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.

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.

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.

The decentralized Audius music streaming service has raised nearly $10 million so far.

Binance, the world’s largest exchange of cryptomites, is investing in a major decentralized audio streaming service through its investment and incubation arm.

According to an Oct. 23 announcement, Binance Labs led a $1.25 million extension round for Audius, a blockchain-enabled streaming service that connects music fans to artists.

The latest round of investment follows a $3.1 million round co-led by Multicoin Capital and Bitcoin Hero in July 2020. Major industry players such as Pantera Capital and Coinbase Ventures also participated in the round, as previously announced.

According to Audius co-founder and CEO Roneil Rumburg, the latest rounds bring the platform’s total investment to $9.8 million. Rumburg told the Cointelegraph that he would use the funds to help artists grow and expand their audience base within the system.

Launched in 2018, Audius is a decentralised music sharing and streaming protocol designed to facilitate direct transactions between listeners and artists. Some of the prominent creators enrolled in Audius include Portland’s Portuguese-American musician RAC, Canadian electronic music producer Deadmau5 and American DJ Justin David Blau, better known as 3LAU.

According to the protocol white paper, the Audius protocol is „a mix“ of intelligent contracts on the Ethereum network, while different parts of the protocol are configured to work on different blockchain-based platforms.

On October 8, the start-up launched the platform’s native Audio Coin (ADC) token. The functionality of the token includes security, access to resources and governance. The ADC can be obtained by users to impact future protocol updates.

Developments in crypto and blockchain technologies are attracting more and more artists in the music industry. At the end of September, French DJ David Guetta closed a deal with the virtual reality platform focusing on Sensorium Galaxy encryption.

There is a 75 percent chance that Bitcoin will break out of its ongoing consolidation pattern bullish.
According to the independent analyst Vince Prince, the benchmark cryptocurrency is making „marginal“ upward movements in a structure of the Ascending Channel.

That leaves her with two possible outcomes. First, Bitcoin is consolidating within the channel as it breaks below the „ascending trendline“; second, it stays above the trendline and later breaks out of the range entirely.

Prince endorsed the second result. It denotes every price turning point of the crypto currency with an alphabet. Hence, the term “A” represents the first withdrawal from resistance in the Ascending Channel. The next withdrawal from the channel support is “B” while the third and most recent upward withdrawal is from “C”.

In the middle of what is known as the ABC wave, he has placed a 100-hour moving average that supports the sustained upward movement.

The Bitcoin Bull Case Explained

Due to the overall technical structure, BTC / USD has a higher chance of breaking out of the channel area, according to Prince. If so, the pair would extend its upward move toward what is known as „C-wave elongation“ near $ 11,695.

„[There’s] a 75 percent chance that Bitcoin will manage to consolidate further forward between the channel and the trendline,“ writes Prince. „[Then] it would go on and form the C-wave extension.“

The bullish forecast comes a week after Bitcoin Code turned down the $ 11,750 resistance. Traders became increasingly bullish after Square, a global payments platform led by Twitter CEO Jack Dorsey, put $ 50 million BTC on its balance sheets.

That sparked speculation among institutions about the growing importance of Bitcoin as a store of value. Lately, many wealth management firms and independent businesses on Wall Street have sold their cash reserves to get a stake in Bitcoin . The churn stems from their fears that the US dollar could depreciate in the future.

Prince acknowledges these fundamentals in his bullish thesis. The analyst comments that BTC / USD could stay above the ascending trend line because it is from there that „smart money picks up the trading of inexperienced investors“.

„Explosion“ theory

Konstantin Anissimov, executive director of the crypto exchange CEX.IO, expects the prices of Bitcoin – as well as Ethereum – to explode in the coming meetings.

„Not only are listed companies including BTC on their balance sheets, but CFTC chairman Heath Tarbert was also“ impressed „by the progress that ETH has made in becoming the“ computer of the world „, according to Anissimov. „Such an endorsement is quite significant as it shows that the mass adoption of these digital assets is happening right now.“

Bitcoin and Ethereum will march to new highs for the year, he believes.

Coinbase has decided to sponsor at least two crypto core developers who are part of the crypto community. The search for scholarship holders began on October 15, 2020.

On October 15, 2020, the crypto trading platform Coinbase announced it would sponsor at least two Bitcoin developers who contribute directly to the Bitcoin Core codebase or to closely related Bitcoin projects.

The company’s goal is to create “an open financial system” for everyone

We believe that helping the crypto economy to connect and grow is vital to building an open financial system for the world. Our Crypto Community Fund aims to grow and improve the entire crypto industry while making it easier and safer for everyone to use. If successful, we intend to expand the program to other types of projects and crypto communities.

In the following, Coinbase turned to the community. Bitcoin core developers can now be advertised or nominated on https://thebitcoinprofit.org/. The incoming suggestions would then be judged by current Bitcoin Core developers and key community members. The final decision will be made by Coinbase itself. Coinbase commented on the appeal as follows:

We are happy to fund projects almost anywhere in the world. While we’d like to focus on one-year developer grants, we also encourage people or teams with shorter projects to apply. If successful, we hope to grow the Crypto Community Fund over time.

Coinbase’s “openness” under discussion

On September 27, 2020 expressedBrian Armstrong, Coinbase’s Chief Executive Officer, on the company’s internal values. He spoke out in favor of a kind of political ban on discussion. BTC ECHO reported at the time. Armstrong Ars said that one should be careful not to lose sight of one’s goal. After all, Coinbase is a for-profit company. He also wants his employees to distance themselves from political and social discussions and to concentrate explicitly on their own products and customers.

I want Coinbase to focus on achieving its mission because I believe that this is how we can have the greatest impact on the world.

Jack Dorsey, co-founder of the payment company Square, criticized Armstrong’s statements. His corporate policy views of not debating politics at work would fundamentally contradict the purpose of cryptocurrency like Bitcoin . Meanwhile, Dorsey welcomed off via Twitter for promoting the Bitcoin Core developers.

An increasing amount of Bitcoins is being accumulated by institutions.

This was evident once again on Tuesday, when Stone Ridge Asset Management revealed to Forbes that it had purchased 10,000 BTCs – equivalent to one percent of assets under management.

Investors believe that a further institutional adaptation of the crypto currency could lead to parabolic prices.

How much could Bitcoin rise through institutions?

Bill Barhydt, CEO of Abra and former employee of the CIA and Goldman Sachs, believes that BTC would rise sharply if only 5% of the liquid assets held by the nine largest companies in the S&P 500 were to be invested in Bitcoin:

„Nine firms in the S&P 500 alone have nearly $600 billion in cash and short-term investments. 5% of those that would go into #Bitcoin (or $30 billion) would probably be five times the price of Bitcoin, given the lack of sellers. (3/6).“

Although this calculation may not quite work out in your head, you should consider Fiat amplifiers. The amplifier is a concept where for every Fiat dollar invested in Bitcoin or crypto currencies in general, the market capitalization of the room increases by more than $1.

Estimates suggest that the fiat amplifier is approximately two to 25 times higher, depending on the phase of the market cycle the crypto currencies are in.

At times when investors expect upside potential, the fiat booster grows as investors do not want to sell their coins too early.
Increase of BTC exposure

Barhydt analyzes the institutional adaptation situation as he tries to increase his personal commitment to Bitcoin. Barhydt „is considering doubling the allocation of #Bitcoin in my personal portfolio to 25%“.

In his explanation of why he thinks this is a good idea, he refers to inflationary tendencies:

„Given the acceleration in currency inflation and the likely subsequent price inflation, this seems a better weighting than my current 12%.

He adds that his contacts say that returns in old markets like stocks are likely to be „subdued“ for the next five years. This trend could lead to capital being directed into alternative investments that may be able to provide healthy returns – such as gold and Bitcoin.

The comments are reminiscent of the statements of a number of other investors in the crypto space who have dramatically increased their Bitcoin exposure against the current macro background. Raoul Pal, CEO of Real Vision, for example, has invested more than 50% of his liquid net assets in Bitcoin.

I dati sui derivati Bitcoin mostrano che i trader professionisti hanno aumentato le loro posizioni corte nelle ultime tre settimane. Il mese di ottobre è appena iniziato e l’azione dei prezzi nei mercati dei cripto-mercati è stata entusiasmante e preoccupante. Bitcoin (BTC) ha visto un forte rifiuto di $10.9K e un rapido calo di $10.2K nell’ultima settimana.

L’azione di prezzo della sega a frusta è stata la norma nelle ultime tre settimane ed è abbastanza raccapricciante per i tori e gli orsi. Indipendentemente dal motivo alla base di queste mosse, il recente flusso di notizie di eventi criptati negativi ha chiaramente spaventato gli investitori.

Nelle ultime due settimane KuCoin è stata violata per 150 milioni di dollari, BitMEX è stata accusata di molteplici violazioni legali, John McAfee’s è stato arrestato, e il principale organo di vigilanza finanziaria del Regno Unito ha deciso di vietare gli scambi di derivati crittografici. Questo è stato sufficiente a rompere la correlazione in corso da 30 giorni con l’S&P 500 e anche a segnalare che il sentimento del mercato potrebbe essere cambiato.

Il grafico sopra riportato mostra quanto sia stata forte la correlazione tra S&P 500 e Bitcoin Revolution nel corso dell’anno. Non ci sono state quasi settimane in cui l’azione dei prezzi si sia differenziata tra i due mercati. Le poche eccezioni che esistono sono state nella prima settimana di settembre e nel corso degli ultimi sei giorni.

Per capire ulteriormente se questa divergenza è causata dal crescente interesse per la crittovaluta o dalla sua mancanza, i trader dovrebbero controllare il volume degli scambi. Il volume è diminuito negli scambi principali, il che è difficile da inquadrare come positivo. Ciò dimostra chiaramente l’interesse degli investitori, almeno ai livelli attuali.

Non si dovrebbe concludere automaticamente che i trader sono ribassisti esclusivamente a causa delle metriche di volume. Affinché questa situazione si verifichi, sia gli acquirenti che i venditori devono essere riluttanti a negoziare all’attuale fascia di prezzo.

Il tasso di finanziamento mostra che i pantaloncini si sentono sicuri

L’eccessivo effetto leva da entrambe le parti si rifletterà sul tasso di finanziamento. Ciò accade a causa del fatto che ogni contratto a termine perpetuo a termine ha un costo di utilizzo del margine incorporato.

I tassi di finanziamento vengono di solito cambiati ogni 8 ore per garantire che non vi sia uno squilibrio del rischio di cambio e anche se l’interesse aperto sia da parte degli acquirenti che dei venditori è sempre uguale, la leva finanziaria può variare. Se gli acquirenti utilizzano più leva finanziaria dei venditori, il tasso di finanziamento sarà positivo e gli acquirenti pagheranno. L’opposto avviene quando i venditori di contratti futuri sono quelli che chiedono più margine.

Dopo un breve picco all’inizio di settembre, il tasso di finanziamento è stato piatto o leggermente negativo. Un tasso negativo dello 0,05% su 8 ore equivale all’1% a settimana e, sebbene ragionevolmente alto, non è sufficiente a spingere i trader a chiudere le loro posizioni. Questo non si traduce necessariamente in investitori ribassisti, ma segnala che i venditori di contratti futures sono quelli che utilizzano più leva.

I top trader sono neutrali rispetto agli short

I dati forniti in borsa evidenziano il posizionamento netto da lungo a breve termine dei trader. Analizzando la posizione di ogni cliente sul posto, i contratti perpetui e i futures, si può ottenere una visione più chiara se i trader professionisti sono inclini al rialzo o al ribasso.

Detto questo, ci sono occasionali discrepanze nelle metodologie tra le diverse borse, per cui gli spettatori dovrebbero monitorare i cambiamenti invece di cifre assolute.

Come mostra il grafico qui sopra, i trader di OKEx sono stati net short dal 14 settembre. Questo è accaduto mentre BTC stava cercando di rompere la resistenza di 10.500 dollari. Supponendo che questi trader siano entrati in posizioni corte vicino a quel livello, la perdita massima affrontata finora è stata del 7%.

Per valutare se si è trattato di un movimento isolato o legato allo scambio, dobbiamo confrontare i dati di altri scambi. Anche se i top trader di Binance non sono entrati in una posizione corta netta, il 13 settembre erano al 10% di lunghezza netta e da allora hanno mantenuto un livello simile.

Come già detto in precedenza, le borse hanno metodologie diverse per l’indice longs-to-short, e i clienti potrebbero detenere depositi BTC più estesi (o più piccoli) per varie ragioni.

Sia i volumi poco brillanti che un tasso di raccolta leggermente negativo indicano una mancanza di interesse tra gli acquirenti ai livelli attuali. Nel frattempo, i top trader e i dati sulle posizioni nette mostrano il più basso rapporto lungo/corto in 10 settimane.

Anche se questa posizione da neutrale a ribassista è stata mantenuta da metà settembre, la recente azione sui prezzi non è stata sufficiente a produrre scommesse rialziste.

Lo scenario attuale si risolverà probabilmente con una stretta corta una volta che BTC avrà superato i $11.500, oppure potrebbe amplificare una flessione se gli orsi riusciranno a strappare il controllo del prezzo e dello slancio di Bitcoin.