{"id":13847,"date":"2021-01-09T06:21:48","date_gmt":"2021-01-09T06:21:48","guid":{"rendered":"https:\/\/emilynews.com\/blog\/?p=13847"},"modified":"2021-01-09T06:26:40","modified_gmt":"2021-01-09T06:26:40","slug":"news-commentary-1263-bitcoin-rally-predictions","status":"publish","type":"post","link":"https:\/\/emilynews.com\/blog\/?p=13847","title":{"rendered":"News Commentary #1,263 &#8211;  Bitcoin Rally Predictions..?"},"content":{"rendered":"<p><span class=\"VIiyi\" lang=\"en\"><span class=\"JLqJ4b ChMk0b\" data-language-for-alternatives=\"en\" data-language-to-translate-into=\"ru\" data-phrase-index=\"0\">Here&#8217;s another interesting piece of news from the real world of cryptocurrencies and the world of the real economy&#8230;<\/span><\/span><\/p>\n<p>The Bitcoin rally continues (at least at the time of writing), but as always, there is still controversial information about both price and world-wide adoption.<\/p>\n<p>Traders (those who speculate on price pumps \/ dumps) are divided into two camps. The first common opinion is: &#8220;<strong>Never sell (&#8220;short&#8221;) bitcoin in a bull market &#8230;<\/strong>&#8221; while the other says: &#8220;<strong>A price correction is close and it will be significant, be prepared&#8230;<\/strong>&#8220;, nobody knows for sure if the first or second camp is correct, but next month should give us some perspectives i guess..<\/p>\n<blockquote>\n<h1 class=\"l-article__title\">Bitcoin rally \u2018blows-the-doors-off prior bubbles,\u2019 Bank of America says<\/h1>\n<div id=\"article-byline\" class=\"c-byline l-article__byline\">\n<div class=\"c-byline__text\">\n<div class=\"c-byline__attribution\"><span class=\"c-byline__by\">By<\/span>\u00a0<span class=\"c-byline__name\">Kevin Buckland and Thyagaraju Adinarayan<\/span>\u00a0<span class=\"c-byline__source c-byline__source--noName\"> Reuters<\/span><\/div>\n<\/div>\n<\/div>\n<figure class=\"l-article__featured \">\n<div class=\"c-figure__embed\">\n<div class=\"c-figure__embed\">\n<div class=\"c-video c-videoPlay c-video--stuck\" data-iframe-receiver=\"\" data-autoplay=\"true\" data-displayinline-featured=\"true\" data-displayinline-type=\"video\" data-displayinline-player-id=\"miniplayer_7501275_5ff8b4fe24432\" data-displayinline-video-id=\"7501275\" data-displayinline-ratio=\"16:9\" data-displayinline=\"https:\/\/globalnews.ca\/video\/embed\/7501275\/#autoplay&amp;stickyiframe=miniplayer_7501275_5ff8b4fe24432\" data-displayinline-sticky=\"true\" data-displayinline-init=\"true\" data-always-observe=\"true\" data-in-view=\"false\">\n<div id=\"miniplayer_7501275_5ff8b4fe24432__sticky\" class=\"c-stickyVideo c-video__sticky c-stickyVideo--mini c-stickyVideo--stuck\">\n<div class=\"c-video__stickyGrid c-stickyVideo__grid\">\n<div class=\"c-stickyVideo__inner\">\n<div class=\"c-stickyVideo__innerContainer\">\n<div class=\"c-stickyVideo__info\">\n<div class=\"c-stickyVideo__text u-lineClamp\">Up Next: Victims of two Canadian air tragedies on how they coped with their unimaginable grief<\/div>\n<\/div>\n<p><iframe loading=\"lazy\" id=\"miniplayer_7501275_5ff8b4fe24432\" class=\"c-video__embed c-stickyVideo__embed\" title=\"Sticky Video\" src=\"https:\/\/globalnews.ca\/video\/embed\/7501275\/&amp;stickyiframe=miniplayer_7501275_5ff8b4fe24432\" width=\"100%\" height=\"280px\" scrolling=\"no\" allowfullscreen=\"allowfullscreen\" data-displayinline-content=\"\" data-mce-fragment=\"1\"><\/iframe><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div><figcaption class=\"c-video__caption c-caption\"><span class=\"c-caption__desc\">Police are warning about a sophisticated new scam that convinces people to withdraw money from their personal accounts and deposit them in a bitcoin ATM. Anne Drewa reports \u2013 Dec 3, 2020<\/span><\/figcaption><\/figure>\n<div class=\"l-article__story l-main__story\">\n<div class=\"l-article__details\">\n<div class=\"c-socialShare c-socialShare--article c-socialShare--articleHover c-details\" data-article-socialshare=\"true\" data-socialshare-template-type=\"regular\" data-always-observe=\"true\" data-socialshare-id=\"2\" data-in-view=\"false\"><span style=\"font-size: inherit;\">Bitcoin jumped more than five per cent on Friday to fresh record highs of US$41,530, reversing losses from earlier in the session.<\/span><\/div>\n<\/div>\n<article class=\"l-article__text js-story-text\" aria-label=\"Article text\">The world\u2019s most popular digital currency slid to as low as US$36,618.36 on Bitstamp exchange before bouncing back. Rival cryptocurrency ethereum rose three per cent after sinking more than 10 per cent.<\/p>\n<p>Bitcoin has rallied nearly 1,000 per cent since a low in March. It topped US$30,000 for the first time on Jan. 2, after surpassing US$20,000 on Dec. 16.<\/p>\n<p>Some market participants had warned of a correction after the US$40,000 milestone was reached, but bitcoin was poised to register it\u2019s 11th session of gains out of the last 12.<\/p>\n<p>Increased demand from institutional, corporate, and more recently retail investors has powered bitcoin\u2019s surge, attracted by the prospect of quick gains in a world of ultra-low yields and negative interest rates.<\/p>\n<div class=\"l-article__part\" data-shortcode=\"tp_video\">\n<div class=\"c-video c-videoPlay \" data-iframe-receiver=\"\" data-autoplay=\"\" data-displayinline-featured=\"false\" data-displayinline-type=\"video\" data-displayinline-player-id=\"miniplayer_5538717_5ff8b4fe263fb\" data-displayinline-video-id=\"5538717\" data-displayinline-ratio=\"16:9\" data-displayinline=\"https:\/\/globalnews.ca\/video\/embed\/5538717\/#autoplay&amp;stickyiframe=miniplayer_5538717_5ff8b4fe263fb\" data-displayinline-sticky=\"true\" data-displayinline-listener-i-d=\"0\">\n<div>\n<div class=\"c-video c-videoPlay \" data-iframe-receiver=\"\" data-autoplay=\"\" data-displayinline-featured=\"false\" data-displayinline-type=\"video\" data-displayinline-player-id=\"miniplayer_5538717_5ff8b4fe263fb\" data-displayinline-video-id=\"5538717\" data-displayinline-ratio=\"16:9\" data-displayinline=\"https:\/\/globalnews.ca\/video\/embed\/5538717\/#autoplay&amp;stickyiframe=miniplayer_5538717_5ff8b4fe263fb\" data-displayinline-sticky=\"true\" data-displayinline-listener-i-d=\"0\" data-displayinline-init=\"true\" data-always-observe=\"true\" data-in-view=\"true\">\n<div id=\"miniplayer_5538717_5ff8b4fe263fb__sticky\" class=\"c-stickyVideo c-video__sticky c-stickyVideo--mini\">\n<div class=\"c-video__stickyGrid c-stickyVideo__grid\">\n<div class=\"c-stickyVideo__inner\">\n<div class=\"c-stickyVideo__innerContainer\"><iframe loading=\"lazy\" id=\"miniplayer_5538717_5ff8b4fe263fb\" class=\"c-video__embed c-stickyVideo__embed\" title=\"Sticky Video\" src=\"https:\/\/globalnews.ca\/video\/embed\/5538717\/&amp;stickyiframe=miniplayer_5538717_5ff8b4fe263fb\" width=\"100%\" height=\"280px\" scrolling=\"no\" allowfullscreen=\"allowfullscreen\" data-displayinline-content=\"\"><\/iframe><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><span class=\"c-caption__desc\">Ontario city set to allow cryptocurrency for taxes \u2013 Jul 17, 2019<\/span><\/p>\n<\/div>\n<div class=\"c-video__inner\"><span class=\"c-video__placeholder\"><span class=\"c-video__overlay\"><span class=\"c-video__data\"><time class=\"c-video__duration\">2<\/time><\/span><\/span><\/span><span class=\"c-video__placeholder\"><span class=\"c-video__overlay\"><span class=\"c-video__data\"><time class=\"c-video__duration\">:27<\/time><\/span><\/span><\/span><\/div>\n<div><\/div>\n<\/div>\n<\/div>\n<p>\u201cWe are seeing a continued demand spike driven largely by sustained and unprecedented institutional interest, showing no sign of abating as we move into 2021,\u201d said Frank Spiteri of digital asset manager CoinShares.<\/p>\n<p>JPMorgan strategists wrote on Jan. 5 that the digital currency has emerged as a rival to gold and could trade as high as $146,000 if it becomes established as a safe-haven asset.<\/p>\n<p>Interest in the world\u2019s biggest cryptocurrency soared last year, with investors viewing bitcoin as a hedge against inflation and an alternative to the depreciating dollar.<\/p>\n<p>Bank of America investment strategists on Friday said \u201cviolent\u201d inflationary price action in markets helped bitcoin\u2019s rally in the last two months.<\/p>\n<h4>But it warned that the cryptocurrency \u201cblows-the-doors-off prior bubbles,\u201d such as the dotcom bubble in the late 1990s, China in the 2000s and gold in the 1970s.<\/h4>\n<p><em>(Reporting by Kevin Buckland and Thyagaraju Adinarayan, additional reporting by Tom Wilson; Editing by Himani Sarkar and Hugh Lawson)<\/em><\/p>\n<\/article>\n<\/div>\n<\/blockquote>\n<p>*********************************<\/p>\n<p>If one of the paying programs on our Monitor appeals to you, please support <em>EmilyNews<\/em> by registering for it on our website. Thanks very very much!<\/p>\n<p>EN web <strong>Support Chat<\/strong> | Hyips and Crypto questions &#8211; <strong><a style=\"color: #c03939; text-decoration: underline;\" href=\"http:\/\/emilynews.com\/chat\/hyips\/\">HyipChatEN<\/a><\/strong><\/p>\n<p>Telegram Chat for Crypto and Hyip reports: <strong><a href=\"https:\/\/telegram.me\/HyipChatEN\" target=\"_blank\" rel=\"noopener noreferrer\">@HyipChatEN<\/a><\/strong><\/p>\n<p>*********************************<\/p>\n<p>Be the first to get most important HYIP news everyday!<br \/>\nSimply Follow <a href=\"https:\/\/www.facebook.com\/EmilyNewsOnline\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong style=\"text-decoration: underline;\">EN Facebook<\/strong><\/a>, <a href=\"https:\/\/telegram.me\/emilynews\" target=\"_blank\" rel=\"noopener noreferrer\"><strong style=\"color: #c03939; text-decoration: underline;\">EN Telegram<\/strong><\/a>, <a href=\"https:\/\/twitter.com\/EmilyHyipNews\" target=\"_blank\" rel=\"noopener noreferrer\"><strong style=\"text-decoration: underline; font-size: 1.3em;\">EN Twitter<\/strong><\/a><br \/>\nor Subscribe to <strong><a style=\"color: #c03939; text-decoration: underline;\" href=\"https:\/\/feedburner.google.com\/fb\/a\/mailverify?uri=Emilynews\" target=\"_blank\" rel=\"noopener noreferrer\">EN Feedburner<\/a><\/strong> and submit your email address!<\/p>\n<p>If you like this article and want to support EN &#8211; please share it by using at least few of social media buttons below. Thanks and See you tomorrow!<\/p>\n<p><a href=\"https:\/\/emilynews.com\/blog\/wp-content\/uploads\/2020\/11\/Reminder2-1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-13137\" src=\"https:\/\/emilynews.com\/blog\/wp-content\/uploads\/2020\/11\/Reminder2-1.jpg\" alt=\"\" width=\"544\" height=\"600\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Here&#8217;s another interesting piece of news from the real world of cryptocurrencies and the world of the real economy&#8230; The Bitcoin rally continues (at least at the time of writing), but as always, there is &hellip; <a title=\"News Commentary #1,263 &#8211;  Bitcoin Rally Predictions..?\" class=\"exalt-read-more\" href=\"https:\/\/emilynews.com\/blog\/?p=13847\"><span class=\"screen-reader-text\">News Commentary #1,263 &#8211;  Bitcoin Rally Predictions..?<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":10984,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[4952,4953,2189,4951,3544,4331,4282,3611],"class_list":["post-13847","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-information","tag-bitcoin-cryptocurrency","tag-bitcoin-daily","tag-bitcoin-investment","tag-bitcoin-market","tag-bitcoin-news","tag-bitcoin-price-prediction","tag-crypto-market","tag-crypto-news","exalt-entry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>News Commentary #1,263 - Bitcoin Rally Predictions..? 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