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Bitcoinusdt

BTCUSDTHello Crypto Lovers, Mars Signals team wishes you high profits. We are in the weekly time frame. You can see that the price is fluctuating above the weekly resistance which is now acting as the support. Let’s go into the daily time frame and see what is happening. You can see that the price has hit our R1 line and made a pullback to S2. If the price stays above S2, we can expect it to go up to R1 and this time break R1. But if it is not able to break R1 we expect it to fall further. You can see in the 4-hour time frame that the price has hit our resistance line and is now ranging around it. If the price is able to break it, we expect it to move toward R1. There is also the possibility for it to hit S2 and then go toward the R1 line. We expect it to have some pump and dump in the coming days. We need to wait and see whether the breakout is from the above or from the bottom but from the above is more likely. We need to wait and see if the price can break R1 to move toward its next target which is R2. If R2 is also broken, the price can gradually touch the top of the channel which is $82650. Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions. Wish you luck
by MarsSignals
BTCUSDTHello Crypto Lovers, Mars Signals team wishes you high profits. As we predicted in our previous analysis, the price has hit the R1 line and has made its pullback. Thee are 3 lines converging on the way of the price down which are the first support lines. These support lines are very likely to hold the price where the yellow line is the weekly support along with the other two lines. We predict that the price will hit this support and continue going up. However, if this support does not hold, the next support for the price is S3 which can push the price back up. If it goes even below S3 then we will have more falling. Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions. Wish you luck
by MarsSignals
Bitcoin story + several bullish patterns Hi wizards, So, you see, there is a lot of noise lately. Probably created by FED + ECB decisions / dollar strenght / fear of disease, so on and so on. Furthermore, the sentiment was "Bitcoin to 100K before the yearly sunrise" / "We (bitcoiners) are the aristocrats of the new world" etc etc. In the meanwhile: Julia, please not now, I can't take this shhh, bitcoin is falling, there will be no gifts this year .. Thomas! That's out of the question! What do you mean no gifts? Just sell some of that worthless .. what the hell do you call it anyway? It's money Julia, Money .. but different then fiat Fiat? Are you delusional? We drive mercedes! And if it is Money, why don't you buy some gifts with it Thomas? Because Julia, if we use it now then we might miss out .. Oh never mind! What do you want? Thank you Thomas, let's go shopping and find some gifts .. I found a very nice store where we can .. Thomas dear .. ? .. Thomas? .. Are you behind those screens again!! -- Not now Julia, Bitcoin just broke the trendline!! That's noise. It exist in the mind. A part of it is unconscious. And will remain unconscious. That's why it is called unconscious. All we can do is connect the dots to determine what is in the subconscious, then use that non-tangible data to make a decision. Which remains a guess. Hacking the inner world of the individual and thereby the masses. What could be more interesting .. But first, know thyself. Second, determine your basic modus operandi. Third, change, if necessary, the modus operandi in what's most beneficial. Fourth, understand that the real value is in the process not the result. Back to basics. Target 53K, second 58K, and end target 89K .. for now. Short iterations are more effectively then long term planning. However, not too short .. because machines are smarter. But not wiser, Right? Or are they .. Thomas .. ? Thomas ..!
by Aroundthesun
1
Btc update : What's next ?Hey guys, today I'm going to share with you my view on Bitcoins next move As shown in the Bitcoin chart , it has been in a downtrend since November 10, and it has started forming a lower low and lower high , and this is a bearich sign . i have 2 possibitlity in my mind first one : the bitcoin will break the black trendline , and the target will be the red zone, and then we will see how Bitcoin react with the $52k area seconde one : if the Bitcoin does not break the black trendline we will go to 40k , I am waiting for the candles, how it will react with the trend, and I will make a decision either to buy or sell . i hope you like my analysis , D'ont forget to follow me for more ideas
by Diamond_Chart
BTCUSDTHello Crypto Lovers, Mars Signals team wishes you high profits. We are in the 4-hour time frame. As you can see the price is moving inside a bearish channel which can also be a Flag pattern. If the price is able to break its first resistance line and go toward its second resistance, after a pullback it can continue its uptrend toward the third resistance. But if it is not able to break its first resistance and stabilize above it, we can expect it to fall down to the first support line. Warning: This is just a suggestion and we do not guarantee profits. We advise you analyze the chart before opening any position. Wish you luck
by MarsSignals
BTC/USDT ChartHi, before I start to talk about BTC and charts I would aprecciate if you could follow, like and give your thoughts about the idea. I did a little break (things got preety bad while I was gone), but for now on I will start to post way more frequently. BTC broke the 53K support, and recently dropped to 47k. A drop to the 45k area might be a probable scenario since the coin is facing multiple bearish retests. If bitcoin breaks the 51k area in a daily close a pull back to 53k is the most probable scenario. OBV isn't looking so great, and despite having a RSI that shows that the market is undervalued, it seems that investors are looking to see the next BTC move before entering a position. Comment what you think about the idea.
by Devan-CryptoCharts
BITCOIN: LAST SUPPORT AREA + HEAD AND SHOULDERS PATTERN.Bitcoin seems still in bearish scenario as you can see at Timeframe 4 Hour, show head and shoulders pattern (bearish) and bitcoin failed to break EMA 200 at Timeframe 1 Day. The last support area around 39812 - 41183 price. You can take short position and take profit there with stop loss around 49355. Watch your money management and do your own research before trading. If break it will be bearish season. Look my previous ideas here: note: only take position after confirmation and do your own research before trading.
Short
by pandupratama7
Bitcoin - 2 insane patterns!Hello, everyone! Now it looks like the bull run is over, the Bitcoin price has been falling down for a long time. But I found 2 crazy patterns which can give us a hope that final bull cycle wave is going to play out. Pattern 1 – Wyckoff Reaccumulation This theory is well known for me, I often use it in my trades. On the left side of the pic above you can see this Wyckoff reaccumulation pattern. As I said in the previous articles, I expect the sideways movement for some time because whales is going to accumulate their positions. It coincides with the fundamental Wyckoff theory. Pattern 2 – Three Rising Valleys I found this price pattern recently, but it has ideal explanation of the current Bitcoin price formation. You can notice that this pattern is not contradicts the previous one. The target for it is $80000 in this cycle!
Long
by Skyrexio
7
BTC TA version 2As a Short description: Two green and red rectangles in current area, are made up of Fibonacci retracements. and its normal for the price to have no certain direction in the overlab segment. but be careful that this area we're in is critical and not being decisive on our stoploss (whether to be for long or short positions) can be very frightening. + It is yet risky to open short interest (the reason can't be seen on the chart or any TA, the reason is hidden in smart money behaviour patterns) The Green line down there (S3) is very powerful, and it overlabs a part of the fibo zone, so it's really absorbing for the price to be touched again. so and if price goes down to 44000 for another touch of the S3, it should be sharp, as the VP is empty either. dotted green line (which is very determined and was drawn with yearly points) can be touched again either. but it's not as possible to break as the yellow line that is in hourly scale. finally, here there is also a possibility of an upward high momentum movement made by manipulation. so be very conservative about your Trading. specially for short positions cuz the yellow circle is empty in VP and price might go up sharply. comment your opinion and follow for more TAs.
by Finnovin
1
(BTC) Bitcoin - HOW TO CATCH THE TOP/BOTTOM ? 🧨💥Hello everyone ! 
 Today the Black Cat Trader is analyzing Bitcoin (BTC) based on a Monthly chart 📈 
 What we can see : - Back in November 2013, Bitcoin toped at 1 163$ and then bottomed at 152$ (approx 87% correction) - Back in December 2017 Bitcoin toped at 19 666$ and then bottomed at 3122$ ((approx 84% correction) Since 2015, prices took support on the black uptrend line. We can also identify our white trend line which acts as a support or a resistance for prices. By now, we are still above this white line, which is a good thing. What we can expect : If Bitcoin manages to hold its white trend line, prices could top between 13.618 and 16.618 fib levels. Those levels match also with our black resistance line which acts as resistance for prices since 2014 ! By adding a 80% correction based on this « potential top », prices could then bottom on our multi years uptrend line. How to catch the top/bottom ? Everybody seems obsessed by small time frame… Just zoom out, and look at the RSI and the position of prices regarding our two black trend lines on a monthly basis.. That’s it. If prices are located on our multi years resistance line and the RSI is in the dangerous area : SELL If prices are located on our multi years support line and the RSI is in the BUY area : BUY IF YOU LIKE THIS POST, FEEL FREE TO LEAVE A LIKE AND FOLLOW THE BLACK CAT TRADER  
 MAY THE CRYPTO BE WITH YOU GUYS (D.Y.O.R)
BITSTAMP:BTCUSDLong
by Hector_Bienvenu
Bitcoin and next short liquidationsBINANCE:BTCUSDT Bitcoin already liquidated 2.6B long positions now we got 35% opened short positions on 1D so its a perfect time liquidate short positions and make a last pump to 63-72K and over this cycle. We bounced at 42K and now trade in local fib with 3 times touches resistant line on fib, so next one touch possible will be break out with pump to 0.5 lvl and retest this line like support and continuation move up. Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch! ✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes. Don't forget sub and join my channels under this idea!
by Crypto4light
Bitcoin Update 07/12/21: Short-term Outlook, Swing Opportunity From the last push phase in late September, we saw Bitcoin gain 68% in just under 42 days from $40,994 on the 29th September to $69,044 on the 10th November. Our A.I script caught this huge move with a strong Buy signal triggered on the Daily Chart (4th October) catching 47% of this move to the new ATH. This was an explosive move for Bitcoin which was met with some heavy resistance, failing to break above $65k on the 20th and 21st October which resulted in a small sell off with BTC dropping 13% from the 21st October to the 28th before starting the next wave of the rally to a New ATH set on the 10th November. Bitcoin rallied another 20% from the 28/10/21 to 10/11/21. Since setting a new ATH BTC started a slow retracement with BTC unable to maintain the $65K as an area of strong level of support. Our A.I script triggered a strong Sell signal on the 20th November, only 10 days after hitting a new ATH. From the Sell Signal BTC retraced 30%, bottoming with a huge wick rejection at the Golden Ration, which saw Bitcoin retracing just over 61.80% from the ATH price (Huge opportunity of you caught the bottom). The Bull Run is still on! From the current price we expect a small consolidation period as we currently face some heavy resistance at this previous key level faced back in August and September. After a much needed retest of the 200SMA, Bitcoin is showing strong price rejection since the 4/12/21. From the 4th December crash, Bitcoin has recovered 20% already showing strong signs we are still in a bullish market. As mentioned above this is a key price level for Bitcoin and we can expect some consolidation before retesting the $60k price level @ the 78.60% fibs (currently 19% gain away from the price level). From the 78.60% fibs we expect a small pullback before retesting the ATH at $69,044 (Currently 36% gain away). From the ATH our next price target is at the 127.20% fibs @ $80,173. From the current price Bitcoin is 86% gain away from the 161.80% price target @ $94,330 which we now can expect 2022 Q1/Q2. Please see previous analysis below. Happy Trading :) Bitcoin Update 13/10/21: BTC Golden Cross Road to $74k (18/09/21). BTC is showing strong support around 53k-55k, from here we expect a clear breakout above the 78.60% fibs and a retest of the ATH🎯@$64k! Currently BTC is only 12% away from the previous ATH . BTC is now back above 55k for the 2nd time now in 5 months. Please see previous analysis below. Happy Trading :) Bitcoin Update 03/10/21: Since the 30th September, Bitcoin has grown 18%+ over the past 3 days. From the current price level Bitcoin is 33% away from the ATH . Scenario 1 didn't quite play out for BTC as we mentioned earlier during the start of the month (September). From here we can expect the Scenario 2 Push Phase to play out. A clear break from here with the 13 EMA crossing up above the 50 SMA will be further confirmation of this continued bullish momentum pushing above Key Resistance at $46k. September is historically a red month, and this year we saw this across the board from stocks to cryptocurrencies. The BTC Golden Cross experienced on the 16/09/21 signals very bullish momentum. From a technical perspective Bitcoin is in a Bullish market, further to this we have the Golden Cross for BTC which occurred on the 16th September on the Daily Chart (Historically every time we see this movement on the moving averages, we have experienced significant growth in BTC ). The Golden Cross signals very strong bullish momentum which could see Bitcoin back at the ATH price level after a clear breakout above the 61.80% Fibonacci which is a significant level for whale action as we see accumulation around this key price level range between $47k-$52k. From the current price level @ $48k, BTC is 54% away from the ATH price. We expect some explosive movement incoming in the next 2-3 months as we head towards eoy. Please see previous analysis below. Happy Trading :) 🎯 Bitcoin Update 05 /09/21: Bitcoin has been in a steady accumulation range between $46k-$51k for the past 23 days. From this key level we can expect continued bullish momentum towards the upside to the next key level of resistance at $57k. Currently Bitcoin is 25% from its ATH price @ $64k. If we can have a clear break of this resistance and hold above $51k flipping it into support we can expect a bullish run towards the $57k resistance, this move might be met with some heavy resistance above this key level as $58k-$60k is a key psychological barrier for Bitcoin . The next few months are critical for BTC as bullish momentum could see the 127.20 fib target at $74k. Please see previous analysis below :) Happy Trading! $50K incoming again for the weekend 🚀, if we can break resistance and hold above $51k flipping it into support we can expect a bullish run towards $57k resistance. The next few months are critical for BTC as bullish momentum could see the 127.20 fib target at $74k. Please see previous analysis below :) Happy Trading! Bitcoin Update 21/08/21: Road to $74k is clear, but first Bitcoin has to break above $51,068 and flip this into support for the next leg up to the 78.60% Fibonacci level at $57,125. If Bitcoin can flip the 61.80% fibonacci level into support we could see bitcoin approaching the $60K region looking to push for a new ATH . The 61.80% fibonacci level is a key resistance level and a level where we previously saw large amount of whale accumulation in the previous run before the May crash. In another possible scenario we could see Bitcoin retracing and consolidating in the short term but when we look on the lower time frame 4H, the swing call script has just triggered a strong buy signal showing continued bullish momentum for Bitcoin . It is official the Bitcoin Bulls are back!! Please see previous analysis below. Happy Trading :) Bitcoin Update 14/08/21: Update: Currently 4% Gain from this Short-term Swing Opportunity, stops just below $43,812, TP @ $51,068 at the 61.80% Fibs, additional TP at the 78.60% @ $57,125 (19% Gain from current price level). Please see previous analysis below. Happy Trading :) The Bitcoin Bulls are Back! After setting a new ATH @ $64,841 in April, Bitcoin experienced its the first major sell (some may say manipulated) off in this Bull Run Cycle (-50% from the top). We have been closely watching the BTC chart for a strong trend reversal signal. From the ATH @ $64,841, Bitcoin formed a triple bottom in the $28-30k region, the last bottom experienced on the 21st July is confirmed as our bottom here. The Swing Call Script gave further confirmation of the strong trend reversal as a Buy signal was triggered on the 4H Chart on the 22 July and further on the 6th August showing strong signs of bullish momentum back into the market. From here we expect BTC to retest the current ATH @ $64k which is a 40% Gain from the current price @ $45k. Further to this, we can expect some heavy resistance between the 61.80% - 78.60% fibonacci level. A clear break past the 78.60% fibonacci level see BTC setting a new ATH at the 127.20% fibonacci level. Please see previous analysis below. Happy Trading :) BTC finally testing the 200 SMA and is showing strong signs of bullish momentum as we see the BTC Bulls coming back into the market 🚀. After 4 failed attempts of trying to break above the key resistance @ $38,595 BTC has finally broken above this key price level. Since the crash BTC found its Bottom tanking down -51% on the 19th May to $28,787 from $57,777 and had previous retraced from the ATH price @ $64,841 to $46,814 (-27%). BTC has been in a whale accumulation zone for the past 27 days from 19th May to 15th June. Our Swing Call Script triggered a strong buy signal for #BTC LONG when the 13 EMA crossed up above the 50 SMA on the 10th June; BTC has since increased over 10% in just over 5 days. From the current price level we have longs positioned and the current TP 1 is at the 127.20% Fibonacci level @ $74,647 (85% gain from current price level) and TP 2 at the 161.80% Fibonacci level @ $87,122 (116% from current price level). Note the price targets are for long term swings, we may be in this accumulation phase a little longer. Happy Trading :). See previous analysis below. Bitcoin Update 02/04/21 Next Target @ $66,953 13% Gain New ATH in April I've loved charting BTC last Month, analysis has been quite spot on just waiting on our new ATH now @$66,953 13% Gain from current price level. #Bitcoin has found key support around $58k price level. It looks like the Bitcoin Bulls are back in the market. Worst case scenario from here in the short-term could see the price test the 50SMA, and breaking below this level would see another test of the 200SMA before the anticipated move to the upside and our target of $66.953 at the 127.20% Fibonacci level. See previous analysis below. Happy trading :) Update 29/03/21 Bitcoin next Target @ $66,953 21% Gain Nice bounce from the whale accumulation zone at the 78.60% Fibonacci Level. Looks like the BTC Bulls are back in the market. See previous analysis below. BTC Monthly Outlook Update (23/03/2021) Approaching Whale Accumulation Zone at the 78.60% Fibonacci level @ $52,371. Interesting next few days from here as a bounce from the 200 SMA at the whale accumulation zone could finally see us break through the key resistance at the current ATH level from 14/03/21 @ $61,690. April is set to be a very interesting and pivotal month for the cryptocurrency space. See previous analysis and monthly outlook below. Happy Trading :) #whaleaccumulationzone Update 21/03/21: Yesterday the Bulls failed to push the price higher and we had a small retracement down from $59.5k to $55.6 where we found some support of the current price level (-7%). From here the worst case scenario would find us in a key whale accumulation zone @ 78.60% Fibonacci level $52,371. However this scenario is unlikely to play out and as expected from the previous outlook before, we expect the Bulls to come back in the market, pushing as further to higher highs as we have been consolidating around this key price range between $54.5K to the current ATH @ $61.8k. If we fail to break past the previous ATH , the bearish scenario may see a test of the 200 SMA around the 78.60% Fibonacci level, otherwise the Bullish scenario is still in play. Note that from this current trend from 28th January we have only tested the 200 SMA once and a bounce from this level may signal a much stronger bullish move towards our price target $77,335 @ the 161.80% Fibonacci extension and further $107,340 @ the 261.80% Fibonacci level. So far great performance this month from £BTC as March is usually quite a bearish month looking back at the past. April looks ready for us to really fly, testing the 161.80% Fibonacci extension , but note this may not be a straight forward push but all the fundamentals are pointing towards the $70K as our next significant area of interest for the Bulls, currently a 16% gain from the current price level would see BTC reach $66,953 127.20% Fib extension. See previous analysis from 1st March 2021 below. Happy Trading :) $BTC #HODL *Update 20/03/21 #BTC Monthly Outlook Update from 1st March 2021; 13 EMA crossing up 50 SMA showing strong bullish sentiment as we are about to enter the last week of the month, expect the bulls to come back and to push the price higher. Currently the 127.20% Fibonacci Target ($66,953) has not been tested yet, but we expect some big movement in price over the next few days and further going into the last week of the month (Yes, it has been March Madness), 13% Gain from the current price level @ $59,390 to $66,953 127.20% Fib extension. Our next target after this is $77,335 @ the 161.80% Fibonacci extension . From our analysis at the beginning of the month It looks like scenario 2 has been in play, see below previous analysis from 2nd March 2021. In addition to previous price analysis, the Cryptocurrency 'Super Cycle' is in play as we are just at the brink of global adoption. 2017/18 was the hype era, we cannot continue to set targets based on the price movements during the cycle mainly fuelled by hyper and euphoria, it is now 4 years later and real development has been happening behind the scenes, a lot of people cannot quite comprehend the growth and the different cycle that we are now in as Moore's Law of exponential growth can only give us a hint at the growth that is about to be experienced over the next 4 year cycle. An increased influx of capital injection into this now trillion dollar market will only continue, as Defi takes its hold on current Global financial infrastructure, and yes history repeats itself, We call this the 'Roaring 20s' just like before at the end of WW1, the pandemic has only accelerated the current adoption rate of blockchain technology. As some are already aware, the best time to grow a million dollar portfolio was from 2009 to 2019 just after the housing market crash. The second best time in our lifetime is Now! from 2021 to 2029 after the pandemic market crash. We are still very much Bullish for BTC to reach our EOY Target of $356,000, See below key fundamentals which support our bullish sentiment. *(March 02, 2021 Update) BTC is currently consolidating at 61.80 Fibonacci Level. BTC outlook for the month ahead is still very much bullish . Although the sellers have been in control of the market since soaring to a new ATH on 21/02/21, BTC took a sharp retracement as expected at these new level of resistance as well as a new ATHof$58,792 on the Gemini Exchange. As from historic highs we see a lot of profit taking occurring after 3 weeks of setting new constant highs from the previous low of the last push wave which saw BTC setting a high of $42K and then sharply retracing down to $28,787 where we found the previous resistance and also the beginning of the last phase which saw one of the greatest run of Bitcoin in history, reaching the current ATH of $58,792. With the current push phase now over we find ourselves asking how low can we go from here and when do we expect to break past a new ATH . This outlook is based on 2 possible scenarios which could both play out. We have seen the 50% Fibonacci retracement level respected on the last 2 Push phases which both set new ATHs, the first being $42K and latter, the recent high of $58K. As we have seen a strong retracement over the past 7 days back down to the 50% Fibonacci, it may be time for the BTC Bulls to regain control of the market as the current fundamentals point to the 50%-38.2% Fibonacci level of key resistance as well as a point of accumulation for the BTC whales, more importantly the $39,000 mark when looking left at the previous key resistance before the parabolic move to the $58k ATH . With this in mind, from the current levels we could see the price of BTC sink further before the much expected move which could see BTC testing the previous High of $58k and further pushing to the 127.20% Fibonacci extension level setting a new ATH @ $66,953. Scenario 2 would see the current push towards the ATH continue but may face some resistance, and further consolidation expected around $46k-$49k as they are the key Whale Supports towards the upside, so a further retracement could be in play, possibly testing the 50% Fibonacci level, as well as the 50 SMA , with a bounce confirming an explosive move to the upside which could see BTC easily smash past the 127.20% Fib extension level setting new fresh Highs between $67,000-$78,400+ by mid to late March. Use the buy zone indicated to map out your position as a possible 52% gain is achievable from the Buy zone. Stochastics showing an extremely oversold market condition. Happy Trading :) * Key Supporting Fundamentals for BTC: Strong Interest of Institutional Players A survey of institutional investors and wealth managers who already engage with bitcoin reveals that 85 per cent plan to increase their investment in the cryptocurrency over the next two years. The survey, which was commissioned by Nickel Digital Asset Management (Nickel), a regulated investment manager connecting traditional finance with the digital assets market, also reveals that between now and 2023, 72 per cent expect professional investors in general to invest in bitcoin for the first time or increase their exposure. Current Economic Instability The policy of the US Federal Reserve and the economic instability that has arisen as a result of the unprecedented emission of new dollars may further play a role in the growth of Bitcoin price...10% of the $380 billion stimulus money could be going directly into cryptocurrencies and Bitcoin . Digital Gold Crypto currencies certainly look as if they’re here to stay. It makes a lot of sense to have them in an increasingly digitised world. While bitcoin has a strong tendency to polarise opinion, it has now gained acceptance among some of the world’s largest financial institutions and payments companies. MasterCard, for instance, has said it will begin supporting crypto currencies on its network later this year. PayPal already allows eligible users to buy, sell and hold bitcoin in the US and expects to roll out its service in other territories soon. The Case For Global Adoption and New Reserve Currency Cryptocurrencies promise to help solve problems that are particularly acute in emerging markets (EM). Their governments are often centralized but relatively unreliable, which destabilizes currencies, opens the door to profiteering middlemen, and erodes public trust. Blockchain, the technology behind Bitcoin’s decentralized network, promises to cut out the grasping hands of governments and middlemen, and speed up transactions with more transparency and lower fees. It is offering what many EM customers are desperate for. The Development and Extensions of Blockchain Technology Due to the nature of blockchain technology’s ability to benefit all parties involved in different business operations. Since it was introduced in 2009 through the application of Bitcoin , blockchain technology continues to attract not just the financial institutions of the world, but also other fields and industries in insurance , law, entertainment and the Internet of Things ( IOT ) applications. Several scholars and advocates have also strongly suggested the use of the technology in voting systems globally, medical records and vehicle registrations by the state to further increase efficiency, simultaneously eradicating fraud in many areas. This technology does not only aim to improve conventional business operations but can also empower the greater society out of poverty as 1.7 billion adults in the world remain unbanked. The widespread adoption of a cryptocurrency like bitcoin running on the blockchain would mean that anyone with access to the internet can send and receive value from point A to B without the need of a third party. Although many Banks were very hesitant and in fact spread fear in the markets due to cryptocurrencies being linked to nefarious activities on the dark web. A recent study by Goldman Sachs suggested that the adoption of blockchain technology in facilitating seamless cross border transactions without the worry of fraudulent transactions could save up to $6 billion a year; as the new models currently being developed by the bank would mean inefficient payment and accounting networks would be eradicated.
GEMINI:BTCUSDLong
by CryptocurrencyMagnet