The analogy appeared in anticipation that Bitcoin could post a 2017-like bull run, in which the price rose by more than 1,900%.
Category: Bitcoin Price
The rush to so-called safe-haven cryptocurrency appears despite concerns that the Federal Reserve would taper its $120 billion a month asset purchasing program.
Analysts highlight the formation of a bull flag on the Bitcoin chart and suggest that the price could continue to consolidate until a major catalyst moves the market.
Bitcoin prices have been better after the second week of September, hovering around $46.5K to $48.5K per unit during the last two days. Meanwhile, bitcoin proponents still believe a significant second-leg up will be happening this year and a recent survey published by Plan B w
BTC takes aim at $50K; Solana goes down; Is ETH ‘sound money’? | Watch The Market Report w/ Charlie Burton
“The Market Report” with Cointelegraph is live right now with special guest Charlie Burton, a veteran trader and the co-founder of Ezeetrader!
The Nasdaq-listed company recently announced it added another 5,050 Bitcoin to its coffers for about $242.9 million.
Despite Bitcoin struggling mightily over the last week or so, a price target of $100,000 looks quite realistic for the digital asset.
However, some crucial Bitcoin price levels must be broken before the bullish party can start.
The chief investment officer of the world’s largest asset manager, Blackrock, says he could see bitcoin going up significantly. “I like
Block after block, Bitcoin highlights the power of programmable monetary policy even as calls for its death grow louder.