Bitcoin

Citibank Group’s Global head of Citifxtechnicals product, Tom Fitzpatrick expects to see the price of bitcoin peaking at $318,000 by end of 2021. Although he concedes that his prediction might seem improbable, Fitzpatrick argues that such a surge will still be the weakest rally for the digital asset when compared to other assets such as gold. He also adds that bitcoin is all about the”unthinkable rallies followed by… Source link

Bitcoin has recently found its feet after an uncertain couple of years following its 2017 boom and subsequent bust. The bitcoin price has recently rallied to over $16,000 per bitcoin, riding a raft of positive news to come within touching distance of its 2017 all-time high of around $20,000—a peak that surging demand out of China helped it reach. Now, with China continuing to tightly regulate bitcoin and other cryptocurrencies even as it begins the roll out of its hotly-anticipated… Source link

Bitcoin (BTC) begins a new week with stocks rising and the U.S. dollar falling — all while trading back above $16,000. What’s next for price action? Cointelegraph takes a look at the factors which could shape how Bitcoin moves in the coming days. Stocks near all-time highs while USD sinks This week’s macro environment feels somewhat different to the last — stocks are gaining, boosted by a major Asian trade deal, while the U.S. dollar is losing ground. According to the latest data on… Source link

Over the weekend numerous traders pointed out that Bitcoin (BTC) price broke its parabolic uptrend which had dated back to September. Technical analysts are bracing for a pullback as the dominant cryptocurrency eyes consolidation. Bitcoin could still see a strong recovery after the weekly close if there is a continuation of the rally. But it would need to quickly re-enter the parabola or risk a potential downward correction. Traders pinpoint $15,500 as the key level to maintain the bull… Source link

Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link.   Top Stories This Week Bitcoin price at $16,000 and beyond? Here are the bear and bull cases We’re undoubtedly in a bull market right now. This week, Bitcoin hit $16,000 for the first time in years.  Even this weekend’s… Source link

The Bitcoin Cash community has been patiently waiting for weeks for the November 15, 2020 upgrade and the day is finally here. Every six months the Bitcoin Cash network upgrades, but this time around, a conflict sparked over Bitcoin ABC’s Infrastructure Funding Plan (IFP). During the course of the day, the following editorial will be monitoring the Bitcoin Cash upgrade in real-time so our readers can be kept up to… Source link

Joe Biden, the U.S. President-elect, is preparing to move his administration into the White House and bitcoin supporters are hoping Biden will take a more favourable stance toward crypto than President Donald Trump. Last year, Trump sent shock waves through the world of bitcoin and cryptocurrencies when he tweeted a tirade against bitcoin, sparked by Facebook’s plans for its libra cryptocurrency. Now, the bitcoin and cryptocurrency community is eagerly looking forward to Biden’s… Source link

A Bitcoin (BTC) whale placed a $100 million short on Bybit, according to the pseudonyms trader CL. It comes after various on-chain data points toward a whale-driven sell-off throughout the past week. Though the momentum of Bitcoin remains strong, there are many reasons that make $16,000 an attractive area for sellers. There is significant liquidity at $16,000, primarily because it is a heavy resistance level. But the level has seen relatively high buyer demand, stablecoin inflows show. Hence,… Source link

There are very few investments that can deliver an infrastructure-style downside case with a venture-capital-style upside. The combination of energy arbitrage with accumulating a balance sheet of Bitcoin (BTC) can deliver this. That is why we are seeing a rush of institutions pouring into the Bitcoin mining space and starting to build out megafacilities. Securing new-generation hardware At its peak performance in 2018, Bitmain was able to produce over 95,000 rigs per week. However, since that… Source link

The price of Bitcoin (BTC) dropped to as low as $15,670 on Binance on Nov. 15. The highly volatile drop came hours after BTC reached $16,355, demonstrating strong momentum.  Three key factors likely caused the overnight drop in the price of Bitcoin. The three potential factors are a weekend shakeout, the daily moving average (MA) retest, and a retest of the parabola. BTC/USD daily chart . Source: TradingView.com Weekend shakeouts and lower support retests are healthy As Cointelegraph reported,… Source link