--- title: Bitcoin Blog | Bitcoin Trading | itBit | Bitcoin Market Reports description: Bitcoin Market Reports | itBit Trading Blog offers bitcoin trading research and price analysis to help traders make informed decisions. --- [![itBit](https://insights.paxos.com/hubfs/itBit-Careers-Square.svg)](https://www.itbit.com/) [![itBit](https://insights.paxos.com/hubfs/itBit-Careers-Long.svg)](https://www.itbit.com/) [OPEN TRADING ACCOUNT](https://exchange.itbit.com/signup) [SUPPORT](https://www.itbit.com/contactus) [LOGIN](https://exchange.itbit.com/login) - [Exchange](https://www.itbit.com/exchange) - [OTC Trading](https://www.itbit.com/otc) - [Market Data](https://exchange.itbit.com/markets) - [Blog](https://www.itbit.com/blog) - [Exchange](https://www.itbit.com/exchange) - [OTC Trading](https://www.itbit.com/otc) - [Market Data](https://exchange.itbit.com/markets) - [Blog](https://www.itbit.com/blog) # [ITBIT NEWS & BLOG](https://www.itbit.com/blog) ## [itBit Bitcoin Market Report: August 2016](https://insights.paxos.com/blog/itbit-bitcoin-market-report-august-2016) August 9, 2016 at 12:00 PM | [itBit](https://insights.paxos.com/blog/author/itbit) It has been an eventful five weeks for the bitcoin and digital asset markets.   Following the bitcoin halving event on July 9th, the price of bitcoin stabilized in the mid-600 range and remained there through most of July. Then on August 2nd, the massive Bitfinex hack which saw roughly 120,000 XBT... [**READ MORE**](https://insights.paxos.com/blog/itbit-bitcoin-market-report-august-2016) [![](https://insights.paxos.com/hubfs/itBit_Gated_Content/BLOG-TW-itBit-Bitcoin-Market-Report-August-2016.jpg)](https://insights.paxos.com/blog/itbit-bitcoin-market-report-august-2016) ## [Bitcoin Breaks Above $700 as Price Run Continues](https://insights.paxos.com/blog/bitcoin-breaks-above-700-as-price-run-continues) June 20, 2016 at 3:30 PM | [Elizabeth Hamilton, itBit Director of Trading](https://insights.paxos.com/blog/author/elizabeth-hamilton-itbit-director-of-trading) Bitcoin continued its incredible run last week, surging another roughly 10% to close around $740. The price has now jumped over 65% since late-May.  [**READ MORE**](https://insights.paxos.com/blog/bitcoin-breaks-above-700-as-price-run-continues) [![](https://insights.paxos.com/hubfs/_Bitcoin_Price_Outlook/Blog-TW-Bitcoin-Breaks-above-700.png)](https://insights.paxos.com/blog/bitcoin-breaks-above-700-as-price-run-continues) ## [itBit Bitcoin Market Report: June 2016](https://insights.paxos.com/blog/itbit-bitcoin-market-report-june-2016) June 10, 2016 at 3:00 PM | [itBit](https://insights.paxos.com/blog/author/itbit) The bitcoin price rose 20% in May and is now up over 30% in 2016. The price had been rangebound most of the year, leaving volatility at extremely low levels. Big upside volume helped boost the price above key resistance levels in the $470-$475 range and then over the November high of $500. The... [**READ MORE**](https://insights.paxos.com/blog/itbit-bitcoin-market-report-june-2016) [![](https://insights.paxos.com/hubfs/itBit_Gated_Content/BLOG-TW-itBit-Bitcoin-Market-Report-June-2016.jpg)](https://insights.paxos.com/blog/itbit-bitcoin-market-report-june-2016) ## [Bitcoin Bull Run Marches On: Is $600 Next?](https://insights.paxos.com/blog/bitcoin-bull-run-marches-on-is-600-next) June 6, 2016 at 12:00 PM | [Elizabeth Hamilton, itBit Director of Trading](https://insights.paxos.com/blog/author/elizabeth-hamilton-itbit-director-of-trading) Positive momentum in the bitcoin market continued last week, giving fresh legs to the recent rally. The price rose another 10%, closing the week around $580. The price of bitcoin is now up nearly 30% since May 27th. [**READ MORE**](https://insights.paxos.com/blog/bitcoin-bull-run-marches-on-is-600-next) [![](https://insights.paxos.com/hubfs/_Bitcoin_Price_Outlook/BLOG-TW-Bitcoin-Bull-Run-Marches-On--Is-600-Next.png)](https://insights.paxos.com/blog/bitcoin-bull-run-marches-on-is-600-next) ## [Bitcoin’s Massive Price Move and the Week Ahead](https://insights.paxos.com/blog/bitcoins-massive-price-move-and-the-week-ahead) May 31, 2016 at 12:00 PM | [Elizabeth Hamilton, itBit Director of Trading](https://insights.paxos.com/blog/author/elizabeth-hamilton-itbit-director-of-trading) Last week started off with bearish readings in key indicators and saw the price of bitcoin fall below its 50-week EMA. The indicators turned bullish mid-week and a divergence formed across the 50, 100 and 200 day EMAs. The end result: a nearly 25% increase in price, peaking around a 21-month high... [**READ MORE**](https://insights.paxos.com/blog/bitcoins-massive-price-move-and-the-week-ahead) [![](https://insights.paxos.com/hubfs/_Bitcoin_Price_Outlook/Bitcoins-Massive-Price-Move-and-the-Week-Ahead.png)](https://insights.paxos.com/blog/bitcoins-massive-price-move-and-the-week-ahead) ## [Bitcoin Price Outlook: Week of May 23, 2016](https://insights.paxos.com/blog/bitcoin-price-outlook-week-of-may-23-2016) May 23, 2016 at 11:00 AM | [Elizabeth Hamilton, itBit Director of Trading](https://insights.paxos.com/blog/author/elizabeth-hamilton-itbit-director-of-trading) The bitcoin price failed to rally last week despite key indicators being bullish. When price does not follow indicators, a breakdown is likely and that’s exactly what happened. Bitcoin price dropped below $440, ultimately settling in the low-$440s. [**READ MORE**](https://insights.paxos.com/blog/bitcoin-price-outlook-week-of-may-23-2016) [![](https://insights.paxos.com/hubfs/_Bitcoin_Price_Outlook/Bitcoin-Price-Outlook-05232016.png)](https://insights.paxos.com/blog/bitcoin-price-outlook-week-of-may-23-2016) ## [Bitcoin Price Outlook: Week of May 16, 2016](https://insights.paxos.com/blog/bitcoin-price-outlook-week-of-may-16-2016) May 16, 2016 at 5:00 PM | [Elizabeth Hamilton, itBit Director of Trading](https://insights.paxos.com/blog/author/elizabeth-hamilton-itbit-director-of-trading) The price of bitcoin was fairly flat last week, down less than a percent from the May 9th close.  Bitcoin price dropped 3% on May 10th, from over $460 to $447, before rebounding and consolidating in a tight range the rest of the week. [**READ MORE**](https://insights.paxos.com/blog/bitcoin-price-outlook-week-of-may-16-2016) [![](https://insights.paxos.com/hubfs/_Bitcoin_Price_Outlook/Bitcoin-Price-Outlook-05162016.png)](https://insights.paxos.com/blog/bitcoin-price-outlook-week-of-may-16-2016) ## [Bitcoin Price Outlook: May 9, 2016](https://insights.paxos.com/blog/bitcoin-price-outlook-may-9-2016) May 9, 2016 at 6:00 PM | [Elizabeth Hamilton, itBit Director of Trading](https://insights.paxos.com/blog/author/elizabeth-hamilton-itbit-director-of-trading) The price of bitcoin price rebounded to rise 1.7% over the past week. The price fell below $442 to start the week, six days after [bitcoin set a 2016 closing high of $467 in April](https://www.itbit.com/blog/itbit-bitcoin-market-report-may-2016). This was a major resistance level and selloffs are normal following an initial attempt to break above key resistance. [**READ MORE**](https://insights.paxos.com/blog/bitcoin-price-outlook-may-9-2016) [![](https://insights.paxos.com/hubfs/_Bitcoin_Price_Outlook/Bitcoin-Price-Outlook-05092016-1.png)](https://insights.paxos.com/blog/bitcoin-price-outlook-may-9-2016) ## [itBit Bitcoin Market Report: May 2016](https://insights.paxos.com/blog/itbit-bitcoin-market-report-may-2016) May 6, 2016 at 4:00 PM | [itBit](https://insights.paxos.com/blog/author/itbit) The price of bitcoin rose nearly 8% in April, reaching a yearly high of $468 on April 26 before retreating to close the month at $446. Bitcoin outperformed the S&P index in April, which was flat for the month. The rise in bitcoin price coincided with a spike in commodities prices, fueled by a... [**READ MORE**](https://insights.paxos.com/blog/itbit-bitcoin-market-report-may-2016) [![](https://insights.paxos.com/hubfs/itBit_Gated_Content/April_Market_Report/TW-itBit-Bitcoin-Market-Report-April-2016.png)](https://insights.paxos.com/blog/itbit-bitcoin-market-report-may-2016) ## [itBit Bitcoin Market Report: April 2016](https://insights.paxos.com/blog/itbit-bitcoin-market-report-april-2016) April 12, 2016 at 10:53 AM | [itBit](https://insights.paxos.com/blog/author/itbit) In March, the bitcoin price was down about 4%, on par with the digital currency’s performance year-to-date. Global equity markets rallied and outpaced bitcoin in March while commodities had a mixed month (oil was up while gold was down).  [**READ MORE**](https://insights.paxos.com/blog/itbit-bitcoin-market-report-april-2016) [![](https://insights.paxos.com/hubfs/itBit_Gated_Content/March_2016_Market_Report/itBit-Bitcoin-Market-Report-March-2016.png)](https://insights.paxos.com/blog/itbit-bitcoin-market-report-april-2016) [**Next Page**](https://www.paxos.com/blog/page/2) ### itBit News Delivered to your Inbox ### Categories Start Trading Today #### [OPEN NEW ACCOUNT](https://exchange.itbit.com/signup) **Products** [itBit Exchange](https://www.itbit.com/exchange) [OTC Trading](https://www.itbit.com/otc) [Custody Services](https://www.itbit.com/custody) [Escrow Services](https://www.itbit.com/escrow) **Resources** [Market Data](https://exchange.itbit.com/markets) [Support Center](https://help.paxos.com) [API](https://www.itbit.com/api) [itBit Blog](https://www.itbit.com/blog) [Fees](https://www.itbit.com/fees) **Company** [About itBit](https://www.itbit.com/about-itbit) [Press](https://www.itbit.com/h/press) [Careers](https://www.itbit.com/h/careers) [Customer Support](https://www.itbit.com/contactus) [Legal](https://www.itbit.com/legal) **Crypto Assets** [Bitcoin](https://www.itbit.com/bitcoin) [Ethereum](https://www.itbit.com/ethereum) [Bitcoin Cash](https://www.itbit.com/bitcoincash) [Litecoin](https://www.itbit.com/litecoin) [Stellar Lumens](https://www.itbit.com/stellar-lumens) - [![](https://insights.paxos.com/hs-fs/hubfs/_00_PAXOS/Medium%20Updated.png?width=28&height=28&name=Medium%20Updated.png)](https://medium.com/paxos/itbit/home) - [![](https://insights.paxos.com/hs-fs/file-2672941852-svg/_itBit_Social_Icons/twitter-02.svg)](https://twitter.com/itBit) - [![](https://insights.paxos.com/hs-fs/file-2654911471-svg/_itBit_Social_Icons/linkedin-04.svg)](https://www.linkedin.com/company/itbit-pte-ltd) Copyright © 2020 Paxos Trust Company, LLC. All Rights Reserved. NMLS #1766787 Crypto asset trading involves a high degree of risk. The crypto asset market is new and unproven and may not grow. Currently, there is relatively small use of crypto assets in the retail and commercial marketplace in comparison to relatively large use by speculators, thus contributing to price volatility that could adversely affect an investment in crypto assets. In order to participate in the trading of crypto assets, you should be capable of evaluating the merits and risks of the investment and be able to bear the economic risk of losing your entire investment. No material at this site should be considered as an offer by itBit to sell or solicitation by itBit of any offer to buy bitcoin or other crypto assets.