$100,000 or $3,000 by December? Fresh Bitcoin and Altcoin Predictions Released!
As Bitcoin grapples with critical resistance levels, analysts share new BTC forecasts. Here are the latest BTC price estimates from master analysts…
Rekt Capital: Bitcoin will see 100k and altcoin season may begin soon
Months after the end of the crypto-winter, the market is losing some of the values that have led to the meltdown of most cryptocurrencies, including the best ones, such as Ethereum and Litecoin. Some have suggested that the much-anticipated crypto bull run of 2019 has lost steam, a concept that big names such as Rekt Capital strongly oppose.
In a recent tweet, Rekt Capital said the crypto bull market is not over yet. According to Rekt Capital, the last crypto bull run lasted 152 weeks and may have set a good stage for precedents. If Rekt Capital’s forecast is realized, Bitcoin could rise to over $100,000. According to Rekt Capital, however, the altcoin season is likely to begin soon.
Chronic Trading: Bitcoin signals fall in the coming weeks
According to market analyst Chronis Trading, the moving average convergence deviation (MACD) indicator in Bitcoin’s weekly charts is reversing to indicate the downward trend. The indicator is one of the most popular among both novice and professional investors in predicting price acceleration and trends:
WEEKLY ICTCOIN MACD CLOSES IN CROSS-TEST INGRESS IN THE COMING WEEKS. LAST TIME THESE INDICATORS WERE PASSED, THE MONTH CODE WAS VERIFIED. THE HYSTOGRAM CONTINUES TO DESCEND TO THE NEGATIVE.
Tony Spilotro: Bitcoin could slip 44 percent to $7,000
According to Tony Spilotro, the price of Bitcoin is an almost perfect fractal in the gold price charts. According to analysts, if bitcoin continues to follow the price movement fractal, there could be a dangerous decline for the leading crypto assets. According to analysts, Bitcoin can slip 44 percent to $7,000.
Aayush Jindal: Bitcoin may fall further if it doesn’t close above $10,400
According to Aayush Jindal, the price of Bitcoin against the US dollar tends to fall below $10,250. According to analysts, BTC is likely to extend its decline unless it recovers above $10,250 and $10,400.
Crypto Hamster: Current prices may be a buying opportunity for BTC and altcoins!
Is there any hope for bitcoin bulls right now? Could the cryptocurrency market rise in this unfortunate sale? According to a crypto hamster, Fear and Greed Index, it is possible:
THE BEHAVIOR OF THE CRYPTO MARKET IS VERY EMOTIONAL. WHEN THE MARKET GROWS, PEOPLE ARE INCREASED TO BE GREEDY, WHICH LEADS TO FOMO (FEAR OF ESCAPING). BESIDES, people often sell THEIR MONEY WITH AN IRRATIONAL RESPONSE RATHER THAN SEEING RED NUMBERS… EXTREME FEAR CAN BE A SIGN THAT INVESTORS ARE VERY CONCERNED. THERE MAY BE AN OPPORTUNITY TO BUY One.
Mike McGlone: Bitcoin could be stuck between $8,000 and $20,000 indefinitely
According to Mike McGlone of Bloomberg Intelligence, Bitcoin can remain in a price range defined as $8,000 as a support and $20,000 as a resistance:
THAT’S WHAT BITCOIN IS DOING RIGHT NOW. CLOSE TO SUPPORT IS AROUND $8,000, WHICH IS PRETTY LOW AND SHOWS A PRETTY GOOD PRICE AROUND $20,000. IN THIS RANGE, IT CAN, WHICH KEEPS VOLATILITY LOW AND MAKES ICTCOIN LIKE GOLD.
Peter Schiff: Bitcoin will never go up to $50,000
The leading cryptocurrency Bitcoin (BTC) recently pushed the resistance ratings of the $14,000 band but is now trying to hold $10,000 to avoid falling to four-digit levels. This, of course, led peter Schiff, known for his hostility to traditional financial markets and Bitcoin and other cryptocurrencies, to make a new statement against the leading cryptocurrency. In a tweet by Tom Lee, the famous Bitcoin bull, Schiff stressed that Bitcoin will never go up to $50,000, as Lee predicted. In fact, Tom Lee recalled Schiff’s prediction seven years ago that gold would rise to $5,000 by 2014. Of course, gold never reached this level and never got close.
Binance Blocking 13 States From New US-Based Crypto Exchange
Binance says 13 states will be blocked from its new crypto exchange Binance.US.
The exchange, which is set to accept initial registrations on Wednesday, will prohibit customers in the following states as it works to ensure its platform is compliant across the US.
- New York
- North Carolina
Binance.US CEO Catherine Cooley says the exchange will keep pressing to ensure the platform is available to all US citizens.
“Although it is upsetting that we cannot offer Binance.US in the states where I grew up and earned my education at this time, please rest assured that this is just the beginning, and it is our mission to bring access to those of you in these states many of us call home…
U.S. customers will be able to buy listed coins with USD through ACH or wire transfer methods. We will be exploring other options based on the demand of our users.”
The platform will debut with six supported cryptocurrencies including Bitcoin, Ethereum, XRP, Bitcoin Cash, Litecoin, and Tether.
Users who have coins that are not available for trading on the platform can still store the assets on Binance.US.
“All coins/tokens not yet listed on Binance.US can still be stored with other custodians in the custody method of your choice (ex. hot wallet, cold storage, etc.) and traded on other venues that have live order books in those pairs. Over the coming weeks, we will be adding coins that satisfy our Digital Asset Risk Assessment Framework.”
According to Cooley, the platform plans to steadily add more coins after its initial launch.
Bitcoin, HTC collaborate on cryptocurrency smartphone
Bitcoin.com is going mobile.
The cryptocurrency inventor has announced that it is working with telecommunications manufacturer HTC on developing crypto technologies, starting with its smartphones.
In a press release, Bitcoin.com said it is beginning a long-term partnership with HTC, which has developed a smartphone with a pre-loaded Bitcoin Cash (BCH) support app.
People who buy an EXODUS 1 from HTC won’t have to download a BCH wallet app onto their phones. For people who already have an EXODUS 1, they just have to update the software on their phone, the release said.
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“The EXODUS vision has always aligned itself towards public blockchains and its fundamental transformative nature of the future of money and the Internet,” Phil Chen, Decentralized Chief Officer at HTC said in a statement.
“The Zion Vault is happy to support BCHnatively in hardware for security to go hand in hand with the BCH blockchain as an alternative to dominant payment rails and platforms,” Chen added.
However, the automatically downloaded Bitcoin app isn’t the only way the two companies are partnering.
They also plan to offer special discounts for buying phones using Bitcoin Cash as well as selling EXODUS phones on Bitcoin’s store.
“There are so many synergies between Bitcoin.com and HTC. We are very excited to be on this incredible journey together,” Bitcoin.com’s CEO Stefan Rust said in the release.
Ethereum Uppercuts Bitcoin
Ethereum has been an outperformer this week in the crypto space, after breaking out of a bullish wedge. Week to date, Ethereum (ETH) has rallied over 17 whilst a tailgating Ripple (XRP) is hot on its heels, both of which have left Bitcoin (BTC) for dust which traders -0.3% lower. Yesterday it was announced that Aztec, a company focussed on privacy-centric tools, has begun a 30-day ignition ceremony to roll out its workaround for “private transactions” on ETH, which appears to have helped it break above 203.95 resistance.
We can see on the daily chart that ETH produced a slight bullish divergence with RSI whilst its bullish wedge took shape. After a lacklustre breakout, it appeared the pattern was on the brink of failure, yet prices held above the 164.12 low before building up bullish momentum ahead of the trend’s acceleration. RSI has not reached overbought territory on the daily chart. And besides, a momentum high does not always mean a price high (as we need to allow for a divergence to form).
With the bullish wedge now in play, bulls could target the $240 high at the base of the wedge.
- A break above 217.33 assumes a run for the 240 high, although traders could look to buy dips above 203.95 support.
- RSI is currently overbought and a bearish pinbar has appeared to warn of near-term exhaustion. However, given the strength of daily RSI, prices might consolidate or provide a relatively shallow retracement before breaking higher.
- Ultimately, the four-hour trend remains bullish above 188.83, so bulls could look for a higher low to materialise before considering buying any dips.