Bitcoin (BTC) Could Peak At $80,000 If Crypto’s Cyclicality Persists –

Bitcoin Could Rally By 2,400% From The Bottom As Bitcoin has returned over the past few days, many have been left asking where the cryptocurrency market could top. It may be a bit too early to tell, but some are that optimistic. Level’s Josh Rager notes that over Bitcoin’s three completed cycles, the trough to peak gains decreased by around 80% each time, which is a concept defined by the law of diminishing returns. As Rager notes, 2011’s rally saw a return of 320,000%; 2014, 58,500%; and 2017, 12,000%. Thus,…

Bitcoin (BTC) Could Peak At $80,000 If Crypto’s Cyclicality Persists –

Bitcoin Could Rally By 2,400% From The Bottom As Bitcoin has returned over the past few days, many have been left asking where the cryptocurrency market could top. It may be a bit too early to tell, but some are that optimistic. Level’s Josh Rager notes that over Bitcoin’s three completed cycles, the trough to peak gains decreased by around 80% each time, which is a concept defined by the law of diminishing returns. As Rager notes, 2011’s rally saw a return of 320,000%; 2014, 58,500%; and 2017, 12,000%. Thus,…

In Many Ways Bitcoin is Trading at Better Levels than at the Peak of 2017

In Many Ways Bitcoin is Trading at Better Levels than at the Peak of 2017 April 25, 2019 by George Levy Bitcoin has been holding steady at a price above $5,000 USD for several weeks leading many investors to believe that we may be preparing for another bull market run. Looking behind the scenes at all the activity going on, there are many statistics which show that bitcoin is already trading at better levels than at the peak of 2017, when it was trading at close to $20,000. Also read: With…

Analyst Predicts Bitcoin Could Top $75,000 in Next Peak, Maybe Higher

Now that most industry observers and technical analysts are in agreement that the bottom is in and trend could be reversing, they are starting to look towards the next high points. There are many ways of attempting to predict market cycles but looking back at previous ones is a good place to start. Previous Appreciation Waves May Be The Answer Whether a final capitulation is forthcoming or not the likelihood of Bitcoin ending this year a lot higher than it started it is very strong. One analyst has taken the…

Bitcoin Crash Coming? Overbought Levels Near 2017 $20,000 Peak

Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. The latest bitcoin price rally has pushed the asset into an extremely overbought region which could likely result in an interim crash. The Relative Strength Indicator (RSI), an oscillator which…

Apple Co-Founder Steve Wozniak Declares He Sold All His BTC Holdings at $20,000 Peak

Apple co-founder Steve Wozniak has said that he sold all of his Bitcoin (BTC) when the currency hit $20,000 in December 2017. Financial media outlet Business Insider Nordic reported on Wozniak’s comments on Jan. 24. Speaking at the Nordic Business Forum in Stockholm, Sweden, Wozniak said that he first bought an undisclosed quantity of Bitcoin when the crypto was at about $700 because he “wanted to experiment with it.” He then explained what he planned to do with it: “My goal was to travel to a place like Stockholm, and…

Is the Coinbase “Pump” Working? Zcash Drops 17% From Daily Peak

Twitter Facebook LinkedIn CCN is expanding. Are you our next full-time journalist from the West Coast USA? Send us your CV and examples here. On November 30, Zcash (ZEC), a privacy-focused cryptocurrency, was integrated into Coinbase Pro, a U.S.-based regulated digital asset exchange operated by Coinbase. The exchange told investors that throughout the foreseeable future, withdrawals of Zcash shielded transactions, private or anonymous transactions on the Zcash network, will not be supported. Coinbase said: “Initially, we will support deposits from both transparent and shielded addresses, but only support withdrawals to…

Is the Coinbase “Pump” Working? Zcash Drops 17% From Daily Peak

Twitter Facebook LinkedIn CCN is expanding. Are you our next full-time journalist from the West Coast USA? Send us your CV and examples here. On November 30, Zcash (ZEC), a privacy-focused cryptocurrency, was integrated into Coinbase Pro, a U.S.-based regulated digital asset exchange operated by Coinbase. The exchange told investors that throughout the foreseeable future, withdrawals of Zcash shielded transactions, private or anonymous transactions on the Zcash network, will not be supported. Coinbase said: “Initially, we will support deposits from both transparent and shielded addresses, but only support withdrawals to…

Investors in US Market Paid $39,000 to Buy Bitcoin at Peak Using GBTC

Twitter Facebook LinkedIn In the bull market of 2017, crypto investors paid more than $40,000 per Bitcoin (BTC) to purchase the dominant cryptocurrency. In the US market, a product called the Bitcoin Investment Trust (GBTC) offered by Grayscale Investment, a subsidiary of Digital Currency Group (DCG) exists that allows retail investors to invest in Bitcoin through the same account used in the stock market and other public markets. $39,000 Per BTC Every share of GBTC, an investment vehicle listed on OTC Markets, an American financial market providing price and liquidity…

IOTA Price Falls Nearly 20 Percent from Late August Peak

The IOTA value on Thursday continued to trend downwards and fell more than 18 percent since its late August-high near $0.8154. The IOT/USD stated the early Asian trading session by breaking below a critical support level around 0.7294-fiat, opening a path of least support towards the next downside targets. As the session matured and the European timing came into play, the pair had already fallen by 8.7 percent. IOT/USD is now near the early August resistance – visibly a strong one to the upside – near 0.6751-fiat, which is now…