Create a FREE account and...
Manage your own Watchlist
Access all education lessons
Converse with other crypto enthusiasts
Be a part of the Interactive Crypto Community
OR
Please fill out the required fields Please fill out the required fields Please fill out the required fields
Get Into Cryptocurrency Trading Today
Bitcoin’s movement has once again settled and slowed in its volatile movements, both up and down. This is leaving many wondering which way the next break will come for the major cryptocurrency. Generally, there are bullish tendencies, but one analyst is making an outlandish suggestion.
Former Goldman Sachs analyst Murad Mahmudov believes the top cryptocurrency will hit $100,000 because the coin has been steadily accumulating. While most people are making their predictis on micro levels; looking at recent movements and external factors, Mahmudov suggests zooming out.
Mahmudov - the chief information officer (CIO) at cryptocurrency hedge fund Adaptive Capital - tweeted:
“At first glance this looks like a weak chop for the next week or so, but my intuition tells me there is steady accumulation happening at these levels. Don't try to outsmart yourself on short timeframes, zoom out & think big. In my view, BTC is going to $100K per orangecoin,” he said
The analyst is basing his prediction on chart analytics. He analyzed the coin’s key support levels, adding: “200MA [moving-average] /EMA [exponential moving average]/RSIbands [relative strength indicator]+Weekly support all point to 10.8 [$ thousands) but you may get a wick at most given the orderbook support across exchanges.”
Mahmudov conclusion after these complex analysis was that it would be worth slowly accumulating more and more Bitcoin at each key support. However, he did stress that it is not investing advice.
“If I were a betting man, I would be patiently and slowly adding at every key support.”
The $100,000 mark may be a little short of John McAfee’s $1 million price point for Bitcoin, but it is still a popular choice in the imminent future. Mahmudov is not the only one who is looking to the $100,000 mark for the coin.
Morgan Creek Digital Assets founder Anthony Pompliano has said that based on external factors, such as the European Central Bank making a dovish turn in its financial policies, that Bitcoin will be firing on “rocket fuel” as it eyes hitting that $100,000 mark.
In fact, this $100,000 mark is even being offered as a point to bet on as United States-based regulated crypto derivatives and clearing platform LedgerX is giving retail investors the chance to bet that the coin will hit $100,000 by 2020.
Looking beyond the charts which Mahmudov has isolated, and even going further than the external factors of the European banks, and the US-China trade war, Bitcoin is being regarded more and more as a scarce asset.
Its supply is getting smaller, and its inflation sinking further still as the mining halving quickly approaches - this is expected to be a big catalysing factor in spurring the coin to bigger values down the line. As it becomes less rewarding to mine the coin, there is less being added to the supply making those in circulation that much more rare.
Create a FREE account and...
Manage your own Watchlist
Access all education lessons
Converse with other crypto enthusiasts
Be a part of the Interactive Crypto Community
ALL
TRENDING
WATCHLIST
Total Market Cap The Total Market Capitalization (Market Cap) is an indicator that measures the size of all the cryptocurrencies.It’s the total market value of all the cryptocurrencies' circulating supply: so it’s the total value of all the coins that have been mined.
{[{ marketcap }]} {[{ marketcapchange.toLocaleString(undefined, {maximumFractionDigits:2}) }]}% (24H) {[{ marketcapchange.toLocaleString(undefined, {maximumFractionDigits:2}) }]}% (24H)
Symbol
Price Cryptocurrency prices are volatile, and the prices change all the time. We are collecting all the data from several exchanges to provide the most accurate price available.
24H Cryptocurrency prices are volatile… The 24h % change is the difference between the current price and the price24 hours ago.
Trade
{[{ item.name }]}
{[{ index + $index}]}
{[{ item.pair.split('_')[0] }]}
Ƀ{[{item.price.toLocaleString(undefined, {maximumFractionDigits: 5}) }]} ${[{item.price.toLocaleString(undefined, {maximumFractionDigits: 5}) }]}
{[{ item.change24.toLocaleString(undefined, {maximumFractionDigits: 2}) }]}%
{[{ item.change24.toLocaleString(undefined, {maximumFractionDigits: 2}) }]}%
Symbol
Price Cryptocurrency prices are volatile, and the prices change all the time. We are collecting allthe data fromseveral exchanges to provide the most accurate price available.
24H Cryptocurrency prices are volatile… The 24h % change is the difference between the current priceand the price24 hours ago.
Trade
{[{ item.name }]}
{[{ index + $index}]}
{[{ item.pair.split('_')[0] }]}
Ƀ{[{item.price.toLocaleString(undefined, {maximumFractionDigits: 5}) }]} ${[{item.price.toLocaleString(undefined, {maximumFractionDigits: 5}) }]}
{[{ item.change24.toLocaleString(undefined, {maximumFractionDigits: 2}) }]}%
{[{ item.change24.toLocaleString(undefined, {maximumFractionDigits: 2}) }]}%
Binance´s Launchpad Gears Up Tor Arkham Token Sale, Starts Recording BNB Balances
4 months ago | Benzinga
Arkham´s New Crypto Intel Trading Platform: A Game Changer For Traders?
4 months ago | NewsBTC
Bitcoin Could Rise to $120K by End-2024: Standard Chartered
4 months ago | Coindesk
Bitcoin Edges Lower; Bone ShibaSwap Becomes Top Loser
4 months ago | Benzinga
JustBit Casino Review
JustBit Casino, which specializes in virtual currencies, is easy to use because withdrawals are expl...
Huobi Token General Overview
Is Ripple The Cryptocurrency of 2021? - In Depth Review of Ripple XRP
Ethereum Classic Review
Monero General Overview
YouHolder
YouHodler is not just another player in the crypto space; it's a dynamic and innovative company ...
XBO
XBO.com cryptocurrency exchange redefines how you interact with crypto. Designed to make the benefit...
Bithumb
Understanding Bithumb This article highlights what is Bithumb and where it is located. It also di...
Bitstamp
Bitstamp's continued success in the crypto market This article highlights what Bitstamp is. I...
Bitfinex
Bitfinex general overview delves deep into its operations since its inception in 2012 up to date. It...
(adsbygoogle = window.adsbygoogle || []).push({}); Introduction In t...
(adsbygoogle = window.adsbygoogle || []).push({}); Einführung Wenn es um Er...
Mobi
Are you someone who makes international payments regularly using Bitcoin? Or do you travel a lot and...
Bitcoin.com
Bitcoin.com is a free downloadable Bitcoin wallet that allows users to trade and receive Bitcoins. T...
BTC.com
Created by Bitmain in 2016, BTC.com is a leading open-source Bitcoin and Bitcoin Cash storage platfo...
Is Trading Cryptos Gambling?
Most people understand the basics of cryptocurrency but not all its elements. Already, there are...
Former Goldman Sachs Analyst Predicts Bitcoin will Reach $100,000
Bitcoin’s movement has once again settled and slowed in its volatile movements, both up and...
NOSHIT Price Prediction - NSH/USD Forecast
Investing in cryptocurrency means that you have to constantly follow the market to understand...
T-Mobile Plans to Join the Blockchain
Over the last few years, T-Mobile has managed to position itself as a leader in the development...
Will Facebook Start Using Litecoin?
Recently, Facebook had announced that they were banning all advertisements related to Bitcoin...
(adsbygoogle = window.adsbygoogle || []).push({}); Introduction In t...
(adsbygoogle = window.adsbygoogle || []).push({}); Einführung Wenn es um Er...
Mobi
Are you someone who makes international payments regularly using Bitcoin? Or do you travel a lot and...
Bitcoin.com
Bitcoin.com is a free downloadable Bitcoin wallet that allows users to trade and receive Bitcoins. T...
BTC.com
Created by Bitmain in 2016, BTC.com is a leading open-source Bitcoin and Bitcoin Cash storage platfo...
COMMENTS (0)