Tag Archives: bitcoin price

Bitcoin price predictions are running rampant throughout the space, and the latest is coming from Bobby Lee, the co-founder of Chinese bitcoin exchange BTCC.Lee: Bitcoin Is About to Go Up, Up, UpTo be clear, Lee is making a few predictions. His first could potentially give John McAfee a run for his money and says that bitcoin could be worth $1 million by 2028. However, he’s also offering something a little sooner to potentially put enthusiasts’ minds at ease. He says that bitcoin might reach...

Most Bitcoin traders’ open positions were threatened yesterday by a swift and sudden spike in Bitcoin prices between 11:15 am Eastern and 11:21 am Eastern. Bitcoin prices increased from $8,787.11 to $9,123.34 within that time range. Insiders and cryptocurrency enthusiasts attributed the sudden spike to liquidations of short positions worth about $58.04 Million.Most of the gains made at the start of trading were retained but before the end of trading the support price of $9,000 was defeated...

Over the past days, we saw the Bitcoin price decreasing slowly, but staying steady around the $8700 – $8800 price range.Ignoring the “Bart” pattern price manipulation over the weekend, Bitcoin had been trading at the mentioned range over the past four days.On our recent Bitcoin price analysis, we had mentioned precisely where the positive correction could reach out: “In my opinion, the correction can also reach $9000 – $9100 (Fibonacci levels 61.8% and 78.6%).”As could be seen, the $9150 was...

In what seems to be both a conflict-of-interest and also an effort to promote his cryptocurrency, the head of cryptocurrency projects at Facebook David Marcus has given bullish indications as to where Bitcoin is going. He also indicated that Bitcoin doesn’t fit into the cryptocurrency asset class as well giving his bias for the Libra cryptocurrency. David made this known at the recent New York Times DealBook conference last week. He also said that Bitcoin has more qualities as an asset than...

Topmost cryptocurrency expert and co-founder of top cryptocurrency exchange BTCC Bobby Lee made some bullish predictions for Bitcoin in the mid-term to long-term sources indicate. Lee made this known via a couple of tweets which indicated his stance on how the current topmost cryptocurrency will fare within the next eight years.According to Lee, Bitcoin will hit a market capitalization of $8 trillion. With Bitcoin’s market capitalization at just about $160 billion, while that of gold is about...

The recent days weren’t calm, even for Bitcoin. Following yesterday’s decent price surge to almost $9150, Bitcoin is now trading under $8700 after a sell-off over the past hours.Yesterday, Bitcoin made another bullish weekend move as the price gained over 4% in just an hour. The price surged from $8,780 to around $9,150 but quickly lost momentum, and as of writing these lines, Bitcoin retraced all the way to mark $8590 as the current daily low.This is the lowest price for Bitcoin since...

Peter Schiff, a popular economist and financial broker, as well as a recognized author, has said that Bitcoin’s price will never reach $100,000. He also stated that Bitcoin’s pump is “finally over” and warned for an incoming dump.Bitcoin’s Price Will Never Reach $100,000It’s not uncommon to see quite a lot of predictions coming from a range of different people within and outside of the cryptocurrency community, especially when it comes to Bitcoin’s price. Some of them are optimistic, while...

Yesterday, Bakkt set a new record high just as the Bitcoin price fell as it’s wont to do. While the two events are relatively normal individually, it’s somewhat interesting that they happened around the same time, with the new Bakkt record coming in just as Bitcoin fell. What are traders thinking?Last year, the Intercontinental Exchange (ICE) announced its plans to float the Bakkt platform, the first-ever platform that would settle Bitcoin futures contracts physically. The anticipation began...

After a few days of sideways trading, Bitcoin made a move. The cryptocurrency lost around $800 in the last 48 hours. At the time of this writing, the cryptocurrency is trading at about $8,800.Two weeks ago, the Chinese President announced that the country should put more effort into embracing blockchain-based technology, and Bitcoin’s price skyrocketed by severe 40%. After that, however, the price retraced to around $9,300 and traded in this range for a while.Yesterday,...

For the past ten days, Bitcoin is trading inside a tight range, which is very unlikely for the primary cryptocurrency.We can almost say that the past week was boring for the heavy crypto traders. However, this stability could come up to an end very shortly.Looking on the following 4-hour chart, we can see that Bitcoin is forming a symmetrical triangle with a Bullish bias, from the fact that it can turn into a bull flag very quickly (in the case of a breakup).Despite the above said, since...