{"id":380620,"date":"2019-05-02T17:00:03","date_gmt":"2019-05-02T17:00:03","guid":{"rendered":"https:\/\/ktsl888.com\/?p=380620"},"modified":"2024-06-11T16:57:48","modified_gmt":"2024-06-11T16:57:48","slug":"bitcoins-future-is-shining-but-btc-bulls-under-liquidation-pressure","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/bitcoins-future-is-shining-but-btc-bulls-under-liquidation-pressure\/","title":{"rendered":"Bitcoin\u2019s Future is Shining but BTC Bulls under Liquidation Pressure"},"content":{"rendered":"
For mainstream adoption of digital assets, there must be utility. Bitcoin as a peer-to-peer cash system is useful with a secure network that is censorship resistance and immune to politics. With increasing use fueled with next year\u2019s halving, Bitcoin (BTC) is likely to expand.<\/em><\/p>\n Bitcoin adoption is all about the number of individuals willing to ditch fiat and hold BTC. To satisfactorily gauge how many do, analysts track active Bitcoin addresses. Good news is, despite the cyclic nature of Bitcoin and other asset prices; the number of BTC public addresses is up.<\/p>\n Not surprising, the number of BTC users tend to correlate with prices. As BTC prices edge higher, we expect the number of addresses to increase reflecting flow from fiat, further increasing demand and dominance of the world\u2019s most valuable asset.<\/p>\n Presently, prices are up, and as analysts project BTC\u2019s next wave of higher highs to blast above 2017 peaks towards $50,000 and even $1 million, investors are upbeat. Technically, candlestick arrangements are supportive but fundamental developments are crucial.<\/p>\n #Decoupling<\/a> #Bitcoin<\/a> is decoupling from alts-coins and the stock market. <\/p>\n BTC is the most underpriced asset in the world at the moment.<\/p>\n — Max Keiser (@maxkeiser) May 2, 2019<\/a><\/p><\/blockquote>\nBitcoin Price Analysis<\/h2>\n
Fundamentals<\/h3>\n
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