‘Blow-off top’ or $30,000? Traders muse Bitcoin’s end-of-year fate
Traders and analysts mull what's in store for Bitcoin after a historic day. After a historic day in which the headlines could hardly keep up with price action and Bitcoin set a new all-time high above $26,500, traders and analysts are now turning their attention towards what could be in store for the digital currency over the next five days as 2020 comes to a close.Historic candleWhile a 8-9% daily gain might be pittance compared to Bitcoin’s historical volatility — there was a 42% rally as recently as 2019 — as Messari founder Ryan Selkis pointed out, today’s rally featured only the....
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Bitcoin price is chasing after $18,000, but the shorter consolidation phase of this rally has led some analysts to expect a blow-off top. Bitcoin price is steamrolling toward $18,000, and excited traders are calling for the top-ranked digital asset to overtake the 2017 all-time high at $19,763. Unless you're a bear, reaching a new all-time high is great. But ideally, for a sustainable rally to maintain its pace, a staircase uptrend is more beneficial than a sudden upward climb. In recent weeks, BTC has continuously surged higher without prolonged consolidation periods or any major....
Cryptocurrency exchange CCEDK announced today that its Bitshares 2.0-based platform OpenLedger and a music streaming company PeerTracks have partnered with a new blockchain-based platform called MUSE to offer unique opportunities for monetising music. MUSE suites for variety of music-related payments such as royalties, music sales, merchandise and concert ticket sales. Moreover, it is easy to use not just for cryptocurrency users but for anyone as OpenLedger offers a fiat gateway that allows consumers to buy music and artists to sell it for USD, or to be correct for crypto-USD. MUSE....
There are many people who believe the music industry is broken. With physical sales plummeting to non-existent levels, digital and streaming music is the way the system operates today. However, artists are receiving only pennies for millions of plays and as much as 70% or more goes to the labels and distributors. A service called PeerTracks and a....
Pakistan is facing a similar fate as Sri Lanka and the Taiwan situation is heating up. Geopolitics can give us a glimpse into bitcoin’s role in macroeconomics.
Coins stationary for at least a year are suggesting that accumulation is done — something which traditionally accompanies the end of bear markets. Bitcoin (BTC) may already be beginning its new macro uptrend if historical "hodl" habits repeat.That was the conclusion from research into the latest data covering the amount of the BTC supply dormant for one year or more as of July 2022.Hodled BTC hints that the bear market is overAccording to independent analyst Miles Johal, who uploaded the findings to social media on July 29, a “rounded top” formation in "hodled" BTC is in the process of....