Pantera Capital Management, a hedge fund with a focus on cryptocurrencies, said in their April newsletter that Bitcoin’s (BTC) price of $6,500 was probably the low for the cryptocurrency. Which is quite a nice deep and downtrend from 20k But if you look over the years the price does tend to spike right before the new years then dip a nice amount. Usually, I don't like trusting TA or all those different type of charts because the news will does impact the market, and no one can predict that. They claim that it is “highly likely” BTC’s price will reach above $20,000 this year, the Wall Street Journal (WSJ) reported Friday, April 13. The market is at 333 Billion so you might see some set off soon since we've been in the green for a while. Bitcoin dominance is at 42.5%! As I stated on another article this is mainly and Altcoin run.

Now, who are Pantera Capital Management? Pantera Capital (est. 2013) is a San Francisco-based investment firm focused on blockchain technologies. In December of last year, CEO of Pantera Capital Dan Morehead predicted that Bitcoin’s price could drop 50 percent before it reached new highs, a prediction whose first part has come true, as BTC dropped below $7000 in February - a 65 percent drop. They also claim that the markets will be much higher and they stated this in April and as of right now everything is looking really good. Earlier this week, several Wall Street players made steps into cryptocurrency as the Rockefeller’s venture capital arm Venrock partnered with crypto investment firm Coinfund. Additionally, a Goldman Sachs executive reportedly left to join Michael Novogratz’s crypto merchant bank, and reports circulated that Soros Management Fund would begin crypto trading. This month could be great for crypto with good news still coming in left and right.

I love a quote that they used, "you can buy something at $7,000 which was $20,000, it’s probably a good trade.” I 100% agree but I'm sure not many of you have enough to buy one full Bitcoin. You could risk it and invest a lot of money for an ICO. Bitcoin Private did really well and I'm disappointed I didn't act on it. I noticed it was around $80 for an all-time high and wanted to get by around $15 and within a few days, it hit $30 a quick 2x would have been nice. I would suggest you try altcoins before investing plenty of money in bitcoin just because they can have a quick return but also riskier.

Some more news that came out which is helping bitcoin jump up is an article was written stating how the Bitcoin is like the internet of the 1980's. Since this is brand new that is a reason why it's so volatile only time will tell. As you know by now blockchain can help change everything so the more ICO's the better. We never know which will be the next huge coin. Lastly, we have Tim Draper who claims bitcoin can hit 250k by 2022. Which will create many rich people.

What do you think about the market? Short term bull run or long term!

Faucets I reccomend/Mining online

Free Dogecoin Free Bitcoin
Moon Dogecoin Moon Bitcoin
Moon Litecoin Moon Dash
Bit Fun
Hashflare
Coinbase

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