Phillip Nunn, whose predictions about Bitcoin’s future have already partially come true, believes that in 2018 Bitcoin will be traded for $60,000.
The latest report counters the conventional wisdom that the volatility in Bitcoin prices is due to short-term investors exchanging multiple hands.
Experts from the crypto space have backed the DOJ’s investigation in Bitcoin price manipulation saying that it will help to remove unwanted elements from the crypto market.
Happy Bitcoin Pizza Day! Eight years ago Laszlo Hanyecz made a history buying two pizzas for 10,000 Bitcoins. It was the first ever purchase with BTC.
While some traditional investors try to discourage people from investing into cryptocurrencies, Mike Novogratz believes that investing in crypto is a must.
Analysis of the Bitcoin mining cost metrics conducted by Fundstrat’s quantamental strategist has led the market research firm to predict an upcoming rise of the flagship cryptocurrency.
Owing to a lot of favorable events lined-up in the crypto markets, they are poised to make a comeback in the Q2 of 2018.
Barhydt says that with the participation of hedge funds managers and institutional investors from West, Bitcoin will witness a huge price recovery ahead this year.
The latest correction in Bitcoin has brought it close to the dangerous levels of a “death cross” but analysts still prefer to remain bullish as many say the pain is “largely over”.
Lee, in his analysis, has presented a new Bitcoin Misery Index which is a contrarian indicator which meaning the lower Bitcoin goes, the higher are the chances to rise again.
Bitcoin is currently trading at crucial levels from where it can finally make-it or break-it. Experts opinion still remains divided.
With a momentary spike above $11,000 levels, the price of Bitcoin has pulled back down again and is consolidating around $10,700 levels.
Dan Morehead, the founder and CEO of Pantera Capital, believes that bitcoin bear market is about to turn bullish. He expects Bitcoin to start rising in the next couple of weeks and reach its new highs.