Best crypto insights delivered straight to your inbox.
Bitcoin price flash jump to $10500 in less than 10 minutes
bitcoin price 25 august 2019
Bitcoin price has been stagnant, but as expected from each weekend this one is no exception as Bitcoin price jumps right before the new week in the United States.
Bitcoin price jumped from near ten thousand dollars ($10,000) mark to the whopping ten thousand six hundred and forty-six in a matter of minutes right after midnight on the Greenwich Meantime (GMT) time zone.
However, the weekend is still not over in the United States it seems that the bullish divergence predicted a few hours ago has come into play to give a last push to the Bitcoin price before the week comes to an end.
Bitcoin price bullish divergence
Cryptocurrency analyst and expert trader BitFink had predicted that the BTC price is looking strong. He expected it to stay above the ten thousand dollars ($10,000) mark due to the bullish divergences showing up on the exponential moving average (EMA).
The prediction confirmed itself a few hours before midnight in the Eastern Time Zone (EST) when Bitcoin price jumped by almost five hundred dollars ($500) in a matter of minutes.
On the other hand, Bitcoin traders are analysts are also worried about the thinning control over the major chunks of the cryptocurrency in circulation falling under fewer hands every passing day.
Only today, a research report revealed that less than five thousand (4652) Bitcoin wallet addresses are controlling fifty percent (50%) of the cryptocurrency in circulation.
At the time of writing, the BTC price stands at ten thousand four hundred and forty dollars ($10440). It appears that Bitcoin traders have managed to keep the king of the cryptocurrency soaring above the ten thousand dollars ($10,000) mark for another week.
If you're reading this, you’re already ahead. Stay there with our newsletter.
Saad B. Murtaza
Journalist, Writer, Editor, Researcher, and Strategist with over 10 years of experience in the digital, print and public relations industries, Saad has been working with the mantra, Creativity, Quality and Punctuality. In his waning years promises to build a self-sustaining institute that provides free education. Carrying a diverse portfolio he has studied and written on topics related to cyber crimes, scams, blockchain, and cryptocurrencies.
CRASH COURSE
- Which cryptocurrencies can make you money
- How to boost your security with a wallet (and which ones are actually worth using)
- Little-known investment strategies that the pros use
- How to get started investing in crypto (which exchanges to use, the best crypto to buy etc)