{"id":380026,"date":"2019-04-28T18:00:08","date_gmt":"2019-04-28T18:00:08","guid":{"rendered":"https:\/\/uniquehot.com\/?p=380026"},"modified":"2024-06-11T21:14:33","modified_gmt":"2024-06-11T21:14:33","slug":"bitcoin-btc-bulls-firm-even-if-bitfinex-may-refute-ny-ag-fraud-claims","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bitcoin-btc-bulls-firm-even-if-bitfinex-may-refute-ny-ag-fraud-claims\/","title":{"rendered":"Bitcoin (BTC) Bulls Firm Even if BitFinex May Refute NY AG Fraud Claims"},"content":{"rendered":"
Despite Apr-25 blip, BitFinex commitment is unwavering. Concurrently, Bitcoin bulls are resilient, and even with a threatening drop, buyers are back as prices snap back to primary trend. The way BTC shook off bears is suggestive of strong underlying support, and in that case, BTC may easily extend to $6,000.<\/em><\/p>\n The jumble around Tether, BitFinex and the NY Office of AG, in my take, is but another opportunity for savvy traders to capitalize and load. We have seen this happen on numerous occasions. Remember, last year when news broke out that BitFinex clients couldn\u2019t withdraw fiat, the price of Bitcoin and other high liquid coins rose in response.<\/p>\n https:\/\/twitter.com\/ProofofResearch\/status\/15188225<\/p>\n Even so, then- because of other fundamental factors, the world\u2019s most valuable currency was under pressure. It was only days before prices sank below $6,000. However, the crypto climate is different now. Triggered by fundamental factors, analysts are upbeat and project Bitcoin to blast above $10,000 towards $50,000 and even $1 million in the next two decades.<\/p>\n For this mega valuation, there must be triggers like China allowing the free market to influence their controlled Yuan and once again opening doors for exchanges as well as the SEC approving any of the many Bitcoin ETF application.<\/p>\n Before then, next year\u2019s halving–which is some few weeks before the US General election, is bullish thanks to expected scarcity. If supply and demand dynamics kick in, then Bitcoin would fly.<\/p>\n <\/p>\n Price wise and the world\u2019s most valuable coin is stable, trading around Apr-25 highs. Because of this, it is clear that buyers are in control, reversing losses of Apr-25, invalidating the double bear bar reversal pattern of Apr-24-25 and affirming bulls of early Apr-6.<\/p>\nBitcoin Price Analysis<\/h2>\n
Fundamentals<\/h3>\n
Candlestick Arrangement<\/h3>\n