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EOS, BNB and TRON (TRX) Will Rise Over 400% By The End of 2019, Panel of Experts Predicts

2019 will be a bullish year and most analysts and experts in cryptocurrencies seem to agree. After presenting important indications of growth, many experts declared the beginning of Alt Season. This, of course, increased optimism and expectations of investors and crypto enthusiasts around the world.

A study by Finder contrasted the perceptions of a panel of 10 experts who analyzed the performance of 13 leading altcoins, in order to give their predictions.

While all altcoins appear to be bullish (Bitcoin too, read the full story here) the panel of experts believes that Tron (TRX), EOS and BNB will close the year with the most profits. The worst performers (although bullish) will be BSV, Monero (XMR) and XRP.

EOS Will be The most Bullish Crypto According to the Experts

The panel of experts was extremely bullish about EOS. On average, they expect the crypto to reach a price close to $18.7 which would represent an increase of 727% over the beginning of the year.

EOS could be the most bullish crypto according to experts

Binance Coin (BNB)

Binance’s native token will be the second most profitable cryptocurrency, with an expected growth of 450% by the end of December 2019. Experts predict that the token will go from 6.24 USD to approximately 34.9 USD.

Binance (BNB) Will remain strong


The blockchain promoted by Justin Sun remains in third position, very close to the BNB. Experts say each token should reach about $0.15 for a growth of about 449%.

Tron (TRX) will be one of the best perdorming cryptos

XRP Will Perform Fine… Just Not That Fine

Ripple’s token is at the bottom of the list with a 49% increase. While it is well below the 727% obtained by EOS, it is also much stronger and more optimistic than the better forecast of other financial instruments such as the SP500 or the Nasdaq. Experts believe the token will close the year at least near $0.44 per token.

XRP will not be as bullish as its army expects

Monero (XMR)

The privacy coin seems to be a little underground since 2017. According to tech experts, after overcoming a bearish streak, the token will end the year with a value of 68.5 USD, which represents a 57% increase in its value.

Monero could increase its value by 57% according to the panel of experts


The token sponsored by Craig Wright (famous for his claims of being Satoshi Nakamoto) could rise above $605 which translates into a positive performance of 60%.

Bitcoin SV will have a poor (but bullish) performance according to the experts

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Bitcoin (BTC) Will Cost About 9500 USD by The End of the Year, Panel of Experts Predicts

Bitcoin (BTC) is having a good season. The rebound after testing the 3000 USD zone is already evident, and many analysts think that, after a stability period of several months, the market is now on the verge of a new bullish streak.

A study conducted by Finder, contrasted the opinions of 10 prominent experts in cryptocurrencies, who shared their predictions regarding Bitcoin’s performance in the months to come. Although there were different points of view, all showed an optimistic outlook.

All experts agree that Bitcoin will end the year with profits, which is already a sign of the bullish sentiment in the market. “Bitcoin is predicted to hit US$7,543 by 1 June, according to the average of our panelists’ predictions,” said the report, clarifying that this number is an average of all experts’ predictions. This implies certain stability compared with actual prices

Hypothetical Candle For June, according to de Panel of experts

As for the annual performance, the results are also
quite optimistic. Even the darkest forecast of all (made by Nafis Alam,
associate professor at Henley Business School) estimates a price close to 4000
USD, which is a bullish signal considering that the minimum of this trend was
close to 3200 USD:

When asked what the price would be at the end of the year on 31 December, the average price prediction was US$9,659. Again, Alam’s prediction was the most conservative. He said it would not be worth more than US$4,000 on 31 December. Technologist Joseph Raczynski had the highest end-of-year prediction at US$17,000.

Another good sign is that 80% of the experts recommended
investing in Bitcoin (BTC):

  • 50% recommended buying Bitcoin
  • 30% are not in favor of accumulating more, but saw as favorable the option of hodl tokens as a storage medium of value.
  • Only 20% recommended getting rid of the crypto or at least selling a portion to profit from the bullish hype.
80% of experts think consumers should have some Bitcoin (BTC)
80% of experts think consumers should have some Bitcoin (BTC)

The panelists also analyzed the reasons for this recent breakout in which Bitcoin managed to beat the 6000 USD resistance. Most believe that the “Consensus Effect” played an important role in market sentiment, however other causes also came to light: Tensions between the U.S. and China took second place along with next year’s halvening.

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NYMEX Trader Predicts BTC to move back to $7,000 and Consolidate Soon

With Bitcoin currently on the slide, losing $14 billion off the total cryptocurrency market cap, a  cryptocurrency trader at the New York Mercantile Exchange (NYMEX) said that Bitcoin will likely move back to $7,000 and consolidate soon.

Anthony Grisanti of NYMEX has predicted that Bitcoin’s price will soon be heading back towards the $7,000 range after spiking towards $8,300 in the past week or so.

“I think it consolidate a little bit … I think consolidation for this market is very healthy,” he stated.

A fall in volume

One of the bigger indicators for price direction and the health of the market often has to do with the volume of the cryptocurrency. In the past few days, there has been a notable drop off which indicates that buyers are not returning to the market with the same strength they were a few weeks prior.

This has now triggered the latest fall in price, as Bitcoin sits at around $7,580 at time of publishing, sending most of the rest of the cryptocurrency markets into the red. There may well still be some resistance for the major cryptocurrency before reaching $7,000, but that does seem to be an agreed upon level for the consolidation.

Long terms positive predictions

This consolidation, as stated by Grisanti, is a healthy thing as Bitcoin looks to be growing at a slower, and more sustainable rate compared with its 2017 rally. The small ebbs and flows upward, with manageable corrections, should set the coin up for good growth in the long run.

Another key factor to consider, as was done by CNBC’s Brian Kelly, is that an upcoming supply cut — or the “halvening,” next due to take place in 2020 —  could help bitcoin prices rise further in the coming months.

The so-called Bitcoin winter is officially being called over, and many who thought that the cryptocurrency would not be able to bounce back after going parabolic and bursting at the top are rethinking their arguments.

There has certainly been an increase in volatility, but it has been both up and down, and on average the movement has been predominantly in an upwards direction. Thus, predictions of consolidation towards $7,000 are positive sings that the coin  is growing, and will grow with substance in the coming months, and years.

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Next Bitcoin Boom Likely To Be “Awe-Inspiring”, Six-Digit BTC Entirely Possible

Next Crypto Rally To Be Absurd

The sky’s the limit — that’s what Bitcoin (BTC) enthusiasts want to desperately believe anyway. As the cryptocurrency market has finally broken out of its bear market shell, rallying by over 100% since the start of 2018, many are sure that “crypto winter” is over and the next rally is on. And while expectations for the next bull run have varied, a majority are coming to the conclusion that the next market cycle will be more intense than any before it. Here’s why.

Misir Mahmudov, the analyst brother(?) of Goldman Sachs employee turned cryptocurrency diehard/fund manager Murad Mahmudov, noted that Square’s Cash App has become the #1 Finance app in the U.S. Apple App Store. While this doesn’t seem relevant, Square is a relatively large Bitcoin vendor. In fact, according to the Q1 2019 results that were published in late-April, Square secured $65.5 million in Bitcoin revenues, implying that $65.5 million worth of BTC was purchased. Assuming Q1’s average Bitcoin price of around $3,790 (CoinMetrics & The Block), Square sold an approximated 17,300 BTC during that period — Cash App’s fees and spreads not taken into account. During that same time frame, 162,000 BTC was mined, assuming that the Bitcoin network keeps to its standard emission rate of 1,800 BTC each day. This implies that Square’s users absorbed 11% of all BTC mined through their purchases.

Misir notes that this is relevant because the upcoming rally will be the “first bull run [during which an] established financial business lets you buy Bitcoin,” adding a quippy “buckle up” to accentuate the importance of this.

What’s more,, Coinbase, among other crypto-related applications have begun to trend on app stores across the globe, signifying growing retail interest. But the reason why Square specifically is so important is that it is trusted, and is a massive on-ramp simultaneously.

This isn’t the only factor that has Bitcoin zealots believing that the next rally will be absurd. Marty Bent, the co-host of “Tales From The Crypt”, recently explained that with the infrastructure being more robust than ever, the block rewards falling to 6.25 coins per block, and geopolitical tensions, namely the U.S.-China trade war, reaching heights not seen in years, it will be “awe-inspiring”.

Where Will Bitcoin Peak Next?

This begs the question, where will Bitcoin peak next?

Level’s Josh Rager notes that over Bitcoin’s three completed cycles, the trough to peak gains decreased by around 80% each time, which is a concept defined by the law of diminishing returns. As Rager notes, 2011’s rally saw a return of 320,000%; 2014, 58,500%; and 2017, 12,000%. Thus, if history is followed to a tee, BTC will rally by 2,400% off its bottom, giving it a potential high of just shy of $80,000, $78,500.

Some have been a tad more optimistic though. Analyst Galaxy claims that the last time Bitcoin’s monthly chart structure looked as it did now, what followed was a 6,500% price surge in a two-year time frame. Thus, Galaxy notes that if historical precedent is followed to a tee, a bull run of the previous one’s magnitude will place BTC at over $333,000 per unit by the end of 2021.

Regardless of which analysis is right, the consensus is that in a number of years, BTC will be much more valuable than it is now.

Title Image Courtesy of Dmitry Moraine Via Unsplash 

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Bitcoin is Starting a Parabolic Bullrun That May Lead it To New ATHs, eToro’s Mati Greenspan Says

Bitcoin seems to be leaving behind the bearish streak of 2018, and an increasing number of analysts are sure that it bottomed at around 3200 USD.

Mati Greenspan is bullish about Bitcoin
Mati Greenspan

After making similar claims about the altcoin market, Mati Greenspan, chief analyst of the social trading platform eToro shared his impressions about the current situation of BTC.

In an interview with Bloomberg, the well-known analyst explained that, from his perspective, BTC beat the negative trend and is now approaching a period of parabolic growth.

Mr. Greenspan explained that historically BTC shows a cyclical behavior, and after big crashes like the one of 2018 (where it lost almost 85% of its value) there are important periods of equivalent growth.

When asked for an explanation behind the recent Bullrun, Greenspan commented that the simplest theory is purely technical and based on BTC’s cyclical behavior.

There’s a lot of explanations. The simples one is we’re just actually part of a larger cycle. Bitcoin has gone through several cycles before this massive Bullrun (we’re talking about 10000 to 15000% gains within a short period of time) and it has these massive retracements that can be 80% or even 90%.

For Greenspan, the optimism amongst investors is not simply fueled by technical analysis. He cited as fundamental examples Microsoft’s decision to use Bitcoin blockchain for securing its customer data, as well as the decision of other international companies such as Starbucks and Whole Foods to accept Bitcoin (BTC) as payment thanks to the integration with Flexa app.

Bitcoin Should Not Be The Only Crypto to Trigger Your Bullish Sentiment

Mati Greenspan is not only a Bitcoin enthusiast. He has also been able to analyze the rest of the crypto markets. As previously reported by Ethereum World News, the well-known expert declared in mid-March that from his point of view the 2019’s Alt Season had already begun.

“Of course, there’s no telling how long this could last but the signs are all in place. Global volume across crypto exchanges is holding steady at around $30 billion per day, yet Bitcoin’s volume is less than a third of that figure. Sure, Bitcoin exchange volumes are still about double what they were in early February, but some coins like Litecoin, EOS, and BNB have more than tripled their daily volumes in the same time frame.”

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Max Keiser is Bullish on Bitcoin (BTC,) “My Price Target is $100,000 and Beyond”

BTC Trading

Max Keiser has always been a proponent of Bitcoin, not only because of the evolution of its prices but also because of its fundamentals. In an interview for Kitco News, the host of the well-known TV Show “Keiser Report” pointed out that Bitcoin can “capture” a part of the global gold market (the most important asset used as storage of value).

The famous investor also told that despite the strong bearish streak of
2018, he still believes that it is perfectly possible for Bitcoin to reach
$100,000 adding that he does not expect to make any significant sales unless
this value is surpassed: 

To capture a piece of the gold market, you’re talking $60-, $70-, $80-, $100,000 to Bitcoin. I have not sold any Bitcoin because my price target is $100,000 and beyond.

Keiser explained that from his point of view, BTC bottomed close to 3200
USD, however, he did not come to this conclusion for technical reasons. The
explanation was mainly political.

 “When the Federal Reserve bank signaled that they were going to permanent quantitative easing, I said look, that’s the bottom for bitcoin, that was about $3,200 on bitcoin, because they’re making it clear now that there’s going to be no accountability by the Fed. They’re going to print ad infinitum, ad nauseam, there’s going to be no rollback, no kind of attempt to balance their books,”

Is Bitcoin Gold 2.0, Fiat 2.0 or just Bitcoin?

Max Keiser Believes Bitcoin can capture a piece of the gold market
Max Keiser

For Max Keiser, one of Bitcoin’s advantages over traditional fiat money is precisely that there is a fixed and immutable amount of tokens. This prevents a controlling entity from generating an excess of circulating BTC that could cause a drop in prices as a result of inflation.

This has been described by Max as irresponsible and he stressed that “bubbles” and price changes are normal because BTC is going through a transition stage that gave it several different characteristics (store of value, commodity, medium of Exchange, etc).

Bitcoin’s advantages over gold have been highlighted by other expert financial analysts. One of the most prominent has been Mike Novogratz who is sure that Bitcoin could “easily” surpass gold in 20 years.

“Gold’s got an $8 trillion market cap, or a $7.5 trillion market cap. And so, we’re 100x off on that. We’re not going to get there in Bitcoin in the next year or two. But over a 20-year period, could that happen? Easily. Easily.

However, Max explained that investors don’t have to decide between one and
the other. From his point of view, owning both is important to diversify risk.

“I own a lot of gold, I bought a ton of silver, but I also own a big position in Bitcoin”

Bitcoin vs Gold in one chart. BTC is increasingly bullish. Gold is more stable. In 2019 Bitcoin (BTC) has been bullish whereas gold has been slightly bearish
Historic evolution of the prices of Bitcoin (BTC) (green) VS Gold (orange)

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BTC Could Cross $10,000 in the Short Term, Celsius Network Founder Predicts

Brian Kelly Bitcoin BTC ETF

BTC is bullish and it’s easy to know the market is optimistic when enthusiasts, experts and analysts begin to share their predictions about the future of the markets and especially the price of Bitcoin and the rest of the altcoins available out there.

Alex Mashinsky, CEO of Celsius Network Thinks BTC Can reach 10000 USD Soon
Alex Mashinsky

One of those who joined this trend is Alex Mashinsky, an early developer of Voice over Internet Protocol (VoIP) and founder of the Celsius Network. In a recent interview at the New York Consensus 2019, he told the Crypto Briefing team that he expects Bitcoin to reach $10000 in the next few days.

“The short ratio is still 52% … There’s still a tremendous amount of people who are short on bitcoin who haven’t covered. So I think we’re going to go above ten thousand before we see a correction. Because these guys are going to be squeezed out. We haven’t seen the pain yet. We have not seen them cover. They have to cover, and when they cover, they buy bitcoin.”

however, explained that Bitcoin has always defied the most important
prophecies. Despite basing his forecasts on market data, it seems that the only
predictable thing about Bitcoin is its unpredictability:

Everyone who said anything about Bitcoin was proven wrong. You want to make an ass out of yourself? Predict the price of Bitcoin.”

10,000 USD Seems to Be a Key Zone for BTC According to Many Analysts

This bullish sentiment is shared by an important number of analysts, however, each one has put the resistances in different points with 10000 as a zone of interest. An example is Mike Novogratz, who explained that Bitcoin (BTC) must first test the 6000 zone (which seems to have already surpassed) and then reach the 10000 Mashinksy talks about, however he was more cautious, explaining that he would be happy if they achieve that goal before the end of the year.

who also looks at the 10000 USD band as an important area to determine the
future of the crypto market is Fundstrat’s Thomas Lee. In a poll made to his
followers, Mr. Lee commented that once the 10000$ line is crossed the FOMO will
cause new traders to start seeing Bitcoin as an attractive option.

Bitcoin started a bullish streak that led him to surpass the 4000 dollar zone in April. Although the RSI suggests caution, the crossing of MACD shows that the bullish trend could last for quite some time.

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Bitcoin Bull Max Keiser Believes Institutionalised ‘Fomo’ Will Lead to Bigger Market Moves

Max Keiser, a well known figure from Russia Today, and a vocal supporter of Bitcoin and cryptocurrencies for some time now, has said that he still strongly believes that Bitcoin will go past $100,000.

Part of his reasoning behind this has to do with the institutionalized drive which is slowly picking up pace and that those institutions that are not getting onboard in the early stages will soon have ‘Fomo’ (Fear of Missing Out).

This Fomo will be a big driver for the Bitcoin price as huge sums of money flock to the Bitcoin space and drive up the demand for the already limited digital currency. He also added that the recent low seen in December, of $3,200, will be the ultimate bottom and probably never seen again.

Money where his mouth is

Keiser is famed for his evangelical thoughts on Bitcoin and has said before that he bought the cryptocurrency when it was worth  mere dollar and has still not sold it. The RT News man believes that hunger for a store-of-value asset is growing as the world continues to de-dollarize, and investors seek out alternate ways to protect their wealth.

“He also argues that gold is too manipulated for many despite those same concerns being level at cryptocurrency. For the RT News presenter, this will ultimately lead to greater demand for Bitcoin:

“To capture a piece of the gold market, you’re talking $60-, $70-, $80-, $100,000 a Bitcoin. I have not sold any Bitcoin because my price target is $100,000 and beyond,” he said.

Becoming a useful store of value

For Keiser, the value of the digital currency is not so much in transferring value and using it as a functioning currency, he sees it more as a store of value and that if it can prove this and the market capitalisation continues to grow as he expects it to, Bitcoin will become more useful.  

However, he does add that if bitcoin can attract those who have Fomo, and the price can push towards $100,000, then its function as a currency will be reignited. Bitcoin at that price will be far less susceptible to volatility and this in turn will make it a usable as a medium of exchange.

Evidence of enterprise adoption

There has been a clear and obvious shift in the approach from major institutions and enterprise businesses when it comes to Bitcoin and blockchain as an underlying technology. There are more and more reported instances of big corporations exploring and expanding the blockchain space while others find uses for currency decentralised cryptocurrencies as well as their own chains.

This is bound to create more traction, especially with a rising price, and with that increase in use cases, the Fomo that Kieser talks of is sure to escalate.

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Financial Services Firm: Bitcoin (BTC) Reaching $20,000 By Early-2021 Is Entirely Possible

Bitcoin Could Retest All-Time High In 24 Months

Earlier this year, prior to the recent Bitcoin (BTC) surge to and past $6,000, we reported that Canaccord Genuity Capital Markets, a Vancouver, Canada-based financial services firm, claimed that the leading cryptocurrency could rally to $20,000 by March 2021. At the time, however, this prediction, deemed rather optimistic by some (as then BTC had yet to embark on a bear market recovery), was unbacked, and little was explained.

But, the analysts who made this statement recently broke down this prediction in a research note obtained by CoinDesk. In it, they explained that as it stands Bitcoin’s chart looks eerily similar to the cycle seen from 2011 to 2015. And thus, they noted that if BTC follows its historical trend to a tee, it will see a “slow climb back toward its all-time high of ~$20,000, theoretically reaching that level in March 2021.”

But what exactly will drive this rally? Let’s take a look at what the analysts think is bullish for Bitcoin right now.

  • Growing Number of Transactions and On-Chain Value: As the firm observes, the average value of daily transactions (USD) has risen two months in a row, from $479m to $801m, all while the number of transactions has begun to near all-time highs yet again. Data from Diar would confirm this. While the count of BTC transacted on-chain in Q1 of 2019 is the lowest since Q2 of Q3 of 2017, Diar notes that as of the end of April, the U.S. dollar value of BTC and the number of BTC transacted is up three months in a row. For some perspective, in February, $70.5 billion worth of value and 19.1 million BTC were transacted using the Bitcoin blockchain. These same indicators now read $132.6 billion and 25.7 million, respectively — an increase of 88% and 34.5% in a three-month time span.
  • Scaling: Over the past few months, there has been an uptick in the growth of the Lightning Network and Segwit. This should help to drive long-term adoption.
  • Bitcoin Mining Breakeven Hits $7,200: According to Canaccord’s estimates, the breakeven cost of mining has hit $7,200 for miners paying $0.04/kWh. BTC has historically traded around or above its breakeven level.
  • Adoption In Emerging Economies: Bitcoin has seen massive adoption in places like Venezuela, showing a true need for BTC that isn’t just speculative.
  • Financialization: The cryptocurrency space has been increasingly financialized over the past few years, as made apparent by an increase in volume for futures products and tradable Bitcoin-backed products.
  • Network Value: “Bitcoin looks more “expensive” from an NVT ratio perspective, but still slightly “under-valued” according to Metcalfe’s Law.”

Isn’t, Like, $200,000 Possible?

While I’m sure many would love to see Bitcoin at $20,000, some believe that the asset can head much higher.

One analyst, the self-proclaimed “cryptocurrency accumulation machine” Galaxy, claims that Bitcoin’s current monthly chart looks eerily similar to that seen in late-2015, when BTC finally began to embark on a rally yet again. This is notable, as the last time BTC’s chart structure looked as it did now (a massive green candle after ~one year of selling pressure), what followed was a 6,500% price surge in a two-year time frame. Thus, Galaxy notes that if historical precedent is followed to a tee, a bull run of the previous one’s magnitude will place BTC at over $333,000 per unit by the end of 2021. BTCC’s Bobby Lee (Charlie Lee’s brother), Twitter commentator $carface, Naeem Aslam, and Filb Filb are among other pundits who believe that a move to this level will occur, in a few years’ time no less. 

Title Image Courtesy of Aleksi Raisa Via Unsplash

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Bitcoin Poised To Stutter As BTC Aims To Take On “MOTHER of Resistance”

Bitcoin May Soon Reverse

For some reason or another, analysts have begun to believe that Bitcoin (BTC) may be poised for a correction. In a recent Trading View post, Magic Poop Cannon postulated that BTC is currently expressing a number of bearish signals. Firstly, Bitcoin failed to hold above its uptrend channel, all while failing to surmount a “major overhead resistance zone” that begins at $5,777 and ends at $6,200.

What’s more, there are an array of bearish divergences seen in the Relative Strength Index (RSI), Moving Average Convergence Divergence (MACD), and the Stochastic RSI, leading Magic to the conclusion that BTC is “wounded” and not prepared to enter a bull run just yet. He adds that the Network Value to Transactions ratio (NVT) is currently flashing a sell.

Aside from technicals, some evidence is mounting that in the short run, BTC’s price action is tied to traditional assets, namely stocks, which is a bad sign.

On Sunday, Donald Trump revealed that he intends to increase tariffs on Chinese-made goods from 10% to 25% by Friday. Global assets, like stocks and even BTC, flashed red minutes later. As crypto trader “Light” points out, when Asian markets opened on Monday, BTC fell right in lockstep, reacting to the tariff salvo negatively. There is a fleeting chance this is pure coincidence, but Bitcoin lost a very similar percentage to the Hang Sang in the same time frame, implying that BTC remains a “risk-on” asset, as Light explains.

With Trump unlikely to budge, the U.S. stock market and other global indices may continue lower, potentially unwinding Q1’s monumental rally, thus being a short-term detriment to BTC and other cryptocurrencies.

In a related string of potentially negative fundamental factors, Tom Lee, Fundstrat’s head of research, has postulated that the planned $1 billion raise by Bitfinex could actually be a negative price action catalyst for Bitcoin. The prominent commentator explains that $1 billion worth of new Bitfinex tokens will have a negative impact on BTC and other digital assets, as the market needs to “absorb” an influx of the so-called “LEO” tokens. As Lee notes, “Bitcoin miners sell $7mm per day, so a $1 billion IEO is essentially 142 days worth of miner selling taking place in one day.”

The Bull Case

Sure, Magic does note that there are clear reasons to be at least short-term bullish on Bitcoin. But some are sure that the charts are leaning bullish.

According to David Puell, the head of research at Adaptive Capital, Bitcoin’s chart is currently showing an array of bullish signals, both in terms of technical indicators and pure price action.

In a simple chart posted on Friday night, the investor remarked that Bitcoin is currently trading in a broadening ascending wedge, a pattern defined by legendary chartist Bulkowski as a catalyst for bullish continuation. Bitcoin Bravado’s Jack, who noticed this pattern alongside Puell, remarked in his own tweet that such wedges are often never seen in bear markets, and are instead, a reversal pattern that commences a bull run. He then points to the fact that the Relative Strength Index (RSI), Chaikin Money Flow (CMF), and On-Balance Volume (OBV) readings, which measure if an asset is either technically overbought or oversold, are currently breaking to the upside.

Title Image Courtesy of Andre Francois Mckenzie Via Unsplash 

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