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Archive for December 2020

Bitcoin Price Will Top Out At $73,200 in 2021, Claims Analyst

Bitcoin has enough fuel to continue its bull run until its price hits $73,000 next year, as per chartist Alan Masters. The independent investment consultant shared his bullish outlook for the flagship cryptocurrency after studying its longer-timeframe charts. He noted that BTC/USD monthly charts printed TD Sequential signals since November 2016, resulting in bullish rallies…

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Bitcoin Sets Eyes on $30,000 After Logging Another Record High

Bitcoin careened to another record high on Wednesday amid concerns about this year’s huge stimulus packages. The flagship cryptocurrency continued to attract capital from investors that view it as a hedge against fiat devaluation and inflation. On Tuesday, SkyBridge Capital investment revealed that it had invested about $182 million in Bitcoin ahead of its proprietary…

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Here’s What History Says To Expect From Bitcoin In 2021

Bitcoin has had an explosive breakout year as a maturing financial asset,. The cryptocurrency is finally being considered by institutional investors for the first time, during a year that will go down in history for unprecedented money printing.  The asset’s hardcoded digital scarcity is a primary driver of its boom and bust cycles, and in…

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