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Bitcoin (BTC/USD) forecast and analysis on June 5, 2019

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Cryptocurrency Bitcoin (BTC/USD) is trading at 7986. Cryptocurrency quotes are trading below the moving average with a period of 55. This indicates a bearish trend on Bitcoin. At the moment, cryptocurrency quotes are moving near the lower border of the Bollinger Bands indicator bands.

Bitcoin (BTC/USD) forecast and analysis on June 5, 2019

As part of the Bitcoin exchange rate forecast, a test level of 8280 is expected. Where should we expect an attempt to continue the fall in BTC/USD and the further development of the downward trend. The purpose of this movement is the area near the level of 7250. The conservative area for selling Bitcoin is located near the upper border of the Bollinger Bands indicator at the level of 8820.

Bitcoin (BTC/USD) forecast and analysis on June 5, 2019

Cancellation of

the option to continue the decline in Bitcoin will be the breakdown of the area of ​​the upper border of the Bollinger Bands indicator. As well as the moving average with a period of 55 and closing of quotations of the pair above the area of ​​8850. This will indicate a change in the current trend in favor of a bullish for BTC/USD. In the event of a breakdown of the lower border of the Bollinger Bands indicator bands, we should expect an acceleration of the cryptocurrency decline.

Bitcoin (BTC/USD) forecast and analysis on June 5, 2019 implies a test level of 8280. Further, it is expected to continue falling to the area below the level of 7250. The conservative area for selling Bitcoin is located area of ​​8820. Canceling the option of falling cryptocurrency will be a breakdown of the level of 8850. In this case, we can expect continuation growth.

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Bitcoin (BTC/USD) forecast and analysis on January 18, 2020

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Cryptocurrency Bitcoin (BTC/USD) is trading at 8781. Cryptocurrency quotes are trading above the moving average with a period of 55. This indicates a bullish trend on Bitcoin. At the moment, cryptocurrency quotes are moving near the middle border of the Bollinger Bands indicator stripes.

Bitcoin (BTC/USD) forecast and analysis on January 18, 2020

As part of the Bitcoin exchange rate forecast, a test of level 8730 is expected. Where can we expect an attempt to continue the growth of BTC/USD and the further development of an upward trend. The purpose of this movement is the area near the level of 9480. The conservative area for buying Bitcoin is located near the lower border of the Bollinger Bands indicator strip at the level of 8300.

Bitcoin (BTC/USD) forecast and analysis on January 18, 2020

Cancellation

of the option to continue the growth of the Bitcoin exchange rate will be a breakdown of the lower border of the Bollinger Bands indicator stripes. As well as a moving average with a period of 55 and the closing of quotations of the pair below the 8250 area. This will indicate a change in the current trend in favor of the bearish for BTC/USD. In case of breakdown of the upper border of the Bollinger Bands indicator bands, we should expect an acceleration in the fall of cryptocurrency.

Bitcoin (BTC/USD) forecast and analysis on January 18, 2020 implies a test level of 8730. Further growth is expected to continue to the area above the level of 9480. The conservative buying area is near the area of ​​8300. The breakdown of the cryptocurrency growth option will be the breakdown of the level of 8250. In this case, we should expect further fall.

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Bitcoin (BTC) Price Likely to Touch $85,000 In Next Bull Run, Trading Expert Believes

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With many analysts and financial experts predicting that the next peak of the Bitcoin price will be around $100,000, crypto trader Josh Rager expresses an unpopular opinion that the next Bitcoin price all-time high may be slightly lower.

$85,000 per BTC vs $100,000

The trading expert names the figure – $75,000 – $85,000, standing up to other Bitcoin bulls who expect the flagship crypto to hit at least $100,000 (and some even target at $1 mln per BTC).

BTC price 1

Image via Twitter

As reported by U.Today previously, a recent survey made by Bitwise claims that around four percent of advisors in the financial sphere from the US believe that within several years to come Bitcoin is likely to reach a new high of over $100,000.

However, the majority of those who took part in the survey, reckon that the ‘father of crypto’ will be trading between the price marks of $7,000 and $24,999.

John McAfee refuses to eat his…words

The US presidential candidate and a prominent cryptocurrency supporter John McAfee believes that, according to

‘simple mathematics’ as he put it, the Bitcoin price is bound to reach $1 mln by 31 December this year, after the halving in May.

First he made a bet (saying that otherwise he would eat his manhood on TV) on $500,000 per BTC. However, later on he raised it to $1 mln.

Recently, however, Mr McAfee tweeted that he is not going to chew on his penis, since this public bet and a promise to eat one of his vital organs on TV was simply a ‘ruse’ for attracting new users to the cryptocurrency sphere.

And it worked, he said.

$9,300 per BTC in the short term

Crypto trader ‘TraderSZ’ believes that in the short term the next possible target for the BTC price is $9,300 – provided that Bitcoin can hold above the $9,000 area.

However, he continues, if BTC slumps, a correction may break out that will take the flagship coin down to $8,300.

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Craig Wright Can’t Access Disputed Stash of 1.1 Million Bitcoin Worth $9.8 Bill

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Just days ago Craig Wright, the Australian computer scientist locked in a legal battle with the estate of his former business partner over a Bitcoin trove worth billions, said he was about to obtain the private keys to access the stash of crypto.

Wright, who claims he is Satoshi Nakamoto, the inventor of Bitcoin, has now issued an update on the status of the private keys and his ability to access the Bitcoin, thereby satisfying a court ruling that compels him to turn over half of the 1.1 million BTC to the estate of his late business partner, David Kleiman.

Earlier this month, US judge Beth Bloom gave Wright a deadline of February 3rd to comply. Wright responded in the affirmative, claiming that a “bonded courier” who possesses the keys to unlock the encrypted Bitcoin would arrive this month. Until the appearance of said courier, Wright said that the alleged “Tulip Trust” containing the Bitcoin would remain inaccessible.

The list arrived and Wright supplied it to Kleiman’s estate, filing a notice of compliance with the U.S. District Court of Southern Florida on January 14th. The list contained 16,404 Bitcoin addresses.

Now Wright’s lawyer says that despite a court filing in which Wright declared under oath that an “encrypted file” containing the list of public Bitcoin addresses and private keys would allow him to access the crypto, Andres Rivero, partner at

Rivero Mestre law firm, tells Decrypt that Wright has no access.

Says Rivero,

“The file that he’s received did not include private keys.”

Rivero also affirmed that Wright did not claim he would possess the private keys.

Without the private keys to decrypt the addresses, Wright is unable to turn over roughly $4.9 billion to Kleiman’s estate.

According to Decrypt,

“Wright still expects that he will receive the keys at a later date. Rivero said the keys may come either whole or split into parts, but declined to discuss further the particulars around who has the keys and when they might arrive.”

The Bitcoin at the heart of the case was mined in the early days. If unlocked by Wright, it would substantiate his claim that he is Satoshi Nakamoto. But as the case unfolds, Wright has been accused of forging documents and telling lies.

In light of the allegations and charges against Wright, he no longer believes that unlocking the Bitcoin would silence his critics or convert the skeptics into accepting him as the real Satoshi.

In an interview with Modern Consensus on Wednesday, Wright described a probable outcome if he were to unlock the early Bitcoin.

“I don’t think it would shut people up. I think it would stir things and what would end up happening is people would be running around saying I stole coins. Or some other bullshit. I disagree.”

The case is now expected to go to trial.

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