History Suggests Bitcoin’s Next Big Breakout Will Take Place at the End of 2020
Bitcoin’s price has been showing signs of strength throughout the past few hours, finally pushing above $10,600 This strength is tempered, and bulls remain in a precarious position as they struggle to catalyze any sustainable uptrend The entire market has been relatively quiet over the past few days and weeks, with many altcoins drifting lower as BTC shows signs of weakness One analyst is noting that a historical analysis of Bitcoin’s present outlook suggests that […]
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Bitcoin is stuck in an ever-tightening range between $10.5K and $10.8K and appears set for a breakout, though options trading suggests $16K might represent an upper bound in 2020.
2020 has been an epic year for crypto and blockchain, but some did more than most to help spur adoption. In future years, it’s possible that 2020 will be seen as a watershed moment for cryptocurrencies. When Black Thursday hit in March, it wiped billions off the markets in a matter of hours. Anyone would have been forgiven for thinking recovery would take years. But by December, Bitcoin (BTC) has gone on to achieve a new all-time high, breaking the $20,000 resistance and almost reaching $24,000 in the process. This has come at the end of the first year in Bitcoin’s history where it was....
In a recent analysis shared by renowned crypto analyst, Jaydee, Dogecoin (DOGE) appears to be setting the stage for a potentially significant price rally. The chart showcases a series of technical indicators and patterns that hint towards a bullish trajectory for the meme coin, with a projected price target above $1.5. In a tweet accompanying the chart, Jaydee remarked: “Dogecoin – meme (shitcoin) with a beautiful chart structure! Will DOGE have that confirmed breakout?! Last time it broke out from a multi-year triangle, it 380x in price! Similar structure compared to the....
We asked our community to help wrap up Bitcoin’s wild 2020 and predict what could happen in 2021. Here are the results. The post Reader Survey: Bitcoin’s 2020 And 2021 appeared first on Bitcoin Magazine.
Through adoption, price increases and more, Bitcoin’s 2020 improved the certainty that bitcoin will become the global reserve asset. The post Bitcoin’s 2020: The Rise Of Certainty appeared first on Bitcoin Magazine.