Gold Is Poised to Retake a Crucial Support—and That’s Bullish for Bitcoin
Bitcoin has seen muted price action over the past few days after plunging from the $10,900 weekly highs as a result of negative new regarding BitMEX. Gold may soon be primed to retake a crucial support level on a medium-term scale, which may help to boost BTC after the aforementioned correction. Related Reading: Ethereum Transaction […]
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Ethereum has strongly underperformed over recent days, but it may bounce soon. One trader noted that the coin has reached an important technical support level as per the Ichimoku Cloud. This is likely to result in a bounce, analysts say. Ethereum Poised to See Rally as Crucial Support Is Hit Ethereum has strongly underperformed over recent days. The leading cryptocurrency has slipped from around $420 to $386, despite the price of Bitcoin setting new year-to-date […]
Parsing the history of money, stock-to-flow ratio transaction costs and other critical metrics demonstrates that bitcoin will replace gold. The post Pass The Baton Already: Why Bitcoin Is Poised To Replace Gold appeared first on Bitcoin Magazine.
Dan Tapiero told Anthony Pompliano that $15 trillion in institutional capital could flow into Bitcoin, pushing prices as high as $500,000. Gold Bullion International co-founder Dan Tapiero believes that it’s only a matter of time before Bitcoin’s price surges into the six-figure threshold. Speaking to Anthony Pompliano on the Pomp Podcast, Tapiero asserted that in terms of price appreciation Bitcoin is the king, even though he believes investors should own both gold and Bitcoin:“In the next five years, I can see gold at $4,000, so that’s double. But if gold is at $4,000, Bitcoin is....
Bitcoin looks poised to reach fresh price highs according to a flurry of crucial on-chain indicators.
Bitcoin surpasses $60,000 and looks poised to retake a new all-time high soon and pump to prices never seen before.