Bitcoin Price Jumps to $590, Bull Predictions Coming True?
The bitcoin price is rising like nobody’s business! After a disappointing period of hanging around $570, bitcoin has now jumped to $595 at press time, a near $25 spike that occurred in just a few hours. Bitcoin Price Confirming Past Predictions. Such a rise was to be expected, as discussed in our previous price pieces. The longtime sentiment among analysts was that bitcoin was preparing itself for a massive bull run, although no one predicted it would begin this early. Bitcoin has certainly surprised us with its rapid rise in price. Some analysts claim they’ve felt the start of a bull run....
Related News
Another rise in the bitcoin price — since our last price piece, bitcoin has jumped up by about $3, and is hovering around $673 at press time. With the highly-anticipated block reward halving drawing ever-near, this bump might be an indicator for an even larger rally in the coming days. The Halving: What’s Going to Happen? The halving month has finally arrived, and this could potentially be the first of several jumps in the coming days and weeks. While no one is making any real predictions yet, the fact is that there is no going back. Bitcoin has reached ‘the point of no return,’ and....
For the last 29 years, Mr. Byron Wien, currently vice chair of Blackstone Group Investment and Advising firm, has released a list of 10 surprise predictions for the coming year. He often includes predictions that he doesn't feel belong in the top 10, but that he still feels the need to flex his ego over and publish them anyways. This year, Bitcoin has finally made the list. Byron Wien describes a “surprise” as an event which would have an occurrence rate that the “average investor” would only assign a probability of 1/3. However, Mr. Wein, as a self-proclaimed “above-average investor,”....
Bitcoin continues to beat expectations this year. Despite most investors speculating the bull market was already over, the digital asset has posted another rally that shows that the market might in fact still be in a bull cycle. The last two weekends have seen bitcoin prices adding at least $4,000 in the span of three days. Breaking what has been a slow and brutal downtrend cycle in the market for the last month. Now, on-chain expert Willy Woo was on the podcast What Bitcoin Did to talk about the price of bitcoin and give his predictions regarding the price. Woo, for one, does not believe....
Earlier in 2020, Bloomberg Intelligence claimed Bitcoin would soon reach $12,000 and would be a primary beneficiary in the post-pandemic world. The prediction coming true has the analyst who made the call sharing a new chart that appears to hint that the cryptocurrency is about to explode into another bull run, much like it did […]
Shiba Inu (SHIB) has been one of the crypto tokens that has been talked about the most since this market cycle began. Different analysts have weighed in and given several bullish price predictions on how high the meme coin could rise as this bull run progresses. Shiba Inu To Hit New All-Time High Soon Shiba […]