Billionaires Who Made Their Fortunes Early On in the ‘Crypto Game’
October 7, 2021Stock Buybacks: A Major Reason For The Market’s Rise?
October 7, 2021
In this edition, we discuss where the top players in crypto expect the bitcoin price to land as the bull market returns.But as the pioneer crypto steals the show and capital flows back to the king, where does this leave altcoins, decentralised finance, and yield-bearing crypto products?Let’s dig in.PlanB — the chart analyst behind the stock-to-flow model says Bitcoin could reach $288,000 or more this cycle. The analyst has over 25 years of experience in institutional investing.Check out the full article here!The Bull market is BackThe bull market is back. Bitcoin extended its rally to the top of the wedge ($52,000) and then some during Wednesday trading. The new local high of $55,300 cements the trend reversal in the broader cryptocurrency market, with prices being only 17.5% away from all-time highs.At the time of writing, prices are above all key moving averages and indicators with virtually no overhead resistance except for the $55,000 — $57,000 region. If BTC/USD starts to lose $49,000 on a closing daily basis, then it will be time to revisit the High time frame picture. Until then, the Q4 outlook is clearly forward-looking.Aside from that, there isn’t much to talk about with regards to prices that haven’t been said already.Notably, Bitcoin has taken the limelight from altcoins during this upthrust. In fact, BTC.D has surged 6.4% since prices bounced from $46,800 on October 4th.Capital flows are funnelling into Bitcoin, and it would not be surprising to eventually hear rumors of central banks adopting BTC as collateral once the ongoing monetary crisis reaches its apex. El Salvador has rattled the cages, and it would be naive to think that this is the end rather than the beginning of a trend among countries. But I digress.Normally, BTC/USD tends to print new all-time highs before money circulates back into…
