Txtfeedback – Schöne Blumen im Sommer

Mike McGlone, senior handelsstrateg i Bloomberg, har avslørt at han mener bitcoin som eveger seg tilbake til sin heltidshøyde nær $ 20.000, er bare starten på en pris som vil se at kryptovalutas markedsverdi blir $ 1 billion.

I følge en tweet McGlone publisert på et tidspunkt der Bitcoin Trader har vært jevn over 16 000 dollar, er 20 000 dollar en første hindring når den beveger seg mot 1 billion dollar i markedsverdi, med kryptovalutaen som nå er i «et tidlig prisfunnstadium. ”

Det medfølgende diagrammet beskrev en markedsverdi på 1 billion dollar som den „neste store motstanden“ for BTC

McGlone bemerket at „vanlig adopsjon øker“, sannsynligvis med henvisning til forskjellige spill på BTC plassert av børsnoterte selskaper som MicroStrategy, som kjøpte $ 425 millioner dollar av kryptovalutaen, og Square, som kjøpte $ 50 millioner.

McGlone kan også ha påpekt at vanlig adopsjon øker på grunn av PayPal og den nye tjenesten som lar brukere kjøpe, selge og holde kryptoassets direkte på plattformen . PayPals nye tjeneste er foreløpig tilgjengelig for brukere i USA, men forventes å lanseres i „utvalgte internasjonale markeder“ i 1. halvår 2021.

Seniorblomberganalytikeren, det er verdt å merke seg, er kjent for å lage bullish prisforutsigelse for BTC

Som rapportert, tidligere denne måneden spådde McGlone at BTC ville bryte sin forrige rekordhøye nær $ 20.000 i ledelse til et parabolsk rally neste år.

Det er verdt å merke seg at andre analytikere også har bullish på bitcoin, i en tid med usikkerhet i markedene som har sett at noen analytikere hevder at verdien av den amerikanske dollaren kan falle med 20% neste år . Mens nyheter fra Pfizer og Moderna om vaksiner mot COVID-19-pandemien førte til aksjemarkedsoppgang og så gullprisfallet, har BTC fortsatt å gå opp.

XRP broke through a two month resistance zone.

The price evolves within an ascending parallel channel.

The XRP / BTC price has created a double dip pattern

As of the start of September, XRP has been trading in a range of $ 0.23 to $ 0.26, with the exception of a slight deviation below the support area on September 19.

On November 13, the price finally closed a daily candle above that range at $ 0.265. It continued to rise until the morning of November 14, hitting $ 0.28, but has since fallen back to $ 0.272.

If Crypto Genius continues its rally, the next resistance can be found at $ 0.295.

The technical indicators for the day of November 14 are bullish, but do not yet confirm an uptrend.

Both the RSI and the MACD are on the rise. Their slope is moderate and the Stochastic Oscillator has not yet generated a bullish cross.

Another daily rally above this resistance would likely mean that XRP will continue to move higher, possibly up to $ 0.29.

The shorter-term, 4-hour chart shows price moving in an ascending parallel channel since September 24th

Movements contained in a parallel channel are often corrective . This could mean that the current rise is a correction rather than the start of an uptrend.

A move above the channel will negate this scenario, and may push price higher towards the $ 0.29 resistance area.

Trader @ gordongekko369 pointed to a chart of the XRP / BTC pair, which shows price is trending down. He predicts, however, that this trend will reverse shortly, and that XRP / BTC will start to rise.

The XRP / BTC chart shows a rapid decline that began at the start of October, and during which the price has lost almost 30% of its value.

The decline was temporarily halted, and the XRP / BTC pair formed a double dip near the 1,565 satoshis. This is normally seen as a bullish reversal pattern. This figure is also combined with a bullish divergence in the RSI. It is therefore all the more plausible that the price reverses its movement.

The introduction of a new „censored“ Bitcoin mining pool has caused concern among some Bitcoiners. They believe that it could be a harbinger of future developments.

Will Bitcoin soon be threatened with censorship by regulatory authorities? And why should it be bad at all to exclude so-called “bad actors” from the network?

In this article we will take a closer look at the latest developments in the Bitcoin mining scene and look for answers to the above questions.

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First BTC mining pool tests censorship on Bitcoin

The blockchain analysis platform BlockSeer has introduced the private beta version of a new Bitcoin mining pool (Blockseer Mining Pool), which censors transactions from blacklisted BTC wallets .

The pool will use BlockSeer’s and Walletscore’s labeling data along with other verified sources, such as the United States Office of Foreign Assets Control (OFAC) blacklist for crypto, to identify BTC transactions that it does not want to process. The pool also requires all miners to go through Know-Your-Customer (KYC) protocols. DMG’s COO Sheldon Bennett stated:

The pool is focused on not getting transactions from known nefarious wallets that use this medium in a way that continues to tarnish the reputation of cryptocurrencies, particularly Bitcoin, in the mainstream and impede widespread adoption.

Why such developments are a ’slippery development‘

Former Monero lead developer Riccardo Spagni (@fluffypony) noted on Twitter that this could be the start of a slippery development. He speculated that bitcoin mining pools‘ transaction censorship could spread due to pressure from regulators. He indicated that this was a cause for concern. Regulators who look at this and think it is a good idea to take action ‚for extreme cases like the OFAC crypto list‘ could make censorship on Bitcoin enforceable.

Instead , Spagni suggested that more privacy on Bitcoin would prevent this, adding:

Things like p2pool & Stratum v2 make it practically unenforceable and I’d rather rely on it than on a hope & prayer.

P2pool is a decentralized bitcoin mining pool that was founded in 2011. Braiins‘ Stratum V2 draft is a complete overhaul that BetterHash implements. BetterHash is a secondary protocol that allows the constituents of the mining pool to decide on the composition of the block they will mine, rather than allowing pools to control which transactions are included in each block. This should make pool censorship impossible. According to Braiins co-founder Jan Capek, the draft has yet to be formally examined. However, he will receive grants from Square Crypto for further development.

Wallet Scrutiny website founder Leo Wandersleb commented that this „slippery development“ of censorship will lead to a soft fork where pools that follow this approach will refuse to „build on blocks that don’t use their filters“ .

Fidelity Investerings kryptoaktivafdeling, Fidelity Digital Assets, samarbejder med Singapore-baserede Stack Funds for at bringe kryptoopbevaringstjenester til investorer med høj nettoværdi i Asien midt i stigende interesse for Bitcoin (BTC) og andre kryptovalutaer i regionen.

Partnerskabet vil tilbyde Fidelity-kunder yderligere eksponering for, hvad nogle stadig ser som en spirende økonomisk sektor

Stack-medstifter Michael Collett fortæller Bloomberg, at firmaets forbindelse til Fidelity vil appellere til asiatiske investorer, der ønsker at få adgang til Fidelity Digital Assets ’sikre depottjenester.

Stack-partnerskabet er ikke Fidelitys første skridt mod at gøre kryptoinvestering tilgængelig for dets kundekreds.

Virksomheden oprettede sin afdeling for digitale aktiver i 2018 og netop i august indgav Fidelity SEC til at tilbyde en Bitcoin-indeksfond (Wise Origin Bitcoin Index Fund, I, LP).

Stack lancerede også en institutionel klasse bitcoin-indeksfond i januar

Meddelelse fra Fidelity and Stacks rammer markedet, da Bitcoin Revolution prisen fortsat ser store prishandlinger i kølvandet på øget institutionel interesse fra lignende MicroStrategy og PayPal’s nylige crypto-adoption.

Stack-medstifteren fremhæver kundernes fornyede interesse for Bitcoin måneder efter flagskibets kryptokurs pris dyppede under $ 4.000 i marts.

„Dette år har været hårdt for så vidt som at få folk ind i Bitcoin, fordi det ikke dækkede sig med ære i markedets tilbagegang … Siden de mørke-mørke dage i marts har vi fået forespørgsler op igen.“

Chamath Palihapitiya has become one of the most prominent investors in recent years through the use of Special Purpose Acquisition Companies (SPACs).

Among other things, he made headlines when he brought Richard Branson’s Virgin Galactic to the public through a SPAC. Palihapitiya is not only a pioneer in the field of venture investments, but also a big fan of Bitcoin.

Together with a few partners, he is said to have owned 5% of all BTCs in circulation in 2012, which means they probably owned about 300,000 coins. No comments have been made about what happened to these BTCs, and it is unclear whether the Bitcoin Investor review are part of his personal property or that of his huge venture fund Social Capital. In a new interview with CNBC, the BTC billionaire now talks about the asset and explains why, in his view, it makes sense to invest.

Why Bitcoin is a type of insurance policy

In summary, Chamath Palihapitiya explains in the CNBC interview that he considers Bitcoin a kind of insurance policy against irresponsible central banks and governments. This opinion reflects the opinion of many Bitcoin maximalists and crypto fans:

I think of [Bitcoin] as the insurance policy that allows me to sleep peacefully at night in case the world’s central banks and governments step on a landmine.

On CNBC’s „Squawk Box“, the investor, who was one of Mark Zuckerberg’s earliest employees, notes that Bitcoin is not meant to be traded in his opinion. Instead, he says that BTC is an asset backed by a set of beliefs and foundations that are literally „the reverse of how the world’s financial infrastructure works. Fittingly, Palihapitiya has stated many times in recent months that Bitcoin makes sense now more than ever.

In an earlier interview with the well-known Anthony Pompliano, who also used to work at Facebook and is now a dedicated Bitcoin investor, Palihapitiya said that the asset could reach millions of dollars in value due to macro trends. He shares the view that the economy has reached a point where extreme deflation or inflation could occur, which would increase BTC’s value proposition.

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Not interested in DeFi

While Palihapitiya holds large pieces on Bitcoin, the billionaire does not pursue the DeFi range apparently particularly intensively.

To the question of the Blockchain journalist Laura Shin, whether he „observes, what goes on in DeFi“, the investor answered plumply:

I do not even know what that is.

In recent months, MicroStrategy has thrilled the Bitcoin Up world by putting more than $425 million worth of bitcoin on its balance sheet. On this website, you can follow which listed companies have bitcoin (BTC) on their balance sheet.

After MicroStrategy’s move, everyone began to speculate which company would take the next step. The name of Square of CEO Jack Dorsey was often mentioned. This eventually turned out to be true, because this week the company stepped into bitcoin with $50 million.

Bitcoin on the balance sheet of 13 companies.

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Listed companies and bitcoin: a trend is born
Although, in retrospect, it makes sense for companies to use bitcoin as a reserve currency, MicroStrategy’s move came as a surprise to many bitcoiners. A bitcoin standard would mainly be inspired by mass adoption by consumers, institutional investors and even central banks.

The fact that companies would interfere in the violence in this way was, for one reason or another, never much mentioned. Now the time has come and companies seem to be following each other in quick succession. A little less than two months after MicroStrategy, Square came second with an investment of $50 million.

Meanwhile, BitcoinTreasuries has compiled a list of 13 companies that have bitcoin on its balance sheet. These are only listed companies.

Why has only listed companies been chosen?
The choice for listed companies was made for the simple reason that these companies can easily be verified. After all, these companies are obliged to disclose their financial documents.

Quite soon after MicroStrategy’s move, the Canadian restaurant chain Tahinis announced that they had also switched to a bitcoin standard. But the company’s books are not public and that makes it difficult to check everything. So there are probably a lot more companies outside the list that use bitcoin as a spare asset.

We cannot wait to see how the coming months will develop. In any case, the news is not going to be much more bullish than this.

Translated with www.DeepL.com/Translator (free version)

Bitcoin (BTC) continues to trade sideways and cannot overcome the resistance at $ 11,000 for the time being. Meanwhile, Cardano (ADA) can increase in value significantly and climb back under the top 10 altcoins.

After retesting the lower edge of the sideways channel at $ 10,200, Bitcoin can rise again towards $ 11,000 at the weekend, but fails as in the previous weekcontinue to have a sustained outbreak

The situation on the overall market can initially be described as directionless. Although some top 10 altcoins such as Cardano (ADA), Chainlink (LINK) and Bitcoin SV (BSV) can recover significantly this week, the majority of the top 100 altcoins show price drops on a weekly basis. The loser among the top 10 altcoins this week is the Binance Coin (BNB), which is down by almost two percent compared to the week. Altcoins in particular, which have been bullish in recent weeks, are currently suffering from increased profit-taking. The price movements in Bitcoin will now have a significant impact on the price direction on the overall market in the coming days.

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After a significant correction of around 50 percent since the all-time high was reached at the end of July 2020, Cardano can recover significantly this week. Starting from the weekly low at $ 0.075, the ADA price rose a good 20 percentage points back in the direction of the 65th Fibonacci retracement in the last few days of trading. This enabled Cardano to regain the resistance area from horizontal resistance and EMA200 (blue) at $ 0.089 and the supertrend at $ 0.097. Today, Monday, the price continues to rise directly above the EMA100 (yellow) at 0.102 US dollars and is currently trading at 0.106 US dollars.

If the bulls can break this chart mark on the daily closing price, a rise to the cross resistance at $ 0.115 is likely. If this resistance level is also broken up dynamically, a march through to the 78 Fibonacci retracement at 0.125 US dollars is to be planned. If there is a bullish breakout in the direction of $ 12,000 in Bitcoin, ADA should also continue to rise and target $ 0.135. In the future, a retest of the all-time high of 0.154 US dollars would also be conceivable in the event of positive development in the overall market. For now, the maximum price target can be seen in this area.

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This week’s bullish reversal has sidelined the bears for now. However, if the ADA rate does not make it back over the broken green upward trend line and rebounds significantly downwards at the latest in the area of ​​0.115 US dollars, another correction towards 0.090 US dollars is conceivable. If this support does not stop at the EMA200 area and the price continues to fall in the direction of the weekly low at $ 0.075, an extension of the correction in the room.

If the bear camp can push Cardano’s price below the 38 Fibonacci retracement at $ 0.070, consolidation to near $ 0.053 is likely. If the overall market continues to develop bearishly and ADA also gives up support at US $ 0.50, a price slide down to US $ 0.037 is also conceivable in the medium term. The red downtrend line and an important horizontal support from 2019 run in this zone. However, as long as Cardano can assert itself above the EMA200, the bullish scenario is preferable.

La più grande criptovaluta del mondo ha subito un forte calo nelle ultime 48 ore dopo un forte rally che in precedenza lo aveva portato oltre i $ 12K.

BTC sta attualmente passando di mano a $ 10.409 dopo la sua drastica correzione di $ 2.000 che lo ha visto toccare momentaneamente minimi di $ 9.990 venerdì mattina

Per comprendere questo ultimo movimento di prezzo, devi notare che Bitcoin Revolution è in un intenso selloff poiché i minatori scaricano enormi quantità di monete nel mercato.

Questa svendita sta causando un calo che ricorda a molti il ​​Black Thursday Crash di metà marzo. Il trader di criptovalute Byzantine General ha condiviso il grafico qui sotto, evidenziando che BTC è enormemente ipervenduto.

I trader stanno ora osservando da vicino la zona da $ 10,5K che ha agito da forte supporto macro negli ultimi mesi. Una chiusura settimanale di successo al di sopra di questo livello potrebbe consentire ai tori di reclamare il supporto cruciale di $ 11.000.

Motivi chiave per cui il prezzo di BTC potrebbe presto impennarsi

Nonostante il calo rappresentato nel grafico BTCUSD di seguito, alcuni analisti e trader rimangono ottimisti sul fatto che l’asset si riprenderà.

Ad esempio, il veterano di Wall Street Raoul Pal ha spiegato tramite un tweet che BTC tende a correggere dopo che i premi dimezzano gli eventi; il fatto spesso fuorvia i commercianti a breve termine.

„Nei cicli rialzisti post-dimezzamento, bitcoin può spesso correggere il 25% (anche il 40% + nel 2017), gettando via i trader a breve termine“, ha spiegato Pal. Ha anche notato che il movimento dei prezzi di BTC è un’ottima opportunità per acquistare il calo.

Anche Rick Rule, CEO di Sprott US Holdings, è ottimista su BTC. Ha indicato i bassi tassi di interesse nel mercato globale, spiegando che l’oro è pronto a muoversi verso l’alto a causa dell’aumento dell’inflazione.

Il CEO ha concluso che qualsiasi aumento del valore del metallo prezioso dovrebbe tradursi nel prezzo di BTC poiché l’oro è storicamente correlato alla moneta del re.

Come abbiamo riportato , molti investitori ora vedono BTC come oro digitale e si aspettano che la moneta maturi e competa con l’oro come riserva di valore consolidata.

Il prezzo ETH rompe il livello di supporto di $ 400

Anche il secondo asset digitale più grande ha subito perdite significative oggi, poiché è precipitato al di sotto del supporto vicino a $ 400. Il prezzo dell’ETH è persino stato scambiato al di sotto di $ 385 mentre gli orsi si sono presi il controllo del mercato. Al momento della stesura di questo articolo, il popolare altcoin è sceso del 4,65% al ​​suo prezzo attuale di $ 383,7.

La coppia ETHUSD potrebbe vedere un leggero rialzo nel breve termine, ma è probabile che i venditori rimangano attivi nella zona dei $ 400.