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Bitcoin Forum / Max Kaiser predicted Bitcoin's growth to $ 220,000

« on: December 02, 2021, 05:23:47 AM »

TV presenter and founder of Heisenberg Capital Max Kaiser expects that in the second half of 2021, the price of bitcoin will grow by 500% and reach $ 220,000. He stated this in Scott Melker's podcast "The Wolf of All Streets". In his opinion, the inflation of the US dollar stimulates the strengthening of the first cryptocurrency. Kaiser noted that against the background of the policy pursued by the Federal Reserve System, large corporations and companies are increasingly investing in digital assets.

"My target price [of bitcoin] for 2021 is still $220,000. This is an aggressive price target, which is explained by the serious problems of the US dollar," the TV presenter added.

Kaiser also stressed that the price of bitcoin is not as important as the hashrate and other fundamental indicators of the network. According to him, this only reflects the state of the dollar: when the rate of the first cryptocurrency grows, the dollar weakens, and vice versa.

"I don't look at the price, I look more at the hashrate. And this indicator has been in a very predictable, stable bull market for the last 10 years," he said.

Bitcoin Cash Forum / The bitcoin exchange rate has updated the historical maximum at $ 69,000

« on: December 02, 2021, 05:20:09 AM »

On Wednesday, November 10, the quotes of the first cryptocurrency reached $ 69,000, updating the historical maximum. According to CoinGecko, the capitalization of bitcoin has approached $ 1.3 trillion. The Ethereum exchange rate also updated the historical maximum at $4868. The capitalization of the asset has reached $ 577 billion. Recall that analysts of the Kraken cryptocurrency exchange predicted an increase in the price of bitcoin to $ 96,355. They are convinced that the behavior of digital gold corresponds to its dynamics in the fourth quarter of 2017.

At the end of October, at the request of ForkLog, experts estimated the timing and probability that the first cryptocurrency would reach the level of $ 100,000.

Bitcoin Cash Forum / On the eve of the Fed meeting, bearish sentiment intensified in the options mark

« on: December 02, 2021, 05:16:57 AM »

Options markets point to a strengthening of bearish sentiment ahead of the upcoming Fed meeting. This is reported by CoinDesk.

The premium of the value of put options over the indicator of calls with expiration in three months has currently reached its maximum in the last six weeks — at the level of 3%. At the beginning of the month, this indicator was -5%.

Contracts expiring in November and December also showed similar dynamics with the transition to a bearish plane. In the variants with execution after six months, the bullish mood is actually neutralized.

Bitcoin Cash Forum / The expert justified the probability of a decrease in bitcoin to $ 25,000

« on: December 02, 2021, 05:13:00 AM »

The fall in the price of bitcoin as a result of prolonged consolidation looks like the most likely scenario. As the springs of the markets have shrunk to a maximum, an exit in one direction or another is likely in the coming days or even hours, said Yanis Kivkulis, lead strategist at EXANTE.

Bitcoin price fluctuations over the past two months fit well into a triangle with frequent bounces from levels around $31,500 and the resumption of sales from increasingly lower values. A month ago, the rebound lost strength at $40,000, a couple of weeks ago, the price turned around at levels above $ 36,000, and at the beginning of the week, sellers took positions at $34,000.

So far, bitcoin is supported by the enthusiasts' faith in its attractiveness in the event of a halving of the price from peak levels. However, the downward trend from increasingly lower levels is a significant factor for selling.

Bitcoin Cash Forum / The expert called the upper limit of the current growth of bitcoin

« on: December 02, 2021, 05:08:11 AM »

A favorable information background contributes to the current growth of flagship cryptocurrencies, however, before the bitcoin network update, expected in November 2021, rapid growth of digital gold should not be expected. This was stated by the head of the data analysis department in the ForkLog CEX comment.Broker IO Yuri Mazur.

According to the expert, the influx of new funds to the market in August is due to the disclosure of the internal potential of assets, primarily it concerns the successful renewal of the Ethereum network. Incentives for bullish movement also include the upcoming Taproot Bitcoin soft fork and the launch of smart contracts on the Cardano network, scheduled for September.

"The evolution of cryptocurrencies is likely to have a long–term effect and make digital assets more independent of external factors," Yuri Mazur believes.

Bitcoin Cash Forum / Experts estimated the timing and probability of bitcoin reaching the $100,000

« on: December 02, 2021, 05:05:52 AM »

Bitcoin has reached a new historical high above $67,000 this week. The uptrend has been observed over the past few weeks. However, the most powerful impetus for the coin was the SEC's approval of the first American ETF based on bitcoin futures from ProShares.

At the time of writing, bitcoin is trading at $61,795, according to CoinGecko.

ForkLog asked experts to predict the further dynamics of the development of the price of the first cryptocurrency and indicate the factors on which it will depend.

US stocks recovered quickly after the September fall and are now near historical highs, Chinese technology stocks are also retreating from the local bottom.