Bitcoin May Hit $180,000 This Year, But Only If This Scenario Plays Out: Ambe...
Bitcoin (BTC) began the week with a sharp rebound that briefly lifted the world’s largest cryptocurrency back toward the $74,000 mark on Wednesday for the first time in more than a month. However, as the week comes to a close, that momentum has faded, with BTC sliding back to roughly $68,260. Even with the choppy price action, on-chain analytics firm Amber Data argues that the broader outlook for Bitcoin remains constructive. In its latest market report, the firm suggests that new all-time highs are still possible this year. Post-Liquidation Reset Amber Data describes Bitcoin as entering....
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Crypto plays a vital role in shaping the modern-day war. It is used to buy weapons and boost the morale of combatants – and in this scenario – mercenaries who are just out there to add to an ongoing bloodshed. On Friday, the United States Treasury Department stated that 22 persons and two businesses with […]
In a new note to investors, Goldman Sachs projects “low odds” that the dollar will close the year on a high note, chiefly due to a potential “blue wave” win where Biden sweeps the vote. These poor conditions for the greenback, however, is a best-case scenario for Bitcoin, which could benefit enormously if Democrats take office. How a Democratic Victory & Joe Biden Win Could Positively Impact Bitcoin 2020 is unarguably the most challenging year […]
The cost to purchase one Bitcoin token can go up to $22,000 in the fourth quarter. That is possible if a textbook technical indicator plays out as it typically does. Dubbed as “Rising Wedge,” the pattern holds the history of reversing uptrends 63 percent of all times. It gets formed when an asset trades upward […]
Quick Facts: ➡️ Ripple’s Brad Garlinghouse sees Bitcoin potentially reaching $180K by 2026, a scenario that historically favors high-beta infrastructure plays over spot $BTC alone. ➡️ Garlinghouse invokes the pro-crypto regulatory framework, led by the CLARITY Act, as the main driver behind Bitcoin’s coming performance. ➡️ Bitcoin Hyper ($HYPER) targets Bitcoin’s biggest limitations by using […]
Bitcoin has been consolidating over the weekend following a bearish swing last week from about 262 down to 230. Then, price started to consolidate between the 230 low and a high around 240. The 1H chart shows the small range where price is now hugging the 50-hour SMA. With the 100-, and 200-hour SMAs still above, sloping down, and in bearish alignment, bitcoin maintains a bearish bias within the consolidation. Bitcoin (BTCUSD) 1H Chart April 13. Bearish Scenario is Favored: Furthermore, the RSI remained under 60, which reflects maintenance of the bearish momentum. The favored scenario is....