Tag: bitcoin (btc) predictions

Quick take: Bitcoin has been the best performing asset in 6 of the last 11 years Pantera Capital CEO has pointed out that a cryptocurrency has been the best performing asset in 9 of the last 11 years Bitcoin is once again battling to stay above $35k Bitcoin is still in a bull-trend given that Deribit has just added the $400k strike in...

Quick take: BTC Miners have now cumulatively earned Bitcoin worth $20 Billion Such revenue is an incentive to keep the Bitcoin network going and secure Bitcoin has just experienced a dip to the $35k level The minor corrections are necessary and healthy during a bull market Bitcoin miners have cumulatively earned BTC worth $20 Billion since the network was launched. This is according...

Quick take: Bitcoin's $30k - $32k held Bitcoin has just retested $40k and looks ready to push further This comes after Grayscale added 2,172 BTC to its bags in the last 24 hours Institutional buying of Bitcoin is back in high gear with the new year However, a move back down by Bitcoin cannot be dismissed The King of Crypto - Bitcoin (BTC)...

Quick take: CryptoQuant CEO forecasts that $30k - $32k should hold because most institutional investors bought Bitcoin around these levels He cites the January 2nd outflow from Coinbase when BTC was around this price area However, he cautions that his analysis is a 'speculative guess' Bitcoin's recent crash was most likely accelerated by Coinbase going down The CEO of CryptoQuant, Ki Young Ju,...

Summary: Bitcoin fell from $41k to $30,300 in less than 48 hours This is a drop of over $10k or 26% Bitcoin has since rebounded and rejected at the $36,600 price area However, $38k could be possible after which Bitcoin's bullish momentum will slow down This past week's weekly close will go down in history as one of the largest drops of Bitcoin...

Summary: The number of active Bitcoin addresses recently hit an all-time high of 1.34 million This amount is higher than the 1.29 million experienced on December 14th, 2017 Bitcoin is attempting to turn the $40k price area into support BTC is in overbought territory but $50k looks like the next stop A push above $50k is probable for Bitcoin The number of active...

Summary: Bitcoin has a 9% probability of exceeding $100k by September 2021 This is according to options prices on the various derivatives platform Deribit has introduced a December 2021 Bitcoin options contract with a $200k strike price Bitcoin is a few hundred dollars away from $40k BTC has proven resilient amidst uncertain times in the US Bitcoin (BTC) has a 9% probability of...

Summary: MagicPoopCannon has highlighted $36,200 as a possible pullback zone for Bitcoin He explains that Bitcoin's parabolic move could be 'running out of gas' If a rejection occurs at $36,200, the 10 week MA could provide some support at $22k If a correction happens at $36k, it will be temporary and Bitcoin will go on to test $80k - $90k levels Veteran Bitcoin...

Summary: Willy Woo has forecasted that we'll never see a $20k Bitcoin again $24k is Bitcoin's new floor and reachable through a 'black swan' event Mr. Woo also suggests that Bitcoin has 'free and unrestrained price discovery above ATHs' Bitcoin has set a new all-time high of $34,822 - Binance rate There is now a $3,600 CME gap due to the weekend rally...

Quick take: Bitcoin experienced 168.78% returns in Q4 2020 Q4 of 2020 was the second most profitable quarter in Bitcoin's history, second to Q4 of 2017 Bitcoin's value has increased in every quarter since Q2 of last year Only Q1 of 2020 had negative returns Bitcoin has kicked off 2021 in high gear setting a new all-time high today, of $32,310 - Binance...

Summary: December 30th and 31st saw the highest number of active Bitcoin addresses since January 2018 Bitcoin has since posted a new all-time high of $29,900 $30k might provide volatility as pointed out earlier by Timothy Peterson The path of least resistance is up for Bitcoin although it is clearly overbought The King of Crypto, aka Bitcoin (BTC), closed 2020 on a high...

In brief: Bitcoin's monthly tweet volume has spiked to levels last seen in March 2018 December has seen roughly 1.3 million Bitcoin tweets Bitcoin tweets are surging and increasingly coming from unique users Bitcoin posted another all-time high of $29,300 with $30k within sights Bitcoin's fear and greed index continues to plateau above 90 with current levels at 95 Discussions surrounding Bitcoin on...

Summary: Bitcoin whales are depositing less BTC to crypto exchanges This is a possible sign of seller exhaustion by Bitcoin whales Institutional investors continue scooping up BTC Bitcoin could very well attempt a $30k all-time high Bitcoin whales are making fewer deposits of their BTC to crypto exchanges. This is according to an analysis by the CEO of CryptoQuant, Ki Young Ju, who...

Summary: Dan Morehead has pointed out that Bitcoin is experiencing a supply shortage This is due to institutional buyers such as Paypal scooping up Bitcoin more than is mined Bitcoin's price is 9 weeks behind its pace towards $115k but will eventually get there The CEO of Pantera Capital, Dan Morehead, has pointed out that there is a growing Bitcoin supply shortage. According...

Quick take: Bitcoin has recaptured $23k and could be prepping to retest its recent all-time high of $23,800 The crypto fear and greed index has hovered around 90 since early November Traders are bullish despite the pullback to the $22,300 level Bitcoin could very well break $24k and aim for $25k $20k is Bitcoin's macro support level The weekend is in full gear...

Quick take: Timothy Peterson has forecasted that Bitcoin has a 50% chance at surpassing $30k in 2021 Bitcoin has just set an all-time high of $23,800 - Binance rate The daily BTC/USDT still hints of bullishness and Bitcoin could keep moving higher Deribit has introduced a Bitcoin options contract expiring September 2021 with a $100k strike price Such an options contract might be...

Quick take: Bitcoin has broken its 3-year-old all-time high of $20k Bitcoin's new all-time high is now $20,794 - Binance rate A strong weekly close had hinted of a possible push past $20k Bitcoin might have some more fuel to go higher based on Technical analysis and the significance of December 17th (tomorrow) Bitcoin (BTC) has done it! The King of Crypto has...

In summary: Robert Kiyosaki has pointed out that buying Bitcoin below $20k might be a good idea Mr. Kiyosaki forecasts that Bitcoin will hit $50k soon He explains that institutional money is buying up the BTC in the markets The American economy is in trouble and the future is in Gold, Silver, Bitcoin and Entrepreneurs Bitcoin has refused to dip below $17k and...

Quick take: MassMutal Life Insurance recently purchases $100 million in Bitcoin Insurance companies are known to avoid unnecessary risks The 169-year- old insurance company buying Bitcoin is a sign that BTC is no longer a 'risk- off' asset Bitcoin being sold now by miners and retail traders is increasingly being scooped up by institutional investors The herd of institutional investors has truly arrived in the...

Quick take: Bitcoin is in bear territory as the Miners Position Index hints of selling by BTC miners The demand for Bitcoin will quickly absorb the continual selling at these levels Bitcoin could experience a resurgence back to $19k due to this buying demand and an ascending triangle on the 4-hour chart Bitcoin is once again in uncertain territory after bouncing to $18,700...