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The 50-week simple moving average earlier offered incredible support for Bitcoin’s long-term bullish bias, but bears convincingly took it during the June 19 sell-off.
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“Bitcoin $20,000 or $100,000 in 2021? Crypto Trend Is Upward,” wrote Bloomberg senior commodity strategist Mike McGlone.
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This week’s price dip showed that cryptocurrency has “entered the mainstream,” says analyst Mike McGlone, and the future is likely “tilted in its favor.”
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Apparently r/Wallstreetbets doesn’t “bow to cryptocurrencies.”
By satoshi
April 16, 2021
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Despite apparent sentiment shifts following this week’s price dip, experts are predicting Bitcoin will potentially reach $400,000 eventually.
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With institutions demanding protection from inflation and dollar depreciation, historical trends could see BTC/USD 8X from current prices, says Bloomberg Intelligence.
By satoshi
March 26, 2021
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Technical and fundamental support for Bitcoin is growing — possibly at the expense of gold.
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From crypto advocates to former skeptics, pundits are outdoing themselves to predict ever higher prices for Bitcoin.
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Eric Balchunas said the Purpose Bitcoin fund could surpasses all other ETFs in Canada within two months, “barring a nasty selloff.”
By satoshi
February 21, 2021
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“If you’re not a green hacker, and you’re not doing it for the planet, you can also do it for the money: by speculating downward on …
By satoshi
February 9, 2021
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The Bitcoin-to-gold price ratio could shoot to 100x with the digital asset’s volatility possibly dropping to gold levels by 2024.
By satoshi
February 3, 2021
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Grayscale is continuing its BTC accumulation spree, snapping up more than 40,000 BTC in just 16 days.
By satoshi
January 29, 2021
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The CEO of One River Asset Management believes BTC volatility will decline as its price continues to climb.
By satoshi
January 28, 2021
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The asset manager says Ethereum’s mass appeal is growing.
By satoshi
December 4, 2020
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Bitcoin could hit all-time high prices then consolidate like gold, according to the analyst.
By satoshi
November 19, 2020
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CZ admits it’s not always easy weeding out US traders from the global Binance exchange.
By satoshi
November 13, 2020
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Biden’s administration may not have the same “hands-off” approach to crypto regulation, contends Bloomberg.
By satoshi
October 9, 2020
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Bitcoin may take twice as long to get to $100,000 than previously surmised.
By satoshi
October 5, 2020
