Home CryptoBitcoin Crypto: Bitcoin, Next…

#crypto #bitcoin #chainlink #solana #rally

$BTCUSD

“Despite the volatility and recent slumping price, many experts still say Bitcoin is on its way to passing the $100,000 mark, though with varying opinions on exactly when that will happen. And a recent study by Deutsche Bank found that about a quarter of Bitcoin investors believe Bitcoin prices will be over $110,000 in 5 yrs”–Paul Ebeling

Bitcoin is up 3.20% over the last 24 hrs at time of writing, changing hands for $20,965.22.

The analyst next looks at decentralized oracle network Chainlink (LINK), noting LINK’s current sideways price action is likely a sign of investors loading up their bags in anticipation of a future rally.

“I think this looks like it’s accumulating to me personally. I think this continues to chop around for the next several weeks before a move up.

The strength of the next move up will depend on how long it accumulates – the longer the chop, the stronger the move.”

Chainlink is also in the Green, up 1.55% on the day and trading for $6.25.

Moving on to layer-1 blockchain protocol Solana (SOL), Altcoin Sherpa says that after several weeks of negative price action SOL must establish a bottom and make a move toward the upside.

“Bounce or die spot; my stops are at break-even.

Already took off 1/3rd.”

At time of writing, Solana is up by over 6% over the last day and changing hands for $35.95.

The chart guru concludes his analysis by looking at leading smart contract platform Ethereum (ETH) on the ETH/BTC trading pair. While he’s still bearish on ETH, he says the 200-Day EMA) of 0.07008 BTC (or $1,416) looks to be the resistance ceiling.

“Higher time-frame charts still don’t look great; lower time frames show the 200-day EMA acting as resistance once again.

Trend is still bearish until shown otherwise [in my opinion].”

Kuddos to sovereign individuals with satoshis and Bitcoin in cold storage with our firm. Click here

Have a prosperous day, Keep the Faith!

You may also like

logo-white

Your Trusted Source for Capital Markets & Related News

© 2023 LiveTradingNews.com – For The Traders, By The Traders – All Right Reserved.

The information contained on this website shall not be construed as (i) an offer to purchase or sell, or the solicitation of an offer to purchase or sell, any securities or services, (ii) investment, legal, business or tax advice or an offer to provide such advice, or (iii) a basis for making any investment decision. An offering may only be made upon a qualified investor’s receipt not via this website of formal materials from the Knightsbridge an offering memorandum and subscription documentation (“offering materials”). In the case of any inconsistency between the information on this website and any such offering materials, the offering materials shall control. Securities shall not be offered or sold in any jurisdiction in which such offer or sale would be unlawful unless the requirements of the applicable laws of such jurisdiction have been satisfied. Any decision to invest in securities must be based solely upon the information set forth in the applicable offering materials, which should be read carefully by qualified investors prior to investing. An investment with Knightsbridge is not suitable or desirable for all investors; investors may lose all or a portion of the capital invested. Investors may be required to bear the financial risks of an investment for an indefinite period of time. Qualified investors are urged to consult with their own legal, financial and tax advisors before making any investment. Knightsbridge is a private investment firm that offers investment services to Qualified Investors, Members and Institutions ONLY. Qualified Investors are defined as individuals who have met those Qualifications in the relevant jurisdictions. Members are defined as individuals who have been accepted into the Knightsbridge membership program. Institutions are defined as entities such as banks, pension funds, and hedge funds. If you are not a Qualified Investor, Member or Institution, you are not eligible to invest with Knightsbridge. All investments involve risk, and there is no guarantee of profit. You may lose some or all of your investment. Past performance is not indicative of future results. Knightsbridge is not a registered investment advisor, and this disclaimer should not be construed as investment advice. Please consult with a qualified financial advisor before making any investment decisions. By accessing this website, you agree to the terms of this disclaimer. Thank you for your interest in Knightsbridge.