Here's what to tell friends and family after the cryptocurrency doubled to $40,000. And if you do have a shake-up like that, like I said, near term it’s going to be bad for bitcoin. By using this form you agree with the storage and handling of your data by this website. Justin Hartzman, CEO of CoinSmart, a crypto exchange based in Canada, said that this rally is just the beginning, citing banks' target projections of upwards of $400,000 a coin. However, we see that some important technicals are calling for correction. Today, only around 900 Bitcoin are minted daily, compared to 1,800 in 2017. In November 2008, Satoshi Nakamoto, the presumed pseudonymous creator, posted a paper on the Internet called, “Bitcoin: A Peer-to-Peer … In … Well, if his trading was where his mouth is, he would have lost a fortune. It’s why there are some shops which specialize almost entirely on money flows, including retail flows into stocks and options, as well as larger flows handled by the low-profile but influential market makers that dominate trading on the world’s biggest stock exchanges. However, it has also retreated from its recent record highs over the past week. Steve Forbes . Lackluster bitcoin price action has intensified overall selling activity. As Bitcoin continues to change hands, it may lead to a price consolidation in the short-term. Today, Hindenburg Research published a report on Lordstown Motors purporting to expose a number of major problems with the startup and sending Lordstown’s stock value into a tailspin. Share this article: - Bitcoin hit $64,000 today, a new record for the world's largest cryptocurrency. And where could bitcoin be headed in the future? Market chaos creates massive opportunity for gains in THESE coins; Top 15 Altcoins with MASSIVE POTENTIAL! - "/biz/ - Business & Finance" is 4chan's imageboard for the discussion of business and finance, and cryptocurrencies such as Bitcoin and Dogecoin. By. We’ve reached the tipping point among professional investment managers, where they’re running the risk of potentially getting fired if they don’t own bitcoin. Today, Bitcoin is in a bear market, so far it’s experiencing it’s 4th largest decline to date. And while there is growing evidence that institutional investors are seriously considering cryptocurrencies or are already holding them, the flows of the past week have been primarily retail, which some might associate with being volatile, but others will note as providing a more steady hand, or “diamond hands” as they’ve come to be known. Here's where it could be going next. Bitcoin Google Search Volume Over 12 Months. Wyckoff, Where Are the Stops - Jim *. We discuss this and more in today's video. In today's Bitcoin update, we discuss how the technicals are calling for a bullish breakout of Bitcoin's consolidation pattern. These domains are using a part of my lists that I keep of common English words/ acronyms. Analytical Charts - Jim Another view of course is that Bitcoin is just another example of a stimulus-fueled bubble destined to end in tears similar to what happened between 2017 to 2018. Bitcoin Price Bitcoin Price Headed For $20k – $25k Zone Next Year: Analyst. Jim Wyckoff on the long-awaited bull market, Gold and silver prices rebound; is the long-awaited bull market finally here? © Copyright of Novum Global Consultancy Pte Ltd {2020, 2021}. The search volume actually starts to pick up just before the price goes up. Bitcoin Price to Exceed Previous ATH. Cryptocurrency News Today; Bitcoin; Where is Bitcoin (BTC) Headed to? (Kitco News) – Bitcoin hit $64,000 today, a new record for the world’s largest cryptocurrency. But things are in for a welcome change, as BTC is expected to explode next year. Policy “With all thy getting, get understanding." Forbes Staff. Medium term macro factors still favor a bullish take on Bitcoin. These flows are likely to be retail however, the same way that retail investors stocked up on more speculative segments of the market earlier this week, including GameStop (+26.94%) (yes, that’s still happening) and Tesla. We bring you expansive crypto news coverage around the world. Other points highlighted in the report were Bitcoin’s reduced volatility over the last few years and its likeness to gold. December 16th, 2020 marked a historical day for Bitcoin. STOP! Bitcoin price hits new all-time highs today, here's where it's headed next - Justin Hartzman. Save my name, email, and website in this browser for the next time I comment. Kitco News. .embed-container { position: relative; padding-bottom: 56.25%; height: 0; overflow: hidden; max-width: 100%; } .embed-container iframe, .embed-container object, .embed-container embed { position: absolute; top: 0; left: 0; width: 100%; height: 100%; }. Wish it weren’t true, but… Bitcoin is about to… IF THIS HAPPENS TO BITCOIN, ETHEREUM & CRYPTO THEN WE’RE OFF TO THE MOON!!!!! You can see how they are sorted in the "Spoiler" name. Share. Bitcoin prices were carving out fresh records Wednesday but where the cryptocurrency heads from here is an open question. Friday's Charts for Gold, Silver and Platinum and Palladium, April 16, CPM Group - Affordable silver premia - Jeffrey Christian. So as I look out through 2021, it’s very pro-bitcoin. There is no one clear answer to that, although many experts are wildly bullish. We have once again seen a major pump in the price of Bitcoin (BTC) but I have reasons to believe that this is nothing more than a smokescreen and a distraction from what is about to come next. And unlike institutional investors who may be more judicious in their profit-taking, retail investors have shown that they have “diamond hands” – case in point, GameStop is far from dead. Tweet. Share. (Kitco News) - Bitcoin hit $64,000 today, a new record for the world's largest cryptocurrency. Where is the … Canadians who want to stash a Bitcoin-tracking asset in their Tax-Free Savings Account (TFSA) can stash The Bitcoin Fund (TSX:QBTC.U) today. Jim Wyckoff, Robert Friedland, Goldman Sachs light up copper, Gold and silver continue to gain value as multiple events support safe-haven assets. The direction or perhaps the specific point Bitcoin would reach is still relative to the opinion of the optimists, even as the validity of the Bullish trend is still there. Where is Bitcoin headed? To get a sense of just how troubling the market had been, just look to 2018: Heading into 2018, Bitcoin traded for close to $13,500 after reaching an all-time high of … The reason I’m telling you all this is so you understand that it’s not always about what you do, … Gold/silver/commodities: is this breakout for real? Join our team today! These domains are available for handreg as of 7pm CST 6/21/2017. Soloway's comments come as Friday's nonfarm payroll report showed a loss of 140,000 jobs in December, the … Considering that Bitcoin held up relatively well during the rout in tech stocks, which also saw Tesla lose some US$150 billion in market cap, Bitcoin’s recovery was in line with a broader risk-on sentiment. What is the hardest part is the market timing when trying to forecast cryptocurrencies. CRYPTO BLOODBATH!! And how can we profit in today's Bitcoin market? What does this mean for Bitcoin? Then it wasn’t the viable option it is now. Are you aware of the various happenings in bitcoin trading? Where Is Bitcoin Headed? Home Cryptocurrency News Today Bitcoin Where is Bitcoin (BTC) Headed to? All the naysayers from 2017 onward vanished, including public figures such as Warren Buffet who claimed that he would short BTC for the long term all the way to Zero. The leading token’s last halving event occurred on May 11, reducing the miners’ rewards securing the network. Today, there is significantly more demand for bitcoin than there is supply. DON’T SELL YOUR BITCOIN TODAY! BTC vs. XLM on TradingView. Just today we're seeing Coinbase, one of the largest exchanges in the world going IPO any minute now while we're talking," Hartzman told David Lin, anchor for Kitco News. Today, Stellar managed to surge more than 11% while the price of Bitcoin was down by nearly 1%. Bitcoin has been consolidating around the $8K level for some time now. Bitcoin hit another all-time high today. Retail investors poured some US$6 billion into stocks two weeks earlier, which is higher than the typical flow of US$4.8 million, taking the opportunity to “buy the dip,” similar to what has happened for Bitcoin. All rights reserved. Send. Bitcoin and tech stocks are becoming increasingly correlated as well and it doesn’t help that the likes of MicroStrategy (+14.71%), Square (+11.50%) and now Chinese photo-editing app Meitu (-1.10%) have all thrown in their lot with Bitcoin and in the case of Meitu, Ether as well. Email us at admin@supercryptonews.com. When a market is sentiment driven, price movement is driven by emotion. "The shorter term investors are saying, why am I in gold when bitcoin is going up 5% every single day, or 10% in a day, and they're selling their gold assets." Himadri Saha | Nov 24, 2019 | 14:18 . The Opinion Game. There’s a saying on Wall Street that if you want to know what happens next, follow the trail of the money. Read this article to find out where the bitcoin market is headed this year. Bitcoin’s momentum has stalled in recent weeks, while Ethereum has picked up steam. Where Gold Prices Are Headed In 2021. Where is Bitcoin headed?, bitcoin price today, bitcoin technical analysis, bitcoin news In a tweet earlier today, Jeff Ross, Founder, and CEO of Vailshire Capital, noted that the previous hurdle/ceiling at $46500 now serving as floor. And just as money flows can be traced in the traditional financial system, the transparency of the blockchain has meant that large flows headed to buy Bitcoin on exchanges could also be sensed. So what else do you need to know today? This is going to be a very important year for Bitcoin (BTC) and our analysis on BTC/USD today would be one of the most important for the entire year. To come out on top in a market driven by emotion, you have to remove emotion from your trading. Counterbalancing this, Hindenburg is known to have a short position on Lordstown Motors and has similarly published negative allegations about other companies it has shorted in the past. We offer many thought leadership opinions from blockchain experts and leaders of the industry. And that’s a complete 180 from five years ago. John Patrick Posted on February 12, 2021 Posted in Bitcoin, Blockchain, Election Attitude, Encryption, Internet Technology Tagged with Bitcoin, blockchain, cryptocurrencies, crytography, defi, encryption, ethereum, fintech. However, Bitcoin soon followed XLM further confirming this unexpected correlation. Why is bitcoin going up, and will bitcoin prices crash? Many of the top billionaires in the world still see it as a scam. The crypto market has been a disappointment lately. https://www.supercryptonews.com/where-is-bitcoin-headed-to-next While Bitcoin is outrightly unprofitable to some Billionaires. As Stellar Lumens continues its upward advance, it is reasonable to believe that BTC could advance further up. Hong Kong’s SFC Announces Guidelines For Crypto Fund License, Singapore or Japan Could Potentially Be Ripple’s New Base Should It Leave the US, ‘Captain Planet’ SafeEarth Donates Over $100,000 to The Ocean Cleanup Charity, It’s Time We Fix the Crypto User Experience, Bitcoin Takes a Hit as Soon as Turkey Bans Crypto Payment, Binance Teams Up with Publisher of Vogue Singapore and VIDY to Build an NFT Platform, Mike Novogratz Warns of a Crypto Market ‘Washout’, Retail flows last week saw accumulation of Bitcoin that presaged this week’s sharp recovery in the cryptocurrency. SuperCryptoNews is a global leading blockchain and crypto news provider, covering daily news on the latest tech and trading developments in crypto. So just before Bitcoin rallied yesterday, some corners of the cryptocurrency world had already noted significant capital flows pouring into the system. Cryptocurrency BEST Projects April 2021! 111 North Bridge Road, 21-01, Peninsula Plaza, Singapore 179098. Where Bitcoin Is Headed in 2021. You definitely need to make a fortune in the markets, which is technically impossible. Contact Us   |   T&Cs   |   Privacy Policy   |   About Us. Abel Cleland - October 3, 2018 . Significant flows into cryptocurrency exchanges this past week have been noted, with much of the strongest buying action occurring before Bitcoin recovered above US$50,000. Here's where it could be going next. Summary. Wyckoff, The Metals, Money, and Markets Weekly by Mickey Fulp - April 16, 2021, Gold and silver prices spike, but can the rally last? Here is a sorted list of available Bitcoin Domains. However, the macro view and on-chain analytics are both looking bullish. Is Bitcoin, and the broader market, destined to buckle in this overheated environment? However, there are myriad factors that can influence the price of Bitcoin, so let’s take a closer look at what those factors are and what they could mean for Bitcoin’s value in the future. Justin Hartzman, CEO of CoinSmart, a crypto exchange based in Canada, said that this rally is just the beginning, citing banks’ target projections of upwards of $400,000 a coin. Where is bitcoin headed today? We bring you expansive crypto news coverage especially in Asia, with a focus on Singapore, Thailand and Southeast Asia. Today, I want to look at Bitcoin’s trajectory in a red-hot market. David Lin Wednesday April 14, 2021 12:43. Bitcoin prices continue to be buoyed by news that institutional adoption is accelerating and that big financial players are jostling to gain exposure to the cryptocurrency. SuperCryptoNews is a global leading blockchain & crypto news provider, covering daily news focused on trading and investment developments in bitcoin and crypto. 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