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Tom Lee: BTC can reach $27,000 in six monthsBitcoin value should go up to $27,000 in the next 6 months, Tom Lee, co-founder of Fundstrat Global Advisors, said.
He pointed out that BTC had moved back above its 200-day moving average — previously this led to a strong upward movement. In addition, halving scheduled in May, geopolitical tensions and even the epidemic of the coronavirus in Cina will become positive factors for the price of bitcoin.
“Whenever bitcoin breaks back into its 200 day, its average six-month gain is 197%,” Lee said.
Why Bitcoin has already changed the trend to a growing oneBitcoin has moved into a growth phase, according to the trader and founder of Bloсkroots Josh Rager. On a chart, he pointed at a series of ascending highs and lows, each of which is higher than the previous one, which is a bullish trend by definition.
“For you BTC bears in denial, the trend has officially changed & many still don’t seem to understand that. I made a chart to show you what it looks like when a trend changes to higher-highs and higher-lows. It’s a simple concept. BTC even closed above a key level at $9,550,” Ranger tweeted.
In the comments, some users disagreed with the trader and told him that on large timeframes, the price will draw the first higher high only it will keep above $9’550 for several days.
Bitcoin has formed a strong bullish signalTrader Blockchain Blitz noticed a “golden bull cross” that has formed on the BTC/USD daily chart — the intersection of the 50-period and 100-period moving averages. He pointed out that in most cases after this event, the price surged.
“Golden Cross on the 1D chart today for Bitcoin Historically speaking, from 2014, 7 times out of the 8 this happened, a rip upward followed,” the trader tweeted.
The “cross” appeared last time at the beginning of 2019, after which Bitcoin went up 3.6 times — from $3,700 to $13,300.
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Third, Bitcoin fulfills the needs of a global, digitized economy. A Bitcoin can be sent anywhere across the world almost instantaneously with low fees. The 21 million Bitcoins can be subdivided ... Bitcoin is the reason behind the shift in fundamental value. It’s expected that the price of Bitcoin is going to double in the next years. However, no economic analysis can predict the future of ... Bitcoin has had a rollercoaster year amid the COVID-19 pandemic market disruption but has ultimately persevered adding over 40% to its price and now exceeds $200 billion in market capitalization.. The Bitcoin price sat at around $7,000 per Bitcoin token at the beginning of 2020, before crashing to under $4,000 on Black Thursday in March. The Bitcoin price has since rebounded to and sits at ... In terms of the crypto asset market more generally, it’s unclear if other coins would rise as quickly as Bitcoin in a bull market, as 2019 was a historically bad year for altcoins. This causes the projections of Bitcoin to rise. Naturally, as you can imagine, things are much more complicated than that - still, it should serve as a decent general waypoint. The Supply and Demand of Bitcoin. When Bitcoin was created by Satoshi Nakamoto, he set a limit for how many Bitcoins can be made — 21 million. This means that for as long as Bitcoin exists, there can only ever be 21 ...
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In this video we will look at if this is a good time to buy Bitcoin and if the price is set to rally into the halving or if more downside risk is present. FREE TELEGRAM - https://t.me ... * Nobelpreisträger sagte gewaltigen Anstieg von BTC im Jahr 1991 voraus * Bitcoin (BTC): Ein sicherer Hafen – für die richtige Krise * Laut Daten halten mehr... Top reasons why #Bitcoin’s price will continue to rise over time, the real threat of Facebook’s $LIBRA coin, Binance lists $BTCB, Digitex futures introduces ... * 5 Gründe warum Bitcoin bereit ist eine steile Rallye zu erleben * Welche Probleme könnten BTC daran hindern, 1 Million USD zu erreichen * Wo Kaufe und Verk... Auf $11.000 (ca. 9.200€) steht Bitcoin aktuell- und das nach der kleinen Korrektur von Vorgestern. Die vergangenen Schwankungen im Markt und das Potenzial einer Blase besprechen wir in diesem Video!