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Bitcoin price prediction: Why it will drop to $25k then rally to $100k

Strategic Wealth Partners' Luke Lloyd told Insider he sees a massive correction ahead for bitcoin.
Lloyd said regulation fears will be the catalyst for a fall all the way to $24,000.
But he said he thinks its price will recover and surge to $100,000 by the end of the year.
Luke Lloyd is an outspoken bitcoin bull when it comes to his long-term outlook.
So it might have come as head-scratching news to some when the investment strategist and wealth advisor at Strategic Wealth Partners said on Fox Business' Varney & Co. that he'd cashed out of the cryptocurrency when it hit $40,000 for the first time in January.

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US stocks slide from record highs as traders digest blowout retail-sales report

US stocks slide from record highs as traders digest blowout retail-sales report
Emily GraffeoFeb 17, 2021, 20:47 IST
REUTERS/Brendan McDermid
US retail sales surged 5.3% in January, the most in seven months.
Bitcoin rose to a new high above $51,700 while
oil prices remained elevated.
US stocks pulled back from record highs Wednesday morning as investors weighed whether strong retail sales indicate a positive economic recovery or a signal that could dampen congressional urgency around passing the next stimulus bill.US retail sales soared in January by the most in seven months. Sales grew 5.3% in January, the Census Bureau said Wednesday. Economists surveyed by Bloomberg expected spending to climb by 1%. The reading snaps a three-month streak of contracting sales and follows a revised 1% decline in December. The single-month expansion is also the largest since June.

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Bitcoin has now replaced tech stocks as the most crowded trade, according to a BofA fund manager survey

Bitcoin is the most crowded trade, according to a Bank of America fund manager survey. The cryptocurrency is dethroning tech stocks, which have held the most

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Bitcoin price news: BTC and ETH show bull run in latest crypto price news | City & Business | Finance

| UPDATED: 18:10, Wed, Jan 20, 2021
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Bitcoin prices peaked above £27,100 ($37,000) earlier today (January 20) after a recent downturn in the market. BTC is down more than $3,660 ($5,000) after it shot past ($40,000) on January 8 but market analysts believe the crypto is still showing signs of positive movement. As of 4.50pm on Wednesday, the token is trading for £25,261.66 ($34,489.50), according to Coindesk data.

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Bitcoin slides back below $35,000 as volatile trading week comes to a close

Bitcoin slid on Friday as investors took profits from the volatile trading week. The cryptocurrency fell as much as 11%, to $34,409.04, at intraday lows. The

Craig-erlam , Oanda-europe , Mark-cuban , Christine-lagarde , Jeff-gundlach , European-central-bank , Rabobank , Central-bank , Wall-street , Relative-strength-index , Markets , Crypto-currency

Billionaire 'Bond King' Jeff Gundlach says bitcoin appears to be in 'bubble territory'

Billionaire 'Bond King' Jeff Gundlach says bitcoin appears to be in 'bubble territory'
Emily GraffeoJan 12, 2021, 02:47 IST
FILE PHOTO: Jeffrey Gundlach, Chief Executive Officer, DoubleLine Capital, speaks at the Sohn Investment Conference in New YorkReuters
on Monday
bitcoin hit "bubble territory" once it passed $23,000, and he doesn't feel comfortable with the coin's current levels.
"I don't like bitcoin here, I don't like things that are up on a stilt like that," the DoubleLine Capital founder said of the coin that rallied nearly 300% in 2020. He added that he's "neutral" on bitcoin.
Bitcoin fell as much as 13% on Monday to $30,558.
It's lost over $10,000 in value since hitting a record above $41,000 last week, but the coin is still up nearly 89% in the last month.

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Bitcoin is irrelevant to financial markets and investors 'are going to weep' if regulators come down hard on crypto, says Kevin O'Leary

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Bitcoin is irrelevant to financial markets and investors 'are going to weep' if regulators come down hard on crypto, says Kevin O'Leary
Bitcoin is irrelevant to financial markets and investors 'are going to weep' if regulators come down hard on crypto, says Kevin O'Leary
Emily GraffeoDec 27, 2020, 20:29 IST
"Shark Tank"/ABC
bitcoin is irrelevant to financial
markets and at risk of regulation.
His comments come as an increasing number of institutions like Guggenheim and SkyBridge capital invest millions into the cryptocurrency, driving a rally of over 200% in 2020.
"I'm waiting for the day that one of these regulators comes down hard on bitcoin. Grown men are going to weep when that happens. You'll never see a loss of capital like that ever in your life. It will be brutal," he said.

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