{"id":17350,"date":"2021-09-19T06:29:55","date_gmt":"2021-09-19T06:29:55","guid":{"rendered":"https:\/\/emilynews.com\/blog\/?p=17350"},"modified":"2021-09-19T06:44:35","modified_gmt":"2021-09-19T06:44:35","slug":"news-commentary-1466-bitcoin-85000-in-the-next-wave","status":"publish","type":"post","link":"https:\/\/emilynews.com\/blog\/?p=17350","title":{"rendered":"News Commentary #1,466 \u2013 Bitcoin | $85,000 In The Next Wave..?!"},"content":{"rendered":"

Well, it looks like a new wave is approaching and some experts are already waiting for it, saying that the cryptocurrency market will go much higher compared to current levels. At the same time, I want to draw your attention to the negative aspects that can affect<\/strong> prices and turn everything upside down<\/strong>. That’s why the next “black swan<\/strong>” event is also may be preparing soon… Check this small example below:<\/p>\n

Binance\u2019s troubles with regulators grow as U.S. authorities are now reportedly investigating the exchange for possible insider trading and market manipulation. The investigation involves the Commodity Futures Trading Commission (CFTC). The Justice Department (DOJ) and the Internal Revenue Service (IRS) have also been investigating Binance on a separate issue.<\/p><\/blockquote>\n

Things like this could break all the possibilities, the potential of the entire crypto industry, at least in the short term. So be prepared for EVERYTHING<\/strong> …<\/p>\n

At the same time, we want to stay positive \ud83d\ude42 and below you will find some good predictions from various analysts.<\/p>\n

At the height of the Bitcoin (BTC) rally in the first quarter of the year, most models and predictions pointed to the digital asset ending the year above $100,000. However, after a market plummet that saw Bitcoin bottom at $29,000 had most experts and investors lose confidence in that prediction. In recent weeks, Bitcoin has bounced back to trade in the $45K-$48K range. The $50K position is regarded as a crucial psychological position that could easily trigger Fear of Missing Out (FOMO) and push BTC all the way through to test the current all-time high of $64,000.<\/p>\n

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Experts are already predicting an explosive Q4. Decentrader analyst Filbfilb is one who believes that the next wave will push BTC above $85,000 and as high as $100,000. He recently noted;<\/p>\n

So with bullish signals in the near term, we could now be setting up for a major run that first takes $BTC up towards $85,000 before breaking through the psychological barrier of $100,000,<\/p><\/blockquote>\n

The analyst has further spoken to the risk of downward movement where he notes that there is little that can spark this except  \u201csignificant bad news event.\u201d<\/p>\n

Micha\u00ebl van de Poppe who believes that Bitcoin is still on track in its bull cycle has recently reiterated that Bitcoin is headed as high as $300,000.<\/p>\n