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Here’s Why Tim Draper Still Believes Bitcoin Will Reach $250K
American billionaire venture capitalist Tim Draper has reiterated his bullish support for Bitcoin despite the crypto winter intensified by the sudden crash of the FTX exchange. Draper predicted last June, during the bull market, that the leading crypto asset would reach $250,000 by the end of 2022. However, his prediction is less likely to happen this year since the largest cryptocurrency is now trading below $17,000 following the FTX fiasco. Women and Retailers Can Push Bitcoin to $250k Nonetheless, the billionaire still believes Bitcoin will hit the $250,000 target and probably go beyond once the market recovers and people, especially […]
Here’s The Timeline, When Bitcoin Price Will Initiate Fresh Rally!
Cryptocurrency At the time of publication, Bitcoin is changing hands at $19,181 after a plunge of 0.50% over the last 24hrs and this bearish movement has been observed for more than two months now. A few days back, the flagship currency surged above $19,500, but the bulls couldn’t maintain the pace. Bitcoin started its downward journey after BTC made its first decline towards $19,300 and then $19,200. Before reclaiming the $19,000 area, the King’s currency had plunged below $18,500. Now, the immediate resistance lies at $19,200 while the support is positioned at $19,000. Bitcoin Bull Run Soon As the lead […]
Here’s How You Should Trade Ethereum (ETH) Before The Merger
Cryptocurrency As Bitcoin continues to hover around $19,000, the second largest cryptocurrency by market cap, Ethereum, is eventually moving towards retesting its lost range of $1,700. Currently, Ethereum is changing hands at $1,626 after a massive gain of 7.05% in the last 24hrs. At the moment, Bitcoin is struggling to gain momentum and avoid another rejection, thus, market participants have turned Ethereum to be their saviour. The upcoming Ethereum merger has gained both positive and negative speculations. A few market participants claim that the merger will lead to increased demand and drive the ETH price. Conversely, a few others believe […]
Here’s When Bitcoin (BTC) Price Could Witness A 2x Rally
Although negative sentiments dragged the Bitcoin price down drastically over the last few days, the asset is now displaying strength and continuing upward; it is up by 1.85% today, currently trading for $19,296. The asset’s price has a direct correlation with the U.S. Federal Reserve’s increase in interest rates. Similar selling pressure was still present on the chart of bitcoin. “Bears” to Free Fall or Grip in Winter? According to rekt capital rekt capital author at Rekt Capital Newsletter Rekt Capital AuthorTraderMarket Analyst Followers : 0 View profile , the bear market for Bitcoin (BTC) is about to reach its […]
Here’s Why It’s a Crucial Week For Crypto Market, What Bitcoin (BTC) Traders Can Expect?
Cryptocurrency Bitcoin bulls are trying hard to set their foot above the $24,000, although on the other hand financial analyst Justin Bennett said that this week’s release of inflation data will be the biggest test of the year by far for the cryptocurrency markets. The trader said in a new video that statistics from the Consumer Price Index (CPI) and Producer Price Index (PPI) might shake the macro environment and have a big impact on cryptocurrency. Both CPI and PPI will be released back-to-back the next week, so the stock market, as well as the cryptocurrency market, will want to […]