Tag Archives: Bitcoin Long-Term Prediction

Popular cryptocurrency analyst believes that Bitcoin’s price is heading towards $7,200 based on an inverse Head and Shoulders pattern. Interestingly, if BTC is indeed trading within the inverse H&S, the breakout could hand Bitcoin a target of $16,000.BTC: $7,200 Followed By $16,000?The inverse head and shoulders technical pattern is identified when the price of an asset firstly drops to a certain level, rises back up, dives lower than the previous bottom, increases again, and finally...

According to Robert Kiyosaki, Bitcoin will be valued at $75,000 in three years, as an incompetent Fed oversees a dying economy.The author of the global phenomenon, Rich Dad, Poor Dad, took to Twitter on May 16, where he revealed his recent investments in hard assets such as gold and silver – and also Bitcoin.He made three bold price predictions about the assets mentioned above, citing a dying economy and Fed bailouts as the main catalysts. Kiyosaki tweeted:ECONOMY dying. FED incompetent. Next...

Despite his short-term adverse views of Bitcoin’s price, Ross Ulbricht remains bullish in the long-term. In a recent post from the prison, he reiterated his last $1,200 price prediction, saying that this could be simply the start of a vast upwards movement, which could lead to $333m per one BTC.Bitcoin To $333 Million?As Cryptopotato reported recently, the incarcerated founder of the notorious Silk Road dark market, Ross Ulbricht, claimed that the price of the primary cryptocurrency could be...

Popular cryptocurrency commentator Tone Vays believes that Bitcoin has already reached its yearly bottom when it hit $3,700. He continued his positive prediction noting that BTC might not even dip below $6,000.Tone Vays: Bitcoin Already BottomedThe egregious circumstances caused by the COVID-19 pandemic led to extremely high levels of volatility in all financial markets in March. Naturally, the cryptocurrency market is amongst the leaders in terms of violent fluctuations. During the most...

Bitcoin’s price might reach $350,000 in the years to come, according to a recent report compiled by the popular U.S. cryptocurrency exchange, Kraken. It indicated that Millennials will soon inherit trillions of dollars, which the younger generation could invest in Bitcoin, as they are more tech-oriented.The Great Wealth TransferThe paper estimated that more than $68T of U.S. wealth will change hands in the upcoming years. Generation X will inherit $38T, while the remaining $30T will go to...

Bitcoin could reach $100,000, said the CEO of the leading cryptocurrency exchange by volume Binance. Changpeng Zhao (CZ) noted that printing trillions of dollars by the Fed during the current crisis makes it easier to believe that Bitcoin’s market cap could tap $2 trillion.Bitcoin To $100,000?The world is going through an unusual phase at the moment. The rapid spread of the novel COVID-19 led to closed cities, countries, and, ultimately, crashing economies. The stock markets felt the pressure...

Quick recap: for the past few weeks, Bitcoin had been following the crashing global markets. While the S&P 500 and Nasdaq lost more than 30% over the past month, Bitcoin followed them but with a little bit of leverage.The primary cryptocurrency is now trading at a 50% discount from the highs of mid-February, when it was trading above the $10,000 mark.Many crypto enthusiasts waited for this moment. Bitcoin was born after the most recent significant financial crisis, the one of 2008....

Popular American venture capital investor, Tim Draper, recently said that he has been out of the traditional markets for the past six months.Instead, he has most of his investment portfolio allocated in Bitcoin as he believes its price will reach $250,000 by early 2023.Bitcoin At $250,000Draper has been quite optimistic regarding the future of the largest digital asset previously as well. Yesterday, in an interview for CNBC’s “Squawk Alley,” he reaffirmed his previous bold prediction for the...

YouTube becomes an important video-sharing platform for the cryptocurrency community by the day. More and more people are starting to produce quality content, covering the field in its numerous aspects.If you’ve been following Bitcoin-related videos on YouTube, there’s a high chance that you’ve heard and stumbled upon MMCrypto’s channel. It’s among the fastest-growing channels on the platform, and it covers a broad range of topics spanning from technical and fundamental analysis to exciting...

When your completely non-computer savvy, totally apolitical friends or family members come up to you asking, “Hey, you think I should buy this Bitcoin thing?” you’re in bubble territory. The coin is very possibly overheated, and it might be time to sell.We need a healthy pull back. Too much hype about #bitcoin halving and altseason. Too much dumb money re-entering shitcoins. Looking for $7200. It takes time for halving to propogate and market to react. Maybe 6-7 months. Only my opinion. What...