Ever since Bitcoin shot over 1,000% higher in 2017 to hit $20,000 — a price point that was once seen as relatively unobtainable by even some of the cryptocurrency’s most dedicated bulls — analysts have been waiting for the asset to “moon” once again.
It appears that the moon, a noun-turned-verb used to describe the price of assets rising an extremely rapid clip, is rapidly approaching — if Bitcoin can break one key level that is.
Bitcoin Needs to Break Past Ultimate $14,000 Level
While the price of the leading cryptocurrency surged as high as $20,000 in 2017, it didn’t stay at this level for long, failing to establish any semblance of support in that region. In fact, it closed the month of December at $14,000 — 30% below the all-time high as bulls failed to maintain momentum.
For those not versed in technical analysis, this close meant that $14,000 became the level to cross above on a monthly basis, for a close above this ultimate resistance would suggest a higher high has been established.
A chartist going by “Delboy” doubled down on this in a recent tweet, remarking that Bitcoin’s long-term chart is showing signs that $14,000 might be key in launching the price of BTC “to the moon.”
$BTC 1M chart. Slightly different take on the dominant chart structure. is $14'000 key to launch BTC to the moon? pic.twitter.com/lKz5lUbjAQ
— Delboy (@sp184eib) February 21, 2020
Indeed, NewsBTC’s look at the long-term Bitcoin charts indicated that once BTC surmounted the monthly high of the 2013 bubble around $1,150, the bullish momentum quickly picked up, taking the asset to $20,000 by the end of 2017.
How High Could BTC Go?
While the jury is still out on where exactly the next bull run will take BTC, the consensus is a fresh all-time high of at least $50,000, proven by a crazy accurate price model made by an institutional quantitative analyst and shilled by a bonafide German bank.
The model, dubbed the stock-to-flow model, equates Bitcoin’s scarcity, derived from the above-ground supply divided by the rolling issuance of the coin, to the asset’s market cap. It determined, to a 95% R squared, that after the BTC block reward reduction in May 2020, a coin will have a fair value of anywhere between $55,000 to $100,000.
GeertJancap, a Twitter user interested in disruptive technologies, noted that per his transfer function model of Bitcoin’s price, BTC’s price will catch up to the model, created by pseudonymous analyst PlanB, a year after the halving in the middle of 2021.
Featured Image from Shutterstock origin »
A huge quarterly expiry for bitcoin and eth had the price of both go up in a reversal for once as bears presumably get rekt. Deribit, one of the biggest...
Bitcoin price is currently down nearly $400 from yesterday’s highs in a flash, after coming close once again to the $12,000 resistance level. According to a crypto analyst referencing on-chain analytics, once $12,000 is broken through cleanly by bulls, there’s “clear skies” above that until $16,500 – which they claim is just a minor “speed bump.
It has been a rough week for Bitcoin. The benchmark crypto rallied to highs of $9,800 just a few short days ago before once again being met with massive selling pressure that caused it to slide lower.
Bitcoin price once again made an attempt to break above $10,000, but as of this writing, it failed to make it through the key level once again. But the latest push has brought Bitcoin back to profitability for most investors in the crypto asset.
We are almost in the middle of December and Bitcoin continues to trade above $7,000 level. We haven’t dropped below this level, not even once but it’s to be seen what will happen to BTC price once this accumulation phase is over.
In precisely five days, the September fiat settled bitcoin futures contract at CME expires. Yes, another month is nearly over, so we can look forward to our ritual of copy...
The post It’s Expiry Friday, Will Bitcoin’s Price Fall Once More? appeared first on Trustnodes.
Currently, Bitcoin adoption is still far from mainstream but in the past decade we have come a long way and in the next ten years, it’s only going to go up. Bitcoin’s price is the driving factor for now as it went parabolic not once but three times. We are now onto our fourth such […]
On what is turning out to be a very sad day on Wall Street given the massive Deutsche Bank layoffs, it’s been a walk in the park for the crypto community. The bitcoin price is barreling toward $12,000 once again, having tacked on five percent in the last 24 hours, and nobody is losing their […]
The post Could Deutsche Bank’s Overhaul Be Another Inflection Point for Crypto? appeared first on CCN Markets
Crypto markets have spent most of the weekend in consolidation as Bitcoin takes a breather. Eyes are starting to turn to Litecoin once again as the halving clock ticks down with less than a month to go.
Bitcoin price spent the weekend consolidating as the action has all gone sideways for the time being. There was another dip down below $11,000 yesterday but BTC recovered back as it heads towards resistance once again.
Both Bitcoin (BTC) and gold have once again been caught in the throes of volatility that have allowed them to form fresh levels of support and resistance that will likely continue to hold strong in the near-future.
One of the known security vulnerabilities in cryptocurrency is the human being and his or her capacity for foolish acts. If a transaction hasn’t cleared at least once on any blockchain, including Bitcoin, it’s not secure.
A veteran investor who once called bitcoin a “real fraud” flipped his critical views amidst a gloomy macroeconomic outlook. Mark Mobius, the founder of Mobius Capital Partners LLP, said in an interview that he would probably buy bitcoin as a protection against the Federal Reserve’s dovish stance on the economy.
Cryptocurrency markets are cooling off during the morning’s Asian trading session. The July fourth parties in the US maybe coming to a close but Bitcoin is beating a retreat at the moment, dragging the altcoins into the quagmire once again.
Since April this year, significant moves by Bitcoin has seen the price pump from $4,100 to almost $14,000. Once again, cryptocurrencies are gracing the home pages of mainstream media outlets, and public interest is duly peaked.
After experiencing a bout of downwards pressure that had erased many of the gains that Bitcoin and the aggregated crypto markets had incurred as of late, BTC’s bulls once again came out swinging and propelled the cryptocurrency significantly higher.
BTC. com, the flagship mining pool of cryptocurrency firm Bitmain Technologies, appears to have started mining the Bitcoin Satoshi Vision (BSV) blockchain once again – a likely controversial move.
Bitcoin is once again at $10,000, but this time around mainstream interest appears to be non-existent, and the lack of interest is even reflected on Google Trends charts. Despite the mainstream public no longer being infatuated with the first ever digital currency and the blockchain it’s built on, both emerging technologies were featured last night.
We know it’s hard but take your eyes away from the price action for one minute. Now check out these three amazing facts about Bitcoin that will make you stop and think. 1. Less Than 1% of the Population Uses Bitcoin The wild ride that Bitcoin has taken us on over the years has been dramatic.
Bitcoin and the aggregated crypto markets have once again extended their downwards movement that first began when BTC hit $13,800, which now appears to be a local top that may hold for the near future.
It seems that once again, a crypto exchange has beat Bakkt, the Bitcoin (BTC) venture launched by the New York Stock Exchange, to the punch. Announced Monday afternoon, ErisX, a Chicago-based cryptocurrency startup, has secured a “derivatives clearing organization” (DCO) license from the Commodity Futures Trading Commission (CFTC).
Much to the chagrin of Bitcoin investors, the cryptocurrency has once again extended the downwards momentum it first incurred earlier this week when BTC failed to break above its freshly established 2019 high at $13,800.
Well, that de-escalated quickly. Just nine days after breaching the five-figure mark for the first time in 2019, the bitcoin price has once again crashed below the $10,000 level. Bitcoin Price Slips to $9,950 The flagship cryptocurrency had been in a downtrend since peaking near $14,000 on June 26, suffering multiple major sell-offs en route […]
The post Newsflash: Bitcoin Price Crashes Below $10,000 appeared first on CCN Markets
Bitcoin and the aggregated crypto markets have once again faced a bout of downwards pressure today that have led most cryptocurrencies to drop several percent, with BTC briefly falling below $11,000 before finding some buying.
Bitcoin has once again been caught in the throes of massive volatility, experiencing a parabolic price surge yesterday before plunging over 20%. This price action has led many investors to quickly flip bearish on BTC, but a bullish response to its latest drop could lead it significantly higher.
Believe it or not, China was once the de-facto capital of Bitcoin (BTC). The nation, after all, spawned Bitmain and many early crypto asset investors, presumably due to the culture of risk, speculation, and technological development.
Bitcoin passing $10,000 is just the beginning of the bull run and the real parabolic phase will begin after $20,000, new research claims this week. Bitcoin Currently in ‘Stealth Phase’ According to the market analyst known on social media as CL, bitcoin returning to the significant $10,000 barrier is exciting for longstanding market participants, but not for the public.
Crypto markets have come alive once again, now that Bitcoin price has once again recaptured the interest of the public who are now realizing they missed out on their chance to buy the bottom, and are FOMOing into the digital asset now that it’s breached above $10,000.
CEO of Euro Pacific Capital and chairman of SchiffGold, Peter Schiff, has once again provided critique of Bitcoin. The self-proclaimed gold bug used the opportunity presented by today’s downswing in Bitcoin price to argue his favourite yellow metal’s superiority over the digital currency.
Apart from Bitcoin’s monumental rise recently, Libra has undoubtedly been one of the hottest topics in the cryptocurrency space. The coin that is expected to make its debut in the first half of 2020 saw the disapproval of several regulatory bodies as soon as it was introduced.
Bitcoin bulls who prognosticated a sharp surge have once again been proven right as the number one coin has now broken through the $13,000 mark, setting a new eighteen-month record. Even though the feat is just a few hours old, bulls are a little surer now that Bitcoin can hit its previous all-time high in […]
The post Another One: Bitcoin Breaks Past $13k, Setting New 18-Month Record appeared first on ZyCrypto.
Bitcoin is once again soaring. Cryptonaughts rejoiced as the price went beyond $13,850 in the past several hours. Where might it go from here? Anything is possible. Brexit, Uncertainty, and Doubt: What’s Next for Crypto? The powers that be are predicting a no-deal Brexit for Britain, which means the country will be entering entirely new […]
The post Bitcoin Price Clips $13,850 – Should We Thank Brexit? appeared first on CCN Markets
Bitcoin keeps growing steadily, the head and shoulders pattern being irrelevant once again. At the same time, EOS and Litecoin are preparing for a breakthrough of the resistance lines; Bitcoin. .
Wall Street, complete in their tailored suits, suede shoes, and leather briefcases, have once again placed their bets against Bitcoin. Despite the fact that the collective cryptocurrency market broke the $350 billion mark, with Bitcoin alone accounting for 62 percent of the same and trading at $2,000 over its price at the beginning of the […]
The post Wall Street is on the losing side of Bitcoin’s impressive price rally appeared first on AMBCrypto.
Bitcoin’s meteoric rally continues as the price nears $12,000. Meanwhile, altcoin/BTC pairs—including Ethereum, XRP, and Litecoin—are getting decimated as funds flow into the predominant cryptocurrency.
Allaire On Crypto Spring Ever since Bitcoin (BTC) and other crypto assets have begun to rebound, mainstream media has been all over the space once again, in a way somewhat reminiscent of 2017. Yesterday, Jeremy.
Bitcoin price is once again making headlines on mainstream media outlets, revisiting once forgotten memories of the crypto bubble of 2017, where Bitcoin’s meteoric rise captured the interest of the world and took it to its all-time high of $20,000.
Remember JP Morgan? The billion-dollar investment bank that made a remarkable U-turn, from engaging in Bitcoin bashing to introducing its own digital asset in early 2019? Well, the bank has once again stoked the cryptocurrency realm, or at least, institutions that are interested in virtual currencies.
The bitcoin price has surged to a new 2019 high once again at $11,381 less than 24 hours after climbing to $11,200 on June 24. Analysts like Fundstrat’s Thomas Lee, RT host Max Keiser, and technical analyst Peter Brandt foresee the bitcoin price reclaiming its all-time high at $20,000 in the near term as the dominant crypto asset continues to see its momentum strengthened.
Nothing grabs the attention more than an epic price pump of any asset. Bitcoin is no different; however the groups of those against it, probably because they don’t comprehend it, are starting to emerge from their caves hollering about bubbles once again.
The euphoria that followed the bitcoin price's climb to a new 2019 high above $11,000 couldn't last forever, and it wasn't long before some low-volume drama broke out over the weekend on Crypto Twitter.
Tom Lee, Chief Analyst at Fundstrat Global, on June 22, 2019, briefs the cryptocurrency community on the current state of bitcoin. In his tweet, he mentions that if bitcoin could once more hit its all-time highest price of about $20,000, this would mean that the previous bull run wasn’t a bubble as many had said […]
The post Tom Lee: A Break Above The $20k ATH In 2019 Could Mean The 2017 Bitcoin Bull Run Wasn’t A Bubble appeared first on ZyCrypto.
A space company will send a physical Dogecoin to the Moon in the DHL Moonbox. A Pittsburgh-based space company, Astrobotic Technology Inc., will send a physical version of Dogecoin (DOGE) to the Moon in late December 2024. It is a…
In the Bitcoin space, one question echoes persistently through the minds of enthusiasts and investors alike: When will Bitcoin rocket to the moon? While no one knows the answer, there are on-chain metrics and historical patterns that can be followed to track down the answer.
Ethereum didn’t fare too well in 2019, as this very outlet reported at the end of last year; in fact, the cryptocurrency posted a negative performance. But, key indicators show that ETH is about to mount an extremely strong, potentially even explosive and parabolic, rally.
Each and every daily close on Bitcoin price charts is important, as the price level where the candle closes and even the shape of the candle can help crypto analysts predict future movements and trend changes.
