Saturday, September 23, 2023
No Result
View All Result
CONTACT
First Crypto News
  • News
  • Bitcoin
  • Ethereum
  • Industry
  • Market Updates
  • Price
  • Coins
  • Press Release
  • News
  • Bitcoin
  • Ethereum
  • Industry
  • Market Updates
  • Price
  • Coins
  • Press Release
No Result
View All Result
First Crypto News
No Result
View All Result

Why We May See Bitcoin At $50,000 By Mid-2020, (According to Trader)

by firstcryptonews
November 21, 2019
in News
Why We May See Bitcoin At $50,000 By Mid-2020, (According to Trader)

Bitcoin has been pretty strong throughout all 2019 even though the short term is looking bearish. Most analysts and traders believe the Bitcoin bottom is in and set nicely on the monthly chart.

Currently, the Bitcoin bears have been able to keep the price below $9,000, however, there has been no continuation which indicates a lack of strength. Bitcoin could very easily bounce from the current level and smash through $10,000.

According to a crypto trader and analyst, Bitcoin could reach $50,000 by mid-2020. According to his twitter post, this last move downward could very easily be the last before the takeoff. The short term of Bitcoin is slowly shifting in favor of the bulls as the bears are not getting any sort of continuation.

The longer time frames have remained heavily bullish for the most part, especially the monthly chart which is showing a lot of strength for the bulls. Considering the Bitcoin halving will happen in May 2020, it’s fairly possible for Bitcoin to reach a new all-time high by then.

Historically, Bitcoin halvings have been extremely effective and have boosted the price long before the event itself.

However, according to a few reports, many investors might not even be aware of the upcoming halving which means there is still a lot of room for growth. This could influence Bitcoin’s price to see a huge increase when the event happens or shortly after.

Grayscale Investments stated that:

“In fact, based on anecdotal conversations with market participants, we were surprised to learn that many of them were not even aware of this event. Moreover, according to Unchained Capital, less than 32% of the Bitcoins in circulation have remained in the same wallet address since July 2016”

Some investors are also pointing out that Christmas and other holidays are coming soon which could lead to investors “cashing” out, however, this doesn’t seem to be the case, at least based on historical facts.

Related Posts

ElmonX Unveils ‘Moona Lisa’: A Digital Collection by World-Famous Street Artist Nick Walker

ElmonX Unveils ‘Moona Lisa’: A Digital Collection by World-Famous Street Artist Nick Walker

by firstcryptonews
September 6, 2023
0

ElmonX is making waves in the NFT sector once more, drawing the attention of enthusiasts with the exciting announcement of...

VeVe Debuts Digital Collection from Award-Winning Artist Nathan Sawaya in collaboration with ElmonX

VeVe Debuts Digital Collection from Award-Winning Artist Nathan Sawaya in collaboration with ElmonX

by firstcryptonews
August 17, 2023
0

London, United Kingdom, August 17th, 2023, ElmonX, has once again caught the attention of everyone following the NFT Sector with...

ElmonX Introduces The Charles Salvador ‘Bronson’ NFT Collection — Unleashing Creativity, Healing, and Transformation

ElmonX Introduces The Charles Salvador ‘Bronson’ NFT Collection — Unleashing Creativity, Healing, and Transformation

by firstcryptonews
August 14, 2023
0

ElmonX is set to exclusively launch four distinct digital collectibles created on prison paper, offering a unique opportunity to own...

GRAND ANNOUNCEMENT: THE SPECTACULAR KICKOFF OF IEO STAGE 2!

GRAND ANNOUNCEMENT: THE SPECTACULAR KICKOFF OF IEO STAGE 2!

by firstcryptonews
August 4, 2023
0

🎉🚀 Welcome to the Amazing Referral Game Session! 🚀🎉 Dear friends, we have exciting news for you! The second stage...

Exclusive “Salvator Mundi” by Leonardo da Vinci To Release  In 3D and Augmented Reality on ElmonX

Exclusive “Salvator Mundi” by Leonardo da Vinci To Release In 3D and Augmented Reality on ElmonX

by firstcryptonews
August 6, 2023
0

The world’s most expensive art piece ever sold (USD USD 450,312,500) – Salvator Mundi is releasing as an NFT on...

Interest-Bearing Bonds-Backed Tokens: Generate yield using tokens backed by sovereign bonds

Interest-Bearing Bonds-Backed Tokens: Generate yield using tokens backed by sovereign bonds

by firstcryptonews
January 16, 2023
0

Vaduz, Liechtenstein. Decentralized Finance Innovator Mimo is launching “KUMA Protocol”: the first DeFi protocol issuing tokens backed by regulated NFTs, themselves...

Next Post
‘Beast Mode’ – Cardano’s Charles Hoskinson Affirms ADA Is The Crypto To Watch In 2020

‘Beast Mode’ – Cardano’s Charles Hoskinson Affirms ADA Is The Crypto To Watch In 2020

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

arno token

Art Nano(ARNO): The Secondary Energy Power Solution For Industries Using DeFi

2 years ago
The Revolutionary computing network, CosmosAI, officially commences, heralding an era of future technological innovation

The Revolutionary computing network, CosmosAI, officially commences, heralding an era of future technological innovation

2 months ago
Luna Cat NFTs Coming to BSC, Luna Crashed but Luna Cat Will Rescue, Limited NFTs That Provide High Staking APY 3,750%

Luna Cat NFTs Coming to BSC, Luna Crashed but Luna Cat Will Rescue, Limited NFTs That Provide High Staking APY 3,750%

1 year ago
UNIUM Presents its 8th NFT Project Collaborating with Ken Rhee

UNIUM Presents its 8th NFT Project Collaborating with Ken Rhee

2 years ago
HotsCoin Exchange: Revolutionary DeFi trading features officially launched, spearheading the wave of digital financial innovation

HotsCoin Exchange: Revolutionary DeFi trading features officially launched, spearheading the wave of digital financial innovation

4 weeks ago
Ripple CEO Brad Garlinghouse Is Sure Facebook’s Libra Won’t Launch Before 2023

Ripple CEO Brad Garlinghouse Is Sure Facebook’s Libra Won’t Launch Before 2023

4 years ago

First Crypto News

First Crypto News

First Crypto News is the Fastest Crypto News Portal. We Bring the Best and We Bring it Fast.

Bitcoin

Amid Chinese Crackdown, America’s Foundry USA Mining Pool Enters Top Ten Spot

Amid Chinese Crackdown, America’s Foundry USA Mining Pool Enters Top Ten Spot

June 21, 2021

Recent News

ElmonX Unveils ‘Moona Lisa’: A Digital Collection by World-Famous Street Artist Nick Walker

ElmonX Unveils ‘Moona Lisa’: A Digital Collection by World-Famous Street Artist Nick Walker

September 6, 2023

Press Release

Bridgeman Images and ElmonX Forge Exclusive Partnership to Pioneer High-Quality NFT Art

Bridgeman Images and ElmonX Forge Exclusive Partnership to Pioneer High-Quality NFT Art

September 20, 2023

© 2020 First Crypto News

No Result
View All Result
  • Home
  • World
  • Science
  • Tech

© 2020 First Crypto News