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‘Ferocious Rally’: Weiss Ratings Bullish on Bitcoin, Price to Hit $70K Next Year

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Weiss Ratings has outlined key reasons why investors should be bullish about bitcoin, seeing a “ferocious rally” with the price of the cryptocurrency expected to hit $70,000 next year. In addition, the Federal Reserve’s massive money-printing and institutional investments into cryptocurrencies add to the bullishness. Why Weiss Ratings Is Bullish on Bitcoin Weiss Ratings analysts … Read more

Comprehensive Analysis Predicts Bitcoin Price Near $20K This Year, $398K by 2030

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A new, comprehensive analysis has predicted the price of bitcoin to reach almost $20K this year and will keep rising to almost $400K by 2030. The researchers have also predicted the future prices of several other major cryptocurrencies, including bitcoin cash, ethereum, and litecoin. New Bitcoin Price Forecast The June edition of the Crypto Research … Read more

Bitcoin’s March to $100K: A Number of Crypto Experts Who Believe the Price per BTC Touches Six-Digits

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A number of analysts believe that at some point in the future, Bitcoin prices will touch the six-digit zone or $100,000 or more per unit. This price point has been predicted by a variety of experts and analysts including the stock-to-flow (S2F) proponent Plan B, financial analyst Peter Brandt, the popular crypto trader Theta Seek, … Read more

Bitcoin Hashrate Spikes to 120 Exahash: Difficulty Drops Allowing Miners to Rejoin the Competition

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The Bitcoin hashrate is up this weekend after the network experienced it’s fourth negative difficulty adjustment this year. The Bitcoin (BTC) protocol’s difficulty adjustment dropped over 9% on June 4, giving miners who shut off their machines a chance to join the competition once again. Moreover, Glassnode statistics show that blocks are being produced at … Read more

Bitcoin Price Analysis for May 29th – BTC Going to Grow

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By Dmitriy Gurkovskiy, author at RoboForex Blog On Friday, May 29th, the BTC has grown steeply and is aiming upwards. It is generally trading at 9632.50 USD. On D1, the picture has hardly changed since last week. The pair keeps trading the upper border of the descending channel, trading between 50.0% and 61.8% Fibo. After yet … Read more

Bitcoin Price Analysis for April, 14th – BTC Risks To Drop

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By Dmitriy Gurkovskiy, author at RoboForex Blog. On Tuesday, April 14th, the leading cryptocurrency is declining, trading at 6850 USD. On D1, the support line of the correctional uptrend is broken away. These dynamics might be interpreted as a reversal aimed at forming a new declining wave with the goal of 3925.70 USD. Note that it … Read more

Virgin Galactic’s Chamath Palihapitiya: Bitcoin Could Go to $1 Million, Everybody Should Own Some

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Virgin Galactic Chairman Chamath Palihapitiya has shared his bitcoin investment strategy, predicting that bitcoin’s price could reach a million dollars. He further suggested that everybody should have 1% of their assets in bitcoin since it is “a fantastic hedge.” Also read: IMF Declares Global Recession, 80 Countries Request Help, Trillions of Dollars Needed Bitcoin’s Price … Read more

Blind Faith in S2F Models: Analysts Question Measuring Bitcoin’s Price With Stock-to-Flow

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One of the most bullish charts for predicting the price of bitcoin is the infamous stock-to-flow (S2F) model. The S2F analysis shows the price of BTC could reach $55,000 in the near future. One advocate of the S2F model, the Twitter account known as ‘Plan B,’ wrote a report about the subject and the article … Read more

‘Bull Run May Not Come Immediately After Bitcoin Halving,’ Says Bitmain’s Jihan Wu

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Bitmain cofounder Jihan Wu’s recent interview discusses some of his predictions concerning the future of bitcoin, mining, the bitcoin halving, and the cryptoconomy. Despite the coronavirus outbreak and its effect on the global economy, Wu is optimistic and he believes the modern central banks’ loose monetary policy infecting the world will bolster the value of … Read more