Bitcoin-Zahlungen

Bitcoin price on the way to $ 30,000 or in the middle of a bull trap?

By admin on Oktober 25, 2020 0 Comments

Bitcoin (BTC) will always stick to the Proof of Work algorithm. In the picture a Bitcoin on a circuit board.

Welcome to our CryptoMonday weekly review of week 43! As usual, there was a lot to report this week and so it is not surprising that we can again come up with a whole range of interesting news for you.

Our topics this week range from contradicting views of some top analysts regarding the Bitcoin price and its performance in the next days and weeks, to the potential of the XRP and Ethereum price and the latest PayPal news, to the top picks of altcoins that an analyst shared with his followers.

And of course that was far from all! But that’s enough of the preface. Have fun with our CryptoMonday weekly review!

Let us know afterwards what the most exciting or important events were for you this week and discuss them with our community on Telegram .

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Bitcoin price explodes while analyst warns of bulltrap, Ethereum price soon $ 440 and Ripple price on the downward path?

Well-known crypto analyst and trader Michaël van de Poppe recently warned crypto enthusiasts that the Bitcoin price and the broader crypto market are not yet ready for the big breakthrough.

The analyst believes the recent surge in Bitcoin price to $ 12,000 is most likely a bull trap. He is similarly critical of the XRP course, while he sees the Ethereum course as having the potential to climb even higher areas.

How exactly his assessment of Bitcoin , Ripple (XRP) and Ethereum looks like, you can read in this article .

Bitcoin attack on USD and EUR: Google lists BTC in first place

Bitcoin (BTC) is the strongest and most secure network in the world. Because of its encryption and decentralization, Bitcoin cannot be hacked. The picture shows a safe lock with a Bitcoin in the middle.

Bitcoin is gaining more and more maturity. While the cryptocurrency was referred to as a pure object of speculation a few years ago, BTC has now developed into a respected asset. Whether institutions, hedge funds or companies: They all take Bitcoin in their own portfolio to protect themselves from the sometimes escalating monetary policy.

Properties such as the limited supply, resistance to censorship, high divisibility and simple portability arouse desires – once you understand the concept behind Bitcoin – and so it is probably more than understandable that BTC is now also considered digital gold in institutional circles.

Now even Google Finance lists BTC as a currency – to everyone’s surprise – as the top currency. You can find out more about this here .

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