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Bitcoin is the New Gold Says the Man Who Predicted this Current Price in 2019

Ronnie Moas predicted the current Bitcoin Price two years ago for investors. Read what he is predicting for the next two years.

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Cryptocurrency Analyst Pegs Bitcoin at $84K by End of Year

Cryptocurrency Analyst Pegs Bitcoin at $84K by End of Year
twst.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from twst.com Daily Mail and Mail on Sunday newspapers.

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Bitcoin price is 3–4 weeks away from new $24K–$29K range, market analyst warns

Bitcoin price is 3–4 weeks away from new $24K–$29K range, market analyst warns
cointelegraph.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cointelegraph.com Daily Mail and Mail on Sunday newspapers.

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Correction Anticipated as Bitcoin Runs Past $51,700 in Parabolic Rally


Correction Anticipated as Bitcoin Runs Past $51,700 in Parabolic Rally
Reading Time: 2min read
Another day, another all-time high for Bitcoin.
The benchmark cryptocurrency continued its upside trend heading into the European session Wednesday as its price jumped above $51,700 for the first time in history. Meanwhile, its market capitalization surged to over $960 billion, just 3 percent shy of hitting $1 trillion.
“We should hit $2 trillion this year,” said Ronnie Moas, the founder of Standpoint Research, after the rally. “The 2021 price target is $112,000.”
Fundamentally-Driven Bitcoin Boom
Traders increased their bids in the cryptocurrency market after Nasdaq-listed software intelligence firm MicroStrategy announced that it plans to buy $600 million worth of bitcoins by raising funds via a debt sale. It already holds more than 70,000 BTC in its reserves, whose current worth is a little over $3.5 billion.

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GameStop Stock Soars as Short Sellers Take a Hit


Short sellers of
GameStop
stock just got squeezed. Shares of the videogame retailer spiked nearly 94% on Wednesday, though the gain shrank to about 57% through the market’s close.
In an email to
Barron’s, S3 Partners’ Ihor Dusaniwsky pointed to optimism following news on Monday that Chewy co-founder Ryan Cohen and two other former Chewy executives were joining GameStop’s (ticker: GME) board of directors. That, paired with holiday sales results, appeared to trigger “a long buying tsunami,” according to Dusaniwsky
Barron’s recently noted, citing short-selling data from S3 Partners, that the stock appeared to be primed for a short squeeze, when demand for a stock briefly rises as investors rush to cover bets that the price will fall. Investors have been betting against GameStop stock, given industry trends like the growth of free-to-play online games. Consumers’ growing tendency to buy games online, rather than shopping for copies at stores, has left the company’s physical disc business in an awkward spot.

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