Bitcoin Price is Likely to Break Psychological $50K Soon
Bitcoin (USD-BTC) price cruises to a new all-time high of $48600 level in Thursday trading but failed to breach the $50K resistance level and fell back to the $47K range. However, the market fundamentals suggest $50K is just a near-term physiological mark as the largest cryptocurrency is set to generate massive gains this year.
Bitcoin Hit $47.5K Amid Prospects for Wider Corporate Acceptance
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.
Dogecoin: Is Elon Musk Involved in the Pump and Dump Scheme?
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.
Bitcoin Price Tops $40K, But Correction is Not In Sight
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 Rebounds, JPMorgan Sets Price Target at $146,000
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.
Bitcoin Price Will Hit a New All-Time High Soon, Here’s Why
Bitcoin price hit three years high of $18800 level last week as big market players have started showing confidence in the largest digital coin. The price of bitcoin continues trading around the $18500 level, with expectations that the price will soar above the recent all-time high of 20K shortly.
Ethereum Lagging Bitcoin to Target $490
Bitcoin has advanced breaking its August high and reclaiming 12500. Ethereum is now lagging the move with signals suggesting it could follow. Ethereum – Volume spike above 50 EMA and close above the daily flag pattern. Moving down to lower time frames will also provide smaller continuation patterns for upside.…
Bitcoin Forming 5 Wave Wedge for Bearish Continuation
Wedge patterns are generally a sign of trend continuation when broken to the downside during a downtrend. Bitcoin is currently forming the E wave completion. Bitcoin on the daily chart is consolidating below a trend break also providing further falls through target 1 in this trade idea. Key Points:…