Bitcoin news

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People Are Saying Bitcoin Has Bottomed--New Price Data Suggests They Might Be Right
Bitcoin, trapped in a long-running bear market seemingly without end, could be about to turn a corner according to a bevy bullish comments from those in the techand crypto industry—and new data that suggests the bitcoin price could be poised to move higher.

The bitcoin price, having peaked at almost $20,000 per bitcoin back in December 2017, has lost some 80% of its value and is currently wallowing under $4,000 per bitcoin, despite repeated attempts to break that psychological barrier.
Now, on top of calls the bitcoin price may have bottomed and the bitter so-called crypto winter could be coming to an end, technical data shows a new bull run could begin this year with bitcoin’s 50-week moving average dropping below the 100-week moving average for the first time since April 2015.
Bitcoin bulls have been out in force over the last few weeks, talking up developments in the bitcoin space and making bold predictions about how high the bitcoin price could eventually go.

Last week, the vice president of blockchain and digital currencies for IBM, Jesse Lund, said that he expects each bitcoin to be worth over $5,000 before the end of the year and eventually be worth over $1 million.

Lund, speaking to Finder, said he likes $1 million per bitcoin scenario as it means one satoshi (0.00000001 bitcoin) is on value parity with the U.S. penny.

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