Last Updated: 15 December 2020
Blockchain’s potential for improving the art space is gaining some traction as a recent art sale broke the record for digital art purchases.
Bidding War for Some “Crap”
Late last week, Mike Winkelmann, an artist who goes by the moniker “Beeple,” broke the record for blockchain-based digital art sales after scoring $800,000 at an online auction. The artist, who claims to design “crap,” has been celebrating via social media for the past day.
The artwork, titled “BEEPLE: EVERYDAYS 2020,” is a complete collection of pieces that the artist had made this year. He auctioned the pieces on the Nifty Gateway, a marketplace for non-fungible tokens (NFTs).
Bitcoin Price Prediction: BTC/USD Regains $18,600 and $18,800 Price Levels, Resumes Upside Momentum
Bitcoin (BTC) Price Prediction – December 12, 2020
Today, BTC/USD is struggling to push above the $18,800 high after recovering the $18,600 price level. Traders believe that when these price levels are regained, Bitcoin will resume the upside momentum. The reason for the price movement was because Bitcoin has remained stagnant and calm in the price range between $17,600 and $18,600.
Resistance Levels: $13,000, $14,000, $15,000
Support Levels: $7,000, $6,000, $5,000
BTC/USD – Daily Chart
The recent upward move is not unconnected with the news that MicroStrategy will be purchasing $650 million in the coming weeks and months. Today, Bitcoin has broken above the $18,800 high and approaching the $19,000 price level. On the other hand, Bitcoin dropped to $17,600 low, last week when the U.S dollar appreciated.Meanwhile, Bitcoin has risen to $19,000 at the time of writing. A retest a
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