• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news today, price & technical analysis
Price & Market
Cap Data from
Nomics Logo
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Cardano
    • Tezos
    • EOS
    • Chainlink
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Education
    • Accepting Bitcoin payments
    • Using Bitcoin
    • What is Bitcoin Mining
    • How to Trade Bitcoin
    • How to Buy Bitcoin
    • Digital Currency Exchange
    • Proof of Existence
    • Is Bitcoin legal?
    • Bitcoin Books
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • TradeeToro
  • Buy SilverTry
No Result
View All Result
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Cardano
    • Tezos
    • EOS
    • Chainlink
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Education
    • Accepting Bitcoin payments
    • Using Bitcoin
    • What is Bitcoin Mining
    • How to Trade Bitcoin
    • How to Buy Bitcoin
    • Digital Currency Exchange
    • Proof of Existence
    • Is Bitcoin legal?
    • Bitcoin Books
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • TradeeToro
  • Buy SilverTry
No Result
View All Result
NewsBTC
No Result
View All Result
Price & Market
Cap Data from
Nomics Logo

Bitcoin (BTC) Is A Secure Investment Next To Gold, A Primer to $8,500?

Dalmas Ngetich by Dalmas Ngetich
2 years ago
in
Reading Time: 2min read
Crypto Bulls Rejoice As Bitcoin (BTC) Monthly Candle Closes Above Resistance
Advertisement
  • Bitcoin (BTC) soar, add 13.3 percent in the last week.
  • Lisk founder says Bitcoin is a secure investment next to Gold

After a stellar performance, analysts believe last year’s crypto winter is over as Bitcoin (BTC) prices bottom up, retesting $6,000. From candlestick arrangement, we expect buyers to be firmly in control once prices rally and close above Q4 2018 support now resistance.

Bitcoin Price Analysis

Fundamentals

That the space is rapidly evolving is true, and it is an observation that the founder of Lisk, Max Kordek, notes. In an interview, the founder said although blockchain as a technology is revolutionary and disruptive, not “everything will be based on blockchain.” He goes on to add that while “blockchain is one technological level above texting (Web 3.0 Ver 2.0)” and the ecosystem researching and developing, “there are quite a few processes that can be optimized with this technology.”

Max is pragmatic realizing that blockchain is after all not that golden technology that will replace everything since “there isn’t even one-use case that has reached 100,000 daily active users”. All the same, he sees “a world where blockchain really helps people in very specific industries and solutions.”  On Bitcoin, Max says next year’s Bitcoin halving would help prices recover.

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

Besides, with increasing prices, Bitcoin as a secure layer will evolve into a store of value that is independent of any other market.  Because of this, investors can “just fill up your portfolio with 1 to 2 percent with it, and it can act as a secure investment next to Gold.” Overly, he sees Bitcoin as an inspiration and a stepping stone for blockchain.

Candlestick Arrangements

Bitcoin BTC

With what Bitcoin (BTC) represents, the world’s most valuable coin is up 3.2 percent in the last day. On a week-to-date basis, it is up 13.3 percent with bulls stepping on the gas pedal. For a clearer picture, analysis from a top-down approach hints of trend continuation.

The wide-ranging bull bar of the week ending Apr-7 is the base of our trade plan confirming the breakout pattern of week ending March 31. Since the trend is clear and prices are not only retesting the main resistance levels of $5,800–$6,000 as buyers blast above minor resistance at $5,700, aggressive traders should load on every dip now that bars are banding along the upper BB in the weekly chart.

Unless otherwise there is a cool-off, it is likely that Bitcoin will breach the $6,000 level reversing losses of Nov 2018.

Technical Indicators

From the chart, May-3 bull bar is our reference candlestick. Because of increasing bull momentum, we expect confirmation of today’s bull breakout as volumes spike above 19k. Any counter trade with equally high volumes reversing today’s gains could pour cold water on bulls.

Chart courtesy of Trading View

Tags: bitcoinbtclisk
TweetShare90
Nexo Logo
BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner? Win up to $1,000,000 in One Spin at CryptoSlots
Dalmas Ngetich

Dalmas Ngetich

Interested in new Tech

Related Posts

Ethereum

TA: Ethereum Dives Below $1,500, Why Bulls Are Losing Control

2 hours ago
Bitcoin

TA: Bitcoin Price Back Below 100 SMA, Why BTC Could Retest $45K

4 hours ago
bitcoin cheat sheet

Bitcoin “Cheat Sheet” Calls For Next Leg Up To $77K

6 hours ago
bitcoin bloomberg march

Bloomberg Chief Analyst Says Bitcoin Could “March To $100,000” From Here

11 hours ago
Bitcoin, cryptocurrency, BTCUSD, BTCUSDT

Bitcoin Affect? Billionaire Fund Manager Sells 1.8M Tesla Shares for Clients

18 hours ago
Bitcoin on Back Foot as Focus Turns to Powell Speech; What to Expect?

Bitcoin on Back Foot as Focus Turns to Powell Speech; What to Expect?

20 hours ago

Premium Partners

Top Brokers

eToro

eToro

Review · Visit
Evolve Markets

Evolve Markets

Review · Visit
ArbiSmart

ArbiSmart

Review · Visit
PrimeXBT

PrimeXBT

Review · Visit
Moneta Markets

Moneta Markets

Review · Visit

Top Casinos

BitStarz

BitStarz

Review · Visit
mBit

mBit

Review · Visit
CryptoGames

CryptoGames

Review · Visit
Bonusfinder DE

Bonusfinder DE

Review · Visit
Bspin

Bspin

Review · Visit
Wolf Bet

Wolf Bet

Review · Visit

Top Sportsbooks

1xBit

1xBit

Review · Visit

Press Releases

Bittrex Global Exchange to List Ndau for Long-term Holders

March 4, 2021

Polkadex, DEX Built for Web3, Raises $3m From CMS Holdings, Outlier Ventures, OKEx Capital and More

March 4, 2021

Casino Betting Coin launches $FUN Uniswap pool

March 4, 2021

Newsletter Signup


ABOUT US

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

COMPANY

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

LINKS

Auto Trading Software ▸

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

© 2020 NewsBTC. All Rights Reserved.

  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Cardano
    • Tezos
    • EOS
    • Chainlink
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Education
    • Accepting Bitcoin payments
    • Using Bitcoin
    • What is Bitcoin Mining
    • How to Trade Bitcoin
    • How to Buy Bitcoin
    • Digital Currency Exchange
    • Proof of Existence
    • Is Bitcoin legal?
    • Bitcoin Books
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Trade
  • Buy Silver

© 2020 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.