Category: Bitcoin

Bitcoin could become an $8 trillion asset by 2030, according to Andy Edstrom of California-based WESCAP Group. The wealth manager said the cryptocurrency could take away a part of capitalization from all the leading markets. They include gold, shares, fiat, offshore assets, or demonetized store of values like real estates. He added that investors would explore bitcoin also because of its new use-cases as its technology grows in the next decade. Excerpts: “Whether it’s micropayments or similar things enabled by [the] Lightning [Network] or it’s Abra or similar systems whereby you…

Bitcoin has undoubtedly been on a tear over the past 45 or so days. Since hitting $6,400 in December, BTC has surged by almost 50%, hitting a local high of $9,550 on Thursday. According to Mike Novogratz — a Wall Street name who used to be a partner at Goldman Sachs and now heads crypto fund Galaxy Digital — there is a confluence of reasons why Bitcoin will continue higher in the months to come. He conveyed these reasons, or catalysts, in a recent interview with Bloomberg, though he was…

Bitcoin spiked above $9,400 and $9,500 against the US Dollar. BTC traded to a new yearly high at $9,569 and it is currently showing signs of a downside correction. Bitcoin price is likely forming a short term top near the $9,570 level against the US Dollar. The bulls seem to be losing control, but there are still many supports near $9,260 and $9,150. This week’s crucial bullish trend line was breached with support near $9,420 on the hourly chart of the BTC/USD pair (data feed from Kraken). There could be…

A calm and balanced question to Craig Wright about whether or not he has access to Satoshi Nakamoto’s $9 billion bitcoin wallet met with a bizarre response: “It’s none of your goddamn business.” Appearing in an interview with BlockTV, the Bitcoin SV founder showed his trademark hot-tempered, “censorship-resistant” mood when faced with straightforward questions about his legal battle with the Kleiman estate, the Tulip Trust, and the very recent price pumping of Bitcoin SV’s native asset, BSV. What Mr. Wright could have treated as a platform to come clear turned…

Bitcoin corrected lower, but stayed above the $9,150 support against the US Dollar. BTC bears need to push the price below $9,150 or the price could rally above $9,500. Bitcoin price is holding a crucial support area near the $9,150 level against the US Dollar. The current technical structure above $9,000 suggests the price is preparing for the next break. This week’s important bullish trend line is intact with support near $9,210 on the hourly chart of the BTC/USD pair (data feed from Kraken). The bulls seem to be eyeing…

Those who are looking to exit their bitcoin positions may want to wait for four more months to extract better profits, according to a prominent crypto analysis company. Trading signals provider TradingShot.com said in a note that bitcoin could be worth $13,000 in or before May 2020. It cited the cryptocurrency’s historical price behavior ahead of its halving – a pre-programmed supply cut event that is taking place in the same month – as the core reason behind the potential price rally. Bitcoin 1W Chart TradingShot noted that bitcoin is…

A five-minute price rally took bitcoin above $9,400 on January 28. The move upside helped the cryptocurrency break above a long-term resistance area. Earlier in November, bitcoin had broken above the same price ceiling but failed to sustain its upside momentum. Bitcoin was among the only few assets that managed to post gains amidst uncertain macroeconomic conditions. The benchmark cryptocurrency surged above $9,400 during London’s pre-midnight session on Tuesday, swelling by more than $300 within a five-minute timeframe. The move uphill came as investors bought haven assets to minimize their…

Bitcoin extended its rally above the $9,200 resistance against the US Dollar. BTC tagged the $9,400 area and now it could correct lower towards $8,800 or $8,500. Bitcoin price is approaching a couple of key resistances near $9,500 against the US Dollar. There could be a short term downside correction from $9,400 or $9,500 in the coming sessions. Yesterday’s major bullish trend line is still active with support near $9,040 on the hourly chart of the BTC/USD pair (data feed from Kraken). Ethereum is lagging, but it could rally if…

Bitcoin (BTC) and the altcoin markets incurred some notable momentum today, which comes as Bitcoin’s bulls extend the rally that first kicked off yesterday when the crypto made its way up to highs of $9,150. This momentum has not been isolated to Bitcoin, however, as many major cryptos have been able to similarly incur notable momentum today. It does appear that the markets are on the cusp of seeing significantly further upside, as Bitcoin just broke above the upper boundary of a bull pennant that could generate an upwards tailwind…

Every bitcoin dip is being bought at a remarkable rate says top trader Filb Filb. The strong momentum of BTC above a key resistance level at $9,000 positions BTC for a potential upsurge to $10,000. Bitcoin is recovering at a faster pace than expected In October 2019, Filb Filb said in an blog post that the bitcoin price is anticipated to achieve $10,000 by March 2020. The model the trader used to forecast the medium-term price trend of the bitcoin price was based on previous fractals. 12-month bitcoin price forecast…