It is well known that the price of Bitcoin fluctuates; however, industry experts, such as Ted Pillows, predict that the leading cryptocurrency could remain at $130,000.

Of course, there are related factors that influence the setting of BTC’s price, such as market liquidity, the Fed’s interest rate decisions, and circumstantial events or increases in the price of gold.

On the social media platform X, market analyst Swissblock, who specializes in digital assets, posted a thread listing potential bullish catalysts for BTC: “Bitcoin is in the process of finding a bottom. The key to watch: our Aggregated Impulse Signal.” This is a metric used by the platform, based on the exponential price structure of the top 350 altcoins, which, according to the platform, “is the most accurate top and bottom signal in the market.”

According to the company, once it returns to “0”, it historically “the end of a bottom and the beginning of an upward continuation” occurs.

M.Pino

Source: cointelegraph

(Reference image source: Kanchanara on Unsplash)

Visit our news channel on Google News and follow us to get accurate, interesting information and stay up to date with everything. You can also see our daily content on X/Twitter and Instagram

La entrada Bitcoin price could remain above $130,000 apareció primero en Bitfinance.

The British bank Standrard Chartered predicts the end of 2024 with all-time highs for bitcoin, regardless of the result of the November presidential elections in the United States.

According to the bank’s head of research, bitcoin has the potential for an increase in its price to reach historical highs at the end of this year, since the factors that support its value are above the US electoral process.

At the end of the year, according to Standard Chartered estimates, if Donald Trump is re-elected, bitcoin could reach $125,000; In the event that Kamala Harris wins, the price of the cryptocurrency could be $75,000.

Among the factors that may influence an increase in the price of BTC are positive changes, there is a recent relaxation in regulations, such as the repeal of SAB 121, which imposes strict accounting standards on digital asset holdings by 2025.

Another factor that the bank considers driving the price of bitcoin is the rise of the US Treasury markets.

M.Pino

Source: cripto247

(Reference image source: Erling Løken Andersen in Unsplash)

Visit our news channel on Google News and follow us to get accurate, interesting information and stay up to date with everything. You can also see our daily content on Twitter and Instagram

La entrada Bitcoin price could reach all-time highs by the end of the year apareció primero en Bitfinance.

This week could be positive for Bitcoin, the main cryptocurrency on the market, after a positive boost in its price this Monday that makes analysts think that it will reach $69,000.

The fluctuation in the price of Bitcoin in recent months, and the downward trend in recent weeks, keeps investors and traders on edge.

At the close of July 21, the price of the cryptocurrency was $67,000, which is seen as an “explosive” movement by analysts, who consider the movement as an indication of possible gains of 10 %.

Immediately after Joe Biden, President of the United States, announced his exit from the presidential race, Bitcoin fell to a low of $65,800. However, it recovered over the next eight hours, according to TradingView data, gaining more than 3.6 %.

M.Pino

Source: cointelegraph

(Reference image source: Michael Förtsch in Unsplash)

Visit our news channel on Google News and follow us to get accurate, interesting information and stay up to date with everything. You can also see our daily content on Twitter and Instagram

La entrada Bitcoin could close the week on the rise apareció primero en Bitfinance.

At the close of this Wednesday, March 6, Brent crude oil reached USD 82.83, which according to oil industry specialists represents an increase of 0.25 %.

Among the factors that favor this upward trend is the current positive macroeconomic scenario, so analysts consider that the trend could continue in the coming days.

In the opinion of Fawad Razaqzada, analyst at Forex.com and City Index, the weakness of the dollar for this March 6, in addition to the increase in demand for crude oil above expectations, were drivers of this increase.

At the same time, the market was positively energized by the announcements of the annual growth of the Chinese economy.

M.Pino

Source: finanzasdigital

(Reference image source: Delfino Barboza at Unsplash)

Visit our news channel on Google News and follow us to get accurate, interesting information and stay up to date with everything. You can also see our daily content on Twitter and Instagram

La entrada Brent crude oil rose 0.25 % apareció primero en Bitfinance.