The Factor That Could Lead To Much Higher Prices This Bitcoin Bull Run
Bitcoin price reached more than $28,000 over the holiday weekend, giving investors extra to celebrate as the bizarre year of 2020 comes to a close. Analysts are mixed — some warn Bitcoin has topped out based on technicals while others look to fundamentals and other factors unique to this cycle such as the emergence of institutional buyers to support continuation. But there’s yet another overlooked factor that one investor and crypto startup founder claims could […]
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Bitcoin price is on the rebound, but after such a sharp fall and more than 50% retracement, any reversal must be considered a potential bull trap until much higher prices are reclaimed. Further adding credence to the theory of a potential bull trap, a trend strength indicator very clearly shows that bears are in charge, […]
In the below infographic, the creators attempt to equate the value of Bitcoin to the value of other assets, resulting in a 1.4 million dollar bitcoin! In the last bracket, all the way at the bottom, you see they come up with 1.4 and 2.8 million dollar bitcoin prices, if bitcoins were these other assets, or based on them, it seems. This is insane, of course, but it makes one wonder what a true ceiling on bitcoin value would look like. The asset is fixed which means there will never be more than a certain amount. This should contribute to a higher value, but won't matter until interest is....
The Shiba Inu lead developer has provided eagerly awaited insights on SHIB’s bullish outlook to community members, emphasizing the cryptocurrency’s readiness for the upcoming bull market. Shiba Inu Prepared For Bull Run Shiba Inu’s lead developer, Shytoshi Kusama has taken the initiative to address SHIB’s ongoing developments to Shiba Inu’s community members. Kusama has also […]
With a growing market cap and share, a new trend of higher premiums on lesser-known currencies seeking to buy Bitcoin has emerged of late, though it can’t be said to be a major contributing factor driving the rise in its price. The founder of BitcoinAverage, Shaun Gilchrist, believes there have been consistently higher premiums in currencies other than USD such as INR, KRW, BRL, MXN and others. “I've noticed historically that when currencies highly focused on P2P markets and those currencies with lower volume start to run away from our global price, upwards movements are likely incoming,”....
Despite prices rallying in today’s session, bitcoin continued to trade below $20,000 on Wednesday following recent declines. Although ETH was also marginally higher, its price was once again trading under $1,100. Overall, crypto markets were nearly 1% higher as of writing. Bitcoin Bitcoin was trading slightly higher on Wednesday, however prices of the token are still under $20,000 following a recent sell-off. The world’s largest cryptocurrency rose to an intraday high of $19,973.58 in today’s session, as bulls attempted to reenter the $20,000 region. However,....