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“# Bitcoin analyst gives 4 reasons why BTC price will hit $22,000 next ” Philip Swift, a Bitcoin (BTC) analyst and the creator of Lookintobitcoin.com, laid out four reasons why BTC is headed to $22,000. Both fundamental and technical factors indicate the top cryptocurrency’s momentum is strengthening. The one-year HODL percentage, the decline of Bitcoin…
“# Bitcoin price will hit $65K as network effect has ‘taken over’ — Mike Novogratz ” Bitcoin (BTC) will hit $65,000 due to a combination of low supply and “tons of new buyers,” major investor Mike Novogratz says. In an increasingly popular Twitter debate on Nov. 17, Novogratz, who is well known for his prominent…
“# Price analysis 11/16: BTC, ETH, XRP, LINK, BCH, LTC, BNB, DOT, ADA, BSV ” As Bitcoin (BTC) continues to rally to a new 2020 high above $16,700, traders are pondering whether this is the start of a new bull market. Mike McGlone, senior commodities strategist at Bloomberg Intelligence, believes that the main hurdle is…
“# Bitcoin hits new 2020 high at $16.7K —Traders expect bigger breakout ” The price of Bitcoin (BTC) hit a new yearly high at $16,717 on Binance. Following the breakout, traders expect a larger rally to occur in the near term. There are several reasons why analysts expect a prolonged uptrend. First, Bitcoin cleanly broke…
“# Bitcoin price must break this level to extend 6-week winning streak ” Bitcoin price has been showing significant strength as Bitcoin (BTC) rallied by more than 60% in a matter of six weeks, surging from $10,000 to $16,500 and leaving many investors behind. These investors were waiting for the close of the CME gap at…
“# $1T market cap is ‘next big resistance’ for Bitcoin — Bloomberg analyst ” Bitcoin (BTC) hitting its all-time highs of $20,000 again is not the end, but the start of its explosion to a $1 trillion asset, a senior Bloomberg analyst says. In a tweet on Nov. 16, as BTC/USD reclaimed $16,000, Mike McGlone,…
“# Citibank analyst makes tentative $318K Bitcoin prediction for December 2021 ” A recent Bitcoin (BTC) technical analysis prepared by CitiFX for its institutional clients points to a potential high of $318,000 sometime in December 2021. As highlighted by Twitter commentator Alex on Nov. 14, the exact figure is of little value over such a…
“# $2.3B in Bitcoin exchange outflows dwarfs the amount of new BTC mined ” From Oct. 15 to Nov. 15, Bitcoin (BTC) exchange outflows dropped from 2.5 million to 2.355 million, the lowest levels since August 2018. Approximately 145,000 BTC, worth $2.35 billion at a price point of $16,200, moved out of exchanges. Bitcoin exchange…
“# Stocks boom, dollar gloom: 5 Things to watch in Bitcoin this week ” Bitcoin (BTC) begins a new week with stocks rising and the U.S. dollar falling — all while trading back above $16,000. What’s next for price action? Cointelegraph takes a look at the factors which could shape how Bitcoin moves in the…
“# Traders say $15.5K level ‘crucial’ after Bitcoin price dips below parabola ” Over the weekend numerous traders pointed out that Bitcoin (BTC) price broke its parabolic uptrend which had dated back to September. Technical analysts are bracing for a pullback as the dominant cryptocurrency eyes consolidation. Bitcoin could still see a strong recovery after the…