Bitcoin (BTC) may be over seven times higher than at its last halving, but is history repeats, that number could grow another 300% and more. As tracked by on-chain data source Ecoinometrics this month, BTC/USD has the potential to eclipse estimates simply by following historical precedent. Bitcoin: Compared to 2017, you ain't seen nothing yet Bitcoin currently trades 7.3 times its price at the halving in May 2020. If the last halving cycle is anything to go by, however, price action will not stop until it is 30 times higher. The data relates to the roughly four-year halving cycles in …

Bitcoin (BTC) may have hit highs of $60,000, but calculations suggest that the price level will matter much more to bears, not bulls. In a tweet on Oct. 14, popular Twitter account TechDev again highlighted historical data that has so far accurately tracked Bitcoin’s highs and lows. How about an 80% BTC price crash to... $60,000? While BTC/USD is tipped to retake all-time highs and climb to six figures this year, investors’ attention is already turning to how far Bitcoin will fall after its next blow-off top. The idea that BTC price action moves in cycles — with a bearish …

By laying the foundations of the Internet of Value, cryptocurrency and blockchain will generate more wealth than Web 1.0 and Web 2.0, said Mark Yusko, CEO of Morgan Creek Capital, in an exclusive interview with Cointelegraph. “We haven't even gotten to the parabolic growth part of Web 3, which is going to create untold wealth,” stated Yusko. In his career as a hedge fund manager, Yusko profited from investing in early internet technologies. He embraced cryptocurrency in 2017 after realizing their potential to power the Internet of Value — a new iteration of the internet that will allow users to …

Bitcoin (BTC) is on track to see new all-time highs this month and at least $72,000 in November if the latest price data is accurate. In a tweet on Tuesday, Filbfilb, an analyst at trading platform Decentrader, described what he said was an achievable price target for this month and next. BTC price to $72,000? “Stranger things have happened,” says trader With “Uptober” delivering solid bullish results so far, analysts are keen to chart where the Bitcoin bull run might lead in Q4. As Cointelegraph reported, some predictions have used historical price comparisons and even simple calculations to deliver near-term …

Countries in the developing world will soon follow in the steps of El Salvador and make Bitcoin (BTC) legal tender, BitMEX CEO Alexander Höptner recently predicted. In a Wednesday blog post, Höptner expressed support for El Salvador adopting Bitcoin as legal tender in September, predicting that developing countries will be “leading the way” in Bitcoin adoption: “My prediction is that by the end of next year, we’ll have at least five countries that accept Bitcoin as legal tender. All of them will be developing countries.” Höptner told Cointelegraph that countries like Brazil and the Philippines could be among the following …

Bitcoin (BTC) should see a “large” price increase thanks to a rare bullish phenomenon that has just hit for the first time in seven years. In his latest update on Bitcoin’s relative strength index (RSI), popular Twitter analyst TechDev flagged major similarities between this year and the 2013 BTC bull run. Stochastic RSI sees “especially bullish cross” As Bitcoin heads higher, RSI has rapidly increased and is currently cooling from “overbought” territory suggestive of a temporary — even if modest — price pullback. Zooming out, however, stochastic RSI is in the midst of repeating its moves from 2013, which preceded …

Bitcoin (BTC) was keen to retain $44,000 on Oct. 1 as the monthly close sparked a late show of strength. BTC monthly close matches PlanB’s prediction Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it first returned to the $44,000 mark Thursday, then test lower levels before heading even higher. While still not tackling resistance at $45,000 and higher, Bitcoin did not disappoint with its end-of-month performance, this almost exactly matching predictions from stock-to-flow model creator PlanB for a second month running. Aug>47k✅ Sep>43k✅ Next targets: Oct>63k, Nov>98k, Dec>135k pic.twitter.com/C45nfQkQSC — PlanB (@100trillionUSD) October 1, 2021 With $63,000 …

Bitcoin (BTC) was busy losing its overnight gains on Sept. 27 as resistance continued to prove too much for bulls. Analyst on Bitcoin: “Right now, we’re stuck” Data from Cointelegraph Markets Pro and TradingView showed BTC/USD dropping to around $1,000 below overnight highs of $44,400 on Bitstamp on Sept. 27. The move constitutes a rejection at a “critical” zone to break, Cointelegraph contributor Michaël van de Poppe explained, with $42,000 now the key level to hold for a higher low. Bitcoin is acting in an increasingly narrow range, he summarized in his latest YouTube update. “Right now, we’re stuck,” he …

Bitcoin (BTC) may be hitting new all-time highs, but it may just be another bubble, new research suggests. Unveiling a theory that could well rile Bitcoin bulls, analytics guru Material Scientist revealed what seems to be a strong correlation between Bitcoin price cycles and Chinese debt cycles. Casting doubt on the power of Bitcoin halvings With BTC/USD hitting its latest all-time high in April 2021, expectations are high that another will come before the end of the year. Looking back at Bitcoin’s history, Material Scientist shows that previous cycle tops in Bitcoin have coincided with tops in Chinese debt cycles. …

Bitcoin (BTC) must cost at least $39,000, says a new tool combining two of its most powerful metrics. In a tweet on Thursday, analyst William Clemente presented the illiquid supply floor chart — and its findings are firmly bullish for BTC. Bitcoin’s price floor rises and rises With exchange reserves dwindling and major corporate buy-ins expected to be announced in the coming weeks, analysts are all but guaranteeing BTC price upside. As Cointelegraph reported, long-term holders are now in possession of more of the supply than at any time since October 2020. Now, illiquid supply data has been combined with …

Industry experts see Tuesday’s crypto market plunge as a “false dip” while reiterating the $100,000 Bitcoin (BTC) price for the end of the year. In a new report by Standard Chartered’s cryptocurrency research unit, Bitcoin is predicted to hit $100,000 “in late 2021 or early 2022,” accompanied by a huge Ether (ETH) price spike. The research team said that Ether is “structurally” valued at $26,000–$35,000 — 10 times its current price — but BTC must reach $175,000 for that to occur. Nick Spanos, one of the first BTC exchange operators and co-founder of Zap Protocol, defined the Tuesday crash in …

Following El Salvador’s historic adoption of Bitcoin (BTC) as legal tender on Tuesday, Cardano founder Charles Hoskinson predicted that a lot more countries will eventually follow in the Latin American nation’s footsteps. El Salvador’s Bitcoin acceptance further legitimizes the belief that people should be in control of their money, Hoskinson said in his “Congratulations Bitcoin” YouTube video on Tuesday. The Cardano founder expressed confidence that cryptocurrencies like Bitcoin are the future of money as the younger generation will inevitably trigger mass adoption of crypto. “The majority of people under the age of 25 have a positive view on cryptocurrencies, and …