This year kicked off with BTC price gains that recently saw the leading digital asset cross $10,000 once again. However, with Bitcoin dipping below five figures today, some are once again calling for the price to return to below the current yearly lows or perhaps even lower.
Disagreeing entirely is the author of one of the most popularly-cited BTC price prediction models, PlanB. Earlier today, the analyst posted an update to their price prediction for the coming couple of years and it’s anything but bearish.
PlanB: Bulls to Stampede and BTC to Top $100,000 by End of 2021
Thanks to their optimistic model for predicting the price of Bitcoin following the 2020 halving, crypto analyst PlanB has become one of the industry’s most cited figures. PlanB’s March 2019 study, titled “Modeling Bitcoin’s Value with Scarcity”, makes the case for at least a $55,000 post-halving BTC price.
Using yearly data, as NewsBTC recently reported, PlanB arrives at an even more bullish price of $100,000. The date the analyst previously gave to their BTC price prediction is at some point during 2021.
As PlanB highlighted via Twitter earlier today, they have long held that BTC has the potential to top $100,000 during 2021. A tweet from January 2019 embedded to that posted today shows this. Meanwhile, today’s tweet confirms that they believe a six-figure Bitcoin is still very much on the cards for 2021.
*** Update: my 2 sats on #bitcoin price:– 2020: btc stays above $8200 (so we are NOT dropping to $6k or $4k levels that others are predicting now)– May 2020 halving: will be above $10k– 2021: bull run starts after the halving and tops $100k before Dec 2021#NotFinancialAdvice https://t.co/Zkkma4ZBSd
— PlanB (@100trillionUSD) February 10, 2020
No, Bitcoin Isn’t Falling Below $6,000 Soon
Back in January of last year, PlanB made a couple of other predictions along with the $100,000 BTC price. They said that Bitcoin would not drop below its 200-week moving average during the rest of 2019 – which it never did – and that the price would be around $8,000 at the time of the halving.
PlanB has now revised some of these previous predictions. As mentioned above, the analyst still anticipates the real bull run to start in 2021 and the price to top $100,000 by the end of next year.
However, they now anticipate that BTC price will not fall below $8,200 at any point during 2020. This means, contrary to the sudden return of bearishness accompanying today’s dip, Bitcoin will not drop to “$6k or $4k levels that others are predicting now.”
PlanB also now believes that the Bitcoin price at the time of the halving will be more than it is today. They make the case that when new the number of BTC rewarded to miners with each block falls to 6.25 this year Bitcoin will trade for at least $10,000.
Related Reading: Bitcoin’s Selloff Could Turn into a Bloodbath if it Breaks This Key Level
Featured Image from Shutterstock. The post appeared first on NewsBTC. origin »
A very sluggish crypto weekend for traders. Most altcoins are bleeding heavily with losses ranging from 5 to over 30% in the last 24 hours. The Bitcoin price briefly dropped below $100k, but found support around the $99k mark which has happened a few times in January as well.
The Bitcoin price briefly crashed below $67,000 on October 21, although it quickly reclaimed this level as support before the daily close. This price decline is believed to be due to its correlation with the stock market, which also experienced a drop of its own.
ItXRP price remained in a tight range below the $0. 60 barrier. The price could extend losses if there is a close below the $0. 5550 support zone. XRP price started a consolidation phase below the $0.
Optimism's price at the time of writing, is below the uptrend line and could drop further based on market cues.
The post Why Optimism (OP) Price Might Slip Below $2 Soon appeared first on BeInCrypto.
The Bitcoin price has seen a massive downside this week going into the FOMC meeting on Wednesday. The digital asset’s price saw a sharp 8% drawdown, which sent its price below $57,000, its lowest point in two months.
AMP, the native token of the Amp cryptocurrency project, has witnessed a 22% price surge despite the broader market downturn, which has seen Bitcoin plunge below the $62,000 mark. According to our technical analysis, AMP’s price breakout from a descending channel has been a key factor in its recent upward momentum.
Bitcoin’s price retreated below $51,000 to retest critical support levels on Feb. 17 despite holding strong after stronger-than-expected CPI data over the past few days. The flagship crypto was trading at $50,856 as of press time after touching a low of $50,625.
The Cardano (ADA) price short-term trend is bullish unless the price closes below $0.30.
The post The Cardano (ADA) Price Will Continue Increasing – Unless It Closes Below This Level appeared first on BeInCrypto.
Former U. S. President Donald Trump’s non-fungible token (NFT) second collection has crumbled more than 10% below the purchase price of $99 — currently with a floor price of roughly $88 at press time.
SHIB price struggles on high timeframes despite showing bullish sentiment to trend higher. SHIB trades below support as the price looks bearish with the current market state as the price closed the weekly candle below the previous.
Supply and demand have been termed as the major factor that causes uphill and…
The post Chainlink extend negative price action to the south as price trade below $17.75 resistance appeared first on Coin Journal.
Sellers pushed Bitcoin price below $55,000 even as record-high BTC futures open interest and optimism surrounding the issuance of $1,400 stimulus checks for Americans had traders anticipating a rally.
With Bitcoin trading above $56,000, retail traders may be thinking that they have missed the opportunity of buying below $50000 when the price was low relative to the massive price surges the king coiThe post Will Bitcoin's price drop below $50000 anytime soon? appeared first on AMBCrypto.
The Polkadot (DOT) price supposedly broke out from a resistance line but fell back below shortly after. The price will likely break down from its support area and head lower. Deviation Above Resistance After reaching an all-time high price of $5.
On March 11, the BTC price underwent a rapid price decrease that took it below $6,900. This level has been very important since the price has not traded below it since May 2019 and had offered support for the majority of 2018.
Over the past hour or two, Bitcoin bulls have been attempting to defend $9,000: just look below, where you can see a number of wicks below that price on the 15-minute chart. Thus far, $9,000 has been defended, with every print of a price below $9,000 quickly being bought up, resulting in a series of...
Bitcoin price is trading in a downtrend below $8,800 and $9,000 against the US Dollar. The price is currently declining and it seems to be struggling near the $8,840 level. Yesterday’s major bearish trend line is active with resistance near $8,920 on the hourly chart of the BTC/USD pair (data feed from Kraken).
Bitcoin price is showing bearish signs and still trading below $7,500 against the US Dollar. The price is facing a lot of hurdles on the upside near $7,500 and $7,600. There is a major bearish trend line forming with resistance near $7,500 on the hourly chart of the BTC/USD pair (data feed from Kraken).
Technicals suggest a nascent bear market with price now below both the 200-day moving average and daily Cloud. Any price action below US$10,000 will likely be sold off heavily in the near-term.
Coinspeaker Bitcoin Price Goes Below $8,000 as the Cryptospace Experiences a SqueezeBitcoin price goes below $8,000 for the first time in months. Major altcoins, however, still seem to be unaffected by BTC price fall, as they show mixed reactions.
Ripple price struggled to break the $0. 2550 resistance and declined recently against the US dollar. The price is trading below $0. 2500 and it seems like it could slowly decline towards $0. 2400.
Bitcoin price struggled to climb above $8,500 and declined recently against the US Dollar. The price is currently trading below $8,300 and it could continue to decline towards $8,100. There was a break below an ascending channel with support near $8,275 on the hourly chart of the BTC/USD pair (data feed from Kraken).
There was a nasty decline in bitcoin below the $9,000 support against the US Dollar. The price even declined below the $8,000 support and it is currently consolidating losses. There is a declining channel forming with resistance near $8,350 on the 4-hours chart of the BTC/USD pair (data feed from Kraken).
Ripple price is struggling to gain momentum above the $0. 2600 resistance against the US dollar. The price is currently declining and it could continue to move down below $0. 2520. There is a connecting bearish trend line forming with resistance near $0.
Bitcoin price is currently under pressure below the $11,600 resistance against the US Dollar. The price could slide sharply if there is a break below the $11,200 support area. There is a major bearish trend line forming with resistance near $11,700 on the hourly chart of the BTC/USD pair (data feed from Kraken).
Ripple price struggled to recover above the $0. 3250 resistance and extended losses against the US dollar. The price traded below the $0. 3100 support and traded close to the $0. 3025 level. There is a significant declining channel forming with resistance near $0.
Since June 27, the bitcoin price has dropped from nearly $14,000 by more than 22 percent against the U. S. dollar in a relatively large pullback, leading the valuation of the crypto market to drop.
ETH price climbed sharply above $300, but it struggled to clear the $315-320 resistance against the US Dollar. The price corrected lower, declined below the $300 level, and found support near the $295 level.
Ripple price failed to hold the key $0. 4400 support area and declined recently against the US dollar. The price declined below the $0. 4200 support area and even spiked below $0. 4000. There was a break below a major ascending channel with support at $0.
Bitcoin price extended losses and traded below the $3,720 and $3,700 supports against the US Dollar. The price traded as low as $3,671 and it is currently consolidating above the $3,700 level. There is a crucial bearish trend line formed with resistance at $3,775 on the hourly chart of the BTC/USD pair (data feed from.
Ripple price is following a declining path and it broke the $0. 3100 support against the US dollar. The price remains at a risk of a sharp decline below $0. 3000 and $0. 2980 in the near term. There is a major bearish trend line formed with resistance near the $0.
Ripple price declined further below $0. 3080 and tested the $0. 3000 support area against the US dollar. The price traded as low as $0. 2983 and it is currently correcting above the $0. 3050 level.
Price action for XRP broke below a key support level yesterday at $0. 296. Price is following up today with a rise, but the increase is taking place on lower volume and is failing to erase the losses of yesterday.
Ripple price topped near the $0. 3820 level and later declined sharply below $0. 3500 against the US dollar. There is a short term connecting bearish trend line formed with resistance at $0. 3300 on the hourly chart of the XRP/USD pair (data source from Kraken).
Key Highlights Ripple price is struggling to break the $0. 3180 and $0. 3240 resistance levels against the US dollar. There is a crucial bearish trend line formed with resistance at $0. 3100 on the hourly chart of the XRP/USD pair (data source from Kraken).
Litecoin has dropped below the $40 handle for the first time since September 2017. The market crash has found…
The post Litecoin Price Analysis: LTC Creates Fresh 14-Month Lows As Price Drops Below $40 appeared first on Invest In Blockchain.
Key Points Bitcoin price extended losses and declined below the $6,450 support level against the US Dollar. Yesterday’s highlighted key bullish trend line was broken with support at $6,435 on the hourly chart of the BTC/USD pair (data feed from Kraken).
At press time, BTC is changing hands at $7,536 on Bitfinex, down 6.9 percent on the day, a figure that also finds the price breaking a key support level at $7,800. The world’s largest cryptocurrency by market capitalization has been largely confined to a narrow price range of $7,673–$7,800, since it broke $8,000 yesterday. However, mounting sell
Key Highlights Ripple price extended slides and traded below the $0. 4300 support level against the US dollar. There is a new connecting bearish trend line formed with resistance near $0. 4325 on the hourly chart of the XRP/USD pair (data source from Kraken).
Key Highlights ETH price extended declines and broke the $440 and $426 support levels against the US Dollar. There are two key bearish trend lines formed with resistance at $429 and $442 on the hourly chart of ETH/USD (data feed via Kraken).
Bitcoin fell below the short-term triangle and rising trend line, setting its sights on the longer-term area of interest next.
The post Bitcoin (BTC) Price Analysis: Where Bulls Are Waiting appeared first on Ethereum World News.
Bitcoin Price Key Highlights Bitcoin price broke below its short-term triangle consolidation and rising channel to pave the way for a larger pullback. The Fibonacci retracement tool shows the potential support levels where buyers could be waiting.
Dutch creator of the Stock-to-Flow model says the largest by market cap crypto has entered a pre-bull market. An anonymous Dutch investor and quantitative analyst, PlanB, best known for his stock-to-flow (S2F) model for Bitcoin (BTC), says the cryptocurrency is…
Popular Bitcoin chart analyst and investor ‘PlanB’ continues to buy the dip highlighting how many times the asset has been proclaimed ‘dead.’
The post Bitcoin Stock-to-Flow Creator Buys the Dip, Is the Price Model Still Valid? appeared first on BeInCrypto.
Автор Bitcoin Magazine Christopher Burge высказал своё мнение относительно справедливости критики модели оценки цены биткойна S2F. Одним из самых захватывающих аспектов биткойна является его исторически стремительный рост цен.
Bitcoin bear Mr. Whale, who also goes by the handle Cryptowhale on Twitter, made a sensational claim on Oct 2 "Bitcoin is closer to hitting $0 than it is to hitting $100,000. " But that was just to prove a point, he says.
Bitcoin “A great buying opportunity,” says Lex Moskovski, investment director of Moskovski Capital. His tweet indicates the stock-to-flow model marking a historic moment in the twelve years of the digital coin’s life.
