Industry Insiders Predict ‘Higher’ Bitcoin Price in 2017
Let’s take a look at what some of Bitcoin’s industry insiders predict for 2017 as general sentiment is more bullish than ever and BTC is eyeing a new all-time high. Tulip? More Like Champagne Bubbles. Bitcoin is no stranger to bubbles. In fact, there’s probably a Tulip-mania inspired obituary out there already. But tulips can’t store value long-term, can’t be sent to the other side of the globe in seconds, and certainly can’t live on your mobile phone. Bitcoin is a different breed indeed. Its fluctuations come and go…and come back again stronger than ever. You see, it is becoming....
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Bitcoin is a way off from its $67,000 all-time high, but analysts say historical data and fractals point toward “another leg” up. On Oct. 22 Bitcoin (BTC) price entered what some traders predict to be a "consolidation phase" as investors lock in profits following a non-stop run-up in price that began on Oct. 1 and saw BTC increase 55% in just three weeks. Data from Cointelegraph Markets Pro and TradingView shows that a wave of midday selling on Friday dropped the price of Bitcoin from support at $63,300 down to the $60,000 level. BTC/USDT 1-day chart. Source: TradingViewHere’s what market....
Several of the Bitcoin experts are expecting another Bitcoin bubble this year, although it will hopefully be a more legitimate one. The Bitcoin price will always remain a topic of significant debate, as there are those who feel the cryptocurrency is undervalued, whereas others predict stagnation or even a decline. Several Bitcoin experts weighed in with their thoughts recently, and there are some interesting responses, to say the least. The Bitcoin Price Throughout 2016 and 2017. There have been some spectacular Bitcoin price predictions in the past, and even though the value per BTC has....
In August, the volume of personally owned stock sold by corporate executives reached its highest level since 2015, followed by a 10% decline in the S&P500 in September.
The Google trends data for the search term “Bitcoin” shows that the curve today is similar to that of the 2017 bull market. Can Google Trends Predict A Bull Market? As pointed out by Twitter user Bitcoin Archive, the Google Trends graph for “Bitcoin” matches up with the last leg up for the 2017 bull […]
New data analysis methods can predict bitcoin price movements based on social sentiment. This introduces a new front in the war on FUD.