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Friday, 20 September 16:23 (GMT -05:00)



Foreign exchange market

BTC Market Will Set New Highs In 2020


Tom Lee, Chief Analyst for Fundstrat Global Advisors, has recently shared his optimistic view on the future of Bitcoin (BTC). In early May, he said that the BTC exchange rate is undervalued and, given some fundamental factors, it should be somewhere around 14K dollars per coin. At this point, he thinks that the current all-time highs may well be renewed this year. This means BTC prices above $20K per coin and market cap well over 830 billion dollars within the next 20 months.
 
During his interview to the CNBC, he told the reporters that the bull cycle isn't over yet for Bitcoin, and that's why we are going to see new all-time highs set in December 2017 - Fundstrat Global Advisors 2018. mostly likely, this is going to happen in 2020, although this year is on the timeline of possible price records as well.
 
The expert says that the very fact that the bull market is still there is backed by 11 factors, including the fact that the BTC network has been recently getting increasingly active, even despite a relative low BTC exchange rate. Another on has to do with technical analysis - the exchange rate closed over SMA200 in April. On top of that, institutional investors have been getting increasingly active as well, which makes Bitcoin and other cryptocurrencies even more popular as an investment asset. 
 
At the same time, FortFS experts stick to another opinion, a fairly optimistic one though. They assume that the bear market is likely over now, but it's a good idea to wait for confirmation from tech indicators.  
 
Bitcoin gained 4,5% per day and over 12% over the last trading week , thus reflecting the overall trend in the crypto market.
 
Daily. An explicit bull market amid trending ADX leaves almost no chances to the bears. A move up by 300 dollars per coin is possible.

 

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Н4: Local ADX is going up, but hasn't reached the trend area yet. That said, traders still have a chance to join the rally around the psychological level of 6000 dollars per coin.
 

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Н1: The latest bars have massive tails, which indicates big-scale buyers. The local support is located at the middle Bollinger Band (6084). This is probably the best price the market can give you today to get in.
 

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Expectations and trading decisions: It's a good idea to wait for the price to touch 6084 and get in to expect a rally up to 6400-6500. The targets may be reached with the next couple of days.  

 

You are free to discuss this article here:   forum for traders and investors

 

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Bitcoin Exceeds $10K Again

It turns out that Bitcoin is still able to surprise. Despite the growing pessimism in social networks, recently has been a good time to load up on Bitcoin and other cryptocurrencies. The world's first and biggest coin has broken the psychological barier of 10000 dollar per coin. Does this mean going back to the bull market? At this point, the BTC rate is around 10300-10400 dollars per coin.

Publication date: 05 September 12:15 AM

NordFX: Forex And Cryptocurrency Market Review. August 2019

Right before the start of the last last trading  of this summer, NordFX experts came up with another set of market predictions for the forex and cryptocurrency markets. Their predictions are based on the consensus forecast compiled from various market forecasts made by various market experts as well as the result of technical analysis. So, this is what those predictions look like:
 
Publication date: 25 August 12:12 PM

Will Brexit Affect Bitcoin?

Some representatives of the international expert community assume that the Brexit is going to push Bitcoin higher, all the way up to new record highs in 2019. Nicolas Gregory, CEO of a blockchain company named CommerceBlock, is one of those experts. Not so long ago, he shared his standpoint with The Independent. He thinks that the Brexit may radically change the position of Bitcoin in the global economy and finances.
 
Publication date: 25 August 10:48 AM

Forex and Cryptocurrency Market Review by NordFX

At the beginning of the current trading week, NordFX experts came up with another set of market predictions based on a number of expert opinions backed by trending indicators and oscillators. This is what they came up with:

Publication date: 19 August 01:09 PM

Bitcoin ETF Decision is Delayed by SEC

The SEC, the USA's chief financial regulator, decided to delay the Bitcoin ETF decision once again. If the ETF had received the green light, we would now see it trading on CBOE and NYSE Arca. However, the Securities and Exchange Commission decided to put on hold the decision on three ETFs: VanEck / SolidX (CBOE), Wilshire Phoenix, and Bitwise Asset Management (both related to NYSE Arca).
 
Publication date: 15 August 01:00 AM

Forex and Cryptocurrency Forecast by NordFX. Mid-August 2019

Roman Boutko, an analyst for NordFX, has come up with another consensus forecast for the forex and cryptocurrency markets for the forthcoming trading week starting on August 12, 2019.
Publication date: 11 August 11:42 AM

British Pound And Brexit. What's Next?

The Brexit is going to come to the UK as the result of the 2016 referendum in the UK. 52% of the votes were cast in favor of the Brexit scenario back then. Chances are, the Brexit is going to affect the entire economic and financial system of the United Kingdom, including its national currency - the British Pound.
Publication date: 09 August 09:21 AM

Over 85% Of Bitcoins (BTC) Have Already Been Mined

Publication date: 05 August 03:28 AM

Coinbase Registers a Big Inflow of New Clients

An international cryptocurrency exchange named Coinbase is reported to have registered 5 million users of the last 12 months. This is what the latest report says. In particular, the amount of Coinbase users increased from 25 million users all the way up to 30 million users over the reporting period.

Publication date: 01 August 09:18 AM

Bitcoin Is Likely To Drop, Experts Say

At this point, the market cap of the entire cryptocurrency market is around 263 billion dollars, with over 64% being Bitcoin's share. Ethereum would have to gain more than 700% to break even with the king of cryptocurrencies. At this point, such a scenario looks unreal.

Publication date: 30 July 10:05 AM