Bitcoin Hits $56,000, What’s Next?
In January 2021, Bloomberg Analyst Mike McGlone predicted that the price of bitcoin would hit $50,000 at some point this year. At the time, the value of the leading crypto asset was merely hovering above $30,000, and the $50,000 mark felt a very long way off. Less than a full month later and the cryptocurrency king has not only passed $50,000 — a major price milestone — but exceeded $56,000. And it appears as if nothing can stop it from going even further. The price rise that has seen bitcoin nearly double in value since the beginning of 2021 started in late 2020, when the cryptocurrency....
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Here's a look at what we are focusing on in the bitcoin price this morning. So we’ve come to the end of the week, and it’s been an interesting one! We’ve had a couple of classical patterns, some intrarange action, and some nice breakout scalps. All of these things have given us opportunities to get in and out of the markets for a few good take profit hits. We’ve also seen a few stop loss hits, but as things stand, we remain net up on the market. We’ve got one day’s worth of trading left, and we want to try and make the most of it. As we head into today’s session, then, what are we looking....
What if Bitcoin’s price surges beyond the 2013 record high reaching $10,000 a coin like Tim Draper predicts? Would you pay off your student debts? Start a Bitcoin business? Buy a Bentley? Bitcoin.com decided to run an experiment to see what some enthusiasts would do if the price hit five digits. What Would You Do If BTC Hits 10K? Beginning back in....
Most large-cap altcoins have moments of brilliance in this current bull cycle, with Solana and XRP being some of the stand-out performers. On the other hand, Ethereum “the king of altcoins” has struggled to impress, underperforming over the past year. The latest on-chain data shows that a significant percentage of ETH investors are now underwater, […]