Bitcoin Price Prediction : BTC/USD Know The Future Of Cryptocurrency
- Bitcoin has lost many values as at the time of this publication.
- BTC/USD is one the most trending topics about the crypto market.
The Bitcoin price prediction has made many people millionaires. Bitcoin is the cryptocurrency with the highest value as at the time of this publication. Other Cryptocurrencies are also declining in value following the decline in the Bitcoin Price.
Bitcoin has been described as the world’s first cryptocurrency, a form of electronic cash sent peer-to-peer without the need for a financial intermediary. It is the first decentralized digital currency: the system works without a central bank or single administrator.
It was first released on the 9th day of January, 2009. The programming language is C++. It was founded by Satoshi Nakamoto.
A University Of Texas study with regards to Bitcoin Price Prediction suggested much of Bitcoin’s rise last year was due to price manipulation via Bitfinex, South Korean exchange Coinrail was hacked for around $40million and then SEC Chairman Clayton calling for regulatory oversight of cryptocurrencies.
BTC/USD is still well within a historically strong buying zone, which tracks from $6500-6000 as at the time of this publication.
At the moment, the currency is in an important zone. A move out from this area could result in extreme moves, boosting profits on our hypothetical positions.
There has always been an explanation for every move. An article on CNBC reads:
“The digital currency fell to a low of $6,133.31 as of 1 p.m. ET, according to data from CoinDesk. Bitcoin has lost half its value this year after skyrocketing to almost $20,000 in December.
Prices began stumbling after a study was released by the University of Texas on Bitcoin Price Prediction saying at least half of bitcoin’s rise last year was due to price manipulation on popular exchange Bitfinex. The 66-page paper said another cryptocurrency called tether was used to buy bitcoin at key moments when it was declining, which helped “stabilize and manipulate” the cryptocurrency’s price.
Bitcoin has fallen more than 18 percent in the past week, struggling to regain footing after dropping below $6,700 Sunday.
News of a hack at a relatively small South Korean exchange seemed to have triggered some of the weekend losses, but some traders said selling was also exacerbated by investors hitting “stop losses,” selling their bitcoins when they reached a certain price.”
Well according to a Billionaire Investor, Bitcoin Price Will Hit $250,000 by 2022. Check Article here – Billionaire Investor Explains Why Bitcoin Price Will Hit $250,000 by 2022