Many compare bitcoin to the early days of the internet since they are both examples of emerging technologies. And similarly, within the first decade, it was clear the internet could be used for commerce, interpersonal communications, marketing, and education. Bitcoin’s intrinsic value is below the market price according to JP Morgan’s strategists and the gap between the intrinsic value suggests that Bitcoin is on the risk of more breakdown.
Three major factors, Fudstrat co-founder and Bitcoin bull Thomas Lee took to Twitter with the findings from the firm’s 2020 “Crypto Outlook.” Bitcoin prices have reclaimed the psychological $8,000 barrier again recently and continue to crank higher as weekend trading commences. Momentum is clearly building in the Bitcoin markets. Options markets are indicating that there are available call options for a $12,000 strike price one month after the halving. Support held at $7,700 and the asset is on track to re-tap resistance at $8,400 if the bulls can keep up the buying pressure.
#Bitcoin #Cryptocurrency #Blockchain #BTC #ETH #Enjin #Tomochain #Crypto.com #Electroneum #Cardano
New Weekly CryptoTag #Giveaway
– Simply Subscribe to Altcoin Buzz and drop a comment on the Video
– Winners for this weekly giveaway will be announced on every Saturday
Altcoin Buzz Free Newsletter: http://eepurl.com/dnIEz1
Sign up for Crypto.com and We Both Get $50 USD https://platinum.crypto.com/r/ab
Sign up for eToro https://tinyurl.com/yxwa8vbt
Visit our website: https://altcoinbuzz.io
Connect with us on Social Media:
NOTE The information discussed on the Altcoin Buzz YouTube or other social media channels is not financial advice. This information is for educational, informational and entertainment purposes only. Any information and advice or investment strategies are thoughts and opinions only, relevant to accepted levels of risk tolerance of the narrator and their risk tolerance maybe different than yours. We are not responsible for your losses. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence and consult the financial advisor before acting on any information provided. Copyright Altcoin Buzz Pte Ltd. All rights reserved.