BitRss.com latest Crypto World News

Search and discover the latest Cryptocurrency updated Stories in Categories.

24-7 Cryptocurrency News about Blockchain, Technology and much more, only from Top Leading Sources.

Top Analyst Who Predicted Bitcoin (BTC) Boom to $100,000 Warns King of Crypto Running Out of Time to Prove Itself

Top Analyst Who Predicted Bitcoin (BTC) Boom to $100,000 Warns King of Crypto Running Out of Time to Prove Itself

A closely-watched crypto analyst says Bitcoin (BTC) is running out of time to prove its worth.
Peter Brandt, who is known for accurately calling the start of Bitcoin’s 2018 bear market, says it won’t be long before BTC begins a new bull run or crashes to zero.

I do not personally think BTC even has that much time to declare itself true or false
— Peter Brandt (@PeterLBrandt) March 26, 2020

From May of 2019 until February of 2020, Brandt believed Bitcoin was in the early stages of a fourth parabolic bull run that would bring the price to $100,000 or higher.

But that all changed this month, as the coronavirus pandemic triggered a massive sell-off that caused the leading cryptocurrency to plunge along with traditional markets.
Brandt, who has consistently maintained that BTC will likely rally to the moon or retreat to zero, now says there’s a high chance BTC may drop below $1,000.
Meanwhile, fellow analyst Tone Vays predicts  there’s a 75% chance that Bitcoin has reached a bottom, and a 20-25% chance BTC will once again drop below $3,800.
New analysis from Bloomberg is bullish in the short term. Analysts at the financial outlet say the GTI VERA Convergence Divergence – which looks to identify market reversals by removing excess noise from the typical moving average convergence divergence (MACD) indicator – is flashing a buy signal.
The same signal flashed ahead of Bitcoin’s February rally, which brought BTC to a high of $10,375. Bitcoin is up 0.24% to $6,696 at time of publishing, according to CoinMarketCap.
Check Latest News Headlines
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/gerasimov_foto_174
The post Top Analyst Who Predicted Bitcoin (BTC) Boom to $100,000 Warns King of Crypto Running Out of Time to Prove Itself appeared first on The Daily Hodl .

BitRss.com shares this Contents with License.

Thank you for Share!

   

Search Crypto News


BITRSS | CRYPTOCURRENCY WORLD NEWS

The latest Top News, from up to 70 Leading exponents of BlockChain, Bitcoin and different Accredited Crypto Currency Sources.

Since 2015, our Mission was to Share, up-to-date, those News and Information we believe to represent in an Ethical and sincere manner the current Crypto Currencies World: everything you are looking for, in one place!

We have always tried to give priority to the News; for this reason we have designed BitRss.com simple and intuitive, usable by all Devices, fast and effective.


| LEARN MORE ABOUT |

  • BlockChain Knowledge Base

  • Cryptocurrency Knowledge Base

  • Bitcoin Knowledge Base


    BITRSS | Submit Your Crypto NEWS

    BitRss.com not only Update the Sources several time a day and allow Visitors to follow and comment on the latest News; We accept submissions of your own Bitcoin and related Crypto stories.

    Our Team will evaluate in depth, human touch, if the Rss and Feeds Sources, will be in line with our policy.

    Protected by Copyscape

    Please support BitRss.com: if you like it, share your favorite News to your Socials!


24h Most Popular News