Tag Archives: 2020

Golden Cross Gives Little Relief as Bitcoin Risks Fall Below 2020 Bullish Trendline

While a long-term chart indicator has just made a bullish call, bitcoin (BTC) is struggling to gather upside traction and looks vulnerable near the seven-week rising trendline support. In what was possibly going to gift bitcoin prices a lift, the 50-day moving average (MA) has crossed above the 200-day MA, confirming a golden crossover, a long-term bull market indicator. Continue reading Golden Cross Gives Little Relief as Bitcoin Risks Fall Below 2020 Bullish Trendline

Bloomberg Says Bitcoin Will Hit $14,000 in 2020 Thanks to Gold

Bitcoin is going to boom this year. That’s the verdict, according to Bloomberg’s crypto’s outlook for 2020. Within the recently published report, Bloomberg market analyst Mike Mcglone outlines exactly how BTC can attain its 2019 high. Spoiler alert: it’s mostly to do with a correlation to gold. Continue reading Bloomberg Says Bitcoin Will Hit $14,000 in 2020 Thanks to Gold

Incarcerated Silk Road Founder Says Bitcoin Could Hit $100,000 in 2020

Bitcoin’s latest brush with six-month lows has attracted nasty commentary about the future of digital assets. Although the so-called bitcoin obituary hasn’t added any new listings since November, fund manager Peter Schiff is already consoling millennials about their foolish decision to dabble in the asset class. Continue reading Incarcerated Silk Road Founder Says Bitcoin Could Hit $100,000 in 2020

Bitcoin Holders Will See ‘Life-Changing Profits’ in 2020, Trader Predicts

With the exception of a brutal pump and dump on Wednesday, the price action of bitcoin has been far from exciting over the last few weeks. Since the end of October, the number one cryptocurrency has lost nearly 30% of its value. The slow bleed with a couple of dead cat bounces have frustrated both the bulls and the bears. Continue reading Bitcoin Holders Will See ‘Life-Changing Profits’ in 2020, Trader Predicts

Moonshot Bitcoin Price Trigger Needs Halving and 2020 Global Recession

It’s quite difficult to see the long-term bullish picture of bitcoin if the top cryptocurrency has been nothing but bearish lately. After a strong first half, the digital asset has shed over 46 percent from its 2019 high of $13,880. All of the bullish steam that bitcoin has mustered at the start of the year is gone. Many analysts are now calling for a massive bull capitulation to $5,800. Continue reading Moonshot Bitcoin Price Trigger Needs Halving and 2020 Global Recession