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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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Bitcoin price has formed a long-term bullish pitchfork channel, that if the asset continues to follow, could result in the next Bitcoin price peak and all-time high taking place above $100,000, to as much as $400,000 as predictions from experts suggest. Because of this halving, bitcoin’s supply is expected to rise by just 2.5% in 2020 — an all-time low for the cryptocurrency. It’s expected to rise by less than 2% in 2021. It’s expected to ... Bitcoin Price To Rise Above $20,000 In 2020, Says Bitpay’s Singh. ... And that little bump actually in buying pressure really drives it to be up, next thing you know, 20% in two days.” ... Closely-followed trader and crypto strategist Credible Crypto sees XRP meteorically rising by over 12,900% in the next Bitcoin boom cycle. In a new tweet, the crypto analyst tells his 68,000 followers that Ripple’s native token has the potential to massively increase one’s net worth in the coming years. “Keep it real. Bitcoin’s 9,000,000% Rise This Decade Leaves the Skeptics Aghast By . Vildana Hajric. December 31, 2019, 12:00 AM EST ... But beyond next year, “Bitcoin is finding its own narrative as digital ...
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Back in 2013, an anonymous figure posted on the r/Bitcoin subreddit claiming to be a time traveller from the year 2025. He made a series of predictions for the price of Bitcoin in future years ... The Best Explanation You Will Get About The Bitcoin Halving***** Fed Printing INFINITE Money👉 https://youtu.be/cfs3plqdcBA https://www.thefundamentalsecrets.... $100,000 Bitcoin (BTC) in the next bull run (2019 or 2020). Other successful cryptos will rise in greater percentages than this. (ETH & EOS for two examples)---- Most of you are familiar with the original bitcoin stock to flow model, recently Plan B slightly modified the model and came up with even higher BTC price target. In this video I will explain how ... 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 ...