Bitcoin Rally To $8,000 Smells Like Late-2017: JP Morgan Analysis

MinerGate is a multicurrency mining pool with the easiest mining software, reliable 24/7 support service and helpful community at your disposal. Start mining now from your PC

Save for Friday’s sudden selloff, Bitcoin (BTC) has been on an absolute tear over the past few weeks. Since early-April, the asset has moved from $4,200 to a recent peak of $8,350 — effectively a gain of 100% — and is seemingly preparing itself for another leg higher.

While many believe that this move comes off the back of booming on-chain statistics and strong fundamental developments, one Wall Street firm argues that this isn’t the case.

Related Reading: Binance and Coinbase Traffic…

Source link

Related Posts

  • 76 BTC, ETH/ Technical analysis price forecast 29 jan Hello! I make Bitcoin, XRP (Ripple) & other crypto technical analysis price predictions based on charts.
    Tags: analysis, btc, bitcoin
  • 51
    OK, so what's Bitcoin? It's not an actual coin, it's "cryptocurrency," a digital form of payment that is produced ("mined") by lots of people worldwide. It allows peer-to-peer transactions instantly, worldwide, for free or at very low cost. Bitcoin was invented after decades of research into cryptography by software developer,…
    Tags: bitcoin
  • 44
    What is Bitcoin?Bitcoin is a decentralized, peer to peer, digital currency system, designed to give online users the ability to process transactions via digital unit of exchange known as Bitcoins. In other words, it is a virtual currency.The Bitcoin system was created in the year 2009 by an undisclosed programmer(s).…
    Tags: bitcoin, $, coinbase
  • 38
    Bitcoin is a virtual currency. It does not exist in the kind of physical form that the currency & coin we're used to exist in. It does not even exist in a form as physical as Monopoly money. It's electrons - not molecules. But consider how much cash you personally…
    Tags: bitcoin, $, btc
  • 34
    As I go on the air tonight the price of Bitcoin is $1625 at Gemini. Back in January of 2016 when I was at my computer in Melbourne Australia this would have seemed like an impossible dream. It is real! Is (FOMO) Fear Of Missing Out in the air? Traders…
    Tags: bitcoin, btc, $
READ MORE  South Korean Court Rules Banks Action to End Banking Services to Crypto Exchange Illegal

Leave a Reply

Your email address will not be published. Required fields are marked *