The long-term trend line of BTC / USD suggests that it has plenty of capacity to continue working. The world’s most famous cryptocurrency rose to its highest level in nearly a year during Monday’s late U.S. session, trading at over $ 11,000 per coin on Tuesday for Asian sessions as traders continued to follow pastoral behavior.

Bitcoin, another alternative security you can pick up through new sessions, is a great way to deal with unprecedented Federal Reserve monetary easing programs. Still, major cryptocurrencies could function as more tactical bets versus inflation and moderate returns.

Read the latest update to Bitcoin 2021 Price Forecast

Current BTC / USD price: $

Recent changes in the price of bitcoin

Extensive analysis predicts that the price of bitcoin will touch nearly $ 20,000 this year, and will continue to rise to nearly $ 400,000 by 2030. Researchers have also predicted the prices of a number of other major cryptocurrencies, including Bitcoin Cash, ETH Ethereum and LTC Litecoin. In turn, this begs the question: given that $ 11,000 has already been breached, what is likely to be the Bitcoin price forecast?

Bitcoin forecast: Q4 2020	Bitcoin forecast: 1 year	Bitcoin forecast: 3 years
Price: $ 13,875 – $ 17,250  Price drivers : Symmetrical perforation of the triangle, second wave COVID19, enhanced attractiveness of a safe haven in gold (positive correlation).	Price: $ 12,250  Price drivers : Bearish correction, Violated repeat test, taking profits at the end of the year.	Price: $ 20,000 Price drivers: 50 EMA support, ABCD sample completio

BTC / USD – Factors Affecting Bitcoin Prices

 

The price of Bitcoin (BTC) was supported by major stock exchanges, which have fallen significantly since mid-March 2020, following the day of the big drop on March 12th.

According to Glassnode, a market and chain analytical resource, there have been a collective 2.64 million BTCs on the stock exchanges since July 29. Meanwhile, the price of Bitcoin remains on a bullish path, and recently exceeded an annual high of $ 11,400. Let’s talk about predicting Bitcoin from different sources.

Heisenberg Capital founder Max Keizer predicts $ 100,000

Heisenberg Capital founder and Bitcoin pioneer Max Keizer has recently used his twitter account to share his opinions on the $ 100,000 BTC price tag. He started a relatively long thread on his social media account, simply saying:

“$ 28,000 is at stake before we see a retreat – and then we move towards the six-digit.”

This decision began after BTC / USD exceeded $ 10,000 and has been trading bullish for some time. The expert has not fixed any timetable that suggests whether this forecast will come true by the end of 2020.

Interestingly, many people have since pointed out that the fall in greenbacks could be credited for that. Precious metals, gold and silver have also risen in price.

Citibank projects $ 120,000 by 2021. – Here’s why

One of the more interesting forecasts came from the financial institution Citibank,

because it predicted that bitcoin prices would reach $ 120,000 by 2021. Although this analysis is attributed to Citibank, it is not an official source. Anyway, what are the obstacles that Bitcoin needs to fight along the way? The real test for BTC / USD will be $ 13,850, and if it manages to break that, we could see a massive purchase above this level.

In another forecast based on the progress made in 2016, Citibank revealed that related trends were experienced this year. Furthermore, the institution shared the following:

“The initial good resistance was reached from 10,500 to 10,820 dollars. If it discounts, the next good level will be $ 13,850, and above that, $ 19,511. If $ 19,511 were to give way, well, the chart speaks for itself. ”  

According to the “Chart speaks for itself”, Citibank claims that BTC could reach as much as $ 120,846.80, which is a rather princely price forecast for BTC / USD. As a result, traders are adding to the purchase of stores by the leading cryptocurrency Bitcoin, and a sharp rise in demand is very likely to boost its prices fairly quickly.

Panxora projects 7000 BTC / USD by the end of 2020 – here’s why

In an email correspondence between Forbes and the CEO of Panxora, a cryptanalyst firm, Gavin Smith, the latter showed continued instability until the end of 2020. Therefore, it is assumed that the value of BTC / USD could fall to only 7 thousand US dollars. Nevertheless, the next action will be the year of overall maximum (ATH) for the leading cryptocurrency Bitcoin. His logic seems to coincide with the logic of CEO Crypto Quanta, who shared the following:

“A short-term catastrophe [will happen] this year before the real rally takes place [2021.” the global economy is suffering a strong demand shock with the potential to lower bitcoin. ”

S2F (In-Stock Stocks) projects 55,000 BTC / USD by the end of 2020 

The S2F model stands for Inventory Flow Flow Model, and appears to have made a forecast of $ 55,000 based on events in May 2020. The inventor behind S2F stated the following:

“The projected market value for Bitcoin after halving in May 2020 is $ 1 trillion, which means that the price of Bitcoin is $ 55,000,” in addition, “gold and silver, which are different markets, are in line with the values ​​of the bitcoin model for SF . “

Summarizing the S2F mood, the model supports bullish bias in BTC / USD prices.

Precious metal, gold and bitcoin

This week, the price of Bitcoin (BTC) recovered to a 2020 high of $ 11,392, aided by a growing correlation with gold, and currently the monthly correlation of Bitcoin with yellow metal on daily returns is 0.66, according to a CryptoCompare report. The correlation between the two commodities began to rise when gold crossed a record high of $ 1,900, approaching a new high, before retreating alongside Bitcoin.

Given the growing correlation, this represents a shift in the trend, as the relationship between the two has been declining in the past, according to data from the Kraken exchange research team. As a result, previous correlations between Bitcoin and gold have led to an increase in the price of Bitcoin (BTC).

As we all know, the U.S. dollar and global economies continue to face damage from the outcome of the COVID-19 pandemic. As a result, it seems likely that stocks of valuable assets, such as Bitcoin and gold, will continue to be in high demand in the future. The last time there was a slight correlation between Bitcoin and precious metal (around 0.5) was towards the end of 2018. We have already talked about the time when a month earlier, in November 2018, Bitcoin faced a 50% drop, triggered by Bitcoin -cash war.

However, on the one hand, the correlation between gold and Bitcoin has increased, while on the other hand, the correlation of Ether (ETH) with Bitcoin has started to decline at about the same time, and the figure is now 0.56.

US dollar and bitcoin 

The sharp rise in bitcoin could also be attributed to the inflation of the US dollar, fueled by fears of the collapse of the US economy. The failure of the COVID-19 stimulus package and the overheated stock market have prompted traders to invest in the security of hard assets, such as gold, and increasingly Bitcoin.

Moving on, Bitcoin could finally be ready for another big bullish market cycle, as Bitcoin’s supply on the stock exchanges is declining, while at the same time the interest of retailers and institutions seems to be increasing.

Bitcoin and Tether (USDT) inflows from exchange

Stock exchanges suggest that market players are showing greater interest in retaining their Bitcoins in the long run by withdrawing from stock exchanges to directly control their own private keys, according to market analytics firm Arcane Research.

In addition, the recent continuous growth of foreign exchange inflows into Tether (USDT), which reached its highest level since 2020 yesterday, and the total supply, which now stands at almost $ 10 billion, the number of digital dollars waiting by the side to buy BTC is possible more than ever . Therefore, the potential increase in Bitcoin prices in the coming days seems solid.

Technical Analysis – Can we expect a bearish correction in Bitcoin – BTC / USD? 

 

Speaking of the technical side of the market, Bitcoin trades with solid bullish prejudices, jumping to $ 11,306. In the monthly time frame, Bitcoin violated the symmetrical pattern of triangles in the range of $ 9,875. The recent bull candle on the monthly time frame suggests strong prospects for further Bitcoin purchases.

Looking at the long-term forecast for Bitcoin, the leading crypto pair looks like a bull. On the higher side, Bitcoin could find its next resistance within the $ 12,017 range, while a bullish crossover of $ 12,017 could bring Bitcoin prices to $ 13,875. Above that, $ 17,250 is likely to function as the next resistance.

BTC / USD bull swallow, RSI, MACD and 50 EMA – all purchase suggestions

On the monthly chart, the exponential moving average for 50 periods suggests a strong bullish bias, but at the same time suggests a solid chance for a bearish correction, as its value remains at 6,397, far from the current market price of 11,275.

BTC / USD Fibonacci withdrawal

Speaking of the Bitcoin price forecast for mid-2021, we can expect Bitcoin prices to fall to $ 12,250, after bearish corrections, or perhaps to complete 50% Fibonacci retracement. To see a bearish retreat, the double high resistance level of $ 17,174 and the candle closing below this level look solid. We might notice a sales bias below $ 17,170 until previously broken resistance becomes a support level of $ 12,250.

A lot of exciting aspects were donated by some famous experts from the crypto space. Each team seems to have strong arguments in the trade, which makes it even more fascinating to watch what will all take place in late 2020. Those who see the bull event are currently playing a rope with those predicting bear development. Let’s prepare for the second half of the year, carefully monitoring the underlying side of the market to catch any changes in Bitcoin’s sentiments.

Last week, the Canadian dollar cut back and recovered some of its recent losses against the U.S. dollar. The U.S. dollar has been very strong lately, and if we look at last week’s performance, it’s pretty impressive that the Canadian dollar was able to gain about 55 heights against the Buck. This doesn’t seem anything significant, but if we take into account the losses of some other major currencies against the dollar, they should definitely be taken into account. For example, the euro lost about 210 seeds against the US dollar last week, while the Japanese yen returned more than 130 seeds. The pound lost about 215 pips and the Swiss franc about 115 pips.

Oil prices rose moderately last week, likely contributing to the Canadian dollar’s ​​gains. We have very important event risks this week that could move the Canadian dollar, and perhaps market participants have already begun to exchange rates on some more Canadian dollar strengths that could result from next week’s events. We’ll cover all of these events, but before we go there, let’s first look at some technical aspects of USD / CAD:

USD / CAD diagram

If you look closely at this chart, you will notice that the pair traded above the 200-day moving average for a few days, but was unable to achieve traction over this very important technical indicator. On Friday, the pair closed firmly below the moving average again, and also below my favorite short-term moving average, the 20-day exponential moving average. This company, which closes under 20-EMA, conveys the idea that it would probably take a lot of buying power from the bulls to gain dominance again in the short term. With that in mind, it seems that the path of least resistance can be really disadvantageous when we look at the coming week. Let’s look at a USD / CAD hourly chart:

USD / CAD hourly chart

It’s easy to see the declining momentum on this short-term chart. Let’s look at the same chart, showing only the 20-EMA:

USD / CAD hourly chart

Here, 20-EMA has become resistance, and the price has been rejected several times over the past two trading days. Notice what great opportunities these redemptions for 20-EMA offered to sell the pair. I like such retracement because they most likely offer trading options and can be traded with fairly tight stop losses.

On Wednesday, the BOC (Bank of Canada) interest rate decision and monetary policy report is at 14:00 (GMT). At 12:30 p.m. (GMT) on Friday, there are Canadian retail sales and CPI (consumer price index) figures. Market participants will monitor these developments, but in particular the interest rate decision and the monetary policy report. This may give you some tips on how well the Canadian economy is doing and what to expect in terms of future interest rates. BOC is expected to keep its interest rate unchanged at 0.5%. I am sure the Canadian economy is feeling relief from the recent rise in oil prices. Keep in mind that Canada is a very large oil producer, and low oil prices can really hurt the Canadian economy. Let’s look at an oil chart:

Weekly graph of American oil

This is called the inverse head and shoulder pattern, which is the reverse pattern. The idea is that breaking the neckline would trigger the pattern, which would mean that the price of oil could rise even further. The Canadian dollar is closely related to the price of oil, and an increase in this hard commodity would certainly support the Canadian dollar.

Traders who are interested in participating in short positions in USD / CAD should wait until the price first forms a retracement. If we look at the recent downturn in a time frame as small as an hourly chart, it is clear that this recent downward move has been slightly prolonged. I don’t like to sell a financial instrument if its price is far below 20-EMA as it is currently on USD / CAD (hourly chart).

 

Beauty is frequently defined as a subjective quality of things which makes these things aesthetically enjoyable to see. These things include sunsets, landscapes, humans and beautiful works of art. Beauty, along with beauty and art, is currently the most popular subject of aesthetics, among the major branches of fine art. It also covers a wide range of other areas of human life from food and beauty to politics, war, and religious beliefs. Many different theories have been postulated in order to explain the beauty that we observe around us.

The theories on beauty proposed so far have all started from a single source, namely, aesthetics. It was in the late 19th century that the real start was made when a French doctor, Camille Descartes, put forth the idea that beauty can be found through the process of choosing the most beautiful object. His notion that beauty can be found by a person by looking at things around him is called aesthetic sense. From this source, aesthetic concepts about beauty began to take shape.

Later philosophers like Immanuel Kant (1799-1855) and Leo Tolstoy (1800-1947) picked up the torch and contributed to the expanding field of aesthetics. Their ideas about how aesthetic judgments are formed helped to solidify the definition of beauty, giving it a more definite and scientific definition. In the modern era, however, the term ‘appearance’ became associated with beauty in its widest sense, including aesthetic appreciation of certain forms of beauty as determined by others. Modern aesthetics is a philosophical study of how beauty relates to the other components of a person’s personality.

Beauty is a highly individual concept; there is no universally accepted definition for beauty. The definition of beauty varies significantly among cultures and societies, even within the human mind itself. According to some philosophers, beauty consists of a mental state such as mental illness, whereas others think that beauty is primarily subjective, arising from a person’s personal preference of facial attributes.

Modern aesthetic experiences tend to focus on defining and enhancing the aesthetic experience rather than simply describing it. However, most people agree on three universal aspects of beauty that should be highly appreciated: attractiveness, proportion and cleanliness. Aesthetics are usually studied in art classes, but they are also an important part of everyday life. Cleanliness and health are essential aspects of good physical appearance, which is one factor that cannot be denied in contemporary aesthetic practices. It is this philosophy of beauty that underpins the work of some of the greatest modern artists, such as Paul Gauguin and Pablo Picasso.

Our modern aesthetic experiences are deeply influenced by beauty rituals that have been practiced for centuries. Beauty rituals such as facial painting, hair dyeing, body sculpting and makeup application have been seen as important parts of a person’s social life. We associate beauty with our status in society, and beauty is seen as the primary motivator of many classic songs. Modern aesthetics continues to influence our ideas about beauty in many ways, including how we deal with skin disease.