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Veteran Merchandiser forecast says Ethereum might move to $10K in 2021 and exceed Bitcoin

According to skilled merchandiser Scott Melker, Ethereum is probably going to exceed Bitcoin, a minimum within the short term, aforesaid veteran merchandiser Scott Melker said in associate exclusive interview with Cointelegraph. Alt szn is upon America Melker sees this era of Bitcoin’s value consolidation as notably optimistic for the second largest cryptocurrency, that recently reached new all time highs. Melker sees Ether’s outstanding performance because the main catalyst of the recent altcoin market pitched battle. He additionally discovered he has been mostly shifting his dollar-cost averaging strategy from Bitcoin to Ether within the previous few months, so as to require…

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Year-End Gold and Bitcoin Price Predictions from Regular Everyday People

Just recently, news.Bitcoin.com talked to a number of individuals and asked them to let us know what they think the price of bitcoin and gold will be by the year’s end. Rather than leveraging the typical predictions from experts, executives, and crypto luminaries, the post delves into the perspective of average people and what they think about the future value of these assets. Back in May 2016, I used a number of social media avenues in order to survey people on what they would do if bitcoin (BTC) touched the $10,000 mark. The article was very popular and of course,…

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Long Term Update: 2020 Outlook with entropic methods

Every year i post an outlook using entropic methods explained in the technical section of this blog. Here you can find the 2015, 2016, 2017  2018 and 2019, forecast update, where you can find more information about this approach. Updated values for bitcoin (in brackets values of last year) using daily data since August 2010 (average data of 4 important exchanges when possible).  BTC/USD Growth Factor G 1.00087 (1.00088) Shannon Probability P 0.5219 (0.5222) Root mean square RMS (see this as volatility) 0.056 (0.058 ) Bitcoin’s entropic values versus the Usd stayed stable during 2019 although volatility has fallen a bit like…

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Bitcoin Price at $10.2K Deadlock as Ether Continues Surprise Bull Run

Article Originally Featured in Coin Telegraph MARKET UPDATE Bitcoin (BTC) stayed flat on Sept. 17 as another day of motionless trading continued the largest cryptocurrency’s stay at around $10,200. Market visualization. Source: Coin360 Bitcoin price slowly erodes support above $10K Data from Coin360 showed sideways price action as the order of the day for Bitcoin, which remained rangebound between $10,100 and $10,320. As Cointelegraph reported, a longer period of low volatility saw only a brief interruption on Monday, when BTC/USD suddenly shed around $200. A subsequently rebound to previous levels slowly faded, leading to press time rates of $10,175. The overall change for Bitcoin…

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Long Term Update: 2019 Outlook with entropic methods

Every year i post an outlook using entropic methods explained in the technical section of this blog. Here you can find the 2015, 2016, 2017 and 2018 forecast update, where you can find more information about this approach. Updated values for bitcoin (in brackets values of last year) using daily data since August 2010 (average data of 4 main exchanges when possible).  BTC/USD Growth Factor G 1.00088 (1.00280) Shannon Probability P 0.5222 (0.5384) Root mean square RMS (see this as volatility) 0.058 (0.059 ) Bitcoin’s entropic values versus the Usd deteriorated in 2018 although volatility has fallen a little bit,  the Growth Factor (G) decreased…

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Long Term Update

BTCUSD Monthly Chart KAMA Average 5 periods and deviation lines. Since the last update on February 13 there are not many new developments. The monthly KAMA average is flat, which allows us to calculate fairly reliable levels of support and resistance. As you can see nothing interesting happened with the BTCUSD cross that remains inside the supports and resistance levels (yellow lines). I have added a new indicator that calculates supports and resistances using as a starting point the close of the previous month (with the idea to forecast next month support/resistance levels), in this case the close of February…

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