Category Archives: Bitcoin

Bitcoin nähert sich dem ATH, während der Ripple-Preis auf $1,6 steigt

Obwohl BTC sein Allzeithoch bei $61.800 nicht überwinden konnte, wird der Vermögenswert immer noch über $60.000 gehandelt. Ripple ist der größte Gewinner aus den Top Ten mit einem Anstieg von 15% auf $1,6.

Bitcoin ist über seiner Nemesis bei $60.000 geblieben und war sogar weniger als 1% davon entfernt, seinen eigenen ATH-Rekord zu brechen. Einige Altcoins haben beträchtliche Gewinne verzeichnet, darunter ein weiteres ATH für BNB gestern und ein massiver zweistelliger Anstieg für Ripple auf $1,6.

Bitcoin war $450 von seinem Rekord entfernt

Die Geschichte der primären Kryptowährung mit $60.000 geht weiter. Nachdem er am Samstag endlich darüber gebrochen war, fiel das Asset am Sonntag deutlich darunter. Allerdings drängten die Bullen gestern weiter nach oben, was zu einem weiteren Ausbruchsversuch führte.

Dieses Mal erreichte BTC $61.200 (auf Bitstamp). Es folgte ein weiteres Retracement, aber Bitcoin setzte sich schließlich über $60.000 durch und ging in den letzten Stunden weiter vorwärts. Dies führte zum Erreichen von $61.350 – was bedeutet, dass die allererste Kryptowährung etwa $450 von ihrem ATH von Mitte März bei $61.800 entfernt war.

Nichtsdestotrotz trieb die anschließende Ablehnung den Vermögenswert um mehrere hundert Dollar nach unten und steht derzeit unter $61.000.

Wie gestern berichtet, deuten jedoch mehrere On-Chain-Merkmale darauf hin, dass BTC bald für einen Preisanstieg gerüstet sein könnte. Nämlich, das sind die rückläufigen Münzen an Börsen gehalten, Bergleute und langfristige Inhaber weigern sich zu verkaufen, und die wachsende Annahme von institutionellen Anlegern.

BNB’s Latest ATH; XRP Surges to $1.6

Die altcoin Welt hat deutlich mehr volatil in den letzten Tagen gewesen. Ethereum berührte gestern sein ATH bei $2,200 und steht, nachdem es leicht zurückgegangen ist, etwa $30 von diesem Niveau entfernt.

Die drittgrößte Kryptowährung nach Marktkapitalisierung, Binance Coin, war außerhalb der Charts in Bezug auf die täglichen Schwankungen. Ob es die Vorfreude auf den 15. BNB-Brand oder Binance’s Einführung von handelbaren Aktien-Token ist, der Vermögenswert schoss innerhalb weniger Stunden von etwa $520 auf seinen neuesten Rekord bei $640 in die Höhe.

Das Retracement war genauso beeindruckend wie BNB dumped von mehr als $100, aber dieses Mal in Minuten. Ab sofort, Binance’s native Münze hat sich um $560 beruhigt.

Die Altcoin-Show, jedoch, weiterhin mit XRP. Trotz, oder vielleicht wegen, der laufenden Rechtsstreit mit der SEC, Ripple’s native Token hat auf einer Rolle in letzter Zeit gewesen. Es hat sich nur in den letzten Stunden intensiviert, da XRP um 15% gestiegen ist und ein neues 3-Jahres-Hoch bei $1.6 erreicht hat.

Uniswap ist ein weiterer massiver Verstärker mit einem 13% Anstieg auf $35. Stellar (6%) ist auf $0.612 gesprungen. Im Gegensatz dazu, Cardano (-1%), Polkadot (-2%), und Chainlink (-1,5%) sind leicht im roten Bereich.

Weitere Zuwächse zeigen sich bei Stacks (17%), Chiliz (15%), THORChain (12%), SushiSwap (12%), Harmony (12%), Nexo (11%) und Aave (10%).

Die gesamte Krypto-Marktkapitalisierung verzeichnete mit über 2,1 Billionen Dollar ebenfalls einen neuen Rekord.

Los Sacramento Kings ofrecerán Bitcoin como salario a los jugadores

Vivek Ranadivé, el presidente, director general y gobernador de los Sacramento Kings, anunció esta tarde en Clubhouse que todos los miembros de su organización podrían recibir su sueldo en tantos Bitcoin como quisieran. La noticia salió a la luz poco después tras un tuit de un miembro de la audiencia de Clubhouse.

Conocido defensor e inversor de Bitcoin desde 2012

Resulta que estaba en la sala, organizada por un club llamado ‚Satoshi Roundtable‘, cuando Tim Draper, un capitalista de riesgo muy conocido en el sector por haber comprado Bitcoin en la subasta de U.S. Marshall en 2014, llamó a Vivek Ranadivé para que se uniera a él en el escenario. La sala fue copresentada por Bruce Fenton, conocido defensor e inversor de Bitcoin desde 2012, y se denominó „Draper y sus amigos“.

„Voy a anunciar en los próximos días que voy a ofrecer a todo el mundo en la organización de los Kings, que se les pague la cantidad de su salario en bitcoin que quieran, incluyendo a los jugadores“, dijo Ranadivé, según Neil Jacobs, conocido en Clubhouse como moderador habitual de Café Bitcoin, dio la noticia en Twitter que pronto fue confirmada y reportada por CoinDesk.

Los Sacramento Kings anunciaron en 2014 que aceptarían Bitcoin como pago de la mercancía en su tienda del equipo en asociación con el procesador de pagos BitPay. En aquel momento, Ranadivé declaró a ESPN que „cuando convencí a la NBA para que mantuviera el equipo en Sacramento, mi propuesta incluía el uso de la franquicia deportiva como red social para impulsar la tecnología“.

Ranadivé explicó que aceptar Bitcoin

Ranadivé explicó que aceptar Bitcoin entonces era un paso más hacia que los aficionados dejaran sus carteras en casa, ya que sus propios hijos le preguntaban por qué los Kings no aceptaban Bitcoin.

A medida que el Bitcoin sigue creciendo en popularidad y aceptación generalizada, numerosas organizaciones, desde los principales bancos estadounidenses, PayPal PYPL +1,4% e incluso Chipotle, están empezando a ofrecer servicios relacionados con el Bitcoin, ya sea un servicio de custodia, para utilizarlo como pagos, o como parte de una promoción.

El anuncio de Elon Musk a principios de este año de que Tesla TSLA +4,4% aceptaría Bitcoin como pagos parece haber iniciado la tendencia entre las corporaciones de utilizar la moneda virtual como parte de su estrategia de marketing.

Mientras tanto, pasar tiempo en Clubhouse discutiendo sobre Bitcoin puede atraer y proporcionar acceso a aquellos que normalmente participar en una conversación sería bastante difícil de hacer. Hace apenas dos días, Michael Saylor, CEO de Microstrategy MSTR +2,4%, se dejó caer en una sala con compañeros de Bitcoin y respondió a sus preguntas durante una hora, demostrando el poder de acceso que proporciona la aplicación y que llevó a la noticia de Ranadivé y los Sacramento Kings.

 

Fundacja Edukacji Ekonomicznej ogłasza dwa główne prezenty od założyciela Bitcoin.com, Rogera Ver

19 stycznia 2020, St Kitts & Nevis & Atlanta – Fundacja Edukacji Ekonomicznej ( FEE.org ) ogłosiła dzisiaj, że założyciel Bitcoin.com i wczesny inwestor kryptowalutowy Roger Ver przekazał dwa prezenty o łącznej wartości 2000000 USD w Bitcoin Cash (BCH), aby wesprzeć pracę FEE w promowaniu wolności osobistej i kształceniu studentów na całym świecie w zakresie moralnych i ekonomicznych podstaw wolnego społeczeństwa.

Pierwszy prezent w wysokości 1 miliona dolarów wspiera imprezy namiotowe FEE w 2021 r. – 75. rocznicę FEE – oraz dodatkowe programy dla studentów, w tym treści edukacyjne i książki online.

Drugi dar w wysokości 1 mln USD ma formę darowizny, która będzie stałym źródłem wsparcia dla działań edukacyjnych FEE

Ver, który wcześniej przekazał 1 000 000 dolarów w Bitcoinie na rzecz FEE w 2013 r., Powiedział, że jest winien dług intelektualny FEE i przekazuje tę nową darowiznę w czasie, w którym uważa, że ​​praca FEE jest potrzebna bardziej niż kiedykolwiek.

„Byłem subskrybentem długoletniego magazynu FEE„ The Freeman ”, kiedy byłem w liceum i wiele mojego sukcesu w Bitcoinie zawdzięczam temu, czego nauczyłem się czytając o moralnej potrzebie posiadania systemu monetarnego, który istnieje niezależnie od państwa siła,“

powiedział Roger Ver . On kontynuował:

„Rozglądałem się dziś po świecie i widziałem globalne blokady, inflację, ataki na wolność osobistą i pomyślałem: ‚Kto jest dziś najważniejszymi głosami wolności?‘ OPŁATA jest na szczycie mojej listy. Chcę pomóc FEE wywrzeć taki sam wpływ na życie milionów młodych ludzi, jak na moje ”.

OPŁATA – Cokolwiek pokojowego

Założona w 1946 r. FEE jest najstarszym libertariańskim think tankiem w USA FEE świętuje swoją 75. rocznicę poprzez wydarzenia w 2021 r., W tym FEEcon (w Atlancie od 17 do 19 czerwca) i galę 75. rocznicy FEE 19 czerwca. Każdego roku FEE dociera do setek milionów odbiorców online i prawie 20 000 uczniów poprzez programy klasowe w college’ach i szkołach średnich zarówno w Stanach Zjednoczonych, jak iw Ameryce Łacińskiej.

„Roger przyspieszył nasz rozwój online w 2013 r., Kiedy przekazał FEE bezprecedensowy 1 milion dolarów w bitcoinach”,

powiedział wiceprezes FEE, Richard N. Lorenc , który powiedział:

„W tamtym czasie była to największa w historii darowizna kryptowaluty i od tamtej pory znacząco pomogła nam na ścieżce rosnącego wpływu edukacyjnego. Dzięki tym nowym, głównym prezentom w postaci Bitcoin Cash, Roger kontynuuje swoją transformacyjną darowiznę, gdy zaczynamy świętować 75. rocznicę FEE i ujawniamy naszą kampanię mającą na celu ujawnienie coraz większej liczbie uczniów idei wolności, zarówno w ich salach lekcyjnych, jak i online. ”

“I’m getting cautious”: Bitcoin critical at $ 40,000 – what are analysts predicting now?

Bitcoin posted its first negative open after rising for three days in a row, climbing to an all-time high above $ 40,000.

The world’s leading cryptocurrency fell as much as 7.45 percent during Monday’s Asian session, hitting an intraday low of $ 36,565 before containing its losses ahead of the European trading hours

The change in sentiment was thanks to speculative traders looking for short-term profits close to $ 40,000.

Meanwhile, given the recent surge in government bond yields, global investors are also betting on reflation trades. The return on the 10-year benchmark Treasury note rose above 1.09 percent for the first time since March.

Inflation expectations typically favor Bitcoin’s bullish outlook (To Buy Bitcoin on eToro Guide), but the market appeared to have allocated its capital elsewhere as the cryptocurrency became too risky to buy near its overbought levels.

For example, US benchmark crude oil prices for West Texas Intermediate rose to over $ 51 a barrel on Wednesday after Saudi Arabia decided to cut production over the next two months. The surge also indicated the economic outlook was stabilizing as investors compared the rising number of coronavirus infections to vaccine distributions.

But does that mean that the demand for safe havens like Bitcoin will decline in the coming period? Obviously not.

Investors may have to jump back into the cryptocurrency market as U.S. President Donald Trump agrees to hand over control to his successor Joe Biden. That coincides with a clear Democratic victory over the two seats in the recent Georgia runoff.

Thanks to that, the Democrats now control Congress. That paves the way for the Biden administration to pass the additional fiscal incentives, starting with a direct $ 2,000 check for Americans grappling with the economic fallout from the coronavirus pandemic.

Many strategists, including those at JPMorgan & Chase, see Bitcoin price close above $ 100,000 amid aggressive government spending.

„I expect Bitcoin and tech stocks to double again in the next 6-9 months,“ explains Immad Akhund, CEO / co-founder of Mercury in San Francisco.

And:

„It is clear that we are in an asset bubble fueled by fiscal stimulus, low interest rates and, ironically, higher disposable income in the pandemic.“

His conclusion:

„It probably won’t end well, but enjoy the ride on the way up.“

Can we expect a Bitcoin correction?

Further warnings came from analysts relying on technical indicators. One of them – a pseudonym – sees Bitcoin in a rising wedge channel, which typically signals a bullish-to-bearish switch after a strong pullback. Ultimately, it pushes the price as low as the maximum height between the upper and lower boundaries of the channel.

„We had a fake-out, an M-pattern and a breakdown,“ said the analyst. „I’ll be cautious unless Bitcoin breaks its all-time high again.“

Indische Regulierungsbehörde schlägt 18% Steuer auf Bitcoin-Handel vor

Durch die Klassifizierung von Bitcoin als „immaterielles Vermögen“ hat der indische Geheimdienst eine 18%ige Waren- und Dienstleistungssteuer auf den gesamten BTC-Handel vorgeschlagen.

28. Dezember 2020 | AtoZ Markets – Obwohl Indien immer noch Unsicherheiten in seiner Herangehensweise an Kryptowährungen zeigt, erwägt die lokale Regierung Berichten zufolge die Einführung einer 18%igen Waren- und Dienstleistungssteuer auf BTC-Transaktionen. Da solche Transaktionen jährlich mehr als 5 Milliarden Dollar betragen, könnte die neu vorgeschlagene Steuer zusätzliche Einnahmen von etwa 1 Milliarde Dollar generieren.

18% Steuer auf Bitcoin-Handel in Indien?

Wie die Times of India berichtet, hat das Central Economic Intelligence Bureau (CEIB) den Vorschlag an das Central Board of Indirect Taxes & Customs (CBIC) weitergeleitet.

Das CEIB hat kürzlich einen Bericht veröffentlicht, der verschiedene Verwendungszwecke von Kryptowährungen untersucht und kam zu dem Schluss, dass Bitcoin Revival unter die Kategorie „immaterielle Vermögenswerte“ fallen könnte. Dies würde bedeuten, dass die Nation eine Waren- und Dienstleistungssteuer auf alle Transaktionen mit dem primären digitalen Vermögenswert erheben könnte.

Die Agentur skizzierte auch, dass diese Besteuerung, wenn sie umgesetzt wird, dabei helfen könnte, die angebliche Beteiligung von BTC an illegalen Aktivitäten zu reduzieren.

Der CEIB-Bericht schätzt, dass das Volumen der Bitcoin-Transaktionen jährlich etwa 40.000 Rupien (ca. 5,5 Milliarden Dollar) beträgt. Sollte die zweitbevölkerungsreichste Nation der Welt tatsächlich mit der Steuer fortfahren, könnte die Regierung bis zu Rs 7.200 crore ($1 Mrd.) pro Jahr erhalten.

Es ist erwähnenswert, dass dies die zweite kryptowährungsbezogene Steuergesetzgebung ist, die Indien in letzter Zeit erforscht hat. Ein früherer Bericht von Anfang Dezember wies darauf hin, dass das Finanzministerium eine Steuer von bis zu 30 % auf Gewinne aus Investitionen in digitale Vermögenswerte in Betracht zieht.

Indiens Haltung zu Kryptowährungen

Das riesige asiatische Land hat eine etwas lange und faszinierende Geschichte mit Kryptowährungen. Im Jahr 2018 verbot die Reserve Bank of India (RBI) allen Finanzinstituten, die mit der Bank zusammenarbeiten, mit Kryptowährungsgeschäften zu arbeiten.

Obwohl dies kein direktes Verbot für die Verwendung von Kryptowährungen war, wichen die meisten Unternehmen davon ab, in dem Land zu arbeiten. Der Oberste Gerichtshof Indiens hob jedoch Anfang dieses Jahres die Entscheidung der RBI auf und bezeichnete sie als „verfassungswidrig.“

Verwandt: Indien Krypto Exchanges Seek Legal Status Klärungen von RBI

Kurz danach begann das Land ein massives Interesse an digitalen Vermögenswerten zu zeigen, mit explodierenden Handelsvolumina und neuen Investitionen von Krypto-Unternehmen.

Dennoch sagte die RBI, dass sie das Urteil des Obersten Gerichtshofs anfechten wird, da sie glaubt, dass schlechte Akteure Kryptowährung verwenden, um illegale Transaktionen durchzuführen.

Bitcoin course uses data science and predictive models to reveal 5 key conclusions in search of the answer to the question: When moon?

The Bitcoin halving was almost exactly 6 months ago and although we can already see a positive development in the Bitcoin price, the big „wow effect“ is still missing for many. The old all-time high is still a long way off, so many people still ask themselves: When moon?

Benjamin Cowen, founder of Into The Crypto Verse , addressed this question by taking historical BTC price data from the past decade and drawing five key conclusions with the help of data science and predictive models. With the help of this knowledge, participants should be able to better assess which market cycle we are currently in based on the current Bitcoin course.

When moon? Well, so much can already be revealed at this point: You probably don’t have much time left to amass BTC at these prices.

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Decrypt Bitcoin course with the help of data

Investing in Bitcoin over the past decade has dwarfed the returns of most other investment vehicles.

While a quick look at the Bitcoin price over a short period of time can still look a bit daunting, according to Cowen this is because short-term price movements are best traced back to a random walk or a geometric Brownian movement.

Traditional technical analysis, in his opinion, is often riddled with waivers at every turn, and for any kind of price movement that resembles some kind of textbook pattern, there are countless others that don’t go „according to plan“.

Alternatively, a macro view of the Bitcoin price development gives something that can be deciphered a little better with the help of data science. A quick analysis shows that there are market cycles that have resulted in lower ROIs, while the realization of these ROIs takes longer. In simpler terms, it means that BTC’s macro trend shows an increase in cycles with decreasing ROIs in each market cycle.

In cases in which an annual loss after a speculative bubble can exceed 80%, there is much to suggest that not only the time in the market, but also the timing of the market is important.

The time value of money is crucial in an era when it comes to defeating inflation

1. Bitcoin course is in a „fair value“ phase

The above graph shows the price of Bitcoin and a logarithmic regression fitted to „non-bubble“ data and speculative bubble peaks. If the price is viewed from a high level, areas of accumulation and speculative bubble formation can be identified much more easily.

To better understand these trends, we can calculate the percentage difference between the Bitcoin price and the logarithmic fair value regression fit, which is a monotonically increasing function (Fig. 2).

2. Market cycles become less explosive

The graph below shows that speculative bubble formation with respect to the fair value regression band becomes less and less explosive with each subsequent peak.

In fact, the percentage difference between the first peak in the Bitcoin price in 2011 and the logarithmic regression band is around 6,000%, while the second peak in 2013 is only around 3,000% above the band.

The third speculative bubble in 2017 peaked about 1,000% above the regression band. While three data points certainly cannot establish a definitive trend, we can at least speculate with the data we have so far. For example 6000/3000 = 2 and 3000/1000 = 3. If this trend continues (which is of course a big “if”) and we see a division by 4 from the third bubble to the fourth, we can expect the Bitcoin Course will be overvalued by about 250% in about three more years (2023).

Bitcoin Trading – How do I make money when I start?

Trading is an activity surrounded by mystery and aura. This is primarily due to the fact that it can – in theory – generate potentially large revenues.

A reality that attracts many newcomers to the world of cryptomoney. For there is no better place to record impressive perfected returns… if your choices don’t end up turning your investments into profits for others!

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The market for cryptomoney is exciting. Not only because it is innovative, but also because it is the source of profits that only it can offer. Just look at the Bitcoin Era curve and you’ll see the obvious confirmation of this. A fact that does not fail to attract new investors with overwhelming motivation. This is directly related to an adoption that can only grow in the coming years.

But it is not enough to know how to identify a rise and a fall on a cryptomoney price to become the king of traders. And all the enthusiasm in the world will never be enough to exempt oneself from the necessary preparations. Because the operation that will make you rich will be the result of a well-thought-out strategy. And if that’s not the case, you might as well go and play Lotto!
How to start trading?

From an external point of view, the principle of trading may seem quite simple. Especially when market movements register strong variations, sometimes over very short periods of time. This prompts the novice to grab his calculator to add up these theoretical returns and get the figure of what his next fortune will be. This until the transition to practice comes as a painful reminder to his portfolio.

Getting Started in Crypt Trading

It’s true that the 25% that this cryptomony has just registered would have probably allowed you to earn more than 2000$. That is if you had decided to enter yesterday, instead of hesitating about this green candle. That’s why you’re going to take a stand right now. Just before its 60% collapse a few hours later…

And what used to be an adrenaline rush becomes a real nightmare of your savings gone up in smoke. A fatality that could have been only the theoretical part of this story if the right choices had been made from the beginning.

Can you improvise your trading operations?

Trading is a stressful activity that requires a good dose of composure. This is true whether it is the world of cryptomoney or its more classic version for stocks. But taking into account the fact that the losses to be considered must be estimated in proportion to the volatility to which one is exposed.

Because making profits in this field cannot be exempt from anticipating price falls, which are often very rapid. This could boil down to preparing for a landing before launching into a vacuum.

This in the form of imperative techniques such as the implementation of Stop Loss to secure your investments at any time. You still need to know where to position them so that it doesn’t turn into a premature exit that is even more catastrophic…

The trader’s main enemy is stress. Especially when it is accompanied by poor risk management. And that all this is not based on any real strategy established upstream. This can sum up almost all the trading operations carried out by newcomers to the world of cryptomoney.

Some will tell you that it is a must. Most probably because they don’t know the right method to be profitable from the very first transaction!
Profitable trading made easy

All this is based on an almost mathematical principle. The rule could be summed up as the maximum subtraction of human reactions. All this in favor of a measured and precise addition of tools with flawless regularity. Especially when it concerns a beginner or an investor who doesn’t have the time to actively take care of it.

Because high volatility rhymes with high reactivity. All of this is to ensure that the end point of this digital adventure takes shape in the form of profitability. A presence at all times that it can be very judicious to delegate to a partner of choice. And this with complete confidence, thanks to its experience and proven results in the field.

A turnkey formula that Le Trading du Coin offers in the form of a monthly subscription. This gives you privileged access to the CryptoTrader application, real-time signal reception and a multitude of other services such as copy-trading.

 

Il numero di portafogli BTC sembra suggerire un interesse crescente da parte degli investitori al dettaglio

I dati di Glassnode mostrano che il numero di indirizzi BTC da $ 10, $ 100 e $ 1000 ha raggiunto il massimo storico.

Il numero di indirizzi bitcoin milionari ha superato i 20.000 per la prima volta dal 2018

Nuovi dati dalla piattaforma di analisi Glassnode sembrano suggerire che un numero record di investitori al dettaglio abbia investito denaro in bitcoin, spingendo il numero di portafogli BTC a un nuovo massimo storico.

Secondo un tweet pubblicato il 27 ottobre da Rafael Schultze-Kraft, chief technology officer di Glassnode, il numero di portafogli che detengono $ 10, $ 100 e $ 1000 in BTC ha raggiunto il massimo storico.

I dati di Glassnode mostrano che il numero di portafogli BTC con almeno $ 10 è ora a 17,6 milioni, con oltre 3,6 milioni di portafogli che detengono almeno $ 1.000

Glassnode ha anche pubblicato un aggiornamento all’inizio della settimana che mostrava che il numero di indirizzi di milionari bitcoin aveva superato i 20.000, raggiungendo il suo punto più alto da gennaio 2018.

L’aumento degli indirizzi dei portafogli è una forte indicazione che gli investitori al dettaglio stanno affollando bitcoin. La scorsa settimana, la piattaforma di pagamento PayPal ha annunciato il supporto per bitcoin e altri importanti cripto-asset, portando il prezzo di BTC al massimo del 2020.

Popolare crypto analista di trading Peter Brandt era anche rialzista sulle prospettive di Bitcoin, la pubblicazione di un aggiornamento la scorsa settimana affermando BTC era sul passo per chiudere il mese sul suo secondo livello più alto mai.

Analyst confirms: Bitcoin has a 75% chance of breaking bullishly towards $ 12,000

There is a 75 percent chance that Bitcoin will break out of its ongoing consolidation pattern bullish.
According to the independent analyst Vince Prince, the benchmark cryptocurrency is making „marginal“ upward movements in a structure of the Ascending Channel.

That leaves her with two possible outcomes. First, Bitcoin Evolution is consolidating within the channel as it breaks below the „ascending trendline“; second, it stays above the trendline and later breaks out of the range entirely.

Prince endorsed the second result. It denotes every price turning point of the crypto currency with an alphabet. Hence, the term “A” represents the first withdrawal from resistance in the Ascending Channel. The next withdrawal from the channel support is “B” while the third and most recent upward withdrawal is from “C”.

In the middle of what is known as the ABC wave, he has placed a 100-hour moving average that supports the sustained upward movement.

The Bitcoin Bull Case Explained

Due to the overall technical structure, BTC / USD has a higher chance of breaking out of the channel area, according to Prince. If so, the pair would extend its upward move toward what is known as „C-wave elongation“ near $ 11,695.

„[There’s] a 75 percent chance that Bitcoin will manage to consolidate further forward between the channel and the trendline,“ writes Prince. „[Then] it would go on and form the C-wave extension.“

The bullish forecast comes a week after Bitcoin turned down the $ 11,750 resistance. Traders became increasingly bullish after Square, a global payments platform led by Twitter CEO Jack Dorsey, put $ 50 million BTC on its balance sheets.

That sparked speculation among institutions about the growing importance of Bitcoin as a store of value. Lately, many wealth management firms and independent businesses on Wall Street have sold their cash reserves to get a stake in Bitcoin . The churn stems from their fears that the US dollar could depreciate in the future.

Prince acknowledges these fundamentals in his bullish thesis. The analyst comments that BTC / USD could stay above the ascending trend line because it is from there that „smart money picks up the trading of inexperienced investors“.

„Explosion“ theory

Konstantin Anissimov, executive director of the crypto exchange CEX.IO, expects the prices of Bitcoin – as well as Ethereum – to explode in the coming meetings.

„Not only are listed companies including BTC on their balance sheets, but CFTC chairman Heath Tarbert was also“ impressed „by the progress that ETH has made in becoming the“ computer of the world „, according to Anissimov. „Such an endorsement is quite significant as it shows that the mass adoption of these digital assets is happening right now.“

Bitcoin and Ethereum will march to new highs for the year, he believes.

Due to currency restrictions in Argentina, the number of users in brokers and crypto-currency exchanges increased

Brokers and Exchanges have seen an increase in the number of users of their platforms in Argentina

Exchange rate restrictions in Argentina have been further tightened. To such an extent that a large part of the population has been directly forbidden from buying US dollars officially. In this scenario, Cointelegraph en Español consulted brokers and exchanges to find out whether the number of users trading in Crypto Genius review had increased in September.

Maximiliano Hinz, Latam Operations Launcher of Binance, said: „During the month of September, we observed a 37% growth in the market share of Binance“. He added: „At P2P, we recorded an 180% increase in volume over what was traded in August, while the number of users doubled. The average ticket was up 10%.

Magdiela Rivas, Paxful’s manager for Latin America, explained: „In September we had a 157% growth in new users. We especially saw an increase in the last week of the month, and we can think that it is related to the announcement of the new taxes on the purchase of dollars, imposed by the Argentine Government“.

In addition, Magdiela Rivas highlighted: „In the last months, Argentina has been the market where we have grown the most in terms of users compared to other countries in the region“.

Matias Bari, CEO and co-founder of SatoshiTango, said: „In the quarantine and since the pandemic, this type of finance has become very important not only in daily transactions and as an investment alternative. During the month of September, more than 80 thousand operations were registered. We notice that more and more Argentines are turning to the world of cryptomonies“.

On the other hand, Gabriel Vago, CEO of ArgenBTC, pointed out: „In September we had around 5,000 new users. This is also the number we have been handling since the beginning of the quarantine“.

Cointelegraph en Español also spoke with Santos Barrio, Operations Manager of Qubit Brokers, who commented: „In terms of verified users (ready to operate), the number increased by 15% in September“. He then clarified: „The volume in pesos grew by 17%“.