Fast take: Timothy Peterson has mentioned that Bitcoin is in ‘bubble territory’He further warns of a possible 20% drop in the price of BTCBitcoin has failed to declare the $16k value area as make stronger A emerging wedge at the 6-hour chart may just mark the beginning of a possible correction Timothy Peterson
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Quick take:Bakkt’s Bitcoin and Crypto app is now to be had to these who signed up for early get entry toCurrent options include cash (USD) deposits/withdrawals and Bitcoin tradingMore features shall be added with timeEarly users/testers were requested to provide commentsThe Bakkt cell app is yet one more large step
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Quick take:The collection of Bitcoin whales holding no less than 10,000 BTC has reached a 2020 top of 111Bitcoin addresses holding between 1,000 and NINE,999 BTC could also be prime at 2,129 that's 6 addresses shy of the all-time topThe spectacular baggage of Bitcoin whales is proof of investor confidenceBitcoin
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Quick take:The amount of Bitcoin available for traders has dropped down to 2017 levelsMost of the Bitcoin is now held by investors aka hodlersSuch investors include Grayscale that has added 40k Bitcoin to its holdings in the last 30 days$15k might be the tip of the iceberg as Bitcoin could
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Quick take:Crypto analyst Timothy Peterson, has forecasted that Bitcoin has a 10% chance at breaking $20k this yearThese odds increase to 90% for the year 2021Mr. Peterson has also cautioned that Bitcoin could be overpriced by 20% – 50%However, he is optimistic that Bitcoin is unlikely to drop below $12k
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Quick take:The probability of Bitcoin hitting $20k by end of 2020 is now 14%This value is double what was recorded in late OctoberBitcoin has had a wild ride since November 3rd pumping from $13,200 levels to $15,950 only hours agoVery few resistances lie ahead of Bitcoin’s path as it attempts
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Quick take:2020 has seen the top 100 ChainLink whales continue to accumulate LINK offlineThis hints of increased confidence in the future price of LINKZeus Capital still maintains ChainLink is vaporwareChainLink is once again above $11 and could have a hard time recapturing $12 amidst a very bullish Bitcoin2020 has been
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Summary:Bitcoin analyst, MagicPoopCannon has postulated that BTC could test the $80k to $90k price area by mid next yearHe cites that Bitcoin has followed a beautiful rising arc pattern since the days of SatoshiThis arc points to $14k being broken, $20k being retested and the possibility of $80k – $90k
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Summary:Bitcoin trade volume continues to dominate the crypto marketsThe increment in Bitcoin trading has had a negative impact on alts such as ETH, LINK, XRPBitcoin’s dominance is once again above 63% and could signal more focus on trading BTC at the expense of altcoinsBitcoin (BTC) continues on its bullish climb
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Summary:MicroStrategy CEO, Michael Saylor, has declared that he personally owns 17,732 BitcoinHis revelation comes after queries about how much Bitcoin he ownsMr. Saylor explained that he bought the Bitcoins at an average entry price of $9,882He declared his holdings to MicroStrategy before it bought its stash of 38,250 BTCThe company
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