$BTC Articles

Bitcoin moved below the $47,000 support level, followed by a potential Head and Shoulder pattern. As a result, the price crashed below the $34,000 level from where buyers’ can regain the momentum.

Short-term Bitcoin (USD-BTC) price movements are irrelevant because the digital coin is likely to trade above the $100K level by the end of this year, according to analysts from Citi and JPMorgan. The sentiments are strengthening because reports have started hinting that the most valuable cryptocurrency will become the choice of currency for international trade.

Tesla (NASDAQ: TSLA) founder Elon Musk appears bullish over the future fundamentals of Bitcoin (BTC-USD) as the largest electric car maker generated $1 billion from its investment in the most valuable cryptocurrency. Early this month, Tesla reported an investment of $1.5 billion in bitcoin and announced to accept the digital coin as a valid form of payment.

Gold price, which jumped above $2000 an ounce a few months ago and rallied almost 22% in 2020, is now out of demand as investors moved their focus towards risker assets, including stock markets. The price of gold fell close to 6% so far this year with expectations for more drop in the days ahead.

The mid-cap analytics company MicroStrategy (NASDAQ: MSTR) has generated big gains for investors in the past two quarters amid the massive rally in bitcoin (USD-BTC) price. The chairman and chief executive officer Michael Saylor’s strategy of converting fiat currency into digital coins worked for MicroStrategy because the company has successfully turned its millions of dollars into billions of dollars.

Bitcoin price has hit the $49.7K mark in Sunday trading after hints that banks, which were the major critics of digital currencies, have also started capitalizing on profit-making opportunities from the cryptocurrency markets.  The Valentine’s Day rally was driven mostly by the announcement from the nation’s oldest bank BNY Mellon of opening up its custody services to digital assets.

Apple (NASDAQ: AAPL) stock price has been trading in a tight range since the start of this year and struggling to post big gains despite generating record December quarter sales.

Bitcoin (BTCUSD) price extended the upside momentum and hit the new all-time high of $47K in early Asian trade on Tuesday, thanks to Tesla’s (NASDAQ: TSLA) $1.5 billion worth of investment in the cryptocurrency – which many analysts believe has set the path for wider corporate acceptance.

The world’s richest man and Tesla (NASDAQ: TSLA) founder Elon Musk has been frequently tweeting about Dogecoin (DOGUSD) over the past few days, pushing the joke coin price to all times high and helping stretching the market cap to $10 billion.

Tesla (NASDAQ: TSLA) founder Elon Musk, who frequently talks about bitcoin, will accept bitcoin as a legal form payment for Tesla products in the near future, disclosed it invested $1.5 billion in the largest digital currency. Tesla ended 2020 with $19 billion in cash and cash equivalents.

It’s been a wild ride in the cryptocurrency space over the last 24 hours. Dogecoin hit record new highs and entered into the top 10 cryptocurrencies MarketCap list.

Tesla (NASDAQ: TSLA) stock and Bitcoin are among the two hottest plays of 2021 as market participants have aggressively been expanding bullish bets.

Bitcoin Trading- Pricing New Highs And The Prediction includes all you should know about the Bitcoin price prediction in 2021 in both bullish and bearish market conditions.

Bitcoin price doubled in the last month alone, surging from $20K to $40K on the back of bullish thesis and rosy outlook. Bitcoin price experienced an unprecedented rally since the digital coin broke the three-year-old high of $20K on November 30.

Bitcoin price has resumed its upside momentum after experiencing the largest one-day selloff on Monday, thanks to investor’s optimism over digital currencies and a massive inflow of investments.

Bitcoin price rebounded above the $31,000 level after the largest single-day decline in Monday trading, extending the unprecedented volatility into 2021 that initially started since the beginning of the September quarter of 2020.