According to one trader who is featured in this post on our DC Forecasts Bitcoin news site, we may living in time when it is ideal to buy and stock up with as many Bitcoins as possible – mostly because we won’t ever see the price of BTC trading around $3,000 again.
Even though Bitcoin is down by 80% from its all time high, a large number of investors are still very cautious and store Bitcoin in low price ranges. What’s interesting is the fact that the Bitcoin shorts achieved a 3-week high earlier this week. This demonstrated a lack of confidence of investors in the market in the near-term performance of Bitcoin.
However, the trader that is known as “Galaxy” thinks that Bitcoin at $3,000 is a rare opportunity that does not come again in the future. According to him, since its inception, Bitcoin has established a trend of reaching a new all-time high. By enduring a steep decline in price, accumulating funds and recovering to a new high, it continued the circle.
Based on this circle, “Galaxy” believes that investors will never see Bitcoin at $3,000 once again after April – and that the dominant cryptocurrency is on a good path to recovering in 1 to 2 months.
As he said:
Although prices may appear to be random (to some), they actually create repeating patterns and trends.
Observing this pattern makes April the last month of cheap BTC. And now, of course it will be cheap multiple times in the future, but never $3,000 cheap.
Galaxy is not the first trader that is supporting BTC and its price movement. There are several of them who always foresee Bitcoin replicating its price movement in November, when it experienced the three months of stability and fell by around 50% in the following month (of December).
“Unless we break new local highs ($4,300), trend is still bearish. Expecting at least a dump back down to the green support level, maybe lower,” another trader said.
So, if BTC fails to break into the $4,000 region and surpass the $4,200 and $4,300 resistance levels, analysts believe that it may retest the lows at $3,300 with $3,122 as a mere possibility.
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“Blockchain can change the world if we let it. […] Our nation pioneered the Internet. We use smartphones all day every day to move money, to buy goods and services, to share our innermost thoughts, and participate in public life. So it’s pure cognitive dissonance to believe that we cannot extend this further into our democracy and our economy.”Another presidential candidate Andrew Yang is also accepting crypto donations but he is slowly losing his support after tweeting that ‘’cash is king.’’ Both of the candidates are a long-shot in the race against Trump but they are hoping to get the vote of the crypto community. Swalwell offers broad ‘’support’’ for the blockchain technology and Yang has an entire policy platform based on the idea of crypto. As mentioned in the coming altcoin news, Swalwell will not accept corporate ‘’PAC money’’ in his campaign. Politicians were quick to demand a well-regulated and established crypto economy while there was almost no improvement in the regulatory sector in the country. The nature of the federal government towards cryptocurrencies has made other countries become the perfect crypto hub for crypto companies. Experts around the world think that a summary ban on crypto could increase the prices for cryptocurrencies and the demand would also increase. However, the more things are urging to change, the more nobody does anything about the crypto climate.
AT&T Telecom Giant Starts Accepting Bitcoin Payments For Your Phone Bills
‘’We’re always looking for ways to improve and expand our services [and] we have customers who use cryptocurrency, and we are happy we can offer them a way to pay their bills with the method they prefer.’’Currently, crypto payments are only limited to bill payment and AY&T didn’t explain whether the customers will be able to use their crypto to purchase smartphones and other accessories online or at the stores. All of the customers who are interested in making a crypto payment should simply select the BitPay option as a preferred payment option when they login to their accounts or simply go through the myAT&T app. As reported in the latest cryptocurrency news previously, AT&T is not the first US-based titan corporation that started accepting crypto payments. Some of the companies that allowed this option include Overstock, Subway, Shopify, Expedia and Microsoft which only makes up the small percentage of multinational corporations which accept crypto payments. Recently, Whole Foods and other major food retailers started accepting bitcoin through a third-party payment partnership. AT&T telecom giant and its dominance on the market and brand recognition in the telecom sector will surely make a positive influence on the market for the entire crypto sector, not just bitcoin. As we can expect, not everyone is thrilled about the new decision of the company. For example, Morgan Creek Digital co-founder Anthony Pompliano tweeted the news earlier and expressing his support and a number of skeptics bombarded his tweet disagreeing with him and the aT&T announcement. However, this decision is expected to increase the level of mass adoption for Bitcoin but we could also expect to see some movements in the price for the cryptocurrency giant as well.
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