The Crypto Market is making a recovery today as the total market cap added about $ 6 billion to $ 140 billion. The market is a mix of green And Bitcoin Cash (BCH) is the winner among the top cryptos with more than 10 percent gain. After seeing a significant spike for the past few days, Crypto. Bit Chain is the biggest loser with over 26 percent losses.
The leading cryptocurrency Bitcoin finally hit the $ 4k mark after two weeks of no action. At the time of writing, Bitcoin has been trading at $ 4,037 with 24-hour gain. of about 2 percent while managing daily trading volume of $ 10.2 billion, according to data provided by Coinmarketcap. Bitcoin hit the highest point at $ 4,077 but has dropped down a bit.
Bitcoin price 1-day chart, Source: TradingView
According to the crypto analyst, The Cryptomist unless BTC breaks the $ 4.1 level, it's hard to be bullish.
"Right on cue! Broke out RSI and candle pennants. Expecting us to find ground. Expecting now lower than 3953 region. We have a very strong resistance coming 4.1 region. Break this and I turn very bullish! "
According to crypto traders and analysts, Bitcoin is still trading in the buying level as Credible Crypto says BTC is testing the supply zone but says it will not hold again. However, if we manage to break through, there would be an easy push to $ 4.1k level. But from here, it is to be seen if Bitcoin will go straight to $ 4.3k or $ 4.5k or will come back down for a little out first.
Analysis is still applicable. Now back to buying levels. $ BTC https://t.co/DIU2kPOcBz
– Alex Krüger (@krugermacro) February 24, 2019
Just recently, Tom Lee of Fundstrat said that the key level to If the Bitcoin holds over $ 4,000, it'll cross its 200-day [moving average] by August, so I Thinking the outside window is five to six months before Bitcoin starts to look technically like it's back in the bull market. "
Tom Lee of #Fundstrat predicts a new #BTC rally in 2019. He's hopeful BTC will recover from what #BCH "fork wars" did it to hold investor confidence. However, according to Bloomberg Intelligence analyst, Mike McGlone sees Bitcoin going lower as he wrote in a recent report " The whole industry is ripe to resume a path to lower prices. Conditions are similar to November, just before the collapse. Binance CEO Expects Bitcoin (BTC) Price to Reach $ 300,000 in the Future
Changpeng Zhao, CEO of Binance, one of the lasrgest digital currency exchanges in terms of trading volume, believes that Bitcoin could eventually reach $ 300,000. He said that no matter how tough the times are, he has always been invested in the crypto space.
Is Bitcoin at $ 300,000 BTC / USD Actually Possible?
Changpeng Zhao is very positive about the future of space and how Bitcoin could increase its price in the future. He said that no matter if Bitcoin is being traded close to $ 4,000 or $ 300,000, they are always operating in the market.
According to the Crypto News Site's feelings, he mentioned: "$ 4k & $ 300k there are tough days , and there are good days. We are always here. "
At the end of 2018, Changpeng Zhao wrote a letter to the Binance community in which he made a balance of the year and showed the achievements of the platform, even when he admitted that the year was hellish For virtual currencies.
Most of the experts and analysts, including Changpeng Zhao, believe that 2018 was used to build new projects rather than to speculate with the price of the most valuable digital asset.
Now there are several enthusiasts which are sure that Bitcoin will reach $ 300,000.
There are many innovations in the space that would allow Bitcoin to reach new peaks in the future.
A few days ago, Fundstrat founder Thomas Lee said that Bitcoin is six months away from the bull trend.
John McAfee, one of the most popular figures in the crypto space, believes that Bitcoin will be able to do more than 80% of its value and users are waiting for the digital asset to start growing again. Bitcoin Price Surpassing $ 4,000 and Can Revisit $ 20,000 By 2021 If History Repeats
Here's a Bitcoin Price Surpassing $ 4,000 and Can Revisit $ 20,000 By 2021 If History Repeats
Here is The story for when we first broke that Bitcoin surpassed the $ 4,000 price point point.
Where is Bitcoin in the Greater Scale? 4 Years Ago It Was $ 285 USD
For those who have been in and out or newer to the blockchain space, many believe bitcoin is evolving into its fourth fractal pattner based on history and chart analysis in its ten years of existence. The nature of Bitcoin's Price Action Repeating has become apparent to those looking at historic data and graphs, and it is likely that there will be a bigger wave expected, as many will let their bitcoin price predictions fly. The 90% drawdown we have had has always led to a 10-20x gain back and usually lasts 1-2 years at 80-90% clawback and we are near the end of that route.
Got an @ Amazon delivery today and the delivery guy saw the Bitcoin T-shirt I was wearing and talking about the recent price movements. He was surprised after I mentioned all major players starting to come in.
Awareness and global adoption will get there one step at a time. pic.twitter.com/53Ok7SqUjb
– Ilir Gashi [LTC⚡] (@mrilirgashi) March 15, 2019
Bitcoin is trading at $ 4,044 BTC / USD exchange rate and just four years ago, a single bitcoin was $ 285. Adding to the comment below, cryptocurrency-haters thought those who invested in the BTC at $ 1,000 would never break even:
Today, 4 years ago, the bicotine price was $ 285, and the consensus was people who bought the bicino at $ 1000 would never break even
– Needacoin (@needacoin) March 15, 2019
What do you guys think about Bitcoin's price news and surge today? As we know, every day gets close with anticipation to the big bitcoin in halving, we expect nothing more than fireworks in the mint market caps both today, tomorrow and years after now.