Bitcoin price GBP broke above the downtrend line of the falling wedge pattern on May 8 but the bulls could not build up and start a new rally higher, as we had predicted in our previous analysis.

The price re-entered the wedge on May 10 and broke below the moving averages, suggesting the bears are selling on every minor rally. The first support on the downside is  £38,000.

Bitcoin Price GBP_Main

BITCOIN TO GBP

xbt to gbp – HOW TO TRADE BTC/GBP 11TH MAY 2021 - UPDATED CONTENT

CRYPTOCURRENCY TECHNICAL ANALYSIS – HOW TO TRADE BITCOIN PRICE CHART GBP

BTC

If the bears sink the xbt to gbp price below this support, the BTC/GBP pair could drop to £33,705.58 and then to £31,005. A breakdown from this level could result in a massive long liquidation.

The flat moving averages and the RSI below 45 suggest the bears are making a comeback. This negative view will invalidate if the xbt to gbp price turns up and breaks above £42,653.53.

We do not find any buy setups at the current levels, hence we are not recommending any long positions in it. However, professional traders may gear up to soon short the pair.

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xbt to gbp – HOW TO TRADE BTC/GBP 4TH MAY 2021

Bitcoin Price GBP we did not suggest any trade in Bitcoin last week as we believed that every higher level will bring additional supply and that is what seems to be happening.

The BTC to GBP pair surged above the moving averages on April 30 but the bulls could not sustain the rally.

The bulls again tried to extend the relief rally on May 3 but met with stiff resistance above the £42,000 level as seen from the long wick on the day’s candlestick. Today, the bears have dragged the price back below the moving averages.

CRYPTOCURRENCY TECHNICAL ANALYSIS – HOW TO TRADE BITCOIN PRICE CHART GBP

If the bears sustain the BTC to GBP price below the 20-day EMA, the pair could again drop to £37,617. The bulls may try to defend this level aggressively but every rise is likely to hit a wall near the moving averages. A break below £37,617 could pull the price down to £32,500.

This negative view will invalidate if the BTC to GBP price turns up from the current level and rises above the downtrend line of the falling wedge pattern. That could clear the path for a rally to the all-time high at £47,240.05. However, such a move looks unlikely at the moment. We do not find any strong conviction trades at the current levels.

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BITCOIN PRICE GBP – HOW TO TRADE BTC/GBP 27TH APRIL 2021

 

Bitcoin price GBP slipped and closed below the £36,777 support on April 24 but the bears could not extend the decline to £31,005. The price reversed direction from £33,705.58 on April 25 and soared back above £36,777 on April 26.

After the initial bounce, the bulls are unlikely to have an easy path higher. The bearish crossover on the moving averages and the RSI still in the negative territory suggests the bears have the upper hand.

CRYPTOCURRENCY TECHNICAL ANALYSIS – HOW TO TRADE BITCOIN PRICE CHART GBP

The relief rally is likely to face stiff resistance at the moving averages. If the price turns down from the 20-day EMA, it will suggest that traders are liquidating their positions at higher levels.

That could pull the price down to the critical support at £36,777. If this support cracks, the risk of a decline to £31,005 increases. The deeper the decline, the longer it will take for the BTC/GBP pair to stage a recovery and challenge the all-time high.

This negative view will invalidate if the pair climbs above the moving averages. Such a move could open the doors for a retest of the £44,238 to £47,240.05 overhead resistance zone.

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BITCOIN PRICE GBP – HOW TO TRADE BTC/GBP 20TH APRIL 2021

 

Bitcoin price GBP behaved the way we had projected in the previous analysis. Traders who had bought on the breakout and trailed their stops higher according to our suggestion could have exited at a small profit.

The biggest cryptocurrency broke out of the overhead resistance at £44,238 and made a new all-time high at £47,240.05 on April 14.

CRYPTOCURRENCY TECHNICAL ANALYSIS – HOW TO TRADE BITCOIN PRICE CHART GBP

However, the bulls could not sustain the Bitcoin price GBP above £44,238 and the BTC/GBP pair dipped back below this level on April 17. This resulted in sharp selling by short-term traders and the price plunged below the 50-day SMA on April 18.

Although the bulls purchased the initial dip, they have not been able to continue the recovery. The 50-day SMA, which had been acting as a major support, is now acting as a resistance.

Selling continued on April 19 and the pair commenced its journey toward the next support at £36,777. This is an important support to watch out for because if it cracks, the selling could intensify and the pair may drop to £31,005.

The 20-day EMA has turned down and the RSI has slipped into the negative zone, indicating advantage to the bears.

However, if the bulls purchase the drop to £36,777, the btc price gbp could remain range-bound for a few days. The break above the 20-day EMA will be the first sign that the selling could be over and the bulls are back in command.

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xbt to gbp– HOW TO TRADE BTC/GBP 13TH APRIL 2021

 

 

Bitcoin price gbp broke above the overhead resistance of £44,238 on April 12 and 13, but the bulls have not been able to sustain the breakout.

This suggests that demand dries up at higher levels. However, the positive sign is that the bulls have not given up much ground, which shows that traders are not closing their positions in a hurry.

The upsloping 20-day EMA and the RSI above 62 suggest advantage to the bulls.

CRYPTOCURRENCY TECHNICAL ANALYSIS – HOW TO TRADE BITCOIN PRICE CHART GBP Bitcoin Price GBP_BTC If the bulls can push and sustain the btc value gbp above £44,238 for three days, the next leg of the uptrend could resume. Aggressive traders can buy on a close (UTC time) above £44,238 and keep a stop-loss below the 20-day EMA. The first target for Bitcoin highest price GBP ever is on the upside is £45,000. Traders can trail the stops higher as the price moves northward. However, the short-term traders may dump their positions if the bulls fail to sustain the bitcoin value gbp above £44,238. That may also encourage the aggressive bears to initiate short positions. If that happens, the btc price gbp could drop to the 50-day SMA. A break below this support could start a deeper correction that could reach £36,777 and then £31,005.

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BITCOIN PRICE GBP – HOW TO TRADE BTC/GBP 6TH APRIL 2021

Bitcoin price GBP broke above the downtrend line on March 29, but the bitcoin value gbp could not push the price above the all-time high at £44,238. This suggests the bears are defending this level aggressively. However, a positive sign is that the bulls have not allowed the price to dip back below the 20-day EMA. This suggests the bulls are buying on every minor dip CRYPTOCURRENCY TECHNICAL ANALYSIS – HOW TO TRADE BITCOIN PRICE CHART GBP Bitcoin Price GBP_Chart This tight range trading is unlikely to continue for long. We should soon see a sharp move that could start the next trend. If the bulls can drive the btc price gbp above the all-time high and sustain the breakout for two days, it will signal the start of the next leg of the uptrend. The next target objective on the upside is £50,000. Contrary to this assumption, if the bears sink the price below the 20-day EMA, the BTC/GBP pair could retest the critical support at the 50-day SMA. This is an important support to watch out for because if it cracks, the pair could drop to £36,777. Such a move will suggest that the bullish momentum has weakened. Traders may buy on a breakout and close above £44,238. The stop-loss for this trade could be kept below the 20-day EMA initially and can be trailed higher as the Bitcoin price GBP moves northwards. Contrary to this assumption, long positions may be avoided if the price breaks below the 20-day EMA.

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xbt to gbp – HOW TO TRADE BTC/GBP 30TH MARCH 2021

Bitcoin price GBP broke below the £38,355 support on March 25 but the bears could not crack the 50-day SMA support. This could have attracted sharp buying from the bulls and short covering from the bears who went short below £38,355. The BTC price GBP rose back above the 20-day EMA on March 26, indicating the breakdown was a bear trap. On March 29, the bulls pushed the price above the downtrend line. If they can sustain the breakout, the pair may retest the all-time high at £44,238.

CRYPTOCURRENCY TECHNICAL ANALYSIS – HOW TO TRADE BITCOIN PRICE CHART GBP Bitcoin Price GBP_Chart A Bitcoin price GBP breakout of the all-time high will signal the resumption of the uptrend, with the next target objective at £50,000. The upsloping moving averages suggest advantage to the bulls but the negative divergence on the RSI signals caution. The bears are unlikely to give up without a fight. They will mount a stiff resistance in the zone between £42,000 and £44,238. If the Bitcoin value gbp turns down from this resistance zone and breaks the 20-day EMA support, the bears will again challenge the 50-day SMA. Repeated retests of a critical support level tend to weaken it. Therefore, the next dip toward the 50-day SMA might break it. If that happens, the pair could start a deeper correction to £31,005. The chart setup looks like the price may remain range-bound with a negative bias. Hence, we are not recommending any fresh long positions at the current levels.

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BITCOIN PRICE GBP – HOW TO TRADE BTC/GBP 23RD MARCH 2021

Bitcoin price GBP bounced off the 20-day EMA on March 17 fizzled out at £43,125.98 on March 18. This suggests that bears are aggressively defending the all-time high at £44,238. The failure to make a new all-time high could have attracted profit-booking from short-term traders, which has pulled the price below the 20-day EMA. In an uptrend, when the price breaks below the 20-day EMA, it is a sign that the bullish momentum may be waning. CRYPTOCURRENCY TECHNICAL ANALYSIS – HOW TO TRADE BITCOIN PRICE CHART GBP If the selling continues and the bears sink the price below £38,355, it will complete a bearish descending triangle pattern. This setup has a pattern target at £34,472. If the Bitcoin price GBP breaks the 50-day SMA, it will signal a possible trend reversal. The flat 20-day EMA and the RSI just above the midpoint also suggest the bulls are losing their grip. This negative view will invalidate if the Bitcoin price GBP rebounds off £38,355 and the bulls push the pair above the downtrend line of the triangle. Such a move will invalidate the bearish pattern and could result in a retest of the all-time high. As the bearish divergence on the RSI warrants caution, we suggest traders remain on the sidelines until a new bullish setup form.

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xbt to gbp – HOW TO TRADE BTC/GBP 16TH MARCH 2021

The Bitcoin price GBP We had mentioned in our previous analysis that we were bullish and that is how Bitcoin played out last week. The largest cryptocurrency surged above £41,795 on March 13 and hit a new all-time high at £44,238. However, the bulls could not hold on to the higher levels as the price turned down and broke below the breakout level at £41,795. This is a negative sign as it suggests traders are booking profits on rallies. CRYPTOCURRENCY TECHNICAL ANALYSIS – HOW TO TRADE BTC/GBP Bitcoin Price GBP_Chart The Bitcoin price GBP pair has dipped back to the 20-day EMA, which is an important support to watch out for. If the price rebounds off this support, it will suggest traders are buying on dips. The bulls will then again try to resume the uptrend by pushing the Bitcoin price GBP above the £41,795 to £44,238 overhead resistance zone. Contrary to this assumption, if the bears sink the price below the 20-day EMA, the pair could drop to the 50-day SMA. This is an important support because the bears have not been able to break it since October 9 of last year. Therefore, a break below it will suggest a possible change in trend. The bearish divergence on the RSI is pointing to a possible deeper correction. We will wait for the price to form a bottom before proposing a trade in it.

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BITCOIN PRICE GBP – HOW TO TRADE BTC/GBP 9TH MARCH 2021

The Bitcoin price GBP turned down from the £36,759.61 overhead resistance on March 4, but the bulls did not allow the price to sustain below the 20-day EMA on March 5 and 6. This showed the bulls are buying on minor dips and are not waiting for a fall to £30,936 to buy. The bulls pushed the price above the £36,759.61 overhead resistance on March 8 and have followed it up with another up-move today. The BTC/GBP pair could now rally to the all-time high at £41,795. CRYPTOCURRENCY TECHNICAL ANALYSIS – HOW TO TRADE BTC/GBP Bitcoin Price GBP_Chart If the bulls can propel the Bitcoin price GBP above this resistance, the pair could reach the psychological level at £50,000. The 20-day EMA has started to rise again and the RSI has risen above 63 levels, which suggests the bulls are back in the driver’s seat. However, the bears are unlikely to give up easily. They are likely to mount stiff resistance at £41,795. If the Bitcoin price GBP turns down from the all-time high, the pair may consolidate between £36,759.61 and £41,795 for a few days. Although the trend is bullish, we do not find a trade with an attractive risk to reward ratio, hence, we are not recommending any fresh long positions.

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BITCOIN PRICE GBP – HOW TO TRADE BTC/GBP 2ND MARCH 2021
The Bitcoin Price GBP dropped to £31,005 on February 28 as we had anticipated in our previous analysis. The rebound off the strong support has also been according to our expectation. The bulls will now try to push the price above £36,759.61. If they succeed, the BTC/GBP pair could start its journey towards the all-time high at £41,795. A breakout of this resistance could start the next leg of the up-move towards £50,000. CRYPTOCURRENCY TECHNICAL ANALYSIS – HOW TO TRADE BTC/GBP However, the flat moving averages and the RSI just above the midpoint suggest a few days of range-bound action. While the support is defined, the Bitcoin price GBP is yet to confirm the resistance level. If the pair forms a range, traders may wait for the Bitcoin price GBP to dip to £31,000 before buying. The stop-loss for this trade could be kept just below the 50-day SMA because a break below this support will indicate a possible change in trend. If the 50-day SMA breaks down, the decline could extend to £27,733.84 and then to £21,000.  
BITCOIN PRICE GBP – HOW TO TRADE BTC/GBP 23RD FEBRUARY 2021
Bitcoin price GBP as we had mentioned in our previous analysis, Bitcoin hit our first target objective at £40,872 on February 21. However, after this technical level was reached, profit-booking set in on February 22, which pulled the price down to the 20-day EMA. The long tail on the day’s candlestick shows that the bulls purchased the dip aggressively. The buyers will now have to drive the price above £41,795 to resume the uptrend.   CRYPTOCURRENCY TECHNICAL ANALYSIS – HOW TO TRADE BTC/GBP However, the bears are unlikely to give up without a fight. They are currently again trying to sink the Bitcoin price GBP below the 20-day EMA. If they succeed, then it could lead to long liquidation as the aggressive bulls who purchased on February 22 may be forced to cover their positions. The next support on the downside is £30,936 and then the 50-day SMA. The bulls may try to arrest the decline in this zone. If they are able to do that, the Bitcoin price GBP may remain range-bound for a few days. On the other hand, if the bears sink the Bitcoin price GBP below the 50-day SMA, the pair could enter a deeper correction and decline to £21,000. As the bottom is still not in place, we are not proposing a trade in it.
BITCOIN PRICE GBP – HOW TO TRADE BTC/GBP 16TH FEBRUARY 2021
Bitcoin price GBP has been sustaining above the £30,936 breakout level for the past few days, but the momentum has not picked up. This shows hesitation among traders to buy at higher levels. But the bears have not even been able to pull the price down to £30,936, which suggests that traders are holding their long positions and are not closing them as they expect the uptrend to continue. CRYPTOCURRENCY TECHNICAL ANALYSIS – HOW TO TRADE BTC/GBP Bitcoin Price GBP_Chart The upsloping moving averages and the RSI in the overbought territory suggest the path of least resistance is to the upside. If the bulls can propel the price above £36,000, the next leg of the up-move may begin. The next target on the upside is £40,872 and then £44,424.35. Contrary to this assumption, if the bulls fail to push and sustain the Bitcoin price GBP above £36,000, the short-term traders may book profits and that may pull the price down to the breakout level at £30,936. This is the critical level to watch out for. If the Bitcoin price GBP rebounds off £30,936, the bulls will try to resume the uptrend. On the other hand, if the bears sink the price below the support, the pair may drop to the 50-day SMA and then to £21,000.
BITCOIN PRICE GBP – HOW TO TRADE BTC/GBP 9TH FEBRUARY 2021
Bitcoin price GBP surprised us with the sharp rally in the past few days. It broke and closed above the downtrend line on February 2, which invalidated the bearish descending triangle pattern. The failure of a bearish pattern is a bullish sign as it traps several aggressive bulls who then hurry to close their short positions. The BTC/GBP pair attempted to break above the all-time high on February 6 but failed CRYPTOCURRENCY TECHNICAL ANALYSIS – HOW TO TRADE BTC/GBP However, the positive news flow on February 8 attracted huge buying from the bulls and short covering from the bears who may have opened short positions near the all-time high. The Bitcoin price GBP could now rally to £40,872 and if that level is also crossed the uptrend could reach £44,424.35. However, it is unlikely to be a straight dash to the target objective. The price is likely to turn down and retest the breakout level at £30,936. If the bulls can flip this level to support, it will increase the possibility of the resumption of the uptrend. On the other hand, if the bears sink the Bitcoin price GBP below £30,936, a drop to the 20-day EMA is possible. A strong rebound off this support will suggest that traders continue to buy on dips. However, a break below the 20-day EMA will suggest the bullish momentum has weakened. A short-term buying opportunity may open up if the pair rebounds off £30,936, but the risk is high. Therefore, we are not proposing any fresh long positions for swing traders.
BITCOIN PRICE GBP – HOW TO TRADE BTC/GBP 2ND FEBRUARY 2021
Bitcoin price GBP witnessed frenzied buying on January 29, which pushed the price above the downtrend line, resulting in a short squeeze that drove the price to £28,000. However, the bulls could not hold on to the breakout and the price gave back a large part of its gains and re-entered the triangle on the same day. CRYPTOCURRENCY TECHNICAL ANALYSIS – HOW TO TRADE BTC/GBP The Bitcoin price GBP has been clinging to the downtrend line for the past four days, which is usually a positive sign.  If the bulls can propel and sustain the Bitcoin price GBP above the downtrend line, the pair may again rally to £28,000 and then to £30,000. A break above the £30,936 could resume the uptrend, but we give it a low probability of occurring at this juncture. The 20-day EMA has flattened out and the RSI is near the midpoint, which suggests a few days of range-bound action. The first sign of weakness will be a break below the 50-day SMA. If that happens, the pair could drop to the £21,000 support. This is an important level to watch out for because, if this cracks, a deeper correction could start. We do not find a reliable buy setup and the indicators are also not pointing to a clear advantage to the bulls. Therefore, we are not proposing a trade in it.
BITCOIN PRICE GBP – HOW TO TRADE BTC/GBP 26TH JANUARY 2021

Bitcoin Price GBP, According to our assumption outlined in the previous analysis, the bulls could not push the price above the downtrend line. That led to a sharp fall below the 20-day EMA on January 21 and Bitcoin dropped to the 50-day SMA on January 22. Although the price rebounded off the 50-day SMA, the bulls could not push and sustain the price above the 20-day EMA. This suggests the sentiment has turned bearish and traders are now looking to sell on rallies to strong resistance levels.

BITCOIN PRICE GBP – HOW TO TRADE BTC/GBP 26TH JANUARY 2021 – UPDATED CONTENT

CRYPTOCURRENCY TECHNICAL ANALYSIS – HOW TO TRADE BTC/GBP

The Bitcoin price GBP Doji candlestick pattern with a long wick on January 25 shows the bears sold the minor rally above the 20-day EMA. The bears are currently attempting to sink the price to the £21,000 support. The 20-day EMA has started to slope down and the RSI is trading in the negative territory, suggesting the bears are attempting to make a comeback. If the Bitcoin Price GBP breaks and sustains below £21,000, the BTC/GBP pair will complete a bearish descending triangle pattern. If that happens, the pair could drop to £16,459.75 and then to the pattern target at £11,064. This bearish view will invalidate if the pair turns up from the current levels and breaks above the downtrend line. Such a move could catch the bears off guard and may result in short-covering that could push the Bitcoin Price GBP back to the high at £30,936.

BITCOIN PRICE GBP – HOW TO TRADE BTC/GBP 19TH JANUARY 2021

Bitcoin price GBP has seemingly lost its parabolic momentum but is either poised for another strong run or the expected drop which the industry is poised for. Bitcoin saw a strong dip in the last 11 days, since hitting its most recent all-time high on January 8th. Today, January 19th, the coin struggles to breach a resistance level at £26,300, with each attempt being followed by a rejection of its price.

CRYPTOCURRENCY TECHNICAL ANALYSIS – HOW TO TRADE BTC/GBP Bitcoin Price GBP_BTC

As we had mentioned in the previous analysis, Bitcoin has not resumed its uptrend yet. The bulls are facing selling near the downtrend line but the positive sign is that the buyers are not allowing the price to dip below the 20-day EMA. This suggests demand dries up at higher levels but traders are buying the dips. The upsloping moving averages and the RSI in the positive territory suggest bulls have the upper hand. If the buyers push the price above the downtrend line, the BTC/GBP pair may again attempt to retest the all-time high at £30,936. A breakout and close above this level will signal the resumption of the uptrend. The next target objective on the upside is £38,616. However, we give it a low probability of occurring as we anticipate the bears to mount a stiff resistance in the £29,398 to £30,936 zone. Instead of breaking above the downtrend line, if the bears sink the price below the 20-day EMA, the pair could drop to £24,000 and then to the 50-day SMA at £20,197. Such a deeper correction will suggest the bullish momentum has weakened and the uptrend may not resume in a hurry.

BITCOIN PRICE GBP – HOW TO TRADE BTC/GBP 12TH JANUARY 2021

The Bitcoin price GBP pair features Bitcoin as well as UK’s fiat currency-GBP. As far as Bitcoin is concerned, it remains the leading crypto with nearly 50% market share. However, the crypto is highly volatile, and when it comes to trading the pair, much focus lies on the price movements of the cryptocurrency, which is much higher than that of GBP. Thus, traders who are interested in trading the BTC/GBP pair must first assess the fundamentals of BTC and how it compares with that of the Pound or GBP. In the past few years, GBP has witnessed increased volatility due to uncertainty created by Brexit. Additionally, the currency continues to remain strong due to its historically stable economic and political climate.

In this article, learn more about how Bitcoin Price, GBP price fluctuations affect the pair and how to trade BTC/GBP.

GBP AND BTC- PRIMARY DIFFERENCES

As far as GBP (also referred to as Pound or Sterling) is concerned, its value continues to rise and drop with respect to other traditional or fiat currencies due to macroeconomic factors like economic strength, rates of interest as well as other central bank-related monetary policies and sentiments about future developments. For instance, uncertainty related to Britain’s exit resulted in a massive decline in the pound’s value against its peers like EUR and USD. On the other hand, everything being equal, a hike in the interest rates only strengthens the Pound or GBP. Also, GBP’s volatility varies and is mostly low as well as against other traditional currencies, the same averages close to 0.6percent a day. On the other hand, BTC is highly volatile and records an average daily movement of more than 4%. But BTC is a cryptocurrency that doesn’t belong to any region or country. Thus, the geopolitical and economic factors that affect the price fluctuations of fiat currency have zero impact on Bitcoin. Also, since BTC and other cryptos are relatively new, and still trying to gain the trust of the public, its demand is based on market sentiments, as well as the rates of adoption in the future. For instance, mainstream exchanges that launched Bitcoin futures in 2017 were mainly responsible for driving the bubble or bull run that pushed Bitcoin’s price higher to nearly $20,000 from 1000 dollars earlier during the same year. Similarly, Bitcoin’s value tends to drop when negative information around security, like exchanges getting hacked or cryptos stolen, dampen sentiment.

TRADING BTC/GBP

The BTC/GBP pair is appealing for traders who hold pound denominated accounts. Given that BTC’s volatility is much higher when compared to GBP on a long-term and daily basis, traders looking to trade the pair must focus on the price movements of BTC. Crypto investors must stay abreast with the news related to BTC, such as hard forks. Also, the overall approach of mainstream finance to both crypto and regulation will be crucial for both long-term and intraday trading of BTC/GBP. When holding the pair for the long-term, crypto traders must learn to stay calm when volatility lasts for the short-term. Bitcoin usually drops or rises 10% or higher during a day, or even higher over the week.

CRYPTOCURRENCY TECHNICAL ANALYSIS – HOW TO TRADE BTC/GBP

Bitcoin Price GBP_chart We had projected a target objective of £31,399 in our previous analysis and Bitcoin rose to an intraday high at £30,936 on January 8. We had also mentioned that the RSI is in overbought levels and such markets can turn around quickly. We saw an example of that on January 11 when the BTC/USD pair plummeted below the 20-day EMA and fell to an intraday low at £21,000. The bulls aggressively purchased the lows, which is a positive sign as it shows strong demand at lower levels. If the bulls can build upon yesterday’s recovery, the pair may again gradually attempt to move up to £30,000. However, the possibility of the uptrend resuming is low. The higher levels are likely to attract selling by traders as many may want to book profits. If the pair fails to break out to new highs, the selling is likely to intensify and that could again pull the price back towards £20,000. The pair could remain range-bound for a few days before starting the next trending move. We do not find any reliable setups that offer an attractive trading opportunity.

BITCOIN PRICE GBP – HOW TO TRADE BTC/GBP 5TH JANUARY 2021

Bitcoin has been in a strong uptrend that pushed the RSI deep into overbought territory. This suggests that traders are buying at every higher level due to FOMO. While such a frenzied buying generates quick returns, it is also very risky as the rally can turn around quickly. A sample of that was seen on January 4 when the BTC/GBP pair plummeted to £19,500, a 23.66% correction in a day. As this was the first dip, traders purchased it aggressively, resulting in a strong rebound. This suggests that the uptrend remains intact. However, the long wick on the January 3 candlestick and the long tail on the January 4 candlestick shows traders are booking profits at higher levels and buying on dips. This could keep the pair range-bound for a few days as the bulls and the bears try to dominate proceedings. If the bulls can push the price above £25,543.89, the up-move could resume with the next target objective at £31,399. Contrary to this assumption, if the bears sink the price below the 20-day EMA, a deeper correction to the 50-day SMA could be on the cards. There are no reliable trade setups at current levels. Hence, traders can wait for the consolidation to end and the trending move to begin before initiating fresh positions.

Bitcoin Price GBP News – 05/01/2021

What a start to 2021, Bitcoin holds near all-time highs whilst Ethereum is still surging, market sentiment is very bullish even while profitmaking is ongoing. Top Bitcoin price News today covers reasons why profit taking is ongoing and a stark warning of a possible big dump!

KEY POINTS For BITCOIN PRICE GBP NEWS 

  • Bitcoin on Monday experienced its worst slump since last March 
  • Bitcoin traded below £22,136.07 before getting sustained at the level
  • Market prices jumped again after an announcement from the OCC

After a parabolic rally that went as high as £22,136.07 Bitcoin took a breather Monday to correct at around £21398.20. Analysts say this correction will be short-lived. Many analysts have pointed out the difference between the 2020 rally and the one from 2017. While 2017 was marked by frenzied retail investors hoping to cash out, 2020 saw increased participation from institutional investors.

Extreme: Bitcoin warning as cryptocurrency surges

The world’s most popular cryptocurrency is surging in value, making investors rich overnight – but there’s something you need to know. As the world’s most popular cryptocurrency Bitcoin price surges past $32,000 for the first time, millions are asking whether they should jump on-board and invest. The digital coin has more than quadrupled in value since the start of 2020, with the currency’s total value now past $860 billion. Australian market analyst Kyle Rodda said Bitcoin’s latest surge is “knocking over record high after record high right now” but he brings the price surge down to “a high degree of mania”. He compares the recent uptick to the surge we saw in 2017 before it plummeted again in early 2019

BITCOIN PRICE GBP – HOW TO TRADE BTC/GBP 22ND DECEMBER 2020
          Bitcoin broke above the £14,700 overhead resistance on December 16 and surged to a new all-time high. The failure of the bears to defend the previous high at £15,599 shows aggressive buying by the bulls. The rally even extended the target objective of the break above the ascending triangle at £17,307. The BTC/GBP pair hit £18,000 on December 19 and the bulls tried to extend the up-move on December 20 and 21 but could not sustain the higher levels. This shows that the bears are defending the £18,000 level aggressively. However, the bulls are currently defending £16,694.44, the 38.2% Fibonacci retracement level of the most recent leg of the rally. If the price rebounds off this level, it will suggest that bulls are not closing their positions in a hurry. A break above £18,130 could resume the uptrend with the next target objective at £20,301.23. This level is likely to act as a stiff resistance. Contrary to this assumption, if the bears sink the price below £16,694.44, the correction could deepen to the 20-day EMA and then to £14,700. A strong rebound off this level will suggest that it is the new floor and may give a low-risk buying opportunity to traders.
BITCOIN PRICE GBP – HOW TO TRADE BTC/GBP 15TH DECEMBER 2020
    Bitcoin dipped below the 20-day EMA on December 9, 10, and 11. However, the bears could not capitalise on this weakness and sink the price to the next support at £12,792.47 as we had anticipated. This suggests that the bulls are aggressively defending the 20-day EMA and are buying on any dip below this level. The price has again jumped back to the £14,700 to £15,000 overhead resistance zone. The bears are currently attempting to defend this resistance but the positive thing is that the bulls have not given up much ground. This shows that traders are not closing their positions in a hurry. This increases the possibility of a break above the overhead resistance. If that happens, the BTC/GBP pair will complete an ascending triangle pattern, which has a target objective of £17,307. However, it is unlikely to be a straight dash to the pattern target because the bears will mount a stiff resistance at the all-time high at £15,599. This bullish view will invalidate if the price turns down and breaks below the triangle. If that happens, the pair may drop to the 50-day SMA and then to £12,093.
BITCOIN PRICE GBP – HOW TO TRADE BTC/GBP 8TH DECEMBER 2020

Bitcoin turned down from £14,932 on December 1, which shows that bears are aggressively defending the £15,000 resistance. However, the positive sign is that the bulls are keeping the price above the 20-day EMA. If the BTC/GBP pair consolidates near the £15,000 resistance, it will increase the possibility of a break above it. If the pair breaks above the overhead resistance, it could challenge the all-time high at £15,599. The bears are likely to defend this resistance aggressively, which may result in a short-term correction. The moving averages are sloping up and the RSI is in the positive zone, which suggests that bulls are in command.

This bullish view will be invalidated if the pair turns down and breaks below the 20-day EMA. Such a move could result in a drop to £12,792.47. The bulls are likely to defend this level aggressively. If they succeed, the pair may consolidate in a large range of £12,792.47 to £15,000 for a few days. A break below the support of the range and the 50-day SMA will tilt the advantage in favour of the bears. https://youtu.be/O3HJNc4QC4M

BITCOIN PRICE GBP – HOW TO TRADE BTC/GBP 1ST DECEMBER 2020

We had suggested traders close most of their position on November 24 as we were expecting a correction, and that is what happened on November 25 and 26. Bitcoin plunged to £12,093 on November 26, but the lower levels attracted buying, and the bulls managed to defend the 20-day EMA, as we had forecast in the previous analysis. Repeated failure of the bears to sustain the price below £12,792.47 may have resulted in short-covering by the aggressive bears. The cryptocurrency picked up momentum and hit a high of £14,867 on November 30.

Although Bitcoin price GBP has hit a new all-time high in dollar terms, the BTC/GBP pair is still below its all-time high of £15,599. The bears are currently attempting to stall the uptrend at £15,000. However, if the bulls do not give up much ground, the pair could rise to a new all-time high. The rising moving averages and the RSI near the overbought zone suggest an advantage to the bulls. Nonetheless, if the bears drag the Bitcoin price GBP below £14,000, the pair may remain range-bound for a few days. The trend will turn in favour of the bears if they can sink and sustain the price below the £12,792.47 support. https://www.youtube.com/watch?v=Fyim7YRPTwI

Bitcoin Price GBP News – 1st decemeber 2020

With the current bull run kicking into full swing there are many key figures in the space coming out with price predictions. The notable Winklevoss twins say Bitcoin will soar to $500,000 within the next decade and surpass gold as a store of value.  Bitcoin hit an all-time high yesterday as it surged more than 170% since the start of 2020. It touched an all-time peak of $19,864.15, breaking its prior record set in 2017. 

Debate On Wallstreet Bitcoin vs Gold 

Bitcoin has not only hit record highs as billions of institutional dollars have fled gold. But the debate is now heating up on whether the world’s largest digital currency can one-day rival bullion as an inflation hedge and portfolio diversifier. Bitcoin’s market capitalization is currently only 3.1% the size of gold, according to James Butterfill, investment strategist at CoinShares, which sells investments in digital currencies. If that increased to 5%, it would imply a price of $31,300 compared to around $19,500 currently, he estimated. https://www.bloomberg.com/news/articles/2020-12-01/the-hottest-debate-on-wall-street-is-buying-bitcoin-over-gold

Coinbase Brokered MicroStrategy’s $425M Bitcoin Purchase 

U.S. cryptocurrency platform Coinbase facilitated MicroStrategy’s $425 million bitcoin buy earlier this year. In an announcement Tuesday, both companies revealed that MicroStrategy’s initial $250 million investment, which occurred over five days in August, came via Coinbase Prime, the exchange’s crypto brokerage arm formed following the acquisition of Tagomi in May. That was followed up in September by a further $175 million investment from the Virginia-based business intelligence firm, bringing MicroStrategy’s total investment to $425 million in bitcoin (BTC, +0.29%). MicroStrategy became the first publicly-traded company to acquire a large chunk of bitcoin to hold on its balance sheet as a primary treasury reserve asset.

BITCOIN PRICE GBP – HOW TO TRADE BTC/GBP 24TH NOVEMBER 2020

Although the Bitcoin price GBP is faced stiff overhead resistance at £12,792.47, the bulls pushed the price above it easily and Bitcoin rallied to a high of £14,284 on November 21. The price formed a Doji candlestick pattern on that day, which suggests that the uptrend could be tiring out. The bears tried to pull the price down to the breakout level of £12,185.70 on November 22 but the bulls purchased the dip to £13,277, which formed a long tail on the candlestick. However, subsequently, the bulls have not been able to resume the uptrend, which shows hesitation to buy at higher levels. The BTC/GBP pair again formed a Doji candlestick pattern on November 23. This increases the possibility of a correction.

Bitcoin Price GBP_BTC

Therefore, traders can book profits at the current levels and keep only a marginal position open because if the bulls can push the price above £14,284, the pair could retest the all-time high at £15,599. If a correction starts, the first support is at £12,792.47. The 20-day EMA is also placed just below this level, hence it is likely to act as strong support. If the price rebounds off this level, the bulls will again try to resume the uptrend. However, if the 20-day EMA cracks, the correction could deepen further. https://www.youtube.com/watch?v=eUH6qjT6iBY

Bitcoin Price GBP News – 17th November 

How and where can I buy bitcoin from Britain?

It’s great to see Bitcoin is quickly closing in on all-time high, with the price of the cryptocurrency surging since September and now at more than £13,791 a coin. Bitcoin price GBP has seen many investors tempted to buy some bitcoin, even though it looks like a speculative boom, but even experts who back the cryptocurrency say it should only be a small part of a portfolio and people must realise it is high risk. When the GBP price boomed in late 2017, the number of established exchanges were few and far between, meaning those buying it faced a Wild West of providers if they wanted to buy-in. Now with options like Coinbase, PayPal, Binance, Kraken, Bittrex and Bitfinex and many other easy access onramps things could not be more positive.  Smaller digital coins soar as bitcoin powers on towards record high Digital currencies Ethereum and XRP soared on Monday, gaining momentum as the bitcoin price GBP powered on towards a possible all-time high. Ethereum, the second-largest cryptocurrency by market capitalisation after bitcoin, jumped 7% to its highest since June 2018, taking its gains to more than 25% over the last three days alone with the DEFI Craze ongoing and still a large part of the industry I cant see this going away any time soon. Ethereum, which often moves in tandem with bitcoin price, has been boosted by growing demand ahead of an upgrade to its blockchain network – due in early December – that is widely expected to make it quicker and more secure. We know from experience that Bitcoin Pice GBP when cooling off ina bull run capitalisation seems to firtly flood to major cap coins then mid cap adn icro cap so keep watching to see the money flow trickle through the industry. 

BITCOIN PRICE GBP – HOW TO TRADE BTC/GBP 17TH NOVEMBER 2020

The bulls pushed Bitcoin above the £12,185.70 resistance on November 12 and the price has currently reached the stiff overhead resistance at £12,792.47. The bears are likely to defend this resistance aggressively. However, if the bulls do not give up much ground from the current levels, the Bitcoin price GBP could make one more attempt to clear the overhead hurdle. If successful, the pair could start its journey towards the all-time highs at £15,599. Both moving averages are sloping up and the RSI is in the overbought zone, which suggests that the bulls are in command. The only negative development on the chart is the possible bearish divergence that is forming on the RSI. Although this is a warning sign, in strong uptrends, it gets invalidated.

Therefore, unless the Bitcoin price GBP turns down from the current levels and breaks below the immediate support at £11,950, the trend remains in favour of the bulls. The first sign of weakness will be a break below the 20-day EMA. Such a move will suggest that bears have overpowered the bulls who were waiting to buy the dips. The next support on the downside is £10,983.87. Traders who have been trailing their stops below the 20-day EMA can tighten their stops further to protect their paper profits. https://www.youtube.com/watch?v=oNjZwGWIEpw

Bitcoin Price GBP News – 17th November 

BTC Price Could Hit $318,000 By 2021 – Citibank

Citibank analysts argue that Bitcoin’s price movement is reminiscent of gold in the 1970s, which means the benchmark cryptocurrency could target a $318,000 price point by December 2021. With this extremely bullish sentiment, the market capitalisation of the crypto space would need to grow substantially but with the current positive sentiment on the rise and institutions being the major factor under the recent bull run this could be a major possibility.

$30 Million Of BTC Move After Being Dormant For A Decade

Bitcoin’s price rise above $16,000 closer to its all-time high near $20,000. As the price of the cryptocurrency rises, more and more BTC that had been dormant since 2010 has been moving. This week a total of $30 million worth of BTC moved across a series of transactions. The move marked the fourth time BTC from the so-called Satoshi-era moved. The funds were moved from wallets containing 50 BTC each, which means they came from a miner who found blocks back in 2010, as the reward for finding a BTC block back then was 50 coins per block.

Gold Lags Far Behind Bitcoin As BTC Attention Grows

Bitcoin has risen over 22% to cross $17,000 this month, the precious metal is up just 0.5% at the current price of $1,890 per ounce. Demand for traditional haven assets such as gold has declined this month as two Big Pharma firms, Pfizer and Moderna, announced positive results for their experimental coronavirus vaccines. The resulting speculation that the global economy may well return to normality as soon as the second half of 2021 has triggered a rotation of money out of defensive assets and into risk assets, according to an outlook from Ole Hansen, head of the commodity strategy at Saxo Bank.

BITCOIN PRICE GBP – HOW TO TRADE BTC/GBP 10TH NOVEMBER 2020

Bitcoin soared above the £10,983.87 resistance on November 5. Though we were not certain of this move, as the trend was bullish, we had proposed traders to keep partial long positions open purchased at much lower levels. The BTC/GBP pair rallied to an intraday high of £12,185.70 on November 6. The bears attempted to fake this breakout by dragging the price below the £10,983.87 support. However, lower levels attracted strong buying by the bulls, which shows accumulation on dips. The rebound off £10,983.87 again carried the price to £12,048 on November 9. If the bulls do not give up much ground from the current levels, another attempt to break above £12,185.70 is likely. If the buyers can pull it off, the pair can rally to £12,792.47 and then to the all-time highs at £15,599. The upsloping moving averages and the RSI near the overbought zone suggest that bulls are in control. Contrary to this assumption, if the price turns down from the current levels and breaks below the 20-day EMA, it will signal an advantage to the bears. Traders can book profits on the remaining long position if the bulls fail to push the price above £12,185.70 during the next attempt. Until then, the stops could be trailed below the 20-day EMA.  https://www.youtube.com/watch?v=iLivzGTB28Y

Bitcoin Price GBP News 

COVID 19 Vaccine Pushes BTC Price Down 

The Bitcoin price GBP and gold decreased on Monday amid promising news about a COVID-19 vaccine. Bitcoin price GBP went as high as £11,788 but it soon dropped approximately £200, touching £115,60 before closing.  With Bitcoin currently hovering at around £11,500 analysts expect the benchmark cryptocurrency to not be impacted by the vaccine news in the long-term. It has already stayed above £10,000 in four of the last five days. 

Bill Miller Reveals ‘Strong’ Bitcoin Recommendation Despite Massive Price Surge

Bitcoin has had a staggering increase of 35% over the last month and muscling back into a bull run that the whole industry is waiting for. The bitcoin price fell to under $4,000 per bitcoin in March as the coronavirus pandemic sparked panic among investors Bitcoin has seen a steady progress pushing higher lows and in turn higher highs. This has been aided by endorsements from high-profile investors and Wall Street giants helped bitcoin make a stunning rebound, hitting $15,000 per bitcoin last week.

BITCOIN PRICE GBP – HOW TO TRADE BTC/GBP 3RD NOVEMBER 2020

Bitcoin Price GBP: Bitcoin reached a high of £10,888 on October 31, which was close to our target objective of £10,983.87. This was a good place where traders could have booked partial profits by holding a small position with a stop below the 20-day EMA. Currently, the bears are attempting to pull the price down to the 20-day EMA. However, both moving averages are sloping up and the RSI is in the positive territory, which suggests that bulls are in control. In an uptrend, the bulls usually buy on dips to the 20-day EMA. Hence, we anticipate a rebound off this support. If the bulls can build up momentum after the next bounce and push the price above £10,983.87, it will indicate the resumption of the uptrend. However, the RSI is showing early signs of forming a bearish divergence, which warrants caution. If bears can sink the BTC/GBP pair below the 20-day EMA, a drop to £9,571.93, and then to the 50-day SMA is possible. A strong rebound off the 20-day EMA could offer a buying opportunity to the aggressive traders with a close stop-loss.

Bitcoin Price GBP News

Bitcoin Price May Hit $1M and Top Gold’s Market cap

Influential investor Raoul Pal says the best trade he’s ever found is bitcoin (BTC-USD), which he’s described as “a call option on the future” and “the world’s most pristine reserve asset.” Pal, a Goldman Sachs alum, previously co-managed GLG’s global macro fund, one of the world’s largest. Since retiring back in 2004, he now authors a research letter, The Global Macro Investor (GMI), which is read by some of the most influential hedge funds, asset managers, and sovereign wealth funds. In Pal’s view, bitcoin “plays a role as the world’s most pristine reserve asset” for individuals, corporations, pension funds. “It’s an incredible asset. It’s the only one with a limited supply with growing demand. It’s an extraordinary thing,” he said

Bitcoin Price GBP Retreats Before US Election After Dominating Crypto in October

Tuesday’s presidential election in the U.S. “is going to be the driving force for global markets,” Matt Blom, head of sales and trading for the cryptocurrency-exchange owner Diginex.  Analysts have warned that markets could see extreme volatility if the election results are murky, and the Federal Reserve has a regularly scheduled meeting just days afterwards.  However, the move above the June 2019 high of $13,880 was short-lived. The cryptocurrency’s inability to secure a foothold in the wake of overbought readings on technical indicators seems to have disappointed chart traders and could be fueling the price pullback.  According to some analysts, the failed breakout, coupled with continued instability in traditional markets, could lead to a bigger bitcoin price drop in the short-term. 

BITCOIN PRICE GBP – HOW TO TRADE BTC/GBP 27TH OCTOBER 2020
The Bitcoin price GBP which we had suggested traders to book partial profits in the £9,400-£9,571.93 zone as we had expected stiff resistance from the bears. However, the news-based rally on October 21 easily rose above the resistance. Both moving averages are sloping up and the RSI is in the overbought zone, which suggests that bulls are in control. Although the overbought levels on the RSI suggest that the markets are overheated in the short-term, the bears have not even been able to sink the price to the breakout level of £9,571.93. This suggests that the bulls are buying on every minor dip. A tight consolidation after a sharp up-move suggests that the bulls are in no hurry to book profits. Hence, it increases the possibility of a resumption of the uptrend. If the bulls can push the Bitcoin price GBP above the £10,100 to £10,246 resistance, the uptrend can reach £10,500 and then £10,983.87. However, the crypto markets are known to turn around in a jiffy. Therefore, traders who are long from our earlier recommendation can trail the stops on 40% of their position at £9,840. The stops on the remaining position can be kept just below the 20-day EMA and trailed higher as the moving average moves up. Our bullish assumption will be invalidated if the BTC/GBP pair turns down from the current levels and plummets below the 20-day EMA. Such a move could drag the price down to the 50-day SMA at £8,650.
BITCOIN PRICE GBP – HOW TO TRADE BTC/GBP 20TH OCTOBER 2020

The bears could not drag Bitcoin back below the critical support at £8,648 last week. This shows that the previous resistance has now become a strong support and the bulls have been accumulating on dips to this level. The BTC/GBP pair resumed its up-move on October 19 when the bulls pushed the price above £8,999. The 20-day EMA is sloping up and the RSI is close to the overbought zone, which shows that the bulls are in command. If the bulls can sustain the price above £9,084, the pair could attempt to rise above the 52-week highs at £9,571.93. If they succeed, the next target to watch out for is £10,983.87. Contrary to this assumption, if the bulls fail to sustain the price above £9,084, the pair could again drop to the 20-day EMA. The trend will shift in favour of the bears if they can sink the price below £8,648. Traders who are holding long positions from our earlier recommendation can trail the stop-loss to £8,600. Partial profits can be booked in the £9,400-£9,571.93 zone as the bears are likely to defend this zone aggressively. However, we are not suggesting to book complete profits because, if the bulls can push the price to new 52-week highs, the uptrend could resume. Hence, traders can keep a small position with a trailing stop-loss to benefit from the move, if it happens.

Bitcoin Price GBP News 

Former Goldman Sachs Hedge Fund Chief Has Predicted Bitcoin Will Surge To $1 Million 

It’s clear to see that Bitcoin has found fresh support this year, bolstered by growing disquiet among investors over the central banks and government stimulus measures. Covid 19 and other international factors have created the rhetoric of overzealous stimulus measure and brought to light the possible failings of current monetary policy.  Although the headline is a former Goldman Sachs hedge fund chief predicts a very high Bitcoin Price it’s clear we are a long way from this currently. 

Bitcoin trading dominance hits 2017-levels not seen since $20,000 BTC

The cryptocurrency market has gone through multiple shifts over the past few years it seems it has however moved back to favouring Bitcoin dominance after the so-called DeFi pump!   While market cap dominance remains below 60%, earlier this month, the trading dominance of BTC has spiked to levels not seen since 2017 when the price hit an all-time high at $20,000.

BITCOIN PRICE GBP – HOW TO TRADE BTC/GBP 13TH OCTOBER 2020

Bitcoin Price GBP – 13th October 2020

Bitcoin surged above the moving averages on October 8 and broke above the symmetrical triangle on October 9. This was followed by another sharp move on October 10 that pushed the price above the overhead resistance at £8,648. The BTC/GBP pair rallied to an intraday high of £8,968, which is just below £9,156, the pattern target of the break from the triangle. The 20-day EMA is sloping up and the RSI has risen above 63, which suggests that the bulls are in command. If the bulls can push the price above £9,156, the next level to watch out for is £9,571.93. Therefore, traders can trail the stops higher to £8,150. Partial profits can be booked if the bulls struggle to push the price above £9,156. However, if the bulls drive the price above this level within the next few days, the positions can be held with a close stop-loss. About 80% of the profits can be booked between £9,400-£9,571.93. This bullish view will be invalidated if the bears drag the price back below £8,648. If that happens, it will suggest a lack of buyers at higher levels. A break below the 20-day EMA will shift the advantage in favour of the bears.

BITCOIN PRICE GBP – HOW TO TRADE BTC/GBP 6TH OCTOBER 2020

The bulls attempted to push Bitcoin price GBP above the 50-day SMA on October 1 but failed. This attracted profit booking that dragged the price down to £8058 on October 2. However, the bulls purchased this dip aggressively, as seen from the long tails on the candlesticks. The price action of the past few days has formed a symmetrical triangle, which shows indecision among the bulls and the bears. Currently, the buyers are again trying to push the price above the 20-day EMA. If they succeed, the BTC/GBP can move up to the resistance line of the triangle. A breakout of the triangle will be a positive sign, and the pattern target of this setup is £9,156. The bears could mount a stiff resistance at £8,648, but we expect this level to be crossed. Contrary to this assumption, if the pair turns down from the current levels and breaks below the triangle, a drop to £7,980 is possible. A breakdown of this support could result in a decline to £7,451. Therefore, traders who are holding long positions from our earlier recommendation can continue to keep the stop-loss at £7,900. This stop can be trailed higher after the bulls push the price above the triangle.

Bitcoin Price GBP Recent News 

Bitcoin Price Volatility Hits 2-Year Low, Dropped 43% In Past Month

Bitcoin has dropped to its lowest 180-day volatility, a record 23-month low and a 43% drop in the last thirty days. Highlight a certain level of maturity and a new level of stability not seen for some time in the crypto space. Despite Macro factors impacting intraday prices has seen somewhat unfazed but the current major impacting news, COVID, USA election

Bloomberg: Bitcoin ‘has had a tendency of adding zeroes to its price’

Many public figures are joining the positive bandwagon that is the bitcoin bullish group but having Bloomberg mention “has had a tendency of adding zeroes to its price,” is a great sign and again bring Bitcoin to the forefront. 

Every single Bitcoin product banned in the UK as regulators crackdown on crypto

With all the recent bearish new it seems the UK regulators are having a crackdown. They can’t stop you buying Bitcoin or other cryptocurrencies, but they can ban almost anything based on its price being sold to people in the UK by firms operating here. The FCA are stopping the sale of derivatives and exchange-traded notes (ETNs) referencing certain types of crypto assets.

BITCOIN PRICE GBP – HOW TO TRADE BTC/GBP 29TH SEPTEMBER 2020

Bitcoin Price GBP is currently range-bound between £7,980 and £8,648. The bulls purchased the dip to the £7,980 support on September 23, which suggests accumulation at lower levels. However, the bears are unlikely to give up without a fight as they are selling on rallies to £8,648. Both moving averages have flattened out, and the RSI is close to the midpoint, which suggests a balance between demand and supply. The advantage will shift in favour of the bulls if they can push the Bitcoin Price GBP above £8,648, but if the BTC/GBP pair turns down and breaks below £7,980, it will signal that the bears have the upper hand. Therefore, traders should avoid buying below this support until a new buy setup forms. Traders who purchased on a break above the downtrend line, as suggested in the previous analysis, can keep the stop-loss at £7,970. If the bulls again struggle to clear the hurdle at £8,648, traders can book partial profits and raise the stops on the rest of the position at breakeven. During the next try, if the bulls can push the price above £8,648, a rally to £9,000 and above it to £9,571.93 is possible.

Top Bitcoin Price GBP News – Septemeber 29th 2020 

Bitcoin and Ethereum: ETH Charges more Fees then BTC so far in 2020 The continued hype interest in the DeFi space has in not only helped the overall rally of cryptos this year but ut also have aided in Ethereums growth so much so that the network has surpassed Bitcoins total transaction fees for 2020.  Major Bitcoin Indicators have just Flipped to a bullish stance  It has recently been reported that Bitcoin needs history to repeat itself to see significant price rises. Bitcoins difficulty Ribbon also known as Moving averages has seen the ribbon compressed and has broken out of its buy zone.  Blockchain/Bitcoin and Twitter CEO Announcement Rally The Bulls  Jack Dorsey Twitter CEO who is known for his bullish sentiment on cryptocurrency and Bitcoin has recently stated in Oslo Freedom Forum that Bitcoin and blockchain technology are the future of twitter and he believes that Bitcoin has the potential to be the sole world’s currency by 2030. Taking these statements at face value maybe to some seem far fetched but just having such a well down individual be a strong proponent of blockchain and bitcoin can only spark more energy into the Bulls. 

BITCOIN PRICE GBP – HOW TO TRADE BTC/GBP 22ND SEPTEMBER 2020
Bitcoin Price GBP bulls broke above the downtrend line on September 16 but could not clear the hurdle at the 50-day SMA. This attracted selling and Bitcoin Price plunged on September 21, falling to an intraday low of £8,053. Currently, the bulls are attempting to push the Bitcoin Price GBP back above the downtrend line. If they succeed, the Bitcoin Price GBP pair could again move up to the 50-day SMA.
Bitcoin Price GBP_Main

Bitcoin price Bulls Will They Push The Price Back up A breakout of this resistance will suggest that the correction might be over. This could offer a buying opportunity with a target objective of £9,571.93. Bitcoin Price GBP_Chart However, if the pair turns down from the 20-day EMA, it will be a huge negative as it will suggest that the sentiment remains negative and the bears are viewing a pullback to this resistance as a selling opportunity. If the bears sink the Bitcoin Price GBP  below £8,000, a drop to £7,451 and then to £7,200 is possible. Currently, the 20-day EMA has started to slope down and the RSI has dipped into the negative territory, which suggests that the bears have the upper hand. Buying on the way down without the confirmation of a bottom can quickly turn the trade into a loss, therefore, traders should be careful while buying in a downtrend. However, if the pair rebounds sharply from £7,451, it will suggest that the bulls are accumulating at lower levels. Hence, traders can buy about 40% of their desired position size if the bounce sustains. The stop-loss for this trade can be kept at £7,400

BITCOIN PRICE GBP – HOW TO TRADE BTC/GBP 15TH SEPTEMBER 2020

BITCOIN PRICE – 15th September Updated Content

Bitcoin price GBP could never really challenge the £7,451 support in the past few days, which shows accumulation by the bulls at lower levels. Bitcoin reached the £8,217 resistance on September 12 and finally broke out of it on September 14. This move also cleared the 20-day EMA resistance, which is a positive sign. Usually, the 20-day EMA acts as a strong resistance but the failure of the bears to defend it aggressively suggests that the correction might be over.

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BITCOIN PRICE HOW TO TRADE BTC/GBP
However, the bears are likely to make another attempt to stall the relief rally at the downtrend line. If the price reverses direction from this resistance and breaks below £8,000, it will increase the possibility of a fall to £7,600.

Bitcoin Price GBP_chart On the other hand, if the bulls can arrest the next decline above £8,000, it could offer a buying opportunity for the positional trader who can keep the stop-loss at £7,450. A break above the downtrend line will signal the possible end of the downtrend. Above this level, a move to £9,000 and then to £9,300 is possible. This bullish view will be invalidated if the BTC/GBP pair plummets below £7,451. Such a move will be a huge negative and can result in panic selling. Therefore, traders should avoid bottom fishing if the price sustains below £8,000.

BITCOIN PRICE GBP – HOW TO TRADE BTC/GBP 8TH SEPTEMBER 2020
BITCOIN PRICE – September 8th Content We had mentioned in the previous article that Bitcoin price GBP will face resistance at £9,050 and that is what happened. Bitcoin turned down from £9,030.85 and broke below the critical support at £8,217 on September 3. This sent the Bitcoin price crashing below the neckline of the inverse head and shoulders pattern, which is a huge negative. The failure of a bullish setup is a bearish sign. Currently, the Bitcoin price GBP is stuck in a tight range of £7,451-£8,030.04. If the bulls do not push the Bitcoin price GBP back above the £8,030.04-£8,217 resistance zone quickly, the bears will try to resume the decline. The 20-day EMA is sloping down and the RSI has been trading below the 40 levels for the past few days, which suggests that bears are in command. Any relief rally is likely to face stiff resistance at the 20-day EMA. If the Bitcoin price GBP turns down from either resistance or from current levels, the bears will try to sink the pair below £7,200. If they succeed, selling is likely to intensify, with the next target at £6,608. However, if the bulls defend the £7,200 support, the pair could rise to £8,217 and remain range-bound between these two levels for a few more days. The Bitcoin price GBP will show strength after the bulls can scale the Bitcoin price GBP above £8,217 and sustain it for three days. We suggest traders wait for the Bitcoin price GBP to find a bottom before investing. Until then, it is best to remain on the sidelines.
BITCOIN PRICE GBP – HOW TO TRADE BTC/GBP 1ST SEPTEMBER 2020

BITCOIN PRICE GBP – September 1st Content

Bitcoin price GBP plunged below the 20-day EMA on August 25, which was a huge negative as this was the first decisive close (UTC time) below this level since July 21. Although the Bitcoin stayed below the 20-day EMA from August 25-30, the bears could not intensify the selling and sink the price to the critical support at £8,217. This attracted buying from the aggressive bulls who then pushed the Bitcoin price GBP back above the 20-day EMA on August 31. The bulls might hit a wall at £9,050 but if this level is scaled, a move to the £9,300-£9,571.93 resistance zone is possible. However, the 20-day EMA is flat and the RSI is just above the midpoint, which suggests a balance between supply and demand. Bitcoin Price GBP_C1 If the Bitcoin price GBP turns down from either overhead resistance, the Bitcoin price GBP pair could remain range-bound for a few more days. A break below the £8,217 support will signal advantage to the bears with the next target objective at £7,200. Usually, the price action inside the range is volatile and difficult to predict. Hence, traders should wait for the price to drop to the support or break out of the range before establishing long positions.

BITCOIN PRICE GBP – HOW TO TRADE BTC/GBP 25TH AUGUST 2020

August 25th Content

Bitcoin dipped back below the £9,300 support on August 18, which shows a lack of buyers at higher levels. The bulls have been attempting to defend the 20-day EMA for the past few days but the failure to achieve a strong rebound suggests that the buyers are not confident that the correction has ended. If the Bitcoin price GBP sustains below the 20-day EMA, a drop to £8,525 and then to £8,217 is possible. If the Bitcoin price GBP pair rebounds off this support, then a few days of range-bound action is possible. A strong rebound off this support could offer an opportunity for the traders to initiate long positions with the stops placed just below the support. BTCGBP However, traders should wait for the Bitcoin price GBP to rebound off the support before buying, rather than buying on the way down. As range trading can be volatile, we suggest traders buy only 50% of the desired position size. The flat 20-day EMA and the RSI close to the midpoint suggests a few days of range-bound action. Contrary to this assumption, if the bears sink the Bitcoin price GBP below £8,217, the trend will turn in favour of the bears and could result in a deeper decline to £7,200 levels. On the upside, the Bitcoin price GBP will pick up momentum above the £9,300 to £9,571.93 resistance zone.

BITCOIN PRICE GBP – HOW TO TRADE BTC/GBP 17TH AUGUST 2020

HOW TO TRADE BTC/GBP AUGUST 17 2020

Bitcoin price remains in a strong uptrend. It broke above the overhead resistance of £9,300 on August 17, which completed the ascending triangle pattern. This bullish setup has a target objective of £10,423. Above this level, the rally can extend to £10,983.87, which is the intraday high made on June 26. As the DeFi and yield farming craze continues to entertain the cryptocurrency industry, Chief revenue officer of CoinShares, Frank Spiteri, said that Bitcoin and other digital assets continue to “fascinate and intrigue” investors, as the global investment environment has changed and the need for alternative stores of value has risen. However, the bears are unlikely to give up easily. They will try to stall the rally at £9,046.48 and again at £10,100 but both these Bitcoin price GBP levels are likely to be crossed. The upsloping moving averages and the RSI close to the overbought zone suggest that the path of least resistance is to the upside. Currently, the bears are attempting to pulldown the price back below the breakout level of £9,300. If they succeed, the Bitcoin price GBP pair could drop to the 20-day EMA. This is an important level to watch out for because the bulls usually defend this support aggressively in an uptrend. A strong bounce off this support will be a positive sign as the bulls will attempt to resume the uptrend by pushing the price above £9,571.93. However, a break below the 20-day EMA will signal that the momentum has weakened, which could result in a drop to £8,217.

BITCOIN PRICE GBP – HOW TO TRADE BTC/GBP 7TH AUGUST 2020

Bitcoin Price GBP – How To Trade BTC/GBP August 07 2020

The Bitcoin broke out of a bullish inverse head and shoulders pattern on July 27. This setup has a target objective of 13,302. However, it is unlikely to be a straight dash to the target objective because, the bears will mount a stiff resistance at £9,000, £10,000, and again at £11,000 (marked via ellipses on the chart).

Bitcoin Price GBP_Chart On August 2, the buyers pushed the price above £9,000 but could not sustain the higher levels. This led to profit booking by the short-term bulls, that dragged the price down to the neckline of the inverse H&S pattern.

Bitcoin Bulls Buying The Dip

However, the positive thing is that the bulls purchased this dip aggressively, which shows that the sentiment is to buy on weakness especially when looking at the Bitcoin price GBP. Currently, the bears are attempting to stall the recovery at £8,800 level, but if the bulls can scale this resistance, a retest of £9,300 is possible. A breakout of this resistance will signal resumption of the uptrend. On the other hand, if the Bitcoin price GBP pair again turns down from the overhead resistance, then a few days of range-bound trading between £8,166-£9,300 is possible. The 20-day EMA is sloping up and the RSI remains in the positive territory, suggesting an advantage to the bulls. Traders can look to buy the dips as long as the pair sustains above the 20-day EMA. A Bitcoin price GBP break below the 20-day EMA will be the first sign of weakness. The bears are likely to gain an upper hand if the price dips and sustains below £8,166. Such a move will hurt sentiment and could result in a deeper correction.

Hopefully, you have enjoyed today’s article. Thanks for reading! Have a fantastic day! Live from the Platinum Crypto Trading Floor.

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