World markets collapsed soon after the first results of the referendum were announced and today they continue to face the pressure.

On June 23rd the British people voted to leave the EU. Before the Brexit we have seen the loss of value of fixed cryptocurrencies including PTS and ETH. The driver of the price reduction was the US Dollar, that pulled everything else behind as well.