Bitcoin will continue to fluctuate, but that’s not bad

Horizen CEO: „Bitcoin will continue to fluctuate, but that’s not bad“

The volatility of Bitcoin continues to play a major role in the share price development, according to two experts.

In the 12 years since its creation, Bitcoin (BTC) has been best known for the volatility of its price cycles. Although some argue that Bitcoin is nonetheless suitable as a store of value because Immediate Bitcoin fluctuations remain constant, there are also critics of this thesis, such as Horizen CEO Rob Viglione.

„The only constant about Bitcoin and the crypto markets is that they are fraught with a high degree of uncertainty,“ Viglione told Cointelegraph. He continues: „We are witnessing in real time the birth of a new industry, a new monetary system and a new peer-to-peer economy. The creation of a new world is not going smoothly.

Bitcoin is decentralised, knows no national borders and is not subject to any government. Users can send the crypto currency quickly and anonymously. It is also publicly available and has a limited amount in circulation. The programming code foresees that the rate of increase of the amount of Bitcoin in circulation is literally „halved“ every four years until the maximum amount is reached. This is to ensure a targeted shortage.

On the basis of these halving, the crypto-analyst PlanB has designed the so-called Stock-To-Flow forecast model (S2F), which compares the existing circulation quantity (stock) with the increase rate of the circulation quantity (flow) and derives the future price development from this. With this model it is possible to bring at least some sense and constancy into the fluctuations of the share price, but here too the human element is left out. Therefore, there will always be a residual uncertainty, as Viglione believes.

„Yes, the development of the available circulation of Bitcoin is fixed from the beginning, everyone can calculate with a high degree of certainty how large the supply is today and how large it will be tomorrow, but the demand side is nevertheless subject to wild fluctuations,“ the expert says. In this respect, he adds: „Naturally, the uncertainty will diminish as mainstream acceptance increases, but it is also somehow exciting to be part of the birth of the crypto industry“.

MyEtherWallet CEO and founder Kosala Hemachandra also sees little consistency in Bitcoin’s share price development. „Especially in the trading world, we humans tend to see patterns where there are none,“ the expert says. This phenomenon, called apophenia, would suggest that the price movements of the market-leading crypto currencies should be seen as rather arbitrary. However, Hemachandra admits that price movements are subject to fundamental mechanisms:

„It is, of course, perfectly logical that the price should rise when the available supply is reduced. This is simply because demand is still the same“.

And other factors can also have an impact on Bitcoin, such as technological developments or popularity

In the course of the recent surge, the popularity of the crypto currency has also gone up, which could be a positive side effect that will help the price development in the long term, even if the volatility will soon cause a return.

Ethereum (ETH) is on a roll and surpasses its annual high

ETH is approaching a major resistance area at $ 545.

Long-term technical indicators have started to show weaknesses.

ETH / BTC rebounded to 0.0260₿

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The course of Ethereum (ETH) has surpassed the $ 490 resistance area and reached a new annual record. That said, ETH is approaching an area of ​​crucial long-term resistance, and one that will likely stand in the way.

Ethereum’s price has shown a considerable rally from its steep fall in March, and one which briefly pulled it below $ 100. ETH suffered another fall on September 4, but has since regained all of its losses.

Price is now approaching a considerable resistance zone at $ 545. This area is both horizontal resistance and the 0.618 fibonacci retracement level of the most recent decline.

Additionally, if the move since November 2018 is a correction in ABC (in white below), it could peak at around $ 535. This is the 1.61 fibonacci level of wave A.

Technical indicators have already started to show weaknesses. There is an unconfirmed bearish divergence developing in the weekly RSI while that of the MACD is already confirmed.

Additionally, the Stochastic Oscillator could generate a bullish cross shortly, confirming the trend reversal

Cryptocurrency trader @ cryptodude999 , shared an ETH chart, claiming that it is forging short positions within the current resistance zone of $ 500. Although this area is slightly lower than the one we highlighted as resistance, it is close enough to it to coincide with, making a possible top.

In the weekly chart, we can see that the price is about to break through the resistance at $ 490 in a bullish candlestick by going below the belt. It is possible that this is the move that will push ETH up towards $ 545.

The ETH / BTC price has declined considerably since the beginning of September. However, it has reached the 0.0260₿ support zone and may have started a significant rebound. The price has also created a double dip pattern, which shows considerable bullish divergences in the RSI like the MACD. The Stochastic Oscillator has formed a bullish cross.

If price continues to rise, the next resistance zone would be at 0.0295₿.

To conclude, Ethereum’s price should probably continue its rally towards at least $ 545. He could then possibly start a long term downward movement. It is also possible that ETH / BTC has hit a bottom, which could allow a faster rally for ETH, compared to BTC.

Bitcoin reteste $ 16.000 novamente: Topo duplo ou novo máximo em breve? (Observação do mercado)

O Bitcoin arrecadou US $ 16.000 pela primeira vez desde janeiro de 2018, enquanto o Ethereum viu seu preço mais alto em mais de dois meses, US $ 475. Esta é uma formação de topo duplo ou estamos prestes a novos máximos?

Depois de quebrar a alta anual anterior e atingir brevemente US $ 16.000, o BTC retrocedeu um pouco e as negociações estão abaixo desse nível.

Simultaneamente, o Bitcoin Era atingiu uma nova alta desde o início de setembro, enquanto o impressionante desempenho semanal da Chainlink levou o ativo ao 5º lugar em termos de capitalização de mercado.

Bitcoin vê alta alta no ano, mas retrata

O BTC teve um desempenho bastante decisivo ultimamente. O ativo saltou para uma nova alta no acumulado do ano na sexta-feira de apenas US $ 16.000. Embora tenha retrocedido desde então e até mesmo despencado para US $ 14.300 em um ponto, a criptomoeda manteve um preço acima de US $ 15.000.

O desempenho impressionante continuou ontem. O Bitcoin iniciou uma ascensão a partir de $ 15.500, que resultou na obtenção de $ 16.000. Isso significou um novo ponto de preço mais alto desde janeiro de 2018, e que o BTC veio apenas 25% de seu ATH em dezembro de 2017.

No entanto, o aumento pareceu durar pouco, pois o ativo caiu rapidamente e testou $ 15.500 mais uma vez. No entanto, os touros interceptaram a queda e levaram o BTC perto da marca de $ 16.000 mais uma vez. A rejeição subsequente reduziu o valor do BTC ao seu nível atual – norte de $ 15.800.

Os aspectos técnicos sugerem que, se o Bitcoin vencer a primeira resistência de $ 16.000, poderá enfrentar as próximas de $ 16.170 e $ 16.250. Alternativamente, o BTC pode contar com $ 15.600, $ 15.200 e $ 15.000 se outro retrocesso chegar.

ETH para uma altura de dois meses, arame de volta no topo 5

A maioria das moedas alternativas seguiram a ascensão do Bitcoin. O Ethereum ganhou cerca de US $ 15 em poucos minutos, de US $ 460 a US $ 475, o que resultou no maior nível de preço da ETH desde 2 de setembro. Na época, a segunda maior criptomoeda atingiu US $ 485. O Ethereum diminuiu ligeiramente e gira em torno de US $ 465.

O Ripple também subiu, mas foi rejeitado na marca de $ 0,26. Em uma escala de 24 horas, o XRP aumentou cerca de 1%. Binance Coin (-0,5%), Cardano (-0,2%) e Litecoin (-0,5%) caíram ligeiramente em valor.

Embora o Chainlink (-1,6%) tenha perdido a maior parte do valor desde ontem, o LINK esteve em alta na semana passada. O ativo aumentou em mais de 20%, o que ajudou a recuperar o top 5.

L’histoire rencontre le temps ! Bitcoin (BTC) atteint 16 000 dollars, trois facteurs suggèrent qu’un rallye plus large pourrait être envisagé

C’est la première fois depuis le début de l’année 2018 que la CTB atteint 16 000 dollars.

La première et la plus importante cryptocouronne par capitalisation boursière, le bitcoin (BTC) a repris une tendance à la hausse après avoir plongé à un creux de 14 310 dollars en début de semaine. Le Bitcoin a finalement atteint 16 000 dollars après plusieurs tentatives d’écraser la résistance des clés plus tôt. La tendance semble favoriser les taureaux après que la CTB ait réussi à faire basculer des niveaux clés tels que 15 000 dollars en soutien.

Bien que la visite de Bitcoin à 16 000 $ ait été de courte durée en raison d’un rejet, l’actif phare reste dans une tendance à la hausse comme on peut le voir sur les graphiques hebdomadaires et mensuels où il augmente sans recul majeur. Les analystes sont convaincus que cette dernière étape conduira Bitcoin vers 17 000 $, voire 18 000 $. L’histoire se heurtant au timing, trois facteurs semblent être en faveur d’un rallye plus large alors que Bitcoin vise son plus haut niveau de décembre 2017, à près de 20 000 $.

Bitcoin se négocie actuellement à 15 743 dollars après avoir atteint un nouveau record annuel de 16 000 dollars. C’est la première fois depuis le début de l’année 2018 que la CTB atteint 16 000 dollars.

Trois facteurs suggèrent qu’un rallye plus large pourrait être envisagé

L’histoire coïncide avec le cycle de l’après-réduction de moitié

Historiquement, il a été noté que la CTB a connu un rallye prolongé lorsque sa bougie mensuelle se ferme au-dessus des bougies précédentes.

Sur le modèle de la CTB, la bougie mensuelle de Bitcoin en septembre a dépassé les 13 000 dollars pour la première fois depuis 2017. La CTB a commencé à montrer des signes d’une tendance à la hausse en septembre.

Toujours en ce qui concerne le récit plus large du rallye de la CTB, le moment choisi pour un nouveau rallye Bitcoin semble approprié puisque Bitcoin se trouve actuellement dans un cycle d’après-réduction de moitié. La CTB a généralement rallié 14 à 16 mois après les halvings précédents. Par conséquent, un nouveau record pour le prochain grand rallye à la mi-2021 serait historiquement pertinent.

Principes fondamentaux

Bitcoin pourrait être orienté vers un rallye plus large, à mesure que les tendances fondamentales s’alignent en faveur de la croissance. Le taux de haschisch a augmenté d’environ 60 à 70 % ces derniers jours.

Un autre exemple de croissance de l’actif phare est le type de nouveaux investisseurs qui se déplacent pour s’exposer. L’investisseur milliardaire Stanley Druckenmiller est le dernier grand investisseur macro à avoir misé sur Bitcoin. Il suit la trace d’autres investisseurs de premier plan comme Paul Tudor Jones et de nombreuses sociétés cotées en bourse comme Square et MicroStrategy.

Par conséquent, il a également été noté que la perception des investisseurs de Bitcoin s’améliore sensiblement à mesure qu’un nombre croissant de grandes entreprises et de milliardaires ajoutent BTC à leurs portefeuilles.

Les mesures de la chaîne

Deux éléments de données sur la chaîne travaillent grandement en faveur de Bitcoin. La société d’analyse sur la chaîne, Glassnode, a noté que le MVRV, détenteur à court terme de la BTC, a maintenu son „ratio positif“ depuis 6 mois maintenant et continue de se maintenir au-dessus de ce qu’ils appellent la „ligne neutre“. Il s’agit là d’un emblème historique de son entrée dans un marché haussier à part entière.

Deuxièmement, le pouvoir d’achat de Bitcoin (BTC) s’approche de son plus haut niveau depuis le marché haussier de 2017, offrant un autre indicateur d’un rallye plus large du BTC.

L’indice mondial du pouvoir d’achat de Bitcoin, ou PPI, qui estime le nombre de hamburgers Big Mac de McDonald’s que vous pouvez acheter avec 1 BTC, a augmenté de 0,2 % à 6 341,26 mercredi.

Bitcoin Fund de 3iQ busca vender hasta 1 millón de unidades en la bolsa canadiense

El gestor de inversiones 3iQ Corp., con sede en Toronto, busca recaudar fondos adicionales mediante la realización de una oferta de tesorería para su Bitcoin Formula que cotiza en bolsa (QBTC.U), que cotiza en la Bolsa de Valores de Toronto.

Un comunicado publicado hoy que detalla el desglose de la inversión dice que el fondo administrado por 3iq está vendiendo hasta 1.050.000 unidades de Clase A para recaudar aproximadamente C $ 25.200.000, o aproximadamente $ 19,3 millones.

Las Unidades Clase A se ofrecerán a un precio de C $ 24,00 por unidad, un precio favorable al cierre de ayer en la TSX en C $ 30,38

El fondo de bitcoin cerrado de 3iQ inicialmente ofrecía unidades de Clase A y Clase F a $ 10 cada una. Para inducir a más y más compradores, no había límite en las compras mínimas.

„El precio de oferta de la Unidad de Clase A se determinó de manera que no se diluyera con respecto al valor liquidativo calculado más recientemente por Unidad de Clase A el 5 de noviembre de 2020, más la tarifa del Agente por unidad y los gastos de la oferta“, dijo la compañía. explica.

A pesar de cotizar en la bolsa canadiense y ser operado por el administrador de fondos de inversión canadiense 3iq Corp, el valor de la inversión está denominado en dólares estadounidenses.

3iQ ya administra dos fondos de inversión privados, 3iQ Bitcoin Trust y 3iQ Global Cryptoasset Fund, que comenzó como una colocación privada disponible solo para inversores acreditados e institucionales en Canadá. A principios de este año, 3iQ anunció la fusión de 3iQ Bitcoin Trust en The Bitcoin Fund, y está distribuyendo unidades de clase B del fondo calificadas según el prospecto.

Los productos negociados en bolsa brindan a los accionistas una exposición directa al valor de bitcoin. El fondo de inversión no reembolsable también tiene como objetivo lograr la revalorización del capital mediante una estrategia de tenencia a largo plazo.

Tras una apelación, 3iQ obtuvo previamente la aprobación de la Comisión de Valores de Ontario para ofrecer su fondo Bitcoin a inversores canadienses

En septiembre, también hizo flotar su Fondo Bitcoin en la Bolsa de Valores de Gibraltar, una medida destinada a ampliar su base de inversores fuera de su alcance original de cotización en Canadá.

Para brindar apoyo al fondo, 3iQ dijo que abordó las cuestiones de precios, custodia, auditoría e intereses públicos en un fondo de inversión regulado. Actúa como el administrador de inversiones y cartera del fondo, mientras que Gemini Trust , con sede en Nueva York , cumplirá las funciones de custodio de los bitcoins que se encuentran en el fondo.

Trump or Biden as the future leader of the free world? The choice of bitcoiners

Today, it’s election day – The US presidential election comes to an end today. Who from the Trump bloc or the Biden bloc will win? Even if Bitcoin (BTC) has no side, crypto-enthusiasts and Bitcoiners have divergent opinions on who will be „the best“ to foster the future of the king of crypto.

Re-election of Trump: an economic recovery favourable to Bitcoin?
As part of the elections for President of the United States, Bitcoin Magazine published the results of a poll on the position of Bitcoiners in favour of one or other of the candidates.

Of the 125 people who responded to the survey, 46.4% indicated that they hoped Donald Trump would be re-elected.

In their comments related to the survey, Trump’s supporters cited the fact that he would be best able to stimulate the economy :

„I think asset prices will continue to rise because the economy will improve;
„Trump is more likely to stimulate the economy as a whole and this will be good for asset prices and therefore for Bitcoin;
„If his administration continues to hand out cheques, more price spikes will drive up Bitcoin and the stock market.
Biden’s election: health crisis management for a gradual recovery?
Joe Biden’s camp, on the other hand, only receives 34.4% of the Bitcoiners‘ favours – 19.2% prefer neither.

Clearly, Biden is seen by his supporters as the most appropriate person to deal with the Coronavirus health crisis:

„Biden will do a good job in solving the current Covid-19 crisis. Eventually the economy will improve, but it will take more time. The volatility of bitcoin prices will be less and the increase will be gradual. »

More broadly, regardless of who wins the US presidential election, respondents all seem convinced that in the long run the value of Bitcoin will eventually increase.

Trump or Biden, it doesn’t matter! Bitcoin does indeed seem destined to grow gradually, all around the world. The only thing either one will be able to do is to encourage, or more likely slow down (through regulation), the spread and adoption of the king of cryptos.