Why Bitcoin Could Hit $90K By End Of 2022, According To This Prediction

The price of Bitcoin has been recovering after a major slump into the low $30,000s. As of press time, BTC trades at $37,774 with a 1.9% profit in the last 24-hours and could see more gains in the short term. Related Reading | Fidelity Says What We’ve Been Thinking: Countries & Central Banks Will Buy BTC BTC on a downtrend in the 4-hour chart. Source: BTCUSD Tradingview Bitcoin’s most recent recovery could be tied to the relief in the traditional market. At the time of writing, the S&P 500 Index…

Moonshot to $90K — After Bitcoin Upgrade Taproot Activates, Crypto Advocates Expect the Price to Rally – Market Updates Bitcoin News

In mid-June, the ‘Speedy Trial’ lock-in period for the Bitcoin network upgrade Taproot locked in at block height 687,285 and was mined by the bitcoin mining pool Slushpool. Taproot is expected to activate on the network on Saturday, November 13, 2021, and the upgrade is considered one of the largest changes the protocol has seen since Segregated Witness (Segwit) went live in 2017. Bitcoin Upgrade Taproot Expected to Activate on Saturday Taproot is expected to activate and go live on the main network on Saturday, November 13, 2021, following the…

Bitcoin due to hit $90K ‘in coming weeks’ despite pullback — latest technical analysis

Bitcoin (BTC) is still on to run to $90,000 in the coming weeks after “trapping” leverage traders. In its latest market update on Nov. 12, trading platform Decentrader underscored popular sentiment on BTC price action. Update: High timeframes “remain bullish” Despite losing $4,000 in a single day Wednesday and trending sideways since, Bitcoin is anything but bearish, many analysts argue. With short-term conditions punishing leveraged long traders but funding rates still high, however, hodlers may be in for more pain before a recovery kicks in. When it does, new all-time…

BTC price ‘on the way to $90K’ — 5 things to watch in Bitcoin this wekk

Bitcoin (BTC) launches into a new week determined to keep $60,000 as support — despite new all-time highs failing to last. After a classic Sunday dip, bulls regained control and have managed to keep BTC/USD clear of sub-$60,000 lows. With neither the April nor October all-time highs seeing a retest so far, however, investors are eager to see where Bitcoin is capable of going. Expectations remain sky high — as much as $300,000 in the coming months, and even a continuation of the bull run well into 2022. Cointelegraph takes…

Bitcoin Analyst: BTC Could Test the $80k – $90k Region by mid-2021

Summary: Bitcoin analyst, MagicPoopCannon has postulated that BTC could test the $80k to $90k price area by mid next year He cites that Bitcoin has followed a beautiful rising arc pattern since the days of Satoshi This arc points to $14k being broken, $20k being retested and the possibility of $80k – $90k by mid-2021 Weekly RSI is in overbought territory and is known to mark Bitcoin bull runs Veteran Bitcoin analyst, MagicPoopCannon, has provided a macro-analysis of BTC in which he sees the King of Crypto testing the $80,000…