Well, Bitcoin is projected to go to 70T this year at the minimum ...
Still a high risk speculative asset. All it takes is one major exchange getting "hacked" or some regulatory firestorm and it will crash down again. Furthermore, the btc market remains vulnerable to manipulation. Some whales short the market, take a massive coordinated dump to tank the price, cover their short positions, and make some more profit with their puts. Big money play, rinse and repeat...
Compared to other assets, bitcoin is just too new and highly manipulated for anybody to make any kind of educated thesis on what drives its price action therefore it's safe to assume that those arbitrary predictions about its price are mostly BS. There's still a fair chance that bitcoin's pattern of breaking ATHs after crashing from its past peak could be invalidated in the near future especially if you consider that bitcoin today is vastly different from what it was some years ago in terms of utilization.
Ethereum just hit an ATH after being stagnant for most of March. The fact that this happened while BTC is still stuck under 60k means ETH is finally showing some initiative to drive its own trends.
This also means ETH mining will be the bees knees well into the end of this quarter. ;)
$60.5k resistance broken, welcome to another ATH!
We are at 1 btc = $63k as of this writing, which means the 1btc to Php3M barrier has been breached.
#AllTimeHigh
Last edited by Verbl Kint; April 13th, 2021 at 10:08 PM. Reason: uls