Bitcoin Price Won’t Nuke Below $25,000, Analyst Explains Why
Bitcoin has the least possibility of crashing below $25,000 now that institutional involvement in the space is hitting a record high, says Ki-Young Ju.
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Bitcoin at $100,000 has become somewhat of a generally agreed-upon peak for the current cycle. Various analysts have put the digital asset at this point before the end of the year, painting a rather bullish future for BTC. With Bitcoin’s recent touch at $69,000, this price point is looking more likely by the day. However, not everyone thinks that the asset will hit $100,000 in 2021. One of these is analyst Nicholas Merten. Merten has disagreed with the predictions for the digital asset that puts the year-end price at $100,000. According to the analyst, this is an overly optimistic target....
Ethereum’s rebound above $2,000 has already sparked a fair bit of bullish sentiment and the recovery has also pushed other altcoins higher. Despite the price correction, it doesn’t look like the uptrend is completely over yet, especially as bulls have been able to maintain the support above $2,000. Speaking on this, crypto analyst Celal Kucuker […]
Polls suggest that the Fed is likely to raise rates by 75 basis points as Bitcoin price clings to $19,000. Bitcoin (BTC) underwent a weak rebound on Sep. 21, and the U.S. dollar jumped to a new yearly high as investors await today's Federal Open Market Committee's interest rate decision.BTC price hold $19K ahead of Fed decisionBTC's price has managed to cling on to $19,000 with a modest daily gain of 1.33% . Meanwhile, the U.S. dollar index (DXY), which measures the greenback's strength versus a pool of top foreign currencies, rose to 110.86, the highest level in twenty years.BTC/USD vs.....
Bitcoin bulls should prepare for a price rally towards $23,000, according to an independent analyst.
Bitcoin draws comparisons to just about everything under the sun. Gold, the internet, even rat poison. But comparisons with the fossils of the early internet age like AOL or MySpace? One wealth manager with a focus on crypto explains why this simply will not be. Brilliant Business Minds Agree: Bitcoin Is As Powerful And The […]