▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Is bitcoin going to crash again? I do a bitcoin technical analysis today Monday 11th May 2020 and bitcoin price prediction in this video looking at the indicators and general wave structure Bitcoin Technical Analysis Today We are currently close to bitcoin halving (due later today) and it will be interesting to see if this has any impact on price. Bitcoin Price Prediction 2020 2021 If you are knew then make sure you understand some of the basics about Bitcoin. You do…
Day: May 14, 2020
Analyst Who Called $6,400 Bottom Says Bitcoin Is Poised to Retrace
Bitcoin is back on the headlines after the outrageous price action it has experienced before and after the halving took place. The flagship cryptocurrency rose to a high of $10,100 on May 7 to then take a 22% nosedive over the weekend. Now, BTC is back up, recovering most of the losses recently incurred. Regardless of the high levels of volatility, one of the most prominent analysts in the cryptocurrency industry estimates that Bitcoin is poised for a steep correction before continuing its historic bull run. Bitcoin Faces Strong Resistance…
The VC Who Argued ‘’Death Spiral’ Scenario May Be Right After All
The signs of the apocalypse are upon us: Bitcoin (BTC) transaction fees peaking, block time increasing, and the mempool is becoming congested — all as predicted by Zach Resnick, a managing partner at Unbounded Capital. Flash crush is more likely When Resnick spoke to Cryptox on May 8, he argued that the “death spiral” scenario is not priced in and that the community underestimates its probability. He claimed that there is still maybe only two to three percent chance of the halving killing off the chain completely, but in his…
The VC Who Argued ‘’Death Spiral’ Scenario May Be Right After All
The signs of the apocalypse are upon us: Bitcoin (BTC) transaction fees peaking, block time increasing, and the mempool is becoming congested — all as predicted by Zach Resnick, a managing partner at Unbounded Capital. Flash crush is more likely When Resnick spoke to Cointelegraph on May 8, he argued that the “death spiral” scenario is not priced in and that the community underestimates its probability. He claimed that there is still maybe only two to three percent chance of the halving killing off the chain completely, but in his…
Negative Interest Rates Give BTC an Opportunity to Shine, Report Claims
A report claims that negative interest rates present Bitcoin (BTC) with a unique opportunity. The May 14 report, published by Stack Funds, stipulates that if the interest rates in the U.S. turn negative in the near future, it will force market participants to look for alternatives to traditional assets. This could present Bitcoin with a real opportunity to garner institutional adoption. Negative interest rates It is important to keep in mind that there is no single interest rate in the economy, but rather many. The one that the report alludes…
Veteran Investor Says Bitcoin Price Surge to $467,000 is ‘Achievable’
Raoul Pal, the CEO and founder at Real Vision, believes the price of Bitcoin (BTC) can reach $476,000 in the long-term. Pal is not alone in this belief as hedge fund managers like Morgan Creek Digital’s Mark Yusko have also made similar predictions in the past. Currently, the price of Bitcoin hovers at around $9,700 and high-profile investors like Max Keiser and Mark Yusko believe Bitcoin can rise to $500,000 in the long-term under two simple scenarios. One requires Bitcoin to overtake the gold market and the other stipulates that…
Blockchain Bites: Will Enterprise Blockchain Find a ‘Killer App’ or Be Killed?
Top Shelf It seems like enterprise blockchain is between finding its “killer app” and being killed. “Everyone had a killer app three years ago. That was the state of blockchain business,” Shyam Nagarajan, a director at IBM, said during a marathon session at Consensus: Distributed. “People have wisened up since then.” There are a number of roadblocks obstructing the possibility of adoption and successful implementation of business-grade blockchain. Cited most frequently is the problem with scalability. It turns out, it’s difficult to get other people or competing companies to join onto…
Blockchain Bites: Will Enterprise Blockchain Find a ‘Killer App’ or Be Killed?
Top Shelf It seems like enterprise blockchain is between finding its “killer app” and being killed. “Everyone had a killer app three years ago. That was the state of blockchain business,” Shyam Nagarajan, a director at IBM, said during a marathon session at Consensus: Distributed. “People have wisened up since then.” There are a number of roadblocks obstructing the possibility of adoption and successful implementation of business-grade blockchain. Cited most frequently is the problem with scalability. It turns out, it’s difficult to get other people or competing companies to join onto…
Bitcoin Easter Bunny HATES BTC?!?! April 2020 Price Prediction & News Analysis
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Discord (Krowns Crypto Cave) – Twitter – – The digital hub of all Cave related activities Twitch – ***My fully comprehensive road map to becoming a COMPLETE Trading Boss! + VIP DIscord Access*** All my trading strategies revealed in a series of 39 Modules of Video and PowerPoint presentation format over 32 hours long + Bonus Material! Reviews inside! ***Master Your Options*** Years as a Professional Market Maker Authorized Trader synthesized down into a 42 Module Road Map for the Purpose of…
Blockchain Industry Will Be Valued at $21 Billion Globally by 2025, Research Suggests
A research study by Fortune Business Insight, a market reporting and consulting firm, suggests the global blockchain industry will be valued at a mammoth $21 billion in the next five years. Global Stimulus for Blockchain The report explored the rise of financial technology and blockchain companies working towards financial inclusion and targeting developing countries and regions to leverage growth. Such regions, incidentally, have witnessed a growth in educated talent in the past decade, and are well-suited to interact with and understanding distributed ledger mechanisms. The study…