Bitcoin Cryptocurrency News

This Eerie Bitcoin Fractal Sees Price above $70,000 by mid-2021

Bitcoin is on the cusp of breaking out towards levels above $70,000, according to an eerily identical fractal. Spotted first by Artem Shevelev, a market analyst, the pattern shows Bitcoin in a seven-stage development. Each stage reflects price moves and technical indicators similar to the ones that eventually pushed Bitcoin to its all-time high at Read more…

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Bitcoin Cryptocurrency News

Bitcoin Price To $318,500 By October 2021 According To This Model

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 Read more…

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Bitcoin Cryptocurrency News

Novogratz: Bitcoin Price To Reach $20,000 As Fed Prints and Buys Too Many Dollars

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 Novogratz Read more…

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Bitcoin Cryptocurrency News

Analyst Who Predicted Bitcoin’s 150% Bounce From March Lows Is “Still Long”

When Bitcoin crashed to $3,700 in March, many were quick to throw in the towel. There was one prominent analyst that said that looking at the charts, he saw a good likelihood the cryptocurrency was to fall under $1,000. That would have marked a more than 70% correction from the capitulation lows. One trader, though, Read more…

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Bitcoin Cryptocurrency News

Deutsche Bank Warns Of Disaster Worse Than Pandemic That Could Completely Kill Bitcoin

In a new report, Deutsche Bank ominously says there’s a strong likelihood of a disaster far worse than the recent pandemic coming over the next ten years. At least one of the scenarios could put an end to Bitcoin. Is Another, Even More Devastating Black Swan Event Coming Over The Next Decade? Bitcoin and the Read more…

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Cryptocurrency News

Investors Expect Bitcoin Price to Rip to $11,000 Before the Nasdaq Hits 11k

After a brutal liquidation event in March on the back of pandemic fears, both Bitcoin and stocks have mounted an impressive comeback. Yet it is cryptocurrencies that are leading the pack, posting a strong performance in one of the worst economies since the Great Depression. The leading cryptocurrency is up more than 150% from the Read more…

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Bitcoin Cryptocurrency News

No, Crypto Investors Are Not Fleeing Coinbase In Droves

Over the last several weeks, popular crypto exchange Coinbase has been surrounded with negativity, prompting another round of the #DeleteCoinbase campaign. And while initial blockchain data made it seem as though the social media hashtag had been having an impact, a deeper dive suggests that cryptocurrency users aren’t exiting Coinbase in droves as first suspected. Read more…

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Cryptocurrency News

Bitcoin Crashes $1,000 as S&P 500 Dips 4.5%: What Analysts Think Comes Next

Bitcoin continued to slip lower after Bitcoinist’s previous market update. The cryptocurrency slipped from the $9,500 support where it was attempting to hold to a low of $9,070 on major exchanges. This means that from the daily high of ~$10,000, BTC has dropped by nearly $1,000 — one of the biggest moves since last week’s Read more…

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Bitcoin Cryptocurrency News

If Bitcoin Closes Above $10,500, Expect an Explosive Rally to $14,000: Analysts

Bitcoin has seen quite the volatile past seven days. The cryptocurrency broke out on June 1st past $10,000, rallying as high as $10,450 on major exchanges in a move that liquidated dozens of millions worth of short positions on BitMEX. The move was notable. So notable that a prominent analyst, Raoul Pal of Real Vision Read more…