CRYPTO NEWS - Bitcoin Could Go As High As $500,000
CRYPTO NEWS - Bitcoin Could Go As High As $500,000
0:12 Intro
01:45 Crypto News
03:17 Bitcoin News
05:48 Crypto Market News
07:15 Bitcoin technical analysis
08:24 Outro
Bitcoin is trading very quietly this weekend.
The world's first cryptocurrency is trading very quietly this weekend. It doesn't even look like bitcoin and makes us fear the "storm" that will follow after the "calm". At the moment, the 4hour timeframe (illustration below) shows a downward trend with the naked eye. Thus, as long as the cryptocurrency is below the Ishimoku cloud and below the downtrend line, it is definitely not worth buying. But the probability of a new bitcoin decline remains quite high. Those factors, which can and should push it down, are long-term, which means bitcoin is unlikely to just collapse to $20-30 thousand per coin. Most likely, the gradual downward movement will continue.
Katie Wood believes that bitcoin has the power to grow by a factor of 10.
Meanwhile, watching another bitcoin decline, world-renowned investor Kathy Wood, who is the founder and head of Ark Invest, has stepped up. She said yesterday that bitcoin may well rise in price to $500,000 per coin, but that investors need to increase their investments in the asset to do so. Frankly, the prediction is from the category of "if everyone buys the Euro currency, it will go up in price." What are the reasons for investors to keep buying bitcoin, Kathy Wood did not say. However, she did note that bitcoin has low correlation with other asset classes and therefore may be attractive to investors in terms of risk diversification. From her perspective, if institutional investors invested up to 5% of their money in bitcoin over time, the cryptocurrency could strengthen to $0.5 million.
#cryprocurrency #bitcoin #btc
0:12 Intro
01:45 Crypto News
03:17 Bitcoin News
05:48 Crypto Market News
07:15 Bitcoin technical analysis
08:24 Outro
Bitcoin is trading very quietly this weekend.
The world's first cryptocurrency is trading very quietly this weekend. It doesn't even look like bitcoin and makes us fear the "storm" that will follow after the "calm". At the moment, the 4hour timeframe (illustration below) shows a downward trend with the naked eye. Thus, as long as the cryptocurrency is below the Ishimoku cloud and below the downtrend line, it is definitely not worth buying. But the probability of a new bitcoin decline remains quite high. Those factors, which can and should push it down, are long-term, which means bitcoin is unlikely to just collapse to $20-30 thousand per coin. Most likely, the gradual downward movement will continue.
Katie Wood believes that bitcoin has the power to grow by a factor of 10.
Meanwhile, watching another bitcoin decline, world-renowned investor Kathy Wood, who is the founder and head of Ark Invest, has stepped up. She said yesterday that bitcoin may well rise in price to $500,000 per coin, but that investors need to increase their investments in the asset to do so. Frankly, the prediction is from the category of "if everyone buys the Euro currency, it will go up in price." What are the reasons for investors to keep buying bitcoin, Kathy Wood did not say. However, she did note that bitcoin has low correlation with other asset classes and therefore may be attractive to investors in terms of risk diversification. From her perspective, if institutional investors invested up to 5% of their money in bitcoin over time, the cryptocurrency could strengthen to $0.5 million.
#cryprocurrency #bitcoin #btc
