Bitcoin Trading Expert ‘The Crypto Dog’ Says $1,800 BTC and $50 ETH Wouldn’t Be Surprising

2019-2-6 19:09

Bitcoin (BTC) has been experiencing sideways trading during the last few weeks after being traded around $3,400 and $4,100 during the last months. Enthusiasts and investors in the market are waiting for the digital currency to start growing once again after the year-long bear market that affected the whole cryptocurrency market.

Due to volatility has been falling during the last weeks, there are some analysts that are currently expecting a big movement to take place. In a recent Tweet, Hsaka Trades, a recognized crypto trader in the popular social network, released a graphic in which it is possible to see that the Bitcoin historical volatility index is reaching new lows in around two months.

$BTC volatility testing a fresh demand zone.

B I G M O V E I N C O M I N G. pic.twitter.com/u1YqmSy42k

— Hsaka (@HsakaTrades) February 5, 2019

This seems to be in line with what other recognized analysts believe. The Crypto Dog mentioned that it might be possible to see a $1,800 Bitcoin and a $50 Ethereum (ETH) in the near future.

Bitcoin is currently in the longest bear-trend in history. The cryptocurrency dropped from $20,000 in December 2017 down to $3,250 in December 2018. That represents an 82% decrease in its price. Thus, following this trend and The Crypto Dog’s prediction, Bitcoin could fall under $3,000 and reach new lows in more than a year.

The Crypto Dog mentioned that he has been saying this several times in the past and that this is not new. He has also explained that Bitcoin has a small chance to reach $1,200. However, he is not so sure that the market can drop that far.

At the time or writing, Bitcoin is being traded around $3,411 and it has a market capitalization of $59.78 billion. In the last 24 hours, the digital currency dropped 1.56%, similar to what other cryptocurrencies did during the same period of time.

Remaining above $3,400 is very important for Bitcoin since dropping further could harm significantly the most popular digital asset.

Bitcoin (BTC), Ethereum (ETH), XRP (Ripple), and BCH Top Coin Price Watch (Feb 5th)

origin »

Market.space (MASP) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Доступно / Всего 0 MASP

market bitcoin btc trading digital volatility currency

Источник: bitcoinexchangeguide.com

market bitcoin → Результатов: 126


Фото:

Margin Of Safety Indicates Bitcoin Undervaluation Below $90K Amid Prevailing Market Pessimism

Bitcoin showed unpredictable price action yesterday, plummeting to a low of $89,100 before staging a rapid recovery to reclaim the $96,000 mark. This sharp move is often seen as a liquidity sweep orchestrated by market makers to clear out leveraged positions, a tactic that fuels short-term volatility but strengthens the market’s long-term structure. Related Reading: […]

2025-1-15 11:30


BlockDAG Leads with $150M Presale as Crypto Market Tops $3.1T, Bitcoin ETFs and Ethereum Price Grow

The cryptocurrency market has soared, reaching a new pinnacle with a total market capitalization of $3. 13 trillion, establishing the sector as a formidable economic force. This surge reflects in the growing appeal of Bitcoin ETFs, which have seen unprecedented inflows, while Ethereum (ETH) sets its sights on managing $10 billion in assets.

2024-11-25 04:00


Bitcoin’s Big Week: Election, FOMC Meeting, And Strong Signs Of A Bull Market

As the market faces one of its most volatile weeks—amid the U.S. election and the Federal Open Market Committee (FOMC) meeting—Bitcoin appears primed for a lasting rally. Historically, major bull runs have followed post-election periods, and analysts are optimistic about Bitcoin’s potential, forecasting it could hit $100,000 by year’s end, […]

2024-11-5 08:22


Bitcoin’s (BTC) Bullish Patterns Emerge: Is a Market Super Cycle on the Horizon? Pay Attention to These Metrics

Bitcoin’s trading pattern lately reveals a consistent sideways movement, with fluctuations between $60,000 and $72,000. This trend, as highlighted by top cryptocurrency analyst Doctor Profit via a tweet on X, mirrors historical market behaviors that have typically preceded significant price increases.

2024-4-29 09:30


дальше еще 77 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Can traders gain from DEXE’s recent dip? THIS data suggests...

DeXe skyrocketed to a multi-year high then plummeted by double digits in a single day. Surging derivatives volume and a critical support zone near $14 can determine DEXE's next move. After wThe post Can traders gain from DEXE’s recent dip? THIS data suggests... appeared first on AMBCrypto.

MOVE surges 16% after WLF's buy - Can it reach an ATH?

Institutional interest in MOVE has escalated, alongside confidence in the token’s long-term potential. MOVE’s ecosystem is expanding, with 10,737 holders. Institutional interest in MovemThe post MOVE surges 16% after WLF's buy - Can it reach an ATH? appeared first on AMBCrypto.