KB Topic Price Bitcoin

Bitcoin Price Predictions 2018: Despite the Current Situation in the Market, Experts Insist That the Price of Bitcoin Will Get to $60,000 Before the End of 2018 (BTC News Today)
The first half of 2018 hasn't been favorable for cryptocurrencies. Bitcoin has lost over half of its highest value just within a brief period. At the beginning of the year, many experts predicted that Bitcoin will triple it's all-time high this year. Six months later with Bitcoin struggling to stay in the $4,000 level, some experts still believe it will sell as high as $60,000 by the end of the year. This article has been updated daily for the price changes. Phillip Nunn, a renowned ICO and cryptocurrency expert, predicted that Bitcoin will fall as low as $6,000 and rise as high as $60,000. This prediction was initially made in January. Six months later, Nunn reassured the cryptoverse of his conviction that Bitcoin will sell as high as $60,000 this year.

Below $4k: Bitcoin's Price Drops to a 420-Day Low
The price of bitcoin fell below $4,000 for the first time today since September 27th of last year. At around 16:20 UTC Saturday, the world's largest cryptocurrency by market capitalization sank to an average price across exchanges of $3,970.43, a figure 7.5 percent lower than the day's opening price of $4,298.83, according to Coindesks Bitcoin Price Index.  At $3,745.89 as of press time, BTC's price is now down more than $1,700, or 30 percent, in the past seven days alone and 81 percent from its all-time high of roughly $20,000, set back in December. While several well-known cryptocurrencies are posting positive 24-hour price developments when valued against BTC, including the likes of XRP (XRP), ethereum (ETH) and dash (DASH) which are all up more than 2 percent in BTC terms, the broader market is still experiencing substantial losses vs. the USD.

Overstock CEO Predicts Mass Crypto Adoption as Bitcoin Price Rises
-Bitcoin news, price, information & analysis Cryptocurrency markets have fallen by more than 70 percent this year. But according to a veteran from the industry, they are standing at the edge of a revolution. Patrick Byrne, the CEO of Overstock, an Amazon-like marketplace which accepts payments in Bitcoin, said in a recent interview that he is still expecting cryptocurrencies to reach mass adoption. The Bitcoin bull highlighted the failure of the mainstream financial systems and how the people working under these systems have abandoned their hyperinflated currencies for decentralized assets like Bitcoin.

Recovery in Doubt as Bitcoin Price Drops Out of Bullish Channel
Bitcoin is painting a less bullish picture than 24 hours ago, following a drop out of an ascending price channel. Stepping back, the leading cryptocurrency picked up a strong bid at $6,200 on Oct. 31, keeping the crucial 21-month EMA support intact. Further, it witnessed a symmetrical triangle breakout earlier this week, suggesting that bulls had come out victorious in a tug of war with the bears. The breakout had looked legitimate as the technical indicators turned increasingly bullish. In particular, the relative strength index rose to a three-month high of 59.00 yesterday, signaling strong bullish conditions.

Key Technical Indicator Shows Bitcoin Price Poised for 'Santa Claus Rally' - Bitcoinist.com
Reading: Key Technical Indicator Shows Bitcoin Price Poised for Santa Claus... Osato Avan-Nomayo · @3rdPesinSingula | Nov 08, 2018 | 06:00 Osato Avan-Nomayo · @3rdPesinSingula | Nov 08, 2018 | 06:00 The crypto market continues to endure a difficult 2018 after increasing posting astronomical gains in 2017. However, signs are beginning to emerge that Bitcoin price may set for another rally before 2019. According to Bloomberg, the Moving Average Convergence Divergence (MACD) for the Bloomberg Galaxy Digital Index is currently in positive divergence territory. This occurrence, pictured in the company's chart shown below is the first of its kind in over a month.

Bitcoin Price Broaches New Weekly High But Slips into Bearish Correction
On Monday, bitcoin underwent a bearish correction after establishing a new weekly high at 6440-fiat, falling close to 0.8 percent. The BTC/USD pair is trading in a bull trend above the 200-period simple moving average on hourly charts. The big move yesterday seems to have appeared more because of Tether, whose USDT token lost its dollar-peg once again, and its holders started jumping towards other coins. Prior to that, the BTC/USD pair was already pursuing a stable uptrend on near-term charts, albeit with low volume. The correction taking place at this moment also signifies the formation of yet another bull flag. In a traditional scenario, such a pattern could lead to a breakout action towards the north. That said, the current pullback action could put BTC/USD towards the lower trendline of the parallel channel formation, seeking a strong bounce back above the 50 percent Fibonacci retracement level at 6421-fiat.
November 05, 2018 5:17 PM


Bitcoin Price: BitMEX CEO Affirms Bear Call, Says BTC May Fall to $2,000
What a difference a few months can make. It seems like a lifetime ago that Arthur Hayes, CEO of cryptocurrency derivatives platform BitMEX, predicted that the bitcoin price could reach $50,000 in 2018. In fact, it has been less than six months, though the events that have occurred during that interlude have been sufficient for Hayes to slash his short-term crypto forecast by more than 95 percent. CCN reported earlier this week that Hayes, a former Citigroup trader, is now predicting that the bitcoin downtrend could last another 18 months, mirroring the nuclear bear market the crypto industry experienced in 2014 and 2015. Writing in Friday's edition of the BitMEX Crypto Trader Digest, Hayes doubled down on that portentous outlook.
November 02, 2018 4:23 PM


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