Tag Archives: Bitcoin (BTC) Price

Popular cryptocurrency YouTuber recently posted a chart illustrating that if Bitcoin repeats its previous significant bull run from 2017, its price could exceed $300,000 by the end of 2021.Interestingly, this highly optimistic prediction corresponds with the well-known BTC stock-to-flow model.BTC To Over $300,000?Bitcoin price predictions are among the most commonly discussed threads in and out of the cryptocurrency community. Such forecasts range from overly adverse ones such as Jim Rogers,...

Only five days ago, the price of Bitcoin touched $9800, followed by another failure to break up the critical descending trend-line (marked yellow on the following daily chart).Since then, the primary cryptocurrency had been correlating with the plunging global markets, and as of writing these lines, Bitcoin is trading slightly above $9000.The Micro and Macro LevelIf we look at the micro-level, which is the following 4-hour chart, we can see that Bitcoin so-far holds the supporting blue line....

The last seven days weren’t so fruitful for Bitcoin. After trading in a relatively narrow range for a while before that, the BTC price gradually increased to about $9,700 on Wednesday. On the same day, however, the price tumbled during the same day and started declining.Immediately after that, Bitcoin retraced to about $9,000 before finding support and bouncing off to where it currently trades at around $9,200. The thing to consider about the movements is that they coincided with respective...

Virgin Galactic Chairman and Social Capital CEO Chamath Palihapitiya recently doubled-down on his advice that people should allocate at least 1% of their portfolio in Bitcoin as protection.He believes that if the asset skyrockets in value, it would be because of rather damaging world events and the lack of proper countermeasures by governments.Palihapitiya: BTC’s Lack Of Fundamental Correlation Is PositiveIn a recent podcast, the former Facebook executive noted that the US Fed and Treasury...

The notional value of Bitcoin options contracts set to expire tomorrow has reached a new record by exceeding $1 billion. With such a massive amount, the question remains how and if it will impact the price of the primary cryptocurrency.BTC Option Contracts To The MoonAs CryptoPotato reported shortly after the mid-March panic sell-offs, Bitcoin options trading volume was declining, especially on regulated exchanges. However, the tide has turned since then, according to the cryptocurrency...

Two days ago, when everyone was bullish watching Bitcoin’s astonishing move breaking above the $9400 towards the $9800 in a matter of hours, we mentioned the importance of the $9800 level.That level created another touch in the descending trend-line, which is marked yellow on both charts below. This was the ninth (!) attempt to break that tough resistance. Guess what? Nine attempts – zero success (aside from the fake-out on June 1st).When you don’t score, the other team will. And when Bitcoin...

Bitcoin suffered a 3% price drop on Wednesday, coinciding with the largest flow of BTC from miners to exchanges in over a year.BTC Flows From Miners to ExchangesThat’s according to data from blockchain analysts at Glassnode, which showed a huge transfer of 2,650 BTC going from Bitcoin miners to the Bitfinex exchange on Tuesday. Seen below, that equates to the largest transfer of BTC from miners to exchanges since March 26, 2019.The last time such a large volume of BTC moved from miners to...

In a recent podcast with Anthony “Pomp” Pompliano, the American entrepreneur and angel investor Jason Calacanis said that Bitcoin has been performing quite stable and promising lately. As such, he was even contemplating purchasing portions of the primary cryptocurrency.Calacanis: BTC’s Volatility Is Well In BalanceAs a former blogger, Calacanis founded Weblogs Inc in 2003 – a startup supported by an angel investment from billionaire Mark Cuban. After selling the project to AOL, Calacanis...

Former Wall Street hedge fund manager and prominent investor Mike Novogratz recently said that Bitcoin could break the coveted $10k mark soon and jump to $20,000.He also noted that the digitalization of money had begun worldwide, and the US needs to catch up with other nations such as China.Bitcoin To $20K, Says NovogratzNovogratz is the CEO of the cryptocurrency investment firm Galaxy Investment Partners and a long-time Bitcoin proponent. In mid-2019, he predicted that BTC would return to...

A quick recap: over the past week, we mentioned the dull static price action of Bitcoin between the tight range of $9200 to $9500, forming a 30-days long symmetrical triangle.As we anticipated a breakout of the triangle – that will be followed by a massive price move – yesterday it did happen. Bitcoin price broke the triangle’s upper boundary, along with the $9400 level (along with the MA-50 line), surpassing the next resistance at $9600 – touching $9800 along with the yellow-marked...