Bitcoin Giving Strong Bullish Signals, Markets to Roar Higher into Next Year

Bitcoin fundamentals are uptrending as Sept. and the third quarter comes to an end. Next year “we are once again off to the races.”

Today, Bitcoin is on the move, aiming for $11,000, currently trading around $10,915.

Adding to this bullishness is all the dry powder. $20 billion worth of fiat is sitting on the sidelines in stablecoins, which has doubled since May.

https://bitcoinexchangeguide.com/bitcoin-re-entering-the-intense-historical-trading-area-following-a-strong-uptrend/
Source: Coinmetrics

Moreover, Bitcoin Difficulty Ribbon Compression is trending up, breaking out of the green buy zone for the first time since the March sell-off.

“Historically, these have been periods characterized by a positive momentum indicating significant BTC price increases,” noted Glassnode.

Not to mention the number of daily active addresses that have been growing strongly this year, with the 180-day average just surpassing its previous ATH.

Meanwhile, in other markets…

While bitcoin started seeing positive moves last week, gold continued down only to make some moves today at 1,871, which is the exact opposite of the US dollar.

The greenback started uptrending right from the beginning of last week, going from 92.75 to today’s 94.74 last seen in late July before it started sliding down. Still, it is holding onto the 94 level.

When it comes to the stock market, it has recorded four straight weeks of declines on the back of a stronger dollar, which is putting pressure on the prices of many assets.

Today, the stock market is also trying to start the week on a green note, opening higher, but it’s to be seen if it will be able to catch up.

Get Ready for the upcoming mania

While Bitcoin (-6.56%), Gold (-4.79%), SPX (-5.77%), USD (-0.62%), and WTI (-7.86%) all are looking to end September on a red note, the next quarter is expected to bring back the greens.

Unlike September and quarter 3, the next quarter has historically been of the green ones. However, for a brief period of time, the US Presidential election will keep the markets uncertain with the major event this week involving the presidential election debate on Tuesday and a vote in the House of Representatives for a second round of pandemic stimulus before the House goes into recess on Friday.

But moving into 2021, things are expected to be even better.

“Impossible to be bearish when we are coming out of the biggest recession in history. The world economy will roar in 2021. Once the uncertainty driven by the US elections is behind us, we are once again off to the races,” said trader and economist Alex Kruger.

According to him, the governments will “overcompensate with ever-increasing fiscal and monetary policy stimulus.”

This means the continuation of a trend that started in April 2020 not only for the stocks but also for crypto, precious metals, the real economy, and others, he said.

The key issue is with the day long term interest rates when they “start rising fast, that's when we have a major problem.”

Bitcoin (BTC) Live Price

1 BTC/USD =12,896.1545 change ~ -1.80

Coin Market Cap

238.9 Billion

24 Hour Volume

30.36 Billion

24 Hour Change

-1.80

Get Free Email Updates!

*Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

AnTy
AnTy
AnTy has been involved in the crypto space full-time for over two years now. Before her blockchain beginnings, she worked with the NGO, Doctor Without Borders as a fundraiser and since then exploring, reading, and creating for different industry segments.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

LEAVE A REPLY

Please enter your comment!
Please enter your name here

3,511FansLike
2,795FollowersFollow
4,269FollowersFollow

Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

PoolTogether's ‘No Loss' Gambling Platform Utilizes Chainlink’s VRF on Ethereum to Select Winners

Chainlink announces its verifiable random function on the Ethereum mainnet, bringing a host of benefits to the decentralized platform. PoolTogether, a gamified savings platform...

Digital Assets Beat Traditional Assets by a Wide Margin & Ethereum Outperforms Bitcoin

In 2020 to date, Bitcoin has seen a positive performance of 80% and Ethereum 217%. With these gains, digital currencies are leading this year, with...

Filecoin Miners Will Receive 25% Of The FIL Rewards Immediately After A Successful Network Upgrade

Filecoin (FIL) miners set to receive 25% of their rewards instantly for miners that successfully activated the FIP-004 protocol at block number #170,000. Given...

PayPal Exploring Acquiring Crypto Companies, Already in Talks with Bitcoin Custodian BitGo

PayPal is now exploring acquisitions of crypto companies, including bitcoin custodian BitGo, reported Bloomberg. This week, Paypal announcing support, buy, sell, and hold for cryptos...

Bitcoin Is Having A “Sell-Side Liquidity Crisis,” As BTC Buyers Outweigh the Sellers

After an explosive start of the week that took us to a 13-months high of $13,300, Bitcoin is taking a breather just under $13,000. Interestingly,...

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.

Start Using Crypto Today