Bitcoin Price Likely to Surge to $13,000 after Trading Sideways: Crypto Analyst

Earlier today, the Bitcoin price rose to the $7,790 area and still keeps growing. As reported by U.Today earlier, Bitcoin has entered a buying trend and so it could be dangerous to short BTC as the flagship currencyaims at retaking the $8,000 level. 

 
Some analysts, though, keep betting on the bearish effect on the market, saying the Bitcoin price may go down. But others are joyfully saying that even though BTC might not surge right away, the overall uptrend is still intact.

$13,000 level after a few months of trading sideways?

Analyst @CryptoMichNL points out that even though the trendline inside the downtrend is still holding up, overall, the long term bullish trend remains.
Bitcoin could trade sideways for a few months, he adds. However, on the chart, the analyst has drawn a rising line to mark the aim he expects Bitcoin to reach after that – the $13,000 area.

Bearish forecast: $6,300

Another trader and analyst, @nebraskangooner, seems to be sharing a bearish sentiment. He says that from the current level, the Bitcoin price is likely to decline – all the way to $6,300.

Bitcoin bulls should be purged from Twitter: Peter Brandt

Previously, U.Today reported that the veteran trader Peter Brandtspoke negatively of those Bitcoin bulls who are expecting instant enrichment and do not accept the fact of the market volatility.
He believes Bitcoin will be able to hit the $50,000 target only once the last bull disappears from Twitter. 

Comments

Post a Comment

Popular posts from this blog

Coronavirus “is good for bitcoin” !

Image
Don’t let moral anguish over the deaths of potentially thousands of people get in the way of an opportunity to shill some crypto and pump up the price of bitcoin. As ever, crisis is opportunity for cryptocurrency lovers. In the past they’ve seized upon everything from a banking collapse in Cyprus to social breakdown in Venezuela and Brexit to rationalise the case to buy MOAR bitcoin. Clearly Coronavirus was not going to be different. But how have they squared the logic this time round? Duh. Coronavirus is spreading through the exchange of DIRTY FILTHY FIAT banknotes. So don’t be a dummy, protect yourself and turn to digital-only crypto. No lurgies there. Some  fine examples  of the logic  at hand:      No reference to the point, however, that fiat can be exchanged purely digitally or that China has one of the highest digital transaction rates in the world already... But the coronavirus/bitcoin connections don’t stop there. For more weird and whacky reasoni
Read more

‘All the Banks Are Broke’ Speech Goes Viral on Crypto Twitter

Image
       A   passionate two-minute speech delivered by Godfrey Bloom, a member of the European Parliament from 2004 to 2014, is  spreading   through Crypto Twitter like wildfire. The 2013 speech is a shakedown on the global financial system. During the presentation, Bloom declares that all the banks are broke. At that time, on May 21, 2013, Bitcoin was trading at $122 and remained a fringe asset among techies and cypherpunks. It would take the remainder of the decade to transform BTC, now trading above $10,000, into the best-performing asset of the last 10 years, attracting legacy giants like Fidelity and Intercontinental Exchange that are putting their full weight behind blockchain-based infrastructure. During that same period, numerous banks, including Deutsche Bank and Danske bank, have been embroiled in multi-billion-dollar money laundering scandals and consumer fraud. Wells Fargo, after the collapse of a scheme to create bogus customer accounts, is now  restructuring  
Read more

How to Buy Bitcoin with Credit Card or Debit Card !

Image
We can both agree on this: Buying bitcoins with a credit card or debit card is confusing. Today we'll show you how easy and fast it can be. We've collected the best exchanges and listed them for you below. Chapter 1 Introduction to Buying Here's the deal: Buying bitcoin (BTC) with a credit or debit card used to be REALLY hard. Luckily, companies like Coinbase (USA, Canada, Europe & UK) and CoinMama (worldwide) have made the process smooth and fast. Below, we've listed 5 proven exchanges for buying bitcoins with your credit card. Before we start: You'll need a Bitcoin wallet before you buy since some exchanges require one. Don't have a wallet? Read our guide on the best Bitcoin wallets. Chapter 2 Credit/Debit Card Bitcoin Exchanges Coinbase is the world's largest Bitcoin broker. At Coinbase you can buy up to $150 or €150 of bitcoin per week instantly with a credit or debit card in: the United Stat
Read more