Predicting Bitcoin's Next Price Rise
Daniel Mark Harrison is a financial journalist and entrepreneur who writes a daily column for The Motley Fool UK and whose work has appeared regularly in other mainstream publications, including the Wall Street Journal. Since discovering bitcoin in early 2013, he has had a fascination for the digital currency. In this article, Harrison examines the many reason touted for the decline in the bitcoin price, debunking a few myths along the way, and takes a look at where the price might be headed in both coming months and years. The past weekend rounded up the recent trend of brutally....
Related News
On 23rd July, I predicted on Quora that the price of bitcoin at the end of the year would rest around $420. It appears at press time that I was not far off. As of 30th December, the bitcoin price is around $425. It seems I identified what many in the cryptocurrency community were predicting – 2015 was the year the bitcoin price would experience the slow and steadier growth it needed. In previous years there were a lot of unknowns in the cryptocurrency world. It was often believed that a better currency may come along or that bitcoin was just another form of the fabled 'Tulip Mania', a....
The XRP price is getting ready for a significant pump, as a new Cup and Handle pattern has just formed on its chart. A crypto analyst who identified the pattern has released an analysis, predicting that XRP could rise to $3.35, marking a new local high for the cryptocurrency. Cup And Handle Pattern To Trigger […]
Analysts are predicting a rise in Bitcoin mining profitability of about 35% during the short term. This would be the effect of the bitcoin mining crackdown in China. Since the crackdown happened, a significant portion of hashrate stemming from the Bitcoin network disappeared. Ousted miners are struggling to relocate, and some might not even make it due to the complicated logistics of these operations. All of these reasons combined can create a great time for new companies to enter the mining space. Bitcoin Mining Profitability Will Rise In The Short Term Bitcoin’s mining....
Dogecoin is demonstrating upward performance as bullish sentiment returns to the market, causing the dog-themed meme coin to rise above the $0.17 price level. With DOGE regaining traction, a crypto analyst points to a potential price reversal, predicting a notable upsurge in the upcoming weeks. Bullish Chart Pattern To Bolster Dogecoin’s Recovery Following a prolonged […]
A panel of crypto industry experts “sees a fairly bright future ahead” for Binance coin, predicting bnb to rise to $781 by 2025 and $1,814 by the end of 2030. One expert explained that “Since the bnb chain ecosystem continues to grow, the price may reach as high as $3,000 in 2030.” BNB’s Price Predictions Price comparison portal Finder updated its binance coin (BNB) price predictions Monday. The company explained that earlier this month, it surveyed a “panel of 54 industry specialists to give their predictions on binance coin’s price....