According to a cryptocurrency trader known as “Crypto Rand,” a technical indicator suggests the bitcoin price is en route to achieving $6,000 in the near-term.
Since January, in less than four months, the valuation of the crypto market is up around $52 billion from $125 billion with the bitcoin price comfortably hovering above the $5,300 mark.
The average fees required to send a bitcoin transaction are up again.
Over the past 24 hours, the bitcoin price briefly surpassed the $5,300 mark in a short-term spike but retraced back to the $5,200 region.
Bitcoin investors are ready to call $3,100-area a bottom as the cryptocurrency continues its upward trend.
Taking a breather from making $1 million Bitcoin forecasts, it appears that John McAfee has a new narrative to pursue.
Mainstream media isn’t known for its accurate, in-depth, or optimistic coverage of Bitcoin (BTC) and cryptocurrencies at large.
Afghanistan and Tunisia are planning to issue sovereign bonds in bitcoin to fund infrastructural developments, reported Asia Times from IMF’s Springs Meetings summit.
Brazil, the largest Latin American economy, broke a new record when Brazilian exchanges traded over 100 thousand bitcoin within 24 hours.
It is impossible for the bitcoin price to stay below $1 million by the year 2020, said John McAfee.
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