Skip to main content

Bitcoin bites its teeth at 60,000 dollars - when will the bullrun come?

 


The Bitcoin price has been moving up and down for a few days and cannot break the resistance below $ 60,000. Meanwhile, investors are hoping for an early bull run that should save the high price targets for December. When can the BTC price break the resistance?

Bitcoin price bounces off at $ 60,000

The Bitcoin price has experienced a sideways movement in the last few days with numerous intermittent ups and downs. Since the big correction from the all-time high of over 68,000 to 56,000 dollars, Bitcoin has not been able to make any lasting big jumps. The negative climax was the price drop on "Black Friday" to below $ 54,000.

The price plummeting to nearly $ 53,000 is very likely the bottom for the next several weeks. Some analysts have also predicted this correction. The long-lasting correction ensures, however, that the expectations for the end of November regarding the Bitcoin price did not come true.

Historically correct floor model is wrong this time 

One of the most sought-after analysts in recent months was Twitter user Plan B. In the past few weeks and months, he had almost always been right with his floor model. This very model predicted $ 98,000 by the end of November. This target price has now been clearly missed.

His even more famous stock-to-flow model suggests a Bitcoin price of $ 100,000. This is the average target price during the next Bitcoin cycle. This is still in play, which Plan B clearly emphasized again last time. However, there are now some questions about his prognosis unanswered.

Will the breakthrough for the Bitcoin course come?

However, the Bitcoin price could approach the stated price targets again in the next few weeks. The parabolic slope of the course, as we saw it in 2013 and 2017, is still pending. The big run may be postponed until next year.

In any case, the Bitcoin accumulation in the whales suggests that big money is betting on a Bitcoin bull run in the next few weeks. Should the Bitcoin price break the stubborn resistance and break out of the correction, large price jumps could soon be expected in a short time.

My Top Picks
Honeygain - Passive earner that pays in BTC or PayPal
MandalaExchange -The Best no KYC crypto Exchange! 
BetFury - Play And Earn BFG for daily Bitcoin and ETH dividends!
Pipeflare - Faucet that pays in ZCash and Matic, Games pay in DAI
Womplay - Mobile dApp gaming platform that rewards in EOS and Bitcoin
Cointiply - The #1 Crypto Earning Site
Torum - Join the latest Social Network and earn TRM for Free! 
LiteCoinPay - The #1 FaucetPay earner for Litecoin 
Upland - Collect Digital Properties & Test Your Skills
LBRY/Odysee - YouTube Alternative that lets you earn Money by viewing videos!
FaucetPay - The #1 Microwallet Platform
FREEBTC - The #1 FaucetPay earner for Satoshi's
FaucetCrypto - An earning/faucet site that pays out instantly
FireFaucet - An earning site that pays better for some than Cointiply
DogeFaucet - Dogecoin Faucet
xFaucet - BTC, ETH, LTC, Doge, Dash, Tron, DGB, BCH, BNB, ZEC, FEY - Claim every 5 minutes
Konstantinova - BTC, ETH, LTC, Doge, Dash, Tron, DGB, BCH, BNB, ZEC, USDT, FEY, 25 Claims Daily

Comments

Post a Comment

Popular posts from this blog

The 5 largest platforms for non-fungible token (NFT) collectibles

  Since the beginning of 2021, non-fungible tokens (NFT) have had no holding back and the sector is setting new records almost every day.  More and more artists, stars and brands are realizing the potential - NFT are well on their way to catapulting the crypto space into the mainstream.  But which collectibles are currently the most popular? What are NFT? NFT are unique tokens that cannot be exchanged one-for-one for an equivalent token.  Any asset that is tokenizable can be an NFT.  This includes, for example, (digital) works of art, trading cards, game items and crypto domains.  Theoretically, however, real estate or securities can also be mapped as NFT. NFTs can be used to transparently map ownership structures on a public blockchain.  This allows them to store value just like real objects, even if additional copies are easy to make.  For example, the original picture of the Mona Lisa is significantly more valuable than a photo, as everyone kno...
11 comments
Read more

CARDALONIA: THE CARDANO METAVERSE OPENS THE GATES!

  Have you ever been to Cardalonia? With these words, the Cardano Metaverse called Cardalonia starts the gates. In this 3D world, developers and users can interact with each other. First of all, users have to create an individual character with which they can move online. After that you can enter one of the worlds built by developers with this character. You can also purchase your own land in the Cardano Metaverse via the marketplaces in Cardalonia . This is secured by Cardano's blockchain technology and therefore offers a relatively secure transfer of ownership. Since these are only digital plots of land, it is not yet entirely clear when the plots of land are purchased whether they can also be sold again in the future. A possible profit cannot be estimated at the moment. In Cardalonia, the cryptocurrency Lonia is used. The maximum amount of tokens in circulation is 100,000,000. The team consists of Alice Sand (Co-Founder), Vasil Air (CTO) and Dustan Water (Fullstack Developer). T...
Post a Comment
Read more

Cardano: This is the vision that founder Charles Hoskinson has

  The Altcoin Cardano has tended to decline in recent weeks.  The Alonzo upgrade was supposed to bring improvements, but it soon turned out to be a disappointment.  Cardano founder Charles Hoskinson presented his vision for the cyber motto in a live Twitter video. • Cardano in the last few months under pressure • Charles Hoskinson explains his Cardano vision via Twitter • Security and privacy at the center The cryptocurrency  Cardano  has had a difficult few months.  While founder Charles Hoskinson's cyber motto has had a strong run in 2021, it has been steadily downhill in recent months.  Cardano is faced with some difficulties.  The so-called Alonzo upgrade went live in mid-September, for which crypto fans had high hopes, but which soon turned out to be a disappointment.  The upgrade should make it possible to use smart contracts on the cryptocurrency as well.  It soon turned out, however, that although these were entered into Cardano,...
Post a Comment
Read more