Does the Bitcoin course still offer good entry opportunities?

Bitcoin (BTC) is a deflationary currency that is basically supposed to rise in price. In the long run, this has always happened so far. The picture shows Bitcoin coins in front of a smartphone price graph.
Higher faster further. That is probably the current motto for the Bitcoin course. One all time high chases the next. A correction is not in sight and yet there are always signs that urge caution. In the following analysis, important price levels are filtered out on a weekly, daily and 4-hour basis.

All good things come in threes for the Bitcoin course

It has now been three weeks since the 2017 All Time High was toppled. In our report of December 14th , 2020 we already pointed out that an enormously strong movement was imminent. The current end of this move is now at $ 34,810 on Coinbase. Which does not mean that this must have been the end of the Bitcoin course. However, should a correction occur, the first longer-term support zone would be between $ 19,300 and $ 19,900.

This tremendous movement of the past three weeks has been aided by crypto-external capital inflows and coin shifts towards Bitcoin. Whether this will be sustainable, however, we can only guess, let alone foresee.

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Also in the Daily an expensive Bitcoin course

Due to the steady increase, the Bitcoin price does not recover and is under constant stress. The Relative Strength Index (RSI), which shows whether a market is expensive or cheap, not only sounds the alarm in the weekly. In the Daily, the RSI is now back above 90, which is now calling for a correction.

But every slight drop in price is bought up again immediately and the market never has the chance to recover and rest a little. At the moment, other coins offer much better entry opportunities for a medium-term long position.

A correction of the Bitcoin price could come back to the level between the two daily key levels. This zone extends from $ 22,800 to $ 23,850. As the next support below, we turn our gaze to the zone from the weekly chart.

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Good entry in a smaller time frame

In our last report we drew attention to the still bullish market structure. This signals to a trader that they are looking for long entries. Within the last week, there were two perfect opportunities to trade the Bitcoin price on the long side.

With the break of the 4-hour key level and the subsequent confirmation of it, you couldn’t go wrong with long trades.

Trades against the trend are riskier and work less in percentage terms than trades with the trend. It is not for nothing that it is called “The trend is your friend!”. If the Bitcoin price falls below the mark of 32,225 dollars at the end of the candle, one should keep an eye on the next support zone at 28,800 dollars and 29,360 dollars.

Toronto-listed NexTech to acquire $ 2M in Bitcoin (BTC)

Canadian company NexTech has announced plans to acquire $ 2M worth of BTC for its treasury.

The CEO described bitcoin as a “digital version of gold”.

Canadian company NexTech, listed on the Toronto and Frankfurt stock exchanges, has announced plans to acquire $ 2 million worth of BTC for its treasury.

NexTech buys Bitcoin

Canadian company NexTech AR has planned to use its treasury funds to buy Bitcoin to „diversify its capital.“ Evan Gappelberg, CEO of NexTech explained that the company’s initial investment could reach $ 2 million.

As of September 30, the company had $ 12.8 million, which represents approximately 15.6% of its available cash . The CEO said:

Our investment in bitcoin is part of our new strategy of diversification and capital allocation, with the intention of maximizing long-term value for our shareholders.

Mr Gappelberg said the investment reflects his belief that Bitcoin is a long-term store of value with greater potential for appreciation than holding cash.

The CEO described Bitcoin as a “digital version of gold,” with a total capitalization of $ 10 trillion, while BTC’s capitalization is $ 500 billion.

In the footsteps of Mogo

The Canadian company Mogo listed on NASDAQ also wants to convert some of its cash into Bitcoin by the end of the year. Greg Feller, president of Mogo explained that the company’s initial investment could reach $ 1.5 million.

MicroStrategy remains the listed company with the most bitcoin in its possession with 70,470 BTC in cash for a current value of $ 1.87 billion.

Le boom de la DeFi et le rallye Bitcoin placent NEXO en position de terminer l’année 2020 avec un gain de 480%

Bitcoin est actuellement le centre d’attention mais les investisseurs avertis ont également remarqué que le jeton Nexo a augmenté de 480% au cours des 3 derniers mois.

Au cours des trois derniers mois, le token NEXO, l’actif natif de la plateforme de prêt de Nexo basée sur la chaîne de blocs, a augmenté de plus de 480 %. Depuis que Bitcoin (BTC) s’est négocié à 10 000 dollars, le prix de NEXO a suivi de près celui de BTC, mais la performance est quelque peu terne si on la compare aux 1000% de hausse enregistrés par une poignée de jetons DeFi.

Le projet a été initialement révélé par le groupe européen FinTech Credissimo à la fin de 2017 et a déclaré qu’il offrirait „les premiers prêts instantanés cryptés au monde“.

Fondée par les employés de Cresissimo, Antoni Trenchev, Georgi Shulev et Kosta Kantchev, la plateforme avait pour objectif initial de fournir aux investisseurs en cryptologie un moyen d’emprunter sur la valeur de leurs actifs de cryptologie plutôt que de vendre leurs actifs et de créer un événement imposable.

A l’origine, Nexo avait prévu de lancer une prévente publique et une vente principale à titre symbolique, mais ces plans ont été annulés en raison de la demande excessivement élevée de sa vente privée aux investisseurs.

NEXO a suivi une trajectoire similaire à celle de la plupart des projets lancés fin 2017 et début 2018, alors que le cycle de battage publicitaire de Bitcoin se déroulait. La valeur du jeton est passée d’environ 0,10 $ lorsqu’il est entré en bourse à plus de 0,40 $ en mai 2018, avant que la réalité de l’hiver de la cryptographie ne s’installe et que le prix de Nexo ne tombe à 0,045 $ en septembre 2018.

L’innovation semble être le moteur de l’action sur les prix de Nexo

Fin octobre, alors que Bitcoin s’apprêtait à sortir de la fourchette des 10 000 à 12 000 dollars, Nexo a lancé son initiative „Nexonomics“ pour favoriser l’adoption de son jeton et de sa plateforme. L’idée était d’introduire progressivement des mises à jour et de nouvelles fonctionnalités à la plate-forme jusqu’à la fin de 2020 afin de contribuer à la promotion de la tokénomique et de l’utilité du jeton.

L’équipe a également introduit son programme „Earn in NEXO“ qui permet aux utilisateurs de gagner 2% d’APY supplémentaires s’ils choisissent de faire payer tous les intérêts gagnés dans NEXO.

Depuis le lancement de Nexonomics, le prix de NEXO a connu une augmentation de plus de 480 %, sa capitalisation boursière passant de 68 millions de dollars à sa valeur actuelle de 383 millions de dollars sur une période de trois mois.

Au cours de cette période, Nexo a également connu une augmentation significative du volume des transactions, passant d’un volume moyen quotidien d’environ 5 millions de dollars à son volume actuel de plus de 30 millions de dollars.

Les jetons Nexo et DeFi cherchent à surfer sur la vague Bitcoin

Alors que le marché de la cryptographie se dirige vers les dernières semaines de 2020 et que Bitcoin atteint successivement de nouveaux sommets historiques, Nexo semble bien placé pour conserver ses récents gains et peut-être même aller plus loin s’il y a un regain d’intérêt pour les plates-formes DeFi.

Au cours des six derniers mois, un certain nombre de grandes institutions ont ouvert des positions importantes sur Bitcoin et le FOMO entourant la cryptographie pourrait faire en sorte que des projets comme Nexo reçoivent une attention particulière en raison de la niche qu’ils occupent et de l’intérêt fiable qu’ils offrent sur les dépôts.

Les points de vue et opinions exprimés ici sont uniquement ceux de l’auteur et ne reflètent pas nécessairement les vues de Cointelegraph.com. Chaque mouvement d’investissement et de trading comporte des risques, vous devez donc effectuer vos propres recherches avant de prendre une décision.

JPMorgan déclare que l’adoption de bitcoins de plus en plus nombreux est vouée à l’échec – voici pourquoi

Dans les prédictions habituelles de JPMorgan sur l’évolution des marchés de l’or et de la cryptographie, la célèbre banque américaine de Wall Street a déclaré que la montée des cryptocurrences dans la finance traditionnelle continuerait à se faire au détriment de l’or.

Suite à un examen des stratèges quantitatifs de la banque, elle a cité qu’il y a eu un afflux croissant de fonds dans Bitcoin depuis octobre. Pourtant, c’est le contraire qui s’est produit pour l’or. Cette tendance va continuer à régner alors que de plus en plus d’investisseurs institutionnels continuent à adopter les cryptocurrences, a déclaré la banque.

La déclaration des stratèges de JPMorgan sur le sujet est la suivante : „L’adoption du bitcoin par les investisseurs institutionnels ne fait que commencer, alors que pour l’or, son adoption par les investisseurs institutionnels est très avancée“.

L’avenir de l’or en jeu

La quête de la banque sur ce qui l’attend pour l’or l’a amenée à faire une analyse plus poussée de Grayscale Bitcoin Trust, un fonds coté en bourse populaire auprès des institutions.

Grayscale Bitcoin Trust a dévoilé des entrées de près de 2 milliards de dollars depuis octobre ; tandis que les fonds cotés en bourse et adossés à l’or ont connu des sorties de 7 milliards de dollars depuis la date indiquée. Cela laisse présager un mauvais avenir pour l’or.

La banque a suggéré qu’un mince moyen de survie pour les détenteurs d’or est d’acheter une unité de Grayscale et de vendre trois unités du SPDR Gold Trust. En effet, le transfert des allocations d’or à Bitcoin ne signifierait que le transfert de milliards en espèces.

Selon JPMorgan, „si cette thèse à moyen et long terme s’avère juste, le prix de l’or souffrirait d’un flux structurel contraire au cours des prochaines années“.

L’or pourrait avoir une chance de se redresser

Selon JPMorgan, les investisseurs qui négocient en fonction de l’évolution des prix pourraient vendre leurs Bitcoin à court terme.

Les prix des bitcoins ont tendance à dépasser les prix actuels, car les signaux de momentum se sont dépréciés. Cela pourrait signifier une reprise équitable pour l’or à court terme.

JPMorgan foresees institutional investment of $ 600 billion in Bitcoin

If pension funds and insurance companies in the US, Europe and Japan allocated only 1% of their reserves in Bitcoin, the result would be a $600 billion demand on digital assets.

Recently Bitcoin has been gaining a lot of interest from institutional investors in a move that started even before the recent considerable appreciation of digital assets. Much of this interest comes from the fame of value reserve that Bitcoin has been gaining, attracting even investments of hundreds of millions.

The most recent investment, of US$ 100 million in Bitcoin, made by the insurance company MassMutual attracted the attention of many investors and also news vehicles.

An article published in Bloomberg highlighted a note by JPMorgan strategists on how the recent purchase of Bitcoins demonstrates a shift in demand for digital assets by institutional investors.

The famous news site highlighted the opinion of different strategists, who believe that a century-old insurance company betting on Bitcoin is a sign that something is changing in the types of investors present in the digital asset ecosystem. The site highlighted the opinion of strategist Nikolaos Panigirtzoglou, who said in a note:

„The purchase of $100 million suggests that the adoption of Bitcoin is spreading from family offices and wealthy investors to insurance companies and pension funds“.

According to JPMorgan strategists, even if these two sectors do not allocate much of their reserves in Bitcoin, this change may be significant in the near future.

„MassMutual’s purchases represent another important point for the adoption of Bitcoin by institutional investors. It is easy to see the potential demand that could arise in the coming years among other insurance companies and pension funds that follow suit“.

The total investment in Bitcoin by MassMutual was 0.04% of the total investment account of the insurer (about $ 235 billion). Still, the company informed that this was an initial investment and only an initial step before exploring further opportunities. If the company reaches 1% of its investment portfolio in Bitcoin, we may have a significant change.

„If pension funds and insurance companies in the US, Europe and Japan allocated only 1% of their reserves in Bitcoin, the result would be a demand of US$ 600 billion in digital assets, nearly double the current market capitalization of around US$ 356 billion,“ Bloomberg highlighted.

Time is running out for retail investors?

The institutional investment is something expected among Bitcoin investors and a very important point for the growth of cryptomoedas. But this also raises the concern of the retail investors, will we still have space inside this ecosystem?

Recently, the CEO of a UK Fintech said that Bitcoin was a chair dance, and that the music was running out. This alludes to the fact that the window of opportunity for those who want to buy smaller fractions for the current price may be ending.

With a large increase in demand by institutional investors, it can be very difficult for smaller investors to buy Bitcoin for a price at the current levels or have the possibility to buy a whole Bitcoin. However, for those who hold until then, it may be a plan coming true.

Twelve years later, Bitcoin still scares off fiat money

Twelve years after the launch of its white paper, Bitcoin is still scaring away fiat money, representing an alternative to it.

We all know what’s celebrated today: Halloween. The party that children and adults from all over the world are waiting for to dress up, eat candy, and enjoy a few good scares. However, today also marks another important date, the anniversary of the launch of the Bitcoin white paper by Satoshi Nakamoto. And we can say that twelve years later, Bitcoin is still scaring the fiat money.

A dark launch?

On October 31, 2008, the unthinkable happened. Satoshi Nakamoto, the legendary and anonymous creator of Bitcoin, launched the cryptomoney white paper to the public. An individual without even revealing his identity was thus standing up against a global economic system established and protected by the world’s governments. But why do it on October 31st? Why on Halloween?

As with everything about Satoshi Nakamoto, there are dozens of theories on this subject. After all, Nakamoto had 364 more days on which he could have released the Bitcoin white paper, without having to do so on a date as symbolic as Halloween. For this reason, there are members of the crypto community who wonder if it might not be an evening reference to the Reformation.

Reformation Day is a religious holiday celebrated in Germany to commemorate the beginning of the Protestant Reformation. A religious movement, which ended up being political, economic and social, and which led Christianity to face its greatest crisis so far. Whole countries were separated from the Catholic Church following the theses of Martin Luther.

Therefore, Satoshi Nakamoto could have used the day to insinuate that Bitcoin was the beginning of a new Reformation, this time economic. However, there is an even darker theory, which links Bitcoin’s white paper to Samhain. The Celtic festival that gave rise to Halloween and is still celebrated by neo-pagan movements such as the Wiccans.

The Battle of Bitcoin and Fiat Money

However, while none of these theories can be proven, what is clear is that in its twelve years of existence, Bitcoin has spread a good deal of scare. For no one could have imagined the emergence of a virtual, decentralised currency, born to challenge traditional fiat money.

Thus, in this short period of time, Bitcoin has gone from being a technological curiosity with little or no value. To become one of the main financial assets in the world. With a price tag of thousands of dollars, and millions of users using its Blockchain. Becoming a direct threat to fiat money.

And, although it still has a long way to go before it can displace fiat money, and become a common currency worldwide. No doubt Bitcoin’s achievements in these years are sufficient to ensure its global importance in the future. So today is not only Halloween, Samhain or Reformation Day, but above all the Bitcoin Anniversary.

Moon or mars? What is the next resistance on the Bitcoin chart?

Tether (USDT) is the best known and largest stable coin. It is used to quickly pump USD into the crypto markets because the rate is always stable.

The rocket in the Bitcoin chart has started and the moon and Mars are waiting. At least that is the opinion of many investors, with the hope of a new all-time high. The PayPal news seem to be the deciding factor and the euphoria knows no bounds. From a technical-analytical point of view, however, Bitcoin is directly confronted with several major resistances. One of these resistances will be examined in more detail in this article – the Fibonacci levels.

Coinbase’s Bitcoin Chart is viewed on a weekly, daily and 4-hour basis. As in previous reports, the moving average 200 is shown, as it represents a very striking support and resistance line.

Fibonacci and stock market prices?

The Fibonacci number sequence should be known to some from mathematics. But this phenomenon is also relevant in nature and even on the stock exchange. Using mathematical calculations, price levels can be determined up to where the price can correct after an impulse movement. If these levels are started, they act as support or resistance. Particular attention is paid to the golden pocket – the area between 0.618 and 0.65 Fibonacci levels. A nice example of this is provided by the Bitcoin Chart in the weekly view. The zone up to just over $ 14,000 was also mentioned as a strong resistance zone in our last report.

The moon doesn’t seem far away anymore. Or let’s say first of all the all time high. But let’s see the course’s final reaction when it ran into the Golden Pocket region. The price ran neither to the moon nor to Mars, but pushed down again and the moving average 200 had to serve as a support for the closing price.

Are there any clues for the Bitcoin Chart in the Daily?

Resistance, correction phases and support are something very natural – in life as well as on the stock market. No price can rise indefinitely and profit-taking by others is inevitable. In the daily chart, we have seen a price increase since the beginning of October that has practically not yet had a relevant correction. Higher, further, faster, moon, mars. Greed eliminates some wise decisions. But what if the Bitcoin course turns at this point and swings south, contrary to its own long position?

A support zone, which has also formed above the moving average 200, gives the price current hold. But let’s consider the golden pocket directly above the price from the weekly chart. Bitcoin is being constricted more and more from both sides. The support is getting closer and the resistance is right over it. The price has to decide for one side, up or down, long or short. We do not know what this will be. Observing the course of the Bitcoin chart and deriving smart decisions from the past – we can influence that.

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And what about now in the short term?

This can possibly be answered with the 4-hour chart. In this unit of time, things aren’t looking so bad for Bitcoin. There are two support zones below the rising price and it seems like it wants to make a new breakout attempt to the upside. We don’t know yet whether this will be sustainable. With spontaneous, ill-considered long entries in the 4-hour chart, you can currently trade a lot of losses – consider the golden pocket from the previous week in the Bitcoin chart!

Bitcoin acaba de publicar la señal de compra más grande en más de dos años, dice el principal analista de criptografía Nicholas Merten: esto es lo que sigue

El fundador y analista criptográfico de DataDash, Nicholas Merten, dice que Bitcoin Profit acaba de mostrar su mayor señal de compra en más de 24 meses.

En un nuevo video de DataDash, Merten explica por qué el cierre semanal de Bitcoin por encima de $ 13,000 es un hito histórico para la criptomoneda más grande

“Ayer, establecimos el cierre semanal más alto, que es nuevamente el precio significativo en el que la gente se está enfocando, el cierre semanal más alto desde todo el camino de regreso a mediados de enero de 2018. [Han sido] más de dos y un medio año desde que hemos llegado a este punto … Así que esto es algo realmente emocionante „.

Con el contexto en términos de precio establecido, el cripto estratega destaca por qué el reciente cierre semanal es una fuerte señal alcista

“La razón por la que desde una perspectiva técnica esto es extremadamente valioso más allá del valor de cualquier indicador que pueda utilizar en sus gráficos es porque ha sido un punto de resistencia significativo para Bitcoin durante un largo período de tiempo, en cualquier lugar entre el rango superior de $ 11,000 de regreso aquí en febrero de 2018, de aquí en julio y junio de 2019 y también aquí en agosto de 2020. Se tiende a que este rango entre el rango superior de $ 11,000 y $ 13,000 haya sido un rango de resistencia impugnado para Bitcoin varias veces.

A medida que los precios intentaron recuperar esos máximos de $ 20,000 que vimos en diciembre de 2017, el precio ha estado luchando por mantenerse en ese rango y, de hecho, cada vez que subió a este rango, fue vendido rápidamente por personas que habían comprado Bitcoin y finalmente tomó ganancias en sus posiciones, donde la presión del lado de la venta comenzó a pesar más que los compradores. Esta vez, realmente no hay mucha presión de venta. Ese es el factor importante aquí: cómo se mantiene [el] precio“.

Merten lleva su lectura alcista sobre el rey de las criptomonedas un paso más allá al observar el período de tiempo anual. Según Merten, Bitcoin ahora necesita cerrar 2020 a un precio clave para indicar el inicio de un fuerte movimiento hacia máximos históricos.

“Lo que tenemos que hacer es establecer un cierre, y me gustaría ver un cierre sustancial por encima del máximo anual aquí, que es de $ 13,880. Si podemos obtener $ 14,000, $ 15,000 por Bitcoin solo para fin de año, pasando por octubre, noviembre, hasta diciembre …

Eso es todo lo que necesitamos para ver a la gente. Es un indicador de precio claro en la forma más simple de análisis. Una vez más, gana la simplicidad. Es la señal clave más simple aquí de que nos estamos preparando para un movimiento sustancial en el mercado „.

Sun Genesis Mining de Tron aide TRX à éviter la vente sur le marché de la cryptographie

La montée haussière de Tron est due au fait que les investisseurs bloquent leur TRX pour exploiter le jeton Sun (SUN)

Un rapide coup d’œil à Coinmarketcap révèle que Tron (TRX) se maintient en termes de prix au milieu d’une mer de rouge

L’actif numérique est l’une des rares crypto-monnaies majeures les moins touchées par la chute du Bitcoin Evolution de 11,600 $ à 10460 $ au cours des dernières heures. L’autre actif numérique dans le top 20 affichant toujours des gains est Polkadot (DOT).

Selon Coinmarketcap, la valeur de Tron a augmenté de 24,8% au cours des dernières 24 heures. Dans le processus, TRX a devancé EOS du numéro 12 avec une capitalisation boursière de 300 millions de dollars séparant les deux actifs numériques. Vous trouverez ci-dessous une capture d’écran du site Web des classements démontrant ce fait.

Sun Genesis Mining de Tron aide TRX à éviter la vente sur le marché de la crypto 17

La tendance haussière de TRX à la suite de l’exploitation minière SUN Genesis

Le 30 août, Justin Sun a promis à la communauté Tron une nouvelle aventure qu’il allait annoncer dans les jours à venir. L’aventure a été révélée le 31 août et s’est déroulée sous la forme de SUN Genesis Mining . Ci-dessous, le tweet de M. Sun révélant la nouvelle fonctionnalité DeFi sur le réseau Tron.

Efter $ 190 miljoner investeringar talar Kazakstan nu för att attrahera 714 miljoner dollar i Bitcoin Mining

Kazakstan som står för 6% av den globala kryptogruvan vill öka sin oljedominerade ekonomi med över 900 miljoner dollar.

Kazakstan, en av de hetaste platserna för bitcoinbrytning, diskuterar för närvarande för att locka en investering till ett värde av 300 miljarder tenge, 714 miljoner dollar i kryptovalutasektorn, säger Digital Development Minister Bagdat Mussin.

Tretton gruvgårdar är redan i drift medan fyra är under sammandragning i den centralasiatiska nationen, sade Mussin vid ett regeringsmöte

„Mer än 80 miljarder tenge (190 miljoner dollar) har investerats i sektorn.“

„Idag har vi preliminära avtal om att locka till sig investeringar värda 300 miljarder tenge.“

Kazakstan påstår sig stå för 6% av den globala kryptogruvan.

Tillbaka i juni godkände landet rättsliga ändringar som klargjorde regleringen och beskattningen av kryptogruva. Bara förra månaden föreslog Kazakstan lagstiftning om en skatt på 15% på bitcoin-gruvföretag för att öka sin oljedominerade ekonomi.

Landet erbjuder relativt billig elkraft som gör det attraktivt för bitcoin-gruvarbetare, särskilt efter halvering som har förtunnat vinstmarginalerna

Men med bitcoinpriset över $ 11 000 och nätverksaktiviteten stark, genererade gruvarbetare uppskattningsvis 368 miljoner dollar i intäkter i augusti, en ökning med 23% från föregående månad.

Intressant är att bitcoin-gruvarbetaren Layer1 skördade avkastningen på över 700% genom att sälja sin strömförsörjning tillbaka till nätet i Texas.