BTC had $ 285 four years ago today, the CEO of Binance forecast at $ 300,000, a "key level" to watch out for

Bitcoin reaches $ 4,000 but can not be bullish until it has crossed the "key level"

The cryptography market is recovering today, with total market capitalization increasing by about $ 6 billion to $ 140 billion. The market is a mix of green and red, Bitcoin exceeding $ 4,000. Holo records the highest gains (18%), while Bitcoin Cash (BCH) is the winner among the best cryptos with more than 10% gains. Crypto.com Chain, which has seen a sharp rise in recent days, is the biggest loser with a loss of more than 26%.

The main Bitcoin cryptocurrency finally hit the $ 4,000 mark after two weeks of no action. At the time of writing, Bitcoin was trading at $ 4,037, with gains of about 2% over 24 hours, while managing a daily trading volume of $ 10.2 billion, according to the data provided. by Coinmarketcap. Bitcoin reached the highest point with $ 4,077 but dropped a bit.

1 Day Bitcoin Price Chart, Source: TradingView

Bitcoin in the supply zone

According to the crypto analyst, The Cryptomist, unless BTC exceeds the $ 4.1 level, it's hard to be optimistic.

"Just at the right time! Broken pennants of RSI and candle. We are waiting to find land. Now waiting less than 3953 area. We have a very strong resistance coming from region 4.1. Break it and I become very optimistic!

According to crypto traders and analysts, Bitcoin is being sold again as Credible Crypto reports that BTC is testing the supply area, but will no longer hold it. However, if we manage to break through, we could easily reach the $ 4.1k level. But from there, you have to see if Bitcoin will go "directly to $ 4.3k or $ 4.5k or come back first for a quick detour".

The analysis always applies. Let's go back now to the purchase levels. $ BTC https://t.co/DIU2kPOcBz

– Alex Krüger (@krugermacro) February 24, 2019

Just recently, Fundstrat's Tom Lee said the key level to watch for the price of Bitcoin is the 200-day moving average, and if that rate is exceeded, BTC will enter the bull market.

"If Bitcoin holds more than $ 4,000, it will go through its 200 days [moving average] by August, so I think the outside window waits five to six months before Bitcoin begins to look technically like a return to a bull market. "

Tom Lee of #Fundstrat predicts a new #BTC meeting in 2019. He hopes that BTC will recover from the fact that #BCH The "wars with the fork" have lost the confidence of investors. From his mouth to the ears of God.

– Weiss Ratings (@WeissRatings) March 15, 2019

However, according to the Bloomberg Intelligence analyst, Mike McGlone estimates that Bitcoin is down, as he wrote in a recent report: "The whole industry is ripe to regain the path of decline prices. The conditions are similar to November, just before the collapse. Prices are consolidating in increasingly narrow ranges, with some strong bear market recoveries that seem fleeting. "

CEO of Binance expects Bitcoin (BTC) price to reach $ 300,000 in the future

Changpeng Zhao, CEO of Binance, one of the largest digital currency markets in terms of trading volume, estimates that bitcoin could reach $ 300,000. He said that no matter how hard the times, he had always invested in the cryptographic space.

Is Bitcoin at 300 000 BTC / USD really possible?

Changpeng Zhao is very optimistic about the future of space and the possibility for Bitcoin to increase its price in the future. He said that regardless of whether bitcoins are trading between $ 4,000 and $ 300,000, they are still in the market.

According to the feelings of the Crypto News site, he mentioned:

"$ 4,000 and $ 300,000, there are hard days and good days. We are always here.

At the end of 2018, Changpeng Zhao wrote to the Binance community a letter in which he described the year 's record by showing the achievements of the platform, even when he had admitted that the year had has been fierce for virtual currencies.

Most experts and analysts, including Changpeng Zhao, believe that 2018 has been used to build new projects rather than speculate on the price of the most valuable digital asset.

Now, several enthusiasts are certain that Bitcoin will reach $ 300,000.

Many innovations in space would allow Bitcoin to reach new heights in the future.

A few days ago, Thomas Lee, founder of Fundstrat, said that Bitcoin was in six months of an uptrend. Since its highest historical level, Bitcoin has lost more than 80% of its value and users expect the digital asset to start growing again.

John McAfee, one of the most fashionable personalities in the field of cryptography, estimates that bitcoin will reach $ 1 million by the end of 2020.

Bitcoin currently trades around $ 4,000 and its market capitalization is $ 71 billion.

Bitcoin price exceeding 4,000 USD and possibility to revisit 20,000 USD by 2021 if history repeats itself

Here is the story of the first time Bitcoin exceeded the value of $ 4,000.

The latest price action by BTC was reportedly triggered by Asian activity and reported a trading volume of $ 9.86 million and a market capitalization of $ 71.11 billion.

Where is the bitcoin in the big scale? 4 years ago it was $ 285 USD

For those who are coming in and out or newer in blockchain space, many think that bitcoin is becoming its fourth fractal behavior, based on historical and graphical analysis over time. of his ten years of existence. The nature of Bitcoin's repetition of price action has become obvious to those who consult historical data and charts and think that there should be a bigger wave, because many leave their forecasts of bitcoin price soar. Our 90% reduction has always resulted in a gain of 10 to 20 times and usually lasts one to two years with a recovery of 80 to 90% and we are nearing the end of this road.

Got a @Amazon Delivery today and the delivery man saw the Bitcoin t-shirt I was wearing and talked about recent price movements. He was surprised after mentioning all the major players that were beginning to enter.

Awareness and global adoption will succeed, one step at a time. pic.twitter.com/53Ok7SqUjb

– Ilir Gashi [LTC⚡] (@Mrilirgashi) March 15, 2019

Bitcoin trades at an exchange rate of $ 404 BTC / USD, and just four years ago, a bitcoin was worth $ 285. Adding to the comment below, the crypto-hate-coins thought that those who invested in BTC at $ 1,000 would never be profitable:

Four years ago, the price of bitcoin was $ 285 and the consensus was that those who bought bitcoins at $ 1,000 would never be profitable.

– Needacoin (@needacoin) March 15, 2019

What do you think of the current and soaring prices of Bitcoin today? As each day gets closer to the big halving in bitcoins, we expect nothing more than a fireworks display on the parts market today, tomorrow, and in the years to come. to come up.