WALTER PERALTA
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It is "reasonable" for bitcoin to reach 220,000 dollars in 2025, according to a forecast based on gold
Key points:
The new price targets for Bitcoin leverage the interaction with gold to reach 200,000 or more this year.
The price cycles of Bitcoin remain the focus as part of the "power curve" model of BTC price.
The market capitalization of gold could drive the BTC/USD pair to nearly 1 million dollars by the end of the decade.
#BITCOIN
Key points:
The new price targets for Bitcoin leverage the interaction with gold to reach 200,000 or more this year.
The price cycles of Bitcoin remain the focus as part of the "power curve" model of BTC price.
The market capitalization of gold could drive the BTC/USD pair to nearly 1 million dollars by the end of the decade.
#BITCOIN
Will Bitcoin gain 10% next week?
Bitcoin has shown a steady trend of consolidation and expansion since it formed a bottom around USD 74,500 in early April. Over the past four weeks, a pattern has emerged where each time Bitcoin reaches a key level, it moves sideways before breaking to a higher range. This pattern has repeated twice, with a third consolidation currently underway.
Each phase has followed a similar setup, forming higher highs and higher lows. The lower range is usually tested at least once before Bitcoin reaches new highs. The relative strength index (RSI) has complemented this price action, reaching overbought levels during new highs and falling to around 50 during the sideways movement.
Currently, Bitcoin is consolidating between a upper range of USD 105,700 and a lower range of USD 100,678. If the pattern holds, Bitcoin could retest the USD 100,000-USD 102,000 level before potentially breaking above USD 110,000. However, a bearish invalidation could occur if prices fall below USD 102,000 and do not quickly recover.
#BITCOIN
#ALCISTA
Bitcoin has shown a steady trend of consolidation and expansion since it formed a bottom around USD 74,500 in early April. Over the past four weeks, a pattern has emerged where each time Bitcoin reaches a key level, it moves sideways before breaking to a higher range. This pattern has repeated twice, with a third consolidation currently underway.
Each phase has followed a similar setup, forming higher highs and higher lows. The lower range is usually tested at least once before Bitcoin reaches new highs. The relative strength index (RSI) has complemented this price action, reaching overbought levels during new highs and falling to around 50 during the sideways movement.
Currently, Bitcoin is consolidating between a upper range of USD 105,700 and a lower range of USD 100,678. If the pattern holds, Bitcoin could retest the USD 100,000-USD 102,000 level before potentially breaking above USD 110,000. However, a bearish invalidation could occur if prices fall below USD 102,000 and do not quickly recover.
#BITCOIN
#ALCISTA
What is ROI in Bitcoin and why should you understand it before investing?
ROI allows traders to know if a Bitcoin trade was truly profitable or not.
ROI measures the percentage return on an investment, which can be used in Bitcoin.
Donaldson Brown was a pioneer in implementing ROI in 1914.
ROI does not take into account how long it took to achieve the result.
In Bitcoin, ROI considers purchase price, selling price, and fees.
Although it is simple to use and useful, ROI may not reflect the risk taken.
#BITCOIN
#roi
ROI allows traders to know if a Bitcoin trade was truly profitable or not.
ROI measures the percentage return on an investment, which can be used in Bitcoin.
Donaldson Brown was a pioneer in implementing ROI in 1914.
ROI does not take into account how long it took to achieve the result.
In Bitcoin, ROI considers purchase price, selling price, and fees.
Although it is simple to use and useful, ROI may not reflect the risk taken.
#BITCOIN
#roi
Mexico leads daily cryptocurrency use in Latin America, according to report
The use of cryptocurrencies in Latin America continues to rise, driven by inflation, remittances, and financial inclusion. According to MEXC, Mexico would be leading the region and is positioned as one of the countries with the highest adoption in the world.
#BITCOIN
The use of cryptocurrencies in Latin America continues to rise, driven by inflation, remittances, and financial inclusion. According to MEXC, Mexico would be leading the region and is positioned as one of the countries with the highest adoption in the world.
#BITCOIN
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