Biden’s new budget could not only lead to a long-term debt hangover, but could also fuel rising inflation.
#Bitcoin acts as an inflation hedge against currencies like the dollar.
Although nothing is sure now but if this happens there will be bright future for #BTC.
President Biden's new budget includes long-term deficit spending. Americans are more open to that than they have been in decades, writes @davidzmorris.
https://t.co/OwX9LVJMe5
Short term #bitcoin price prediction
#btc price reached $35,000, now there is room to reverse the action and reach the $38000 resistance which if breaks next prices to see will be $40,000 and $42,000.
But if sellers break the $43,000 support drop to $30,000 is possible.
#Ethereum Price analysis
$2400 support plays key role which if breaks #eth will drop to $2000 and then to $1700. This is based on down sloping moving averages.
This price prediction is denied if #ETH manages to get upslope on $2800 EMA20.
#cryptocurrency#blockchain#alt
Actual #bitcoin price is at the lower bound of S2F model. Am I worried? No. Lower band is ~/2, upper band ~*2:
- upper band: $120k
- model price: $60k
- lower band: $30k
It is not OK if we stay at $32K for multiple months, but I expect BTC price to bounce back next days/weeks.
#bitcoin oscilates in the dark blue band around S2F model value. Buying opportunities like today are rare (Q1 2019 when I wrote the S2F article, March 2020 due to covid, and now). Life is all about choices.
Not limited to just tokens, #Polkadot’s multi-chain functionality enables the cross-chain transfer of any data or asset types, helping to establish a wide range of interoperability between separate #blockchain networks.
#Dot#market#cryptocurrency#cryptonews