According to Bitwise Chief Investment Officer Matt Hogan, if there are no surprises in the market and the upcoming election does not impact investor sentiment, Bitcoin (BTC) will reach 80,000 yen by the end of the year. It is said that it could reach US$. Meanwhile, the US government considers Bitfinex to be the sole victim and potential recipient of the 119,754 BTC seized from hackers.
Cryptocurrency Today: Bitcoin, Ethereum, XRP Stand Still as Market Faces Potential Oversupply from Bitfinex and the US
Bitcoin (BTC) remains above the psychological level of $62,000 despite outflows of $58.2 million across the BTC ETF, according to data from Pharside Investors. It traded around $62,120 on Wednesday. However, the top cryptocurrency could face potential selling pressure in the coming months if the US government decides to sell the 69,730 BTC it seized from Silk Road, which it recently gained control of.
dash form bull setup
Looking at the 4-hour chart of Dash with the DSHUSD ticker, we see a sharp and impulsive rebound from the August lows after the final leg (C) of the Y at 5. So if we think we're breaking above it, strong support could actually be there. Channel resistance line with 5-wave impulse. That said, watch for further upside after the current abc adjustment. This could end at the expected 22-20 support area, but the only confirmation for the bulls is an impulsive 5-wave rally above the channel resistance line and the 26.70 area. The invalidation level is 19.
