Close Menu
    X (Twitter)
    Blockchain Journal
    • News
      • Blockchain News
      • Bitcoin News
      • Ethereum News
      • NFT
      • DeFi News
      • Polkadot News
      • Chainlink News
      • Ripple News
      • Cardano News
      • EOS News
      • Litecoin News
      • Monero News
      • Stellar News
      • Tron News
      • Press Releases
      • Opinion
      • Sponsored
    • Price Analisys
    • Learn Crypto
    • Contact
    • bandera
    Facebook X (Twitter) Instagram
    Blockchain Journal
    Home » Factors indicating a long-term increase in the rate of Bitcoin

    Factors indicating a long-term increase in the rate of Bitcoin

    0
    By BlockchainJournal on August 25, 2019 News
    Share
    Facebook Twitter LinkedIn Pinterest Email

    The cryptocurrency market has been extremely volatile in recent days, but today the most important coins are traded in different directions. Rising to $ 10,400 last night, Bitcoin is currently valued at $ 10,070.

    Nevertheless, another positive forecast for BTC is due to the technical indicator.

    GTI Vera Bands indicator shows good signs

    This indicator measures upward and downward trends, identifying price patterns, and indicates a surge in BTC . The previous four times, when the BTC fell below the corridor, a rally followed.

    According to Bloomberg Intelligence analyst Mike McGlone, there are many problems in the global economy that could lead to BTC growth in the long run.

    Factors that increase the price of BTC in the long run

    McGlone believes that BTC is now consolidating after rapid growth to $ 14,000.

    “I don’t think the price will go back. Recently, BTC rose to $ 14,000 and rebounded to $ 9,000. This is a common recovery from the big bear market in 2018. Bitcoin is moving too fast, adding about 200% per year , ”said McGlone.

    In addition, he added that “Bloomberg Galaxy Crypto Index has grown by only 60%. Bitcoin breaks further, moving forward and backward. ”

    Facebook Libra and Binance Plans Support BTC

    According to the analyst, Libra and Binance plans to create their own stablecoin contribute to the stability of BTC as an independent storage of value.

    “Every time I hear about a new stablecoin getting ready for launch, for me it is a sign of future inequality with bitcoin. They make Bitcoin even more like digital gold and emphasize its uniqueness. ”

    Publication date 08/25/2019
    Share this material on social networks and leave your opinion in the comments below.


    Binance Bitcoin Bloomberg BTC Economy Facebook Featured Libra Trends
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    BlockchainJournal

    Related Posts

    SharpLink Gaming Revolutionizes the Market by Tokenizing Its Equity on the Ethereum Network

    September 25, 20253 Mins Read

    Plasma’s XPL Token Bursts onto the Market with a Capitalization Exceeding $2.4B

    September 25, 20253 Mins Read

    Japan Doubles Its Crypto Market Thanks to Tax and Regulatory Reforms, New Report Finds

    September 24, 20252 Mins Read

    Gate Launchpad listed Plasma (XPL) with dual interest in GUSD

    September 23, 20252 Mins Read

    Ethena partners with Flowdesk as USDe reaches $14 billion amid a boom for synthetic dollars

    September 19, 20253 Mins Read

    WLFI records uptick after 99.8% vote to buy and burn tokens with 100% of treasury fees

    September 19, 20253 Mins Read

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    © 2025 Blockchain Journal

    Type above and press Enter to search. Press Esc to cancel.

    We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.