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Tuesday, 22 October 02:00 (GMT -05:00)



Foreign exchange market

BTC Market Will Set New Highs In 2020


Tom Lee, Chief Analyst for Fundstrat Global Advisors, has recently shared his optimistic view on the future of Bitcoin (BTC). In early May, he said that the BTC exchange rate is undervalued and, given some fundamental factors, it should be somewhere around 14K dollars per coin. At this point, he thinks that the current all-time highs may well be renewed this year. This means BTC prices above $20K per coin and market cap well over 830 billion dollars within the next 20 months.
 
During his interview to the CNBC, he told the reporters that the bull cycle isn't over yet for Bitcoin, and that's why we are going to see new all-time highs set in December 2017 - Fundstrat Global Advisors 2018. mostly likely, this is going to happen in 2020, although this year is on the timeline of possible price records as well.
 
The expert says that the very fact that the bull market is still there is backed by 11 factors, including the fact that the BTC network has been recently getting increasingly active, even despite a relative low BTC exchange rate. Another on has to do with technical analysis - the exchange rate closed over SMA200 in April. On top of that, institutional investors have been getting increasingly active as well, which makes Bitcoin and other cryptocurrencies even more popular as an investment asset. 
 
At the same time, FortFS experts stick to another opinion, a fairly optimistic one though. They assume that the bear market is likely over now, but it's a good idea to wait for confirmation from tech indicators.  
 
Bitcoin gained 4,5% per day and over 12% over the last trading week , thus reflecting the overall trend in the crypto market.
 
Daily. An explicit bull market amid trending ADX leaves almost no chances to the bears. A move up by 300 dollars per coin is possible.

 

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Н4: Local ADX is going up, but hasn't reached the trend area yet. That said, traders still have a chance to join the rally around the psychological level of 6000 dollars per coin.
 

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Н1: The latest bars have massive tails, which indicates big-scale buyers. The local support is located at the middle Bollinger Band (6084). This is probably the best price the market can give you today to get in.
 

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Expectations and trading decisions: It's a good idea to wait for the price to touch 6084 and get in to expect a rally up to 6400-6500. The targets may be reached with the next couple of days.  

 

You are free to discuss this article here:   forum for traders and investors

 

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Bitcoin Will Crash To $3000 Per Coin

In his latest YouTube video, a popular cryptocurrency expert named Alessio Rastani told his subscribers about the possibility of Bitcoin crashing all the way down to 3000 dollars per coin. So, is the BTC exchange rate really going to go that low in the near future? The expert started his review from evaluating the stock market sentiment cycle, which is a really significant part of market analysis. So, he did just that.

Publication date: 21 October 10:04 AM

Pound Will Drive Forex This Week

Before the start of the last trading week of October, the NordFX expert team has come up with another set of weekly consensus forecasts for the forex and cryptocurrency markets. When devising those forecasts, the experts gathered multiple expert opinions and tech analysis. As a result, we get the following picture:
Publication date: 21 October 12:15 AM

Dollar Will Keep Going Down, NordFX Experts Say

Right before the start of the last last trading  of this summer, NordFX experts came up with another set of market predictions for the forex and cryptocurrency markets. Their predictions are based on the consensus forecast compiled from various market forecasts made by various market experts as well as the result of technical analysis. The period is October 4th - 11th. So, this is what those predictions look like:
Publication date: 07 October 12:04 PM

Masterforex-V Names Worst Forex Brokers in September 2019

Masterforex-V Academy's rating of forex brokers gives you an unbiased and up-to-date picture of what's going on in the industry based on 20 criteria. One of the criteria is the amount and degree of the negative feedback provided by each broker's clients. In this article, we are going to dive deeper into the matter and find out which brokers turned out to be the worst ones in September and why.
 
Publication date: 03 October 05:21 AM

Bitcoin is only half-way down. Ethereum is stable.

The current state of affairs in the global cryptocurrency market leaves much to be desired. This is confirmed by a number of people who usually promote cryptocurrencies. John McAffee is clearly not one of them. He has always been very positive on the prospect of digital currencies. In particular, he believes that the BTC/USD exchange rate may eventually reach as much as 10 million dollars per coin. 
 
Publication date: 02 October 10:27 AM

Bitcoin Crash Causes Panic In Cryptocurrency Market

Bitcoin has crashed. Altcoins are bleeding. The panic is making things even worse for Bitcoin and other digital currencies out there. The worst case scenario provided by Masterforex-V Academy experts has finally manifested itself - a break below the bottom of the 9000-9400 range resulted in an instance crash by more than 15% just within a single trading session. In a matter of 12 hours the Bitcoin market lost 37 billion dollars of market capitalization.

Publication date: 25 September 11:10 PM

Bitcoin Exceeds $10K Again

It turns out that Bitcoin is still able to surprise. Despite the growing pessimism in social networks, recently has been a good time to load up on Bitcoin and other cryptocurrencies. The world's first and biggest coin has broken the psychological barier of 10000 dollar per coin. Does this mean going back to the bull market? At this point, the BTC rate is around 10300-10400 dollars per coin.

Publication date: 05 September 12:15 AM

NordFX: Forex And Cryptocurrency Market Review. August 2019

Right before the start of the last last trading  of this summer, NordFX experts came up with another set of market predictions for the forex and cryptocurrency markets. Their predictions are based on the consensus forecast compiled from various market forecasts made by various market experts as well as the result of technical analysis. So, this is what those predictions look like:
 
Publication date: 25 August 12:12 PM

Will Brexit Affect Bitcoin?

Some representatives of the international expert community assume that the Brexit is going to push Bitcoin higher, all the way up to new record highs in 2019. Nicolas Gregory, CEO of a blockchain company named CommerceBlock, is one of those experts. Not so long ago, he shared his standpoint with The Independent. He thinks that the Brexit may radically change the position of Bitcoin in the global economy and finances.
 
Publication date: 25 August 10:48 AM

Forex and Cryptocurrency Market Review by NordFX

At the beginning of the current trading week, NordFX experts came up with another set of market predictions based on a number of expert opinions backed by trending indicators and oscillators. This is what they came up with:

Publication date: 19 August 01:09 PM