Tag: 125K

Bitcoin trader say BTC headed toward $125K by New Year’s Even based on ‘Bayesian probability’

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Bitcoin (BTC) price entered a strong price discovery phase for the first time since December 2020, after its weekly chart closed above $80,000. BTC’s bullish structure has transpired from a short-term to a long-term outlook, and multiple analysts believe that an assortment of six-figure price targets will be attained sooner than later. Bitcoin could reach $125,000 by New Year’s Eve Peter Brandt, a popular market analyst, highlighted that Bitcoin tends to repeat its bullish price action trends when it decides to “mark up.” The trader addressed BTC’s current move above…

Bitcoin $125K by New Year? Peter Brandt’s Bold BTC Prediction Shakes Markets

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Peter Brandt projects that bitcoin could surge to $125,000 by the New Year, citing bullish trends and the cryptocurrency’s strong historical price-action patterns. Peter Brandt Sees Path to $125K Bitcoin as Market Enters Uncharted Territory Veteran trader and renowned chartist Peter Brandt shared an optimistic outlook for bitcoin on Sunday after the cryptocurrency broke its […] Original

Bitcoin 2024 Forecast: Experts Split on $125K Bullish or $40K Bearish BTC Outlook

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Bitcoin’s future value remains a hot topic, with Finder’s latest survey reflecting expert opinions on its trajectory. While BTC is expected to hit $77,636 by the end of 2024, long-term projections predict growth to $113,364 by 2025 and $282,238 by 2030. Despite this cautious optimism, opinions are divided, especially concerning bitcoin’s mainstream adoption for everyday […] Original

Bitcoin tops $40K for first time in 19 months, Matrixport tips $125K in 2024

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Bitcoin (BTC) has reached the $40,000 level for the first time since April 2022, climbing around 2% in 24 hours. Bitcoin surged from under $39,500 to strike above $40,000 on Dec. 3 to hit a 19-month high, according to CoinGecko data. It also marks a new year-to-date high for Bitcoin, which is up over 140% since Jan. 1. It’s down around 42% from its Nov. 10, 2021, all-time high of over $69,000. The price of Bitcoin over the last 12 months, which has gone from under $17,000. Source: CoinGecko In…

Bitcoin Price Could Hit $125K by December 2024 Fueled by Heightened Institutional Demand

The report by Matrixport revealed that the fifth Bitcoin bull market officially began on June 22, 2023, with further gains anticipated amid momentum gain. The fifth Bitcoin (BTC) bull run that is expected to go parabolic after next year’s halving event has attracted notable institutional investors. More investors fleeing the market uncertainties presented by ongoing conflicts in the Middle East and the Russian invasion of Ukraine have opted for Bitcoin which has outperformed all other traditional investment instruments YTD. According to the latest market data provided through TradingView, Bitcoin price…

BTC Price Could Rally to $125K by End-2024: Matrixport

“On June 22, 2023, bitcoin made a new one-year high, marking the first time in a year. This signal has historically indicated the end of bear markets and the start of new crypto bull markets,” Markus Thielen, head of research and strategy at Matrixport, said in a report shared with CoinDesk. Source

Chainlink reveals Hackathon $125K in bounties LINK’s outlook

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With a start date of March 15th, The Spring 2021 Chainlink Virtual Hackathon records more than 3,500 participants. According to an official post, the participants are “building the next generation of smart contracts”. The event will end on April 11th. However, those who wish to claim the $125,000 will have until today to register and qualified for the $125,000 bounties. The post claims: The three-week event is an opportunity for developers throughout the Chainlink ecosystem to connect, collaborate, build and showcase innovations in DeFi, NFTs, gaming and universally connected smart…

Bitcoin mempool clogs up with 125K transactions waiting

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The number of transactions waiting to be confirmed in the Bitcoin mempool surged briefly above 125,000 today. This represents the equivalent of roughly 149 megabytes worth of data waiting to be added to the blockchain, which is enough to fill at least 107 upcoming blocks. Although smaller than the spike that saw a 143,000+ transaction backlog on Dec. 17, 2020, the increasingly cluttered mempool is emboldening Bitcoin’s critics while providing forks with talking points about the speed and cost of cryptocurrency transactions. Over past 3 months, the daily av­er­age Bitcoin…

Bitcoin’s $12.5K pump didn’t do much to impress Peter Brandt

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Trader and head of proprietary trading firm Factor LLC, Peter Brandt, said Bitcoin’s (BTC) recent run up past $12,000 did not excite him as much as it did the rest of the market.  “I never got super super excited about the advance in Bitcoin,” Brandt told Cointelegraph in a Sept. 9 interview. “I thought it was constructive — the advance we had in Bitcoin starting in late July” he said, noting the chart looked good. On July 27, Bitcoin definitively broke $10,500, a level which previously stood as a wall against…