The “Bitcoin Bubble Index” is heavily hinting that another BTC price local peak will come this year.
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The “Bitcoin Bubble Index” is heavily hinting that another BTC price local peak will come this year.
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A curious pattern emerges as Bitcoin stays stuck in its defined trading range between $30,000 and $40,000.
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The only way is (more or less) up for BTC price action, the analyst insists, offering a potential 2021 high of $450,000.
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A $40,000 BTC price provides a classic entry point, the Bitcoin to stablecoin ratio oscillator suggests.
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On-chain data suggests that Bitcoin is staging a recovery like in December 2018 and March 2020.
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A decade to hyperbitcoinization is “most likely,” says Kraken executive Dan Held, a forecast echoed by Unchained Capital’s Parker Lewis.
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Top funds in the U.S. expect Bitcoin to hit anywhere between $130K to half a million in the long term.
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With institutions demanding protection from inflation and dollar depreciation, historical trends could see BTC/USD 8X from current prices, says Bloomberg Intelligence.
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Bitcoin could see in excess of 10x growth in the mid term should historical trends repeat for a third time, says ARK Invest’s Yassine Elmandjra.
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In a year of extreme volatility, Bitcoin price models have never had so much to prove — how did they do?
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