Few analysts have called Bitcoin (BTC) price action over the past few months and years as well as Filb Filb.
The pseudonymous trader in 2018 called the cryptocurrency’s bottoming price around $3,000 and the subsequent surge.
In October of last year, Filb Filb depicted in a TradingView chart that he expects BTC to surge towards $10,000, then crash to $6,400 to find a macro bottom. Bitcoin did exactly that, moving almost exactly as the forecast on his chart, down to the dates. It was a bit eerie.
The trader just issued his latest analysis, showing optimism on Bitcoin’s price trend heading into 2020.
Related Reading: Key Google Metric: Bitcoin May Explode Into $100,000 Parabolic Rally
Bitcoin to Hit $12,500 By May?
In Filb’s latest edition of his Decentrader newsletter, he wrote that with the latest price action in mind — BTC bouncing off the $6,000s and rallying to the $8,000s — he is bullish heading into the block reward reduction in May of this year:
“Overall, Bitcoin is exactly where [I] anticipated; slowly grinding up towards previous resistance… I’m very much of the opinion that Bitcoin will reach to at least $12,500 level before the halving.”
Should Bitcoin hit at least $12,500 prior to the halving, it will need to rally by nearly 50% from the current price of $8,450.
As to why $12,500 makes sense, he noted that that is the “top target” for a bullish inverse head and shoulders chart that is forming on a medium-term basis for Bitcoin.
The eerily accurate analyst added that those calling for BTC to fall back to the $5,000s are fearmongering, saying he sees no case for such prices on the macro charts.
Not Only Analyst Expecting Pre-Halving Boom
It isn’t only Filb Filb who thinks that Bitcoin will experience strong price action around the block reward halving.
Per previous reports from NewsBTC, BTC-centric analyst Nunya Bizniz noted that between the four months prior to every halving and the halving itself, there was always bullish price action.
In the four months prior to the first halving in 2012, the price of BTC rallied dozens of percent higher from $10 to around $14 by the time of the event; and in the four months prior to the second halving in 2016, the price of Bitcoin went effectively parabolic, running from $432 to $700.
Of course, this is a sample size of two, but the premise of BTC rallying into each halving makes sense.
Bitcoin is about 120 days away from the halving.
What was price action like 120 days prior to the first two halvings?
Whether you believe its priced in or not, if past is prologue – volatility may be expected. pic.twitter.com/7peG6Ir0m4
— Nunya Bizniz (@Pladizow) January 10, 2020
This simple analysis suggests BTC will surge strongly into the halving, just as Filb Filb expects.
Featured Image from Shutterstock The post appeared first on NewsBTC. origin »
The crypto asset firm Amun has listed a new financial product, which is an inverse Bitcoin (BTC) exchange traded product (ETP), with the Swiss Stock Exchange (SIX). The ETP is tracking BTC prices inversely and is called the 21Shares Short Bitcoin ETP (SBTC).
An upcoming project called Wee is making final preparations for their IEO at ProBit Exchange starting on January 23, 15:00 KST. Wee’s utility token called WMA will be sold at a price of $0. 011. Standard bonuses for PROB and other quote currencies will also be applied.
There’s a new concept called Powswap that lets people speculate on hashrate in order to hedge against price volatility. Powswap was developed by the software engineer Jeremy Rubin who believes hashrate derivatives products allow people to leverage new trading strategies.
It’s 2020 already, and bitcoin’s price is still wallowing in the $7000 – $8000 range. However, one prediction from an anonymous 4chan account says that things are about to turn bright for BTC in the month of February.
Take one look at Bitcoin’s chart and you would assume that Ethereum, XRP, and all the rest have had a great 2019 too, but you would be sorely mistaken in saying that. Per previous reports from NewsBTC, since earlier this month, the price of ETH is actually down in 2019, which comes in stark contrast... The post appeared first on NewsBTC.
There are plenty of metrics and models used to anticipate the future price of Bitcoin. A popular one is stock to flow ratio but one Bloomberg host has called it nonsense adding that coin supply has little effect on BTC prices.
In June, when Bitcoin was soaring above $10,000, nearly every trader and their mother expected the cryptocurrency to continue rocketing higher. Though, one analyst incessantly called for rationality to return to the crypto markets, claiming that this surge above $10,000 was a clear overextension of BTC’s long-term growth curve.
On Monday, the blockchain surveillance company Chainalysis published an excerpt from the firm’s upcoming crime report that will publish in January. According to the Chainalysis research, the Ponzi scheme called Plustoken not only defrauded investors out of $3 billion but the scam “may also be driving down the price of bitcoin.
Binance exchange took the market by storm. So did its native digital asset called Binance coin or BNB. In this article, we will cover our own and market’s opinion on BNB future while discussing BNB price forecast for 2019 and beyond.
Zilliqa Intro A Singapore-based project called Zilliqa is strong contender for tackling the problem of scalability, and has quickly established itself as one of the hottest coins of 2018. Then they went under the radar, mostly due to their own fault and missed deadlines.
On Nov 25. , the price of Bitcoin fell off a proverbial cliff, tanking from $7,000 to $6,500 in a move that shocked traders the industry over. Since then, the cryptocurrency market has stabilized, with BTC, for instance, now finding itself nearly 15 percent higher than it was at the lows of that one fateful day.
The crypto industry is full of eccentric characters, controversy, and memes. One such meme has emerged, called the “Bart” or “Bart Simpson” chart pattern, that occasionally appears on Bitcoin price charts.
Cane Island Analyst Timothy Peterson maybe one of the only analysts to have accurately predicted the end of year bitcoin price . His analysis back in March this year, stated that the leading cryptoasset would price in at $7,800 by the end of December.
Misir Mahmudov is the author and operations associate for a crypto hedge fund called Adaptive Capital. As the US dollar loses its real-world value, Bitcoin price models may become useless. Bitcoin arose as a result of a massive financial crisis, and it has become a growing industry since then.
Bitcoin price could retrace back to the $6,000 region but is unlikely to drop to the $5,000s, according to a prominent cryptocurrency trader.
The post Analyst Who Called Bitcoin Price Plunge Cools Sub-$5000 Fears appeared first on CCN.com
In June, when Bitcoin was soaring above $10,000, nearly every trader and their mother expected the cryptocurrency to continue rocketing higher. Indeed, at the time, the asset was poised to take on its previous all-time high while emotions were riding high — a perfect combination for the price to go vertical.
Changpeng Zhao, the CEO of Binance, called out The Block on Twitter for not apologizing to the community for its “fake” headline news concerning the “non-existent” police raid, which damaged Binance’s reputation and the BTC price.
Special thanks to Justin Drake and Jinglan Wang for feedback
In 2014, I made a post and a presentation with a list of hard problems in math, computer science and economics that I thought were important for the cryptocurrency space (as I then called it) to be able to reach maturity.
Binance exchange took the market by storm. So did its native digital asset called Binance coin or BNB. In this article, we will cover our own and market’s opinion on BNB future while discussing BNB price forecast for 2019 and beyond.
This year’s Halloween has been a crazy one for Bitcoin. While the Birthday Boy celebrated the 11th year of its existence, it had a pretty wild whirlwind romance with the price as well. As Bitcoin Exchange Guide reported, infamous 4chan who called out Bitcoin’s drop to $3,200 at the bottom in January and further correctly […]
On January 21, 2019, an anonymous user made a series of future Bitcoin price predictions. The user successfully called the December 2018 bottom. Also, the succeeding two predictions, which stated that the price will be $5300 and $9200 in April and July, respectively, were validated.
Nearly a year ago some anonymous user on 4chan called the bottom and then laid out a prediction for what bitcoin’s price would be until next year. In April, this...
The post Has the Bitcoin Prophecy Been Broken? appeared first on Trustnodes.
The Bitcoin price has pumped significantly following Chinese President Xi Jingping’s call for the country to become a global blockchain leader. However, there is more behind BTC’s pump than just that.
Bitcoin (BTC) is much more than its market price, recently commented Cameron Winklevoss, one of the co-founders of the Gemini exchange. He also added that comparing BTC to gold is just a temporary milestone.
The Bitcoin price often creates patterns that are very similar to price movements in the past. These recurring patterns are called fractals. The current inverted price movement since reaching a high on June 26, 2019, looks very similar to that of December 2018 — when the price reached the bottom of $3280.
The Bitcoin (BTC) bear trend that brought the cryptocurrency from $14,000 to $7,700 is over… according to a price model anyway. In early-August, a cryptocurrency investment boutique unveiled a price prediction model that used Facebook’s Prophet machine learning software in Python.
The House budget committee today told NASA Chief Jim Bridenstine it would not fund the administration’s efforts to change the Moon landing timeline from 2028 to 2024. The reason? NASA won’t put a final price tag on the program.
Bitcoin is about to become a hot asset as the US central bank goes ahead with its pseudo-quantitative easing program, believes a few bigwigs. Travis Kling, the chief investment officer at California-based Ikigai Asset Management, called bitcoin “an insurance policy” against Jerome Powell’s decision to resume Treasury purchases.
Zilliqa Intro A Singapore-based project called Zilliqa is strong contender for tackling the problem of scalability, and has quickly established itself as one of the hottest coins of 2018. Then they went under the radar, mostly due to their own fault and missed deadlines.
Bitcoin tumbling to $8000 may test market faith, but social media users are closely eyeing a mysterious prophet who called for a huge bull market this month. Time Ticking For $16K BTC According to an anonymous account on 4Chan, October 2019 should be the time when BTC/USD hits $16,000.
Last year, Xiaomi launched a sub-brand called Poco and announced a sub-$300 phone called the Pocophone F1. The phone packed the latest Qualcomm processor and sizable RAM in a plastic body. While it was great value for money, the company had cut corners in design and camera department to make it affordable.
Welp, that didn’t take long. Within days of Apple launching its Arcade game subscription services, Google’s responded with a rough Android equivalent called Play Pass. Still, while the two seem similar on the surface, they’re actually quite different — and that’s to Google’s benefit.
The US Department of Justice has charged three JP Morgan commodity traders with market manipulation. Rackets such as this from the world’s largest banks give more strength to bitcoin every day they get exposed.
The Chinese government has reportedly shut down a popular and well-funded crypto company called GXChain, which at its peak had a market cap of over $600 million USD. News of this crackdown swiftly led GXChain’s price to plummet, and once more official news surrounding this crackdown is released it is highly probable that the crypto’s.
Bitcoin price has been pretty much trading sideways since it pushed past the psychological $10,000 barrier in June. Noted crypto bull and analyst Josh Rager called for a critical resistance level for BTC that month.
Regular readers of TNW will know we have a regular column called CHEAP. There we share interesting deals on tech products across the Internet. Most of the stuff unearthed has some actual practical value: like phones and tablets.
This year, Bitcoin (BTC) has done astonishingly well. Year to date, the cryptocurrency’s price has gained some 200%, surging off an influx of positive news and the start of a new hype cycle.
Apple Pay‘s vice president, Jennifer Bailey, has revealed her company thinks cryptocurrency is “interesting. ” Wow, so brave. According to CNN, Bailey even double-downed on that fearless description, confirming that Apple thinks it has “interesting long-term potential,” whatever the fuck that means.
XRP fans have started a satirical petition calling for Ripple to increase its ‘dumping’ of XRP. Mocking the language of Ripple CEO, Brad Garlinghouse, they urge Ripple to ‘Unleash the Utility!’.
I love me a handsome backpack, but I appreciate a versatile one even more. That’s why I was keen to try the Daily – from a Kickstarter darling called Minaal that was founded by a couple of gents from New Zealand – even though it’s been around for a couple of years now.
According to an article published by Bloomberg on August 23, the reason why XRP price has been falling during 2019 could be due to a continuous sale of XRP by Ripple. In response, people have started an online petition on change.
A recent study by a crypto research firm is generating a lot of attention in regard to the future of Bitcoin. The firm, called Digital Asset Research, conducted a study and released a price outlook for Bitcoin.
By CCN Markets: Move over, Craig Wright! The "real" Satoshi Nakamoto vows to reveal himself as the true inventor of bitcoin over the next few days. What's more, the "real" Nakamoto claims he's currently in possession of 980,000 BTC.
Peter Brandt, a professional crypto trader, has called on XRP’s doomsday. According to Brandt in a tweet on August 14, 2019, if XRP fails to trade above $0. 24, then nothing is stopping it from sinking to $0.
A key Bitcoin price technical indicator has turned green again following almost a month of declines. The rally which started a week ago has gained momentum despite a minor pullback below $12,000 yesterday.
UK based newspaper, The Sun, published a piece called “DRY SUPPLY: Bitcoin supply is running out as 85% of ALL coins are now ‘mined’ – and experts say price could soar,” reports News BTC. Turns out that the writer, Henry Pettit made strong claims without backing them up; not to mention the fact that most […]
Analyzing Bitcoin is a tricky game; there are many variables to take into account when trading cryptocurrencies, and the inherent volatility of this market makes forecasts hard. Though, there are a few analysts that have seemingly made good progress in the art of Bitcoin analysis.
Over the past few days, Bitcoin has found itself stalling in the low-$9,000s, seemingly trying to establish a level of support at around $9,200-$9,300. Right now, it seems to be working, with BTC rallying after the price heads into that range.
After falling as low as $8,200 late last week, Bitcoin (BTC) has recently started to mount an extremely strong recovery, bouncing after the 11% correction seen after a 43% rally. Just minutes ago as of the time of writing this article, the leading cryptocurrency hit $8,950, falling just shy of the key $9,000 level as... The post appeared first on NewsBTC.
Last week, Bitcoin (BTC) suddenly shot higher, surging from $7,300 to $10,500 in under 24 hours’ time in a monumental move. One minute, the cryptocurrency was down in the doldrums; the next, it was trading sky-high in a move that the optimists said would lead to a rally to $20,000 and beyond.
Bitcoin should experience a “terminal shakeout” similar to 2015 before a new bull market explodes higher, a veteran analyst has concluded. Shakeout Should Precede Parabolic Advance In a series of tweets on October 9, Cole Garner said that the protracted price slump Bitcoin saw in 2015 had not yet occurred in the current cycle.
Coinspeaker Bitcoin Price Loses $500 in Minutes to Plunge Under $10KMany commentators predicted a downside Bitcoin move and they seem to have been correct all along as BTC price lost 5% in an hour.
