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Archive for December 2020

Bitcoin Likely to “Grind Up” to $30,000 as Bulls Take Control

Bitcoin has seen some massive volatility as of late, with the benchmark cryptocurrency remaining stuck below its recently set highs but not seeing any sustained downtrend Its strength seen in the time since it faced a grim rejection at $28,500 has been impressive, invalidating the notion that this is a local top Where the market…

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Here’s What History Says To Expect From Bitcoin In 2021

Bitcoin has had an explosive breakout year as a maturing financial asset,. The cryptocurrency is finally being considered by institutional investors for the first time, during a year that will go down in history for unprecedented money printing.  The asset’s hardcoded digital scarcity is a primary driver of its boom and bust cycles, and in…

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SkyBridge Capital Expects “Tidal Wave” of Capital to Hit Bitcoin

Bitcoin has undergone an extreme rally over the past three months, pushing to $28,000. BTC now trades for $26,500 even after a slight correction. Analysts believe that there will be a tidal wave of capital entering the cryptocurrency space that will boost prices even more. Bitcoin Could Get Hit By Tidal Wave of Capital Bitcoin…

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Northern Data – The Perfect Indirect Exposure to Bitcoin

This Christmas was surely a merry one for owners of Bitcoin.  While purists would always argue for owning Bitcoin directly, this simply still is not possible for most professional investors and fund managers. For these investors, a good alternative to bridge the time till Bitcoin will have become fully mainstream is to invest in stock-market-listed…

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3 Reasons Why Bitcoin Could Hit $30,000 by New Year Eve

Bitcoin has become a tirelessly bullish asset. The benchmark cryptocurrency logged yet another record high on Sunday, hitting $28,387 as traders/investors measured its strength against the US dollar, the global reserve currency that has plunged by more than 12 percent from its mid-March top. At least, that is the popular narrative so far. But bulls…

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Bitcoin “Bear Whales” Show Signs of Exhaustion as Analysts Eye Upside

Bitcoin’s price has been fairly stagnant throughout the past few days, with its recent rejection at highs of $28,500 kicking off a short-term consolidation phase Where the crypto trends in the mid-term may depend largely on whether or not bulls can invalidate these highs as a potential “blow-off top” There has been speculation that the…

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The Factor That Could Lead To Much Higher Prices This Bitcoin Bull Run

Bitcoin price reached more than $28,000 over the holiday weekend, giving investors extra to celebrate as the bizarre year of 2020 comes to a close.  Analysts are mixed — some warn Bitcoin has topped out based on technicals while others look to fundamentals and other factors unique to this cycle such as the emergence of…

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Bitcoin Latest Correction Prepares Ground for $30K Test: Analyst

A downside correction in the Bitcoin market at the beginning of this week may prepare a fresh run-up towards $30,000, says Teddy Cleps. The independent market analyst tweeted a technically bullish set up on Monday, projecting the Bitcoin price in a trend continuation pattern. In the chart, traders can observe the cryptocurrency consolidating inside a…

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