Bitcoin News
By TCA PR
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Next to BTC Parabolic Movement Will Lead to $100,000
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Bitcoin’s Upward Momentum
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About 4% of financial advisors in the US expect that the price of Bitcoin (BTC) has a great potential for a $100,000 level in the next few years.
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While some crypto traders are bullish on BTC, there are also individuals who do not believe that the crypto-asset could survive the next five-year trading scenarios.
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Meanwhile, a few analysts predicted that the leading cryptocurrency by market capitalization would get worse before it gets better prior to the upcoming having in May 2020.
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On January 31st, the BTC/USD pair gained more than 30%. That gain made BTC as the second major investment this year, which is just behind Tesla.
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Timeframes are used to determine the characteristics of a BTC bear or bull market. Using timeframes, analysts noted that the entire crypto market would witness the next parabolic…
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Besides, BTC enthusiasts see that the next bull cycle target will be between $80,000 and $100,000.
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Sure thing, no one would complain about the recent trading performance of Bitcoin. In fact, even those who have altcoins in their wallets celebrate the upward momentum of BTC…
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Based on the current performance of BTC in the market, there’s no room for not being bullish to the crypto asset.
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Crypto trader Galaxy said that the current BTC performance is just the beginning of a 1000% surge.
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Since February 2019, the crypto trader has been telling the crypto enthusiasts that BTC can reach six figures, and it will happen sooner or later.
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If you have been in the crypto space for a long time, Bitcoin isn’t a stranger when it comes to a parabolic run that goes beyond the standard technical analysis.
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According to seasoned crypto trader Peter Brandt, traders can continue hoping for further BTC price surge. He noted that BTC would not bounce back to its past lows at$6,000.
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At the time of writing, the BTC/USD pair is trading at $9,370, reaching the $9,450 local highs over the past 24 hours.
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