Bitcoin: Positioned for a significant long-term value growth
Mastercard spent $299 Million on capital expenditure in 2013, and I intend to conservatively assume that Visa, with its larger payment processing network, spent at least a similar amount. In the year 2013, MasterCard and Visa together processed a combined $7.4 trillion in purchases. Combining these figures with those of American Express and Discover, the four companies together generated $61.3 billion in revenue, during the same period. In January of this year, there were approximately 12.2 Million bitcoins in existence. I will agree that many of these bitcoins may well be 'Zombies' or....
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Uniswap’s governance token – dubbed UNI – has been struggling to form a long-term bottom, as each rally results in it seeing significant selling pressure that stunts its growth and leads to further downside. This has led to the token seeing choppy price action, which has generally favored sellers. Bulls are now trying to slow […]
The Spring has ended with Bitcoin exiting a flat, which has been there for more six months. Will that cause a continued long-term growth, or was it a false breakthrough? The long-term upward trend is continuing. After fortifying at the top limit of the long-term flat, Bitcoin’s price underwent a powerful upward impulse. Such movements usually appear when one of the development scenarios becomes unrealistic. A turn was needed around $450, in order for the long-term flat to continue. In that case, Bitcoin’s price would fall to the bottom limit of the flat, around $360-90. A turn to decline....
Bitcoin Price has made a breakout to the upside and, in doing so, has broken a long-term trendline that has defined decline for over a year. This analysis is provided by xbt.social with a 3 hour delay. Read the full analysis here. Bitcoin Price Analysis. Time of analysis: 05h05 UTC. Bitstamp 4-Hour Chart. From xbt.social analysis, this morning: The breakout is significant, not only for showing that the market has chosen the upside, but because in the process a long-term trendline that has rejected advance for over a year has been broken. This confirms our analysis of a change of long-term....
Ethereum’s price is moving up in a flat-like dynamic. It is now close to a medium-term resistance line, where the upward trend could be switched to a downward one. Will the long-term growth continue? As long as the structure of the current trend is not disrupted, the current growth will continue right until the medium-term level of $13.7. The future movement’s cycle will probably be decided at that point. If the downward correction continues below $10, there will be a rebound from the medium-term level of $13, where the diagonal channel and the Fibonacci level 23 intersect. Otherwise, if....
As was predicted, Ethereum’s price has bounced off the long-term resistance line. If the structure of that movement holds, a turn to growth is likely to happen. Will there be a turn to growth? After fortifying near the top resistance of $7.5 and forming a turn to growth, the short-term structure of the downward trend was disrupted, which caused a turnabout. Such movement indicates that the bulls are holding the advantage, hence the trend is likely to go up. It’s important to monitor the structure of this short-term increase. If a turn forms at the level of $7.3, the trend has a good chance....