Bitcoin Price Still On Course For $100K In 2021, Confirms Analyst PlanB

The creator of one of the most historically accurate Bitcoin price prediction models is confident it will hit $100,000 by 2022. PlanB: ‘I Don’t Expect’ Less Than $100,000 In an interview with Global Macro Investor founder Raoul Pal last week, PlanB, the father of the Stock-to-Flow Bitcoin price tool, said he “did not expect” BTC/USD to fall short of six figures. The momentum to get there will come from the Bitcoin block reward halving, scheduled for next May. “…Somewhere between and year and a year-and-a-half after the halving, so say…

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Bitcoin Flashes Bullish Signals as Bulls Hold it Above Key Technical Levels

After hovering around the $8,000 region for an extended period of time, Bitcoin has been able to garner some hints of bullishness as its buyers have pushed its price up over 3%. This latest surge further confirms the upper-$7,000 region as a strong level of support for BTC. Analysts are noting that today’s surge pushed BTC past multiple key technical levels that had previously been suppressing its price, which may mean that it is positioned for significantly further gains in the near-term. Bitcoin Surges Over 3% as Bulls Respond to…

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Minister Says India, Like Other Nations, Extremely Cautious on Libra

Finance Minister Nirmala Sitharaman has said that India — like many others, in his view — is showing a high degree of caution in regard to Facebook’s Libra. During last week’s 2019 Annual Meetings of the International Monetary Fund and the World Bank in Washington, D.C. — which included a discussion of the Libra project —  Sitharaman told reporters from the New Indian Express that: “On our side, the Reserve Bank Governor spoke about it during our turn to intervene. I got the sense that many countries were cautioning on…

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Signet Could Give Bitcoin a More Stable, Predictable Testnet Option

What’s better than the current Bitcoin testnet? A testnet that is highly predictable. This is the goal of the Bitcoin signet, a new sort of testnet proposed by Karl-Johan Alm, for which the one-word description would be “stable.” What Is a Testnet? Bitcoin developers need a place to test things out. That’s why we have two “versions” of Bitcoin: the mainnet (where everything is real and the coins have value) and the testnet (which mimics the mainnet but the coins have no actual value).  The fact that the coins on…

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Trends in GBTC Premium Offer Limited Predictive Value

After reaching new depths below the 8k level near the end of September, market valuations in BTC/USD have been largely trendless.  Over the last month, bitcoin has been caught in a narrowing price range that has made it difficult for quantitative traders to plot the next trend direction for the crypto pair.  Can price correlations between BTC and the GBTC offer some predictive value? One analyst says this is unlikely. On September 24th, major selling pressure in BTC/USD sent valuations to new lows at $7,988.  For bitcoin bulls, this move…

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Bitcoin Reclaims Support Level as Analysts Eye Further Gains

After struggling to break above $8,000 for the past several days, Bitcoin was once again able to find some support within the upper-$7,000 region that held strong and allowed BTC to move back up above $8,000. Analysts are now noting that the cryptocurrency may climb higher in the near-term but are also noting that a resistance level that is just a short way above BTC’s current price may halt this fleeting rally and send the crypto plunging back below $8,000. Bitcoin Climbs Above $8,000, But Bears May Soon Return  At…

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NY District Court Postpones Telegram’s TON Hearing to 2020

The United States District Court for the Southern District of New York has postponed the hearing regarding the Securities and Exchange Commission’s (SEC) injunction filing against Telegram Open Network (TON) and its Gram token to Feb. 18–19, 2020. As Cointelegraph reported recently, following Telegram’s counterclaim on Oct. 16, where the firm argued that its native crypto is not a security and the preliminary injunction should be denied, the SEC has responded with a new filing in the New York Court on Oct. 17. Court hearing postponed to 2020 According to…

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Bitcoin as a Savings Technology: Are Interest Accounts Worth the Trade-Offs?

A new meme has begun circulating among Bitcoiners. Much like the “be your own bank” and “digital gold” memes before it, it’s straight and to the point. Bitcoin is savings technology.  Don’t believe me? Check out this website and see how your bitcoin stash would be holding up depending on if you bought X amount on Y day (this does assume a dollar-cost averaged or, as the hip kids says these days, “stacked sats”). Another way to look at it: Bitcoin has been profitable to hold (up to the time…

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