Tag: bitcoin (btc) predictions

Oct 22 2020

Bitcoin (BTC) Seems to be Decoupling from Stocks – Weiss Ratings

Quick take: The team at Weiss Crypto Ratings has pointed out that Bitcoin seems to be decoupling from the stock market This comes after Bitcoin broke both $12k and $13k in quick succession as the stock markets were stagnant The comments by Weiss echo those of Veteran BTC analyst, Willy Woo, who was of the same opinion back in September Bitcoin can very...

Oct 21 2020

Bitcoin Addresses in Profit hit new ATH of 30.4M as BTC Reclaims $12k

Summary: Bitcoin has comfortably broken the $12k ceiling With this move, BTC addresses in profit have hit a new all-time high of 30.4 Million It is still too early to comfortably declare that $12k is a new support zone for Bitcoin Timothy Peterson had forecasted that by November 30th, Bitcoin will be at $12k or above $12k could very well be a new...

Oct 18 2020

Bitcoin (BTC) Could Be Pulled Down By Weakening Stocks and Gold

In summary: Bitcoin is exhibiting a good level of bullishness above $11k However, Bitcoin's correlation to stocks and gold could be a bad thing with the US elections two weeks away A drop in the stock market and/or gold could mean a similar fate for Bitcoin in the short term The end of the weekend is once again upon us and so is...

Oct 13 2020

Crypto Analyst: 90% Chance Bitcoin (BTC) Never Closes Below $11k

Quick take: Timothy Peterson of Cane Island Alternative Advisors has given Bitcoin a 90% chance at staying above $11k Bitcoin's lowest price forward is $11,004 using Metcalfe's law Mr. Peterson has used Metcalfe's law to correctly forecast Bitcoin's price movement since 2018 He has predicted that Bitcoin will be valued at $12k by November 30th, 2020 In an October 11th Twitter thread, Crypto...

Oct 09 2020

Report: Bitcoin (BTC) is On Track towards $100,000 in 2025

Quick take: Bloomberg has released October's crypto outlook report The report predicts that Bitcoin is on track for $100,000 in 2025 Bitcoin will continue appreciating in value as a result of increased adoption, but at a relatively lower pace when compared to its early years Bitcoin could very well retest its 2019 peak of $14k before the end of 2020 The team at...

Oct 07 2020

BTC Analyst: Bitcoin’s Fundamentals are in Moon Mode

Quick take: Willy Woo has pointed out that Bitcoin's fundamentals 'are in moon mode' On-chain data and metrics from infrastructure players hint that Bitcoin is on a path to a profitable Q4, 2020 Bitcoin's bullishness will spill over into 2021 The opportunity to get into Bitcoin now is similar to that in mid-2016 Veteran Bitcoin Analyst, Willy Woo, has shared his most recent...

Oct 02 2020

Bitcoin (BTC) Rests on the 100-Day MA on Trump’s Positive COVID19 Test

Quick take: It's a second consecutive tense day for Bitcoin in the crypto markets as President Trump tests positive for COVID19 The news comes less than 24 hours after the CFTC and DoJ charged Bitmex and its founders of illegally operating a derivatives exchange and violating the Bank Secrecy Act Bitcoin is currently resting on the 100-day moving average as the crypto-verse digests...

Sep 30 2020

Crypto Analyst: Bitcoin (BTC) is 2 wks from $11k and 2yrs from $37k

Quick take: Timothy Peterson has used Metcalfe's law to predict that Bitcoin is 2 weeks away from $11k Additionally, and using his model, BTC is 2 months from hitting $12k and 2 years from $37k Mr. Peterson's Metcalfe model has been successful in predicting Bitcoin's value based on network activity In another analysis, he anticipates that once Bitcoin holds $11k, its value will...

Sep 27 2020

Grayscale Adds 17,100 BTC to its Bitcoin Holdings in One Week

Quick take: In the last week, Grayscale Investments has accumulated an additional 17,100 BTC This adds to its already impressive Bitcoin holdings that are currently valued at approximately $4.8 Billion Such a large accumulation can only mean that Bitcoin's long term trajectory is up According to the team at Bybt.com, Grayscale investment has bought an additional 17,100 BTC in the last 7 days....

Sep 24 2020

Bitcoin (BTC) is Still on Track Towards a Profitable Q3, 2020

Quick take: Bitcoin is still on a path of closing Q3 in profits July 1st found Bitcoin trading at approximately $9,100 Bitcoin looks set to maintain the $10k psychological price level through tomorrows expiry of futures and options The monthly close is the last hurdle for Bitcoin closing Q3 on a positive note The month of September has less than a week left...

Sep 23 2020

Number of Bitcoin Addresses Depositing BTC to Exchanges Has Doubled

In summary: The number of Bitcoin addresses depositing BTC to crypto exchanges has doubled since the beginning of the year An average of 100k unique Bitcoin addresses are sending BTC to exchanges daily The last time such a number was witnessed, was during the peak of the 2017 bull season The latest Bitcoin pullback originated from BTC held in exchanges and not the...

Sep 19 2020

Over 83k Bitcoin (BTC) Options Expire Friday, Sept. 25th

Quick take: Over 83,000 Bitcoin options expire Friday, September 25th This number beats August's record of 62k BTC options Such a high number of options expiring should bring considerable volatility Bitcoin is once again trading above $11k and the expiry of 83k BTC options could result in a dip The month of September is slowly coming to an end, and with it, the...

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