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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Bitcoin, BTC to USD, rallied by 4.34% on Tuesday. Following on from a 0.18% gain on Monday, Bitcoin ended the day at $13,626.0. It was a bullish start to the day. Bitcoin rallied from an early morning intraday low $13,054.0 to a late intraday high $13,769.0. Bitcoin broke through the first major resistance level at $13,275 and the second major resistance level at $13,491. A pullback in the final hour, however, saw Bitcoin wrap up the day at sub-$13,700 levels. The near-term bullish trend remained intact, supported by the latest move through to $13,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $6,400 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was a mixed day on Tuesday. Cardano’s ADA (-0.56%) and Polkadot (-4.72%) bucked the trend on the day. It was a bullish day for the rest of the majors. Ethereum led the way, rallying by 3.22%. Binance Coin (+1.38%), Bitcoin Cash ABC (+1.33%), Chainlink (+1.97%), Crypto.com Coin (+2.49%), Litecoin (+2.20%), and Ripple’s XRP (+1.72%) also found strong support. Bitcoin Cash SV trailed with a 0.26% gain. In current the week, the crypto total fell to a Monday $378.22bn low before rising to a Tuesday $410,2bn high. At the time of writing, the total market cap stood at $403.43bn. Bitcoin’s dominance fell to a Monday low of 61.54% before rising to a Wednesday 63.08% high. At the time of writing, Bitcoin’s dominance stood at 63.04%. This Morning At the time of writing, Bitcoin was up by 0.67% to $13,717.0. A mixed start to the day saw Bitcoin fall to an early morning low $13,593.0 before rising to a high $13,718.0. Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was a mixed start to the day. Ripple’s XRP was down by 0.27% to buck the trend early on. Elsewhere it was a bullish start to the day. At the time of writing, Chainlink was up by 1.00% to lead the way. For the Bitcoin Day Ahead Bitcoin would need to avoid a fall through the pivot level at $13,483 to bring the first major resistance level at $13,912 into play. Story continues Support from the broader market would be needed, however, for Bitcoin to break out from Tuesday’s high $13,769.0. Barring an extended crypto rally, the first major resistance level would likely cap any upside. In the event of another crypto breakout, Bitcoin could test resistance at $14,500 before any pullback. The second major resistance level sits at $14,198. Failure to avoid a fall through the $13,483 pivot would bring the first major support level at $13,197 into play. Barring an extended crypto sell-off, Bitcoin should steer well clear of sub-$13,000 levels. The second major support level sits at $12,768. This article was originally posted on FX Empire More From FXEMPIRE: EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – October 28th, 2020 European Equities: Futures Point to the Red, with COVID-19 and U.S Politics in Focus Gold Price Futures (GC) Technical Analysis – Strengthens Over $1917.40, Weakens Under $1889.70 Amazon Stuck In Neutral Ahead Of Earnings US Stock Market Overview – Stock Close Mixed as Nasdaq and S&P 500 Diverge Crude Oil Price Update – Strengthens Over $39.42, Weakens Under $38.83', 'Bitcoin, BTC to USD, rallied by 4.34% on Tuesday. Following on from a 0.18% gain on Monday, Bitcoin ended the day at $13,626.0.\nIt was a bullish start to the day. Bitcoin rallied from an early morning intraday low $13,054.0 to a late intraday high $13,769.0.\nBitcoin broke through the first major resistance level at $13,275 and the second major resistance level at $13,491.\nA pullback in the final hour, however, saw Bitcoin wrap up the day at sub-$13,700 levels.\nThe near-term bullish trend remained intact, supported by the latest move through to $13,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $6,400 to form a near-term bearish trend.\nAcross the rest of the majors, it was a mixed day on Tuesday.\nCardano’s ADA (-0.56%) and Polkadot (-4.72%) bucked the trend on the day.\nIt was a bullish day for the rest of the majors.\nEthereum led the way, rallying by 3.22%.\nBinance Coin (+1.38%), Bitcoin Cash ABC (+1.33%), Chainlink (+1.97%), Crypto.com Coin (+2.49%), Litecoin (+2.20%), and Ripple’s XRP (+1.72%) also found strong support.\nBitcoin Cash SV trailed with a 0.26% gain.\nIn current the week, the crypto total fell to a Monday $378.22bn low before rising to a Tuesday $410,2bn high. At the time of writing, the total market cap stood at $403.43bn.\nBitcoin’s dominance fell to a Monday low of 61.54% before rising to a Wednesday 63.08% high. At the time of writing, Bitcoin’s dominance stood at 63.04%.\nAt the time of writing, Bitcoin was up by 0.67% to $13,717.0. A mixed start to the day saw Bitcoin fall to an early morning low $13,593.0 before rising to a high $13,718.0.\nBitcoin left the major support and resistance levels untested early on.\nElsewhere, it was a mixed start to the day. Ripple’s XRP was down by 0.27% to buck the trend early on.\nElsewhere it was a bullish start to the day.\nAt the time of writing, Chainlink was up by 1.00% to lead the way.\nBitcoin would need to avoid a fall through the pivot level at $13,483 to bring the first major resistance level at $13,912 into play.\nSupport from the broader market would be needed, however, for Bitcoin to break out from Tuesday’s high $13,769.0.\nBarring an extended crypto rally, the first major resistance level would likely cap any upside.\nIn the event of another crypto breakout, Bitcoin could test resistance at $14,500 before any pullback. The second major resistance level sits at $14,198.\nFailure to avoid a fall through the $13,483 pivot would bring the first major support level at $13,197 into play.\nBarring an extended crypto sell-off, Bitcoin should steer well clear of sub-$13,000 levels. The second major support level sits at $12,768.\nThisarticlewas originally posted on FX Empire\n• EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – October 28th, 2020\n• European Equities: Futures Point to the Red, with COVID-19 and U.S Politics in Focus\n• Gold Price Futures (GC) Technical Analysis – Strengthens Over $1917.40, Weakens Under $1889.70\n• Amazon Stuck In Neutral Ahead Of Earnings\n• US Stock Market Overview – Stock Close Mixed as Nasdaq and S&P 500 Diverge\n• Crude Oil Price Update – Strengthens Over $39.42, Weakens Under $38.83', 'JPMorgan Chase & Co\'s(NYSE:JPM) cryptocurrency "JPM Coin" is now live for commercial use, Takis Georgakopoulos, the bank’s global head of wholesale paymentstold CNBC.\nWhat Happened:The New York-based bank’s digital currency was used\xa0this week to send international payments commercially for the first time ever\xa0by a large technology client,\xa0Georgakopoulos said.\nThe JPMorgan executive didn\'t name the\xa0large international technology company\xa0but said other clients are also coming on board.\nThe Jamie Dimon-led bank is also creating a new business unit, Onyx, with more than 100 staff members to deal with blockchain and digital currency. Umar Farooq has reportedly been named the new CEO Of Onyx.\nWhy It Matters:JPMorgan is one of the largest participants in cross-border payments and moves more than $6 trillion a day across 100 countries, noted CNBC.\nGeorgakopoulos said that the lender is focused on easing wholesale payments, which could save hundreds of millions of dollars if a better solution was deployed.\nOnyx will also focus on using the blockchain to process paper checks, which can save up to 75% of the total costs involved, Farooq told CNBC — adding that the project is still months away from commercial launch.\nThis month,Paypal Holdings Inc(NASDAQ:PYPL) said it would allow its users tobuy, sell and holdcryptocurrencies including Bitcoin and Ethereum, spurring a flurry of activity in cryptocurrency markets.\nPrice Action:JPMorgan shares closed nearly 1.9% lower at $99.33 on Tuesday and fell 0.33% in the after-hours session.\nRelated Link:\'Caged Bull\' Bitcoin Crosses The K \'Breakout\' Mark\nSee more from Benzinga\n• Click here for options trades from Benzinga\n• Wells Fargo Fires Up To 125 Workers Over Fraudulently Tapping Coronavirus Relief Loans: Report\n© 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.', 'JPMorgan Chase & Co\'s (NYSE: JPM ) cryptocurrency "JPM Coin" is now live for commercial use, Takis Georgakopoulos, the bank’s global head of wholesale payments told CNBC. What Happened: The New York-based bank’s digital currency was used\xa0this week to send international payments commercially for the first time ever\xa0by a large technology client,\xa0Georgakopoulos said. The JPMorgan executive didn\'t name the\xa0large international technology company\xa0but said other clients are also coming on board. The Jamie Dimon-led bank is also creating a new business unit, Onyx, with more than 100 staff members to deal with blockchain and digital currency. Umar Farooq has reportedly been named the new CEO Of Onyx. Why It Matters: JPMorgan is one of the largest participants in cross-border payments and moves more than $6 trillion a day across 100 countries, noted CNBC. Georgakopoulos said that the lender is focused on easing wholesale payments, which could save hundreds of millions of dollars if a better solution was deployed. Onyx will also focus on using the blockchain to process paper checks, which can save up to 75% of the total costs involved, Farooq told CNBC — adding that the project is still months away from commercial launch. This month, Paypal Holdings Inc (NASDAQ: PYPL ) said it would allow its users to buy, sell and hold cryptocurrencies including Bitcoin and Ethereum, spurring a flurry of activity in cryptocurrency markets. Price Action: JPMorgan shares closed nearly 1.9% lower at $99.33 on Tuesday and fell 0.33% in the after-hours session. Related Link: \'Caged Bull\' Bitcoin Crosses The K \'Breakout\' Mark See more from Benzinga Click
**Last 60 Days of Bitcoin's Closing Prices:**
[11506.87, 11711.51, 11680.82, 11970.48, 11414.03, 10245.30, 10511.81, 10169.57, 10280.35, 10369.56, 10131.52, 10242.35, 10363.14, 10400.92, 10442.17, 10323.76, 10680.84, 10796.95, 10974.91, 10948.99, 10944.59, 11094.35, 10938.27, 10462.26, 10538.46, 10246.19, 10760.07, 10692.72, 10750.72, 10775.27, 10709.65, 10844.64, 10784.49, 10619.45, 10575.97, 10549.33, 10669.58, 10793.34, 10604.41, 10668.97, 10915.69, 11064.46, 11296.36, 11384.18, 11555.36, 11425.90, 11429.51, 11495.35, 11322.12, 11358.10, 11483.36, 11742.04, 11916.33, 12823.69, 12965.89, 12931.54, 13108.06, 13031.17, 13075.25, 13654.22]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2020-10-28
**Financial & Commodity Data:**
- Gold Closing Price: $1876.20
- Crude Oil Closing Price: $37.39
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $241,012,544,656
- Hash Rate: 99407296.41582084
- Transaction Count: 261340.0
- Unique Addresses: 615001.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.70
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Open for daily subscriptions to accredited investors
Toronto, Sept. 03, 2020 (GLOBE NEWSWIRE) -- (TSX: QBTC.U) 3iQ Corp. (3iQ” is pleased to announce that The Bitcoin Fund has completed a round of private placements of 241,320 units approved by the Toronto Stock Exchange (TSX). The Bitcoin Fund is currently open for daily subscriptions to accredited investors. Following a four-month holding period, investors in the private placement may elect to sell their shares on the TSX under the ticker symbol: QBTC.U.
The Bitcoin Fund’s investment objectives are to provide holders of units with:(a) exposure to bitcoin priced in U.S. dollars, and(b) the opportunity for long-term capital appreciation.
The Bitcoin Fund will acquire assets from reputable bitcoin trading platforms and OTC counterparties, in order to provide investors with a convenient, secure alternative to a direct investment in bitcoin. Gemini, a trust company licensed by the New York State Department of Financial Services, will act as sub-custodian of the Fund's assets. We believe an investment in bitcoin will provide investors with a low-correlated asset class which will complement traditional investment strategies.
3iQ is the investment fund manager and portfolio manager of The Bitcoin Fund. For further information regarding the Fund, please visit www.3iq.ca or email Fred Pye, President and CEO of 3iQ at [email protected].
About 3iQ
Founded in 2012, 3iQ is a Canadian investment fund manager focused on providing investors with exposure to digital assets, disruptive technologies and the blockchain space. 3iQ was the first Canadian investment fund manager to agree to terms and conditions with the Canadian securities regulatory authorities to manage a public bitcoin investment fund and multi-cryptoasset fund for Canadian accredited investors. Our experienced team of financial professionals are committed to providing innovative investments of institutional quality. Digital assets are a significant new technology that seek to revolutionize both currency and application development through blockchain and distributed computing methodologies. Access to these new technologies can be daunting, costly, and inconvenient. 3iQ has worked through a stringent regulatory process to offer investors convenient and familiar investment products to gain exposure to digital assets. We have partnered with thought leaders and best-in-class service providers in this area to build secure products that aim to generate positive long-term capital gains for investors looking to hold investments in digital assets.
Disclaimer
Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.The prospectus contains important information relating to these securities. Copies of the prospectus may be obtained from Canaccord Genuity Corp. or any of the Agents. Investors should read the prospectus before making an investment decision. Certain statements contained in this news release constitute forward-looking information within the meaning of Canadian securities laws. Forward-looking information may relate to matters disclosed in this news release and to other matters identified in public filings relating to the Fund, to the future outlook of the Fund and anticipated events or results and may include statements regarding the future financial performance of the Fund. In some cases, forward-looking information can be identified by terms such as “may”, “will”, “should”, “expect”, “plan”, “anticipate”, “believe”, “intend”, “estimate”, “predict”, “potential”, “continue” or other similar expressions concerning matters that are not historical facts. In particular, this news release includes forward-looking information relating to the anticipated completion of the Offering. Actual results may differ materially from results indicated in forward-looking information for a number of reasons, including the failure to close the transactions referenced in this news release on the terms and conditions currently contemplated by the Fund, or at all, as well the risk factors identified in the Fund’s prospectus. Investors should not place undue reliance on forward-looking statements. These forward-looking statements are made as of the date hereof and we assume no obligation to update or revise them to reflect new events or circumstances, unless otherwise required by law. This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. This news release shall not constitute an offer to sell or the solicitation of an offer to buy in the United States or to, or for the account or benefit of, persons in the United States or U.S. Persons nor shall there by any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.This press release is not for distribution in the United States newswire servicesor for dissemination in the United States.
Attachment
• QBTC logo
CONTACT: Fred Pye 3iQ Corp. +1(416) 639-2130 [email protected]...
- Reddit Posts (Sample): [['u/[deleted]', 'When bitcoin hits $13,858, that means the price has risen $10,000 since the March dip.', 317, '2020-10-28 00:26', 'https://www.reddit.com/r/Bitcoin/comments/jjck8q/when_bitcoin_hits_13858_that_means_the_price_has/', 'The math checks out.', 'https://www.reddit.com/r/Bitcoin/comments/jjck8q/when_bitcoin_hits_13858_that_means_the_price_has/', 'jjck8q', [['u/VirtuaFighter6', 51, '2020-10-28 01:10', 'https://www.reddit.com/r/Bitcoin/comments/jjck8q/when_bitcoin_hits_13858_that_means_the_price_has/gabvwbx/', 'No shit, right? WTF! What’s the old saying? Buy the dip!', 'jjck8q'], ['u/phx9', 13, '2020-10-28 02:23', 'https://www.reddit.com/r/Bitcoin/comments/jjck8q/when_bitcoin_hits_13858_that_means_the_price_has/gac421z/', 'Right now we are scratching on the 2a high... $100 ($13800) more and now is only second to the peak of the 2017 boom.', 'jjck8q'], ['u/samjoe6969', 11, '2020-10-28 02:50', 'https://www.reddit.com/r/Bitcoin/comments/jjck8q/when_bitcoin_hits_13858_that_means_the_price_has/gac72q6/', 'probably not posted as a feat of mathematics, but more like a reminder. you, tippy cunt', 'jjck8q'], ['u/[deleted]', 37, '2020-10-28 03:54', 'https://www.reddit.com/r/Bitcoin/comments/jjck8q/when_bitcoin_hits_13858_that_means_the_price_has/gace5lq/', '3 hours later, I rest my case.', 'jjck8q'], ['u/nyum125', 11, '2020-10-28 05:35', 'https://www.reddit.com/r/Bitcoin/comments/jjck8q/when_bitcoin_hits_13858_that_means_the_price_has/gacnsdt/', 'With this attitude you will likely lose money', 'jjck8q']]], ['u/FatFiredProgrammer', 'Is Bitcoin a good investment?', 45, '2020-10-28 01:25', 'https://www.reddit.com/r/fijerk/comments/jjdlbl/is_bitcoin_a_good_investment/', "This hasn't been discussed in at least 5 minutes. So, can we please discuss how bitcoin is such a great investment?\n\n**EDIT** Please don't forget to both downvote this post and also anyone who says anything remotely disparaging about bitcoin.\n\n**EDIT** Please tell me about those other sh*tcoins. I don't care.\n\n**EDIT** I don't care about stonks. Those are for the losers on /r/wallstreetbets .", 'https://www.reddit.com/r/fijerk/comments/jjdlbl/is_bitcoin_a_good_investment/', 'jjdlbl', [['u/cervenamys', 19, '2020-10-28 01:36', 'https://www.reddit.com/r/fijerk/comments/jjdlbl/is_bitcoin_a_good_investment/gabyu4i/', 'Imagine not having your etire life savings in Dogecoin', 'jjdlbl'], ['u/FatFiredProgrammer', 10, '2020-10-28 02:01', 'https://www.reddit.com/r/fijerk/comments/jjdlbl/is_bitcoin_a_good_investment/gac1n63/', "You had me worried for a bit. But I'm sure they would have 'fessed up if they did something wrong. Most celebrity types are very honest. That's why we elect them to high political office and diligently listen to them concerning anything of consequence. Even now, I am filling out all my mail-in ballots based on celebrity youtube endorsements. I really like William Shatner - he was such a great actor - but I can't find his recommendations for my local school board. How am I supposed to vote now?", 'jjdlbl'], ['u/BestFill', 11, '2020-10-28 02:10', 'https://www.reddit.com/r/fijerk/comments/jjdlbl/is_bitcoin_a_good_investment/gac2mlh/', 'Is Bitcoin a good investment. Are you fucking stupid?\n\nMy entire net worth is in gold like a real fucking man you idiot. \n\nFuck you.', 'jjdlbl'], ['u/FatFiredProgrammer', 17, '2020-10-28 02:13', 'https://www.reddit.com/r/fijerk/comments/jjdlbl/is_bitcoin_a_good_investment/gac31g6/', "This may be the single best piece of advice I've gotten this entire rotten year.", 'jjdlbl'], ['u/william_fontaine', 11, '2020-10-28 02:14', 'https://www.reddit.com/r/fijerk/comments/jjdlbl/is_bitcoin_a_good_investment/gac3425/', 'what fools\n\nmuch pity', 'jjdlbl'], ['u/This-Moment', 15, '2020-10-28 02:15', 'https://www.reddit.com/r/fijerk/comments/jjdlbl/is_bitcoin_a_good_investment/gac35he/', "Thank you for this. It's such a relief to finally talk about BitCoin.", 'jjdlbl']]], ['u/markpaul00', 'Warning - Buying Bitcoin through TrustWallet - misleading quotes - high fees', 77, '2020-10-28 01:39', 'https://www.reddit.com/r/Bitcoin/comments/jjdtja/warning_buying_bitcoin_through_trustwallet/', 'Hi all, \n\nUsually I use Cashapp to buy my Bitcoin (weekly, I DCA) and then I store in in Trustwallet, which is a mobile wallet owned by Binance. \n\nI noticed they added a "buy BTC" option directly in the TrustWallet app, so I gave it a shot. \n\nUnfortunately, they outsource the actual crypto buying process to a sketchy company, which uses misleading tactics.\n\nAs you can see from this screenshot: https://i.imgur.com/eknji0Z.png\n\nUS$5000 was to purchase 0.41635 BTC, an amount that I\'m happy with.\n\nHowever, at checkout, they change the deal to this: https://i.imgur.com/oSQoNPd.png\n\nIn simple terms, they wanted to sell me 0.43092 BTC for $5000, and then added a $175 "processing" fee. That\'s more Bitcoin than I wanted to buy, more fiat than I wanted to spend, and it brings the base price of the bitcoin from $11,603, to $12,009, a far larger number. \n\nI would have no problem with this if they were upfront about the fees and what they are doing, but now I have sour taste in my mouth. I\'ve been into crypto for a little while. Can you imagine how predatory this would seem to a new user who\'s going through their first buy?\n\nThis is my first post, so I hope I did it properly.', 'https://www.reddit.com/r/Bitcoin/comments/jjdtja/warning_buying_bitcoin_through_trustwallet/', 'jjdtja', [['u/cgan14344', 10, '2020-10-28 03:21', 'https://www.reddit.com/r/Bitcoin/comments/jjdtja/warning_buying_bitcoin_through_trustwallet/gacahav/', 'You understand that Trustwallet is double dipping right? They show that you get X btc for X, then sell you X+Y btc at X+y price, then add a processing fee. Textbook bait and switch. The cost basis of the BTC is far higher than spot. Even coinbase is cheaper.\n\nI downloaded the app myself. They present $5000 for 0.xxxx at the spot price, and then when you click buy, they change the spot price to higher after you do the KYC.', 'jjdtja']]], ['u/FIRE_and_forget_it', 'When the market dropped last March, my net worth dropped by over a million dollars (-22%)', 2355, '2020-10-28 01:40', 'https://www.reddit.com/r/financialindependence/comments/jjdts8/when_the_market_dropped_last_march_my_net_worth/', 'I’ve been retired for 2.5 years now, and I pop in here from time to time to tell people how things are going. I do it because I am encouraged to do so (by you nice folks) and I like to share what I learned so far. Feel free to ask me anything you like. \n\n\n[My first post - a 1 year in reflection + FIRE story](https://old.reddit.com/r/financialindependence/comments/b2bfko/fire_1_year_in_a_few_reflections/)\n\n[And my 2 year follow up here]( https://old.reddit.com/r/financialindependence/comments/etgc2q/fire_2_years_in_a_few_more_reflections/)\n\nI’m a patient person, a future-oriented person, and these characteristics helped me to persist in the long-term planning I did when I was working towards FI/RE. It helped me hold on to my investment in crypto as it soared (Stick to your plan, man: I took some profits, which is how I jumped the queue to FIRE earlier than expected and with more than I needed, though I was heavy on the FI/RE path before that). \n\nI am also a semi-rational person (I think), who has played out a number of scenarios in my head many times. In fact – I had to do that to feel confident to retire in the first place. What if ____ (fill in catastrophic thing) happens?… each time I figured out how I would survive and most of the survival plans fell out to: keep cool and sit tight (a couple of them included “and go back to work.”) Considering how the stock market and economy in general are cyclical, I had gone through the “what do you do when there is a crash and your net worth drops significantly?” (note the crash part is not “if”, but “when”). The answer, as previously mentioned, was “sit on the porch and watch your sunflowers grow.” \n\nThere was a conversation in (I think) one of my posts last year where after the market had dropped a small amount I mentioned I had just chilled through it (while others flipped out and panic-sold and were then kicking themselves) and someone on here snarkily replied “well, wait until you see a REAL drop, then we will see what you do!” \n\nWell Snarko VonSnarkington, this post is for you. \n\nAs you might recall, the month of March was brutal, with many days showing huge losses in the stock markets. Not only did the market drop precipitously but my historically uncorrelated asset bitcoin shit the bed as well (a universal rush to cash?) leaving me just over $1M poorer net-worth-wise. \n\nMy portfolio consists of real estate (my old house that I now rent out), index funds, and bitcoin. I outright own my current house (sold my bond funds to buy the house) and a piece of shit truck that I love. I also own a cat free and clear. \n\nSo what did I do as my portfolio took a double barreled shotgun to the face?!?!? Not a goddamn thing. Ok, that’s a lie. I loss-harvested 90k worth of index funds which have since recovered and then some. I held tight. I held strong. I built shelves for my workshop out of salvaged lumber. \n\nPsychologically I have to say I felt off – it was not fun, and it was not Zen (though I tried brother, I tried). I had to argue with myself “well, this is one of those situations that test your mettle, meboyo…” and “wow, how is this going to play out… nervous… yuck…” but even though I experienced emotions, there was never even the option in my mind to sell in order to protect capital. It never appealed to me as a wise option and I had no compulsion to do so. For years I have made an informed decision to commit to this strategy I believe in, and damnit I am going to stick by it. I own my house. I know how to cook. I have health insurance and a rainy-day fund. I am retired, by design, because I stick to the plan until it no longer makes any sense – and...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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13437.88, 13546.52, 13781.00, 13737.11, 13550.49, 13950.30, 14133.71, 15579.85, 15565.88, 14833.75
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['The major Asia-Pacific stock indexes were lower across the board on Thursday with China bucking the trend to move modestly higher. The weakness in the East wasn’t nearly as bad as the routs in the United States and Europe the previous sessions, as Asia’s brighter economic outlook offset investor worries about fresh COVID-19 lockdowns in Europe. In the cash market on Thursday, Japan’s Nikkei 225 Index settled at 23331.94, down 86.57 or -0.37%. Hong Kong’s Hang Seng Index finished at 24550.17, down 158.63 or -0.64% and South Korea’s KOSPI Index closed at 2326.67, down 18.59 or -0.79%. Bank of Japan Trims Growth, Price Forecasts; Keeps Policy Steady The Bank of Japan on Thursday trimmed its economic and price forecasts for the current fiscal year ending in March 2021, heightening expectations it will maintain its massive stimulus for a time being to cushion the blow from COVID-19. As widely expected, the central bank kept monetary policy steady, including a -0.1% target for short-term interest rates and a pledge to guide long-term rates around 0%. It also made no changes to a package of measures to ease corporate funding strains caused by the coronavirus pandemic. BOJ Governor Haruhiko Kuroda is expected to hold a news conference to explain the policy decision and the new forecasts, which were produced as part of the BOJ’s quarterly report on the economic and price outlook. Samsung Predicts Fourth-Quarter Decline in Profits Due to Weak Demand and Growing Competition Shares in South Korea were among the biggest losers regionally, as the KOSPI Index fell as much as 1.69% before settling 0.79% lower. Shares of industry heavyweight Samsung Electronics declined around 2% after the firm on Thursday predicted a fourth-quarter decline in profits. Samsung Electronics on Thursday said it expects a decline in profit in the three months that will end on December 31 due to weak memory chip demand and intense competition in the smartphone and consumer electronics spaces. Story continues Samsung announced a 59% year-on-year jump in operating profit to 12.35 trillion Korean won (about $10.89 billion) for the July-September quarter, which was in line with earlier guidance. “Looking ahead, Samsung Electronics expects profit to decline in the fourth quarter amid weakening memory chip demand from server customers and intensifying competition in mobile phones and consumer electronics,” the company said in a statement. Sony Shares Pop on Strong Outlook Shares of Sony surged in Tokyo on Thursday, a day after the Japanese electronics giant raised its annual profit forecast. Sony shares in Japan were up 6.69% on Thursday even though Japan’s border index, the Nikkei 225, fell 0.37% on the day., On Wednesday, Sony raised its forecast for its annual operating income by 13% to 700 billion yen (approximately $6.7 billion). It came as the firm announced an operating profit of about 317.8 billion yen (around $3.04 billion) for the three months ended September 30. For a look at all of today’s economic events, check out our economic calendar . This article was originally posted on FX Empire More From FXEMPIRE: EUR/USD Daily Forecast – U.S. Dollar Tries To Continue Its Upside Move USD/JPY Fundamental Daily Forecast – One-Week Yen Volatility Against Dollar Jumps to Seven Month High Trading Currencies: Waiting for a Blue Wave or Status Quo? It’s Still Too Early To Buy Bitcoin? COVID-19, Economic Data, the ECB, and U.S Politics to Keep the Markets Busy Oil Price Fundamental Daily Forecast – Down on Growing Concerns Over Global Oil Supply Glut', 'The major Asia-Pacific stock indexes were lower across the board on Thursday with China bucking the trend to move modestly higher. The weakness in the East wasn’t nearly as bad as the routs in the United States and Europe the previous sessions, as Asia’s brighter economic outlook offset investor worries about fresh COVID-19 lockdowns in Europe.\nIn the cash market on Thursday,Japan’s Nikkei 225 Indexsettled at 23331.94, down 86.57 or -0.37%. Hong Kong’s Hang Seng Index finished at 24550.17, down 158.63 or -0.64% and South Korea’s KOSPI Index closed at 2326.67, down 18.59 or -0.79%.\nThe Bank of Japan on Thursday trimmed its economic and price forecasts for the current fiscal year ending in March 2021, heightening expectations it will maintain its massive stimulus for a time being to cushion the blow from COVID-19.\nAs widely expected, the central bank kept monetary policy steady, including a -0.1% target for short-term interest rates and a pledge to guide long-term rates around 0%.\nIt also made no changes to a package of measures to ease corporate funding strains caused by the coronavirus pandemic.\nBOJ Governor Haruhiko Kuroda is expected to hold a news conference to explain the policy decision and the new forecasts, which were produced as part of the BOJ’s quarterly report on the economic and price outlook.\nShares in South Korea were among the biggest losers regionally, as the KOSPI Index fell as much as 1.69% before settling 0.79% lower. Shares of industry heavyweight Samsung Electronics declined around 2% after the firm on Thursday predicted a fourth-quarter decline in profits.\nSamsung Electronics on Thursday said it expects a decline in profit in the three months that will end on December 31 due to weak memory chip demand and intense competition in the smartphone and consumer electronics spaces.\nSamsung announced a 59% year-on-year jump in operating profit to 12.35 trillion Korean won (about $10.89 billion) for the July-September quarter, which was in line with earlier guidance.\n“Looking ahead, Samsung Electronics expects profit to decline in the fourth quarter amid weakening memory chip demand from server customers and intensifying competition in mobile phones and consumer electronics,” the company said in a statement.\nShares of Sony surged in Tokyo on Thursday, a day after the Japanese electronics giant raised its annual profit forecast.\nSony shares in Japan were up 6.69% on Thursday even though Japan’s border index, the Nikkei 225, fell 0.37% on the day.,\nOn Wednesday, Sony raised its forecast for its annual operating income by 13% to 700 billion yen (approximately $6.7 billion). It came as the firm announced an operating profit of about 317.8 billion yen (around $3.04 billion) for the three months ended September 30.\nFor a look at all of today’s economic events, check out oureconomic calendar.\nThisarticlewas originally posted on FX Empire\n• EUR/USD Daily Forecast – U.S. Dollar Tries To Continue Its Upside Move\n• USD/JPY Fundamental Daily Forecast – One-Week Yen Volatility Against Dollar Jumps to Seven Month High\n• Trading Currencies: Waiting for a Blue Wave or Status Quo?\n• It’s Still Too Early To Buy Bitcoin?\n• COVID-19, Economic Data, the ECB, and U.S Politics to Keep the Markets Busy\n• Oil Price Fundamental Daily Forecast – Down on Growing Concerns Over Global Oil Supply Glut', 'Under a week into the US election and there is also already a statistic that is standing out. Early voting in the US has reached 50.2% of the total vote cast in 2016. That puts the 2020 election on track for the highest ballots cast in US history. If a winner can be announced on Tuesday, it should be decisive, however nothing is assured in the lead-up to this election.\nThe volatility index (VIX), also known as Wall Street’s fear index, has been on the rise and it surged to above 40 on Thursday, which is its highest level since June. It is obvious that the US election uncertainty is adding pressure to the markets.Volatility is likely to be high and market gaps might appear.\nCurrently, the election is creating a very short-term ‘nervous lull’ in currencies as seen by the soft ranges in the USD.\nEUR/USDis holding between $1.1796 and $1.1839 despite COVID issues flaring in France, Italy and now Germany. Further shutdowns and possible cuts to workforce and social interaction heading to the winter months is a daunting prospect for the already faltering European economy. The analyst team at Rabobank predicts that there is “risk of a dip to 1.16 in three months”. The pair has some real headwind risks coming in the next 8-10 weeks.\nGBP/USDcontinues to rise now above $1.30. This is despite the fact that Brexit is becoming a huge risk for the pair and that the UK is bordering on having to enact strict stage 3 lockdowns for a second time this year.Receive the latest updates on world news for your trades.\nAUD/USDtoo has been rangebound, holding between $0.7110 and $0.7160. There is an array of data due out this week that might move the dial here. But the reaction to the CPI released on Wednesday was next to nothing falling 10 pips even with a better read than expected. The pair is waiting for the RBA next Tuesday where it is expected the RBA will enter the quantitative easing market.\n• Nov 3 (Tuesday) 14:30 (GMT +11) – RBA Interest Rate Decision\n• Nov 4 (Wednesday) All Day (GMT +11) – Presidential Election\n• Nov 5 (Thursday) 23:00 (GMT +11) – BoE Interest Rate Decision\n• Nov 6 (Friday) 06:00 (GMT +11) – Fed Interest Rate Decision\nThis article is prepared by Lucia Han from Mitrade and is for reference only. We do not represent that the material provided here is accurate, current or complete. The article content neither takes into account your personal investment objects nor your financial situation, and therefore it should not be relied upon as such. You should seek for your own advice.\nThisarticlewas originally posted on FX Empire\n• Tips On How To Trade The Currency Pair EUR/GBP\n• GBP/USD Daily Forecast – Attempt To Settle Back Above 1.3000\n• Natural Gas Price Fundamental Daily Forecast – EIA Expected to Report Lighter-Than-Average Build\n• Asia-Pacific Shares Finish Lower, but Outperform Stateside Markets\n• It’s Still Too Early To Buy Bitcoin?\n• Crude Oil Traders are Wary of a Biden Win', 'Under a week into the US election and there is also already a statistic that is standing out. Early voting in th
**Last 60 Days of Bitcoin's Closing Prices:**
[11711.51, 11680.82, 11970.48, 11414.03, 10245.30, 10511.81, 10169.57, 10280.35, 10369.56, 10131.52, 10242.35, 10363.14, 10400.92, 10442.17, 10323.76, 10680.84, 10796.95, 10974.91, 10948.99, 10944.59, 11094.35, 10938.27, 10462.26, 10538.46, 10246.19, 10760.07, 10692.72, 10750.72, 10775.27, 10709.65, 10844.64, 10784.49, 10619.45, 10575.97, 10549.33, 10669.58, 10793.34, 10604.41, 10668.97, 10915.69, 11064.46, 11296.36, 11384.18, 11555.36, 11425.90, 11429.51, 11495.35, 11322.12, 11358.10, 11483.36, 11742.04, 11916.33, 12823.69, 12965.89, 12931.54, 13108.06, 13031.17, 13075.25, 13654.22, 13271.29]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2020-10-29
**Financial & Commodity Data:**
- Gold Closing Price: $1865.60
- Crude Oil Closing Price: $36.17
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $241,012,544,656
- Hash Rate: 107359880.12908652
- Transaction Count: 276070.0
- Unique Addresses: 652778.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.67
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: NEW YORK, NY / ACCESSWIRE / October 25, 2020 / ALT 5 Sigma Inc. an emerging leader in blockchain powered financial platforms provides its daily digital instruments market summary for Bitcoin (BTC/USD), Ether (ETH/USD), Litecoin (LTC/USD). Real-Time Market Data is available at www.alt5pro.com and Real-Time Market Data feed is also available at www.alt5sigma.com ALT 5 Sigma Digital Instrument Market Summary for BTC, ETH, LTC, BCH Market Summary Sunday, October 25 2020 at 4:00 PM Digital Asset Pair Price 24hr Chg 7d Chg 24/hr Volume MarketCap Bitcoin BTC/USD $13,038.16 -$0.01 $0.14 $24,390 M $241,553 M Ethereum ETH/USD $408.13 -$0.01 $0.08 $10,866 M $46,182 M XRP XRP/USD $0.25 -$0.01 $0.05 $1,486 M $11,477 M Bitcoin Cash BCH/USD $271.98 -$0.01 $0.09 $2,160 M $5,046 M Litecoin LTC/USD $59.11 $0.01 $0.25 $3,752 M $3,886 M Bitcoin SV BSV/USD $183.24 $0.05 $0.14 $1,304 M $3,400 M EOS EOS/USD $2.68 $0.01 $0.05 $1,955 M $2,507 M Monero XMR/USD $131.68 $0.02 $0.09 $754 M $2,336 M Stellar XLM/USD $0.08 -$0.03 $0.04 $138 M $1,735 M Dash DASH/USD $71.43 -$0.02 $0.07 $327 M $698 M About ALT 5 Sigma Inc. ALT 5 is a fintech company specializing in the development and deployment of digital assets trading and exchange platforms. Alt 5 was founded by financial industry specialists out of the necessity to provide the digital asset economy with security, accessibility, transparency and compliance. ALT 5 provides its clients the ability to buy, sell and hold digital assets in a safe and secure environment deployed with the best practices of the financial industry. ALT 5's products and services are available to Banks, Broker Dealers, Funds, Family Offices, Professional Traders, Retail Traders, Digital Asset Exchanges, Digital Asset Brokers, Blockchain Developers, and Financial Information Providers. ALT 5's digital asset custodian services are secured by GardaWorld. GardaWorld is the world's largest privately-owned business solutions and security services company, offering cash management services. For more information, visit www.alt5sigma.com . Story continues Contact: Andre Beauchesne Tel. 1-800-204-6203 [email protected] For more information on ALT 5 Pay, visit www.alt5pay.com For more information on ALT 5 Pro, visit www.alt5pro.com SOURCE: ALT 5 Sigma Inc. View source version on accesswire.com: https://www.accesswire.com/612177/ALT-5-Sigma-Digital-Instrument-Market-Summary-for-BTC-ETH-LTC-BCH...
- Reddit Posts (Sample): [['u/AutoModerator', '[Daily Discussion] Thursday, October 29, 2020', 44, '2020-10-29 05:04', 'https://www.reddit.com/r/BitcoinMarkets/comments/jk3arf/daily_discussion_thursday_october_29_2020/', "**Thread topics include, but are not limited to:**\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\n**Thread guidelines:**\n\n* **Be excellent to each other.**\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n**Other ways to interact:**\n\n* [Get an invite](https://join.slack.com/t/reddit-bitcoinmarkets/shared_invite/enQtNjM1NTg3ODgwODUzLTQ2NjZjYjYxMWExZmZmMWY0MDNlN2JlM2RhZmM0NWY1YzY1MDlkOTMyNWFjNTZjYTg1ZDM2YmEwMWRkZjIwYjM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)\n* Set your flair to trade pretend money in [the Flair Game](https://coinsight.org/flairgame)\n* Weekly threads: [Newbie Mondays](http://www.reddit.com/r/BitcoinMarkets/search?q=newbie+monday&sort=new&restrict_sr=on&t=all) and [Fundamentals Fridays](http://www.reddit.com/r/BitcoinMarkets/search?q=fundamentals+friday&sort=new&restrict_sr=on&t=all)\n* Altcoins Discussion: [Altcoin Discussion](http://www.reddit.com/r/BitcoinMarkets/search?q=altcoin+discussion&sort=new&restrict_sr=on&t=all)", 'https://www.reddit.com/r/BitcoinMarkets/comments/jk3arf/daily_discussion_thursday_october_29_2020/', 'jk3arf', [['u/RetardIdiotTrader', 17, '2020-10-29 05:20', 'https://www.reddit.com/r/BitcoinMarkets/comments/jk3arf/daily_discussion_thursday_october_29_2020/gagkf9p/', 'I see a cup and handle on my desk.', 'jk3arf'], ['u/VintageRudy', 14, '2020-10-29 05:48', 'https://www.reddit.com/r/BitcoinMarkets/comments/jk3arf/daily_discussion_thursday_october_29_2020/gagmmg0/', "It's not arriving at the citadel, it's the dumps we shared along the way", 'jk3arf'], ['u/RetardIdiotTrader', 25, '2020-10-29 06:28', 'https://www.reddit.com/r/BitcoinMarkets/comments/jk3arf/daily_discussion_thursday_october_29_2020/gagpier/', 'Those shorts must be terrifying to hold, eh?', 'jk3arf'], ['u/SnowBastardThrowaway', 36, '2020-10-29 08:43', 'https://www.reddit.com/r/BitcoinMarkets/comments/jk3arf/daily_discussion_thursday_october_29_2020/gagxeou/', 'A lot of people are surprised that funding and futures premiums remain low or negative despite the bullish price action lately. \n\nI don’t blame them, I’ve seen a few bull markets in my day and it’s certainly not the norm. \n\nI think this is because shorting before the election is the most crowded trade in every market right now. Shorting bitcoin before the election after a petty huge price increase these last two weeks might be the most crowded trade of them all. \n\nIf you agree with me on that, then I guess the question becomes, “Is the election priced in?” If you can answer that question correctly, a fortune awaits.\n\nPersonally, I think everyone and their mother knows the date of the election and the possible outcomes, and I don’t think the Wednesday after the election is gonna be that different than the Monday before it, regardless of who wins, so I think it’s priced in. I think the negative funding rates and premiums support my opinion that’s it’s already priced in and an over crowded trade. \n\nI’m staying long, about 3x, with stop losses scattered every couple hundred bucks below us and my profit target is the moon. With all this shorting, hedging, and profit taking and the price staying high, I think a lot of people won’t get the dip they want, and I think their is a lot of rocket fuel on the sidelines that just might have to buy back in higher, not lower.', 'jk3arf'], ['u/redditM_rk', 23, '2020-10-29 09:26', 'https://www.reddit.com/r/BitcoinMarkets/comments/jk3arf/daily_discussion_thursday_october_29_2020/gagzo35/', 'There will be a shortage of toilet paper AND bitcoin.', 'jk3arf'], ['u/RoyalVault', 10, '2020-10-29 09:57', 'https://www.reddit.com/r/BitcoinMarkets/comments/jk3arf/daily_discussion_thursday_october_29_2020/gah19a6/', 'Ok I will do the opposite trade. May the best man bankrupt the other', 'jk3arf'], ['u/personalityson', 11, '2020-10-29 11:28', 'https://www.reddit.com/r/BitcoinMarkets/comments/jk3arf/daily_discussion_thursday_october_29_2020/gah67df/', 'There is a third option? I have to sit down after reading this', 'jk3arf'], ['u/islandcookies', 13, '2020-10-29 15:08', 'https://www.reddit.com/r/BitcoinMarkets/comments/jk3arf/daily_discussion_thursday_october_29_2020/gahp02d/', 'We’re in a much better spot now to finally crush through $14k. Lots of shorts piled on over the last 36 hours.', 'jk3arf'], ['u/SsurebreC', 26, '2020-10-29 15:13', 'https://www.reddit.com/r/BitcoinMarkets/comments/jk3arf/daily_discussion_thursday_october_29_2020/gahpkf3/', "Two pieces of news that hasn't been posted yet:\n\n* [Fidelity Digital Assets Expands Crypto Custody Service to Asia](https://finance.yahoo.com/news/fidelity-digital-assets-expands-crypto-120438193.html)\n * Fidelity Digital Assets wing (started two years ago) is bringing cryptocurrency assets with a partnership with Stack Funds (Singapore). The assets will have monthly audits and will be insured.\n* [FTX Launches Bitcoin Pairs for Top Stocks Like Amazon, Apple and Tesla](https://finance.yahoo.com/news/ftx-launches-bitcoin-pairs-top-093007591.html)\n * First of a kind exchange where you can trade stocks like Tesla, Apple, and Amazon against Bitcoin and stablecoins. Similar to BTC:USD, you'll now have BTC:AMZN.", 'jk3arf'], ['u/4theWlN', 23, '2020-10-29 15:23', 'https://www.reddit.com/r/BitcoinMarkets/comments/jk3arf/daily_discussion_thursday_october_29_2020/gahqp3i/', 'bitcoin vs stocks is amazing. people will finally be able to see the bear market all other assets have been in against this deflationary black hole.', 'jk3arf'], ['u/SsurebreC', 14, '2020-10-29 15:24', 'https://www.reddit.com/r/BitcoinMarkets/comments/jk3arf/daily_discussion_thursday_october_29_2020/gahqto1/', 'I\'m wondering how /r/WallStreetBets will feel about this other than "wow, I can lose money twice as fast!"', 'jk3arf'], ['u/anon2414691', 16, '2020-10-29 15:49', 'https://www.reddit.com/r/BitcoinMarkets/comments/jk3arf/daily_discussion_thursday_october_29_2020/gahtw8x/', 'My prediction, based on Google Trends data: https://imgur.com/a/0sGcW4k', 'jk3arf'], ['u/DalaiComma', 22, '2020-10-29 15:54', 'https://www.reddit.com/r/BitcoinMarkets/comments/jk3arf/daily_discussion_thursday_october_29_2020/gahui7p/', 'Oh no, he said new paradigm it’s time to sell.', 'jk3arf'], ['u/levelborn', 17, '2020-10-29 15:56', 'https://www.reddit.com/r/BitcoinMarkets/comments/jk3arf/daily_discussion_thursday_october_29_2020/gahup95/', 'there are still ppl short from 10-11k in this chat, adding to shorts higher and higher, and on dips! \n\nthis is the info i need to keep my long open. gla.', 'jk3arf'], ['u/nannal', 13, '2020-10-29 15:57', 'https://www.reddit.com/r/BitcoinMarkets/comments/jk3arf/daily_discussion_thursday_october_29_2020/gahuvp5/', 'The forbidden words.', 'jk3arf'], ['u/levelborn', 14, '2020-10-29 16:15', 'https://www.reddit.com/r/BitcoinMarkets/comments/jk3arf/daily_discussion_thursday_october_29_2020/gahx1en/', 'consider possibility you are not smarter than Saylor or Dorsey or as equipped with info to make best investment decisions as they are', 'jk3arf'], ['u/Cadenca', 17, '2020-10-29 16:35', 'https://www.reddit.com/r/BitcoinMarkets/comments/jk3arf/daily_discussion_thursday_october_29_2020/gahzkvj/', "I can barely believe what I'm seeing.. DXY pumping like MAD, gold, silver in shambles and Bitcoin unable to dump past 13k... damn shit son", 'jk3arf'], ['u/onguito', 18, '2020-10-29 16:57', 'https://www.reddit.com/r/BitcoinMarkets/comments/jk3arf/daily_discussion_thursday_october_29_2020/gai2aya/', 'Today, a friend of mine, who always laughed at me for buying BTC and crypto, called to ask how he could buy some.\n\ninteresting.', 'jk3arf'], ['u/satoshisbitcoin', 19, '2020-10-29 17:08', 'https://www.reddit.com/r/BitcoinMarkets/comments/jk3arf/daily_discussion_thursday_october_29_2020/gai3se0/', 'After setting a record for longest period of time above $10k, bitcoin now looks that it wants to set a record for longest period of time above $13k', 'jk3arf'], ['u/CONTROLurKEYS', 10, '2020-10-29 17:27', 'https://www.reddit.com/r/BitcoinMarkets/comments/jk3arf/daily_discussion_thursday_october_29_2020/gai67mb/', 'daily close is the measure', 'jk3arf'], ['u/hypn0t04d', 13, '2020-10-29 17:27', 'https://www.reddit.com/r/BitcoinMarkets/comments/jk3arf/daily_discussion_thursday_october_29_2020/gai690k/', "tell him to buy XRP. he'll fit right in.", 'jk3arf'], ['u/olibln', 12, '2020-10-29 17:30', 'https://www.reddit.com/r/BitcoinMarkets/comments/jk3arf/daily_discussion_thursday_october_29_2020/gai6lby/', "Also, it's way cheaper /s", 'jk3arf'], ['u/ThoseGelInsertThings', 12, '2020-10-29 17:39', 'https://www.reddit.com/r/BitcoinMarkets/comments/jk3arf/daily_discussion_thursday_october_29_2020/gai7tf2/', "Just some random observations on sentiment that don't necessarily have any bearing on anything other than fun discussion.\n\nI could be wrong, but I see so much enthusiasm for creeping back towards previous ATH here on this forum. Which is normal and great and everything. But around this same time in 2016 - when the same amount of time had passed since that previous bear market's bottom - there wasn't all that much enthusiasm. And the price was at almost exactly the same ratio of *that* previous ATH at that point in 2016 (if that makes sense). It was a relatively subtle rise back towards $1100.00 in the winter of 2016 - early 2017, and Bitcoin really wasn't on the public's radar.\n\nIf you can't see what's happening here - if you can't see that this is the start of the next bull run - I get it. Be it from being burned because you bought the back side of the top of the bubble in 2018 and you're skeptical or whatever...but...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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13546.52, 13781.00, 13737.11, 13550.49, 13950.30, 14133.71, 15579.85, 15565.88, 14833.75, 15479.57
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Bitcoin, BTC to USD, rose by 1.39% on Thursday. Partially reversing a 2.63% slide from Wednesday, Bitcoin ended the day at $13,450.0. It was a mixed start to the day. Bitcoin rose to a mid-morning high $13,314.0 before hitting reverse. Falling short of the first major resistance level at $13,766, Bitcoin slid to a mid-day intraday low $12,972.0. Steering clear of the first major support level at $12,842, Bitcoin rose to a late afternoon intraday high $13,629.0. Coming up short of the first major resistance level at $13,766, however, Bitcoin eased back to end the day at sub-$13,500 levels. The near-term bullish trend remained intact, supported by the latest move through to $13,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $6,400 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was another mixed day on Thursday. Crypto.com Coin rose by 0.67% to buck the trend on the day. It was a bearish day for the rest of the majors, however. Polkadot tumbled by 8.20% to lead the way down. Binance Coin (-1.60%), Bitcoin Cash SV (-2.09%), Cardano’s ADA (-3.45%), Chainlink (-1.69%), Litecoin (-1.56%), and Ripple’s XRP (1.29%) also struggled. Bitcoin Cash ABC (-0.55%) and Ethereum (-0.25%) saw relatively modest losses on the day. In current the week, the crypto total rose to a Tuesday high $410.31bn before falling to a Wednesday low $377.69bn. At the time of writing, the total market cap stood at $392.30bn. Bitcoin’s dominance fell to a Monday low 61.54% before rising to a Friday morning high 63.64%. At the time of writing, Bitcoin’s dominance stood at 63.55%. This Morning At the time of writing, Bitcoin was down by 0.28% to $13,414.0. A mixed start to the day saw Bitcoin rise to an early morning high $13,453.6 before falling to a low $13,325.0. Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was another mixed start to the day. Binance Coin (+0.51%) and Polkadot (+0.69%) bucked the trend early on. Story continues It was a bearish start for the rest of the majors, however. At the time of writing, \xa0Cardano’s ADA was down by 0.78% to lead the way down. For the Bitcoin Day Ahead Bitcoin would need to avoid a fall through the pivot level at $13,351 to bring the first major resistance level at $13,729 into play. Support from the broader market would be needed, however, for Bitcoin to break out from Thursday’s high $13,629.0. Barring an extended crypto rally, the first major resistance level would likely cap any upside. In the event of another crypto breakout, Bitcoin could test resistance at $14,000 before any pullback. The second major resistance level sits at $14,008. Failure to avoid a fall through the $13,351 pivot would bring the first major support level at $13,702 into play. Barring another extended crypto sell-off, Bitcoin should steer well clear of sub-$12,800 levels. The second major support level sits at $12,694. This article was originally posted on FX Empire More From FXEMPIRE: The Crypto Daily – Movers and Shakers – October 30th, 2020 Crude Oil Price Forecast – Crude Oil Markets Test Major Support GBP/JPY Price Forecast – British Pound Gets Hammered Again S&P 500 Price Forecast – Stock Markets Stabilize Gold Price Forecast – Gold Markets Looking for Support Twitter At 5-Year High Ahead Of Earnings', 'Bitcoin, BTC to USD, rose by 1.39% on Thursday. Partially reversing a 2.63% slide from Wednesday, Bitcoin ended the day at $13,450.0. It was a mixed start to the day. Bitcoin rose to a mid-morning high $13,314.0 before hitting reverse. Falling short of the first major resistance level at $13,766, Bitcoin slid to a mid-day intraday low $12,972.0. Steering clear of the first major support level at $12,842, Bitcoin rose to a late afternoon intraday high $13,629.0. Coming up short of the first major resistance level at $13,766, however, Bitcoin eased back to end the day at sub-$13,500 levels. The near-term bullish trend remained intact, supported by the latest move through to $13,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $6,400 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was another mixed day on Thursday. Crypto.com Coin rose by 0.67% to buck the trend on the day. It was a bearish day for the rest of the majors, however. Polkadot tumbled by 8.20% to lead the way down. Binance Coin (-1.60%), Bitcoin Cash SV (-2.09%), Cardano’s ADA (-3.45%), Chainlink (-1.69%), Litecoin (-1.56%), and Ripple’s XRP (1.29%) also struggled. Bitcoin Cash ABC (-0.55%) and Ethereum (-0.25%) saw relatively modest losses on the day. In current the week, the crypto total rose to a Tuesday high $410.31bn before falling to a Wednesday low $377.69bn. At the time of writing, the total market cap stood at $392.30bn. Bitcoin’s dominance fell to a Monday low 61.54% before rising to a Friday morning high 63.64%. At the time of writing, Bitcoin’s dominance stood at 63.55%. This Morning At the time of writing, Bitcoin was down by 0.28% to $13,414.0. A mixed start to the day saw Bitcoin rise to an early morning high $13,453.6 before falling to a low $13,325.0. Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was another mixed start to the day. Binance Coin (+0.51%) and Polkadot (+0.69%) bucked the trend early on. Story continues It was a bearish start for the rest of the majors, however. At the time of writing, \xa0Cardano’s ADA was down by 0.78% to lead the way down. For the Bitcoin Day Ahead Bitcoin would need to avoid a fall through the pivot level at $13,351 to bring the first major resistance level at $13,729 into play. Support from the broader market would be needed, however, for Bitcoin to break out from Thursday’s high $13,629.0. Barring an extended crypto rally, the first major resistance level would likely cap any upside. In the event of another crypto breakout, Bitcoin could test resistance at $14,000 before any pullback. The second major resistance level sits at $14,008. Failure to avoid a fall through the $13,351 pivot would bring the first major support level at $13,702 into play. Barring another extended crypto sell-off, Bitcoin should steer well clear of sub-$12,800 levels. The second major support level sits at $12,694. This article was originally posted on FX Empire More From FXEMPIRE: The Crypto Daily – Movers and Shakers – October 30th, 2020 Crude Oil Price Forecast – Crude Oil Markets Test Major Support GBP/JPY Price Forecast – British Pound Gets Hammered Again S&P 500 Price Forecast – Stock Markets Stabilize Gold Price Forecast – Gold Markets Looking for Support Twitter At 5-Year High Ahead Of Earnings', "Traders on the cryptocurrency exchange desk\xa0FTX will be able to buy and sell tokenized shares of over a dozen large companies against Bitcoin and other stablecoins, CoinDeskreportedThursday.\nWhat Happened: Tesla Inc(NASDAQ:TSLA),Apple Inc(NASDAQ:AAPL), andAmazon.com, Inc(NASDAQ:AMZN) are some of the stocks that can be traded on FTX’s platform.\nThe exchange’s fractional stocks offering means that traders can purchase tokens equivalent to\xa0a fraction of a stock at a time, FTX CEO Sam Bankman-Fried told CoinDesk.\n“These fractional stock products reflect the reality that today’s traders are industry and sector spanning and want trading opportunities that fully match their interests and mindset,” said Bankman-Fried.\nWhy It Matters:Bankman-Fried said that the tokens are aimed at those investors who find it difficult or inconvenient to access traditional markets,reportsBloomberg.\nWhile investors can trade the tokens on the exchange, they will need to cash them for the underlying security through FTX’s German partner CM Equity, which will hold the actual securities, the CEO said.\nA trading fee\xa0is applicable but no other management fee will be levied for holding the tokens, an FTX spokesperson told Bloomberg.\nUnited States residents and those in other restricted jurisdictions will not be able to trade the tokens.\nPrice Action:Bitcoin traded 0.48% lower at $13,204.21 at press time.\nRelated Links:\nInstitutional Investors Drive Grayscale's Cryptocurrency Q3 Inflows Above $1B\nPayPal Brings Bitcoin Trading To Account Holders, Merchants\nSee more from Benzinga\n• Click here for options trades from Benzinga\n• Tesla Supplier LG Chem To Spin-Off Battery Business In December: Report\n• New Zealand Says No To Legalizing Cannabis For Personal Use\n© 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.", "Traders on the cryptocurrency exchange desk\xa0FTX will be able to buy and sell tokenized shares of over a dozen large companies against Bitcoin and other stablecoins, CoinDesk reported Thursday. What Happened: Tesla Inc (NASDAQ: TSLA ), Apple Inc (NASDAQ: AAPL ), and Amazon.com, Inc (NASDAQ: AMZN ) are some of the stocks that can be traded on FTX\x92s platform. The exchange\x92s fractional stocks offering means that traders can purchase tokens equivalent to\xa0a fraction of a stock at a time, FTX CEO Sam Bankman-Fried told CoinDesk. \x93These fractional stock products reflect the reality that today\x92s traders are industry and sector spanning and want trading opportunities that fully match their interests and mindset,\x94 said Bankman-Fried. Why It Matters: Bankman-Fried said that the tokens are aimed at those investors who find it difficult or inconvenient to access traditional markets, reports Bloomberg. While investors can trade the tokens on the exchange, they will need to cash them for the underlying security through FTX\x92s German partner CM Equity, which will hold the actual securities, the CEO said. A trading fee\xa0is applicable but no other management fee will be levied for holding the tokens, an FTX spokesperson told Bloomberg. United States residents and those in other restricted jurisdictions will not be able to trade the tokens. Price Action: Bitcoin traded 0.48% lowe
**Last 60 Days of Bitcoin's Closing Prices:**
[11680.82, 11970.48, 11414.03, 10245.30, 10511.81, 10169.57, 10280.35, 10369.56, 10131.52, 10242.35, 10363.14, 10400.92, 10442.17, 10323.76, 10680.84, 10796.95, 10974.91, 10948.99, 10944.59, 11094.35, 10938.27, 10462.26, 10538.46, 10246.19, 10760.07, 10692.72, 10750.72, 10775.27, 10709.65, 10844.64, 10784.49, 10619.45, 10575.97, 10549.33, 10669.58, 10793.34, 10604.41, 10668.97, 10915.69, 11064.46, 11296.36, 11384.18, 11555.36, 11425.90, 11429.51, 11495.35, 11322.12, 11358.10, 11483.36, 11742.04, 11916.33, 12823.69, 12965.89, 12931.54, 13108.06, 13031.17, 13075.25, 13654.22, 13271.29, 13437.88]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2020-10-30
**Financial & Commodity Data:**
- Gold Closing Price: $1877.40
- Crude Oil Closing Price: $35.79
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $248,889,335,350
- Hash Rate: 110342099.02156112
- Transaction Count: 268364.0
- Unique Addresses: 635998.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.74
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: China’s state-sanctioned blockchain infrastructure project is finally bringing public chains to its Chinese users – but with a significant twist.
The Blockchain-Based Service Network (BSN), a standardized internet services provider for decentralized applications (dapp) developers, plans to make 24 public chains available in its network for Chinese users starting from the second half of November, according to an internal memo obtained by CoinDesk.
Developers can use the technical frameworks behind these public chains to build and run dapps that serve a range of purposes such as financing platforms for small and medium enterprises, source tracking for food companies and record-keeping for banks, law firms or government agencies.
Related:US Charges 3 With Vast 'Crypto Jacking' Computer Fraud Scheme
These public chains will look quite different after being “localized” for the Chinese market, however. The network will make the decentralized public chains permissioned and replace their tokens with direct payment by the Chinese currency renminbi to cover transaction fees on these chains.
This is part of a much larger story. The Chinese government is an active supporter of blockchain technology – but only on its own terms. Authorities would like to reap the benefits of blockchain tech’s traceability and efficiency, but without the decentralization embraced by public chains like Bitcoin and Ethereum.
BSN’s latest move came one month after the network integratedsix major public chainsinto the global version of its network. This was so that developers outside China could use a standardized development environment to build and run decentralized applications on these public chains. Unlike in the localized version, public decentralized chains are allowed in the global version of BSN.
“There have been few effective ways for public chains to enter the Chinese market and scale up due to legal and regulatory requirements and how these projects position themselves,” the memo, translated by Coindesk from the original Chinese, said of this latest development.
Related:'Sharing Economy' Startup ShareRing Tapped for China's Blockchain Service Network
“The public decentralized chains will become public permissioned consortium chains, which can be supervised by regulators, and that is currently the most direct and effective way for the projects to be compliant and reach domestic users within China.”
Read more:China Aims to Be the World’s Dominant Blockchain Power – With Help From Google, Amazon and Microsoft
These new permissioned chains will look very different from the original versions. To make public decentralized chains, such as Ethereum, permissioned, BSN will only allow its designated operators to build and operate nodes, where dapps verify on-chain transactions and store data. The network will block all peer-to-peer fee transactions and require its users to use renminbi instead of Ethereum “gas” to cover fees for building and running dapps on chain.
“BSN has made it technically impossible to do any virtual currency transactions on the public chains,” the memo said. “BSN strictly follows related laws and regulations and will remove any chain that violates them from the network.”
BSN aims to complete all 24 public chains’ integration with the domestic version of the network during the first quarter of 2021 and enable these chains to share data with each other in the first half of the same year.
The networkhas formed Public Permissioned Blockchain, a consortium to govern the services on adapted public chains. Huobi Group, as the only named member of the consortium in the memo, will be in charge of transaction settlement and clearing, marketing for the new services and operating the official portal.
An unnamed cloud services provider will offer the adapted public chains data storage and other basic internet resources. One of BSN’s backers is Chinese tech conglomerate China Mobile, which has an extensive network of data centers across the country. BSN has also worked with the Chinese branch of Amazon Web Service to provide Internet services for dapps.
BSN is backed by the State Information Center of China, a think tank under the National Development and Reform Commission (NDRC), the highest economic planning agency. BSN will be responsible for compliance with Chinese regulators and adapting the public chains’ technical framework into the network.
While the memo does not disclose any names of these 24 public chains, BSN has already integrated major international projects including Tezos, Ethereum and Cosmos’ IrisNet.
“The 24 public chains are highly reputable in the global blockchain community, however, we will not use their original names when they go live on BSN,” the memo said. The chains will be renamed based on 24 Chinese solar terms, a traditional agricultural calendar that informs farmers of seasonal changes.
For example, one of the 24 solar terms is First Frost, which indicates the weather is getting colder and water droplets are starting to freeze. Insect Awakening means it is getting warmer and insects that hibernate underground are about to wake up and go outside.
Public decentralized blockchains have been underheavy scrutinyfrom the Chinese government since 2017, when China cracked down on initial coin offerings and local exchanges. ICO projects werehard to supervisebecause of their decentralized nature, and authorities feared that wild token speculation could undermine China’sfinancial stability.
The tokens from public chain projects are a threat to China’s long-standingcapital controland monetary sovereignty of the Chinese currency.
For example,tether, an Ethereum-based token pegged to the U.S. dollar, has become one of the most popular ways forcross-border transactionsbetween Asia and the rest of the world. Authorities may also fear tokens could threaten the use of the renminbi and that would jeopardize monetary policies relying on the control of supply and demand of the Chinese currency.
Read more:China’s Blockchain Infrastructure to Extend Global Reach With Six Public Chains
In part to pre-empt the rise of tokens such asbitcoin, the Chinese central bank invented its ownnational virtual currency, Digital Currency Electronic Payment (DCEP) or the digital yuan.
Another reason why China is critical of public decentralized chain projects is the potential for scams, such as Ponzi and pump-and-dump schemes offered as initial coin offerings (ICO) thatmushroomedduring and after the 2017 ICO boom. In September 2017, the Chinese central bank made any centralized ICO fundraising illegal.
The People’s Bank of China also carried out a slew ofcrackdownson centralized crypto exchanges and fiat-crypto trading, and prohibited any Chinese bank from processing crypto-related transactions.
AntChain, a permissioned enterprise blockchain developed by Ant Financial, a subsidiary of Chinese tech giant Alibaba, has been one of the inspirations for BSN to launch the Public Permissioned Blockchain consortium, according to the memo.
“It was a milestone when the company launched Ant Blockchain Open Alliance, a consortium that governs its blockchain-based platform lowering the cost for small and medium enterprises to use blockchain technology,” the memo said. “Technically speaking, it is a public permissioned chain with a few authorized nodes.”
Read more:China’s Blockchain Infrastructure Launches Website for Global Devs
One of the main missions for Ant Financial is to provide small and medium enterprises with a more accessible financing platform based on its public permissioned blockchain technology. The company could also leverage the large client base of Alibaba’s other subsidiaries, such as Ali Cloud for internet and data services and the digital payment company Ant Financial for any financial transactions in its app.
Ant Financial claims its users had been uploading an average of$100 millionin digital assets, including copyright and property ownership certificates as well as transaction records, to its blockchain in July. Chinese shipping giant Cosco said it wastrialingAntChain for tamper-free documentation including container records and import licenses.
The company aims togo publicon the Shanghai and Hong Kong stock exchanges at a valuation of $200 billion. If the deal follows through, it will be arguably the largest company that operates its own enterprise blockchain.
• China’s BSN to ‘Localize’ 24 Public Blockchains by Making Them Permissioned
• China’s BSN to ‘Localize’ 24 Public Blockchains by Making Them Permissioned...
- Reddit Posts (Sample): [['u/Samson1978', 'What makes you so sure about bitcoin price going up?', 10, '2020-10-30 00:36', 'https://www.reddit.com/r/Bitcoin/comments/jklkhd/what_makes_you_so_sure_about_bitcoin_price_going/', 'Serious question. I understand the significance of blockchain technology and how a decentralized financial and record keeping system could change the world.\nMy question is what makes you so sure that in a year or so the price of bitcoin wont be lower than what it is now? Lets not act like that we would be this interested without the financial incentive. \nWhy wouldnt the government ban it? Why wouldnt it just fizzle out or another coin take over? \nThese are question I myself have but also are questions i keep running into. What do you guys say to that?', 'https://www.reddit.com/r/Bitcoin/comments/jklkhd/what_makes_you_so_sure_about_bitcoin_price_going/', 'jklkhd', [['u/TheGreatMuffin', 24, '2020-10-30 00:44', 'https://www.reddit.com/r/Bitcoin/comments/jklkhd/what_makes_you_so_sure_about_bitcoin_price_going/gajqr26/', '> My question is what makes you so sure that in a year or so the price of bitcoin wont be lower than what it is now? \n\nThere is no guarantees to that and anyone promising any kind of price levels in the future is most likely a charlatan. \n\n> Why wouldnt the government ban it? \n\nA few reasons: \n\n* it\'s very very hard to enforce (sure you can ban on/off-ramps, but it\'s almost impossible to ban popular open source software; also it\'s non-physical and tough to confiscate or to surveil, if held/transacted "properly") \n\n* too many businesses, HNWI (High Net Worth Individuals), politicians, lobbyists etc are already involved \n\n* banning bitcoin directly is very much against govermental interests, because almost every government of the world is in direct or indirect competition with other countries\' governments, and "exploiting" bitcoin for their own interests is just more enticing than to outright ban it. It\'s like ban a tech industry: other countries will take advantage of it and you ultimately lose out. \n\nNow, that obviously doesn\'t mean that governments won\'t try to control it in other ways (I\'m very sure they\'ll try), but straight bans I don\'t see, at least not by 1st world governments. \n\n> Why wouldnt it just fizzle out or another coin take over? \n\nIt\'s been 12 years of competition with other coins... This argument is getting old, very literally. Sure, there are no guarantees regarding the future, but it just doesn\'t seem likely at all. Cryptography/cryptocurrencies involve trade offs, and bitcoin makes some hard trade offs in usability, speed, costliness etc, but it\'s not like those are simple things to solve **without** making other trade offs. \n\nA kinda silly but perhaps effective analogy: a tank is slow, clunky tech with limited usecases. But it has very special advantages. If you need it quick and cheap and easy, a tank is probably not the best solution; you probably would prefer a bicycle or a regular car. But if you need it secure, unstoppable and safe, you have to live with the trade offs a tank has to make by its design. It won\'t be quick or easy like a car, but if you want to go into a battle or an adversarial scenario, you surely don\'t want to be driving a car... Or a bicycle. \n\nedit: here\'s an excellent list of resources with posts/articles on the fundamental trade offs bitcoin makes and why those trade offs are important for the security/decentralization of the network: https://gist.github.com/chris-belcher/a8155df5051bb3e3aa96', 'jklkhd']]], ['u/jtoomim', 'BCHN MR !746 merged: Faster transaction relay', 109, '2020-10-30 02:58', 'https://www.reddit.com/r/btc/comments/jknz9k/bchn_mr_746_merged_faster_transaction_relay/', "[MR 746](https://gitlab.com/bitcoin-cash-node/bitcoin-cash-node/-/merge_requests/746\n) is a relatively simple code change, but it has important implications for BCH's UX and scalability.\n\ntl;dr: BCHN will now by default relay transactions 10x faster than before. This will make BCHN's transaction relay much faster than ABC, though not as fast as BU. On the flip side, BCHN will require more bandwidth than ABC at low transaction throughput rates, but less than BU. BCHN has also added the `-txbroadcastinterval` command-line option to allow node operators to configure this behavior more precisely.\n\n# Background on `inv` message batching\n\nThe inv messages for transactions are responsible for the vast majority of a node's total network traffic, since inv messages are sent per peer regardless of whether that peer needs the transaction or not. If a node is sending one inv per tx per peer, and the node has 50 peers, that results in about `120 bytes/tx/peer * 50 peers = 6000 bytes` of network traffic per transaction, or roughly 6x as much traffic as is required for receiving and sending the transaction itself (assuming a typical 500 byte transaction). In this scenario, about 2/3 of the traffic is actually protocol overhead -- mostly TCP/IP overhead, but also bitcoin p2p protocol overhead. This overhead can be mitigated with batching. Using IPv4, inv messages take up about `80 + 40n` bytes per message, where n is the number of transaction hashes being sent. This means that batching behavior can reduce the average traffic per peer per tx from around 120 bytes (for a batch size of 1) to around 44 bytes (for a batch size of 10). The way to achieve large batch sizes is to have a wait time before sending each tx inv to allow extra txs to be ready in each transmission. A batch size of 10 can be achieved with 20 tx/sec and an average wait time of 2 sec, for example.\n\nIf the wait time is mismatched with the transaction throughput rate, it can result in an increase in transaction propagation time without any substantial improvement in bandwidth efficiency. For example, the transaction throughput rate is currently about 0.25 tx/sec. If the wait time is 1 sec, then the typical`inv` message will contain only 1 tx hash. If the wait time is increased to 2 sec, then the typical `inv` message will *still* contain only 1 tx hash. That extra second of delay would make a difference in batch size if the transaction throughput rate were 1 tx/sec, but it makes almost no difference at 0.25 tx/sec.\n\nOn the other hand, delays like this will significantly slow down transaction propagation, and will adversely affect UX. A delay of 2 seconds per connection with 20 connections means that a node will broadcast an inv to one peer every 100 ms on average. This delay, coupled with the natural network ping times of ~100 ms, and the 1.5 round-trip time (RTT) communication needed to send a tx, means that the number of nodes who have a transaction will double roughly every (100 ms + 150 ms) = 250 ms if all network nodes used a 2 second delay with 20 peers. If the network is comprised of 8192 nodes, it would take around 3.25 seconds for a transaction to propagate through the full netowrk. This worsens BCH's UX by making transactions feel slower in 0-conf mode, and gives a much larger time window for double-spends than is desirable. Shorter delays before broadcasting `inv` messages mean a better experience for BCH users, and slightly better 0-conf security.\n\n# Changes in !746\n\nWith !746, BCHN makes two major changes:\n\n1. The default behavior for BCHN will be to wait an average of 500 ms between `inv` broadcasts, rather than 5000 ms. Furthermore, this value can be configured at the command-line with the `-txbroadcastinterval=<ms>` command-line option. Lower values (shorter delays) can accelerate transaction propagation; higher values (longer delays) can reduce upstream traffic for your node and downstream traffic for your node's peers. As before, this value halved for outgoing connections: with the default value of `-txbroadcastinterval=500`, BCHN will make on average one batched broadcast every 500 ms on incoming connections, and one every 250 ms on outgoing connections.\n\n2. BCHN also adds a new option to configure the maximum *throughput* for `inv` announcement messages: `-txbroadcastrate=<tx/sec/MB>`. The default value for this option is the same as before: for each 1 MB of the block size limit, BCHN will allow 7 tx/sec on incoming connections (14 tx/sec/MB on outgoing connections). The default setting of 7 allows for up to `7 tx/sec/MB * 32 MB = 224 tx/sec` of announcement throughput on incoming connections, or 448 tx/sec on outgoing connections. This allows a maximum-sized block (e.g. 32 MB) to be filled with 238-byte average sized transactions in 600 seconds via an incoming connection, or 300 seconds via an outgoing connection. Larger transaction sizes will result in less time being needed to reliably fill blocks. Most users will not need to touch this setting, as the default value is reasonable for most use cases. This limit provides protection against spam attacks while still allowing normal network operation to reliably fill blocks. However, modifying this setting can be useful in some circumstances, such as during stress tests, or for severely bandwidth-constrained applications. Users who are doing stress testing may wish to set this value very high in order to delimit tx broadcasting (e.g. `-txbroadcastrate=9999999`). Users with non-Starlink-based satellite internet (e.g. slow upstream, fast downstream) may wish to experiment with setting this to zero (i.e. `-txbroadcastrate=0`) to avoid relaying transactions, as an alternative to `-blocksonly` mode.\n\n# Comparison to other nodes\n\nBitcoin ABC and [Bitcoin Core](https://github.com/bitcoin/bitcoin/blob/master/src/net_processing.cpp#L126) use an average delay of 5 seconds between broadcasts, which makes batching start at around 0.2 tx/sec. [Bitcoin Unlimited](https://gitlab.com/bitcoinunlimited/BCHUnlimited/-/blob/dev/src/net.cpp#L2579) uses a delay of about 10 ms, so BU's batching begins at around 100 tx/sec. BCHN will now default to using a delay of about 500 ms, or b...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
13781.00, 13737.11, 13550.49, 13950.30, 14133.71, 15579.85, 15565.88, 14833.75, 15479.57, 15332.32
|
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Bitcoin, BTC to USD, rose by 0.88% on Friday. Following on from a 1.39% gain on Thursday, Bitcoin ended the day at $13,568.0. It was a mixed start to the day. Bitcoin rose to an early morning intraday high $13,673.0 before hitting reverse. Falling short of the first major resistance level at $13,729, Bitcoin slid to a mid-morning intraday low $13,120.0 Steering clear of the first major support level at $13.072, Bitcoin rose to a late afternoon high $13,673.0 before easing back. The near-term bullish trend remained intact, supported by the latest move through to $13,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $6,400 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was bearish day on Friday. Binance Coin and Crypto.com Coin slid by 4.52% and by 5.88% to lead the way down. Bitcoin Cash SV (-2.30%), Cardano’s ADA (-1.92%), Chainlink (-1.65%), Ethereum (-1.22%), Litecoin (-1.55%), and Ripple’s XRP (-1.36%) also struggled. Bitcoin Cash ABC (-1.06%) and Polkadot (-0.33%) saw relatively modest losses on the day. In current the week, the crypto total fell to a Wednesday low $377.69bn before striking a Friday high $585.96. At the time of writing, the total market cap stood at $394.82bn. Bitcoin’s dominance rose to a Friday high 64.16% before sliding to a Saturday low 43.18%. At the time of writing, Bitcoin’s dominance stood at 63.90%. This Morning At the time of writing, Bitcoin was up by 0.38% to $13,619.0 A mixed start to the day saw Bitcoin fall to an early morning low $13,525.0 before rising to a high $13,649.0. Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was another mixed start to the day. Cardano’s ADA (-0.05%) and Crypto.com Coin (-1.18%) bucked the trend early on. It was a bullish start for the rest of the majors, however. At the time of writing, Litecoin was up by 1.35% to lead the way. Story continues For the Bitcoin Day Ahead Bitcoin would need to avoid a fall through the pivot level at $13,454 to bring the first major resistance level at $13,787 into play. Support from the broader market would be needed, however, for Bitcoin to break back through to $13,700 levels. Barring an extended crypto rally, the first major resistance level would likely cap any upside. In the event of another crypto breakout, Bitcoin could test resistance at $14,000 before any pullback. The second major resistance level sits at $14,007. Failure to avoid a fall through the $13,454 pivot would bring the first major support level at $13,234 into play. Barring another extended crypto sell-off, Bitcoin should steer well clear of sub-$13,000 levels. The second major support level sits at $12,901. This article was originally posted on FX Empire More From FXEMPIRE: Who Do You Choose, Gold? Trump or Biden? Gold Price Prediction – Prices Rebound Despite a Rising Greenback S&P 500 Weekly Price Forecast – Stock Markets Get Hammered E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – Big Test for Bulls at 10917.50 – 10557.25 S&P 500 Price Forecast – Stock Markets Continue to Test Support Natural Gas Weekly Price Forecast – Continue Massive Drive Higher', 'Bitcoin, BTC to USD, rose by 0.88% on Friday. Following on from a 1.39% gain on Thursday, Bitcoin ended the day at $13,568.0. It was a mixed start to the day. Bitcoin rose to an early morning intraday high $13,673.0 before hitting reverse. Falling short of the first major resistance level at $13,729, Bitcoin slid to a mid-morning intraday low $13,120.0 Steering clear of the first major support level at $13.072, Bitcoin rose to a late afternoon high $13,673.0 before easing back. The near-term bullish trend remained intact, supported by the latest move through to $13,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $6,400 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was bearish day on Friday. Binance Coin and Crypto.com Coin slid by 4.52% and by 5.88% to lead the way down. Bitcoin Cash SV (-2.30%), Cardano’s ADA (-1.92%), Chainlink (-1.65%), Ethereum (-1.22%), Litecoin (-1.55%), and Ripple’s XRP (-1.36%) also struggled. Bitcoin Cash ABC (-1.06%) and Polkadot (-0.33%) saw relatively modest losses on the day. In current the week, the crypto total fell to a Wednesday low $377.69bn before striking a Friday high $585.96. At the time of writing, the total market cap stood at $394.82bn. Bitcoin’s dominance rose to a Friday high 64.16% before sliding to a Saturday low 43.18%. At the time of writing, Bitcoin’s dominance stood at 63.90%. This Morning At the time of writing, Bitcoin was up by 0.38% to $13,619.0 A mixed start to the day saw Bitcoin fall to an early morning low $13,525.0 before rising to a high $13,649.0. Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was another mixed start to the day. Cardano’s ADA (-0.05%) and Crypto.com Coin (-1.18%) bucked the trend early on. It was a bullish start for the rest of the majors, however. At the time of writing, Litecoin was up by 1.35% to lead the way. Story continues For the Bitcoin Day Ahead Bitcoin would need to avoid a fall through the pivot level at $13,454 to bring the first major resistance level at $13,787 into play. Support from the broader market would be needed, however, for Bitcoin to break back through to $13,700 levels. Barring an extended crypto rally, the first major resistance level would likely cap any upside. In the event of another crypto breakout, Bitcoin could test resistance at $14,000 before any pullback. The second major resistance level sits at $14,007. Failure to avoid a fall through the $13,454 pivot would bring the first major support level at $13,234 into play. Barring another extended crypto sell-off, Bitcoin should steer well clear of sub-$13,000 levels. The second major support level sits at $12,901. This article was originally posted on FX Empire More From FXEMPIRE: Who Do You Choose, Gold? Trump or Biden? Gold Price Prediction – Prices Rebound Despite a Rising Greenback S&P 500 Weekly Price Forecast – Stock Markets Get Hammered E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – Big Test for Bulls at 10917.50 – 10557.25 S&P 500 Price Forecast – Stock Markets Continue to Test Support Natural Gas Weekly Price Forecast – Continue Massive Drive Higher', 'Our mission to help you navigate the new normal is fueled by subscribers. To enjoy unlimited access to our journalism,subscribe today.As Joe Biden and Donald Trump make their final plea for votes, they’re visiting battleground states with sharply different economic realities.Case in point: While the unemployment rate in September in Iowa sits at 4.7%, Nevada has a jobless rate of 12.6%. Nationally, thejobless rate is at 7.9%.\nTrump has a54% chance of taking Iowa, while Biden has a90% chance of getting a win in Nevada, according to FiveThirtyEight. But just because a state is doing better economically doesn’t mean it’s favored for Trump. The results are all over the broad. Nate Silver’s poll aggregator gives Trump the edge in two battleground states with higher jobless rates, Ohio (8.4%) and Texas (8.3%). While some states with lower jobless rates, in particular, Wisconsin (5.4%) and Minnesota (6.0%),are currently projected to go for Biden.\nHow did these economies get so divided?\nA lot of it boils down to what types of jobs make up the state’s economy. Look no further than tourism-heavy Nevada which saw its jobless rate soar from 3.8% in February to a staggering 30.1% in April. While Nevada has since improved to a 12.6% jobless rate, it will struggle to fully recover until Las Vegas tourism business has returned to normal—something that is unlikely to happen until the pandemic is under control.\nThe economies in industrial Midwestern states were hard hit in the spring when factories saw their production lines halt. They’ve yet to fully dig themselves out of the mess. The unemployment rates in Ohio (8.4%), Pennsylvania (8.1%), and Michigan (8.5%) are all above the national 7.9% figure. FiveThirtyEight gives Trump a55%chance of carrying Ohio, but in Pennsylvania and Michigan that chance is just14%and4%, respectively.\nThe recovery is much more swift in rural Midwestern states with heavy agricultural economies—which have rebounded relatively quickly. The jobless rate in Minnesota surged from 3.1% in February to 9.9% in May at the height of shutdowns. But as the state reopened its economy over the summer, it fell to 6.0% as of September. But that recovery is hardly aiding Trump in the polls: Biden has a93% chance of carrying Minnesota.\nAnd it isn’t just battleground states. The highest jobless rates can be found in Hawaii (15.1%), Nevada (12.6%), and California (11%). The lowest are in Nebraska (3.5%), South Dakota (4.1%), and Vermont (4.2%).\nIt might take years for these high unemployment economies to fully rebound. Overall U.S. employment rose by 661,000 in September, bringing the total number of jobs added since May to 11.4 million,according to the U.S. Bureau of Labor Statistics‘ Friday jobs report. But that marks a downshift from the 1.5 million jobs added in August and 1.8 million added in July. If the U.S. continued to add 661,000 jobs per month, it would take 16 months to reach pre-pandemic employment levels.\n• Chobani and PayPal are paying workers more—and rethinking capitalism\n• When it comes to climate change, says Mark Carney,this financial crisis is different—and maybe better\n• Ray Dalio on whyChinese capitalism is on the rise—and why American capitalism is in desperate need of a fix\n• Microsoft’s cloudcould be a bit foggy for the next quarter\n• Coinbase launchescrypto debit cardin U.S. with 1% Bitcoin reward\nThis story was originally featured onFortune.com', 'Our mission to help you navigate the new normal is fueled by subscribers. To enjoy unlimited access to our journalism, subscribe today . As Joe Biden and Donald T
**Last 60 Days of Bitcoin's Closing Prices:**
[11970.48, 11414.03, 10245.30, 10511.81, 10169.57, 10280.35, 10369.56, 10131.52, 10242.35, 10363.14, 10400.92, 10442.17, 10323.76, 10680.84, 10796.95, 10974.91, 10948.99, 10944.59, 11094.35, 10938.27, 10462.26, 10538.46, 10246.19, 10760.07, 10692.72, 10750.72, 10775.27, 10709.65, 10844.64, 10784.49, 10619.45, 10575.97, 10549.33, 10669.58, 10793.34, 10604.41, 10668.97, 10915.69, 11064.46, 11296.36, 11384.18, 11555.36, 11425.90, 11429.51, 11495.35, 11322.12, 11358.10, 11483.36, 11742.04, 11916.33, 12823.69, 12965.89, 12931.54, 13108.06, 13031.17, 13075.25, 13654.22, 13271.29, 13437.88, 13546.52]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2020-10-31
**Financial & Commodity Data:**
- Gold Closing Price: $1877.40
- Crude Oil Closing Price: $35.79
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $248,889,335,350
- Hash Rate: 112330244.94987756
- Transaction Count: 275796.0
- Unique Addresses: 613906.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.73
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: New York federal prosecutors charged two men with running a phony bitcoin brokerage service that duped victims of $5 million. As alleged in a criminal complaint unsealed Monday , former fugitive Randy Craig Levine and disbarred attorney Philip Reichenthal never bought their two high-rolling investors any bitcoin despite promising to do so. One victim, an unnamed “purported cryptocurrency escrow firm,” wired Levine $3 million to fund an over-the-counter desk’s bitcoin buy, according to prosecutors, who said the second victim, a Florida bitcoin investor, wired Levine $2 million. Levine allegedly told the victims their funds were moved into an “escrow” service and then stopped responding to the victims’ questions. But Levine’s escrow was actually Reichenthal’s money-laundering front, prosecutors allege. They claim Reichenthal wired millions to Russian, Mexican and Guatemalan bank accounts controlled by Levine aliases. Levine and Reichenthal allegedly pocketed the money, giving their victims no refunds or bitcoin. The pair face allegations of wire fraud, money laundering and commodities fraud in New York federal district court. Levine is currently awaiting extradition from Austria; he’s been on the run from U.S. authorities since 2005. Reichenthal was disbarred last October in a Florida court. Related Stories Two Charged With Duping Investors Out of $5M With Bogus Bitcoin-Buying Brokerage Two Charged With Duping Investors Out of $5M With Bogus Bitcoin-Buying Brokerage Two Charged With Duping Investors Out of $5M With Bogus Bitcoin-Buying Brokerage Two Charged With Duping Investors Out of $5M With Bogus Bitcoin-Buying Brokerage View comments...
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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13737.11, 13550.49, 13950.30, 14133.71, 15579.85, 15565.88, 14833.75, 15479.57, 15332.32, 15290.90
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Bitcoin, BTC to USD, rose by 1.62% on Saturday. Following on from a 0.88% gain on Friday, Bitcoin ended the day at $13,788.0.\nIt was a mixed start to the day. Bitcoin fell to an early morning intraday low $13,425.0 before making a move.\nSteering clear of the first major support level at $13,234, Bitcoin rallied to a late morning intraday high $14,055.0.\nBitcoin broke through the first major resistance level at $13,787 and the second major resistance level at $14,007.\nA pullback going into the afternoon saw Bitcoin fall back to sub-$13,600 levels before finding support.\nRange-bound through the 2ndhalf of the day, however, the first major resistance level at $13,787 pinned Bitcoin back.\nThe near-term bullish trend remained intact, supported by the latest move through to $14,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $6,400 to form a near-term bearish trend.\nAcross the rest of the majors, it was a mixed day on Saturday.\nCrypto.com Coin (-0.47%) and Cardano’s ADA (-0.49%) saw red to buck the trend on the day.\nIt was a bullish day for the rest, however, with Litecoin rallying by 3.18% to lead the way.\nBitcoin Cash SV (+1.84%), Chainlink (+1.32%), and Ethereum (+1.04%) also found relatively strong support.\nBinance Coin (+0.15%), Bitcoin Cash ABC (+0.25%), Polkadot (+0.77%), and Ripple’s XRP (+0.29%) saw relatively modest gains on the day.\nIn current the week, the crypto total market cap fell to a Wednesday low $377.69bn before striking a Saturday high $604.34. At the time of writing, the total market cap stood at $402.37bn.\nBitcoin’s dominance slid to a Saturday low 43.21% before bouncing back to a Saturday high 64.19%. At the time of writing, Bitcoin’s dominance stood at 64.01%.\nAt the time of writing, Bitcoin was down by 0.01% to $13,787.0. A mixed start to the day saw Bitcoin fall to an early morning low $13,708.0 before rising to a high $13,795.0\nBitcoin left the major support and resistance levels untested early on.\nElsewhere, it was a mixed start to the day with Binance Coin falling by 0.22% to buck the trend.\nIt was a relatively bullish start for the rest of the majors, however.\nAt the time of writing, Ethereum was up by 0.78% to lead the way.\nBitcoin would need to avoid a fall back through the pivot level at $13,756 to bring the first major resistance level at $14,087 into play.\nSupport from the broader market would be needed, however, for Bitcoin to break out from Saturday’s high $14,055.\nBarring an extended crypto rally, the first major resistance level and resistance at $14,100 would likely cap any upside.\nIn the event of another crypto breakout, Bitcoin could test resistance at $14,400 before any pullback. The second major resistance level sits at $14,386.\nFailure to avoid a fall back through the $13,756 pivot would bring the first major support level at $13,457 into play.\nBarring an extended crypto sell-off, Bitcoin should steer well clear of sub-$13,400 levels. The second major support level sits at $13,126.\nThisarticlewas originally posted on FX Empire\n• The Week Ahead – The Presidential Election, COVID-19, and Brexit to Drive the Markets\n• Natural Gas Price Prediction – Prices Rise as a New Storm Enters the Caribbean\n• European Equities: A Month in Review – October 2020\n• European Equities: A Week in Review – 30/10/20\n• US Stock Market Overview – Stocks Drop Led Down by Technology\n• Natural Gas Weekly Price Forecast – Continue Massive Drive Higher', 'Bitcoin, BTC to USD, rose by 1.62% on Saturday. Following on from a 0.88% gain on Friday, Bitcoin ended the day at $13,788.0. It was a mixed start to the day. Bitcoin fell to an early morning intraday low $13,425.0 before making a move. Steering clear of the first major support level at $13,234, Bitcoin rallied to a late morning intraday high $14,055.0. Bitcoin broke through the first major resistance level at $13,787 and the second major resistance level at $14,007. A pullback going into the afternoon saw Bitcoin fall back to sub-$13,600 levels before finding support. Range-bound through the 2 nd half of the day, however, the first major resistance level at $13,787 pinned Bitcoin back. The near-term bullish trend remained intact, supported by the latest move through to $14,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $6,400 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was a mixed day on Saturday. Crypto.com Coin (-0.47%) and Cardano’s ADA (-0.49%) saw red to buck the trend on the day. It was a bullish day for the rest, however, with Litecoin rallying by 3.18% to lead the way. Bitcoin Cash SV (+1.84%), Chainlink (+1.32%), and Ethereum (+1.04%) also found relatively strong support. Binance Coin (+0.15%), Bitcoin Cash ABC (+0.25%), Polkadot (+0.77%), and Ripple’s XRP (+0.29%) saw relatively modest gains on the day. In current the week, the crypto total market cap fell to a Wednesday low $377.69bn before striking a Saturday high $604.34. At the time of writing, the total market cap stood at $402.37bn. Bitcoin’s dominance slid to a Saturday low 43.21% before bouncing back to a Saturday high 64.19%. At the time of writing, Bitcoin’s dominance stood at 64.01%. This Morning At the time of writing, Bitcoin was down by 0.01% to $13,787.0. A mixed start to the day saw Bitcoin fall to an early morning low $13,708.0 before rising to a high $13,795.0 Story continues Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was a mixed start to the day with Binance Coin falling by 0.22% to buck the trend. It was a relatively bullish start for the rest of the majors, however. At the time of writing, Ethereum was up by 0.78% to lead the way. For the Bitcoin Day Ahead Bitcoin would need to avoid a fall back through the pivot level at $13,756 to bring the first major resistance level at $14,087 into play. Support from the broader market would be needed, however, for Bitcoin to break out from Saturday’s high $14,055. Barring an extended crypto rally, the first major resistance level and resistance at $14,100 would likely cap any upside. In the event of another crypto breakout, Bitcoin could test resistance at $14,400 before any pullback. The second major resistance level sits at $14,386. Failure to avoid a fall back through the $13,756 pivot would bring the first major support level at $13,457 into play. Barring an extended crypto sell-off, Bitcoin should steer well clear of sub-$13,400 levels. The second major support level sits at $13,126. This article was originally posted on FX Empire More From FXEMPIRE: The Week Ahead – The Presidential Election, COVID-19, and Brexit to Drive the Markets Natural Gas Price Prediction – Prices Rise as a New Storm Enters the Caribbean European Equities: A Month in Review – October 2020 European Equities: A Week in Review – 30/10/20 US Stock Market Overview – Stocks Drop Led Down by Technology Natural Gas Weekly Price Forecast – Continue Massive Drive Higher', 'Our mission to help you navigate the new normal is fueled by subscribers. To enjoy unlimited access to our journalism, subscribe today . Four years ago, Donald Trump became the second presidential candidate after George W. Bush in 2000 to lose the popular vote and take the White House. It\x92s a given that he\x92ll come up short in the national count this time, too. The outcome hinges on Trump\x92s ability to keep that deficit narrow enough to secure a second victory in the electoral college. In 2016, Trump prevailed with a relatively low number of total ballots, because third-party candidates amassed a far higher proportion than in most elections, and Trump got the maximum mileage imaginable from his haul by edging Hillary Clinton by less than a point in no fewer than three electoral vote-rich states, Michigan, Wisconsin, and Pennsylvania. To win reelection, Trump needs to immensely boost his performance in the popular vote. Paul Krishnamurty, a professional political gambler and elections expert for the U.K. betting site Betfair\x96\x96the venue has booked $260 million on the election so far and expects that number to double in the days to come\x96\x96reckons that Trump must raise his 2016 count of 63 million by roughly 11 million, or 17%, to stand a decent chance. That\x92s the net increase required, meaning as of today, Trump must squeeze enough new votes from his white, blue-collar, non\x96college-educated base and groups newly leaning his way to make up for his losses among seniors, independents, and disgruntled Republicans, and still add 10-plus million to his 2016 total. Trump can get part of the way by rallying his hard core of white working-class voters and notching gains with Latinos impressed by his handling of the economy and tough stance on Cuba. \x93He seems to think he can get millions of working-class folks who weren\x92t enthused enough to vote for him the last time, to vote for him this time,\x94 says Krishnamurty. \x93Some of them will, but it won\x92t be nearly enough.\x94 Adds University of Florida professor Michael McDonald, who heads the United States Elections Project, an excellent source for voter turnout data: \x93Trump\x92s main strategy is attempting to make Biden appear unlikable, like Hillary Clinton. But that messaging is not getting through.\x94 Trump can only win by somehow broadening his appeal in the last days of the campaign. He\x92d need to bring home millions of the graying Americans appalled by his management of the COVID crisis, and dampen the suburbanites\x92 surging enthusiasm for Biden. It\x92s unclear that claiming the former VP would undermine Social Security and Medicare, or his law and order message pledging to protect homeowners by quelling violence in the cities, get him anywhere near the giant gains in the popular vote needed for victory. Story continues A major problem for Trump is that a big chunk of the electorate shunned both the Republican and Democratic
**Last 60 Days of Bitcoin's Closing Prices:**
[11414.03, 10245.30, 10511.81, 10169.57, 10280.35, 10369.56, 10131.52, 10242.35, 10363.14, 10400.92, 10442.17, 10323.76, 10680.84, 10796.95, 10974.91, 10948.99, 10944.59, 11094.35, 10938.27, 10462.26, 10538.46, 10246.19, 10760.07, 10692.72, 10750.72, 10775.27, 10709.65, 10844.64, 10784.49, 10619.45, 10575.97, 10549.33, 10669.58, 10793.34, 10604.41, 10668.97, 10915.69, 11064.46, 11296.36, 11384.18, 11555.36, 11425.90, 11429.51, 11495.35, 11322.12, 11358.10, 11483.36, 11742.04, 11916.33, 12823.69, 12965.89, 12931.54, 13108.06, 13031.17, 13075.25, 13654.22, 13271.29, 13437.88, 13546.52, 13781.00]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2020-11-01
**Financial & Commodity Data:**
- Gold Closing Price: $1877.40
- Crude Oil Closing Price: $35.79
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $248,889,335,350
- Hash Rate: 124259120.51977606
- Transaction Count: 276280.0
- Unique Addresses: 592197.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.72
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Zero Hash now able to act as a gateway to the North American continent, powering access for the digital asset ecosystem CHICAGO, Oct. 30, 2020 (GLOBE NEWSWIRE) -- Zero Hash today announced that it has successfully registered as a Canadian Money Service Business (MSB) with the Financial Transactions and Reports Analysis Centre of Canada, better known as FINTRAC, to service Canadian residents. In the United States, Zero Hash is already registered as an MSB with FinCen, holds a Money Transmitter License or relevant exemption in 50 states/territories and a New York BitLicense holder. Similar to how “Banking as a Service” enables companies to focus on building products, Zero Hash provides the infrastructure to settle digital assets in a completely automated and regulated way. Zero Hash’s client base, that it has publicly announced, includes payment service providers including Moonpay and Banxa, established broker dealers including Tradestation and now tastyworks as well as some of the largest OTC groups globally. In early 2020, FINTRAC unveiled plans for an “enhanced AML regime” and the requirement for crypto firms servicing Canadian residents to register as a Money Service Business. Such registration establishes scrutiny on cryptocurrency transfers and customer identification. “We are pleased that our registration with FINTRAC allows us to be the true gateway to North America for companies to launch digital assets or expand into the geography,” said Edward Woodford, Zero Hash’s CEO. “Zero Hash converts high fixed costs and multi-year lead times both from a technical and regulatory perspective into low variable costs, with accessibility to these financial assets with a couple of lines of code.” Key features of Zero Hash include: Identity: Verify users’ identities, with KYC/AML requirements under the BSA and the Proceeds of Crime (Money Laundering) and Terrorist Financing Act. Balance: Verify real-time account balances and deposits across all assets, with ownership validation. Lock: Lock and unlock the withdrawals of assets in real time for committed and exited transactions. Transfer: Transfer the ownership of assets with Zero Hash providing the regulatory framework to serve the entire North American continent. All transfers can be automated with a full screening of assets to ensure compliance and peace of mind. Transactions: Access detailed transaction history with real time transaction updates across 100+ transaction pairs. About Zero Hash Zero Hash’s mission is to empower innovators by delivering access to the financial system 2.0. Zero Hash enables developers and businesses to focus on building experiences and products. We power your favorite brokerage app or neo bank to offer BTC, provide the rails to the 2.0 payment processors, give platforms the ability to facilitate instantaneous cross border payments and eliminate complexity for moving assets for the world’s largest liquidity providers. Story continues In the United States, Zero Hash is a FinCen-registered Money Service Business as well as a regulated Money Transmitter that can operate in more than 45 states (providing coverage to roughly 99% of the US population). Zero Hash also holds a virtual currency license from NYDFS. Zero Hash was voted Innovator of the Year by the 2019 Profit & Loss Readers Choice Awards. Contact [email protected] View comments...
- Reddit Posts (Sample): [['u/RowanSkie', 'Why are people hating George Donelly?', 18, '2020-11-01 01:04', 'https://www.reddit.com/r/btc/comments/jlsxzw/why_are_people_hating_george_donelly/', "Like, really, I've been seeing people like Marc De Mesel and Hayden Otto call George as a ticking time bomb to destroy BCH. I mean, it's good that there's suspicion but not this much. He has already created lots of infographs and even has explained in full detail how things are going to work.\n\nI mean, sure, he was part of ABC but right now he isn't, and that should be taken as positive as it means Bitcoin ABC is _shit_ at even getting a PR staying long enough to help them in spreading the stupidly-implemented IFP.\n\nI can understand Youtube takedowns, because it's ABC, but one of the top public investors and Bitcoin BCH's head calling a former-ABC PR as a scam?\n\nThis is just the same level of bullshit Hayden Otto himself receives when suspicious BTC maxis call out he's picking certain information.\n\nGeorge has stated a lot of times (look around his posts here) that he is willing to negotiate, but that doesn't mean he's a mercenary.\n\nIf you guys think George will ruin BCH, then do something about it. Make your own infographs. Make your own posts appreciative of the side you are truly with. Don't immediately call out someone with a shady past to be someone who will destroy BCH.\n\nOr else you guys might as well focus on Roger Ver because he got jailed and voted for BTC.\n\nThe distrust is good, but showing off as pointing accusing fingers? Not much good.", 'https://www.reddit.com/r/btc/comments/jlsxzw/why_are_people_hating_george_donelly/', 'jlsxzw', [['u/MobTwo', 27, '2020-11-01 01:54', 'https://www.reddit.com/r/btc/comments/jlsxzw/why_are_people_hating_george_donelly/gar07db/', "I can see why there are some whom are skeptical of him. It happened because of his previous Dash history. And people are right to be skeptical and it is up to George to prove them wrong through his actions.\n\nI think people can remember history very well. For example, I remember when Josh Ellithorpe helped me on the LocalBitcoinCash's login bug. Or when Corbin Fraser helped me on the LocalBitcoinCash's css. These happened 3 years ago. I would not be surprised if others remember George's Dash history as well. I also remember things like when Jonathan Toomim went around hospitals donating medical supplies and helped answer my mining questions. These observations helped me understand people slightly better and when people problems happened, I rely on these memories to make decisions. In fact, it was Marc who alerted me well in advance about Amaury. I remember the whole conversation and which restaurant it took place at. The problem is, I act based on evidence and not claims so while I remember Marc's warning, I didn't act on it (unfortunately). In hindsight, it is easy to see that Marc was absolutely correct about Amaury.\n\nAnd yes, I think people are right to remain cautious of George (due to his Dash history) and it is up to George's actions to prove others wrong. That's why reputation and track record is important. And while it may take years to build up reputation, it can be destroyed in a single day. Don't ask me why but that's how it is.", 'jlsxzw'], ['u/MobTwo', 10, '2020-11-01 02:48', 'https://www.reddit.com/r/btc/comments/jlsxzw/why_are_people_hating_george_donelly/gar52za/', 'At that point, I did believe him to be Satoshi. I was wrong. Are people not allowed to make mistakes? I changed my mind when there are evidence showing otherwise.', 'jlsxzw'], ['u/MobTwo', 11, '2020-11-01 03:00', 'https://www.reddit.com/r/btc/comments/jlsxzw/why_are_people_hating_george_donelly/gar643q/', "I seen his interviews, Gavin's statement about Craig, the old blog posts (which I now understand to be fake), the interview piece from Andrew O'Hagan, etc. Turns out, I was wrong. Gavin was also wrong. I didn't know people are not allowed to make mistakes or be wrong about someone else.\n\nIt is ironic for someone like you, playing both sides to lecture me about such matters. https://insights.santiment.net/read/is-blockstream's-greg-maxwell-secretly-u_contrarian_%3F-new-drama-engulfs-r%2Fbtc-346?_wc=1\n\nI made mistakes, yes, but at least I have basic ethics and morals.", 'jlsxzw'], ['u/MobTwo', 18, '2020-11-01 03:30', 'https://www.reddit.com/r/btc/comments/jlsxzw/why_are_people_hating_george_donelly/gar8qn8/', "I am not the best person to answer this because I don't know the full story. What I do know is that George left Dash not exactly on the best of terms. There were some hostilities involved.\n\nFrom Hayden's perspective, I can also understand why he is pissed. I try to put myself in his shoes. I (as Hayden) go around North Queensland growing adoption for Bitcoin Cash over many months. Then I (as Hayden) started a marketing Flipstarter and it wasn't funded. George just came into Bitcoin Cash recently and his marketing campaign was funded. This seems so unfair. But what Hayden didn't see is that support for a malicious dictator has worked against him this year. Loyalty for a dictator usually doesn't pay off because dictatorships generally don't last very long. There are outliers for sure, like North Korea, but looking at history, most don't last. And a dictator that is willing to burn down Bitcoin Cash for his personal benefit, I am glad such people is out of Bitcoin Cash for good.", 'jlsxzw'], ['u/slowsynapse', 12, '2020-11-01 04:41', 'https://www.reddit.com/r/btc/comments/jlsxzw/why_are_people_hating_george_donelly/garenh9/', 'Hayden got more pledges than George did, had he asked for a more reasonable amount he would have been funded immediately. \n\n\nIf Hayden leaves (which he seems adamant to) - I consider that a great loss to Bitcoin Cash. I wish him well in his endeavors.', 'jlsxzw'], ['u/MobTwo', 11, '2020-11-01 04:56', 'https://www.reddit.com/r/btc/comments/jlsxzw/why_are_people_hating_george_donelly/garftks/', "> Hayden got more pledges than George did\n\nExactly. I told Hayden that he still has lots of support from the community. But that support will erode along with the dictator whom is willing to burn down the entire ecosystem in order to receive some IFP money into his own pockets.\n\nIn any case, I wish Hayden well. I don't have problems with him even though we disagree on some things.", 'jlsxzw'], ['u/mtrycz', 14, '2020-11-01 06:43', 'https://www.reddit.com/r/btc/comments/jlsxzw/why_are_people_hating_george_donelly/garn7kl/', 'What is your contribution to the topic at hand?', 'jlsxzw'], ['u/MemoryDealers', 15, '2020-11-01 07:17', 'https://www.reddit.com/r/btc/comments/jlsxzw/why_are_people_hating_george_donelly/garp7qs/', 'Thank you for your efforts George. Lots of us appreciate it.', 'jlsxzw'], ['u/moleccc', 11, '2020-11-01 10:51', 'https://www.reddit.com/r/btc/comments/jlsxzw/why_are_people_hating_george_donelly/gas1sgh/', "Everyone can speak for Bitcoin cash. Like falkvinge saying he's the ceo.", 'jlsxzw'], ['u/Marc_De_Mesel', 26, '2020-11-01 11:18', 'https://www.reddit.com/r/btc/comments/jlsxzw/why_are_people_hating_george_donelly/gas3n7u/', 'I\'m warning people about George Donnelly because Bitcoin and Bitcoin Cash have been damaged too much by toxic people climbing the ranks, and taking over the project implementing rent seeking policies reducing growth (BTC onchain transaction limit and high fees to force use their second layer, BSV copyright claims, ABC devtax).\n\n&#x200B;\n\nThis would not have happened if these people their bad behaviors, of which there is always plenty, were called out earlier in time and as a community block them from climbing the ranks.\n\nSo if you see someone do it, climb the ranks, but there are big red flags of destructive behavior in past or present, you have to speak up, as to slow the person down and inform everyone to not support this person climbing higher.\n\n&#x200B;\n\nGeorge Donnelly has a past full of conflict with the people he once worked for. For Free State Project he did some voluntary work that was shunned after. For Dash he worked intensively and left in dispute with most of the community, not because he claims to have been honest where Dash was not, but because he burned down the work he had done for them and got payed for by aiming to convert Dash merchants into Bitcoin Cash merchants.\n\nWith BitcoinABC he left a sour taste, and again not because he became more honest than BitcoinABC but because he started working for the other side, thereby destroying all the work he did for them as a once loud supporter of devtax now became loud opposer of devtax, as well as using material that he was payed for to produce, as his own.\n\nMost importantly thou, he chose to work for BitcoinABC and Amaury to market IFP/devtax, when it was already clear how controversial and destructive it would be. And he went full force, spamming this reddit forum constantly with pro IFP propaganda where he even claimed Bitcoin Cash should not be permissionless:\n\n[https://twitter.com/MarcDeMesel/status/1322561558061436929](https://twitter.com/MarcDeMesel/status/1322561558061436929)\n\n&#x200B;\n\nThis behavior is one of a mercenary. A person who will choose sides, based on who pays the most, not who is right. And will flip sides and turn on his previous employer if the other one pays more or starts losing the battle.\n\nHis objectives in order to raise 300 BCH or so via flipstarter are unrealistic, aiming of onboarding 1 million new users to BCH while he hasn\'t onboarded a single one yet to my knowledge. It\'s a politician\'s and scammer\'s approach to promise the world, and always ends in disappointment. True value creators under promise and over deliver.\n\n&#x200B;\n\nGeorge Donnelly is a very smart man, understanding concepts well and knows how to communicate them, very socially intelligent, knows how to connect with people and bring them together and has lots of energy, works very hard, hence why he continues ...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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13550.49, 13950.30, 14133.71, 15579.85, 15565.88, 14833.75, 15479.57, 15332.32, 15290.90, 15701.34
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Bitcoin, BTC to USD, slipped by 0.16% on Sunday. Partially reversing a 1.62% gain from Saturday, Bitcoin ended the week up by 5.52% to $13,756.0. It was a mixed start to the day. Bitcoin rose to an early morning intraday high $13,892.0 before hitting reverse. Falling short of the first major resistance level at $14,087, Bitcoin fell to an early morning intraday low $13,611.0. Steering clear of the first major support level at $13,457, Bitcoin revisited $13,800 levels before easing back into the red. The near-term bullish trend remained intact, supported by the latest move through to $14,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $6,400 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was a mixed day on Sunday. Bitcoin Cash SV (-0.33%) and Litecoin (-0.23%) joined Bitcoin in the red, with Binance Coin ending the day flat. It was a bullish day for the rest of the majors, however. Cardano’s ADA led the way, rallying by 5.49%. Bitcoin Cash ABC (+2.15%), Chainlink (+3.28%), Crypto.com Coin (+1.06%), and Ethereum (+2.63%) also found strong support. Polkadot (+0.99%) and Ripple’s XRP (+0.14%) trailed the front runners, however. For the week, it was a bearish week for the majors. Crypto.com Coin led the way down, sliding by 13.55%. Bitcoin Cash SV (-9.18%), Cardano’s ADA (-7.67%), and Polkadot (-7.53%) also saw heavy losses. Binance Coin (-5.41%), Bitcoin Cash ABC (-1.35%), Chainlink (-4.55%), Ethereum (-2.32%), Litecoin (-5.49%), and Ripple’s XRP (-5.21%) saw relatively modest losses in the week. For the week, the crypto total market cap fell to a Wednesday low $377.68bn before striking a Saturday high $605.88bn. At the time of writing, the total market cap stood at $400.16bn. Bitcoin’s dominance slid to a Saturday low 43.12% before bouncing back to a Sunday high 64.19%. At the time of writing, Bitcoin’s dominance stood at 63.3%. Story continues This Morning At the time of writing, Bitcoin was down by 0.41% to $13,700.0. A mixed start to the day saw Bitcoin rise to an early morning high $13,836.0 before falling to a low $13,700.0. Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was a mixed start to the day with Crypto.com Coin falling by 1.99% to buck the trend. It was a relatively bullish start for the rest of the majors, however. At the time of writing, Bitcoin Cash SV was up by 1.42% to lead the way. For the Bitcoin Day Ahead Bitcoin would need to move back through the pivot level at $13,753 to bring the first major resistance level at $13,895 back into play. Support from the broader market would be needed, however, for Bitcoin to break out from the morning high $13,836.0. Barring an extended crypto rally, the first major resistance level and resistance at $14,000 would likely cap any upside. In the event of another crypto breakout, Bitcoin could test the second major resistance level at $14,034. Failure to move back through the $13,753 pivot would bring the first major support level at $13,614 into play. Barring an extended crypto sell-off, Bitcoin should steer well clear of sub-$13,500 levels. The second major support level sits at $13,472. This article was originally posted on FX Empire More From FXEMPIRE: Market Breakdown May Extend Deeper If Support Is Broken USD/JPY Fundamental Weekly Forecast – Traders Increasingly Preparing for Excessive Volatility EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – November 2nd, 2020 The Week Ahead – The Presidential Election, COVID-19, and Brexit to Drive the Markets U.S Mortgage Rates Hold Steady Ahead of Next Week’s Presidential Election The Crypto Daily – Movers and Shakers – November 2nd, 2020', 'Bitcoin, BTC to USD, slipped by 0.16% on Sunday. Partially reversing a 1.62% gain from Saturday, Bitcoin ended the week up by 5.52% to $13,756.0.\nIt was a mixed start to the day. Bitcoin rose to an early morning intraday high $13,892.0 before hitting reverse.\nFalling short of the first major resistance level at $14,087, Bitcoin fell to an early morning intraday low $13,611.0.\nSteering clear of the first major support level at $13,457, Bitcoin revisited $13,800 levels before easing back into the red.\nThe near-term bullish trend remained intact, supported by the latest move through to $14,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $6,400 to form a near-term bearish trend.\nAcross the rest of the majors, it was a mixed day on Sunday.\nBitcoin Cash SV (-0.33%) and Litecoin (-0.23%) joined Bitcoin in the red, with Binance Coin ending the day flat.\nIt was a bullish day for the rest of the majors, however.\nCardano’s ADA led the way, rallying by 5.49%.\nBitcoin Cash ABC (+2.15%), Chainlink (+3.28%), Crypto.com Coin (+1.06%), and Ethereum (+2.63%) also found strong support.\nPolkadot (+0.99%) and Ripple’s XRP (+0.14%) trailed the front runners, however.\nFor the week, it was a bearish week for the majors.\nCrypto.com Coin led the way down, sliding by 13.55%.\nBitcoin Cash SV (-9.18%), Cardano’s ADA (-7.67%), and Polkadot (-7.53%) also saw heavy losses.\nBinance Coin (-5.41%), Bitcoin Cash ABC (-1.35%), Chainlink (-4.55%), Ethereum (-2.32%), Litecoin (-5.49%), and Ripple’s XRP (-5.21%) saw relatively modest losses in the week.\nFor the week, the crypto total market cap fell to a Wednesday low $377.68bn before striking a Saturday high $605.88bn. At the time of writing, the total market cap stood at $400.16bn.\nBitcoin’s dominance slid to a Saturday low 43.12% before bouncing back to a Sunday high 64.19%. At the time of writing, Bitcoin’s dominance stood at 63.3%.\nAt the time of writing, Bitcoin was down by 0.41% to $13,700.0. A mixed start to the day saw Bitcoin rise to an early morning high $13,836.0 before falling to a low $13,700.0.\nBitcoin left the major support and resistance levels untested early on.\nElsewhere, it was a mixed start to the day with Crypto.com Coin falling by 1.99% to buck the trend.\nIt was a relatively bullish start for the rest of the majors, however.\nAt the time of writing, Bitcoin Cash SV was up by 1.42% to lead the way.\nBitcoin would need to move back through the pivot level at $13,753 to bring the first major resistance level at $13,895 back into play.\nSupport from the broader market would be needed, however, for Bitcoin to break out from the morning high $13,836.0.\nBarring an extended crypto rally, the first major resistance level and resistance at $14,000 would likely cap any upside.\nIn the event of another crypto breakout, Bitcoin could test the second major resistance level at $14,034.\nFailure to move back through the $13,753 pivot would bring the first major support level at $13,614 into play.\nBarring an extended crypto sell-off, Bitcoin should steer well clear of sub-$13,500 levels. The second major support level sits at $13,472.\nThisarticlewas originally posted on FX Empire\n• Market Breakdown May Extend Deeper If Support Is Broken\n• USD/JPY Fundamental Weekly Forecast – Traders Increasingly Preparing for Excessive Volatility\n• EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – November 2nd, 2020\n• The Week Ahead – The Presidential Election, COVID-19, and Brexit to Drive the Markets\n• U.S Mortgage Rates Hold Steady Ahead of Next Week’s Presidential Election\n• The Crypto Daily – Movers and Shakers – November 2nd, 2020', "Square Inc (NYSE: SQ )\xa0said Friday it would give out a grant to a designer seeking to simplify cryptocurrency wallets and make them more accessible to less technology-savvy users. What Happened: The San Francisco-based financial technology company's\xa0cryptocurrency unit announced on Twitter that it was making the grant to Maggie Valentine \x97 who is working \x93to simplify wallet onboarding flows by reducing technical jargon and increasing user education.\x94 Maggie\x92s thesis is that bitcoin should be usable by anyone, regardless of technical proficiency. Difficult wallet UX shouldn't determine who benefits from bitcoin. Her plan is to investigate these problems and publish recommendations to make onboarding more user-friendly. \x97 Square Crypto (@sqcrypto) October 30, 2020 Square also shared Valentine\x92s first detailed proposal on social media, where she questions how to create an \x93intuitive experience for non-crypto users while preserving the security of a user\x92s funds.\x94 Why It Matters: The announcement of the grant comes a month after Square announced a million investment in Bitcoin. The Jack Dorsey-led company\xa0had called cryptocurrency \x93an instrument of economic empowerment\x94 and \x93a way to participate in a global monetary system\x94 which it said is aligned with Square\x92s purpose. Dorsey,\xa0who is also the CEO of Twitter Inc (NYSE: TWTR ), had referred to Bitcoin as the \x93best manifestation\x94 of an internet currency. JPMorgan analysts said in October that Square\x92s Bitcoin investment was a \x93strong vote of confidence for the future of Bitcoin.\x94 The company\x92s Cash App saw revenue through Bitcoin rise 600% in the second quarter. Price Action: Square shares closed nearly 8.8% lower at $154.88 on Friday and fell 0.45% in the after-hours session. Story continues See more from Benzinga Click here for options trades from Benzinga Bitcoin Nears 2018 Post-Bubble Highs As Mainstream Adoption Drives Rally 'Caged Bull' Bitcoin Crosses The K 'Breakout' Mark © 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.", "Square Inc(NYSE:SQ)\xa0said Friday it would give out a grant to a designer seeking to simplify cryptocurrency wallets and make them more accessible to less technology-savvy users.\nWhat Happened:The San Francisco-based financial technology company's\xa0cryptocurrency unitannouncedon Twitter that it was making the grant to Maggie Valentine — who is working “to simplify wallet onboarding flows by reducing technical jargon and increasing user education.”\nSquare alsosharedValenti
**Last 60 Days of Bitcoin's Closing Prices:**
[10245.30, 10511.81, 10169.57, 10280.35, 10369.56, 10131.52, 10242.35, 10363.14, 10400.92, 10442.17, 10323.76, 10680.84, 10796.95, 10974.91, 10948.99, 10944.59, 11094.35, 10938.27, 10462.26, 10538.46, 10246.19, 10760.07, 10692.72, 10750.72, 10775.27, 10709.65, 10844.64, 10784.49, 10619.45, 10575.97, 10549.33, 10669.58, 10793.34, 10604.41, 10668.97, 10915.69, 11064.46, 11296.36, 11384.18, 11555.36, 11425.90, 11429.51, 11495.35, 11322.12, 11358.10, 11483.36, 11742.04, 11916.33, 12823.69, 12965.89, 12931.54, 13108.06, 13031.17, 13075.25, 13654.22, 13271.29, 13437.88, 13546.52, 13781.00, 13737.11]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2020-11-02
**Financial & Commodity Data:**
- Gold Closing Price: $1890.40
- Crude Oil Closing Price: $36.81
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $250,365,377,938
- Hash Rate: 94436931.5950298
- Transaction Count: 224609.0
- Unique Addresses: 543348.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.71
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Bitcoin was lower for a second day, even as traditional markets showed signs of stabilization following Wednesday’s sell-off. Cryptocurrency analysts looked for solace in bitcoin ‘s October-to-date return, still at an impressive 22%, during a month when the Standard & Poor’s 500 Index of U.S. stocks has declined by 2.7%. “The sell-off in equities and gold due to rising COVID infections and restrictive lockdowns had only a limited impact on the digital asset,” Lennard Neo, head of research for the cryptocurrency-focused firm Stack Funds, wrote Thursday in a report . Related: Market Wrap: Bitcoin Hits $13.6K; 500K ETH Options Pile Up for December In traditional markets , European stocks rose as traders awaited a decision from the European Central Bank, headed by President Christine Lagarde, on whether further monetary support is needed amid a resurgence in coronavirus cases. U.S. equity futures pointed toward a higher open, as a key government report showed that the world’s largest economy grew at a 33% pace in the third quarter – a somewhat context-less data point that’s likely to do little beyond serving as an easy talking point for President Donald Trump’s reelection campaign . Market moves Just as bitcoin bulls were starting to salivate over the cryptocurrency’s powerful rally over the past week toward $14,000, a sell-off in traditional markets has dragged prices back down. Investors globally were rattled by reports of a resurgence in coronavirus cases. German Chancellor Angela Merkel announced the country would implement tough new business restrictions , and French President Emmanuel Macron announced plans to impose a national lockdown. Related: Mirage Recovery: What ‘Record’ GDP Growth Tells Us About the Economy Such restrictions could crimp economic growth, theoretically a deflationary development, which could reduce demand for bitcoin in the short term as a hedge against higher consumer prices. There’s also the possibility that some investors, seeing further turmoil ahead, decided to bulk up on cash. One of the easiest things to sell is bitcoin, which is still up 84% year-to-date, even after Wednesday’s sell-off. Story continues “It seems the pressure was too much,” Mati Greenspan, founder of the foreign-exchange and cryptocurrency research firm Quantum Economics, told clients Wednesday. As detailed in First Mover on Wednesday, analysts relying on price-chart patterns have identified few points of resistance along bitcoin’s path from the hitherto rarely breached $14,000 psychological level to the all-time-high around $20,000, reached in 2017. According to Greenspan, “$14,000 is a huge psychological barrier, and I would be delightedly flabbergasted if we were able to pass through it without first seeing a significant pullback.” And as reported Thursday by CoinDesk’s Omkar Godbole , bitcoin options traders are assigning a low probability that the cryptocurrency will end 2020 above $20,000. The implied chances of prices above that level currently stand around 6%, according to the cryptocurrency data firm Skew. “A below-10% probability of record highs by the year end means the market is unconcerned with that outcome,” Vishal Shah, an options trader and founder of Polychain Capital-backed derivatives exchange Alpha5 told Godbole in a Telegram chat. Despite the sincerest wishes of bitcoin bulls, it would take a rally of more than 60% in the next eight weeks for prices to set a new record. It wouldn’t be unprecedented: There have been eight times in the 11-year old cryptocurrency’s recorded history where prices have rallied more than 50% or more in a two-month span. It could be that traders are just being realistic. “The options market is seemingly not getting carried away with the recent strong price momentum,” Sui Chung, CEO of CF Benchmarks, said in a statement to CoinDesk. “If we extrapolate bitcoin’s price action and volatility of the past 90 days till December expiry, then bitcoin appears set to end the year between $14,000 to $15,000.” Read More: Bitcoin’s Options Market Sees Just 6% Chance of $20K Before Year’s End Bitcoin watch Bitcoin’s price rally has paused, with the top cryptocurrency by market value near $13,100, having reached 16-month highs above $13,800 during Wednesday’s Asian trading hours. Investors are rotating money out of stocks and into safe havens like the U.S. dollar and Treasurys on concerns that Germany and France’s new lockdown restrictions would torpedo Eurozone’s fragile economic recovery. Not just bitcoin, but almost every asset denominated in U.S. dollars has taken a beating in the past 24 hours or so. Markets saw similar but more violent action in March when recession fears triggered a global dash for cash. Should the virus figures continue to rise, risk aversion will likely intensify, fueling a more profound decline in the cryptocurrency. However, it’s possible investors could buy the dips, with rising institutional adoption boosting the cryptocurrency’s long-term prospects. Besides, stock markets will likely stabilize, helping bitcoin regain poise if the ECB announces more monetary stimulus later Thursday. While the central bank is expected to maintain the status quo, it could lay the groundwork for additional stimulus in December. Earlier this month, Goldman Sachs said the central bank could boost its pandemic bond-buying program by 400 billion euros ($470 billion) in December to counter deflationary pressures. From a technical analysis standpoint, the immediate bias will remain bullish as long as prices are held above $12,500. On the higher side, the June 2019 high of $13,880 is the level to beat for the bulls. – Omkar Godbole Token watch Bitcoin ( BTC ): Winklevosses’ Gemini cryptocurrency exchange allows purchasing and trading with euros . Ripple ( XRP ) : San Francisco-based payments firm plans to invest in blockchain money-transfer app MoneyTap, a joint venture with Japan’s SBI Holdings. Crypto.com Coin ( CRO ): Cryptocurrency-focused credit-card lender expands in Latin American market, hires former Visa exec Filomena Ruffa as general manager. What’s hot Fidelity’s digital-asset division expands crypto custody service to Asia ( CoinDesk ) Blockchain pioneer Caitlin Long’s Avanti wins approval from Wyoming regulators for new banking charter ( CoinDesk ) Bank of Canada Governor Macklem says digital currency initiative is progressing beyond proof-of-concept stage toward launchable product ( CoinDesk ) FTX crypto exchange launches bitcoin pairs for tokenized versions of top stocks Amazon, Apple, Tesla ( CoinDesk ) Coinbase crypto exchange to launch Visa debit card in U.S. early next year ( CoinDesk ) Former regulator who oversaw New York State’s BitLicense development and more recently led New York Stock Exchange’s regulatory division will now join crypto-friendly venture-capital firm Andreesen Horowitz ( CoinDesk ) Analogs The latest on the economy and traditional finance Federal Reserve might be running low on ammunition to juice market and the economy ( CNBC ) Jack Dorsey, Twitter CEO who also oversees payments-firm-turned-cryptocurrency-investor Square, grilled by U.S. Senator Ted Cruz over tweet platform’s content controls ( WSJ ) Lenders now telling U.S. mall owners to pay up on past-due mortgage bills ( WSJ ) Chinese Communist Party set to detail 15-year economic growth plan ( Bloomberg ) Tweet of the Day Related Stories First Mover: Bitcoin Falls as COVID-19 Surges, ECB’s Lagarde Steps Up, US GDP Hits 33% First Mover: Bitcoin Falls as COVID-19 Surges, ECB’s Lagarde Steps Up, US GDP Hits 33%...
- Reddit Posts (Sample): [['u/Destroya12', 'I just got a sketchy text saying that I sent BTC. Is this a scam?', 16, '2020-11-02 01:48', 'https://www.reddit.com/r/Bitcoin/comments/jmds6q/i_just_got_a_sketchy_text_saying_that_i_sent_btc/', 'Specifically I got a text saying the following: \n\nDear \\[My Name\\] \n\nYou just sent 0.02BTC (0/12 confirmations) Please visit [ledger-chain.info](https://ledger-chain.info) within 30 minutes if you need to cancel. \n\nMy Ledger account records no such transaction. WTF is this? Seems like a scam but how could they get my name and know I have a Ledger?', 'https://www.reddit.com/r/Bitcoin/comments/jmds6q/i_just_got_a_sketchy_text_saying_that_i_sent_btc/', 'jmds6q', [['u/CoinMover', 25, '2020-11-02 01:50', 'https://www.reddit.com/r/Bitcoin/comments/jmds6q/i_just_got_a_sketchy_text_saying_that_i_sent_btc/gaum5a6/', 'Ledger user database was hacked recently. They got phone and email of all users, and have been sending these out. Total scam, yes.', 'jmds6q']]], ['u/WilliamBott', 'Ante Up for Silver Spot Squares #24! 156 ounces to the winner, 40 ounces to the reverse winner! (November 2020)', 12, '2020-11-02 02:16', 'https://www.reddit.com/r/Silverbugs/comments/jme7je/ante_up_for_silver_spot_squares_24_156_ounces_to/', "**[EXTRA EXTRA READ ALL ABOUT IT!! /u/hiiFinance WINS with .70 and /u/NoSilverWorries1 takes the reverse with .07 on a winning spot price of $22.70!!!](https://www.reddit.com/r/Silverbugs/comments/k28mib/congratulations_to_the_winners_of_my_silver_spot/?)**\n\n-----\n\nI am officially RETIRING from doing Silver Spot Squares once the December contest is complete.\n\n[Read about it here.](https://www.reddit.com/r/Silverbugs/comments/jhw3xg/i_am_officially_retiring_from_doing_the_silver/?)\n\n-----\n\n#**PLEASE READ ENTIRE POST AND THE RULES LINKED, AS IT CONTAINS CRITICAL RULES UPDATES FOR YOUR SAFETY AND MINE!**\n\n-----\n\n[Last contest](https://www.reddit.com/r/Silverbugs/comments/j3loo3/ante_up_for_silver_spot_squares_23_156_ounces_to/)\n\n[Last contest's winners](https://www.reddit.com/r/Silverbugs/comments/jl76ts/congratulations_to_the_winners_of_my_silver_spot/?)\n\n[Leaderboard for ALL previous winners](https://www.reddit.com/r/WilliamBott/comments/hh5hdi/silver_spot_squares_contest_leaderboard/)\n\n-----\n\nHey, Will here. Are you ready to win so much silver your mailman hates you? LOOK NO FURTHER!\n\nYou can check my feedback here: https://www.reddit.com/r/PMsFeedback/search?q=williambott&restrict_sr=on&include_over_18=on&sort=new&t=all\n\n-----\n\n[Rules here, and apply to this contest so READ THEM](https://www.reddit.com/r/WilliamBott/comments/gcja8f/rules_for_my_silver_spot_squares_contest_tipping/?)\n\n**Payment methods accepted: Cash App, Zelle, physical silver, cash in the mail, check, money order - alternates can also use any payment method listed!**\n\n**I'm using Cash App and Zelle now and Cash App is taking about 3% from the entries, so PLEASE ADD 3% if you are using Cash App. PLEASE NO NOTES FOR CASH APP AND ZELLE! I already lost my PayPal account and I'm running out of options.** :(\n\nZelle/cash entry fee - November: **$55** per entry/December: **$82.50** per entry \nCash App entry fee - November: **$56.50** per entry/December: **$84.75** per entry \n\nContest end date: Friday, November 27, 2020\n\nBoard: https://i.imgur.com/dIcuEq3.jpg\n\nPot: https://imgur.com/a/Sm7uLkj\n\n-----\n\n**Entries: 100 (FULL!!)**\n\n**List of entrants:**\n\n/u/miamihausjunkie (3) **PAID Silver, Random** \n/u/djtills (1) **PAID Zelle, Random** \n/u/PlatinumGreenCard (1) **PAID Zelle, (2,7)** \n/u/CPlayto (3) **PAID Silver, Random** \n/u/mikeyw972 (1) **PAID Zelle, Random** \n/u/Lord_Sir (1) **PAID Cash App, Random** \n/u/ThyCollector (1) **PAID Zelle, Random** \n/u/PityFool (2) **PAID Zelle, Random** \n/u/fivestarinc (3) **PAID Zelle, Random** \n/u/sdchad (2) **PAID Zelle, Random** \n/u/rulerwithsixhole (3) **PAID Zelle, Random** \n/u/BadAssCodpiece (2) **PAID Cash App, Random** \n/u/pixelberry_ (2) **PAID Zelle, Random** \n/u/DiarrheaShitSoup (2) **PAID Zelle, Random** \n/u/hawkswin1 (3) **PAID Zelle, Random** \n/u/tdb4807 (3) **PAID Silver, Random** \n/u/wkk3211 (2) **PAID Silver, Random** \n/u/jungles_of_fun (3) **PAID Silver, Random** \n/u/MrpibbRedvine (2) **PAID Silver, Random** \n~~/u/mikemjr (2) **Pending Money Order, Random**~~ \n/u/CferDFW (2) **PAID Silver, Random** \n/u/MonsterFish5 (2) **PAID Silver, Random** \n/u/polyphyletic_79 (2) **PAID Cash App, Random** \n~~/u/outdoorsguy2421 (1) **Pending Zelle, Random**~~ \n/u/Pieisgood795 (2) **PAID Zelle, Random** \n/u/Zbag (2) **PAID Zelle, Random** \n/u/GorillaX (3) **PAID Silver (2), PAID Zelle (1), Random** \n/u/R_o_double_B (3) **PAID Zelle, Random** \n/u/JRH1962 (3) **PAID Zelle (2), PAID Silver (1), Random** \n/u/3J3B3 (1) **PAID Zelle, Random** \n/u/elsilver22 (2) **PAID Silver, Random** \n/u/MorganPeace21 (1) **PAID Zelle, Random** \n/u/cincybrian (2) **PAID Zelle, Random** \n/u/silversammy710 (1) **PAID Silver, Random** \n/u/Volkswagens1 (2) **PAID Zelle, Random** \n/u/ThyCollector (1) **PAID Zelle, Random** \n~~/u/Snoo_26884 (2) **Pending Silver, Random**~~ \n/u/Eldudereno (1) **PAID Zelle, Random** \n/u/XTCobriana (1) **PAID Silver, Random** \n/u/Yarl85 (3) **PAID Silver (1), PAID Cash (2), Random** \n/u/NoSilverWorries1 (3) **PAID Zelle, Random** \n/u/-au-ag- (1) **PAID Zelle, Random** \n/u/mistertyme5 (1) **PAID Cash App, Random** \n/u/madsilverman25 (3) **PAID Silver, Random** \n/u/is_pissed_off (1) **PAID Cash App, Random** \n/u/Catman_1975 (3) **PAID Cash App, Random** \n/u/sportsn2 (3) **PAID Zelle, Random** \n/u/OldschoolBTC (1) **PAID Cash App, Random** \n/u/hiiFinance (2) **PAID Cash App, Random** \n/u/ProcessMeMrHinkie (1) **PAID Zelle, Random** \n/u/Bluethunder8585 (1) **PAID Zelle, Random** \n/u/BishopFontana (1) **PAID Cash App, Random** \n/u/MagicalMule (1) **PAID Cash App, Random** \n/u/RSS24 (3) **PAID Zelle, Random** \n/u/ectweak (2) **PAID Cash App, Random**\n\n-----\n\nDecember Pre-registration **MAX 2 SPOTS, 3 ounces each!** (**90** taken out of 94 spots):\n\n/u/CPlayto (2) **PAID Silver, Random** \n/u/miamihausjunkie (2) **PAID Silver, Random** \n/u/hawkswin1 (2) **PAID Zelle, Random** \n/u/MrpibbRedvine (2) **PAID Silver, Random** \n~~/u/mikemjr (2) **Pending Money Order, Random**~~ \n/u/CferDFW (2) **PAID Silver, Random** \n/u/MonsterFish5 (2) **PAID Silver, Random** \n/u/Addictedtocoins (2) **PAID Silver, Random** \n/u/wkk3211 (2) **PAID Silver, Random** \n/u/allthatandabagochips (1) **PAID Zelle, Random** \n/u/Pieisgood795 (1) **PAID Zelle, Random** \n/u/Zbag (1) **PAID Zelle, Random** \n/u/GorillaX (2) **PAID Silver, Random** \n/u/R_o_double_B (2) **PAID Zelle, Random** \n/u/JRH1962 (2) **PAID Zelle, Random** \n/u/3J3B3 (1) **PAID Zelle, Random** \n/u/elsilver22 (2) **PAID Silver, Random** \n/u/MorganPeace21 (1) **PAID Zelle, Random** \n/u/cincybrian (2) **PAID Zelle, Random** \n/u/silversammy710 (1) **PAID Silver, Random** \n/u/Volkswagens1 (2) **PAID Zelle, Random** \n/u/Snoo_26884 (2) **Pending Silver, Random** \n/u/Eldudereno (1) **PAID Zelle, Random** \n/u/NoSilverWorries1 (2) **PAID Zelle, Random** \n/u/-au-ag- (1) **PAID Zelle, Random** \n/u/rulerwithsixhole (2) **PAID Zelle, Random** \n/u/madsilverman25 (2) **PAID Silver, Random** \n/u/is_pissed_off (1) **PAID Cash App, Random** \n/u/Catman_1975 (2) **PAID Cash App, Random** \n/u/sportsn2 (2) **PAID Zelle, Random** \n/u/PityFool (2) **PAID Zelle, Random** \n/u/ProcessMeMrHinkie (1) **PAID Zelle, Random** \n/u/BishopFontana (2) **PAID Cash App, Random** \n/u/MagicalMule (2) **PAID Cash App, Random** \n/u/ectweak (2) **PAID Cash App, Random** \n/u/PlatinumGreenCard (1) **PAID Zelle, (5,6)** \n/u/Cademguru13 (2) **PAID Zelle, Random** \n/u/Harold_Grundelson (1) **PAID Cash App, Random** \n/u/tdb4807 (2) **Pending Silver, Random** \n/u/Sanyometer (2) **PAID Cash, (2,3), (3,7)** \n/u/goofytigre (2) **PAID Zelle, Random** \n/u/mistertyme5 (1) **PAID Cash App, Random** \n/u/MyBlackTights (2) **Pending Silver, Random** \n~~/u/silverbug9 (1) **Pending Zelle, Random**~~ \n/u/coppsilver (2) **PAID Cash App, Random** \n/u/Sniper1Five (2) **PAID Zelle, Random** \n/u/goldstrong (1) **Pending Money Order, Random** \n/u/biocarbon (1) **PAID Zelle, Random** \n/u/hobiwankinobi (2) **PAID Cash App, Random** \n/u/OneoftheSteves (1) **PAID Zelle, Random** \n/u/DiarrheaShitSoup (2) **PAID Zelle, Random** \n/u/RSS24 (2) **PAID Silver, Random** \n/u/grimcow (2) **PAID Silver, Random** \n**Winner of /u/NoSilverWorries1's contest TBD (2) PAID Silver, Random** \n/u/loki4lyf (1) **Random** \n/u/BadAssCodpiece (1) **PAID Cash App, Random**\n\n-----\n\nI'm still doing the $500 back-to-back wins bonus this year, but I posted it in the rules section to clean up the entry page a bit! GOOD LUCK!!!\n\n-----\n\nIf you are mailing physical silver or anything else, keep in mind that right now, the USPS is riskier and more unreliable than at any other time in my lifetime. **The ONLY time-guaranteed shipping is Priority Mail Express 1-day shipping, and ONLY Registered Mail allows you to insure bullion!** I **highly** recommend that no matter what you send, you include some kind of tracking on it and provide me with that tracking when you ship!!\n\n**I CANNOT be responsible for any silver, cash, payments etc. that do not make it into my hands safely! Please make sure that anything you send me is in a trackable package or envelope so we can tell if it is delivered, at the very least, and preferably insured. PACK IT WELL! Make sure it is wrapped tightly on the inside AND outside, that there is no jingling or rattling, and nothing else that might alert the workers to the contents of the package.**", 'https://www.reddit.com/r/Silverbugs/comments/jme7je/ante_up_for_silver_spot_squares_24_156_ounces_to/', 'jme7je', '[]'], ['u/wise_quote', '⚠️Phishing attacks...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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13950.30, 14133.71, 15579.85, 15565.88, 14833.75, 15479.57, 15332.32, 15290.90, 15701.34, 16276.34
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['PayPal Holdings, Inc (NASDAQ: PYPL ) CEO Daniel Schulman said at the company’s third-quarter earnings call Monday that its\xa0cryptocurrency foray\xa0is "just the beginning of the opportunities." What Happened: Schulman said PayPal\xa0is creating “one of the most compelling and expansive” digital wallets in the world — terming\xa0digital wallets as a “natural complement to all forms of digital currencies.” The executive said that the digitization of the global economy along with the rise of the digital wallet will drive PayPal’s growth over the next decade. The Peter Thiel-co-founded company also plans to\xa0allow consumers to use cryptocurrencies as a “funding instrument” to shop across 28 million merchants on the platform. “This solution will not involve any additional integrations, volatility risk, or incremental transaction fees for either consumers or merchants and will fundamentally bolster the utility of cryptocurrencies,” said Schulman. Schulman said it was just the “beginning of the opportunities” as the company will strive to work “hand in hand with regulators to accept new forms of digital currencies.” The executive said that while the use of cash continues to decline, central banks around the world are exploring or trialing new forms of retail digital currencies. “These trends create an opportunity for us to work with central banks and regulators to shape a modern and inclusive financial system,” said Schulman. Why It Matters: PayPal will add cryptocurrency services to its Venmo app by the first half of 2021 and also allow international users to buy, sell, and hold cryptocurrency by the same time period. While some have welcomed PayPal’s foray into Bitcoin and other cryptocurrencies, others have questioned the limited nature of the services it will provide. The San Jose, California-based financial giant is said to be in talks to acquire digital asset custodian BitGo, according to Bloomberg. Story continues PayPal’s third-quarter earnings per share rose 75.41% year-on-year to $1.07 beating estimate of $0.94. Price Action: PayPal shares traded almost 5.7% lower at $177 in the after-hours session on Monday after closing 0.9% higher at $187.76. Photo courtesy: PayPal See more from Benzinga Click here for options trades from Benzinga Bitcoin Nears 2018 Post-Bubble Highs As Mainstream Adoption Drives Rally JPMorgan Says Its Cryptocurrency \'JPM Coin\' Is Now Live © 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.', 'PayPal Holdings, Inc(NASDAQ:PYPL) CEO Daniel Schulman said at the company’s third-quarter earnings call Monday that its\xa0cryptocurrency foray\xa0is "just the beginning of the opportunities."\nWhat Happened:Schulman said PayPal\xa0is creating “one of the most compelling and expansive” digital wallets in the world — terming\xa0digital wallets as a “natural complement to all forms of digital currencies.”\nThe executive said that the digitization of the global economy along with the rise of the digital wallet will drive PayPal’s growth over the next decade.\nThe Peter Thiel-co-founded company also plans to\xa0allow consumers to use cryptocurrencies as a “funding instrument” to shop across 28 million merchants on the platform.\n“This solution will not involve any additional integrations, volatility risk, or incremental transaction fees for either consumers or merchants and will fundamentally bolster the utility of cryptocurrencies,” said Schulman.\nSchulman said it was just the “beginning of the opportunities” as the company will strive to work “hand in hand with regulators to accept new forms of digital currencies.”\nThe executive said that while the use of cash continues to decline, central banks around the world are exploring or trialing new forms of retail digital currencies.\n“These trends create an opportunity for us to work with central banks and regulators to shape a modern and inclusive financial system,” said Schulman.\nWhy It Matters:PayPal will add cryptocurrency services to its Venmo app by the first half of 2021 and also allow international users to buy, sell, and hold cryptocurrency by the same time period.\nWhile some have welcomed PayPal’s foray into Bitcoin and other cryptocurrencies, others havequestioned the limited natureof the services it will provide.\nThe San Jose, California-based financial giant is said to be in talks toacquiredigital asset custodian BitGo, according to Bloomberg.\nPayPal’sthird-quarterearnings per share rose 75.41% year-on-year to $1.07 beating estimate of $0.94.\nPrice Action:PayPal shares traded almost 5.7% lower at $177 in the after-hours session on Monday after closing 0.9% higher at $187.76.\nPhoto courtesy: PayPal\nSee more from Benzinga\n• Click here for options trades from Benzinga\n• Bitcoin Nears 2018 Post-Bubble Highs As Mainstream Adoption Drives Rally\n• JPMorgan Says Its Cryptocurrency \'JPM Coin\' Is Now Live\n© 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.', 'Trust andloyalty rewardshave underpinned U.S. consumer spending for decades. Trust makes it easy to do business with a brand while a loyalty program rewards customers for returning. Such programs stabilize demand andsupply chainsand are effective at increasing revenue in the long run. Smart businesses know how to incentivize their customers and get them in the door with freebies, a deal they can’t ignore\xa0or other smart marketing ideas, but once that customer is in the store, they can sell them the more expensive items.\nLoyalty program members generate 12-18 percent incremental revenue growth year over year compared to non-members, according to a 2017 Accenturestudy. However, the pandemic has led to big changes in terms of what types of incentives customers are looking for. In these difficult times, entrepreneurs want to know about how trust and incentives help consumers choose brands.\nEarning trust online is more critical than ever as the pandemic and work-from-home (WFH) situations force consumers to begin a digital migration. According to a July 2020 McKinseysurvey, 34 percent of respondents have shopped on Instagram based on influencer recommendations. And 55 percent of consumers reported turning to brands they trust during the lockdown.\nWhen it comes to family and friends, the numbers are compelling: 93 percent say they trust family and friends’ brand recommendations while only 38 percent trust info from advertisers, according to a2020 surveyby Kantar Media.\nCompanies need to redesign ecommerce processes, marketing strategies and partnerships to increase customers’ trust in purchases and shopping journeys. Ecommerce and retail are seeing a big shift, but there’s also been a shift in the enterprise software sales side.\nRelated:Want More Referrals? Here Are The Best Ways to Earn Them\nBlockchain companyUTUwhich means “humanity” in Swahili, believes the way to get there is to build a trust-based infrastructure on the web. That means delivering APIs, Oracles and SDKs that enable trust signals to be evaluated dynamically and presented descriptively.\nI recently spoke with Jason Eisen, CEO of UTU, who says that such an infrastructure would make it difficult for businesses, salespeople, advertisers and unethical parties to manipulate product testimonials, ratings and scores. Their technology is valuable for situations when services are researched and obtained digitally. Fake reviews and rankings have grown pervasive online, and these mislead customers into choosing subpar products and services. Thus, cheating and obfuscations are rewarded. Cheaters exist, unfortunately, so businesses need to be proactive and build their infrastructure with possible loopholes in mind.\nIn the last year, 82 percent of consumers haveread a deceptive review, according to 2019 research by marketing firm BrightLocal. In the U.K., fake reviews potentially influence $29.3 billion of customer spending annually.\n“A trust infrastructure must be decentralized and can be tokenized to incentivize the creation of trust and good outcomes,” says Eisen. “In ecommerce, trust unleashes frictionless transactions. Unfortunately, peoples\' data and personal information are taken, their privacy violated\xa0and reputation sold to bidders. Thus, the current approach to digital trust is wrongly conceived, poorly implemented\xa0and subject to rampant abuse and manipulation.”\nLoyalty programs are important mechanisms that help customers choose brands. Modern loyalty incentives were popularized by U.S. airlines in the 1980s with frequent-flyer miles. Since then, various iterations permeate across hyper-competitive, consumer-facing industries — particularly in credit cards, financial services, retail, hotels, entertainment, electronic goods\xa0and groceries. Companies award perks, points, discounts and free goods in exchange for customers’ repeat purchases which, in turn, enhances enterprise value.\nWith the growing popularity of non-sovereign digital coins, as well as smartphones, companies are beginning to turn to cryptocurrencies to reward tech-savvy customers for their loyalty. For instance, Hong Kong-based Powerchain is launching a blockchain-based loyalty points exchange that enables merchants worldwide to offer a more valuable format of loyalty reward.\nI spoke with Michael Mathias, the company’s CEO and the founder ofGreenPower, who says that blockchain-based rewards can significantly enhance value as well as reduce inefficiencies of traditional points. “Blockchain-integrated loyalty points improve trust and ensure security," he says. "The loyalty points on our blockchain-based platform represent a superior format of customer reward that never expires, is never restricted and is exchangeable for other forms of value, including cash.”\nHowever, 75 percent of consumers have changed shopping behaviors because of the pandemic. “Value, availability, and quality or organic products were the main drivers for consumers trying a different brand,”
**Last 60 Days of Bitcoin's Closing Prices:**
[10511.81, 10169.57, 10280.35, 10369.56, 10131.52, 10242.35, 10363.14, 10400.92, 10442.17, 10323.76, 10680.84, 10796.95, 10974.91, 10948.99, 10944.59, 11094.35, 10938.27, 10462.26, 10538.46, 10246.19, 10760.07, 10692.72, 10750.72, 10775.27, 10709.65, 10844.64, 10784.49, 10619.45, 10575.97, 10549.33, 10669.58, 10793.34, 10604.41, 10668.97, 10915.69, 11064.46, 11296.36, 11384.18, 11555.36, 11425.90, 11429.51, 11495.35, 11322.12, 11358.10, 11483.36, 11742.04, 11916.33, 12823.69, 12965.89, 12931.54, 13108.06, 13031.17, 13075.25, 13654.22, 13271.29, 13437.88, 13546.52, 13781.00, 13737.11, 13550.49]
Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2020-11-03
**Financial & Commodity Data:**
- Gold Closing Price: $1908.50
- Crude Oil Closing Price: $37.66
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $250,365,377,938
- Hash Rate: 124332259.0484446
- Transaction Count: 331673.0
- Unique Addresses: 727413.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.71
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: The IRS has clarified some questions around crypto disclosures for the upcoming tax season. A popular DeFi application appears to have been attacked. JPMorgan analysts see “considerable” upsides to bitcoin. Top shelf Crypto guidance The U.S. Internal Revenue Service has clarified that simply holding cryptocurrencies does not need to be disclosed. A published set of draft instructions for this year’s 1040 tax form spells out that returnees must disclose any crypto sales, exchanges for goods or services, or exchanges for property (including other crypto assets). Respondents must also reveal if they received any cryptocurrency for free, including via airdrops or hard forks. “The draft is likely to stand unless there are ‘unexpected issues’ or new legislation requiring changes, the IRS said in the document,” CoinDesk’s Daniel Palmer reports. DeFi drain The $1 billion Harvest Finance protocol appears to have been attacked, draining $25 million worth of bitcoin and stablecoins. The anonymous team behind the popular DeFi application tweeted they are “working actively on the issue of mitigating the economic attack,” adding the malicious actor manipulated stablecoin prices on Curve Finance, another DeFi protocol. DeFi analyst Chris Blec earlier claimed Harvest Finance’s administrators held an “admin key that can drain funds” locked in the protocol’s contracts – though it’s unclear if that level of control is related to the recent exploit. The platform’s native token, FARM, tumbled 65%, and the protocol’s TVL dropped to $673 million (as of 5:00 UTC) on the news. Related: First Mover: Bitcoin Surges to New 2020 High as Harvest Debacle Provides Costly DeFi Lesson Tether forfeits The U.S. government is pursuing a civil forfeiture claim on more than 300,000 units of the tether ( USDT ) cryptocurrency after they were reported stolen in a hack earlier this year, CoinDesk’s Sebastian Sinclair reports. The funds, co-owned by Shixuan Cai and business partner Lin Jian Chen, were frozen by operator Tether after Cai reported the theft to the Los Angeles Police Department (LAPD) in April, court documents show. “Tether routinely assists law enforcement agents and seeks to further their legitimate objectives,” Tether CTO Paolo Ardoino told CoinDesk. “Tether will always play by the rules, obey the law and try to be supportive of the wider digital token community.” Story continues Speech rights The case against Ethereum developer Virgil Griffith, who is charged by the U.S. government with violating sanctions law and executive orders by allegedly discussing how to bypass economic blockades while speaking at a North Korean cryptocurrency conference, stands without merit, the defense claims. In a motion to dismiss, attorney Brian Klein alleges Griffith only provided information that was already in the public domain and that the President of the United States does not have the authority to prohibit the transmission of information, among other claims. Griffith’s arrest last November is the first sanctions case in a U.S. court involving cryptocurrency. Denial of service PayPal has dropped controversial domain registrar and hosting service Epik as a client, according to Mashable. The payments giant said it had ceased servicing the company over concerns about financial risk, potentially related to Epik’s digital currency, a source “close to the situation” suggested. The crypto, Masterbucks, is used to pay for domain services and can be exchanged for U.S. dollars and allegedly has been touted by Epik as a way to avoid certain taxes. PayPal previously raised money transmission and laundering concerns about the digital currency. For its part, Epik is claiming the blockade shows “anti-conservative bias” because the service has become a lifeline to far-right organizations including Gab and the Proud Boys. Quick bites Open interest on Augur prediction markets passes $1M ( The Block ) Quantstamp Says Ethereum 2.0 Ready for Launch ( Decrypt ) ‘It’s This Really Precious Thing.’ Lex Sokolin on DeFi’s Next Chapter, and Frances Coppola on the End of Banks ( Opinionated, CoinDesk ) Why the PayPal Rally Isn’t What It Seems, and Why That’s OK ( Crypto Long & Short, CoinDesk ) Carlyle acquires Calastone, one of largest financial users of enterprise blockchain ( Ledger Insights ) At stake Millennial drivers Bitcoin’s narrative as a store of value received some juice this year – seen by the spate of firms adding BTC to their treasury holdings and support from legacy investors like Paul Tudor Jones . Though a question remains about how the decentralized money may fit itself into the larger investor scheme. Related: First Mover: Bitcoin Steady Over $13K as JPMorgan Has Eureka! Moment Part of the issue here is the investor universe is a moving target, especially as more millennials enter the fray. Last week, JPMorgan’s Global Quantitative and Derivatives Strategy published a note, obtained by CoinDesk’s Zack Voell, detailing how this changing investor landscape could contribute to “considerable” upsides for bitcoin. Comparing bitcoin to gold, the client memo argued that bitcoin should be seen as a “risk” asset rather than a hedge, based on its positive correlation with the Standard & Poor’s 500 Index. The analysts pointed to millennial investors’ interest in cryptocurrency and the demographic’s increasing role in the larger financial scheme. CoinDesk’s Voell notes that bitcoin’s market capitalization would have to increase by a factor of 10 before it could match the total private-sector investment in gold. Though “even a modest crowding out of gold as an alternative currency over the longer term would imply doubling or tripling of the bitcoin price from here,” JPMorgan’s note reads. That said, the analysts suggest bitcoin is “currently overbought for the near term.” Market intel Whale parade The number of bitcoin “whales” – clusters of addresses held by a single network participant holding at least 1,000 BTC – is standing at a four-year high. As of Sunday, there are now 1,939 whales, the highest since Sept. 2016, representing a 2.2% increase since last week. CoinDesk’s Omkar Godbole notes the increase is likely tied to the prevailing bullish pressures around bitcoin’s price, which jumped 13% last week to register its best single-week performance since April. Who won #CryptoTwitter? Related Stories Blockchain Bites: DeFi’s Harvest Hit, IRS’ Crypto Clarification, JPMorgan’s Buoyant Bitcoin Note Blockchain Bites: DeFi’s Harvest Hit, IRS’ Crypto Clarification, JPMorgan’s Buoyant Bitcoin Note...
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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14133.71, 15579.85, 15565.88, 14833.75, 15479.57, 15332.32, 15290.90, 15701.34, 16276.34, 16317.81
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Bitcoin, BTC to USD, rallied by 3.46% on Tuesday. Reversing a 1.40% decline from Monday, Bitcoin ended the day at $14,029.6.\nIt was a mixed start to the day. Bitcoin rose to an early morning high $13,640.0 before hitting reverse.\nFalling short of the first major resistance level at $13,895, Bitcoin slid to an early morning intraday low $13,301.0\nSteering clear of the first major support level at $13,234, Bitcoin rallied to a final hour intraday high $14,066.0.\nBitcoin broke through the first major resistance level at $13,863 to wrap up the day at $14,000 levels.\nThe near-term bullish trend remained intact, supported by the latest move through to $14,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $6,400 to form a near-term bearish trend.\nAcross the rest of the majors, it was a mixed day on Tuesday.\nBinance Coin (-3.32%), Bitcoin Cash ABC (-5.05%), Bitcoin Cash SV (-3.51%), Chainlink (-3.32%), Crypto.com Coin (-4.78%), and Polkadot (-3.19%) saw red on the day.\nIt was a relatively bullish day for the rest of the majors that joined Bitcoin in the green.\nCardano’s ADA (+1.55%), Ethereum (+1.30%), Litecoin (+0.26%), and Ripple’s XRP (+1.71%) found support on the day.\nFor the current week, the crypto total market cap fell to a Tuesday low $379.53bn before hitting a Tuesday high $407.51bn. At the time of writing, the total market cap stood at $398.38bn.\nBitcoin’s dominance fell to a Monday low 63.22% before rising to a Tuesday high 64.91%. At the time of writing, Bitcoin’s dominance stood at 64.79%.\nAt the time of writing, Bitcoin was down by 0.65% to $13,938.6. A mixed start to the day saw Bitcoin rise to an early morning high $14,051.9 before falling to a low $13,903.0.\nBitcoin left the major support and resistance levels untested early on.\nElsewhere, it was a mixed start to the day.\nCrypto.com Coin and Polkadot bucked the trend early on, with gains of 1.16% and 0.17% respectively.\nIt was a bearish start for the rest of the majors, however.\nAt the time of writing, Chainlink was down by 1.00% to lead the way down.\nBitcoin would need to avoid a fall through the pivot level at $13,799 to bring the first major resistance level at $14,297 into play.\nSupport from the broader market would be needed, however, for Bitcoin to break out from Tuesday’s $14,066.0 high.\nBarring an extended crypto rally, the first major resistance level and resistance at $14,300 would likely cap any upside.\nIn the event of another crypto breakout, Bitcoin could test resistance at $14,500 before any pullback. The second major resistance level sits at $14,564.\nFailure to avoid a fall through the $13,799 pivot would bring the first major support level at $13,532 into play.\nBarring another extended crypto sell-off, Bitcoin should steer clear of sub-$13,500 levels. The second major support level sits at $13,034.\nThisarticlewas originally posted on FX Empire\n• Gold Price Prediction – Gold Hits 2-week High as Dollar Slides\n• E-mini Dow Jones Industrial Average (YM) Futures Technical Analysis – Decision Time at 27400 – 27741\n• The Crypto Daily – The Movers and Shakers – November 4th, 2020\n• Silver Price Forecast – Silver Markets Pull Back From 50 day EMA\n• EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – November 4th, 2020\n• USD/CAD Daily Forecast – Support At 1.3100 In Sight', 'Bitcoin, BTC to USD, rallied by 3.46% on Tuesday. Reversing a 1.40% decline from Monday, Bitcoin ended the day at $14,029.6. It was a mixed start to the day. Bitcoin rose to an early morning high $13,640.0 before hitting reverse. Falling short of the first major resistance level at $13,895, Bitcoin slid to an early morning intraday low $13,301.0 Steering clear of the first major support level at $13,234, Bitcoin rallied to a final hour intraday high $14,066.0. Bitcoin broke through the first major resistance level at $13,863 to wrap up the day at $14,000 levels. The near-term bullish trend remained intact, supported by the latest move through to $14,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $6,400 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was a mixed day on Tuesday. Binance Coin (-3.32%), Bitcoin Cash ABC (-5.05%), Bitcoin Cash SV (-3.51%), Chainlink (-3.32%), Crypto.com Coin (-4.78%), and Polkadot (-3.19%) saw red on the day. It was a relatively bullish day for the rest of the majors that joined Bitcoin in the green. Cardano’s ADA (+1.55%), Ethereum (+1.30%), Litecoin (+0.26%), and Ripple’s XRP (+1.71%) found support on the day. For the current week, the crypto total market cap fell to a Tuesday low $379.53bn before hitting a Tuesday high $407.51bn. At the time of writing, the total market cap stood at $398.38bn. Bitcoin’s dominance fell to a Monday low 63.22% before rising to a Tuesday high 64.91%. At the time of writing, Bitcoin’s dominance stood at 64.79%. This Morning At the time of writing, Bitcoin was down by 0.65% to $13,938.6. A mixed start to the day saw Bitcoin rise to an early morning high $14,051.9 before falling to a low $13,903.0. Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was a mixed start to the day. Crypto.com Coin and Polkadot bucked the trend early on, with gains of 1.16% and 0.17% respectively. Story continues It was a bearish start for the rest of the majors, however. At the time of writing, Chainlink was down by 1.00% to lead the way down. For the Bitcoin Day Ahead Bitcoin would need to avoid a fall through the pivot level at $13,799 to bring the first major resistance level at $14,297 into play. Support from the broader market would be needed, however, for Bitcoin to break out from Tuesday’s $14,066.0 high. Barring an extended crypto rally, the first major resistance level and resistance at $14,300 would likely cap any upside. In the event of another crypto breakout, Bitcoin could test resistance at $14,500 before any pullback. The second major resistance level sits at $14,564. Failure to avoid a fall through the $13,799 pivot would bring the first major support level at $13,532 into play. Barring another extended crypto sell-off, Bitcoin should steer clear of sub-$13,500 levels. The second major support level sits at $13,034. This article was originally posted on FX Empire More From FXEMPIRE: Gold Price Prediction – Gold Hits 2-week High as Dollar Slides E-mini Dow Jones Industrial Average (YM) Futures Technical Analysis – Decision Time at 27400 – 27741 The Crypto Daily – The Movers and Shakers – November 4th, 2020 Silver Price Forecast – Silver Markets Pull Back From 50 day EMA EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – November 4th, 2020 USD/CAD Daily Forecast – Support At 1.3100 In Sight', 'ND (00:00 ET):The majority of the seats we’re following inour top-15 racesto watch have been called, and it’s looking like we won’t know the results from the U.S. presidential election until later this week at the earliest. (CNN currently has the tally at 205 for former Vice President Joe Biden to 114 for incumbent President Donald Trump.)Bitcoin’sprice has remained fairly stable over the past few hours, though at $13,900 it’s still up close to 3.5% over the past 24 hours. We’re going to call it a wrap for the night and get back to it tomorrow. Thanks for hanging around. For CoinDesk, this is Nikhilesh De, Bradley Keoun, Sebastian Sinclair and Sandali Handagama.\nBK (23:53):Fox News calls Texas for Trump.\nBK (23:44):Fox News calls Ohio for Trump.\nRelated:Market Wrap: Bitcoin Jumps to $14.2K; Ethereum Gas Usage Grows 113% YTD\nBK (23:43):Pennsylvania unlikely callable overnight in U.S. presidential election, Fox News says.\nBK (23:32):Fox News calls New Mexico for Biden. Not a surprise.\nBK (23:26):Fox News calls U.S. Senate race in Arizona for Mark Kelly, another flip for Democrats.\nSS (23:25):Predictions markets point to win for Trump in Pennsylvania with @PolymarketHQ bettors pricing in a 64% chance while bettors at @PredictIt are giving it to the incumbent – 67%. Both markets heavily favor Trump to win the presidential race.\nRelated:$14.1K: Bitcoin Breaks New 2020 High With US Election Still Undecided\nBK (23:21 ET):Fox News calls Arizona for Biden; that’s a flip of 11 electoral votes won by Trump in 2016 and every other Republican since Bill Clinton’s win in 1996.\nBK (23:16 ET):Republicans flip Alabama U.S. Senate seat from Democrats.\nND (23:15 ET):Sen. Kelly Loeffler (R-Ga.), the former Bakkt CEO appointed to the U.S. Senate late last year, will head to a runoff, likely in January, after no candidate in Georgia’s special election secured enough of the vote to declare victory. Doug Collins, a former Republican representative also running for the seat, conceded late Tuesday and will support Loeffler as she runs against Democrat Raphael Warnock.\nBK (23:15 ET):Trump projected to win Florida, Fox News says.\nBK (23:03 ET):CNN calls California, Oregon and Washington for Biden, Wyoming for Trump.\nBK (22:57 ET):TRUMP futures on FTX crypto exchange have shot up to about 74 cents on the dollar from 35 cents over the past couple hours:\nBK (22:49 ET):Biden wins Illinois, Trump Missouri: CNN.\nBK (22:40 ET):CNN calls New Hampshire for Biden; Louisiana, Kansas, Utah, Nebraska for Trump. Electoral tally so far: Biden 98, Trump 95.\nSS (22:04 ET):Betting on Polymarket suggests Trump has 91% chance of winning Texas.\nSS (22:00 ET):In the last hour, bettors at Polymarket have President Donald Trump winning the election $0.59 to Biden’s $0.41 up from $0.44 and $0.56 respectively.\nND (21:55 ET):Some prediction markets appear to be swinging toward Trump. The four decentralized markets CoinDesk tracked pretty consistently indicated that Biden would win; late Tuesday night,Augurflipped, as did FTX’sTRUMPandBIDENtokens.\nBK (21:55 ET):CNN calls U.S. Senate seat in Colorado for former Governor John Hickenlooper, flipping Republican seat to Democratic.\nBK (21:30 ET):CNN
**Last 60 Days of Bitcoin's Closing Prices:**
[10169.57, 10280.35, 10369.56, 10131.52, 10242.35, 10363.14, 10400.92, 10442.17, 10323.76, 10680.84, 10796.95, 10974.91, 10948.99, 10944.59, 11094.35, 10938.27, 10462.26, 10538.46, 10246.19, 10760.07, 10692.72, 10750.72, 10775.27, 10709.65, 10844.64, 10784.49, 10619.45, 10575.97, 10549.33, 10669.58, 10793.34, 10604.41, 10668.97, 10915.69, 11064.46, 11296.36, 11384.18, 11555.36, 11425.90, 11429.51, 11495.35, 11322.12, 11358.10, 11483.36, 11742.04, 11916.33, 12823.69, 12965.89, 12931.54, 13108.06, 13031.17, 13075.25, 13654.22, 13271.29, 13437.88, 13546.52, 13781.00, 13737.11, 13550.49, 13950.30]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2020-11-04
**Financial & Commodity Data:**
- Gold Closing Price: $1894.60
- Crude Oil Closing Price: $39.15
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $250,365,377,938
- Hash Rate: 132689483.0919183
- Transaction Count: 320697.0
- Unique Addresses: 707247.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.74
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Nils Petter Nilsson/Ombrello/Getty Images for The Sime Awards In the trailer for First Kid , the forgettable 1996 comedy about a Secret Service agent assigned to protect the president’s son, the title character, played by a teenage Brock Pierce, describes himself as “definitely the most powerful kid in the universe.” Now, the former child star is running to be the most powerful man in the world, as an Independent candidate for President of the United States. Before First Kid , the Minnesota-born actor secured roles in a series of PG-rated comedies, playing a young Emilio Estevez in The Mighty Ducks , before graduating to smaller parts in movies like Problem Child 3: Junior in Love . When his screen time shrunk, Pierce retired from acting for a real executive role: co-founding the video production start-up Digital Entertainment Network (DEN) alongside businessman Marc Collins-Rector. At age 17, Pierce served as its vice president, taking in a base salary of $250,000. DEN became “the poster child for dot-com excesses,” raising more than $60 million in seed investments and plotting a $75 million IPO. But it turned into a shorthand for something else when, in October of 1999, the three co-founders suddenly resigned. That month, a New Jersey man filed a lawsuit alleging Collins-Rector had molested him for three years beginning when he was 13 years old. The following summer, three teens filed a sexual-abuse lawsuit against Pierce, Collins-Rector, and their third co-founder, Chad Shackley. The plaintiffs later dropped their case against Pierce (he made a payment of $21,600 to one of their lawyers) and Shackley. But after a federal grand jury indicted Collins-Rector on criminal charges in 2000, the DEN founders left the country. When Interpol arrested them in 2002, they said they had confiscated “guns, machetes, and child pornography” from the trio’s beach villa in Spain. While abroad, Pierce had pivoted to a new venture: Internet Gaming Entertainment, which sold virtual accessories in multiplayer online role-playing games to those desperate to pay, as one Wired reporter put it, “as much as $1,800 for an eight-piece suit of Skyshatter chain mail” rather than earn it in the games themselves. In 2005, a 25-year-old Pierce hired then-Goldman Sachs banker Steve Bannon—just before he would co-found Breitbart News. Two years later, after a World of Warcraft player sued the company for “ diminishing ” the fun of the game, Steve Bannon replaced Pierce as CEO. Story continues The ‘Varsity Blues’ Screenwriter’s Cold-Blooded Crusade Against L.A.’s Homeless Collins-Rector eventually pleaded guilty to eight charges of child enticement and registered as a sex offender. In the years that followed, Pierce waded into the gonzo economy of cryptocurrencies, where he overlapped more than once with Jeffrey Epstein, and counseled him on crypto. In that world, he founded Tether, a cryptocurrency that bills itself as a “stablecoin,” because its value is allegedly tied to the U.S. dollar, and the blockchain software company Block.one. Like his earlier businesses, Pierce’s crypto projects see-sawed between massive investments and curious deals. When Block.one announced a smart contract software called EOS.IO, the company raised $4 billion almost overnight, setting an all-time record before the product even launched. The Securities and Exchange Commission later fined the company $24 million for violating federal securities law. After John Oliver mocked the ordeal, calling Pierce a “sleepy, creepy cowboy,” Block.one fired him. Tether, meanwhile, is currently under investigation by the New York Attorney General for possible fraud. On July 4, Pierce announced his candidacy for president. His campaign surrogates include a former Cambridge Analytica director and the singer Akon, who recently doubled down on developing an anonymously funded, $6 billion “Wakanda-like” metropolis in Senegal called Akon City. Pierce claims to be bipartisan, and from the 11 paragraphs on the “Policy” section of his website it can be hard to determine where he falls on the political spectrum. He supports legalizing marijuana and abolishing private prisons, but avoids the phrase “climate change.” He wants to end “human trafficking.” His proposal to end police brutality: body cams. His political contributions tell a more one-sided story. Pierce’s sole Democratic contribution went to the short-lived congressional run of crypto candidate Brian Forde. The rest went to Republican campaigns like Marco Rubio, Rick Perry, John McCain, and the National Right to Life Political Action Committee. Last year alone, Pierce gave over $44,000 to the Republican National Committee and more than $55,000 to Trump’s re-election fund. Pierce spoke to The Daily Beast from his tour bus and again over email. Those conversations have been combined and edited for clarity. You’re announcing your presidential candidacy somewhat late, and historically, third-party candidates haven’t had the best luck with the executive office. If you don’t have a strong path to the White House, what do you want out of the race? I announced on July 4, which I think is quite an auspicious date for an Independent candidate, hoping to bring independence to this country. There’s a lot of things that I can do. One is: I’m 39 years old. I turn 40 in November. So I’ve got time on my side. Whatever happens in this election cycle, I’m laying the groundwork for the future. The overall mission is to create a third major party—not another third party—a third major party in this country. I think that is what America needs most. George Washington in his closing address warned us about the threat of political parties. John Adams and the other founding fathers—their fear for our future was two political parties becoming dominant. And look at where we are. We were warned. I believe, having studied systems, any time you have a system of two, what happens is those two things come together, like magnets. They come into collision, or they become polarized and become completely divided. I think we need to rise above partisan politics and find a path forward together. As Albert Einstein is quoted—I’m not sure the line came from him, but he’s quoted in many places—he said that the definition of insanity is making the same mistake or doing the same thing over and over and over again, expecting a different result. [ Ed. note: Einstein never said this. ] It feels like that’s what our election cycle is like. Half the country feels like they won, half the country feels like they lost, at least if they voted or participated. Obviously, there’s another late-comer to the presidential race, and that’s Kanye West. He’s received a lot of flak for his candidacy, as he’s openly admitted to trying to siphon votes away from Joe Biden to ensure a Trump victory . Is that something you’re hoping to avoid or is that what you’re going for as well? Oh no. This is a very serious campaign. Our campaign is very serious. You’ll notice I don’t say anything negative about either of the two major political candidates, because I think that’s one of the problems with our political system, instead of people getting on stage, talking about their visionary ideas, inspiring people, informing and educating, talking about problems, mentioning problems, talking about solutions, constructive criticism. That’s why I refuse to run a negative campaign. I am definitely not a spoiler. I’m into data, right? I’m a technologist. I’ve got digital DNA. So does most of our campaign team. We’ve got our finger on the pulse. Most of my major Democratic contacts are really happy to see that we’re running in a red state like Wyoming. Kanye West’s home state is Wyoming. He’s not on the ballot in Wyoming I could say, in part, because he didn’t have Akon on his team. But I could also say that he probably didn’t want to be on the ballot in Wyoming because it’s a red state. He doesn’t want to take additional points in a state where he’s only running against Trump. But we’re on the ballot in Wyoming, and since we’re on the ballot in Wyoming I think it’s safe—more than safe, I think it’s evident—that we are not here to run as a spoiler for the benefit of Donald Trump. In running for president, you’ve opened yourself up to be scrutinized from every angle going back to the beginning of your career. I wanted to ask you about your time at the Digital Entertainment Network. Can you tell me a little bit about how you started there? You became a vice president as a teenager. What were your qualifications and what was your job exactly? Well, I was the co-founder. A lot of it was my idea. I had an idea that people would use the internet to watch videos, and we create content for the internet. The idea was basically YouTube and Hulu and Netflix. Anyone that was around in the ‘90s and has been around digital media since then, they all credit us as the creators of basically those ideas. I was just getting a message from the creator of The Vandals, the punk rock band, right before you called. He’s like, “Brock, looks like we’re going to get the Guinness Book of World Records for having created the first streaming television show.” We did a lot of that stuff. We had 30 television shows. We had the top most prestigious institutions in the world as investors. The biggest names. High-net-worth investors like Terry Semel, who’s chairman and CEO of Warner Brothers, and became the CEO of Yahoo. I did all sorts of things. I helped sell $150,000 worth of advertising contracts to the CEOs of Pepsi and everything else. I was the face of the company, meeting all the major banks and everything else, selling the vision of what the future was. Marc Collins-Rector Handout You moved in with Marc Collins-Rector and Chad Shackley at a mansion in Encino. Was that the headquarters of the business? All start-ups, they normally start out in your home. Because it’s just you. The company was first started out of Marc’s house, and it was pro...
- Reddit Posts (Sample): [['u/[deleted]', "am I the only one more excited about BTC's second 14000 hit than about the ongoing election?", 191, '2020-11-04 00:37', 'https://www.reddit.com/r/Bitcoin/comments/jnlo7n/am_i_the_only_one_more_excited_about_btcs_second/', 'priorities', 'https://www.reddit.com/r/Bitcoin/comments/jnlo7n/am_i_the_only_one_more_excited_about_btcs_second/', 'jnlo7n', [['u/reservebtc', 73, '2020-11-04 00:37', 'https://www.reddit.com/r/Bitcoin/comments/jnlo7n/am_i_the_only_one_more_excited_about_btcs_second/gb24th8/', 'erection > election', 'jnlo7n'], ['u/Garland_Key', 26, '2020-11-04 00:49', 'https://www.reddit.com/r/Bitcoin/comments/jnlo7n/am_i_the_only_one_more_excited_about_btcs_second/gb2628y/', 'Bitcoin boner.', 'jnlo7n'], ['u/ManOfHart', 11, '2020-11-04 00:59', 'https://www.reddit.com/r/Bitcoin/comments/jnlo7n/am_i_the_only_one_more_excited_about_btcs_second/gb2791h/', "I've seen enough, I'm going all in!", 'jnlo7n'], ['u/Mark0Sky', 14, '2020-11-04 01:03', 'https://www.reddit.com/r/Bitcoin/comments/jnlo7n/am_i_the_only_one_more_excited_about_btcs_second/gb27nbe/', 'It is an election. Bitcoin vs FIAT.', 'jnlo7n'], ['u/NimbleBodhi', 27, '2020-11-04 01:04', 'https://www.reddit.com/r/Bitcoin/comments/jnlo7n/am_i_the_only_one_more_excited_about_btcs_second/gb27r6g/', 'Indeed, the real winners are the sats we stacked along the way.', 'jnlo7n'], ['u/ryan0302', 11, '2020-11-04 05:32', 'https://www.reddit.com/r/Bitcoin/comments/jnlo7n/am_i_the_only_one_more_excited_about_btcs_second/gb3041v/', 'Election is two turds. Bitcoin actually stands for something at least.', 'jnlo7n']]], ['u/klutzelk', 'The only things holding me back from being totally RDI...', 38, '2020-11-04 00:56', 'https://www.reddit.com/r/JonBenetRamsey/comments/jnm02e/the_only_things_holding_me_back_from_being/', 'Michael Helgoth\'s suspicious suicide is what really gets me. It just seems too damning with all of the evidence surrounding him. Was he guilty or possibly framed? The scene of his suspected suicide included a pair of High-Tec climbing boots and a stun-gun. He also was believed to own a cap that had the letters "SBTC" on it.\n\n&#x200B;\n\nFirst of all, do we know if this is all true? Police took the crime scene photo where they stated that the stun gun and boots stood out, but do we know that he had the SBTC hat? What about the animal hairs found in the cellar where Jonbenet\'s body was found that matched the color of Helgoth\'s wolf dogs?The reasoning for why the suicide was suspicious was because he was known to be right handed but the bullet trajectory went from left to right. My main issue is why did they not look further into this? His DNA was cleared, right? But what about John Kenady... could he have framed Helgoth? Or could someone else, possibly someone closer to the case have framed Helgoth?\n\n&#x200B;\n\nHere is where I found most of the information regarding Helgoth:\n\n[http://www.acandyrose.com/s-michael-helgoth.htm](http://www.acandyrose.com/s-michael-helgoth.htm)\n\n&#x200B;\n\nPlease let me know if anyone can make any clarification as to why this wasn\'t looking into more because I am struggling with it! Everything else about this case makes me believe RDI but then there is this.', 'https://www.reddit.com/r/JonBenetRamsey/comments/jnm02e/the_only_things_holding_me_back_from_being/', 'jnm02e', [['u/klutzelk', 10, '2020-11-04 01:57', 'https://www.reddit.com/r/JonBenetRamsey/comments/jnm02e/the_only_things_holding_me_back_from_being/gb2dc2v/', 'I just want to know if Helgoth really had a cap that said \'\'SBTC". I wonder if it\'s possible that the Ramsey\'s themselves framed him... I wouldn\'t put anything past them.', 'jnm02e'], ['u/slug_93', 13, '2020-11-04 02:08', 'https://www.reddit.com/r/JonBenetRamsey/comments/jnm02e/the_only_things_holding_me_back_from_being/gb2ek7h/', 'Ramseys Did It. IDI = intruder, BDI = Burke.', 'jnm02e'], ['u/AdequateSizeAttache', 13, '2020-11-04 07:05', 'https://www.reddit.com/r/JonBenetRamsey/comments/jnm02e/the_only_things_holding_me_back_from_being/gb38p38/', 'Hi /u/klutzelk, \n\nI would suggest reading this post which addresses some of your questions: \n\n["True Crime Garage" made some very basic errors about Michael Helgoth](https://old.reddit.com/r/TrueCrimeGarage/comments/ecbqxj/true_crime_garage_made_some_very_basic_errors/)\n\nAs for his owning an SBTC cap, it\'s a claim that likely originated from the Ramsey\'s private investigators like the rest of the "incriminating evidence" about Helgoth did (you have to remember that John Ramsey even said their PIs were hired to keep them from going to jail). And as for whether it\'s true or not, I\'ve never been able to track down a credible source for it. It could be true, but in the context of the rest of the evidence it\'s meaningless imo.', 'jnm02e']]], ['u/Thrownfaraway32', 'TIFU by getting scammed with cryptocurrency by a Tinder match', 13, '2020-11-04 01:05', 'https://www.reddit.com/r/tifu/comments/jnm5kk/tifu_by_getting_scammed_with_cryptocurrency_by_a/', 'So, sorry about the long text in advance, but im afraid it\'s needed.\n\nSo a week or so ago, I matched with this pretty girl on Tinder, and we started talking along and everything seemed fine, she didn\'t seem off at all and responded rather personally and interested. A Chinese girl, in her 20\'s.\n\nWe talked for quite a few days, and one day, after i asked what she was doing at the moment she told me she was into trading as a hobby, since we talked about her main occupation of jewellery designer, and made quite a bit of money recently, that she was investing.\n\nSince I had a friend who knew a bit about it, and we talked lot about crypto and stuff, I thought I knew the basics or at least enough. She told me, after I asked, again, making no pressure, that she was investing in this new BLTO coin, in a market called\xa0Lenmo.com, again, all this in between good conversations and the typical stuff. Again, all of this in the span of days. \n\nMy stupid, greedy, high, horny and lonely ass totally fell for the compliments and offers to help getting started on that exchange place, all while warning me of its dangers as if caring about me.\n\nHer aunt was a finance advisor in Singapore and she had told her that this coin was going to be listed in 2 months time, At which point its value would be a lot bigger and selling the coin would mean a great profit. She was just sharing her plan with me, nothing seemed forced or off.\n\nShe sent screenshots of her investments in the likes of 20k in this exchange market, along with guiding me through all the process, just because i asked and i never for a second doubted a thing. Cant even begin to describe the felling of loss of trust in myself i feel right now.\n\nEverything was fine, no red flags, until just after I had made a conversion from bitcoin to BLTO\'s in\xa0Lenmo.com\xa0.\n\nFirst i needed some kind of invitation code to buy the coins, that she gave me, explaining it was to "prevent malicious registration". Unquestioned, the code was inserted.\n\nJust to see how i\'d do it later, I tried changing back from BLTO to bitcoin again, and the same option to buy more BLTO\'s appeared. I asked her and she explained it was because the coin hadn\'t been listed yet, so we were in the internal subscription stage, so you couldn\'t yet retrieve anything you had deposited. Somehow, i didn\'t question that.\n\nI say somehow sarcastically, I can see i\'m just stupid and greedy and easily deceivable.\n\nIn any case, we just talked a bit more about mundane stuff and she said she went to bed. Of course i only searched Lenmo after making the transaction, and found only an entry about it online on a forum:\xa0https://bitcointalk.org/index.php?topic=5284365.0\xa0, in which someone asks if anyone has ever heard of this exchange, and the consensus is that it is not only unknown, but a fake, and untrustworthy.\n\nSo, basically, i got scammed for 200 of my hard earned moneys, can no longer afford to go home for the holidays as i live abroad, and received a well deserved ego punch. I\'m not sure if she is going to reply tomorrow, but i have no idea how or even if i can get the money back if she answers, so i don\'t see the point in letting her know i\'ve realised my own stupidity.\n\nTL;DR: Matched with a girl on Tinder, she was cute and smart, had a hobbie of trading crypto and an aunt with inside info, showed me some photo of her investments and taught me how to trade to this great coin that was going to blow up, all in this fake exchange market, that took my already small funds and self confidence.', 'https://www.reddit.com/r/tifu/comments/jnm5kk/tifu_by_getting_scammed_with_cryptocurrency_by_a/', 'jnm5kk', [['u/cheech-wizard', 11, '2020-11-04 01:13', 'https://www.reddit.com/r/tifu/comments/jnm5kk/tifu_by_getting_scammed_with_cryptocurrency_by_a/gb28nam/', 'Always make financial decisions when you are high and horny.\n\nJust sayin...', 'jnm5kk'], ['u/necknecker', 10, '2020-11-04 01:40', 'https://www.reddit.com/r/tifu/comments/jnm5kk/tifu_by_getting_scammed_with_cryptocurrency_by_a/gb2bjkq/', 'Sorry you fell for this. But damn, It sounds easy AF to con straight guys out of money on dating sites.', 'jnm5kk']]], ['u/were-jj', 'worst paid cheat of all time', 32, '2020-11-04 01:05', 'https://www.reddit.com/r/Csgohacks/comments/jnm5o3/worst_paid_cheat_of_all_time/', 'Basically I know this guy who is an obnoxious asshole and he asked me if there was any good cheats out there since he wanted to use a skinchanger and stream proof esp to make himself look good, I want to play him so does anyone have any suggestions for the worst cheat I should make him buy, (must be paid and at least rat it’s own users and or leak it’s users ip or be a btc miner.) Also yeah I know it makes me seem like a bit of a douche but compared to him I’m an angel.\n\nThanks for your help\n\nEdit: I decided I’m gonna just make him buy zapped lifetime and tell him it’s 100% safe and that he is...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
15579.85, 15565.88, 14833.75, 15479.57, 15332.32, 15290.90, 15701.34, 16276.34, 16317.81, 16068.14
|
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['AstraZeneca plc (NYSE: AZN ) has received the regulatory nod\xa0to conduct clinical trials of its COVID-19 vaccine in Chile and Peru, Reuters reported Wednesday. What Happened: Chile’s President Sebastian Pinera said that his nation’s health regulator had approved the British company’s vaccine trial, according to Reuters. According to Pinera, the clinical trial of Johnson & Johnson (NYSE: JNJ ) COVID-19 vaccine candidate is already underway and the doses of Sinovac’s vaccine arrived in the country on Wednesday. Peru announced that trials of Johnson and Johnson and AstraZeneca vaccines would begin next week, according to Reuters. The country had withdrawn a deal to purchase AstraZeneca’s vaccine two weeks ago as the company did not provide data on its vaccine studies. Why It Matters: Pinera also disclosed that Chile had signed up for 7.6 million doses of vaccine through the\xa0World Health Organization-led COVAX initiative. The World Bank is supporting COVAX and WHO’s efforts and has pledged billion in financing for developing countries to purchase and distribute COVID-19 vaccines, tests, and treatments. The United Kingdom-based AstraZeneca already has deals for the production and supply of its COVID-19 vaccine with multiple Latin American countries. Price Action: AstraZeneca shares closed nearly 6.5% higher at $55.04 on Wednesday and gained 0.11% in the after-hours session. See more from Benzinga Click here for options trades from Benzinga B Bitcoin Linked To FBI-Seized Darknet Market Silk Road Is On The Move After 5 Years: Report Trump Declares Victory Ahead Of Results From Key States © 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.', 'AstraZeneca plc(NYSE:AZN) has received the regulatory nod\xa0to conduct clinical trials of its COVID-19 vaccine in Chile and Peru, ReutersreportedWednesday.\nWhat Happened:Chile’s President Sebastian Pinera said that his nation’s health regulator had approved the British company’s vaccine trial, according to Reuters.\nAccording to Pinera, the clinical trial ofJohnson & Johnson(NYSE:JNJ) COVID-19 vaccine candidate is already underway and the doses of Sinovac’s vaccine arrived in the country on Wednesday.\nPeru announced that trials of Johnson and Johnson and AstraZeneca vaccines would begin next week, according to Reuters. The country had withdrawn a deal to purchase AstraZeneca’s vaccine two weeks ago as the company did not provide data on its vaccine studies.Why It Matters:Pinera also disclosed that Chile had signed up for 7.6 million doses of vaccine through the\xa0World Health Organization-ledCOVAX initiative.\nThe World Bank is supporting COVAX and WHO’s efforts and has pledgedbillion in financingfor developing countries to purchase and distribute COVID-19 vaccines, tests, and treatments.\nThe United Kingdom-based AstraZeneca already has deals for theproduction and supplyof its COVID-19 vaccine with multiple Latin American countries.\nPrice Action:AstraZeneca shares closed nearly 6.5% higher at $55.04 on Wednesday and gained 0.11% in the after-hours session.\nSee more from Benzinga\n• Click here for options trades from Benzinga\n• B Bitcoin Linked To FBI-Seized Darknet Market Silk Road Is On The Move After 5 Years: Report\n• Trump Declares Victory Ahead Of Results From Key States\n© 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.', 'Wasabi Wallet, the privacy-focused bitcoin software wallet, has set a broad timeframe for the release of Wasabi Wallet 2.0. The goal is not only to make the wallet easier to use as more people start adopting bitcoin, but also to implement the privacy improvements of the WabiSabi protocol, including making CoinJoins automatic by default. In a blog post laying out the launch timeline of the wallet, Wasabi announced the updated version would get a full UI (user interface) rewrite and user experience improvements, as well as make a CoinJoin easier for your average user. At the moment the team is in the midst of first steps for all three of these developments. While the most likely timeline for release is nine months, it could take as few as three or as many as 14. The post also said manual coinjoining will be a thing for “power-users only.” Related: Bitcoin Hits $15,000: Here Comes the FOMO Read more: Wasabi Wallet Is Revamping Its CoinJoin Design to Allow Bitcoin Mixing With Differing Values “Wasabi adds complications to traditional Bitcoin wallet workflows with its manual coinjoining process and its mandatory coin control features,” said Adam Ficsor, Wasabi co-founder and lead researcher, in an email to CoinDesk. “To improve upon these we’re planning to make coinjoining automatic by default and build upon the realization that coin control is mostly friction when the user would like to spend conjoined coins, so we should be able to introduce a simple send for that.” Automatic CoinJoins A CoinJoin is a method for bitcoin (BTC) users to make their payments harder to track by combining multiple payments from multiple senders into a transaction, muddying the ability of third parties to see who paid whom. Related: Federal Reserve Keeps Rates Close to Zero, Maintains Asset Purchases Ficsor said his plan currently is that at wallet creation, users would be asked if they want the wallet to take care of CoinJoins or whether they’d prefer to do it manually, as is the case now. Users would also set a privacy target (Ficsor tossed out levels such as none, some, high and Snowden) and then everything would happen automatically from there. Story continues “CoinJoins would be done while the wallet is open (and even when it isn’t) so all the user would have to do is use its wallet like a normal bitcoin wallet,” said Ficsor. He did say that while this is his plan, the final product could turn out differently based on what the team learns along the way. How WabiSabi improves on CoinJoins In the original Wasabi Wallet, there were limits to the functionality of CoinJoins. My colleague Colin Harper wrote about some of these earlier this year : “For this to work effectively, each user in a CoinJoin transaction must send a minimum amount of bitcoin to the mixing pool (e.g., 0.1, 0.01, etc) so as to ensure that they receive the same output as other users when the CoinJoin is complete,” Harper wrote. “If recipients don’t receive the same amount of bitcoin at the end of a join as other users in the mix, the transactions could be easily de-anonymized by blockchain surveillance.” Read more: Europol Names Privacy Wallets, Coins, Open Marketplaces as ‘Top Threats’ in Internet Crime Report Typically, the coordinator of a CoinJoin also has insight into a user’s information, that could allow them to link inputs to a user. WabiSabi, which will launch with the Wasabi Wallet 2.0, works to address some of these limitations by allowing users to input different amounts of BTC, independent of what other participants put in – which, let’s be honest, is how most people spend money. The coordinator role will still exist. How this helps the average user Ficsor said for average users the only uncomfortable thing they might experience with Wasabi Wallet 2.0 is that it may take a while until CoinJoins happen. This means if the users receive coins to their wallets, then it’d be automatically coinjoined in the background, and that may take a while. If users are in a hurry and want to spend their money before it’s coinjoined, they would have to utilize the manual coin control tab and figure it out, given spending non-coinjoined coins without coin control is “privacy suicide,” according to Ficsor. “That being said, I think in 99% of the cases there will always be coinjoined coins to spend from, so this wouldn’t really occur that often.” Related Stories Wasabi Wallet 2.0 Will Offer Automatic CoinJoins by Default to Boost Privacy Wasabi Wallet 2.0 Will Offer Automatic CoinJoins by Default to Boost Privacy', 'Wasabi Wallet, the privacy-focused bitcoin software wallet, has set a broad timeframe for the release of Wasabi Wallet 2.0. The goal is not only to make the wallet easier to use as more people start adopting bitcoin, but also to implement the privacy improvements of the WabiSabi protocol, including making CoinJoins automatic by default.\nIn a blog post laying out thelaunchtimeline of the wallet, Wasabi announced the updated version would get a full UI (user interface) rewrite and user experience improvements, as well as make a CoinJoin easier for your average user. At the moment the team is in the midst of first steps for all three of these developments. While the most likely timeline for release is nine months, it could take as few as three or as many as 14.\nThe post also said manual coinjoining will be a thing for “power-users only.”\nRelated:Bitcoin Hits $15,000: Here Comes the FOMO\nRead more:Wasabi Wallet Is Revamping Its CoinJoin Design to Allow Bitcoin Mixing With Differing Values\n“Wasabi adds complications to traditional Bitcoin wallet workflows with its manual coinjoining process and its mandatory coin control features,” said Adam Ficsor, Wasabi co-founder and lead researcher, in an email to CoinDesk.\n“To improve upon these we’re planning to make coinjoining automatic by default and build upon the realization that coin control is mostly friction when the user would like to spend conjoined coins, so we should be able to introduce a simple send for that.”\nA CoinJoin is a method forbitcoin(BTC) users to make their payments harder to track by combining multiple payments from multiple senders into a transaction, muddying the ability of third parties to see who paid whom.\nRelated:Federal Reserve Keeps Rates Close to Zero, Maintains Asset Purchases\nFicsor said his plan currently is that at wallet creation, users would be asked if they want the wallet to take care of CoinJoins or whether they’d prefer to do it manually, as is the case now. Users would also set a privacy target (Ficsor tossed out levels such as non
**Last 60 Days of Bitcoin's Closing Prices:**
[10280.35, 10369.56, 10131.52, 10242.35, 10363.14, 10400.92, 10442.17, 10323.76, 10680.84, 10796.95, 10974.91, 10948.99, 10944.59, 11094.35, 10938.27, 10462.26, 10538.46, 10246.19, 10760.07, 10692.72, 10750.72, 10775.27, 10709.65, 10844.64, 10784.49, 10619.45, 10575.97, 10549.33, 10669.58, 10793.34, 10604.41, 10668.97, 10915.69, 11064.46, 11296.36, 11384.18, 11555.36, 11425.90, 11429.51, 11495.35, 11322.12, 11358.10, 11483.36, 11742.04, 11916.33, 12823.69, 12965.89, 12931.54, 13108.06, 13031.17, 13075.25, 13654.22, 13271.29, 13437.88, 13546.52, 13781.00, 13737.11, 13550.49, 13950.30, 14133.71]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2020-11-05
**Financial & Commodity Data:**
- Gold Closing Price: $1945.30
- Crude Oil Closing Price: $38.79
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $261,664,776,750
- Hash Rate: 122675182.48120748
- Transaction Count: 318668.0
- Unique Addresses: 729209.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.72
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: With bitcoin back in the driver’s seat and the Filecoin launch fast approaching, CoinDesk’s Markets Daily is back for your latest crypto news roundup!
For early access before our regular noon Eastern time releases , subscribe withApple Podcasts,Spotify,Pocketcasts,Google Podcasts,Castbox,Stitcher,RadioPublicaorRSS.
This episode is sponsored byCrypto.com,BitstampandNexo.io.
Related:So Now They’re Hacking DeFi Protocols Before They’ve Even Launched?
Traders Rotate to Bitcoin Expecting a Quiet Q4 for Altcoins
Some traders have been moving funds out of alternate cryptocurrencies into bitcoin (BTC) in anticipation it outperforming the entire crypto market for at least the next several months.
Spadina Gives Ethereum 2.0 Developers a Three-Day Testnet
Ethereum testnet Spadina gives developers one more crack at practicing with Eth 2.0’s deposit contract before the real deal arrives.
Related:Coinbase’s New Policy: Anti-Woke or Just a Joke?
California Governor Signs Law Bringing State ‘New Tools’ to Regulate Crypto
The now-renamed California department responsible for the regulation of financial services will soon have more powers to supervise the cryptocurrency industry.
Filecoin Confirms Long-Awaited Mainnet Launch for Next Month
Three years after its $257 million ICO, decentralized data storage provider Filecoin has said mainnet will go live in mid-October.
For early access before our regular noon Eastern time releases , subscribe withApple Podcasts,Spotify,Pocketcasts,Google Podcasts,Castbox,Stitcher,RadioPublicaorRSS.
• Bitcoin News Roundup for Sept. 29, 2020
• Bitcoin News Roundup for Sept. 29, 2020...
- Reddit Posts (Sample): [['u/Polish_Sensation', 'What alts are you considering as your safest bets for 2021?', 24, '2020-11-05 04:49', 'https://www.reddit.com/r/CryptoCurrency/comments/jobqqt/what_alts_are_you_considering_as_your_safest_bets/', 'I have an alt portfolio that is very 2018, where I got dominated loading up on projects like Tron, Neo, NCash and Substratum at the cycle’s peak (😂 at me).\n\nChanged my strategy and began focusing on accumulating as much Bitcoin as possible. Now I’m starting to look at my portfolio overall and feel the need to diversify a little, you know get involved in some of the “new-aged” alts. \n\nI’m curious, what alts are you most confident will bring you gains as we move into next year?', 'https://www.reddit.com/r/CryptoCurrency/comments/jobqqt/what_alts_are_you_considering_as_your_safest_bets/', 'jobqqt', [['u/nanselmo92', 13, '2020-11-05 05:29', 'https://www.reddit.com/r/CryptoCurrency/comments/jobqqt/what_alts_are_you_considering_as_your_safest_bets/gb736h3/', 'Cardano for sure.. exciting next 6 months', 'jobqqt'], ['u/The-Creek-Walker', 15, '2020-11-05 05:45', 'https://www.reddit.com/r/CryptoCurrency/comments/jobqqt/what_alts_are_you_considering_as_your_safest_bets/gb74lzs/', "I'm filling my cardano bag to the brim", 'jobqqt'], ['u/Frizerra', 13, '2020-11-05 06:51', 'https://www.reddit.com/r/CryptoCurrency/comments/jobqqt/what_alts_are_you_considering_as_your_safest_bets/gb7aazk/', "Honestly, Just Ethereum.\n\nI got burnt hard in 2017, and I don't want to any bags. For alts, going for projects that actually deliver and don't just make promises and claims will be fruitful :) So keep that in mind, actions over words!", 'jobqqt'], ['u/SenatusSPQR', 13, '2020-11-05 07:56', 'https://www.reddit.com/r/CryptoCurrency/comments/jobqqt/what_alts_are_you_considering_as_your_safest_bets/gb7f4v8/', "I don't see Nano as a bet, so I'm not sure whether it counts as a response to your question, but I do feel confident that Nano will bring me most gains in the long run. Whether that's necessarily next year, I do not know. However, in the long run I believe that demand for a pure cryptocurrency that compares very favorably to Bitcoin when it comes to transactions will increase, all the more so when transaction fees for Bitcoin shoot up and transaction times shoot up with it. It's almost an advertisement for Nano, and I think that that is going to work out positively.\n\nOn top of that, there are a lot of cool developments happening in Nano that make me optimistic about the future. WeNano is getting quite some attention, store owners could use this to get crypto-enthusiasts to come check out their store. [RoboCash](http://disruptionbanking.com/2020/08/19/talking-about-fyncom-with-robocash-from-california/) is a fantastic, patented way to fight spam calls that I feel could really catch on. Nendly is a cool new forum that uses Nano as a sort of reward service (similar to moons). And in possibly even bigger news, an Unreal Engine Nano plugin was created, which creates an excellent way for developers to jump on the crypto hype train and allows them to incorporate payments into their game. If you're going to incorporate crypto into your game, it doesn't get much better than a crypto that allows instant, feeless value transfers. \n\nRealistically, any of those services really catch on and that's a massive increase in adoption for Nano, and a massive increase in price for Nano. To me it feels like the developers have been getting Nano ready for years, so that on a protocol level it's ready to handle the adoption that's soon coming. And because Nano scales so well, once adoption starts it's just going to be able to keep increasing.\n\nSo yeah, I think Nano is definitely going to see a big increase in adoption one way or another, and I'm looking forward to it.", 'jobqqt'], ['u/Thc420Vato', 11, '2020-11-05 07:58', 'https://www.reddit.com/r/CryptoCurrency/comments/jobqqt/what_alts_are_you_considering_as_your_safest_bets/gb7fbfd/', 'Cardano, its safe to say that its price will 2-3x with ease once Gougen/Smart contracts update comes out in 6 months. Some even think that it might hit ATH by the end of 2021, because the tech behind it will be worth it.', 'jobqqt'], ['u/MoreTransliteration', 11, '2020-11-05 18:22', 'https://www.reddit.com/r/CryptoCurrency/comments/jobqqt/what_alts_are_you_considering_as_your_safest_bets/gb8wiay/', 'I love Monero but also have a lot of faith in Cardano.', 'jobqqt']]], ['u/AutoModerator', '[Daily Discussion] Thursday, November 05, 2020', 114, '2020-11-05 05:05', 'https://www.reddit.com/r/BitcoinMarkets/comments/jobzlv/daily_discussion_thursday_november_05_2020/', "**Thread topics include, but are not limited to:**\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\n**Thread guidelines:**\n\n* **Be excellent to each other.**\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n**Other ways to interact:**\n\n* [Get an invite](https://join.slack.com/t/reddit-bitcoinmarkets/shared_invite/enQtNjM1NTg3ODgwODUzLTQ2NjZjYjYxMWExZmZmMWY0MDNlN2JlM2RhZmM0NWY1YzY1MDlkOTMyNWFjNTZjYTg1ZDM2YmEwMWRkZjIwYjM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)\n* Set your flair to trade pretend money in [the Flair Game](https://coinsight.org/flairgame)\n* Weekly threads: [Newbie Mondays](http://www.reddit.com/r/BitcoinMarkets/search?q=newbie+monday&sort=new&restrict_sr=on&t=all) and [Fundamentals Fridays](http://www.reddit.com/r/BitcoinMarkets/search?q=fundamentals+friday&sort=new&restrict_sr=on&t=all)\n* Altcoins Discussion: [Altcoin Discussion](http://www.reddit.com/r/BitcoinMarkets/search?q=altcoin+discussion&sort=new&restrict_sr=on&t=all)", 'https://www.reddit.com/r/BitcoinMarkets/comments/jobzlv/daily_discussion_thursday_november_05_2020/', 'jobzlv', [['u/Upvote_Me_Slag', 13, '2020-11-05 05:20', 'https://www.reddit.com/r/BitcoinMarkets/comments/jobzlv/daily_discussion_thursday_november_05_2020/gb7297b/', 'Difficult territory to chart. US election and global uncertainty make this feel like we are discovering new lands. Btc is however proving very strong.', 'jobzlv'], ['u/Nagosh', 18, '2020-11-05 05:29', 'https://www.reddit.com/r/BitcoinMarkets/comments/jobzlv/daily_discussion_thursday_november_05_2020/gb733rx/', "Not gonna lie, was tripped up into shorting yesterday. I've been thinking the market is waiting for some kind of catalyst to sell off, regardless of whether or not that catalyst has anything to do with bitcoin. Even without the results, I thought the election might be it so I shorted at 13,600. Not the worst place, though, as I'm still confident we'll see 12k sometime soon. But [my current channel resistance is at 14,550](https://share.cryptowat.ch/charts/buhlensijsgbpv1estng-coinbase-pro-btcusd.png). I even have a little arrow pointing to 14,800 over the next few days before we finally retrace, so I messed this entry up pretty badly.\n\nFurthermore, the strength of the current market is pretty amazing. I'm not confident enough to call it just yet like I have the [previous](https://www.reddit.com/r/BitcoinMarkets/comments/hsoyqb/daily_discussion_friday_july_17_2020/fyfd5ev?utm_source=share&utm_medium=web2x&context=3) [three](https://www.reddit.com/r/BitcoinMarkets/comments/ipw5cm/daily_discussion_thursday_september_10_2020/g4nexnz?utm_source=share&utm_medium=web2x&context=3) [times](https://www.reddit.com/r/BitcoinMarkets/comments/j5cuig/daily_discussion_monday_october_05_2020/g7v353o?utm_source=share&utm_medium=web2x&context=3), but we may not see sub 12k ever again, and that's pretty startling.", 'jobzlv'], ['u/aphelio', 10, '2020-11-05 05:59', 'https://www.reddit.com/r/BitcoinMarkets/comments/jobzlv/daily_discussion_thursday_november_05_2020/gb75zn0/', 'Bought my first chunk of a Bitcoin at around this price level catching a falling knife down from 2017 ATH. In contrast, I have a friend who grabbed a full coin for himself at $4k in 2019. Since then, he cashed out at $9.3k in July 2020, citing "Bitcoin is too boring". Moral of the story: it\'s pretty tough to f this up, folks.', 'jobzlv'], ['u/dexX7', 21, '2020-11-05 06:10', 'https://www.reddit.com/r/BitcoinMarkets/comments/jobzlv/daily_discussion_thursday_november_05_2020/gb76xph/', "While some anecdotal evidence suggests friends and family want to get back in, Google trends still doesn't back this up on a broader scale:\n\nhttps://trends.google.com/trends/explore?date=today%205-y&q=Bitcoin", 'jobzlv'], ['u/girlshero', 12, '2020-11-05 06:29', 'https://www.reddit.com/r/BitcoinMarkets/comments/jobzlv/daily_discussion_thursday_november_05_2020/gb78joa/', 'Go Satoshi go!', 'jobzlv'], ['u/aphelio', 10, '2020-11-05 06:53', 'https://www.reddit.com/r/BitcoinMarkets/comments/jobzlv/daily_discussion_thursday_november_05_2020/gb7aiau/', "Agreed, he's already behind. But then again, he did double up. Also he bought a house so probably needed the cash. To each their own ride I suppose.", 'jobzlv'], ['u/alieninthegame', 12, '2020-11-05 07:08', 'https://www.reddit.com/r/BitcoinMarkets/comments/jobzlv/daily_discussion_thursday_november_05_2020/gb7bnlz/', "I'll comment again: Holding higher than 2019 peak and still only at 50% of last year's Google trends value. Wild.", 'jobzlv'], ['u/Longlang', 23, '2020-11-05 07:15', 'https://www.reddit.com/r/BitcoinMarkets/comments/jobzlv/daily_discussion_thursday_november_05_2020/gb7c7er/', 'This sub has been uncharacteristically quiet considering how the price has been skyrocketing over the last couple days... Is there something else going on right now?', 'jobzlv'], ['u/anchoricex', 10, '2020-11-05 07:18', 'https://www.reddit.com/r/BitcoinMarkets/comments/jobzlv/daily_discussion_thursday_november_05_2020/gb7cfi1/', 'my theory is that too many people are in alts and they hurtin', 'jobzlv'], ['u/girlshero...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
15565.88, 14833.75, 15479.57, 15332.32, 15290.90, 15701.34, 16276.34, 16317.81, 16068.14, 15955.59
|
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Hey everybody Dave Bartosiak with Trending Stocks. Big shout out to all my HODLERs out there. Your day in the sun has finally come! Bitcoin is surging right now, pushing up over $15,000 for the first time since January 2018. Does that mean you nerds can finally tell everyone else, “Told you so!” I wish you could celebrate by buying the newNVIDIA (NVDA)RTX 3000 series, but unless you want to pay a King’s Ransom oneBay (EBAY), I suggest you hang onto that bitcoin.\nWe know what this means for the younger crowd. Your fraction of a bitcoin has netted you a whopping $428 in profits. Now you can’t wait to tell me how trading stocks in an old man’s game and I should turn my attention to crypto. Not so fast buddy. There are still many ways to play the bitcoin boom in the regular old boring stock market. In fact, we have an entire portfolio here at Zacks, run by a handsome, albeit furry-faced man. You know exactly what I’m talking about folks, Blockchain Innovators. Rather than give away the secret sauce here, I want to take a look at a stock that is not in the portfolio, yet has been moving along with bitcoin quite dramatically.\nTake a look here atMicrostrategy (MSTR).The company says they are a leading worldwide provider of business intelligence software. At the surface, that seems like a loose correlation at best to blockchain, let alone bitcoin. However, Microstrategy has been quietly adding bitcoin reserves to its balance sheet. As of September 15th, the company had $425 million of bitcoin. On that date, bitcoin closed the day trading a little more than $10,000. Today’s breakout over $15k means these holdings are now worth nearly $650 million. That $200 million plus move higher won’t be reflected in the company’s revenue, because they are merely keeping in on their balance sheet. But if they did, check this out…\nCurrent quarter revenue for the company is only forecast to come in at $124.6 million. Next quarter is forecast at $119.59 million. The bitcoin holdings have appreciated nearly enough to surpass both these quarters combine.\nThe stock chart here sure does not look like a stock which is moving sideways with earnings estimates which are dipping. There’s been a huge divergence between the stock price and earnings. The culprit, the bitcoin holdings. While that’s all great when bitcoin is on the move higher, it puts the stock into some serious risk territory when the music stops. If the bitcoin move can continue, look for Microstrategy to continue to run. If bitcoin reverses, lookout below Microstrategy.\nEvery time you share this video, John McAfee escapes from prison, only to be caught again somewhere in the Caribbean after promoting another ICO. CLICK FOLLOW THE AUTHOR! Subscribe to the YouTube channel, Twitter @bartosiastics, and check out Zacks.com/promo for our sizzling deal on Zacks Ultimate.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free reportNVIDIA Corporation (NVDA) : Free Stock Analysis ReportMicroStrategy Incorporated (MSTR) : Free Stock Analysis ReporteBay Inc. (EBAY) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research', 'Hey everybody Dave Bartosiak with Trending Stocks. Big shout out to all my HODLERs out there. Your day in the sun has finally come! Bitcoin is surging right now, pushing up over $15,000 for the first time since January 2018. Does that mean you nerds can finally tell everyone else, “Told you so!” I wish you could celebrate by buying the new NVIDIA (NVDA) RTX 3000 series, but unless you want to pay a King’s Ransom on eBay (EBAY) , I suggest you hang onto that bitcoin. We know what this means for the younger crowd. Your fraction of a bitcoin has netted you a whopping $428 in profits. Now you can’t wait to tell me how trading stocks in an old man’s game and I should turn my attention to crypto. Not so fast buddy. There are still many ways to play the bitcoin boom in the regular old boring stock market. In fact, we have an entire portfolio here at Zacks, run by a handsome, albeit furry-faced man. You know exactly what I’m talking about folks, Blockchain Innovators. Rather than give away the secret sauce here, I want to take a look at a stock that is not in the portfolio, yet has been moving along with bitcoin quite dramatically. Take a look here at Microstrategy (MSTR). The company says they are a leading worldwide provider of business intelligence software. At the surface, that seems like a loose correlation at best to blockchain, let alone bitcoin. However, Microstrategy has been quietly adding bitcoin reserves to its balance sheet. As of September 15 th , the company had $425 million of bitcoin. On that date, bitcoin closed the day trading a little more than $10,000. Today’s breakout over $15k means these holdings are now worth nearly $650 million. That $200 million plus move higher won’t be reflected in the company’s revenue, because they are merely keeping in on their balance sheet. But if they did, check this out… Current quarter revenue for the company is only forecast to come in at $124.6 million. Next quarter is forecast at $119.59 million. The bitcoin holdings have appreciated nearly enough to surpass both these quarters combine. Story continues The stock chart here sure does not look like a stock which is moving sideways with earnings estimates which are dipping. There’s been a huge divergence between the stock price and earnings. The culprit, the bitcoin holdings. While that’s all great when bitcoin is on the move higher, it puts the stock into some serious risk territory when the music stops. If the bitcoin move can continue, look for Microstrategy to continue to run. If bitcoin reverses, lookout below Microstrategy. Every time you share this video, John McAfee escapes from prison, only to be caught again somewhere in the Caribbean after promoting another ICO. CLICK FOLLOW THE AUTHOR! Subscribe to the YouTube channel, Twitter @bartosiastics, and check out Zacks.com/promo for our sizzling deal on Zacks Ultimate. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report NVIDIA Corporation (NVDA) : Free Stock Analysis Report MicroStrategy Incorporated (MSTR) : Free Stock Analysis Report eBay Inc. (EBAY) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research', 'Hey everybody Dave Bartosiak with Trending Stocks. Big shout out to all my HODLERs out there. Your day in the sun has finally come! Bitcoin is surging right now, pushing up over $15,000 for the first time since January 2018. Does that mean you nerds can finally tell everyone else, “Told you so!” I wish you could celebrate by buying the newNVIDIA (NVDA)RTX 3000 series, but unless you want to pay a King’s Ransom oneBay (EBAY), I suggest you hang onto that bitcoin.\nWe know what this means for the younger crowd. Your fraction of a bitcoin has netted you a whopping $428 in profits. Now you can’t wait to tell me how trading stocks in an old man’s game and I should turn my attention to crypto. Not so fast buddy. There are still many ways to play the bitcoin boom in the regular old boring stock market. In fact, we have an entire portfolio here at Zacks, run by a handsome, albeit furry-faced man. You know exactly what I’m talking about folks, Blockchain Innovators. Rather than give away the secret sauce here, I want to take a look at a stock that is not in the portfolio, yet has been moving along with bitcoin quite dramatically.\nTake a look here atMicrostrategy (MSTR).The company says they are a leading worldwide provider of business intelligence software. At the surface, that seems like a loose correlation at best to blockchain, let alone bitcoin. However, Microstrategy has been quietly adding bitcoin reserves to its balance sheet. As of September 15th, the company had $425 million of bitcoin. On that date, bitcoin closed the day trading a little more than $10,000. Today’s breakout over $15k means these holdings are now worth nearly $650 million. That $200 million plus move higher won’t be reflected in the company’s revenue, because they are merely keeping in on their balance sheet. But if they did, check this out…\nCurrent quarter revenue for the company is only forecast to come in at $124.6 million. Next quarter is forecast at $119.59 million. The bitcoin holdings have appreciated nearly enough to surpass both these quarters combine.\nThe stock chart here sure does not look like a stock which is moving sideways with earnings estimates which are dipping. There’s been a huge divergence between the stock price and earnings. The culprit, the bitcoin holdings. While that’s all great when bitcoin is on the move higher, it puts the stock into some serious risk territory when the music stops. If the bitcoin move can continue, look for Microstrategy to continue to run. If bitcoin reverses, lookout below Microstrategy.\nEvery time you share this video, John McAfee escapes from prison, only to be caught again somewhere in the Caribbean after promoting another ICO. CLICK FOLLOW THE AUTHOR! Subscribe to the YouTube channel, Twitter @bartosiastics, and check out Zacks.com/promo for our sizzling deal on Zacks Ultimate.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free reportNVIDIA Corporation (NVDA) : Free Stock Analysis ReportMicroStrategy Incorporated (MSTR) : Free Stock Analysis ReporteBay Inc. (EBAY) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research', '(Bloomberg) -- Square Inc.’s quarterly sales more than doubled, underscoring a surge in demand for Bitcoin trades, stock purchases and other financial transactions by customers cooped up during the global pandemic. The stock rose 5% in after-hours tradin
**Last 60 Days of Bitcoin's Closing Prices:**
[10369.56, 10131.52, 10242.35, 10363.14, 10400.92, 10442.17, 10323.76, 10680.84, 10796.95, 10974.91, 10948.99, 10944.59, 11094.35, 10938.27, 10462.26, 10538.46, 10246.19, 10760.07, 10692.72, 10750.72, 10775.27, 10709.65, 10844.64, 10784.49, 10619.45, 10575.97, 10549.33, 10669.58, 10793.34, 10604.41, 10668.97, 10915.69, 11064.46, 11296.36, 11384.18, 11555.36, 11425.90, 11429.51, 11495.35, 11322.12, 11358.10, 11483.36, 11742.04, 11916.33, 12823.69, 12965.89, 12931.54, 13108.06, 13031.17, 13075.25, 13654.22, 13271.29, 13437.88, 13546.52, 13781.00, 13737.11, 13550.49, 13950.30, 14133.71, 15579.85]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2020-11-06
**Financial & Commodity Data:**
- Gold Closing Price: $1950.30
- Crude Oil Closing Price: $37.14
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $261,664,776,750
- Hash Rate: 127682332.78656287
- Transaction Count: 340351.0
- Unique Addresses: 756129.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.90
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Bitcoin is recovering from Tuesday’s drop while there is a decrease in large-balance ether addresses.
• Bitcoin(BTC) trading around $10,651 as of 20:00 UTC (4 p.m. ET). Gaining 0.66% over the previous 24 hours.
• Bitcoin’s 24-hour range: $10,524-$10,683
• BTC above its 10-day moving average but below the 50-day, a sideways signal for market technicians.
Bitcoin’s price is making gains Wednesday, recovering from a spate of selling Tuesday that coincided with U.S. President Donald Trump’s tweet calling off stimulus negotiations with lawmakers. Bitcoin was able to hit $10,650 on spot exchange such as Coinbase before settling to $10,651, as of press time.
Read More:Analysts Can’t Agree on What Prompted Big Spike in New Bitcoin Addresses
Related:First Mover: Bitcoin 'Comatose' Under $16K for Rest of 2020, While Ether Traffic Eases
In its weekly investor note, quantitative trading firm QCP Capital indicated bitcoin’s ability to stay above $10,000 in the face of a less-than-optimistic news cycle is promising. “We’d need to see a break below the key $10,000 level to have any downside follow-through,” QCP stated. “We are likely just treading water and building momentum until after the elections, when we think the coast will then be clear for a new bull trend to develop.” Since early September bitcoin has remained in the $10,000-$11,000 price range.
“The crypto markets are still very highly correlated to traditional markets and the broader economy as a whole,” said Michael Rabkin, head of institutional sales for cryptocurrency market maker DV Chain. “We believe that any time markets tick up or tick down this is exaggerated in crypto. The correlation is still very high.” Bitcoin may be operating in tandem with traditional markets as of late, but its returns over the past month have been beating global stock indexes.
In the options market, traders have over 36,000 BTC in open interest set to expire by Oct. 30.
Based on the probability of those options, bitcoin has a 68% chance of closing out the month over $10,000, a 53% chance of being over $10,500 and just a 37% chance to hit $11,000.
Related:Bitcoin Options Volume on CME Jumps 300% as Traders Take Bullish Bets
DV Chain’s Rabkin noted that as more sophisticated investors jump into crypto, it may ebb and flow with the traditional market more than ever before. “As bitcoin is becoming a new asset class for institutional market participants, its sensitivity to macro events will rise over time.”
The second-largest cryptocurrency by market capitalization,ether(ETH), was flat Wednesday, trading around $341 and in the red 0.03% in 24 hours as of 20:00 UTC (4:00 p.m. ET).
Read More:Amid US-China Tech War, Can Neo’s DeFi Stack Rival Ethereum’s?
The number of Ethereum addresses with a balance greater than or equal 1,000 ETH is at a three-year low. It dropped 7,162 addresses Sept. 27, the lowest since Oct. 17, 2017. As of Tuesday, Ethereum addresses with a balance greater than or equal 1,000 ETH was at 7,220 addresses.
It’s important to note this data from Glassnode don’t include smart contracts, which may help explain why the number of addresses has dropped in 2020. George Clayton, a managing partner of investment firm Cryptanalysis Capital, says many large ether holders are likely moving some of the crypto into smart contract-based DeFi protocols for additional profit opportunities.
“Ethereum believers ought to be DeFi believers as well,” said Clayton. “With billions flowing into DeFi, major ETH holders might be getting in on the action by participating in automated market making pools or staking ERC-20 tokens, thereby reducing ETH balances.”
Digital assets on theCoinDesk 20are mixed Wednesday. Notable winners as of 20:00 UTC (4:00 p.m. ET):
• monero(XMR) + 5.7%
• bitcoin sv(BSV) + 3.1%
• tezos(XTZ) + 2.1%
Notable losers as of 20:00 UTC (4:00 p.m. ET):
• eos(EOS) – 1%
• ethereum classic(ETC) – 1%
• tron(TRX) – 0.21%
Read More:BitMEX Says It’s ‘Business as Usual’ Despite 30% Drop in Bitcoin Balances
Equities:
• Asia’s Nikkei 225 closed flat, in the red 0.05% asinvestor sentiment was mixed on U.S. President Donald Trump’s decision to halt economic stimulus talks.
• The FTSE 100 ended the day flat, in the red 0.06% asTrump sent disparate signals on stimulus and possible airline bailouts.
• In the United States the S&P 500 jumped 1.7% asinvestors were optimistic some form of stimulus package would be completed prior to the November presidential election.
Commodities:
• Oil was up 0.47%. Price per barrel of West Texas Intermediate crude: $39.96.
• Gold was in the green 0.46% and at $1,886 as of press time.
Treasurys:
• U.S. Treasury bond yields climbed Wednesday. Yields, which move in the opposite direction as price, were up most on the 10-year, gaining to 0.785 and in the green 7.2%.
• Market Wrap: Bitcoin Regains $10.6K; High-Balance Ether Addresses Decline
• Market Wrap: Bitcoin Regains $10.6K; High-Balance Ether Addresses Decline...
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
14833.75, 15479.57, 15332.32, 15290.90, 15701.34, 16276.34, 16317.81, 16068.14, 15955.59, 16716.11
|
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Bitcoin, BTC to USD, rose by 0.03% on Friday. Consolidating Thursday’s 10.01% breakout, Bitcoin ended the day at $15,572.9.\nIt was a mixed start to the day. Bitcoin rallied to an early morning intraday high $15,888.0 before hitting reverse.\nFalling sort of the first major resistance level at $16,160, Bitcoin slid to a late intraday low $15,179.0.\nSteering well clear of the first major support level at $14,540, Bitcoin bounced back to $15,600 levels before easing back to sub-$16,000 levels. A final hour move reversed the losses from earlier in the day.\nThe near-term bullish trend remained intact, supported by the latest move through to $15,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $6,400 to form a near-term bearish trend.\nAcross the rest of the majors, it was a mixed day on Friday.\nCrypto.com Coin fell by 1.27% to buck the trend on the day.\nIt was a particularly bullish day for the rest of the majors, however.\nCardano’s ADA and Chainlink surged by 12.11% and by 10.78% respectively to lead the way\nEthereum (+9.43%), Litecoin (+7.23%), Polkadot (+8.53%), and Ripple’s XRP (5.12%) also found strong support.\nBinance Coin (+4.97%), Bitcoin Cash ABC (+2.38%), and Bitcoin Cash SV (+3.25%), trailed the front runners.\nFor the current week, the crypto total market cap fell to a Tuesday low $379.41bn before hitting a Friday high $456.16bn. At the time of writing, the total market cap stood at $447.23bn.\nBitcoin’s dominance fell to a Monday low 63.16% before rising to a Friday high 66.51%. At the time of writing, Bitcoin’s dominance stood at 64.87%.\nAt the time of writing, Bitcoin was up by 0.24% to $15,610.0. A mixed start to the day saw Bitcoin fall to an early morning low $15,534.0 before rising to a high $15,655.0.\nBitcoin left the major support and resistance levels untested early on.\nElsewhere, it was a bullish start to the day.\nAt the time of writing, Bitcoin Cash ABC (+1.66%), Chainlink (1.93%), and Ethereum (+1.46%) led the way.\nBitcoin would need to avoid a fall through the pivot level at $15,547 to bring the first major resistance level at $15,914 into play.\nSupport from the broader market would be needed, however, for Bitcoin to break out from Friday’s high $15,888.0.\nBarring an extended crypto rally, the first major resistance level and resistance at $16,000 would likely cap any upside.\nIn the event of another crypto breakout, Bitcoin could test the second major resistance level at $16,256 and resistance at $16,500.\nFailure to avoid a fall through the $15,547 pivot would bring the first major support level at $15,205 into play.\nBarring an extended crypto sell-off, Bitcoin should continue to steer clear of sub-$15,000 levels. The second major support level sits at $14,838.\nThisarticlewas originally posted on FX Empire\n• S&P 500 Price Forecast – Stock Markets Continue to Grind Higher\n• Crude Oil Weekly Price Forecast – Crude Oil Markets Attempt to Recovery\n• European Equities: A Week in Review – 06/11/20\n• Natural Gas Price Prediction – Prices Drop Through Trendline Support on Warm Weather Forecast\n• Natural Gas Weekly Price Forecast – Natural Gas Fills The Gap\n• Silver Weekly Price Forecast – Silver Markets Have Strong Week', 'Bitcoin, BTC to USD, rose by 0.03% on Friday. Consolidating Thursday’s 10.01% breakout, Bitcoin ended the day at $15,572.9. It was a mixed start to the day. Bitcoin rallied to an early morning intraday high $15,888.0 before hitting reverse. Falling sort of the first major resistance level at $16,160, Bitcoin slid to a late intraday low $15,179.0. Steering well clear of the first major support level at $14,540, Bitcoin bounced back to $15,600 levels before easing back to sub-$16,000 levels. A final hour move reversed the losses from earlier in the day. The near-term bullish trend remained intact, supported by the latest move through to $15,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $6,400 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was a mixed day on Friday. Crypto.com Coin fell by 1.27% to buck the trend on the day. It was a particularly bullish day for the rest of the majors, however. Cardano’s ADA and Chainlink surged by 12.11% and by 10.78% respectively to lead the way Ethereum (+9.43%), Litecoin (+7.23%), Polkadot (+8.53%), and Ripple’s XRP (5.12%) also found strong support. Binance Coin (+4.97%), Bitcoin Cash ABC (+2.38%), and Bitcoin Cash SV (+3.25%), trailed the front runners. For the current week, the crypto total market cap fell to a Tuesday low $379.41bn before hitting a Friday high $456.16bn. At the time of writing, the total market cap stood at $447.23bn. Bitcoin’s dominance fell to a Monday low 63.16% before rising to a Friday high 66.51%. At the time of writing, Bitcoin’s dominance stood at 64.87%. This Morning At the time of writing, Bitcoin was up by 0.24% to $15,610.0. A mixed start to the day saw Bitcoin fall to an early morning low $15,534.0 before rising to a high $15,655.0. Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was a bullish start to the day. At the time of writing, Bitcoin Cash ABC (+1.66%), Chainlink (1.93%), and Ethereum (+1.46%) led the way. Story continues For the Bitcoin Day Ahead Bitcoin would need to avoid a fall through the pivot level at $15,547 to bring the first major resistance level at $15,914 into play. Support from the broader market would be needed, however, for Bitcoin to break out from Friday’s high $15,888.0. Barring an extended crypto rally, the first major resistance level and resistance at $16,000 would likely cap any upside. In the event of another crypto breakout, Bitcoin could test the second major resistance level at $16,256 and resistance at $16,500. Failure to avoid a fall through the $15,547 pivot would bring the first major support level at $15,205 into play. Barring an extended crypto sell-off, Bitcoin should continue to steer clear of sub-$15,000 levels. The second major support level sits at $14,838. This article was originally posted on FX Empire More From FXEMPIRE: S&P 500 Price Forecast – Stock Markets Continue to Grind Higher Crude Oil Weekly Price Forecast – Crude Oil Markets Attempt to Recovery European Equities: A Week in Review – 06/11/20 Natural Gas Price Prediction – Prices Drop Through Trendline Support on Warm Weather Forecast Natural Gas Weekly Price Forecast – Natural Gas Fills The Gap Silver Weekly Price Forecast – Silver Markets Have Strong Week', 'Fintech Header Quantopian Joins Robinhood To Unlock Finance The Nitty-Gritty: Founded in 2011 to inspire and unlock access to algorithmic investing, Quantopian’s co-founder and CTO John Fawcett released a blog post on his team’s intent to integrate with commission-free broker Robinhood. “The Quantopian team is joining Robinhood to continue to pursue our passion for opening access to markets and democratizing the financial system,” he said. “Quantopian has always stood for greater access and deeper education, so we are fundamentally aligned with Robinhood’s mission to democratize finance for all.” The development comes after the firm raised nearly $50 million in funds with participation from some well-known investors including Point72 Ventures, Andreessen Horowitz, Anthemis Group, among others. The company used the funds to spur the development of algorithmically-driven strategies that minimize risk through a combination of long and short positions. After mixed success evaluating new opportunities to derive alpha as well as provide value to participating creators and investors, the firm decided it will retire its community and related services on Nov. 14, 2020. Fintech Awards Finalist: Wilshire Phoenix About Wilshire Phoenix: Founded in 2018, Wilshire Phoenix is a fintech specializing in investor experiences. The company is at the forefront of financial innovation, tracking and analyzing shifting financial landscapes to develop products for the various challenges investors face. Core Product: Wilshire Phoenix allows investors exposure to emerging market trends not traditionally covered by existing products. The company’s core product portfolio consists of the following funds which are currently in registration with the SEC: wShares Enhanced Gold Trust wShares Bitcoin Commodity Trust Innovation Outlook: Going forward, Wilshire Phoenix looks to be on the front lines of innovation in the ETF and index fund space. It will accomplish this by expanding its wShares product offering through proprietary methodologies. Story continues “Launching wShares is a testament to all the hard work that our team has devoted over the past few years,” said managing partner William Herrmann. “We’re now one step closer to bringing our products to market. We thrive on pushing boundaries and will continue to do so. Investors deserve better access to differentiated strategies.” Fintech Awards Finalist: Accern About Accern: Founded in 2014, Accern specializes in AI workflows for enterprises. The company is a pioneer in the no-code industry, allowing leading organizations, such as Allianz SE, IBM Corporation, and Jefferies Financial Group, the ability to build and deploy AI solutions with ease. Core Product: Accern comes as a holistic solution for scaling AI adoption in tech-focused organizations. The company’s core product portfolio consists of solutions catered to the following industries: Asset Managers: Uncover ideas, accelerate portfolio intelligence, and manage risk. Asset Owners: Perform due diligence, monitor external investments, and manage risk. Wealth Managers: Provide client-specific advice and product recommendations. Quantitative Managers: Create alternative data sets, and construct investment signals. Private Markets: Screening, enhanced due diligence, and monitor portfolio companies. Insurance: Detect fraud, improve underwriting and distribution, and automate claims. Banking: Improve lending deci
**Last 60 Days of Bitcoin's Closing Prices:**
[10131.52, 10242.35, 10363.14, 10400.92, 10442.17, 10323.76, 10680.84, 10796.95, 10974.91, 10948.99, 10944.59, 11094.35, 10938.27, 10462.26, 10538.46, 10246.19, 10760.07, 10692.72, 10750.72, 10775.27, 10709.65, 10844.64, 10784.49, 10619.45, 10575.97, 10549.33, 10669.58, 10793.34, 10604.41, 10668.97, 10915.69, 11064.46, 11296.36, 11384.18, 11555.36, 11425.90, 11429.51, 11495.35, 11322.12, 11358.10, 11483.36, 11742.04, 11916.33, 12823.69, 12965.89, 12931.54, 13108.06, 13031.17, 13075.25, 13654.22, 13271.29, 13437.88, 13546.52, 13781.00, 13737.11, 13550.49, 13950.30, 14133.71, 15579.85, 15565.88]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2020-11-07
**Financial & Commodity Data:**
- Gold Closing Price: $1950.30
- Crude Oil Closing Price: $37.14
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $288,046,873,409
- Hash Rate: 121840657.43031491
- Transaction Count: 270901.0
- Unique Addresses: 608746.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.88
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: New York federal prosecutors charged two men with running a phony bitcoin brokerage service that duped victims of $5 million.
• As alleged in acriminal complaint unsealed Monday, former fugitive Randy Craig Levine and disbarred attorney Philip Reichenthal never bought their two high-rolling investors anybitcoindespite promising to do so.
• One victim, an unnamed “purported cryptocurrency escrow firm,” wired Levine $3 million to fund an over-the-counter desk’s bitcoin buy, according to prosecutors, who said the second victim, a Florida bitcoin investor, wired Levine $2 million.
• Levine allegedly told the victims their funds were moved into an “escrow” service and then stopped responding to the victims’ questions.
• But Levine’s escrow was actually Reichenthal’s money-laundering front, prosecutors allege. They claim Reichenthal wired millions to Russian, Mexican and Guatemalan bank accounts controlled by Levine aliases.
• Levine and Reichenthal allegedly pocketed the money, giving their victims no refunds or bitcoin.
• The pair face allegations of wire fraud, money laundering and commodities fraud in New York federal district court.
• Levine is currently awaiting extradition from Austria; he’s been on the run from U.S. authorities since 2005. Reichenthal was disbarred last October in a Florida court.
• Two Charged With Duping Investors Out of $5M With Bogus Bitcoin-Buying Brokerage
• Two Charged With Duping Investors Out of $5M With Bogus Bitcoin-Buying Brokerage
• Two Charged With Duping Investors Out of $5M With Bogus Bitcoin-Buying Brokerage
• Two Charged With Duping Investors Out of $5M With Bogus Bitcoin-Buying Brokerage...
- Reddit Posts (Sample): [['u/jpreyneke', 'If you are in a margin trade on Poloniex - GET OUT NOW!', 18, '2020-11-07 00:49', 'https://www.reddit.com/r/CryptoCurrency/comments/jpgbh0/if_you_are_in_a_margin_trade_on_poloniex_get_out/', "Hi Folks,\n\nI am posting this on behalf of VitriolicZA, his message follows below:\n\nSo here's my own **personal horror story** from the past week or so. I have been in a long running\n\nmargin trade on Poloniex for several months on Stellar Lumens (XLM) also known as STRBTC. I have\n\nbeen adding margin to this trade for some time to keep it afloat, trusting that eventually the price\n\nwill rebound.\n\nOn the evening of 27th October @ 18:04 there was a flash crash that took the Stellar price down to\n\n106 sats from +-600 sats before the price rebounded back to where it was. This move instantly\n\nliquidated my position as the Polo liquidation engine is based on Last Traded Price (no index or fair\n\nmarket price system similar to that of Bitmex for example). You can see in the attached image an\n\nexample of what this looked like on the chart.\n\n[STRBTC Chart](https://imgur.com/a/cnK09Wp)\n\nI contacted Poloniex support to find out what had happened. You can see there response below.\n\nHonestly, sounds like a load of bullshit to me.\n\n[Poloniex Email](https://imgur.com/a/qvuN4yz)\n\nTo which my response was as follows:\n\n“Thanks for your swift response and what you have done so far. I do however feel that this is dishonest on the exchange's part as they have essentially forced me to then close my trade at 624 sats at a massive loss. This is not something I clearly would have ordinarily done as I have been adding margin to the trade to keep it afloat for some time. It means that the exchange has interfered in my trade beyond the ordinary scope of what they would do so. I believe that the correct thing to do would be to restore my original trade in place at your quoted price of 624 sats.”\n\nI have since been in touch with a handful of people that were affected in the same crash and they have received similar responses from the Polo support team and have also since been ignored for any follow up.\n\nNow that this has happened to me, I decided to do more research into it and found that this exact same thing has occurred several times on Poloniex. Links for more info below on these other instances:\n\n(will post in comments)\n\nInterestingly, the STR wallet was down several days prior to the crash and almost immediately went down for maintenance again straight after (trying to prevent people from leaving with currency for some reason perhaps?). It honestly feels like everything they do is underhanded and leaves me questioning whether or not perhaps they instigated this flash crash to fish for liquidations themselves.\n\nMy questions for the forum are as follows:\n\n1. Do you agree that Polo is at fault/admitted fault and that I am justified in wanting them to either reinstate my margin trade or some alternative for recompensation?\n2. Has this happened to you in any way and if so, did Polo reimburse you or are you being affected by the same Stellar Flash Crash?\n3. Do I have any grounds for wanting to claim recompensation for what has happened?\n\n**TL;DR: Get your coins off of Poloniex. I feel that they have scammed me out of currency and many others that I have been in contact with; they're liquidity is shocking. You WILL be liquidated by flash crashes.**", 'https://www.reddit.com/r/CryptoCurrency/comments/jpgbh0/if_you_are_in_a_margin_trade_on_poloniex_get_out/', 'jpgbh0', [['u/PM_pregnantgoat', 13, '2020-11-07 01:04', 'https://www.reddit.com/r/CryptoCurrency/comments/jpgbh0/if_you_are_in_a_margin_trade_on_poloniex_get_out/gbeihsu/', 'Margin trading is gambling and addicting. I’ve been there and stop a long time ago.', 'jpgbh0'], ['u/grimeflea', 11, '2020-11-07 02:20', 'https://www.reddit.com/r/CryptoCurrency/comments/jpgbh0/if_you_are_in_a_margin_trade_on_poloniex_get_out/gbeqmq6/', '> margin trade on Poloniex for several months on Stellar Lumens (XLM) also known as STRBTC. I have\nbeen adding margin to this trade for some time to keep it afloat, trusting that eventually the price will rebound.\n\nMan, I don’t want to piss on your jellyfish sting, but this here isn’t smart. So you’ve effectively been in a months-long counter trend? That’s what it reads like, since you’ve been keeping it afloat with hopium.\n\nHad you been on the right side of the trade, read the market, do some homework on the chart etc and gotten in a short, that wick would’ve brought tears of joy.\n\nIt’s just not smart to counter trade; if you get good at trading you should know what the chart is saying and get out as soon as it’s clear you’ve made a bad move. Instead of doing that, or having a stop, you’re now liquidated.\n\nI know people who used a counter-trend bot that works extremely well if the market is ranging or only trending slightly, so it was going well for a much if this year.\nThen this recent BTC pump started about 3 weeks ago and people got liquidated losing anywhere between 0.3-3BTC.\n\nDoing a counter trend trade and trying to average your entry and all that is just.not.smart. Get out quick or use stops and go back to the drawing board.\n\nThe exchange won’t give you anything, these wicks happen often, and they used to ripple out from BitMex before their volume dropped with the US charges, but every exchange would get a version of it.', 'jpgbh0']]], ['u/msafi', 'Comparing 2020 halving price movement with 2016', 93, '2020-11-07 02:44', 'https://www.reddit.com/r/Bitcoin/comments/jpi49h/comparing_2020_halving_price_movement_with_2016/', "I made a webpage with a couple of live interactive charts to compare the 2020 post-halving price with 2016 halving.\n\nIt's interesting that this cycle has so far been tracking the 2016 cycle pretty closely. But if it keeps tracking it then we might see a sharp drop in price soon. After which there would be a gradual recovery and then an all-time high of $260,000 by mid-2021!\n\nCheck out the charts, and let me know what you think!\n\nhttps://hookspoint.com/pages/2016-vs-2020-bitcoin-price-movement/\n\nBetter viewed on desktop or in landscape mode. Also, might not work if you're running an AdBlocker (but there are no ads on the page)", 'https://www.reddit.com/r/Bitcoin/comments/jpi49h/comparing_2020_halving_price_movement_with_2016/', 'jpi49h', [['u/Reverend_James', 17, '2020-11-07 03:18', 'https://www.reddit.com/r/Bitcoin/comments/jpi49h/comparing_2020_halving_price_movement_with_2016/gbewldl/', 'Get ready for the drop', 'jpi49h'], ['u/RavisTrice', 39, '2020-11-07 04:31', 'https://www.reddit.com/r/Bitcoin/comments/jpi49h/comparing_2020_halving_price_movement_with_2016/gbf3zwy/', 'The phrase "this time is different\' is often regretted by those that say it, and I hate to be the next fool, but...\n\n4 years ago bitcoin and crypto wasn\'t part of the serious conversation in mainstream investing, it wasn\'t being thrown out as on parity with gold and silver let alone picked over them nor publicly supported by institutional names, it wasn\'t supported by major payment systems, it wasn\'t being used to escape runaway inflation / currency collapse in multiple countries, it wasn\'t being added to business balance sheets as an asset, it wasn\'t being bought by institutions and investment trusts, it wasn\'t being mined by governments, it wasn\'t being publicly talked about by first world central banks as something they\'re looking at how to implement... and so forth and so on.\n\nOf course this was what we thought it could be all along, but it was mostly just theoretical.\n\nAnd lets be real, the last bull run was sponsored by tether. I don\'t think this one is. The shorters betting against those psychological barriers are being bought up. I\'d put my money on that there are multiple institutions using the microstrategies playbook they put out and there\'s just no dips. And crypto is eating precious metals lunch.\n\nWe might see a dip from btc this big run up because its been so quick that it takes people time to get use to, but, whenever anyone talks about it going down they\'re quick to add it\'s so they can buy more... people only want more... and there\'s only so many weak hands.\n\nThis time it really does seem like the there\'s converging force from multiple variables and it\'s got momentum and strength. But, we\'ll see.', 'jpi49h'], ['u/msafi', 11, '2020-11-07 05:38', 'https://www.reddit.com/r/Bitcoin/comments/jpi49h/comparing_2020_halving_price_movement_with_2016/gbfacss/', "I mean this time it is different, at least in some ways. Whether we see a pullback soon or not, Bitcoin's fundamentals have always been very strong. In the long term, moon is almost a certainty. Personally, I'll just DCA, hodl, and stay calm :)", 'jpi49h'], ['u/WhiskeyTango311', 18, '2020-11-07 07:15', 'https://www.reddit.com/r/Bitcoin/comments/jpi49h/comparing_2020_halving_price_movement_with_2016/gbfi0yu/', 'Rip', 'jpi49h']]], ['u/TornadicPursuit', 'How did the Feds “seize” the Bitcoin affiliated with The Silk Road?', 40, '2020-11-07 02:45', 'https://www.reddit.com/r/BitcoinBeginners/comments/jpi59z/how_did_the_feds_seize_the_bitcoin_affiliated/', 'I hear all the time “not your keys, not your Bitcoin”. How did the Feds get the keys? It seems weird that anyone would voluntarily cough them up.', 'https://www.reddit.com/r/BitcoinBeginners/comments/jpi59z/how_did_the_feds_seize_the_bitcoin_affiliated/', 'jpi59z', [['u/subduderecords', 14, '2020-11-07 02:54', 'https://www.reddit.com/r/BitcoinBeginners/comments/jpi59z/how_did_the_feds_seize_the_bitcoin_affiliated/gbeu5rg/', 'Supposedly the person gave them up for a lesser charge... So nothing was really seized.', 'jpi59z'], ['u/hamspamblamtram', 19, '2020-11-07 03:20', 'https://www.reddit.com/r/BitcoinBeginners/comments/jpi59z/how_did_the_feds_seize_the_bitcoin_affiliated/gbewsof/', "If you're going to do illegal shit with your Bitcoin, you better memorize t...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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15479.57, 15332.32, 15290.90, 15701.34, 16276.34, 16317.81, 16068.14, 15955.59, 16716.11, 17645.41
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Bitcoin, BTC to USD, slid by 4.67% on Saturday. Reversing a 0.03% gain from Friday, Bitcoin ended the day at $14,845.0.\nIt was a mixed start to the day. Bitcoin rose to an early morning intraday high $15,740.0 before hitting reverse.\nFalling sort of the first major resistance level at $15,914, Bitcoin slid to a late intraday low $14,411.0.\nThe sell-off saw Bitcoin fall through the first major support level at $15,205 and the second major support level at $14,838.\nFinding late support, Bitcoin broke back through the second major support level to wrap up the day at $14,840 levels.\nThe near-term bullish trend remained intact, supported by the latest move through to $15,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $6,400 to form a near-term bearish trend.\nAcross the rest of the majors, it was a bearish day on Saturday.\nCardano’s ADA (-7.31%), Crypto.com Coin (-6.45%), and Litecoin (-6.96%) led the way down.\nBinance Coin (-4.51%), Bitcoin Cash SV (-4.31%), Chainlink (-3.56%), Ethereum (-4.56%), Polkadot (-3.03%), and Ripple’s XRP (-3.71) also struggled.\nBitcoin Cash ABC fell by a relatively modest 1.25% on the day.\nFor the current week, the crypto total market cap fell to a Tuesday low $379.41bn before hitting a Friday high $456.16bn. At the time of writing, the total market cap stood at $421.96bn.\nBitcoin’s dominance fell to a Monday low 63.16% before rising to a Friday high 66.51%. At the time of writing, Bitcoin’s dominance stood at 64.80%.\nAt the time of writing, Bitcoin was down by 0.49% to $14,771.7. A bearish start to the day saw Bitcoin fall from an early morning high $14,849.0 to a low $14,765.0.\nBitcoin left the major support and resistance levels untested early on.\nElsewhere, it was a mixed start to the day.\nBitcoin Cash SV (+0.79%) and Litecoin (+0.12%) found early support to buck the trend.\nIt was a bearish start for the rest of the majors, however.\nAt the time of writing, Chainlink was down by 1.70% to lead the way down.\nBitcoin would need to move through the pivot level at $14,999 to bring the first major resistance level at $15,586 into play.\nSupport from the broader market would be needed for Bitcoin to break back through to $15,000 levels.\nBarring an extended crypto rally, however, Bitcoin would likely fall well short of $15,500 levels and the first major resistance level.\nIn the event of a crypto breakout, Bitcoin could revisit Saturday’s high $15,740.0. The second major resistance level sits at $16,328.\nFailure to move through the $14,999 pivot would bring the first major support level at $14,257 into play.\nBarring another extended crypto sell-off, Bitcoin should steer clear of sub-$14,000 levels. The second major support level sits at $13,670.\nThisarticlewas originally posted on FX Empire\n• S&P 500 Weekly Price Forecast – Stock Markets Hit Top of Range\n• E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – Within Striking Distance of All-Time High\n• The Crypto Daily – Movers and Shakers – November 8th, 2020\n• Gold Weekly Price Forecast – Gold Shows Bullish Candle for the Week\n• European Equities: A Week in Review – 06/11/20\n• Natural Gas Price Prediction – Prices Drop Through Trendline Support on Warm Weather Forecast', 'Bitcoin, BTC to USD, slid by 4.67% on Saturday. Reversing a 0.03% gain from Friday, Bitcoin ended the day at $14,845.0. It was a mixed start to the day. Bitcoin rose to an early morning intraday high $15,740.0 before hitting reverse. Falling sort of the first major resistance level at $15,914, Bitcoin slid to a late intraday low $14,411.0. The sell-off saw Bitcoin fall through the first major support level at $15,205 and the second major support level at $14,838. Finding late support, Bitcoin broke back through the second major support level to wrap up the day at $14,840 levels. The near-term bullish trend remained intact, supported by the latest move through to $15,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $6,400 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was a bearish day on Saturday. Cardano’s ADA (-7.31%), Crypto.com Coin (-6.45%), and Litecoin (-6.96%) led the way down. Binance Coin (-4.51%), Bitcoin Cash SV (-4.31%), Chainlink (-3.56%), Ethereum (-4.56%), Polkadot (-3.03%), and Ripple’s XRP (-3.71) also struggled. Bitcoin Cash ABC fell by a relatively modest 1.25% on the day. For the current week, the crypto total market cap fell to a Tuesday low $379.41bn before hitting a Friday high $456.16bn. At the time of writing, the total market cap stood at $421.96bn. Bitcoin’s dominance fell to a Monday low 63.16% before rising to a Friday high 66.51%. At the time of writing, Bitcoin’s dominance stood at 64.80%. This Morning At the time of writing, Bitcoin was down by 0.49% to $14,771.7. A bearish start to the day saw Bitcoin fall from an early morning high $14,849.0 to a low $14,765.0. Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was a mixed start to the day. Bitcoin Cash SV (+0.79%) and Litecoin (+0.12%) found early support to buck the trend. It was a bearish start for the rest of the majors, however. Story continues At the time of writing, Chainlink was down by 1.70% to lead the way down. For the Bitcoin Day Ahead Bitcoin would need to move through the pivot level at $14,999 to bring the first major resistance level at $15,586 into play. Support from the broader market would be needed for Bitcoin to break back through to $15,000 levels. Barring an extended crypto rally, however, Bitcoin would likely fall well short of $15,500 levels and the first major resistance level. In the event of a crypto breakout, Bitcoin could revisit Saturday’s high $15,740.0. The second major resistance level sits at $16,328. Failure to move through the $14,999 pivot would bring the first major support level at $14,257 into play. Barring another extended crypto sell-off, Bitcoin should steer clear of sub-$14,000 levels. The second major support level sits at $13,670. This article was originally posted on FX Empire More From FXEMPIRE: S&P 500 Weekly Price Forecast – Stock Markets Hit Top of Range E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – Within Striking Distance of All-Time High The Crypto Daily – Movers and Shakers – November 8th, 2020 Gold Weekly Price Forecast – Gold Shows Bullish Candle for the Week European Equities: A Week in Review – 06/11/20 Natural Gas Price Prediction – Prices Drop Through Trendline Support on Warm Weather Forecast', 'Although most eyes were on the U.S. elections and most of last week’s rally was fueled by increased demand for higher risk assets, there were also economic reports released that may have had a slight influence on the price action. These reports include the AIG Manufacturing Index, ANZ Job Advertisements, Building Approvals, AIG Construction Index, Retail Sales and Trade Balance.\nThe economic data came out too late to affect the major decisions by the Reserve Bank of Australia (RBA), but it was good enough to boost confidence that the economy was moving in the direction and with some help from the RBA could turn the corner rather quickly.\nLast week, theAUD/USDsettled at .7260, up 0.0232 or +3.30%.\nThe Australian Industry Group Australian Performance ofManufacturing Indexincreased by 9.6 points to 56.3 in October, indicating expanding conditions for the first time since July.\nAustralia’s manufacturing industries grew solidly in October with production employment sales and exports all moving convincingly into growth territory. Once again, the large food & beverages sector led the way with strong contributions from machinery & equipment manufacturers and with support from firmer growth in the textiles, clothing, footwear, paper & printing group. The chemicals sector stabilized in October while the pace of contraction eased in both the metal products and building materials sectors.\nRespondents across all sectors noted a jump in sales and new orders as a result of pent up demand from the initial activity restrictions. The jump into expansion was driven by large improvements in New South Wales, which rose into expansion, and Victoria, which remained in contraction but improved from a deep contraction in September.\nAi Group Chief Executive Innes Willox said:\xa0 “With the quantity of fiscal support easing in October and with the tax cuts only just starting to flow through, the lift of sales and the strong growth of new orders are particularly encouraging signs of improving household and business confidence. The solid national performance was achieved despite another month of contraction in Victoria. With restrictions in Victoria being lifted there are very good prospects of further strength in the closing months of 2020,” Mr. Willox said.\nFor a look at all of today’s economic events, check out oureconomic calendar.\nThisarticlewas originally posted on FX Empire\n• Gold Price Futures (GC) Technical Analysis – Next Challenge for Buyers is $1970.10 – $1998.20 Retracement Zone\n• E-mini Dow Jones Industrial Average (YM) Futures Technical Analysis – Needs to Hold 27741 to Sustain Momentum\n• Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – November 7th, 2020\n• European Equities: A Week in Review – 06/11/20\n• Bitcoin Enters New Bullish Cycle, Aiming for New All-Time Highs\n• The Week Ahead – U.S Politics, COVID-19, and Brexit Likely to Overshadow Data', 'Although most eyes were on the U.S. elections and most of last week\x92s rally was fueled by increased demand for higher risk assets, there were also economic reports released that may have had a slight influence on the price action. These reports include the AIG Manufacturing Index, ANZ Job Advertisements, Building Approvals, AIG Construction Index, Retail Sales and Trade Balance. The economic data came out too late to affect the major decisions by the Reserve Bank of Australia (RBA), but it was
**Last 60 Days of Bitcoin's Closing Prices:**
[10242.35, 10363.14, 10400.92, 10442.17, 10323.76, 10680.84, 10796.95, 10974.91, 10948.99, 10944.59, 11094.35, 10938.27, 10462.26, 10538.46, 10246.19, 10760.07, 10692.72, 10750.72, 10775.27, 10709.65, 10844.64, 10784.49, 10619.45, 10575.97, 10549.33, 10669.58, 10793.34, 10604.41, 10668.97, 10915.69, 11064.46, 11296.36, 11384.18, 11555.36, 11425.90, 11429.51, 11495.35, 11322.12, 11358.10, 11483.36, 11742.04, 11916.33, 12823.69, 12965.89, 12931.54, 13108.06, 13031.17, 13075.25, 13654.22, 13271.29, 13437.88, 13546.52, 13781.00, 13737.11, 13550.49, 13950.30, 14133.71, 15579.85, 15565.88, 14833.75]
Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2020-11-08
**Financial & Commodity Data:**
- Gold Closing Price: $1950.30
- Crude Oil Closing Price: $37.14
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $288,046,873,409
- Hash Rate: 115164457.02317438
- Transaction Count: 243047.0
- Unique Addresses: 555482.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.82
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: For many people arrested, especially low-income citizens, bail funds are their best hope for freedom while they await trial. Now, some of those funds are accepting cryptocurrency donations.
Facilitated by crypto payment processorThe Giving Block, theBail Project, theChicago Community Bond Fundand theNashville Community Bail Fund, for example, accept cryptocurrency including bitcoin (BTC), ether (ETH) and even basic attention token (BAT). They’ve taken in thousands of dollars in crypto donations since the summer, according to The Giving Block, which could be a sign of larger adoption in the space of bail funds.
This summer saw a rise in civil action against police violence in the U.S., with thousands of protestors taking to the streets over the police killings of George Floyd and Breonna Taylor.
Related:4 Bitcoin Lightning Network Vulnerabilities That Haven’t Been Exploited (Yet)
Numerous protestors were arrested. Around this time, Alex Wilson, co-founder of The Giving Block, started hearing from bail funds that were interested in using The Giving Block to process cryptocurrency payments.
Read more:Baby Steps or Handcuffs? Crypto Pros Assess PayPal’s Bitcoin Play
According to the director of the Community Justice Exchange, Pilar Weiss, not many of theorganization’s member bail fundsaccept crypto. She said that is based on the grassroots nature of many crowdfunding actions for bail funds. While a handful of their member funds accept crypto, including the Richmond Bail Fund, if they do it’s usually because they have some back-end administrative capacity to accept.
Weiss said she could see that change, however, as fundraising platforms like PayPal, for example,move into accepting cryptocurrency donations.
Related:How Financial Advisors Should Think About Bitcoin with Morgen Rochard
“The traditional kind of nonprofit donor, which some nonprofits rely on, are on the older side, in their fifties and sixties, and often even retired,” said Wilson. “Sometimes [nonprofits] have a hard time connecting with younger donors. So they see this as one of those ways of doing that. It also helps them look a little bit more innovative when they’re starting to play with stuff like crypto and not just taking checks in the mail.”
When someone is arrested, a judge sets bail and the detainee must either pay that amount or stay in jail until the trial. But not everyone has access to ready cash and the system disproportionately impacts low-income citizens in both the short and long term.
According to research from the Bail Project, a single night in prison can have cascading effects such as the loss of a job, a home and even custody of children.
Waiting in jail prior to trial also impacts a detainee’s likelihood of going to prison, according to a regularly updatedreport on cash bailfrom the Brennan Center for Justice, a nonpartisan law and policy institute.
The report found that “those who are held pretrial are four times more likely to be sentenced to prison than defendants released prior to trial. Pretrial detainees are also likely to make hurried decisions to plead guilty to a lower charge to spend less time behind bars rather than changing a higher charge and longer sentence at trial.”
See also:Belarus News Media Are Testing Decentralized Tech to Resist Censorship
Bail funds are essentially large, crowdsourced funds that are then used to bail people out of jail as they await their trials. Organizations like the Bail Project, the Chicago Community Bond Fund and the Nashville Community Bail Fund are working to pay bail for those who can’t afford it in such situations.
Co-director of the Nashville Community Community Bail Fund Jessica Lamb says the fund was founded in 2016 to free low-income Nashvillians from jail, and work to end what the fund calls “wealth-based detention.”
“Our vision is a society where money does not determine any person’s access to freedom,” said Lamb in an email. “Since our inception, we have freed nearly 1,500 Nashvillians from jail. We also work with community partners to disrupt the criminal legal system and work toward money bail policy reform.”
Bail has a cascading effect on things from civil rights to elections. If people know they’re unlikely to be able to risk arrest because they can’t afford bail, they will be less inclined to take to the streets against injustice. That threat of arrest and staying in jail is a coercive measure that, in effect, curbs protestors’ right to free speech and assembly.
Bail also has downstream consequences for elections. Given that being unable to afford bail affects whether they will plead guilty as well as how long they’re held, it can curb people’s ability to vote. Besides being unable to vote, If someone is held in detention and pleads guilty to something on the level of a felony, that voting ability can be curtailed for years.
Wilson said there are a number of benefits for bail funds taking cryptocurrency donations.
One is it helps them offset economic loss, given the economic uncertainty of the times, by diversifying their revenue and donation streams. Another aspect he has noticed in his work is that cryptocurrencies tend to appeal to a younger demographic, and they’re likely to be completely new donors.
See also:Monero-for-Bail Project Sees Increased Demand During Protests
The important ability of international donors to contribute easily through crypto is specifically something Wilson was hearing from groups that were part of The Giving Block’sCrypto for Black Lives campaign, which was kicked off this summer to raise money for civil rights organizations, including bail funds. While that wasn’t the reason The Giving Block became interested in crypto, it’s become an important component.
The final reason is simple: taxes. When you realize a capital gain (price increase) on a cryptocurrency and trade or cash it out, that’s a taxable event. But bitcoin or other cryptocurrency donations to a nonprofit are treated like donations of stock. As such they are not considered taxable events, meaning you don’t pay those capital gains taxes when you donate and you can deduct them on your tax return.
Read more:‘Snake Oil and Overpriced Junk’: Why Blockchain Doesn’t Fix Online Voting
The Bail Project’s Chief Financial Officer Zach Herz-Roiphe said he’d encourage any nonprofit to cast as wide a net as possible for donors. Thus far, bitcoin specifically and crypto in general have historically made up an extremely small portion of total donations over the years, but as crypto becomes more mainstream he expects that to change.
“We expect that more people will embrace crypto as their preferred method of making donations – especially as people understand the tax benefits of giving via crypto, which are similar to those of donating conventional securities,” he said.
Practically, The Giving Block is serving as a payment processor and enabler for these organizations to expand how they take donations.
“We essentially try to make it as easy as possible for bail funds or other nonprofits to be able to accept crypto and not have to worry about, for example, the volatility of crypto,” said Wilson. “So all these nonprofits have an option to automatically convert the crypto to U.S. dollars.”
Wilson said that while his organization has seen a tailing off of interest from bail funds after the summer, there is still a greater level of interest than there has been. On a high level, according to Wilson, these projects have gotten thousands of dollars, but less than $25,000 each since June in crypto donations.
See also:Activists Document Police Misconduct Using Decentralized Protocol
Lamb said cryptocurrency donations are a small portion of the Nashville Community Bail Fund’s total donations.
“But it’s cool to see donations coming in a new way. One of the best parts about it for us has been learning more about the crypto community, especially the ways it has pitched in to support both the COVID-19 crisis and the movement for Black lives,” said Lamb.
These aren’t the only projects leveraging crypto in the service of supporting efforts for systemic change. Bail Bloc is a project that lets you minemonero(XMR) forbail funds. A few months ago, a group of activists put together aproject to document police violenceon the InterPlanetary File System (IPFS) and the Ethereum blockchain.
“I think the issue of addressing bail will continue to be popular with the crypto community,” said Wilson. “In general I think the cause of ending cash bail is one that really resonates. In the meantime, helping people afford bail is an alternative.”
• US Bail Funds Are Seeing an Uptick in Cryptocurrency Donations
• US Bail Funds Are Seeing an Uptick in Cryptocurrency Donations...
- Reddit Posts (Sample): [['u/ramagam', "I'm thinking about doing the unthinkable.....", 88, '2020-11-08 00:25', 'https://www.reddit.com/r/Bitcoin/comments/jq0ss4/im_thinking_about_doing_the_unthinkable/', 'So yeah, I am seriously considering talking a very serious $100k risk, so naturally, I figured I would consult a bunch of random strangers on the internet for advice......\n\nI am considering taking 100k out of my 401k and sticking it in btc.\n\nI know.....\n\nHere are my details: My wife and have about 400 total in our 401\'s. I am 57, and for the most part retired (I have "flipped" properties the last couple of years, but at this point I am pretty much income neutral).\n\nMy wife\'s situation is a bit odd: she was let go from Deloitte due to the covid situation, but she is still planning on working about 15 more years as she has a solid marketable career skillset as a financial risk expert (and is 7 yrs younger that me). She was making 230k last year as a senior manager, and should be able to get a position making at least 200k when she returns to the job market (which theoretically should add another 150k or so to our retirement fund)\n\nSo, back to my idea - The 100k would essentially be about 15ish% of our "liquid" cash (we have about 300+k in property equity, plus 25k in btc and maybe 20k in other investments).\n\nWe would of course be paying a 10% penalty, plus the 30% income tax on the 100k 401k withdrawal, so right off the bat that 100k has already dropped in value to 60k....\n\nWhat do you think - is it worth the risk?', 'https://www.reddit.com/r/Bitcoin/comments/jq0ss4/im_thinking_about_doing_the_unthinkable/', 'jq0ss4', [['u/[deleted]', 93, '2020-11-08 00:28', 'https://www.reddit.com/r/Bitcoin/comments/jq0ss4/im_thinking_about_doing_the_unthinkable/gbij17n/', 'Delete all your financial info. Buy GBTC in your 401k. Absolutely NO ONE on the planet can predict future price of bitcoin.\n\nAsk your "financial risk expert" wife if this is a dumb idea or not.', 'jq0ss4'], ['u/D00bage', 138, '2020-11-08 00:38', 'https://www.reddit.com/r/Bitcoin/comments/jq0ss4/im_thinking_about_doing_the_unthinkable/gbikstz/', 'A wise man once said “It’s a bold move Cotton, let’s see if it pays off.”', 'jq0ss4'], ['u/Amoci', 48, '2020-11-08 00:39', 'https://www.reddit.com/r/Bitcoin/comments/jq0ss4/im_thinking_about_doing_the_unthinkable/gbikujl/', 'It’s worth you doing it for our amusement', 'jq0ss4'], ['u/Weinerbrod_nice', 25, '2020-11-08 01:01', 'https://www.reddit.com/r/Bitcoin/comments/jq0ss4/im_thinking_about_doing_the_unthinkable/gbiou5w/', "Who are we tell what a 57 year old man is supposed to do with his and his wife's money? Only you can decide. If you do go through with it I hope you have a **thorough** understanding of Bitcoin and are looking at this with a long-term perspective.", 'jq0ss4'], ['u/ramagam', 19, '2020-11-08 01:11', 'https://www.reddit.com/r/Bitcoin/comments/jq0ss4/im_thinking_about_doing_the_unthinkable/gbiqlev/', "Yeah, it's weird. I mean, now that we are really considering doing it, like really talking about it it's pretty intense. \n\nWe aren't dumb people - we are both intelligent, well educated, and fairly successful; it's not like we just sat around last night drinking mojitos and randomly came up with this idea.\n\nIt's simply a risk vs. reward problem, with the solution based on math and experience.", 'jq0ss4'], ['u/atrueretard', 12, '2020-11-08 01:17', 'https://www.reddit.com/r/Bitcoin/comments/jq0ss4/im_thinking_about_doing_the_unthinkable/gbiribh/', '**scared money dont make money.** \n\n**do it!**', 'jq0ss4'], ['u/ramagam', 14, '2020-11-08 01:18', 'https://www.reddit.com/r/Bitcoin/comments/jq0ss4/im_thinking_about_doing_the_unthinkable/gbirnsh/', "*I'll keep you posted...*", 'jq0ss4'], ['u/ramagam', 18, '2020-11-08 01:22', 'https://www.reddit.com/r/Bitcoin/comments/jq0ss4/im_thinking_about_doing_the_unthinkable/gbisedz/', 'She\'s not a "financial risk expert" investment wise - she is a Bank Secrecy Act, Anti-Money Laundering expert (Compliance, legal, etc.).\n\nIn the financial world (her world), "risk" means risk as in legal stuff...', 'jq0ss4'], ['u/lou_men', 10, '2020-11-08 01:26', 'https://www.reddit.com/r/Bitcoin/comments/jq0ss4/im_thinking_about_doing_the_unthinkable/gbit6s2/', 'You might be able to withdraw without the 10% penalty if you were affected by Covid. Check into it.', 'jq0ss4'], ['u/100_Jose_Maria_001', 11, '2020-11-08 02:28', 'https://www.reddit.com/r/Bitcoin/comments/jq0ss4/im_thinking_about_doing_the_unthinkable/gbj45fr/', '401k and retirement plans are not something that young people these days can really trust. Speaking for myself, I have chosen to not partake in it at all. My partner works at a union, and they recently found out that their 401k, and the entire union\'s, was invested in the companies running the private detention centers at the border. The reason? It offered a high return. \n\n401ks made sense when you could save and get a decent interest rate. Now, it is no better than letting strangers gamble with your money, "investing" it in god knows where. \n\nOne of the biggest reasons they can\'t let this bubble deflate, and keep pumping all this money into the economy, is because they can\'t let retirement plans fail to grow at a pace higher than inflation. When this debt bubble collapses, I reckon most retirement plans will be wiped out as well. It might not happen in your lifetime, but who knows tbh. \n\nSo yes, I think it is worth the risk, even with the tax penalties. If you get in before this bull market really takes off, you have a good chance to recover the losses, and then some. \n\nBut the real question I have for you is this: Are you ready to see your holdings crash 80% overnight, or hold through a sustained 80+% loss for years? If not, then I would not buy BTC at all.', 'jq0ss4'], ['u/ramagam', 18, '2020-11-08 02:32', 'https://www.reddit.com/r/Bitcoin/comments/jq0ss4/im_thinking_about_doing_the_unthinkable/gbj4pyg/', "Lol, I know, right?\n\nLast night we got all giddy last night doing the math, because honestly, we are both pretty confident that BTC is hitting 100k in the next 5 years....\n\nI mean, let's face it - having 5 mil vs 800k is a HUGE difference in retirement...", 'jq0ss4'], ['u/termy991', 23, '2020-11-08 03:28', 'https://www.reddit.com/r/Bitcoin/comments/jq0ss4/im_thinking_about_doing_the_unthinkable/gbje240/', 'Go balls deep!', 'jq0ss4'], ['u/webslinger591', 21, '2020-11-08 03:47', 'https://www.reddit.com/r/Bitcoin/comments/jq0ss4/im_thinking_about_doing_the_unthinkable/gbjh9rx/', 'I don’t follow your calculation... 60k is equivalent to about 4 BTC now. So when each becomes worth 100k, you then have 400k worth not 5 mil.', 'jq0ss4'], ['u/patternagainst', 96, '2020-11-08 04:04', 'https://www.reddit.com/r/Bitcoin/comments/jq0ss4/im_thinking_about_doing_the_unthinkable/gbjk9ke/', 'Shhh...this is how we get to 25k.', 'jq0ss4'], ['u/vjfilms', 14, '2020-11-08 04:08', 'https://www.reddit.com/r/Bitcoin/comments/jq0ss4/im_thinking_about_doing_the_unthinkable/gbjl2n9/', '*"We aren\'t dumb people"*\n\nPosts finances on Reddit 🤦\u200d♂️', 'jq0ss4'], ['u/xtal_00', 15, '2020-11-08 04:59', 'https://www.reddit.com/r/Bitcoin/comments/jq0ss4/im_thinking_about_doing_the_unthinkable/gbjtz9q/', "The end game isn't $100k.\n\nBitcoin eats all the liquid capital in the world or it settles at some nominal value like $1k.\n\nThose who don't believe.. will sell too soon.", 'jq0ss4'], ['u/xtal_00', 20, '2020-11-08 05:01', 'https://www.reddit.com/r/Bitcoin/comments/jq0ss4/im_thinking_about_doing_the_unthinkable/gbjuaod/', "Bitcoin has a 50% downside risk and a 10x gain potential over 18 months.\n\nIf you remove emotion, you take that bet. If you're not going to get ruined, you go all in.", 'jq0ss4'], ['u/lacksfish', 10, '2020-11-08 06:51', 'https://www.reddit.com/r/Bitcoin/comments/jq0ss4/im_thinking_about_doing_the_unthinkable/gbkc5y2/', '>What leads you to believe that BTC will be worth $100k in 5 years?\n\nThe dwindling state of american dollar currency.', 'jq0ss4']]], ['u/LordCummer1991', 'Something is brewing up', 15, '2020-11-08 01:05', 'https://www.reddit.com/r/IOTAmarkets/comments/jq1hs5/something_is_brewing_up/', '2 weeks ago i was writting about the price equillibrium and things have more or less turned more on bearish side after it.. it slipped from the time of writting to around 23 cents even though my prediction was closer to 20 c.. but now things are slowly turning bullish. The whole alt market has started to wake up after a long and cold sleep. The market showed that it is ready to show the alts some love too. Even though btc was outperforming the alt market in general sense, there were some shiny examples of better performing alts out there.. So the price of iota is starting to show some life again. Its been a while. The bull market is becoming more and more apparent by each coming day. The last real resistance iota has before it starts to gain some momentum is 30 cents and the bulls are starting to pile up. I was there all the way back in 2016. And yea , in my opinion history is stsrting to repeat itself again.. and for iota it is a pretty bright future, especially tge 2021. But I suspect we could get some momentum starting even vefore of that. This could very well be last moments at this low prices.. Last real test is in our noses, sitting few cents away from this price, after that we are cery shortly off to 45 cents an then probably 1$. If coordicide and the other stuff kicks in time, we could reach ath maybe even as early as next year. The potential is big , the volume is still quite low. It doesnt eve take serious money to get the ball rolling at this point. Probably something of tge order of few mili $ from some whale woul md present a tremendous buying pressure thst would make the price start kicking.. for example the bosch or jaguar are companies that number their evslustion in billions so its pretty easy to imagine how little it takes, alth...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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15332.32, 15290.90, 15701.34, 16276.34, 16317.81, 16068.14, 15955.59, 16716.11, 17645.41, 17804.01
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['It’s was a particularly quiet start to the day on theeconomic calendarthis morning. There were no material stats to provide the markets with direction.\nThe lack of stats left the majors in the hands of U.S politics and the latest COVID-19 updates from the weekend. From the weekend, news of Biden winning the U.S Presidential Election ultimately supported riskier assets early on.\nTrade data from China from the weekend was also positive, with China reporting an 11.4% jump in exports. A more modest 4.7% rise in imports led to a widening of the U.S Dollar trade surplus from $37bn to $58.44bn.\nWhile imports were softer than a forecasted 9.5%, it wasn’t bad enough to suggest any marked deterioration in demand for Chinese goods. In September imports had surged by 13.2%.\nAt the time of writing, theJapanese Yenwas flat at ¥103.35 against the U.S Dollar. TheAussie Dollarwas up by 0.25% to $0.7276, withKiwi Dollarup by 0.35% to $0.6798.\nIt’s a relatively quiet day ahead on theeconomic calendar, with Germany’s trade data for September in focus.\nAs the Eurozone falls to a 2ndwave of the COVID-19 pandemic, however, the stats are unlikely to have a material impact.\nThe markets will be looking towards October and November data to ascertain the damage to the 4thquarter.\nAway from the economic calendar, expect any further updates on COVID-19 to remain a factor. Brexit and U.S Politics will also influence. Biden’s victory is considered EUR positive.\nOn the monetary policy front, ECB President Lagarde could move the dial and soften the EUR. The ECB President had talked of further easing next month. Any hints should pin back the EUR.\nAt the time of writing, theEURwas up by 0.11% to $1.1887.\nIt’s a quiet day ahead on theeconomic calendar, with no material stats to provide direction on the day.\nWhile there are no material stats to consider, BoE Governor Bailey is scheduled to speak later this morning. There may be few surprises, however, following last week’s policy decision.\nAway from the economic calendar, updates on Brexit and COVID-19 will remain key drivers. It’s last chance saloon for a Brexit deal this week. Chatter from the weekend suggests that a deal is imminent. With Biden looking to take the Presidency, some compromise from the UK may be likely in a bid to seal a trade agreement with the U.S in return.\nAt the time of writing, thePoundwas up by 0.21% to $1.3184.\nIt’s a quiet day ahead for the U.S Dollar. There are no material stats to provide direction. The focus will remain on Capitol Hill.\nVote recounts and court rulings will need monitoring, following Biden’s victory.\nAt the time of writing, the Dollar Spot Index was down by 0.04% to 92.195.\nIt’s a relatively quiet day on the economic data front. Housing start numbers are due out later today. The numbers should have a muted impact on the Loonie, however.\nExpect market risk sentiment to be the key driver as the markets respond to the Biden victory.\nAt the time of writing, theLooniewas up by 0.24% to C$1.3019 against the U.S Dollar.\nFor a look at all of today’s economic events, check out oureconomic calendar.\nThisarticlewas originally posted on FX Empire\n• The Week Ahead – U.S Politics, COVID-19, and Brexit Likely to Overshadow Data\n• ViacomCBS Q3 Earnings Beat Estimates; Forecasts 19 Million Streaming Subscribers by End-2020\n• Ball Corp Growth Outlook Remains Robust; Buy with Target Price of $110\n• Price of Gold Fundamental Weekly Forecast – More Accommodative Fed Key to Next Price Surge\n• Bitcoin and Ethereum – Weekly Technical Analysis – November 9th, 2020\n• A Light Economic Calendar Leaves Capitol Hill, COVID-19, and Brexit in Focus', 'Earlier in the Day: It’s was a particularly quiet start to the day on the economic calendar this morning. There were no material stats to provide the markets with direction. The lack of stats left the majors in the hands of U.S politics and the latest COVID-19 updates from the weekend. From the weekend, news of Biden winning the U.S Presidential Election ultimately supported riskier assets early on. Trade data from China from the weekend was also positive, with China reporting an 11.4% jump in exports. A more modest 4.7% rise in imports led to a widening of the U.S Dollar trade surplus from $37bn to $58.44bn. While imports were softer than a forecasted 9.5%, it wasn’t bad enough to suggest any marked deterioration in demand for Chinese goods. In September imports had surged by 13.2%. For the Majors At the time of writing, the Japanese Yen was flat at ¥103.35 against the U.S Dollar. The Aussie Dollar was up by 0.25% to $0.7276, with Kiwi Dollar up by 0.35% to $0.6798. The Day Ahead: For the EUR It’s a relatively quiet day ahead on the economic calendar , with Germany’s trade data for September in focus. As the Eurozone falls to a 2 nd wave of the COVID-19 pandemic, however, the stats are unlikely to have a material impact. The markets will be looking towards October and November data to ascertain the damage to the 4 th quarter. Away from the economic calendar, expect any further updates on COVID-19 to remain a factor. Brexit and U.S Politics will also influence. Biden’s victory is considered EUR positive. On the monetary policy front, ECB President Lagarde could move the dial and soften the EUR. The ECB President had talked of further easing next month. Any hints should pin back the EUR. At the time of writing, the EUR was up by 0.11% to $1.1887. For the Pound It’s a quiet day ahead on the economic calendar , with no material stats to provide direction on the day. While there are no material stats to consider, BoE Governor Bailey is scheduled to speak later this morning. There may be few surprises, however, following last week’s policy decision. Story continues Away from the economic calendar, updates on Brexit and COVID-19 will remain key drivers. It’s last chance saloon for a Brexit deal this week. Chatter from the weekend suggests that a deal is imminent. With Biden looking to take the Presidency, some compromise from the UK may be likely in a bid to seal a trade agreement with the U.S in return. At the time of writing, the Pound was up by 0.21% to $1.3184. Across the Pond It’s a quiet day ahead for the U.S Dollar. There are no material stats to provide direction. The focus will remain on Capitol Hill. Vote recounts and court rulings will need monitoring, following Biden’s victory. At the time of writing, the Dollar Spot Index was down by 0.04% to 92.195. For the Loonie It’s a relatively quiet day on the economic data front. Housing start numbers are due out later today. The numbers should have a muted impact on the Loonie, however. Expect market risk sentiment to be the key driver as the markets respond to the Biden victory. At the time of writing, the Loonie was up by 0.24% to C$1.3019 against the U.S Dollar. For a look at all of today’s economic events, check out our economic calendar . This article was originally posted on FX Empire More From FXEMPIRE: The Week Ahead – U.S Politics, COVID-19, and Brexit Likely to Overshadow Data ViacomCBS Q3 Earnings Beat Estimates; Forecasts 19 Million Streaming Subscribers by End-2020 Ball Corp Growth Outlook Remains Robust; Buy with Target Price of $110 Price of Gold Fundamental Weekly Forecast – More Accommodative Fed Key to Next Price Surge Bitcoin and Ethereum – Weekly Technical Analysis – November 9th, 2020 A Light Economic Calendar Leaves Capitol Hill, COVID-19, and Brexit in Focus', 'Bitcoin rallied by 12.69% in the week ending 8thNovember. Following on from a 5.52% gain from the week prior, Bitcoin ended the week at $15,500.0.\nIt was a bearish start to the week. Bitcoin fell to a Monday intraweek low $13,207.0 before making a move.\nSteering clear of the first major support level at $13,006, Bitcoin rallied to a Friday intraweek high $15,888.0.\nBitcoin broke through the first major resistance level at $14,280 and the second major resistance level at $14,805.\nFalling short of $16,000 levels, Bitcoin slid back to sub-$14,500 levels on Saturday before a bullish end to the week.\nA Sunday recovery saw Bitcoin break back through the second major resistance level to wrap up the week at $15,500 levels.\n5 days in the green that included a 10.03% rally on Friday and a 4.41% rally on Sunday delivered the upside for the week. A 4.67% slide on Saturday limited some up the upside for the week, however.\nBitcoin would need to avoid a fall through the $14,865 pivot to support a run the first major resistance level at $16,523.\nSupport from the broader market would be needed for Bitcoin to break out from last week’s $15,888.0 high.\nBarring an extended crypto rally, the first major resistance level would likely cap any upside.\nIn the event of another breakout, Bitcoin could test resistance at $17,000 before any pullback. The second major resistance level sits at $17,546.\nFailure to avoid a fall through the $14,865 pivot would bring the first major support level at $13,842 into play.\nBarring an extended sell-off, however, Bitcoin should steer clear of sub-$13,500 support levels. The second major support level sits at $12,184.\nAt the time of writing, Bitcoin was up by 0.11% to $15,517.0. A mixed start to the week saw Bitcoin fall to an early Monday morning low $15,424.0 before striking a high $15,608.0.\nBitcoin left the major support and resistance levels untested at the start of the week.\nEthereum surged by 14.54% in the week ending 8thNovember. Reversing a 2.32% fall from the previous week, Ethereum ended the week at $454.61.\nIt was a bearish start to the week. Ethereum fell to a Tuesday intraweek low $370.50 before making a move.\nThe pullback saw Ethereum fall through the first major support level at $376.00.\nSteering clear of the 38.2% FIB of $367, Ethereum rallied to a Saturday intraweek high $468.98.\nEthereum broke through the first major resistance level at $415 and the second major resistance level at $432.\nFalling short of the third major resistance l
**Last 60 Days of Bitcoin's Closing Prices:**
[10363.14, 10400.92, 10442.17, 10323.76, 10680.84, 10796.95, 10974.91, 10948.99, 10944.59, 11094.35, 10938.27, 10462.26, 10538.46, 10246.19, 10760.07, 10692.72, 10750.72, 10775.27, 10709.65, 10844.64, 10784.49, 10619.45, 10575.97, 10549.33, 10669.58, 10793.34, 10604.41, 10668.97, 10915.69, 11064.46, 11296.36, 11384.18, 11555.36, 11425.90, 11429.51, 11495.35, 11322.12, 11358.10, 11483.36, 11742.04, 11916.33, 12823.69, 12965.89, 12931.54, 13108.06, 13031.17, 13075.25, 13654.22, 13271.29, 13437.88, 13546.52, 13781.00, 13737.11, 13550.49, 13950.30, 14133.71, 15579.85, 15565.88, 14833.75, 15479.57]
Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2020-11-09
**Financial & Commodity Data:**
- Gold Closing Price: $1853.20
- Crude Oil Closing Price: $40.29
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $285,338,689,641
- Hash Rate: 154387134.41512507
- Transaction Count: 326383.0
- Unique Addresses: 713629.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.90
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Bitcoinhas proven itself to be a risk asset, not a safe haven, with “considerable” potential upside, according to a Friday note from JPMorgan’s Global Quantitative and Derivatives Strategy team obtained by CoinDesk.
Writing to clients in “Flows & Liquidity,” one of JPMorgan’s flagship publications, the authors said that characterizing bitcoin as a “risk” asset rather than a “safe” asset is “more appropriate” based on the leading cryptocurrency’s increased positive correlation with the Standard & Poor’s 500 Index since March.
Bitcoin’s function as a risk asset is “likely more of a reflection of a need for an ‘alternative’ currency rather than a need for a ‘safe’ asset or ‘hedge’.”
Related:First Mover: Bitcoin Steady Over $13K as JPMorgan Has Eureka! Moment
“To some extent, this is also true with gold,” the authors add, although the yellow metal’s volatility is notably lower than bitcoin’s.
How investors currently perceive bitcoin’s value implies that it could “compete more intensely” with gold as an “alternative” currency over the coming years, the analysts wrote. Bitcoin’s role as a gold competitor is amplified by millennial investors’ interest in cryptocurrency, according to the note, and the inevitability of the younger investor demographic becoming “over time a more important component” of the investor universe.
Read more:What Bitcoin Can Learn From Gold About Staying ‘Clean’
Bitcoin’s market capitalization would have to increase by a factor of 10 before it could match the total private sector investment in gold, the author’s note, adding that “even a modest crowding out of gold as an alternative currency over the longer term would imply doubling or tripling of the bitcoin price from here.”
Related:Number of Bitcoin 'Whale' Addresses at Highest Since Autumn 2016
“In other words, the potential long-term upside for bitcoin is considerable.”
Beyond millennial investor interest, the note highlights the significance of corporate and legacy investor interest giving credibility to bitcoin as an investment vehicle. Specifically, PayPal’s Wednesdayannouncementof support for bitcoin and alternative cryptocurrencies (altcoins) is “another big step toward corporate support for bitcoin,” according to the note.
The authors also identify “strong growth” in institutional investor interest in bitcoin indicated by activity in CME futures and options markets. As of Thursday, for example, CME bitcoin futures markets quietlybecame the second-largest measured by open interest, overtaking BitMEX and Binance, two dominant crypto-only trading platforms.
Read more:Bitcoin’s Correlation With Gold Hits Record High
Utility as a store of value isn’t the only catalyst for potential upside, however. According to the authors, the price of bitcoin and altcoins could appreciate significantly if adopted as means of payment. “The more economic agents accept cryptocurrency as a means of payment in the future, the higher their utility and value,” the note says.
Ultimately, even though bitcoin “looks currently overbought for the near term,” the authors reiterate that the potential long-term upside for bitcoin is “considerable.”
• Bitcoin’s Rivalry With Gold Plus Millennial Interest Gives It ‘Considerable’ Upside Potential: JPMorgan
• Bitcoin’s Rivalry With Gold Plus Millennial Interest Gives It ‘Considerable’ Upside Potential: JPMorgan...
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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15290.90, 15701.34, 16276.34, 16317.81, 16068.14, 15955.59, 16716.11, 17645.41, 17804.01, 17817.09
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Bitcoin, BTC to USD, fell by 1.07% on Monday. Partially reversing a 4.38% rally from Sunday, Bitcoin ended the day at $15,334.5. It was a mixed start to the day. Bitcoin fell to a late morning low $15,182 before making a move. Steering clear of the first major support level at $14,953, Bitcoin rallied to a late morning intraday high $15,844.0. Coming up against the first major resistance level at $15,848, Bitcoin slid to a late afternoon intraday low $14,841.0. Bitcoin fell through the first major support level at $14,953 before a partial recovery to $15,300 levels. The near-term bullish trend remained intact, supported by the latest move through to $15,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $6,400 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was a mixed day on Monday. Polkadot bucked the trend at the start of the week, with a 0.44% gain. It was a bearish day for the rest of the majors. Bitcoin Cash SV and Crypto.com Coin slid by 5.03% and by 4.50% to lead the way down. Bitcoin Cash ABC (-3.38%), Ethereum (-2.16%), and Litecoin (-2.85%) also struggled. Binance Coin (-1.26%), Cardano’s ADA (-0.87%), Chainlink (-1.69%), and Ripple’s XRP (-1.23%) saw relatively modest losses on the day. For the week, the crypto total market cap rose to a Monday high $449.53bn before falling to a Monday low $423.81bn. At the time of writing, the total market cap stood at $443.58bn. Bitcoin’s dominance rose to a Monday high 65.22% before falling to a low 64.70%. At the time of writing, Bitcoin’s dominance stood at 64.87%. This Morning At the time of writing, Bitcoin was down by 0.26% to $15,294.7. A mixed start to the day saw Bitcoin rise to an early morning high $15,350.0 before falling to a low $15,181.0. Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was a mixed start to the day. Cardano’s ADA (+0.15%), Chainlink (+1.00%), Crypto.com Coin (+1.29%), Ethereum (+0.46%), and Litecoin (+0.19%) found early support. Story continues It was a bearish start for the rest of the majors, however. At the time of writing, Binance Coin was down by 0.38% to lead the way down. For the Bitcoin Day Ahead Bitcoin would need to move back through the pivot level at $15,340 to bring the first major resistance level at $15,839 into play. Support from the broader market would be needed for Bitcoin to break back through to $15,800 levels. Barring an extended crypto rally, the first major resistance level would likely cap any upside. In the event of a crypto breakout, Bitcoin could test resistance at $16,000 before any pullback. The second major resistance level sits at $16,343. Failure to move back through the $15,340 pivot would bring the first major support level at $14,836 into play. Barring an extended crypto sell-off, Bitcoin should steer well clear of sub-$14,500 levels. The second major support level sits at $14,337. This article was originally posted on FX Empire More From FXEMPIRE: U.S. Dollar Index (DX) Futures Technical Analysis – Momentum Shift Targets 93.275 Retracement Level Crude Oil Price Forecast – Crude Oil Markets Rally Significantly COVID-19 – Pfizer Leads the Race to a COVID-19 Vaccine Gold Price Prediction – Prices Tumble as Yields Soar Following Vaccine Announcment Oil Price Fundamental Daily Forecast – Vaccine News Fuels Massive Short-Covering Rally US Stocks Surge on Promising Vaccine News, but Give Back Most Gains On Election ‘Irregularities’ Concerns', 'Bitcoin, BTC to USD, fell by 1.07% on Monday. Partially reversing a 4.38% rally from Sunday, Bitcoin ended the day at $15,334.5. It was a mixed start to the day. Bitcoin fell to a late morning low $15,182 before making a move. Steering clear of the first major support level at $14,953, Bitcoin rallied to a late morning intraday high $15,844.0. Coming up against the first major resistance level at $15,848, Bitcoin slid to a late afternoon intraday low $14,841.0. Bitcoin fell through the first major support level at $14,953 before a partial recovery to $15,300 levels. The near-term bullish trend remained intact, supported by the latest move through to $15,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $6,400 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was a mixed day on Monday. Polkadot bucked the trend at the start of the week, with a 0.44% gain. It was a bearish day for the rest of the majors. Bitcoin Cash SV and Crypto.com Coin slid by 5.03% and by 4.50% to lead the way down. Bitcoin Cash ABC (-3.38%), Ethereum (-2.16%), and Litecoin (-2.85%) also struggled. Binance Coin (-1.26%), Cardano’s ADA (-0.87%), Chainlink (-1.69%), and Ripple’s XRP (-1.23%) saw relatively modest losses on the day. For the week, the crypto total market cap rose to a Monday high $449.53bn before falling to a Monday low $423.81bn. At the time of writing, the total market cap stood at $443.58bn. Bitcoin’s dominance rose to a Monday high 65.22% before falling to a low 64.70%. At the time of writing, Bitcoin’s dominance stood at 64.87%. This Morning At the time of writing, Bitcoin was down by 0.26% to $15,294.7. A mixed start to the day saw Bitcoin rise to an early morning high $15,350.0 before falling to a low $15,181.0. Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was a mixed start to the day. Cardano’s ADA (+0.15%), Chainlink (+1.00%), Crypto.com Coin (+1.29%), Ethereum (+0.46%), and Litecoin (+0.19%) found early support. Story continues It was a bearish start for the rest of the majors, however. At the time of writing, Binance Coin was down by 0.38% to lead the way down. For the Bitcoin Day Ahead Bitcoin would need to move back through the pivot level at $15,340 to bring the first major resistance level at $15,839 into play. Support from the broader market would be needed for Bitcoin to break back through to $15,800 levels. Barring an extended crypto rally, the first major resistance level would likely cap any upside. In the event of a crypto breakout, Bitcoin could test resistance at $16,000 before any pullback. The second major resistance level sits at $16,343. Failure to move back through the $15,340 pivot would bring the first major support level at $14,836 into play. Barring an extended crypto sell-off, Bitcoin should steer well clear of sub-$14,500 levels. The second major support level sits at $14,337. This article was originally posted on FX Empire More From FXEMPIRE: U.S. Dollar Index (DX) Futures Technical Analysis – Momentum Shift Targets 93.275 Retracement Level Crude Oil Price Forecast – Crude Oil Markets Rally Significantly COVID-19 – Pfizer Leads the Race to a COVID-19 Vaccine Gold Price Prediction – Prices Tumble as Yields Soar Following Vaccine Announcment Oil Price Fundamental Daily Forecast – Vaccine News Fuels Massive Short-Covering Rally US Stocks Surge on Promising Vaccine News, but Give Back Most Gains On Election ‘Irregularities’ Concerns', 'Publicly traded bitcoin mining company Riot Blockchain reported earnings for the September period Monday, noting a significant increase in revenue and hash power from a year ago, with plans for continued expansion. Reporting over $2.4 million in mining revenue, the Castle Rock, Colo.-based mining firm increased revenue by 42% from the same period in 2019. The company’s mining revenue clearly benefited from a 15% increase in the price of bitcoin during the Q3 in addition to its increased hash power. Riot filings show it mined 222 BTC in Q3 2020, up 41% from the same period last year, but slightly lower than the 227 BTC mined in Q2 2020 . In 2019, Riot switched to mining bitcoin exclusively, CEO Jeff McGonegal told CoinDesk. Previously, the company also mined litecoin and bitcoin cash . Riot reported a current mining capacity of 556 peta hash per second (PH/s), meeting its goal set in its Q2 earnings release , which represents a 450% increase from its Q3 2019 hash power of 101 PH/s. Riot plans to continue aggressively expanding its mining operations, per its earnings report, through four purchase agreements with mining manufacturer Bitmain for a total of 16,600 S19-Pro machines. The firm expects incremental delivery and deployment of its new machines through the end of Q2 2021. Concurrent with an increase in mined bitcoin and the leading cryptocurrency’s 114% year-to-date rally, Riot’s cryptocurrency corporate liquidity grew from $7.2 million in Q2 to $9 million in Q3. Its cash reserves ballooned from $9.1 million to $30.1 million over the same period. Riot shareholders enjoyed the lowest quarterly loss per share since the company first fully deployed its cryptocurrency mining hardware in Q2 2018. The loss per share dropped to $0.04 in Q3, a 50% improvement from a loss per share of $0.08during the same period last year. Riot shares were trading hands at $3.50 at Monday’s close, up 32% from the start of Q4. They’ve risen more than 200% year to date. Story continues Update (November 9, 4:27 UTC): This article has been updated to reflect 222 bitcoins mined in the Q3, not 224 as was previously reported. Related Stories Riot Blockchain Mined 222 Bitcoins in Q3 Riot Blockchain Mined 222 Bitcoins in Q3 Riot Blockchain Mined 222 Bitcoins in Q3 Riot Blockchain Mined 222 Bitcoins in Q3', 'Publicly traded bitcoin mining company Riot Blockchain reported earnings for the September period Monday, noting a significant increase in revenue and hash power from a year ago, with plans for continued expansion. Reporting over $2.4 million in mining revenue, the Castle Rock, Colo.-based mining firm increased revenue by 42% from the same period in 2019. The company’s mining revenue clearly benefited from a 15% increase in the price of bitcoin during the Q3 in addition to its increased hash power. Riot filings show it mined 222 BTC in Q3 2020, up 41% from the same period last year, but slightly lower than the 227 BTC mined in Q2 20
**Last 60 Days of Bitcoin's Closing Prices:**
[10400.92, 10442.17, 10323.76, 10680.84, 10796.95, 10974.91, 10948.99, 10944.59, 11094.35, 10938.27, 10462.26, 10538.46, 10246.19, 10760.07, 10692.72, 10750.72, 10775.27, 10709.65, 10844.64, 10784.49, 10619.45, 10575.97, 10549.33, 10669.58, 10793.34, 10604.41, 10668.97, 10915.69, 11064.46, 11296.36, 11384.18, 11555.36, 11425.90, 11429.51, 11495.35, 11322.12, 11358.10, 11483.36, 11742.04, 11916.33, 12823.69, 12965.89, 12931.54, 13108.06, 13031.17, 13075.25, 13654.22, 13271.29, 13437.88, 13546.52, 13781.00, 13737.11, 13550.49, 13950.30, 14133.71, 15579.85, 15565.88, 14833.75, 15479.57, 15332.32]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2020-11-10
**Financial & Commodity Data:**
- Gold Closing Price: $1875.40
- Crude Oil Closing Price: $41.36
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $285,338,689,641
- Hash Rate: 122675182.48120748
- Transaction Count: 303270.0
- Unique Addresses: 684892.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.90
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: The big news Wednesday in the world of finance wasPayPal HoldingsPYPL entering the digital currency conversation with their launch of a new service enabling its customers to buy, hold and sell cryptocurrency directly from their PayPal account.From the company press release..."The migration toward digital payments and digital representations of value continues to accelerate, driven by the COVID-19 pandemic and the increased interest in digital currencies from central banks and consumers."Last week, I reviewed the impact thatSquareSQ was having on Bitcoin, with its renewed commitment and recent $50 million investment, in this video and article...Why Square is Jamie Dimon's Favorite MistakeThat move by Jack Dorsey & Co. put a little more kick in Bitcoin's step as it was already testing and bouncing off of the $10,000 breakout level from July.And the move by PayPal kicked in the Falcon booster rockets on the Starship Bitcoin as it soared above the August high-close of $12,300 and flirted with levels near $13,000 not seen since the summer of 2019, up over $1,000 or 8%+.Why PayPal Matters Even Without an Investment StakeAs far as I can tell, PayPal did not disclose an investment stake similar to Square's announcement. But the company saying that it "signaled its plans to significantly increase cryptocurrency's utility by making it available as a funding source for purchases at its 26 million merchants worldwide," was enough to light the bonfire.This is significant because of PayPal's broad global reach with $222 billion in payments volume processing in the second quarter among 346 million active accounts.And according to Reuters, "PayPal hopes the service will encourage global use of virtual coins and prepare its network for new digital currencies that may be developed by central banks and corporations, President and Chief Executive Dan Schulman said in an interview."“We are working with central banks and thinking of all forms of digital currencies and how PayPal can play a role,” he said.I thought this statement was pretty significant by itself. PayPal is talking to not just one central bank, but probably a dozen or more as they envision the digital payments and store-of-value future.The digital wallet pioneer even acknowledged how deeply they've been thinking about the global ramifications, with this line in the press release..."According to a survey by the Bank for International Settlements, one in 10 central banks – representing approximately one-fifth of the world's population – expect to issue their own digital currencies within the next three years."Even the Fed Wants a Digital Dollar?On August 13, Forbes crypto and blockchain contributor Jason Brett described that day's presentation by Federal Reserve Governor Lael Brainard which "provided a broad description of the Fed’s ongoing research and plans in the potential development of a U.S. central bank digital currency (CBDC), also described in the U.S. as a Digital Dollar."According to Brett, Brainard has for years led the discussion at the Fed on distributed ledger technology and digital currencies and she noted "the Fed is active in conducting research and experimentation in these areas."This is why the move by PayPal could blow the lid off of Bitcoin and send it to new highs above $20,000 in the next year.The way I see it,PayPal will force all central banks and financial institutions to move faster.Look at it this way: the most important central bank in the world, the US Federal Reserve, has been showing some of its hand with interest in digital currencies -- since at least August -- and that probably encouraged some buying interest in Bitcoin.But the move by PayPal ignited an 8% frenzy that puts Bitcoin easily on a trajectory to challenge the June 2019 highs above $13,800 and then probably move higher from there, where many chartists would see no sleep till $16,000.As Mike Novogratz, founder and CEO of Galaxy Digital Holdings, was fond of saying in 2017, "the herd is coming."Is Gold Still an Asset Class?I have long been bearish on gold as a truly barbarous and irrelevant relic in the era of digital QE. Of course, I didn't see the Fed remaining dovish for possibly another five years when I wrote Why Gold is Headed to Zero -- And What You Should Buy Instead.But I'm okay being wrong about that as long as I'm right about the equities -- Tech likeNVIDIANVDA and Biotech like CRISPR Therapeutics -- being worth more than theSPDR Gold Shares ETFGLD in the long run.And I'm fascinated by the analysis and conviction of the crypto bulls like Novogratz and Dave Bartosiak, who runs the Blockchain Innovators portfolio. I asked Dave what he thought about today's blast-off and here's what he said..."The PayPal news is yet another step forward for the legitimization of cryptocurrency as an asset class. It starts with, dare I say, gimmicky functionality like the basic ability to buy, sell and send crypto. Soon it will evolve into major financial institutions changing the mechanics of how their businesses work in order to cut costs through the adoption of blockchain tech and crypto."Dave has been working hard the past 3 years to find public companies that would benefit the most from this revolution, from the crypto mining hardware likeAdvanced Micro DevicesAMD to the payment players old and new including Square, PayPal, and Mastercard.And here's what Novogratz, whose Galaxy funds may hold over 16,000 BTC worth over $200 million, had to say on Twitter yesterday morning..."This PayPal news is the biggest news of the year in crypto. All banks will now be on a race to service crypto. We have crossed the rubicon people. Exciting day."What the Flip is the Flippening?In the video that accompanies this article, I once again take a look at the major holders of Bitcoin, including Galaxy Digital, MicroStrategy, and theGrayscale Bitcoin TrustGBTC. I also consider the idea that some day, maybe not too distantly,digital gold will exceed the value of physical gold.Some crypto authorities have coined that event as the "flippening." But with the market capitalization of the barbarous relic currently over $11 trillion, according to the World Gold Council, Bitcoin and other cryptos at less than $300 billion have a ways to go.In August, Anthony Pompliano stated on Twitter that he believes by the end of this decade, the market capitalization of Bitcoin will be higher than that of gold.According to a 8/15/20 article on CoinTelegraph.com, the Morgan Creek Digital co-founder’s tweet provoked a reply from Peter Schiff:“By 2029 you'll be lucky if the market cap of #Bitcoin still exceeds the market cap of a baseball cap.”This only led to Pompliano doubling down on his prediction. He responded to Schiff...“Think approximately a decade is rather conservative, so trying to account for many things that could possibly happen to slow growth.”I think it's inevitable too. And the great thing about this prediction is that even if it doesn't come true this decade, it's still easy to identify the larger trends in payments and the primacy of digital gold's best virtues: privacy, liberty, security, transparency, autonomy, speed and flexibility.For these values, BTC has already beaten GLD.Disclosure: I own NVDA, SQ, and AMD shares.
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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free reportNVIDIA Corporation (NVDA) : Free Stock Analysis ReportAdvanced Micro Devices, Inc. (AMD) : Free Stock Analysis ReportSPDR Gold Shares (GLD): ETF Research ReportsPayPal Holdings, Inc. (PYPL) : Free Stock Analysis ReportSquare, Inc. (SQ) : Free Stock Analysis ReportGrayscale Bitcoin Trust (GBTC): ETF Research ReportsTo read this article on Zacks.com click here.Zacks Investment Research...
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
15701.34, 16276.34, 16317.81, 16068.14, 15955.59, 16716.11, 17645.41, 17804.01, 17817.09, 18621.31
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
["Representatives of Nasdaq Inc (NASDAQ: NDAQ ) and other major exchanges will meet with the Texas Governor Greg Abbott on Nov. 20 in Austin as they consider relocation of their trading platforms from New Jersey to Dallas, NBC 5 Dallas-Fort Worth reported Tuesday. What Happened: The meeting was reportedly\xa0spurred by a proposed “financial transaction” tax amounting to a quarter of a cent that New Jersey — the current host of the exchanges'\xa0data centers — wants to levy on the 10,000 or so transactions made through electronic infrastructure. The tax is estimated to\xa0generate $10 billion in revenue for the Garden State. The financial institutions will meet with Abbott under a grouping called “Coalition To Prevent The Taxing Of Retirement Savings.” A spokesperson for Abbott told NBC 5 DFW that the governor\xa0“looks forward to meeting with Nasdaq and showcasing Texas' business-friendly environment, skilled workforce, robust infrastructure, and low taxes, all of which foster greater economic growth in the Lone Star State.” Why It Matters: The coalition comprises financial heavyweights like Nasdaq, CBOE Global Markets Inc. (BATS: CBOE ), Citadel Securities, Equinix, Inc (NASDAQ: EQIX ), UBS Group AG (NYSE: UBS ), TD Ameritrade,\xa0and the owner of New York Stock Exchange — Intercontinental Exchange, Inc (NYSE: ICE ). A move to Texas would reportedly lessen Wall Street’s dependence on the East Coast and be a boost for the booming data center industry in North Texas which has attracted the likes of Facebook Inc (NASDAQ: FB ) to the Dallas-Fort Worth area due to renewable energy resources. Other states that have expressed interest in hosting the exchanges' data centers include Virginia, North Carolina, and Illinois, which have all held talks with Nasdaq, according to NBC 5 DFW. Price Action: Nasdaq Inc shares closed nearly 2% lower at $127.13 on Monday. Story continues See more from Benzinga Click here for options trades from Benzinga Amazon Recalls 350,000 Ring Doorbells After Some Catch Fire Pfizer's COVID-19 Vaccine News Throws Bitcoin Rally Off Course © 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.", "Representatives ofNasdaq Inc(NASDAQ:NDAQ) and other major exchanges will meet with the Texas Governor Greg Abbott on Nov. 20 in Austin as they consider relocation of their trading platforms from New Jersey to Dallas, NBC 5 Dallas-Fort WorthreportedTuesday.\nWhat Happened:The meeting was reportedly\xa0spurred by a proposed “financial transaction” tax amounting to a quarter of a cent that New Jersey — the current host of the exchanges'\xa0data centers — wants to levy on the 10,000 or so transactions made through electronic infrastructure.\nThe tax is estimated to\xa0generate $10 billion in revenue for the Garden State.\nThe financial institutions will meet with Abbott under a grouping called “Coalition To Prevent The Taxing Of Retirement Savings.”\nA spokesperson for Abbott told NBC 5 DFW that the governor\xa0“looks forward to meeting with Nasdaq and showcasing Texas' business-friendly environment, skilled workforce, robust infrastructure, and low taxes, all of which foster greater economic growth in the Lone Star State.”\nWhy It Matters:The coalition comprises financial heavyweights like Nasdaq,CBOE Global Markets Inc.(BATS:CBOE), Citadel Securities,Equinix, Inc(NASDAQ:EQIX),UBS Group AG(NYSE:UBS), TD Ameritrade,\xa0and the owner of New York Stock Exchange —Intercontinental Exchange, Inc(NYSE:ICE).\nA move to Texas would reportedly lessen Wall Street’s dependence on the East Coast and be a boost for the booming data center industry in North Texas which has attracted the likes ofFacebook Inc(NASDAQ:FB) to the Dallas-Fort Worth area due to renewable energy resources.\nOther states that have expressed interest in hosting the exchanges' data centers include Virginia, North Carolina, and Illinois, which have all held talks with Nasdaq, according to NBC 5 DFW.\nPrice Action:Nasdaq Inc shares closed nearly 2% lower at $127.13 on Monday.\nSee more from Benzinga\n• Click here for options trades from Benzinga\n• Amazon Recalls 350,000 Ring Doorbells After Some Catch Fire\n• Pfizer's COVID-19 Vaccine News Throws Bitcoin Rally Off Course\n© 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.", 'Bitcoin held on to its gains above the $15,000 psychological mark, up 0.6% at press time early Wednesday, as a former public official who is considered to be cryptocurrency-savvy was appointed to lead the financial policy transition team for President-elect Joe Biden. What Happened: Former Chairman of the Commodity Futures Trading Commission Gary Gensler has been appointed to lead the financial policy transition team for President-elect Joe Biden, CoinDesk reported Tuesday. Gensler has studied cryptocurrency closely and earlier testified before the Congress \x97 advocating against comparisons between cryptocurrencies and Ponzi schemes. Meanwhile, the deposit contract for Ethereum 2.0 has reached over 50,000 ETH or 10% of the required needed to usher in the new update, according to CoinDesk. The Vitalik Buterin-created cryptocurrency is making a move away from proof-of-work to a model that supports proof-of-stake. In order to become a validator on the new network, an Ethereum user must stake a minimum of 32 ETH. Once the new network goes live the validators will start earning block rewards to the tune of 8-15% annually, CoinDesk reported. Ethereum (ETH) traded 3.73% higher at $460.68 at press time, Chainlink (LINK) traded 3.55% higher at $13.13 and XRP traded 1.62% higher at $0.255. Bitcoin Cash (BCH) and Monero (XMR) were\xa0outliers to the upward movements of the altcoins declining 2.18% and 0.93%\xa0to $257.45 and $115.83, respectively. Why It Matters: Analysts pointed to institutional interest in the cryptocurrency space and the bullish movement of these assets overall, CoinDesk reported separately. Bitcoin has returned 114.94% returns and Ethereum has shot up 254.26% on a year-to-date basis. \x93Various institutions are committing to new products and R&D and giving a new set of investors more comfort that the space is maturing,\x94\xa0Brian Mosoff, CEO of Ether Capital, told CoinDesk. \x93BTC is digesting the recent confusing macro and political events and consolidating before its next move,\x94 said Jean-Marc Bonnefous, managing partner at Tellurian Capital, as per CoinDesk. Story continues Bonnefous noted the rotation from BTC to decentralized finance (DeFi), which he said was in \x93full swing now\x94 and was \x93typical of traders redeploying capital to higher yielding assets.\x94 Price Action: Bitcoin traded 0.59% higher at $15,389.19 at press-time. See more from Benzinga Click here for options trades from Benzinga Lyft Is Going All-In On Delivery Business To Take On Uber Eats Nasdaq, Other Exchanges To Meet Texas Governor Next Week To Explore Relocation Out Of New Jersey © 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.', 'Bitcoin held on to its gains above the $15,000 psychological mark, up 0.6% at press time early Wednesday, as a former public official who is considered to be cryptocurrency-savvy was appointed to lead the financial policy transition team for President-elect Joe Biden.\nWhat Happened:Former Chairman of the Commodity Futures Trading Commission Gary Gensler has been appointed to lead the financial policy transition team for President-elect Joe Biden, CoinDeskreportedTuesday.Gensler has studied cryptocurrency closely and earlier testified before the Congress — advocating against comparisons between cryptocurrencies and Ponzi schemes.\nMeanwhile, the deposit contract for Ethereum 2.0 has reached over 50,000 ETH or 10% of the required needed to usher in the new update,accordingto CoinDesk.\nThe Vitalik Buterin-created cryptocurrency is making a move away from proof-of-work to a model that supports proof-of-stake.\nIn order to become a validator on the new network, an Ethereum user must stake a minimum of 32 ETH. Once the new network goes live the validators will start earning block rewards to the tune of 8-15% annually, CoinDesk reported.\nEthereum (ETH) traded 3.73% higher at $460.68 at press time, Chainlink (LINK) traded 3.55% higher at $13.13 and XRP traded 1.62% higher at $0.255.\nBitcoin Cash (BCH) and Monero (XMR) were\xa0outliers to the upward movements of the altcoins declining 2.18% and 0.93%\xa0to $257.45 and $115.83, respectively.\nWhy It Matters:Analysts pointed to institutional interest in the cryptocurrency space and the bullish movement of these assets overall, CoinDeskreportedseparately.\nBitcoin has returned 114.94% returns and Ethereum has shot up 254.26% on a year-to-date basis.\n“Various institutions are committing to new products and R&D and giving a new set of investors more comfort that the space is maturing,”\xa0Brian Mosoff, CEO of Ether Capital, told CoinDesk.\n“BTC is digesting the recent confusing macro and political events and consolidating before its next move,” said Jean-Marc Bonnefous, managing partner at Tellurian Capital, as per CoinDesk.\nBonnefous noted the rotation from BTC to decentralized finance (DeFi), which he said was in “full swing now” and was “typical of traders redeploying capital to higher yielding assets.”\nPrice Action:Bitcoin traded 0.59% higher at $15,389.19 at press-time.\nSee more from Benzinga\n• Click here for options trades from Benzinga\n• Lyft Is Going All-In On Delivery Business To Take On Uber Eats\n• Nasdaq, Other Exchanges To Meet Texas Governor Next Week To Explore Relocation Out Of New Jersey\n© 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.', 'Bitcoin held on to its gains above the $15,000 psychological mark, up 0.6% at press time early Wednesday, as a former public official who is considered to be cryptocurrency-savvy was appointed to lead the financial policy transition team for President-elect Joe
**Last 60 Days of Bitcoin's Closing Prices:**
[10442.17, 10323.76, 10680.84, 10796.95, 10974.91, 10948.99, 10944.59, 11094.35, 10938.27, 10462.26, 10538.46, 10246.19, 10760.07, 10692.72, 10750.72, 10775.27, 10709.65, 10844.64, 10784.49, 10619.45, 10575.97, 10549.33, 10669.58, 10793.34, 10604.41, 10668.97, 10915.69, 11064.46, 11296.36, 11384.18, 11555.36, 11425.90, 11429.51, 11495.35, 11322.12, 11358.10, 11483.36, 11742.04, 11916.33, 12823.69, 12965.89, 12931.54, 13108.06, 13031.17, 13075.25, 13654.22, 13271.29, 13437.88, 13546.52, 13781.00, 13737.11, 13550.49, 13950.30, 14133.71, 15579.85, 15565.88, 14833.75, 15479.57, 15332.32, 15290.90]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2020-11-11
**Financial & Commodity Data:**
- Gold Closing Price: $1860.70
- Crude Oil Closing Price: $41.45
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $285,338,689,641
- Hash Rate: 122675182.48120748
- Transaction Count: 322277.0
- Unique Addresses: 713744.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.86
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: MakerDAO will not compensate victims of March 12’s “Black Thursday” flash crash that left some of the decentralized finance (DeFi) platform’s investors out $8.33 million, according to a vote that closed Tuesday. The Maker community had initially voted in early April to refund sunken investors. Nearly six months later and the community – represented by current holders of Maker’s MKR governance tokens – concluded a final vote to give zero compensation for lost funds. Some 65% of votes opted for zero compensation, with the next two options for partial compensation receiving 18% and 15%, respectively. The vote itself was dominated by large MKR holders. Only 38 unique votes were cast, equivalent to 8.74% of MKR token holders, with the low turnout reflecting some of the current difficulties associated with governance in the booming DeFi sector. Related: BitGo Is Bringing DeFi-Friendly Wrapped Bitcoin to the Tron Blockchain Stepping back, many Maker users had collateral positions for outstanding loans liquidated after a sudden, mid-March crash in the price of ether (ETH) . Additionally, investors were unable to maintain positions because of a backlog of transactions on the Ethereum blockchain as investors sought to flee the COVID-driven market collapse. The one-two punch was preyed upon by market making bots that exploited the flaw to the tune of 2.4 million ETH. Broken logic in the platform’s collateral liquidation engine could be exploited under the right conditions to gobble up collateral on the cheap. Read more: Mempool Manipulation Enabled Theft of $8M in MakerDAO Collateral on Black Thursday: Report Investors have since lobbied the community for partial compensation denominated in the platform’s MKR governance token. All options included in Tuesday’s vote included MKR as the compensation vehicle. (Early on, affected investors had pushed for ETH.) Related: Uniswap Users Have Claimed $560M-Worth of UNI Tokens in a Week Yet, participating MKR holders were incentivized to vote against the compensation as any additional printing of MKR tokens would dilute the value of their holdings. Many community members said as much in the MakerDAO forum. Class action update Litigation against the Maker Foundation in the form of a class-action lawsuit continues regardless of the vote’s outcome, said Adam S. Heder, the Harris Berne Christensen LLP attorney representing MakerDAO’s Black Thursday investors. Lead plaintiff Pete Johnson filed three counts against the Maker Foundation in April including negligence, intentional misrepresentation and negligent misrepresentation. He and joining members of the suit are seeking up to $28.35 million in compensation. Story continues “The parties have submitted briefing on the Maker Defendants’ motion to compel arbitration. We don’t know yet when the Court will issue its ruling,” Heder said via email. The Maker Foundation declined to comment. Related Stories MakerDAO Users Hosed by March Flash Crash Won’t Get MKR Payouts, Say MKR Whales MakerDAO Users Hosed by March Flash Crash Won’t Get MKR Payouts, Say MKR Whales View comments...
- Reddit Posts (Sample): [['u/RedWineBlackPiano', 'My wife is actually pushing me to buy even more bitcoin', 50, '2020-11-11 00:27', 'https://www.reddit.com/r/Bitcoin/comments/jrwag9/my_wife_is_actually_pushing_me_to_buy_even_more/', 'Anybody else recognise this ?', 'https://www.reddit.com/r/Bitcoin/comments/jrwag9/my_wife_is_actually_pushing_me_to_buy_even_more/', 'jrwag9', [['u/Frednn', 19, '2020-11-11 01:24', 'https://www.reddit.com/r/Bitcoin/comments/jrwag9/my_wife_is_actually_pushing_me_to_buy_even_more/gbvw7a5/', 'Be aware of her probable "snaps" when the next 30% drop hits the market.', 'jrwag9'], ['u/sonicode', 69, '2020-11-11 01:29', 'https://www.reddit.com/r/Bitcoin/comments/jrwag9/my_wife_is_actually_pushing_me_to_buy_even_more/gbvwscu/', 'Her boyfriend is a bitcoiner', 'jrwag9'], ['u/3DprintRC', 17, '2020-11-11 01:46', 'https://www.reddit.com/r/Bitcoin/comments/jrwag9/my_wife_is_actually_pushing_me_to_buy_even_more/gbvyn8y/', 'Nice. Is she single?', 'jrwag9'], ['u/RedWineBlackPiano', 29, '2020-11-11 01:59', 'https://www.reddit.com/r/Bitcoin/comments/jrwag9/my_wife_is_actually_pushing_me_to_buy_even_more/gbvzz4c/', 'As long as BTC is on the way to 100K, no.', 'jrwag9'], ['u/Dookie_Man_Poops', 11, '2020-11-11 02:11', 'https://www.reddit.com/r/Bitcoin/comments/jrwag9/my_wife_is_actually_pushing_me_to_buy_even_more/gbw1aw4/', 'Pushing or hitting is domestic violence. Divorce her. **Delete Facebook, Hit the Gym, Lawyer Up**', 'jrwag9'], ['u/Public-Thing', 11, '2020-11-11 03:19', 'https://www.reddit.com/r/Bitcoin/comments/jrwag9/my_wife_is_actually_pushing_me_to_buy_even_more/gbw8oz1/', 'Yea good on ya champ, you must be fun at parties', 'jrwag9']]], ['u/MarleysFriend', 'Tips and advice needed in my self-learning bitcoin/crypto learning process.', 45, '2020-11-11 00:54', 'https://www.reddit.com/r/BitcoinBeginners/comments/jrws3k/tips_and_advice_needed_in_my_selflearning/', 'I dove in deep at first, and researched 3 weeks, setup a few secure wallets, purchased some coins, tried to remain anonymous, moved them around to see how things work. That’s about all I have done other than a ton of reading. I don’t have the extra cash to invest in mining, running my own node, etc.. just for learning purposes right now. If anything I need ways to earn money with my knowledge. Also I would like to know if there’s any formal education or certification that would help further my knowledge in anything fin- tech related. I’m just kinda stalled out right now and need to set some goals and need direction. Thank you everyone.', 'https://www.reddit.com/r/BitcoinBeginners/comments/jrws3k/tips_and_advice_needed_in_my_selflearning/', 'jrws3k', [['u/son_of_Bill_W', 16, '2020-11-11 02:11', 'https://www.reddit.com/r/BitcoinBeginners/comments/jrws3k/tips_and_advice_needed_in_my_selflearning/gbw19ez/', 'Lots of different facets and free resources\nType these names into YouTube \n\nPhilosophical implications of state-less money: Robert Breedlove\n\nEconomics of bitcoin and effect of halving and difficulty adjustment on price of BtC: Preston pysh\n\nFiat v hard money, Austrian economics: Saifedean Ammous\n\nTechnology of bitcoin : free course on coursea taught by Princeton professor and TAs \n\nStock to flow ratio of bitcoin: 100trillionUSD “plan B”\n\nBitcoin in developing world: podcasts by Peter McCormack “what bitcoin did”\n\nLiterally limitless resources but those are some of my favorites. Enjoy.\n\nI constantly look for new flaws in the bitcoin thesis and the only I can find is a “black swan” event I.e. an unknown unknown which is impossible to hedge against besides having cash on hand for few months necessary expenses stored outside of bitcoin', 'jrws3k']]], ['u/ApprehensiveDuty2642', 'Bitcoin Core node Hacked', 14, '2020-11-11 01:31', 'https://www.reddit.com/r/Bitcoin/comments/jrxgj8/bitcoin_core_node_hacked/', 'Hey guys, Im new using a Bitcoin Core Node, I had a big problem with a Bitcoin Core node.\n\nI install a node using an AWS image, and perform an integration using "denpa/php-bitcoinrpc" to send BTC automatically through JSON RPC. The problem was that after two operations we got hacked and lost 2.99 BTC. My question is, taking into account that the wallet in the bitcoin core had a "passphrase", taking into account that the bitcoin core could only be connected from another AWS instance through https, and WE HAD OPEN ONLY the port 8333 to "ANYWHERE". ... How could this be possible? Any Idea.... what Can I do to avoid this things??? Thanks in advance', 'https://www.reddit.com/r/Bitcoin/comments/jrxgj8/bitcoin_core_node_hacked/', 'jrxgj8', [['u/Aussiehash', 18, '2020-11-11 02:04', 'https://www.reddit.com/r/Bitcoin/comments/jrxgj8/bitcoin_core_node_hacked/gbw0hvt/', 'It is not recommended to keep tens of thousands of dollars in hot wallet. A full node runs beautifully on a Pi4 with 4GB RAM.\n\nWho made the AWS image ? That could contain malware.', 'jrxgj8'], ['u/nullc', 27, '2020-11-11 02:35', 'https://www.reddit.com/r/Bitcoin/comments/jrxgj8/bitcoin_core_node_hacked/gbw3x15/', 'I\'m sad to hear about your losses.\n\nYour post doesn\'t really include enough details. You say "using an AWS image" -- what aws image? Is it possible someone has published an insecure AWS image targeting bitcoin users and you\'ve adopted it?\n\n> could only be connected from another AWS instance through https, and WE HAD OPEN ONLY the port 8333\n\nThese statements conflict. Could it be connected from another AWS instance or was only port 8333 open?\n\nPaste your bitcoin.conf (with any IPs and passwords blanked out).\n\nWas the wallet passphrase stored on either of the instances? Presumably it was if you were sending Bitcoin.\n\nUnrelated, I personally wouldn\'t run anything of value on AWS:\n\nRead your AWS contract. Not only do you old amazon harmless for such losses, you indemnify them. E.g. if Jeff Bezos were to personally go in and rob you and your customers were to sue amazon over the loss, you\'d be on the hook to defend them.', 'jrxgj8'], ['u/Mark_Bear', 14, '2020-11-11 02:53', 'https://www.reddit.com/r/Bitcoin/comments/jrxgj8/bitcoin_core_node_hacked/gbw5v1q/', '>using an AWS image\n\nAWS is not someplace I would run a Bitcoin wallet.', 'jrxgj8'], ['u/Rupe_Knabu', 26, '2020-11-11 04:02', 'https://www.reddit.com/r/Bitcoin/comments/jrxgj8/bitcoin_core_node_hacked/gbwd7wg/', 'Holy shit this is actually hilarious. Yeah, I’m pretty sure that seller fucked you over with their own malicious code. I mean, that thing you downloaded has ZERO REVIEWS, and who tf is “Techlatest.net”, and what gives them any type of credibility? You should’ve just downloaded Core from the official GitHub and left AWS out of it.\n\nEdit: I ran a Whois check on their website (techlatest.net) and it was registered in 2018 and based in India.\n\nhttps://www.whois.com/whois/techlatest.net\n\nDo with that information what you will, but to me, it’s clear this is a scam operation.', 'jrxgj8'], ['u/nullc', 28, '2020-11-11 04:45', 'https://www.reddit.com/r/Bitcoin/comments/jrxgj8/bitcoin_core_node_hacked/gbwhnrf/', "I think there is a good chance the image you were using was malicious. I guess you should contact amazon.\n\nIt is extremely simple to setup a bitcoin node on an ordinary linux system. I can see how it would be easy for an attacker to exploit people who aren't very experienced by putting up a backdoored image. :(", 'jrxgj8'], ['u/hyu-', 16, '2020-11-11 09:40', 'https://www.reddit.com/r/Bitcoin/comments/jrxgj8/bitcoin_core_node_hacked/gbx3igo/', '99% it\'s malicious. Just take a look at their site: [http://www.techlatest.net/](http://www.techlatest.net/).\n\nApart from the design that screams "FISHY", all of their "products" are actually GCP/AWS/Azure images for different purposes.', 'jrxgj8'], ['u/dlq84', 12, '2020-11-11 10:02', 'https://www.reddit.com/r/Bitcoin/comments/jrxgj8/bitcoin_core_node_hacked/gbx4ohz/', "You fucked up... Now go write a review about how it's a scam image to prevent other people from falling for the same shit. Also report it to Amazon.", 'jrxgj8']]], ['u/AutoModerator', '[Daily Discussion] Wednesday, November 11, 2020', 52, '2020-11-11 05:05', 'https://www.reddit.com/r/BitcoinMarkets/comments/js1045/daily_discussion_wednesday_november_11_2020/', "**Thread topics include, but are not limited to:**\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\n**Thread guidelines:**\n\n* **Be excellent to each other.**\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n**Other ways to interact:**\n\n* [Get an invite](https://join.slack.com/t/reddit-bitcoinmarkets/shared_invite/enQtNjM1NTg3ODgwODUzLTQ2NjZjYjYxMWExZmZmMWY0MDNlN2JlM2RhZmM0NWY1YzY1MDlkOTMyNWFjNTZjYTg1ZDM2YmEwMWRkZjIwYjM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)\n* Set your flair to trade pretend money in [the Flair Game](https://coinsight.org/flairgame)\n* Weekly threads: [Newbie Mondays](http://www.reddit.com/r/BitcoinMarkets/search?q=newbie+monday&sort=new&restrict_sr=on&t=all) and [Fundamentals Fridays](http://www.reddit.com/r/BitcoinMarkets/search?q=fundamentals+friday&sort=new&restrict_sr=on&t=all)\n* Altcoins Discussion: [Altcoin Discussion](http://www.reddit.com/r/BitcoinMarkets/search?q=altcoin+discussion&sort=new&restrict_sr=on&t=all)", 'https://www.reddit.com/r/BitcoinMarkets/comments/js1045/daily_discussion_wednesday_november_11_2020/', 'js1045', [['u/anchoricex', 11, '2020-11-11 05:22', 'https://www.reddit.com/r/BitcoinMarkets/comments/js1045/daily_discussion_wednesday_november_11_2020/gbwl86z/', 'i do believe thats einsteins formula for infinite money.', 'js1045'], ['u/xopowoooo', 10, '2020-11-11 06:10', 'https://www.reddit.com/r/BitcoinMarkets/comments/js1045/daily_discussion_wednesday_november_11_2020/gbwpdip/', "You should never take out a loan. You're way too emotional ...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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16276.34, 16317.81, 16068.14, 15955.59, 16716.11, 17645.41, 17804.01, 17817.09, 18621.31, 18642.23
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['For many of the nation’s wealthiest women, it’s all in the family. Three are from the Cox family, which commands a vast media, telecom and automotive empire. Five owe their sweet fortunes to a candy company that humbly began in a Tacoma, Washington, kitchen in 1911. Another five hail fromthe Walton family and the Walmart mega-fortunebuilt on the strategy of bringing discount shopping to small and rural communities.\nHowever, not all of the women here were born with wealth. There’s a self-made billionaire who started with one gas station and now helps weary travelers refuel in 41 states. One used her computer programming smarts to build a $3.2 billion company. Another is a community college dropout whose marketing acumen turned Americans on to pomegranate juice. GOBankingRates took a look at the 2020 Forbes list of richest people to identify the 20 American women worth the most.\nLearn more about these well-heeled women here.\nLast updated: Nov. 11, 2020\nKatharine Rayner is the granddaughter of James M. Cox, who founded the Cox Enterprises media and automotive empire. Rayner inherited an estimated 17% stake in Cox Enterprises, along with her brother and sister.\nRayner does not play an active role in the company. Her late husband, William Rayner, was a travel writer, painter and former editorial business manager for Condé Nast. The garden of their East Hampton, New York, estate was featured in Vogue in 2016.\nJudy Faulkner, a computer programmer who founded medical record software provider Epic, is also No. 2 on Forbes’ 2020 list of America’s self-made women. She started her company in her Wisconsin basement in 1979, and it now supports the medical records of more than half of all U.S. patients with the My Chart patient portal. The privately owned company has grown to $3.2 billion in sales without venture capital or acquisitions.\nFaulkner signed the Giving Pledge in 2015, promising to give 99% of her stake in Epic to charities dedicated to causes like reducing disparities in healthcare and improving equal opportunity in education. She also announced this November that her company would launch an innovation hub to encourage the sharing of creative solutions that improve patient care.\nRonda Stryker inherited 6% of medical equipment maker Stryker Corp. from her parents. Her grandfather, orthopedic surgeon Homer Stryker, founded the company in 1946. Today it is best known for its hospital beds. Ronda is a director of the company and serves on the board. She has a master’s degree in special needs education and previously taught in Kalamazoo, Michigan, public schools.\nThe Stryker Johnston Foundation, which Ronda runs with her husband, focuses on supporting social justice causes and the empowerment of disenfranchised communities.\nRead More:Watch Out, These Billionaires Could Buy Your City\nA self-made billionaire with her husband, Tom Love, the couple founded the Love’s Travel Stops & Country Stores convenience store chain. They opened a single gas station in Watonga, Oklahoma, in 1964 with a $5,000 loan from Tom’s parents. They now have more than 520 stores in 41 states. Judy went back to college at age 38 to earn undergraduate and graduate degrees in interior design from the University of Central Oklahoma.\nShe has co-chaired the United Way of Central Oklahoma’s annual fundraising campaigns and is known for her community work for causes in Oklahoma communities. She received an honorary doctorate of humanities and letters from Oklahoma City University in 2015.\nDiane Hendricks and her late husband, Ken Hendricks, co-founded ABC Supply, a wholesale distributor of roofing, siding and windows, in 1982. Diane grew up on a Wisconsin dairy farm as one of nine sisters and is now the chairperson of ABC, which is based in Beloit, Wisconsin, and has 780 branch locations with more than $11 billion in sales. She currently holds the No. 1 spot on the Forbes list of America’s richest self-made women.\nDiane is a well-known donor to the Republican party as well as an active supporter of economic development causes in Wisconsin.\nLinda Resnick and her husband, Stewart, own the Wonderful Co., the company behind brands such as POM Wonderful, Wonderful Pistachios, mandarin Halos and Fiji Water. The couple supplies the crops for their products from orchards they own in Texas, Mexico and California.\nResnick is also a former child actress who dropped out of school to start her own advertising agency at age 19.\nChristy Walton married John Walton, the son of Walmart founder Sam Walton, and inherited a stake in the company when her husband died in a plane crash in 2005.\nChristy lives in Jackson, Wyoming, and is known for her philanthropy. She established Cuna del Mar, an investment fund focusing on sustainable fishing practices, in 2010. She also founded iAlumbra, a business alliance organization promoting socially and environmentally conscious practices. She recently made headlines for her financial backing of the Lincoln Project, a Republican-led super PAC aimed at fighting the reelection campaign of President Donald Trump.\nOne of four sisters who are heirs to the Mars candy and pet food company, Victoria Mars inherited an estimated 8% equal stake in the company when her father, Forrest Mars Jr., died in 2016. Frank Mars, her great-grandfather, founded the candy company in 1911.\nVictoria, the eldest sister, age 63, has been heavily involved in the family business, having worked her way up the ranks to eventually become chairman. She is an outspoken advocate for women in the workforce, from management level to the supply chain of her company. Mars Inc. recently expanded its partnership with CARE International to empower women’s socioeconomic development in cacao growing regions of Ghana and the Ivory Coast.\nSee Who:These Billionaires Got Richer During the Pandemic\nValerie Mars and her three sisters, Victoria, Pamela and Marijike, each inherited an estimated 8% stake in the Mars Inc. candy and food company that their great-grandfather began in 1911 from his kitchen in Tacoma, Washington. In addition to candy, the company’s other food brands include Uncle Ben’s and pet food makers Pedigree and Whiskas.\nValerie, 61, is currently the vice president of corporate development of Mars Inc., where she focuses on acquisitions, joint ventures and divestitures. She has an MBA from Columbia Business School, a bachelor’s degree from Yale University and serves on the boards of Fiat Chrysler Automobiles, Royal Canin, Rabobank North America, Conservation International and others.\nOne of the four heiress-sisters to the Mars family candy fortune, Pamela, 60, has been involved in the company’s business operations since 1986. She has occupied various roles, including plant manager for pet food division Kal Kan Foods Inc. and board chairperson. She currently oversees the pet care division, which includes food brands Pedigree and Whiskas, as well as animal hospital chains in the U.S. and U.K. She also serves on the board of the Heineken company.\nThe youngest of the Mars sisters, 56-year-old Marijke inherited an equal estimated 8% stake in the Mars Inc. candy and pet food empire. She serves on the board of directors along with her sister Valerie, but keeps a lower profile than her siblings. She previously served as regional manager for pet food company Kal Kan Foods in Los Angeles and graduated from Duke University.\nShe has been an advocate for brands practicing social responsibility, highlighting the Mars company’s cause marketing programs.\nNancy Walton Laurie is the daughter of Walmart co-founder Bud Walton and inherited a stake in the company, along with her sister, Ann Walton Kroenke. Nancy is married to billionaire real estate developer Bill Laurie. Together they own Missouri’s Providence Bank and previously owned the St. Louis Blues hockey team.\nNancy is active in the performing arts community, having founded the Columbia Performing Arts Centre, and she serves on the board of trustees at The Juilliard School. The Chi Omega sorority named its Nancy Walton Laurie Leadership Institute in honor of the Walmart heiress and member.\nAnn Walton Kroenke and her sister, Nancy Walton Laurie, are both heiresses to the Walmart fortune via their father, Bud Walton, who co-founded the company with his brother.\nWalton Kroenke has a nursing degree and is married to billionaire real estate developer Stan Kroenke, who owns five U.S. and U.K. sports teams, including the Los Angeles Rams and Denver Nuggets. Stan reportedly purchased the Nuggets with his wife’s backing. She is not involved with the Walmart company.\nBlair Parry-Okeden is the granddaughter of James M. Cox, founder of Cox Enterprises, a private telecom company with communications and automotive divisions. Parry-Okeden inherited a 25% stake in the $21 billion company from her mother, Barbara Cox Anthony. Her brother, Jim Kennedy, is Cox’s chairperson, though she plays no role in the company.\nParry-Okeden, 70, lives in New South Wales, Australia, where she moved to live with her ex-husband, Simon Parry-Okeden, the son of a prominent Australian agriculturalist. She was ranked as Australia’s richest person on the 2016 Forbes Rich List. In 1989 she authored a children’s book called “Down By The Gate.”\nThe CEO and chairperson of Fidelity Investments, Abigail Johnson took over the executive role from her father in 2014. Her grandfather founded the financial firm in Boston in 1946. She earned an MBA from Harvard, worked summers at the family company and became an analyst there in 1988.\nJohnson has taken a nontraditional approach at the helm of Fidelity, launching new products targeting millennials and embracing socially responsible investing and cryptocurrencies like Bitcoin and blockchain. She is married to healthcare entrepreneur Christopher McKown.\nThe widow of Apple co-founder Steve Jobs, Laurene Powell Jobs inherited billions of dollars of stock in Apple and Disney when he died in 2011 of pan
**Last 60 Days of Bitcoin's Closing Prices:**
[10323.76, 10680.84, 10796.95, 10974.91, 10948.99, 10944.59, 11094.35, 10938.27, 10462.26, 10538.46, 10246.19, 10760.07, 10692.72, 10750.72, 10775.27, 10709.65, 10844.64, 10784.49, 10619.45, 10575.97, 10549.33, 10669.58, 10793.34, 10604.41, 10668.97, 10915.69, 11064.46, 11296.36, 11384.18, 11555.36, 11425.90, 11429.51, 11495.35, 11322.12, 11358.10, 11483.36, 11742.04, 11916.33, 12823.69, 12965.89, 12931.54, 13108.06, 13031.17, 13075.25, 13654.22, 13271.29, 13437.88, 13546.52, 13781.00, 13737.11, 13550.49, 13950.30, 14133.71, 15579.85, 15565.88, 14833.75, 15479.57, 15332.32, 15290.90, 15701.34]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2020-11-12
**Financial & Commodity Data:**
- Gold Closing Price: $1872.60
- Crude Oil Closing Price: $41.12
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $295,033,563,047
- Hash Rate: 133524008.14281088
- Transaction Count: 324855.0
- Unique Addresses: 721180.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.87
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: On Thursday,Square(NYSE:SQ) announced it'sinvesting million in bitcoin, the largest cryptocurrency. CEO Jack Dorsey calls bitcoin the most viable currency for the internet.
Chamath Palihapitiyadiscussedbitcoin at theBenzinga Boot Camprecently. He invested $1 million in bitcoin in 2012 through a friend’s recommendation and later bought more after doing due diligence.
Palihapitiya has since sold his bitcoin and now invests in the cryptocurrency through companies that own coins: “It’s easier to manage shares instead of individual coins or wallets,” he said.
The move by Square has put bitcoin in the spotlight yet again. Below are three companies that own physical shares of bitcoins and are seeing gains Thursday.
Riot Blockchain:The portfolio ofRiot Blockchain(NASDAQ:RIOT) isinvestedin companies associated with blockchain and also is a producer of bitcoins.
The companyaimsto “be one of the largest and lowest-cost producers of bitcoin in North America.”
In thefirst six monthsof fiscal 2020, Riot produced 508 new bitcoins. The company also saw its mining margin increase to 33.5% compared to 20.5% in the prior year.
Riot is investing heavily in increasing mining capacity. The company has 1,000 next-generation miners scheduled for delivery in November. The company also has 8,000 more to be installed over the first four months of 2021.
Riot has a current deployed hash rate capacity of 456 PH/s utilizing 16.3 MW of energy. By May 2021, the company will see these figures rise to 1,446 PH/s utilizing 46 MW of energy.
Hive Blockchain Technologies:In the last fiscal year,Hive Blockchain Technologies(OTC:HVBTF) achieved profitability for the first time.
The company assumed direct responsibility for cryptocurrency from a partner in a move to cut costs and help margins. Hive also shut down its cloud-mining operations for bitcoin in favor of a new method.
“Today, with the assumption of full control of our operations completed, HIVE stands as one of the largest publicly listed cryptocurrency miners globally,” the company says.
Hive acquired its own bitcoin mining operations in Canada and has been scaling the business through acquisitions and next-generation mining equipment.
The last fiscal year saw Hive mine 2,051 bitcoin. The company began using next-generation mining equipment for bitcoin in May.
Along with bitcoin, Hive is also a large player in the Ethereum cryptocurrency. In the last fiscal year, the company mined 71,660 Ethereum and 148,796 Ethereum Classic.
MicroStrategy:The cloud business ofMicroStrategy Inc(NASDAQ:MSTR) is declining, but the company is making news for its investment in bitcoins.
CEO Michael Saylor believes bitcoins are superior to cash and gold. The company decided to spend its $500 million in cash on share buybacks and investing in bitcoin.
Bitcoin “is a dependable store of value and an attractive investment asset with more long-term appreciation potential than holding cash,” Saylor said.
Saylor also foreshadowed a move like Square made Thursday predicting, “it will probably be private companies first, then public companies our size, then mid-sized companies.”
Through investments in August and September, MicroStrategy bought 38,250 bitcoin, spending $425 million on the currency. The average price is $11,111 for the bitcoin purchased.
The company plans on buying bitcoin with its cash from operations.
Benzinga’s Take:Coindesk reports that Fidelity, Schwab and Vanguard have all increased their holdings in Riot and Hive. Schwab owns $52,000 of Riot Blockchain stock. Vanguard has $2.1 million invested in Riot Blockchain. Fidelity has $230,000 invested in Riot Blockchain and $1 million in Hive Blockchain.
These three stocks offer a way for investors to get exposure to bitcoin without having to open a wallet or a cryptocurrency account. All three are small-cap stocks and could have high risk/high reward based on the valuation of bitcoin.
See more from Benzinga
• Options Trades For This Crazy Market: Get Benzinga Options to Follow High-Conviction Trade Ideas
• Lloyd Blankfein Blames SPACs, Free Money For Bubble Territory
• Charges Brought In Militia Plot To Violently Overthrow Michigan Governor
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- Reddit Posts (Sample): [['u/Podcastsandpot', 'Just realized something crazy...', 41, '2020-11-12 00:10', 'https://www.reddit.com/r/nanotrade/comments/jsiu9f/just_realized_something_crazy/', 'on a whim i just decided to look up where nano is now compared to 3 years ago. Then i compared that to bitcoin, ethereum and monero to get a general idea of how nano has performed vs some of the more popular coins in this market. \n\nmy findings, which you already know if you\'ve looked at the charts yourself, were astounding... On october 26 2017, 3 years ago, nano was $.0634. Today nano is $.75, so that\'s 12X growth in the past 3 years.\n\nON october 26 bitcoin was $9k, ($15k today), Monero was $150, (today its $112), and Eth was about $450, (same today). So bitcoin is the only one of the three that even grew at all over the past 3 years. So Nano didn\'t just outperform the most popular coins over the past 3 years, it absolutely SLAUGHTERED them in terms of growth over that period. \n\nSo how does Nano have a reputation as having "bad price action"? it crushed all the most popular coins over the past 3 years.', 'https://www.reddit.com/r/nanotrade/comments/jsiu9f/just_realized_something_crazy/', 'jsiu9f', [['u/Podcastsandpot', 15, '2020-11-12 01:10', 'https://www.reddit.com/r/nanotrade/comments/jsiu9f/just_realized_something_crazy/gbzjxt3/', 'you think Nano will probably "never" reach $2 again...? You actually crack me up. Wanna bet 50 Nano it reaches $2 by this time next year? Nano\'s gonna be like $5 -$50 by then so this is a rough bet for you, it\'s like I\'m stealing money. But as you\'re so confident in your assertions I\'m sure you won\'t not take the bet right?', 'jsiu9f'], ['u/gicacoca', 28, '2020-11-12 03:21', 'https://www.reddit.com/r/nanotrade/comments/jsiu9f/just_realized_something_crazy/gbzz7am/', "I'm very confident that Nano will be successful. I've said this before and I'm saying it today and I'll say it tomorrow. But I don't know when. And time is something that all of us have less and less as days go by. Hence the 'desperation' from some of us.\n\nBitcoin holders went through a similar phase in the early years. Just live your life normally because what matters is the Present.\n\nPersonally, I foresee Nano gaining wide adoption when IoT starts to be popular. I think that once Trump administration is out, the US Powerful Entrepreneurial Machine will be back on track with lots of innovation and cooperation with the whole world.", 'jsiu9f'], ['u/panacea102', 23, '2020-11-12 07:12', 'https://www.reddit.com/r/nanotrade/comments/jsiu9f/just_realized_something_crazy/gc0mcbo/', 'You should also realize that you’re cherry-picking extremely hard by comparing a time when all three of the other coins mentioned were already top tier cryptocurrencies recognized by most mainstream investors, and raiblocks was completely irrelevant. $0.06 puts raiblocks at around an $8million market cap, meaning most likely far less than $1million total had even been invested in the coin. People usually compare nano to the January-February 2018 time period because that’s when real volume started to flow into the coin, and it wasn’t one of the thousands of irrelevant altcoins.', 'jsiu9f']]], ['u/54815162342314159265', 'Would you wear clothes with bitcoin logos on it?', 20, '2020-11-12 01:35', 'https://www.reddit.com/r/Bitcoin/comments/jskd90/would_you_wear_clothes_with_bitcoin_logos_on_it/', 'On one side you would be promoting adoption and awareness, which is nice. \n\nOn the other hand, some people could think "this guy has money" putting you in danger.\n\nWhat are your thoughts?', 'https://www.reddit.com/r/Bitcoin/comments/jskd90/would_you_wear_clothes_with_bitcoin_logos_on_it/', 'jskd90', [['u/[deleted]', 10, '2020-11-12 01:43', 'https://www.reddit.com/r/Bitcoin/comments/jskd90/would_you_wear_clothes_with_bitcoin_logos_on_it/gbznsjd/', 'I\'ve seen a shirt with an image of a hammer and wording "this is not a drill" which is kinda funny. I guess if there is a shirt that says something side splittingly hilarious like "Bitcoin is money" I might consider it.', 'jskd90']]], ['u/dougshell', 'Has lite coin been left behind?', 43, '2020-11-12 01:55', 'https://www.reddit.com/r/litecoin/comments/jskpsb/has_lite_coin_been_left_behind/', "I always thought litecoin was the silver to bitcoins gold. Bitcoin seems to be heading back towards it's all time high yet litecoin seems to be not growing nearly as much.\n\nThoughts?\n\nPlease don't pounce, I don't really follow to closely, don't make transactions, and don't mine.\n\nEdited because I includes my holding size and thought it was a small amount", 'https://www.reddit.com/r/litecoin/comments/jskpsb/has_lite_coin_been_left_behind/', 'jskpsb', [['u/htavares2', 26, '2020-11-12 02:02', 'https://www.reddit.com/r/litecoin/comments/jskpsb/has_lite_coin_been_left_behind/gbzpzly/', "I don't know much about this either but I feel bitcoin needs to climb a bit more so litecoin starts to pump. Once bitcoin hits ATH it will be all over the news and people will start to look at crypto again i'm feeling quite bullish on LTC :)", 'jskpsb'], ['u/bonestabone', 35, '2020-11-12 02:20', 'https://www.reddit.com/r/litecoin/comments/jskpsb/has_lite_coin_been_left_behind/gbzsa5k/', "No, there's still a lot happening behind the scenes, like MWEB (privacy) and CTV (smart contracts), and then on the marketing/adoption side you have Paypal being the big news. It's easy to hold Bitcoin because that's the king, you just need more patience with Litecoin.", 'jskpsb'], ['u/FarewellVHS', 13, '2020-11-12 03:19', 'https://www.reddit.com/r/litecoin/comments/jskpsb/has_lite_coin_been_left_behind/gbzyyy2/', 'Litecoin following EXACTLY the pattern from last cycle. Check the log chart to see. Initial boom to $140 so far, then it lags for another year or so flat and then out of nowhere starts to steadily rise for months, then within days skyrockets like 3-4x in a straight line up before crashing very very bad 90% or something like that.', 'jskpsb'], ['u/AmDDJunkie', 49, '2020-11-12 03:26', 'https://www.reddit.com/r/litecoin/comments/jskpsb/has_lite_coin_been_left_behind/gbzzod0/', "Nah, Litecoin seems to be much more stable (comparatively) than other coins, this should be a selling point. It'll pump once people look at the details. privacy features being added, TONS of daily transactions, more ATMs than any other coin (other than BTC), etc. \n\nLTC/BTC price is low, good time to stock up.", 'jskpsb'], ['u/ArchiMode25', 12, '2020-11-12 05:42', 'https://www.reddit.com/r/litecoin/comments/jskpsb/has_lite_coin_been_left_behind/gc0d6ra/', "Be patient. LTC time will come. LTC still has a lot of development happening. I held only LTC in 2017 and it worked out just fine. BTC leads the pack but BTCs rise is basically inevitable. Keep researching and don't forget to sit back and enjoy life. Crypto isn't everything, just one thing. Historically the 16-18 months after BTC halving there is a parabolic rise. The latest halving happened in May 2020 and BTC is up 500% by its low of 3200 in 2019. So IF 2021 is mega bull then LTC will do just fine.", 'jskpsb'], ['u/JoJopama', 10, '2020-11-12 06:12', 'https://www.reddit.com/r/litecoin/comments/jskpsb/has_lite_coin_been_left_behind/gc0gbns/', 'Exactly', 'jskpsb'], ['u/AmDDJunkie', 14, '2020-11-12 15:01', 'https://www.reddit.com/r/litecoin/comments/jskpsb/has_lite_coin_been_left_behind/gc1mmdh/', 'Wow, my first ever Reddit award! Most of the time Im lucky to get an upvote or two. Thank you!! :)', 'jskpsb'], ['u/JochenPlemper', 15, '2020-11-12 17:22', 'https://www.reddit.com/r/litecoin/comments/jskpsb/has_lite_coin_been_left_behind/gc22u39/', 'If BTC will get dumped so will LTC.', 'jskpsb']]], ['u/mohrt', 'The BTC bug', 13, '2020-11-12 03:40', 'https://www.reddit.com/r/bitcoincashSV/comments/jsmhhb/the_btc_bug/', '**Regarding the recent BSV wallet bug (which was promptly fixed), compare that to the long standing bug IN BTC ITSELF that caps the block size to 1 Meg. Guess how much that has cost users in tx fees, and continues to do so. Zero utility. Dead coin walking.', 'https://www.reddit.com/r/bitcoincashSV/comments/jsmhhb/the_btc_bug/', 'jsmhhb', [['u/NemisisOcr', 11, '2020-11-12 04:13', 'https://www.reddit.com/r/bitcoincashSV/comments/jsmhhb/the_btc_bug/gc04m2u/', 'Oh...no no... that my friend, is a feature. Lol... btc will be the biggest bubble in human history.', 'jsmhhb']]], ['u/MenacingMelons', 'Just made my first Lightning Network transaction and it was easier than I could have ever imagined', 78, '2020-11-12 04:41', 'https://www.reddit.com/r/Bitcoin/comments/jsnfgv/just_made_my_first_lightning_network_transaction/', "Whenever I have read about using LN, setting up a node or channel, potentially losing funds, it has always turned me off from the idea. It seems too complicated (for me) and too much of a risk(constant smear from other subs). A few weeks ago I saw a video of a guy using LN to get around and it interested me. Well, today I made my first transaction today using Breez and Fold. It was a simple gift card purchase, but it was easy and **very** user friendly. On top of that, you get sats back.\n\nSorry this isn't a post about achieving financial freedom due to BTC, but I used BTC to buy some new jeans, and that's awesome.\n\nVery excited for the future now that I've got a taste of lightning.⚡⚡", 'https://www.reddit.com/r/Bitcoin/comments/jsnfgv/just_made_my_first_lightning_network_transaction/', 'jsnfgv', [['u/Cryptoguruboss', 13, '2020-11-12 05:05', 'https://www.reddit.com/r/Bitcoin/comments/jsnfgv/just_made_my_first_lightning_network_transaction/gc09s1s/', 'Try breeze wallet with strike app it will blow your mild... breeze is non custodial', 'jsnfgv'], ['u/[deleted]', 15, '2020-11-12 05:54', 'https://www.reddit.com/r/Bitcoin/comments/jsnfgv/just_made_my_first_lightning_network_transaction/gc0efbp/', 'Headlines in a few years - "The most expensive jeans in history.."', 'jsnfgv'], ['u/MenacingMelons', 11, '2020-11-12 05...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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16317.81, 16068.14, 15955.59, 16716.11, 17645.41, 17804.01, 17817.09, 18621.31, 18642.23, 18370.00
|
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Bitcoin, BTC to USD, rallied by 3.74% on Thursday. Following on from a 2.60% gain on Wednesday, Bitcoin ended the day at $16,296.2.\nIt was a bearish start to the day. Bitcoin fell to an early morning intraday low $15,453.0 before making a move.\nSteering clear of the first major support level at $15,341, Bitcoin rallied to a late intraday high $16,325.0.\nBitcoin broke through the first major resistance level at $16,030 to wrap up the day at $16,290 levels.\nThe near-term bullish trend remained intact, supported by the latest move through to $15,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $6,400 to form a near-term bearish trend.\nAcross the rest of the majors, it was a mixed day on Thursday.\nBitcoin Cash ABC (+0.72%), Bitcoin Cash SV (+0.03%), Crypto.com Coin (+2.29%), and Litecoin (+2.38%) joined Bitcoin in the green to buck the trend on the day.\nIt was a bearish day for the rest of the majors.\nChainlink and Polkadot slid by 2.99% and by 4.62% respectively to lead the way down.\nBinance Coin (-1.19%), Cardano’s ADA (-1.30%), Ethereum (-0.17%), and Ripple’s XRP (-0.45%) also saw red on the day.\nFor the current week, the crypto total market cap fell to a Monday low $421.37bn before rising to a Thursday high $466.77bn. At the time of writing, the total market cap stood at $495.66bn.\nBitcoin’s dominance fell to a Tuesday low 64.22% before rising to a Thursday high 65.90%. At the time of writing, Bitcoin’s dominance stood at 65.93%.\nAt the time of writing, Bitcoin was up by 0.27% to $16,340.0. A mixed start to the day saw Bitcoin fall to an early morning low $16,266.5 before rising to a high $16,344.0.\nBitcoin left the major support and resistance levels untested early on.\nElsewhere, it was a mixed start to the day. Binance Coin and Polkadot were down by 0.02% and by 0.45% respectively to buck the trend early on.\nIt was a relatively bullish start to the day for the rest of the majors, however.\nAt the time of writing, Litecoin was up by 1.14% to lead the way.\nBitcoin would need to avoid a fall through the pivot level at $16,024.4 to bring the first major resistance level at $16,596 into play.\nSupport from the broader market would be needed for Bitcoin to break out from the morning high $16,344.0.\nBarring an extended crypto rally, the first major resistance level would likely cap any upside.\nIn the event of another crypto breakout, Bitcoin could test the second major resistance level at $16,895 and resistance at $17,000.\nFailure to avoid a fall through the $16,024 pivot would bring the first major support level at $15,725 into play.\nBarring an extended crypto sell-off, Bitcoin should steer well clear of sub-$15,500 levels. The second major support level sits at $15,153.\nThisarticlewas originally posted on FX Empire\n• Consumer Sentiment, COVID-19, and Capital Hill Puts the Dollar in Focus\n• SP 500 Price Forecast – Stock Markets Continue to Look a Bit Exhausted\n• Crude Oil Price Update – Big Challenge for Bulls on Test of $40.25 – $38.99 Retracement Zone\n• Cisco Shares Jump Over 8% After Earnings Beat; Target Price $55 in Best Case\n• Nike Fails Second Breakout Attempt\n• Gold Price Prediction – Prices Edge Higher on Flat CPI', 'Bitcoin, BTC to USD, rallied by 3.74% on Thursday. Following on from a 2.60% gain on Wednesday, Bitcoin ended the day at $16,296.2. It was a bearish start to the day. Bitcoin fell to an early morning intraday low $15,453.0 before making a move. Steering clear of the first major support level at $15,341, Bitcoin rallied to a late intraday high $16,325.0. Bitcoin broke through the first major resistance level at $16,030 to wrap up the day at $16,290 levels. The near-term bullish trend remained intact, supported by the latest move through to $15,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $6,400 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was a mixed day on Thursday. Bitcoin Cash ABC (+0.72%), Bitcoin Cash SV (+0.03%), Crypto.com Coin (+2.29%), and Litecoin (+2.38%) joined Bitcoin in the green to buck the trend on the day. It was a bearish day for the rest of the majors. Chainlink and Polkadot slid by 2.99% and by 4.62% respectively to lead the way down. Binance Coin (-1.19%), Cardano’s ADA (-1.30%), Ethereum (-0.17%), and Ripple’s XRP (-0.45%) also saw red on the day. For the current week, the crypto total market cap fell to a Monday low $421.37bn before rising to a Thursday high $466.77bn. At the time of writing, the total market cap stood at $495.66bn. Bitcoin’s dominance fell to a Tuesday low 64.22% before rising to a Thursday high 65.90%. At the time of writing, Bitcoin’s dominance stood at 65.93%. This Morning At the time of writing, Bitcoin was up by 0.27% to $16,340.0. A mixed start to the day saw Bitcoin fall to an early morning low $16,266.5 before rising to a high $16,344.0. Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was a mixed start to the day. Binance Coin and Polkadot were down by 0.02% and by 0.45% respectively to buck the trend early on. It was a relatively bullish start to the day for the rest of the majors, however. Story continues At the time of writing, Litecoin was up by 1.14% to lead the way. For the Bitcoin Day Ahead Bitcoin would need to avoid a fall through the pivot level at $16,024.4 to bring the first major resistance level at $16,596 into play. Support from the broader market would be needed for Bitcoin to break out from the morning high $16,344.0. Barring an extended crypto rally, the first major resistance level would likely cap any upside. In the event of another crypto breakout, Bitcoin could test the second major resistance level at $16,895 and resistance at $17,000. Failure to avoid a fall through the $16,024 pivot would bring the first major support level at $15,725 into play. Barring an extended crypto sell-off, Bitcoin should steer well clear of sub-$15,500 levels. The second major support level sits at $15,153. This article was originally posted on FX Empire More From FXEMPIRE: Consumer Sentiment, COVID-19, and Capital Hill Puts the Dollar in Focus SP 500 Price Forecast – Stock Markets Continue to Look a Bit Exhausted Crude Oil Price Update – Big Challenge for Bulls on Test of $40.25 – $38.99 Retracement Zone Cisco Shares Jump Over 8% After Earnings Beat; Target Price $55 in Best Case Nike Fails Second Breakout Attempt Gold Price Prediction – Prices Edge Higher on Flat CPI', "Pfizer Inc (NYSE: PFE ) is in negotiations with the government of Brazil to supply its COVID-19 vaccine to the country, Reuters reported Thursday. What Happened: The negotiations are reportedly centered around supplying the vaccine in the first quarter of 2021. “We are working strongly with the Brazilian government to try to fast-track the availability (of the vaccine) in Brazil as fast as possible,” Carlos Murillo, the head of Pfizer in Brazil said in an online event, as per Reuters. Pfizer’s vaccine needs to be stored at minus 70 degrees Celsius (-94 degrees Fahrenheit), which could pose a challenge in developing countries, where maintaining a storage chain is an obstacle. Why It Matters: Pfizer and BioNTech SE (NASDAQ: BNTX ) reported this month that their\xa0mRNA\xa0vaccine candidate showed 90% effectiveness in preventing COVID-19 in\xa0a large-scale Phase 3 study, based on interim data. The high efficacy shown by the drugmaker sets a high bar for others such as Moderna Inc (NASDAQ: MRNA ) working on an mRNA vaccine. Murillo disclosed that the New York-based drugmaker had developed a way to keep the vaccine in good condition using only dry ice, noted Reuters. The vaccine would be sold at three different price points, depending on the income level of the country, according to Pfizer's Brazil head. Price Action: Pfizer shares closed nearly 2.5% lower at $37.55 on Thursday. On the same day, BioNTech stock closed about 7.14% lower and gained 1.33% in the after-hours session. See more from Benzinga Click here for options trades from Benzinga Pfizer's COVID-19 Vaccine News Throws Bitcoin Rally Off Course Eli Lilly's Antibody Treatment For COVID-19 Gets FDA Emergency Use Authorization © 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.", "Pfizer Inc(NYSE:PFE) is in negotiations with the government of Brazil to supply its COVID-19 vaccine to the country, ReutersreportedThursday.\nWhat Happened:The negotiations are reportedly centered around supplying the vaccine in the first quarter of 2021.\n“We are working strongly with the Brazilian government to try to fast-track the availability (of the vaccine) in Brazil as fast as possible,” Carlos Murillo, the head of Pfizer in Brazil said in an online event, as per Reuters.\nPfizer’s vaccine needs to be stored at minus 70 degrees Celsius (-94 degrees Fahrenheit), which could pose a challenge in developing countries, where maintaining a storage chain is an obstacle.\nWhy It Matters:Pfizer andBioNTech SE(NASDAQ:BNTX) reported this month that their\xa0mRNA\xa0vaccine candidate showed90% effectivenessin preventing COVID-19 in\xa0a large-scale Phase 3 study, based on interim data.\nThe high efficacy shown by the drugmaker sets ahigh bar for otherssuch asModerna Inc(NASDAQ:MRNA) working on an mRNA vaccine.\nMurillo disclosed that the New York-based drugmaker had developed a way to keep the vaccine in good condition using only dry ice, noted Reuters. The vaccine would be sold at three different price points, depending on the income level of the country, according to Pfizer's Brazil head.\nPrice Action:Pfizer shares closed nearly 2.5% lower at $37.55 on Thursday. On the same day, BioNTech stock closed about 7.14% lower and gained 1.33% in the after-hours session.\nSee more from Benzinga\n• Click here for options trades from Benzinga\n• Pfizer's COVID-19 Vaccine News Throws Bitcoin Rally Off Course\n• Eli Lilly's Antibody Treatment For COVID-
**Last 60 Days of Bitcoin's Closing Prices:**
[10680.84, 10796.95, 10974.91, 10948.99, 10944.59, 11094.35, 10938.27, 10462.26, 10538.46, 10246.19, 10760.07, 10692.72, 10750.72, 10775.27, 10709.65, 10844.64, 10784.49, 10619.45, 10575.97, 10549.33, 10669.58, 10793.34, 10604.41, 10668.97, 10915.69, 11064.46, 11296.36, 11384.18, 11555.36, 11425.90, 11429.51, 11495.35, 11322.12, 11358.10, 11483.36, 11742.04, 11916.33, 12823.69, 12965.89, 12931.54, 13108.06, 13031.17, 13075.25, 13654.22, 13271.29, 13437.88, 13546.52, 13781.00, 13737.11, 13550.49, 13950.30, 14133.71, 15579.85, 15565.88, 14833.75, 15479.57, 15332.32, 15290.90, 15701.34, 16276.34]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2020-11-13
**Financial & Commodity Data:**
- Gold Closing Price: $1885.70
- Crude Oil Closing Price: $40.13
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $295,033,563,047
- Hash Rate: 115998982.07406694
- Transaction Count: 300040.0
- Unique Addresses: 685725.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.89
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Russia’s most notorious state cyberhackers usedbitcointo cover their ties to critical hacking campaign “infrastructure” such as servers and domain names, according to an indictment unsealed Monday by U.S. prosecutors.
• Six members of Russia’s state-run hacking teams who allegedly targeted “thousands” of victims across companies, political campaigns, governments and the 2018 Winter Olympics through Russian Military Unit 7445 are named in thesuit.
• Prosecutors also allege they were responsible for 2017’s catastrophic “NotPetya” malware attack that caused billions of dollars in damage. Security researchers have made such claims before.
• NotPetya was based on the petya bitcoin ransomware exploit but with a malicious twist, prosecutors allege: “Even if victims paid the ransom ($300 worth of bitcoin), the Conspirators would not be able to decrypt and recover the victims’ computer files.”
• US Alleges Top Russian Cyber Hackers Tried to Cover Digital Tracks With Bitcoin
• US Alleges Top Russian Cyber Hackers Tried to Cover Digital Tracks With Bitcoin
• US Alleges Top Russian Cyber Hackers Tried to Cover Digital Tracks With Bitcoin
• US Alleges Top Russian Cyber Hackers Tried to Cover Digital Tracks With Bitcoin...
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
16068.14, 15955.59, 16716.11, 17645.41, 17804.01, 17817.09, 18621.31, 18642.23, 18370.00, 18364.12
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Bitcoin, BTC to USD, rose by 0.08% on Friday. Following on from a 3.74% rally on Thursday, Bitcoin ended the day at $16,308.6. It was a bullish start to the day. Bitcoin rose to an early morning intraday high and new swing hi $16,481.0 before hitting reverse. Falling short of the first major resistance level at $16,596, Bitcoin slid to a late afternoon intraday low $15,974.0. Steering clear of the first major support level at $15,725, Bitcoin bounced back to $16,300 levels to end the day in the green. The near-term bullish trend remained intact, supported by the latest move through to $16,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $8,768 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was a mixed day on Friday. Bitcoin Cash ABC and Crypto.com Coin fell by 0.05% and by 2.65% respectively to buck the trend on the day. It was a bullish day for the rest, however, with Litecoin surging by 8.68% to lead the way. Chainlink (+3.79%), Ethereum (+3.07%), Polkadot (+2.91%), and Ripple’s XRP (+4.31%) also found strong support. Binance Coin (+1.88%), Bitcoin Cash SV (+1.67%), and Cardano’s ADA (+1.78%) trailed the front runners. For the current week, the crypto total market cap fell to a Monday low $421.37bn before rising to a Friday high $471.06bn. At the time of writing, the total market cap stood at $465.73bn. Bitcoin’s dominance fell to a Tuesday low 64.22% before rising to a Friday high 66.00%. At the time of writing, Bitcoin’s dominance stood at 64.6%. This Morning At the time of writing, Bitcoin was down by 0.29% to $16,261.0. A mixed start to the day saw Bitcoin rise to an early morning high $16,315.0 before falling to a low $16,207.0. Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was a mixed start to the day. Bitcoin Cash SV (+0.22%), Cardano’s ADA (+0.45%), Polkadot (+0.04%), and Ripple’s XRP (+2.09%) found early support. Story continues It was a bearish start for the rest of the majors, however. At the time of writing, Litecoin was down by 1.82% to lead the way down. For the Bitcoin Day Ahead Bitcoin would need to avoid a fall back through the pivot level at $16,255 to bring the first major resistance level at $16,535 into play. Support from the broader market would be needed for Bitcoin to break out from Friday’s high $16,481.0. Barring an extended crypto rally, the first major resistance level would likely cap any upside. In the event of another crypto breakout, Bitcoin could test the second major resistance level at $16,762 and resistance at $17,000. Failure to avoid a fall back through the $16,255 pivot would bring the first major support level at $16,028 into play. Barring an extended crypto sell-off, Bitcoin should steer clear of sub-$16,000 levels. The second major support level sits at $15,748. This article was originally posted on FX Empire More From FXEMPIRE: Gold Price Prediction – Prices Rise as the Dollar Falls Following US PPI Report U.S. Dollar Index (DX) Futures Technical Analysis – 93.225 to 93.490 Too Much for Counter-Trend Buyers USD/CAD Daily Forecast – Resistance At The 50 EMA In Sight S&P 500 Weekly Price Forecast – Stock Markets Run Out of Steam S&P 500 Price Forecast – Stocks Markets Continue to Press Top of Range Silver Weekly Price Forecast – Silver Markets Continue Grind', 'Bitcoin, BTC to USD, rose by 0.08% on Friday. Following on from a 3.74% rally on Thursday, Bitcoin ended the day at $16,308.6. It was a bullish start to the day. Bitcoin rose to an early morning intraday high and new swing hi $16,481.0 before hitting reverse. Falling short of the first major resistance level at $16,596, Bitcoin slid to a late afternoon intraday low $15,974.0. Steering clear of the first major support level at $15,725, Bitcoin bounced back to $16,300 levels to end the day in the green. The near-term bullish trend remained intact, supported by the latest move through to $16,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $8,768 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was a mixed day on Friday. Bitcoin Cash ABC and Crypto.com Coin fell by 0.05% and by 2.65% respectively to buck the trend on the day. It was a bullish day for the rest, however, with Litecoin surging by 8.68% to lead the way. Chainlink (+3.79%), Ethereum (+3.07%), Polkadot (+2.91%), and Ripple’s XRP (+4.31%) also found strong support. Binance Coin (+1.88%), Bitcoin Cash SV (+1.67%), and Cardano’s ADA (+1.78%) trailed the front runners. For the current week, the crypto total market cap fell to a Monday low $421.37bn before rising to a Friday high $471.06bn. At the time of writing, the total market cap stood at $465.73bn. Bitcoin’s dominance fell to a Tuesday low 64.22% before rising to a Friday high 66.00%. At the time of writing, Bitcoin’s dominance stood at 64.6%. This Morning At the time of writing, Bitcoin was down by 0.29% to $16,261.0. A mixed start to the day saw Bitcoin rise to an early morning high $16,315.0 before falling to a low $16,207.0. Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was a mixed start to the day. Bitcoin Cash SV (+0.22%), Cardano’s ADA (+0.45%), Polkadot (+0.04%), and Ripple’s XRP (+2.09%) found early support. Story continues It was a bearish start for the rest of the majors, however. At the time of writing, Litecoin was down by 1.82% to lead the way down. For the Bitcoin Day Ahead Bitcoin would need to avoid a fall back through the pivot level at $16,255 to bring the first major resistance level at $16,535 into play. Support from the broader market would be needed for Bitcoin to break out from Friday’s high $16,481.0. Barring an extended crypto rally, the first major resistance level would likely cap any upside. In the event of another crypto breakout, Bitcoin could test the second major resistance level at $16,762 and resistance at $17,000. Failure to avoid a fall back through the $16,255 pivot would bring the first major support level at $16,028 into play. Barring an extended crypto sell-off, Bitcoin should steer clear of sub-$16,000 levels. The second major support level sits at $15,748. This article was originally posted on FX Empire More From FXEMPIRE: Gold Price Prediction – Prices Rise as the Dollar Falls Following US PPI Report U.S. Dollar Index (DX) Futures Technical Analysis – 93.225 to 93.490 Too Much for Counter-Trend Buyers USD/CAD Daily Forecast – Resistance At The 50 EMA In Sight S&P 500 Weekly Price Forecast – Stock Markets Run Out of Steam S&P 500 Price Forecast – Stocks Markets Continue to Press Top of Range Silver Weekly Price Forecast – Silver Markets Continue Grind', 'Bitcoin’s price quickly dropped below $16,000 Saturday morning, putting the rapid rally seen in recent weeks on pause.\n• Around 10:00 UTC, the cryptocurrency dropped as low as $15,750, having hit highs over $16,300 in the Asian trading hours.\n• As reported earlier this week,analysts had been expectingbitcointo move into consolidation for a time, and possible to see a pullback.\n• That’s because the rally from $9,800 to over $16,000 over the past two months looked overstretched on the technical charts.\n• They anticipated, however, that the run toward bitcoin’s record high of around $20,000 would pick up the pace again, likely in December.\n• The bitcoin options market is also extremely bullish longer term, as datashowed Thursdaythat net demand for call options (bullish bets) was outstripping net demand for puts (bearish bets) by the highest level on record.\n• At press time, bitcoin prices had risen slightly to $15,860, down 2.87% over 24 hours.\nAlso read:$300M in Bitcoin Flow to Binance From Huobi as China Gets Tougher on Exchanges\n• Bitcoin Rally Falters as Price Drops Below $16K\n• Bitcoin Rally Falters as Price Drops Below $16K\n• Bitcoin Rally Falters as Price Drops Below $16K\n• Bitcoin Rally Falters as Price Drops Below $16K', 'Bitcoin\x92s price quickly dropped below $16,000 Saturday morning, putting the rapid rally seen in recent weeks on pause. Around 10:00 UTC, the cryptocurrency dropped as low as $15,750, having hit highs over $16,300 in the Asian trading hours. As reported earlier this week, analysts had been expecting bitcoin to move into consolidation for a time, and possible to see a pullback. That\x92s because the rally from $9,800 to over $16,000 over the past two months looked overstretched on the technical charts. They anticipated, however, that the run toward bitcoin\x92s record high of around $20,000 would pick up the pace again, likely in December. The bitcoin options market is also extremely bullish longer term, as data showed Thursday that net demand for call options (bullish bets) was outstripping net demand for puts (bearish bets) by the highest level on record. At press time, bitcoin prices had risen slightly to $15,860, down 2.87% over 24 hours. Also read: $300M in Bitcoin Flow to Binance From Huobi as China Gets Tougher on Exchanges Related Stories Bitcoin Rally Falters as Price Drops Below $16K Bitcoin Rally Falters as Price Drops Below $16K Bitcoin Rally Falters as Price Drops Below $16K Bitcoin Rally Falters as Price Drops Below $16K View comments', 'Bitcoin’s price quickly dropped below $16,000 Saturday morning, putting the rapid rally seen in recent weeks on pause.\n• Around 10:00 UTC, the cryptocurrency dropped as low as $15,750, having hit highs over $16,300 in the Asian trading hours.\n• As reported earlier this week,analysts had been expectingbitcointo move into consolidation for a time, and possible to see a pullback.\n• That’s because the rally from $9,800 to over $16,000 over the past two months looked overstretched on the technical charts.\n• They anticipated, however, that the run toward bitcoin’s record high of around $20,000 would pick up the pace again, likely in December.\n• The bitcoin options market is also extremely bullish longer term
**Last 60 Days of Bitcoin's Closing Prices:**
[10796.95, 10974.91, 10948.99, 10944.59, 11094.35, 10938.27, 10462.26, 10538.46, 10246.19, 10760.07, 10692.72, 10750.72, 10775.27, 10709.65, 10844.64, 10784.49, 10619.45, 10575.97, 10549.33, 10669.58, 10793.34, 10604.41, 10668.97, 10915.69, 11064.46, 11296.36, 11384.18, 11555.36, 11425.90, 11429.51, 11495.35, 11322.12, 11358.10, 11483.36, 11742.04, 11916.33, 12823.69, 12965.89, 12931.54, 13108.06, 13031.17, 13075.25, 13654.22, 13271.29, 13437.88, 13546.52, 13781.00, 13737.11, 13550.49, 13950.30, 14133.71, 15579.85, 15565.88, 14833.75, 15479.57, 15332.32, 15290.90, 15701.34, 16276.34, 16317.81]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2020-11-14
**Financial & Commodity Data:**
- Gold Closing Price: $1885.70
- Crude Oil Closing Price: $40.13
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $295,403,741,953
- Hash Rate: 118502557.22674464
- Transaction Count: 273511.0
- Unique Addresses: 613373.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.90
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: MakerDAO’s DAI stablecoin is the latest crypto unicorn with a $1 billion market cap. DeFi’s total value locked hit a lifetime high. Hedge fund billionaire Ray Dalio said yesterday he isn’t keen on bitcoin; a few hours later, the cryptocurrency hit a three-year high. Top shelf Cannot dai Dai (DAI), MakerDAO’s dollar-pegged algorithmic stablecoin, reached a $1 billion market capitalization on Wednesday. While there are only 993 million DAI in circulation, its skewed peg of $1.01 has brought it above the milestone metric. “[I]t works, is here to stay, and is the honey badger of Ethereum,” Compound’s Robert Leshner said. About a third of all dai is in the DAI Savings Rate (DSR) smart contract, with most of the remainder (over 620 million,) locked in its ERC-20 smart contract, CoinDesk’s Brady Dale reports. The move comes as the DeFi ecosystem in aggregate passed a new lifetime high of $13.62 billion. Forfeited funds Chainalysis, in conjunction with confiscated asset consultancy Asset Reality, unveiled a program for storing and selling forfeited crypto . Announced Thursday, the program is targeted towards government clients, many of which rely on Chainalysis’ blockchain sleuthing technology to trace illicit funds. While no clients have been announced, in April, the U.S. Marshals Service, which runs semi-regular forfeiture auctions, said it was looking for a private-sector partner to help it manage and dispose of forfeited cryptocurrency. Related: First Mover: Why the Fed Cares About Remote Working – And What It Means for Bitcoin Dalio’s dictates Founder of the world’s largest hedge fund Ray Dalio said governments will seek to “outlaw” bitcoin if it becomes “material.” Plodding well-worn territory, Dalio said bitcoin may not even get there due to its volatility and lack of commercial appeal. “I today can’t take my bitcoin yet and buy things easily with it,” he said. Still, governments may “use whatever teeth they have” to break bitcoin’s back, if it becomes necessary, he said. Story continues Staking play Crypto trading firm DARMA Capital unveiled a service to provide Eth 2.0 stakers with liquidity through USDC stablecoin loans. Called, perhaps unimaginatively, LiquidStake, the service will allow users to continue earning interest provided by the Eth 2.0 experiment (which will not allow stakers to recall their assets once pledged) while also using this stake as collateral on a cash-equivalent loan. While other loan providers are testing similar services, DARMA’s has received the backing of the Ethereum establishment, including involvement from ConsenSys, Bison Trails, Figment, OpenLaw and Filecoin. In other Ethereum news, Tel Aviv-based Kirobo revealed a way to reverse erroneous ether transactions. $7.6B stolen Since 2011, $7.6 billion worth of cryptocurrencies have been stolen through hacks or scams, according to a new Crystal Blockchain report. Approximately $2.8 billion was stolen through 113 security breaches, with a concentration of hacks taking place in the U.S., Japan, U.K., China and South Korea. Another $4.8 billion was stolen through scams, with Crystal Blockchain identifying 23 prominent fraud schemes. Noting the the number of hacks and scams seems to be holding steady, malicious actors are growing more sophisticated. Proper insurance, reserve balances, in-house security teams and blockchain analytics software are all recommended remedies. Quick bites Bitcoin hashrate rebounded 30% Wednesday from quarterly lows as Asian miners brought machines back online. ( CoinDesk ) Russia’s Ministry of Finance has proposed changes to the country’s coming crypto laws that could soften tax reporting requirements. ( CoinDesk ) Some U.S. legislators tore into the Office of the Comptroller of the Currency, and its acting head Brian Brooks, for its “excessive focus” on crypto during a pandemic, in an open letter. ( CoinDesk ) “Slippery slope” as new bitcoin mining pool censors transactions. ( Cointelegraph ) Dash still can’t shake its “privacy coin” associations. ( Decrypt ) Market intel Crossing $16K Bitcoin kissed three-year highs above $16,000 earlier today. At around 10 UTC (5 a.m. ET) the cryptocurrency clocked $16,157, a price point last seen on Jan. 6, 2018, before trending down to the high $15,000s. Bitcoin is now up 123% on a year-to-date basis and has gained nearly 50% so far this quarter. Investors still predict a consolidation between $14,000 to $16,000 before any potential retest of all-time highs of $20,000. “The interest so far in 2020 has been primarily from institutions and we could see more retail participation when bitcoin breaks its previous all-time highs of $20,000,” Kyle Davies, co-founder of Three Arrows Capital, said. Related: First Mover: Bitcoin Breaches $16K as (Committed) Holders Diss Dalio's Diss Bitcoin in profit Bitcoin’s rally has had another effect beyond market exuberance and wild-eyed predictions: Nearly all unspent transaction outputs (UTXOs) are in profit . According to Coin Metrics, 98% of UTXOs are worth more today than the time of creation, a level last seen in December 2017. UTXOs are the value left over after a bitcoin transaction, similar to receiving change after paying cash. So what does it mean for bitcoin’s price? Well, Coin Metric analysts said traders might be encouraged to sell and take their profits, or continue holding, given there’s “ a low risk of capitulation.” At stake Bitcoin in Venezuela Venezuela continues to dominate peer-to-peer crypto activity . According to data reviewed by CoinDesk research analyst Duy Nguyen, in GDP-adjusted terms, the South American nation’s P2P bitcoin market is at least twice as high as the next-largest market, Nigeria. Activity on prominent P2P crypto exchanges LocalBitcoins and Paxful peaked in the first half of 2019, but has since hovered around $20 million. Experts point to a range of factors to explain the successful test case of Venezuelan crypto use: including the nation’s riotous inflation, capital controls and remittance markets, U.S.-led sanctions and the Maduro regime’s experiment with a crypto-backed petro dollar. The International Monetary Fund measured Venezuelan hyperinflation at 65,374% in 2018, leagues above any other economy. (Zimbabwe, for instance, is projected to run hot at 319% in 2020, though government bans mean P2P BTC trading is near-zero.) Among the 10 economies that have experienced the highest rates of annual inflation since 2017, only Venezuela, Argentina and Iran have shown significant peer-to-peer bitcoin market activity, Nguyen reports. While macro-level indicators do much to explain a “deflationary” currency like bitcoin’s appeal, significant on the ground factors are at play. Gabriel Jiménez, a Venezuelan blockchain entrepreneur who led the development of the petro, said Venezuelan businesses often use bitcoin as a medium to obtain foreign currencies like the dollar. “People living in Venezuela are living under a very unstable and predatory government. They suffer from extreme inflation and general economic instability. And here’s a censorship-resistant, inflation-proof asset, so it’s very attractive to people who are looking for a way to maintain value,” Andrea O’Sullivan, director of tech and innovation at James Madison Institute, told Nguyen. Who won #CryptoTwitter? Related Stories Blockchain Bites: $16K BTC, $1B DAI, $13.6B TVL in DeFi Blockchain Bites: $16K BTC, $1B DAI, $13.6B TVL in DeFi...
- Reddit Posts (Sample): [['u/nullbio', "I'm setting up WeNano hotspots in schools", 120, '2020-11-14 00:19', 'https://www.reddit.com/r/nanocurrency/comments/jtqyjq/im_setting_up_wenano_hotspots_in_schools/', "I've just purchased $500 worth of Nano to start setting up hotspots in WeNano at schools. I know it's not much in the grand scheme, but hopefully other people can contribute to them as well. I was pleasantly surprised to see that the WeNano devs added a way to buy Nano inside the app, making it really easy to do. One of my trepidations for not doing this sooner was because I didn't want to take funds from my personal Nano stack.\n\nI really think this is one of the best ways we can spread adoption, schoolkids have a way of spreading this sort of thing like wildfire, and if we can get this in the hands of our youth they'll run with it as they see the appeal of Nano over traditional coins like Bitcoin. Plus it's a fun thing for them to do and talk about on their lunch breaks, and a few dollars to a school kid is a lot of money and can be used to buy snacks at their canteen or bartered among eachother for lunch snacks. I could see an economy forming really easily among them.\n\nIf you've got some spare cash consider doing the same for schools in your area. WeNano is one of the best tools we have to spread awareness.", 'https://www.reddit.com/r/nanocurrency/comments/jtqyjq/im_setting_up_wenano_hotspots_in_schools/', 'jtqyjq', [['u/livewithoutchains', 26, '2020-11-14 00:42', 'https://www.reddit.com/r/nanocurrency/comments/jtqyjq/im_setting_up_wenano_hotspots_in_schools/gc7d0xa/', 'That’s a really great idea and I’m surprised no one has thought of doing that yet. Not to sound like an old guy but kids these days are always on their phones and are more open to new tech. Very generous too.', 'jtqyjq'], ['u/WorldPeaceIsSoMetta', 14, '2020-11-14 00:54', 'https://www.reddit.com/r/nanocurrency/comments/jtqyjq/im_setting_up_wenano_hotspots_in_schools/gc7e91m/', 'Love it!! It’s a creative way to get in front of open minded people!', 'jtqyjq'], ['u/wurapurp', 17, '2020-11-14 01:26', 'https://www.reddit.com/r/nanocurrency/comments/jtqyjq/im_setting_up_wenano_hotspots_in_schools/gc7hlqo/', 'Imagine how many stories you’ll see of “I used x amount of nano to buy chocolate milk which would now be worth x amount”', 'jtqyjq'], ['u/nullbio', 10, '2020-11-14 02:41', 'https://www.reddit.com/r/nanocurrency/comments/jtqyjq/im_setting_up_wenano_hotspots_in_schools/gc7p4a4/', "I think highschool is a sweet spot. They're resourceful at their age, a little money is a lot of money to them, and they're creative enough to create economies among themselves - where as I feel like uni students wouldn't be bothered to do something like that, since they can just use cash and cards. As for the investing part, I think awareness comes first. If it becomes a thing at their school, they'll tell their family members about it and their family members will be old enough to invest. It's about creating a network effect and word of mouth more-so than the individual. Plus high-school kids can generally swindle their parents to give them a bit of money for things like this if they can convince their parents it's in their best interest. It's a great way to spark discussion and it's a bit of fun for kids.", 'jtqyjq']]], ['u/Yauper', "If you don't understand why Bitcoin is important, read this article", 122, '2020-11-14 00:21', 'https://www.reddit.com/r/Bitcoin/comments/jtqzo9/if_you_dont_understand_why_bitcoin_is_important/', 'This one of the most important articles I have read in a while, props to the writer, Bitcoin has a bright future folks.\n\n[https://breedlove22.medium.com/masters-and-slaves-of-money-255ecc93404f](https://breedlove22.medium.com/masters-and-slaves-of-money-255ecc93404f)', 'https://www.reddit.com/r/Bitcoin/comments/jtqzo9/if_you_dont_understand_why_bitcoin_is_important/', 'jtqzo9', [['u/Leading_Zeros', 15, '2020-11-14 00:31', 'https://www.reddit.com/r/Bitcoin/comments/jtqzo9/if_you_dont_understand_why_bitcoin_is_important/gc7bwdi/', "Sure is one of the best. Don't miss out on the rest of Breedlove's work.", 'jtqzo9']]], ['u/Type-Ten', 'Idle Momentum: The Rebirth Update', 73, '2020-11-14 00:30', 'https://www.reddit.com/r/incremental_games/comments/jtr5dh/idle_momentum_the_rebirth_update/', "Hello fellow incremental gamers!\n\nI posted my game, Idle Momentum, for the first time roughly 2 months ago, and I am back with a big update. I wanted to release this update much sooner, but got very busy in my personal life. This update packs a lot of new features, existing feature updates, QoL improvements, and more.\n\nThe game can be accessed at [idlemomentum.com](https://idlemomentum.com).\n\nThe full changelog can be accessed by [clicking here](https://idlemomentum.com/changelog).\n\nPlease see the summary changelog below.\n\n**v1.3\xa0Production\xa0Release\xa0Summary\xa0\\* November\xa013,\xa02020** The\xa0following\xa0changelog\xa0notes\xa0serve\xa0to\xa0summarize\xa0the\xa0changes\xa0to\xa0Idle\xa0Momentum\xa0between the\xa0last\xa0production\xa0release\xa0`v1.0.4`\xa0and current release\xa0`v1.3.6`.\xa0There\xa0are\xa0many\xa0more\xa0changes,\xa0bug\xa0fixes,\xa0and\xa0QoL\xa0updates\xa0that\xa0aren't\xa0outlined\xa0below.\xa0Find\xa0more\xa0in-depth\xa0version\xa0notes\xa0by following the full changelog link above.\n\n**New\xa0Features**\n\n* Badges:\xa0Earn\xa0badges\xa0for\xa0each\xa0major\xa0prestige\xa0completed\xa0starting\xa0at\xa0major\xa05;\xa0each\xa0one\xa0adds\xa0a\xa02x\xa0speed\xa0multiplier\xa0to\xa0a\xa0random\xa0resource\xa0that\xa0lasts\xa0through\xa0ascension\n* Rebirth:\xa0The\xa0fourth\xa0layer\xa0of\xa0prestige;\xa0the\xa0first\xa0Rebirth\xa0can\xa0be\xa0completed\xa0at\xa0100K\xa0AP\n* Rewards:\xa0Every\xa02\xa0hours,\xa0spin\xa0a\xa0reward\xa0wheel\xa0and\xa0receive\xa0a\xa0random\xa0prize!\n* Reset\xa0Password\n\n**Existing\xa0Feature\xa0Updates**\n\n* Major\xa0performance\xa0optimization\n* Ascension\n * Ascension\xa0point\xa0earning\xa0formula\xa0tweaked\n * Ascension\xa0automation\xa0reworked\xa0to\xa0be\xa0cheaper\xa0and\xa0more\xa0effective\n * Many\xa0existing\xa0Ascension\xa0upgrades\xa0have\xa0been\xa0tweaked\xa0to\xa0be\xa0more\xa0powerful\xa0than\xa0before \\* New\xa0Ascension\xa0upgrades:\xa0`Minor\xa0/\xa0Major\xa0/\xa0Ascension\xa0Time\xa0Multiplier`,\xa0`Increased\xa0Offline\xa0Hours`,\xa0`Global\xa0/\xa0Occupation\xa0Multiplier\xa0Enhancement`,\xa0`Spent\xa0AP\xa0Multiplier`,\xa0`Multi\xa0Resource\xa0Upgrade`\n * `Increased\xa0Major\xa0Points`\xa0Ascension\xa0upgrade\xa0moved\xa0to\xa0Rebirth\n * Ability\xa0to\xa0purchase\xa0upgrades\xa0in\xa0bulk\xa0added\n * `Occupation\xa0Multiplier`\xa0Ascension\xa0upgrade\xa0removed\n* Milestones\n * Milestones\xa0now\xa0more\xa0accurately\xa0depict\xa0how\xa0many\xa0pending\xa0milestones\xa0are\xa0available\n * Reward\xa0cards\xa0no\xa0longer\xa0show\xa0the\xa0before\xa0and\xa0after\xa0for\xa0simplicity's\xa0sake\n * Immutable\xa0cards\xa0(lasts\xa0through\xa0ascension)\xa0are\xa0now\xa0possible\xa0through\xa0a\xa0Rebirth\xa0upgrade\xa0or\xa0through\xa0the\xa0reward\xa0wheel\n* Shop\n * The\xa0shop\xa0is\xa0now\xa0separated\xa0into\xa0shop\xa0categories\xa0and\xa0has\xa0a\xa0few\xa0new\xa0purchases\xa0that\xa0should\xa0have\xa0a\xa0bigger\xa0impact\xa0on\xa0the\xa0overall\xa0game\xa0experience\n * PayPal\xa0and\xa0Cryptocurrency\xa0(BTC,\xa0ETH,\xa0USDC)\xa0added\xa0as\xa0payment\xa0options\xa0in\xa0addition\xa0to\xa0Credit\xa0Card\xa0processing\n* Hover\xa0over\xa0`Max\xa0All`\xa0button\xa0to\xa0toggle\xa0Max-All\xa0mechanics\xa0upgrades\n* New\xa0settings\xa0and\xa0hotkeys\xa0added\xa0to\xa0the\xa0settings\xa0popup\n* The\xa0`Structure`\xa0occupation\xa0has\xa0been\xa0renamed\xa0to\xa0`Property`\n* Version\xa0notifications\xa0\\* get\xa0notified\xa0to\xa0save\xa0and\xa0reload\xa0when\xa0a\xa0new\xa0version\xa0is\xa0available\n* Progress\xa0balancing\xa0and\xa0upgrade\xa0cost\xa0tweaking\xa0in\xa0most\xa0aspects\xa0of\xa0the\xa0game\n* Save\xa0data\xa0size\xa0reduced\xa0by\xa080%\n* Maximum\xa0base\xa0offline\xa0hours\xa0increased\xa0to\xa04\xa0hours\xa0from\xa01\xa0hour\xa0and\xa0is\xa0now\xa0more\xa0accurate\xa0than\xa0before\n\nImage for thumbnail purposes: [https://imgur.com/bvsmsqs](https://imgur.com/bvsmsqs)", 'https://www.reddit.com/r/incremental_games/comments/jtr5dh/idle_momentum_the_rebirth_update/', 'jtr5dh', [['u/Gramidconet', 11, '2020-11-14 19:05', 'https://www.reddit.com/r/incremental_games/comments/jtr5dh/idle_momentum_the_rebirth_update/gc9s2ks/', 'Why is "nothing" on the prize wheel? It\'s such an unnecessary "fuck you" to the player.', 'jtr5dh']]], ['u/SweetPie123', '3000 MOON Giveaway: Guess The Price!', 114, '2020-11-14 00:32', 'https://www.reddit.com/r/CryptoCurrency/comments/jtr6kd/3000_moon_giveaway_guess_the_price/', "Binance close 23:59 CET 18637 (rounded up)\nWinner: 18647 - PM_ME_PLASTIC_BAGS \n\nMoon price close 23:59 CET 0.0197\nWinner: 0.0197 – ModernRefrigerator\n\nCLOSED AT 23:59 CET!**\n\n[https://docs.google.com/document/d/1PpDbEqcLzxj5dYc8\\_YnWFDpEFrHsOjsw0hr\\_JEgqojw/edit?usp=sharing](https://docs.google.com/document/d/1PpDbEqcLzxj5dYc8_YnWFDpEFrHsOjsw0hr_JEgqojw/edit?usp=sharing) **---&amp;gt; Link to all participants and their Guesses.**\n\n**To celebrate all the crypto success stories from the last few weeks and just because you guys are awesome I'm going to giveaway 3K Moons to you! (Please read the rules carefully!)**\n\n* *How can I win the Moons?*\n\nAll you have to do is leave a comment within 24H (will close at 23.59 CET) on this post about what you think the price will be of BTC (Binance price) and Moon (Honeyswap) on 21 Nov. (1 week from now). **Please formulate the answers like this: BTC 17000 and Moon 0.0000! In case you fail to do so, your answer will be invalid!**\n\n* *How will I be rewarded if I guess 1 or 2 answers right?*\n\nFor 1 correct answer or being the closest to the right number you will receiv...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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15955.59, 16716.11, 17645.41, 17804.01, 17817.09, 18621.31, 18642.23, 18370.00, 18364.12, 19107.46
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Bitcoin, BTC to USD, fell by 1.54% on Saturday. Reversing a 0.08% gain from Friday, Bitcoin ended the day at $16,057.0. It was a bearish day. Bitcoin slid from an early morning intraday high $16,315.0 to a late afternoon intraday low $15,715.0. The extended sell-off saw Bitcoin slide through the first major support level at $15,743 and the second major support level at $15,429. Finding support late in the day Bitcoin broke back through the support levels to wrap up the day at $16,000 levels. The near-term bullish trend remained intact, supported by the latest move through to $16,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $8,768 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was a mixed day on Saturday. Ripple’s XRP rose by 0.98% to buck the trend on the day. It was a bearish day for the rest of the majors, however, which joined Bitcoin in the red. Crypto.com Coin (-3.16%) Litecoin (-3.27%), and Ethereum (-3.35%) led the way down. Bitcoin Cash ABC (-1.70%), Bitcoin Cash SV (-2.17%), Cardano’s ADA (-2.28%), and Chainlink (-2.29%) also struggled. Binance Coin (-0.93%) and Polkadot (-0.17%) saw relatively modest losses. For the current week, the crypto total market cap fell to a Monday low $421.37bn before rising to a Friday high $471.06bn. At the time of writing, the total market cap stood at $455.81bn. Bitcoin’s dominance fell to a Tuesday low 64.22% before rising to a Friday high 65.99%. At the time of writing, Bitcoin’s dominance stood at 65.10%. This Morning At the time of writing, Bitcoin was down by 0.55% to $15,969.0. A mixed start to the day saw Bitcoin rise to an early morning high $16,099.6 before falling to a low $15,925.0. Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was a mixed start to the day. Bitcoin Cash SV (-0.22%), Cardano’s ADA (-0.26%), Chainlink (-0.47%), Crypto.com Coin (-0.89%), Ethereum (-0.06%), and Litecoin (-0.52%) joined Bitcoin in the red. Story continues It was a bullish start for the rest of the majors, however. At the time of writing, Ripple’s XRP was up by 3.07% to lead the way. For the Bitcoin Day Ahead Bitcoin would need to move back through the pivot level at $16,029 to bring the first major resistance level at $16,343 into play. Support from the broader market would be needed for Bitcoin to break out from Saturday’s high $16,315.0. Barring an extended crypto rally, the first major resistance level would likely cap any upside. In the event of a crypto breakout, Bitcoin could test resistance at $16,500 before any pullback. The second major resistance level sits at $16,629. Failure to move back through the $16,029 pivot would bring the first major support level at $15,743 into play. Barring another extended crypto sell-off, Bitcoin should steer well clear of sub-$15,500 levels. The second major support level sits at $15,429. This article was originally posted on FX Empire More From FXEMPIRE: The Crypto Daily – Movers and Shakers – November 14th, 2020 S&P 500 Weekly Price Forecast – Stock Markets Run Out of Steam Gold Price Prediction – Prices Rise as the Dollar Falls Following US PPI Report The Crypto Daily – Movers and Shakers – November 15th, 2020 Crude Oil Weekly Price Forecast – Crude Oil Slams Into Top of Range European Equities: A Week in Review – 13/11/20', 'Bitcoin, BTC to USD, fell by 1.54% on Saturday. Reversing a 0.08% gain from Friday, Bitcoin ended the day at $16,057.0.\nIt was a bearish day. Bitcoin slid from an early morning intraday high $16,315.0 to a late afternoon intraday low $15,715.0.\nThe extended sell-off saw Bitcoin slide through the first major support level at $15,743 and the second major support level at $15,429.\nFinding support late in the day Bitcoin broke back through the support levels to wrap up the day at $16,000 levels.\nThe near-term bullish trend remained intact, supported by the latest move through to $16,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $8,768 to form a near-term bearish trend.\nAcross the rest of the majors, it was a mixed day on Saturday.\nRipple’s XRP rose by 0.98% to buck the trend on the day.\nIt was a bearish day for the rest of the majors, however, which joined Bitcoin in the red.\nCrypto.com Coin (-3.16%) Litecoin (-3.27%), and Ethereum (-3.35%) led the way down.\nBitcoin Cash ABC (-1.70%), Bitcoin Cash SV (-2.17%), Cardano’s ADA (-2.28%), and Chainlink (-2.29%) also struggled.\nBinance Coin (-0.93%) and Polkadot (-0.17%) saw relatively modest losses.\nFor the current week, the crypto total market cap fell to a Monday low $421.37bn before rising to a Friday high $471.06bn. At the time of writing, the total market cap stood at $455.81bn.\nBitcoin’s dominance fell to a Tuesday low 64.22% before rising to a Friday high 65.99%. At the time of writing, Bitcoin’s dominance stood at 65.10%.\nAt the time of writing, Bitcoin was down by 0.55% to $15,969.0. A mixed start to the day saw Bitcoin rise to an early morning high $16,099.6 before falling to a low $15,925.0.\nBitcoin left the major support and resistance levels untested early on.\nElsewhere, it was a mixed start to the day.\nBitcoin Cash SV (-0.22%), Cardano’s ADA (-0.26%), Chainlink (-0.47%), Crypto.com Coin (-0.89%), Ethereum (-0.06%), and Litecoin (-0.52%) joined Bitcoin in the red.\nIt was a bullish start for the rest of the majors, however.\nAt the time of writing, Ripple’s XRP was up by 3.07% to lead the way.\nBitcoin would need to move back through the pivot level at $16,029 to bring the first major resistance level at $16,343 into play.\nSupport from the broader market would be needed for Bitcoin to break out from Saturday’s high $16,315.0.\nBarring an extended crypto rally, the first major resistance level would likely cap any upside.\nIn the event of a crypto breakout, Bitcoin could test resistance at $16,500 before any pullback. The second major resistance level sits at $16,629.\nFailure to move back through the $16,029 pivot would bring the first major support level at $15,743 into play.\nBarring another extended crypto sell-off, Bitcoin should steer well clear of sub-$15,500 levels. The second major support level sits at $15,429.\nThisarticlewas originally posted on FX Empire\n• The Crypto Daily – Movers and Shakers – November 14th, 2020\n• S&P 500 Weekly Price Forecast – Stock Markets Run Out of Steam\n• Gold Price Prediction – Prices Rise as the Dollar Falls Following US PPI Report\n• The Crypto Daily – Movers and Shakers – November 15th, 2020\n• Crude Oil Weekly Price Forecast – Crude Oil Slams Into Top of Range\n• European Equities: A Week in Review – 13/11/20', "In the aftermath of a divisive U.S. presidential election that seems to mark the tail end of the 20th Century, I’m reminded of the daughters of the beginning of the Industrial Revolution. The “Mill Girls” of Lowell, Mass., made up 75% of all textile workers in the U.S. In the 1830s, they took jobs to put their brothers through college and feed their families. These young women, starting to work at age 15, were the fabric of their community’s economic production. It was the close-knit nature of their sisterhood that became what we now know as the American Federation of Labor and Congress of Industrial Organizations, the AFL-CIO.\nLabor has traditionally organized people in a common cause like union representation. Most of us have had to sell our labor for capital that someone else owns, giving us an incentive to work for common workplace standards. But that traditional labor-for-capital model has been joined by another driver of economic activity. Now our data is the labor that drives capital creation and distribution. And it’s time for us to take back what our communities are owed.\nJames Felton Keith is the author of “Inclusionism,” founding president of the Data Union, and advisory board member at the Streamr Network.\nRelated:Why Bitcoin Thrives (and Why It Won't Replace the Dollar)\nThe Lowell organizing efforts were notable not only for the “unfeminine” participation of women, but also for the political framework used to appeal to the public. They warned that “the oppressing hand of avarice would enslave us.” They used this sentiment in an 1836 strike song.\nOh! isn’t it a pity, such a pretty girl as I\nShould be sent to the factory to pine away and die?\nOh! I cannot be a slave, I will not be a slave,\nRelated:Crypto Execs Need Liability Insurance\nFor I’m so fond of liberty,\nThat I cannot be a slave.\nIn the modern era newspapers, NGOs and government officials from every continent are asking, “Are we slaves to big data?” Unlike the community of mill women, we’re not organizing for wages, not alone, we’re organizing for income based on the value of our community-of-participants. The thread of our data is the seminal input to every company’s productivity.\nLast week, I received a leaked copy of the forthcoming EuropeanData Governance Act(DGA). We anticipate some form of this legislation to pass the European Parliament in the March 2021 time frame. The legislation mentions “data unions” explicitly in sections 26 and 27.\n(26) An emerging variant are data cooperatives or data unions that seek to achieve a number of objectives…\n(27) …data cooperatives as intermediaries between data subjects and potential data users in the economy\nData unions (or cooperatives or collectives or communities) are a relatively new-old concept for a new natural resource: personal data. Unlike its wage-based rival of time, data is what economists call a non-rival good, meaning multiple users can consume it at once. Per the language of Europe’s recently enacted privacy regulation (GDPR) both data controllers (big tech platforms) and data processors (lil’ app companies) can generate value on data about you and your community alongside other firms, in the words of rapper Future,At The Same Damn Time.\nNow our data is the labor that drives capital creation and distr
**Last 60 Days of Bitcoin's Closing Prices:**
[10974.91, 10948.99, 10944.59, 11094.35, 10938.27, 10462.26, 10538.46, 10246.19, 10760.07, 10692.72, 10750.72, 10775.27, 10709.65, 10844.64, 10784.49, 10619.45, 10575.97, 10549.33, 10669.58, 10793.34, 10604.41, 10668.97, 10915.69, 11064.46, 11296.36, 11384.18, 11555.36, 11425.90, 11429.51, 11495.35, 11322.12, 11358.10, 11483.36, 11742.04, 11916.33, 12823.69, 12965.89, 12931.54, 13108.06, 13031.17, 13075.25, 13654.22, 13271.29, 13437.88, 13546.52, 13781.00, 13737.11, 13550.49, 13950.30, 14133.71, 15579.85, 15565.88, 14833.75, 15479.57, 15332.32, 15290.90, 15701.34, 16276.34, 16317.81, 16068.14]
Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2020-11-15
**Financial & Commodity Data:**
- Gold Closing Price: $1885.70
- Crude Oil Closing Price: $40.13
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $295,403,741,953
- Hash Rate: 125178757.6338852
- Transaction Count: 252715.0
- Unique Addresses: 555375.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.86
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Bitcoin is turning bullish Thursday while ether futures open interest sticks around $1 billion the past month. Bitcoin (BTC) trading around $11,537 as of 20:00 UTC (4 p.m. ET). Gaining 1.5% over the previous 24 hours. Bitcoin’s 24-hour range: $11,249-$11,543 BTC above its 10-day and 50-day moving averages, a bullish signal for market technicians. Bitcoin’s price is on the rise Thursday, moving from a mostly flat trend to hit as high as $11,543 on spot exchanges such as Bitstamp. It was changing hands at $11,537 as of press time. The move upward arrives as the world’s oldest cryptocurrency has struggled to stay above $11,500 since Oct. 13. Andrew Tu, an executive at trading firm Efficient Frontier, said this phenomenon, often known as “resistance” where traders take profits, creates sell momentum and holds back bitcoin from pushing higher. Related: Bitcoin Price Dips 3% on OKEx News, Analysts Aren't Too Worried “There is significant resistance past $11,400,” Tu told CoinDesk. “It may be that we fail to stay above $11,500 and begin to range from $10,500-$11,400.” With the exception of a quick bounce to as high as $11,730 on Oct. 13, bitcoin has been in $11,400-$11,500 territory most of the past week. “Looking back at 2020 so far, bitcoin is on a nice and steady walk upwards,” said Henrik Kugelberg, an over-the-counter crypto trader based in Sweden. “It is very fortunate that we have bitcoin to look at when most other macro things look gloomy, to say the least.” Read More: World’s Growing Stockpile of Negative-Yielding Debt a Positive for Bitcoin BItcoin is trouncing traditional investment hedges such as gold and even silver. While gold is up 26% in 2020 and silver has gained 35%, bitcoin has climbed 57%. Related: Is Crypto Converging With Public Markets? “There will always be plunges, bull runs and plateaus with bitcoin,” Kugelberg added. “But I am confident we have not seen all the effects of the amazing developments in and around bitcoin.” One of these developments has been the increasing number of publicly traded companies holding some bitcoin as a reserve asset, something Kugelberg sees as a bullish driver. Story continues Efficient Frontier’s Tu sees significant upside if bitcoin can get over the $12,000 price point. “If we do successfully break $12,000 we could see BTC sharply rise, as there are few historical resistance lines past this point,” he added. Ether futures flatten Ether (ETH), the second-largest cryptocurrency by market capitalization, was up Thursday trading around $378 and climbing 0.74% in 24 hours as of 20:00 UTC (4:00 p.m. ET). Read More: How the DeFi Craze Made Its Way to China The ether futures market has stagnated in the past month, hovering around $1 billion in open interest per day after hitting record numbers on Aug. 15 and Sept. 1, when it briefly surpassed $1.7 billion. Vishal Shah, a crypto options trader and founder of derivatives exchange Alpha5, says the earlier open interest spike can be attributed to the decentralized finance, or DeFi, frenzy. “The way I look at that chart is by extracting out the mid-July to mid-September open interest change. That was the DeFi effect,” Shah said. “Now we are mostly tracking broader industry growth with some elements around Ethereum 2.0 keeping hopes high.” Other markets Digital assets on the CoinDesk 20 are mixed, mostly red Thursday. Notable winners as of 20:00 UTC (4:00 p.m. ET): bitcoin cash (BCH) + 2.3% bitcoin sv (BSV) + 1% eos (EOS) + 0.20% Notable losers as of 20:00 UTC (4:00 p.m. ET): orchid (OXT) – 2.6% tezos (XTZ) – 1% chainlink (LINK) – 0.74% Read More: Filecoin Launch Finally Brings $200M ICO to Fruition Equities: The Nikkei 225 in Asia ended the day slipping 0.51% as investors considered the negative economic numbers coming out of Australia and China Thursday . The FTSE 100 closed in the red 1.7% as concerns about a new wave of coronavirus cases in Europe caused investors to hit the sell button on stocks . In the United States the S&P 500 was flat, in the red 0.10% as investors signaled uncertainty a coronavirus stimulus package would be completed in the near term . Commodities: Oil was down 0.28%. Price per barrel of West Texas Intermediate crude: $40.97 Gold was in the green 0.26% and at $1,906 as of press time. Treasurys: U.S. Treasury bond yields were mixed Thursday. Yields, which move in the opposite direction as price, were down most on the two-year, dipping to 0.139 and in the red 4%. Related Stories Market Wrap: Bitcoin Tests $11.5K; Ether Futures Open Interest Flattens Market Wrap: Bitcoin Tests $11.5K; Ether Futures Open Interest Flattens...
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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16716.11, 17645.41, 17804.01, 17817.09, 18621.31, 18642.23, 18370.00, 18364.12, 19107.46, 18732.12
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Bitcoin rose by 3.00% in the week ending 15thNovember. Following on from a 12.69% breakout from the week prior, Bitcoin ended the week at $15,965.0.\nIt was a bearish start to the week. Bitcoin fell to a Monday intraweek low $14,841.0 before making a move.\nSteering clear of the first major support level at $13,842, Bitcoin rallied to a Friday intraweek high and new swing hi $16,481.0.\nFalling short of the first major resistance level at $16,523, Bitcoin fell back to sub-$16,000 levels. A bearish end to the week saw Bitcoin fall to $15,700 levels before wrapping up the week at $15,900 levels.\n3 days in the green that included a 3.74% rally on Thursday delivered the upside for the week.\nBitcoin would need to avoid a fall through $15,762 pivot to support a run the first major resistance level at $16,684.\nSupport from the broader market would be needed for Bitcoin to break out from last week’s high $16,481.0.\nBarring an extended crypto rally, the first major resistance level would likely cap any upside.\nIn the event of another breakout, Bitcoin could test resistance at $17,500 before any pullback. The second major resistance level sits at $17,402.\nFailure to avoid a fall through the $15,762 pivot would bring the first major support level at $15,044 into play.\nBarring an extended sell-off, however, Bitcoin should steer clear of sub-$15,000 support levels. The second major support level sits at $14,122.\nAt the time of writing, Bitcoin was up by 0.24% to $16,003.0. A mixed start to the week saw Bitcoin fall to an early Monday morning low $15,874.0 before rising to a high $16,043.0.\nBitcoin left the major support and resistance levels untested at the start of the week.\nLitecoin rose by 2.28% in the week ending 15thNovember. Following on from a 9.56% rally from the previous week, Litecoin ended the week at $62.37.\nIt was a bearish start to the week. Litecoin fell to a Tuesday intraweek low $57.12 before making a move.\nSteering well clear of the first major support level at $53.20, Litecoin rallied to a Friday intraweek high $66.60.\nLitecoin came within range of the first major resistance level at $66.82 before a bearish end to the week.\nThe bearish weekend saw Litecoin fall back to $61 levels before wrapping up the week at $62 levels.\n3-days in the green that included an 8.68% jump on Friday delivered the upside for the week. Losses on Monday and Tuesday and a bearish weekend limited the upside, however.\nLitecoin would need to avoid a fall through the $62.03 pivot level to support a run at the first major resistance level at $66.94.\nSupport from the broader market would be needed, however, for Litecoin to break out from last week’s high $66.60.\nBarring another extended crypto rally, the first major resistance level and resistance at $67 would likely cap any upside.\nIn the event of a breakout, Litecoin could test the 38.2% FIB of $71 and the second major resistance level at $71.51 before any pullback.\nFailure to avoid a fall through the $62.03 pivot would bring the first major support level at $57.46 into play.\nBarring an extended crypto market sell-off, however, Litecoin should steer clear of sub-$55 levels and the 23.6% FIB of $54.00. The second major support level sits at $52.55.\nAt the time of writing, Litecoin was up by 3.98% to $64.85. A bullish start to the week saw Litecoin rally from an early Monday morning low $62.16 to a high $64.88.\nLitecoin left the major support and resistance levels untested at the start of the week.\nThisarticlewas originally posted on FX Empire\n• European Equities: Economic Data, COVID-19, and Brexit in Focus\n• U.S Mortgage Rates Rise on COVID-19 Vaccine Optimism\n• Berkeley Lights’ Target Price Raised to $80 at Morgan Stanley After Earnings Beat, Forecasts $120 in Best Case\n• E-mini S&P 500 Index (ES) Futures Technical Analysis – Trading on Strong Side of Minor Pivot at 3587.25\n• Bitcoin and Litecoin – Weekly Technical Analysis – November 16th, 2020\n• PNC Financial Services to Acquire BBVA’s U.S. Arm for Over $10 Billion; Target Price $138', 'Bitcoin Bitcoin rose by 3.00% in the week ending 15 th November. Following on from a 12.69% breakout from the week prior, Bitcoin ended the week at $15,965.0. It was a bearish start to the week. Bitcoin fell to a Monday intraweek low $14,841.0 before making a move. Steering clear of the first major support level at $13,842, Bitcoin rallied to a Friday intraweek high and new swing hi $16,481.0. Falling short of the first major resistance level at $16,523, Bitcoin fell back to sub-$16,000 levels. A bearish end to the week saw Bitcoin fall to $15,700 levels before wrapping up the week at $15,900 levels. 3 days in the green that included a 3.74% rally on Thursday delivered the upside for the week. For the week ahead Bitcoin would need to avoid a fall through $15,762 pivot to support a run the first major resistance level at $16,684. Support from the broader market would be needed for Bitcoin to break out from last week\x92s high $16,481.0. Barring an extended crypto rally, the first major resistance level would likely cap any upside. In the event of another breakout, Bitcoin could test resistance at $17,500 before any pullback. The second major resistance level sits at $17,402. Failure to avoid a fall through the $15,762 pivot would bring the first major support level at $15,044 into play. Barring an extended sell-off, however, Bitcoin should steer clear of sub-$15,000 support levels. The second major support level sits at $14,122. At the time of writing, Bitcoin was up by 0.24% to $16,003.0. A mixed start to the week saw Bitcoin fall to an early Monday morning low $15,874.0 before rising to a high $16,043.0. Bitcoin left the major support and resistance levels untested at the start of the week. Litecoin Litecoin rose by 2.28% in the week ending 15 th November. Following on from a 9.56% rally from the previous week, Litecoin ended the week at $62.37. It was a bearish start to the week. Litecoin fell to a Tuesday intraweek low $57.12 before making a move. Story continues Steering well clear of the first major support level at $53.20, Litecoin rallied to a Friday intraweek high $66.60. Litecoin came within range of the first major resistance level at $66.82 before a bearish end to the week. The bearish weekend saw Litecoin fall back to $61 levels before wrapping up the week at $62 levels. 3-days in the green that included an 8.68% jump on Friday delivered the upside for the week. Losses on Monday and Tuesday and a bearish weekend limited the upside, however. For the week ahead Litecoin would need to avoid a fall through the $62.03 pivot level to support a run at the first major resistance level at $66.94. Support from the broader market would be needed, however, for Litecoin to break out from last week\x92s high $66.60. Barring another extended crypto rally, the first major resistance level and resistance at $67 would likely cap any upside. In the event of a breakout, Litecoin could test the 38.2% FIB of $71 and the second major resistance level at $71.51 before any pullback. Failure to avoid a fall through the $62.03 pivot would bring the first major support level at $57.46 into play. Barring an extended crypto market sell-off, however, Litecoin should steer clear of sub-$55 levels and the 23.6% FIB of $54.00. The second major support level sits at $52.55. At the time of writing, Litecoin was up by 3.98% to $64.85. A bullish start to the week saw Litecoin rally from an early Monday morning low $62.16 to a high $64.88. Litecoin left the major support and resistance levels untested at the start of the week. This article was originally posted on FX Empire More From FXEMPIRE: European Equities: Economic Data, COVID-19, and Brexit in Focus U.S Mortgage Rates Rise on COVID-19 Vaccine Optimism Berkeley Lights\x92 Target Price Raised to $80 at Morgan Stanley After Earnings Beat, Forecasts $120 in Best Case E-mini S&P 500 Index (ES) Futures Technical Analysis \x96 Trading on Strong Side of Minor Pivot at 3587.25 Bitcoin and Litecoin \x96 Weekly Technical Analysis \x96 November 16th, 2020 PNC Financial Services to Acquire BBVA\x92s U.S. Arm for Over $10 Billion; Target Price $138', 'Bitcoin rose by 3.00% in the week ending 15thNovember. Following on from a 12.69% breakout from the week prior, Bitcoin ended the week at $15,965.0.\nIt was a bearish start to the week. Bitcoin fell to a Monday intraweek low $14,841.0 before making a move.\nSteering clear of the first major support level at $13,842, Bitcoin rallied to a Friday intraweek high and new swing hi $16,481.0.\nFalling short of the first major resistance level at $16,523, Bitcoin fell back to sub-$16,000 levels. A bearish end to the week saw Bitcoin fall to $15,700 levels before wrapping up the week at $15,900 levels.\n3 days in the green that included a 3.74% rally on Thursday delivered the upside for the week.\nBitcoin would need to avoid a fall through $15,762 pivot to support a run the first major resistance level at $16,684.\nSupport from the broader market would be needed for Bitcoin to break out from last week’s high $16,481.0.\nBarring an extended crypto rally, the first major resistance level would likely cap any upside.\nIn the event of another breakout, Bitcoin could test resistance at $17,500 before any pullback. The second major resistance level sits at $17,402.\nFailure to avoid a fall through the $15,762 pivot would bring the first major support level at $15,044 into play.\nBarring an extended sell-off, however, Bitcoin should steer clear of sub-$15,000 support levels. The second major support level sits at $14,122.\nAt the time of writing, Bitcoin was up by 0.24% to $16,003.0. A mixed start to the week saw Bitcoin fall to an early Monday morning low $15,874.0 before rising to a high $16,043.0.\nBitcoin left the major support and resistance levels untested at the start of the week.\nLitecoin rose by 2.28% in the week ending 15thNovember. Following on from a 9.5
**Last 60 Days of Bitcoin's Closing Prices:**
[10948.99, 10944.59, 11094.35, 10938.27, 10462.26, 10538.46, 10246.19, 10760.07, 10692.72, 10750.72, 10775.27, 10709.65, 10844.64, 10784.49, 10619.45, 10575.97, 10549.33, 10669.58, 10793.34, 10604.41, 10668.97, 10915.69, 11064.46, 11296.36, 11384.18, 11555.36, 11425.90, 11429.51, 11495.35, 11322.12, 11358.10, 11483.36, 11742.04, 11916.33, 12823.69, 12965.89, 12931.54, 13108.06, 13031.17, 13075.25, 13654.22, 13271.29, 13437.88, 13546.52, 13781.00, 13737.11, 13550.49, 13950.30, 14133.71, 15579.85, 15565.88, 14833.75, 15479.57, 15332.32, 15290.90, 15701.34, 16276.34, 16317.81, 16068.14, 15955.59]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2020-11-16
**Financial & Commodity Data:**
- Gold Closing Price: $1887.30
- Crude Oil Closing Price: $41.34
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $295,403,741,953
- Hash Rate: 135534841.86269382
- Transaction Count: 311477.0
- Unique Addresses: 681273.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.90
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: As the presidential election in the United States looms, investors are rushing to safe haven assets like Gold and Bitcoin as the market prepares for uncertainty, according to a precious metals specialist. In what is being one of the most polarising elections in US history, president Donald Trump will take on Democrat hopeful Joe Biden on November 3. A negative reaction to the result in traditional markets will increase demand for safe haven assets like gold and Bitcoin, although it must be stated that Bitcoin has shown signs of correlation with the stock market in 2020. Andrew Maguire, precious metals specialist at Kinesis , said: “Potential outcomes of the upcoming US elections are driving safe-haven demand. Uncertainty around factors such as candidates’ regulatory and tax policies could spark negative reactions from traditional market players, driving more investors towards gold and silver. U.S. Futures Rise on Stimulus Hope; Bonds Fall: Markets Wrap. We see nothing big coming before US election! Don’t get trapped #SPX #GOLD #SILVER https://t.co/NadJ98Epeb — Ravi (@BullvsBears) October 19, 2020 “Elsewhere, market volatility has been exacerbated recently when President Trump tested positive for COVID-19. With the gold price rising following the black swan event, we expect gold to gain strength amid such uncertainty.” Both Trump and Biden have remained fairly impartial and diplomatic on the topic of cryptocurrencies, but with increased attention surrounding global CBDCs and institutional inflow into Bitcoin, the two candidates may be forced into taking a strategic approach next term. At the time of writing Bitcoin is trading 191.22% higher than its yearly low at $11,672, while gold is forming a bullish pennant at $1,909, which was its previous all-time high dating back to 2011. For more news, guides and cryptocurrency analysis, click here ....
- Reddit Posts (Sample): [['u/mudnut', "Bitcoin gave me opportunity like I've never had", 89, '2020-11-16 00:06', 'https://www.reddit.com/r/Bitcoin/comments/juvln5/bitcoin_gave_me_opportunity_like_ive_never_had/', "Look im not usually the type of guy to post some heart felt shit on reddit, but btc really changed my life ladies and gents. I've known about btc for quite a while, somewhere around 2012 my buddy used to mine it and I thought oh thats cool and moved on. Flash forward years later I watched what happened in 2017 and started doing research. When it crashed from 2017s peak I wanted to buy some so bad, but I have been poor literally my entire adult life. I started working in social work in my early 20s, specifically in rehabs and addiction treatment centers. I worked in ethical ones and never was able to really pull ahead financially. Anyways, I landed a good job in 2019 after years of grinding and around the same time stumbled into a small sum of money (literally massive amount to me but small comparitively.) I started researching btc again because the gains caught my eye but the tech and ideology made a believer out of me. Anyways covid hit and btc dumped to around 4k and I committed as big as I could. I had to cash some out recently (don't trip im still holding id never sell it all lol) to buy my girlfriend of five years a ring. We've been together almost five years and has had my back on everything thick and thin. She used to help me out when I didn't have enough to pay the bills, and thanks to bitcoin I was finally able to afford to give her a ring that she absolutely loves. On top of that, btc has also given me the ability to buy that ring, and still be financially stable! I'll keep dcaing and hope to get the amount of btc back, but God damn did it feel good to be able to, finally after years of waiting, gain financial independence and give her the gift she deserves. Here's to future hodling yall.", 'https://www.reddit.com/r/Bitcoin/comments/juvln5/bitcoin_gave_me_opportunity_like_ive_never_had/', 'juvln5', [['u/PedanticRomantic1', 13, '2020-11-16 00:44', 'https://www.reddit.com/r/Bitcoin/comments/juvln5/bitcoin_gave_me_opportunity_like_ive_never_had/gcfurb7/', 'Nice to hear man. Bitcoin has done the same for me. I started buying in March of this year and haven’t sold any yet. Good luck and keep stacking.', 'juvln5'], ['u/Davis_hudson', 45, '2020-11-16 00:45', 'https://www.reddit.com/r/Bitcoin/comments/juvln5/bitcoin_gave_me_opportunity_like_ive_never_had/gcfuu38/', 'Bitcoin change my life too.\nMy late wife introduced bitcoin to me,I’m glad I had her', 'juvln5'], ['u/mudnut', 22, '2020-11-16 02:09', 'https://www.reddit.com/r/Bitcoin/comments/juvln5/bitcoin_gave_me_opportunity_like_ive_never_had/gcg4he9/', "I'm sorry for your loss man, im glad you had her too.", 'juvln5'], ['u/Sarge54', 10, '2020-11-16 05:10', 'https://www.reddit.com/r/Bitcoin/comments/juvln5/bitcoin_gave_me_opportunity_like_ive_never_had/gcgosc1/', 'Great job! I lived in pay check to pay check poverty from my early twenties to about 35. I made my money from real estate, scraping up enough for a down payment and selling at the top of the market before the last crash. House tripled in value. We then moved to a less expensive part of the country which is now the fastest growing and bought three houses outright. All of which have now doubled in value and we rent two out. I’m pretty new to bitcoin. I’ve always liked precious metals but bitcoin is something I wish I would have taken more seriously years ago. But I’m in now. I love hearing stories like yours.', 'juvln5']]], ['u/[deleted]', 'Bitcoin and the "Great Reset"', 13, '2020-11-16 00:43', 'https://www.reddit.com/r/Bitcoin/comments/juw77h/bitcoin_and_the_great_reset/', 'What is bitcoin and crypto’s role in “The Great Reset” ?', 'https://www.reddit.com/r/Bitcoin/comments/juw77h/bitcoin_and_the_great_reset/', 'juw77h', [['u/TheGreatMuffin', 25, '2020-11-16 00:54', 'https://www.reddit.com/r/Bitcoin/comments/juw77h/bitcoin_and_the_great_reset/gcfvu04/', '> What is bitcoin and crypto’s role in “The Great Reset” ? \n\nTo keep chugging on with a block every ten minutes, without anyone being able to stop it, or to dilute its fixed, predictable, verifiable monetary production. \n\nedit: speaking purely about bitcoin here.', 'juw77h'], ['u/Leading_Zeros', 17, '2020-11-16 02:01', 'https://www.reddit.com/r/Bitcoin/comments/juw77h/bitcoin_and_the_great_reset/gcg3ivl/', 'When politicians start to use the word reset, it means they are going to steal your money. Bitcoin stops that.', 'juw77h']]], ['u/Dbrandona', 'Sell stocks for Bitcoin?', 18, '2020-11-16 01:55', 'https://www.reddit.com/r/Bitcoin/comments/juxci2/sell_stocks_for_bitcoin/', 'Should I liquidate my stocks, ($5,000 roughly) and buy Bitcoin instead? Money has been super tight since the pandemic hit. I feel like I’m against the ropes, and am in need of a Hail Mary. Any advice is welcome! Thanks in advance', 'https://www.reddit.com/r/Bitcoin/comments/juxci2/sell_stocks_for_bitcoin/', 'juxci2', [['u/ybobkrap40', 37, '2020-11-16 02:01', 'https://www.reddit.com/r/Bitcoin/comments/juxci2/sell_stocks_for_bitcoin/gcg3lbu/', 'The truth is, the more you need the money, the less risk you should take with it. If you follow that, you will have better outcomes on average. It’s human nature to do the opposite.', 'juxci2'], ['u/jessedma', 12, '2020-11-16 02:17', 'https://www.reddit.com/r/Bitcoin/comments/juxci2/sell_stocks_for_bitcoin/gcg5gby/', 'Bitcoin is not a get rich scheme. Only invest what you can afford to lose.', 'juxci2'], ['u/iowajustin', 11, '2020-11-16 03:24', 'https://www.reddit.com/r/Bitcoin/comments/juxci2/sell_stocks_for_bitcoin/gcgd8lb/', 'Exactly this. High risk investments are great for long term, terrible if you need the money very soon.', 'juxci2'], ['u/switchitoffbros', 21, '2020-11-16 03:34', 'https://www.reddit.com/r/Bitcoin/comments/juxci2/sell_stocks_for_bitcoin/gcgef4b/', 'Buy only if:\n\n1. You can live without the money now and for the next 2 years \n2. If you lost it all, you won’t die\n3. If you won’t get a panic attack and sell if it dips by 50%', 'juxci2']]], ['u/AutoModerator', '[Daily Discussion] Monday, November 16, 2020', 63, '2020-11-16 05:05', 'https://www.reddit.com/r/BitcoinMarkets/comments/jv074i/daily_discussion_monday_november_16_2020/', "**Thread topics include, but are not limited to:**\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\n**Thread guidelines:**\n\n* **Be excellent to each other.**\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n**Other ways to interact:**\n\n* [Get an invite](https://join.slack.com/t/reddit-bitcoinmarkets/shared_invite/enQtNjM1NTg3ODgwODUzLTQ2NjZjYjYxMWExZmZmMWY0MDNlN2JlM2RhZmM0NWY1YzY1MDlkOTMyNWFjNTZjYTg1ZDM2YmEwMWRkZjIwYjM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)\n* Set your flair to trade pretend money in [the Flair Game](https://coinsight.org/flairgame)\n* Weekly threads: [Newbie Mondays](http://www.reddit.com/r/BitcoinMarkets/search?q=newbie+monday&sort=new&restrict_sr=on&t=all) and [Fundamentals Fridays](http://www.reddit.com/r/BitcoinMarkets/search?q=fundamentals+friday&sort=new&restrict_sr=on&t=all)\n* Altcoins Discussion: [Altcoin Discussion](http://www.reddit.com/r/BitcoinMarkets/search?q=altcoin+discussion&sort=new&restrict_sr=on&t=all)", 'https://www.reddit.com/r/BitcoinMarkets/comments/jv074i/daily_discussion_monday_november_16_2020/', 'jv074i', [['u/Damien_Targaryen', 38, '2020-11-16 06:11', 'https://www.reddit.com/r/BitcoinMarkets/comments/jv074i/daily_discussion_monday_november_16_2020/gcgu9ym/', '[Bitcoin Digital Gold Of 21st Century, Says CitiBank Report](https://www.investing.com/analysis/bitcoins-price-action-rhymes-with-1970-gold-markets-says-citibank-200544659)\n\n“Fitzpatrick did not stop there; his price prediction chart sees Bitcoin price at $318,000 by December 2021.”\n\nWtf they must be high on hopium when doing the report', 'jv074i'], ['u/AKANotAValidUsername', 16, '2020-11-16 06:16', 'https://www.reddit.com/r/BitcoinMarkets/comments/jv074i/daily_discussion_monday_november_16_2020/gcguqpz/', "its almost as if citi is... selling something\n\n<rant> edit: just to be clear, I think that chart is kinda garbage. You have an ever decreasing log slope from trough to peak for 3 cycles and a clear pattern, and for whatever reason (read: marketing team) they replicate the slope from last year and target 300k in 1 year. they have to know thats bullshit (if the slope lessens on pattern its more like 120k)... unless we have a really stellar expansion of capital in 2021 and a massive influx of fiat to this market and a shortage of whale coins, etc. and theres none of that in this report. ive seen better squiggles on tradingview, and they seem to let anyone publish anything if you just draw some triangles and write terms like 'upside' and 'resistance'. </rant>", 'jv074i'], ['u/Upvote_Me_Slag', 18, '2020-11-16 06:21', 'https://www.reddit.com/r/BitcoinMarkets/comments/jv074i/daily_discussion_monday_november_16_2020/gcgv5wd/', 'Lol. Citibank say btc worth more than all gold in 12 months! Is this a Simpsons episode we are living in?', 'jv074i'], ['u/satoshisbitcoin', 28, '2020-11-16 06:35', 'https://www.reddit.com/r/BitcoinMarkets/comments/jv074i/daily_discussion_monday_november_16_2020/gcgw8qp/', '6 weekly green candles in a row. I know people look at that and think it means a correction is due (and it often is), but the start of 6 or more weekly green candles in a row in the past indicated the start of a long bull market.', 'jv074i'], ['u/krom1985', 16, '2020-11-16 06:56', 'https://www.reddit.com/r/BitcoinMarkets/comments/jv074i/daily_discussion_monday_november_16_2020/gcgxwi1/', 'Username checks out.', 'jv074i'], ['u/[deleted]', 10, '2020...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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17645.41, 17804.01, 17817.09, 18621.31, 18642.23, 18370.00, 18364.12, 19107.46, 18732.12, 17150.62
|
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Twitter has named a new head of security a few months after the website had to deal with the Bitcoin hack that compromised a number of high-profile accounts. The company hired Peiter Zatko, more widely known by his hacker name “Mudge,” to lead its security efforts. According to CNBC , he’s expected to take over after a 45- to 60-day review of the platform’s current measures and practices, and he’ll report directly to CEO Jack Dorsey. Mudge used to work on security research for Google’s Advanced Technologies and Projects Group. Before that, he worked for DARPA where he oversaw several programs, including one focused on detecting cyber espionage. He also created the framework that the Defense Department used to research areas and investments to pursue when it comes to cybersecurity. More recently, he served as head of security at electronic payments service Stripe. Looks like the cat is out of the bag. I’m very excited to be joining the executive team at Twitter! I truly believe in the mission of (equitably) serving the public conversation. I will do my best! https://t.co/ZQkhYTXLQZ — Mudge (@dotMudge) November 16, 2020 In an interview with CNBC , Mudge said he will examine Twitter’s "information security, site integrity, physical security, platform integrity -- which starts to touch on abuse and manipulation of the platform -- and engineering." Based on the additional details he told the news organization, he’ll also work on improving public conversations on Twitter and will be implementing some unconventional security approaches. He said he appreciates Twitter’s openness to his unusual methods, including his proposal to confuse bad actors by manipulating the data they may get from the platform on how users interact with posts. Twitter suffered a massive breach last July that saw hackers take over some of the most prominent accounts on the website, including Barack Obama’s, Joe Biden’s, Elon Musk’s, Bill Gates’, Uber’s, Apple’s and Kanye West’s. The attackers then posted a call for Bitcoin donations using the accounts they hijacked. According to the company, the hackers targeted some of its employees with access to its internal systems and tools and used social engineering to gain entry with their credentials. The 17—year—old from Tampa that was eventually arrested for the attack previously got caught for stealing hundreds of thousands of dollars worth of Bitcoins. Former Facebook chief security officer Alex Stamos told CNBC that “the data breach this summer was an important reminder of how far Twitter needs to go in building some of the basic security functions necessary to run a service targeted by adversaries much more skilled than the teenagers arrested for that incident.” He also said that Mudge is perfect for the role, seeing as Twitter doesn’t have the money bigger companies like Google do and needs to “find creative solutions to these problems” This article contains affiliate links; if you click such a link and make a purchase, we may earn a commission. View comments', 'Twitter has named a new head of security a few months after the website had to deal with theBitcoin hackthatcompromiseda number of high-profile accounts. The company hired Peiter Zatko, more widely known by his hacker name “Mudge,” to lead its security efforts. According toCNBC, he’s expected to take over after a 45- to 60-day review of the platform’s current measures and practices, and he’ll report directly to CEO Jack Dorsey.\nMudge used to work on security research for Google’s Advanced Technologies and Projects Group. Before that, he worked for DARPA where he oversaw several programs, including one focused on detecting cyber espionage. He also created the framework that the Defense Department used to research areas and investments to pursue when it comes to cybersecurity. More recently, he served as head of security at electronic payments service Stripe.\nIn an interview withCNBC, Mudge said he will examine Twitter’s "information security, site integrity, physical security, platform integrity -- which starts to touch on abuse and manipulation of the platform -- and engineering." Based on the additional details he told the news organization, he’ll also work on improving public conversations on Twitter and will be implementing some unconventional security approaches. He said he appreciates Twitter’s openness to his unusual methods, including his proposal to confuse bad actors by manipulating the data they may get from the platform on how users interact with posts.\nTwitter suffered a massive breach last July that saw hackers take over some of the most prominent accounts on the website, including Barack Obama’s, Joe Biden’s, Elon Musk’s, Bill Gates’, Uber’s, Apple’s and Kanye West’s. The attackers then posted a call for Bitcoin donations using the accounts they hijacked. According to the company, the hackerstargetedsome of its employees with access to its internal systems and tools andused social engineeringto gain entry with their credentials. The 17—year—old from Tampa that was eventuallyarrestedfor the attack previously got caught for stealing hundreds of thousands of dollars worth of Bitcoins.\nFormer Facebook chief security officer Alex Stamos told CNBC that “the data breach this summer was an important reminder of how far Twitter needs to go in building some of the basic security functions necessary to run a service targeted by adversaries much more skilled than the teenagers arrested for that incident.” He also said that Mudge is perfect for the role, seeing as Twitter doesn’t have the money bigger companies like Google do and needs to “find creative solutions to these problems”', "The cryptocurrency and banking worlds continue to draw closer together with digital asset custodian Anchorage seeking a national charter from the U.S. Office of the Comptroller of the Currency.\nThe startup’s trust company unit, based in South Dakota, has applied to the OCC to convert to a national bank, according to anoticedated Nov. 9 and posted to the federal regulator’s website.\nThe notice contains little else in the way of detail, except that Anchorage is represented by Dana Syracuse of the law firm Perkins Coie. Syracuse is a former general counsel of the New York Department of Financial Services and helped that agency draft its landmark BitLicense regulation.\nRelated:Robinhood Gearing Up for Potential IPO in Early 2021: Report\nThis year Kraken, a crypto exchange, became the first such business toobtain a U.S. banking license, albeit a special-purpose one from Wyoming (the same kind obtained by digital asset startupAvanti). If its application is approved, Anchorage would be the first crypto company to get a national bank charter, explicitly allowing it to do business in all 50 states.\nA banking charter would give Anchorage the clear authority to act as a “qualified custodian” for institutional investors under Securities and Exchange Commission (SEC) rules. Most crypto custody firms in the U.S. have trust company licenses, but the SECsignaledlast week that it is unsure whether such entities, regulated at the state level and less stringently than banks, make the cut as qualified custodians.\nAnchorage’s application also comes at a time when the OCC, an agency that has existed since the Civil War, may be unusually receptive to such requests. Brian Brooks, the acting comptroller since May, is a former chief legal officer for the Coinbase exchange and has been notably focused on clearing the way for banks to participate in the crypto market – so much so that he was recentlycriticized by lawmakersfor spending so much time on this niche during a pandemic.\nIn July, for example, Brooks’ agencyissued a letterclearing the way for national banks to safeguard private cryptographic keys for digital currency wallets, a business that until now has been the province of specialist firms like Anchorage.\nRelated:China's Crypto Miners Struggle to Pay Power Bills as Regulators Clamp Down on OTC Desks\nRead more:Crypto Custodian Anchorage Gets SOC 1 Security Certification With Big 4 Auditor EY\n“Anchorage is encouraged by the recent positive progress out of the OCC with respect to regulatory clarity around custody of digital assets,” Nathan McCauley, Anchorage’s co-founder and CEO, said in a Telegram message. “We are interested in obtaining an OCC charter as a way to better serve the emerging needs of large banks looking to integrate crypto to bring the benefits of Bitcoin and other digital assets to their client base.”\n• Custodian Anchorage Seeks Charter From Crypto-Friendly US Bank Regulator OCC\n• Custodian Anchorage Seeks Charter From Crypto-Friendly US Bank Regulator OCC", "The cryptocurrency and banking worlds continue to draw closer together with digital asset custodian Anchorage seeking a national charter from the U.S. Office of the Comptroller of the Currency. The startup\x92s trust company unit, based in South Dakota, has applied to the OCC to convert to a national bank, according to a notice dated Nov. 9 and posted to the federal regulator\x92s website. The notice contains little else in the way of detail, except that Anchorage is represented by Dana Syracuse of the law firm Perkins Coie. Syracuse is a former general counsel of the New York Department of Financial Services and helped that agency draft its landmark BitLicense regulation. Related: Robinhood Gearing Up for Potential IPO in Early 2021: Report This year Kraken, a crypto exchange, became the first such business to obtain a U.S. banking license , albeit a special-purpose one from Wyoming (the same kind obtained by digital asset startup Avanti ). If its application is approved, Anchorage would be the first crypto company to get a national bank charter, explicitly allowing it to do business in all 50 states. A banking charter would give Anchorage the clear authority to act as a \x93qualified custodian\x94 for institutional investors under Securities and Exchange Commission (SEC) rules. Most
**Last 60 Days of Bitcoin's Closing Prices:**
[10944.59, 11094.35, 10938.27, 10462.26, 10538.46, 10246.19, 10760.07, 10692.72, 10750.72, 10775.27, 10709.65, 10844.64, 10784.49, 10619.45, 10575.97, 10549.33, 10669.58, 10793.34, 10604.41, 10668.97, 10915.69, 11064.46, 11296.36, 11384.18, 11555.36, 11425.90, 11429.51, 11495.35, 11322.12, 11358.10, 11483.36, 11742.04, 11916.33, 12823.69, 12965.89, 12931.54, 13108.06, 13031.17, 13075.25, 13654.22, 13271.29, 13437.88, 13546.52, 13781.00, 13737.11, 13550.49, 13950.30, 14133.71, 15579.85, 15565.88, 14833.75, 15479.57, 15332.32, 15290.90, 15701.34, 16276.34, 16317.81, 16068.14, 15955.59, 16716.11]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2020-11-17
**Financial & Commodity Data:**
- Gold Closing Price: $1884.50
- Crude Oil Closing Price: $41.43
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $309,320,199,790
- Hash Rate: 137334450.8705656
- Transaction Count: 347772.0
- Unique Addresses: 770689.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.86
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: The general public finally came to know cryptocurrency during its latest boom cycle in December 2017. Bitcoin prices had surged from under $2,000 in July 2017 to nearly $20,000. The world was introduced to the crypto millionaire, the millennial nerd who rolled the dice on Bitcoin early and now roamed the streets in a Lamborghini. Everybody wanted in on the action, but when the bubble burst, the carnage lined the streets. You don't have to have a gambler’s risk tolerance or be a cryptocurrency expert to profit from the boom in Bitcoin, Ethereum, Litecoin and others. You don't even have to believe in the long-term sustainability of any of these coins. You just have to recognize the game and figure out a way to profit from the underlying technology. That underlying technology, which powers every cryptocurrency on Earth, is the blockchain. If you've been paying attention to the headlines, you'll see that central banks and major retail banks alike have changed their tune about cryptocurrencies. Initially, they scoffed and called them irrelevant. But recently, the discussion has shifted and now they are acknowledging the threat cryptocurrencies cause to their businesses. What they're really saying is that blockchain is revolutionizing the way we account for data. It has already been several months since Facebook proposed Libra coin. PayPal’s recent announcement giving customers the ability to buy and sell crypto is the latest big crypto news from a publicly traded company. This only adds to the legitimization of cryptocurrency as an asset class. Nowadays, crypto is not a pie-in-the-sky idea, it’s a major financial asset which poses a significant threat to traditional payments businesses. What is the Blockchain? In the digital world, a block is a digital list of records, acting as a ledger that can contain information of any kind. When these blocks are linked together, they are secured by cryptography to form the blockchain. This blockchain is an unforgeable record of all the transactions that is replicated on every computer on the network. If information in a new block can't be verified by all the other blocks in the chain, it is discarded. In the case of the top cryptocurrencies, a currency's network consists of millions and millions of computers all over the world. This makes it unhackable, as a hacker would need to hack all that computing power simultaneously, a seemingly impossible task. Continued . . . ------------------------------------------------------------------------------------------------------ 10X Bigger Than the Internet Zacks targets big gains from the innovative businesses behind blockchain – the emerging "Internet of Money." As this technology grows an estimated +1,300% by 2023, shareholders in these companies could make life-changing gains without speculating on volatile cryptocurrencies. According to government sources, blockchain technology is "10 times more valuable than the internet." And just like the early days of internet stocks, the profit potential is tremendous. This is your chance to see our top picks to tap this phenomenon. See our blockchain stocks now >> ------------------------------------------------------------------------------------------------------ I already know I've lost some people, but please stay with me. At this point the question within this topic is typically: What does blockchain have to do with currency? Everything. But to understand we have to separate our thought of cryptos from traditional fiat currency. While fiat currency is used to buy cryptocurrency, once bought, cryptos stand on their own. In addition, the smart contract (more on this later) aspect allows cryptos to be much more than an exchange of cash, they are an exchange of value. In a sense, these currencies are the "Internet of Value". To simplify, the blockchain is a public registry of assets and transactions that tells us who owns what. These transactions are often referred to as smart contracts, as they are recording a contract between two people, whether it be a transfer of currency, or a good or service. You can see how this new innovation could be disruptive to traditional businesses out there. Rather than lament this potential disruption, you are in the unique position to profit from it. How you ask? By investing in the various areas of the market where the blockchain is making noise. There are several different angles here. The "Picks and Axes": During the gold rush, the ones who really got rich were the ones selling the picks and axes. That is, the companies which provided the tools for the speculators to go out and try to find their fortunes. In the cryptocurrency world, this refers to the companies which make the chips and hardware used for mining operations. Consulting: There will be a wave of companies looking for ways to incorporate blockchain technology into their existing businesses. Already, large consulting companies are beginning to offer services helping companies to integrate the new tech. Cloud Infrastructure: No other industry has been as dependent on the cloud for its development as blockchain has. The need to distribute a ledger across the world, with no centralized ownership or authority overseeing transactions plays into the strengths of the cloud. Companies which offer cloud-based hosting may suffer, while those which help facilitate this decentralized network will benefit greatly. Payment Processing: Among the most disruptive industries for blockchain is payment processing. Rather than your traditional financial intermediary, blockchain technology allows for a distributed, open, public ledger where transactions are confirmed by other nodes in the chain for a fee that's much smaller than your typical fees coming from more traditional processors. Lending: We are just at the tip of the iceberg here on lending. Blockchain tech is perfect for lending, allowing lenders to spread their risk across thousands of loans in an instant, no matter the size of the lender. Trading Floors: The legitimization of bitcoin continues as futures contracts have started trading on two large exchanges in the US. Miners: The miners are the most important part of any blockchain and likely the most misunderstood. Miners confirm transactions from node to node by solving the cryptographic problem and are then rewarded in units of the cryptocurrency. Already we are seeing companies which "mine" cryptocurrency publicly traded. These companies mine the currency then immediately sell them on the open market and pass through the gains to shareholders. Think of them as you would a pipeline company in the energy sector. These companies are small now but could become much larger in time. Investors/BDC: Some publicly traded companies are acting as incubators for other budding cryptocurrencies. We talk bitcoin a lot but there are over 1,300 other cryptocurrencies in the world. These investors and business development companies invest in promising crypto companies before they hit the mainstream. ETFs: Already there are ETFs which buy stocks with blockchain exposure, however, soon there will be officially regulated ETFs for bitcoin and Ethereum. These ETFs will move dollar for dollar with an index, not trade at huge premiums to the underlying cryptocurrency like the ones available on the market today. There are many more companies on the way but how will you know how to separate the pretenders from the contenders? Which of these emerging companies will be built on solid technology and which will be gimmicks? Just like the Dot Com Bubble brought with it several names which added ".com" to their names to get in on the action, companies are adding "Blockchain" to their names, some in a very unscrupulous fashion. Bottom Line There are several ways to play the cryptocurrency boom without exposing yourself to the same downside volatility. By spreading your investment across several aspects of the blockchain, diversification can help smooth your returns. Add in the proven strength of the Zacks Rank and our proprietary system of investing in companies with increasing earnings estimates and you have a potent one-two punch. The Time to Start Is Now At Zacks, we've been watching the blockchain phenomenon very closely. This space is projected to skyrocket from nearly $3 billion today to $40 billion by 2023. Many investors have already gotten very rich. But in my view, blockchain's most profitable days are still ahead of us. To get in to this once-in-a-lifetime opportunity, you may want to look into our portfolio, Zacks Blockchain Innovators . Right now, we're holding a selection stocks to ride the blockchain boom from different angles - from supplying chips and hardware to fintech firms and payment processing. We're aiming for big gains from solid companies. Right now, six of our positions have already generated triple-digit returns, including gains of +214%, +395% and +410%.¹ I believe these stocks still have plenty of upside left and now is a great time to capitalize on their momentum. Check out Blockchain Innovators today and you can also download our Special Report 7 Best Stocks for the Next 30 Days . Taken from the 220 Zacks Rank #1 Strong Buys, our experts hand-picked these 7 stocks as most likely to soar in the coming month. I suggest that you look into this right away. This opportunity ends Sunday, November 15 . See our Blockchain Innovators stocks now >> Wishing you great financial success, Dave Bartosiak Dave is Zacks' resident technical and momentum expert. A successful early crypto investor, he selects stocks and delivers exclusive commentary for Blockchain Innovators . ¹ As of 11/09/2020. The results listed above are not (or may not be) representative of the performance of all selections made by Zacks Investment Research's newsletter editors and may represent the partial close of a position. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. ...
- Reddit Posts (Sample): [['u/[deleted]', 'I’m a Bitcoin bull. Should I go all in?', 13, '2020-11-17 02:53', 'https://www.reddit.com/r/Bitcoin/comments/jvk7b1/im_a_bitcoin_bull_should_i_go_all_in/', 'I understand the importance of Bitcoin and I’m smart enough to recognize the mass adoption yet to come. Anybody paying attention to the news can see we’re just getting started. I have some liquid in my investment account and I’m thinking of putting it in Bitcoin. I’ve been putting money in consistently for about a year but now I’m thinking about going all in. Any thoughts?', 'https://www.reddit.com/r/Bitcoin/comments/jvk7b1/im_a_bitcoin_bull_should_i_go_all_in/', 'jvk7b1', [['u/hunnerk1999', 24, '2020-11-17 02:55', 'https://www.reddit.com/r/Bitcoin/comments/jvk7b1/im_a_bitcoin_bull_should_i_go_all_in/gckevlh/', 'is it ever a smart decision to go “all in” on something?', 'jvk7b1']]], ['u/Vigilias', 'From what I can gather there are 120k investment firms and 30k banks world wide.', 22, '2020-11-17 04:38', 'https://www.reddit.com/r/Bitcoin/comments/jvlu9s/from_what_i_can_gather_there_are_120k_investment/', "Which only leaves 1400 bitcoin total per financial institution, never mind what's been lost or what individuals own.", 'https://www.reddit.com/r/Bitcoin/comments/jvlu9s/from_what_i_can_gather_there_are_120k_investment/', 'jvlu9s', [['u/DajZabrij', 11, '2020-11-17 11:00', 'https://www.reddit.com/r/Bitcoin/comments/jvlu9s/from_what_i_can_gather_there_are_120k_investment/gcli72k/', '21m / 150k = 140, not 1400', 'jvlu9s']]], ['u/AutoModerator', '[Daily Discussion] Tuesday, November 17, 2020', 87, '2020-11-17 05:05', 'https://www.reddit.com/r/BitcoinMarkets/comments/jvm8bn/daily_discussion_tuesday_november_17_2020/', "**Thread topics include, but are not limited to:**\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\n**Thread guidelines:**\n\n* **Be excellent to each other.**\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n**Other ways to interact:**\n\n* [Get an invite](https://join.slack.com/t/reddit-bitcoinmarkets/shared_invite/enQtNjM1NTg3ODgwODUzLTQ2NjZjYjYxMWExZmZmMWY0MDNlN2JlM2RhZmM0NWY1YzY1MDlkOTMyNWFjNTZjYTg1ZDM2YmEwMWRkZjIwYjM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)\n* Set your flair to trade pretend money in [the Flair Game](https://coinsight.org/flairgame)\n* Weekly threads: [Newbie Mondays](http://www.reddit.com/r/BitcoinMarkets/search?q=newbie+monday&sort=new&restrict_sr=on&t=all) and [Fundamentals Fridays](http://www.reddit.com/r/BitcoinMarkets/search?q=fundamentals+friday&sort=new&restrict_sr=on&t=all)\n* Altcoins Discussion: [Altcoin Discussion](http://www.reddit.com/r/BitcoinMarkets/search?q=altcoin+discussion&sort=new&restrict_sr=on&t=all)", 'https://www.reddit.com/r/BitcoinMarkets/comments/jvm8bn/daily_discussion_tuesday_november_17_2020/', 'jvm8bn', [['u/magic-window', 12, '2020-11-17 05:13', 'https://www.reddit.com/r/BitcoinMarkets/comments/jvm8bn/daily_discussion_tuesday_november_17_2020/gcktu0r/', "First time bitcoin's spent a week above $15K since Dec 2017. Neat!", 'jvm8bn'], ['u/Tunnzen', 13, '2020-11-17 05:38', 'https://www.reddit.com/r/BitcoinMarkets/comments/jvm8bn/daily_discussion_tuesday_november_17_2020/gckw89n/', 'Secret mission issued by Elon Musk to SpaceX to take us to the moon!\n\nhttps://twitter.com/elonmusk/status/1328458535340949505?s=21\n\nJokes aside from what little information I’ve seen so far the wide majority’s opinions is that hedge fund money is gradually starting to take more part of the market, also large accumulation of bitcoins by Grayscale over the past week by more then $300M is a worthy notice.\nThere’s a big opinion shift on bitcoin from the last time we were rallying like this.\nLooks like the last 2 months of 2020 are going to be exciting for us.', 'jvm8bn'], ['u/Tunnzen', 20, '2020-11-17 05:39', 'https://www.reddit.com/r/BitcoinMarkets/comments/jvm8bn/daily_discussion_tuesday_november_17_2020/gckwbzz/', 'She played Arya Stark in Game of Thrones.', 'jvm8bn'], ['u/TheGinFreecss', 24, '2020-11-17 05:46', 'https://www.reddit.com/r/BitcoinMarkets/comments/jvm8bn/daily_discussion_tuesday_november_17_2020/gckx0dk/', 'Changing my thesis. Thought a dip would happen but i just dont see it. This is the healthiest rise weve seen in a long time. While alts start to catch up btc is gearin for what i think could be a moonshot. Now 95% in. Will save the last 5% for a small dip in the 13 or 14ks. I am bull af but thats just me.', 'jvm8bn'], ['u/krom1985', 34, '2020-11-17 06:25', 'https://www.reddit.com/r/BitcoinMarkets/comments/jvm8bn/daily_discussion_tuesday_november_17_2020/gcl0b9m/', "For those expecting 30-40% pullbacks; *if* the institutional/hedge fund money really is coming into the space right now as recent indicators would show, then pullbacks of that magnitude aren’t going to happen.\n\nIt made sense in the 16/17 bull run as there was less liquidity and little to no big money coming in. There’s no way big money will wait for a correction that size, and demand will not allow for it. Look at what happens with the S&P for example.\n\nThat might explain why the dip from high $13ks stopped around $13k, and this recent dip from $16.4 was gobbled up at $15.7k.\n\nIf everyone’s waiting for $12k, it’ll likely never get there.\n\nEdit: For those cerebrally challenged; I'm not saying there will be *no* pullbacks. Just that those pullbacks may be more 5-15% pullbacks akin to markets with greater liquidity, compared to Bitcoin 16/17.", 'jvm8bn'], ['u/hajjidamus', 21, '2020-11-17 06:29', 'https://www.reddit.com/r/BitcoinMarkets/comments/jvm8bn/daily_discussion_tuesday_november_17_2020/gcl0m7h/', 'Hmmm... Sounds like a new paradigm to me.', 'jvm8bn'], ['u/Tunnzen', 22, '2020-11-17 06:40', 'https://www.reddit.com/r/BitcoinMarkets/comments/jvm8bn/daily_discussion_tuesday_november_17_2020/gcl1i83/', '״ Bitcoin’s Gunning for a Record and No One’s Talking About It״\n\nhttps://www.bloomberg.com/news/articles/2020-11-16/bitcoin-s-gunning-for-a-record-and-no-one-s-talking-about-it?srnd=technology-vp', 'jvm8bn'], ['u/Buckyboycoin', 18, '2020-11-17 06:55', 'https://www.reddit.com/r/BitcoinMarkets/comments/jvm8bn/daily_discussion_tuesday_november_17_2020/gcl2mrp/', 'Thought you went short @ 15900 in last weekend?', 'jvm8bn'], ['u/DarthVarn', 20, '2020-11-17 07:10', 'https://www.reddit.com/r/BitcoinMarkets/comments/jvm8bn/daily_discussion_tuesday_november_17_2020/gcl3t0e/', 'Wall Street Bonuses\n\nChinese New Year\n\nWhere have I heard this before....maybe THIS time...', 'jvm8bn'], ['u/Dreadnought37', 11, '2020-11-17 07:21', 'https://www.reddit.com/r/BitcoinMarkets/comments/jvm8bn/daily_discussion_tuesday_november_17_2020/gcl4kwh/', 'This sustained rise from 12k with *no* real pullback has me mystified. I totally would have expected a drop to like 14 by now and then a continuation upwards \n\nIt makes me want to buy, but in a much more very real sense it makes me want to wait 🤔', 'jvm8bn'], ['u/bookposting5', 26, '2020-11-17 08:38', 'https://www.reddit.com/r/BitcoinMarkets/comments/jvm8bn/daily_discussion_tuesday_november_17_2020/gcl9wdo/', "$16736 right now on Bitfinex. It's only ever been higher than this for 10 crazy days in 2017.", 'jvm8bn'], ['u/satoshisbitcoin', 20, '2020-11-17 08:48', 'https://www.reddit.com/r/BitcoinMarkets/comments/jvm8bn/daily_discussion_tuesday_november_17_2020/gclajd9/', 'It also has never traded as stable at $16k before, ever. The brief time in 2017 was wild leveraged trading whipsaws back and forth, but now its just slow and steady.', 'jvm8bn'], ['u/Lagna85', 17, '2020-11-17 09:19', 'https://www.reddit.com/r/BitcoinMarkets/comments/jvm8bn/daily_discussion_tuesday_november_17_2020/gclchnb/', 'People waiting for pullbacks ...\nNope, Grayscale will buy them up', 'jvm8bn'], ['u/TonyTuck', 11, '2020-11-17 09:44', 'https://www.reddit.com/r/BitcoinMarkets/comments/jvm8bn/daily_discussion_tuesday_november_17_2020/gcldzwl/', "This somehow reminds me of the 2018 push from 3k to 14k when everyone was waiting for a resistance at 6k, and then when nothing happenened and we blasted through, a pullback to 6k. If I remember right it left a lot of ppl waiting at the sides in disbelief (me included).\n\nThe situation is not the same and we're more in discovery price ranges, but the sentiment of the people here feel the same.", 'jvm8bn'], ['u/thevoteaccount', 14, '2020-11-17 09:49', 'https://www.reddit.com/r/BitcoinMarkets/comments/jvm8bn/daily_discussion_tuesday_november_17_2020/gcle9nd/', "The psychological impact of whole numbers is quite interesting. We spent a whole of 30 minutes at 20k but that number has been so entrenched as the ATH in everyone's minds that no one who hasn't been paying attention can register how close we are to it at 16.7k.", 'jvm8bn'], ['u/Nagosh', 49, '2020-11-17 12:18', 'https://www.reddit.com/r/BitcoinMarkets/comments/jvm8bn/daily_discussion_tuesday_november_17_2020/gclmjwb/', 'So on this episode of "Who the fuck knows where this is going," I\'m going to once again try to make a case for a pullback/consolidation phase in the near future. I\'m currently 0/3 but we\'ll see if this one pays out, because, man, is it thrilling to play chicken with a runaway train.\n\nAnyway, looking back at the end of 2015 and throughout 2016, the 3 Day RSI rarely went above 85 and when it does we always fell back/consolidated. The current RSI is at 81, so we still have room to climb, and when that hits 85 I\'ll be putting in another short. I\'m not sure exactly how RSI is calculated so I\'m only guessing but I think it\'ll hit 85 around 17,700 to 19k, basically ATH. This matches a lot of other people\'s theories that we\'ll have a big pullback when we hit it.\n\nBecause of this, I\'m actually thinking about longing here. It\'s about 10% until this hypothetical pullback. Even...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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17804.01, 17817.09, 18621.31, 18642.23, 18370.00, 18364.12, 19107.46, 18732.12, 17150.62, 17108.40
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['In another sign of renewed exuberance in cryptocurrency markets, Grayscale Investments has broken above $10 billion in digital assets under management for the first time.\n• Disclosed Tuesday evening, the New York-based firm now oversees$10.4 billionin assets includingbitcoin,bitcoin cash,ether, horizen,ethereum classic,litecoin,stellar,XRPand zcash.\n• That’s up from $7.6 billion on Oct. 30, according to the firm’s Novemberreport.\n• Price appreciation inall cryptocurrenciesthis month is a factor behind the growth, but so are inflows: Grayscale took in$262.3 millionlast week alone, Managing Director Michael Sonnenshein tweeted Friday.\n• The assets are held across nine single-asset investment trusts and a diversified fund. Shares in these vehicles are offered directly only to accredited investors, but most of them can be publicly traded on the over-the-counter markets.\n• Grayscale is owned by Digital Currency Group, which is also the parent company of CoinDesk.\nSee also:Galaxy Digital Gets Initial Approval for New Bitcoin Fund in Canada\n• Grayscale’s Crypto Assets Under Management Break $10B\n• Grayscale’s Crypto Assets Under Management Break $10B\n• Grayscale’s Crypto Assets Under Management Break $10B\n• Grayscale’s Crypto Assets Under Management Break $10B', 'In another sign of renewed exuberance in cryptocurrency markets, Grayscale Investments has broken above $10 billion in digital assets under management for the first time. Disclosed Tuesday evening, the New York-based firm now oversees $10.4 billion in assets including bitcoin , bitcoin cash , ether , horizen, ethereum classic , litecoin , stellar , XRP and zcash. That\x92s up from $7.6 billion on Oct. 30, according to the firm\x92s November report . Price appreciation in all cryptocurrencies this month is a factor behind the growth, but so are inflows: Grayscale took in $262.3 million last week alone, Managing Director Michael Sonnenshein tweeted Friday. The assets are held across nine single-asset investment trusts and a diversified fund. Shares in these vehicles are offered directly only to accredited investors, but most of them can be publicly traded on the over-the-counter markets. Grayscale is owned by Digital Currency Group, which is also the parent company of CoinDesk. See also: Galaxy Digital Gets Initial Approval for New Bitcoin Fund in Canada Related Stories Grayscale\x92s Crypto Assets Under Management Break $10B Grayscale\x92s Crypto Assets Under Management Break $10B Grayscale\x92s Crypto Assets Under Management Break $10B Grayscale\x92s Crypto Assets Under Management Break $10B', "(Updated):Bitcoin’s price broke through $18,000 in what some experts are attributing to global events and bullish fundamentals in crypto.\nThe world’s top cryptocurrency by market capitalization reached a high of $18,062 at 03:01 UTC, a price point not seen since Dec. 16, 2017. After topping out at almost $18,500, prices dropped back below $18,000 for around two hours before crossing the level again.\nOver the past 24 hours,bitcoinhas ranged between $16,560 and $18,464.\nRelated:The Dark Future Where Payments Are Politicized and Bitcoin Wins\nBitcoin is now up 146% on a year-to-date basis and has gained nearly 70% so far this quarter, according toCoinDesk 20data.\n“A few recent events have undoubtedly had an impact,” said Antoni Trenchev, co-founder and managing partner at crypto lender Nexo. “Institutional investment by the likes ofMicroStrategyandSquare,PayPal actively shillingcrypto, and thebitcoin halvingin May” were likely causes for bitcoin’s continual rise, he said.\nOthers see global events such as COVID-19 and negative interest rates in traditional markets such as Germany as the outliers for bitcoin’s meteoric rise this year.\n“Interest rates are the most important factor in people’s decisions on where to deposit money,” said Ki Young Ju, CEO at analytics firm CryptoQuant. “I’m sure negative interest rates will drive adoption in crypto whether it’s direct purchasing crypto/index funds or using staking services.”\nRelated:First Mover: As Bitcoin Shoots Past $18K, There's Comfort in the Crowded Trade\nWhile bitcoin is fast approaching its Dec. 17, 2017, all-time high of $19,666, ether also broke new 2020 heights above $488 to stand at $489 by press time.\nSee also:Traders Brace for Major Volatility as Bitcoin Price Nears Record Highs\nAnother factor could be attributed to the easy money policies of central banks and increased government spending from some of the world’s largest economies including Europe and the U.S in recent months.\n“I think it basically comes down to monetary and fiscal policy,” said Kyle Davies, co-founder of Three Arrows Capital.\xa0 “Central banks can lower rates until they get to slightly negative, and then they have to print money.”\nAt that point, Davies maintains, central banks’ dependency on newly printed money will make “BTC attractive.”\n• Bitcoin Closes In on All-Time High as It Hits $18K\n• Bitcoin Closes In on All-Time High as It Hits $18K", "(Updated):Bitcoin’s price broke through $18,000 in what some experts are attributing to global events and bullish fundamentals in crypto.\nThe world’s top cryptocurrency by market capitalization reached a high of $18,062 at 03:01 UTC, a price point not seen since Dec. 16, 2017. After topping out at almost $18,500, prices dropped back below $18,000 for around two hours before crossing the level again.\nOver the past 24 hours,bitcoinhas ranged between $16,560 and $18,464.\nRelated:The Dark Future Where Payments Are Politicized and Bitcoin Wins\nBitcoin is now up 146% on a year-to-date basis and has gained nearly 70% so far this quarter, according toCoinDesk 20data.\n“A few recent events have undoubtedly had an impact,” said Antoni Trenchev, co-founder and managing partner at crypto lender Nexo. “Institutional investment by the likes ofMicroStrategyandSquare,PayPal actively shillingcrypto, and thebitcoin halvingin May” were likely causes for bitcoin’s continual rise, he said.\nOthers see global events such as COVID-19 and negative interest rates in traditional markets such as Germany as the outliers for bitcoin’s meteoric rise this year.\n“Interest rates are the most important factor in people’s decisions on where to deposit money,” said Ki Young Ju, CEO at analytics firm CryptoQuant. “I’m sure negative interest rates will drive adoption in crypto whether it’s direct purchasing crypto/index funds or using staking services.”\nRelated:First Mover: As Bitcoin Shoots Past $18K, There's Comfort in the Crowded Trade\nWhile bitcoin is fast approaching its Dec. 17, 2017, all-time high of $19,666, ether also broke new 2020 heights above $488 to stand at $489 by press time.\nSee also:Traders Brace for Major Volatility as Bitcoin Price Nears Record Highs\nAnother factor could be attributed to the easy money policies of central banks and increased government spending from some of the world’s largest economies including Europe and the U.S in recent months.\n“I think it basically comes down to monetary and fiscal policy,” said Kyle Davies, co-founder of Three Arrows Capital.\xa0 “Central banks can lower rates until they get to slightly negative, and then they have to print money.”\nAt that point, Davies maintains, central banks’ dependency on newly printed money will make “BTC attractive.”\n• Bitcoin Closes In on All-Time High as It Hits $18K\n• Bitcoin Closes In on All-Time High as It Hits $18K", "(Updated): Bitcoin\x92s price broke through $18,000 in what some experts are attributing to global events and bullish fundamentals in crypto. The world\x92s top cryptocurrency by market capitalization reached a high of $18,062 at 03:01 UTC, a price point not seen since Dec. 16, 2017. After topping out at almost $18,500, prices dropped back below $18,000 for around two hours before crossing the level again. Over the past 24 hours, bitcoin has ranged between $16,560 and $18,464. Related: The Dark Future Where Payments Are Politicized and Bitcoin Wins Bitcoin is now up 146% on a year-to-date basis and has gained nearly 70% so far this quarter, according to CoinDesk 20 data. \x93A few recent events have undoubtedly had an impact,\x94 said Antoni Trenchev, co-founder and managing partner at crypto lender Nexo. \x93Institutional investment by the likes of MicroStrategy and Square , PayPal actively shilling crypto, and the bitcoin halving in May\x94 were likely causes for bitcoin\x92s continual rise, he said. Others see global events such as COVID-19 and negative interest rates in traditional markets such as Germany as the outliers for bitcoin\x92s meteoric rise this year. \x93Interest rates are the most important factor in people\x92s decisions on where to deposit money,\x94 said Ki Young Ju, CEO at analytics firm CryptoQuant. \x93I\x92m sure negative interest rates will drive adoption in crypto whether it\x92s direct purchasing crypto/index funds or using staking services.\x94 Related: First Mover: As Bitcoin Shoots Past $18K, There's Comfort in the Crowded Trade While bitcoin is fast approaching its Dec. 17, 2017, all-time high of $19,666, ether also broke new 2020 heights above $488 to stand at $489 by press time. See also: Traders Brace for Major Volatility as Bitcoin Price Nears Record Highs Another factor could be attributed to the easy money policies of central banks and increased government spending from some of the world\x92s largest economies including Europe and the U.S in recent months. \x93I think it basically comes down to monetary and fiscal policy,\x94 said Kyle Davies, co-founder of Three Arrows Capital.\xa0 \x93Central banks can lower rates until they get to slightly negative, and then they have to print money.\x94 At that point, Davies maintains, central banks\x92 dependency on newly printed money will make \x93BTC attractive.\x94 Related Stories Bitcoin Closes In on All-Time High as It Hits $18K Bitcoin Closes In on All-Time High as It Hits $18K View comments", '* U.S., European stock f
**Last 60 Days of Bitcoin's Closing Prices:**
[11094.35, 10938.27, 10462.26, 10538.46, 10246.19, 10760.07, 10692.72, 10750.72, 10775.27, 10709.65, 10844.64, 10784.49, 10619.45, 10575.97, 10549.33, 10669.58, 10793.34, 10604.41, 10668.97, 10915.69, 11064.46, 11296.36, 11384.18, 11555.36, 11425.90, 11429.51, 11495.35, 11322.12, 11358.10, 11483.36, 11742.04, 11916.33, 12823.69, 12965.89, 12931.54, 13108.06, 13031.17, 13075.25, 13654.22, 13271.29, 13437.88, 13546.52, 13781.00, 13737.11, 13550.49, 13950.30, 14133.71, 15579.85, 15565.88, 14833.75, 15479.57, 15332.32, 15290.90, 15701.34, 16276.34, 16317.81, 16068.14, 15955.59, 16716.11, 17645.41]
Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2020-11-18
**Financial & Commodity Data:**
- Gold Closing Price: $1873.50
- Crude Oil Closing Price: $41.82
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $309,320,199,790
- Hash Rate: 147831351.5740483
- Transaction Count: 362007.0
- Unique Addresses: 807705.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.91
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Where will bitcoin price go in 2021? Traditional investors have long wondered how to value bitcoin. Few have made headway: unlike stocks or commodities, cryptocurrencies have no earnings estimates or growth projections for investors to lean on. So, what drives bitcoin price? The answer may surprise investors because of what’s not included: gold and bitcoin mining supply. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Instead, bitcoin prices are controlled by three critical demand-side factors: Cryptocurrency demand Risk-taking appetite Technical factors Armed with the facts, we’ll examine how these factors will drive prices in 2021. And if you want to learn more about investing in bitcoin, learn more in my Ultimate Guide to Bitcoin . Why Bitcoin? Firstly, why should investors even consider bitcoin? Simple. $10,000 invested in bitcoin in 2015 would have turned to over $430,000 today. And more gains could still come. 7 Hot Food Stocks to Buy for Tasty Returns Bitcoin is now the world’s sixth-largest currency . It’s more widely circulated than the British pound and has a trading velocity six times the U.S. dollar . Bitcoin is also the primary currency of cryptocurrency developers, an essential step to getting venture capital (VC) dollars and attention . BTC Market Share on CoinMarketCap Source: Chart by InvestorPlace, Data courtesy of CoinMarketCap Bitcoin makes up the largest share of all crytocurrencies Now onto valuing bitcoin What Drives Bitcoin Price? Not fundamental valuations… Traditional investors have often tried to develop an “intrinsic value” of bitcoin by analyzing its supply. But that method misses one key fact: bitcoin’s supply remains relatively fixed because of its underlying code. The blockchain caps the maximum number of coins to 21 million. And a self-adjusting difficulty function means cryptocurrency miners have little effect on the speed of mining, unlike in gold or other producible commodities. BTC - Mining Difficulty Aug 2020 Source: Data courtesy of Blockchain Charts Story continues So what drives bitcoin prices in the short-term? Driver 1: Cryptocurrency Demand What assets are bitcoin returns most correlated to? Other cryptocurrencies. Even though the three top cryptocurrencies (bitcoin (BTC), Ethereum (ETH) and Ripple (XRP)) run on fundamentally different technologies, correlations between them have jumped since 2017. Today, bitcoin has a 0.9 correlation with both Ethereum and XRP, meaning they move together 90% of the time. BTC - Graph of XRP ETH and Bitcoin Price Correlations Aug 2020 Source: Data courtesy of Yahoo Finance Cryptocurrency correlations have risen over time Essentially, investors have started to view cryptocurrencies as a single asset class . Technology has undoubtedly played a helping hand. Gone are the days of setting up individual wallets for each currency. Coinbase and Robinhood , two major U.S. cryptocurrency platforms, now offer side-by-side comparisons of various coins. Investors can also easily buy index-linked products . Driver 2: Risk-taking appetite What about comparisons to gold? Do investors also see bitcoin as an inflation hedge and a safe-haven asset class? The data says “no.” Bitcoin returns are only 9% correlated with gold, a positive but relatively insignificant amount. Instead, the cryptocurrency has far more in common with risky assets. S&P 500: 22% correlation Junk Bonds: 19% correlation VIX (S&P volatility): -16% correlation (i.e., bitcoin prices decrease in volatile markets) So, contrary to common beliefs, bitcoin doesn’t act as a safe-haven asset. Instead, it does the opposite: its value tends to go up in confident bull markets and fall in fearful bearish ones. BTC - Graph of SNP and Bitcoin Price Returns Aug 2020 Source: Data courtesy of Yahoo Finance Driver 3: Technical Factors Technical analysis requires less efficient markets to work. A study by the U.S. Federal Reserve found that technical analysis in the foreign exchange market worked during the 1970s and ’80s, but declined in the ’90s as information flows improved . Fortunately for cryptocurrency investors, BTC today still resembles the inefficient systems of the 1970s. Bitcoin trades on multiple disconnected exchanges, making it difficult to determine its exact price at any given moment. And investors still routinely accuse market makers of manipulating prices . These factors make trend-following an essential tool in tracking the self-reinforcing prophecies of bitcoin price. That’s meant technical strategies have worked on bitcoin . Below is a graph of RSI-14, a standard mean-reversion indicator. BTC - RSI Buy-Sell Signals Graph of Bitcoin Price Aug 2020 Source: Data courtesy of Yahoo Finance RSI-14 has performed well in tracking BTC buy and sell points An investor using these indicators would have generated 15% higher returns than buy-and-hold while invested just 40% of the time. A more aggressive approach would have pushed returns even higher. How to Invest in Bitcoin for 2021 Bitcoin’s three key drivers mean one thing for 2021: bitcoin prices will depend on the economy. Fast-improving economy. Cryptocurrency demand increases, risk-taking up, technical factors positive. Bitcoin rises to $15,000 – $20,000. Slowing economy. Lower cryptocurrency demand, flight to safety, negative technical factors. Bitcoin falls to RSI resistance levels of $5,800 – $9,000 Which path with bitcoin take? In an August research note, Goldman Sachs’ Global Research team struck an upbeat tone for the 2021 economy. “We now expect that at least one vaccine will be approved by the end of 2020 and will be widely distributed by the end of 2021Q2,” Goldman Sachs economist Joseph Briggs wrote . “We have incorporated this timeline as our baseline forecast, and now assume consumer services spending accelerates in the first half of 2021 as consumers resume activities that would previously have exposed them to Covid-19 risk.” If these expectations play out, bitcoin investors will see good times ahead. But if the economy suddenly grinds to a halt, then bitcoin price will certainly fall. Bitcoin Price Beyond 2021 As trading matures, technical factors will eventually take a backseat in determining bitcoin price. In their place, fundamental factors will start to take over: matters such as transaction fees, forks, user adoption, and the general demand for cryptocurrencies. My colleagues at InvestorPlace have a friendly bet: which will reach 40,000 first: bitcoin or the Dow Jones? And either could be right. But for 2021, how to invest in bitcoin remains clear. As political consultant James Carville once said, “it’s the economy, stupid.” On the date of publication, Tom Yeung did not have (either directly or indirectly) any positions in the securities mentioned in this article. More From InvestorPlace Why Everyone Is Investing in 5G All WRONG America’s #1 Stock Picker Reveals His Next 1,000% Winner Revolutionary Tech Behind 5G Rollout Is Being Pioneered By This 1 Company Radical New Battery Could Dismantle Oil Markets The post 3 Important Factors Driving the Price of Bitcoin appeared first on InvestorPlace ....
- Reddit Posts (Sample): [['u/lightmindaligned', 'Will BTC fall after 20k again? Or go to 30k?', 15, '2020-11-18 04:19', 'https://www.reddit.com/r/Bitcoin/comments/jw8498/will_btc_fall_after_20k_again_or_go_to_30k/', 'I feel like alot of people have sell limits at 20k but thats just me, what do you guys think? IM HODLING THO FOR SURE', 'https://www.reddit.com/r/Bitcoin/comments/jw8498/will_btc_fall_after_20k_again_or_go_to_30k/', 'jw8498', [['u/gluisgwiz', 16, '2020-11-18 04:33', 'https://www.reddit.com/r/Bitcoin/comments/jw8498/will_btc_fall_after_20k_again_or_go_to_30k/gconadf/', 'Oh let me ask my pet cockroach...he said "jshdhj djdhjdj jdjsjsnbs." Don\'t worry i got a praying mantis working on a translation as we speak!', 'jw8498'], ['u/[deleted]', 28, '2020-11-18 04:35', 'https://www.reddit.com/r/Bitcoin/comments/jw8498/will_btc_fall_after_20k_again_or_go_to_30k/gconhcy/', 'Ask in more appropriate place: https://magic-8ball.com/', 'jw8498'], ['u/Brettanomyces78', 12, '2020-11-18 04:46', 'https://www.reddit.com/r/Bitcoin/comments/jw8498/will_btc_fall_after_20k_again_or_go_to_30k/gcooj3j/', 'This is the only appropriate answer.', 'jw8498']]], ['u/true_al', 'What do you all see as the likely growth or decline in the price of XMR Vs BTC in the coming 6-12 months if the expected bull market continues/explodes upwards as hoped?', 19, '2020-11-18 04:41', 'https://www.reddit.com/r/xmrtrader/comments/jw8gsj/what_do_you_all_see_as_the_likely_growth_or/', 'Reasoning welcomed! Thanks for sharing!', 'https://www.reddit.com/r/xmrtrader/comments/jw8gsj/what_do_you_all_see_as_the_likely_growth_or/', 'jw8gsj', [['u/xQx1', 15, '2020-11-18 05:07', 'https://www.reddit.com/r/xmrtrader/comments/jw8gsj/what_do_you_all_see_as_the_likely_growth_or/gcoqlxj/', "Not OP, but I'm interested. \n\n\nShould I panic sell my XMR for BTC, should I panic sell my BTC for XMR, or should I HODL both?\n\nIf BTC Moons and XMR stays at $120. I'll hold you mob personally responsible.", 'jw8gsj'], ['u/Podcastsandpot', 25, '2020-11-18 05:51', 'https://www.reddit.com/r/xmrtrader/comments/jw8gsj/what_do_you_all_see_as_the_likely_growth_or/gcoulgb/', 'Think about it for a second. Can you see bitcoin hitting $60k first or Monero hitting $375? That’s 3X for both, but I can see Monero hitting that number far earlier for some reason. As bitcoin keeps going up I except Monero to start to outpace it eventually', 'jw8gsj'], ['u/sproutkraut', 24, '2020-11-18 06:02', 'https://www.reddit.com/r/xmrtrader/comments/jw8gsj/what_do_you_all_see_as_the_likely_growth_or/gcovib9/', '>\tfor some reason\n\nSeems legit', 'jw8gsj'], ['u/dallyopcs', 18, '2020-11-18 06:54', 'https://www.reddit.com/r/xmrtrader/comments/jw8gsj/what_do_you_all_see_as_the_likely_growth_or/gcozmsv/', '>for some reason\n\nAll in XMR.', 'jw8gsj']]], ['u/EpicRayy', 'Bitcoin has hit $18,000, almost 12 hours after hitting $17,000. Fucking insane!', 4568, '2020-11-18 04:56', 'https://www.reddit.com/r/Bitcoin/comments/jw8op6/bitcoin_has_hit_18000_almost_12_hours_after/', 'Holy fuck! Goosebumps dude', 'https://www.reddit.com/r/Bitcoin/comments/jw8op6/bitcoin_has_hit_18000_almost_12_hours_after/', 'jw8op6', [['u/ExtraExtraMegaDoge', 287, '2020-11-18 05:01', 'https://www.reddit.com/r/Bitcoin/comments/jw8op6/bitcoin_has_hit_18000_almost_12_hours_after/gcopzes/', "I swear to God my boss was salty today. I've been telling him to buy since 9K.", 'jw8op6'], ['u/Such_Piece4597', 118, '2020-11-18 05:01', 'https://www.reddit.com/r/Bitcoin/comments/jw8op6/bitcoin_has_hit_18000_almost_12_hours_after/gcoq1dg/', 'Lmao he’s about to be even more mad', 'jw8op6'], ['u/isnormanforgiven', 47, '2020-11-18 05:05', 'https://www.reddit.com/r/Bitcoin/comments/jw8op6/bitcoin_has_hit_18000_almost_12_hours_after/gcoqdsw/', 'Bull market', 'jw8op6'], ['u/wfw12', 68, '2020-11-18 05:06', 'https://www.reddit.com/r/Bitcoin/comments/jw8op6/bitcoin_has_hit_18000_almost_12_hours_after/gcoqfnd/', "that's incredible under 24hrs.", 'jw8op6'], ['u/utxohodler', 35, '2020-11-18 05:07', 'https://www.reddit.com/r/Bitcoin/comments/jw8op6/bitcoin_has_hit_18000_almost_12_hours_after/gcoqmfo/', 'To the moon!!! ┗(°0°)┛', 'jw8op6'], ['u/Awesomedude222', 63, '2020-11-18 05:08', 'https://www.reddit.com/r/Bitcoin/comments/jw8op6/bitcoin_has_hit_18000_almost_12_hours_after/gcoqnhh/', "When it went to 16 then dropped to 14 I almost sold. \n\nAlmost.\n\nI would've been so fucking mad right now lmao", 'jw8op6'], ['u/[deleted]', 516, '2020-11-18 05:08', 'https://www.reddit.com/r/Bitcoin/comments/jw8op6/bitcoin_has_hit_18000_almost_12_hours_after/gcoqont/', 'Every thousand is a smaller % gain than the previous, so get used to it!', 'jw8op6'], ['u/wfw12', 19, '2020-11-18 05:13', 'https://www.reddit.com/r/Bitcoin/comments/jw8op6/bitcoin_has_hit_18000_almost_12_hours_after/gcor4dg/', 'for a short term good move but long term not a good move.', 'jw8op6'], ['u/IT_BROMO_NERD', 50, '2020-11-18 05:13', 'https://www.reddit.com/r/Bitcoin/comments/jw8op6/bitcoin_has_hit_18000_almost_12_hours_after/gcor6ws/', 'I see you are new around here.', 'jw8op6'], ['u/lutz_k', 45, '2020-11-18 05:14', 'https://www.reddit.com/r/Bitcoin/comments/jw8op6/bitcoin_has_hit_18000_almost_12_hours_after/gcor9w4/', 'That is just the beginning. 💪🏻', 'jw8op6'], ['u/tnuts420', 16, '2020-11-18 05:16', 'https://www.reddit.com/r/Bitcoin/comments/jw8op6/bitcoin_has_hit_18000_almost_12_hours_after/gcore2f/', "she's running. buckle in my dudes", 'jw8op6'], ['u/Gene04', 23, '2020-11-18 05:16', 'https://www.reddit.com/r/Bitcoin/comments/jw8op6/bitcoin_has_hit_18000_almost_12_hours_after/gcorf3v/', "It's already obvious btc is gonna skyrocket to the god damn moon with covid lockdowns and a new presidency in 2 months. I wouldn't even say this is a good move short term. But hell I hope it is 12k tomorrow so I can buy more", 'jw8op6'], ['u/Endearing_Asshole', 22, '2020-11-18 05:17', 'https://www.reddit.com/r/Bitcoin/comments/jw8op6/bitcoin_has_hit_18000_almost_12_hours_after/gcoriig/', 'I’ll live vicariously through you and celebrate profits. I’m too scared to sell.', 'jw8op6'], ['u/Asesinato', 55, '2020-11-18 05:19', 'https://www.reddit.com/r/Bitcoin/comments/jw8op6/bitcoin_has_hit_18000_almost_12_hours_after/gcorpl9/', "This isn't parabolic yet. Strap in boys, new ATH soon.", 'jw8op6'], ['u/torgidy', 35, '2020-11-18 05:20', 'https://www.reddit.com/r/Bitcoin/comments/jw8op6/bitcoin_has_hit_18000_almost_12_hours_after/gcort51/', '> Just cashed out at 18,052, downvote all you want but rather keep my gains than waking up to a 12k price, \n\njokes on you: now you are bagholding dollars.', 'jw8op6'], ['u/DerSeb123', 160, '2020-11-18 05:21', 'https://www.reddit.com/r/Bitcoin/comments/jw8op6/bitcoin_has_hit_18000_almost_12_hours_after/gcory5s/', 'Are we seeing 20k this week?', 'jw8op6'], ['u/TheBakedGod', 26, '2020-11-18 05:24', 'https://www.reddit.com/r/Bitcoin/comments/jw8op6/bitcoin_has_hit_18000_almost_12_hours_after/gcos5et/', 'Lol an hour ago I said to myself, "I wonder if bitcoin will pass 18,000 by the morning?"', 'jw8op6'], ['u/chatonnu', 28, '2020-11-18 05:25', 'https://www.reddit.com/r/Bitcoin/comments/jw8op6/bitcoin_has_hit_18000_almost_12_hours_after/gcosbaq/', 'I think Ray Dalio decided to go long.', 'jw8op6'], ['u/asoace', 23, '2020-11-18 05:26', 'https://www.reddit.com/r/Bitcoin/comments/jw8op6/bitcoin_has_hit_18000_almost_12_hours_after/gcosbly/', "wait this isn't parabolic ? :hmm:", 'jw8op6'], ['u/Cryptodragonnz', 26, '2020-11-18 05:26', 'https://www.reddit.com/r/Bitcoin/comments/jw8op6/bitcoin_has_hit_18000_almost_12_hours_after/gcosehm/', 'So basically a 100% move since the halvening?', 'jw8op6'], ['u/[deleted]', 18, '2020-11-18 05:27', 'https://www.reddit.com/r/Bitcoin/comments/jw8op6/bitcoin_has_hit_18000_almost_12_hours_after/gcosewj/', 'The fuck', 'jw8op6'], ['u/Cryptodragonnz', 44, '2020-11-18 05:27', 'https://www.reddit.com/r/Bitcoin/comments/jw8op6/bitcoin_has_hit_18000_almost_12_hours_after/gcosg39/', 'Son- you\'re fired!!!! \n\n"But I TOLD you to buy bitcoin sir". \n\n "I know, but you didn\'t CONVINCE me!!!"', 'jw8op6'], ['u/ScumWithBoundaries', 14, '2020-11-18 05:27', 'https://www.reddit.com/r/Bitcoin/comments/jw8op6/bitcoin_has_hit_18000_almost_12_hours_after/gcosh37/', "My heart I can't take it", 'jw8op6'], ['u/bitcoin_asap', 19, '2020-11-18 05:27', 'https://www.reddit.com/r/Bitcoin/comments/jw8op6/bitcoin_has_hit_18000_almost_12_hours_after/gcoshvm/', 'Math is hard', 'jw8op6'], ['u/southofearth', 72, '2020-11-18 05:28', 'https://www.reddit.com/r/Bitcoin/comments/jw8op6/bitcoin_has_hit_18000_almost_12_hours_after/gcosi5a/', 'Feels surreal after years of pain and ramen', 'jw8op6'], ['u/Allenxzz', 204, '2020-11-18 05:28', 'https://www.reddit.com/r/Bitcoin/comments/jw8op6/bitcoin_has_hit_18000_almost_12_hours_after/gcosjea/', 'Exactly, the future 1k gaps will become more and more easy to exceed', 'jw8op6'], ['u/sip0889', 12, '2020-11-18 05:28', 'https://www.reddit.com/r/Bitcoin/comments/jw8op6/bitcoin_has_hit_18000_almost_12_hours_after/gcosjmn/', 'gatekeeping is great for mass adoption', 'jw8op6'], ['u/ScumWithBoundaries', 15, '2020-11-18 05:29', 'https://www.reddit.com/r/Bitcoin/comments/jw8op6/bitcoin_has_hit_18000_almost_12_hours_after/gcosllz/', 'Flash sale would be so lovely 😅', 'jw8op6'], ['u/Asesinato', 40, '2020-11-18 05:29', 'https://www.reddit.com/r/Bitcoin/comments/jw8op6/bitcoin_has_hit_18000_almost_12_hours_after/gcosnif/', 'Not quite. In 2017 we saw it swing from 14,000 to 19,500 in 1 day of trading.', 'jw8op6'], ['u/[deleted]', 114, '2020-11-18 05:30', 'https://www.reddit.com/r/Bitcoin/comments/jw8op6/bitcoin_has_hit_18000_almost_12_hours_after/gcoson8/', 'This is going to dump so hard once it hits ATH. That will be the perfect time to buy.', 'jw8op6'], ['u/xeronyxx', 55, '2020-11-18 05:30', 'https://www.reddit.com/r/Bitcoin/comments/jw8op6/bitcoin_has_hit_18000_almost_12_hours_after/gcosp1a/', 'holy shit this feels like EXACTLY 2 years ago', 'jw8op6'], ['u/asoace', 21, '2020-11-18 05...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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17817.09, 18621.31, 18642.23, 18370.00, 18364.12, 19107.46, 18732.12, 17150.62, 17108.40, 17717.41
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['By Tom Wilson and Anna Irrera\nLONDON (Reuters) - With bitcoin surging to the cusp of its 2017 all-time high, backers are hoping fewer frenzied retail investors means less chance of a crash this time around.\nBut with little mainstream usage as a form of payment and global uncertainty clouding financial markets, bitcoin is still far from a safe bet, analysts said.\n"There are a lot of differences to what was happening before," said Larry Cermak, director of research at cryptocurrency media firm The Block.\n"The price has steadily increased, we are seeing very little retail participation and markets are much more liquid and much more accessible to institutional participants. For now, though, it\'s definitely not a safe investment, it\'s still very risky."\nBitcoin broke $18,000 (£13,549) on Wednesday to hit its highest since Dec. 2017, having soared about 160% this year.\nThe steep trajectory of its 2020 rally echoes that of 2017, when a retail-led buying spree pushed it to nearly $20,000, only to crash more than 50% a month later.\nUnlike 2017, however, the asset now boasts a functioning derivatives market and custody services by established financial institutions.\nThe value of open interest bitcoin futures at CME Group Inc crossed $1 billion this week for the first time since their launch in Dec. 2017, while positions across major options markets have grown to over $4 billion from virtually nothing in early 2019, according to crypto data provider Skew.\nMeanwhile large firms including Fidelity Investments and Japan\'s Nomura Holdings Inc have starting safeguarding bitcoins and other cryptocurrencies for institutional investors.\n"There\'s absolutely no comparison in terms of market maturity between this year and 2017," said Ryan Selkis, CEO of crypto data firm Messari. "Back then derivatives and credit markets barely existed (and) institutional custody didn\'t exist."\nThe emergence of this kind of infrastructure has made it easier for professional investors from hedge funds to family offices to seek exposure to crypto.\n"The accessibility has changed from three years ago so the types of players that are willing to go in has broadened," said Tim Swanson, head of market intelligence at blockchain software firm Clearmatics.\nTheir involvement, the argument goes, may lead to more liquidity and less volatility in prices.\nRegulation has also developed. While the cryptocurrency sector is still mostly lightly overseen or unregulated, global standards on areas such as anti-money laundering (AML) have emerged, opening the way for bigger investors.\nMainstream companies and governments are among those embracing digital coin technology.\nLast month, PayPal Holdings Inc said it would open up its platform to cryptocurrencies while rival Square Inc said it had invested 1% of its total assets in bitcoin.\nUnlike 2017, bitcoin\'s price has been supported by an appetite for riskier assets following government and central bank stimulus measures to combat the impact of COVID-19.\nBitcoin\'s supply is capped at 21 million, shielding it from policies that stoke inflation, proponents say.\nThe narrative has allowed "a wider group of investors, including those with a more fundamental mindset, to participate in price setting," said Richard Galvin of crypto fund Digital Asset Capital Management.\nYet for all the improvements in market structure and mainstream recognition, bitcoin remains highly volatile. The cryptocurrency sector is still more opaque and less regulated than mainstream financial markets. Trading data remains patchy and concerns over market manipulation are rife.\n"Long story short, it\'s still a risky market and a risky asset," said Colin Platt, a cryptocurrency consultant.\nAnd for all the hype, bitcoin remains seldom used for its intended purpose.\n"There is no guarantee that it will be used widely as \'money\' given the cost of mining and using bitcoins and the ease of using contactless payment cards or smartphones to facilitate electronic payment," said Russ Mould, investment director at AJ Bell.\n(Reporting by Tom Wilson and Anna Irrera;Editing by Elaine Hardcastle)', 'Chipotle Mexican Grill is giving away $10,000 to anyone who can prove their go-to order is the best. The \x93Chipotle Royalty\x94 contest was announced on Tuesday and has a short turnaround time that ends on Thursday, Nov. 19 at 11:59 p.m. PST. Competitors must upload a TikTok video explaining why their favorite order is \x93the best among millions of possible combinations.\x94 CHIPOTLE OPENS ITS FIRST DIGITAL-ONLY RESTAURANT Video entries will need to be hashtagged with #ChipotleRoyalty and #contest in order to be viewed and judged. Submissions should be full entrées such as a bowl, burrito salad or taco. Snack items like chips do not count. Three winners are going to be selected and will be awarded $10,000 in cash. Their go-to orders will also be added as official menu items on Chipotle\x92s app and website for a limited time. Chipotle\x92s Executive Chef Chad Brauze and YouTube star David Dobrik are judging contestants on their creativity and flavor combinations. Winners will receive a comment from the two judges on Friday. CHIPOTLE BOOKS RECORD SALES FROM ONLINE ORDERS Dobrik kicked off the competition with a TikTok video of his own, which he shared with his 24 million followers. The 24-year-old was the first celebrity to have his order featured on Chipotle\x92s app and website last year. His \x93 Dobrik Burrito \x94 was featured on National Burrito Day on April 2, 2019 and included brown rice, black beans, chicken and mild and corn salsa with cheese and guacamole on the side. The quick-service chain has since worked with celebrities and athletes big and small on limited-time menu items. CHIPOTLE FACES EMPLOYEE SHORTAGES AS COVID-19 CASES SPIKE Contestants as young as 13 can enter Chipotle\x92s contest so long as they have a parent or guardian\x92s permission. GET FOX BUSINESS ON THE GO BY CLICKING HERE Featured orders from the winners will be shared on Chipotle\x92s app and website from Dec. 1 through the end of 2020. "With more than four million possible menu item combinations, Chipotle fans are extremely passionate about their individual orders," said Chipotle\x92s Chief Marketing Officer Chris Brandt, in a statement. "Our fans are as unique as their orders and we look forward to hearing their stories and immortalizing a few of them as Chipotle Royalty." Story continues CLICK HERE TO READ MORE ON FOX BUSINESS Related Articles Walmart, McDonald\'s among largest employers of SNAP, Medicaid recipients: Report Bitcoin rally catches Wall Street, Hollywood\'s attention KFC unveils new restaurant designs for growing contactless ordering demand', 'Chipotle Mexican Grillisgiving away $10,000to anyone who can prove their go-to order is the best.\nThe “Chipotle Royalty”contest was announcedon Tuesday and has a short turnaround time that ends on Thursday, Nov. 19 at 11:59 p.m. PST. Competitors must upload aTikTokvideo explaining why their favorite order is “the best among millions of possible combinations.”\nCHIPOTLE OPENS ITS FIRST DIGITAL-ONLY RESTAURANT\nVideo entries will need to be hashtagged with #ChipotleRoyalty and #contest in order to be viewed and judged. Submissions should be full entrées such as a bowl, burrito salad or taco. Snack items like chips do not count.\nThree winners are going to be selected and will be awarded $10,000 in cash. Their go-to orders will also be added as official menu items on Chipotle’s app and website for a limited time.\nChipotle’s Executive Chef Chad Brauze andYouTube star David Dobrikare judging contestants on their creativity and flavor combinations. Winners will receive a comment from the two judges on Friday.\nCHIPOTLE BOOKS RECORD SALES FROM ONLINE ORDERS\nDobrik kicked off the competition with a TikTok video of his own, which he shared with his 24 million followers. The 24-year-old was the first celebrity to have his order featured on Chipotle’s app and website last year.\nHis “Dobrik Burrito” was featured on National Burrito Day on April 2, 2019 and included brown rice, black beans, chicken and mild and corn salsa with cheese and guacamole on the side. The quick-service chain has since worked with celebrities and athletes big and small on limited-time menu items.\nCHIPOTLE FACES EMPLOYEE SHORTAGES AS COVID-19 CASES SPIKE\nContestants as young as 13 can enter Chipotle’s contest so long as they have a parent or guardian’s permission.\nGET FOX BUSINESS ON THE GO BY CLICKING HERE\nFeatured orders from the winners will be shared on Chipotle’s app and website from Dec. 1 through the end of 2020.\n"With more than four million possible menu item combinations, Chipotle fans are extremely passionate about their individual orders," said Chipotle’s Chief Marketing Officer Chris Brandt, in a statement. "Our fans are as unique as their orders and we look forward to hearing their stories and immortalizing a few of them as Chipotle Royalty."\nCLICK HERE TO READ MORE ON FOX BUSINESS\nRelated Articles\n• Walmart, McDonald\'s among largest employers of SNAP, Medicaid recipients: Report\n• Bitcoin rally catches Wall Street, Hollywood\'s attention\n• KFC unveils new restaurant designs for growing contactless ordering demand', '* Asian stock markets : https://tmsnrt.rs/2zpUAr4 * Asia ex-Japan off record high after Wall St pullback * Tokyo raises pandemic alert level, Nikkei slips * Economic restrictions in U.S. suggest more Fed action By Wayne Cole SYDNEY, Nov 19 (Reuters) - Asian shares drifted off all-time highs on Thursday as widening COVID-19 restrictions in the United states weighed on Wall Street, while bonds were underpinned by speculation the Federal Reserve would have to respond with yet more easing. Japan also reported record news cases as Tokyo raised its pandemic alert to the highest level, shoving the Nikkei down 0.8% and away from a 29-year closing top. MSCI\'s broadest index of Asia-Pacific shares outside Jap
**Last 60 Days of Bitcoin's Closing Prices:**
[10938.27, 10462.26, 10538.46, 10246.19, 10760.07, 10692.72, 10750.72, 10775.27, 10709.65, 10844.64, 10784.49, 10619.45, 10575.97, 10549.33, 10669.58, 10793.34, 10604.41, 10668.97, 10915.69, 11064.46, 11296.36, 11384.18, 11555.36, 11425.90, 11429.51, 11495.35, 11322.12, 11358.10, 11483.36, 11742.04, 11916.33, 12823.69, 12965.89, 12931.54, 13108.06, 13031.17, 13075.25, 13654.22, 13271.29, 13437.88, 13546.52, 13781.00, 13737.11, 13550.49, 13950.30, 14133.71, 15579.85, 15565.88, 14833.75, 15479.57, 15332.32, 15290.90, 15701.34, 16276.34, 16317.81, 16068.14, 15955.59, 16716.11, 17645.41, 17804.01]
Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2020-11-19
**Financial & Commodity Data:**
- Gold Closing Price: $1861.10
- Crude Oil Closing Price: $41.74
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $328,630,474,088
- Hash Rate: 119839616.36476108
- Transaction Count: 311061.0
- Unique Addresses: 717377.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.94
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: As cases rise and the U.S. settles in for a fresh wave of COVID-19, the economic fallout from round one is still being felt, from hedge funds to bankruptcies and beyond. For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts , Spotify , Pocketcasts , Google Podcasts , Castbox , Stitcher , RadioPublica , iHeartRadio or RSS . This episode is sponsored by Crypto.com , Nexo.io and Elliptic . Today on the Brief: Turkey’s real inflation rate 3x official number Hot new DeFi protocol Harvest Financial hacked Bitcoin whales hit largest number since 2016 Pandemic Fatigue Related: Bitcoin News Roundup for Oct. 27, 2020 Our main conversation is about the rise of a new wave of COVID-19 and the economic fallout we’re still trying to address. NLW discusses why we’re starting this next wave more emotionally drained, politically divided and economically fragile than we were in March. See also: A New ‘Bretton Woods’ Moment? For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts , Spotify , Pocketcasts , Google Podcasts , Castbox , Stitcher , RadioPublica , iHeartRadio or RSS . Related Stories Hedge Funds Failures, Bankruptcies and Pandemic Fatigue Hedge Funds Failures, Bankruptcies and Pandemic Fatigue Hedge Funds Failures, Bankruptcies and Pandemic Fatigue...
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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18621.31, 18642.23, 18370.00, 18364.12, 19107.46, 18732.12, 17150.62, 17108.40, 17717.41, 18177.48
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Bitcoin, BTC to USD, rose by 0.25% on Thursday. Following on from a 0.56% gain on Wednesday, Bitcoin ended the day at $17,818.0. It was a mixed start to the day. Bitcoin rose to an early morning high $18,044.0 before hitting reverse. Falling short of the major resistance levels, Bitcoin fell to a late morning intraday low $17,344.0. Steering clear of the first major support level at $17,112, Bitcoin climbed to a mid-afternoon intraday high $18,166.0. Falling short of the first major resistance level at $18,443, however, Bitcoin slipped back to end the day at sub-$18,000. The near-term bullish trend remained intact, supported by the latest move through to $18,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $9,520 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was a mixed day on Thursday. Bitcoin Cash SV (-0.14%), Cardano’s ADA (-0.45%), Ethereum (-1.48%), and saw red on the day. It was a bullish day for the rest of the majors, however. Litecoin surged by 11.09% to lead the way. Binance Coin (+0.17%), Chainlink (+0.40%), Crypto.com Coin (+3.89%), Polkadot (+1.52%), and Ripple’s XRP (+3.42%) also joined Bitcoin in the green. In the current week, the crypto total market cap rose from a Monday low $445.47bn to a Wednesday high $514.87bn. At the time of writing, the total market cap stood at $493.44bn. Bitcoin’s dominance fell to a Monday low 65.43% before rising to a Wednesday high 67.46%. At the time of writing, Bitcoin’s dominance stood at 67.12%. This Morning At the time of writing, Bitcoin was up by 0.08% to $17,833,0. A mixed start to the day saw Bitcoin fall to an early morning low $17,797.0 before rising to a high $17,934.0. Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was a mixed start to the day. Chainlink (-0.15%), Crypto.com Coin (-0.45%), and Ripple’s XRP (-0.54%) struggled early on. Story continues It was a bullish start to the day for the rest of the majors, however. At the time of writing, Bitcoin Cash SV (+1.07%) and Litecoin (+1.52%) led the way. For the Bitcoin Day Ahead Bitcoin would need to avoid a fall through the pivot level at $17,776 to bring the first major resistance level at $18,208 into play. Support from the broader market would be needed for Bitcoin to break out from Thursday’s high $18,166.0. Barring an extended crypto rally, the first major resistance level would likely cap any upside. In the event of another crypto breakout, Bitcoin could test resistance at $18,500 before any pullback. The second major resistance level sits at $18,598. Failure to avoid a fall through the $17,776 pivot would bring the first major support level at $17,386 into play. Barring another extended crypto sell-off, Bitcoin should steer well clear of sub-$17,000 levels. The second major support level sits at $16,954. This article was originally posted on FX Empire More From FXEMPIRE: EUR/USD Mid-Session Technical Analysis for November 19, 2020 The Crypto Daily – Movers and Shakers – November 20th, 2020 US Stock Market Overview – Stock Rise Led by Energy; Strong Housing Data Buoys Shares Silver Price Forecast – Silver Markets Continue to Drift Lower Economic Data Puts the Loonie, the Pound, and the EUR in Focus Nuance Shares Jump Over 15% as Analysts Upgrade Target Prices Post Earnings Beat', 'Bitcoin, BTC to USD, rose by 0.25% on Thursday. Following on from a 0.56% gain on Wednesday, Bitcoin ended the day at $17,818.0.\nIt was a mixed start to the day. Bitcoin rose to an early morning high $18,044.0 before hitting reverse.\nFalling short of the major resistance levels, Bitcoin fell to a late morning intraday low $17,344.0.\nSteering clear of the first major support level at $17,112, Bitcoin climbed to a mid-afternoon intraday high $18,166.0.\nFalling short of the first major resistance level at $18,443, however, Bitcoin slipped back to end the day at sub-$18,000.\nThe near-term bullish trend remained intact, supported by the latest move through to $18,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $9,520 to form a near-term bearish trend.\nAcross the rest of the majors, it was a mixed day on Thursday.\nBitcoin Cash SV (-0.14%), Cardano’s ADA (-0.45%), Ethereum (-1.48%), and saw red on the day.\nIt was a bullish day for the rest of the majors, however.\nLitecoin surged by 11.09% to lead the way.\nBinance Coin (+0.17%), Chainlink (+0.40%), Crypto.com Coin (+3.89%), Polkadot (+1.52%), and Ripple’s XRP (+3.42%) also joined Bitcoin in the green.\nIn the current week, the crypto total market cap rose from a Monday low $445.47bn to a Wednesday high $514.87bn. At the time of writing, the total market cap stood at $493.44bn.\nBitcoin’s dominance fell to a Monday low 65.43% before rising to a Wednesday high 67.46%. At the time of writing, Bitcoin’s dominance stood at 67.12%.\nAt the time of writing, Bitcoin was up by 0.08% to $17,833,0. A mixed start to the day saw Bitcoin fall to an early morning low $17,797.0 before rising to a high $17,934.0.\nBitcoin left the major support and resistance levels untested early on.\nElsewhere, it was a mixed start to the day.\nChainlink (-0.15%), Crypto.com Coin (-0.45%), and Ripple’s XRP (-0.54%) struggled early on.\nIt was a bullish start to the day for the rest of the majors, however.\nAt the time of writing, Bitcoin Cash SV (+1.07%) and Litecoin (+1.52%) led the way.\nBitcoin would need to avoid a fall through the pivot level at $17,776 to bring the first major resistance level at $18,208 into play.\nSupport from the broader market would be needed for Bitcoin to break out from Thursday’s high $18,166.0.\nBarring an extended crypto rally, the first major resistance level would likely cap any upside.\nIn the event of another crypto breakout, Bitcoin could test resistance at $18,500 before any pullback. The second major resistance level sits at $18,598.\nFailure to avoid a fall through the $17,776 pivot would bring the first major support level at $17,386 into play.\nBarring another extended crypto sell-off, Bitcoin should steer well clear of sub-$17,000 levels. The second major support level sits at $16,954.\nThisarticlewas originally posted on FX Empire\n• EUR/USD Mid-Session Technical Analysis for November 19, 2020\n• The Crypto Daily – Movers and Shakers – November 20th, 2020\n• US Stock Market Overview – Stock Rise Led by Energy; Strong Housing Data Buoys Shares\n• Silver Price Forecast – Silver Markets Continue to Drift Lower\n• Economic Data Puts the Loonie, the Pound, and the EUR in Focus\n• Nuance Shares Jump Over 15% as Analysts Upgrade Target Prices Post Earnings Beat', '(Bloomberg) -- The founder of one of the world’s largest Bitcoin exchanges broke a month-long silence to proclaim his innocence Friday, making his first comments since a Chinese police probe forced OKEx to briefly suspend withdrawals of all cryptocurrency assets.\nXu Mingxing posted on a private social media feed he had been cooperating with an investigation into an equity merger his blockchain company OK Group completed years ago. The founder, who also goes by Star, said the investee was the target of a “complicated” legal case, without elaborating. Shares in listed affiliate OKG Technology Holdings Ltd. soared as much as 23% Friday in Hong Kong.\nThe well-known entrepreneur sent his message hours after OKEx announced it’s going to permit withdrawals of digital assets on or before Nov. 27. The Malta-based company halted withdrawals on Oct. 16 after an unidentified staffer with access to users’ accounts went incommunicado while cooperating with a police investigation, the exchange said at the time. OKG, in which Xu owns a controlling stake, said days later he was under probe by Chinese police.\n“The authorities have clarified the matter and proved me innocent,” Xu wrote Friday on his WeChat feed, which is visible only to select users. “In coming days, I’ll call on everyone who supported OK Group to express my gratitude.”\nRead more: Chinese Police Probe Halts Withdrawals at Crypto Giant OKEx\nIt’s unclear what deal Xu was referring to. OKG, which secured a backdoor listing in Hong Kong last year, has said the group wasn’t subject to any government probe. A representative with the OK Group confirmed Xu’s WeChat post but declined to comment on the investigation or the merger. An OKEx spokeswoman declined to comment on Xu, saying OKEx is a separate entity from the OK Group.\n“The issue that triggered OKEx to deploy the extraordinary security measure has since been resolved,” OKEx said in a Thursday statement. “All user funds can be withdrawn without restriction after withdrawals are reopened.”\nRead more: Frozen OKEx Crypto Traders Can Cash Out, But Would Pay a Price\nXu launched OKEx’s predecessor, OKCoin, in 2013 but later moved away from the exchange business, instead focusing on blockchain venture OK Group. Originally from China, the startup moved its base to Malta after Beijing started to crack down on crypto trading. In the days after OKEx suspended withdrawals, it also halted over-the-counter fiat-to-crypto trading on its platform -- a vehicle that has been under Chinese regulatory scrutiny.\nOKEx saw $4 billion of crypto spot trading on its platform over the past 24 hours, ranking fifth among the world’s largest digital asset exchanges, according to CoinMarketCap. Though volume data in crypto are often seen as suspect, OKEx is generally regarded as one of the most active crypto exchanges.\nFor more articles like this, please visit us atbloomberg.com\nSubscribe nowto stay ahead with the most trusted business news source.\n©2020 Bloomberg L.P.', '(Bloomberg) -- The founder of one of the world\x92s largest Bitcoin exchanges broke a month-long silence to proclaim his innocence Friday, making his first comments since a Chinese police probe forced OKEx to briefly suspend withdrawals of all cryptocurrency assets. Xu Mingxing posted on a private social media feed
**Last 60 Days of Bitcoin's Closing Prices:**
[10462.26, 10538.46, 10246.19, 10760.07, 10692.72, 10750.72, 10775.27, 10709.65, 10844.64, 10784.49, 10619.45, 10575.97, 10549.33, 10669.58, 10793.34, 10604.41, 10668.97, 10915.69, 11064.46, 11296.36, 11384.18, 11555.36, 11425.90, 11429.51, 11495.35, 11322.12, 11358.10, 11483.36, 11742.04, 11916.33, 12823.69, 12965.89, 12931.54, 13108.06, 13031.17, 13075.25, 13654.22, 13271.29, 13437.88, 13546.52, 13781.00, 13737.11, 13550.49, 13950.30, 14133.71, 15579.85, 15565.88, 14833.75, 15479.57, 15332.32, 15290.90, 15701.34, 16276.34, 16317.81, 16068.14, 15955.59, 16716.11, 17645.41, 17804.01, 17817.09]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2020-11-20
**Financial & Commodity Data:**
- Gold Closing Price: $1872.60
- Crude Oil Closing Price: $42.15
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $328,630,474,088
- Hash Rate: 146956609.8487581
- Transaction Count: 348026.0
- Unique Addresses: 772326.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.86
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: US stocks sold off on Thursday as investors started to get nervous following a continued outbreak of COVID-19 cases throughout the United States. In Chicago, one of the largest cities in the US, the Mayor told residents to cancel their Thanksgiving plans and stay at home. There is concern that the Biden Administration will ask the US for a 4-6 week lockdown, to get the virus under control. All sectors in the S&P 500 index were lower, led down by Energy. Healthcare was the best performing sector in the index. Bitcoin prices broke out 3-year highs and closed the session above 16K. The cryptocurrency is poised to test the December 2017 highs above 19k. US consumer prices were flat in October, while jobless claims continued to ease. CPI Was Flat US CPI was unchanged in October, according to the Burea of Labor Statistics. This was the softest reading of the year. The unchanged reading month over month compares to a 0.2% increase in September. Expectations were for CPI to increase by 0.1% month over month. Year over year, headline CPI rose 1.2%. Excluding food and energy, CPI was also flat compared to a 0.2% increase expected. Core CPI was expected to rise by 1.6% year over year. Jobless Claims Ease The Labor Department reported on Thursday that Jobless claims eased to 709,000 for the week ended November 7, down from 757,000 in the prior week. Expectations were for initial jobless claims to come in at 740,000. Continuing claims fell to 6.79 million, a 436,000 decrease from a week ago. This article was originally posted on FX Empire More From FXEMPIRE: Silver Price Forecast – Silver Markets Sitting Just Below 50 Day EMA Gold Price Futures (GC) Technical Analysis – Consolidating Inside Retracement Zone at $1889.70 to $1842.60 Natural Gas Price Forecast – Natural Gas Slowing Down Near Big Figure US Stock Market Overview – Stock Drop Led by Energy; CPI is Flat Crude Oil Price Forecast – Crude Oil Markets Stay In Range European Equities: Brexit, COVID-19, and Capitol Hill in Focus...
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
18642.23, 18370.00, 18364.12, 19107.46, 18732.12, 17150.62, 17108.40, 17717.41, 18177.48, 19625.84
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Call it the CPR after Operation Choke Point.\nThe U.S. Office of the Comptroller of the Currency, a national bank regulator led by former Coinbase counsel Brian Books, has proposed a rule that would forbid banks to blacklist legal industries — including, presumably, cryptocurrency firms.\nUnder the proposed rule, banks could deny financial services to customers only on the basis of “quantitative, risk-based standards established in advance,” not in response to political pressures.\nRelated:Gemini Exchange Is Using ClearBank for UK Banking Services\nTheproposal, published Friday in the Federal Register, does not mention cryptocurrency. But it will likely come as welcome news to businesses in the space, which have long struggled to obtain or keep bank accounts in the U.S. Crypto firms have long relied on a handful of banks—Silvergate Bank, Signature Bank, and Metropolitan Commercial Bank among them—for basic banking needs.\nOn the other hand, if banks in the world’s largest economy were forbidden to discriminate against legitimate businesses, thenall else equal, it could, in theory, underminethe appealofpermissionless,censorship-resistant payment systemssuch asBitcoin.\nThe OCC proposal specifically mentionsOperation Choke Point, an Obama-era Justice Department initiative that was ostensibly meant to shut down only fraudulent businesses and payday lenders by pressuring banks to close their accounts. In practice, there appears to have beenwidespreadcollateraldamage.\n“Government agencies (but not the OCC) were revealed to have pressured banks to cut off access to financial services to disfavored (but not unlawful) sectors of the economy,” according to the OCC’s proposal. These included the firearm and coal industries. Operation Choke Pointended officiallyinlate 2017,but financial intermediaries still receive pressure from politicians and the public to unbank industries or individuals deemed unsavory or problematic.\nRelated:Crypto-Friendly Brooks Gets Nod to Serve 5-Year Term Leading Bank Regulator\nIn its proposal, the regulator gave examples of banks being pressured by political boycotts to stop providing financial services to family planning organizations or shotgun and rifle makers.\n“Neither the OCC nor banks are well-equipped to balance risks unrelated to financial exposures and the operations required to deliver financial services,” the regulator wrote. “For example, climate change is a real risk, but so is the risk of foreign wars caused in part by U.S. energy dependence and the risk of blackouts caused by energy shortages … balancing these risks is the purview of Congress and Federal energy and environmental regulators” — in other words, not financial regulators or institutions.\nThe proposal is open for public comment through Jan. 4.\nThis week, President Donald J. Trump nominated acting Comptroller Brooks to be the permanent head of the OCC for afive-year stint. Congress has yet to vote on the nomination and the projected President-Elect, Joe Biden, may end up filling the post if Brooks isn’t confirmed by Jan. 20.\n• US Regulator Seeks End to Bank Deplatforming of ‘Disfavored’ Industries (Like Crypto)\n• US Regulator Seeks End to Bank Deplatforming of ‘Disfavored’ Industries (Like Crypto)', 'Call it the CPR after Operation Choke Point. The U.S. Office of the Comptroller of the Currency, a national bank regulator led by former Coinbase counsel Brian Books, has proposed a rule that would forbid banks to blacklist legal industries — including, presumably, cryptocurrency firms. Under the proposed rule, banks could deny financial services to customers only on the basis of “quantitative, risk-based standards established in advance,” not in response to political pressures. Related: Gemini Exchange Is Using ClearBank for UK Banking Services The proposal , published Friday in the Federal Register, does not mention cryptocurrency. But it will likely come as welcome news to businesses in the space, which have long struggled to obtain or keep bank accounts in the U.S. Crypto firms have long relied on a handful of banks—Silvergate Bank, Signature Bank, and Metropolitan Commercial Bank among them—for basic banking needs. On the other hand, if banks in the world’s largest economy were forbidden to discriminate against legitimate businesses, then all else equal , it could, in theory, undermine the appeal of permissionless , censorship-resistant payment systems such as Bitcoin . The OCC proposal specifically mentions Operation Choke Point , an Obama-era Justice Department initiative that was ostensibly meant to shut down only fraudulent businesses and payday lenders by pressuring banks to close their accounts. In practice, there appears to have been widespread collateral damage . “Government agencies (but not the OCC) were revealed to have pressured banks to cut off access to financial services to disfavored (but not unlawful) sectors of the economy,” according to the OCC’s proposal. These included the firearm and coal industries. Operation Choke Point ended officially in late 2017, but financial intermediaries still receive pressure from politicians and the public to unbank industries or individuals deemed unsavory or problematic. Story continues Related: Crypto-Friendly Brooks Gets Nod to Serve 5-Year Term Leading Bank Regulator In its proposal, the regulator gave examples of banks being pressured by political boycotts to stop providing financial services to family planning organizations or shotgun and rifle makers. “Neither the OCC nor banks are well-equipped to balance risks unrelated to financial exposures and the operations required to deliver financial services,” the regulator wrote. “For example, climate change is a real risk, but so is the risk of foreign wars caused in part by U.S. energy dependence and the risk of blackouts caused by energy shortages … balancing these risks is the purview of Congress and Federal energy and environmental regulators” — in other words, not financial regulators or institutions. The proposal is open for public comment through Jan. 4. This week, President Donald J. Trump nominated acting Comptroller Brooks to be the permanent head of the OCC for a five-year stint . Congress has yet to vote on the nomination and the projected President-Elect, Joe Biden, may end up filling the post if Brooks isn’t confirmed by Jan. 20. Related Stories US Regulator Seeks End to Bank Deplatforming of ‘Disfavored’ Industries (Like Crypto) US Regulator Seeks End to Bank Deplatforming of ‘Disfavored’ Industries (Like Crypto)', 'Bitcoin, BTC to USD, rallied by 4.73% on Friday. Following on from a 0.25% gain on Thursday, Bitcoin ended the day at $18,660.0.\nIt was a mixed start to the day. Bitcoin slipped to an early morning intraday low $17,753 before making a move.\nSteering clear of the first major support level at $17,386, Bitcoin rallied to a late afternoon intraday high $18,810.0.\nBitcoin broke through the first major resistance level at $18,208 and the second major resistance level at $18,598.\nA late pullback saw Bitcoin briefly fall back through the second major resistance level before wrapping up the day at $18,600 levels.\nThe near-term bullish trend remained intact, supported by the latest move through to $18,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $9,657 to form a near-term bearish trend.\nAcross the rest of the majors, it was a bullish day on Friday.\nCardano’s ADA surged by 11.71% to lead the way.\nCrypto.com Coin (+9.45%), Ethereum (+8.16%), and Ripple’s XRP (+8.74%) also rallied on the day.\nBinance Coin (+3.04%), Bitcoin Cash SV (+5.05%), Chainlink (+3.49%), Litecoin (+1.25%), and Polkadot (+4.94%) trailed the front runners.\nIn the current week, the crypto total market cap rose from a Monday low $445.47bn to a Saturday morning high $526.31bn. At the time of writing, the total market cap stood at $522.55bn.\nBitcoin’s dominance fell to a Monday low 65.43% before rising to a Wednesday high 67.46%. At the time of writing, Bitcoin’s dominance stood at 66.94%.\nAt the time of writing, Bitcoin was up by 0.94% to $18,836.0. A mixed start to the day saw Bitcoin fall to an early morning low $18,629.4 before rising to a high $18,899.0.\nBitcoin left the major support and resistance levels untested early on.\nElsewhere, it was a mixed start to the day.\nBinance Coin was down by 0.15% to buck the trend early on.\nIt was a bullish start to the day for the rest of the majors, however.\nAt the time of writing, Crypto.com Coin was up by 6.71% to lead the way.\nBitcoin would need to avoid a fall through the pivot level at $18,408 to bring the first major resistance level at $19,062 into play.\nSupport from the broader market would be needed for Bitcoin to break through to $19,000 levels.\nBarring an extended crypto rally, the first major resistance level would likely cap any upside.\nIn the event of another crypto breakout, Bitcoin could test resistance at $19,500 before any pullback. The second major resistance level sits at $19,465.\nFailure to avoid a fall through the $18,408 pivot would bring the first major support level at $18,005 into play.\nBarring another extended crypto sell-off, Bitcoin should steer well clear of sub-$18,000 levels. The second major support level sits at $17,351.\nThisarticlewas originally posted on FX Empire\n• Natural Gas Price Prediction – Prices Consolidate Recent Losses\n• Gold Weekly Price Forecast – Gold Markets Form a Hammer\n• Gold Price Forecast – Gold Markets Continue to Find Buyers\n• USD/JPY Weekly Price Forecast – US Dollar Continues Grind Lower\n• Natural Gas Price Forecast – Natural Gas Markets Recover on Friday\n• Natural Gas Weekly Price Forecast – Natural Gas Finding Buyers', 'Bitcoin, BTC to USD, rallied by 4.73% on Friday. Following on from a 0.25% gain on Thursday, Bitcoin ended the day at $18,660.0. It was a mixed start to the day. Bitcoin slipped to an early morning intraday low $17,753 before making a move. Ste
**Last 60 Days of Bitcoin's Closing Prices:**
[10538.46, 10246.19, 10760.07, 10692.72, 10750.72, 10775.27, 10709.65, 10844.64, 10784.49, 10619.45, 10575.97, 10549.33, 10669.58, 10793.34, 10604.41, 10668.97, 10915.69, 11064.46, 11296.36, 11384.18, 11555.36, 11425.90, 11429.51, 11495.35, 11322.12, 11358.10, 11483.36, 11742.04, 11916.33, 12823.69, 12965.89, 12931.54, 13108.06, 13031.17, 13075.25, 13654.22, 13271.29, 13437.88, 13546.52, 13781.00, 13737.11, 13550.49, 13950.30, 14133.71, 15579.85, 15565.88, 14833.75, 15479.57, 15332.32, 15290.90, 15701.34, 16276.34, 16317.81, 16068.14, 15955.59, 16716.11, 17645.41, 17804.01, 17817.09, 18621.31]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2020-11-21
**Financial & Commodity Data:**
- Gold Closing Price: $1872.60
- Crude Oil Closing Price: $42.15
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $350,439,214,150
- Hash Rate: 147831351.5740483
- Transaction Count: 311189.0
- Unique Addresses: 663959.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.91
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Grayscale Investments, the world's largest digital currency asset manager, says it raised $1.05 billion for investment products during the third quarter of 2020 — the largest inflow of funds from investors a single quarter in Grayscale’s history.
On Wednesday the firm released a comprehensive report detailing its latest investment activity. According to the report, the vast majority of its investments (81%) in the third quarter came from institutional investors.
For all of 2020, Grayscale’s investments total $2.4 billion — double the total of $1.2 billion that has been invested in Grayscale products between 2013 and 2019.
Grayscale Bitcoin Trust is one of the fastest-growing investment products, with inflows of $719.3 million in the third quarter. In total, the company had over $5.9 billion in managed assets as of Sept. 30, 2020.
© 2020 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice....
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
18370.00, 18364.12, 19107.46, 18732.12, 17150.62, 17108.40, 17717.41, 18177.48, 19625.84, 18803.00
|
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Bitcoin, BTC to USD, ended the day flat at $18,660.0 on Saturday. On Friday, Bitcoin had rallied by 4.73%. It was a bullish start to the day. Bitcoin rallied to an early morning intraday high and new swing hi $18,945.0 before hitting reverse. Falling short of the first major resistance level at $19,062, Bitcoin fell to a mid-day intraday low $18,323.0. Steering clear of the first major support level at $18005, Bitcoin briefly revisited $18,800 levels before easing back. The near-term bullish trend remained intact, supported by the latest move through to $18,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $9,709 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was a bullish day on Saturday. Ripple’s XRP surged by a whopping 39.95% to lead the way. Bitcoin Cash SV (+16.00%), Cardano’s ADA (+12.69%), Chainlink (+9.81%), Ethereum (+8.35%), Polkadot (+10.33%), and Ripple’s XRP (+8.74%) also made strong gains. Binance Coin (+5.23%), Crypto.com Coin (+0.55%), Litecoin (+5.43%), trailed the front runners, however. In the current week, the crypto total market cap rose from a Monday low $445.47bn to a Saturday high $544.20bn. At the time of writing, the total market cap stood at $529.35bn. Bitcoin’s dominance rose to a Wednesday high 67.46% before sliding to an early Sunday low of 64.32%. At the time of writing, Bitcoin’s dominance stood at 64.95%. This Morning At the time of writing, Bitcoin was down by 0.95% to $18,482.0. A mixed start to the day saw Bitcoin rise to an early morning high $18,732.0 before falling to an early morning low $18,415.0. Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was a bearish start to the day. At the time of writing, Ripple’s XRP was down by 5.45% to lead the way down. For the Bitcoin Day Ahead Bitcoin would need to move back through the pivot level at $18,643 to bring the first major resistance level at $18,962 into play. Story continues Support from the broader market would be needed for Bitcoin to break back through to $18,900 levels. Barring an extended crypto rally, the first major resistance level would likely cap any upside. In the event of another crypto breakout, Bitcoin could test resistance at $19,500 before any pullback. The second major resistance level sits at $19,265. Failure to move back through the $18,643 pivot would bring the first major support level at $18,340 into play. Barring another extended crypto sell-off, Bitcoin should steer well clear of sub-$18,000 levels. The second major support level at $18,021 should limit any downside. This article was originally posted on FX Empire More From FXEMPIRE: Natural Gas Price Prediction – Prices Consolidate Recent Losses The Weekly Wrap – COVID-19 and U.S Politics Drove Risk Sentiment Crude Oil Weekly Price Forecast – Crude Oil Continues to Grind Higher The Week Ahead – Private Sector PMIs, COVID-19, Brexit, and Capitol Hill in Focus Crude Oil Price Forecast – Crude Oil Continues to Find Resistance US Stocks Drift Lower in Reaction to Dwindling Financial Aid, Rising Virus Rates', 'Bitcoin, BTC to USD, ended the day flat at $18,660.0 on Saturday. On Friday, Bitcoin had rallied by 4.73%. It was a bullish start to the day. Bitcoin rallied to an early morning intraday high and new swing hi $18,945.0 before hitting reverse. Falling short of the first major resistance level at $19,062, Bitcoin fell to a mid-day intraday low $18,323.0. Steering clear of the first major support level at $18005, Bitcoin briefly revisited $18,800 levels before easing back. The near-term bullish trend remained intact, supported by the latest move through to $18,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $9,709 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was a bullish day on Saturday. Ripple’s XRP surged by a whopping 39.95% to lead the way. Bitcoin Cash SV (+16.00%), Cardano’s ADA (+12.69%), Chainlink (+9.81%), Ethereum (+8.35%), Polkadot (+10.33%), and Ripple’s XRP (+8.74%) also made strong gains. Binance Coin (+5.23%), Crypto.com Coin (+0.55%), Litecoin (+5.43%), trailed the front runners, however. In the current week, the crypto total market cap rose from a Monday low $445.47bn to a Saturday high $544.20bn. At the time of writing, the total market cap stood at $529.35bn. Bitcoin’s dominance rose to a Wednesday high 67.46% before sliding to an early Sunday low of 64.32%. At the time of writing, Bitcoin’s dominance stood at 64.95%. This Morning At the time of writing, Bitcoin was down by 0.95% to $18,482.0. A mixed start to the day saw Bitcoin rise to an early morning high $18,732.0 before falling to an early morning low $18,415.0. Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was a bearish start to the day. At the time of writing, Ripple’s XRP was down by 5.45% to lead the way down. For the Bitcoin Day Ahead Bitcoin would need to move back through the pivot level at $18,643 to bring the first major resistance level at $18,962 into play. Story continues Support from the broader market would be needed for Bitcoin to break back through to $18,900 levels. Barring an extended crypto rally, the first major resistance level would likely cap any upside. In the event of another crypto breakout, Bitcoin could test resistance at $19,500 before any pullback. The second major resistance level sits at $19,265. Failure to move back through the $18,643 pivot would bring the first major support level at $18,340 into play. Barring another extended crypto sell-off, Bitcoin should steer well clear of sub-$18,000 levels. The second major support level at $18,021 should limit any downside. This article was originally posted on FX Empire More From FXEMPIRE: Natural Gas Price Prediction – Prices Consolidate Recent Losses The Weekly Wrap – COVID-19 and U.S Politics Drove Risk Sentiment Crude Oil Weekly Price Forecast – Crude Oil Continues to Grind Higher The Week Ahead – Private Sector PMIs, COVID-19, Brexit, and Capitol Hill in Focus Crude Oil Price Forecast – Crude Oil Continues to Find Resistance US Stocks Drift Lower in Reaction to Dwindling Financial Aid, Rising Virus Rates', 'MANILA, PHILIPPINES / ACCESSWIRE / November 21, 2020 / T inaga Resorts Corp (TRC ) confirmed that its Tokens went on sale on pre-sale on November 16, 2020 at www.tinagaislandresort.com . This pre-listing sale is at 50% off ($0.10 per token) until $1 million worth of the tokens are sold, then the price increases to $0.20 per token. This STO is the largest in Asia this year and the first such in the world involving a marquee beach resort. The beach was voted one of the best beaches in Philippines and our lot is the best lot on beach. https://www.pwc.com/ph/en/gems/calaguas.html . The Tinaga Island Resort Token "TIRC" Valuation: The land valuation is $8.40M. Our budget is $12.6M to build the resort. The asset will continually appreciate as we secure a 5-star resort hotel management company, a world renowned architect, and then build the resort. Your ownership via the TIRC token is pro-rata of this valuation. Income: Additional revenue returns will commence from December 2021 by the ‘off-plan\' private sales of the luxury villas. The first stage approximately 20 villas will generate approximately $15M. Second stage will be another $30M in sales. The net income from these sales will be shared pro-rata with token holders in 2023-24. Driving Token Value: From the outset, we will drive value in the token but revealing partners (architects, interior designers, etc.) adding exchanges, revealing the \'green paper\', 5-star hotel management company and a host of other announcements. Resort Operations: The Tinaga Luxury Resort will begin operations in approximately December 2024. Once operational, the token will generate profit from the hotel operations. Summary: Ownership in TIRC Tokens allows you to enjoy income from the villas sales and hotel operations. And the appreciating real estate asset as we secure hotel management, an architect, interior designers etc. This digital security was issued on the Ravencoin Blockchain. "We are thrilled to see the Tinaga Resorts TIRC digital security on the Ravencoin blockchain", said Tron Black, lead developer of Ravencoin. "Tokenizing and trading private securities like TIRC will be the future model that will enable broader investor access, provide liquidity optionality, and reduce the cost of capital." We started selling TIRC on November 16, 2020 on our website at $0.10 per token (50% discount). TIRC token sales (with limited pre-listing discount) went on sale November 16, 2020 until the allocation of US$1 million is sold out. TIRC intends to trade its token on the CryptoSX exchange in Q1, 2021. CryptoSX is a fully licensed and regulated Digital Assets Exchange that allows issuers to tokenize and investors to buy and sell digital assets including assisting issuers to securitize assets, such as public company securities, real estate, art, antiques and other valuable assets. The Exchange recently integrated itself with Ravencoin to accommodate STO\'s utilizing its blockchain. Along with its existing Ethereum platform, it intends to become fully compliant with the U.S. Securities and Exchange Commission and with FINRA. CryptoSX welcomes companies from around the world to securitize their assets, raise capital for business development and expansion and as a platform for secondary trading. Story continues For more information about purchasing our STO\'s please click on this link: https://tinagaislandresort.medium.com . About Ravencoin Ravencoin (RVN) is a decentralized peer-to-peer network designed to efficiently handle one specific function: the transfer of assets from one party to another. Built on a fork of the Bitcoin code, the proof-of-work Ravencoin platform was launched January 3rd, 2018 and is a truly open source project (no ICO, no pre-
**Last 60 Days of Bitcoin's Closing Prices:**
[10246.19, 10760.07, 10692.72, 10750.72, 10775.27, 10709.65, 10844.64, 10784.49, 10619.45, 10575.97, 10549.33, 10669.58, 10793.34, 10604.41, 10668.97, 10915.69, 11064.46, 11296.36, 11384.18, 11555.36, 11425.90, 11429.51, 11495.35, 11322.12, 11358.10, 11483.36, 11742.04, 11916.33, 12823.69, 12965.89, 12931.54, 13108.06, 13031.17, 13075.25, 13654.22, 13271.29, 13437.88, 13546.52, 13781.00, 13737.11, 13550.49, 13950.30, 14133.71, 15579.85, 15565.88, 14833.75, 15479.57, 15332.32, 15290.90, 15701.34, 16276.34, 16317.81, 16068.14, 15955.59, 16716.11, 17645.41, 17804.01, 17817.09, 18621.31, 18642.23]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2020-11-22
**Financial & Commodity Data:**
- Gold Closing Price: $1872.60
- Crude Oil Closing Price: $42.15
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $350,439,214,150
- Hash Rate: 152205060.20049945
- Transaction Count: 271125.0
- Unique Addresses: 587237.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.94
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: The cost of doing transactions on bitcoin is surging while the network suffers its worst congestion in nearly three years. As of Wednesday, the mean fee per transaction, or the average transaction cost, was 0.00086764 BTC , the highest since June 2018, according to data source Glassnode . In dollar terms, the average transaction fee was $11.66. Average fees in bitcoin terms have increased by 573% in the past 12 days alongside the cryptocurrencys price rally from $11,200 to $13,800. Related: First Mover: Bitcoin Heads for 24% October Gain as US Election Countdown Begins Bitcoin mempool [memory pool] is back in focus in the wake of rising transaction volumes, causing congestion in the network and consequently driving fees higher, Denis Vinokourov, head of research at the London-based prime brokerage Bequant, told CoinDesk. Mempool is the collection of unconfirmed transactions. When bitcoin transactions are executed, they are first sent to the mempool, where they wait for approval by miners. Bitcoin miners can process only 1 megabyte (MB) worth of transactions per block mined roughly every 10 minutes. When the blockchain experiences a rise in traffic, it causes delays and a backlog of transactions. As demand outstrips supply, miners increase their revenue by prioritizing transactions with higher fees. That, in turn, forces other users to offer higher fees to avoid long waiting times. Network congestion is usually seen during price rallies. As noted earlier, bitcoin has chalked out a significant rise over the past 12 days. During that time frame, network congestion, as measured by the total number of unconfirmed transactions in the mempool, worsened by 1,800%. Related: Bitcoin Traders Can Now Bet on $40K Price With New Deribit Options As of Tuesday, there were 121,340 unconfirmed transactions in the mempool with a total block size of 66.8 MB. According to data source blockchain.com, thats the highest level since the bull market frenzy of December 2018. Story continues Hashrate drop contributes to congestion The recent slide in bitcoins hashrate looks to have played a big role in causing network congestion along with a general price-driven pickup in activity. In other words, the mining power dedicated to approving transactions and mining blocks has gone down amid the price rally, boosting waiting times and network congestion. The seven-day moving average of bitcoins hashrate has declined from 146 exahashes per second (EH/s) to 120 EH/s. In other words, the mining power available to approving transactions and mining blocks has gone down amid the price rally, boosting waiting times and network congestion. With the end of the rainy season in Chinas Sichuan province, a mining hub, some miners may be shifting to other areas with cheap hydroelectricity sources, causing a drop in the hashrate. Related Stories Bitcoin Transaction Fees Rise to 28-Month High as Hashrate Drops Amid Price Rally Bitcoin Transaction Fees Rise to 28-Month High as Hashrate Drops Amid Price Rally...
- Reddit Posts (Sample): [['u/The_Bitcoin_Dude', 'Attention NEW Bitcoiners: Security tips to get you started.', 60, '2020-11-22 00:11', 'https://www.reddit.com/r/Bitcoin/comments/jykp1f/attention_new_bitcoiners_security_tips_to_get_you/', "Hi, everyone \n\nWith the large influx of new Bitcoiners I thought I would share some basic security measures. Please feel free to add your input and suggest others!\n\n* **Never Share your recovery phrase with anyone!!!!**\n* Place your recovery phrase in a secure place\n* Use a hardware wallet (not your keys not your coin)\n* Don't expose how much Bitcoin you have... to anyone\n* Never invest more than you can afford to lose\n* Always review the address you are sending bitcoin to (your clipboard could be compromised)\n* Continuously educate yourself on why you are buying/have bought Bitcoin.\n\nThis is a brief overview of how you can be more secure. If you have any questions on the above bullet points, please feel free to ask for clarification!\n\n\\-The Bitcoin Dude", 'https://www.reddit.com/r/Bitcoin/comments/jykp1f/attention_new_bitcoiners_security_tips_to_get_you/', 'jykp1f', [['u/Dosagu', 11, '2020-11-22 01:05', 'https://www.reddit.com/r/Bitcoin/comments/jykp1f/attention_new_bitcoiners_security_tips_to_get_you/gd4sti1/', "I dont have mucho bitcoin since i can't affort much (i'm in Venezuela, so got this amount of coins with lots of effort), but is there a wallet i can install on my pc than you guys would recomend. U cand buy trezor, since it cost more than the amount of btc i got", 'jykp1f'], ['u/wertwert2000', 11, '2020-11-22 01:45', 'https://www.reddit.com/r/Bitcoin/comments/jykp1f/attention_new_bitcoiners_security_tips_to_get_you/gd4xak3/', 'Electrum or wasabi are good choices', 'jykp1f']]], ['u/Ordinary_investor', 'Bernie Madoff and bitcoin', 27, '2020-11-22 00:50', 'https://www.reddit.com/r/StockMarket/comments/jylc71/bernie_madoff_and_bitcoin/', ' **People have sent me few privates asking for references/proof:**\n\n**Here is CLASS ACTION COMPLAINT by United States district court Southern district of New York, which goes into much detail about the topic:**\n\n[https://www.courthousenews.com/wp-content/uploads/2020/01/Bitcoin.pdf](https://www.courthousenews.com/wp-content/uploads/2020/01/Bitcoin.pdf)\n\nHi community!\n\nThose who do not know, before the Madoff ponzi collapsed, B. Madoff was chairman of Nasdaq and very well respected among the circles. Few years later, Securities Investor Protection Corporation (SIPC) trustee estimated actual losses to investors of $18 billion. It is reason why i am posting this as hopefully i will save few people from losing their money in the coming years by investing into cryptocurrencies.\n\nI will keep it short and simple and not go much into technical details, but i assure you anyone willing to google, there is plenty of detailed proof and research into the topic.\n\nBitcoin price has increased through this year **mainly** only because the fact that there is a mechanism in which dollar "equivalent", called tether, which is almost entirely unpacked by fiat (unofficial claim by tether treasury is, that they are packed by dollar equivalent, which in this case means bitcoin itself, which is ridiculous in itself), is being used to prop up the price of bitcoin by buying it off all the major exchanges, such as Binance, Huobi, Coinbase, Kraken etc. There is hardly any real retail interest and all the major counter points, used by the crypto community (such as insitutional demand, billionaires buying before you, Paypal, Square, Micro etc) is all smoke and mirrors, in hopes that retail will come and buy into the ponzi pyramid.\n\nWhy i mentioned Madoff, is because just few days back, total tether in circulation also crossed the SIPC mentioned $18B, currently already at $18.4B. This year alone so called Tether Treasury has issued >14B new tethers, claiming exponential increase in demand. As a comparison, at the peak of the 2017 crypto mania, there were only total of 1.4B printed through whole year. And tether is only one of the quite a few noteworthy other stablecoins, which i wont go into currently, but they also feed into the loop/system, of proping up the price. Simple example being DEFI, where Ethereum is being used as an collateral, for person to take out a loan in so called stable coins, which then on majority of cases, is used again to purchase even more ethereum. In Laymans terms, being used as a simple leverage multiplier tool with interest payment. But is defined by community, as somewhat of a groundbreaking new invention. Which i agree, it somewhat would be, if used for the real world purposes, not as a simple leverage tool.\n\nHere is a chart i put together, which should make it rather obvious for anyone taking a quick look.\n\nIt includes last 4 years of bitcoin price, tether printing and retail interest on one chart:\n\n[**https://imgur.com/i78BTXg**](https://imgur.com/i78BTXg)\n\nI will also leave you with a comic strip, that i had made, which describes the last 4 years of Bitcoin (and cryptocurrency asset class) tether addiction:\n\n[**https://imgur.com/fPDm2VX**](https://imgur.com/fPDm2VX)\n\nPS *I just want to add, that in my opinion, main issue with bitcoin and all of cryptocurrency space is more precisely what it has become, a big ponzi pyramid. On top of that, tether treasury (and those involved) has completely taken over the space and what they are doing, will eventually leave many people financially ruined (because they do not any better or know, but still are willing to risk) and unfortunately them probably much more rich.*\n\n*I must add, that i would be significantly more acceptable with this global huge economy project/test, if it would lead its way in natural course, without middleman mafia, which currently, in Laymans terms, pumps the price with nothing but air, to eventually sell to a greater fool. If it would naturally succeed, as in new age gold 2.0, more gradually, actually being implemented into payment/financial systems etc, actually represent the alternative to government money, money for people, i would be alot more comfortable to let it run its course and see if it perhaps succeeds.*\n\n*Bitcoin has lost all of what it was supposed to represent and where it was supposed to develop as a technology. There are many reasons why it has gone as such, it is not really topic to discuss here.*', 'https://www.reddit.com/r/StockMarket/comments/jylc71/bernie_madoff_and_bitcoin/', 'jylc71', [['u/redditspeechcensor', 23, '2020-11-22 03:02', 'https://www.reddit.com/r/StockMarket/comments/jylc71/bernie_madoff_and_bitcoin/gd58t59/', 'I guess this guy is going to be standing on the sidelines as bitcoin hits 300-500k soon like Wall Street analysts have suggested.', 'jylc71'], ['u/velvetlicker', 45, '2020-11-22 03:22', 'https://www.reddit.com/r/StockMarket/comments/jylc71/bernie_madoff_and_bitcoin/gd5c86e/', 'Lol see you from the moon', 'jylc71'], ['u/pnwmike', 15, '2020-11-22 03:31', 'https://www.reddit.com/r/StockMarket/comments/jylc71/bernie_madoff_and_bitcoin/gd5drcd/', 'Tether market cap is ~$18.5 like you said. Tether is not just used by those trading bitcoin, but also those trading all cryptos available through their exchange. Bitcoin market cap is ~341 billion. Total crypto market cap is ~532 billion. Assuming all of the tether manipulation is focused solely on Bitcoin, you think Tether has been printed to manipulate the price of Bitcoin by 5%? Isn’t it more likely that increased participation in the crypto marketplace has led to more people storing cash on the exchanges in the form of Tether?', 'jylc71'], ['u/BeardedMan32', 29, '2020-11-22 03:39', 'https://www.reddit.com/r/StockMarket/comments/jylc71/bernie_madoff_and_bitcoin/gd5f31d/', 'I don’t invest in Bitcoin but Madoff is not a good comparison. Madoff told investors he had X amount of money that simply did not exist. Bitcoin exists but the value of it is highly debatable.', 'jylc71'], ['u/natterdog1234', 16, '2020-11-22 05:13', 'https://www.reddit.com/r/StockMarket/comments/jylc71/bernie_madoff_and_bitcoin/gd5pwfq/', 'Well if Wall Street analysts said it, it must be true. After all those Wall Street boys always have your best interests in mind', 'jylc71'], ['u/jsr92491', 24, '2020-11-22 05:16', 'https://www.reddit.com/r/StockMarket/comments/jylc71/bernie_madoff_and_bitcoin/gd5qbmn/', 'What if I told you that the biggest asset manager in the world is about to file with the SEC for permission to buy Bitcoin', 'jylc71'], ['u/zammai', 12, '2020-11-22 06:35', 'https://www.reddit.com/r/StockMarket/comments/jylc71/bernie_madoff_and_bitcoin/gd62vc7/', 'Also it has been argued that the entire stock market is inherently a ponzi structure. Where we are depending on others to purchase what we want to sell at a higher price than we paid for it. \n\nBecause without the other party buying we are left holding the bag. \n\nSo if this is the argument with Bitcoin it is very weak.', 'jylc71'], ['u/assenderp', 10, '2020-11-22 08:18', 'https://www.reddit.com/r/StockMarket/comments/jylc71/bernie_madoff_and_bitcoin/gd6i27o/', "This would only apply from a trading perspective. When you focus on cash flow/look at it as a business owner, you focus on the actual value the company will generate and return to you as a shareholder. One may argue the intersubjectivity of it all, which would be correct, but I really don't invest hoping that someone is willing to pay more for the stock I bought.\n\nI do like your comparison, though. Because bubbles are looking like a ponzi structure and in a crash, when no one is willing to buy, you are left holding the bag.", 'jylc71']]], ['u/jarederaj', 'Major Moon Math Update: The case for 1M USD/BTC by the end of 2021', 184, '2020-11-22 03:48', 'https://www.reddit.com/r/BitcoinMarkets/comments/jyo4oa/major_moon_math_update_the_case_for_1m_usdbtc_by/', "##Major Moon Math Update: The case for 1M USD/BTC by the end of 2021\n\nhttps://www.moonmath.win\n\nIf you’re a r...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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18364.12, 19107.46, 18732.12, 17150.62, 17108.40, 17717.41, 18177.48, 19625.84, 18803.00, 19201.09
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Bitcoin Bitcoin rallied by 15.20% in the week ending 22 nd November. Following a 3.00% gain from the week prior, Bitcoin ended the week at $18,392.0. It was a bullish week. Bitcoin rallied from a Monday intraweek low $15,874.0 to a Saturday intraweek high and a new swing hi $18,945.0. The rally saw Bitcoin break through the first major resistance level at $16,684 and the second major resistance level at $17,402. Coming up against resistance at $19,000, however, Bitcoin fell back on Sunday to end the week at sub-$18,500 levels. 5 days in the green that included a 5.72% rally on Tuesday and a 4.73% gain on Friday delivered the upside for the week. For the week ahead Bitcoin would need to avoid a fall through $17,737 pivot to support a run at the first major resistance level at $19,600. Support from the broader market would be needed for Bitcoin to break out from last week\x92s high $18,945.0. Barring an extended crypto rally, the first major resistance level would likely cap any upside. In the event of another breakout, Bitcoin could test the second major resistance level at $20,808. Failure to avoid a fall through the $17,737 pivot would bring the first major support level at $16,529 into play. Barring an extended sell-off, however, Bitcoin should steer clear of sub-$16,000 support levels. The second major support level sits at $14,666. At the time of writing, Bitcoin was down by 0.95% to $18,217.0. A mixed start to the day saw Bitcoin rise to an early morning high $18,498.0 before falling to a low $18,003.0 Bitcoin left the major support and resistance levels untested at the start of the week. Ripple\x92s XRP Ripple\x92s XRP surged by 60.90% in the week ending 22 nd November. Following on from a 6.29% rally from the previous week, Ripple\x92s XRP ended the week at $0.44669. It was also a bullish week. Ripple\x92s XRP rallied from a Monday intraweek low $0.26767 to a Sunday intraweek high $0.4980. Ripple\x92s XRP broke through the week\x92s major resistance levels. More significantly, however, Ripple\x92s XRP broke through the 23.6% FIB of $0.3134 and the 38.2% FIB of $0.4392. Story continues The bearish end to the week saw Ripple\x92s XRP fall back to $0.40 levels before wrapping up the week at $0.44 levels. 5-days in the green that included a 39.95% jump on Saturday delivered the upside for the week. For the week ahead Ripple\x92s XRP would need to avoid a fall through 38.2% FIB and the $0.4041 pivot level to support a run at the first major resistance level at $0.5406. Support from the broader market would be needed, however, for Ripple\x92s XRP to break out from last week\x92s high $0.4980. Barring another extended crypto rally, the first major resistance level would likely cap any upside. In the event of another breakout, Ripple\x92s XRP could test the second major resistance level at $0.6345 before any pullback. Failure to avoid a fall through the 38.2% FIB and the $0.4041 pivot would bring the 23.6% FIB of 0.3134 and the first major support level at $0.3102 into play. Barring an extended crypto market sell-off, however, Ripple\x92s XRP should steer clear of sub-$0.30 levels, however. The second major support level sits at $0.1738. At the time of writing, Ripple\x92s XRP was up by 1.29% to $0.45246. A bullish start to the week saw Ripple\x92s XRP fall to an early Monday morning low $0.43266 before striking a high $0.45485. Ripple\x92s XRP left the major support and resistance levels untested at the start of the week. This article was originally posted on FX Empire More From FXEMPIRE: U.S Mortgage Rates Hit a 13th Record Low for the Year US Stock Market Overview \x96 Stock Close Mixed; JP Morgan Forecasts Contraction in Q1 Ethereum, Litecoin, and Ripple\x92s XRP \x96 Daily Tech Analysis \x96 November 21st, 2020 Gold Forecast \x96 Gold Must Hold Critical Support Near $1850 European Equities: A Week in Review \x96 20/11/20 The Crypto Daily \x96 Movers and Shakers \x96 November 22nd, 2020', 'Bitcoin rallied by 15.20% in the week ending 22ndNovember. Following a 3.00% gain from the week prior, Bitcoin ended the week at $18,392.0.\nIt was a bullish week. Bitcoin rallied from a Monday intraweek low $15,874.0 to a Saturday intraweek high and a new swing hi $18,945.0.\nThe rally saw Bitcoin break through the first major resistance level at $16,684 and the second major resistance level at $17,402.\nComing up against resistance at $19,000, however, Bitcoin fell back on Sunday to end the week at sub-$18,500 levels.\n5 days in the green that included a 5.72% rally on Tuesday and a 4.73% gain on Friday delivered the upside for the week.\nBitcoin would need to avoid a fall through $17,737 pivot to support a run at the first major resistance level at $19,600.\nSupport from the broader market would be needed for Bitcoin to break out from last week’s high $18,945.0.\nBarring an extended crypto rally, the first major resistance level would likely cap any upside.\nIn the event of another breakout, Bitcoin could test the second major resistance level at $20,808.\nFailure to avoid a fall through the $17,737 pivot would bring the first major support level at $16,529 into play.\nBarring an extended sell-off, however, Bitcoin should steer clear of sub-$16,000 support levels. The second major support level sits at $14,666.\nAt the time of writing, Bitcoin was down by 0.95% to $18,217.0. A mixed start to the day saw Bitcoin rise to an early morning high $18,498.0 before falling to a low $18,003.0\nBitcoin left the major support and resistance levels untested at the start of the week.\nRipple’s XRP surged by 60.90% in the week ending 22ndNovember. Following on from a 6.29% rally from the previous week, Ripple’s XRP ended the week at $0.44669.\nIt was also a bullish week. Ripple’s XRP rallied from a Monday intraweek low $0.26767 to a Sunday intraweek high $0.4980.\nRipple’s XRP broke through the week’s major resistance levels. More significantly, however, Ripple’s XRP broke through the 23.6% FIB of $0.3134 and the 38.2% FIB of $0.4392.\nThe bearish end to the week saw Ripple’s XRP fall back to $0.40 levels before wrapping up the week at $0.44 levels.\n5-days in the green that included a 39.95% jump on Saturday delivered the upside for the week.\nRipple’s XRP would need to avoid a fall through 38.2% FIB and the $0.4041 pivot level to support a run at the first major resistance level at $0.5406.\nSupport from the broader market would be needed, however, for Ripple’s XRP to break out from last week’s high $0.4980.\nBarring another extended crypto rally, the first major resistance level would likely cap any upside.\nIn the event of another breakout, Ripple’s XRP could test the second major resistance level at $0.6345 before any pullback.\nFailure to avoid a fall through the 38.2% FIB and the $0.4041 pivot would bring the 23.6% FIB of 0.3134 and the first major support level at $0.3102 into play.\nBarring an extended crypto market sell-off, however, Ripple’s XRP should steer clear of sub-$0.30 levels, however. The second major support level sits at $0.1738.\nAt the time of writing, Ripple’s XRP was up by 1.29% to $0.45246. A bullish start to the week saw Ripple’s XRP fall to an early Monday morning low $0.43266 before striking a high $0.45485.\nRipple’s XRP left the major support and resistance levels untested at the start of the week.\nThisarticlewas originally posted on FX Empire\n• U.S Mortgage Rates Hit a 13th Record Low for the Year\n• US Stock Market Overview – Stock Close Mixed; JP Morgan Forecasts Contraction in Q1\n• Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – November 21st, 2020\n• Gold Forecast – Gold Must Hold Critical Support Near $1850\n• European Equities: A Week in Review – 20/11/20\n• The Crypto Daily – Movers and Shakers – November 22nd, 2020', 'Bitcoin rallied by 15.20% in the week ending 22ndNovember. Following a 3.00% gain from the week prior, Bitcoin ended the week at $18,392.0.\nIt was a bullish week. Bitcoin rallied from a Monday intraweek low $15,874.0 to a Saturday intraweek high and a new swing hi $18,945.0.\nThe rally saw Bitcoin break through the first major resistance level at $16,684 and the second major resistance level at $17,402.\nComing up against resistance at $19,000, however, Bitcoin fell back on Sunday to end the week at sub-$18,500 levels.\n5 days in the green that included a 5.72% rally on Tuesday and a 4.73% gain on Friday delivered the upside for the week.\nBitcoin would need to avoid a fall through $17,737 pivot to support a run at the first major resistance level at $19,600.\nSupport from the broader market would be needed for Bitcoin to break out from last week’s high $18,945.0.\nBarring an extended crypto rally, the first major resistance level would likely cap any upside.\nIn the event of another breakout, Bitcoin could test the second major resistance level at $20,808.\nFailure to avoid a fall through the $17,737 pivot would bring the first major support level at $16,529 into play.\nBarring an extended sell-off, however, Bitcoin should steer clear of sub-$16,000 support levels. The second major support level sits at $14,666.\nAt the time of writing, Bitcoin was down by 0.95% to $18,217.0. A mixed start to the day saw Bitcoin rise to an early morning high $18,498.0 before falling to a low $18,003.0\nBitcoin left the major support and resistance levels untested at the start of the week.\nRipple’s XRP surged by 60.90% in the week ending 22ndNovember. Following on from a 6.29% rally from the previous week, Ripple’s XRP ended the week at $0.44669.\nIt was also a bullish week. Ripple’s XRP rallied from a Monday intraweek low $0.26767 to a Sunday intraweek high $0.4980.\nRipple’s XRP broke through the week’s major resistance levels. More significantly, however, Ripple’s XRP broke through the 23.6% FIB of $0.3134 and the 38.2% FIB of $0.4392.\nThe bearish end to the week saw Ripple’s XRP fall back to $0.40 levels before wrapping up the week at $0.44 levels.\n5-days in the green
**Last 60 Days of Bitcoin's Closing Prices:**
[10760.07, 10692.72, 10750.72, 10775.27, 10709.65, 10844.64, 10784.49, 10619.45, 10575.97, 10549.33, 10669.58, 10793.34, 10604.41, 10668.97, 10915.69, 11064.46, 11296.36, 11384.18, 11555.36, 11425.90, 11429.51, 11495.35, 11322.12, 11358.10, 11483.36, 11742.04, 11916.33, 12823.69, 12965.89, 12931.54, 13108.06, 13031.17, 13075.25, 13654.22, 13271.29, 13437.88, 13546.52, 13781.00, 13737.11, 13550.49, 13950.30, 14133.71, 15579.85, 15565.88, 14833.75, 15479.57, 15332.32, 15290.90, 15701.34, 16276.34, 16317.81, 16068.14, 15955.59, 16716.11, 17645.41, 17804.01, 17817.09, 18621.31, 18642.23, 18370.00]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2020-11-23
**Financial & Commodity Data:**
- Gold Closing Price: $1837.80
- Crude Oil Closing Price: $43.06
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $342,254,214,000
- Hash Rate: 128587033.61766332
- Transaction Count: 297840.0
- Unique Addresses: 671932.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.90
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Paul Tudor Jones II, a billionaire pioneer of the modern hedge fund industry, said he’s even more bullish onbitcoinand lauded the “intellectual capital” behind the leading cryptocurrency in a Thursdayinterviewon CNBC.
• Jones said he has been “surprised” by the “enormous contention of really, really smart and sophisticated people who believe” in bitcoin and work to see it adopted as a store of value, a group that Jones referred to as the “great intellectual capital” behind bitcoin.
• “I like bitcoin even more now than I did then,” Jones said, referring to his May appearance on the show when heannounceda single-digit percentage portfolio allocation to bitcoin. “I think we’re in the first inning of bitcoin.”
Read also:PayPal Embraces Crypto, Igniting Market as Mainstream Adoption Inches Closer
• Hedge Fund Billionaire Tudor Jones Says Bitcoin Rally Only in ‘First Inning’: Report
• Hedge Fund Billionaire Tudor Jones Says Bitcoin Rally Only in ‘First Inning’: Report
• Hedge Fund Billionaire Tudor Jones Says Bitcoin Rally Only in ‘First Inning’: Report
• Hedge Fund Billionaire Tudor Jones Says Bitcoin Rally Only in ‘First Inning’: Report...
- Reddit Posts (Sample): [['u/ThisGuyNeedsABeer', 'Are there crypto mentors? I think I need one.', 39, '2020-11-23 01:36', 'https://www.reddit.com/r/CryptoCurrency/comments/jz77hd/are_there_crypto_mentors_i_think_i_need_one/', "So, due to some unavoidable circumstances and bad investments etc, I've got next to no retirement. And I'm 50. I keep trying to get into this and I follow this sub, but a lot of the terminologies are alien to me and I don't really know where to start. I plan on investing a little every month and I need to know where to start. I kinda want someone to hold my hand explain the hows and whys, and give me an idea how to differentiate between shitcoins, promising coins, and blue-chip stuff. I have a bittrex account and trade back and forth once in a while. When I see something trending. \n\nI feel like I'm a little late for the show on bitcoin, but wanna get involved.\n\nAre there any reputable teachers, mentors, learning courses etc?", 'https://www.reddit.com/r/CryptoCurrency/comments/jz77hd/are_there_crypto_mentors_i_think_i_need_one/', 'jz77hd', [['u/New_Diet', 25, '2020-11-23 02:58', 'https://www.reddit.com/r/CryptoCurrency/comments/jz77hd/are_there_crypto_mentors_i_think_i_need_one/gdafbiz/', 'Use Binance Academy. Excellent site to learn just about anything about crypto. \n\nhttps://academy.binance.com/en', 'jz77hd'], ['u/submawho', 10, '2020-11-23 03:06', 'https://www.reddit.com/r/CryptoCurrency/comments/jz77hd/are_there_crypto_mentors_i_think_i_need_one/gdag41s/', "Hey mate, I'm genuinely sorry that you've got no retirement, it's a sucky position to be in. The reality of the situation is everyone is out to make money, and often especially in this space, that means people will use you for their own gain.\n\nI'd offer you a warning: beware of people offering you 'the next best thing'. It sounds cliché, but the best you can do is ask for suggestions from the hivemind and research each one for their value proposition.\n\nA couple of years ago, I made a few threads about the projects I was interested in - [Building a balanced portfolio](https://np.reddit.com/r/CryptoMarkets/comments/7oxw9q/building_a_balanced_portfolio_top_picks_for/). The criteria I invested in were:\n\n* Solid and usable technology\n\n* Clear future use-case\n\n* Transparent researchable team\n\n* Evidence of active GitHub or code or working product\n\n* Token has value within the project (inherently part of the ecosystem)\n\nIn hindsight, I've seen projects with good fundamentals both flourish and die, sometimes the best thing you can do is roll the dice.\n\nInterestingly I did find a thread I made questioning the validity of the one of the biggest exitscam, which my metrics flagged as suspect. [link](https://www.reddit.com/r/CryptoCurrency/comments/79jq1o/i_have_some_concerns_with_confido_ico/). I still use the same metrics today and I find they seem to work quite well, although time will be the real test.\n\nHappy trading and don't trust anyone", 'jz77hd'], ['u/solarslacker', 47, '2020-11-23 03:27', 'https://www.reddit.com/r/CryptoCurrency/comments/jz77hd/are_there_crypto_mentors_i_think_i_need_one/gdaif0z/', 'After this post be extra cautious of any unsolicited direct messages. I had some super elaborate and extremely intricate scammers under the guise of helpful good intent reach out, I lost a little but learned a lot.', 'jz77hd'], ['u/ThisGuyNeedsABeer', 12, '2020-11-23 03:28', 'https://www.reddit.com/r/CryptoCurrency/comments/jz77hd/are_there_crypto_mentors_i_think_i_need_one/gdaijtr/', "Thanks! I'll definitely be careful. Multiple people have warned me about trusting folks.", 'jz77hd'], ['u/speshalneedsdonky', 17, '2020-11-23 03:51', 'https://www.reddit.com/r/CryptoCurrency/comments/jz77hd/are_there_crypto_mentors_i_think_i_need_one/gdal1vv/', 'Andreas Antonopolous vids on youtube are about the best starting point to understand bitcoin that youre gonna get', 'jz77hd']]], ['u/TempStepDad', 'Is this website legit?', 11, '2020-11-23 01:42', 'https://www.reddit.com/r/ILGuns/comments/jz7b3b/is_this_website_legit/', "[https://www.raniersec.com/](https://www.raniersec.com/)\n\nThey only accept bitcoin and gift card payments and I can't find any online experiences with them. Any here?", 'https://www.reddit.com/r/ILGuns/comments/jz7b3b/is_this_website_legit/', 'jz7b3b', [['u/cubbiehersman', 12, '2020-11-23 01:44', 'https://www.reddit.com/r/ILGuns/comments/jz7b3b/is_this_website_legit/gda740i/', 'I would say no.', 'jz7b3b'], ['u/Quietriot1999', 27, '2020-11-23 01:57', 'https://www.reddit.com/r/ILGuns/comments/jz7b3b/is_this_website_legit/gda8mi5/', 'Thats definitely not safe.', 'jz7b3b'], ['u/HistoricalBridge7', 18, '2020-11-23 02:17', 'https://www.reddit.com/r/ILGuns/comments/jz7b3b/is_this_website_legit/gdaathb/', 'That’s a hard no. Do not order no anything', 'jz7b3b'], ['u/WhiskyTequilaFinance', 11, '2020-11-23 02:29', 'https://www.reddit.com/r/ILGuns/comments/jz7b3b/is_this_website_legit/gdac66h/', 'Nope, nope and nope.', 'jz7b3b'], ['u/WhiskyTequilaFinance', 13, '2020-11-23 02:35', 'https://www.reddit.com/r/ILGuns/comments/jz7b3b/is_this_website_legit/gdactuu/', "Had to dig up the link, it's one of an entire collection of scam sites all running the same basic MO.\n https://www.stop419scams.com/viewtopic.php?t=10814", 'jz7b3b'], ['u/minhthemaster', 11, '2020-11-23 06:44', 'https://www.reddit.com/r/ILGuns/comments/jz7b3b/is_this_website_legit/gdb198b/', "> They only accept bitcoin and gift card payments\n\nFor future reference for OP and the less technologically inclined... any vendor that doesn't accept credit cards (and the protections credit cards provide) is a scam", 'jz7b3b']]], ['u/IceLeopardTea', 'How do I program a terminal?', 17, '2020-11-23 02:53', 'https://www.reddit.com/r/roguelikedev/comments/jz8gn9/how_do_i_program_a_terminal/', "What I want to know is: how do libraries like BearLibTerminal, libtcod's console etc create a separate window on your screen and draw to it? I have no idea right now about how these work. Should I try and read the source codes? Eventually I would like to write something similar to use, but how much work would this entail? Is a very low-level sort of knowledge required? \n\nFor context: I'm currently working through the RLTK roguelike tutorial in Rust, and learning Rust along the way. I also have some experience in Python (University module). I'm planning to finish the tutorial first, and gain more experience by writing a smaller project first, before attempting to replicate terminal libraries. I'd appreciate answers to any of my questions, even if you can't answer all of them (I know I've asked a lot of them). Also feel free to correct me on any mistakes I may have made, I feel that I don't really know what I am talking about, and may have used the wrong terms. Thanks for reading!", 'https://www.reddit.com/r/roguelikedev/comments/jz8gn9/how_do_i_program_a_terminal/', 'jz8gn9', [['u/grendrake', 12, '2020-11-23 03:06', 'https://www.reddit.com/r/roguelikedev/comments/jz8gn9/how_do_i_program_a_terminal/gdag5lz/', "BearLibTerminal use OpenGL to draw text characters as though they were graphical sprites and libtcod uses SDL2 to do the same. Neither is actually creating a terminal, just drawing graphics in a way that looks like it. Doing this yourself is fairly simple (if a bit tedious) as long as you understand the graphics library you're using.\n\nActually manipulating a terminal tends to be more complex and annoying to deal with, especially if you want to do it in a cross-platform manner.", 'jz8gn9']]], ['u/dark_loaf', 'PayPal and Square and “strong hands”', 23, '2020-11-23 03:31', 'https://www.reddit.com/r/Bitcoin/comments/jz924s/paypal_and_square_and_strong_hands/', 'Seems that PayPal and Square are buying up large portions of the newly issued bitcoins. Fine. I don’t see this as them being strong hands in the game (except for the bitcoins they use as their treasury reserves.) I may be wrong but these companies are mostly just buying bitcoin to move them to the next person, who may or may not be the hodl type. More people in the game is good, but I’d be curious to know how many of these bitcoins find their way to cold storage. I wonder if the earnings reports of PayPal and Square would give some hint of the success of selling bitcoin.\n\nThe Greyscale bitcoin trust, otoh, that seems to me to be strong hands.', 'https://www.reddit.com/r/Bitcoin/comments/jz924s/paypal_and_square_and_strong_hands/', 'jz924s', [['u/Hackleberryhound', 10, '2020-11-23 04:52', 'https://www.reddit.com/r/Bitcoin/comments/jz924s/paypal_and_square_and_strong_hands/gdar9rm/', 'Well, these “fake versions of bitcoin” have a very real effect on “your” bitcoins.', 'jz924s']]], ['u/ejr204', 'E-transfers rejected by my financial institution, how do I get my CAD to Shakepay if my credit union refuses to complete e-transfers?', 25, '2020-11-23 04:11', 'https://www.reddit.com/r/BitcoinCA/comments/jz9ol1/etransfers_rejected_by_my_financial_institution/', 'Tried sending an etransfer to my newly set up Shakepay account a month ago but my financial institution (credit union) blocked it and called me personally to tell me \'they don\'t support etransfers to cryptocurrency platforms because it\'s a high risk investment". Told them I\'ve made other high risk investments that they didn\'t seem to have an opinion on, and frankly what I do with my money is my business. Left me with a warning to not do it again, so of course I tried again a week later and managed to sneak a payment into Shakepay without getting blocked. But because of that successful transfer my credit union called again and threatened to shut down my etransfers permanently if I try again. Super frustrated as I want to DCA into BTC, how do I get my CAD to Shakepay if my credit union keeps shutting it down? Can they do that?', 'https://www.reddit.com/r/BitcoinCA/comments/jz9ol1/etransfers_rejected_by_my_financial_institution/', 'jz9ol1', [['u/Fiach_Dubh', 23, '2020-11-23 04:13', 'http...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
19107.46, 18732.12, 17150.62, 17108.40, 17717.41, 18177.48, 19625.84, 18803.00, 19201.09, 19445.40
|
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['San Francisco-basedRipple Labs Inc.’snative ecosystem cryptocurrency XRP has added 132.88% over a trailing seven-day period at press time.\nWhat Happened:XRP supports Ripple’s blockchain-based payment network for financial institutions. Its surge comes amid overall cryptocurrency market strength.\nNevertheless, XRP has significantly outperformedBitcoin(BTC) and other major digital assets. Bitcoin is up 9.96% over the same period at press time. Ethereum (ETH), the world\'s second-largest cryptocurrency in terms of market capitalization, is up 32.6% in the trailing seven-day period at press time.\nWhat’s Driving The Surge:Joseph Young notes forCointelegraphthat XRP’s surge comes based on three factors, including an increase in unique XRP addresses, Ripple\'s buyback of its cryptocurrency, and reported plans for the launch of a new product.\nRipplereportedrepurchasing XRP worth 45.5 million in the third quarter this year. The company alsofileda trademark with the U.S. Patent and Trademark Office for "Paystring," a product related to receiving and sending remittances, earlier this month.\nPrice Action:XRP traded 47.8% higher at $0.68 at press time early Tuesday.\nPhoto courtesy of Ripple\nSee more from Benzinga\n• Click here for options trades from Benzinga\n• Bitcoin Storms Past ,000\n© 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.', 'San Francisco-based Ripple Labs Inc.\x92s native ecosystem cryptocurrency XRP has added 132.88% over a trailing seven-day period at press time. What Happened: XRP supports Ripple\x92s blockchain-based payment network for financial institutions. Its surge comes amid overall cryptocurrency market strength. Nevertheless, XRP has significantly outperformed Bitcoin (BTC) and other major digital assets. Bitcoin is up 9.96% over the same period at press time. Ethereum (ETH), the world\'s second-largest cryptocurrency in terms of market capitalization, is up 32.6% in the trailing seven-day period at press time. What\x92s Driving The Surge: Joseph Young notes for Cointelegraph that XRP\x92s surge comes based on three factors, including an increase in unique XRP addresses, Ripple\'s buyback of its cryptocurrency, and reported plans for the launch of a new product. Ripple reported repurchasing XRP worth 45.5 million in the third quarter this year. The company also filed a trademark with the U.S. Patent and Trademark Office for "Paystring," a product related to receiving and sending remittances, earlier this month. Price Action: XRP traded 47.8% higher at $0.68 at press time early Tuesday. Photo courtesy of Ripple See more from Benzinga Click here for options trades from Benzinga Bitcoin Storms Past ,000 © 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.', 'By Gertrude Chavez-Dreyfuss NEW YORK, Nov 24 (Reuters) - Bitcoin investors, which include top hedge funds and money managers, are betting the virtual currency could more than quintuple to as high as $100,000 in a year. It\'s a wager that has drawn eye-rolls from skeptics who believe the volatile cryptocurrency is a speculative asset rather than a store of value like gold. Since January, bitcoin has gained 160%, bolstered by strong institutional demand as well as scarcity as payment companies such as Square and Paypal buy it on behalf of customers. Bitcoin is within sight of its all-time peak of just under $20,000 hit in December 2017. It debuted in 2011 at zero and was last trading at $18,415 . Going from $18,000 to $100,000 in one year is not a stretch, Brian Estes, chief investment officer at hedge fund Off the Chain Capital, said. "I have seen bitcoin go up 10X, 20X, 30X in a year. So going up 5X is not a big deal." Estes predicts bitcoin could hit between $100,000 and $288,000 by end-2021, based on a model that utilizes the stock-to-flow ratio measuring the scarcity of commodities like gold. That model, he said, has a 94% correlation with the price of bitcoin. Citi technical analyst Tom Fitzpatrick said in a note last week that bitcoin could climb as high as $318,000 by the end of next year, citing its limited supply, ease of movement across borders, and opaque ownership. Those numbers though are a head-scratcher for Toronto-based Kevin Muir, an independent proprietary trader. "Any hedge fund model on bitcoin is rubbish. You can\'t model a mania," Muir said. "Is it plausible? For sure. It\'s a mania. But does anyone actually have a clue? Not a chance." DEARTH OF SUPPLY Bitcoin relies on so-called "mining" computers that validate blocks of transactions by competing to solve mathematical puzzles every 10 minutes. The first to solve the puzzle and clear the transaction is rewarded new bitcoins. Its technology was designed to cut the reward for miners in half every four years, a move meant to curb inflation. In May, bitcoin went through a third "halving," which reduced the rate at which new coins are created, restricting supply. That halving has kickstarted bitcoin\'s renewed ascent. Square\'s Cash App and PayPal, which recently launched a crypto service to its more than 300 million users, have been scooping up all new bitcoins, hedge fund Pantera Capital said in its letter to investors on Friday. That has caused a bitcoin shortage and has driven the rally in the last few weeks. BIG FUNDS BUYING? The so-called whale index, which counts addresses or wallets holding at least 1,000 bitcoins, is at an all-time high, said Phil Bonello, research director at digital asset manager Grayscale. Bonello said more than 2,200 addresses were linked to large bitcoin holders, up 37% from 1,600 in 2018, suggesting that institutional money has stormed in. Investors like Stanley Druckenmiller, founder of hedge fund Duquesne Capital, and Rick Rieder, BlackRock Inc\'s chief investment officer of global fixed income, have recently touted bitcoin. Retail investors though are still mostly sidelined due to the pandemic\'s effect on the economy. But with the entry of Square and PayPal, Lennard Neo, head of research at crypto index fund provider Stack Funds, expects a deluge of retail demand more intense than in 2017. Neo forecasts bitcoin to reach $60,000-$80,000 by the end of 2021. Tempus Inc currency trader Juan Perez was unimpressed, even shocked, with all the lofty forecasts and said a bet on bitcoin at $100,000 next year would be a bet on the collapse of the global financial system. "Governments around the world won\'t let that happen. They will not let fiat currencies collapse just like that," Perez said. (Reporting by Gertrude Chavez-Dreyfuss; Additional reporting by Ritvik Carvalho in London; Editing by Alden Bentley and Cynthia Osterman)', 'By Gertrude Chavez-Dreyfuss NEW YORK, Nov 24 (Reuters) - Bitcoin investors, which include top hedge funds and money managers, are betting the virtual currency could more than quintuple to as high as $100,000 in a year. It\'s a wager that has drawn eye-rolls from skeptics who believe the volatile cryptocurrency is a speculative asset rather than a store of value like gold. Since January, bitcoin has gained 160%, bolstered by strong institutional demand as well as scarcity as payment companies such as Square and Paypal buy it on behalf of customers. Bitcoin is within sight of its all-time peak of just under $20,000 hit in December 2017. It debuted in 2011 at zero and was last trading at $18,415 . Going from $18,000 to $100,000 in one year is not a stretch, Brian Estes, chief investment officer at hedge fund Off the Chain Capital, said. "I have seen bitcoin go up 10X, 20X, 30X in a year. So going up 5X is not a big deal." Estes predicts bitcoin could hit between $100,000 and $288,000 by end-2021, based on a model that utilizes the stock-to-flow ratio measuring the scarcity of commodities like gold. That model, he said, has a 94% correlation with the price of bitcoin. Citi technical analyst Tom Fitzpatrick said in a note last week that bitcoin could climb as high as $318,000 by the end of next year, citing its limited supply, ease of movement across borders, and opaque ownership. Those numbers though are a head-scratcher for Toronto-based Kevin Muir, an independent proprietary trader. "Any hedge fund model on bitcoin is rubbish. You can\'t model a mania," Muir said. "Is it plausible? For sure. It\'s a mania. But does anyone actually have a clue? Not a chance." DEARTH OF SUPPLY Bitcoin relies on so-called "mining" computers that validate blocks of transactions by competing to solve mathematical puzzles every 10 minutes. The first to solve the puzzle and clear the transaction is rewarded new bitcoins. Its technology was designed to cut the reward for miners in half every four years, a move meant to curb inflation. In May, bitcoin went through a third "halving," which reduced the rate at which new coins are created, restricting supply. That halving has kickstarted bitcoin\'s renewed ascent. Square\'s Cash App and PayPal, which recently launched a crypto service to its more than 300 million users, have been scooping up all new bitcoins, hedge fund Pantera Capital said in its letter to investors on Friday. That has caused a bitcoin shortage and has driven the rally in the last few weeks. BIG FUNDS BUYING? The so-called whale index, which counts addresses or wallets holding at least 1,000 bitcoins, is at an all-time high, said Phil Bonello, research director at digital asset manager Grayscale. Bonello said more than 2,200 addresses were linked to large bitcoin holders, up 37% from 1,600 in 2018, suggesting that institutional money has stormed in. Investors like Stanley Druckenmiller, founder of hedge fund Duquesne Capital, and Rick Rieder, BlackRock Inc\'s chief investment officer of global fixed income, have recently touted bitcoin. Retail investors though are still mostly sidelined due to the pandemic\'s effect on the economy. But with the entry of Square and PayPal, Lennard Neo, head of research at crypto index fund provider Stack Funds, expects a delug
**Last 60 Days of Bitcoin's Closing Prices:**
[10692.72, 10750.72, 10775.27, 10709.65, 10844.64, 10784.49, 10619.45, 10575.97, 10549.33, 10669.58, 10793.34, 10604.41, 10668.97, 10915.69, 11064.46, 11296.36, 11384.18, 11555.36, 11425.90, 11429.51, 11495.35, 11322.12, 11358.10, 11483.36, 11742.04, 11916.33, 12823.69, 12965.89, 12931.54, 13108.06, 13031.17, 13075.25, 13654.22, 13271.29, 13437.88, 13546.52, 13781.00, 13737.11, 13550.49, 13950.30, 14133.71, 15579.85, 15565.88, 14833.75, 15479.57, 15332.32, 15290.90, 15701.34, 16276.34, 16317.81, 16068.14, 15955.59, 16716.11, 17645.41, 17804.01, 17817.09, 18621.31, 18642.23, 18370.00, 18364.12]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2020-11-24
**Financial & Commodity Data:**
- Gold Closing Price: $1804.80
- Crude Oil Closing Price: $44.91
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $342,254,214,000
- Hash Rate: 118964874.63947085
- Transaction Count: 333293.0
- Unique Addresses: 756417.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.88
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Gazprombank, a bank from the fold of Russian energy giant Gazprom, is launching institutional cryptocurrency services in Switzerland.
• In anannouncementThursday, the regulated Swiss arm of the bank said it has now received authorization from FINMA to launch the new services, initially to a limited number of clients.
• Gazprombank (Switzerland) will later expand the offerings to more institutional and corporate clients, providing a custody service andbitcointrading against fiat currencies.
• More cryptocurrencies are expected to be added later.
• “We expect digital assets to become increasingly important in the global economy and, in particular, for our current and potential clientele,” said the bank’s CEO, Roman Abdulin.
• The bank said it applies “specially designed” due diligence procedures to add security and ensure compliance with Swiss anti-money laundering and know-your-customer rules.
• Gazprombank, Russia’s third-largest by net assets, has been mulling a move into cryptocurrency services for some time, saying back in 2018 that it wasplanning a pilotbefore starting serve its wealthy clients.
• Last year, the bank and its parent firm, Gazprom, also said they hadbuilt a blockchain platformfor executing business contracts and that it would soon be used digitize the gas supply process.
Also read:The Crypto Firms Collaborating on a Swiss Franc Stablecoin
• Swiss Arm of Russia’s Gazprombank Launches Institutional Bitcoin Offerings
• Swiss Arm of Russia’s Gazprombank Launches Institutional Bitcoin Offerings
• Swiss Arm of Russia’s Gazprombank Launches Institutional Bitcoin Offerings
• Swiss Arm of Russia’s Gazprombank Launches Institutional Bitcoin Offerings...
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
18732.12, 17150.62, 17108.40, 17717.41, 18177.48, 19625.84, 18803.00, 19201.09, 19445.40, 18699.77
|
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Toronto, Ontario--(Newsfile Corp. - November 24, 2020) - Bluesky Digital Assets Corp. (CSE: BTC) (CSE: BTC.PR.A) (OTC Pink: BTCWF) ("Bluesky" or the "Corporation") announced today that it is conducting a non-brokered private placement financing with the purpose of raising up to Nine Hundred Thousand Dollars ("$900,000.00") CDN via the issuance of up to Ten Million ("10,000,000") Units at a price of Nine Cents ("$0.09") CDN per Unit. Each Unit will consist of One Common Share (a "Share") in the capital of the Corporation and one Common Share Purchase Warrant ("Warrant"), with each Warrant entitling the holder thereof to purchase one additional Common Share of the Corporation at an exercise price of Fifteen Cents ("$0.15") CDN per Common Share for a period of 36 months from the closing of the financing. All Common Shares issued in connection with this placement will be subject to a four month plus one day hold period under applicable Canadian securities laws.\nThe Corporation also announced today that it had closed the first tranche of the offering. In total, Seven Hundred and Twenty-Three Thousand, Five Hundred Dollars ("$723,500.00") CDN was raised via the sale of Eight Million, Thirty-Eight Thousand, Eight Hundred and Eighty-Eight Units ("8,038,888") Units. Insiders and Directors of the Corporation have subscribed in the Offering for a total of 1,938,888 Units. The Corporation has also issued of 500,000 Stock Options in connection to the closing of the first tranche of the offering. The Stock Options will vest immediately and are exercisable at a price of $0.15 CDN per Stock Option. The Stock Options will expire three years from the date of issuance. The Stock Options were issued to a consultant to the Corporation.\nAll proceeds from the financing will be used for purchasing of additional Digital Asset Mining Equipment with the purpose of expanding the Corporation\'s existing Digital Assets Mining operations.\nThe Corporation further announced that the Corporation failed to achieve the minimum subscription amount of $50,000.00 CDN from its recent Rights Offering and that the Rights Offering has been terminated. As per the terms of the Rights Offering, all Rights have expired and were terminated on November 23rd, 2020 at 5:00 p.m. Eastern / Toronto time. Due to the lack of demand for the Corporation\'s Rights Offering, the Corporation applied for, and received, a price protection of $0.09 CDN from the CSE on November 16th, 2020 which the price protection has been applied to the Corporation\'s current private placement offering. The Corporation also announced today that on November 20th, 2020 that it had repriced certain existing Stock Options totaling 641,667 Stock Options. The repriced Stock Options have been set to $0.15 CDN per Stock Option. On November 20th,2020 the Corporation also granted certain Directors and Officers of the Corporation 900,000 Stock Options at a price of $0.15 per Stock Option. The Stock Options vest immediately and expire 36 months after the issuance date.\nAbout Bluesky Digital Assets Corp.\nBluesky Digital Assets Corp, is building a high value digital currency enterprise. Bluesky mines digital currencies, such as Bitcoin and Ether, and is developing value-added technology services for the digital currency market, such as digital mining proprietary software. Offering a complete ecosystem of value-creation, Bluesky is targeting reinvesting appropriate portions of its digital currency mining profits back into its operations. A percentage of the profit will be invested in the development of a proprietary Artificial Intelligence ("AI") based technology. Overall, Bluesky takes an approach that enables the Corporation to scale, and respond to changing conditions, within the still-emerging digital currency industry. The Corporation is poised to capture value in successive phases as this industry continues to scale. For more information, please visitwww.blueskydigitalassets.com.\nFor further information please contact:\nMr. Ben GelfandCEO & DirectorBluesky Digital Assets Corp.T: (416) 363-3833E:[email protected]\nMr. Frank KordySecretary & DirectorBluesky Digital Assets Corp.T: (647) 466-4037E:[email protected]\nForward-Looking Statements\nInformation set forth in this news release may involve forward-looking statements under applicable securities laws. The forward- looking statements contained herein are expressly qualified in their entirety by this cautionary statement. The forward-looking statements included in this document are made as of the date of this document and the Corporation disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation. Although management believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. This news release does not constitute an offer to sell or solicitation of an offer to buy any of the securities described herein and accordingly undue reliance should not be put on such. Neither CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE accepts responsibility for the adequacy or accuracy of this release. We seek safe harbor.\nTHIS NEWS RELEASE IS NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES.\n- 30 -\nTo view the source version of this press release, please visithttps://www.newsfilecorp.com/release/68907', 'Toronto, Ontario--(Newsfile Corp. - November 24, 2020) - Bluesky Digital Assets Corp. (CSE: BTC) (CSE: BTC.PR.A) (OTC Pink: BTCWF) ("Bluesky" or the "Corporation") announced today that it is conducting a non-brokered private placement financing with the purpose of raising up to Nine Hundred Thousand Dollars ("$900,000.00") CDN via the issuance of up to Ten Million ("10,000,000") Units at a price of Nine Cents ("$0.09") CDN per Unit. Each Unit will consist of One Common Share (a "Share") in the capital of the Corporation and one Common Share Purchase Warrant ("Warrant"), with each Warrant entitling the holder thereof to purchase one additional Common Share of the Corporation at an exercise price of Fifteen Cents ("$0.15") CDN per Common Share for a period of 36 months from the closing of the financing. All Common Shares issued in connection with this placement will be subject to a four month plus one day hold period under applicable Canadian securities laws. The Corporation also announced today that it had closed the first tranche of the offering. In total, Seven Hundred and Twenty-Three Thousand, Five Hundred Dollars ("$723,500.00") CDN was raised via the sale of Eight Million, Thirty-Eight Thousand, Eight Hundred and Eighty-Eight Units ("8,038,888") Units. Insiders and Directors of the Corporation have subscribed in the Offering for a total of 1,938,888 Units. The Corporation has also issued of 500,000 Stock Options in connection to the closing of the first tranche of the offering. The Stock Options will vest immediately and are exercisable at a price of $0.15 CDN per Stock Option. The Stock Options will expire three years from the date of issuance. The Stock Options were issued to a consultant to the Corporation. All proceeds from the financing will be used for purchasing of additional Digital Asset Mining Equipment with the purpose of expanding the Corporation\'s existing Digital Assets Mining operations. Story continues The Corporation further announced that the Corporation failed to achieve the minimum subscription amount of $50,000.00 CDN from its recent Rights Offering and that the Rights Offering has been terminated. As per the terms of the Rights Offering, all Rights have expired and were terminated on November 23 rd , 2020 at 5:00 p.m. Eastern / Toronto time. Due to the lack of demand for the Corporation\'s Rights Offering, the Corporation applied for, and received, a price protection of $0.09 CDN from the CSE on November 16 th , 2020 which the price protection has been applied to the Corporation\'s current private placement offering. The Corporation also announced today that on November 20 th , 2020 that it had repriced certain existing Stock Options totaling 641,667 Stock Options. The repriced Stock Options have been set to $0.15 CDN per Stock Option. On November 20 th ,2020 the Corporation also granted certain Directors and Officers of the Corporation 900,000 Stock Options at a price of $0.15 per Stock Option. The Stock Options vest immediately and expire 36 months after the issuance date. About Bluesky Digital Assets Corp. Bluesky Digital Assets Corp, is building a high value digital currency enterprise. Bluesky mines digital currencies, such as Bitcoin and Ether, and is developing value-added technology services for the digital currency market, such as digital mining proprietary software. Offering a complete ecosystem of value-creation, Bluesky is targeting reinvesting appropriate portions of its digital currency mining profits back into its operations. A percentage of the profit will be invested in the development of a proprietary Artificial Intelligence ("AI") based technology. Overall, Bluesky takes an approach that enables the Corporation to scale, and respond to changing conditions, within the still-emerging digital currency industry. The Corporation is poised to capture value in successive phases as this industry continues to scale. For more information, please visit www.blueskydigitalassets.com . For further information please contact: Mr. Ben Gelfand CEO & Director Bluesky Digital Assets Corp. T: (416) 363-3833 E: [email protected] Mr. Frank Kordy Secretary & Director Bluesky Digital Assets Corp. T: (647) 466-4037 E: [email protected] Forward-Looking Statements Information set forth in this news re
**Last 60 Days of Bitcoin's Closing Prices:**
[10750.72, 10775.27, 10709.65, 10844.64, 10784.49, 10619.45, 10575.97, 10549.33, 10669.58, 10793.34, 10604.41, 10668.97, 10915.69, 11064.46, 11296.36, 11384.18, 11555.36, 11425.90, 11429.51, 11495.35, 11322.12, 11358.10, 11483.36, 11742.04, 11916.33, 12823.69, 12965.89, 12931.54, 13108.06, 13031.17, 13075.25, 13654.22, 13271.29, 13437.88, 13546.52, 13781.00, 13737.11, 13550.49, 13950.30, 14133.71, 15579.85, 15565.88, 14833.75, 15479.57, 15332.32, 15290.90, 15701.34, 16276.34, 16317.81, 16068.14, 15955.59, 16716.11, 17645.41, 17804.01, 17817.09, 18621.31, 18642.23, 18370.00, 18364.12, 19107.46]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2020-11-25
**Financial & Commodity Data:**
- Gold Closing Price: $1805.70
- Crude Oil Closing Price: $45.71
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $342,254,214,000
- Hash Rate: 135584967.41998515
- Transaction Count: 361990.0
- Unique Addresses: 812699.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.94
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Another billionaire investor disclosed his bitcoin bags. The Silvergate Exchange Network added another exchange member. Riot Blockchain, a publicly traded bitcoin mining firm, recorded bumper revenues with plans to expand.
Billionaire’s bitcoinBillionaire U.S. investor Stanley Druckenmiller, who just weeks ago was said to be shorting the dollar, islong on bitcoin. In a Monday CNBC appearance, Druckenmiller disclosed a bitcoin position significantly smaller than his gold horde. However, he predicts bitcoin will outperform gold in the long run – largely due to millennial and Silicon Valley attraction to the crypto scene. “Frankly, if the gold bet works the bitcoin bet will probably work better because it’s thinner, more illiquid and has a lot more beta to it,” he said. Drunkenmiller made headlines last week for his bearish views on the U.S. dollar, which he suspects will decline for the next three to four years.
Botched BSVA protocol change in at least one Bitcoin SV (BSV) multisig wallet hascrippled securityand led to lost customer funds. Bitcoin Core developer Gregory Maxwell found that after BSV developers removed a proven transaction script and replaced it with an outdated version, one wallet manufacturer’s home-brewed hash function has serious security flaws. The ElectrumSV wallet’s so-called “accumulator multi-sig” function cancels transfers if more than the minimum number of keys sign a transaction and, perhaps more dangerously, enables anyone to access multi-sig funds “with too few signatures (such as none at all).” One BSV user, Aaron Zhou, lost 600 BSV to an attack exploiting this weakness.
Related:First Mover: Bitcoin Needs No Vaccine as Druckenmiller Lays Down 'Better Bet'
Legal maneuversLawyers are looking toditch Reginald Fowler– accused of running a “shadow banking” service for cryptocurrency exchanges – as a client, according to court documents. Fowler and partner Ravid Yosef, who remains at large, stand accused of opening bank accounts with various financial institutions to illegally store funds. The partners’ bank, Crypto Capital, is further tied up in a $850 million black hole of crypto funds that went missing from the Bitfinex exchange in 2019. In October, Fowler considered reopening plea bargain talks. Fowler’s lawyers gave no explicit reason for wanting to withdraw from the case.
SEN zenBinance.US is the latest U.S. exchange tojoin the SilvergateExchange Network (SEN). The 24/7 instant settlement network allows crypto exchanges to move cash between themselves, replacing slower wire transfers, at any time of day. Gemini, Kraken and ErisX are all participants in the service, which saw $17.4 billion in first quarter volume. “We’ve launched SEN for our corporate clients so now they’re able to move dollars through Silvergate around the clock, instantaneously,” Binance.US CEO Catherine Coley said. “It’s a huge advantage for clients that are trying to get funds into Binance.US to be able to buy and sell cryptocurrencies, and we’re excited to see the impact on the rest of our liquidity.”
Riot’s returnsRiot Blockchain recorded over$2.4 million in mining revenuein Q3, a 42% increase year over year, according to the publicly traded firm’s latest corporate filing, though it is operating with a quarterly $1.7 million net loss. Having mined 222 BTC (a 41% bump from the same period last year), Riot’s corporate cryptocurrency liquidity grew from $7.2 million in Q2 to $9 million in Q3. And with $30.1 million in cash reserves, Riot is looking to expand its fleet of Bitmain S19-Pro mining machines. Riot shares traded hands at $3.50 at Monday’s close, up 32% from the start of Q4. They’ve risen more than 200% year to date.
• Obsessively checking prices. Rabbit holes of crypto content. All-night trading sessions. Jeff Wilser presents the face of crypto addiction. (CoinDesk)
• Telos and open-source weather tech company Telokanda Weather Group will collect and share West African weather data on a blockchain. (CoinDesk)
• Bitcoin needs philosophy, write three academic philosophers. (CoinDesk)
• A CipherTrace report has found that crypto platforms and users have lost $100 million so far this year to “DeFi hacks.” (Decrypt)
• Lebanon’s central bank plans to launch a digital currency in 2021. (Bloomberg)
Trend linesCoinDesk’s Omkar Godbole examines three major trends contributing tobitcoin’s two-month-long rally. Having peaked at 33-month highs near $16,000, experts are citing increased institutional participation (high-net-worth individuals such as investor Stanley Druckenmiller and publicly traded firms Square and MicroStrategy), a supply crunch (huge spot market buys from retail investors and funds like Grayscale’s GBTC trust have significantly reduced bitcoin supply, driving up the price); and technical analysis to explain bitcoin’s rise. (Grayscale, like CoinDesk, is a unit of DCG.)
Related:Blockchain Bites: Figure Files for Banking Charter, Cred for Bankruptcy
Regulatory matters“Regulators are slow and there’s a reason we’re slow,” Securities and Exchange Commission (SEC) member Hester Peirce said yesterday at CoinDesk’s Bitcoin for Advisors virtual event.
“We need to have [a] process in place so that we make sure when we’re changing rules people have notice that we’re thinking aboutchanging a rule and they can comment,” she said.
When confronted with the quickly evolving crypto landscape, however, Peirce said the agency could do more to be proactive. Noting it is less top-heavy than it appears, Pierce said the SEC’s five commissioners usually defer to the agency’s staff to approve or disapprove novel products like exchange-traded funds (ETF).
In one such example of this arrangement, yesterday the SEC’s Division of Investment Management issued a letter seeking comment on an expanded definition of a “qualified custodian.”
In response to the Wyoming Division of Banking’s recent decision to affirm the wealth management firm Two Ocean Trust as a qualified custodian eligible to custody digital assets for its clients, the SEC is now asking questions. Traditionally, qualified custodians were limited to banks, registered broker-dealers and certain derivatives merchants, all subject to stringent regulation.
Now, with at least one state granting a public trust company qualified custodian status under state law, the federal watchdog is looking to add clarity to the definition.
Industry publicationDecryptwrites: “The SEC’s letter asks for public comments on a variety of questions, for example, who’s been left out of the qualified custodian definition that should be in? Who’s in, who should be out? And, importantly, do state-chartered trust companies like Two Ocean have the same characteristics as banks?”
Depending on where the SEC lands, this could open the door for other public trust companies – like pensions, endowments and foundations, Caitlin Long, head of Avanti said – to enter the crypto fold.
As Peirce said yesterday: “There are circumstances where we have a framework at the SEC that was built in the 1930s and 1940s and added on over time,” she said. “Certainly now that we’re seeing what’s happening in the crypto space, for example, there are areas we are going to have to make adjustments and I do think we should move faster … I’m impatient there.”
• Blockchain Bites: Billionaire Bullish on Bitcoin, Updates on Fowler’s Crypto Capital Case and More
• Blockchain Bites: Billionaire Bullish on Bitcoin, Updates on Fowler’s Crypto Capital Case and More...
- Reddit Posts (Sample): [['u/yukeiw', 'Reminder to be nice to the new wave of newbies', 423, '2020-11-25 00:01', 'https://www.reddit.com/r/Bitcoin/comments/k0fwh1/reminder_to_be_nice_to_the_new_wave_of_newbies/', "With the current price closing in on the ATH. I would expect a new wave of people coming in to this subreddit.\n\nLots of 'dumb' questions will be asked. Lots of people will come here for FOMO. Some questions are real, while others are just trolls. There will be confusion between BTC and BCH for the new guys given the names of it's websites and subreddits etc.\n\nLet's remember to be nice and steer these guys in the right direction and welcome these new wave of people.", 'https://www.reddit.com/r/Bitcoin/comments/k0fwh1/reminder_to_be_nice_to_the_new_wave_of_newbies/', 'k0fwh1', [['u/Raverrevolution', 36, '2020-11-25 00:20', 'https://www.reddit.com/r/Bitcoin/comments/k0fwh1/reminder_to_be_nice_to_the_new_wave_of_newbies/gdhw2rq/', 'Is this a good time to buy???? 🤣', 'k0fwh1'], ['u/TheGreatMuffin', 26, '2020-11-25 00:25', 'https://www.reddit.com/r/Bitcoin/comments/k0fwh1/reminder_to_be_nice_to_the_new_wave_of_newbies/gdhwn5i/', 'Also remember, you don\'t need to reply anything if a question makes you annoyed or angry* :) It\'s fine to let it go and let other people step in and answer it. \n\n\\* even though I 100% understand the annoyance of seeing the question "is it the right time to buy" for the hundred time. \n\nOtherwise it oftentimes is already helpful to direct people to our [FAQ](https://old.reddit.com/r/Bitcoin/comments/i19uta/bitcoin_newcomers_faq_please_read/) or to r/bitcoinbeginners or to a site like https://www.lopp.net/bitcoin-information.html. It\'s not always easy for a beginner to figure out what/where the good information is, because there is so much noise or outright scams out there. \n\nAlso, explaining things in beginner\'s terms is a great way to improve one\'s understanding as well (if one has the patience and desire to do so, of course).', 'k0fwh1'], ['u/throwaway2922222', 60, '2020-11-25 01:46', 'https://www.reddit.com/r/Bitcoin/comments/k0fwh1/reminder_to_be_nice_to_the_new_wave_of_newbies/gdi5o0j/', "What grinds my gears (totally opinion) is everyone saying we're on the moon.\n\nThe euphoria I felt the first time btc hit 20k isn't here yet, that moon feeling isn't here yet.", 'k0fwh1'], ['u/584_Bilbo', 28, '2020-11-25 02:09', 'https://www.reddit.com/r/Bitcoin/comments/k0fwh1/reminder_to_be_nice_to_the_new_wave_of_newbies/gdi87b7/', "50k is moon now. If we overshoot and make it to Mars (100k+) I'm cool with that. The ride is gonna be a fun one!", 'k0fwh1'], ['u/sevans425', 27, '2020-11-25 02:19', 'https://www.reddit.com/r/Bitcoin/comments/k0fwh1/reminder_to_be_nice_to_the_new_wave_of_newbies/gdi9999/', 'No matter when you ask, the answer is yes.', 'k0fwh1'], ['u/[deleted]', 14, '2020-11-25 02:23', 'https://www.reddit.com/r/Bitcoin/comments/k0fwh1/reminder_to_be_nice_to_the_new_wave_of_newbies/gdi9oqp/', 'Should I sell my house and buy bitcoin?', 'k0fwh1'], ['u/rbhmmx', 42, '2020-11-25 02:29', 'https://www.reddit.com/r/Bitcoin/comments/k0fwh1/reminder_to_be_nice_to_the_new_wave_of_newbies/gdiad8q/', 'Id say moon for me is 250k', 'k0fwh1'], ['u/[deleted]', 22, '2020-11-25 02:45', 'https://www.reddit.com/r/Bitcoin/comments/k0fwh1/reminder_to_be_nice_to_the_new_wave_of_newbies/gdic242/', '"Is it true you only need one kidney?"', 'k0fwh1'], ['u/bearCatBird', 11, '2020-11-25 05:00', 'https://www.reddit.com/r/Bitcoin/comments/k0fwh1/reminder_to_be_nice_to_the_new_wave_of_newbies/gdiqd6u/', 'Moon for me is when I have enough to actually visit the moon.', 'k0fwh1'], ['u/BitcoinFan7', 27, '2020-11-25 06:12', 'https://www.reddit.com/r/Bitcoin/comments/k0fwh1/reminder_to_be_nice_to_the_new_wave_of_newbies/gdix64t/', '$1M or bust', 'k0fwh1']]], ['u/[deleted]', 'What’s the real reason Bitcoin is going up so much?', 162, '2020-11-25 00:06', 'https://www.reddit.com/r/darknet/comments/k0fzvz/whats_the_real_reason_bitcoin_is_going_up_so_much/', 'What’s the actual reason Bitcoin is skyrocketing??', 'https://www.reddit.com/r/darknet/comments/k0fzvz/whats_the_real_reason_bitcoin_is_going_up_so_much/', 'k0fzvz', [['u/TbreaksAnonymous', 24, '2020-11-25 01:02', 'https://www.reddit.com/r/darknet/comments/k0fzvz/whats_the_real_reason_bitcoin_is_going_up_so_much/gdi0shh/', "It hasn't anything to do with darkweb activities. Darkweb activities account for an insignificant amount of crypto transactions.", 'k0fzvz'], ['u/Dan-Targaryen', 18, '2020-11-25 01:14', 'https://www.reddit.com/r/darknet/comments/k0fzvz/whats_the_real_reason_bitcoin_is_going_up_so_much/gdi260g/', 'Could be with bidens appointment and promise to heavily tax the rich they’re hiding their wealth in crypto?', 'k0fzvz'], ['u/conclusify', 85, '2020-11-25 01:24', 'https://www.reddit.com/r/darknet/comments/k0fzvz/whats_the_real_reason_bitcoin_is_going_up_so_much/gdi36qu/', 'believe the usd is going down relative to other fiat currencies making bitcoin comparative to usd go up. also when it goes up the hype gets behind it and people buy. which makes it go up more. thank you idiots for throwing in at the all time peak', 'k0fzvz'], ['u/AbsoluteRichard', 91, '2020-11-25 01:37', 'https://www.reddit.com/r/darknet/comments/k0fzvz/whats_the_real_reason_bitcoin_is_going_up_so_much/gdi4pwx/', 'Bro it only gets bigger. My mates said something similar when they were worth 800 a coin in 2016 an i put every cent id saved into them. And they cashed out. Im set for a very long time now.', 'k0fzvz'], ['u/MillionDollarOctopus', 69, '2020-11-25 01:39', 'https://www.reddit.com/r/darknet/comments/k0fzvz/whats_the_real_reason_bitcoin_is_going_up_so_much/gdi4wwc/', 'Paypal', 'k0fzvz'], ['u/conclusify', 45, '2020-11-25 01:43', 'https://www.reddit.com/r/darknet/comments/k0fzvz/whats_the_real_reason_bitcoin_is_going_up_so_much/gdi5bg9/', 'love that for you', 'k0fzvz'], ['u/Mrk0k0', 31, '2020-11-25 01:50', 'https://www.reddit.com/r/darknet/comments/k0fzvz/whats_the_real_reason_bitcoin_is_going_up_so_much/gdi61s1/', 'Every 4 years Bitcoin does a thing called "halving" and historically it raises the price exponentially.\n\n[https://www.bitcoinblockhalf.com/](https://www.bitcoinblockhalf.com/)', 'k0fzvz'], ['u/Foolish_ness', 27, '2020-11-25 01:55', 'https://www.reddit.com/r/darknet/comments/k0fzvz/whats_the_real_reason_bitcoin_is_going_up_so_much/gdi6o1z/', "And you think the halving in May is why it's spiking now? \n \nNot because PayPal have started accepting it and are also buying a shit ton of BTC?", 'k0fzvz'], ['u/FOURZ3RO4', 28, '2020-11-25 02:00', 'https://www.reddit.com/r/darknet/comments/k0fzvz/whats_the_real_reason_bitcoin_is_going_up_so_much/gdi75hp/', 'PayPal has bought 70% of newly issued bitcoin, while Square is estimated to be buying about 30%.\n\nEdit: fat fingered 30%', 'k0fzvz'], ['u/hoods-up', 15, '2020-11-25 02:05', 'https://www.reddit.com/r/darknet/comments/k0fzvz/whats_the_real_reason_bitcoin_is_going_up_so_much/gdi7s2k/', 'The halving usually starts a bullish trend for a good 8 months.\n\nThis combined with Paypal & manyyy corporates spending billions on btc.\n\nAs well as some technical analysis indicators signalling to buy after pushing above key resistance levels', 'k0fzvz'], ['u/NuttrButtr6556', 195, '2020-11-25 02:28', 'https://www.reddit.com/r/darknet/comments/k0fzvz/whats_the_real_reason_bitcoin_is_going_up_so_much/gdia9ib/', 'Elon Musk discovered the DW and is now supplying his workers with speed', 'k0fzvz'], ['u/LiveLongAndFI', 66, '2020-11-25 02:31', 'https://www.reddit.com/r/darknet/comments/k0fzvz/whats_the_real_reason_bitcoin_is_going_up_so_much/gdiakly/', 'Oregon decriminalized drugs obviously :)', 'k0fzvz'], ['u/Romansolja', 13, '2020-11-25 02:32', 'https://www.reddit.com/r/darknet/comments/k0fzvz/whats_the_real_reason_bitcoin_is_going_up_so_much/gdianix/', 'This^', 'k0fzvz'], ['u/badmanleigh', 19, '2020-11-25 02:35', 'https://www.reddit.com/r/darknet/comments/k0fzvz/whats_the_real_reason_bitcoin_is_going_up_so_much/gdib1if/', 'Pffft Hahahahaaa 😂', 'k0fzvz'], ['u/BTCLSD', 46, '2020-11-25 03:14', 'https://www.reddit.com/r/darknet/comments/k0fzvz/whats_the_real_reason_bitcoin_is_going_up_so_much/gdifb96/', "It's a lot bigger than that", 'k0fzvz'], ['u/k-mac23', 29, '2020-11-25 03:16', 'https://www.reddit.com/r/darknet/comments/k0fzvz/whats_the_real_reason_bitcoin_is_going_up_so_much/gdifij9/', 'Yea I remember back in 2012 when it was still like 10$ a coin and remember when everyone freaked out when it hit 100. My dumb ass didn’t ever hold any and kept spending it', 'k0fzvz'], ['u/AlwaysDankrupt', 19, '2020-11-25 03:30', 'https://www.reddit.com/r/darknet/comments/k0fzvz/whats_the_real_reason_bitcoin_is_going_up_so_much/gdigza3/', 'Ive calculated how much my btc would be worth if I never spent it back when it was <$10 - it was ~$300m. Fml', 'k0fzvz'], ['u/AbsoluteRichard', 12, '2020-11-25 03:43', 'https://www.reddit.com/r/darknet/comments/k0fzvz/whats_the_real_reason_bitcoin_is_going_up_so_much/gdiidr3/', "Not selling them every time they hit a new high was probably one of the hardest things I have ever done. I got them as a pretty poor 18 year old kid with no financial knowledge and they could have solved so many problems at the time. Wish I'd been a bit older in 2012 tho :/", 'k0fzvz'], ['u/NIGHT_OF_KNIGHTS', 29, '2020-11-25 04:09', 'https://www.reddit.com/r/darknet/comments/k0fzvz/whats_the_real_reason_bitcoin_is_going_up_so_much/gdil47n/', 'My $200 btc just turned into $350 in a short period of time. Thinking of putting $10k in and seeing what happens (I have $15k to my name atm)', 'k0fzvz'], ['u/DocHoliday79', 51, '2020-11-25 06:03', 'https://www.reddit.com/r/darknet/comments/k0fzvz/whats_the_real_reason_bitcoin_is_going_up_so_much/gdiwb2l/', 'r/wallstreetbets wants you!', 'k0fzvz'], ['u/slightlydampsock', 14, '2020-11-25 07:27', 'https://www.reddit.com/r/darknet/comments/k0fzvz/whats_the_real_reason_bitcoin_is_going_up_so_much/gdj3ei2/', ...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
17150.62, 17108.40, 17717.41, 18177.48, 19625.84, 18803.00, 19201.09, 19445.40, 18699.77, 19154.23
|
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Andreessen Horowitz has published a report studying the way crypto prices have\xa0evolved. What Happened: The Melo Park\xa0venture capital firm released a report about cryptocurrency prices development on Nov. 24. It outlines three “cycles” the crypto industry already had –– “periods of high activity” in 2011, 2013, and 2017, followed by the so-called “crypto winters.” The first cycle took place in 2009-2012, according to a16z, with Bitcoin reaching $30 in June 2011, for the first time in history. The second cycle happened in 2012-2016, with its peak in 2013, which the report describes as “probably the first time most people outside of tech heard about Bitcoin.” During this time, a lot of startups were founded, and the ecosystem started developing. The Bitcoin price briefly touched the $1,100 mark in December 2013. 2016-2019\xa0is the time where the industry started gaining mainstream attraction, peaking in December 2017, when the price of Bitcoin reached $20,000. The\xa0third cycle is also characterized by “x10” growth in the number of developers coming into space and companies founded. Why It Matters: Crypto prices have always been perceived as volatile and hardly systematic, and Andreessen Horowitz has attempted to provide “an underlying order.” A16z believes the the digital currency space is in "fourth major phase" at the moment. The venture capital veteran has bet\xa0on the crypto space with investments in companies like Coinbase , the biggest US crypto exchange, Facebook’s Libra , and a decentralized credit platform MakerDAO. It formed its own crypto fund in 2018, according to TechCrunch. In April, it raised $515 million for its second crypto-focused fund, surpassing the initial goal of $450 million, Fortune magazine has reported. In November 2019, the fund launched a free Crypto Startup School. Story continues Price Action: Bitcoin traded at $18,762\xa0at press time, losing 1.81% over 24 hours. See more from Benzinga Click here for options trades from Benzinga Bitcoin Price Holds Strong, Ethereum Reaches 0: Crypto Markets Brief VanEck Report Says Bitcoin Less Volatile Than Many Stocks © 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.', 'Andreessen Horowitz has published a report studying the way crypto prices have\xa0evolved. What Happened: The Melo Park\xa0venture capital firm released a report about cryptocurrency prices development on Nov. 24. It outlines three “cycles” the crypto industry already had –– “periods of high activity” in 2011, 2013, and 2017, followed by the so-called “crypto winters.” The first cycle took place in 2009-2012, according to a16z, with Bitcoin reaching $30 in June 2011, for the first time in history. The second cycle happened in 2012-2016, with its peak in 2013, which the report describes as “probably the first time most people outside of tech heard about Bitcoin.” During this time, a lot of startups were founded, and the ecosystem started developing. The Bitcoin price briefly touched the $1,100 mark in December 2013. 2016-2019\xa0is the time where the industry started gaining mainstream attraction, peaking in December 2017, when the price of Bitcoin reached $20,000. The\xa0third cycle is also characterized by “x10” growth in the number of developers coming into space and companies founded. Why It Matters: Crypto prices have always been perceived as volatile and hardly systematic, and Andreessen Horowitz has attempted to provide “an underlying order.” A16z believes the the digital currency space is in "fourth major phase" at the moment. The venture capital veteran has bet\xa0on the crypto space with investments in companies like Coinbase , the biggest US crypto exchange, Facebook’s Libra , and a decentralized credit platform MakerDAO. It formed its own crypto fund in 2018, according to TechCrunch. In April, it raised $515 million for its second crypto-focused fund, surpassing the initial goal of $450 million, Fortune magazine has reported. In November 2019, the fund launched a free Crypto Startup School. Story continues Price Action: Bitcoin traded at $18,762\xa0at press time, losing 1.81% over 24 hours. See more from Benzinga Click here for options trades from Benzinga Bitcoin Price Holds Strong, Ethereum Reaches 0: Crypto Markets Brief VanEck Report Says Bitcoin Less Volatile Than Many Stocks © 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.', 'HONG KONG/ TOKYO (Reuters) - Bitcoin hiccoughed in Asian trading on Thursday to at one point stand more than 6% down on the day after failing to make record highs. Bitcoin, the world\'s biggest and best-known crypto-currency, was last trading around $17,700, having lost more than $1,000 since its previous close. "With very high volumes on spot but also on leveraged markets, it\'s not surprising that after failing to hit the all-time highs, there would be this sort of rapid correction," said Justin d\x92Anethan sales manager at digital asset company Diginex. "While a quick visit in the upper or mid-16,000s is possible, we\'re still trending up and with plenty of upside potential," he added This year, bitcoin has risen 358.6% from the year\'s low of $3,850 on March 13, but has not yet breached the $19,666 hit in December 2017. Analysts say that this latest rally differs from 2017\'s as there are proportionally fewer retail investors and more institutions such as hedge funds and family offices trading cryptocurrencies. (Reporting by Alun John in Hong Kong and the Tokyo Markets team; Editing by Clarence Fernandez & Simon Cameron-Moore)', 'HONG KONG/ TOKYO (Reuters) - Bitcoin hiccoughed in Asian trading on Thursday to at one point stand more than 6% down on the day after failing to make record highs.\nBitcoin, the world\'s biggest and best-known crypto-currency, was last trading around $17,700, having lost more than $1,000 since its previous close.\n"With very high volumes on spot but also on leveraged markets, it\'s not surprising that after failing to hit the all-time highs, there would be this sort of rapid correction," said Justin d’Anethan sales manager at digital asset company Diginex.\n"While a quick visit in the upper or mid-16,000s is possible, we\'re still trending up and with plenty of upside potential," he added\nThis year, bitcoin has risen 358.6% from the year\'s low of $3,850 on March 13, but has not yet breached the $19,666 hit in December 2017.\nAnalysts say that this latest rally differs from 2017\'s as there are proportionally fewer retail investors and more institutions such as hedge funds and family offices trading cryptocurrencies.\n(Reporting by Alun John in Hong Kong and the Tokyo Markets team; Editing by Clarence Fernandez & Simon Cameron-Moore)', 'HONG KONG/ TOKYO (Reuters) - Bitcoin hiccoughed in Asian trading on Thursday to at one point stand more than 6% down on the day after failing to make record highs.\nBitcoin, the world\'s biggest and best-known crypto-currency, was last trading around $17,700, having lost more than $1,000 since its previous close.\n"With very high volumes on spot but also on leveraged markets, it\'s not surprising that after failing to hit the all-time highs, there would be this sort of rapid correction," said Justin d’Anethan sales manager at digital asset company Diginex.\n"While a quick visit in the upper or mid-16,000s is possible, we\'re still trending up and with plenty of upside potential," he added\nThis year, bitcoin has risen 358.6% from the year\'s low of $3,850 on March 13, but has not yet breached the $19,666 hit in December 2017.\nAnalysts say that this latest rally differs from 2017\'s as there are proportionally fewer retail investors and more institutions such as hedge funds and family offices trading cryptocurrencies.\n(Reporting by Alun John in Hong Kong and the Tokyo Markets team; Editing by Clarence Fernandez & Simon Cameron-Moore)', 'By Tom Wilson LONDON (Reuters) - Bitcoin plunged on Thursday to its lowest level in 10 days, slamming the brakes on its blistering rally and sparking a sell-off among smaller digital coins. Bitcoin, the world\'s biggest cryptocurrency, slumped as much as 13% to its lowest since Nov. 16. It was last down 9% at $17,074, a sharp correction from its three-year high of $19,521 hit on Wednesday. It has rallied around 140% this year to just shy of its all-time high of $19,666, fuelled by demand for riskier assets, a perception it is resistant to inflation, and expectations cryptocurrencies will win mainstream acceptance. The second-largest cryptocurrency, ethereum, dropped around 13% and XRP, the third-biggest, slid over 20%. Both coins, which tend to move in tandem with bitcoin, hit multi-year highs earlier this week. Bitcoin\'s 12-year history has been peppered with vertiginous gains and equally sharp drops. It volatility has hampered use for payments and made many larger investors wary. Backers hoped than in 2020 a more mature market and fewer retail investors have lowered the chances of the kind of crash that followed its 2017 bubble. Graphic: Bitcoin rally stutters - https://fingfx.thomsonreuters.com/gfx/mkt/jbyvredampe/bitcoin.PNG Traders cited for the drop the unwinding of highly leveraged positions built up as bitcoin approached its record, as well as tweets by the CEO of major cryptocurrency exchange Coinbase expressing concern at rumours of a regulatory crackdown. "There\'s definitely been a sense of euphoria in markets over the last couple of days," said Joseph Edwards of crypto brokerage Enigma Securities. "This mostly feels like a reaction to that - over-leveraged markets took one small hit and suffered immensely." A functioning cryptocurrency derivatives market has developed since 2017, with offshore exchanges offering highly leveraged positions. In times of thin liquidity, moves in such markets can have an outsize effect on bitcoin\'s price. Story continues Others cited worries surrounding speculation from market players of tighter U.S. regulation of
**Last 60 Days of Bitcoin's Closing Prices:**
[10775.27, 10709.65, 10844.64, 10784.49, 10619.45, 10575.97, 10549.33, 10669.58, 10793.34, 10604.41, 10668.97, 10915.69, 11064.46, 11296.36, 11384.18, 11555.36, 11425.90, 11429.51, 11495.35, 11322.12, 11358.10, 11483.36, 11742.04, 11916.33, 12823.69, 12965.89, 12931.54, 13108.06, 13031.17, 13075.25, 13654.22, 13271.29, 13437.88, 13546.52, 13781.00, 13737.11, 13550.49, 13950.30, 14133.71, 15579.85, 15565.88, 14833.75, 15479.57, 15332.32, 15290.90, 15701.34, 16276.34, 16317.81, 16068.14, 15955.59, 16716.11, 17645.41, 17804.01, 17817.09, 18621.31, 18642.23, 18370.00, 18364.12, 19107.46, 18732.12]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2020-11-26
**Financial & Commodity Data:**
- Gold Closing Price: $1805.70
- Crude Oil Closing Price: $45.71
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $316,004,244,150
- Hash Rate: 131211258.793534
- Transaction Count: 323975.0
- Unique Addresses: 736612.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.93
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Despite bitcoins rally to three-week highs, some analysts remain cautious and want to see the cryptocurrency topple key resistance at $11,200 before calling a bullish revival. The biggest cryptocurrency by market value has risen by 3.5% to levels above $11,000 in the past 24 hours, confirming an upside break of a narrowing price range represented by trendlines connecting Sept. 19 and Oct. 1 highs and Sept. 8 and Sept. 23 lows. Bitcoin is currently trading near $11,050 up 6% from lows below $10,400 seen earlier this month and the highest level since Sept. 20, according to CoinDesks Bitcoin Price Index . While the recovery and the range breakout looks impressive, chart analysts and traders say $11,200 is now the level to beat for the bulls. We consider the breakout of the Sept. 19 high of $11,200 to be a more significant catalyst for further upside, Lennard Neo, head of research at Stack Funds, told CoinDesk. He added the price range of $10,000 to $11,200 may hold until more clarity surfaces going into November U.S. elections. Bitcoins rejection near $11,200 on Sept. 19 was followed by a four-day sell-off to $10,200. In other words, the cryptocurrency established a lower high (marked by a circle in the chart above) at $11,200 a bearish pattern. As such, a break above $11,200 would be more credible evidence of a bullish breakout, as pointed out by Neo. Meanwhile, Simon Peters, a crypto market analyst at investment platform eToro, said bitcoin needs to hold or establish a new base above $11,000, in which case it could make a move toward the next psychological hurdle at $12,000. Thats because bitcoin failed multiple times in mid-September to absorb selling pressure above $11.000. And while Neo and Peters remain cautious, Phillip Gillespie, CEO of the over-the-counter liquidity provider B2C2 Japan is foreseeing a pick up in volatility in the near term, as U.S. elections, a large systematic risk even, are scheduled for Nov. 4. If we werent weeks away from the U.S. election, I would think we have a bullish setup in bitcoin, Gillespie said while sharing his view on Thursdays triangle breakout. Disclosure: The author holds small positions in bitcoin and litecoin . Story continues Also read: Bitcoin Options Volume on CME Jumps 300% as Traders Take Bullish Bets Related Stories Bitcoin Must Now Beat $11.2K for Bull Revival, Say Analysts Bitcoin Must Now Beat $11.2K for Bull Revival, Say Analysts Bitcoin Must Now Beat $11.2K for Bull Revival, Say Analysts Bitcoin Must Now Beat $11.2K for Bull Revival, Say Analysts...
- Reddit Posts (Sample): [['u/dantounet', 'How would an atomic swap UI look like', 36, '2020-11-26 01:18', 'https://www.reddit.com/r/Monero/comments/k14hug/how_would_an_atomic_swap_ui_look_like/', "Hello!\n\nWe have been working on low fidelity UX prototypes for BTC-XMR atomic swaps. The prototypes are representative of what would be feasible considering the protocol flow.\n\nI hope it helps you understand how the UX could look like. We intend to do more mocks and cover several aspects of the ux in the near future.\n\n* [Showcasing spot-trading webpage and Swap-GUI](https://www.figma.com/proto/QdvmbRYuBpEpFI3D1R4qyM/XMR-BTC_SingleMaker_LowFidelity?node-id=7%3A4377&viewport=696%2C-250%2C0.362735778093338&scaling=min-zoom)\n* [Showcasing spot-trading webpage and Swap-CLI](https://www.figma.com/proto/QdvmbRYuBpEpFI3D1R4qyM/XMR-BTC_SingleMaker_LowFidelity?node-id=54%3A4894&viewport=1503%2C-52%2C0.5576764941215515&scaling=min-zoom)\n* Showcasing details of the swap execution steps in a GUI: \n * [Send BTC, Receive XMR](https://www.figma.com/proto/QdvmbRYuBpEpFI3D1R4qyM/XMR-BTC_SingleMaker_LowFidelity?node-id=235%3A1374&viewport=1336%2C-1825%2C0.7878535389900208&scaling=min-zoom)\n * [Send XMR, Receive BTC](https://www.figma.com/proto/QdvmbRYuBpEpFI3D1R4qyM/XMR-BTC_SingleMaker_LowFidelity?node-id=128%3A8016&viewport=1404%2C-1158%2C0.66261225938797&scaling=min-zoom)\n\nPlease let us know if you have any feedback or questions, we'd be happy to answer or build more prototypes to answer them!\n\nFor feedback concerning the mocks you can create a free Figma account and use the [comment mode](https://help.figma.com/hc/en-us/articles/360041068574-Add-comments-to-files) to comment directly on the mock screens.\n\nOr you can also just give feedback here, send me a DM, reply on the [mailing list](https://lists.comit.network/pipermail/comit-dev/2020-November/000026.html) post or reach us on [matrix](https://matrix.to/#/!QqYPpVbtwYxRItuYiA:matrix.org?via=matrix.org).\n\nPS: We are CoBloX, a cross-blockchain research lab, we made a [XMR-BTC atomic swap PoC](https://github.com/comit-network/xmr-btc-swap/) based on [farcaster's protocol](https://repo.getmonero.org/monero-project/ccs-proposals/-/merge_requests/168), we are taking [our PoC to the next level by focusing on the UX](https://lists.comit.network/pipermail/comit-dev/2020-November/000024.html).", 'https://www.reddit.com/r/Monero/comments/k14hug/how_would_an_atomic_swap_ui_look_like/', 'k14hug', [['u/dantounet', 12, '2020-11-26 01:58', 'https://www.reddit.com/r/Monero/comments/k14hug/how_would_an_atomic_swap_ui_look_like/gdm16qo/', "It's actually Chalkboard Regular but we can change it to something more sober :)", 'k14hug'], ['u/almutasim', 13, '2020-11-26 03:17', 'https://www.reddit.com/r/Monero/comments/k14hug/how_would_an_atomic_swap_ui_look_like/gdm8zl8/', 'The GUI mock-up is very clean, and enticing. For most users, the more interaction that can be done through the GUI, the better.', 'k14hug']]], ['u/fireaway42069', 'This year I am grateful for $1M at age 32', 111, '2020-11-26 01:27', 'https://www.reddit.com/r/financialindependence/comments/k14n8y/this_year_i_am_grateful_for_1m_at_age_32/', 'Hello FIRE People!\n\nFirst, you all have been a constant source of ~~jealousy~~ inspiration for YEARS. I read this forum every day. I always dreamed of writing one of these posts and honestly didn\'t have a particular milestone planned for it but today I surpassed a personal net worth of $1 million dollars for the first time and the inspiration struck as I was going through my calculations. So, here I am. Get ready to see every stereotype rolled into one in this post so just buckle *the fuck* up. Shoutout to /r/fijerk.\n\nNow... the goods. Current rounded breakdowns of my personal net worth:\n\n$85,000 cash\n\n$15,000 car equity\n\n$130,000 real estate equity\n\n$10,000 in bonds (mutual funds)\n\n$390,000 in stock (mutual funds)\n\n$270,000 in individual stocks (small positions in tech that grew exponentially - mainly Tesla \\*shocked Pikachu face\\*)\n\n$100,000 in crypto (small investment that grew exponentially)\n\nTotal: approximately $1,000,000\n\nHow? Tons of amazing opportunity, a genuine love of technology (and great jobs in the tech industry), a ton of luck, steadfast frugality, and relentless investing... Step by step:\n\n1. Graduated college in 2011 without debt due to choosing a state school, financial aid, scholarships, family support, and a couple summer internships (one unpaid, two paid). \n2. 10 years in the tech industry. Started strong ($72,000 a year total compensation), moved companies three times, and was promoted once. Current compensation is now $150,000 a year after all that. I have never taken more than 1 week off between jobs and always had the next thing lined up.\n3. I watched all the people my age at the tech companies I worked for spend money on eating out, fancy apartments, brand-new cars. I got a low-end apartment with roommates even after I got my first real job. Most my happiness came from spending time with my frugal spouse, playing sports, basic tech items like phones/video games, and my dog that I got after 1 year working. I still ate very cheaply and never ordered alcohol out. This left lots of money for maxing all my tax advantaged accounts, further index fund stock investing, and then that 5% or so for the high risk "fun" investments that I happened to hit on.\n4. I read about technology every day for fun via a simple news aggregator. I scan the headlines and then usually end up reading 3-4 articles a day that interest me. I always try and think about what will affect the world the most and how it will do so... and whether or not there is an investing angle that the general public isn\'t yet privy to. \n5. Put most my money in 100% stock index funds as I started out as kind of an aggressive boglehead and still am in a lot of ways. As years passed I put 5% or so into "fun"/high risk investing when I saw something cool crop up. Learned about crypto in late 2013 during the bull run up to $1,000. Invested a tiny bit of money in bitcoin near the top there and got burned - watched the price cut in half. Doubled down and never looked back (wish I had continued to dollar cost average but c\'est la vie). 3 years later I finally crossed into the profitable range but continued to hold! I am a Tesla fan so over the last few years I have slowly thrown a few hundred dollars into $TSLA here and there for fun once my retirement accounts were all maxed out for the year. Looked at it as a potential charitable investment to try and help the environment and also maybe a fun fund to buy a cool car someday if it did well. Watched it stagnate for years and then eventually now this huge run-up has propelled my net worth substantially (better make the post quick before the 7 figures NW goes away!!!).\n\nAlright... so... what? Are my take-a-ways going to be that different than everyone else\'s? Not really but here is my spin on it anyways.\n\n1. **You don\'t have to fit in with the crowd.** I am a FIRE zealot amongst my friends and that provides an interesting perspective in the corporate world. I always try to pay my own way and (especially now) find times to be generous, but I also try and steer my friends to make responsible financial choices and overall it has been good for my social relationships.\n2. **Your spouse is going to almost assuredly be the most important person in your life.** I met my significant other at a young age. When we were in college, we had no money so we got used to spending nothing and still enjoying each other\'s company. She is frugal too and has her own story to share. She has quite the impressive portfolio and net worth herself and we have ultimately bonded over money. It is amazing to have a hard working and financially supportive partner. \n3. **Most hobbies can be accomplished within very reasonable budgets if you plan well and only purchase things you are really going to use.** Animals are awesome. Sports are fun. Music is amazing. Video games can provide near infinite entertainment. There are a lot of cool things to spend your time on that are cheap per hour of entertainment provided (and aren\'t $10 drinks at the bar). Even if you love the bars, you can go to most bars with your friends for free. Be the designated driver. Drink at home and walk/lyft out to the bars with your friends (once COVID is under control, of course). It\'s not that big of a deal to plan a bit.\n4. **Invest and Invest EARLY!** The first money I earned and paid taxes on at an internship went into a Roth IRA immediately. I maxed all my retirement accounts in year 1 of my first real job and didn\'t increase my lifestyle nearly at all except for social obligations with new coworkers (and even then, I found the cheapest way to do everything while still pulling my weight). Despite the fact it now looks like I am some Tesla/Crypto dude, I started out with basically ALL broad based index funds for *years*. My cost basis in real estate/index funds is probably $400,000-$500,000 while my cost basis in individual stocks/crypto is probably $40,000 after 10 years.\n5. **Find hobbies that make you money!** I love looking at real estate. My spouse and I bought a property and rented out extra rooms. We made some money on rent, we made some money on appreciation. We have had quite a few small headaches and inconveniences but it still has been an adventure, and a profitable one! Plus we have learned a lot.\n6. **Set a goal, give yourself a reasonable reward!** You don\'t have to spend nothing. I just try not to waste anything. Over time, dogs are expensive. I wanted a dog anyways. Once I had a steady job and a positive performance review under my belt, I adopted a dog! Worth every penny. After 8 years, I upgraded my reliable used car to my first new car - I just plan to keep it for 15 years and take care of it.\n\n**TL;DR: Went to a state school and utilized whate...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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17108.40, 17717.41, 18177.48, 19625.84, 18803.00, 19201.09, 19445.40, 18699.77, 19154.23, 19345.12
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['* Asian stock markets: https://tmsnrt.rs/2zpUAr4\n* Highly-anticipated vaccine facing more scrutiny\n* Equity markets pull back from record highs\n* Oil hit by concerns about oversupply\n* U.S. financial markets closed Thursday for Thanksgiving\nBy Stanley White\nTOKYO, Nov 27 (Reuters) - Asian shares fell slightly on Friday, pulling back from a record high hit earlier this week, amid renewed doubts about a highly-anticipated coronavirus vaccine and concern about the economic impact from the pandemic.\nMSCI\'s broadest index of Asia-Pacific shares outside Japan fell 0.07%. Australian shares were down 0.15%. Japan\'s Nikkei fell 0.09%.\nU.S. S&P 500 e-mini stock futures fell 0.24% in early Asian trade. U.S. financial markets were closed on Thursday for the Thanksgiving holiday and will trade on a partial schedule later on Friday.\nOil prices looked set to extend their declines from a seven-month high due to signs of oversupply.\nBritish drugmaker AstraZeneca\'s coronavirus drug was touted as a "vaccine for the world" due to its inexpensive cost, but the efficacy of the vaccine is now facing more intense scrutiny, which experts say could delay its approval.\nSeveral scientists have raised doubts about the robustness of results showing the shot was 90% effective in a sub-group of trial participants who, by error initially, received a half dose followed by a full dose.\n"With global case numbers having now topped 60 million... there is certainly some rough terrain ahead for the global recovery, and that can create economic scarring," analysts at ANZ Bank wrote in a memo.\nMSCI\'s broadest gauge of world stocks was up 0.02% on Friday in Asia, sitting just below a record high reached in the previous session.\nDoubts about the distribution of a coronavirus vaccine have placed renewed focus on the current state of the pandemic, which looks grim for many places.\nU.S. hospitalizations for COVID-19 are at a record and experts warn that Thanksgiving could lead to further infections and deaths.\nMore than 20 million people across England will be forced to live under the toughest restrictions even after a national lockdown ends on Dec. 2. Partial lockdowns in some European countries have also raised concern about economic growth.\nThe European Central Bank\'s chief economist highlighted these concerns in dovish comments on Thursday, which pushed European bond yields lower.\nThe euro, which last bought $1.1910, showed little reaction because currency traders have largely priced in expectations for additional ECB easing next month.\nThe dollar index was near its lowest in more than two months, but moves were subdued due to the U.S. trading holiday.\nU.S. crude dipped 1.71% to $44.93 a barrel.\nFuel demand is falling due to renewed coronavirus lockdowns, but some oil producers are not complying with agreed production cuts, which raises concerns about oversupply.\nSpot gold, which is often sought during times of uncertainty, was little changed at $1,809.51 per ounce following a 0.3% gain on Thursday.\nBitcoin, the world\'s biggest cryptocurrency, steadied at $17,180 on Thursday, but it tumbled by 8.4% in the previous session after failing to take out its record high of $19,666.\nBitcoin has rallied around 140% this year, fuelled by demand for riskier assets.\n(Reporting by Stanley White; editing by Richard Pullin)', '* Asian stock markets: https://tmsnrt.rs/2zpUAr4 * Highly-anticipated vaccine facing more scrutiny * Equity markets pull back from record highs * Oil hit by concerns about oversupply * U.S. financial markets closed Thursday for Thanksgiving By Stanley White TOKYO, Nov 27 (Reuters) - Asian shares fell slightly on Friday, pulling back from a record high hit earlier this week, amid renewed doubts about a highly-anticipated coronavirus vaccine and concern about the economic impact from the pandemic. MSCI\'s broadest index of Asia-Pacific shares outside Japan fell 0.07%. Australian shares were down 0.15%. Japan\'s Nikkei fell 0.09%. U.S. S&P 500 e-mini stock futures fell 0.24% in early Asian trade. U.S. financial markets were closed on Thursday for the Thanksgiving holiday and will trade on a partial schedule later on Friday. Oil prices looked set to extend their declines from a seven-month high due to signs of oversupply. British drugmaker AstraZeneca\'s coronavirus drug was touted as a "vaccine for the world" due to its inexpensive cost, but the efficacy of the vaccine is now facing more intense scrutiny, which experts say could delay its approval. Several scientists have raised doubts about the robustness of results showing the shot was 90% effective in a sub-group of trial participants who, by error initially, received a half dose followed by a full dose. "With global case numbers having now topped 60 million... there is certainly some rough terrain ahead for the global recovery, and that can create economic scarring," analysts at ANZ Bank wrote in a memo. MSCI\'s broadest gauge of world stocks was up 0.02% on Friday in Asia, sitting just below a record high reached in the previous session. Doubts about the distribution of a coronavirus vaccine have placed renewed focus on the current state of the pandemic, which looks grim for many places. U.S. hospitalizations for COVID-19 are at a record and experts warn that Thanksgiving could lead to further infections and deaths. Story continues More than 20 million people across England will be forced to live under the toughest restrictions even after a national lockdown ends on Dec. 2. Partial lockdowns in some European countries have also raised concern about economic growth. The European Central Bank\'s chief economist highlighted these concerns in dovish comments on Thursday, which pushed European bond yields lower. The euro, which last bought $1.1910, showed little reaction because currency traders have largely priced in expectations for additional ECB easing next month. The dollar index was near its lowest in more than two months, but moves were subdued due to the U.S. trading holiday. U.S. crude dipped 1.71% to $44.93 a barrel. Fuel demand is falling due to renewed coronavirus lockdowns, but some oil producers are not complying with agreed production cuts, which raises concerns about oversupply. Spot gold, which is often sought during times of uncertainty, was little changed at $1,809.51 per ounce following a 0.3% gain on Thursday. Bitcoin, the world\'s biggest cryptocurrency, steadied at $17,180 on Thursday, but it tumbled by 8.4% in the previous session after failing to take out its record high of $19,666. Bitcoin has rallied around 140% this year, fuelled by demand for riskier assets. (Reporting by Stanley White; editing by Richard Pullin)', 'By Rodrigo Campos\nNEW YORK (Reuters) - Stocks rose across the globe on Friday to close at a fresh high and remained on track for their strongest monthly performance on record but the Nasdaq outperformed on Wall Street and Treasury yields fell, indicating lingering concerns over rising coronavirus cases globally.\nA global stock index touched a record high for the third session this week while the dollar index, a measure of the greenback versus six peers, touched a three-month low and closed at its lowest since April 2018.\nOn Wall Street, the main indexes rose and the Nasdaq Composite hit a record high. The Nasdaq outperformance mirrors recent sessions when, despite rising stocks, the focus was on the economic impact of the pandemic. The U.S. expects a further surge in coronavirus infections following the Thanksgiving holiday.\nThe Dow Jones Industrial Average rose 37.9 points, or 0.13%, to 29,910.37, the S&P 500 gained 8.7 points, or 0.24%, to 3,638.35 and the Nasdaq Composite added 111.44 points, or 0.92%, to 12,205.85.\nEuropean stocks rose after the European Central Bank reinforced expectations of further stimulus next month and Sweden\'s Riksbank made a surprise increase to its quantitative-easing program.\nThe pan-European STOXX 600 index rose 0.41% and MSCI\'s gauge of stocks across the globe gained 0.39% to 623.75 after touching a high of 624.29.\nEmerging market stocks rose 0.12%, while Japan\'s Nikkei rose 0.40%.\nQuestions also lingered over trial data on AstraZeneca\'s COVID-19 "vaccine for the world," as several scientists sounded caution over the trial results.\nAustralian shares ended down 0.5% with Treasury Wine Estates down 11.25% as China imposed new tariffs on Australian wine, the latest move in the countries\' long-running trade row.\nGraphic: Emerging market stocks\' November to remember, https://fingfx.thomsonreuters.com/gfx/mkt/xlbvgzdxwpq/Pasted%20image%201606391823401.png\nThe European Union and Britain said substantial differences remained over a Brexit trade deal, as the EU chief negotiator prepared to travel to London in a last-ditch attempt to avoid a tumultuous finale to the five-year crisis.\nSterling, which has climbed over 3% against the dollar this month, was last trading at $1.3299, down 0.42% on the day. [GBP/]\n"Clearly, there are substantial and important differences still to be bridged, but we\'re getting on with it," British Prime Minister Boris Johnson told reporters.\nThe dollar index fell 0.269%, with the euro up 0.39% to $1.196. The Japanese yen strengthened 0.24% versus the greenback at 104.03 per dollar.\n"Over the longer term, this is probably the right trend for the dollar. We think the dollar has further room to the downside," said Bipan Rai, North America head of foreign exchange strategy at CIBC Capital Markets.\nThe yield on benchmark Treasury notes fell as some investors sought the safety of holding government debt over persistent concerns about the surge in coronavirus cases and lockdowns in several U.S. states and around the world.\nThe 10-year notes last rose 11/32 in price to yield 0.8422%, from 0.878% late on Wednesday.\nOil prices, up for a fourth straight week, were mixed.\nU.S. crude recently fell 0.42% to $45.52 per barrel and Brent was at $48.27, up 0.98% on th
**Last 60 Days of Bitcoin's Closing Prices:**
[10709.65, 10844.64, 10784.49, 10619.45, 10575.97, 10549.33, 10669.58, 10793.34, 10604.41, 10668.97, 10915.69, 11064.46, 11296.36, 11384.18, 11555.36, 11425.90, 11429.51, 11495.35, 11322.12, 11358.10, 11483.36, 11742.04, 11916.33, 12823.69, 12965.89, 12931.54, 13108.06, 13031.17, 13075.25, 13654.22, 13271.29, 13437.88, 13546.52, 13781.00, 13737.11, 13550.49, 13950.30, 14133.71, 15579.85, 15565.88, 14833.75, 15479.57, 15332.32, 15290.90, 15701.34, 16276.34, 16317.81, 16068.14, 15955.59, 16716.11, 17645.41, 17804.01, 17817.09, 18621.31, 18642.23, 18370.00, 18364.12, 19107.46, 18732.12, 17150.62]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2020-11-27
**Financial & Commodity Data:**
- Gold Closing Price: $1781.90
- Crude Oil Closing Price: $45.53
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $316,004,244,150
- Hash Rate: 134710225.69469494
- Transaction Count: 322445.0
- Unique Addresses: 719237.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.86
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Dublin, Nov. 17, 2020 (GLOBE NEWSWIRE) -- The"Cryptocurrency Market - Growth, Trends, and Forecasts (2020 - 2025)"report has been added toResearchAndMarkets.com'soffering.Cryptocurrencies which are designed to use for peer-to-peer transactions without being liable to any government or central bank are the latest financial innovations explored not only for the reasons of their being but also for potential risks and opportunities in the financial industry.There are thousands of cryptocurrencies with various design goals. These design goals are to provide a digital currency alternative to cash (Bitcoin, Monero and Bitcoin cash), to support payment system at low-cost ( Ripple, Particl and Utility Settlement Coin),to support peer-to-peer trading activity by creating tokens ( RMG and Maecanas), to facilitate secure access to a good or service in peer-to-peer trading (Golem, Filecoin) and to support underlying platform or protocol ( Ether and NEO). These design goals mentioned won't be exhaustive as new cryptocurrencies are being created every week. Blockchain is the underlying technology for most of the cryptocurrencies.The cryptocurrency market is segmented based on the market capitalization of large number of cryptocurrencies. The cryptocurrencies overlap with key areas of monetary and financial system. Given their rapid growth, complexity, high volatility and potentiality for facilitating illicit activities, regulators and policy makers across the world are bothered about their inclusion into the existing system and revising the existing systems to fit them, if included.Key Market TrendsA brief on the Volatility in the Market Capitalization of CryptocurrenciesThe evolving nature of this market with new cryptocurrencies created every week it is difficult to know how big the cryptocurrency market is. A wide scope of market exchanges for cryptocurrency trading, spread across the globe because of their privacy protection features as well as rapid growth, extreme price volatility, and market illiquidity add to the complexity of the cryptocurrency market. The market capitalization of cryptocurrencies over the years shows how high the price volatility of the market is.The estimated cryptocurrency market capitalization, for example, during the month of January 2018, varied between 400 billion USD and 800 billion USD which was at 566 billion USD at the beginning of the year 2018 and finally settled at 128 billion USD by the end of the year 2018. In terms of transaction volumes, bitcoin alone had the highest number of 200,000 average daily transactions.Adoption of Blockchain Technology Increasing on a Robust PaceEnterprise adoption of the blockchain technology has quietly reached a tipping point across multiple use cases. Companies who have recognized value from their initial pilot projects are now moving towards turning these projects into production. Specifically there is still uncertainty about this technology in the areas of regulations and governance, but the adoption of blockchain for financial services, identity, trade and other markets are increasing.Global blockchain spending will be led by the banking industry followed by discrete manufacturing and process manufacturing with a combined market share of about 50% of overall spending. In the banking industry, the spending will be driven by two of the largest use cases - cross border payments & settlements and trade finance & post-trade settlements.Spending on blockchain solutions will be the highest in the United States followed by Western Europe and China. All the regions shown in the infographics are expected to see phenomenal growth in the coming years.Competitive LandscapeThe report includes different segments like coin product developers, mining services, cryptocurrency exchanges, wallet companies, etc along with a note on recent mergers and acquisitions that shaped the ecosystem.Reasons to Purchase this report:
• The market estimate (ME) sheet in Excel format
• 3 months of analyst support
Key Topics Covered:1 INTRODUCTION1.1 Scope of the Market1.2 Market Definition2 RESEARCH METHODOLOGY2.1 Study Deliverables2.2 Study Assumptions2.3 Analysis Methodology2.4 Research Phases3 EXECUTIVE SUMMARY4 MARKET INSIGHTS AND DYNAMICS4.1 Market Overview4.1.1 A Brief on the Structure and Technological Aspects of Cryptocurrencies4.1.2 Price Volatility of the cryptocurrency market4.1.3 Market Capitalization of Major Cryptocurrencies4.1.4 Rationale for widespread Crypto Mining Areas Across the Globe4.2 Major Concerns for Policymakers About Cryptocurrencies4.2.1 Effects of Cryptocurrency Market on Eonomic Efficiency and Growth4.2.2 Impact on Financial Stability due to Cryptocurrenncy Adoption4.2.3 Effects on Monetary Policy due to Cryptocurrency Adoption4.2.4 Effects on Fiscal Policy due to Cryptocurrency Adoption4.2.5 Probable ways of Taxation of Cryptocurrency Market4.2.6 Cons of Cryptocurrency Adoption into Financial Ecosystem4.2.7 Tools at the Disposal of Policymakers to Counter the Cons of Cryptocurrency Adoption4.3 A Brief on Investment Outlook in Cryptocurrency Market4.4 Latest Developments in the Cryptocurrency Market4.5 Market Drivers4.6 Market Restraints5 MARKET SEGMENTATION AND ANALYSIS5.1 Geography5.1.1 Americas (United States, Canada, Latin America and Caribbean)5.1.2 Europe5.1.3 United Kingdom5.1.4 Asia-Pacific5.1.5 Middle East & Africa5.2 By Design Goals5.2.1 Digital Cash Coins5.2.2 Payment Infrastructure Tokens5.2.3 Securities Tokens5.2.4 Utility Tokens5.2.5 General Platform Tokens5.2.6 Others5.3 By Market Capitalization5.3.1 Bitcoin5.3.2 Ethereum5.3.3 Ripple5.3.4 Bitcoin Cash5.3.5 Cardano5.3.6 Others6 COMPETITIVE LANDSCAPE6.1 Overview (Market Concentration and Major Players)6.2 Mergers & Acquisitions6.3 Segments and Company Profiles6.3.1 Coin Product Developers6.3.2 Mining Services6.3.3 Cloud for Bitcoin6.3.4 Cryptocurrency Exchanges6.3.5 Wallet Companies6.3.6 Payment and Trading Solution Providers6.3.7 Others7 MARKET OPPORTUNITIES AND FUTURE TRENDSFor more information about this report visithttps://www.researchandmarkets.com/r/amzz4m
Research and Markets also offersCustom Researchservices providing focused, comprehensive and tailored research.
CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager [email protected] For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900...
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
17717.41, 18177.48, 19625.84, 18803.00, 19201.09, 19445.40, 18699.77, 19154.23, 19345.12, 19191.63
|
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Bitcoin , BTC to USD, fell by 0.24% on Friday. Following on from an 8.09% slide on Thursday, Bitcoin ended the day at $17,171.0. A mixed start to the day saw Bitcoin rise to an early morning intraday high $17,531.0 before hitting reverse. Falling short of the first major resistance level at $18,641, Bitcoin slid to a mid-afternoon intraday low $16,501.0. Steering clear of the first major support level at $16,050, Bitcoin moved back through to $17,100 levels to limit the downside on the day. The near-term bullish trend remained intact, in spite of the latest slide back to sub-$17,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $9,920 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was a mixed day on Friday. Ripple’s XRP rose by 4.64% to lead the way. Binance Coin (+0.80%), Cardano’s ADA (+2.44%), and Polkadot (+0.11%) also found support. It was a bearish day for the rest of the majors, however. Crypto.com Coin slid by 4.79% to lead the way down. Bitcoin Cash SV (-2.81%), Chainlink (-0.74%), Ethereum (-0.25%), and Litecoin (-2.70%), also joined Bitcoin in the red. In the current week, the crypto total market cap rose to a Tuesday high $593.32bn before sliding to a Thursday low $467.23bn. At the time of writing, the total market cap stood at $504.22bn. Bitcoin’s dominance rose to a Monday high 64.75% before sliding to a Tuesday low of 60.80%. At the time of writing, Bitcoin’s dominance stood at 62.94%. This Morning At the time of writing, Bitcoin was down by 0.22% 17,133.0. A mixed start to the day saw Bitcoin rise to an early morning high $17,198.0 before falling to a low $17,031.0. Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was a mixed start to the day. Bitcoin Cash SV (+0.71%) and Crypto.com Coin (+3.90%) bucked the trend early on. It was a bearish start for the rest of the majors, however. At the time of writing, Polkadot was down by 0.65% to lead the way down. Story continues For the Bitcoin Day Ahead Bitcoin would need to avoid a fall back through the pivot level at $17,068 to bring the first major resistance level at $17,634 into play. Support from the broader market would be needed for Bitcoin to break back through to $17,500 levels. Barring an extended crypto rally, the first major resistance level and Friday’s high $17,531.0 would likely cap any upside. In the event of a crypto breakout, Bitcoin could test resistance at $18,000 before any pullback. The second major resistance level sits at $18,098. Failure to avoid a fall back through the $17,068 pivot would bring the first major support level at $16,604 into play. Barring another extended crypto sell-off, Bitcoin should steer clear of sub-$16,000 levels. The second major support level at $16,038 should limit any downside. This article was originally posted on FX Empire More From FXEMPIRE: Silver Price Forecast – Silver Testing Major Support Silver Weekly Price Forecast – Silver Markets Have Tough Week Natural Gas Weekly Price Forecast – Natural Gas Has Neutral Week The Crypto Daily – Movers and Shakers – November 28th, 2020 Gold Forecast – Gold Indicator Triggers Buy Signal Oil Rebounds After Yesterday’s Pullback', 'Bitcoin, BTC to USD, fell by 0.24% on Friday. Following on from an 8.09% slide on Thursday, Bitcoin ended the day at $17,171.0.\nA mixed start to the day saw Bitcoin rise to an early morning intraday high $17,531.0 before hitting reverse.\nFalling short of the first major resistance level at $18,641, Bitcoin slid to a mid-afternoon intraday low $16,501.0.\nSteering clear of the first major support level at $16,050, Bitcoin moved back through to $17,100 levels to limit the downside on the day.\nThe near-term bullish trend remained intact, in spite of the latest slide back to sub-$17,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $9,920 to form a near-term bearish trend.\nAcross the rest of the majors, it was a mixed day on Friday.\nRipple’s XRProse by 4.64% to lead the way.\nBinance Coin(+0.80%),Cardano’s ADA(+2.44%), and Polkadot (+0.11%) also found support.\nIt was a bearish day for the rest of the majors, however.\nCrypto.com Coinslid by 4.79% to lead the way down.\nBitcoin Cash SV(-2.81%),Chainlink(-0.74%),Ethereum(-0.25%), andLitecoin(-2.70%), also joined Bitcoin in the red.\nIn the current week, the crypto total market cap rose to a Tuesday high $593.32bn before sliding to a Thursday low $467.23bn. At the time of writing, the total market cap stood at $504.22bn.\nBitcoin’s dominance rose to a Monday high 64.75% before sliding to a Tuesday low of 60.80%. At the time of writing, Bitcoin’s dominance stood at 62.94%.\nAt the time of writing, Bitcoin was down by 0.22% 17,133.0. A mixed start to the day saw Bitcoin rise to an early morning high $17,198.0 before falling to a low $17,031.0.\nBitcoin left the major support and resistance levels untested early on.\nElsewhere, it was a mixed start to the day.\nBitcoin Cash SV (+0.71%) and Crypto.com Coin (+3.90%) bucked the trend early on.\nIt was a bearish start for the rest of the majors, however.\nAt the time of writing, Polkadot was down by 0.65% to lead the way down.\nBitcoin would need to avoid a fall back through the pivot level at $17,068 to bring the first major resistance level at $17,634 into play.\nSupport from the broader market would be needed for Bitcoin to break back through to $17,500 levels.\nBarring an extended crypto rally, the first major resistance level and Friday’s high $17,531.0 would likely cap any upside.\nIn the event of a crypto breakout, Bitcoin could test resistance at $18,000 before any pullback. The second major resistance level sits at $18,098.\nFailure to avoid a fall back through the $17,068 pivot would bring the first major support level at $16,604 into play.\nBarring another extended crypto sell-off, Bitcoin should steer clear of sub-$16,000 levels. The second major support level at $16,038 should limit any downside.\nThisarticlewas originally posted on FX Empire\n• Silver Price Forecast – Silver Testing Major Support\n• Silver Weekly Price Forecast – Silver Markets Have Tough Week\n• Natural Gas Weekly Price Forecast – Natural Gas Has Neutral Week\n• The Crypto Daily – Movers and Shakers – November 28th, 2020\n• Gold Forecast – Gold Indicator Triggers Buy Signal\n• Oil Rebounds After Yesterday’s Pullback', 'PALO ALTO, Calif., Nov. 27, 2020 (GLOBE NEWSWIRE) --Bitcoin Latinum, the next-generation Bitcoin fork capable of massive transaction volume, digital asset management, cyber security, and capacity is announcing its official pre-sale launch. Bitcoin Latinum will trade under the symbol LTNM with a total supply of 888,888,888 LTNM [verifiable by LTNM].\nBitcoin Latinum is now available for pre-sale onwww.bitcoinlatinum.comand will be available on exchanges in 2021.\nMarsh & McLennan, one of the world\'s leading specialty insurance brokers and risk advisers, has been appointed to arrange a comprehensive insurance program for Bitcoin Latinum. The insurance coverage, to be arranged by Marsh Asia, will protect Bitcoin Latinum holders in case of external theft and internal collusion, potentially up to the full value of their holdings. This contemplated insurance coverage will make Bitcoin Latinum the world\'s largest insured digital asset.\nThe Bitcoin Latinum tokens are a part of a blockchain ecosystem being adopted by companies in media, gaming, storage, cloud, and telecommunications. Bitcoin Latinum tokens will be interchangeably used on each of these partner/supplier networks by consumers. In addition, Bitcoin Latinum adds security around inflight transactions and enhanced mining node protection based on memory scanning technology. Furthermore, Bitcoin Latinum looks to reduce the cost of a Bitcoin transaction from dollars to pennies for on-chain transactions and even lower rates for lightning-based transactions.\nBitcoin\'s market cap is nearing $200 billion and makes up approximately 84% of the cryptocurrency market. Bitcoin recently crossed $18,000 per token, demonstrating a strong bull market. Earlier this year, Gartner stated that blockchain technology will create more than $176 billion worth of business value by 2025, and $3.1 trillion by 2030. There are trillions of dollars in global assets that could potentially be digitized.\nBitcoin Latinum is an enhanced Bitcoin fork. The Bitcoin Latinum algorithm and infrastructure break barriers and speed limits that have prevented some virtual currencies from achieving practical, real-time use. Bitcoin Latinum taps into the new wave of crypto DeFi — decentralized finance – for its role in independent digital transactions. According to Nasdaq, the total DeFi related cryptocurrency market recently passed $14 billion, up from $1 billion in February 2020.\nAdopting Bitcoin Latinum is Academy Award winning studio Cross Creek Media. Cross Creek has grossed over $1.7 billion in the worldwide box office. Cross Creek Media, who has long term relationships with Sony Pictures Entertainment and Universal Pictures, most recently expanded its digital assets in film, television, and IP with Monsoon Blockchain & Marsh. Cross Creek has been a co-financier/producer of such films as Oscar winnerBlack Swanand has been behind hitsAmerican Made,Everest, and Hacksaw Ridge.Timmy Thompson, CEO of Cross Creek Media stated, "We are very excited about Bitcoin Latinum and its capabilities as an insured token, as we continue developing award-winning properties. Cross Creek\'s portfolio of new media technology investments perfectly positions us to take advantage of the digital asset sector in Media and Gaming."\nDraper Dragon Fund will be playing a major role with Bitcoin Latinum. Draper Dragon Fund has invested in blockchain companies Telegram, Ledger, Vechain, Ultrain, Aelf and Token Insight. "The partnership with Marsh, Monsoon, and Bitcoin Latinum would further extend our digital asset portfoli
**Last 60 Days of Bitcoin's Closing Prices:**
[10844.64, 10784.49, 10619.45, 10575.97, 10549.33, 10669.58, 10793.34, 10604.41, 10668.97, 10915.69, 11064.46, 11296.36, 11384.18, 11555.36, 11425.90, 11429.51, 11495.35, 11322.12, 11358.10, 11483.36, 11742.04, 11916.33, 12823.69, 12965.89, 12931.54, 13108.06, 13031.17, 13075.25, 13654.22, 13271.29, 13437.88, 13546.52, 13781.00, 13737.11, 13550.49, 13950.30, 14133.71, 15579.85, 15565.88, 14833.75, 15479.57, 15332.32, 15290.90, 15701.34, 16276.34, 16317.81, 16068.14, 15955.59, 16716.11, 17645.41, 17804.01, 17817.09, 18621.31, 18642.23, 18370.00, 18364.12, 19107.46, 18732.12, 17150.62, 17108.40]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2020-11-28
**Financial & Commodity Data:**
- Gold Closing Price: $1781.90
- Crude Oil Closing Price: $45.53
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $328,596,749,438
- Hash Rate: 134710225.69469494
- Transaction Count: 293949.0
- Unique Addresses: 644206.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.87
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: The Federal Reservesaidit would hold benchmark interest rates at their current level and continue increasing holdings of U.S. Treasurys and mortgage bonds at least at the current pace or as needed “to sustain smooth market functioning.”
• The statement is in keeping with economists’ expectations for the U.S. central bank to take no new monetary policy actions.
• “Weaker demand and earlier declines in oil prices have been holding down consumer price inflation,” according to the Fed statement, which noted the “COVID-19 pandemic is causing tremendous human and economic hardship across the United States and around the world.”
• “Overall financial conditions remain accommodative, in part reflecting policy measures to support the economy and the flow of credit to U.S. households and businesses.”
• “The path of the economy will depend significantly on the course of the virus. The ongoing public health crisis will continue to weigh on economic activity, employment and inflation in the near term, and poses considerable risks to the economic outlook over the medium term.”
• The Fed has expanded its balance sheet by about $3 trillion this year to $7.1 trillion, sparking fears of future inflation that have bolstered investor demand for bitcoin, seen as a hedge against rising consumer prices and a weakening dollar.
• Bitcoin (BTC) prices havedoubled this year to roughly $15,000.
Read More:Bitcoin Likes Biden (and Fed’s Powell) as Price Approaches $15K
• Federal Reserve Keeps Rates Close to Zero, Maintains Asset Purchases
• Federal Reserve Keeps Rates Close to Zero, Maintains Asset Purchases
• Federal Reserve Keeps Rates Close to Zero, Maintains Asset Purchases
• Federal Reserve Keeps Rates Close to Zero, Maintains Asset Purchases...
- Reddit Posts (Sample): [['u/SixLegsGood', "'Impermanent Loss'? How do buttcoiners come up with these dumb phrases?", 18, '2020-11-28 01:10', 'https://www.reddit.com/r/Buttcoin/comments/k2cvrg/impermanent_loss_how_do_buttcoiners_come_up_with/', 'For sane people who have steered clear of the ~~investment opportunity~~outright fraud that is DeFi, \'impermanent loss\' is a wonderfully stupid term coined by butters to explain away losses.\n\nThere\'s a good explanation at https://finematics.com/impermanent-loss-explained/ - but the short version is:\n\n* There are smart contracts that allow automated, on-chain trading between different coins.\n* You can make money by providing liquidity to these contracts, i.e. lending them some coins. In return, you get a % of the trading fees that the smart contract charges users.\n* However, as Eth & DeFi usability/UI sucks, most(?) of the trading that takes place is by automated bots.\n* These bots only place trades when there is arbitrage, i.e. they can buy the coins cheaply from the smart contract and then sell them immediately on another exchange for more money.\n* The profits these bots make is coming from the liquidity providers, they are the ones losing the money.\n* But not to worry! This is what buttcoiners are calling an **\'impermanent loss\'** - it\'s not really a loss because **it only becomes real when you withdraw and sell your liquidity coins!!!**\n\nI thought that the whole *"I haven\'t really lost any money in bitcoin because I haven\'t sold my coins yet"* idea was a joke, a dumb meme by HODLers, but it turns out that DeFi idiots take it so seriously that they\'ve invented a formal term for it and write lots of lengthy web pages trying to justify the stupid!', 'https://www.reddit.com/r/Buttcoin/comments/k2cvrg/impermanent_loss_how_do_buttcoiners_come_up_with/', 'k2cvrg', [['u/TheAnalogKoala', 21, '2020-11-28 02:39', 'https://www.reddit.com/r/Buttcoin/comments/k2cvrg/impermanent_loss_how_do_buttcoiners_come_up_with/gdto1r5/', 'Ok I’m not sure about this. From the link, it appears the liquidity providers earn fees from every trade. If the total fees are better than the opportunity cost of just holding the coin, then it seems the liquidity providers could come out ahead even if the arbitrage bots take some of the increase in the coin. \n\nAm I confused here?', 'k2cvrg'], ['u/cryptOwOcurrency', 11, '2020-11-28 03:16', 'https://www.reddit.com/r/Buttcoin/comments/k2cvrg/impermanent_loss_how_do_buttcoiners_come_up_with/gdtrk8h/', "No, you're not confused. You seem to be the first person in this thread to understand it properly.", 'k2cvrg'], ['u/devliegende', 10, '2020-11-28 05:02', 'https://www.reddit.com/r/Buttcoin/comments/k2cvrg/impermanent_loss_how_do_buttcoiners_come_up_with/gdu19i1/', "It's a zero sum game. Who exactly takes the loss may be obfuscated, but it can never be removed.", 'k2cvrg']]], ['u/flprd', 'How to manage a bitcoin wallet after life?', 11, '2020-11-28 02:05', 'https://www.reddit.com/r/Bitcoin/comments/k2dt5g/how_to_manage_a_bitcoin_wallet_after_life/', "Okey, most of us are rather young but we are aging. I am an humble Hodler of some crypto assets and truly believe that probably only my kids may potentially take proper financial advantage of an Hodler father.\nI am trying to secure my current assets with cold wallets etc and well there are several strategies, good or bad, that can be adopted to do so.\n\nQuestion is: how to properly manage this kind of assets together with the risk that one can suddenly pass away or become disable in a way that your close ones cannot have access to your assets? Shouldn't there be a procedure or strategy to deal with this issue?\n\nI am worried with the possibility that my net worth continues to grow after I die without having anyone with access to it... \n\nWho has some plans on how to deal with this issue?", 'https://www.reddit.com/r/Bitcoin/comments/k2dt5g/how_to_manage_a_bitcoin_wallet_after_life/', 'k2dt5g', [['u/back4thefight', 10, '2020-11-28 02:13', 'https://www.reddit.com/r/Bitcoin/comments/k2dt5g/how_to_manage_a_bitcoin_wallet_after_life/gdtljt8/', 'Have a will. Educate your executor/trustee on how to manage bitcoin assets, or at the very least tell them how to hire someone who can manage it. In Ontario at least, most estates seem to just liquidate assets (aside from real property) to distribute shares to beneficiaries in cash.\n\n\nI’m a lawyer, and sadly 99% of my clients are more than twice my age, but I have had some younger clients who have had me include Schedules to their will that include their various pass phrases for wallets and such.', 'k2dt5g']]], ['u/Giraffetamer12', 'Im gonna make myself sound really stupid but I just need something cleared up', 13, '2020-11-28 02:10', 'https://www.reddit.com/r/BitcoinBeginners/comments/k2dw5h/im_gonna_make_myself_sound_really_stupid_but_i/', "So as far as I'm aware, the way bitcoin works is the ledger keeps track of all transactions on the blockchain. And I heard in a youtube video explaining bitcoin that the way the system makes sure that it has the most updated version of the ledger is by simply using the longest ledger. But if that's true, what's stopping someone from creating an altered version of the ledger and convincing the rest of the nodes in the network that it's the real ledger by simply being longer than other versions of the ledger?", 'https://www.reddit.com/r/BitcoinBeginners/comments/k2dw5h/im_gonna_make_myself_sound_really_stupid_but_i/', 'k2dw5h', [['u/blarghusmaximus', 14, '2020-11-28 02:17', 'https://www.reddit.com/r/BitcoinBeginners/comments/k2dw5h/im_gonna_make_myself_sound_really_stupid_but_i/gdtlx8v/', 'The "length" is the number of confirmed transactions -- youd have to have more power than the rest of the network combined to pull it off. \n\nIts referred to as a "51% attack" and its essentially impossible with bitcoin at this point. Google that phrase for more.', 'k2dw5h'], ['u/Giraffetamer12', 10, '2020-11-28 02:35', 'https://www.reddit.com/r/BitcoinBeginners/comments/k2dw5h/im_gonna_make_myself_sound_really_stupid_but_i/gdtnpnv/', "So theoretically it's possible but it would just take a massive amount of resources?", 'k2dw5h'], ['u/blarghusmaximus', 15, '2020-11-28 02:40', 'https://www.reddit.com/r/BitcoinBeginners/comments/k2dw5h/im_gonna_make_myself_sound_really_stupid_but_i/gdto3xv/', 'I guess... I mean... It would take so many resources that if you had such resources ... there would be no reason to attack bitcoin to steal more.', 'k2dw5h'], ['u/Delicious_Context_53', 10, '2020-11-28 05:14', 'https://www.reddit.com/r/BitcoinBeginners/comments/k2dw5h/im_gonna_make_myself_sound_really_stupid_but_i/gdu2c1x/', 'In fact with that many resources it is better to just be a miner with a high probability of reward. The only way around this incentive is e.g. a nation state incentive to destroy confidence in Bitcoin. Or I guess a “watch the world burn” Joker type villain.', 'k2dw5h']]], ['u/DrRobertBottle', "PayPal next moves will show it's brilliance", 143, '2020-11-28 02:36', 'https://www.reddit.com/r/Bitcoin/comments/k2eb03/paypal_next_moves_will_show_its_brilliance/', 'tl;dr PayPal\'s closed ecosystem for Bitcoin will finally make using Bitcoin for purchases a reality by allowing Bitcoin to be used on millions of merchants\' sites and simplify tax reporting by PayPal issuing 1099-B forms for those purchases.\n\nI used to buy stuff with Bitcoin but it was such a pain in the ass to report every purchase on my taxes. There are a bunch of people that are anti-IRS in the Bitcoin community and don\'t feel like people are obligated to report to the IRS their purchases using Bitcoin. I don\'t want to debate that. Let\'s assume every purchase that a person makes with Bitcoin needs to be reported on form 8949. When a person buys on exchanges like coinbase, binance, etc, those exchanges are an open eco-system. Once a bitcoin leaves those exchanges, those exchanges don\'t know what happens to those bitcoins(for the most part). So, those exchanges can\'t automate your tax filings.\n\nPayPal has setup a closed eco-system where they know a person\'s purchase history of bitcoin, their sales history of bitcoin and the history of when they bought something using bitcoin(via PayPal). So, PayPal has all the necessary information to generate a 1099-B for that person. A 1099-B completely simplifies tax filing for purchases made with Bitcoin.\n\nTo give you a concrete example. Let make the following assumptions:\n\nI bought 1 bitcoin on August 1st 2020 for $10,000\n\nOn Sept 1st, 2020, I bought a TV for $2000 using Bitcoin and the price of one Bitcoin was $20,000.\n\nSo, let\'s work through what happens if I used Coinbase to originally buy that 1 bitcoin. So I bought that Bitcoin and then I moved it to my hardware wallet. I had to pay some amount of bitcoin in transaction fees to move that bitcoin. To make things "simple", let\'s assume the network transaction fee was .01 btc. So that improves my cost basis but overall it cost me money but my new cost basis is .99 bitcoin for a $10,000(this makes the effective cost basis of 1 btc to be $10,101.01). Then I purchase the tv from my hardware wallet. There would be another network transaction cost but let\'s assume it was free. Coinbase has no idea what I did with that bitcoin that I bought from them. So, it\'s now my obligation to report my capital gain to the IRS since the price had gone up since I bought that bitcoin. So, my capital gain would be: I used .1 bitcoin to buy a $2000 TV. My cost basis of that .1 btc was $1010.01. So I had a capital gain fo $989.99 that I need to pay short term capital gain taxes on that.\n\nNow I imagine that I buy a $4 cup of coffee every day. I have to do this calculation for every cup of coffee that I had. Complete and utter insanity to manually calculate the capital gain of every purchase a person makes. I decided it wasn\'t worth it so I stopped buying things with bitcoin.\n\nLet\'s work thr...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
18177.48, 19625.84, 18803.00, 19201.09, 19445.40, 18699.77, 19154.23, 19345.12, 19191.63, 18321.14
|
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Bitcoin, BTC to USD, rose by 3.35% on Saturday. Reversing a 0.24% decline from Friday, Bitcoin ended the day at $17,746.0.\nA mixed start to the day saw Bitcoin rise to an early morning high $17,220.0 before hitting reverse.\nFalling short of the first major resistance level at $17,634, Bitcoin fell to a late morning intraday low $16,925.0.\nSteering clear of the first major support level at $16,604, Bitcoin rallied to a late intraday high $17,910.0.\nBitcoin broke through the first major resistance level at $17,634 to test resistance at $18,000 before easing back.\nThe near-term bullish trend remained intact, in spite of the latest slide back to sub-$17,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $9,920 to form a near-term bearish trend.\nAcross the rest of the majors, it was a mixed day on Saturday.\nPolkadot fell by 1.68% to buck the trend on the day.\nIt was a bullish day for the rest of the majors, however.\nRipple’s XRPandCardano’s ADAsurged by 11.58% and by 16.43% respectively to lead the way.\nBitcoin Cash SV(+3.43%),Chainlink(+4.81%),Crypto.com Coin(+5.68%),Ethereum(+3.67%), andLitecoin(+5.13%), also found strong support.\nBinance Coin(+2.53%) saw a relatively modest gain on the day.\nIn the current week, the crypto total market cap rose to a Tuesday high $593.32bn before sliding to a Thursday low $467.23bn. At the time of writing, the total market cap stood at $522.72bn.\nBitcoin’s dominance rose to a Monday high 64.75% before sliding to a Tuesday low of 60.80%. At the time of writing, Bitcoin’s dominance stood at 62.80%.\nAt the time of writing, Bitcoin was down by 0.25% to $17,701.3. A mixed start to the day saw Bitcoin rise to an early morning high $17,775.0 before falling to a low $17,664.0.\nBitcoin left the major support and resistance levels untested early on.\nElsewhere, it was a bearish start to the day.\nAt the time of writing, Ripple’s XRP was down by 1.51% to lead the way down.\nBitcoin would need to avoid a fall through the pivot level at $17,527 to bring the first major resistance level at $18,129 into play.\nSupport from the broader market would be needed for Bitcoin to break through to $18,000 levels.\nBarring an extended crypto rally, the first major resistance level would likely cap any upside.\nIn the event of a crypto breakout, Bitcoin could test resistance at $18,500 before any pullback. The second major resistance level sits at $18,512.\nFailure to avoid a fall through the $17,527 pivot would bring the first major support level at $17,144 into play.\nBarring another extended crypto sell-off, Bitcoin should steer clear of sub-$17,000 levels. The second major support level sits at $16,542.\nThisarticlewas originally posted on FX Empire\n• European Equities: A Week in Review – 27/11/20\n• Crude Oil Weekly Price Forecast – Crude Oil Markets Break Resistance\n• COVID-19 Vaccine Update – Focus Shifts to Pre-orders and Distribution\n• USD/CAD Daily Forecast – Test Of Support At 1.2985\n• Gold Weekly Price Forecast – Gold Markets Have Tough Week\n• S&P 500 Price Forecast – Continue to Meander in Thin Holiday Trading', 'Bitcoin , BTC to USD, rose by 3.35% on Saturday. Reversing a 0.24% decline from Friday, Bitcoin ended the day at $17,746.0. A mixed start to the day saw Bitcoin rise to an early morning high $17,220.0 before hitting reverse. Falling short of the first major resistance level at $17,634, Bitcoin fell to a late morning intraday low $16,925.0. Steering clear of the first major support level at $16,604, Bitcoin rallied to a late intraday high $17,910.0. Bitcoin broke through the first major resistance level at $17,634 to test resistance at $18,000 before easing back. The near-term bullish trend remained intact, in spite of the latest slide back to sub-$17,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $9,920 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was a mixed day on Saturday. Polkadot fell by 1.68% to buck the trend on the day. It was a bullish day for the rest of the majors, however. Ripple’s XRP and Cardano’s ADA surged by 11.58% and by 16.43% respectively to lead the way. Bitcoin Cash SV (+3.43%), Chainlink (+4.81%), Crypto.com Coin (+5.68%), Ethereum (+3.67%), and Litecoin (+5.13%), also found strong support. Binance Coin (+2.53%) saw a relatively modest gain on the day. In the current week, the crypto total market cap rose to a Tuesday high $593.32bn before sliding to a Thursday low $467.23bn. At the time of writing, the total market cap stood at $522.72bn. Bitcoin’s dominance rose to a Monday high 64.75% before sliding to a Tuesday low of 60.80%. At the time of writing, Bitcoin’s dominance stood at 62.80%. This Morning At the time of writing, Bitcoin was down by 0.25% to $17,701.3. A mixed start to the day saw Bitcoin rise to an early morning high $17,775.0 before falling to a low $17,664.0. Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was a bearish start to the day. At the time of writing, Ripple’s XRP was down by 1.51% to lead the way down. Story continues For the Bitcoin Day Ahead Bitcoin would need to avoid a fall through the pivot level at $17,527 to bring the first major resistance level at $18,129 into play. Support from the broader market would be needed for Bitcoin to break through to $18,000 levels. Barring an extended crypto rally, the first major resistance level would likely cap any upside. In the event of a crypto breakout, Bitcoin could test resistance at $18,500 before any pullback. The second major resistance level sits at $18,512. Failure to avoid a fall through the $17,527 pivot would bring the first major support level at $17,144 into play. Barring another extended crypto sell-off, Bitcoin should steer clear of sub-$17,000 levels. The second major support level sits at $16,542. This article was originally posted on FX Empire More From FXEMPIRE: European Equities: A Week in Review – 27/11/20 Crude Oil Weekly Price Forecast – Crude Oil Markets Break Resistance COVID-19 Vaccine Update – Focus Shifts to Pre-orders and Distribution USD/CAD Daily Forecast – Test Of Support At 1.2985 Gold Weekly Price Forecast – Gold Markets Have Tough Week S&P 500 Price Forecast – Continue to Meander in Thin Holiday Trading', 'Guggenheim Funds Trust filed an amendment with the U.S. Securities and Exchange Commission to allow its $5 billion Macro Opportunities Fund gain exposure to bitcoin by investing up to 10% of the fund\x92s net asset value in the Grayscale Bitcoin Trust (GBTC). According to the amendment: \x93The Guggenheim Macro Opportunities Fund may seek investment exposure to bitcoin indirectly through investing up to 10% of its net asset value in Grayscale Bitcoin Trust (\x93GBTC\x94), a privately offered investment vehicle that invests in bitcoin. To the extent the Fund invests in GBTC, it will do so through the Subsidiary.\x94 Given the fund has net assets of $4.97 billion, according to Fidelity, it means mean the fund can invest up to $497 million in GBTC. Grayscale\x92s bitcoin trust, a publicly traded financial product that functions similar to an exchange-traded fund (ETF), tracks the price of bitcoin. Guggenheim notes, GBTC trades at a \x93significant premium.\x94 The Macro Opportunities Fund is part of Guggenheim Investments, the global asset management and investment advisory division of Guggenheim Partners, and has more than $233 billion in total assets across fixed income, equity and alternative strategies. Guggenheim is the latest multibillion dollar hedge fund to signal an interest in bitcoin. This summer, industry pioneer Paul Tudor Jones\x92s $22 billion BVI Global Fund could invest \x93 a low-single-digit percentage \x94 of its assets in bitcoin futures. Earlier this month, hedge fund manager Stanley Druckenmiller said bitcoin could outperform gold . Grayscale is a sister company to CoinDesk. UPDATED 11/29/2020 18:16 UTC: Adds information about other funds. Related Stories Guggenheim Fund Files to Be Able to Invest Up to Almost $500M in Bitcoin Through GBTC Guggenheim Fund Files to Be Able to Invest Up to Almost $500M in Bitcoin Through GBTC Guggenheim Fund Files to Be Able to Invest Up to Almost $500M in Bitcoin Through GBTC Guggenheim Fund Files to Be Able to Invest Up to Almost $500M in Bitcoin Through GBTC View comments', 'Guggenheim Funds Trust filed an amendment with the U.S. Securities and Exchange Commission to allow its $5 billion Macro Opportunities Fund gain exposure to bitcoin by investing up to 10% of the fund’s net asset value in the Grayscale Bitcoin Trust (GBTC).\n• According to the amendment: “The Guggenheim Macro Opportunities Fund may seek investment exposure tobitcoinindirectly through investing up to 10% of its net asset value in Grayscale Bitcoin Trust (“GBTC”), a privately offered investment vehicle that invests in bitcoin. To the extent the Fund invests in GBTC, it will do so through the Subsidiary.”\n• Given the fund has net assets of $4.97 billion, according to Fidelity, it means mean the fund can invest up to $497 million in GBTC. Grayscale’s bitcoin trust, a publicly traded financial product that functions similar to an exchange-traded fund (ETF), tracks the price of bitcoin. Guggenheim notes, GBTC trades at a “significant premium.”\n• The Macro Opportunities Fund is part of Guggenheim Investments, the global asset management and investment advisory division of Guggenheim Partners, and has more than $233 billion in total assets across fixed income, equity and alternative strategies.\n• Guggenheim is the latest multibillion dollar hedge fund to signal an interest in bitcoin. This summer, industry pioneer Paul Tudor Jones’s $22 billion BVI Global Fund could invest “a low-single-digit percentage” of its assets in bitcoin futures. Earlier this month, hedge fund manager Stanley Druckenmiller saidbitcoin could outperform gold.\n• Grayscale is a sister company to CoinDesk.
**Last 60 Days of Bitcoin's Closing Prices:**
[10784.49, 10619.45, 10575.97, 10549.33, 10669.58, 10793.34, 10604.41, 10668.97, 10915.69, 11064.46, 11296.36, 11384.18, 11555.36, 11425.90, 11429.51, 11495.35, 11322.12, 11358.10, 11483.36, 11742.04, 11916.33, 12823.69, 12965.89, 12931.54, 13108.06, 13031.17, 13075.25, 13654.22, 13271.29, 13437.88, 13546.52, 13781.00, 13737.11, 13550.49, 13950.30, 14133.71, 15579.85, 15565.88, 14833.75, 15479.57, 15332.32, 15290.90, 15701.34, 16276.34, 16317.81, 16068.14, 15955.59, 16716.11, 17645.41, 17804.01, 17817.09, 18621.31, 18642.23, 18370.00, 18364.12, 19107.46, 18732.12, 17150.62, 17108.40, 17717.41]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2020-11-29
**Financial & Commodity Data:**
- Gold Closing Price: $1781.90
- Crude Oil Closing Price: $45.53
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $328,596,749,438
- Hash Rate: 135399801.26976258
- Transaction Count: 263573.0
- Unique Addresses: 589008.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.89
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: It’s October, and if you’re at all like me you’re listening to ghost story podcasts, watching scary movies and jumping whenever things go bump in the night. When I tell people that I work in cryptocurrency, people often ask me questions straight out of a horror movie. Isn’t bitcoin creepy? I understand their confusion: Hollywood often acts like everything crypto-related is dark web deals and criminal conduct. In fact, it’s held and traded by millions of law-abiding people around the world and, in the United States, is recognized by the Internal Revenue Service . Catherine Coley is CEO of Binance.US . Related: Why Satoshi Chose Halloween to Release the Bitcoin White Paper Even the nation’s largest bank, JPMorgan Chase , wants to create a digital currency. Electronic or digital currencies hold great potential as non-inflationary global means of trade. Whether you’re an athlete or an artist, a barber or a banker, a teenager or a retiree, cryptocurrency can work for you. Cryptocurrency is exciting, popular and useful but its increased acceptance doesn’t mean that all its shadows have disappeared. Because it’s October, I want to talk about the scariest thing in the crypto world: being tricked by scams. The great 2020 Twitter hack In July, hackers made off with roughly $120,000 in cryptocurrency after hacking major verified Twitter accounts. Accounts belonging to Barack Obama, Bill Gates and others published tweets asking users to send bitcoin to particular wallet addresses. The hacked accounts promised that any shared currency would be doubled and returned. They lied. Given the size, scale and sophistication of the June Twitter hack, it’s a relief to learn that the hackers’ payoff was relatively limited: Millions of people saw the fraudulent tweets, but only 400 deposited funds with the criminals. Any single theft is one theft too many, but the comparatively low number of victims means the crypto community has learned important lessons. And the thieves themselves were schooled in Bitcoin’s technology: The immutable blockchain ledger, which records all transactions in perpetuity, led directly to their arrest. Story continues Related: Money Reimagined: Who Are the Real Monsters? See also: Twitter Hack 2020 – Full Coverage “ Educate, don’t intimidate ” is my motto for business and for life. As my first job was navigating Wall Street’s foreign exchange trading desks, I know how intimidating finance and its terminology can be. The same goes for crypto. From the outside, words like “staking,” “hashing” and “mining” can seem very complicated. But with a little education you, too, can understand it. The last thing I want is to intimidate you and make you believe that there’s a scammer behind every email. But I do want you to recognize the possible signs of criminal activity and protect yourself. Everyone dealing with cryptocurrency should understand the most common grifts and schemes . A closer look at July’s Twitter hack is useful here. The 400 victims who sent funds to hackers imitating Elon Musk or Warren Buffett didn’t know that “giveaways” promising something for nothing are a cybercriminal standby. The July hack was more than “just” a giveaway exploit. If the criminals hadn’t compromised celebrity and politician accounts, their plan wouldn’t have worked. In July, Twitter admitted some of its employees had fallen victim to “spear phishing” attacks – they were convinced, by phone calls and seemingly official emails, to enter sensitive personal data into criminal-controlled websites. You shouldn’t believe everything you see on social media, and you must verify before trusting every email that pops into your inbox or every caller who has your mobile phone number. Take a quick gut check, look at the sender address or Twitter handle. Does it seem too good to be true? Learn from others’ mistakes, but don’t forget that the crooks are vastly outnumbered by honest users. Staying vigilant The digital asset community grows savvier by the day. And much of that comes from learning from mistakes. But, I hope, by reading this you can avoid them. An educated audience makes it harder for scammers to operate, and their return on scamming is shrinking. So, in 2020, are crypto scams on their way out? I wish they were. Just like monsters defeated in one movie only to be revived in sequels, scammers never stay down for long. Earlier this month, I took to Twitter to warn my followers about a fraudulent newsletter making the rounds. We’re still haunted by a few bad actors. Fake cryptocurrency exchange and wallet apps occasionally still show up on mobile app stores. New members of the crypto community sometimes fail to do their own research . And a few networks with bad intentions spend all day on Telegram and Discord lurking for vulnerable targets. With more awareness around crypto and your safety, scams may grow scarcer by the day, but they’re still out there. You may shiver to think of cybercriminals at large and in pursuit of your assets but the more you know the less worried you’re likely to be if you’ve taken the right steps to protect yourself. The perpetrators of the July 2020 Twitter hack were arrested and charged within two weeks. When investigators and law enforcement ripped their masks away, the masterminds were revealed to be teenagers from Florida and Massachusetts. This October, as the jack-o’-lanterns are lit, you may want to indulge in a good shudder over some terrifying scam story or another. It’s true that scams are a problem, but don’t fall for panicked urban legends. You have all the knowledge you need to operate. Smart planning, critical thinking and commonsense precautions can keep you safe from the tricksters and enjoying the treats of digital assets. Related Stories Crypto Is Less Scary Than Halloween Crypto Is Less Scary Than Halloween...
- Reddit Posts (Sample): [['u/max_peterson_17', 'What will happen to bitcoin once people start to barely get rewarded for mining??', 27, '2020-11-29 00:14', 'https://www.reddit.com/r/Bitcoin/comments/k2xxsv/what_will_happen_to_bitcoin_once_people_start_to/', 'The blockchain is supported by miners, but every day we continually reach a point where mining becomes less rewarding. Although there will obviously be people still mining, how are we supposed to have everyone using a decentralized system that has little incentive to mine quickly?\n\nI’d love to be bullish on bitcoin, but this thought just came into my head the other day. Does anyone know of the solution to how to maintain a steady blockchain without bitcoin transactions becoming more centralized? Or changing the protocol to add more BTC?\n\nThank you for any response!', 'https://www.reddit.com/r/Bitcoin/comments/k2xxsv/what_will_happen_to_bitcoin_once_people_start_to/', 'k2xxsv', [['u/Manticlops', 33, '2020-11-29 00:17', 'https://www.reddit.com/r/Bitcoin/comments/k2xxsv/what_will_happen_to_bitcoin_once_people_start_to/gdxxfza/', 'The plan is for transaction fees to take over from the block subsidy, this is on-track to happen within the next few halvings.', 'k2xxsv'], ['u/Manticlops', 12, '2020-11-29 01:02', 'https://www.reddit.com/r/Bitcoin/comments/k2xxsv/what_will_happen_to_bitcoin_once_people_start_to/gdy5bn0/', "Bitcoin's incentives are structured such that, all else being equal, miners' profits tend to zero (better ones make money, less efficient ones fall by the wayside). The process is more about finding a way to do something useful with energy that would otherwise remain stranded.\n\nIt's not really possible to forecast how much fees will be, but it should be less than the cost of fiat. The answer requires knowledge of bitcoin's (and technology in general's) future development, as well as the level of demand. But it's fair to say that the more popular Bitcoin becomes, the more expensive on-chain fees will get.", 'k2xxsv'], ['u/daijorobu', 12, '2020-11-29 03:16', 'https://www.reddit.com/r/Bitcoin/comments/k2xxsv/what_will_happen_to_bitcoin_once_people_start_to/gdyqjin/', "Here is Satoshi's response to a similar question on the btc forums back in 2010 ([link](https://bitcointalk.org/index.php?topic=48.msg329#msg329)):\n\n*In a few decades when the reward gets too small, the transaction fee will become the main compensation for \\[mining\\] nodes. I’m sure that in 20 years there will either be very large transaction volume or no volume.*\n\n*–* *Satoshi Nakamoto*", 'k2xxsv']]], ['u/Young_Man1', 'Let’s say I bought bitcoins from an exchange (let’s go with coinbase) and then I exchanged those bitcoins for monero, but the person who received the bitcoins uses it to buy drugs. Are the bitcoins still tied to me?', 16, '2020-11-29 00:26', 'https://www.reddit.com/r/darknet/comments/k2y504/lets_say_i_bought_bitcoins_from_an_exchange_lets/', 'Speaking metaphorically. I’m not gonna do this. I always buy on Localbitcoin or localmonero. Just a fun question.', 'https://www.reddit.com/r/darknet/comments/k2y504/lets_say_i_bought_bitcoins_from_an_exchange_lets/', 'k2y504', [['u/DigitalTorture', 11, '2020-11-29 00:49', 'https://www.reddit.com/r/darknet/comments/k2y504/lets_say_i_bought_bitcoins_from_an_exchange_lets/gdy2xbw/', 'Probably', 'k2y504'], ['u/[deleted]', 14, '2020-11-29 04:36', 'https://www.reddit.com/r/darknet/comments/k2y504/lets_say_i_bought_bitcoins_from_an_exchange_lets/gdz0rd3/', 'Why do you think DNMs are moving to XMR?\n\nSame reason everyone with any sense is.', 'k2y504']]], ['u/ImperiumAeternum_', 'Thoughts on inflation and tail emission', 22, '2020-11-29 00:45', 'https://www.reddit.com/r/Monero/comments/k2yh1r/thoughts_on_inflation_and_tail_emission/', "People often see tail emission as inflation, but that's half-truth, if you think about it. Bitcoin launched in 2009, and after 10 years we have from 3 to 5 millions lost bitcoins - from \\~12 to \\~25% of total amount. Monero's tail emission will be around 1.5% of total amount yearly. Therefore it probably won't be actually inflation as increase of money supply, but compensation of lost money. Number of money in circulation will be pretty much the same.", 'https://www.reddit.com/r/Monero/comments/k2yh1r/thoughts_on_inflation_and_tail_emission/', 'k2yh1r', [['u/dEBRUYNE_1', 19, '2020-11-29 00:52', 'https://www.reddit.com/r/Monero/comments/k2yh1r/thoughts_on_inflation_and_tail_emission/gdy3gvw/', 'I personally like u/rbrunner7\'s gold analogy:\n\n>When it comes to questions of supply and price, I quite like the comparison between gold and Monero.\n\n>Of course the gold on Earth is not strictly unlimited, but we won\'t run out of gold to mine soon. Gold has something that you could compare with Monero\'s tail emission: Every year some gold is added to all the gold that is already mined.\n\n>Does this fact depress the gold price? Does it scare gold holders that every year new gold enters the markets and "dilutes" their holdings a bit? Don\'t think so.\n\n>If you look at the price of gold over the years, it\'s up and down. Sometimes many people sell their gold for other things, and the price becomes depressed. In other times people start to chase gold and drive the price up. This goes on for decades already, up and down.\n\n>I would expect something similar for Monero.', 'k2yh1r'], ['u/alive_consequence', 13, '2020-11-29 03:29', 'https://www.reddit.com/r/Monero/comments/k2yh1r/thoughts_on_inflation_and_tail_emission/gdyskdr/', "Monero's inflation won't be 1.5% per year. The reward will continue diminishing each block until we hit a permanent 0.6 XMR reward per block, so Monero is actually d̶e̶f̶l̶a̶t̶i̶o̶n̶a̶r̶y̶ disinflationary, since the total supply grows but the reward remains .6 XMR, so the reward is a smaller % of the total supply.\n\nJust like a permanent reward of 1 will be 1% when the total supply is 100, 0.9% when total supply is 110 and so on.\n\n1/100 = 1%\n\n1/110 = 0.9%\n\n1/200 = 0.5%\n\n1/∞ = 0%", 'k2yh1r'], ['u/[deleted]', 10, '2020-11-29 04:24', 'https://www.reddit.com/r/Monero/comments/k2yh1r/thoughts_on_inflation_and_tail_emission/gdyz9wo/', 'He’s pretty darn good with words generally IMO\n\nhttps://rbrunner7.github.io', 'k2yh1r'], ['u/sech1', 10, '2020-11-29 09:46', 'https://www.reddit.com/r/Monero/comments/k2yh1r/thoughts_on_inflation_and_tail_emission/ge02bbs/', 'The correct term is "disinflationary": [https://en.wikipedia.org/wiki/Disinflation](https://en.wikipedia.org/wiki/Disinflation)', 'k2yh1r']]], ['u/TheDumbTwin', 'My twin brother invested in Bitcoin, while I invested in Silver. His net worth is now more than 100x mine.', 47, '2020-11-29 01:50', 'https://www.reddit.com/r/Silverbugs/comments/k2zlay/my_twin_brother_invested_in_bitcoin_while_i/', 'Posting on a throwaway account, for obvious reasons.\n\nIn 2013, my uncle passed away from pancreatic cancer. In his will, he left my twin brother and I $100,000 each. \n\nMy brother and I were talking about our different investments at the time, and how we were going to invest our new money. For the last decade or so, I’ve been a silver bug, and I argued that silver was, IMO, the best alternative investment to stocks and bonds. He had just learned about Bitcoin and was adamant that the return could be exponential. I had vehemently argued against Bitcoin, saying that it was pure speculation and would be a total waste of money. \n\nWell, he ended up investing about 50k into Bitcoin around then (when Bitcoin was ~$100 each), for over 500 coins. I, on the other, invested most of it into stocks, and about 30k into silver. \n\nMy brother has never sold any of his Bitcoins. He’s never even traded them for other crypto currencies. His job pays him very well very, so he’s never really had liquidity issues. He has still 500+ coins. \n\nMy 30k investment into silver in 2013 is now worth about 26k, and my entire net worth is below 100k. My brother’s 50k Bitcoin investment, however (which was made within months of the same time as my silver investment), is now worth over $10 million. His wealth in Bitcoin alone is more than 100 times greater than my entire net worth.\n\nHe’s going to retire soon. He will be selling his house, and live and an investor. He plans to travel a lot with the wife and kids, and it seems like his life is set. \n\nNow, he did give me one Bitcoin. And I will not sell it. As happy as I am for him, though, it really hurts to hear about his fortune and bright future, and not be jealous. I’ve stopped attending family events (him too), because I can’t get over the overwhelming thought of “hey, you should’ve done what your brother did”, at every waking moment. It’s extremely depressing. I try to be thankful for what I do have, and I try to be thankful since I know that many other people in the world have it way worse. But I don’t know if I’ll ever get over it. Whenever I’m working, I try to distract myself from the thought that “if you made the same investment, you wouldn’t have to work anymore,” but the thought always keeps coming back. \n\nAny advice?', 'https://www.reddit.com/r/Silverbugs/comments/k2zlay/my_twin_brother_invested_in_bitcoin_while_i/', 'k2zlay', [['u/spatialsilver88', 10, '2020-11-29 03:37', 'https://www.reddit.com/r/Silverbugs/comments/k2zlay/my_twin_brother_invested_in_bitcoin_while_i/gdyto88/', "My advice is to never put all of your eggs in one basket. You didn't have to choose between silver and crypto. You could have done both. Diversify. I have silver, gold, crypto, real estate and stocks all in my financial portfolio. It sucks you missed out on being set for life, but you live and you learn. No sense in dwelling on it. Learn from it and move on. Best of luck to you friend.", 'k2zlay'], ['u/tonysilverado', 35, '2020-11-29 03:53', 'https://www.reddit.com/r/Silverbugs/comments/k2zlay/my_twin_brother_invested_in_bitcoin_while_i/gdyvhjb/', 'Your brother did a very stupid thing, but he got ...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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19625.84, 18803.00, 19201.09, 19445.40, 18699.77, 19154.23, 19345.12, 19191.63, 18321.14, 18553.92
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Bitcoin, BTC to USD, rose by 2.54% on Sunday. Following on from a 3.35% gain on Saturday, Bitcoin ended the week down by 1.05% to $18,196.\nA mixed start to the day saw Bitcoin fall to an early morning low $17,556.0 before making a move.\nSteering clear of the first major support level at $17,144, Bitcoin rallied to a late intraday high $18.344.0.\nBitcoin broke through the first major resistance level at $18,129. A late pullback, however, saw Bitcoin fall back through the first major resistance level before wrapping up the day at $18,190 levels.\nThe near-term bullish trend remained intact, in spite of the latest slide back to sub-$17,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $9,920 to form a near-term bearish trend.\nAcross the rest of the majors, it was a mixed day on Sunday.\nRipple’s XRPfell by 3.36% to buck the trend on the day.\nIt was a bullish day for the rest of the majors, however.\nLitecoinrallied by 8.58% to lead the way.\nBinance Coin(+3.14%),Ethereum(+7.21%), and Polkadot (+3.53%) also found strong support.\nBitcoin Cash SV(+0.30%),Cardano’s ADA(+0.89%),Chainlink(+2.22%), andCrypto.com Coin(+1.54%) saw relatively modest gains on the day.\nIt was also a mixed bag for the week.\nBitcoin Cash SV (-5.83%), Chainlink (-7.77%), Crypto.com Coin (-6.11%), Litecoin (-4.76%), and Polkadot (-4.63%) joined Bitcoin in the red.\nIt was a bullish week for the rest of the majors, however.\nRipple’s XRP surged by 35.79% to lead the way, with Cardano’s ADA rallying by 14.13%.\nBinance Coin (+0.18%), Ethereum (+2.85%) trailed the front runners, however.\nAt the start of the week, the crypto total market cap rose from a Monday low $538.06bn to a Monday high $547.50bn. At the time of writing, the total market cap stood at $547.21bn.\nBitcoin’s dominance fell from a Monday high 62.80% to a low of 62.41%. At the time of writing, Bitcoin’s dominance stood at 62.64%.\nAt the time of writing, Bitcoin was up by 1.39% to $18,449.0. A bullish start to the day saw Bitcoin rise from an early morning low $18,196.0 to a high $18,481.0\nBitcoin left the major support and resistance levels untested early on.\nElsewhere, it was a mixed start to the day. Polkadot was down by 1.09% to buck the trend early on.\nIt was a bullish start for the rest of the majors, however.\nAt the time of writing, Ripple’s XRP was up by 4.37% to lead the way.\nBitcoin would need to avoid a fall through the pivot level at $18,032 to bring the first major resistance level at $18,508 into play.\nSupport from the broader market would be needed for Bitcoin to break through to $18,500 levels.\nBarring an extended crypto rally, the first major resistance level would likely cap any upside.\nIn the event of a crypto breakout, Bitcoin could test resistance at $19,000 before any pullback. The second major resistance level sits at $18,820.\nFailure to avoid a fall through the $18,032 pivot would bring the first major support level at $17,720 into play.\nBarring another extended crypto sell-off, Bitcoin should steer clear of sub-$17,500 levels. The second major support level sits at $17,244.\nThisarticlewas originally posted on FX Empire\n• US Dollar Index (DX) Futures Technical Analysis Forecast – Next Major Downside Target 90.810\n• Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – November 30th, 2020\n• The Week Ahead – Economic Data, COVID-19 Vaccine Updates, and Brexit in Focus\n• The Weekly Wrap – COVID-19 Vaccine News Supported Riskier Assets in the Week\n• Three Chip Stocks Hitting New Highs\n• EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – November 30th, 2020', 'Bitcoin , BTC to USD, rose by 2.54% on Sunday. Following on from a 3.35% gain on Saturday, Bitcoin ended the week down by 1.05% to $18,196. A mixed start to the day saw Bitcoin fall to an early morning low $17,556.0 before making a move. Steering clear of the first major support level at $17,144, Bitcoin rallied to a late intraday high $18.344.0. Bitcoin broke through the first major resistance level at $18,129. A late pullback, however, saw Bitcoin fall back through the first major resistance level before wrapping up the day at $18,190 levels. The near-term bullish trend remained intact, in spite of the latest slide back to sub-$17,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $9,920 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was a mixed day on Sunday. Ripple’s XRP fell by 3.36% to buck the trend on the day. It was a bullish day for the rest of the majors, however. Litecoin rallied by 8.58% to lead the way. Binance Coin (+3.14%), Ethereum (+7.21%), and Polkadot (+3.53%) also found strong support. Bitcoin Cash SV (+0.30%), Cardano’s ADA (+0.89%), Chainlink (+2.22%), and Crypto.com Coin (+1.54%) saw relatively modest gains on the day. It was also a mixed bag for the week. Bitcoin Cash SV (-5.83%), Chainlink (-7.77%), Crypto.com Coin (-6.11%), Litecoin (-4.76%), and Polkadot (-4.63%) joined Bitcoin in the red. It was a bullish week for the rest of the majors, however. Ripple’s XRP surged by 35.79% to lead the way, with Cardano’s ADA rallying by 14.13%. Binance Coin (+0.18%), Ethereum (+2.85%) trailed the front runners, however. At the start of the week, the crypto total market cap rose from a Monday low $538.06bn to a Monday high $547.50bn. At the time of writing, the total market cap stood at $547.21bn. Bitcoin’s dominance fell from a Monday high 62.80% to a low of 62.41%. At the time of writing, Bitcoin’s dominance stood at 62.64%. Story continues This Morning At the time of writing, Bitcoin was up by 1.39% to $18,449.0. A bullish start to the day saw Bitcoin rise from an early morning low $18,196.0 to a high $18,481.0 Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was a mixed start to the day. Polkadot was down by 1.09% to buck the trend early on. It was a bullish start for the rest of the majors, however. At the time of writing, Ripple’s XRP was up by 4.37% to lead the way. For the Bitcoin Day Ahead Bitcoin would need to avoid a fall through the pivot level at $18,032 to bring the first major resistance level at $18,508 into play. Support from the broader market would be needed for Bitcoin to break through to $18,500 levels. Barring an extended crypto rally, the first major resistance level would likely cap any upside. In the event of a crypto breakout, Bitcoin could test resistance at $19,000 before any pullback. The second major resistance level sits at $18,820. Failure to avoid a fall through the $18,032 pivot would bring the first major support level at $17,720 into play. Barring another extended crypto sell-off, Bitcoin should steer clear of sub-$17,500 levels. The second major support level sits at $17,244. This article was originally posted on FX Empire More From FXEMPIRE: US Dollar Index (DX) Futures Technical Analysis Forecast – Next Major Downside Target 90.810 Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – November 30th, 2020 The Week Ahead – Economic Data, COVID-19 Vaccine Updates, and Brexit in Focus The Weekly Wrap – COVID-19 Vaccine News Supported Riskier Assets in the Week Three Chip Stocks Hitting New Highs EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – November 30th, 2020', "NEW YORK, NY / ACCESSWIRE / November 29, 2020 / Digital Reserve Currency (DRC) was designed to become a decentralized digital store of value with a limited supply and a zero inflation rate. It was created during the COVID-19 crisis when fiscal and monetary policies have exposed serious vulnerabilities in the current financial system. The concept of the Digital Reserve Currency was developed by Maxim Nurov , CEO of Digital Finance, Washington, DC, a financial company that specializes in the digital assets market. DRC has a few unique characteristics that differentiate it from other digital assets. First, DRC has a purely deflationary economic model. 100% of the total DRC supply was issued to the secondary market and no more DRC tokens will ever be created. Second, DRC has a fair distribution model. All the DRC supply of 1 Billion indivisible tokens was issued directly to the market. DRC founders/developers never received any funds from investors in any form and never retained any tokens before the whole token supply became available on the market. Third, DRC had a community-driven ecosystem from the day one. No one has control over DRC as DRC has fully decentralized structure. The DRC Foundation has been created by the DRC community to define the strategy and the road map of the DRC ecosystem development. Finally, DRC token is fully developed and operational. Its smart contract has been audited by a trusted blockchain development firm and does not contain any security issues. Built using Solidity, DRC's code cannot be altered since being deployed on the blockchain. DRC has a robust value proposition as a potential digital store of value. As global markets experience inflation, DRC provides economic scarcity and a zero-inflation rate. In accordance with the DRC road map, DRC holders should be able to link the value of their tokens to a basket of the most efficient store of value assets such as gold, Bitcoin, and the US dollar, as soon as in Q1 2021. Story continues DRC was designed to provide a steady increase in its intrinsic value and act as a useful hedge against inflation. It fits the needs of people looking to preserve their wealth, especially in developing countries, while still having the flexibility of immediate, cross-border, and censorship-resistant transfers. Media contact Company: DRC Foundation Contact: Maxim Nurov Phone: +1 202 618 0260 Email: [email protected] Website: https://drc.foundation/ SOURCE: DRC Foundation View source version on accesswire.com: https://www.accesswire.com/618727/Digital-Reserve-Currency-DRC-is-Set-to-Become-a-Global-Decentralized-Store-of-Value", "NEW YORK, NY / ACCESSWIRE /
**Last 60 Days of Bitcoin's Closing Prices:**
[10619.45, 10575.97, 10549.33, 10669.58, 10793.34, 10604.41, 10668.97, 10915.69, 11064.46, 11296.36, 11384.18, 11555.36, 11425.90, 11429.51, 11495.35, 11322.12, 11358.10, 11483.36, 11742.04, 11916.33, 12823.69, 12965.89, 12931.54, 13108.06, 13031.17, 13075.25, 13654.22, 13271.29, 13437.88, 13546.52, 13781.00, 13737.11, 13550.49, 13950.30, 14133.71, 15579.85, 15565.88, 14833.75, 15479.57, 15332.32, 15290.90, 15701.34, 16276.34, 16317.81, 16068.14, 15955.59, 16716.11, 17645.41, 17804.01, 17817.09, 18621.31, 18642.23, 18370.00, 18364.12, 19107.46, 18732.12, 17150.62, 17108.40, 17717.41, 18177.48]
Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2020-11-30
**Financial & Commodity Data:**
- Gold Closing Price: $1775.70
- Crude Oil Closing Price: $45.34
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $328,596,749,438
- Hash Rate: 107610727.917311
- Transaction Count: 256551.0
- Unique Addresses: 623554.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.88
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Bitcoin steadied around $18,000 after record volumes on Wednesday while Ethereum 2.0 may be causing some investors to move ether out of decentralized finance (DeFi).
• Bitcoin(BTC) trading around $18,026 as of 21:00 UTC (4 p.m. ET). Gaining 2.1% over the previous 24 hours.
• Bitcoin’s 24-hour range: $17,364-$18,170
• BTC above its 10-day and 50-day moving averages, a bullish signal for market technicians.
Bitcoin’s price rise stalled somewhat Thursday, with the world’s oldest cryptocurrency hitting as high as $18,170 before dipping below the $18,000 level, but back to $18,026 as of press time.
Volume contributed to the weakening price action. At $1.79 billion, Wednesday was the highest volume day for major USD/BTC spot exchanges since way back on March 13, when volumes hit $1.98 billion the day after the “Black Thursday” crash. Today, daily volume on these exchanges were at a comparably tepid $867 million.
Related:10 Metrics Where Bitcoin Has Already Hit New All-Time Highs
A volume pullback from the second-largest day on the USD/BTC spot market in 2020 isn’t deterring analysts on their bullish prognostications.
“The current upward move seems more sustainable than the 2017 bull run as institutional investors are now positioning in bitcoin whereas it was only retail speculation back in 2017,” said Elie Le Rest, partner at quant firm ExoAlpha. “Bitcoin confirms by its recent price move that it has a place in a diversified portfolio.”
Read More:Deutsche Bank Says Investors Increasingly Prefer Bitcoin Over Gold
“The market’s infrastructure, regulatory regime and overall maturity is much more robust than previously,” said John Willock, CEO of crypto asset manager Tritium. “I fully expect a couple of pullbacks from these nominal mile markers such as $18,000, $19,000 and $20,000, but I do expect we should see the overall momentum continue through the rest of the year.”
Related:MicroStrategy Wants to Be in the Bitcoin Business, Not Just an Investor
Since Oct. 20, bitcoin’s 30-day volatility has been steadily rising, indicating that some price gyrations may still be on the horizon.
“No assets go parabolic forever,” noted Michael Gord, chief executive officer for trading firm Global Digital Assets. “Bitcoin has gone up over 50% in the past month and is due for a correction.”
“Long term I’m still very bullish and still seeing increasing interest from more traditional investors in bitcoin and other digital assets,” Gord added.
Read More:OKEx Exchange Says Crypto Withdrawals to Restart by Next Friday
Investors are certainly looking at the derivatives market, with bitcoin futures (over $6 billion) and options (over $4 billion) open interest hitting new highs. CME, a professional investor venue, has flirted with $1 billion in bitcoin open interest this week, a sign institutions are increasingly hedging crypto positions.
Even permabulls like Henrik Kugelberg, a Sweden-based over-the-counter crypto trader, are prepared for some bumps in the road should bitcoin work its way to an all-time high.
“I expect a much larger drop pretty soon,” Kugelberg told CoinDesk. “But in all I can see BTC going to $23,000-$24,000 in the next month or two.”
The second-largest cryptocurrency by market capitalization,ether(ETH), was up Thursday, trading around $475 and climbing 0.55% in 24 hours as of 21:00 UTC (4:00 p.m. ET).
The amount of ether “locked” in decentralized finance, or DeFi, is declining. The fall began Nov. 14, going from 8.9 million to 7.7 million ETH as of press time, according to aggregator DeFi Pulse.
Jean-Marc Bonnefous, managing partner for investment firm Tellurian Capital, suspects some of the ether movement out of DeFi might have to do with Ethereum’s ambitious “2.0” project. This requires some capital allocation to a smart contract set aside for staking somethingknown as the “beacon chain” to launch the new network.
“There is the need to find another 400,000 ETH to fill the first phase of staking into ETH 2.0 by the end of November,” said Bonnefous. “So this might explain some of the leakage out of DeFi.”
Digital assets on theCoinDesk 20are mixed Thursday, mostly green. Notable winners as of 21:00 UTC (4:00 p.m. ET):
• litecoin(LTC) + 13.6%
• chainlink(LINK) + 5.3%
• xrp(XRP) + 4.6%
Notable losers:
• orchid(OXT) – 6.8%
• ethereum classic(ETC) – 1%
• omg network(OMG) – 0.79%
Read More:Solidus Believes Its Crypto Surveillance Tool Can Help Launch a Bitcoin ETF
Equities:
• The Nikkei 225 closed in the red 0.36% asinvestors grappled with the possibility of a coronavirus vaccine versus a rising number of daily cases.
• The FTSE 100 in Europe ended the day slipping 0.80% asEuropean Central Bank (ECB) President Christine Lagarde cautioned fresh stimulus would be needed.
• In the United States the S&P gained 0.50% asinvestors hit the buy button on tech stocks that may fare well amid economic concerns regarding rising coronavirus cases.
Commodities:
• Oil was up 0.71%. Price per barrel of West Texas Intermediate crude: $41.88.
• Gold was in the red 0.30% and at $1,866 as of press time.
Treasurys:
• The 10-year U.S. Treasury bond yield fell Tuesday, dipping to 0.855 and in the red 2.7%.
• Market Wrap: Bitcoin Hangs Around $18K While Ether Locked in DeFi Declines
• Market Wrap: Bitcoin Hangs Around $18K While Ether Locked in DeFi Declines...
- Reddit Posts (Sample): [['u/Squadrist1', 'Anarcho-capitalism already exists in real life, and proves how dystopian it is', 35, '2020-11-30 00:01', 'https://www.reddit.com/r/CapitalismVSocialism/comments/k3jgam/anarchocapitalism_already_exists_in_real_life_and/', 'Anarcho-capitalism is the most idealistic version of capitalism right-libertarians can think of: A society where all trade happens voluntarily, private property is untouched and secure, and people aren\'t forced to pay (taxes) to anyone. At least, that is what ancaps envision it to be and what they strive for, which they intend to do so by getting rid of the government and keep the peace through the NAP. However, without them knowing it, anarcho-capitalism is already being practiced, everywhere around the world. In what way, you might ask. Well, through crime, mainly illegal trade and the underground economy as a whole.\n\nIn my analysis, I define anarcho-capitalism as the following: an economy where the means of production are privately owned and controlled and resources are allocated through a market mechanism, but in absence of a central government who enforces the private property rights: People have to enforce it themselves or hire an agency themselves who would do it for them (like a PMC). This is the core functioning of anarcho-capitalism without all the whistles and bells to make it look appealing.\n\nNow, how is the underground/illegal market an example of anarcho-capitalism? Simple: because possession of illegal commodities is illegal, ownership of it wont be protected by the government. If someone steals your coke, you cant call the cops on them and have them arrested. Despite that, you can trade for illegal goods with common currency (often even currency that cant inflate like fiat, like bitcoin or other cryptocurrencies, which conveniently resemble how gold would be used ideally as a currency in ancapistan), and, more importantly, you can even run a business producing illegal commodities like drugs, guns, etc, or supply services like hitman-for-hire. These businesses, especially drug cartels, often have their own little state (which is a collection of armed guards and armed personel) with which they force the people who deliver the drugs to return the profit to their boss: if the deliverer keeps all the money he gets from the client, his boss doesnt make a profit on his production, so he would send his armed personel to punish the deliverer and return the profit to the business owner. In essence, the drug cartel enforces its private property rights by itself. \n\nI think I made it obvious enough how the black market is anarcho-capitalism in practice, and shows how dystopian the concept really is (unless you think working for a drugs cartel is a chill life where you certainly arent constantly in danger of getting your head blown off by your own boss if you disobey him, let alone the clear violence you are forced to commit for your wage), but I can hear ancaps coming: "You forgot about the NAP. With the NAP, nobody would harm other people", *assuming the NAP is a natural phenomenon*. The criminal underworld demonstrates how the NAP cant persist in an anarchic competitive environment. First of all, in order for there to be a non-aggression pact between organisations, there needs to be trust. Said trust can never be guaranteed, since the interests of the different (criminal) enterprises are in conflict with each other: they both want to maximize their profits, which can only be done by having the most amount of costumers possible. Coke is coke, some produce better coke than others, but at the end of the day, people are looking for affordable coke. Out of the coke consumers, the only way to gain more is to steal them from competing cartels. Because both cartels require as much profit as possible in order to pay for the production for goods AND keep the guards well-paid to enforce your private property, the stealing of market share brings the existence of the cartel and the power of the cartel boss at stake. In other words, conflict is inevitable, and everything is at stake, so all the cards get laid on deck, including aggression, in the form of assassinations and gang wars. \n\nAnother point Id like to mention, is that when trust (the NAP) is broken, you cant expect all the corporations to keep trusting those who didn\'t go rogue, especially when violation of the NAP occurs more than once. Afterall, how can they trust one another when some are bound to break that trust to take advantage of you, especially because of all these incentives that motivate them to get on top of one another? And when trust is broken for all, it becomes a free-for-all game, where trust can only be bought and you always have to watch your back and, of course, your private property.\n\nIn conclusion, an anarcho-capitalist society is bound to fall in utter chaos through privatised enforcement of private property rights that is unable to keep the peace, thanks to the incentives provided by the capitalist economy. However not only a great parallel can be drawn with the course of the black market and it\'s criminal underworld, but in this perspective also with different nation-states fighting over resources, as they have always had and *still* do to this day.\n\nIf anyone has arguments to add, comment them and I may include them in the post.', 'https://www.reddit.com/r/CapitalismVSocialism/comments/k3jgam/anarchocapitalism_already_exists_in_real_life_and/', 'k3jgam', [['u/nikolakis7', 17, '2020-11-30 00:28', 'https://www.reddit.com/r/CapitalismVSocialism/comments/k3jgam/anarchocapitalism_already_exists_in_real_life_and/ge3e1sb/', "That's like saying socialism already exists today because you can just disrespect private property laws.", 'k3jgam'], ['u/Deathdragon228', 23, '2020-11-30 00:41', 'https://www.reddit.com/r/CapitalismVSocialism/comments/k3jgam/anarchocapitalism_already_exists_in_real_life_and/ge3flyz/', 'You yourself explained the reason the black market isn’t anarcho capitalism. It’s forced underground by the state. Due to it being Illegal, legitimately honest and good people are pushed away from it, resulting in it attracting less than savory individuals.', 'k3jgam']]], ['u/beachguy84', 'When should I buy?', 16, '2020-11-30 00:15', 'https://www.reddit.com/r/BitcoinBeginners/comments/k3jpau/when_should_i_buy/', "I'm new to bitcoin and have some extra cash on hand. I'm not rich by any means, but have an extra 20k to invest. When should I buy? It's current evaluation is quite high. I was hoping to buy in the 10k range. I've read a ton of various predictions, but they are merely that. Predictions. Any insight is greatly appreciated. Additionally, I plan on going with coinbase.", 'https://www.reddit.com/r/BitcoinBeginners/comments/k3jpau/when_should_i_buy/', 'k3jpau', [['u/ArchiMode25', 21, '2020-11-30 01:11', 'https://www.reddit.com/r/BitcoinBeginners/comments/k3jpau/when_should_i_buy/ge3izcg/', 'IF the 4 year cycle holds true the the next 2-3 months will be the lowest you could purchase BTC for. There is a chance the price will never be 10k again but at the same time it could be there within the next month. Id suggest lump sum on 50% of that and then weekly buys for the other 50%. Like the other user suggested. So 50/50 lump/DCA.', 'k3jpau'], ['u/Leading_Zeros', 22, '2020-11-30 02:13', 'https://www.reddit.com/r/BitcoinBeginners/comments/k3jpau/when_should_i_buy/ge3phh4/', '$2.3 trillion hedge fund market\n\n$10 trillion gold market\n\n$4.5 trillion cash market\n\n$16.7 trillion offshore deposit market\n\n$217 trillion global real estate\n\n$110 trillion global monetary base\n\n*bitcoin today $340 billion*\n\nLong term price charts are the place to start:\n\n[https://www.lookintobitcoin.com/charts/bitcoin-logarithmic-growth-curve/](https://www.lookintobitcoin.com/charts/bitcoin-logarithmic-growth-curve/)\n\n[https://s2f.hamal.nl/s2fcharts.html](https://s2f.hamal.nl/s2fcharts.html)\n\nIf anyone wants a 17 minute crash course on Bitcoin economics than these 2 articles are excellent-\n\n[https://medium.com/@jimmysong/why-bitcoin-is-different-e17b813fd947](https://medium.com/@jimmysong/why-bitcoin-is-different-e17b813fd947)\n\n[https://medium.com/@jimmysong/why-bitcoin-works-fe32879a73f5](https://medium.com/@jimmysong/why-bitcoin-works-fe32879a73f5)\n\nIf you have a few more minutes read these 2 articles :\n\n[https://medium.com/@vijayboyapati/the-bullish-case-for-bitcoin-6ecc8bdecc1](https://medium.com/@vijayboyapati/the-bullish-case-for-bitcoin-6ecc8bdecc1)\n\n[https://medium.com/the-bitcoin-times/bitcoin-and-the-tyranny-of-time-scarcity-1d1550dfd8b0](https://medium.com/the-bitcoin-times/bitcoin-and-the-tyranny-of-time-scarcity-1d1550dfd8b0)\n\nFor the ten-thousand foot view of where Bitcoin fits into the history of money, check out this article series:\n\n[https://medium.com/@breedlove22/money-bitcoin-and-time-part-1-of-3-b4f6bb036c04](https://medium.com/@breedlove22/money-bitcoin-and-time-part-1-of-3-b4f6bb036c04)\n\nAUDIO: [https://anchor.fm/thecryptoconomy/episodes/Money--Bitcoin---Time---by-Robert-Breedlove-e9avia](https://anchor.fm/thecryptoconomy/episodes/Money--Bitcoin---Time---by-Robert-Breedlove-e9avia)\n\nIf you are ready to go down the rabbit hole of knowledge Learn more here –\n\n[https://www.lopp.net/bitcoin-information.html](https://www.lopp.net/bitcoin-information.html)\n\n[https://www.lopp.net/lightning-information.html](https://www.lopp.net/lightning-information.html)\n\n[https://10hoursofbitcoin.com/](https://10hoursofbitcoin.com/)\n\n[https://nakamotoinstitute.org/mempool/series/gradually-then-suddenly/](https://nakamotoinstitute.org/mempool/series/gradually-then-suddenly/)\n\n[https://wtfhappenedin1971.com/](https://wtfhappenedin1971.com/)\n\n[https://www.bitcoinaudiobook.com/](https://www.bitcoinaudiobook.com/)\n\n[https://whatismoney.info/](https://whatismoney.info/)\n\n[https://bitcoin-resources.com](https://bitcoin-resources.com/)\n\n[https://www.bitcoin101...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
18803.00, 19201.09, 19445.40, 18699.77, 19154.23, 19345.12, 19191.63, 18321.14, 18553.92, 18264.99
|
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
["Upstart crypto exchange LVL wants to take on U.S. giants Coinbase and Gemini by removingtrading fees.\nAnnounced today,LVL(pronounced “level,” as in playing field) is making its entire service free to use. LVL, which is backed by Morgan Creek Digital’s Anthony Pompliano andbitcoinadvocates Jimmy Song and Willy Woo, previously had no trading fees but only for subscription users.\nLVL is also partnering with Mastercard to release two debit cards in early 2021. A standard plastic debit card will be available to free-tier users for a $10 issuing fee, while a metal Mastercard is included with three months of LVL’s Premium service.\nRelated:Crypto.com Takes Steps Toward Financial Licensure in Malta\nThe new features come as bitcoin is hittingall-time highs.\n“We’ve always been behind a subscription paywall but now we’re just making our entire service free to use,” said LVL CEO Chris Slaughter. “You can buy and sell bitcoin, you can use the plastic debit card. So now in North America, there’s a regulated exchange that’s 100% free to use.”\nRead more:Bitcoin Trading Fees on PayPal, Robinhood, Cash App and Coinbase: What to Know\nLVL’s point is that large U.S. exchanges like Coinbase and Gemini with remarkably similarpricingschemescreate a lack of competition. If it takes a scrappy minnow with just $2.5 million raised to date to disrupt the monopoly effects of these crypto exchanges, Slaughter said, then bring it on.\nRelated:Morgan Creek CEO Says Bitcoin Doing 'Extremely Well' Due to Fed Reserve's Dollar Devaluation\n“We are a super scrappy business contender by nature,” he said. “Like, we only have seven people but we have the first Mastercard approval in North America. We’re registered with FinCEN. And not only do we have bank accounts, they are full checking accounts.” (LVL also provides FDIC insurance on those accounts through banking platform Evolve, Slaughter said.)\nThe exchange makes its money, Slaughter explained, by charging $3 for withdrawals, which primarily covers network fees. (Coinbase chargesa $1-$5 network fee.) The trading platform also charges $5 for same-day bank transfers and wires, which covers the exchange’s risk provisioning credit to users and generates some income for LVL, Slaughter said.\nThe premium service at $9 per month, which also includes live-chat facility with a banker, is the means by which LVL Autopilot brings liquidity to the platform. The system runs industry-standard market-making algorithms, providing liquidity to traders and generating passive income for the Autopilot user, says Slaughter.\n“Based on our current number of pro users, and the way we expect liquidity to grow following this announcement, we expect to pass Coinbase’s liquidity within the 2% band in January,” said Slaughter.\nRead more:5 Reasons Why Bitcoin Just Hit an All-Time High Price\nFor now, LVL is available in 28 states and territories representing 60% of the U.S population, and is expected to service 94% of Americans by the end of 2021, Slaughter said.\n“William [Woo] and Jimmy [Song] were involved so freakishly early that they actually have founder shares,” said Slaughter. “Pomp got involved in the second half of last year and we have regular weekly meetings with him to talk about marketing.”\nSong said the aim is to even the playing field for users who are currently being scalped for fees.\n“Level is a revolutionary exchange that will change the game,” Song said via email. “Unlimited trading allows for really interesting innovations like an autopilot market-making which will give users a return on their Bitcoin.”\n• Bitcoin Exchange Backed by Pomp, Song and Woo Removes Trading Fees to Contend With Coinbase, Gemini\n• Bitcoin Exchange Backed by Pomp, Song and Woo Removes Trading Fees to Contend With Coinbase, Gemini", "Upstart crypto exchange LVL wants to take on U.S. giants Coinbase and Gemini by removing trading fees . Announced today, LVL (pronounced \x93level,\x94 as in playing field) is making its entire service free to use. LVL, which is backed by Morgan Creek Digital\x92s Anthony Pompliano and bitcoin advocates Jimmy Song and Willy Woo, previously had no trading fees but only for subscription users. LVL is also partnering with Mastercard to release two debit cards in early 2021. A standard plastic debit card will be available to free-tier users for a $10 issuing fee, while a metal Mastercard is included with three months of LVL\x92s Premium service. Related: Crypto.com Takes Steps Toward Financial Licensure in Malta The new features come as bitcoin is hitting all-time highs . \x93We\x92ve always been behind a subscription paywall but now we\x92re just making our entire service free to use,\x94 said LVL CEO Chris Slaughter. \x93You can buy and sell bitcoin, you can use the plastic debit card. So now in North America, there\x92s a regulated exchange that\x92s 100% free to use.\x94 Read more: Bitcoin Trading Fees on PayPal, Robinhood, Cash App and Coinbase: What to Know LVL\x92s point is that large U.S. exchanges like Coinbase and Gemini with remarkably similar pricing schemes create a lack of competition. If it takes a scrappy minnow with just $2.5 million raised to date to disrupt the monopoly effects of these crypto exchanges, Slaughter said, then bring it on. Related: Morgan Creek CEO Says Bitcoin Doing 'Extremely Well' Due to Fed Reserve's Dollar Devaluation \x93We are a super scrappy business contender by nature,\x94 he said. \x93Like, we only have seven people but we have the first Mastercard approval in North America. We\x92re registered with FinCEN. And not only do we have bank accounts, they are full checking accounts.\x94 (LVL also provides FDIC insurance on those accounts through banking platform Evolve, Slaughter said.) Story continues Revenue model The exchange makes its money, Slaughter explained, by charging $3 for withdrawals, which primarily covers network fees. ( Coinbase charges a $1-$5 network fee.) The trading platform also charges $5 for same-day bank transfers and wires, which covers the exchange\x92s risk provisioning credit to users and generates some income for LVL, Slaughter said. The premium service at $9 per month, which also includes live-chat facility with a banker, is the means by which LVL Autopilot brings liquidity to the platform. The system runs industry-standard market-making algorithms, providing liquidity to traders and generating passive income for the Autopilot user, says Slaughter. \x93Based on our current number of pro users, and the way we expect liquidity to grow following this announcement, we expect to pass Coinbase\x92s liquidity within the 2% band in January,\x94 said Slaughter. Read more: 5 Reasons Why Bitcoin Just Hit an All-Time High Price For now, LVL is available in 28 states and territories representing 60% of the U.S population, and is expected to service 94% of Americans by the end of 2021, Slaughter said. \x93William [Woo] and Jimmy [Song] were involved so freakishly early that they actually have founder shares,\x94 said Slaughter. \x93Pomp got involved in the second half of last year and we have regular weekly meetings with him to talk about marketing.\x94 Song said the aim is to even the playing field for users who are currently being scalped for fees. \x93Level is a revolutionary exchange that will change the game,\x94 Song said via email. \x93Unlimited trading allows for really interesting innovations like an autopilot market-making which will give users a return on their Bitcoin.\x94 Related Stories Bitcoin Exchange Backed by Pomp, Song and Woo Removes Trading Fees to Contend With Coinbase, Gemini Bitcoin Exchange Backed by Pomp, Song and Woo Removes Trading Fees to Contend With Coinbase, Gemini", "Upstart crypto exchange LVL wants to take on U.S. giants Coinbase and Gemini by removingtrading fees.\nAnnounced today,LVL(pronounced “level,” as in playing field) is making its entire service free to use. LVL, which is backed by Morgan Creek Digital’s Anthony Pompliano andbitcoinadvocates Jimmy Song and Willy Woo, previously had no trading fees but only for subscription users.\nLVL is also partnering with Mastercard to release two debit cards in early 2021. A standard plastic debit card will be available to free-tier users for a $10 issuing fee, while a metal Mastercard is included with three months of LVL’s Premium service.\nRelated:Crypto.com Takes Steps Toward Financial Licensure in Malta\nThe new features come as bitcoin is hittingall-time highs.\n“We’ve always been behind a subscription paywall but now we’re just making our entire service free to use,” said LVL CEO Chris Slaughter. “You can buy and sell bitcoin, you can use the plastic debit card. So now in North America, there’s a regulated exchange that’s 100% free to use.”\nRead more:Bitcoin Trading Fees on PayPal, Robinhood, Cash App and Coinbase: What to Know\nLVL’s point is that large U.S. exchanges like Coinbase and Gemini with remarkably similarpricingschemescreate a lack of competition. If it takes a scrappy minnow with just $2.5 million raised to date to disrupt the monopoly effects of these crypto exchanges, Slaughter said, then bring it on.\nRelated:Morgan Creek CEO Says Bitcoin Doing 'Extremely Well' Due to Fed Reserve's Dollar Devaluation\n“We are a super scrappy business contender by nature,” he said. “Like, we only have seven people but we have the first Mastercard approval in North America. We’re registered with FinCEN. And not only do we have bank accounts, they are full checking accounts.” (LVL also provides FDIC insurance on those accounts through banking platform Evolve, Slaughter said.)\nThe exchange makes its money, Slaughter explained, by charging $3 for withdrawals, which primarily covers network fees. (Coinbase chargesa $1-$5 network fee.) The trading platform also charges $5 for same-day bank transfers and wires, which covers the exchange’s risk provisioning credit to users and generates some income for LVL, Slaughter said.\nThe premium service at $9 per month
**Last 60 Days of Bitcoin's Closing Prices:**
[10575.97, 10549.33, 10669.58, 10793.34, 10604.41, 10668.97, 10915.69, 11064.46, 11296.36, 11384.18, 11555.36, 11425.90, 11429.51, 11495.35, 11322.12, 11358.10, 11483.36, 11742.04, 11916.33, 12823.69, 12965.89, 12931.54, 13108.06, 13031.17, 13075.25, 13654.22, 13271.29, 13437.88, 13546.52, 13781.00, 13737.11, 13550.49, 13950.30, 14133.71, 15579.85, 15565.88, 14833.75, 15479.57, 15332.32, 15290.90, 15701.34, 16276.34, 16317.81, 16068.14, 15955.59, 16716.11, 17645.41, 17804.01, 17817.09, 18621.31, 18642.23, 18370.00, 18364.12, 19107.46, 18732.12, 17150.62, 17108.40, 17717.41, 18177.48, 19625.84]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2020-12-01
**Financial & Commodity Data:**
- Gold Closing Price: $1814.10
- Crude Oil Closing Price: $44.55
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $361,384,864,100
- Hash Rate: 144750713.6586838
- Transaction Count: 378068.0
- Unique Addresses: 841581.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.95
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: The number of bitcoin “whales” – large investors with an ability to influence market trends – has jumped to four-year highs alongside the recent price rally. As of Sunday, the population of whale entities – clusters of addresses held by a single network participant holding at least 1,000 BTC – was 1,939, the highest since September 2016, according to data source Glassnode . The whale entities metric increased by 2.2% last week, possibly adding to bullish pressures around bitcoin’s price. The top cryptocurrency by market value rose by over 13% last week to register its best single-week performance since April. The uptrend gathered steam on Wednesday after PayPal announced support for bitcoin and prices reached 13-month highs above $13,300 on Thursday. The number of whale entities has increased by more than 13% this year alongside a 20% rise in the U.S. dollar supply. The data shows high net-worth individuals increasingly consider bitcoin a hedge against inflation, according to Willy Woo , an on-chain analyst and the author of The Bitcoin Forecast newsletter. Several top public companies have recently disclosed bitcoin investments, providing a strong vote of confidence in the cryptocurrency’s future. Hedge fund billionaire Paul Tudor Jones believes bitcoin’s rally has just begun . As per the technical charts, the cryptocurrency is looking north, having cleared resistance with a weekly close (Sunday, UTC) above $12,500. The focus now is on the June 2019 high of $13,800. Bitcoin is trading near $13,160 at press time, up 0.75% on the day. Disclosure: The author holds small positions in bitcoin and litecoin . Also read: Active Bitcoin Addresses at Highest Since 2017’s $20K Price Record Related Stories Number of Bitcoin ‘Whale’ Addresses at Highest Since Autumn 2016 Number of Bitcoin ‘Whale’ Addresses at Highest Since Autumn 2016 Number of Bitcoin ‘Whale’ Addresses at Highest Since Autumn 2016 Number of Bitcoin ‘Whale’ Addresses at Highest Since Autumn 2016 View comments...
- Reddit Posts (Sample): [['u/Xanaxtastrophy', 'Why do we say Bitcoin is instant?', 15, '2020-12-01 00:59', 'https://www.reddit.com/r/BitcoinBeginners/comments/k48s38/why_do_we_say_bitcoin_is_instant/', 'When talking about Bitcoin and the blockchain we often talk about how Bitcoin is a form of instantaneous payment. But depending on the fees involved it can actually take hours. \n\nCan someone help me understand this concept?', 'https://www.reddit.com/r/BitcoinBeginners/comments/k48s38/why_do_we_say_bitcoin_is_instant/', 'k48s38', [['u/584_Bilbo', 14, '2020-12-01 01:18', 'https://www.reddit.com/r/BitcoinBeginners/comments/k48s38/why_do_we_say_bitcoin_is_instant/ge7gz8b/', "Yes, when there's a lot of buying and selling going on the transaction times and fees can get carried away. That's why the lightning network was created. It makes bitcoin transactions very fast (milliseconds to a few minutes at worst). Imagine you have relatives that need money but they're on the other side of the world. With bitcoin, it doesn't matter if it's 3 a.m. If you want to send money, you enter the address and hit send. No middleman has any authority whatsoever to stop it. That's why they call it instant. No processing or waiting for approval from the bank/western union.", 'k48s38']]], ['u/webupnz', 'MISSED OPPORTUNITY', 13, '2020-12-01 00:59', 'https://www.reddit.com/r/Bitcoin/comments/k48s4q/missed_opportunity/', 'My sister emailed me on 4th November 2013 about BTC when it was $270 NZD (USD $189) \nHer friend had started a significant mining operation and brokerage service at the time. \n\n\nOf course I didnt do anything with it and instead had spent thousands of dollars building several PC rigs that were running 24/7 doing Folding@home!!!!! \n\n\nOh how I wish I was mining BTC back then instead of folding!!! \nBTC ATH FML', 'https://www.reddit.com/r/Bitcoin/comments/k48s4q/missed_opportunity/', 'k48s4q', [['u/cedarrapidsiaus', 22, '2020-12-01 01:03', 'https://www.reddit.com/r/Bitcoin/comments/k48s4q/missed_opportunity/ge7f9ri/', 'buying bitcoin under 25k = another huge opportunity', 'k48s4q'], ['u/webupnz', 11, '2020-12-01 01:08', 'https://www.reddit.com/r/Bitcoin/comments/k48s4q/missed_opportunity/ge7fxje/', 'in 2020 it would be a complete waste of time', 'k48s4q']]]]...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
19201.09, 19445.40, 18699.77, 19154.23, 19345.12, 19191.63, 18321.14, 18553.92, 18264.99, 18058.90
|
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['By Gertrude Chavez-Dreyfuss and Suzanne Barlyn NEW YORK (Reuters) - The dollar sank to a fresh 2-1/2-year low in choppy trading on Wednesday, weighed down by expectations of further fiscal stimulus for the United States. The greenback, however, last traded little changed to slightly lower on the day amid wrangling in Congress over additional coronavirus aid. Republicans and Democrats in Congress remained unable to reach agreement on more relief for the U.S. economy on Wednesday, with top Republicans supporting what the Senate\'s top Democrats dismissed as an "inadequate, partisan proposal." Treasury Secretary Steven Mnuchin said President Donald Trump supported a proposal put forth by Republican Majority Leader Mitch McConnell after the latter on Tuesday rejected a $908 billion bipartisan package. For months, McConnell has pushed for a $500 billion plan that Democrats rejected as insufficient. Democratic leaders, however, said on Wednesday a bipartisan coronavirus aid plan should be the basis for immediate negotiations in the U.S. Congress. "Generally, the theme has been positive and the bipartisan plan gives us a base for further stimulus talks," said Amo Sahota, executive director at currency advisory firm Klarity FX in San Francisco. "But quite honestly, I am not convinced by the stimulus plans. I think they\'re still far away from a deal from what we can tell," he added. In afternoon trading, the dollar index was 0.1% lower at 91.115 , after earlier hitting 91.094, the lowest since late April 2018. Wednesday\'s data showing slower U.S. private hiring last month supported some safe-haven buying of the dollar earlier in the session. Private payrolls increased by 307,000 jobs in November, the ADP National Employment Report showed, lower than economists\' forecast for a 410,000 rise. Data for October, though, was revised up to show 404,000 jobs added instead of the initially reported 365,000. Analysts said the ADP report, while disappointing, had positive elements. Story continues Adding to the positive risk sentiment was Britain\'s approval of Pfizer Inc\'s COVID-19 vaccine on Wednesday, jumping ahead of the rest of the world in the race to begin the most crucial mass inoculation program in history. The euro, meanwhile, was up 0.2% at $1.2098, after earlier hitting $1.2108, the highest since late April 2018. The European Central Bank meets next week and analysts said the ECB could act to stem the currency\'s rapid rise. Against the yen, the dollar rose 0.2% to 104.52, after the Bank of Japan signaled its readiness to extend pandemic-response programs. Bitcoin was up 1.6% at $19,061, after hitting a record high of $19,918.01 on Tuesday. Sterling fell as Britain and the European Union quickly approached a make-or-break moment in trade talks, with investors uncertain a deal will be reached. [GBP/] The pound last traded down 0.5% against the dollar at $1.3361. The risk-sensitive Aussie dollar rose 0.4% versus the greenback to US$0.7402 as data showed Australia\'s economy rebounded more than expected in the third quarter. (Reporting by Gertrude Chavez-Dreyfuss and Suzanne Barlyn; Editing by Will Dunham, Jonathan Oatis and Dan Grebler)', 'By Gertrude Chavez-Dreyfuss and Suzanne Barlyn\nNEW YORK (Reuters) - The dollar sank to a fresh 2-1/2-year low in choppy trading on Wednesday, weighed down by expectations of further fiscal stimulus for the United States.\nThe greenback, however, last traded little changed to slightly lower on the day amid wrangling in Congress over additional coronavirus aid.\nRepublicans and Democrats in Congress remained unable to reach agreement on more relief for the U.S. economy on Wednesday, with top Republicans supporting what the Senate\'s top Democrats dismissed as an "inadequate, partisan proposal."\nTreasury Secretary Steven Mnuchin said President Donald Trump supported a proposal put forth by Republican Majority Leader Mitch McConnell after the latter on Tuesday rejected a $908 billion bipartisan package.\nFor months, McConnell has pushed for a $500 billion plan that Democrats rejected as insufficient.\nDemocratic leaders, however, said on Wednesday a bipartisan coronavirus aid plan should be the basis for immediate negotiations in the U.S. Congress.\n"Generally, the theme has been positive and the bipartisan plan gives us a base for further stimulus talks," said Amo Sahota, executive director at currency advisory firm Klarity FX in San Francisco. "But quite honestly, I am not convinced by the stimulus plans. I think they\'re still far away from a deal from what we can tell," he added.\nIn afternoon trading, the dollar index was 0.1% lower at 91.115 , after earlier hitting 91.094, the lowest since late April 2018.\nWednesday\'s data showing slower U.S. private hiring last month supported some safe-haven buying of the dollar earlier in the session.\nPrivate payrolls increased by 307,000 jobs in November, the ADP National Employment Report showed, lower than economists\' forecast for a 410,000 rise. Data for October, though, was revised up to show 404,000 jobs added instead of the initially reported 365,000.\nAnalysts said the ADP report, while disappointing, had positive elements.\nAdding to the positive risk sentiment was Britain\'s approval of Pfizer Inc\'s COVID-19 vaccine on Wednesday, jumping ahead of the rest of the world in the race to begin the most crucial mass inoculation program in history.\nThe euro, meanwhile, was up 0.2% at $1.2098, after earlier hitting $1.2108, the highest since late April 2018. The European Central Bank meets next week and analysts said the ECB could act to stem the currency\'s rapid rise.\nAgainst the yen, the dollar rose 0.2% to 104.52, after the Bank of Japan signaled its readiness to extend pandemic-response programs.\nBitcoin was up 1.6% at $19,061, after hitting a record high of $19,918.01 on Tuesday.\nSterling fell as Britain and the European Union quickly approached a make-or-break moment in trade talks, with investors uncertain a deal will be reached. [GBP/]\nThe pound last traded down 0.5% against the dollar at $1.3361.\nThe risk-sensitive Aussie dollar rose 0.4% versus the greenback to US$0.7402 as data showed Australia\'s economy rebounded more than expected in the third quarter.\n(Reporting by Gertrude Chavez-Dreyfuss and Suzanne Barlyn; Editing by Will Dunham, Jonathan Oatis and Dan Grebler)', "The head of the world’s largest asset manager has provided a somewhat bullish take on the world’s first cryptocurrency. According to a report by CNBC on Tuesday, CEO of BlackRock Larry Fink said bitcoin has “caught the attention” of many people and that the cryptocurrency market was still relatively small compared to others. Speaking to former Bank of England Governor Mark Carney at the Council on Foreign Relations on Tuesday, Fink said the nascent cryptocurrency asset class can possibly “evolve” into a global market asset, CNBC said. Related: BlackRock's Chief Investment Officer Says Bitcoin Could Replace Gold to a Large Extent According to the report, Fink also said having a digital currency has a real impact on the U.S. dollar, making it less relevant on a global scale for international holders of dollar-based assets. He also raised the question: “Does it change the need for the dollar as a reserve currency?” See also: Crypto Long & Short: What We’re Getting Wrong About Druckenmiller and Bitcoin The comments are a still relatively rare endorsement from a major traditional financial players but follow on the heels of even more bullish views from billionaire hedge fund managers Stanley Druckenmiller and Paul Tudor Jones II , who are allocating a portion of their assets to bitcoin. BlackRock is the world’s largest asset manager with over $7.4 trillion dollars in assets under management, according to the manager’s website. Related Stories BlackRock’s Fink Says Bitcoin Can Possibly ‘Evolve’ Into Global Asset BlackRock’s Fink Says Bitcoin Can Possibly ‘Evolve’ Into Global Asset BlackRock’s Fink Says Bitcoin Can Possibly ‘Evolve’ Into Global Asset", "The head of the world’s largest asset manager has provided a somewhat bullish take on the world’s first cryptocurrency.\nAccording to areport by CNBCon Tuesday, CEO of BlackRock Larry Fink saidbitcoinhas “caught the attention” of many people and that the cryptocurrency market was still relatively small compared to others.\nSpeaking to former Bank of England Governor Mark Carney at the Council on Foreign Relations on Tuesday, Fink said the nascent cryptocurrency asset class can possibly “evolve” into a global market asset, CNBC said.\nRelated:BlackRock's Chief Investment Officer Says Bitcoin Could Replace Gold to a Large Extent\nAccording to the report, Fink also said having a digital currency has a real impact on the U.S. dollar, making it less relevant on a global scale for international holders of dollar-based assets. He also raised the question: “Does it change the need for the dollar as a reserve currency?”\nSee also:Crypto Long & Short: What We’re Getting Wrong About Druckenmiller and Bitcoin\nThe comments are a still relatively rare endorsement from a major traditional financial players but follow on the heels of even more bullish views from billionaire hedge fund managersStanley DruckenmillerandPaul Tudor Jones II, who are allocating a portion of their assets to bitcoin.\nBlackRock is the world’s largest asset manager with over $7.4 trillion dollars in assets under management, according to the manager’s website.\n• BlackRock’s Fink Says Bitcoin Can Possibly ‘Evolve’ Into Global Asset\n• BlackRock’s Fink Says Bitcoin Can Possibly ‘Evolve’ Into Global Asset\n• BlackRock’s Fink Says Bitcoin Can Possibly ‘Evolve’ Into Global Asset", "The head of the world’s largest asset manager has provided a somewhat bullish take on the world’s first cryptocurrency.\nAccording to areport by CNBCon Tuesday, CEO of BlackRock Larry Fink saidbitcoinhas “caught the attention” of many people and that the cryptocurrency m
**Last 60 Days of Bitcoin's Closing Prices:**
[10549.33, 10669.58, 10793.34, 10604.41, 10668.97, 10915.69, 11064.46, 11296.36, 11384.18, 11555.36, 11425.90, 11429.51, 11495.35, 11322.12, 11358.10, 11483.36, 11742.04, 11916.33, 12823.69, 12965.89, 12931.54, 13108.06, 13031.17, 13075.25, 13654.22, 13271.29, 13437.88, 13546.52, 13781.00, 13737.11, 13550.49, 13950.30, 14133.71, 15579.85, 15565.88, 14833.75, 15479.57, 15332.32, 15290.90, 15701.34, 16276.34, 16317.81, 16068.14, 15955.59, 16716.11, 17645.41, 17804.01, 17817.09, 18621.31, 18642.23, 18370.00, 18364.12, 19107.46, 18732.12, 17150.62, 17108.40, 17717.41, 18177.48, 19625.84, 18803.00]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2020-12-02
**Financial & Commodity Data:**
- Gold Closing Price: $1825.70
- Crude Oil Closing Price: $45.28
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $361,384,864,100
- Hash Rate: 124752259.79794464
- Transaction Count: 327019.0
- Unique Addresses: 756978.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.92
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Amazon.com, Inc(NASDAQ:AMZN) is retrenching workers engaged in research and development and manufacturing at its delivery drone project — instead, seeking external assistance in bringing its ambitious plans to fruition, the Financial TimesreportedWednesday.
What Happened:Dozens of workers were laid-off by the Jeff Bezos-led company as it reached agreements with two external manufacturers in recent weeks to manufacture components parts of its delivery drones, according to FT.
The agreements, full terms of which are yet to be finalized, were signed with Austria’s FACC Aerospace and Spain’s Aernnova Aerospace, a person familiar with the matter told FT.
The retail giant is also looking at other external firms, according to FT.
“As part of our regular business operations, we are [reorganizing] one small team within our larger Prime Air [organization] to allow us to best align with the needs of our customers and the business,” an Amazon spokesperson confirmed the layoffs to FT.
The spokesperson said the company was “working to find roles in the areas where we are hiring that best match their experience and needs.”
Why It Matters:Drone deliveries though revealed seven years ago by Bezos have yet not been fully deployed and are still “years away,” according to an unnamed source of FT.
DroneAnalyst’s head of research David Benowitz said that Amazon is “not meeting the lofty goals and the original vision quite yet.”
Walmart Inc(NYSE:WMT) is alreadyon its way to trial deliverieswith San Francisco, California-based firm Zipline.
The U.S. Federal Aviation Administration has received Part 135 certification to carry out highly-controlled testing but has not yet shared details of its trial plans.
Price Action:Amazon shares closed 0.96% lower at $3,105.46 on Wednesday.
Related Link:Flytrex Partners With Walmart To Bring Drone Delivery To North Carolina
See more from Benzinga
• Click here for options trades from Benzinga
• Elon Musk Doles Out Advice To Maisie Williams On Whether She Should 'Go Long On Bitcoin'
• Rivian Says All Its Electric Vehicles Will Now Come With Driver Assistance System
© 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved....
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
19445.40, 18699.77, 19154.23, 19345.12, 19191.63, 18321.14, 18553.92, 18264.99, 18058.90, 18803.66
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
["The Takeaway\n• Ripple used to position itself as the regulator-friendly crypto firm.\n• Now the company is threatening to leave the U.S. over regulatory uncertainty.\n• Lack of clarity from the SEC about XRP’s legal status looks to be the sticking point.\n• The company is fighting several private investor lawsuits over the securities question and reportedly eyeing an initial public offering.\nRipple might not move out after all.\nSix weeks after announcing he’s looking at potentially relocating Ripple’s headquarters because of the lack of regulatory clarity around theXRPcryptocurrency in the U.S., CEO Brad Garlinghouse isnow taking a wait-and-see approachfollowingthe election of Joe Bidenas U.S. president. Speaking to CNN’s Julia Chatterley on Wednesday, he said the payments firm hadn’t made any decision on the matter.\nRelated:XRP Led November's Crypto Bull Run With 169% Gain\n“We haven’t put a strict timeline on when we’ll make a decision” on relocating, he said. “I think I am waiting to see what dynamics change, associated with the Biden administration beginning their term in office, and I am optimistic that will actually improve where things sit for the XRP community broadly.”\nGarlinghousedonatedto the Biden for President campaign earlier this year, according to Federal Election Commission records. Last year, he donated to the Kamala Harris for the People campaign when she was a presidential candidate. Harris later dropped out of that race but is now the vice president-elect and will take office with Biden.\nGarlinghouse’s remarks diverge from previous comments, when he indicated the prolonged but fruitless efforts to get federal regulators on the firm’s side seem to have exhausted the patience of Ripple’s executives as the company eyes a potential initial public offering (IPO) and fights a lawsuit.\nFor years, the payments startup, closely associated with the XRP cryptocurrency, held itself up as an example of good behavior. In 2016, for example, Ripple was thesecondcompany in the blockchain industry to obtain the infamously stringent BitLicense from New York State (and later added the architect of that regimeto its board).\nRelated:Ripple Is Cashing Out a Third of Its Stake in Surging MoneyGram\nThe firm’s CEO in those days, Chris Larsen, eschewed the then-fashionable term “disruptor” and stressed that unlike Bitcoin’s early adopters, Ripple aimed to assist, not usurp, regulated institutions. To do so it invested in multiple lobbyingeffortsin Washington.\nLately, the San Francisco-based company’s leaders have been notably less diplomatic. Current CEOGarlinghouseandLarsen, now executive chairman, havepublicly threatenedto move Ripple’s headquarters out of the U.S., citing the lack of regulatory clarity, particularly from the Securities and Exchange Commission (SEC). The company recentlyannouncedit opened a regional office in Dubai.\nRipple is still a far cry from, say, Binance, the global cryptocurrency exchange that hashopped from one jurisdiction to anotherand hasrefused to even say where exactly it is headquartered. But the Silicon Valleyunicorn’sopen discussion of a possible relocation marks a strategic shift, underscoring how the sector’s compliance challenges have grown more complex over the last half-decade.\n“Ripple wants to embrace regulation. And when regulation is clear and consistently applied it does result in a predictable outcome,” the company’s general counsel, Stu Alderoty, told CoinDesk in a recent phone interview.\nThis, however, hasn’t been the case in the U.S., he said.\n“Other jurisdictions made pretty significant advances,” Alderoty said, denying that a relocation would beregulatory arbitrage, the corporate practice of taking advantage of differing regimes. In other jurisdictions, “there is a high degree of comfort that the regulator won’t say [XRP] is a security one day,” he explained.\nThe company’s reasons to consider moving out are “general frustration, and the maturity of other jurisdictions parading that regulation clarity,” he said, adding that for Ripple, “it would be irresponsible not to explore those opportunities.”\nTo be clear, Ripple hasn’t committed to moving out of the U.S. definitively. Its leadership may just be saber-rattling in hopes of motivating regulatory agencies like the SEC to take action. It’s not out of the realm of possibility that Ripple will stay headquartered in the U.S. even if the SEC continues its business as usual.\nAlderoty indicated Ripple would remain compliant with U.S. regulations and likely continue doing business in the country. The specific benefits Ripple would gain by moving out remain unclear, as is why Ripple would move out of the U.S. now.\nThe SEC’s future focus is itself unclear. Current Chairman Jay Claytonintends to step downbefore President-elect Joe Biden takes office in January. Biden will get to nominate a new chair, shaping the agency’s course for the next several years.\nCompared to therebellious figuresof theearly Bitcoin community,Ripple, founded in 2012, looked like your straight-laced aunt.\n“ForBitcoin, the goal was to create a decentralized currency and ledger, independent from any government or central operator. For Ripple, the goal was to create a decentralized ledger that could work with and improve the foundation of today’s payment systems,” Larsen said in a 2015interviewwith fintech maven Chris Skinner.\nDuring that era, the main category of regulation that preoccupied digital currency businesses was the kind designed to prevent money laundering, sanctions violations and terrorism financing.\nAs early as 2014, Ripple introduced a feature that allows financial institutions tostop certain transactionson its network (which is now known as the XRP Ledger).\nXRP, the network’snative currency, could not be frozen, but dollars or euros issued by a bank on the ledger could, allowing Ripple’s corporate users (then referred to as “gateways”) to cooperate with law enforcement requests.\n“The individual freeze is intended primarily for complying with regulatory requirements,” the company said in anoticeat the time. “It also allows gateways to freeze individual account issuances in order to investigate suspicious activity. These features allow gateways to better operate in compliance of laws and regulations.”\nNevertheless, the following year Ripple was hit was one by of the industry’s first high-profile enforcement actions.\nThe U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN)finedthe company $700,000 for failing in its early days to register as a money services business (MSB) and to implement an anti-money laundering program.\nThe company cooperated with FinCEN andagreedto make “certain enhancements” to the Ripple Protocol “to appropriately monitor all future transactions” and regular compliance audits.\nMore recently, following the initial coin offering (ICO) boom of 2017, an additional type of regulation has come into play for the crypto markets: securities laws. And this area has proven trickier to navigate for Ripple.\nIn 2018, a group of investorssuedRipple, alleging the company’s periodic sales of XRP were unregistered issuances of securities. The case is now in the U.S. District Court of Southern California. In October, Judge Phyllis J. Hamiltondismissedmost of the plaintiffs’ claims but left three, on which the hearings will now proceed.\n“The lawsuit is a symptom of the absence of [regulatory] clarity in the U.S.” Alderoty said.\nIn the meantime, the SEC was becoming more aggressive in pursuing companies that sold tokens through ICOs. The agency effectively won its lawsuits againstTelegramandKik; while both suits resulted in settlements, the terms were generally favorable toward the SEC, making both companies pay fines for unregistered securities sales and, in the case of Telegram,putting an end to the project.\nTo be clear, Ripple did not conduct an ICO, but founders David Schwartz, Jed McCaleb and Arthur Britto “gifted” 80 billion XRP to the company, which then sold it to users. However, the climate for token-funded projects in general has been getting more and more threatening over the past two years in the U.S.\nWhile Ripple has long insistedit did not create XRP, it isthe largest holderof the cryptocurrency and has relied heavily on selling the asset. The company “would not be profitable or cash flow positive [without selling XRP],” Garlinghousetold the Financial Timesin February. Ripple is also active on the buy side: the company is regularly purchasing XRP “to support healthy markets.”\n“Ripple generates revenue from multiple sources, but as a private company we don’t break out the details,” Ripple spokesperson wrote to CoinDesk. “That said, Ripple does software enterprise sales – no different than Oracle or Salesforce. Ripple also has not sold XRP programmatically for over a year which is outlined in our quarterly markets reports.”\nIn previous years, Ripple sold XRP in two parallel ways: programmatically and over the counter (OTC). While the programmatic sales werepausedin 2019, the OTC sales went on. According to theXRP Markets Reportspublished quarterly by Ripple, during 2020, the company has sold a little more than $70 million worth of XRP.\nHence, resolving XRP’s legal status is crucial for the company.\n“Ripple put a lot of money in their regulatory work,” a source familiar with Ripple’s business told CoinDesk. “At the very minimum, they tried every means to push the SEC to issue the statement that XRP should not be regarded as a security.”\nHowever, that did not happen, and seeing the SEC crack down on other token projects “it would be hard for Ripple not to worry about that,” the source said.\nWith XRP occupying an important place on Ripple’s balance sheet, if the SEC or a prolonged legal action ultimately deems the token a security, it might shake up the company’s entire business model.\nMoving out of the U.S. won’t get Ripple out of the U.S. jurisdiction, Alderoty said,
**Last 60 Days of Bitcoin's Closing Prices:**
[10669.58, 10793.34, 10604.41, 10668.97, 10915.69, 11064.46, 11296.36, 11384.18, 11555.36, 11425.90, 11429.51, 11495.35, 11322.12, 11358.10, 11483.36, 11742.04, 11916.33, 12823.69, 12965.89, 12931.54, 13108.06, 13031.17, 13075.25, 13654.22, 13271.29, 13437.88, 13546.52, 13781.00, 13737.11, 13550.49, 13950.30, 14133.71, 15579.85, 15565.88, 14833.75, 15479.57, 15332.32, 15290.90, 15701.34, 16276.34, 16317.81, 16068.14, 15955.59, 16716.11, 17645.41, 17804.01, 17817.09, 18621.31, 18642.23, 18370.00, 18364.12, 19107.46, 18732.12, 17150.62, 17108.40, 17717.41, 18177.48, 19625.84, 18803.00, 19201.09]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2020-12-03
**Financial & Commodity Data:**
- Gold Closing Price: $1836.80
- Crude Oil Closing Price: $45.64
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $361,438,443,641
- Hash Rate: 149512250.29219317
- Transaction Count: 346921.0
- Unique Addresses: 777633.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.92
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Russia’s most notorious state cyberhackers usedbitcointo cover their ties to critical hacking campaign “infrastructure” such as servers and domain names, according to an indictment unsealed Monday by U.S. prosecutors.
• Six members of Russia’s state-run hacking teams who allegedly targeted “thousands” of victims across companies, political campaigns, governments and the 2018 Winter Olympics through Russian Military Unit 7445 are named in thesuit.
• Prosecutors also allege they were responsible for 2017’s catastrophic “NotPetya” malware attack that caused billions of dollars in damage. Security researchers have made such claims before.
• NotPetya was based on the petya bitcoin ransomware exploit but with a malicious twist, prosecutors allege: “Even if victims paid the ransom ($300 worth of bitcoin), the Conspirators would not be able to decrypt and recover the victims’ computer files.”
• US Alleges Top Russian Cyber Hackers Tried to Cover Digital Tracks With Bitcoin
• US Alleges Top Russian Cyber Hackers Tried to Cover Digital Tracks With Bitcoin
• US Alleges Top Russian Cyber Hackers Tried to Cover Digital Tracks With Bitcoin
• US Alleges Top Russian Cyber Hackers Tried to Cover Digital Tracks With Bitcoin...
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
18699.77, 19154.23, 19345.12, 19191.63, 18321.14, 18553.92, 18264.99, 18058.90, 18803.66, 19142.38
|
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['By Gertrude Chavez-Dreyfuss and Suzanne Barlyn NEW YORK (Reuters) - The U.S. dollar rose from 2-1/2-year lows on Friday, as European Union and British negotiators paused talks for a post-Brexit trade deal, weighing on sterling, though the greenback still posted its worst week in a month after investors shrugged off a weaker-than-expected U.S. employment report. In late trading, the dollar index rose 0.1% to $90.725 ahead of the weekend, climbing from its lowest level since April 2018. On the week, the index was down 1.3%, its largest weekly loss since early November. Britain and the European Union paused talks on Friday after failing to narrow differences sufficiently to reach a trade agreement, less than four weeks before Britain completes its Brexit journey out of the bloc. The negotiators, Britain\'s David Frost and the EU\'s Michel Barnier, said they would brief their leaders to seek new impetus for the talks. Upbeat announcements on COVID-19 vaccines have helped drive a rally in riskier currencies at the expense of the safe-haven dollar. The euro and Swiss franc, in contrast, were headed for their best week in a month against the dollar. The single European currency touched a 2-1/2-year high, while the Swiss franc rose to its highest in nearly six years. Data showed that U.S. non-farm payrolls increased by 245,000 jobs last month after rising by 610,000 in October. That was the smallest gain since the jobs recovery started in May. "The biggest development this afternoon has been what I\'m telling clients is a \'fakeout-breakout\' in pound sterling," said Toronto-based Erik Bregar, head of FX strategy for the Exchange Bank of Canada, referring to the possibility of a Brexit deal that is now on pause. "It makes me think about more downside afterwards." The renewed possibility that Congress might forge another U.S. fiscal stimulus package and enthusiasm about progress on the development of COVID-19 vaccines remain key drivers in foreign exchange, strategists said. Story continues The jobs data and surge in COVID-19 cases are unlikely to trigger a rush by the U.S. Federal Reserve to ramp up its bond-buying. Chicago Federal Reserve Bank President Charles Evans told reporters on Friday that the Fed could assess asset purchases in springtime, when there is more clarity on the economic outlook. U.S. House of Representatives Speaker Nancy Pelosi said on Friday there was momentum behind talks on a coronavirus relief bill and that a bipartisan proposal could be the basis for relief negotiations. That should keep risk appetite higher. The euro has been one of the biggest winners from recent dollar weakness, breaking decisively above $1.20 this week. The single currency rose to $1.2177, its highest since April 2018, and was last down 0.2% at $1.2118. Against the Swiss franc, the dollar recovered to trade slightly higher at 0.8910 franc, after earlier dropping to a nearly six-year low of 0.8886 franc. The greenback was last down .06% at 0.8903. The dollar gained 0.3% against the yen to 104.15 yen. Sterling fell 0.2% against the dollar to $1.3423 after trade talks for a post-Brexit trade deal with the European Union hit a snag ahead of the weekend. Bitcoin pulled back to trade late on Friday at $18,906.54 after failing to break above $20,000 for the first time earlier this week. (Reporting by Gertrude Chavez-Dreyfuss and Suzanne Barlyn; Editing by Andrew Heavens, Dan Grebler and Will Dunham)', 'By Gertrude Chavez-Dreyfuss and Suzanne Barlyn\nNEW YORK (Reuters) - The U.S. dollar rose from 2-1/2-year lows on Friday, as European Union and British negotiators paused talks for a post-Brexit trade deal, weighing on sterling, though the greenback still posted its worst week in a month after investors shrugged off a weaker-than-expected U.S. employment report.\nIn late trading, the dollar index rose 0.1% to $90.725 ahead of the weekend, climbing from its lowest level since April 2018. On the week, the index was down 1.3%, its largest weekly loss since early November.\nBritain and the European Union paused talks on Friday after failing to narrow differences sufficiently to reach a trade agreement, less than four weeks before Britain completes its Brexit journey out of the bloc.\nThe negotiators, Britain\'s David Frost and the EU\'s Michel Barnier, said they would brief their leaders to seek new impetus for the talks.\nUpbeat announcements on COVID-19 vaccines have helped drive a rally in riskier currencies at the expense of the safe-haven dollar.\nThe euro and Swiss franc, in contrast, were headed for their best week in a month against the dollar.\nThe single European currency touched a 2-1/2-year high, while the Swiss franc rose to its highest in nearly six years.\nData showed that U.S. non-farm payrolls increased by 245,000 jobs last month after rising by 610,000 in October. That was the smallest gain since the jobs recovery started in May.\n"The biggest development this afternoon has been what I\'m telling clients is a \'fakeout-breakout\' in pound sterling," said Toronto-based Erik Bregar, head of FX strategy for the Exchange Bank of Canada, referring to the possibility of a Brexit deal that is now on pause. "It makes me think about more downside afterwards."\nThe renewed possibility that Congress might forge another U.S. fiscal stimulus package and enthusiasm about progress on the development of COVID-19 vaccines remain key drivers in foreign exchange, strategists said.\nThe jobs data and surge in COVID-19 cases are unlikely to trigger a rush by the U.S. Federal Reserve to ramp up its bond-buying. Chicago Federal Reserve Bank President Charles Evans told reporters on Friday that the Fed could assess asset purchases in springtime, when there is more clarity on the economic outlook.\nU.S. House of Representatives Speaker Nancy Pelosi said on Friday there was momentum behind talks on a coronavirus relief bill and that a bipartisan proposal could be the basis for relief negotiations. That should keep risk appetite higher.\nThe euro has been one of the biggest winners from recent dollar weakness, breaking decisively above $1.20 this week.\nThe single currency rose to $1.2177, its highest since April 2018, and was last down 0.2% at $1.2118.\nAgainst the Swiss franc, the dollar recovered to trade slightly higher at 0.8910 franc, after earlier dropping to a nearly six-year low of 0.8886 franc. The greenback was last down .06% at 0.8903.\nThe dollar gained 0.3% against the yen to 104.15 yen.\nSterling fell 0.2% against the dollar to $1.3423 after trade talks for a post-Brexit trade deal with the European Union hit a snag ahead of the weekend.\nBitcoin pulled back to trade late on Friday at $18,906.54 after failing to break above $20,000 for the first time earlier this week.\n(Reporting by Gertrude Chavez-Dreyfuss and Suzanne Barlyn; Editing by Andrew Heavens, Dan Grebler and Will Dunham)', 'The S&P Down Jones Indices, a unit of market data providerS&P Global(NYSE:SPGI), is collaborating withLukka Incto introduce a global cryptocurrency index sometime next year.\nLukka is a New York-headquartered software company centered around blockchain technology and the digital assets domain.\nWhat Happened: S&P DJI will incorporate Lukka’s proprietory digital asset pricing data to create custom solutions for indexing and benchmarking.\n"With digital assets such as cryptocurrencies becoming a rapidly emerging asset class, the time is right for independent, reliable and user-friendly benchmarks,” S&P DJI Global Head of Innovation and Strategy Peter Roffman said,\xa0talking about the need for a cryptocurrency index.\nWhy Does It Matter: Bitcoin has been trading near all-time-high\xa0levels above $19,000 this week and the mainstream interest related to\xa0investments\xa0in the digital asset space is piqued again.\nThe latest announcement by S&P DJI followsthe recent billion acquisitionofIHS Markit Ltd(NYSE:INFO). The all-stock deal, announced last week, will give S&P 67.75% controlling interest in the newly formed entity, whereas IHS Market shareholders with control the remaining stake.\nIn mid-November,IHS Markit signed up with Lukkaand agreed to bundle the cryptocurrency software company’s products along with its own offerings.\nPrice Action: SPGI stock closed 2% lower on Thursday at $326.61.\xa0Bitcoin traded 0.8% higher at $19,306.11.\nSee more from Benzinga\n• Click here for options trades from Benzinga\n• South Korea Inks COVID-19 Vaccine Deal With AstraZeneca: Reuters\n• Bosch Reduces Nikola Stake To Fall Below SEC\'s Beneficial Ownership Reporting Requirement Of 5%\n© 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.', 'The S&P Down Jones Indices, a unit of market data providerS&P Global(NYSE:SPGI), is collaborating withLukka Incto introduce a global cryptocurrency index sometime next year.\nLukka is a New York-headquartered software company centered around blockchain technology and the digital assets domain.\nWhat Happened: S&P DJI will incorporate Lukka’s proprietory digital asset pricing data to create custom solutions for indexing and benchmarking.\n"With digital assets such as cryptocurrencies becoming a rapidly emerging asset class, the time is right for independent, reliable and user-friendly benchmarks,” S&P DJI Global Head of Innovation and Strategy Peter Roffman said,\xa0talking about the need for a cryptocurrency index.\nWhy Does It Matter: Bitcoin has been trading near all-time-high\xa0levels above $19,000 this week and the mainstream interest related to\xa0investments\xa0in the digital asset space is piqued again.\nThe latest announcement by S&P DJI followsthe recent billion acquisitionofIHS Markit Ltd(NYSE:INFO). The all-stock deal, announced last week, will give S&P 67.75% controlling interest in the newly formed entity, whereas IHS Market shareholders with control the remaining stake.\nIn mid-November,IHS Markit signed up with Lukkaand agreed to bundle the cryptocurrency software company
**Last 60 Days of Bitcoin's Closing Prices:**
[10793.34, 10604.41, 10668.97, 10915.69, 11064.46, 11296.36, 11384.18, 11555.36, 11425.90, 11429.51, 11495.35, 11322.12, 11358.10, 11483.36, 11742.04, 11916.33, 12823.69, 12965.89, 12931.54, 13108.06, 13031.17, 13075.25, 13654.22, 13271.29, 13437.88, 13546.52, 13781.00, 13737.11, 13550.49, 13950.30, 14133.71, 15579.85, 15565.88, 14833.75, 15479.57, 15332.32, 15290.90, 15701.34, 16276.34, 16317.81, 16068.14, 15955.59, 16716.11, 17645.41, 17804.01, 17817.09, 18621.31, 18642.23, 18370.00, 18364.12, 19107.46, 18732.12, 17150.62, 17108.40, 17717.41, 18177.48, 19625.84, 18803.00, 19201.09, 19445.40]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2020-12-04
**Financial & Commodity Data:**
- Gold Closing Price: $1835.90
- Crude Oil Closing Price: $46.26
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $361,438,443,641
- Hash Rate: 137132255.0450689
- Transaction Count: 318894.0
- Unique Addresses: 729984.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.92
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: For this special Halloween edition, CoinDesk Executive Editor Marc Hochstein weighs in with a guest column about the spookier aspects of the banking system.
It’s a perfect follow-up tolast week’s newsletteron the harmful legacy of the U.S. Bank Secrecy Act.
Before you dig into it, let me remind you to check out this week’s Money Reimagined podcast.
Related:Crypto Is Less Scary Than Halloween
In this episode, Sheila Warren and I interview the newly reelected premier of Bermuda, David Burt, who is spearheading projects to use the island as a testing ground for stablecoins and to launch a communally-owned national digital bank.
–Michael J. Casey
With Halloween and the12th anniversaryof the Bitcoin white paper approaching, it’s an apt moment to consider a classic horror trope through a monetary lens.
“Who are the real monsters?”
Related:Blockchain Bites: Ripple's MoneyGram Pump, OKEx's Bitcoin Cash Plan, Bitcoin's Birthday
FromMary Shelley’s “Frankenstein”toGeorge Romero’s “Night of the Living Dead,”to Jordan Peele’s “Us,” some of the scariest tales suggest that “normal” people are more nefarious than the nominal bogeymen. This is a useful way to think about the allegedly abominable qualities of cryptocurrency when compared to the incumbent institutions it challenges – and thesupposedly safer visionsthey are now putting forth.
Since CoinDesk is a family publication, I won’t go into the details of those gory fictional works. Besides, because there’s an element of farce here as well, I’ve got an even better seasonally appropriate metaphor: “The Munsters.”
For the 99% of readers too young to remember, this was a 1960s sitcom about an eccentric family who live in a cobwebbed mansion and resemble iconic movie monsters. The patriarch, Herman Munster, is a dead ringer (ahem) for Frankenstein’s monster, his wife and father-in-law are vampires, his son a werewolf. They’re a friendly bunch but never quite understand why the neighbors act so strangely around them.
The most important character for this discussion is Marilyn, Herman’s teenage niece. She isn’t a monster at all; she’s the archetypal Girl Next Door. The running gag is that the other Munsters pity Marilyn for her looks, and even she somehow blames herself when boyfriends run away screaming upon meeting her relatives.
Just like Marilyn Munster, the Bitcoin network is a wholesome outlier among the frightening creatures of the legacy financial system.
The cryotocurrency’s chief value proposition,censorship resistance, is not a radical departure from tradition as sometimes implied. On the contrary, it’s the way money’s been since the days ofcowrie shells. All Bitcoin did wasrestoreit for transactions over the internet.
You go to a butcher shop, you hand a few banknotes to the guy behind the counter, he gives you a steak. No third party who thinks you should be eating soy instead can veto the transaction. That’s normal.
What’s abnormal is busybody A pressuring intermediary B to prevent individuals C and D from transacting, even lawfully. Even more abnormal is moving to a world where every last C and D has no choice but to rely on a B and therefore lives at the mercy of the As.
None of this is to say that intermediaries are going away, nor that they should. They can add value. The problem is having no choice but to use one, which makes them choke points to be exploited by scolds and tyrants.
Possessed, like Linda Blair in “The Exorcist,” you might say.
Another characteristicbitcoin(loyalists to other crypto tribes may substitute the asset of their choice) shares with older forms of money, and not the electronic kind that sits in your bank account, is that it is abearer asset. Like cash, once you lose it, it’s gone, and it’s the holder’s burden to keep it secure through careful storage of their cryptographic private keys.
Yes, this is scary, as many crypto investors can attest. But also scary is cops seizing assets of people whohaven’t been charged with a crimeandputting the burden onthemto prove an asset wasn’t involved in a crime. What’s even more terrifying is moving to a world where ALL money is held at intermediaries who must comply with such a regime.
In this context, the advantage of a bearer asset secured with public-key cryptography is that the authorities cannot unilaterally seize someone’s funds by subpoenaing a bank. They need the key holder to cooperate, even if under duress. As I’ve written before, this “claws back a modicum of power for the individual” from the lurking Leviathan.
One more commonality with cash is that bitcoin requires no personally identifiable information to handle – at least, the basic open-source software doesn’t, even if regulated exchanges demand it.
The pseudonymity of alphanumeric addresses, along with the aforementioned resistance to seizure and censorship, go a long way toward explaining the technology’s popularity among criminals and other unsavory types.
“Current terrorist use of cryptocurrency may represent the first raindrops of an oncoming storm of expanded use,” warned a recentreportby a U.S. Department of Justice task force. The laundering of illicit funds, the report pointed out, “can be substantially easier when the movement of funds takes place online and anonymously.” That’s enough to give anyone goosebumps.
But remember that the demand forlegibilityof financial flows is a modern phenomenon. The U.S. Bank Secrecy Act only just turned 50 (withmixed results at best, as Michael J. Casey wrote last week). Depending on how you define it, money has been around for as long as5,000 years.
Legibility is the aberration. Legibility is an ongoing experiment.
That experiment has spawned its own terrors. Consumers in today’s digital world must entrust sensitive personal data to an untold number of hackable organizations,Equifaxes-in-waiting.
Even more chillingly, the powers-that-be want to double down. U.S. regulators recentlyproposed lowering the thresholdfor the “travel rule” to $250 from $3,000 for international money transfers. Under the travel rule, if you wire someone money, not only does your bank know yourname, account number and address, so must the recipient’s bank, and it keeps a record for five years. And if you receive money, there’s a chance the sender’s bank has your name and address as well. Perhaps this makes sense for high-roller transactions, but $250?
Also, note that $3,000 in 1996,the year the travel rule was created, is equivalent to nearly $5,000in today’s dollars.
So even if the regulators don’t follow through on their proposal to lower the threshold for international wires, it’s already been happening in slow motion, thanks to inflation. Every year the dragnet widens a bit automatically, just as it has for thecash transaction reportsbanks file to the government.
The upshot is that, by default, more and more personal information is likely to be captured over time.
And that brings us to the last way bitcoin is a return to form rather than a deviation, although this one is perhaps the most controversial.
While its exchange rate with the dollar fluctuates wildly from minute to minute, over time bitcoin has appreciated mightily in value. To detractors, the short-term volatility makes it useless as a currency; to proponents, the long-term appreciation and hard supply cap make it the ideal currency, one thatincentivizes saving.
They have a point. “A penny saved is a penny earned.” That’s normal. Or was – it’s the kind of thing you hear parents say in black-and-white sitcoms.
“Stop whining about low interest rates, hoarder. It’syour patriotic dutyto blow your discretionary income at the mall or wager it onstonks, we need to keep the economy moving.” That’s the stuff of nightmares.
– Marc Hochstein
As the price of bitcoin has surged higher in recent months, a string of listed companies has announced they are engaging with the cryptocurrency. On Aug. 11, business intelligence firm MicroStrategybought a whopping $250 million worth of bitcoinbeforeadding another $175 millionon Sept. 15. Three weeks later, payments company Squareput $50 millioninto the cryptocurrency. Then, on Wednesday last week, U.K.-listed fintech firm Mode Global Holdings revealed a “significant purchase” of bitcoinfor treasury management purposes andPayPal confirmed it would enable bitcoin transactionson its payments app.
In the first three cases, the companies essentially embraced the thinking of many bitcoin bulls, treating the cryptocurrency as a “digital gold” hedge with which to protect their liquid assets against future monetary stress. With PayPal, the action was likely more geared toward leveraging an anticipated rise in public demand for bitcoin. For all four, the announcements boosted the companies’ stock prices.
There have essentially been two reactions to these moves.
One camp saw them as smart, proactive steps to front-run a trend toward wider mainstream acceptance. That view holds that at least some amount of bitcoin belongs in everyone’s investment portfolio because it functions as a valuable, uncorrelated asset and that this is now of greater relevance as uncertainty grows around the future of the global financial system. The other camp saw it as a rather cheap, even cynical move to piggyback on bitcoin’s current rising price to boost the firm’s stock price. As of late Thursday, New York time, bitcoin was up 21% from the end of July and up 17% from two weeks earlier.
A chicken-and-egg problem complicates the assessment of these two perspectives. These high-profile announcements were not neutral; they directly contributed to bitcoin’s price gains and elevated the conversation around its relevance in hedging strategies. In turn, that boosted these companies’ valuations – especially of MicroStrategy, whose bet was so large that the rising price in BTC materially increased its book value.
But bitcoin is, of course, just one of a number of factors that will affect these companies’ share price, and a small one at that. So with that in mind...
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
19154.23, 19345.12, 19191.63, 18321.14, 18553.92, 18264.99, 18058.90, 18803.66, 19142.38, 19246.64
|
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Bitcoin , BTC to USD, fell by 4.10% on Friday. Reversing a 1.14% gain from Thursday, Bitcoin ended the day at $18,652.0. It was a mixed start to the day. Bitcoin rose to an early morning intraday high $19,550.0 before hitting reverse. Falling short of the first major resistance level at $19,751, Bitcoin slid to a mid-day low $18,701.0. The sell-off saw Bitcoin fall through the first major support level at $19,023 and the second major support level at $18,598. Through the afternoon, Bitcoin briefly revisited $19,150 levels before sliding back into the deep red. The brief recovery had seen Bitcoin move back through the support levels before the 2 nd sell-off. Bitcoin fell back through the first and second major support levels to a late intraday low $18,600.0. Late in the day, however, Bitcoin moved back through the second major resistance level to end the day at $18,650 levels. The near-term bullish trend remained intact, in spite of the latest pullback to $19,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $10,095 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was a mixed day on Friday. Bitcoin Cash SV rose by 3.29% to buck the trend on the day. It was a bearish day for the rest of the majors, however. Cardano’s ADA (-9.89%), Chainlink (-9.39%), Litecoin (-10.68%), and Ripple’s XRP (-12.07%) led the way down. Binance Coin (-5.43%), Ethereum (-7.93%), and Polkadot (-3.40%) also struggled. Crypto.com Coin saw a more modest 2.29% loss on the day. In the current week, the crypto total market cap rose to a Tuesday high $589.96bn before falling to a Tuesday low $525.17bn. At the time of writing, the total market cap stood at $545.60bn. Bitcoin’s dominance fell to a Monday low 62.55% before rising to a Friday high 64.16%. At the time of writing, Bitcoin’s dominance stood at 63.89%. This Morning At the time of writing, Bitcoin was up by 0.62% to $18,767.7. A mixed start to the day saw Bitcoin fall to an early morning low $18,498.0 before rising to a high $18,795.0. Story continues Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was a mixed start to the day. Binance Coin (-0.14%), Crypto.com Coin (-1.25%), and Polkadot (-0.30%) saw red to buck the trend early on. It was a bullish start for the rest of the majors, however. At the time of writing, Ripple’s XRP was up by 3.01% to lead the way. For the Bitcoin Day Ahead Bitcoin would need to move through the pivot level at $18,934 to bring the first major resistance level at 19,268 into play. Support from the broader market would be needed for Bitcoin to break back through to $19,000 levels. Barring an extended crypto rally, the first major resistance level and resistance at $19,500 would likely cap any upside. In the event of a crypto breakout, Bitcoin could test resistance at $20,000 before any pullback. The second major resistance level sits at $19,884. Failure to move through the $18,934 pivot would bring the first major support level at $18,318 into play. Barring another extended crypto sell-off, Bitcoin should steer clear of sub-$18,000 levels. The second major support level sits at $17,984. This article was originally posted on FX Empire More From FXEMPIRE: S&P 500 Weekly Price Forecast – Look Ready to Make the Next Move USD/JPY Weekly Price Forecast – US Dollar Sideways Against Yen USD/CAD Daily Forecast – Canadian Dollar Rallies Ahead Of The Weekend The Weekly Wrap – COVID-19 Vaccine and Brexit Updates and Economic Data were in Focus Gold Price Prediction – Prices Consolidate as Yields Rise Despite Weak Payroll Report Silver Weekly Price Forecast – Silver Bounces From Major Support', 'Bitcoin , BTC to USD, fell by 4.10% on Friday. Reversing a 1.14% gain from Thursday, Bitcoin ended the day at $18,652.0. It was a mixed start to the day. Bitcoin rose to an early morning intraday high $19,550.0 before hitting reverse. Falling short of the first major resistance level at $19,751, Bitcoin slid to a mid-day low $18,701.0. The sell-off saw Bitcoin fall through the first major support level at $19,023 and the second major support level at $18,598. Through the afternoon, Bitcoin briefly revisited $19,150 levels before sliding back into the deep red. The brief recovery had seen Bitcoin move back through the support levels before the 2 nd sell-off. Bitcoin fell back through the first and second major support levels to a late intraday low $18,600.0. Late in the day, however, Bitcoin moved back through the second major resistance level to end the day at $18,650 levels. The near-term bullish trend remained intact, in spite of the latest pullback to $19,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $10,095 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was a mixed day on Friday. Bitcoin Cash SV rose by 3.29% to buck the trend on the day. It was a bearish day for the rest of the majors, however. Cardano’s ADA (-9.89%), Chainlink (-9.39%), Litecoin (-10.68%), and Ripple’s XRP (-12.07%) led the way down. Binance Coin (-5.43%), Ethereum (-7.93%), and Polkadot (-3.40%) also struggled. Crypto.com Coin saw a more modest 2.29% loss on the day. In the current week, the crypto total market cap rose to a Tuesday high $589.96bn before falling to a Tuesday low $525.17bn. At the time of writing, the total market cap stood at $545.60bn. Bitcoin’s dominance fell to a Monday low 62.55% before rising to a Friday high 64.16%. At the time of writing, Bitcoin’s dominance stood at 63.89%. This Morning At the time of writing, Bitcoin was up by 0.62% to $18,767.7. A mixed start to the day saw Bitcoin fall to an early morning low $18,498.0 before rising to a high $18,795.0. Story continues Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was a mixed start to the day. Binance Coin (-0.14%), Crypto.com Coin (-1.25%), and Polkadot (-0.30%) saw red to buck the trend early on. It was a bullish start for the rest of the majors, however. At the time of writing, Ripple’s XRP was up by 3.01% to lead the way. For the Bitcoin Day Ahead Bitcoin would need to move through the pivot level at $18,934 to bring the first major resistance level at 19,268 into play. Support from the broader market would be needed for Bitcoin to break back through to $19,000 levels. Barring an extended crypto rally, the first major resistance level and resistance at $19,500 would likely cap any upside. In the event of a crypto breakout, Bitcoin could test resistance at $20,000 before any pullback. The second major resistance level sits at $19,884. Failure to move through the $18,934 pivot would bring the first major support level at $18,318 into play. Barring another extended crypto sell-off, Bitcoin should steer clear of sub-$18,000 levels. The second major support level sits at $17,984. This article was originally posted on FX Empire More From FXEMPIRE: S&P 500 Weekly Price Forecast – Look Ready to Make the Next Move USD/JPY Weekly Price Forecast – US Dollar Sideways Against Yen USD/CAD Daily Forecast – Canadian Dollar Rallies Ahead Of The Weekend The Weekly Wrap – COVID-19 Vaccine and Brexit Updates and Economic Data were in Focus Gold Price Prediction – Prices Consolidate as Yields Rise Despite Weak Payroll Report Silver Weekly Price Forecast – Silver Bounces From Major Support', 'A new crypto outlook from Bloomberg suggests BTC could reach $50,000 in 2021, topping off a month of major institutional momentum for the asset.\nFormore episodesand free early access before our regular 3 p.m. Eastern time releases, subscribe withApple Podcasts,Spotify,Pocketcasts,Google Podcasts,Castbox,Stitcher,RadioPublica,iHeartRadioorRSS.\nThis episode is sponsored byCrypto.com,Nexo.ioand this week’s special product launch,Allnodes.\nRelated:Crypto Long & Short: Why Some Investors Get Bitcoin So Wrong, and What That Says About Its Strengths\nDownload this episode\n• Being driven by institutional investors\n• Shifting the center of the industry from East Asia to North America\n• Winning converts from major research houses and institutions\n• Driving the price ofbitcointo new all-time highs\n• Monday |Bitcoin Hits a New All-Time High: What Happens Next?\n• Tuesday |Why a $631B Asset Manager Just Changed Its Mind on Bitcoin\n• Wednesday |Josh Brown on Bitcoin’s ‘Respectability Rally’ and Why We’ll See Dow 100,000 in Our Lifetime\n• Thursday |Why Stablecoins Are the First Battleground of the Coming Crypto Regulation Wars\n• Friday |A ‘Santa Claus Rally’ for the Stock Market?\nFormore episodesand free early access before our regular 3 p.m. Eastern time releases, subscribe withApple Podcasts,Spotify,Pocketcasts,Google Podcasts,Castbox,Stitcher,RadioPublica,iHeartRadioorRSS.\n• $50K BTC in 2021? Bloomberg Analysts Join the ‘Traditional Onslaught’ Driving Bitcoin’s Rally\n• $50K BTC in 2021? Bloomberg Analysts Join the ‘Traditional Onslaught’ Driving Bitcoin’s Rally\n• $50K BTC in 2021? Bloomberg Analysts Join the ‘Traditional Onslaught’ Driving Bitcoin’s Rally', 'A new crypto outlook from Bloomberg suggests BTC could reach $50,000 in 2021, topping off a month of major institutional momentum for the asset.\nFormore episodesand free early access before our regular 3 p.m. Eastern time releases, subscribe withApple Podcasts,Spotify,Pocketcasts,Google Podcasts,Castbox,Stitcher,RadioPublica,iHeartRadioorRSS.\nThis episode is sponsored byCrypto.com,Nexo.ioand this week’s special product launch,Allnodes.\nRelated:Crypto Long & Short: Why Some Investors Get Bitcoin So Wrong, and What That Says About Its Strengths\nDownload this episode\n• Being driven by institutional investors\n• Shifting the center of the industry from East Asia to North America\n• Winning converts from major research houses and institutions\n• Driving the price ofbitcointo new all-time highs\n• Monday |Bitcoin Hits a New All-Time High: What Happens Next?\n• Tuesday |Why a $631B A
**Last 60 Days of Bitcoin's Closing Prices:**
[10604.41, 10668.97, 10915.69, 11064.46, 11296.36, 11384.18, 11555.36, 11425.90, 11429.51, 11495.35, 11322.12, 11358.10, 11483.36, 11742.04, 11916.33, 12823.69, 12965.89, 12931.54, 13108.06, 13031.17, 13075.25, 13654.22, 13271.29, 13437.88, 13546.52, 13781.00, 13737.11, 13550.49, 13950.30, 14133.71, 15579.85, 15565.88, 14833.75, 15479.57, 15332.32, 15290.90, 15701.34, 16276.34, 16317.81, 16068.14, 15955.59, 16716.11, 17645.41, 17804.01, 17817.09, 18621.31, 18642.23, 18370.00, 18364.12, 19107.46, 18732.12, 17150.62, 17108.40, 17717.41, 18177.48, 19625.84, 18803.00, 19201.09, 19445.40, 18699.77]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2020-12-05
**Financial & Commodity Data:**
- Gold Closing Price: $1835.90
- Crude Oil Closing Price: $46.26
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $361,438,443,641
- Hash Rate: 137132255.0450689
- Transaction Count: 282599.0
- Unique Addresses: 642981.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.93
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: ShapeShift, the Colorado-based cryptocurrency exchange that allows users to self-custody their assets, has delisted another privacy coin. Zcash has been removed from the trading platform in addition to monero and dash . Decrypt reported last Friday that XMR and DASH had been quietly removed; the delisting of ZEC was not noted. Weve taken down the privacy coins because of their regulatory concerns, Veronica McGregor, ShapeShifts chief legal officer, told CoinDesk in an interview. At least for the moment, were not working with those coins. Related: Volume Surge Brings 25% Turnover to 'CoinDesk 20' XMR, DASH and ZEC were delisted at the same time for the same reason to further derisk the company from a regulatory standpoint, McGregor wrote in a follow-up email. ZECs removal is somewhat notable because the company invested in the Electric Coin Company, one of the creators of zcash, in 2016, and listed ZEC that October . ShapeShift has become increasingly cognizant of regulators, despite its founder once having a reputation as a rebel and libertarian . Formerly, the platform allowed crypto trading without any kind of account or login, but in September 2018 ShapeShift began requiring customers to reveal their identities to the exchange. Later that month, it faced scrutiny after a Wall Street Journal report alleged that ShapeShift had been widely used for money laundering (ShapeShift strongly refuted the claims ). Privacy coins and bank cops Related: Market Wrap: Bitcoin Jumps to $14.2K; Ethereum Gas Usage Grows 113% YTD A September report from the law firm Perkins Coie about privacy-enabling cryptocurrencies noted that XMR is a cryptocurrency which is private by default, in that all transactions are made so that only the sender and receiver should know who participated. ZEC and DASH both make privacy optional. Read more: Monero and Zcash Conferences Showcase Their Differences (and Links) Story continues Peter Van Valkenburgh is director of research at Coin Center and a member of the Zcash Foundation board. He explained to CoinDesk in a phone call that guidance from the U.S. Financial Crimes Enforcement Network, or FinCEN, basically says, you have to make sure you are taking reasonable steps from a cost-benefit analysis to stop the proceeds from crime from flowing through your institution. Because many cryptocurrencies, such as bitcoin , make all transactions and balances public, he explained, working with blockchain surveillance firms like Chainalysis or Elliptic can be enough to be seen as taking reasonable steps. That said, privacy-preserving cryptocurrencies will be treated, Van Valkenburgh said, like someone who shows up at a bank with a large bag of cash. They may be subject to greater scrutiny or more thorough background checks (as possible examples). To my knowledge, FinCEN has fairly clearly articulated to regulated crypto companies that there is a way to comply, just as banks deal with cash, Van Valkenburgh said. Read more: SEC, CFTC, FinCEN Warn Crypto Industry to Follow US Banking Laws Though he also offered the caveat that a particular agency or a particular regulators zeal can be enough to discourage a company from engaging in a line of business, even if no action is taken against them. The Bank Secrecy Act is extremely broad. It affords prosecutors and regulators with a whole lot of powers, he said. That vagueness about our financial surveillance laws to me is problematic. CoinDesk reached out to other U.S. crypto exchanges that list privacy coins but did not receive responses by press time. Ian Allison contributed reporting. Correction (Nov. 10, 19:39 UTC): Corrects the date of when ShapeShift was featured in a Wall Street Journal report on alleged money laundering. Also adds links to ShapeShifts refutations of the WSJ report. Related Stories ShapeShift Delists Privacy Coin Zcash Over Regulatory Concerns ShapeShift Delists Privacy Coin Zcash Over Regulatory Concerns...
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
19345.12, 19191.63, 18321.14, 18553.92, 18264.99, 18058.90, 18803.66, 19142.38, 19246.64, 19417.08
|
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Bitcoin, BTC to USD, rose by 2.72% on Saturday. Partially reversing a 4.10% slide from Friday, Bitcoin ended the day at $19,159.0.\nIt was a mixed start to the day. Bitcoin slid to an early morning intraday low $18,498.0 before making a move.\nSteering clear of the first major support level at $18,318, Bitcoin rallied to a late morning intraday high $19,182.0.\nFalling short of the first major resistance level at $19,268, Bitcoin fell back to sub-$19,000 levels.\nAvoiding a fall back through the pivot level at $18,943, Bitcoin bounced back to $19,100 levels to close out the day in the green.\nThe near-term bullish trend remained intact, in spite of the latest pullback to sub-$19,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $10,095 to form a near-term bearish trend.\nAcross the rest of the majors, it was a mixed day on Saturday.\nCrypto.com Coinfell by 0.62% to buck the trend on the day.\nIt was a bullish day for the rest of the majors.\nCardano’s ADAled the way, rallying by 7.92%.\nEthereum(+5.20%),Litecoin(+5.37%), andRipple’s XRP(+5.93%) also found strong support.\nBinance Coin(+2.31%),Bitcoin Cash SV(+3.00%),Chainlink(+3.79%), and Polkadot (+0.92%) trailed the front runners, however.\nIn the current week, the crypto total market cap rose to a Tuesday high $589.96bn before falling to a Tuesday low $525.17bn. At the time of writing, the total market cap stood at $562.33bn.\nBitcoin’s dominance fell to a Monday low 62.55% before rising to a Friday high 64.17%. At the time of writing, Bitcoin’s dominance stood at 63.50%.\nAt the time of writing, Bitcoin was up by 0.44% to $19,244.1. A bullish start to the day saw Bitcoin rally from an early morning low $19,156.0 to a high $19,272.0.\nBitcoin left the major support and resistance levels untested early on.\nElsewhere, it was a mixed start to the day.\nPolkadot was down by 0.34% to buck the trend early on.\nIt was a bullish start for the rest of the majors, however.\nAt the time of writing, Litecoin was up by 1.53% to lead the way.\nBitcoin would need to avoid a fall through the pivot level at $18,946 to bring the first major resistance level at $19,395 into play.\nSupport from the broader market would be needed for Bitcoin to break back through to $19,300 levels.\nBarring an extended crypto rally, the first major resistance level and resistance at $19,500 would likely cap any upside.\nIn the event of a crypto breakout, Bitcoin could test resistance at $20,000 before any pullback. The second major resistance level sits at $19,630.\nA fall through the $18,946 pivot would bring the first major support level at $18,711 into play.\nBarring an extended crypto sell-off, Bitcoin should continue to steer clear of sub-$18,000 levels. The second major support level at $18,262 should limit any downside.\nThisarticlewas originally posted on FX Empire\n• The Weekly Wrap – COVID-19 Vaccine and Brexit Updates and Economic Data were in Focus\n• Natural Gas Price Forecast – Natural Gas Markets Find Support\n• S&P 500 Price Forecast – Stock Markets Break to Fresh New Highs\n• S&P 500 Weekly Price Forecast – Look Ready to Make the Next Move\n• Natural Gas Price Prediction – Prices Rebound After Thursday’s Wipeout\n• Silver Price Forecast – Silver Markets Continue to Stall', 'Bitcoin , BTC to USD, rose by 2.72% on Saturday. Partially reversing a 4.10% slide from Friday, Bitcoin ended the day at $19,159.0. It was a mixed start to the day. Bitcoin slid to an early morning intraday low $18,498.0 before making a move. Steering clear of the first major support level at $18,318, Bitcoin rallied to a late morning intraday high $19,182.0. Falling short of the first major resistance level at $19,268, Bitcoin fell back to sub-$19,000 levels. Avoiding a fall back through the pivot level at $18,943, Bitcoin bounced back to $19,100 levels to close out the day in the green. The near-term bullish trend remained intact, in spite of the latest pullback to sub-$19,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $10,095 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was a mixed day on Saturday. Crypto.com Coin fell by 0.62% to buck the trend on the day. It was a bullish day for the rest of the majors. Cardano’s ADA led the way, rallying by 7.92%. Ethereum (+5.20%), Litecoin (+5.37%), and Ripple’s XRP (+5.93%) also found strong support. Binance Coin (+2.31%), Bitcoin Cash SV (+3.00%), Chainlink (+3.79%), and Polkadot (+0.92%) trailed the front runners, however. In the current week, the crypto total market cap rose to a Tuesday high $589.96bn before falling to a Tuesday low $525.17bn. At the time of writing, the total market cap stood at $562.33bn. Bitcoin’s dominance fell to a Monday low 62.55% before rising to a Friday high 64.17%. At the time of writing, Bitcoin’s dominance stood at 63.50%. This Morning At the time of writing, Bitcoin was up by 0.44% to $19,244.1. A bullish start to the day saw Bitcoin rally from an early morning low $19,156.0 to a high $19,272.0. Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was a mixed start to the day. Polkadot was down by 0.34% to buck the trend early on. Story continues It was a bullish start for the rest of the majors, however. At the time of writing, Litecoin was up by 1.53% to lead the way. For the Bitcoin Day Ahead Bitcoin would need to avoid a fall through the pivot level at $18,946 to bring the first major resistance level at $19,395 into play. Support from the broader market would be needed for Bitcoin to break back through to $19,300 levels. Barring an extended crypto rally, the first major resistance level and resistance at $19,500 would likely cap any upside. In the event of a crypto breakout, Bitcoin could test resistance at $20,000 before any pullback. The second major resistance level sits at $19,630. A fall through the $18,946 pivot would bring the first major support level at $18,711 into play. Barring an extended crypto sell-off, Bitcoin should continue to steer clear of sub-$18,000 levels. The second major support level at $18,262 should limit any downside. This article was originally posted on FX Empire More From FXEMPIRE: The Weekly Wrap – COVID-19 Vaccine and Brexit Updates and Economic Data were in Focus Natural Gas Price Forecast – Natural Gas Markets Find Support S&P 500 Price Forecast – Stock Markets Break to Fresh New Highs S&P 500 Weekly Price Forecast – Look Ready to Make the Next Move Natural Gas Price Prediction – Prices Rebound After Thursday’s Wipeout Silver Price Forecast – Silver Markets Continue to Stall', 'Coinbase announced Saturday it plans to support an upcoming airdrop that has been seen as a factor inboosting XRP’s pricein recent weeks.\nThe San Francisco-based exchange said in ablog postthat Coinbase customers withXRPbalances as of midnight UTC on Dec. 12, 2020, will receive Spark tokens from Coinbase at a later date.\n“The amount of Spark you’ll receive depends on how much XRP you had in your account at the snapshot time,” Coinbase wrote. Details about the airdrop will be posted this week, a company spokesperson told CoinDesk.\nRelated:Market Wrap: Bitcoin Dips Below $19,000 as Ether Options Volume Drops\nSpark is the native token of theFlare Network, a system meant to bring Ethereum-like functionality to the XRP Ledger.\n“Flare’s token, Spark is created through what may be the first-ever utility fork whereby the origin network, in this case the XRP Ledger, benefits through increased utility,” the team behind the smart-contract projectwrote in August.\nXRP is up nearly 10% over the last 24 hours as of press time, according toCoinDesk data.\n“Supporting new networks and their projects is important for not only meeting customer interest, but also the continued growth of the crypto ecosystem,” said Coinbase spokesperson Crystal Yang.\n• Coinbase to Support Spark Token Airdrop to XRP Holders\n• Coinbase to Support Spark Token Airdrop to XRP Holders\n• Coinbase to Support Spark Token Airdrop to XRP Holders', 'Coinbase announced Saturday it plans to support an upcoming airdrop that has been seen as a factor in boosting XRP’s price in recent weeks. The San Francisco-based exchange said in a blog post that Coinbase customers with XRP balances as of midnight UTC on Dec. 12, 2020, will receive Spark tokens from Coinbase at a later date. “The amount of Spark you’ll receive depends on how much XRP you had in your account at the snapshot time,” Coinbase wrote. Details about the airdrop will be posted this week, a company spokesperson told CoinDesk. Related: Market Wrap: Bitcoin Dips Below $19,000 as Ether Options Volume Drops Spark is the native token of the Flare Network , a system meant to bring Ethereum-like functionality to the XRP Ledger. “Flare’s token, Spark is created through what may be the first-ever utility fork whereby the origin network, in this case the XRP Ledger, benefits through increased utility,” the team behind the smart-contract project wrote in August . XRP is up nearly 10% over the last 24 hours as of press time, according to CoinDesk data . “Supporting new networks and their projects is important for not only meeting customer interest, but also the continued growth of the crypto ecosystem,” said Coinbase spokesperson Crystal Yang. Related Stories Coinbase to Support Spark Token Airdrop to XRP Holders Coinbase to Support Spark Token Airdrop to XRP Holders Coinbase to Support Spark Token Airdrop to XRP Holders', 'The well-known economic historian connects the dots between bitcoin and CBDCs in the COVID-19 money era.\nFormore episodesand free early access before our regular 3 p.m. Eastern time releases, subscribe withApple Podcasts,Spotify,Pocketcasts,Google Podcasts,Castbox,Stitcher,RadioPublica,iHeartRadioorRSS.\nThis episode is sponsored byCrypto.com,Nexo.ioand this week’s special product launch,Allnodes.\nRelated:Hong Kong in Talks With PBOC on Digital Yuan Trial
**Last 60 Days of Bitcoin's Closing Prices:**
[10668.97, 10915.69, 11064.46, 11296.36, 11384.18, 11555.36, 11425.90, 11429.51, 11495.35, 11322.12, 11358.10, 11483.36, 11742.04, 11916.33, 12823.69, 12965.89, 12931.54, 13108.06, 13031.17, 13075.25, 13654.22, 13271.29, 13437.88, 13546.52, 13781.00, 13737.11, 13550.49, 13950.30, 14133.71, 15579.85, 15565.88, 14833.75, 15479.57, 15332.32, 15290.90, 15701.34, 16276.34, 16317.81, 16068.14, 15955.59, 16716.11, 17645.41, 17804.01, 17817.09, 18621.31, 18642.23, 18370.00, 18364.12, 19107.46, 18732.12, 17150.62, 17108.40, 17717.41, 18177.48, 19625.84, 18803.00, 19201.09, 19445.40, 18699.77, 19154.23]
Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2020-12-06
**Financial & Commodity Data:**
- Gold Closing Price: $1835.90
- Crude Oil Closing Price: $46.26
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $354,604,871,888
- Hash Rate: 129513796.43145394
- Transaction Count: 258624.0
- Unique Addresses: 582059.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.95
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Industry leaders including Ethereum co-founder Anthony Di Iorio, serial entrepreneur Erik Voorhees, investor and founder William Quigley, and Atari CEO Fred Chesnais will discuss latest investment trends, including DeFi, NFTs, dapps, DEXs, and the current bitcoin bull market LAS VEGAS, Oct. 23, 2020 (GLOBE NEWSWIRE) -- ( via Blockchain Wire ) - CoinAgenda ( www.coinagenda.com ), the premier global conference series for connecting investors, traders, family offices and digital currency funds with top entrepreneurs in blockchain and cryptocurrency since 2014, today announced its initial line of speakers for this year’s CoinAgenda Global conference, being held virtually on October 28-29, 2020. CoinAgenda will span two days, with the first day consisting of up to 30 companies (a mix of Angel and VC investments and tokens trading on exchanges) pitching in a demo day environment. On day two, CoinAgenda’s main sessions will feature fireside chats with four prominent industry leaders: Erik Voorhees, CEO and founder of ShapeShift; Ethereum co-founder and Decentral founder/CEO Anthony Di Iorio; William Quigley, Managing Director at Magnetic and co-founder of WAX.io; and Fred Chesnais, CEO at Atari. Panels will focus on legal, regulatory and jurisdictional issues involved with starting and investing in blockchain companies as well as the rise of DeFi and investing in non-fungible tokens (NFTs). The event will include open and private virtual networking sessions. Other confirmed speakers include: Douglas Horn, Whitepaper Author and Chief Architect at Telos Piers Ridyard, Chief Executive Officer at Radix Enzo Villani, CEO and Chief Investment Officer at Alpha Sigma Capital Irina Litchfield, Founding Advisor at ABE Global John Hargrave, CEO at Media Shower and co-author with Evan Karnoupakis for newly launched book “Blockchain Success Stories” Min Kim, Founder at ICON Project Olga Feldmeier, CEO at Smartvalor.com Scott Purcell, Founder & CEO at Prime Trust Zachary Kelman, Managing Partner at Kelman Law PLLC Alex Mashinsky, CEO of Celsius.Network Tim Frost, CEO of YIELD App Bill Barhydt, Founder of Abra Josh Lawler, Partner at Zuber Lawler Jordan French, Executive Editor at Grit Daily News Ricky Dodds, Strategy and Communication Lead at ICON Foundation Lionel Iruke, Managing Partner at Empire Global Partners Malcolm Tan, Founder at Gravitas International Warren Whitlock, CEO at Stirling Corp Joel Comm, Co Host of The Bad Crypto Podcast Manny Alicandro, Partner at DeLucia, Mlynar & Alicandro LLP James Gillingham, CEO at Finxflo Dirk Lueth, Co-founder of Uplandme, Inc. Story continues CoinAgenda tickets are currently on sale. To register or for sponsor inquiries, visit www.coinagenda.com . ABOUT COINAGENDA CoinAgenda is the premier global conference series for connecting blockchain and cryptocurrency investors with startups since 2014. CoinAgenda has held conferences in North America, Europe, and Asia, with its global conference happening each October in Las Vegas. CoinAgenda’s startup competition winners include Aeternity, Bancor, Cashbet, Omega One, SALT Lending, and Qtum. These companies have collectively raised more than $500 million with a combined market cap of $10 billion. CONTACT: CoinAgenda Media [email protected]...
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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19191.63, 18321.14, 18553.92, 18264.99, 18058.90, 18803.66, 19142.38, 19246.64, 19417.08, 21310.60
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Bitcoin , BTC to USD, rose by 1.31% on Sunday. Following on from a 2.72% gain on Saturday, Bitcoin ended the week up by 6.67% to $19,410.0. It was a mixed start to the day. Bitcoin rose to an early morning high $19,344.0 before hitting reverse. Falling short of the first major resistance level at $13,395, Bitcoin slid to an early afternoon intraday low $18,905.0. Steering clear of the first major support level at $18,711, however, Bitcoin rallied to a final hour intraday high $19,463.0. Bitcoin broke through the first major resistance level at $19,395 to wrap up the day at $19,400 levels. The near-term bullish trend remained intact, supported by the latest recovery to $19,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $10,095 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was a mixed day on Sunday. Binance Coin (-0.73%), Cardano’s ADA (-0.68%), Crypto.com Coin (-0.31%), and Polkadot (-2.20%) saw red to buck the trend on the day. It was a bullish day for the rest of the majors, however. Ripple’s XRP rallied by 6.24% to lead the way, with Chainlink (+2.67%) and Bitcoin Cash SV (+1.51%) finding strong support. Ethereum (+0.78%) and Litecoin (+0.52%) trailed the front runners, however. It was also a mixed week for the majors. Binance Coin (-1.94%), Cardano’s ADA (-4.75%), Crypto.com Coin (-4.08%), and Polkadot (-7.31%) saw red for the week. It was a bullish week for the rest of the majors, however. Bitcoin Cash SV (+7.75%), Chainlink (+0.97%), Ethereum (+4.34%), Litecoin (+5.86%), and Ripple’s XRP (+2.69%) joined Bitcoin in the green. In the week, the crypto total market cap rose to a Tuesday high $589.96bn before falling to a Tuesday low $525.17bn. At the time of writing, the total market cap stood at $562.79bn. Bitcoin’s dominance fell to a Monday low 62.55% before rising to a Friday high 64.17%. At the time of writing, Bitcoin’s dominance stood at 63.63%. Story continues This Morning At the time of writing, Bitcoin was down by 0.11% to $19,388.7. A mixed start to the day saw Bitcoin rise to an early morning high $19,460.0 before falling to a low $19,347.0. Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was a mixed start to the day. Crypto.com Coin was up by 0.47%, with Bitcoin Cash SV flat to buck the trend early on. It was a bearish start for the rest of the majors, however. At the time of writing, Ripple’s XRP was down by 1.18% to lead the way down. For the Bitcoin Day Ahead Bitcoin would need to avoid a fall through the pivot level at $19,259 to bring the first major resistance level at $19,614 into play. Support from the broader market would be needed for Bitcoin to break out from $19,500 levels. Barring an extended crypto rally, the first major resistance level would likely cap any upside. In the event of a crypto breakout, Bitcoin could test resistance at $20,000 before any pullback. The second major resistance level sits at $19,817. A fall through the $19,259 pivot would bring the first major support level at $19,056 into play. Barring an extended crypto sell-off, Bitcoin should steer clear of the second major support level at $18,701. This article was originally posted on FX Empire More From FXEMPIRE: U.S. Dollar Index (DX) Futures Technical Analysis – Strengthens Over 90.810, Weakens Under 90.460 Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – December 7th, 2020 Is Gold Bullish Again? The Crypto Daily – Movers and Shakers – December 5th, 2020 Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – December 5th, 2020 Crude Oil Price Update – Strengthens Over $46.43, Weakens Under $45.30', 'Bitcoin , BTC to USD, rose by 1.31% on Sunday. Following on from a 2.72% gain on Saturday, Bitcoin ended the week up by 6.67% to $19,410.0. It was a mixed start to the day. Bitcoin rose to an early morning high $19,344.0 before hitting reverse. Falling short of the first major resistance level at $13,395, Bitcoin slid to an early afternoon intraday low $18,905.0. Steering clear of the first major support level at $18,711, however, Bitcoin rallied to a final hour intraday high $19,463.0. Bitcoin broke through the first major resistance level at $19,395 to wrap up the day at $19,400 levels. The near-term bullish trend remained intact, supported by the latest recovery to $19,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $10,095 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was a mixed day on Sunday. Binance Coin (-0.73%), Cardano’s ADA (-0.68%), Crypto.com Coin (-0.31%), and Polkadot (-2.20%) saw red to buck the trend on the day. It was a bullish day for the rest of the majors, however. Ripple’s XRP rallied by 6.24% to lead the way, with Chainlink (+2.67%) and Bitcoin Cash SV (+1.51%) finding strong support. Ethereum (+0.78%) and Litecoin (+0.52%) trailed the front runners, however. It was also a mixed week for the majors. Binance Coin (-1.94%), Cardano’s ADA (-4.75%), Crypto.com Coin (-4.08%), and Polkadot (-7.31%) saw red for the week. It was a bullish week for the rest of the majors, however. Bitcoin Cash SV (+7.75%), Chainlink (+0.97%), Ethereum (+4.34%), Litecoin (+5.86%), and Ripple’s XRP (+2.69%) joined Bitcoin in the green. In the week, the crypto total market cap rose to a Tuesday high $589.96bn before falling to a Tuesday low $525.17bn. At the time of writing, the total market cap stood at $562.79bn. Bitcoin’s dominance fell to a Monday low 62.55% before rising to a Friday high 64.17%. At the time of writing, Bitcoin’s dominance stood at 63.63%. Story continues This Morning At the time of writing, Bitcoin was down by 0.11% to $19,388.7. A mixed start to the day saw Bitcoin rise to an early morning high $19,460.0 before falling to a low $19,347.0. Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was a mixed start to the day. Crypto.com Coin was up by 0.47%, with Bitcoin Cash SV flat to buck the trend early on. It was a bearish start for the rest of the majors, however. At the time of writing, Ripple’s XRP was down by 1.18% to lead the way down. For the Bitcoin Day Ahead Bitcoin would need to avoid a fall through the pivot level at $19,259 to bring the first major resistance level at $19,614 into play. Support from the broader market would be needed for Bitcoin to break out from $19,500 levels. Barring an extended crypto rally, the first major resistance level would likely cap any upside. In the event of a crypto breakout, Bitcoin could test resistance at $20,000 before any pullback. The second major resistance level sits at $19,817. A fall through the $19,259 pivot would bring the first major support level at $19,056 into play. Barring an extended crypto sell-off, Bitcoin should steer clear of the second major support level at $18,701. This article was originally posted on FX Empire More From FXEMPIRE: U.S. Dollar Index (DX) Futures Technical Analysis – Strengthens Over 90.810, Weakens Under 90.460 Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – December 7th, 2020 Is Gold Bullish Again? The Crypto Daily – Movers and Shakers – December 5th, 2020 Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – December 5th, 2020 Crude Oil Price Update – Strengthens Over $46.43, Weakens Under $45.30', 'Bitcoin Bitcoin rose by 6.67% in the week ending 6 th December. Reversing a 1.05% loss from the previous week, Bitcoin ended the week at $19,410.0. It was a bullish start to the week. Bitcoin rallied from a Monday intraweek low $18,196.0 to a Tuesday intraweek high and a new swing hi $19,956.00 before hitting reverse. The rally saw Bitcoin break through the first major resistance level at $19,268 and the second major resistance level at $19,884. A pullback on Tuesday saw Bitcoin fall back through the resistance level to a low $18,279.0 before finding support. Mid-week, Bitcoin broke back through the first major resistance level at $19,268 to revisit $19,600 levels before easing back. 5 days in the green that included an 8.25% rally on Monday and a bullish weekend delivered the upside for the week. For the week ahead Bitcoin would need to avoid a fall through $19,187 pivot to support a run the first major resistance level at $20,179. Support from the broader market would be needed for Bitcoin to break out from last week\x92s high $19,956. Barring an extended crypto rally, the first major resistance level would likely cap any upside. In the event of another breakout, Bitcoin could test resistance at $21,000 before any pullback. The second major resistance level sits at $20,947. Failure to avoid a fall through the $19,187 pivot would bring the first major support level at $18,419 into play. Barring an extended sell-off, however, Bitcoin should steer clear of sub-$17,500 support levels. The second major support level sits at $17,427. At the time of writing, Bitcoin was down by 0.57% to $19,300.0. A mixed start to the week saw Bitcoin rise to an early Monday morning high $19,460.0 before falling to a low $18,300.0. Bitcoin left the major support and resistance levels untested at the start of the week. Ripple\x92s XRP Ripple\x92s XRP rose by 2.69% in the week ending 6 th December. Following the previous week\x92s 35.79% breakout, Ripple\x92s XRP ended the week at $0.62223. Story continues It was a bullish start to the week. Ripple\x92s XRP rallied to a Monday intraweek high $0.68898 before hitting reverse. While falling short of the first major resistance level at $0.7843, Ripple\x92s XRP broke through the 23.6% FIB of $0.6274 before hitting reverse. The reversal saw Ripple\x92s XRP slide through the 23.6% FIB to a Friday intraweek low $0.5430. Steering clear of the 38.2% FIB of $0.5285 and major support levels, Ripple\x92s XRP recovered to end the week at $0.62 levels. 5-days in the green that included a 9.65% jump on Monday and a bullish weekend delivered a 5 th consecu
**Last 60 Days of Bitcoin's Closing Prices:**
[10915.69, 11064.46, 11296.36, 11384.18, 11555.36, 11425.90, 11429.51, 11495.35, 11322.12, 11358.10, 11483.36, 11742.04, 11916.33, 12823.69, 12965.89, 12931.54, 13108.06, 13031.17, 13075.25, 13654.22, 13271.29, 13437.88, 13546.52, 13781.00, 13737.11, 13550.49, 13950.30, 14133.71, 15579.85, 15565.88, 14833.75, 15479.57, 15332.32, 15290.90, 15701.34, 16276.34, 16317.81, 16068.14, 15955.59, 16716.11, 17645.41, 17804.01, 17817.09, 18621.31, 18642.23, 18370.00, 18364.12, 19107.46, 18732.12, 17150.62, 17108.40, 17717.41, 18177.48, 19625.84, 18803.00, 19201.09, 19445.40, 18699.77, 19154.23, 19345.12]
Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2020-12-07
**Financial & Commodity Data:**
- Gold Closing Price: $1861.80
- Crude Oil Closing Price: $45.76
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $354,604,871,888
- Hash Rate: 142846099.00528008
- Transaction Count: 300906.0
- Unique Addresses: 673269.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.94
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Bitcoin has surged 184% since the start of the U.S. COVID-19 lockdown in mid-March, and is up 148% in 2020 overall . On Wednesday, it topped $18,000 for the first time since 2018. But JPMorgan CEO Jamie Dimon , speaking at the New York Times DealBook Summit on Wednesday, reiterated that bitcoin is “just not my cup of tea.” He also predicted governments will soon regulate it more stringently. We’ve heard this from Dimon in the past, and previously in much harsher terms than “not my cup of tea.” In September 2017, Dimon called bitcoin a “ fraud... worse than tulip bulbs ” and predicted it “isn’t going to work.” He also said that if JPMorgan ( JPM ) traders were trading cryptocurrency, “I would fire them in a second, for two reasons: It is against our rules, and they are stupid, and both are dangerous.” Three years later, JPM isn’t quite trading cryptocurrency, but it has warmed to the underlying technology in a number of ways. Jamie Dimon, chairman & CEO of JP Morgan Chase & Co., speaks during the Bloomberg Global Business Forum in New York City, New York, U.S., September 25, 2019. REUTERS/Shannon Stapleton Last year, JPMorgan created JPM Coin , a digital token for internal use by the bank’s institutional clients, and built out an internal blockchain unit (called Onyx) to oversee JPM Coin and blockchain pilots. Crypto purists pointed out that JPM Coin is hardly a true cryptocurrency since it isn’t decentralized, but the move was still seen as the first step toward the bank embracing blockchain for enterprise. (Onyx CEO Umar Farooq wrote in his blog post announcing the launch of JPM Coin, “We have always believed in the potential of blockchain technology, and we are supportive of cryptocurrencies as long as they are properly controlled and regulated.”) Indeed, at the DealBook Summit on Nov. 18, Dimon said, “The blockchain itself will be critical to letting people move money around the world cheaper. We will always support blockchain technology.” In May, JPMorgan went a step further when it began allowing customer transfers to and from Coinbase and Gemini , two U.S.-based regulated crypto exchange sites. And Dimon on Wednesday acknowledged that some “very smart people” are investing in bitcoin these days. (Hedge fund manager Paul Tudor Jones is one of them .) Story continues What it all adds up to is a softening of Dimon’s rhetoric on bitcoin that goes hand in hand with his bank’s gradual cozying to cryptocurrency and blockchain. Dimon is also increasingly willing to comment on what’s going on in the space: last year, in an interview with Yahoo Finance Editor-in-Chief Andy Serwer, Dimon questioned Facebook’s digital currency Libra : “Will they follow banking rules or KYC, BSA, AML [know your customer, Bank Secrecy Act, and anti-money laundering rules], or will they not? But they obviously want to serve their clients, and that’s fine. I also want to be able to serve their clients, too. We would like to do some of it too, ourselves, and we don’t always want to be forced into someone else’s ecosystem.” That suggested Dimon would like to build out more of JPMorgan’s own crypto and blockchain ecosystem, and signs still point to the bank continuing to do that. — Daniel Roberts is an editor-at-large at Yahoo Finance and closely covers bitcoin and blockchain. Follow him on Twitter at @ readDanwrite . Read more: Why bitcoin and altcoins are hot again this summer Square's bitcoin bet is paying off What you need to know about Ant Financial, potentially the largest IPO in history Amazon tells employees to delete Tik Tok, then says email was ‘sent in error’ Why Square’s embrace of bitcoin was 'brilliant' Jamie Dimon has questions about Facebook’s cryptocurrency Libra Lloyd Blankfein: It would be ‘arrogant’ to dismiss bitcoin entirely...
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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18321.14, 18553.92, 18264.99, 18058.90, 18803.66, 19142.38, 19246.64, 19417.08, 21310.60, 22805.16
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Alexander Vinnick, the Russian man who founded and ran the now-defunct Bitcoin exchange service BTC-e, has beensentencedto five years in prison. A Paris court has found Vinnick guilty of money laundering and has ordered him to pay €100,000 (US$121,000) in fines. Vinnick was arrested in Greece back in 2017 under an international warrant issued by the US Department of Justice and was extradited to France earlier this year.\nThe Justice Department accused Vinnick of operating BTC-e as a front for a massive money laundering operation that accepted stolen funds from cyberattacks. Security firm Wizsec previously linked his private BTC-e accounts to funds stolen fromMt. Gox. If you’ll recall, around $480 million worth of Bitcoins disappeared from the exchange service back in 2014 due to, as Mt. Gox CEO Mark Karpeles called them, "weaknesses in the system."\nThe US DOJ charged Vinnick with 17 counts of laundering up to $4 billion since the exchange was founded in 2011. Meanwhile, French prosecutorschargedhim for “extortion, conspiracy and harming automatic data-processing systems.” French authorities believe he helped create the ransomware “Locky,” which was spread through email and was used to attack French businesses and organizations between 2016 and 2018. At least 20 entities in the country ended up paying ransom money in Bitcoin to get their networks freed.\nVinnik’s side argued in court that he was only a technical operator carrying out instructions from BTC-e’s directors. While the court still ended up convicting him for money laundering, it’s hardly the worst-case scenario for Vinnick. According toZDNet, French prosecutors were only able to prove one of the 14 charges brought against him, and it wasn’t the one involving Locky. That means he was able to avoid the 10-year sentence and the €750,000 fine the prosecutors had requested.', 'Alexander Vinnick, the Russian man who founded and ran the now-defunct Bitcoin exchange service BTC-e, has beensentencedto five years in prison. A Paris court has found Vinnick guilty of money laundering and has ordered him to pay €100,000 (US$121,000) in fines. Vinnick was arrested in Greece back in 2017 under an international warrant issued by the US Department of Justice and was extradited to France earlier this year.\nThe Justice Department accused Vinnick of operating BTC-e as a front for a massive money laundering operation that accepted stolen funds from cyberattacks. Security firm Wizsec previously linked his private BTC-e accounts to funds stolen fromMt. Gox. If you’ll recall, around $480 million worth of Bitcoins disappeared from the exchange service back in 2014 due to, as Mt. Gox CEO Mark Karpeles called them, "weaknesses in the system."\nThe US DOJ charged Vinnick with 17 counts of laundering up to $4 billion since the exchange was founded in 2011. Meanwhile, French prosecutorschargedhim for “extortion, conspiracy and harming automatic data-processing systems.” French authorities believe he helped create the ransomware “Locky,” which was spread through email and was used to attack French businesses and organizations between 2016 and 2018. At least 20 entities in the country ended up paying ransom money in Bitcoin to get their networks freed.\nVinnik’s side argued in court that he was only a technical operator carrying out instructions from BTC-e’s directors. While the court still ended up convicting him for money laundering, it’s hardly the worst-case scenario for Vinnick. According toZDNet, French prosecutors were only able to prove one of the 14 charges brought against him, and it wasn’t the one involving Locky. That means he was able to avoid the 10-year sentence and the €750,000 fine the prosecutors had requested.', 'Alexander Vinnick , the Russian man who founded and ran the now-defunct Bitcoin exchange service BTC-e, has been sentenced to five years in prison. A Paris court has found Vinnick guilty of money laundering and has ordered him to pay \x80100,000 (US$121,000) in fines. Vinnick was arrested in Greece back in 2017 under an international warrant issued by the US Department of Justice and was extradited to France earlier this year. The Justice Department accused Vinnick of operating BTC-e as a front for a massive money laundering operation that accepted stolen funds from cyberattacks. Security firm Wizsec previously linked his private BTC-e accounts to funds stolen from Mt. Gox . If you\x92ll recall, around $480 million worth of Bitcoins disappeared from the exchange service back in 2014 due to, as Mt. Gox CEO Mark Karpeles called them, "weaknesses in the system." The US DOJ charged Vinnick with 17 counts of laundering up to $4 billion since the exchange was founded in 2011. Meanwhile, French prosecutors charged him for \x93extortion, conspiracy and harming automatic data-processing systems.\x94 French authorities believe he helped create the ransomware \x93Locky,\x94 which was spread through email and was used to attack French businesses and organizations between 2016 and 2018. At least 20 entities in the country ended up paying ransom money in Bitcoin to get their networks freed. Vinnik\x92s side argued in court that he was only a technical operator carrying out instructions from BTC-e\x92s directors. While the court still ended up convicting him for money laundering, it\x92s hardly the worst-case scenario for Vinnick. According to ZDNet , French prosecutors were only able to prove one of the 14 charges brought against him, and it wasn\x92t the one involving Locky. That means he was able to avoid the 10-year sentence and the \x80750,000 fine the prosecutors had requested.', 'Last week, as bitcoin broke its all-time price high, institutional investors poured the second-highest amount on record into cryptocurrency funds.\nAccording to aReuters reportciting data from digital asset manager CoinShares on Monday, large-scale cryptocurrency funds saw an inflow of $429 million last week alone. The largest-ever weekly inflow was $468 million seen three weeks ago.\nThe data showed the sector jumped to an all-time high of $15 billion in assets under management (AUM) for the year so far. By comparison, there was $2.57 billion in AUM at the close of 2019. So far,bitcoinhas attracted $4 billion inflows in 2020.\nRelated:Bitcoin Drops 2% as European Stocks See Losses on Brexit Concerns\nBitcoin hit an all-time high of $19,920 on Dec. 1 in a sharp rally likely fueled by listed firmsmaking treasury investmentsin the cryptocurrency, alaunch of crypto services by PayPaland bullishbillionaire investors.\n“We have seen a decisive shift from enquiries of a speculative nature to those that begin with comments such as, ‘bitcoin is here to stay, please help us understand it’,” James Butterfill, investment strategist at CoinShares, told Reuters.\nButterfill also noted that the level of interest is so high, bitcoin is likely only on “the cusp” of institutional adoption.\nSee also:Guggenheim Fund Files to Be Able to Invest Up to Almost $500M in Bitcoin Through GBTC\nRelated:First Mover: Why Mohamed El-Erian Might Have Held Bitcoin at $19K\nBitcoin and associated investment products were the most popular out of the cryptocurrency options among bigger investors last week. The top cryptocurrency by market value took the lion’s share of the total AUM at around 334.7 million out of the $429 million across all crypto assets.\nEthercame in second place during the same period. It attracted around $87.1 million, likely from investors wanting exposure ahead of the Ethereum network’s launch of theEth 2.0 Beacon Chainand bullishdecentralized finance fundamentals.\n• Crypto Funds Have Seen Record Investment Inflow in Recent Weeks\n• Crypto Funds Have Seen Record Investment Inflow in Recent Weeks', 'Last week, as bitcoin broke its all-time price high, institutional investors poured the second-highest amount on record into cryptocurrency funds. According to a Reuters report citing data from digital asset manager CoinShares on Monday, large-scale cryptocurrency funds saw an inflow of $429 million last week alone. The largest-ever weekly inflow was $468 million seen three weeks ago. The data showed the sector jumped to an all-time high of $15 billion in assets under management (AUM) for the year so far. By comparison, there was $2.57 billion in AUM at the close of 2019. So far, bitcoin has attracted $4 billion inflows in 2020. Related: Bitcoin Drops 2% as European Stocks See Losses on Brexit Concerns Bitcoin hit an all-time high of $19,920 on Dec. 1 in a sharp rally likely fueled by listed firms making treasury investments in the cryptocurrency, a launch of crypto services by PayPal and bullish billionaire investors . “We have seen a decisive shift from enquiries of a speculative nature to those that begin with comments such as, ‘bitcoin is here to stay, please help us understand it’,” James Butterfill, investment strategist at CoinShares, told Reuters. Butterfill also noted that the level of interest is so high, bitcoin is likely only on “the cusp” of institutional adoption. See also: Guggenheim Fund Files to Be Able to Invest Up to Almost $500M in Bitcoin Through GBTC Related: First Mover: Why Mohamed El-Erian Might Have Held Bitcoin at $19K Bitcoin and associated investment products were the most popular out of the cryptocurrency options among bigger investors last week. The top cryptocurrency by market value took the lion’s share of the total AUM at around 334.7 million out of the $429 million across all crypto assets. Ether came in second place during the same period. It attracted around $87.1 million, likely from investors wanting exposure ahead of the Ethereum network’s launch of the Eth 2.0 Beacon Chain and bullish decentralized finance fundamentals . Related Stories Crypto Funds Have Seen Record Investment Inflow in Recent Weeks Crypto Funds Have Seen Record Investment Inflow in Recent Weeks', 'Bitcoin is facing selling pressure on Tuesday as traditional markets suffer the jitters over
**Last 60 Days of Bitcoin's Closing Prices:**
[11064.46, 11296.36, 11384.18, 11555.36, 11425.90, 11429.51, 11495.35, 11322.12, 11358.10, 11483.36, 11742.04, 11916.33, 12823.69, 12965.89, 12931.54, 13108.06, 13031.17, 13075.25, 13654.22, 13271.29, 13437.88, 13546.52, 13781.00, 13737.11, 13550.49, 13950.30, 14133.71, 15579.85, 15565.88, 14833.75, 15479.57, 15332.32, 15290.90, 15701.34, 16276.34, 16317.81, 16068.14, 15955.59, 16716.11, 17645.41, 17804.01, 17817.09, 18621.31, 18642.23, 18370.00, 18364.12, 19107.46, 18732.12, 17150.62, 17108.40, 17717.41, 18177.48, 19625.84, 18803.00, 19201.09, 19445.40, 18699.77, 19154.23, 19345.12, 19191.63]
Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2020-12-08
**Financial & Commodity Data:**
- Gold Closing Price: $1870.80
- Crude Oil Closing Price: $45.60
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $354,604,871,888
- Hash Rate: 137132255.0450689
- Transaction Count: 330970.0
- Unique Addresses: 737193.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.95
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: A metric from bitcoins perpetual futures market suggests some traders may have become overleveraged during the recent rally to above $18,000. The average level of the funding rate across major exchanges has risen sharply from 0.023% to a five-month high of 0.087% in the past 48 hours, according to data source Glassnode . Rising funding rates have in the past been associated with a larger portion of the market utilizing leverage via perpetuals, Matthew Dibb, CEO of Stack Funds, told CoinDesk. If we see continued overleveraging in the derivatives market, bitcoin will be increasingly volatile in the short term. Related: Bitcoin Breaks $19K, New All-Time High Seems Imminent Calculated every eight hours, the funding rate in effect reflects the cost of holding long positions. The metric is used by exchanges offering perpetuals (futures contracts with no expiry) as a mechanism to balance the market and guide perpetual prices toward the spot price. The funding rate is positive (or longs pay shorts) when perpetuals trade at a premium to the spot price. As such, a very high funding rate is widely considered a sign of leverage being excessively skewed to the bullish side, or overbought conditions, as noted on Twitter by market analyst Joseph Young. In such situations, a pullback or consolidation can trigger an unwinding of longs, leading to a deeper drop and a pick up in price volatility. The high funding rate can cause somewhat of a shakeout due to increasing margin liquidations, Dibb said. Holding longs at elevated costs is attractive only if a bull run continues without pauses. Historical data validates Dibbs analysis of the market. Related: XRP Price Surges to 2-Year High as Airdrop Frenzy Builds Bitcoins rally from July lows near $9,000 ran out of steam near $12,400 on Aug. 17 as the average funding rate surged from 0.008% to 0.078%. The cryptocurrency fell back to $10,000 in early September. Story continues Similarly, the recovery rally from March lows below $4,000 ran out of steam near $10,000 in early June with a sudden rise of the funding rate to 0.123%. While the funding rate has risen in the past 48 hours, its still short of the peak seen in June. Further, the uptick may have been partly fueled by liquidity providers hedging sell positions in the spot market by buying long positions in the futures/perpetuals, according to Patrick Heusser, a senior cryptocurrency trader at Zurich-based Crypto Broker AG. In other words, the latest rise in funding rates may not be entirely retail-driven. Also read: Crypto Long & Short: 4 Metrics That Show How the Current Bitcoin Rally Is Different From 2017 Nevertheless, the metrics rise calls for caution on the part of the bulls, as it represents overleveraged or overbought conditions . Its a first indication that leveraged [traders] are starting to shoot over the target, Heusser told CoinDesk. Bitcoins implied volatility is already rising with the one-month gauge currently hovering at 77%, the highest level since July 8, according to data source Skew. That means the options market is pricing in a rise in volatility over the next four weeks and looks to be preparing for a temporary disruption to the steep rally. The top cryptocurrency by market value is currently trading close to $18,650 , having tested dip demand with a drop to levels below $18,000 over the weekend. Disclosure: The author holds small positions in bitcoin, litecoin, XRP, cardano and tron . Related Stories Bitcoin Faces Volatility Rise as Futures Market Shows Signs of Overheating Bitcoin Faces Volatility Rise as Futures Market Shows Signs of Overheating...
- Reddit Posts (Sample): []...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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18553.92, 18264.99, 18058.90, 18803.66, 19142.38, 19246.64, 19417.08, 21310.60, 22805.16, 23137.96
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
["Bitcoin has fallen precipitously in the past few hours and is testing a key level of psychological support near $18,000. At around 06:00 UTC on Dec. 8, the price of the world\x92s first cryptocurrency fell to around $18,031 from $18,770. It subsequently retraced slightly to $18,200 by press time, according to CoinDesk\x92s bitcoin price index . The last time bitcoin experienced a similar drop was on Dec. 1 after the bellwether cryptocurrency reached an all-time high of around $19,920, per the BPI. Related: Bitcoin's Rising Popularity With Investors Means Gold Will 'Suffer': JPMorgan According to Ki Young Ju, CEO of CryptoQuant, the availability of sizable amounts of bitcoin on exchanges provided by large holders \x96 \x93whales,\x94 as they are often called \x96 contributed to the price drop. \x93When it comes to short-term price prediction, I think the most important data is supply and demand, said Ki Young Ju, CEO of CryptoQuant. \x93I think this plummet was started from bitcoin\x85whales who wanted to keep their bitcoin on exchanges making them readily available for sell orders.\x94 Others see recent buyers taking their winnings out of the market. Lucas Huang, head of growth at decentralized exchange Tokenlon, noted that from a retail trading perspective, \x93an 80% increase in bitcoin price over only two months might be a profit too tempting not to take.\x94 Meanwhile, another signal may be coming from how Wall Street views the prospects of one particularly large buyer in recent months. Tyler Radke, an analyst at Citibank, downgraded his recommendation on business intelligence firm Microstrategy to \x93sell\x94 from \x93neutral,\x94 flagging to investors bitcoin euphoria might be overextended. Related: First CoinSwap Test Could Herald an Era of Stronger Bitcoin Privacy Not everyone is bearish on bitcoin. \x93Bitcoin\x92s latest move down is a rest stop on the way to $30k levels by mid-2021,\x94 said investor\xa0Jehan Chu, co-founder of Kenetic Capital. \x93Experienced bitcoin investors are well accustomed to these drops and understand them as opportunities to buy the dip. Longer term, we can expect these moves to become less frequent as institutional funds continue surging into the market and the volatility declines further.\x94 Story continues Yet in the near term for technical analysts, the latest price action for bitcoin represents a continuing narrative of lower highs on the daily chart. That signals weakening buyer interest in the midst of increasing daily sell volume. Should buyers fail to push prices above $18,600, a likely spell of further downside may break out as the short-term trend flips from bullish to bearish. Other notable cryptocurrencies are also suffering, including ether, XRP and litecoin . Those three are down between 7% and 9% in the past 24 hours as well. In fact, all 17 free-floating cryptopcurrencies besides bitcoin in the CoinDesk 20 have dropped between 6% and 12% in the past day. Meanwhile traditional markets have held steady on the day with the Dow Jones Industrial Average closing 0.35% in the green and the S&P 500 index up around 0.28% on the day. See also: Standard Chartered Bank to Launch Crypto Trading for Institutional Investors: Sources Related Stories Bitcoin Price Drops $1,000 in Worst Sell-Off in a Week Bitcoin Price Drops $1,000 in Worst Sell-Off in a Week", "Bitcoin has fallen precipitously in the past few hours and is testing a key level of psychological support near $18,000.\nAt around 06:00 UTC on Dec. 8, the price of the world’s first cryptocurrency fell to around $18,031 from $18,770. It subsequently retraced slightly to $18,200 by press time, according toCoinDesk’s bitcoin price index.\nThe last timebitcoinexperienced a similar drop was on Dec. 1 after the bellwether cryptocurrency reached an all-time high of around $19,920, per the BPI.\nRelated:Bitcoin's Rising Popularity With Investors Means Gold Will 'Suffer': JPMorgan\nAccording to Ki Young Ju, CEO of CryptoQuant, the availability of sizable amounts of bitcoin on exchanges provided by large holders – “whales,” as they are often called – contributed to the price drop.\n“When it comes to short-term price prediction, I think the most important data is supply and demand, said Ki Young Ju, CEO of CryptoQuant. “I think this plummet was started from bitcoin…whales who wanted to keep their bitcoin on exchanges making them readily available for sell orders.”\nOthers see recent buyers taking their winnings out of the market. Lucas Huang, head of growth at decentralized exchange Tokenlon, noted that from a retail trading perspective, “an 80% increase in bitcoin price over only two months might be a profit too tempting not to take.”\nMeanwhile, another signal may be coming from how Wall Street views the prospects of one particularly large buyer in recent months. Tyler Radke, an analyst at Citibank,downgraded his recommendationon business intelligence firm Microstrategy to “sell” from “neutral,” flagging to investors bitcoin euphoria might be overextended.\nRelated:First CoinSwap Test Could Herald an Era of Stronger Bitcoin Privacy\nNot everyone is bearish on bitcoin. “Bitcoin’s latest move down is a rest stop on the way to $30k levels by mid-2021,” said investor\xa0Jehan Chu, co-founder of Kenetic Capital. “Experienced bitcoin investors are well accustomed to these drops and understand them as opportunities to buy the dip. Longer term, we can expect these moves to become less frequent as institutional funds continue surging into the market and the volatility declines further.”\nYet in the near term for technical analysts, the latest price action for bitcoin represents a continuing narrative of lower highs on the daily chart. That signals weakening buyer interest in the midst of increasing daily sell volume.\nShould buyers fail to push prices above $18,600, a likely spell of further downside may break out as the short-term trend flips from bullish to bearish.\nOther notable cryptocurrencies are also suffering, including ether,XRPandlitecoin. Those three are down between 7% and 9% in the past 24 hours as well. In fact, all 17 free-floating cryptopcurrencies besides bitcoin in theCoinDesk 20have dropped between 6% and 12% in the past day.\nMeanwhile traditional markets have held steady on the day with the Dow Jones Industrial Average closing 0.35% in the green and the S&P 500 index up around 0.28% on the day.\nSee also:Standard Chartered Bank to Launch Crypto Trading for Institutional Investors: Sources\n• Bitcoin Price Drops $1,000 in Worst Sell-Off in a Week\n• Bitcoin Price Drops $1,000 in Worst Sell-Off in a Week", "Bitcoin has fallen precipitously in the past few hours and is testing a key level of psychological support near $18,000.\nAt around 06:00 UTC on Dec. 8, the price of the world’s first cryptocurrency fell to around $18,031 from $18,770. It subsequently retraced slightly to $18,200 by press time, according toCoinDesk’s bitcoin price index.\nThe last timebitcoinexperienced a similar drop was on Dec. 1 after the bellwether cryptocurrency reached an all-time high of around $19,920, per the BPI.\nRelated:Bitcoin's Rising Popularity With Investors Means Gold Will 'Suffer': JPMorgan\nAccording to Ki Young Ju, CEO of CryptoQuant, the availability of sizable amounts of bitcoin on exchanges provided by large holders – “whales,” as they are often called – contributed to the price drop.\n“When it comes to short-term price prediction, I think the most important data is supply and demand, said Ki Young Ju, CEO of CryptoQuant. “I think this plummet was started from bitcoin…whales who wanted to keep their bitcoin on exchanges making them readily available for sell orders.”\nOthers see recent buyers taking their winnings out of the market. Lucas Huang, head of growth at decentralized exchange Tokenlon, noted that from a retail trading perspective, “an 80% increase in bitcoin price over only two months might be a profit too tempting not to take.”\nMeanwhile, another signal may be coming from how Wall Street views the prospects of one particularly large buyer in recent months. Tyler Radke, an analyst at Citibank,downgraded his recommendationon business intelligence firm Microstrategy to “sell” from “neutral,” flagging to investors bitcoin euphoria might be overextended.\nRelated:First CoinSwap Test Could Herald an Era of Stronger Bitcoin Privacy\nNot everyone is bearish on bitcoin. “Bitcoin’s latest move down is a rest stop on the way to $30k levels by mid-2021,” said investor\xa0Jehan Chu, co-founder of Kenetic Capital. “Experienced bitcoin investors are well accustomed to these drops and understand them as opportunities to buy the dip. Longer term, we can expect these moves to become less frequent as institutional funds continue surging into the market and the volatility declines further.”\nYet in the near term for technical analysts, the latest price action for bitcoin represents a continuing narrative of lower highs on the daily chart. That signals weakening buyer interest in the midst of increasing daily sell volume.\nShould buyers fail to push prices above $18,600, a likely spell of further downside may break out as the short-term trend flips from bullish to bearish.\nOther notable cryptocurrencies are also suffering, including ether,XRPandlitecoin. Those three are down between 7% and 9% in the past 24 hours as well. In fact, all 17 free-floating cryptopcurrencies besides bitcoin in theCoinDesk 20have dropped between 6% and 12% in the past day.\nMeanwhile traditional markets have held steady on the day with the Dow Jones Industrial Average closing 0.35% in the green and the S&P 500 index up around 0.28% on the day.\nSee also:Standard Chartered Bank to Launch Crypto Trading for Institutional Investors: Sources\n• Bitcoin Price Drops $1,000 in Worst Sell-Off in a Week\n• Bitcoin Price Drops $1,000 in Worst Sell-Off in a Week", 'Google Pay and Walmart’s PhonePe continue to dominate the digital payments sector in India b
**Last 60 Days of Bitcoin's Closing Prices:**
[11296.36, 11384.18, 11555.36, 11425.90, 11429.51, 11495.35, 11322.12, 11358.10, 11483.36, 11742.04, 11916.33, 12823.69, 12965.89, 12931.54, 13108.06, 13031.17, 13075.25, 13654.22, 13271.29, 13437.88, 13546.52, 13781.00, 13737.11, 13550.49, 13950.30, 14133.71, 15579.85, 15565.88, 14833.75, 15479.57, 15332.32, 15290.90, 15701.34, 16276.34, 16317.81, 16068.14, 15955.59, 16716.11, 17645.41, 17804.01, 17817.09, 18621.31, 18642.23, 18370.00, 18364.12, 19107.46, 18732.12, 17150.62, 17108.40, 17717.41, 18177.48, 19625.84, 18803.00, 19201.09, 19445.40, 18699.77, 19154.23, 19345.12, 19191.63, 18321.14]
Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2020-12-09
**Financial & Commodity Data:**
- Gold Closing Price: $1834.60
- Crude Oil Closing Price: $45.52
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $337,929,731,556
- Hash Rate: 132370718.41155957
- Transaction Count: 321079.0
- Unique Addresses: 748572.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.86
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: UK To Start Distributing COVID Vaccine Next Week
And nowbegins the distributionof the Pfizer (NYSE:PFE) and BioNTech (NASDAQ:BNTX) vaccine for COVID-19. The rollout begins next week, and it will likely be quite difficult. “Although the NHS is well versed in delivering vaccines (it delivers around 15 million flu vaccines per year as an example), the Pfizer/BioNTech candidate has well flagged characteristics that make it more difficult to deliver,” said Dr. Adam Barker, health analyst at Shore Capital. This is because the vaccine needs to be stored at -70C, a bit colder than your average freezer, and delivered in special delivery containers filled with dry ice, which is frozen carbon dioxide, which sublimates. DHL, will help in the logistics of the delivery throughout the country with its “Medical Express” service. The UK has ordered 40 million doses for 20 million people over the course of this year and next. Batch testing has already been completed for the first 800,000 doses. According to British Prime Minister Boris Johnson, the vaccine will not be mandatory.
Bitcoin Back Above $19,000
Bitcoin (BTC-USD) is back above $19,000, having gained over 11% in the past week. The move higher in the crypto space is coinciding with a strong selloff in the US Dollar (NYSEARCA:UUP), down 4% in the last month. Dominance of the original cryptocurrency compared to the rest the market is now around 62%, slightly down from the peak of 70% hit in 2019 prior to the 2017 run to previous highs just below $20,000. With the added popularity of crypto-trading however, comes an increase in trading scams. According toFinancial RelianceCEO Sam Walter, a lot have people have lost money to crypto scam, investment scam or forex trading scam. Says Walter, “The good news is that Financial Reliance offers a way to recover scammed or stolen bitcoin lost to crypto scam, bitcoin scam or online trading scam.”
Pelosi, Schumer, Restart Negotiations at $908 Billion
House Speaker Nancy Pelosi and Senate Minority Leader Chuck Schumerhave agreedon a $908 billion coronavirus bailout bill as the starting point for future negotiations. No official word on what Republican leadership thinks about this yet. Meaning, the next bailout bill will almost certainly top $1 trillion, and probably much more than that. Congress has until December to pass a spending bill or shut down parts of the government, so the next bailout could be ironed out as soon as next week. Schumer and Pelosi spoke about the spirit of compromise while discussing the gargantuan spending plans. “In the spirit of compromise, we believe the bipartisan framework introduced by Senators yesterday should be used as the basis for immediate bipartisan, bicameral negotiations. Of course, we and others will offer improvements, but the need to act is immediate and we believe that with good-faith negotiations we could come to an agreement.” There is no second stimulus check in the deal, though it is likely this will be added in.
123,797 Gun Background Checks for Cyber Monday
Lots of gun purchases on cyber Monday this year. Another 417,465 were done from Thanksgiving through Sunday. Despite the extreme demand for personal firearms, some gun stocks like Smith and Wesson (NASDAQ:SWBI) have yet to regain previous highs hit back in July 2016. Nearly 20 million background checks have been made this year so far, as fears of what may happen because of the pandemic or the policies it has engendered, are pressing many Americans to do what they can preemptively in order to protect themselves.
The postMarket Morning: Vaccine Delivery, Bitcoin Back Up, Democrats Start Negotiations at $908Bappeared first onMarket Exclusive....
- Reddit Posts (Sample): []...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
18264.99, 18058.90, 18803.66, 19142.38, 19246.64, 19417.08, 21310.60, 22805.16, 23137.96, 23869.83
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
["NEW YORK, NY / ACCESSWIRE / December 9, 2020 / Recently, the reporter found that a block-chain technical team in London has developed ABS platform for loan and transaction - DMEX. Its underlying assets include the three biggest block- chain projects: Mining Force, Bitcoin, and Ethereum. Filecoin possesses the largest number of entities of mining machines with three kinds of major currencies. To the miners of the three kinds of currencies, the biggest headache is: how the capital that overstocked by investment force and mining machines could calculate.(For details, please click https://dmex.finance/) We all know that repayment of future cash flows supports ABS (Asset-backed Securities) This is generated by underlying assets and aims to obtain the maximum cash by discounting and selling it, that is, to make the fixed assets circulate. What effects will there be when the traditional financial services combine with decentralized financial DeFi? DMEX platform securitizes the mining power of Bitcoin, Ethereum, and Filecoin. Different NFT corresponds to different mining power. Thus, fixed mining machines and mining power could circulate in the market; the mining power owners could sell or pledge them to obtain liquid funds. It is a good thing for miners to put their fixed assets into circulation. But, this is not the only problem that miners or investors are facing. They also have other concerns, such as the unfairness and opacity of mining power institutions. At present, the majority of mining machines are in the form of pledge to the mining camps, the actual owners of mining machines can only know their own income through the information from the mining camps, and then passively accept. Without supervision of any third party, the credibility of the information provided by mining camps has always been in doubt. To address this problem, DMEX puts key data such as the total mining power, benefits, process into smart Ethereum contracts, which automatically distribute the user's benefit (For details, please click https://dmex.finance/) The loaded data in the Ethereum is open and transparent which eliminates any fraudulent behavior, and the benefits are automatically traced without any pitfalls or defaults. DAO autonomy, the member who holds NFT has the right to participate and therefore it governs DMEX. Such as pre-sale audit of CPU power submitted by mining service providers, DAO members can vote and decide. If the miner does not fulfill the contract to release tokens, or the amount released is less than 80% of the average standard of the market in five consecutive days, The users could apply for refund through the DAO platform.(For details, please click https://dmex.finance/) Story continues The big question remains - How will DMEX transform the industry, a trading platform that combines traditional financial ABS and DeFi? Let's wait and see. Contact Person: Bay Max . BM Tel:(209)881-7562 Email: [email protected] Web: https://www.dmex.finance/ SOURCE: DMEX View source version on accesswire.com: https://www.accesswire.com/620337/DMEX-the-first-ABS-NFT-lending-and-trading-platform View comments", "NEW YORK, NY / ACCESSWIRE / December 9, 2020 /Recently, the reporter found that a block-chain technical team in London has developed ABS platform for loan and transaction - DMEX. Its underlying assets include the three biggest block- chain projects: Mining Force, Bitcoin, and Ethereum. Filecoin possesses the largest number of entities of mining machines with three kinds of major currencies. To the miners of the three kinds of currencies, the biggest headache is: how the capital that overstocked by investment force and mining machines could calculate.(For details, please click https://dmex.finance/)\nWe all know that repayment of future cash flows supports ABS (Asset-backed Securities) This is generated by underlying assets and aims to obtain the maximum cash by discounting and selling it, that is, to make the fixed assets circulate.\nWhat effects will there be when the traditional financial services combine with decentralized financial DeFi?\nDMEX platform securitizes the mining power of Bitcoin, Ethereum, and Filecoin. Different NFT corresponds to different mining power. Thus, fixed mining machines and mining power could circulate in the market; the mining power owners could sell or pledge them to obtain liquid funds.\nIt is a good thing for miners to put their fixed assets into circulation. But, this is not the only problem that miners or investors are facing. They also have other concerns, such as the unfairness and opacity of mining power institutions.\nAt present, the majority of mining machines are in the form of pledge to the mining camps, the actual owners of mining machines can only know their own income through the information from the mining camps, and then passively accept. Without supervision of any third party, the credibility of the information provided by mining camps has always been in doubt.\nTo address this problem, DMEX puts key data such as the total mining power, benefits, process into smart Ethereum contracts, which automatically distribute the user's benefit (For details, please click https://dmex.finance/)\nThe loaded data in the Ethereum is open and transparent which eliminates any fraudulent behavior, and the benefits are automatically traced without any pitfalls or defaults.\nDAO autonomy, the member who holds NFT has the right to participate and therefore it governs DMEX. Such as pre-sale audit of CPU power submitted by mining service providers, DAO members can vote and decide. If the miner does not fulfill the contract to release tokens, or the amount released is less than 80% of the average standard of the market in five consecutive days, The users could apply for refund through the DAO platform.(For details, please click https://dmex.finance/)\nThe big question remains - How will DMEX transform the industry, a trading platform that combines traditional financial ABS and DeFi? Let's wait and see.\nContact Person:Bay Max . BMTel:(209)881-7562Email:[email protected]:https://www.dmex.finance/\nSOURCE:DMEX\nView source version on accesswire.com:https://www.accesswire.com/620337/DMEX-the-first-ABS-NFT-lending-and-trading-platform", 'Paxos, the cryptocurrency partner ofPayPal Holdings Ltd(NASDAQ:PYPL), has filed an application with the Office of The Comptroller of the Currency (OCC) in order to obtain a charter to form a national bank.\nWhat Happened:The Paxos National Trust would operate out of New York, according to anapplicationfirstnoticedby CoinDesk.\nPaxos’ general counsel and chief compliance officer Dan Burstein wrote in ablog poston\xa0Wednesday that, if the New York-based company is granted the charter, it would become the “first custodian of digital assets to be regulated at both the state and federal levels.”\n“A national Trust Bank charter provides us with [the]\xa0 flexibility to operate across the US while continuing to adhere to the highest regulatory standards,” Burstein said.\nThe general counsel added it was beneficial for Paxos to hold trust charters from the state regulator — New York State Department of Financial Services — and the OCC, which regulates at a federal level.\nWhy It Matters:The Paxos application would be subject to a 30-day comment period and there is no surety that it would be sanctioned, noted CoinDesk.\nActing Comptroller Brain Brooks has reportedly said publicly that he would like cryptocurrency companies to secure federal charters.\nKraken and Avanti earliersecuredstate charters from the Wyoming Division of Banking.\nPaypal and Paxospartneredthis summer to provide services to the users of the latter to buy or sell virtual assets likeBitcoin.\nThe Peter Thiel-co-founded payments processorstarted offeringBitcoin (BTC), Ethereum (ETC), and other cryptocurrencies in late October.\nLast month, it was reported that Paxos saw a500% surge in trading volumein a month as trading volumes rose to $26.57 million.\nPrice Action:PayPal shares closed nearly 2.8% lower at $210.80 on Wednesday. Bitcoin traded 0.99% higher at $18,355.05 at press time.\nSee more from Benzinga\n• Click here for options trades from Benzinga\n• Elon Musk Advises Fellow CEOs To Spend Less Time On PowerPoint And Do This Instead\n• MicroStrategy Plans To Raise 0M In Debt And Use It To Pile Up More Bitcoin\n© 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.', 'Paxos, the cryptocurrency partner of PayPal Holdings Ltd (NASDAQ: PYPL ), has filed an application with the Office of The Comptroller of the Currency (OCC) in order to obtain a charter to form a national bank. What Happened: The Paxos National Trust would operate out of New York, according to an application first noticed by CoinDesk. Paxos’ general counsel and chief compliance officer Dan Burstein wrote in a blog post on\xa0Wednesday that, if the New York-based company is granted the charter, it would become the “first custodian of digital assets to be regulated at both the state and federal levels.” “A national Trust Bank charter provides us with [the]\xa0 flexibility to operate across the US while continuing to adhere to the highest regulatory standards,” Burstein said. The general counsel added it was beneficial for Paxos to hold trust charters from the state regulator — New York State Department of Financial Services — and the OCC, which regulates at a federal level. Why It Matters: The Paxos application would be subject to a 30-day comment period and there is no surety that it would be sanctioned, noted CoinDesk. Acting Comptroller Brain Brooks has reportedly said publicly that he would like cryptocurrency companies to secure federal charters. Kraken and Avanti earlier secured state charters from the Wyoming Division of Banking. Paypal and Paxos partnered this summer to provide services to the users of the latter to buy or sell virtual assets like Bitcoin . The Peter Thiel-co-founded payments proc
**Last 60 Days of Bitcoin's Closing Prices:**
[11384.18, 11555.36, 11425.90, 11429.51, 11495.35, 11322.12, 11358.10, 11483.36, 11742.04, 11916.33, 12823.69, 12965.89, 12931.54, 13108.06, 13031.17, 13075.25, 13654.22, 13271.29, 13437.88, 13546.52, 13781.00, 13737.11, 13550.49, 13950.30, 14133.71, 15579.85, 15565.88, 14833.75, 15479.57, 15332.32, 15290.90, 15701.34, 16276.34, 16317.81, 16068.14, 15955.59, 16716.11, 17645.41, 17804.01, 17817.09, 18621.31, 18642.23, 18370.00, 18364.12, 19107.46, 18732.12, 17150.62, 17108.40, 17717.41, 18177.48, 19625.84, 18803.00, 19201.09, 19445.40, 18699.77, 19154.23, 19345.12, 19191.63, 18321.14, 18553.92]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2020-12-10
**Financial & Commodity Data:**
- Gold Closing Price: $1833.60
- Crude Oil Closing Price: $46.78
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $337,929,731,556
- Hash Rate: 123799952.47124276
- Transaction Count: 313649.0
- Unique Addresses: 713602.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.94
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S.
VANCOUVER, British Columbia, Nov. 12, 2020 (GLOBE NEWSWIRE) --BIGG Digital Assets Inc. (“BIGG” or the “Company”) (CSE: BIGG; OTCQB: BBKCF; WKN: A2PS9W)is pleased to announce that, due to strong investor demand, it has increased its previously announced overnight public marketed offering to 25,000,000 units of the Company (“Units”) at a price of $0.24 per Unit for gross proceeds of approximately $6 million (the “Offering”).
The Offering is being conducted by a syndicate of underwriters led by PI Financial Corp. and including Canaccord Genuity Corp., Echelon Wealth Partners, Haywood Securities Inc. and M Partners Inc. (collectively, the “Underwriters”). The Company will shortly file an amended and restated preliminary short form prospectus (the “AR Preliminary Prospectus”) with the securities commissions in each of the provinces of Canada (other than Québec) amending and restating the preliminary short form prospectus dated November 11, 2020 to reflect the terms of the Offering. Copies of the AR Preliminary Prospectus will be available on SEDAR atwww.sedar.com.
Each Unit will consist of one common share of the Company (a “Common Share”) and one-half Common Share purchase warrant (each such full warrant, a “Warrant”). Each Warrant will entitle the holder thereof to purchase one Common Share (a “Warrant Share”) at a price equal to $0.30 per Warrant Share for a period of 24 months following the closing of the Offering, subject to an accelerated expiry if the ten trading day volume-weighted average price of the Common Shares on the Canadian Securities Exchange (the “CSE”) is equal to or greater than $0.60 per Common Share.
The Offering is made pursuant to the terms of an underwriting agreement, as amended, with the Underwriters, which grants the Underwriters an over-allotment option to increase the size of the Offering by up to 15% of the aggregate number of Units (or the components thereof) on the same terms and conditions of the Offering (the “Over-Allotment Option”), exercisable in whole or in part at any time up to 30 days after and including the closing date of the Offering. In the event that the Over-Allotment Option is exercised in full, the aggregate gross proceeds of the Offering to the Company will be $6.9 million.
The Company intends to use the proceeds from the Offering for research and development, expansion of sales and marketing teams for Blockchain Intelligence Group internationally and Netcoins domestically, additional liquidity for Netcoins trade settlement, increase of long-term Bitcoin investment holdings, and working capital.
The Offering is expected to close on or about November 30, 2020 and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including the approval of the CSE.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
On behalf of Board
Mark [email protected]:+1.844.515.2646
The CSE does not accept responsibility for the adequacy or accuracy of this press release.
About BIGG Digital Assets Inc.
BIGG believes the future of crypto is a safe, compliant, and regulated environment. BIGG invests in products and companies to support this vision. BIGG owns two operating companies: Blockchain Intelligence Group (blockchaingroup.io) and Netcoins (netcoins.ca).
Blockchain Intelligence Group (BIG) has developed a Blockchain-agnostic search and analytics engine, QLUETM, enabling Law Enforcement, RegTech, Regulators and Government Agencies to visually track, trace and monitor cryptocurrency transactions at a forensic level. Our commercial product, BitRank Verified® , offers a “risk score” for cryptocurrencies, enabling RegTech, banks, ATMs, exchanges, and retailers to meet traditional regulatory/compliance requirements.
Netcoins develops brokerage and exchange software to make the purchase and sale of cryptocurrency easily accessible to the mass consumer and investor with a focus on compliance and safety. Netcoins utilizes BitRank Verified® software at the heart of its platform and facilitates crypto trading via a self-serve crypto brokerage portal at Netcoins.app.
For more information and to register to BIGG’s mailing list, please visit our website athttps://www.biggdigitalassets.com. Or visit SEDAR atwww.sedar.com.
Cautionary Statement Regarding Forward Looking Information
This press release contains forward-looking information within the meaning of applicable securities laws. All statements that are not historical facts, including without limitation, statements regarding future estimates, plans, programs, forecasts, projections, objectives, assumptions, expectations or beliefs of future performance, statements regarding the ability of the Company to close the Offering, the anticipated terms of the Offering, the anticipated use of proceeds from the Offering, the proposed timing of the Offering, and the Company’s beliefs about the future of crypto are "forward-looking statements". Forward-looking information can be identified by the use of words such as “will” or “believe” or variations of such words or statements that certain actions, events or results “will” be taken, occur or be achieved. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties, both general and specific, that contribute to the possibility that the predictions, estimates, forecasts, projections and other forward-looking statements will not occur. These assumptions, risks and uncertainties include, among other things, the state of the economy in general and capital markets in particular, and other factors, many of which are beyond the control of BIGG. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement. Undue reliance should not be placed on the forward-looking information because BIGG can give no assurance that they will prove to be correct. Important factors that could cause actual results to differ materially from BIGG’s expectations include, consumer sentiment towards BIGG’s products and Blockchain technology generally, technology failures, competition, and failure of counterparties to perform their contractual obligations.
The forward-looking statements contained in this press release are made as of the date of this press release. Except as required by law, BIGG disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Additionally, BIGG undertakes no obligation to comment on the expectations of, or statements made by, third parties in respect of the matters discussed above....
- Reddit Posts (Sample): []...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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18058.90, 18803.66, 19142.38, 19246.64, 19417.08, 21310.60, 22805.16, 23137.96, 23869.83, 23477.29
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Bitcoin , BTC to USD, fell by 1.61% on Thursday. Reversing a 1.25% gain from Wednesday, Bitcoin ended the day at $18,260.0. It was a mixed start to the day. Bitcoin rose to an early morning intraday high $18,568.0 before hitting reverse. Falling short of the first major resistance level at $18,878, Bitcoin fell to a mid-afternoon intraday low $17,935.0. The reversal saw Bitcoin fall through the first major support level at $17,990 before a brief revisit to $18,300 levels late in the day. The near-term bullish trend remained intact, in spite of the latest pullback to sub-$18,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $10,095 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was a mixed day on Thursday. Polkadot bucked the trend on the day, with a 0.1% gain. It was a bearish day for the rest of the majors, however. Chainlink slid by 5.72% to lead the way down, with Cardano’s ADA (-4.24%) and Litecoin (-3.50%) also struggling. Binance Coin (-1.69%), Bitcoin Cash SV , (-1.46%), Crypto.com Coin (-1.66%), Ethereum (-2.61%), and Ripple’s XRP (-1.92%) saw relatively modest losses on the day. In the current week, the crypto total market cap rose to a Monday high $569.88bn before falling to a Wednesday low $509.70bn. At the time of writing, the total market cap stood at $525.77bn. Bitcoin’s dominance rose to a Wednesday high 64.26% before falling to a Wednesday low 63.03%. At the time of writing, Bitcoin’s dominance stood at 63.80%. This Morning At the time of writing, Bitcoin was down by 1.03% to $18,072.0. A mixed start to the day saw Bitcoin rise to an early morning high $18,299.0 before falling to a low $18,070.0. Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was a bearish start to the day for the majors. At the time of writing, Ripple’s XRP was down by 2.69% to lead the way down. For the Bitcoin Day Ahead Bitcoin would need to move back through the pivot level at $18,254 to bring the first major resistance level at $18,574 into play. Story continues Support from the broader market would be needed for Bitcoin to break back through to $18,500 levels. Barring an extended crypto rally, the first major resistance level would likely cap any upside. In the event of a crypto breakout, the second major resistance level at $18,887 and resistance at $19,000 would likely come into play. Failure to move back through the $18,254 pivot would bring the first major support level at $17,941 into play. Barring another extended crypto sell-off, Bitcoin should steer clear of the second major support level at $17,621. This article was originally posted on FX Empire More From FXEMPIRE: E-mini Dow Jones Industrial Average (YM) Futures Technical Analysis – Reaction to 29780 Sets Tone into Close Crude Oil Price Forecast – Crude Oil Markets Rally On Stimulus Hopes Natural Gas Price Forecast – Natural Gas Consolidates At 200 Day EMA Gold Price Futures (GC) Technical Analysis – Rangebound Between a Pair of Retracement Zones Natural Gas Price Prediction – Prices Rise Following Inventory Report USD/CAD Daily Forecast – Oil Rally Boosts Canadian Dollar', 'Bitcoin, BTC to USD, fell by 1.61% on Thursday. Reversing a 1.25% gain from Wednesday, Bitcoin ended the day at $18,260.0.\nIt was a mixed start to the day. Bitcoin rose to an early morning intraday high $18,568.0 before hitting reverse.\nFalling short of the first major resistance level at $18,878, Bitcoin fell to a mid-afternoon intraday low $17,935.0.\nThe reversal saw Bitcoin fall through the first major support level at $17,990 before a brief revisit to $18,300 levels late in the day.\nThe near-term bullish trend remained intact, in spite of the latest pullback to sub-$18,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $10,095 to form a near-term bearish trend.\nAcross the rest of the majors, it was a mixed day on Thursday.\nPolkadot bucked the trend on the day, with a 0.1% gain.\nIt was a bearish day for the rest of the majors, however.\nChainlinkslid by 5.72% to lead the way down, withCardano’s ADA(-4.24%) andLitecoin(-3.50%) also struggling.\nBinance Coin(-1.69%),Bitcoin Cash SV, (-1.46%),Crypto.com Coin(-1.66%),Ethereum(-2.61%), andRipple’s XRP(-1.92%) saw relatively modest losses on the day.\nIn the current week, the crypto total market cap rose to a Monday high $569.88bn before falling to a Wednesday low $509.70bn. At the time of writing, the total market cap stood at $525.77bn.\nBitcoin’s dominance rose to a Wednesday high 64.26% before falling to a Wednesday low 63.03%. At the time of writing, Bitcoin’s dominance stood at 63.80%.\nAt the time of writing, Bitcoin was down by 1.03% to $18,072.0. A mixed start to the day saw Bitcoin rise to an early morning high $18,299.0 before falling to a low $18,070.0.\nBitcoin left the major support and resistance levels untested early on.\nElsewhere, it was a bearish start to the day for the majors.\nAt the time of writing, Ripple’s XRP was down by 2.69% to lead the way down.\nBitcoin would need to move back through the pivot level at $18,254 to bring the first major resistance level at $18,574 into play.\nSupport from the broader market would be needed for Bitcoin to break back through to $18,500 levels.\nBarring an extended crypto rally, the first major resistance level would likely cap any upside.\nIn the event of a crypto breakout, the second major resistance level at $18,887 and resistance at $19,000 would likely come into play.\nFailure to move back through the $18,254 pivot would bring the first major support level at $17,941 into play.\nBarring another extended crypto sell-off, Bitcoin should steer clear of the second major support level at $17,621.\nThisarticlewas originally posted on FX Empire\n• E-mini Dow Jones Industrial Average (YM) Futures Technical Analysis – Reaction to 29780 Sets Tone into Close\n• Crude Oil Price Forecast – Crude Oil Markets Rally On Stimulus Hopes\n• Natural Gas Price Forecast – Natural Gas Consolidates At 200 Day EMA\n• Gold Price Futures (GC) Technical Analysis – Rangebound Between a Pair of Retracement Zones\n• Natural Gas Price Prediction – Prices Rise Following Inventory Report\n• USD/CAD Daily Forecast – Oil Rally Boosts Canadian Dollar', 'Massachusetts Mutual Life Insurance Company (MassMutual) has invested $100 million inBitcoinand purchased a minority stake in NYDIG, a Bitcoin technology provider, which also facilitated the transaction.\nWhat Happened:MassMutual — which has operated since 1851\xa0— is also picking up a minority stake in NYDIG amounting to $5 million.\n“We are proud of this incredible moment in the history of both Bitcoin and the insurance industry,"\xa0NYDIG CEO Robert Gutmann said in a statement.\n"This reflects the expansion of Bitcoin to insurance company general investment accounts, as well as NYDIG’s unique ability to meet the complex needs of the most demanding institutional investors.”\nThe New York-based NYDIG said it has over $2.3 billion of digital assets under custody.\nWhy It Matters:The MassMutual investment is small by the standards of the company which has a general investment account that totals almost $235 billion as of Sept. 30,accordingto the Wall Street Journal.\nBitcoin has attracted an increased institutional interest of late. This week,MicroStrategy Inc(NASDAQ:MSTR) said it wasraising 0 million in senior notesto buy Bitcoin.\nMicroStrategyupped its investmentfrom the initially announced $400 million with the span of a week.\nOther companies coming onboard the Bitcoin-train includePayPal Holdings Inc.(NASDAQ:PYPL) andSquare Inc.(NYSE:SQ).\nPrice Action:Bitcoin traded 6.75% lower at $17,915.22 at press-time. GBTC closed Thursday nearly 7% higher at $21.47.\nRelated Links:\nSquare Invests M In Bitcoin; Dorsey Sees A Currency For The Internet\nPayPal Brings Bitcoin Trading To Account Holders, Merchants\nSee more from Benzinga\n• Click here for options trades from Benzinga\n• MicroStrategy Just Can\'t Get Enough Of Bitcoin — To Now Raise 0M In Debt To Fund Purchase\n• PayPal Cryptocurrency Partner Paxos Seeks To Become US-Regulated Bank\n© 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.', 'Massachusetts Mutual Life Insurance Company (MassMutual) has invested $100 million in Bitcoin and purchased a minority stake in NYDIG, a Bitcoin technology provider, which also facilitated the transaction. What Happened: MassMutual \x97 which has operated since 1851\xa0\x97 is also picking up a minority stake in NYDIG amounting to $5 million. \x93We are proud of this incredible moment in the history of both Bitcoin and the insurance industry,"\xa0NYDIG CEO Robert Gutmann said in a statement. "This reflects the expansion of Bitcoin to insurance company general investment accounts, as well as NYDIG\x92s unique ability to meet the complex needs of the most demanding institutional investors.\x94 The New York-based NYDIG said it has over $2.3 billion of digital assets under custody. Why It Matters: The MassMutual investment is small by the standards of the company which has a general investment account that totals almost $235 billion as of Sept. 30, according to the Wall Street Journal. Bitcoin has attracted an increased institutional interest of late. This week, MicroStrategy Inc (NASDAQ: MSTR ) said it was raising 0 million in senior notes to buy Bitcoin. MicroStrategy upped its investment from the initially announced $400 million with the span of a week. Other companies coming onboard the Bitcoin-train include PayPal Holdings Inc. (NASDAQ: PYPL ) and Square Inc. (NYSE: SQ ). Price Action: Bitcoin traded 6.75% lower at $17,915.22 at press-time. GBTC closed Thursday nearly 7% higher at $21.47. Related Links: Square Invests M In Bitcoin; Dorsey Sees A Currency For The Internet PayPal Brings Bitcoin Trading To Account Holders, Merchants See more from Benzinga Click here for options trades from Benzinga Mic
**Last 60 Days of Bitcoin's Closing Prices:**
[11555.36, 11425.90, 11429.51, 11495.35, 11322.12, 11358.10, 11483.36, 11742.04, 11916.33, 12823.69, 12965.89, 12931.54, 13108.06, 13031.17, 13075.25, 13654.22, 13271.29, 13437.88, 13546.52, 13781.00, 13737.11, 13550.49, 13950.30, 14133.71, 15579.85, 15565.88, 14833.75, 15479.57, 15332.32, 15290.90, 15701.34, 16276.34, 16317.81, 16068.14, 15955.59, 16716.11, 17645.41, 17804.01, 17817.09, 18621.31, 18642.23, 18370.00, 18364.12, 19107.46, 18732.12, 17150.62, 17108.40, 17717.41, 18177.48, 19625.84, 18803.00, 19201.09, 19445.40, 18699.77, 19154.23, 19345.12, 19191.63, 18321.14, 18553.92, 18264.99]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2020-12-11
**Financial & Commodity Data:**
- Gold Closing Price: $1839.80
- Crude Oil Closing Price: $46.57
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $334,006,805,250
- Hash Rate: 131418411.08485769
- Transaction Count: 304735.0
- Unique Addresses: 711679.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.89
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: A group of former bankers building on R3’s public Corda Network are touting the first digital currency for that ecosystem, dubbed XDC.
Announced Tuesday, the Cordite Society, a co-operative registered in the U.K., released the XDCcrypto token on public Corda, the open-source version of R3’s network. The new regulation-friendly cryptocoin will open the door, say its creators at Cordite, to various decentralized finance (DeFi) applications running on Corda’s distributed ledger technology (DLT).
R3 began life as a pay-to-join DLT consortium of big banks, which over time realized the value of hosting a large developer community and created the open-source Corda Network alongside the commercial version of the software.
Related:Around 100 Italian Banks Are Officially on a Blockchain
In fact, the idea of a “Corda Coin”was floatedat last year’s CordaCon, the annual developer gathering, but only as a research project at that time. Now a reality, the Cordite Society will be minting the first run of 1 million XDC to lubricate applications on Corda. This cooperative is taking advantage of existing U.K. legal structures for mutual societies, a provision also used by DeFi risk mitigation platformNexus Mutual.
“XDC is a digital currency in its own right,” said ex-RBS banker and Cordite CEO Richard Crook. “It is issued as an exchange token to Cordite Society members, and as it’s minted or created, will be evenly distributed among those cooperative society members.”
The XDC and Cordite Society announcement is timed to coincide withthis year’s CordaCon event. R3 did not return requests for comment by press time.
Read more:85% of Italian Banks Are Exchanging Interbank Transfer Data on Corda
Related:Swiss Crypto Bank SEBA to Offer Token Securitization on Corda Network
Crook said membership for the newly convened Cordite Society is now open, and members will vote on the rate of supply of XDC and other points of governance going forward. Firms participating in the Cordite decentralized autonomous organization (DAO) will have compliance baked in, Crook added, since R3 designed the Corda network such that each node represents a legal entity, identified by a trusted identity certificate.
This ensures that XDC meets the G20-sanctioned Financial Action Task Force (FATF) standards on digital assets to deal with anti-money laundering (AML) risks, a challenge that Ethereum-based DeFi projects continue to be unable to address, Crook said.
“Regulators have set the requirements for what a digital currency needs to be, and that’s exactly where XDC fits in,” said Crook. “It meets the requirements of most jurisdictions as a digital currency and is therefore a step ahead. We’re a next-generation Bitcoin or XRP.”
In addition, Crook said the XDC code will pave the way for things like central bank digital currencies (CBDCs) to run on Corda (especially since federal regulators in the U.S. recently announced that national banks can hold reserves for stablecoin issuers), and also allow for what he called “a cleaned-up” expansion of DeFi.
“Anything in finance needs to solve the know-your-customer identity problem out of the box, as well as provide privacy between the parties that are transacting,” said Crook. “With many DeFi projects to date, if the technology doesn’t solve that, they seemingly ignore those requirements and wait for regulators to give chase.”
The XDC system, with its reliance on the U.K.’s mutual societies legal structure, shows that the core tenets of DeFi are actually centuries old, said Crook.
Read more:R3 Corda Partners With Kaleido After Ethereum Startup Spins Out of ConsenSys
“It takes us back to that ability for legal entities to come together and share equity or debt and work together for a common aim,” Crook said. “That’s why cooperatives were created in the first place. And that’s why we are showing that with XDC you can mix the legal and the technology components to solve this DeFi requirement set.”
U.K.-based institutional crypto player BCB Prime Services (which works with Bitstamp, Coinbase, Galaxy and Kraken) will provide OTC liquidity and custody services for XDC.
“A globally scalable ‘currency’ use case of cryptocurrencies has been elusive in over a decade of innovation in this space,” Oliver von Landsberg-Sadie, founder and CEO, BCB Group, said in a statement. “One of the barriers has been closer alignment with existing systems of money, regulations and government, in a way which still preserves the decentralized ethos of the asset class. The XDC digital currency is one of a tiny handful of projects which meets all these complexity criteria and I’m excited to back this project from all angles.”
• R3 Corda Network Set to Go DeFi With XDC Digital Currency
• R3 Corda Network Set to Go DeFi With XDC Digital Currency...
- Reddit Posts (Sample): []...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
18803.66, 19142.38, 19246.64, 19417.08, 21310.60, 22805.16, 23137.96, 23869.83, 23477.29, 22803.08
|
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Bitcoin , BTC to USD, fell 1.17% on Friday. Following on from a 1.61% decline on Thursday, Bitcoin ended the day at $18,049.9. It was a mixed start to the day. Bitcoin rose to an early morning intraday high $18,299.0 before hitting reverse. Falling short of the first major resistance level at $18,574, Bitcoin fell to a late morning intraday low $17,629.0. The reversal saw Bitcoin fall through the first major support level at $17,941. Finding support at the second major support level at $17,621, Bitcoin briefly revisited $18,190 levels before ending the day at sub-$18,100. The near-term bullish trend remained intact, in spite of the latest pullback to sub-$18,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $10,095 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was a bearish day on Friday. Litecoin and Ripple’s XRP slid by 3.39% and by 3.72% respectively to lead the way down. Bitcoin Cash SV , (-2.28%), Chainlink (-2.05%), Ethereum (-2.65%) and Polkadot (-2.70%) and also saw relatively heavy losses. Binance Coin (-1.21%), Cardano’s ADA (-1.79%), and Crypto.com Coin (-1.69%) saw relatively modest losses on the day. In the current week, the crypto total market cap rose to a Monday high $569.88bn before falling to a Friday low $509.01bn. At the time of writing, the total market cap stood at $531.62bn. Bitcoin’s dominance rose to a Wednesday high 64.26% before falling to a Wednesday low 63.03%. At the time of writing, Bitcoin’s dominance stood at 64.01%. This Morning At the time of writing, Bitcoin was up by 1.62% to $18,342.0. A bullish start to the day saw Bitcoin rise from an early morning low $18,049.9 to a high $18,400.0. Bitcoin broke through the first major resistance level at $18,356 early on before easing back. Elsewhere, it was a mixed start to the day. Ripple’s XRP (-2.22%) and Bitcoin Cash SV (-0.77%) saw red to buck the trend early on. Story continues It was a bullish start for the rest of the majors, however. At the time of writing, Cardano’s ADA was up by 4.84% to lead the way. For the Bitcoin Day Ahead Bitcoin would need to avoid a fall through the pivot level at $17,993 to bring the first major resistance level at $18,356 back into play. Support from the broader market would be needed for Bitcoin to hold onto $18,300 levels early on. Barring an extended crypto rally, the first major resistance level and resistance at $18,500 would likely cap any upside. In the event of an extended crypto rally, the second major resistance level at $18,663 and resistance at $19,000 would likely come into play. Failure to avoid a fall through the $17,993 pivot would bring the first major support level at $17,686 into play. Barring another extended crypto sell-off, Bitcoin should steer clear of sub-$17,500 levels. The second major support level sits at $17,323. This article was originally posted on FX Empire More From FXEMPIRE: S&P 500 Weekly Price Forecast – Stock Markets Pull Back E-mini Dow Jones Industrial Average (YM) Futures Technical Analysis – Strong Over 29917, Weak Under 29780 Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – December 12th, 2020 Crude Oil Weekly Price Forecast – Crude Oil Markets Pause Crude Oil Price Forecast – Crude Oil Markets Quiet on Friday COVID-19 Vaccine Update – Pfizer Inc. Approval Imminent Amidst a Virus Surge', 'Bitcoin , BTC to USD, fell 1.17% on Friday. Following on from a 1.61% decline on Thursday, Bitcoin ended the day at $18,049.9. It was a mixed start to the day. Bitcoin rose to an early morning intraday high $18,299.0 before hitting reverse. Falling short of the first major resistance level at $18,574, Bitcoin fell to a late morning intraday low $17,629.0. The reversal saw Bitcoin fall through the first major support level at $17,941. Finding support at the second major support level at $17,621, Bitcoin briefly revisited $18,190 levels before ending the day at sub-$18,100. The near-term bullish trend remained intact, in spite of the latest pullback to sub-$18,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $10,095 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was a bearish day on Friday. Litecoin and Ripple’s XRP slid by 3.39% and by 3.72% respectively to lead the way down. Bitcoin Cash SV , (-2.28%), Chainlink (-2.05%), Ethereum (-2.65%) and Polkadot (-2.70%) and also saw relatively heavy losses. Binance Coin (-1.21%), Cardano’s ADA (-1.79%), and Crypto.com Coin (-1.69%) saw relatively modest losses on the day. In the current week, the crypto total market cap rose to a Monday high $569.88bn before falling to a Friday low $509.01bn. At the time of writing, the total market cap stood at $531.62bn. Bitcoin’s dominance rose to a Wednesday high 64.26% before falling to a Wednesday low 63.03%. At the time of writing, Bitcoin’s dominance stood at 64.01%. This Morning At the time of writing, Bitcoin was up by 1.62% to $18,342.0. A bullish start to the day saw Bitcoin rise from an early morning low $18,049.9 to a high $18,400.0. Bitcoin broke through the first major resistance level at $18,356 early on before easing back. Elsewhere, it was a mixed start to the day. Ripple’s XRP (-2.22%) and Bitcoin Cash SV (-0.77%) saw red to buck the trend early on. Story continues It was a bullish start for the rest of the majors, however. At the time of writing, Cardano’s ADA was up by 4.84% to lead the way. For the Bitcoin Day Ahead Bitcoin would need to avoid a fall through the pivot level at $17,993 to bring the first major resistance level at $18,356 back into play. Support from the broader market would be needed for Bitcoin to hold onto $18,300 levels early on. Barring an extended crypto rally, the first major resistance level and resistance at $18,500 would likely cap any upside. In the event of an extended crypto rally, the second major resistance level at $18,663 and resistance at $19,000 would likely come into play. Failure to avoid a fall through the $17,993 pivot would bring the first major support level at $17,686 into play. Barring another extended crypto sell-off, Bitcoin should steer clear of sub-$17,500 levels. The second major support level sits at $17,323. This article was originally posted on FX Empire More From FXEMPIRE: S&P 500 Weekly Price Forecast – Stock Markets Pull Back E-mini Dow Jones Industrial Average (YM) Futures Technical Analysis – Strong Over 29917, Weak Under 29780 Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – December 12th, 2020 Crude Oil Weekly Price Forecast – Crude Oil Markets Pause Crude Oil Price Forecast – Crude Oil Markets Quiet on Friday COVID-19 Vaccine Update – Pfizer Inc. Approval Imminent Amidst a Virus Surge', 'A startup called Core Scientific announced this week that it hasraised$23 million to expand its cryptocurrency mining operations. The company, based in Bellevue, Wash., is already running crypto mines in North Carolina, Georgia, and Kentucky, and plans to open more before long.\nIt’s not hard to understand why. Right now, a single Bitcoin—the digital mining equivalent of a gold nugget—is worth around $20,000. Mining a single Bitcoin block brings a reward of 6.25 of them, or about $125,000.\nIf Core Scientific’s mining ventures are successful, the company will not just make a lot of money. It will also help to repatriate crypto production to the United States, where Bitcoin got its start.\nThe recent resurgence in crypto mining feels like a good-news story. Mining companies like Core Scientific are in a position to make money and create jobs in rural areas, while also ensuring more Bitcoin—which is becoming a strategic asset—ends up in American hands.\nBut there are also reasons for caution. The last crypto-mining boom promised similar benefits but resulted in fly-by-night companies leaving a trail of scams and environmental degradation in their wake. Will the outcome be any different this time?\nMining cryptocurrency is different from conventional mining in some obvious ways. There’s no excavating and hauling ore. And the tools of the trade are not pickaxes and dynamite. Instead, crypto miners rely on two things to make a living: custom-designed computer chips and a torrent of electricity. A crypto-mining operation looks like this:\nIn order to find a digital nugget, crypto miners pit their computers against others around the world in a race to solve complex math problems. The computer that solves the problem broadcasts the solution to others on the network and, in doing so, adds a block tothe blockchain—a tamperproof ledger that serves as a public record of transactions. For their trouble, the owner of the winning computer pockets the “block reward,” which is 6.25 Bitcoins in the case of Bitcoin plus transaction fees. The process is repeated every 10 minutes or so.\nIn the early days, when it was still viable to mine Bitcoin with a home laptop, a large proportion of crypto mining took place in the U.S. But as the computer power needed to solve the math problems increased, Chinese mining operations came to dominate.\nThe Chinese miners enjoyed two advantages: easy access to cheap power, including in places like Mongolia, and a domestic manufacturing base capable of cranking out so-called mining rigs—computers with custom chips made just for mining. While there are other mining operations around the globe, China remains far and away the leader, as can be seen inthis chartfrom the Cambridge Centre for Alternative Finance:\nNow, some U.S. companies believe they can wrest some of the mining pie back from China. In the case of Core Scientific, it has struck arrangements for cheap power across five sites, spanning over 100 acres in total, in Dalton, Ga., Marble, N.C., and Calvert City, Ky. The firm has also cut deals with Chinese manufacturers to get first dibs on the newest mining rigs, and plans to mine not just Bitcoin but so-called alt coins like Litecoin, Bitcoin Cash,
**Last 60 Days of Bitcoin's Closing Prices:**
[11425.90, 11429.51, 11495.35, 11322.12, 11358.10, 11483.36, 11742.04, 11916.33, 12823.69, 12965.89, 12931.54, 13108.06, 13031.17, 13075.25, 13654.22, 13271.29, 13437.88, 13546.52, 13781.00, 13737.11, 13550.49, 13950.30, 14133.71, 15579.85, 15565.88, 14833.75, 15479.57, 15332.32, 15290.90, 15701.34, 16276.34, 16317.81, 16068.14, 15955.59, 16716.11, 17645.41, 17804.01, 17817.09, 18621.31, 18642.23, 18370.00, 18364.12, 19107.46, 18732.12, 17150.62, 17108.40, 17717.41, 18177.48, 19625.84, 18803.00, 19201.09, 19445.40, 18699.77, 19154.23, 19345.12, 19191.63, 18321.14, 18553.92, 18264.99, 18058.90]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2020-12-12
**Financial & Commodity Data:**
- Gold Closing Price: $1839.80
- Crude Oil Closing Price: $46.57
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $334,006,805,250
- Hash Rate: 125704567.1246465
- Transaction Count: 295410.0
- Unique Addresses: 654893.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.90
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: NEW YORK, NY / ACCESSWIRE / October 16, 2020 /ALT 5 Sigma Inc. an emerging leader in blockchain powered financial platforms provides its daily digital instruments market summary for Bitcoin (BTC/USD), Ether (ETH/USD), Litecoin (LTC/USD).
Real-Time Market Data is available atwww.alt5pro.comand Real-Time Market Data feed is also available atwww.alt5sigma.com
ALT 5 Sigma Digital Instrument Market Summary for BTC, ETH, LTC, BCH
About ALT 5 Sigma Inc.
ALT 5 is a fintech company specializing in the development and deployment of digital assets trading and exchange platforms. Alt 5 was founded by financial industry specialists out of the necessity to provide the digital asset economy with security, accessibility, transparency and compliance.
ALT 5 provides its clients the ability to buy, sell and hold digital assets in a safe and secure environment deployed with the best practices of the financial industry. ALT 5's products and services are available to Banks, Broker Dealers, Funds, Family Offices, Professional Traders, Retail Traders, Digital Asset Exchanges, Digital Asset Brokers, Blockchain Developers, and Financial Information Providers.
ALT 5's digital asset custodian services are secured by GardaWorld. GardaWorld is the world's largest privately-owned business solutions and security services company, offering cash management services.
For more information, visitwww.alt5sigma.com.
Contact:
Andre BeauchesneTel. [email protected]
For more information on ALT 5 Pay, visitwww.alt5pay.comFor more information on ALT 5 Pro, visitwww.alt5pro.com
SOURCE:ALT 5 Sigma Inc.
View source version on accesswire.com:https://www.accesswire.com/610858/ALT-5-Sigma-Digital-Instrument-Market-Summary-for-BTC-ETH-LTC-BCH...
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
19142.38, 19246.64, 19417.08, 21310.60, 22805.16, 23137.96, 23869.83, 23477.29, 22803.08, 23783.03
|
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Bitcoin, BTC to USD, rallied by 4.25% on Saturday. Reversing a 1.17% fall from Friday, Bitcoin ended the day at $18,818.0.\nIt was a bullish start to the weekend. Bitcoin rallied from an early morning intraday low $18,049.9 to a late intraday high $18,944.0.\nBitcoin broke through the first major resistance level at $18,356 and the second major resistance level at $18,663.\nComing up against resistance at $19,000, Bitcoin eased back to end the day at sub-$18,900 levels.\nThe near-term bullish trend remained intact, in spite of the latest pullback to sub-$18,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $10,095 to form a near-term bearish trend.\nAcross the rest of the majors, it was a mixed day on Saturday.\nPolkadot andRipple’s XRPfell by 1.46% and by 8.21% to buck the trend on the day.\nIt was a bullish day for the rest of the majors, however.\nLitecoinrallied by 6.21% to lead the way.\nBinance Coin(+2.99%),Cardano’s ADA(+3.76%),Chainlink(+4.79%), andEthereum(+4.43%) also made solid gains.\nBitcoin Cash SV, (+1.28%) andCrypto.com Coin(+0.69%) saw relatively modest gains on the day, however.\nIn the current week, the crypto total market cap rose to a Monday high $569.88bn before falling to a Friday low $509.01bn. At the time of writing, the total market cap stood at $543.45bn.\nBitcoin’s dominance fell to a Wednesday low 63.03% before rising to a Saturday high 64.50%. At the time of writing, Bitcoin’s dominance stood at 64.44%.\nAt the time of writing, Bitcoin was up by 0.30% to $18,875.0. A mixed start to the day saw Bitcoin dip to an early morning low $18,811.0 before rising to a high $18,877.0.\nBitcoin left the major support and resistance levels untested early on.\nElsewhere, it was a mixed start to the day\nBitcoin Cash SV was down by 0.20% to buck the trend early on.\nIt was a bullish start to the day for the rest of the majors, however.\nAt the time of writing, Chainlink was up by 1.53% to lead the pack.\nBitcoin would need to avoid a fall through the pivot level at $18,604 to bring the first major resistance level at $19,158 into play.\nSupport from the broader market would be needed for Bitcoin to break back through to $19,000 levels.\nBarring an extended crypto rally, the first major resistance level would likely cap any upside.\nIn the event of an extended crypto rally, the second major resistance level at $19,498 would likely come into play.\nFailure to avoid a fall through the $18,604 pivot would bring the first major support level at $18,264 into play.\nBarring another extended crypto sell-off, Bitcoin should steer clear of sub-$18,000 levels. The second major support level sits at $17,710.\nThisarticlewas originally posted on FX Empire\n• Crude Oil Price Forecast – Crude Oil Markets Quiet on Friday\n• Crude Oil Weekly Price Forecast – Crude Oil Markets Pause\n• US Stock Market Overview – Stock Rise Led by Disney; Energy Lags\n• USD/CAD Daily Forecast – Test Of Resistance At 1.2775\n• U.S Mortgage Rates Flat after a 14th Record Low\n• European Equities: A Week in Review – 11/12/20', 'Bitcoin , BTC to USD, rallied by 4.25% on Saturday. Reversing a 1.17% fall from Friday, Bitcoin ended the day at $18,818.0. It was a bullish start to the weekend. Bitcoin rallied from an early morning intraday low $18,049.9 to a late intraday high $18,944.0. Bitcoin broke through the first major resistance level at $18,356 and the second major resistance level at $18,663. Coming up against resistance at $19,000, Bitcoin eased back to end the day at sub-$18,900 levels. The near-term bullish trend remained intact, in spite of the latest pullback to sub-$18,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $10,095 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was a mixed day on Saturday. Polkadot and Ripple’s XRP fell by 1.46% and by 8.21% to buck the trend on the day. It was a bullish day for the rest of the majors, however. Litecoin rallied by 6.21% to lead the way. Binance Coin (+2.99%), Cardano’s ADA (+3.76%), Chainlink (+4.79%), and Ethereum (+4.43%) also made solid gains. Bitcoin Cash SV , (+1.28%) and Crypto.com Coin (+0.69%) saw relatively modest gains on the day, however. In the current week, the crypto total market cap rose to a Monday high $569.88bn before falling to a Friday low $509.01bn. At the time of writing, the total market cap stood at $543.45bn. Bitcoin’s dominance fell to a Wednesday low 63.03% before rising to a Saturday high 64.50%. At the time of writing, Bitcoin’s dominance stood at 64.44%. This Morning At the time of writing, Bitcoin was up by 0.30% to $18,875.0. A mixed start to the day saw Bitcoin dip to an early morning low $18,811.0 before rising to a high $18,877.0. Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was a mixed start to the day Bitcoin Cash SV was down by 0.20% to buck the trend early on. It was a bullish start to the day for the rest of the majors, however. At the time of writing, Chainlink was up by 1.53% to lead the pack. Story continues For the Bitcoin Day Ahead Bitcoin would need to avoid a fall through the pivot level at $18,604 to bring the first major resistance level at $19,158 into play. Support from the broader market would be needed for Bitcoin to break back through to $19,000 levels. Barring an extended crypto rally, the first major resistance level would likely cap any upside. In the event of an extended crypto rally, the second major resistance level at $19,498 would likely come into play. Failure to avoid a fall through the $18,604 pivot would bring the first major support level at $18,264 into play. Barring another extended crypto sell-off, Bitcoin should steer clear of sub-$18,000 levels. The second major support level sits at $17,710. This article was originally posted on FX Empire More From FXEMPIRE: Crude Oil Price Forecast – Crude Oil Markets Quiet on Friday Crude Oil Weekly Price Forecast – Crude Oil Markets Pause US Stock Market Overview – Stock Rise Led by Disney; Energy Lags USD/CAD Daily Forecast – Test Of Resistance At 1.2775 U.S Mortgage Rates Flat after a 14th Record Low European Equities: A Week in Review – 11/12/20', 'Major Crypto Media Company Makes Market Forecast.\nLondon, UK, Dec. 12, 2020 (GLOBE NEWSWIRE) -- On Monday, November 30th the financial world held their collective breath as Bitcoin reached its highest value yet, topping its December 2017 all time high. The skeptics had been proven wrong.\nFinixio has been keeping a close eye on this story for years. The media company publishes a wide variety of content and has done for several years. As a result their expertise in the area is second to none, and they are making their forecast on its future....\nThe History\nIn 2017, Bitcoin rocked the market by reaching an unforeseen peak of $19,783. This made professionals and amateurs alike stand at attention and start to take cryptocurrencies seriously.\nThe dream didn’t last long. Bitcoin was still an extremely volatile asset and the currency crashed spectacularly shortly after. It lost 25% of its value in only a day and by late 2018 it was valued under $4,000. There was no shortage of financial skepticism regarding its future.\nBut Bitcoin had been worth only hundreds in 2016 and mere cents in 2008. Despite its colossal fall, it had stabilized at a price that would still make early adopters unbelievable profits.\nThe Present\nEighteen days before the third year anniversary of its previous high, Bitcoin reached a value of $19,857.03. It began the year around $7100 and by October, it was already exhibiting an amazingly profitable year.\nRenewed interest was sparking, and financial experts had started making amazing predictions from late spring. By the summer it was becoming clear that crypto and digital currency would have a huge role to play in the new global economy.\nBTC started November at $14,000 and ended it with a bang. Monday’s peak was followed by an expected devaluation. By Thursday trading had gone down slightly with exchange data showing only $990 million in trades versus Wednesday’s $1.3 B and November $1.5 B average.\nHowever, this time around people are not expecting a crash. In fact, both enthusiastic and cautious investors are predicting significant gains for Bitcoin in the next two years.\nA Volatile Asset\nEstimates vary wildly as to where the price of Bitcoin will land. Some say that it may reach $60,000 by next year, others believe it might even break $100,000.\nBut Finixio’s own Adam Grunwerg warns that Bitcoin is still a very volatile asset that’s likely to keep experiencing ebbs and flows. In the next year we could see fluctuations as big as 20-30% in BTC value.” As a partner who has traded the rise and fall and rise of the currency over many years, he has the experience to back this up.\nHowever, crypto trading expert Adam is largely optimistic about the future “These fluctuations are not going to be enough to slow it down. Bitcoin will likely break $50,000 in 2021.”\nThe market trend is clear. Despite Bitcoin’s variability, new bull cycles see the highs go higher and the lows get higher as well. This is to say that Bitcoin keeps breaking its previous records and stabilizing at higher prices after its drops.\nWhere is the Trust Coming From?\nThe reason for investors’ newfound faith in crypto has to do with who is doing the investing. In 2017, Bitcoin’s price was driven up by individual investors who believed in the future and value of the technology. At the time though, Bitcoin was not a reputable investment. It was not backed by any assets or by a government and lack of mainstream support was adding to its risk.\nIn 2020, the rise of Bitcoin isdriven by institutional investment. Large hedge funds and publicly traded companies are driving this bull cycle and they don’t present the same reputational drawbacks that retail investors do.\nRecently, Square and Paypal have added c
**Last 60 Days of Bitcoin's Closing Prices:**
[11429.51, 11495.35, 11322.12, 11358.10, 11483.36, 11742.04, 11916.33, 12823.69, 12965.89, 12931.54, 13108.06, 13031.17, 13075.25, 13654.22, 13271.29, 13437.88, 13546.52, 13781.00, 13737.11, 13550.49, 13950.30, 14133.71, 15579.85, 15565.88, 14833.75, 15479.57, 15332.32, 15290.90, 15701.34, 16276.34, 16317.81, 16068.14, 15955.59, 16716.11, 17645.41, 17804.01, 17817.09, 18621.31, 18642.23, 18370.00, 18364.12, 19107.46, 18732.12, 17150.62, 17108.40, 17717.41, 18177.48, 19625.84, 18803.00, 19201.09, 19445.40, 18699.77, 19154.23, 19345.12, 19191.63, 18321.14, 18553.92, 18264.99, 18058.90, 18803.66]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2020-12-13
**Financial & Commodity Data:**
- Gold Closing Price: $1839.80
- Crude Oil Closing Price: $46.57
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $334,006,805,250
- Hash Rate: 148463110.1109586
- Transaction Count: 276160.0
- Unique Addresses: 611911.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.91
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Simeon Brings More Than 18 Years of Experience in Finance and Public Accounting to Support Marathon Patent’s Next Phase of Growth
LAS VEGAS, Oct. 20, 2020 (GLOBE NEWSWIRE) -- Marathon Patent Group, Inc. (NASDAQ:MARA) ("Marathon" or "Company"), one of the largest Bitcoin Mining companies in North America, today announced the appointment of Simeon Salzman to the position of Chief Financial Officer. Simeon will report to Chairman and CEO, Merrick Okamoto, while overseeing all financial activities, including audits, acquisitions, finance, and tax and accounting. Simeon succeeds former CFO, David Lieberman, who had worked closely with Okamoto for 18 years. Mr. Lieberman will continue to serve on the Company’s Board of Directors.
“Marathon Patent Group is at the forefront of a dramatic transformation of the Bitcoin ecosystem,” said Simeon Salzman, CFO for Marathon Patent Group. “I am excited to join the company as they begin the build out and rapid deployment of miners at their new data center. I look forward to helping the company build upon the strong foundation Merrick and his team have created with a goal of capitalizing on the exponential growth taking place in digital asset mining in North America.”
Prior to joining Marathon, Mr. Salzman served as the Chief Financial Officer and Senior Vice President of the Las Vegas Monorail Company, a private non-profit 501c(4) entity, from 2018-2020. There, he was responsible for overseeing all financial functions including audit, treasury, and corporate finance. In addition, he was responsible for internal control compliance and management strategy.
Prior to being CFO of the Las Vegas Monorail Company, Mr. Salzman served as the Chief Financial Officer for Wendoh Media and Corner Bar Management for over three years, from 2015-2018. Through enhanced analytical reviews, budgeting, internal control implementation and reducing overhead, Mr. Salzman was able to save over $1.4 million in aggregate costs and generate EBITDA of over 25% for eight consecutive quarters.
Mr. Salzman holds a Bachelor of Science in Accounting and a Bachelor of Arts in Criminal Justice and Criminology from the University of Maryland, College Park. He is a Certified Public Accountant.
Marathon Chairman and CEO, Merrick Okamoto also stated, “While we are excited to welcome Sim to our team, I want to personally thank David Lieberman for the foundational work he has led during his tenure at the Company. We wish him well as he enters the next chapter of his life in retirement.”
Investor Notice
Investing in our securities involves a high degree of risk. Before making an investment decision, you should carefully consider the risks, uncertainties and forward-looking statements described under "Risk Factors" in Item 1A of our most recent Annual Report on Form 10-K for the fiscal year ended December 31, 2019. If any of these risks were to occur, our business, financial condition or results of operations would likely suffer. In that event, the value of our securities could decline, and you could lose part or all of your investment. The risks and uncertainties we describe are not the only ones facing us. Additional risks not presently known to us or that we currently deem immaterial may also impair our business operations. In addition, our past financial performance may not be a reliable indicator of future performance, and historical trends should not be used to anticipate results in the future. Future changes in the network-wide mining difficulty rate or Bitcoin hashrate may also materially affect the future performance of Marathon's production of Bitcoin. See "Safe Harbor" below.
Forward-Looking Statements
Statements made in this press release include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements can be identified by the use of words such as “may,” “will,” “plan,” “should,” “expect,” “anticipate,” “estimate,” “continue,” or comparable terminology. Such forward-looking statements are inherently subject to certain risks, trends and uncertainties, many of which the Company cannot predict with accuracy and some of which the Company might not even anticipate and involve factors that may cause actual results to differ materially from those projected or suggested. Readers are cautioned not to place undue reliance on these forward-looking statements and are advised to consider the factors listed above together with the additional factors under the heading “Risk Factors” in the Company's Annual Reports on Form 10-K, as may be supplemented or amended by the Company's Quarterly Reports on Form 10-Q. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events, new information or otherwise.
About Marathon Patent Group
Marathon is a digital asset technology company that mines cryptocurrencies, with a focus on the blockchain ecosystem and the generation of digital assets.
Marathon Patent Group Company Contact:
Jason AssadTelephone: 678-570-6791Email:[email protected]
Marathon Patent Group Investor Contact:
Gateway Investor RelationsMatt Glover and Charlie SchumacherTelephone: 949-574-3860Email:[email protected]...
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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19246.64, 19417.08, 21310.60, 22805.16, 23137.96, 23869.83, 23477.29, 22803.08, 23783.03, 23241.35
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
["Fintech Header Quote To Start The Day: We’re really trying to encourage progress, not to force it. Source: Adena Friedman One Big Thing In Fintech: Massachusetts Mutual Life Insurance Co. is jumping into the institutional bitcoin game with a $100 million investment in bitcoin and a $5 million equity stake in NYDIG. Source: Coindesk giphy (1)-Dec-14-2020-12-05-14-30-AM Other Key Fintech Developments: Tink valued over $800M after round. JPM finishes blockchain-based repo. Cleo taps $44M for money manager. Sigma releases API to detect crimes. Solactive raised $60M in new round. Embroker launching insurance tech. Governments look to Citi over crypto. DBS plans a digital exchange launch. Fidelity will hold bitcoin as collateral. Upvest scores funding for new APIs. Curv launches institutional DeFi tech. Watch Out For This: What the US Food and Drug Administration says is in Pfizer’s vaccine: Active Ingredient nucleoside-modified messenger RNA (modRNA) encoding the viral spike glycoprotein (S) of SARS-CoV-2 Lipids (4-hydroxybutyl)azanediyl)bis(hexane-6,1-diyl)bis (ALC-3015) (2- hexyldecanoate),2-[(polyethylene glycol)-2000]-N,N-ditetradecylacetamide (ALC-0159) 1,2-distearoyl-snglycero-3-phosphocholine (DPSC) cholesterol Salts potassium chloride monobasic potassium phosphate sodium chloride basic sodium phosphate dihydrate Other sucrose Source: MIT Interesting Reads: The SPAC pop gains more traction. EU, UK to go the extra mile in talks. Bitcoin price dislocations unpacked . Direct-to-consumer growth secrets . 300 schoolboys missing after attack. What is wrong with the Cyber Truck? Hyundai to control Boston Dynamics. American Air to offer COVID testing . US sues Facebook and gets a reply. Market Moving Headline: During last week’s trade, U.S. index futures auctioned to new all-time highs, before moving back into balance. Key Takeaways: - Positioning points to further volatility. - Macro-, technical-landscape is still bullish. Given that the higher-time frame breakout remains intact, the following frameworks for next week’s trade apply. Story continues In the best case, buyers surface at the $3,654.75 low-volume node and extend range up to the high-volume node at $3,667.75. High-volume areas denote value and should slow prices allowing participants enough time to enter and exit trades. An initiative drive through this area would portend a test of the $3,690.75 high-volume node, and then the prior all-time rally high. In the worst case, if the S&P 500 auctions below $3,630.00, participants would look to repair the poor structure just shy of $3,625.00. Finding acceptance (i.e., spending more than one half-hour of regular trade) below Friday’s range would be the most negative outcome. Source: Physik Invest /MES Chart Courtesy Of Physik Invest See more from Benzinga Click here for options trades from Benzinga 'Liquidity Jumping': Stock Market Update For The Week Ahead Fintech Focus Roundup For December 12, 2020 © 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.", "Quote To Start The Day:We’re really trying to encourage progress, not to force it.\nSource:Adena Friedman\nOne Big Thing In Fintech:Massachusetts Mutual Life Insurance Co. is jumping into the institutional bitcoin game with a $100 million investment in bitcoin and a $5 million equity stake in NYDIG.\nSource:Coindesk\nOther Key Fintech Developments:\n• Tinkvaluedover $800M after round.\n• JPMfinishesblockchain-based repo.\n• Cleotaps$44M for money manager.\n• SigmareleasesAPI to detect crimes.\n• Solactiveraised$60M in new round.\n• Embrokerlaunchinginsurance tech.\n• Governmentslookto Citi over crypto.\n• DBSplansa digital exchange launch.\n• Fidelity willholdbitcoin as collateral.\n• Upvestscoresfunding for new APIs.\n• Curvlaunchesinstitutional DeFi tech.\nWatch Out For This:What the US Food and Drug Administration says is in Pfizer’s vaccine:\nActive Ingredient\n• nucleoside-modified messenger RNA (modRNA) encoding the viral spike glycoprotein (S) of SARS-CoV-2\nLipids\n• (4-hydroxybutyl)azanediyl)bis(hexane-6,1-diyl)bis (ALC-3015)\n• (2- hexyldecanoate),2-[(polyethylene glycol)-2000]-N,N-ditetradecylacetamide (ALC-0159)\n• 1,2-distearoyl-snglycero-3-phosphocholine (DPSC)\n• cholesterol\nSalts\n• potassium chloride\n• monobasic potassium phosphate\n• sodium chloride\n• basic sodium phosphate dihydrate\nOther\n• sucrose\nSource:MIT\nInteresting Reads:\n• The SPAC popgainsmore traction.\n• EU, UK to go theextramile in talks.\n• Bitcoin price dislocationsunpacked.\n• Direct-to-consumer growthsecrets.\n• 300 schoolboysmissingafter attack.\n• What iswrongwith the Cyber Truck?\n• Hyundai tocontrolBoston Dynamics.\n• American Air to offer COVIDtesting.\n• USsuesFacebook and gets a reply.\nMarket Moving Headline:During last week’s trade, U.S. index futures auctioned to new all-time highs, before moving back into balance.\nKey Takeaways:\n- Positioning points to further volatility.\n- Macro-, technical-landscape is still bullish.\nGiven that the higher-time frame breakout remains intact, the following frameworks for next week’s trade apply.\nIn the best case, buyers surface at the $3,654.75 low-volume node and extend range up to the high-volume node at $3,667.75. High-volume areas denote value and should slow prices allowing participants enough time to enter and exit trades. An initiative drive through this area would portend a test of the $3,690.75 high-volume node, and then the prior all-time rally high.\nIn the worst case, if the S&P 500 auctions below $3,630.00, participants would look to repair the poor structure just shy of $3,625.00. Finding acceptance (i.e., spending more than one half-hour of regular trade) below Friday’s range would be the most negative outcome.\nSource:Physik Invest\nSee more from Benzinga\n• Click here for options trades from Benzinga\n• 'Liquidity Jumping': Stock Market Update For The Week Ahead\n• Fintech Focus Roundup For December 12, 2020\n© 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.", 'Bitcoin , BTC to USD, rose by 1.92% on Sunday. Following on from a 4.25% rally on Saturday, Bitcoin ended the week down by 1.18% to $19,180.0. It was a mixed start to the day. Bitcoin fell to an early morning intraday low $18,720.7 before making a move. Steering clear of the first major support level at $18,264, Bitcoin rallied to an early afternoon intraday high $19,416.0. Bitcoin broke through the first major resistance level at $19,158 before falling back to sub-$19,100 levels. Finding support in the final hour, however, Bitcoin broke back through the first major resistance level to end the day at $19,180 levels. The near-term bullish trend remained intact, supported by the recovery to $19,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $10,095 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was a bullish end to the week. Cardano’s ADA (+6.48%), Chainlink (+5.93%), and Litecoin (+7.14%) led the way. Binance Coin (+3.37%), Crypto.com Coin (+3.75%), and Ethereum (+3.89%) also made solid gains. Bitcoin Cash SV (+1.58%), Polkadot (+1.29%), and Ripple’s XRP (+1.27%) trailed the front runners, however. For the week ending 13 th December, it was a bearish week for the majors, however. Ripple’s XRP led the way down, sliding by 17.78%. Bitcoin Cash SV (-7.1%), Cardano’s ADA (-3.06%), Chainlink (-4.32%), Crypto.com Coin (-3.94%), and Polkadot (-3.58%) also struggled. Binance Coin (-1.39%), Ethereum (-1.86%), and Litecoin (-1.65%) saw relatively modest losses in the week. For the week, the crypto total market cap rose to a Monday high $569.88bn before falling to a Friday low $509.01bn. At the time of writing, the total market cap stood at $551.5bn. Bitcoin’s dominance fell to a Wednesday low 63.03% before rising to a Sunday high 64.71%. At the time of writing, Bitcoin’s dominance stood at 64.24%. This Morning At the time of writing, Bitcoin was down by 0.55% to $19,074.0. A bearish start to the day saw Bitcoin fall from an early morning high $19,180.0 to a low $19.071.0. Story continues Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was a mixed start to the day. Bitcoin Cash SV bucked the trend early on, rising by 0.74%. It was a bearish start for the rest of the majors, however. At the time of writing, Ripple’s XRP was down by 0.99% to lead the way down. For the Bitcoin Day Ahead Bitcoin would need to move back through the pivot level at $19,106 to bring the first major resistance level at $19,490 into play. Support from the broader market would be needed for Bitcoin to break out from Sunday’s high $19,416.0. Barring an extended crypto rally, the first major resistance level and resistance at $19,500 would likely cap any upside. In the event of an extended crypto rally, the second major resistance level at $19,801 and resistance at $20,000 would likely come into play. Failure to move back through the $19,106 pivot would bring the first major support level at $18,795 into play. Barring an extended crypto sell-off, Bitcoin should steer clear of sub-$18,500 levels. The second major support level sits at $18,410. This article was originally posted on FX Empire More From FXEMPIRE: USD/JPY Fundamental Weekly Forecast – Risk Sentiment Driving the Price Action The Week Ahead – Brexit, COVID-19, Monetary Policy, Economic Data, and Capitol Hill in Focus Can COVID Cancel the Christmas Rally? Bitcoin and Ripple’s XRP – Weekly Technical Analysis – December 14th, 2020 Starbucks Breaks Out To All-Time High COVID-19 Vaccine Update – Pfizer Inc. Approval Imminent Amidst a Virus Surge', 'Bitcoin, BTC to USD, rose by 1.92% on Sunday. Following on from a 4.25% rally on Saturday, Bitcoin ended the week down by 1.18% to $19,180.0.\nIt was a mixed start to the day. Bitcoin fell to an early morning intraday low $18,720.7 before making a move.\nSteering clear of the first major support level at $1
**Last 60 Days of Bitcoin's Closing Prices:**
[11495.35, 11322.12, 11358.10, 11483.36, 11742.04, 11916.33, 12823.69, 12965.89, 12931.54, 13108.06, 13031.17, 13075.25, 13654.22, 13271.29, 13437.88, 13546.52, 13781.00, 13737.11, 13550.49, 13950.30, 14133.71, 15579.85, 15565.88, 14833.75, 15479.57, 15332.32, 15290.90, 15701.34, 16276.34, 16317.81, 16068.14, 15955.59, 16716.11, 17645.41, 17804.01, 17817.09, 18621.31, 18642.23, 18370.00, 18364.12, 19107.46, 18732.12, 17150.62, 17108.40, 17717.41, 18177.48, 19625.84, 18803.00, 19201.09, 19445.40, 18699.77, 19154.23, 19345.12, 19191.63, 18321.14, 18553.92, 18264.99, 18058.90, 18803.66, 19142.38]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2020-12-14
**Financial & Commodity Data:**
- Gold Closing Price: $1828.70
- Crude Oil Closing Price: $46.99
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $355,617,704,700
- Hash Rate: 134574371.39496115
- Transaction Count: 314350.0
- Unique Addresses: 696656.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.95
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Bitcoinwas higher, just above $13,000 and rising for a seventh straight day – the longest winning streak in six months.
“A continuation would probably require more positive news,” Matt Blom, head of sales and trading for the publicly traded cryptocurrency firm Diginex, wrote Thursday in a note to clients.
Intraditional markets, European indexes rose on positive corporate earnings and strong German manufacturing data, and U.S. stock futures pointed to a higher open. Gold strengthened to $1,911 an ounce.
Related:Bitcoin's Rivalry With Gold Plus Millennial Interest Gives It 'Considerable' Upside Potential: JPMorgan
A hallmark of the blockchain analysis is that there’s all sorts of data on the distributed computing networks available publicly to anyone with a browser.
So for crypto traders, why not use the data to get an edge?
CoinDesk’s Omkar Godbole talked to Philip Gradwell, chief economist at blockchain intelligence firm Chainalysis, about the data points he thinks are most important for crypto traders.
Below is a condensed list, though Godbole’sfull articleincludes a link to a video of the original interview.
Related:Bitcoin in Retirement Accounts with Adam Pokornicky and Adam Blumberg
1)Exchange inflows.A surge in a rising market might indicate looming selling pressure, a sign of feeble investor confidence.
2)Trade intensity.The metric, which measures the number of times an inflowing coin is traded, “tells us how many people are willing to buy bitcoins sent to exchanges,” according to Gradwell. So an uptick is a sign of trend strength.
3)Interexchange flows.Net flow from crypto-to-fiat exchanges to crypto-to-crypto exchanges suggests the market is dominated by stablecoin traders. In this scenario, a rise in the stablecoin’s issuance could be considered a leading indicator of an impending price rally.
4)Liquidity.A sustained rise in the number of illiquid entities – defined as those that send less than 25% of the assets it receives – is a sign of a strong long-term holding sentiment, and thus a bullish indicator.
5)Value transfers across blockchains.The metric represents usage of the blockchain and is typically accompanied by a rise in the transaction count. “When there’s greater usage of a cryptocurrency there’s more demand, and that drives the price up,” Gradwell said.
– Omkar Godbole
Read More:Five On-Chain Indicators Investors Should Follow
Bitcoin is eyeing its biggest weekly gain in six months.
The cryptocurrency is currently trading near $13,000, representing a 13% appreciation on a week-to-date basis, the most since April.
The Chicago Mercantile Exchange’s share of bitcoin’s futures market has increased alongside the price rally.
As of Thursday, bitcoin futures contracts worth $790 million were open on the CME, according to data source Skew. That’s 15.8% of the global open interest tally of $5 billion – the second highest contribution among major exchanges.
The exchange’s contribution to global open positions has jumped from 10% to 15.8% this month alone, indicating increased institutional participation.
From a technical analysis perspective, the focus is on the weekly close (Sunday, 23:59 UTC). If the cryptocurrency finishes above $12,476 (August high), a bullish breakout would be confirmed on the weekly chart.
That looks likely, as demand for the cryptocurrencyis strong. A breakout would strengthen the case for a rally to $14,000 before the year-end.
– Omkar Godbole
Read More:CME’s Rise in Bitcoin Futures Rankings Signals Growing Institutional Interest
Bitcoin (BTC):Hedge fund billionaire Paul Tudor Jones II tells CNBC that bitcoin rally isonly in “first inning.”
Tether (USDT):Chinese authoritiescrack down on gambling sitesusing dollar-linked stablecoin.
Ripple (XRP):CEO Brad Garlinghouse says blockchain payments company might move to London amid lingering uncertainty over XRP token’s legal and regulatory classification.
PayPal (ticker: PYPL) is exploring purchases of cryptocurrency companies including bitcoin custodian BitGo (CoinDesk)
BitMEX, under scrutiny from U.S. officials, proceeds to list new futures contract on Yearn.Finance’s YFI token, says contracts for polkadot (DOT) and Binance coin (BNB) are on the way. (CoinDesk)
Bitstamp, European cryptocurrency exchange, names Gemini alum Julian Sawyer as CEO (CoinDesk)
Spanish national police arrest operator of cryptocurrency arbitrage firm that some investors alleged to be a Ponzi scheme (CoinDesk)
PayPal’s push into digital currencies could benefit mass crypto adoption, Morgan Stanley says (CoinDesk)
Turkish lira weakens toward eight per dollar after central bank declines to raise interest rates to tamp down inflation expectations (FT)
Goldman Sachs agrees to pay $2.9 billion to resolve probes into 1MDB debacle involving Malaysian financier (CNBC)
The number of employees globally that permanently work from home is set to double by 2021 (Reuters)
The U.S. Consumer Financial Protection Bureau is seeking to change rules governing the access and use of consumer financial data (Reuters)
Singapore and Germany are setting up a “green lane” enabling travel for business or official reasons amid coronavirus restrictions (Bloomberg)
• First Mover: As Bitcoin Tops $13K, Analyst Explains How Blockchain Gives Clues on Next Move
• First Mover: As Bitcoin Tops $13K, Analyst Explains How Blockchain Gives Clues on Next Move...
- Reddit Posts (Sample): []...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
19417.08, 21310.60, 22805.16, 23137.96, 23869.83, 23477.29, 22803.08, 23783.03, 23241.35, 23735.95
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
["Bitcoin is once again front-page news. Firms have been stocking up on the daddy of crypto as the narrative on bitcoin has matured; it is steadily gaining acceptance in the financial world and edging closer to mainstream adoption.\nCleanSpark (CLSK) is the latest company to jump on the bandwagon. Last week, the microgrid software player announced it is buying bitcoin miner ATL Data Centers.\nThe purchase will cost CleanSpark $19.4 million in an all stock deal, and will mean CleanSpark will get its hands on ATL’s 3,471 mining rigs.\nBitcoin has been on a tear in 2020, up by 167% and is currently hovering not far beneath its all-time high. However, mining bitcoin is infamously energy intensive. Using its specialty software, CleanSpark says it can design and install microgrids to mitigate this factor.\nFollowing the announcement, H.C. Wainwright analystAmit Dayalincreased his projections for CleanSpark. The analyst now expects FY2021 and FY2030 revenues to hit $28.7 million and $266.1 million, up from the previous estimates of $20.3 million and $214.0 million, respectively. Additionally, Dayal’s EBITDA forecasts for the same periods get an upwards tweak, rising from a loss of $2.4 million and gain of $110.4 million, to gains of $1.6 million and $125.1 million.\nEvidently, the analyst thinks the new addition amounts to a good move. But while bitcoin is notorious for its energy consumption, it is just as infamous for its wild price swings. Accordingly, Dayal prepares investors for a bumpy ride.\n“We believe the company has capacity to scale both the data center services and bitcoin operations supported by the recent $40M financing,” the 5-star analyst said. “Management has suggested that additional acquisitions to strengthen the company's software portfolio may be undertaken, but we are not including those potential developments in our model. Investors should be aware that the company's entry into the bitcoin mining industry could subject the stock to additional volatility driven by headlines associated with the crypto-currency markets, and daily fluctuations in the price of bitcoin.”\nAll in all, Dayal rates CLSK shares a Buy along with a $24 price target. This figure suggests room for ~48% upside in the next 12 months. (To watch Dayal’s track record,click here)\nCleanspark appears to be flying under Wall Street’s radar right now, and no other analysts have posted recent CLSK reviews. (See CLSK stock analysis on TipRanks)\nTo find good ideas for stocks trading at attractive valuations, visit TipRanks’Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.\nDisclaimer: The opinions expressed in this article are solely those of the featured analyst. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.", "Bitcoin is once again front-page news. Firms have been stocking up on the daddy of crypto as the narrative on bitcoin has matured; it is steadily gaining acceptance in the financial world and edging closer to mainstream adoption. CleanSpark ( CLSK ) is the latest company to jump on the bandwagon. Last week, the microgrid software player announced it is buying bitcoin miner ATL Data Centers. The purchase will cost CleanSpark $19.4 million in an all stock deal, and will mean CleanSpark will get its hands on ATL’s 3,471 mining rigs. Bitcoin has been on a tear in 2020, up by 167% and is currently hovering not far beneath its all-time high. However, mining bitcoin is infamously energy intensive. Using its specialty software, CleanSpark says it can design and install microgrids to mitigate this factor. Following the announcement, H.C. Wainwright analyst Amit Dayal increased his projections for CleanSpark. The analyst now expects FY2021 and FY2030 revenues to hit $28.7 million and $266.1 million, up from the previous estimates of $20.3 million and $214.0 million, respectively. Additionally, Dayal’s EBITDA forecasts for the same periods get an upwards tweak, rising from a loss of $2.4 million and gain of $110.4 million, to gains of $1.6 million and $125.1 million. Evidently, the analyst thinks the new addition amounts to a good move. But while bitcoin is notorious for its energy consumption, it is just as infamous for its wild price swings. Accordingly, Dayal prepares investors for a bumpy ride. “We believe the company has capacity to scale both the data center services and bitcoin operations supported by the recent $40M financing,” the 5-star analyst said. “Management has suggested that additional acquisitions to strengthen the company's software portfolio may be undertaken, but we are not including those potential developments in our model. Investors should be aware that the company's entry into the bitcoin mining industry could subject the stock to additional volatility driven by headlines associated with the crypto-currency markets, and daily fluctuations in the price of bitcoin.” Story continues All in all, Dayal rates CLSK shares a Buy along with a $24 price target. This figure suggests room for ~48% upside in the next 12 months. (To watch Dayal’s track record, click here ) Cleanspark appears to be flying under Wall Street’s radar right now, and no other analysts have posted recent CLSK reviews. ( See CLSK stock analysis on TipRanks ) To find good ideas for stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy , a newly launched tool that unites all of TipRanks’ equity insights. Disclaimer: The opinions expressed in this article are solely those of the featured analyst. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.", "Bitcoin is once again front-page news. Firms have been stocking up on the daddy of crypto as the narrative on bitcoin has matured; it is steadily gaining acceptance in the financial world and edging closer to mainstream adoption.\nCleanSpark (CLSK) is the latest company to jump on the bandwagon. Last week, the microgrid software player announced it is buying bitcoin miner ATL Data Centers.\nThe purchase will cost CleanSpark $19.4 million in an all stock deal, and will mean CleanSpark will get its hands on ATL’s 3,471 mining rigs.\nBitcoin has been on a tear in 2020, up by 167% and is currently hovering not far beneath its all-time high. However, mining bitcoin is infamously energy intensive. Using its specialty software, CleanSpark says it can design and install microgrids to mitigate this factor.\nFollowing the announcement, H.C. Wainwright analystAmit Dayalincreased his projections for CleanSpark. The analyst now expects FY2021 and FY2030 revenues to hit $28.7 million and $266.1 million, up from the previous estimates of $20.3 million and $214.0 million, respectively. Additionally, Dayal’s EBITDA forecasts for the same periods get an upwards tweak, rising from a loss of $2.4 million and gain of $110.4 million, to gains of $1.6 million and $125.1 million.\nEvidently, the analyst thinks the new addition amounts to a good move. But while bitcoin is notorious for its energy consumption, it is just as infamous for its wild price swings. Accordingly, Dayal prepares investors for a bumpy ride.\n“We believe the company has capacity to scale both the data center services and bitcoin operations supported by the recent $40M financing,” the 5-star analyst said. “Management has suggested that additional acquisitions to strengthen the company's software portfolio may be undertaken, but we are not including those potential developments in our model. Investors should be aware that the company's entry into the bitcoin mining industry could subject the stock to additional volatility driven by headlines associated with the crypto-currency markets, and daily fluctuations in the price of bitcoin.”\nAll in all, Dayal rates CLSK shares a Buy along with a $24 price target. This figure suggests room for ~48% upside in the next 12 months. (To watch Dayal’s track record,click here)\nCleanspark appears to be flying under Wall Street’s radar right now, and no other analysts have posted recent CLSK reviews. (See CLSK stock analysis on TipRanks)\nTo find good ideas for stocks trading at attractive valuations, visit TipRanks’Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.\nDisclaimer: The opinions expressed in this article are solely those of the featured analyst. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.", 'By Anna Irrera\nLONDON, Dec 15 (Reuters) - SBI Financial Services, a subsidiary of Japanese group SBI Holdings Inc, has acquired UK-based cryptocurrency trading firm B2C2 and will become the first major financial group to run a digital asset dealing desk, the companies said on Tuesday.\nFinancial terms were not disclosed.\nFounded in 2015, B2C2 is one of the best-known cryptocurrency trading companies. It helps brokerages, exchanges and fund managers make large trades in virtual coins.\nSBI has been allowing its clients to trade through B2C2\'s platform since July, when it acquired a minority stake in the crypto firm.\nThe companies hope the acquisition will create the counterparty of choice for mainstream financial firms looking to invest in cryptocurrencies, they said.\n"Their (B2C2\'s) vision, expertise and offering complement SBI\'s, and we look forward to working in partnership as we expand our footprint across the global markets," said Yoshitaka Kitao, president and CEO of SBI Holdings.\nThe deal, which marks the latest move by a large financial institution in crypto, could help make the nascent asset class more mainstream.\nIt comes as bitcoin continues to soar to record highs against the dollar, backed by growing demand from investors who see the virtual currency as a hedge against inflation and a safe-haven asset.\nWhile cryptocurrencies have b
**Last 60 Days of Bitcoin's Closing Prices:**
[11322.12, 11358.10, 11483.36, 11742.04, 11916.33, 12823.69, 12965.89, 12931.54, 13108.06, 13031.17, 13075.25, 13654.22, 13271.29, 13437.88, 13546.52, 13781.00, 13737.11, 13550.49, 13950.30, 14133.71, 15579.85, 15565.88, 14833.75, 15479.57, 15332.32, 15290.90, 15701.34, 16276.34, 16317.81, 16068.14, 15955.59, 16716.11, 17645.41, 17804.01, 17817.09, 18621.31, 18642.23, 18370.00, 18364.12, 19107.46, 18732.12, 17150.62, 17108.40, 17717.41, 18177.48, 19625.84, 18803.00, 19201.09, 19445.40, 18699.77, 19154.23, 19345.12, 19191.63, 18321.14, 18553.92, 18264.99, 18058.90, 18803.66, 19142.38, 19246.64]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2020-12-15
**Financial & Commodity Data:**
- Gold Closing Price: $1852.30
- Crude Oil Closing Price: $47.62
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $355,617,704,700
- Hash Rate: 129933875.82961763
- Transaction Count: 320440.0
- Unique Addresses: 722550.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.91
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Bitcoin is knocking at the gates of $17,000 while Ethereum’s transaction growth in 2020 is a positive indicator of future financial use cases.
• Bitcoin(BTC) trading around $16,829 as of 21:00 UTC (4 p.m. ET). Gaining 6.1% over the previous 24 hours.
• Bitcoin’s 24-hour range: $15,792-$16,851
• BTC above its 10-day and 50-day moving averages, a bullish signal for market technicians.
Bitcoin’s price made big gains Monday, turning bullish out the gate from a weak weekend and hitting as high as $16,851, according to CoinDesk 20 data.
Read More:Citibank Analyst Says Bitcoin Could Pass $300K by December 2021
Related:First Mover: Bitcoin Tops $17K as Scaramucci Makes Entrée, Ethereum Meets Rival
“Bitcoin has accelerated to the upside on positive short-term momentum, upholding overbought conditions following its recent breakout above former resistance from 2019,” said Katie Stockton, a technical analyst for Fairlead Strategies.
Momentum, as measured in the form of volume, was at $688 million as of press time, higher than the past month’s $404 million daily average on major spot exchanges.
“The next resistance is final resistance from 2017 near $19,500,” Stockton added. Based on CoinDesk 20 data, the last time bitcoin was at this price level was back on Jan. 6, 2018, when the daily high was at $17,211.
In addition to bitcoin’s bullish run, global equities were also up Monday across the board, boosted by positive economic news – and promising results for another COVID-19 vaccine – in the face of a resurgence in the coronavirus pandemic:
• The Nikkei 225 closed in the green 2% asJapanese gross domestic product numbers grew by more than anticipated, boosting investor confidence.
• Europe’s FTSE 100 ended the day climbing 1.6%,boosted by the news drugmaker Moderna’s coronavirus vaccine proved to be 94.5% effective.
• In the United States the S&P gained 0.80% asfresh news on the vaccine front gave investors motivation to hit the buy button on a possible economic recovery.
Related:Gold Lags Far Behind Bitcoin as Vaccine Optimism Buoys Markets
According to several analysts, the climbing value of bitcoin is also giving the world’s oldest cryptocurrency an increasing use as value storage for lending, both from centralized players and in decentralized finance, or DeFi. Since November 2019,the amount of bitcoin “locked” in DeFi, for example, has skyrocketed from 1,422 to 174,673 BTC, a 12,183% increase.
“Lending has gained popularity in 2020 with players like Nexo, BlockFi and others with strong growth throughout the year,” said Jean Baptiste Pavageau, partner at quant trading firm ExoAlpha. “DeFi also allows the retail market to access those popular lending solutions thanks to the Ethereum network.”
“It actually provides a strong use case for BTC beyond the digital gold narrative, as it’s used as a pooling and yielding instrument,” said Vishal Shah, an options trader and founder of crypto exchange Alpha5. Shah also speculates that all this bitcoin on the Ethereum blockchain may decrease the separation between blockchains. “It may actually create a chain-agnostic paradigm.”
Ether(ETH), the second-largest cryptocurrency by market capitalization, was up Monday trading around $462 and climbing 4% in 24 hours as of 21:00 UTC (4:00 p.m. ET).
Read More:MakerDAO Loans Can Be Gamed to Hold Out Funds From Liquidation
Since the start of July, the Ethereum network has been averaging over one million transactions per day, according to data aggregator Glassnode. That number of transactions was first experienced three years ago during the 2017-2018 crypto market bubble.
Token swapping and stablecoins are a big part of this, as 35% of the network’s transactions are on Uniswap (18.93%) and involvetether(16.42%) on Monday, according toEth Gas Station.
“I think this is proof of the continued traction that Ethereum has been seeing as a platform during the second half of 2020,” noted Ben Chan, vice president of engineering for oracle provider ChainLink.
Uniswap’s transaction dominance in particular is a bullish sign on decentralized finance, or DeFi, according to Chan. “Unlike tether, which can move to other chains, DeFi is more sticky because assets and components of the ecosystem in themselves perpetuate a network effect.”
Digital assets on theCoinDesk 20are all green Monday. Notable winners as of 21:00 UTC (4:00 p.m. ET):
• litecoin(LTC) + 14%
• ethereum classic(ETC) + 6.6%
• xrp(XRP) + 6.1%
Read More:The SEC Is Still Working Out What ‘Qualified Custodian’ Means for Crypto
Commodities:
• Oil was up 3%. Price per barrel of West Texas Intermediate crude: $41.31.
• Gold was in the red 0.12% and at $1,886 as of press time.
Treasurys:
• The 10-year U.S. Treasury bond yield climbed Monday, up to 0.905 and in the green 0.19%.
• Market Wrap: Bitcoin Ascends to $16.8K; Uniswap and Tether 35% of Ethereum Transactions
• Market Wrap: Bitcoin Ascends to $16.8K; Uniswap and Tether 35% of Ethereum Transactions...
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
21310.60, 22805.16, 23137.96, 23869.83, 23477.29, 22803.08, 23783.03, 23241.35, 23735.95, 24664.79
|
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Bitcoin, BTC to USD, rose by 0.92% on Tuesday. Following on from a 0.53% gain on Monday, Bitcoin ended the day at $19,459.0.\nIt was a mixed start to the day. Bitcoin rose to an early morning high $19,570.0 before hitting reverse.\nBitcoin broke through the first major resistance level at $19,418 and the second major resistance level at $19,555.\nThe reversal saw Bitcoin slide to a mid-morning intraday low $19,070.0 before making a move.\nFinding support at the first major support level at $19,077, Bitcoin rallied to a late afternoon intraday high $19,607.0.\nBitcoin broke back through the first major resistance level at $19,418 and the second major resistance level at $19,555.\nA choppy end to the day, however, saw Bitcoin fall back through the major resistance levels to sub-$19,400 before ending the day at $19,450 levels.\nThe near-term bullish trend remained intact, supported by the recovery to $19,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $10,095 to form a near-term bearish trend.\nAcross the rest of the majors, it was a mixed day on Tuesday.\nRipple’s XRPslid by 5.85% to lead the way down once more.\nCardano’s ADA(-3.08%),Binance Coin(-1.70%),Chainlink(-1.17%), andLitecoin(-1.24%) also struggled.\nIt was a bullish day for the rest of the majors, however\nBitcoin Cash SV(+0.95%),Crypto.com Coin(+2.14%),Ethereum(+0.46%), and Polkadot (+6.00%) bucked the trend on the day.\nFor the current week, the crypto total market cap fell to a Monday low $545.05bn before rising to a Tuesday high $566.22bn. At the time of writing, the total market cap stood at $554.81bn.\nBitcoin’s dominance fell to a Monday low 64.21% before rising to a Tuesday high 64.85%. At the time of writing, Bitcoin’s dominance stood at 64.80%.\nAt the time of writing, Bitcoin was down by 0.50% to $19,361.0. A mixed start to the day saw Bitcoin rise to an early morning high $19,481.0 before falling to a low $19,317.8.\nBitcoin left the major support and resistance levels untested early on.\nElsewhere, it was a mixed start to the day.\nBitcoin Cash SV was up by 0.97% to buck the trend early on.\nIt was a bearish start for the rest of the majors, however.\nAt the time of writing, Chainlink and Ripple’s XRP were down by 2.19% and by 2.16% to lead the way down.\nBitcoin would need to move back through the pivot level at $19,379 to bring the first major resistance level at $19,687 into play.\nSupport from the broader market would be needed for Bitcoin to break out from Tuesday’s high $19,607.0.\nBarring an extended crypto rally, the first major resistance level and resistance at $19,700 would likely cap any upside.\nIn the event of an extended crypto rally, the second major resistance level at $19,916 and resistance at $20,000 could come into play.\nFailure to move back through the $19,379 pivot would bring the first major support level at $19,150 into play.\nBarring an extended crypto sell-off, Bitcoin should steer clear of the second major support level at $18,842.\nThisarticlewas originally posted on FX Empire\n• EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – December 16th, 2020\n• Crude Oil Price Update – Could Retest $46.04 After API Reports Unexpected 1.973 Million Barrel Build\n• The Crypto Daily – Movers and Shakers – December 16th, 2020\n• USD/JPY Forex Technical Analysis – Downside Momentum Points Toward 103.177 Main Bottom\n• Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – December 16th, 2020\n• Economic Data, Brexit, Stimulus Talks, and the FED in Focus', 'Bitcoin , BTC to USD, rose by 0.92% on Tuesday. Following on from a 0.53% gain on Monday, Bitcoin ended the day at $19,459.0. It was a mixed start to the day. Bitcoin rose to an early morning high $19,570.0 before hitting reverse. Bitcoin broke through the first major resistance level at $19,418 and the second major resistance level at $19,555. The reversal saw Bitcoin slide to a mid-morning intraday low $19,070.0 before making a move. Finding support at the first major support level at $19,077, Bitcoin rallied to a late afternoon intraday high $19,607.0. Bitcoin broke back through the first major resistance level at $19,418 and the second major resistance level at $19,555. A choppy end to the day, however, saw Bitcoin fall back through the major resistance levels to sub-$19,400 before ending the day at $19,450 levels. The near-term bullish trend remained intact, supported by the recovery to $19,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $10,095 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was a mixed day on Tuesday. Ripple’s XRP slid by 5.85% to lead the way down once more. Cardano’s ADA (-3.08%), Binance Coin (-1.70%), Chainlink (-1.17%), and Litecoin (-1.24%) also struggled. It was a bullish day for the rest of the majors, however Bitcoin Cash SV (+0.95%), Crypto.com Coin (+2.14%), Ethereum (+0.46%), and Polkadot (+6.00%) bucked the trend on the day. For the current week, the crypto total market cap fell to a Monday low $545.05bn before rising to a Tuesday high $566.22bn. At the time of writing, the total market cap stood at $554.81bn. Bitcoin’s dominance fell to a Monday low 64.21% before rising to a Tuesday high 64.85%. At the time of writing, Bitcoin’s dominance stood at 64.80%. This Morning At the time of writing, Bitcoin was down by 0.50% to $19,361.0. A mixed start to the day saw Bitcoin rise to an early morning high $19,481.0 before falling to a low $19,317.8. Story continues Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was a mixed start to the day. Bitcoin Cash SV was up by 0.97% to buck the trend early on. It was a bearish start for the rest of the majors, however. At the time of writing, Chainlink and Ripple’s XRP were down by 2.19% and by 2.16% to lead the way down. For the Bitcoin Day Ahead Bitcoin would need to move back through the pivot level at $19,379 to bring the first major resistance level at $19,687 into play. Support from the broader market would be needed for Bitcoin to break out from Tuesday’s high $19,607.0. Barring an extended crypto rally, the first major resistance level and resistance at $19,700 would likely cap any upside. In the event of an extended crypto rally, the second major resistance level at $19,916 and resistance at $20,000 could come into play. Failure to move back through the $19,379 pivot would bring the first major support level at $19,150 into play. Barring an extended crypto sell-off, Bitcoin should steer clear of the second major support level at $18,842. This article was originally posted on FX Empire More From FXEMPIRE: EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – December 16th, 2020 Crude Oil Price Update – Could Retest $46.04 After API Reports Unexpected 1.973 Million Barrel Build The Crypto Daily – Movers and Shakers – December 16th, 2020 USD/JPY Forex Technical Analysis – Downside Momentum Points Toward 103.177 Main Bottom Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – December 16th, 2020 Economic Data, Brexit, Stimulus Talks, and the FED in Focus', 'U.S. President Donald Trump is reportedly weighing whether he should give the jailed founder of the defunct dark web marketplace Silk Road, Ross Ulbricht, a pardon. According to a report by the Daily Beast on Tuesday, the White House Counsel\x92s office is reviewing Ulbricht\x92s case documents. The Daily Beast cites three sources familiar with the matter claiming the president has been reviewing cases ahead of his next round of pardons and commutations before the Jan. 20, 2021, inauguration of President-elect Joe Biden. Related: Crypto Impact Unclear After Joe Biden Unseats Donald Trump as Next US President A final decision on Ulbricht\x92s case has yet to be determined, according to the report, but the notorious Silk Road founder reportedly has influential backers within the president\x92s inner circles pushing for a pardon, the report said. \x93I\x92ve had documents forwarded to my contacts in the White House as early as February,\x94 said activist Weldon Angelos, a former music producer and ex-federal prison inmate, cited in the Daily Beast article. Weldon was quoted in the report as saying he had been contacted by Ulbricht\x92s family and was \x93hopeful\x94 that Trump would commute his sentence in full, adding, \x93This case has perhaps more support than I\x92ve seen in any case of this kind.\x94 Ulbricht was the founder and main administrator of the dark web marketplace the Silk Road back in 2011 that used bitcoin as its main payment method for dealing in illicit contraband including drugs and weapons. Related: US Seized More Than $1B in Silk Road\x96Linked Bitcoins, Seeks Forfeiture The Silk Road used Tor anonymity to hide the location of servers and drew the ire of law enforcement as the site grew in popularity and notoriety. See also: No Visits, No Parole: Ross Ulbricht Is More Alone Than Ever During COVID-19 After a long investigation, Ulbricht\x92s online identity \x96 Dread Pirate Roberts \x96 was revealed and he was subsequently arrested, charged and convicted for money laundering, computer fraud and various drug charges. He is currently serving a double\xa0life\xa0sentence plus 40 years\xa0without\xa0chance for parole. Story continues Ulbricht is considered a cult hero amongst some in the crypto community as well as political activists who argue that his sentence was unnecessarily harsh. Related Stories Silk Road\x92s Ulbricht Being Considered for Pardon by Trump: Report Silk Road\x92s Ulbricht Being Considered for Pardon by Trump: Report', 'U.S. President Donald Trump is reportedly weighing whether he should give the jailed founder of the defunct dark web marketplace Silk Road, Ross Ulbricht, a pardon.\nAccording to a report by theDaily Beaston Tuesday, the White House Counsel’s office is reviewing Ulbricht’s case documents.\nThe Daily Beast cites three sources familia
**Last 60 Days of Bitcoin's Closing Prices:**
[11358.10, 11483.36, 11742.04, 11916.33, 12823.69, 12965.89, 12931.54, 13108.06, 13031.17, 13075.25, 13654.22, 13271.29, 13437.88, 13546.52, 13781.00, 13737.11, 13550.49, 13950.30, 14133.71, 15579.85, 15565.88, 14833.75, 15479.57, 15332.32, 15290.90, 15701.34, 16276.34, 16317.81, 16068.14, 15955.59, 16716.11, 17645.41, 17804.01, 17817.09, 18621.31, 18642.23, 18370.00, 18364.12, 19107.46, 18732.12, 17150.62, 17108.40, 17717.41, 18177.48, 19625.84, 18803.00, 19201.09, 19445.40, 18699.77, 19154.23, 19345.12, 19191.63, 18321.14, 18553.92, 18264.99, 18058.90, 18803.66, 19142.38, 19246.64, 19417.08]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2020-12-16
**Financial & Commodity Data:**
- Gold Closing Price: $1856.10
- Crude Oil Closing Price: $47.82
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $386,566,663,897
- Hash Rate: 132718173.16882376
- Transaction Count: 315217.0
- Unique Addresses: 751162.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.92
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: U.S. cryptocurrency exchange Coinbase has disabled trading due to feed issues amidbitcoin’sascension towards 2019 highs near $13,880.
• According to acompany updateon Wednesday, Coinbase said it is “currently investigating the issue,” but no further comment was provided.
• Coinbase has suffered a number of outages during busy trading periods this year including on Sept. 4, the last time an outage caused trading to halt, according to the company’s status page.
• The outage comes at a time when bitcoin has been fast approaching new highs not seen since June 26, 2019.
• “All updates will be posted in the link,” Coinbase Senior Manager of Communications Crystal Yang told CoinDesk via email.
See also:Coinbase Received Over 1,800 Law Enforcement Information Requests in the First Half of 2020
• Coinbase Goes Down as Bitcoin Approaches 2019 Highs
• Coinbase Goes Down as Bitcoin Approaches 2019 Highs
• Coinbase Goes Down as Bitcoin Approaches 2019 Highs
• Coinbase Goes Down as Bitcoin Approaches 2019 Highs...
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
22805.16, 23137.96, 23869.83, 23477.29, 22803.08, 23783.03, 23241.35, 23735.95, 24664.79, 26437.04
|
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['By Matt Scuffham NEW YORK (Reuters) - Global stocks hit record highs on Thursday, fueled by growing optimism that deals will be reached over a fresh U.S. stimulus package and a post-Brexit trade deal between the United Kingdom and the European Union. From stocks to safe-haven gold and volatile bitcoin, financial assets were in festive mood. Bitcoin hit another all-time high after first shattering the $20,000 level on Wednesday. Oil also climbed, touching a nine-month high, with strong Asian demand adding to positive sentiment. The U.S. dollar was the day\'s standout loser, as the general risk-on mood sent the safe haven currency to 2-1/2-year lows against major peers. U.S. congressional negotiators were "closing in on" a $900 billion COVID-19 aid bill expected to include $600-$700 stimulus checks to individuals, lawmakers said on Wednesday. Progress on a stimulus package overshadowed continued concerns over the economic impact of the pandemic, highlighted by U.S. weekly jobless claims hitting a three-month high on Thursday and weak U.S. retail sales data on Wednesday. All the major U.S. indices closed at record highs. The Dow Jones Industrial Average rose 0.49% to end at 30,301.79 points, while the S&P 500 .SPX gained 0.57% to 3,722.43. The Nasdaq Composite climbed 0.84% to 12,764. "Wall Street is completely focused on stimulus talks and ignored deteriorating U.S. economic data," said Edward Moya, senior market analyst at OANDA in New York. The dollar index, which tracks the greenback versus a basket of six currencies, fell 0.599 points or 0.66%, to 89.851. "The dollar is reflecting the amount of debt that the U.S. is assuming and that\'s probably going to increase as we continue to battle the pandemic," said Tim Ghriskey, chief investment strategist at Inverness Counsel in New York. U.S. Federal Reserve Chairman Jerome Powell vowed on Wednesday to keep pouring cash into markets until the U.S. economic recovery is secure. Story continues Bond traders, however, were disappointed he did not extend the Fed\'s purchase program deeper down the yield curve, and U.S. Treasuries sold off at longer tenors, but others took it as a signal the bank will have their back. [US/] The MSCI world stock index reached a new high, rising 4.74 points or 0.74%, to 641.84. European stocks and the euro rallied for the fourth straight session as investors built up positions in riskier assets, anticipating a sharp economic recovery in 2021 backed by wider vaccine rollouts and ultra-easy monetary policy. Europe\'s broad FTSEurofirst 300 index added 0.23%, at 1,533. The British pound hit May 2018 highs on hopes of a post-Brexit trade deal. Sterling maintained gains despite senior British minister Michael Gove putting the chances of securing a trade deal with the EU at less than 50%. The euro was last up 0.54% at $1.2263. Brent crude futures settled up 42 cents at $51.50 a barrel, and touched a session high of $51.90. U.S. West Texas Intermediate (WTI) crude futures rose by 54 cents to $48.36 a barrel, with a session high of $48.59. Both benchmarks hit their highest since early March. Gold prices rose to a one-month peak. Spot gold prices rose $20.1179 or 1.08 percent, to $1,884.26 an ounce. U.S. gold futures settled up 1.7% at $1,890.40. Better-than-expected labor data in Australia pushed the Aussie as high as $0.7624, its strongest since mid-2018. [AUD/] The Aussie is also riding high on surging prices for iron ore and a mood that has pushed currencies in Malaysia, Singapore, Thailand, Taiwan, Sweden and Norway to milestone peaks. [EMRG/FRX] The kiwi rose to its strongest since early 2018 after New Zealand\'s economic growth beat expectations. MSCI\'s broadest index of Asia-Pacific shares outside Japan rose 4.29 points or 0.66 percent,%. The yen was last down 0.36 percent, at $103.1100. (Reporting by Matt Scuffham, Editing by Nick Zieminski)', 'By Matt Scuffham NEW YORK (Reuters) - Global stocks hit record highs on Thursday, fueled by growing optimism that deals will be reached over a fresh U.S. stimulus package and a post-Brexit trade deal between the United Kingdom and the European Union. From stocks to safe-haven gold and volatile bitcoin, financial assets were in festive mood. Bitcoin hit another all-time high after first shattering the $20,000 level on Wednesday. Oil also climbed, touching a nine-month high, with strong Asian demand adding to positive sentiment. The U.S. dollar was the day\'s standout loser, as the general risk-on mood sent the safe haven currency to 2-1/2-year lows against major peers. U.S. congressional negotiators were "closing in on" a $900 billion COVID-19 aid bill expected to include $600-$700 stimulus checks to individuals, lawmakers said on Wednesday. Progress on a stimulus package overshadowed continued concerns over the economic impact of the pandemic, highlighted by U.S. weekly jobless claims hitting a three-month high on Thursday and weak U.S. retail sales data on Wednesday. All the major U.S. indices closed at record highs. The Dow Jones Industrial Average rose 0.49% to end at 30,301.79 points, while the S&P 500 .SPX gained 0.57% to 3,722.43. The Nasdaq Composite climbed 0.84% to 12,764. "Wall Street is completely focused on stimulus talks and ignored deteriorating U.S. economic data," said Edward Moya, senior market analyst at OANDA in New York. The dollar index, which tracks the greenback versus a basket of six currencies, fell 0.599 points or 0.66%, to 89.851. "The dollar is reflecting the amount of debt that the U.S. is assuming and that\'s probably going to increase as we continue to battle the pandemic," said Tim Ghriskey, chief investment strategist at Inverness Counsel in New York. U.S. Federal Reserve Chairman Jerome Powell vowed on Wednesday to keep pouring cash into markets until the U.S. economic recovery is secure. Story continues Bond traders, however, were disappointed he did not extend the Fed\'s purchase program deeper down the yield curve, and U.S. Treasuries sold off at longer tenors, but others took it as a signal the bank will have their back. [US/] The MSCI world stock index reached a new high, rising 4.74 points or 0.74%, to 641.84. European stocks and the euro rallied for the fourth straight session as investors built up positions in riskier assets, anticipating a sharp economic recovery in 2021 backed by wider vaccine rollouts and ultra-easy monetary policy. Europe\'s broad FTSEurofirst 300 index added 0.23%, at 1,533. The British pound hit May 2018 highs on hopes of a post-Brexit trade deal. Sterling maintained gains despite senior British minister Michael Gove putting the chances of securing a trade deal with the EU at less than 50%. The euro was last up 0.54% at $1.2263. Brent crude futures settled up 42 cents at $51.50 a barrel, and touched a session high of $51.90. U.S. West Texas Intermediate (WTI) crude futures rose by 54 cents to $48.36 a barrel, with a session high of $48.59. Both benchmarks hit their highest since early March. Gold prices rose to a one-month peak. Spot gold prices rose $20.1179 or 1.08 percent, to $1,884.26 an ounce. U.S. gold futures settled up 1.7% at $1,890.40. Better-than-expected labor data in Australia pushed the Aussie as high as $0.7624, its strongest since mid-2018. [AUD/] The Aussie is also riding high on surging prices for iron ore and a mood that has pushed currencies in Malaysia, Singapore, Thailand, Taiwan, Sweden and Norway to milestone peaks. [EMRG/FRX] The kiwi rose to its strongest since early 2018 after New Zealand\'s economic growth beat expectations. MSCI\'s broadest index of Asia-Pacific shares outside Japan rose 4.29 points or 0.66 percent,%. The yen was last down 0.36 percent, at $103.1100. (Reporting by Matt Scuffham, Editing by Nick Zieminski)', '* Pound buoyed as EU chief says agreement closer * Bitcoin rises to all-time high above $21,000 * Graphic: World FX rates in 2020 https://tmsnrt.rs/2RBWI5E By Kevin Buckland TOKYO, Dec 17 (Reuters) - The dollar languished near fresh 2-1/2-year lows against its major rivals on Thursday as progress toward agreeing a U.S. stimulus package and a Brexit deal boosted risk appetite at the expense of the safest assets. Congressional negotiators were "closing in on" a $900 billion COVID-19 aid bill, lawmakers and aides said on Wednesday, with the tone the most positive it\'s been in months. Across the Atlantic, the European Union\'s chief executive said a deal with the UK was nearer, although success wasn\'t guaranteed. "As the world gets more optimistic about the outlook for growth in 2021, the dollar has softened," said Michael McCarthy, chief strategist at broker CMC Markets in Sydney. "Further weakening of the dollar is on the cards." The euro traded at $1.21945 early in the Asian day, after reaching $1.22120 on Wednesday, the strongest since April 2018. The pound bought $1.3500 having risen to $1.3553 the previous session for the first time since May 2018. The Federal Reserve on Wednesday vowed to keep funnelling cash into financial markets until the U.S. economic recovery is secure, a promise of long-term help that fell short of some investors\' hopes of an immediate move to shore up a recent pandemic-related slide. The dollar index jerked higher after the Fed\'s announcement, but then sank back towards the day\'s low of 90.126, a level not seen since April 2018. The greenback was little changed at 103.475 yen, another safe haven currency. The Australian dollar was also largely steady at 75.807 U.S. cents, while its New Zealand peer slipped 0.1% to 71.05 U.S. cents. Bitcoin traded at $21,342 after smashing through the $20,000 barrier for the first time overnight, and extending as high as $21,420 on Thursday. "Bitcoin is still on its latest tear," Ray Attrill, head of foreign exchange strategy at National Australia Bank in Sydney, wrote in a client note. "I still don\'t want one for Christmas." ======================================================== Currency bid prices at 9:36AM (036
**Last 60 Days of Bitcoin's Closing Prices:**
[11483.36, 11742.04, 11916.33, 12823.69, 12965.89, 12931.54, 13108.06, 13031.17, 13075.25, 13654.22, 13271.29, 13437.88, 13546.52, 13781.00, 13737.11, 13550.49, 13950.30, 14133.71, 15579.85, 15565.88, 14833.75, 15479.57, 15332.32, 15290.90, 15701.34, 16276.34, 16317.81, 16068.14, 15955.59, 16716.11, 17645.41, 17804.01, 17817.09, 18621.31, 18642.23, 18370.00, 18364.12, 19107.46, 18732.12, 17150.62, 17108.40, 17717.41, 18177.48, 19625.84, 18803.00, 19201.09, 19445.40, 18699.77, 19154.23, 19345.12, 19191.63, 18321.14, 18553.92, 18264.99, 18058.90, 18803.66, 19142.38, 19246.64, 19417.08, 21310.60]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2020-12-17
**Financial & Commodity Data:**
- Gold Closing Price: $1887.20
- Crude Oil Closing Price: $48.36
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $386,566,663,897
- Hash Rate: 119724785.58586197
- Transaction Count: 309481.0
- Unique Addresses: 754492.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.92
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: NEW YORK, NY / ACCESSWIRE / November 1, 2020 /ALT 5 Sigma Inc. an emerging leader in blockchain powered financial platforms provides its daily digital instruments market summary for Bitcoin (BTC/USD), Ether (ETH/USD), Litecoin (LTC/USD).
Real-Time Market Data is available atwww.alt5pro.comand Real-Time Market Data feed is also available atwww.alt5sigma.comALT 5 Sigma Digital Instrument Market Summary for BTC, ETH, LTC, BCH
[["Digital Asset", "Pair", "Price", "24hr Chg", "7d Chg", "24/hr Volume", "MarketCap"], ["Bitcoin", "BTC/USD", "$13,813.10", "$0.00", "$0.06", "$23,455 M", "$255,977 M"], ["Ethereum", "ETH/USD", "$394.46", "$0.02", "-$0.03", "$8,876 M", "$44,673 M"], ["XRP", "XRP/USD", "$0.24", "-$0.00", "-$0.05", "$1,833 M", "$10,877 M"], ["Bitcoin Cash", "BCH/USD", "$268.87", "$0.03", "-$0.01", "$1,767 M", "$4,990 M"], ["Litecoin", "LTC/USD", "$55.63", "$0.00", "-$0.06", "$1,982 M", "$3,660 M"], ["Bitcoin SV", "BSV/USD", "$164.36", "-$0.01", "-$0.10", "$591 M", "$3,050 M"], ["EOS", "EOS/USD", "$2.51", "-$0.01", "-$0.07", "$1,734 M", "$2,348 M"], ["Monero", "XMR/USD", "$125.51", "-$0.01", "-$0.05", "$789 M", "$2,227 M"], ["Stellar", "XLM/USD", "$0.08", "-$0.01", "-$0.07", "$115 M", "$1,623 M"], ["Dash", "DASH/USD", "$69.26", "-$0.02", "-$0.03", "$366 M", "$678 M"]]
About ALT 5 Sigma Inc.
ALT 5 is a fintech company specializing in the development and deployment of digital assets trading and exchange platforms. Alt 5 was founded by financial industry specialists out of the necessity to provide the digital asset economy with security, accessibility, transparency and compliance.
ALT 5 provides its clients the ability to buy, sell and hold digital assets in a safe and secure environment deployed with the best practices of the financial industry. ALT 5's products and services are available to Banks, Broker Dealers, Funds, Family Offices, Professional Traders, Retail Traders, Digital Asset Exchanges, Digital Asset Brokers, Blockchain Developers, and Financial Information Providers.
ALT 5's digital asset custodian services are secured by GardaWorld. GardaWorld is the world's largest privately-owned business solutions and security services company, offering cash management services.
For more information, visitwww.alt5sigma.com.
Contact:
Andre BeauchesneTel. [email protected]
For more information on ALT 5 Pay, visitwww.alt5pay.comFor more information on ALT 5 Pro, visitwww.alt5pro.com
SOURCE:ALT 5 Sigma Inc.
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Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
23137.96, 23869.83, 23477.29, 22803.08, 23783.03, 23241.35, 23735.95, 24664.79, 26437.04, 26272.29
|
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['VANCOUVER, British Columbia, Dec. 17, 2020 (GLOBE NEWSWIRE) -- Neptune Dash Technologies Corp. (TSX-V:DASH) (OTC:NPPTF) (FSE:1NW) (the "Company") is pleased to announce that, further to its news release dated December 8, 2020, the Company has changed its name to “Neptune Digital Assets Corp..” Effective at the opening of trading on \u200eMonday, \u200eDecember 21, 2020, the common shares of the Company will trade on the TSX-V under the new name. The Company’s trading symbol “DASH” will remain unchanged. There is no consolidation of capital associated with the name change.\n“Our new name now accurately reflects our overall strategy of being a well-diversified and low operational cost crypto currency company, with our largest holdings in some of the best performing assets of 2020 such as BTC and ATOM”, stated Cale Moodie, Neptune CEO.\nNo action is required from shareholders in connection with the proposed name change.Issued \u200ecertificates representing commons shares of the Company will not be affected by the change of name \u200eand will not need to be exchanged. The Company encourages shareholders to contact their broker or \u200eagents with any questions regarding the proposed name change. \u200e\nAbout Neptune Digital Assets Corp.\nThe Company has a diversified cryptocurrency portfolio with investments made in top market cap tokens, proof-of-stake cryptocurrencies, decentralized finance and associated blockchain technologies.\nON BEHALF OF THE BOARD\nCale Moodie, President and CEONeptune Dash Technologies Corp.www.neptunedash.comPhone: (604) 319-6955Email:[email protected]\nForward-Looking Statements\nThis release contains certain “forward looking statements” and certain “forward-looking information” as defined under applicable Canadian securities laws. Forward-looking statements and information can generally be identified by the use of forward-looking terminology such as “may”, “will”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “continue”, “plans”, “proposes” or similar terminology. Forward-looking statements and information include, but are not limited to, the future success of the Company’s overall strategy of being a well-diversified and low cost of operations crypto currency company\u200e. Forward-looking statements and information are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that, while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Forward-looking statements and information are subject to various known and unknown risks and uncertainties, \u200emany of which are beyond the ability of the Company to control or predict, that may cause the Company’s actual \u200eresults, performance or achievements to be materially different from those expressed or implied thereby, and are \u200edeveloped based on assumptions about such risks, uncertainties and other factors set out herein, including but not \u200elimited to: the inherent risks involved in the cryptocurrency and general securities markets; the Company’s ability to \u200esuccessfully mine digital currency; revenue of the Company may not increase as currently anticipated, or at all; the \u200eCompany may not be able to profitably liquidate its current digital currency inventory, or at all; a decline in digital \u200ecurrency prices may have a significant negative impact on the Company’s operations; the volatility of digital currency \u200eprices; uncertainties relating to the availability and costs of financing needed in the future; the inherent uncertainty of \u200eproduction and cost estimates and the potential for unexpected costs and expenses, currency fluctuations; regulatory \u200erestrictions, liability, competition, loss of key employees and other related risks and uncertainties. The Company does \u200enot undertake any obligation to update forward-looking information except as required by applicable law. Such \u200eforward-looking information represents management\'s best judgment based on information currently available. No \u200eforward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are \u200eadvised not to place undue reliance on forward-looking statements or information.\u200e', "The Internal Revenue Service explicitly asks taxpayers to disclose their cryptocurrency transactions on thenewest tax form, making it easier for the federal government to tamp down on fraud or tax evasion later down the line.\nUS DOLLAR SINKS WITH FED'S NEWS\n“At any time during 2020, did you receive, sell, send, exchange, or otherwise acquire any financial interest in any virtual currency?” the form, released last week, asks, with two options: yes or no.\nThe question about virtual currencies has been included in tax forms since 2014, as a disclosure that should be treated as property for tax purposes. Cryptocurrency sales or exchanges are taxed as a capital gain or loss, much like a stock or bond, and income from the currencies are also taxed.\nBut this year, the recently released Form 1040 has the question listed first, right below the taxpayer's name and address, indicating the spotlight the IRS has on cryptocurrencies.\nBLADE HELICOPTER START-UP TALKS ABOUT GOING PUBLIC DUE IN 2021\nThe crackdown by the IRS comes asBitcoinreached a record valuation of$16,118, its highest level since 2018, in November.\nThe IRS has ramped up investigations on underreported cryptocurrency investments in recent years, even summoning digital currency exchange Coinbase and Bitstamp to release information about their investors' activity to glean information about underreported capital assets.\nGET FOX BUSINESS ON THE GO BY CLICKING HERE\nAmongst its high-profile cases include software mogul John McAfee, who was charged in October with alleged tax evasion using cryptocurrency.\nRelated Articles\n• How to Make a Tax Lien Disappear\n• I Inherited $20K. Do I Have to Pay Taxes?\n• Don’t Become a Victim of a Tax-Relief Scam", "The Internal Revenue Service explicitly asks taxpayers to disclose their cryptocurrency transactions on the newest tax form , making it easier for the federal government to tamp down on fraud or tax evasion later down the line. US DOLLAR SINKS WITH FED'S NEWS “At any time during 2020, did you receive, sell, send, exchange, or otherwise acquire any financial interest in any virtual currency?” the form, released last week, asks, with two options: yes or no. The question about virtual currencies has been included in tax forms since 2014, as a disclosure that should be treated as property for tax purposes. Cryptocurrency sales or exchanges are taxed as a capital gain or loss, much like a stock or bond, and income from the currencies are also taxed. But this year, the recently released Form 1040 has the question listed first, right below the taxpayer's name and address, indicating the spotlight the IRS has on cryptocurrencies. BLADE HELICOPTER START-UP TALKS ABOUT GOING PUBLIC DUE IN 2021 The crackdown by the IRS comes as Bitcoin reached a record valuation of $16,118 , its highest level since 2018, in November. The IRS has ramped up investigations on underreported cryptocurrency investments in recent years, even summoning digital currency exchange Coinbase and Bitstamp to release information about their investors' activity to glean information about underreported capital assets. GET FOX BUSINESS ON THE GO BY CLICKING HERE Amongst its high-profile cases include software mogul John McAfee, who was charged in October with alleged tax evasion using cryptocurrency. Related Articles How to Make a Tax Lien Disappear I Inherited $20K. Do I Have to Pay Taxes? Don’t Become a Victim of a Tax-Relief Scam", 'Bitcoin Evolution is a fully automated cryptocurrency trading platform. The system has been enhanced with an advanced trading algorithm that is leveraged by a trading robot.\nNew York City, NY, Dec. 17, 2020 (GLOBE NEWSWIRE) -- You must be looking to make money from an establishment and want to make it a constant income source. It would help if you went for the approach that has already earned a bunch of positive responses from people. Go for the one that already has been proven to operate.\nThere are millions of people around the world who are interested in digital currencies (1) and are also investing for an amazing amount of turnovers. At present, the crypto world has another easy path for letting investors do trading, without having to do much work, crypto trading robots (2).\nThis report will give you a clear review of one of the unique automated crypto trading platforms known as theBitcoin Evolution. Before you start going through this in detail, we can happily say that Bitcoin Evolution is definitely worth a shot. This is a platform you can definitely trust. We have tested all the features and are here to inform you about each and every characteristic it offers.\nOpen Your Bitcoin Evolution Account Now From The Official Site\nBitcoin Evolution\nBitcoin Evolution is a unique auto trading platform that has been helping many people in trading by investing in cryptocurrency (3). Bitcoin Evolution is developed as a very uncomplicated crypto trading platform to permit both amateur and expert investors to make a lot from the crypto market. The ones to build up this outstanding automated trading platform have inflated this platform to operate transactions freely.\nOn this particular crypto trading platform, each and everything operates just with one click. Yes, it is that simple. This is one of the most highlighting points about this crypto trading robot as it makes users handle this site with no pressure and high comfort. Thus, it is suitable for anyone who desires to do trading.\nMUST SEE:“Shocking New Bitcoin Evolution Report – What They’ll Never Tell You”\nA Synopsis on the Functions\nDo you want to earn from an automated cryptocurrency trading pla
**Last 60 Days of Bitcoin's Closing Prices:**
[11742.04, 11916.33, 12823.69, 12965.89, 12931.54, 13108.06, 13031.17, 13075.25, 13654.22, 13271.29, 13437.88, 13546.52, 13781.00, 13737.11, 13550.49, 13950.30, 14133.71, 15579.85, 15565.88, 14833.75, 15479.57, 15332.32, 15290.90, 15701.34, 16276.34, 16317.81, 16068.14, 15955.59, 16716.11, 17645.41, 17804.01, 17817.09, 18621.31, 18642.23, 18370.00, 18364.12, 19107.46, 18732.12, 17150.62, 17108.40, 17717.41, 18177.48, 19625.84, 18803.00, 19201.09, 19445.40, 18699.77, 19154.23, 19345.12, 19191.63, 18321.14, 18553.92, 18264.99, 18058.90, 18803.66, 19142.38, 19246.64, 19417.08, 21310.60, 22805.16]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2020-12-18
**Financial & Commodity Data:**
- Gold Closing Price: $1885.70
- Crude Oil Closing Price: $49.10
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $386,566,663,897
- Hash Rate: 145711560.75178552
- Transaction Count: 375549.0
- Unique Addresses: 851929.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.95
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: PayPal Holdings, Inc. (PYPL) shares surged 5.5% to a new all-time high (ATH)Wednesdayafter the digital payments company announced it plans to introduce cryptocurrencies to its platform. The firm said that it will initially allow U.S. customers to buy, hold and sell Bitcoin, Bitcoin Cash, Ethereum and Litecoin within their PayPal wallet in the coming weeks, followed by the ability to purchase goods and services using cryptocurrencies by early next year.
Management believes the company’s move into digital currencies will significantly increase their utility. “Consumers will be able to instantly convert their selected cryptocurrency balance to fiat currency, with certainty of value and no incremental fees,” the company said,per MarketWatch. PayPal also indicated that it wants to work alongside central banks and regulators to help share digital currencies’ role in the future of online payments.
As of Oct. 22, 2020, PayPal stock has a $250 billion market capitalization and is up nearly 100% on the year. In the past three months alone, the shares have added over 20%. By comparison, over the same periods, the Nasdaq Composite has risen 28% and 7.27%, respectively. From a valuation standpoint, the stock trades at a 42% premium to its five-year average forward earnings multiple of around 32 times.
Barclays analyst Ramsey El-Assal raised the bank’s price target on PayPal yesterday to $235 from $228 and reiterated his ‘Overweight’ rating on the shares. EL-Assal sees COVID-related tailwinds supporting the company as e-commerce sales remain at elevated levels, despite easing slightly quarter-over-quarter. Meanwhile, Wolfe Research’s Darrin Peller told clients in a research note that the move into cryptocurrency “represents among the more import steps for crypto utility/normalization we have seen in years.”
Elsewhere on Wall Street, analysts remain overwhelmingly bullish on the stock. It receives 34 ‘Buy’ ratings, 3 ‘Overweight’ ratings, and 6 ‘Hold’ ratings. Only one analyst currently recommends selling the shares. Price targets range from a Street high $290 to a low of $200, with the average consensus forecast pegged at $220. This implies a 3% premium to Wednesday’s $213.07 close.
PayPal shares trended sharply high between mid-March and early August but have remained rangebound since. Therefore, yesterday’s breakout on heavy volume to a fresh ATH may trigger further buying in subsequent trading sessions. Those who position for additional gains should consider using a fast period moving average, such as a 15-day SMA, as a trailing stop. To implement this exit strategy, remain in the trade until the share price closes below the indicator.
Thisarticlewas originally posted on FX Empire
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- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
23869.83, 23477.29, 22803.08, 23783.03, 23241.35, 23735.95, 24664.79, 26437.04, 26272.29, 27084.81
|
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Bitcoin, BTC to USD, rose by 1.46% on Friday. Following on from a 6.89% rally on Thursday, Bitcoin ended the day at $23,124.0.\nIt was a mixed start to the day. Bitcoin slipped to an early morning low $22,466.0 before making a move.\nSteering clear of the first major support level at $21,445, Bitcoin rose to a late morning intraday high $23,287.0.\nFalling short of the first major resistance level at $23,878, however, Bitcoin slid back to a mid-afternoon intraday low $22,362.0.\nSteering clear of the major support levels once more, Bitcoin moved back through to $23,000 levels to end the day in the green.\nThe near-term bullish trend remained intact, supported by the breakthrough to $23,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $11,500 to form a near-term bearish trend.\nAcross the rest of the majors, it was another mixed day on Friday.\nLitecoinrallied by 8.31% to lead the way.\nBinance Coin(+2.60%),Cardano’s ADA(+1.13%),Chainlink(+0.42%),Ethereum(+1.77%), andRipple’s XRP(+1.29%) also joined Bitcoin in the green.\nIt was a bearish day for the rest of the majors, however.\nBitcoin Cash SV(-0.50%),Crypto.com Coin(-5.52%) and Polkadot (-1.00%) saw red on the day\nFor the current week, the crypto total market cap fell to a Monday low $545.05bn before rising to a Thursday high $679.01bn. At the time of writing, the total market cap stood at $643.64bn.\nBitcoin’s dominance fell to a Monday low 64.21% before rising to a Friday high 66.72%. At the time of writing, Bitcoin’s dominance stood at 66.38%.\nAt the time of writing, Bitcoin was down by 0.71% to $22,960.0. A mixed start to the day saw Bitcoin rise to an early morning high $23,188.0 before falling to a low $22,952.0\nBitcoin left the major support and resistance levels untested early on.\nElsewhere, it was a mixed start to the day.\nBinance Coin and Polkadot bucked the trend early on, with gains of 0.53% and 0.17% respectively.\nIt was a bearish start for the rest of the majors, however.\nAt the time of writing, Ripple’s XRP was down by 1.58% to lead the way.\nBitcoin would need to avoid a fall through the pivot level at $22,924 to bring the first major resistance level at $23,487 into play.\nSupport from the broader market would be needed for Bitcoin to break out from Friday’s high $23,287.0.\nBarring an extended crypto rally, the first major resistance level and resistance at $23,500 would likely cap any upside.\nIn the event of another extended crypto rally, Bitcoin could test resistance at $24,000 before any pullback. The second major resistance level sits at $23,849.\nFailure to avoid a fall through the $22,924 pivot would bring the first major support level at $22,562 into play.\nBarring an extended crypto sell-off, Bitcoin should steer well clear of sub-$22,000 levels. The second major support level sits at $21,999.\nThisarticlewas originally posted on FX Empire\n• Gold Price Prediction – Gold Consolidates After 2% Weekly Rise\n• Silver Weekly Price Forecast: Silver Testing Top of Consolidation Area\n• Natural Gas Weekly Price Forecast – Natural Gas Hold 200 Week EMA\n• The Weekly Wrap – COVID-19 Vaccine, Brexit, Stimulus Talks, and Stats Were in Focus\n• E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – Big Test at 12751.00 into Close\n• S&P 500 Price Forecast – Stock Markets Pull Back Ahead of Holidays', 'Bitcoin , BTC to USD, rose by 1.46% on Friday. Following on from a 6.89% rally on Thursday, Bitcoin ended the day at $23,124.0. It was a mixed start to the day. Bitcoin slipped to an early morning low $22,466.0 before making a move. Steering clear of the first major support level at $21,445, Bitcoin rose to a late morning intraday high $23,287.0. Falling short of the first major resistance level at $23,878, however, Bitcoin slid back to a mid-afternoon intraday low $22,362.0. Steering clear of the major support levels once more, Bitcoin moved back through to $23,000 levels to end the day in the green. The near-term bullish trend remained intact, supported by the breakthrough to $23,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $11,500 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was another mixed day on Friday. Litecoin rallied by 8.31% to lead the way. Binance Coin (+2.60%), Cardano’s ADA (+1.13%), Chainlink (+0.42%), Ethereum (+1.77%), and Ripple’s XRP (+1.29%) also joined Bitcoin in the green. It was a bearish day for the rest of the majors, however. Bitcoin Cash SV (-0.50%), Crypto.com Coin (-5.52%) and Polkadot (-1.00%) saw red on the day For the current week, the crypto total market cap fell to a Monday low $545.05bn before rising to a Thursday high $679.01bn. At the time of writing, the total market cap stood at $643.64bn. Bitcoin’s dominance fell to a Monday low 64.21% before rising to a Friday high 66.72%. At the time of writing, Bitcoin’s dominance stood at 66.38%. This Morning At the time of writing, Bitcoin was down by 0.71% to $22,960.0. A mixed start to the day saw Bitcoin rise to an early morning high $23,188.0 before falling to a low $22,952.0 Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was a mixed start to the day. Binance Coin and Polkadot bucked the trend early on, with gains of 0.53% and 0.17% respectively. Story continues It was a bearish start for the rest of the majors, however. At the time of writing, Ripple’s XRP was down by 1.58% to lead the way. For the Bitcoin Day Ahead Bitcoin would need to avoid a fall through the pivot level at $22,924 to bring the first major resistance level at $23,487 into play. Support from the broader market would be needed for Bitcoin to break out from Friday’s high $23,287.0. Barring an extended crypto rally, the first major resistance level and resistance at $23,500 would likely cap any upside. In the event of another extended crypto rally, Bitcoin could test resistance at $24,000 before any pullback. The second major resistance level sits at $23,849. Failure to avoid a fall through the $22,924 pivot would bring the first major support level at $22,562 into play. Barring an extended crypto sell-off, Bitcoin should steer well clear of sub-$22,000 levels. The second major support level sits at $21,999. This article was originally posted on FX Empire More From FXEMPIRE: Gold Price Prediction – Gold Consolidates After 2% Weekly Rise Silver Weekly Price Forecast: Silver Testing Top of Consolidation Area Natural Gas Weekly Price Forecast – Natural Gas Hold 200 Week EMA The Weekly Wrap – COVID-19 Vaccine, Brexit, Stimulus Talks, and Stats Were in Focus E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – Big Test at 12751.00 into Close S&P 500 Price Forecast – Stock Markets Pull Back Ahead of Holidays', 'Bitcoin finally broke the $20,000 ceiling today, after having hovered just below it and as demand from institutional investors rapidly increases. This represents a huge milestone for the world’smost valuable virtual currency with an explosive track record,which traded 5.6% higher to a price of around $20,600, according to market data from Coin Metrics.\nThe cryptocurrency got a boost earlier this year by being backed by big name investors like Paul Tudor Jones and Stanley Druckenmiller. S&P Global also announced earlier this month that it will launch cryptocurrency asset indices in 2021 — further proof that Bitcoin is going more mainstream. The index provider said it was partnering with Lukka, a leading New York City-based crypto asset software and data company.\nSee:PayPal Finally Welcomes Bitcoin, More CryptocurrenciesLearn More:How To Invest in Cryptocurrency\n“With digital assets such as cryptocurrencies becoming a rapidly emerging asset class, the time is right for independent, reliable and user-friendly benchmarks,” Peter Roffman, Global Head of Innovation and Strategy at S&P Dow Jones Indices, said in a statement.\nIn addition, Massachusetts Mutual Life Insurance Co. announced last week it purchased $100 million in Bitcoin for its general investment account, as well as a $5 million equity stake in NYDIG, an institutional crypto investment firm. “We are proud of this incredible moment in the history of both Bitcoin and the insurance industry. This reflects the expansion of Bitcoin to insurance company general investment accounts,” Robert Gutmann, co-founder and CEO of NYDIG, said in a statement.\nSee:Bitcoin Price Hits All-Time HighLearn More:Americans Think Bitcoin, Stocks Are the Riskiest Investments — Are They Right?\nIn an interview with CNBC, Jason Deane, an analyst at crypto advisory firm Quantum Economics, said that increased institutional interest in Bitcoin has “led to an increasingly bullish narrative.”\n“The race is on to secure Bitcoin in a market of ever-dwindling supply,” Deane told CNBC. “It’s probably not too strong to say this is institutional FOMO (fear of missing out) and those organizations who have been looking to do this now realize they will have to move fast to secure it.” For now, things look great for Bitcoin. But buyer beware:This type of thinking has often led to market bubbles, so be cautious of jumping on this trend without doing your research and making a plan.\nMore From GOBankingRates\n• 37 Life Hacks That Will Save You Money\n• Are You Spending More Than the Average American on 25 Everyday Items?\n• Investors Bank’s Checking Accounts: Helping You Do More With Your Money\n• Guns and 32 Other Things You Definitely Do NOT Need To Buy During the Coronavirus Pandemic\nThis article originally appeared onGOBankingRates.com:Bitcoin Finally Breaks $20,000 Barrier – Is the Cryptocurrency Bubble About to Burst?', 'Bitcoin finally broke the $20,000 ceiling today, after having hovered just below it and as demand from institutional investors rapidly increases. This represents a huge milestone for the world’smost valuable virtual currency with an explosive track record,which traded 5.6% higher to a price of aro
**Last 60 Days of Bitcoin's Closing Prices:**
[11916.33, 12823.69, 12965.89, 12931.54, 13108.06, 13031.17, 13075.25, 13654.22, 13271.29, 13437.88, 13546.52, 13781.00, 13737.11, 13550.49, 13950.30, 14133.71, 15579.85, 15565.88, 14833.75, 15479.57, 15332.32, 15290.90, 15701.34, 16276.34, 16317.81, 16068.14, 15955.59, 16716.11, 17645.41, 17804.01, 17817.09, 18621.31, 18642.23, 18370.00, 18364.12, 19107.46, 18732.12, 17150.62, 17108.40, 17717.41, 18177.48, 19625.84, 18803.00, 19201.09, 19445.40, 18699.77, 19154.23, 19345.12, 19191.63, 18321.14, 18553.92, 18264.99, 18058.90, 18803.66, 19142.38, 19246.64, 19417.08, 21310.60, 22805.16, 23137.96]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2020-12-19
**Financial & Commodity Data:**
- Gold Closing Price: $1885.70
- Crude Oil Closing Price: $49.10
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $427,683,828,981
- Hash Rate: 146639659.8648542
- Transaction Count: 343536.0
- Unique Addresses: 756109.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.93
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Crypto lender BlockFi has become one of Grayscale Bitcoin Trust’s (GBTC) biggest whales. BlockFi holds 5.07% of Grayscale’s $4.8 billion bitcoin trust, or 24,235,578 GBTC shares, according to Tuesday Securities and Exchange Commission (SEC) filings . Grayscale is owned by CoinDesk’s parent firm Digital Currency Group. CEO Zac Prince said in a press statement BlockFi’s “significant” GBTC position will “add value” to the “marketplace for liquid and illiquid” shares. “There are lending markets related to GBTC,” he told CoinDesk in an email. Crypto fund manager Three Arrows Capital is the only other entity with comparable GBTC holdings, having amassed over 21 million shares by June. That represented a 6.26% stake in GBTC at the time. Entities are required to publicly disclose ownership positions over the 5% threshold. GBTC became an SEC reporting company in January. Read more: BlockFi Raises $50M From Universities, NBA Star, Others as Crypto Lending Soars Related Stories BlockFi Takes 5% Stake in Grayscale’s $4.8B Bitcoin Trust BlockFi Takes 5% Stake in Grayscale’s $4.8B Bitcoin Trust BlockFi Takes 5% Stake in Grayscale’s $4.8B Bitcoin Trust BlockFi Takes 5% Stake in Grayscale’s $4.8B Bitcoin Trust View comments...
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
23477.29, 22803.08, 23783.03, 23241.35, 23735.95, 24664.79, 26437.04, 26272.29, 27084.81, 27362.44
|
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Bitcoin, BTC to USD, rose by 2.96% on Saturday. Following a 1.46% gain from Friday, Bitcoin ended the day at $23.808.0.\nIt was another mixed start to the day. Bitcoin rose to an early morning high $23,240 before hitting reverse.\nFalling short of Friday’s high $23,287 and the major resistance levels, Bitcoin fell to a late morning intraday low $22,768.0\nSteering clear of the first major support level at $22,562, Bitcoin rallied to a late afternoon intraday high and a new swing high $24,123.0.\nBitcoin broke through the first major resistance level at $23,487 and the second major resistance level at $23,849.\nA choppy end to the day saw Bitcoin fall back to $23,600 before wrapping up the day at $23,800 levels.\nThe second major resistance level at $23,849 pinned Bitcoin back late in the day.\nThe near-term bullish trend remained intact, supported by the breakthrough to $24,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $11,687 to form a near-term bearish trend.\nAcross the rest of the majors, it was yet another mixed day on Saturday.\nBinance CoinandLitecoinrallied by 7.44% and by 9.66% respectively to lead the way.\nCrypto.com Coin(+1.85%) andEthereum(+0.66%), also joined Bitcoin in the green.\nIt was a bearish day for the rest of the majors, however.\nBitcoin Cash SV(-0.97%),Cardano’s ADA(-0.41%),Chainlink(-0.26%), Polkadot (-3.32%) andRipple’s XRP(-1.14%) saw red on the day\nFor the current week, the crypto total market cap fell to a Monday low $545.05bn before rising to a Saturday high $680.60bn. At the time of writing, the total market cap stood at $660.27bn.\nBitcoin’s dominance fell to a Monday low 64.21% before rising to an early Sunday high 66.97%. At the time of writing, Bitcoin’s dominance stood at 66.88%.\nAt the time of writing, Bitcoin was down by 0.48% to $23,693.7. A mixed start to the day saw Bitcoin rise to an early morning high $23,810.0 before falling to a low $23,668.0.\nBitcoin left the major support and resistance levels untested early on.\nElsewhere, it was a mixed start to the day for the majors.\nChainlink and Polkadot bucked the trend early on, with gains of 0.01% and 0.63% respectively.\nIt was a bearish day for the rest of the majors, however.\nAt the time of writing, Litecoin and Ripple’s XRP led the way down, with losses of 1.07% and 1.05% respectively.\nBitcoin would need to avoid a fall through the pivot level at $23.566 to bring the first major resistance level at $24,365 into play.\nSupport from the broader market would be needed for Bitcoin to break out from Saturday’s high $24,123.0.\nBarring an extended crypto rally, the first major resistance level and resistance at $24,500 would likely cap any upside.\nIn the event of another extended crypto rally, Bitcoin could test resistance at $25,000 before any pullback. The second major resistance level sits at $24,921.\nFailure to avoid a fall through the $23,566 pivot would bring the first major support level at $23,010 into play.\nBarring an extended crypto sell-off, Bitcoin should steer clear of sub-$22,500 levels. The second major support level sits at $22,211.\nThisarticlewas originally posted on FX Empire\n• The Crypto Daily – Movers and Shakers – December 19th, 2020\n• Gold Price Futures (GC) Technical Analysis – Trader Reaction to Short-Term Retracement Zone Sets the Tone\n• Crude Oil Price Forecast – Crude Oil Reaches Towards Major Figure\n• S&P 500 Weekly Price Forecast – Stock Markets Choppy Ahead of Holidays\n• The Weekly Wrap – COVID-19 Vaccine, Brexit, Stimulus Talks, and Stats Were in Focus\n• U.S Mortgage Rates Slide to a 15th Low of the Year', 'Bitcoin , BTC to USD, rose by 2.96% on Saturday. Following a 1.46% gain from Friday, Bitcoin ended the day at $23.808.0. It was another mixed start to the day. Bitcoin rose to an early morning high $23,240 before hitting reverse. Falling short of Friday’s high $23,287 and the major resistance levels, Bitcoin fell to a late morning intraday low $22,768.0 Steering clear of the first major support level at $22,562, Bitcoin rallied to a late afternoon intraday high and a new swing high $24,123.0. Bitcoin broke through the first major resistance level at $23,487 and the second major resistance level at $23,849. A choppy end to the day saw Bitcoin fall back to $23,600 before wrapping up the day at $23,800 levels. The second major resistance level at $23,849 pinned Bitcoin back late in the day. The near-term bullish trend remained intact, supported by the breakthrough to $24,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $11,687 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was yet another mixed day on Saturday. Binance Coin and Litecoin rallied by 7.44% and by 9.66% respectively to lead the way. Crypto.com Coin (+1.85%) and Ethereum (+0.66%), also joined Bitcoin in the green. It was a bearish day for the rest of the majors, however. Bitcoin Cash SV (-0.97%), Cardano’s ADA (-0.41%), Chainlink (-0.26%), Polkadot (-3.32%) and Ripple’s XRP (-1.14%) saw red on the day For the current week, the crypto total market cap fell to a Monday low $545.05bn before rising to a Saturday high $680.60bn. At the time of writing, the total market cap stood at $660.27bn. Bitcoin’s dominance fell to a Monday low 64.21% before rising to an early Sunday high 66.97%. At the time of writing, Bitcoin’s dominance stood at 66.88%. This Morning At the time of writing, Bitcoin was down by 0.48% to $23,693.7. A mixed start to the day saw Bitcoin rise to an early morning high $23,810.0 before falling to a low $23,668.0. Story continues Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was a mixed start to the day for the majors. Chainlink and Polkadot bucked the trend early on, with gains of 0.01% and 0.63% respectively. It was a bearish day for the rest of the majors, however. At the time of writing, Litecoin and Ripple’s XRP led the way down, with losses of 1.07% and 1.05% respectively. For the Bitcoin Day Ahead Bitcoin would need to avoid a fall through the pivot level at $23.566 to bring the first major resistance level at $24,365 into play. Support from the broader market would be needed for Bitcoin to break out from Saturday’s high $24,123.0. Barring an extended crypto rally, the first major resistance level and resistance at $24,500 would likely cap any upside. In the event of another extended crypto rally, Bitcoin could test resistance at $25,000 before any pullback. The second major resistance level sits at $24,921. Failure to avoid a fall through the $23,566 pivot would bring the first major support level at $23,010 into play. Barring an extended crypto sell-off, Bitcoin should steer clear of sub-$22,500 levels. The second major support level sits at $22,211. This article was originally posted on FX Empire More From FXEMPIRE: The Crypto Daily – Movers and Shakers – December 19th, 2020 Gold Price Futures (GC) Technical Analysis – Trader Reaction to Short-Term Retracement Zone Sets the Tone Crude Oil Price Forecast – Crude Oil Reaches Towards Major Figure S&P 500 Weekly Price Forecast – Stock Markets Choppy Ahead of Holidays The Weekly Wrap – COVID-19 Vaccine, Brexit, Stimulus Talks, and Stats Were in Focus U.S Mortgage Rates Slide to a 15th Low of the Year', 'By Marc Jones and Ritvik Carvalho LONDON (Reuters) - Last December, the first infection with the new coronavirus was reported to the World Health Organization. Twelve months later, as the charts below show, global financial markets have been on a roller coaster like no other. JANUARY JITTERS The coronavirus wasn\'t even the first thing that spooked the markets this year. The tone was set when an escalation of an oil market turf war between Saudi Arabia and Russia sent oil prices crashing more than 5% on Jan 8. Just days later, though, China\'s stock markets began to fall as a cluster of more than 50 pneumonia cases in Wuhan city sparked a warning from the WHO that there could be a new SARS-like virus. Oil continued to fall as traders began worrying about a drop in Chinese demand, but other major markets were not seriously affected until mid-February, when it became clear the virus was rapidly spreading out of Asia. Cue carnage. From Feb. 20 to March 24, as Europe\'s big economies locked down, MSCI\'s 49-country world share index lost more than a third of its value, haemorrhaging a staggering $18 trillion. (Graphic: Trillion dollar carnage - https://fingfx.thomsonreuters.com/gfx/mkt/gjnpwkjqqpw/Pasted%20image%201608259599744.png) Wall Street\'s S&P 500, Dow Jones and Nasdaq slumped 35%, 38% and 30% respectively. London and Frankfurt\'s internationally exposed FTSE and DAX markets dropped 35% and 40%. Japan\'s Nikkei fell 30%. Chinese stocks saw a more modest 16% drop. "In retrospect, I felt I was one of the villagers in the boy who cried wolf story," said Ben Inker, head of asset allocation at investment firm GMO. "We had seen a number of potential pandemics never really develop ... we were assuming that this was going to be contained, and when it didn\'t we understood why the world was freaking out." For reference, the record quarterly drop for Wall Street was 40% in 1932, the onset of the Great Depression. The fact that the S&P and Dow were at record highs in mid-February made the crash this time seem more brutal. Story continues (Graphic: Speed, severity of coronavirus selloff eclipses previous market dislocations - https://fingfx.thomsonreuters.com/gfx/mkt/dgkvlqjmzpb/Pasted%20image%201608261872632.png) MARCH MADNESS Governments were already trying to shore up their economies, but just as in the financial crisis a decade previously, it took powerful central bank medicine to steady the markets. The Federal Reserve\'s move to cut U.S. interest rates to zero in mid-March initially had zero impact, but once it opened new swap lines to keep money markets flush with dollars and the European Central Bank and o
**Last 60 Days of Bitcoin's Closing Prices:**
[12823.69, 12965.89, 12931.54, 13108.06, 13031.17, 13075.25, 13654.22, 13271.29, 13437.88, 13546.52, 13781.00, 13737.11, 13550.49, 13950.30, 14133.71, 15579.85, 15565.88, 14833.75, 15479.57, 15332.32, 15290.90, 15701.34, 16276.34, 16317.81, 16068.14, 15955.59, 16716.11, 17645.41, 17804.01, 17817.09, 18621.31, 18642.23, 18370.00, 18364.12, 19107.46, 18732.12, 17150.62, 17108.40, 17717.41, 18177.48, 19625.84, 18803.00, 19201.09, 19445.40, 18699.77, 19154.23, 19345.12, 19191.63, 18321.14, 18553.92, 18264.99, 18058.90, 18803.66, 19142.38, 19246.64, 19417.08, 21310.60, 22805.16, 23137.96, 23869.83]
Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2020-12-20
**Financial & Commodity Data:**
- Gold Closing Price: $1885.70
- Crude Oil Closing Price: $49.10
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $427,683,828,981
- Hash Rate: 140142966.07337332
- Transaction Count: 282043.0
- Unique Addresses: 638816.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.92
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: PayPal Holdings Inc (NASDAQ: PYPL ) cryptocurrency partner Paxos’s itBit exchange trading volume surged a whopping 500% to $26.57 million on Nov. 13 from $4.41 million a month ago, according to CoinGecko data. What Happened: Meanwhile, 24-hour volume for Bitcoin stood at $31.59 billion on Friday. The top BTC/USD exchanges Coinbase Pro and Kraken saw volumes of $104.97 million and $37.62 million, respectively, at press time, as per CoinMarketCap data, while, itBit’s 24-hour volume stood at $6.8 million — dropping in line with the wider market. The significant uptick in volume on the exchange follows its partnership with PayPal on the financial technology company's cryptocurrency foray. Why It Matters: The Peter Thiel-co-founded PayPal began offering Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), and Litecoin (LTC) access to its customers in late October. This month PayPal said it would add cryptocurrency services to its Venmo app by the first half of 2021 and also allow international users to buy, sell, and hold cryptocurrency by the same time frame. PayPal CEO Daniel Schulman said the move was “beginning of the opportunities” in relation to the company’s cryptocurrency foray and said it would work with regulators to “accept new forms of digital currencies.” Price Action: PayPal shares closed 0.25% lower at $188.62 on Friday. Photo courtesy: PayPal See more from Benzinga Click here for options trades from Benzinga Bitcoin Cash, Which Split From Bitcoin, Has Split Into Two Cryptocurrencies — Again Bitcoin To See 'Minimal Resistance' On Way To K As It Shoots Past K, Analysts Say © 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved. View comments...
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
22803.08, 23783.03, 23241.35, 23735.95, 24664.79, 26437.04, 26272.29, 27084.81, 27362.44, 28840.95
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Bitcoin has gained 23% since Monday, ending the week trading just below $23,500 with its best weekly performance since April 2019, measured by percentage increase.\n• Throughout its monster weekly rally,bitcoin‘s price set new record highs in four of the past five days, reaching the current record high of $24,273 Sunday afternoon, per CoinDesk’s Bitcoin Price Index (BPI).\n• Only nine other times in the past five years has bitcoin seen a weekly gain larger than the one posted this week.\n• As the new trading week starts, CME bitcoin futures opened at $23,600, just over 3% higher than their close on Friday.\n• Strong weekend buying pressure has caused CME bitcoin futures to open Sunday trading at higher prices than the previous Friday’s close for 10 of the past 12 weeks, perTradingViewmarket data.\n• Bitcoin’s strong weekly performance coincides with the latest flurry of institutional investor activity in bitcoin.\n• Christopher Wood, global head of equity strategy at investment firm Jefferies, issaidto have trimmed 5% of his gold exposure and allocated it to bitcoin. Scott Minerd, chief investment officer at Guggenheim Partners,toldBloomberg his firm’s analysis shows bitcoin should be worth $400,000. Goldman Sachs was alsoreportedlypicked Friday to lead the Coinbase public offering.\n• Year to date, the bellwether cryptocurrency has gained 226%, perMessaridata.\n• Bitcoin Price Caps Best Week in 20 Months With 23% Gain\n• Bitcoin Price Caps Best Week in 20 Months With 23% Gain\n• Bitcoin Price Caps Best Week in 20 Months With 23% Gain\n• Bitcoin Price Caps Best Week in 20 Months With 23% Gain', 'Bitcoin has gained 23% since Monday, ending the week trading just below $23,500 with its best weekly performance since April 2019, measured by percentage increase.\n• Throughout its monster weekly rally,bitcoin‘s price set new record highs in four of the past five days, reaching the current record high of $24,273 Sunday afternoon, per CoinDesk’s Bitcoin Price Index (BPI).\n• Only nine other times in the past five years has bitcoin seen a weekly gain larger than the one posted this week.\n• As the new trading week starts, CME bitcoin futures opened at $23,600, just over 3% higher than their close on Friday.\n• Strong weekend buying pressure has caused CME bitcoin futures to open Sunday trading at higher prices than the previous Friday’s close for 10 of the past 12 weeks, perTradingViewmarket data.\n• Bitcoin’s strong weekly performance coincides with the latest flurry of institutional investor activity in bitcoin.\n• Christopher Wood, global head of equity strategy at investment firm Jefferies, issaidto have trimmed 5% of his gold exposure and allocated it to bitcoin. Scott Minerd, chief investment officer at Guggenheim Partners,toldBloomberg his firm’s analysis shows bitcoin should be worth $400,000. Goldman Sachs was alsoreportedlypicked Friday to lead the Coinbase public offering.\n• Year to date, the bellwether cryptocurrency has gained 226%, perMessaridata.\n• Bitcoin Price Caps Best Week in 20 Months With 23% Gain\n• Bitcoin Price Caps Best Week in 20 Months With 23% Gain\n• Bitcoin Price Caps Best Week in 20 Months With 23% Gain\n• Bitcoin Price Caps Best Week in 20 Months With 23% Gain', 'Bitcoin has gained 23% since Monday, ending the week trading just below $23,500 with its best weekly performance since April 2019, measured by percentage increase. Throughout its monster weekly rally, bitcoin \x91s price set new record highs in four of the past five days, reaching the current record high of $24,273 Sunday afternoon, per CoinDesk\x92s Bitcoin Price Index (BPI). Only nine other times in the past five years has bitcoin seen a weekly gain larger than the one posted this week. As the new trading week starts, CME bitcoin futures opened at $23,600, just over 3% higher than their close on Friday. Strong weekend buying pressure has caused CME bitcoin futures to open Sunday trading at higher prices than the previous Friday\x92s close for 10 of the past 12 weeks, per TradingView market data. Bitcoin\x92s strong weekly performance coincides with the latest flurry of institutional investor activity in bitcoin. Christopher Wood, global head of equity strategy at investment firm Jefferies, is said to have trimmed 5% of his gold exposure and allocated it to bitcoin. Scott Minerd, chief investment officer at Guggenheim Partners, told Bloomberg his firm\x92s analysis shows bitcoin should be worth $400,000. Goldman Sachs was also reportedly picked Friday to lead the Coinbase public offering. Year to date, the bellwether cryptocurrency has gained 226%, per Messari data. Related Stories Bitcoin Price Caps Best Week in 20 Months With 23% Gain Bitcoin Price Caps Best Week in 20 Months With 23% Gain Bitcoin Price Caps Best Week in 20 Months With 23% Gain Bitcoin Price Caps Best Week in 20 Months With 23% Gain', 'Bitcoin, BTC to USD, fell by 1.57% on Sunday. Partially reversing a 2.96% gain from Saturday, Bitcoin ended the week up by 22.14% to $23,427.0.\nIt was another mixed start to the day. Bitcoin fell to an early morning intraday low $23,101.0 before making a move.\nSteering clear of the first major support level at $23,010, Bitcoin rallied to a late intraday high $24,244.0.\nFalling short of the first major resistance level at $24,365, however, Bitcoin fell back to the early intraday low $23,101.\nContinuing to steer clear of the major support levels, Bitcoin moved back through to $23,400 levels to limit the downside.\nThe near-term bullish trend remained intact, supported by the latest breakthrough to $24,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $11,687 to form a near-term bearish trend.\nAcross the rest of the majors, it was yet another mixed day on Saturday.\nBinance Coin(+2.92%),Bitcoin Cash SV(+2.68%), andCrypto.com Coin(+1.66) bucked the trend on the day.\nIt was a bearish day for the rest of the majors, however.\nLitecoinandRipple’s XRPslid by 4.49% and by 3.58% respectively to lead the way down.\nChainlink(-3.13%) andEthereum(-3.10%) also struggled on the day.\nCardano’s ADA(-1.42%) and Polkadot (-1.38%) saw relatively modest losses, however.\nFor the week, it was also mixed for the majors.\nPolkadot slid by 13.5% to buck the trend for the week.\nIt was a bullish week for the rest of the majors, however.\nLitecoin led the way, surging by 39.48% to lead the way.\nBinance Coin (+17.79%) and Crypto.com Coin (+10.51%) also found strong support.\nBitcoin Cash SV (+7.36%), Cardano’s ADA (+5.33%), Chainlink (+1.07%), Ethereum (+8.12%), and Ripple’s XRP (+8.41%) trailed the front runners, however.\nFor the week, the crypto total market cap fell to a Monday low $545.05bn before rising to a Saturday high $680.60bn. At the time of writing, the total market cap stood at $657.06bn.\nBitcoin’s dominance fell to a Monday low 64.21% before rising to a Sunday high of 67.44%. At the time of writing, Bitcoin’s dominance stood at 66.97%.\nAt the time of writing, Bitcoin was up by 1.04% to $23,671.0. A mixed start to the day saw Bitcoin fall to an early morning low $23,280.0 before rising to a high $23,685.0.\nBitcoin left the major support and resistance levels untested early on.\nElsewhere, it was a mixed start to the day for the majors.\nPolkadot was down by 0.24% to buck the trend early on.\nIt was a bullish day for the rest of the majors, however.\nAt the time of writing, Bitcoin Cash SV was up by 4.65% to lead the way.\nBitcoin would need to avoid a fall back through the pivot level at $23,591 to bring the first major resistance level at $24,080 into play.\nSupport from the broader market would be needed for Bitcoin to break back through to $24,000 levels.\nBarring an extended crypto rally, the first major resistance level Sunday’s high $24,244.0 would likely cap any upside.\nIn the event of another extended crypto rally, Bitcoin could test resistance at $25,000 before any pullback. The second major resistance level sits at $24,734.\nFailure to avoid a fall back through the $23,591 pivot would bring the first major support level at $22,937 into play.\nBarring an extended crypto sell-off, Bitcoin should steer clear of sub-$22,500 levels. The second major support level sits at $22,448.\nThisarticlewas originally posted on FX Empire\n• Natural Gas Price Fundamental Daily Forecast – Showing Signs of Life Mid-Month after Dismal Start to December\n• E-mini Dow Jones Industrial Average (YM) Futures Technical Analysis – Reaction to 30113 Sets the Tone\n• European Equities: Brexit and Updates from Capitol Hill to Test Support\n• Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – December 21st, 2020\n• Top Blue Chip Picks for 2021\n• EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – December 21st, 2020', 'Bitcoin , BTC to USD, fell by 1.57% on Sunday. Partially reversing a 2.96% gain from Saturday, Bitcoin ended the week up by 22.14% to $23,427.0. It was another mixed start to the day. Bitcoin fell to an early morning intraday low $23,101.0 before making a move. Steering clear of the first major support level at $23,010, Bitcoin rallied to a late intraday high $24,244.0. Falling short of the first major resistance level at $24,365, however, Bitcoin fell back to the early intraday low $23,101. Continuing to steer clear of the major support levels, Bitcoin moved back through to $23,400 levels to limit the downside. The near-term bullish trend remained intact, supported by the latest breakthrough to $24,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $11,687 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was yet another mixed day on Saturday. Binance Coin (+2.92%), Bitcoin Cash SV (+2.68%), and Crypto.com Coin (+1.66) bucked the trend on the day. It was a bearish day for the rest of the majors, however. Litecoin and Ripple’s XRP slid by 4.49% and by 3.58% respectively to lead the way down. Chainlink (-3.13%) and Ethereum (
**Last 60 Days of Bitcoin's Closing Prices:**
[12965.89, 12931.54, 13108.06, 13031.17, 13075.25, 13654.22, 13271.29, 13437.88, 13546.52, 13781.00, 13737.11, 13550.49, 13950.30, 14133.71, 15579.85, 15565.88, 14833.75, 15479.57, 15332.32, 15290.90, 15701.34, 16276.34, 16317.81, 16068.14, 15955.59, 16716.11, 17645.41, 17804.01, 17817.09, 18621.31, 18642.23, 18370.00, 18364.12, 19107.46, 18732.12, 17150.62, 17108.40, 17717.41, 18177.48, 19625.84, 18803.00, 19201.09, 19445.40, 18699.77, 19154.23, 19345.12, 19191.63, 18321.14, 18553.92, 18264.99, 18058.90, 18803.66, 19142.38, 19246.64, 19417.08, 21310.60, 22805.16, 23137.96, 23869.83, 23477.29]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2020-12-21
**Financial & Commodity Data:**
- Gold Closing Price: $1879.20
- Crude Oil Closing Price: $47.74
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $422,107,246,156
- Hash Rate: 126221479.37734284
- Transaction Count: 269834.0
- Unique Addresses: 649848.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.92
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Coinbase, the largest cryptocurrency exchange in the U.S., has filed its confidential S-1 form with the SEC to go public, the company said in a blog post on Thursday . The S-1 is “expected to become effective” after the SEC completes its review, the company said. The timing of the filing is no accident. Bitcoin ( BTC ) surged past the $20,000 mark on Wednesday to a new all-time-high and has continued to climb, reaching close to $24,000. The largest cryptocurrency by market cap is up 220% in 2020, driven by a combination of institutional investment and public buy-in from consumer-facing payments companies like PayPal and Square . Coinbase caters to the retail side with its main exchange, and allows for more advanced trading (like limit orders) on its Coinbase Pro product. It currently supports more than 40 cryptocurrencies in the U.S. The company launched in 2012, cofounded by Brian Armstrong and Fred Ehrsam, and was most recently valued at $8 billion. In July, the company said it has 35 million users in 100 countries . It has been called the Goldman Sachs of cryptocurrency—in part because of its high trading fees . The company is profitable—a rarity among recent tech unicorn listings —and has been for the past three years . Coinbase has become the go-to household name site for retail investors looking to buy cryptocurrency for the first time—if they have heard of any exchange at all. There are other exchanges in the U.S. (Gemini, Kraken), and globally (Binance, Huobi, OkCoin), but arguably none has the brand recognition that Coinbase has built. The Coinbase IPO would mark the first U.S. cryptocurrency company to go public, a major milestone for the maturity of the industry, and could be one of the hottest tech IPOs of 2021. SAN FRANCISCO, CA - SEPTEMBER 07: Coinbase Co-founder and CEO Brian Armstrong speaks onstage during Day 3 of TechCrunch Disrupt SF 2018 at Moscone Center on September 7, 2018 in San Francisco, California. (Photo by Steve Jennings/Getty Images for TechCrunch) The company has also been at the center of multiple controversies in 2020. In September, CEO Brian Armstrong issued a public memo declaring that he wants Coinbase to be an apolitical company where employees don’t discuss politics or social issues. The memo was reportedly a follow-up to an internal conflict that arose after Armstrong was unprepared, at an internal town hall, to answer a question about his stance on the Black Lives Matter movement. His memo was criticized by many inside and outside of tech, though found some supporters among venture capitalists. Story continues Last month, following the fallout of the Coinbase Memo, the New York Times reported on a handful of Black former employees who allege discriminatory treatment by the company. Coinbase put out a memo before the Times story was published in an attempt to get ahead of the story. It’s unclear whether these issues have hurt the company at all. “Coinbase was the first mover, and they've got such a moat, and they really have branded themselves as the mainstream place to go,” Jeff Roberts, author of a new book about Coinbase, “Kings of Crypto,” said on Yahoo Finance Live this week . “I know a lot of the crypto purists have objections with them, but as you said, the reality is, if anyone's going to buy crypto, the only company they've heard of is Coinbase. And that's been a huge benefit to them. For the more ideological people, they have other options. But for the average person who wants to buy a little bit of bitcoin, almost invariably, Coinbase is where they're going.” — Daniel Roberts is an editor-at-large at Yahoo Finance and closely covers bitcoin and blockchain. Follow him on Twitter at @ readDanwrite . Read more: Daniel Roberts is an editor-at-large at Yahoo Finance and closely covers bitcoin and blockchain. Follow him on Twitter at @ readDanwrite . Read more: Bitcoin surges past $20,000, breakthrough price milestone Visa has quietly warmed to crypto, along with PayPal and Square Bitcoin hits new all time high close to $20k, driven by institutional buying Why bitcoin and altcoins are hot again this summer Square's bitcoin bet is paying off Jamie Dimon says bitcoin is 'not my cup of tea' even as JPMorgan has warmed to crypto What you need to know about Ant Financial, potentially the largest IPO in history Jamie Dimon has questions about Facebook’s cryptocurrency Libra Lloyd Blankfein: It would be ‘arrogant’ to dismiss bitcoin entirely...
- Reddit Posts (Sample): []...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
23783.03, 23241.35, 23735.95, 24664.79, 26437.04, 26272.29, 27084.81, 27362.44, 28840.95, 29001.72
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['We wanted to take our time to review Bitcoin Up so that you can make an informed decision about your investments. Bitcoin Up We wanted to take our time to review Bitcoin Up so that you can make an informed decision about your investments. We wanted to take our time to review Bitcoin Up so that you can make an informed decision about your investments. London, Dec. 21, 2020 (GLOBE NEWSWIRE) -- Bitcoin Up Review for 2021: Is This Legit or Not? Cryptocurrency is the newest fad, and it\'s here to stay. Traders have been making money for years, but it got off to a rocky start. Those who stuck with it have made high profits on the market, but now it is your turn. >> Open a FREE Bitcoin Up Account << You don\'t need any experience trading to make it big. In fact, you can know nothing about the crypto world and still earn money with the right tools. Auto-trading robots have become very popular for seasoned traders and those without any experience. Now, you can enjoy large returns on your investment with a couple of clicks here and there. It\'s a win-win situation and ensures that you can earn wealth like never before. >>VISIT Bitcoin Up Website<< Bitcoin Up Review Legit? We focus on researching various automated trading systems in relation to cryptocurrency. When we find options that look good, we test them out to see if they can make us a daily profit on the markets. Generally, we think everyone needs to use an auto-trading robot because it is designed to do the work for you. When they were first introduced in the markets, everyone became seasoned crypto traders because the hassle and confusion weren\'t there anymore. We wanted to take our time to review Bitcoin Up so that you can make an informed decision about your investments. From the positive testimonials we read, we knew we wanted to learn more about it and see how it worked. What\'s Bitcoin Up? Bitcoin Up is a crypto auto-trading platform. It performs the live trades for you and can assess the market to determine the best deals for you. Of course, you\'ve got to be a member, so you need an account with funds. Story continues How Does It Work? Our review of Bitcoin Up was exhaustive. The process required us to use every feature and know that everything worked. With software engineers, business analysts, and crypto traders on the team, we all had a say in what we saw. Everyone was quite happy with the results. In fact, Bitcoin Up is a superb cryptocurrency auto-trading platform and can make people rich quickly. We are happy about this because more auto trading robots need to be on the market that is good. The goal is to help others gain financial freedom by being legitimate and helpful. Since Bitcoin Up uses AI and Machine Learning, the robots can assess the markets and start/finish trades for the user. You don\'t have any stress while earning a passive income from home. Try Bitcoin Up Free Today How to Use It We went through each of the steps we list below to make sure that it was going to be easy enough for anyone to do it. Just open your Bitcoin Up account, make your deposit, and then choose automated live trades. The robots take over to trade for you. When the session ends, we ended up with our capital and some profits. When you join and fund the account, you can then make trades on Bitcoin Up. The lowest deposit option for this software is $250, though you can add up to $15,000 in one go. Consider the steps that we list and followed when we tested Bitcoin Up: Register The first step is to create an account on Bitcoin Up. The process was fast because you only need a phone number, email address, and name. Of course, you also create a password or let the site do it for you. Demo Trades There is a demo trade feature on Bitcoin Up, which is excellent news. Crypto auto-trading platforms should provide a demo feature because that shows they are transparent. When you can see how the process works, you are more comfortable adding funds and taking on real trades (or letting the robot do it for you). The whole thing was flawless and enjoyable. Transferring Funds Before you can start live trades, you need to deposit your capital into the Bitcoin Up account. When we did this, there were many payment choices, such as Visa, Skrill, PayPal, and MasterCard. Since they\'re popular and offer many currency options, almost anyone in the world can use Bitcoin Up. We just transferred the base amount of $250. We feel that new investors should really start with the lowest investment choice. That way, they don\'t risk too much and can grow their capital. We do encourage each investor to try out the demo trading feature. It\'s so easy to use. Of course, there\'s a lot of information to gather here, and you\'re going to understand auto-trading much more when you\'re finished and ready for live trades. Live Trading We initially thought it would be hard to do the live trades, but it wasn\'t! In a sense, we just clicked to activate the robot, and the trades started for us. First, the robots had to scan the crypto market to find the best deals. This was done within seconds. When it found one, the system completed everything for us using our Bitcoin Up funds. It was quick, effortless, and perfect. Important Bitcoin Up Features Payouts We feel that the payout system is accurate and transparent. The company calculates it minus the fee, and you get your funds in your account right after the session has ended. Verification You do have to submit your account details to get them verified, but the process is automatic and fast. This is essential to make sure that everything is right and correct. Withdrawals No system is going to be any good if it doesn\'t allow you to withdraw your earnings. You can do so easily with Bitcoin Up. In fact, we got our money into our bank account 24 hours after we requested it. Everything is straightforward and easy to understand, too. Service Charge There is a service charge, which is a percentage taken from your profit immediately after the live session ends. However, that is the only one on the platform and seems legitimate to us. Customer Service We don\'t think you\'re going to have questions or problems, but you can contact someone from the staff 24/7. The team is excited about Bitcoin Up. We feel that it can be hard to understand protocols for cryptocurrency, but you don\'t need to when you use this software. You can get rich without any effort and let the robots do the work for you. Beginners might benefit from these helpful tips: Invest Smaller Amounts It\'s often best to invest a minimum of $250 at first. That way, you can learn more about the system while the money multiplies. It only took us a few days to triple that minimum amount, so you\'re going to see returns quickly. Withdraw Make sure that you\'re withdrawing your earnings after each live trade session. You can also save some to reinvest. Follow the Trends You\'re probably interested in the cryptocurrency market, so you should follow the trends. Since you are an investor now, it\'s helpful to know what\'s going on. Don\x92t Over-Invest Make sure that you\x92re not investing money that needs to go toward bills or is part of your life savings. There is a risk of losing the investment, and you don\x92t want to find yourself in financial hardship. Is there an app for Bitcoin Up? No, we couldn\x92t find a mobile app for phones and other devices. However, you don\x92t need it. The auto trading platform is accessible from a browser, which is on smartphones and laptops. The Verdict We were completely satisfied while using Bitcoin Up and find that it was an excellent experience. Therefore, we\'re recommending it to those who desire to earn a passive income and get rich. Bitcoin Up works well, and we tested every feature. We also used the live trade, made profits, and withdrew the earnings all without issue. The simple system is easy to use and impressive. Just spend a little bit of time at your computer, and you can earn money. >> Open an Account Today << FAQs Though we covered a lot in the review, here are a few questions we often get asked about. What\'s the success rate for Bitcoin Up? We spent a lot of time analyzing Bitcoin Up, and we can say the success rate is high for the transactions you make here. Have any celebrities endorsed Bitcoin Up? No, we found no information indicating that celebrities have used or endorsed this auto-trading platform. Still, we feel that some auto-traders use this as a gimmick to get you to use the system, so we aren\'t worried that Bitcoin Up doesn\'t have this. Can I withdraw everything in crypto? No, the earnings you make are first converted into your local currency and then sent to your bank. Is Bitcoin Up safe? Yes, we have confirmed that any communications on the site and data entered into the platform are secure and encrypted for your protection. Who should use Bitcoin Up? Anyone can use it, regardless of whether they have ever traded or not. Professional traders like the manual mode and the fact that everything is streamlined and analysis is completed for you. Beginners prefer automation so that they don\'t have to understand much about online trading before entering the market. >> Open A Free Bitcoin Up Account Today! << About CCP Marketing CCP Marketing offers a low-cost alternative by providing you with fully trained marketing professionals. Contact CCP Marketing at [email protected]. Contact Company: Bitcoin Up Website: bitcoin-up.live Email: [email protected] Phone: 0610099366 This review is for informational purposes only. The information does not constitute advice or an offer to buy. Any purchase done from this story is done at your own risk. Any purchase done from this link is subject to the final terms and conditions of the website that is selling. The content on this release does not take any responsibility directly or indirectly. For inquiries for press releases, feel free to Contact KISS PR Sales and Support desk . This news has been published fo
**Last 60 Days of Bitcoin's Closing Prices:**
[12931.54, 13108.06, 13031.17, 13075.25, 13654.22, 13271.29, 13437.88, 13546.52, 13781.00, 13737.11, 13550.49, 13950.30, 14133.71, 15579.85, 15565.88, 14833.75, 15479.57, 15332.32, 15290.90, 15701.34, 16276.34, 16317.81, 16068.14, 15955.59, 16716.11, 17645.41, 17804.01, 17817.09, 18621.31, 18642.23, 18370.00, 18364.12, 19107.46, 18732.12, 17150.62, 17108.40, 17717.41, 18177.48, 19625.84, 18803.00, 19201.09, 19445.40, 18699.77, 19154.23, 19345.12, 19191.63, 18321.14, 18553.92, 18264.99, 18058.90, 18803.66, 19142.38, 19246.64, 19417.08, 21310.60, 22805.16, 23137.96, 23869.83, 23477.29, 22803.08]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2020-12-22
**Financial & Commodity Data:**
- Gold Closing Price: $1866.60
- Crude Oil Closing Price: $47.02
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $422,107,246,156
- Hash Rate: 132718173.16882376
- Transaction Count: 324163.0
- Unique Addresses: 738842.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.88
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Why a price surge is not only attracting a new cadre of institutional investors, but also producing the beginnings of a new set of FUD.
Formore episodesand free early access before our regular 3 p.m. Eastern time releases, subscribe withApple Podcasts,Spotify,Pocketcasts,Google Podcasts,Castbox,Stitcher,RadioPublica,iHeartRadioorRSS.
This episode is sponsored byCrypto.com,Nexo.ioand this week’s special product launch,Allnodes.
Related:Google Searches for 'Bitcoin Price' Hit 18-Month High
Download this episode
On this historic day, NLW looks at bitcoin’s punch through its previous December 2017 all time high. Specifically, he looks at:
• How different people benchmark the all time high
• What drove the latest price action, including the prospect of a new investment from institutional asset management giant Guggenheim
• Why historian Niall Ferguson is arguing thatbitcoinhas won the Covid-19 monetary revolution
• Why macro giants including Raoul Pal, George Gammon and Ben Hunt got into disagreements with Bitcoin Twitter about how co-opted by the state and Wall Street bitcoin was likely to become
See also:Bitcoin Price Sets New Record High Above $19,783
Formore episodesand free early access before our regular 3 p.m. Eastern time releases, subscribe withApple Podcasts,Spotify,Pocketcasts,Google Podcasts,Castbox,Stitcher,RadioPublica,iHeartRadioorRSS.
• Bitcoin Hits a New All-Time High: What Happens Next?
• Bitcoin Hits a New All-Time High: What Happens Next?
• Bitcoin Hits a New All-Time High: What Happens Next?...
- Reddit Posts (Sample): []...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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23241.35, 23735.95, 24664.79, 26437.04, 26272.29, 27084.81, 27362.44, 28840.95, 29001.72, 29374.15
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Quote To Start The Day:During the darkest days of the Model 3 program, I reached out to Tim Cook to discuss the possibility of Apple acquiring Tesla (for 1/10 of our current value). He refused to take the meeting.\nSource:Elon Musk\nOne Big Thing In Fintech:Jack Miller, head of trading at Baird, expects innovation to continue in US equity markets after new exchanges launched this year, new order types were approved and the US Securities and Exchange Commission adopted plans to modernize the market data infrastructure.\nSource:Traders Magazine\nOther Key Fintech Developments:\n• PEAK6boughtHardcastle Trading.\n• Fidelity Nationaltappedfor merger.\n• Fintech trends VCs aremonitoring.\n• Bitfinex toadda ETH/BTC contract.\n• FTXlistedCoinbase pre-IPO future.\n• Meemolaunchingdigital gift cards.\n• Finantierentersinto Y Combinator.\n• Fintech expert on BTCpredictions.\n• Fintech isdrivinggrowth in banking.\n• Brexit toturnLondon into DeFi hub.\n• SECaddsRipple suit, tokenhalting.\n• Goldmantestingout Marcus Invest.\n• Switzerland CBexpandscrypto trial.\nWatch Out For This:Zoom has been one of the technology high-performers for 2020, supporting the way people communicate and stay in touch around the world in this pandemic-hit climate. But the company now valued at US$100 billion could see all its forward momentum crushed by allegations that it cooperated with the Chinese government to monitor and to, in some cases, interfere with users’ video calls.\nSource:TechWire\nInteresting Reads:\n• What sitesneedto win local leads.\n• Schwab wasfinedover its security.\n• Startupslostin the 2020 pandemic.\n• FDAsentWhole Foods a warning.\n• Hunger, food insecurity notequals.\n• Zoom is beingprobedby the SEC.\n• Stimulustakeson illegal streaming.\n• Kevin O’Leary on marketingtrends.\n• CMC’s founderjoininggovernment.\n• Substack on its contentmoderation.\n• Traditional-, digital-assetbehaviors.\nMarket Moving Headline:The landscape for big tech companies is growing more challenging. Recent U.S. congressional reports have signaled bipartisan agreement on some new antitrust regulations —a development that, while no sure thing, some industry observers think could end up strengthening antitrust enforcement in possibly narrow but consequential ways. But the fact is, regulation isn’t likely to dethrone America’s top tech companies. Let’s remember: rapid change at the top is the way it works in the technology industry.\nSource:Harvard Business Review\nSee more from Benzinga\n• Click here for options trades from Benzinga\n• Meet Delta 9 Cannabis, A 2020 Benzinga Small Cap Conference Participant\n• Fintech Focus For December 22, 2020\n© 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.', 'Fintech Header Quote To Start The Day: During the darkest days of the Model 3 program, I reached out to Tim Cook to discuss the possibility of Apple acquiring Tesla (for 1/10 of our current value). He refused to take the meeting. Source: Elon Musk One Big Thing In Fintech: Jack Miller, head of trading at Baird, expects innovation to continue in US equity markets after new exchanges launched this year, new order types were approved and the US Securities and Exchange Commission adopted plans to modernize the market data infrastructure. Source: Traders Magazine Other Key Fintech Developments: PEAK6 bought Hardcastle Trading. Fidelity National tapped for merger. Fintech trends VCs are monitoring . Bitfinex to add a ETH/BTC contract. FTX listed Coinbase pre-IPO future. Meemo launching digital gift cards. Finantier enters into Y Combinator. Fintech expert on BTC predictions . Fintech is driving growth in banking. Brexit to turn London into DeFi hub. SEC adds Ripple suit, token halting . Goldman testing out Marcus Invest. Switzerland CB expands crypto trial. Watch Out For This: Zoom has been one of the technology high-performers for 2020, supporting the way people communicate and stay in touch around the world in this pandemic-hit climate. But the company now valued at US$100 billion could see all its forward momentum crushed by allegations that it cooperated with the Chinese government to monitor and to, in some cases, interfere with users’ video calls. Source: TechWire Interesting Reads: What sites need to win local leads. Schwab was fined over its security. Startups lost in the 2020 pandemic. FDA sent Whole Foods a warning. Hunger, food insecurity not equals . Zoom is being probed by the SEC. Stimulus takes on illegal streaming. Kevin O’Leary on marketing trends . CMC’s founder joining government. Substack on its content moderation . Traditional-, digital-asset behaviors . Market Moving Headline: The landscape for big tech companies is growing more challenging. Recent U.S. congressional reports have signaled bipartisan agreement on some new antitrust regulations —a development that, while no sure thing, some industry observers think could end up strengthening antitrust enforcement in possibly narrow but consequential ways. But the fact is, regulation isn’t likely to dethrone America’s top tech companies. Let’s remember: rapid change at the top is the way it works in the technology industry. Story continues Source: Harvard Business Review See more from Benzinga Click here for options trades from Benzinga Meet Delta 9 Cannabis, A 2020 Benzinga Small Cap Conference Participant Fintech Focus For December 22, 2020 © 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.', 'Bitcoin , BTC to USD, rallied by 4.82% on Tuesday. Reversing a 3.05% fall from Monday, Bitcoin ended the day at $23,805.9. It was another mixed start to the day. Bitcoin fell to a late morning intraday low $22,348.0 before making a move. Steering clear of the first major support level at $21,705, Bitcoin rallied to a late intraday high $23,812.0. Falling short of the first major resistance level at $23.898, Bitcoin eased back to end the day at $23,805 levels. The near-term bullish trend remained intact, supported by the latest breakthrough to $24,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $11,733 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was a mixed day on Tuesday. Bitcoin Cash SV (-2.29%), Crypto.com Coin (-2.11%), and Ripple’s XRP (-13.20%) saw red to buck the trend on the day. It was a bullish day for the rest of the majors. Litecoin rallied by 9.40% to lead the way. Binance Coin (+4.56%), Chainlink (+3.95%), and Ethereum (+4.73%) also found strong support. Cardano’s ADA (+2.36%), and Polkadot (+0.85%) trailed the front runners on the day. At the start of the week, the crypto total market cap rose to a Monday high $671.47bn before sliding to a low $601.73bn. At the time of writing, the total market cap stood at $648.64bn. Bitcoin’s dominance rose from a Monday low 66.74% to a Tuesday high of 68.36%. At the time of writing, Bitcoin’s dominance stood at 68.18%. This Morning At the time of writing, Bitcoin was down by 0.13% to $23,774.0. A mixed start to the day saw Bitcoin fall to an early morning low $23,691.0 before rising to a high $23,853.0. Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was a mixed start to the day. Binance Coin (+1.76%), Bitcoin Cash SV (+2.62%), Cardano’s ADA (+0.18%), and Polkadot (+0.28%) found early support. It was a bearish start for the rest of the majors, however. Story continues At the time of writing, Ripple’s XRP was down by 5.42% to lead the way. For the Bitcoin Day Ahead Bitcoin would need to avoid a fall through the pivot level at $23,322 to bring the first major resistance level at $24,296 into play. Support from the broader market would be needed for Bitcoin to break back through to $24,000 levels. Barring an extended crypto rally, the first major resistance level would likely cap any upside. In the event of another extended crypto rally, Bitcoin could test resistance at $24,500 before any pullback. The second major resistance level sits at $24,786. Failure to avoid a fall through the $23,322 pivot would bring the first major support level at $22,832 into play. Barring another extended crypto sell-off, Bitcoin should steer clear of sub-$22,000 levels. The second major support level sits at $21,858. This article was originally posted on FX Empire More From FXEMPIRE: Natural Gas Price Forecast – Natural Gas Markets Break 50 Day EMA Natural Gas Price Prediction – Prices Rise Ahead of Inventory Report Crude Oil Price Forecast – Crude Oil Markets Pull Back Silver Price Forecast – Silver Markets Choppy During Holiday Trading Gold Price Prediction – Prices Drop as the Dollar Gains Traction USD/CAD Daily Forecast – Resistance At 1.2955 In Sight', 'Bitcoin , BTC to USD, rallied by 4.82% on Tuesday. Reversing a 3.05% fall from Monday, Bitcoin ended the day at $23,805.9. It was another mixed start to the day. Bitcoin fell to a late morning intraday low $22,348.0 before making a move. Steering clear of the first major support level at $21,705, Bitcoin rallied to a late intraday high $23,812.0. Falling short of the first major resistance level at $23.898, Bitcoin eased back to end the day at $23,805 levels. The near-term bullish trend remained intact, supported by the latest breakthrough to $24,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $11,733 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was a mixed day on Tuesday. Bitcoin Cash SV (-2.29%), Crypto.com Coin (-2.11%), and Ripple’s XRP (-13.20%) saw red to buck the trend on the day. It was a bullish day for the rest of the majors. Litecoin rallied by 9.40% to lead the way. Binance Coin (+4.56%), Chainlink (+3.95%), and Ethereum (+4.73%) also found strong support. Cardano’s ADA (+2.36%), and Polkadot (+0.85%) trailed the front runners on the day. At the start of the week, the crypto total market cap rose to a Monday high $671.47bn before sliding to a low
**Last 60 Days of Bitcoin's Closing Prices:**
[13108.06, 13031.17, 13075.25, 13654.22, 13271.29, 13437.88, 13546.52, 13781.00, 13737.11, 13550.49, 13950.30, 14133.71, 15579.85, 15565.88, 14833.75, 15479.57, 15332.32, 15290.90, 15701.34, 16276.34, 16317.81, 16068.14, 15955.59, 16716.11, 17645.41, 17804.01, 17817.09, 18621.31, 18642.23, 18370.00, 18364.12, 19107.46, 18732.12, 17150.62, 17108.40, 17717.41, 18177.48, 19625.84, 18803.00, 19201.09, 19445.40, 18699.77, 19154.23, 19345.12, 19191.63, 18321.14, 18553.92, 18264.99, 18058.90, 18803.66, 19142.38, 19246.64, 19417.08, 21310.60, 22805.16, 23137.96, 23869.83, 23477.29, 22803.08, 23783.03]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2020-12-23
**Financial & Commodity Data:**
- Gold Closing Price: $1874.70
- Crude Oil Closing Price: $48.12
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $422,107,246,156
- Hash Rate: 142927263.41257942
- Transaction Count: 338463.0
- Unique Addresses: 782736.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.93
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Another look at the bitcoin valuation models that could possibly lead to a six-figure bitcoin valuation over the course of the next year. For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts , Spotify , Pocketcasts , Google Podcasts , Castbox , Stitcher , RadioPublica , iHeartRadio or RSS . This episode is sponsored by Crypto.com and Nexo.io . Related: Bitcoin's All-Time High Price Rally Is Sustainable. Analysts Explain Why On this edition of The Breakdowns Long Reads Sunday, NLW reads a recent piece by Hong Fang, CEO of OKCoin. In it, Fang provides a set of valuation models and scenarios that plausibly lead to bitcoin achieving a significant $100,000 value over the course of 2021. Download this episode See also: Bitcoin at $318,000 Next December? One Citibank Exec Says Its Possible Related: 5 Reasons Why Bitcoin Just Hit an All-Time High Price For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts , Spotify , Pocketcasts , Google Podcasts , Castbox , Stitcher , RadioPublica , iHeartRadio or RSS . Related Stories How Bitcoin Gets to $100,000 How Bitcoin Gets to $100,000...
- Reddit Posts (Sample): []...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
23735.95, 24664.79, 26437.04, 26272.29, 27084.81, 27362.44, 28840.95, 29001.72, 29374.15, 32127.27
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Digital asset manager Grayscale Investments reached $16.4 billion in assets under management (AUM), up from the $13 billion the firmannouncedlast week.\n• Datatweetedby the firm showed its largest holdings remain inbitcoin, with the Grayscale Bitcoin Trust having $14.1 billion in the top crypto asset. The firm’s Ethereum Trust now has $1.81 billion inetherAUM.\n• Grayscale also has trusts forlitecoin($125.0 million),bitcoin cash($70.7 million),ethereum classic($67.7 million) and others with less significant holdings includingXRP,XLMandzcash.\n• New York-basedGrayscaleis owned by Digital Currency Group, the parent company of CoinDesk.\nRead also:SkyBridge’s Scaramucci Sees Bitcoin Rally in ‘First Inning’\n• Grayscale Has $16.4B in Crypto Assets Under Management, Up From $13B a Week Ago\n• Grayscale Has $16.4B in Crypto Assets Under Management, Up From $13B a Week Ago\n• Grayscale Has $16.4B in Crypto Assets Under Management, Up From $13B a Week Ago\n• Grayscale Has $16.4B in Crypto Assets Under Management, Up From $13B a Week Ago', 'Digital asset manager Grayscale Investments reached $16.4 billion in assets under management (AUM), up from the $13 billion the firm announced last week. Data tweeted by the firm showed its largest holdings remain in bitcoin , with the Grayscale Bitcoin Trust having $14.1 billion in the top crypto asset. The firm\x92s Ethereum Trust now has $1.81 billion in ether AUM. Grayscale also has trusts for litecoin ($125.0 million), bitcoin cash ($70.7 million), ethereum classic ($67.7 million) and others with less significant holdings including XRP , XLM and zcash . New York-based Grayscale is owned by Digital Currency Group, the parent company of CoinDesk. Read also: SkyBridge\x92s Scaramucci Sees Bitcoin Rally in \x91First Inning\x92 Related Stories Grayscale Has $16.4B in Crypto Assets Under Management, Up From $13B a Week Ago Grayscale Has $16.4B in Crypto Assets Under Management, Up From $13B a Week Ago Grayscale Has $16.4B in Crypto Assets Under Management, Up From $13B a Week Ago Grayscale Has $16.4B in Crypto Assets Under Management, Up From $13B a Week Ago View comments', "VANCOUVER, BC / ACCESSWIRE / December 24, 2020 / HIVE Blockchain Technologies Ltd. (TSX.V:HIVE)(OTCQX:HVBTF)(FSE:HBF) (the “Company” or “HIVE”) is pleased to announce, subject to regulatory approval, that it intends to complete a non-brokered private placement (the “ Transaction ”) of unsecured debentures (the “ Debentures ”), for aggregate gross proceeds of USD$15,000,000 with U.S. Global Investors, Inc. (“ U.S. Global ”). The Debentures will mature on the date that is 60 months from the date of issuance, bearing interest at a rate of 8% per annum. The Debentures will be issued at par, with each Debenture being redeemable by HIVE at any time, and convertible at the option of the holder into common shares (each, a “ Share ”) in the capital of the Company at a conversion price of CAD$3.00 per Share. Interest will be payable monthly and principal will be payable quarterly. In addition, U.S. Global will be issued 5.0 million common share purchase warrants (the “ Warrants ”). Each whole Warrant will entitle U.S. Global to acquire one common at an exercise price of CAD$3.00 per Share for a period of three years from closing. The Company intends to use the proceeds from the Transaction for general corporate purposes and working capital. Mr. Frank Holmes, Interim Executive Chairman of HIVE, commented, “The Transaction is an excellent opportunity for HIVE to enhance liquidity, maintain momentum and deploy capital into additional miners and infrastructure. U.S. Global has recently sold shares of HIVE in order to redeploy capital back into HIVE. No shares have been sold by me personally. The purchase of an 8% debt instrument by U.S. Global is consistent with its investment criteria and assists HIVE by providing working capital for its growth strategy. The financing is being completed without the usual 6% broker fees, and the cost of capital is much less than the 16% cost of capital associated with leasing equipment for crypto mining.” Story continues The issuance of the Debentures is subject to TSX Venture Exchange approval and is expected to close on or about December 31, 2020. The issuance of the Debentures to U.S. Global Investors, Inc. is considered a related party transaction within the meaning of TSXV Policy 5.9 and Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (“ MI 61-101 ”) as Frank Holmes, Interim Executive Chairman of HIVE is a director, officer and controlling shareholder of U.S. Global Investors, Inc. HIVE intends to rely on the exemptions from the formal valuation and minority approval in sections 5.5(b) and 5.7(1)(a) of MI 61-101 in respect of the Company not listed on specific markets and the Transaction fair market value not exceeding 25% of the Company's market capitalization. The Transaction was approved by the independent directors of HIVE and U.S. Global Investors, Inc. The Company expects to file a material change report in respect of the related party transaction less than twenty-one days prior to the closing of the Transaction, which the Company deems reasonable in the circumstances as the details of the Transaction and the participation by U.S. Global Investors, Inc. were not settled until shortly before the expected closing of the Transaction and the Company wished to complete the Transaction in an expeditious manner. About HIVE Blockchain Technologies Ltd. HIVE Blockchain Technologies Ltd. is a growth oriented, TSX.V-listed company building a bridge from the blockchain sector to traditional capital markets. HIVE owns state-of-the-art green energy-powered data centre facilities in Canada, Sweden, and Iceland which produce newly minted digital currencies like Bitcoin and Ethereum continuously on the cloud. Our deployments provide shareholders with exposure to the operating margins of digital currency mining as well as a portfolio of crypto-coins. For more information and to register to HIVE's mailing list, please visit www.HIVEblockchain.com . Follow @HIVEblockchain on Twitter and subscribe to HIVE's YouTube channel . On Behalf of HIVE Blockchain Technologies Ltd. “Frank Holmes” Interim Executive Chairman For further information please contact: Frank Holmes Tel: (604) 664-1078 Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. Forward-Looking Information Except for the statements of historical fact, this news release contains “forward-looking information” within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates and projections as at the date of this news release. The information in this news release about future plans and objectives of the Company, are forward-looking information; and the intentions, plans and future actions of the Company, including the intention to complete the Offering and the expected expenditure of the proceeds of the Offering, and the Company's objectives, goals or future plans as well as the Company's ability to successfully mine digital currency, the construction and operation of expanded blockchain infrastructure, and the regulatory environment of cryptocurrency in the United States and other jurisdictions where the Company may operate . This forward-looking information is based on reasonable assumptions and estimates of management of the Company at the time it was made, and involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Such factors include, among others: the COVID 19 crisis; the transaction described in this news release may not occur on the terms as proposed and described herein or at all and, if such transaction is completed, the cryptocurrency operation may not meet expected performance levels for one or more reasons; the proposed transaction may not have a positive impact on HIVE's revenues, or gross mining margin; the impact of new electrical power rates which could impair profitability and operating performance; the operation of the acquired assets may not occur as currently planned, or at all; expansion may not materialize as currently anticipated, or at all; the digital currency market; the ability to successfully mine digital currency; revenue may not increase as currently anticipated, or at all; it may not be possible to profitably liquidate the current digital currency inventory, or at all; a decline in digital currency prices may have a significant negative impact on operations; the volatility of digital currency prices; the Company may never realize more efficient operations, a lower cost structure, or greater flexibility in operation; risks relating to the global economic climate; dilution; and other related risks as more fully set out in the Management's Discussion and Analysis of Financial Condition and Results of Operations for the year ended March 31, 2020, and other documents disclosed under the Company's filings at www.sedar.com . The Company has also assumed that no significant events occur outside of the Company's normal course of business. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accord
**Last 60 Days of Bitcoin's Closing Prices:**
[13031.17, 13075.25, 13654.22, 13271.29, 13437.88, 13546.52, 13781.00, 13737.11, 13550.49, 13950.30, 14133.71, 15579.85, 15565.88, 14833.75, 15479.57, 15332.32, 15290.90, 15701.34, 16276.34, 16317.81, 16068.14, 15955.59, 16716.11, 17645.41, 17804.01, 17817.09, 18621.31, 18642.23, 18370.00, 18364.12, 19107.46, 18732.12, 17150.62, 17108.40, 17717.41, 18177.48, 19625.84, 18803.00, 19201.09, 19445.40, 18699.77, 19154.23, 19345.12, 19191.63, 18321.14, 18553.92, 18264.99, 18058.90, 18803.66, 19142.38, 19246.64, 19417.08, 21310.60, 22805.16, 23137.96, 23869.83, 23477.29, 22803.08, 23783.03, 23241.35]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2020-12-24
**Financial & Commodity Data:**
- Gold Closing Price: $1879.90
- Crude Oil Closing Price: $48.23
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $425,949,198,919
- Hash Rate: 116940488.24665588
- Transaction Count: 269559.0
- Unique Addresses: 639280.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.86
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Bitcoin’s ascent continues, with prices scaling the $18,000 mark during Asian trading hours. In a sign of persistent dip demand, sudden pullback to $17,200 seen following the breakout to fresh 34-month highs was quickly reversed.
“Bitcoinwill now be setting its sights on the all-time high of $20,000,” Simon Peters, crypto asset analyst at multi-asset investment platform eToro, said in an email. “The last time bitcoin hit the $20,000 mark was in 2017 and retail investors piled in as they experienced crypto FOMO.”
Intraditional markets, European shares and U.S. stock futures gained ground, and safe havens such as gold and the dollar weakened as investors continued to price in prospects of swift global recovery on potential coronavirus vaccines.
Related:Irish Man Gets 3 Years in Prison for Stealing $2.5M in Crypto Through SIM Hacks
Has betting on bitcoin become a crowded trade?
That was the assessment of some 4% of global fund managers in a monthly survey published Tuesday by Bank of America, when asked to name the “most crowded trade.” The response “long bitcoin” ranked behind “long U.S. tech” (65%), “short U.S. banks” (11%), “long corporate bonds” (9%) and “long gold” (5%):
A few things come to mind.
1) It’s hard to argue that “long bitcoin” is particularly crowded right now, given how many big investors have yet to assert that the trade has any merit at all. On Tuesday, Ray Dalio, CEO of Bridgewater Associates, the world’s largest hedge fund,tweetedseveral “problems with bitcoin being an effective currency,” including its limited usability as a form of payment. “What am I missing?” Dalio wrote. (#CryptoTwitter hadplenty of responsesfor that.)
Related:Deutsche Bank Says Investors Increasingly Prefer Bitcoin Over Gold as Inflation Hedge
According Mati Greenspan, founder of the foreign exchange and cryptocurrency research firm Quantum Economics, price-chart patterns suggest that bitcoin was “due for a pullback a long time ago.”
“But the fundamentals are firmly in control right now as increasingly large players are entering this tiny market,” Greenspan wrote Tuesday.
In other words, people arejust starting to arrive.
2) If the trade is crowded, then a lot of investors must be overjoyed athow well it’s working outthis year. Bitcoin shot past $17,000 Tuesday, and then $18,000 early Wednesday, rising to levels not seen in three years and with prices up more than 150% year to date. That compares with 12% for the Standard & Poor’s 500 Index of large U.S. stocks. This might be a sign the rally is overdone. But asdiscussed previously by First Mover, a lot of investment decisions are made on the basis ofbackward-looking track records. Few big banks have made a serious push into cryptocurrencies, but Germany’s Deutsche Bank has described bitcoin as the world’s best-performing asset in 2021.
“If you knew 10,000 people who owned bitcoin, you could phone all of them and congratulate them on their success,” Matt Blom, head of sales and trading for the cryptocurrency firm Diginex, wrote Tuesday. “Thing is, you don’t know 10,000 people who own bitcoin, you probably only know a handful. And they will all say the same thing: ‘I don’t own enough.'”
3) Market signals suggest that interest among big investors is growing, not plateauing – indicating there’s no shortage of traders looking to put more money into the trade. Openinterest in bitcoin futures has climbedto above $6 billion from $4 billion as recently as October, according to the data firm Skew. Even those amounts are still tiny fractions of bitcoin’s total market capitalization, currently about $325 billion.
4) The number of active bitcoin addresses recently climbed to about 1.2 million, but that’s still a touch below levels witnessed during bitcoin’s bull run of 2017, when prices surged to an all-time high near $20,000. According to the Norwegian cryptocurrency analysis firmArcane Research, “the number of active addresses has grown more organically in 2020, without a surging and dramatic spike as witnessed in late 2017.”
“The increase in active addresses indicate that bitcoin is seeing increased usage and adoption,” Arcane wrote Tuesday in a report. “This is a bullish and healthy sign and underlines the strength of the current bull run.”
5) The reality is that nobody really knows how to value bitcoin. It’s an 11-year-old cryptocurrency, too short of a timeline to really evaluate what it might be worth in the future, especially when neither Federal Reserve nor private economists can agree on the likelihood of eventual runaway inflation from this year’s trillions of dollars of coronavirus-related stimulus, or on the impact of epochal changes like theshift to remote working. Bitcoin has no earnings, so it can’t be valued like a stock, and it has no yield, so it can’t be valued like a bond. The price is really just a function of how many people want to buy it, versus the amount that’s created every day by cryptocurrency miners. (By the way, that’s about 900 bitcoin per day, worth about $15.3 million at current prices.) Dalio argues that governments will “outlaw it and make it too dangerous to use” if bitcoin becomes too popular. But according to that same Bank of America fund-manager survey, some 3%-4% of global fund managers think bitcoin is the asset class most likely to outperform in 2021. (Emerging markets ranked first, followed by the S&P 500, oil and gold.)
So roughly the same percentage of respondents see bitcoin prices climbing higher as those who see the trade as overcrowded. These are all just guesses about what the future holds, of course. ACitigroup analyst recently predicted the price could pass $300,000by the end of next year.
If that’s the case, there’slittle reason for the crowd to disperse.
Bitcoin’s recent rally from $10,000 to $18,000 looks similar to the steep rise to record highs near $20,000 seen in the final quarter of 2017. However, that does not necessarily mean the market is now nearing a top.
While the 2017 rally peaked in December, the current rally looks to have legs, according to the Mayer Multiple, which is the ratio of price to the 200-day moving average. At press time, the ratio stands at a 16-month high of 1.67. However, the metric is still well short of the 2.4 threshold that has historically signaled the final leg of the bull markets.
The ratio rose above 2.4 on Dec. 1, 2017, after which bitcoin doubled in value to $20,000 in just two weeks before falling back to $12,000 on Dec. 22. Similar price action was observed in April and November 2013 after the ratio rose above 2.4.
– Omkar Godbole
Read More:Bitcoin Indicator Suggests Bull Market Is Still in Early Phase
CME sees record high open interest for bitcoin futures on wave of institutional inflows (CoinDesk)
Grayscale (a unit of CoinDesk parent company Digital Currency Group) says assets under management broke $10B (CoinDesk)
One of Mexico’s billionaires reveals 10% of his liquid assets are in bitcoin (CoinDesk)
Crypto-friendly U.S. regulator Brooks gets nod from Trump to serve 5-year term leading OCC (CoinDesk)
Traders brace for major volatility as bitcoin price nears record high (CoinDesk)
Zcash undergoes first halving as major upgrade drops ‘Founders Fund’ (CoinDesk)
OKEx mining pool flatlines after 99.5% hash power drop as withdrawal suspensions spook clients (CoinDesk)
U.S. retail sales lose speed as pandemic, lack of fiscal stimulus weigh (Reuters)
Saudi Arabia’s state oil company, Saudi Aramco, selling $8B of bonds to raise cash as low crude prices dent finances (Reuters)
Trump Federal Reserve nominee Judy Shelton (who advocated returning to gold standard) fails key Senate procedural vote (CNBC)
New York tourisim industry, which supported 400,000 jobs and $46B of annual spending in local hospitality industry, won’t recover until 2025 (NYT)
Roughly 300 companies that received about $500M of emergency loans from the U.S. government have filed for bankruptcy (WSJ)
• First Mover: As Bitcoin Shoots Past $18K, There’s Comfort in the Crowded Trade
• First Mover: As Bitcoin Shoots Past $18K, There’s Comfort in the Crowded Trade...
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
24664.79, 26437.04, 26272.29, 27084.81, 27362.44, 28840.95, 29001.72, 29374.15, 32127.27, 32782.02
|
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Bitcoin , BTC to USD, rose by 2.31% on Thursday. Reversing most of Wednesday’s 2.50% fall, Bitcoin ended the day at $23,743.5. It was another mixed start to the day. Bitcoin fell to an early morning intraday low $22,701.0 before making a move. Steering clear of the first major support level at $22,527, Bitcoin rallied to a final hour intraday high $23,790.0. Falling short of the first major resistance level at $24,016, Bitcoin eased back to end the day at $23,740 levels. The near-term bullish trend remained intact, supported by the latest breakthrough to $24,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $11,733 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was a mixed day on Thursday. Crypto.com Coin slid by 5.12% to buck the trend on the day. It was a bullish day for the rest of the majors, however. Ripple’s XRP surged by 29.65% to lead the way. Cardano’s ADA (+11.78%) and Litecoin (+8.53%) also found strong support. Binance Coin (+4.15%), Bitcoin Cash SV (+3.85%), Chainlink (+5.17%), Ethereum (+4.60%), and Polkadot (+6.11%) trailed the front runners, however. In the current week, the crypto total market cap rose to a Monday high $671.50bn before sliding to a Wednesday low $590.85bn. At the time of writing, the total market cap stood at $635.77bn. Bitcoin’s dominance rose from a Monday low 66.74% to a Wednesday high of 71.14%. At the time of writing, Bitcoin’s dominance stood at 69.01%. This Morning At the time of writing, Bitcoin was down 0.39% to $23,651.0. A mixed start to the day saw Bitcoin rise to an early morning high $23,831.0 before falling to a low $23,567.0. Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was another mixed start to the day. Bitcoin Cash SV (+0.67%), Cardano’s ADA (+0.94%), Crypto.com Coin (+3.96%), and Polkadot (+0.42%) found early support to buck the trend early on. Story continues It was a bearish start for the rest of the majors, however. At the time of writing, Ripple’s XRP was down by 0.72% to lead the way down. For the Bitcoin Day Ahead Bitcoin would need to avoid a fall through the pivot level at $23,412 to bring the first major resistance level at $24,122 into play. Support from the broader market would be needed for Bitcoin to break back through to $24,000 levels. Barring an extended crypto rally, the first major resistance level would likely cap any upside. In the event of another extended crypto rally, Bitcoin could test resistance at $24,500 before any pullback. The second major resistance level sits at $24,501. Failure to avoid a fall through the $23,412 pivot would bring the first major support level at $23,033 into play. Barring another extended crypto sell-off, Bitcoin should steer clear of sub-$23,000 levels. The second major support level sits at $22,323. This article was originally posted on FX Empire More From FXEMPIRE: Gold Price Forecast – Gold Markets Bounce From 50 Day EMA Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – December 25th, 2020 USD/CAD Daily Forecast – Canadian Dollar Moves Higher Against U.S. Dollar Can Bitcoin Hit $100,000 in 2021? Regulators and the Bulls may have to Battle it out! The Crypto Daily – Movers and Shakers – December 25th, 2020 European Equities: A Week in Review – 25/12/20', 'Bitcoin , BTC to USD, rose by 2.31% on Thursday. Reversing most of Wednesday’s 2.50% fall, Bitcoin ended the day at $23,743.5. It was another mixed start to the day. Bitcoin fell to an early morning intraday low $22,701.0 before making a move. Steering clear of the first major support level at $22,527, Bitcoin rallied to a final hour intraday high $23,790.0. Falling short of the first major resistance level at $24,016, Bitcoin eased back to end the day at $23,740 levels. The near-term bullish trend remained intact, supported by the latest breakthrough to $24,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $11,733 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was a mixed day on Thursday. Crypto.com Coin slid by 5.12% to buck the trend on the day. It was a bullish day for the rest of the majors, however. Ripple’s XRP surged by 29.65% to lead the way. Cardano’s ADA (+11.78%) and Litecoin (+8.53%) also found strong support. Binance Coin (+4.15%), Bitcoin Cash SV (+3.85%), Chainlink (+5.17%), Ethereum (+4.60%), and Polkadot (+6.11%) trailed the front runners, however. In the current week, the crypto total market cap rose to a Monday high $671.50bn before sliding to a Wednesday low $590.85bn. At the time of writing, the total market cap stood at $635.77bn. Bitcoin’s dominance rose from a Monday low 66.74% to a Wednesday high of 71.14%. At the time of writing, Bitcoin’s dominance stood at 69.01%. This Morning At the time of writing, Bitcoin was down 0.39% to $23,651.0. A mixed start to the day saw Bitcoin rise to an early morning high $23,831.0 before falling to a low $23,567.0. Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was another mixed start to the day. Bitcoin Cash SV (+0.67%), Cardano’s ADA (+0.94%), Crypto.com Coin (+3.96%), and Polkadot (+0.42%) found early support to buck the trend early on. Story continues It was a bearish start for the rest of the majors, however. At the time of writing, Ripple’s XRP was down by 0.72% to lead the way down. For the Bitcoin Day Ahead Bitcoin would need to avoid a fall through the pivot level at $23,412 to bring the first major resistance level at $24,122 into play. Support from the broader market would be needed for Bitcoin to break back through to $24,000 levels. Barring an extended crypto rally, the first major resistance level would likely cap any upside. In the event of another extended crypto rally, Bitcoin could test resistance at $24,500 before any pullback. The second major resistance level sits at $24,501. Failure to avoid a fall through the $23,412 pivot would bring the first major support level at $23,033 into play. Barring another extended crypto sell-off, Bitcoin should steer clear of sub-$23,000 levels. The second major support level sits at $22,323. This article was originally posted on FX Empire More From FXEMPIRE: Gold Price Forecast – Gold Markets Bounce From 50 Day EMA Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – December 25th, 2020 USD/CAD Daily Forecast – Canadian Dollar Moves Higher Against U.S. Dollar Can Bitcoin Hit $100,000 in 2021? Regulators and the Bulls may have to Battle it out! The Crypto Daily – Movers and Shakers – December 25th, 2020 European Equities: A Week in Review – 25/12/20', 'The Majors It was a mixed week for the European majors in the shortened week ending 24 th December 2020. German and Italian markets were closed on Thursday and Friday, with France on a shortened session on Thursday. The DAX30 and CAC40 fell by 0.32% and by 0.10% respectively, while the EuroStoxx600 rose by 0.02%. A bearish start to the week left the majors in the deep red. News of a new coronavirus strain in the UK and a lack of progress towards a Brexit deal weighed. EU member states and beyond banned UK travel in response to the news of the new strain in a bid to avoid exposure to the more virulent strain. Sentiment shifted on Tuesday, however, supporting recovery from Monday’s sell-off. Support kicked in following news of U.S lawmakers agreeing on an $892bn COVID-19 stimulus package, however. Even news of Trump’s unwillingness to sign the stimulus bill failed to sink the majors. Expectations are that a more substantial and meaningful package would provide more material support to the economic recovery. In spite of the negative news on the COVID-19 front, news of an imminent Brexit deal also delivered support for the majors. The Stats It was a quiet week on the economic calendar. Key stats included Flash Eurozone Consumer Confidence and German GfK Consumer Climate figures. For the Eurozone, the Flash Consumer Confidence Indicator rose from -17.6 to -13.9. In spite of the uptick, the indicator remained well below its long-run average of -11.2, however. From Germany, the GfK Consumer Climate Indicator fell from -6.7 to -7.3 in January. Economists had forecasted a larger decline to -8.8. A fall in income expectations weighed on the headline figure, with the latest spike in new COVID-19 cases and lockdown measures raising uncertainty. On Wednesday, finalized 3 rd quarter GDP figures from Spain had a muted impact on the majors. Spain’s economy expanded by 16.4% in the 3 rd quarter, according to finalized figures, revised down from a prelim 16.7%. In the 2 nd quarter, the economy had contracted by 17.9%, quarter-on-quarter. From the U.S Economic data was on the heavier side, with November core durable goods, personal spending, and inflation figures in focus. Weekly jobless claims figures also drew interest ahead of the holidays. In the week ending 18 th December, initial jobless claims stood at 805k, falling back from an upwardly revised 892k from the previous week. Durable goods orders were also positive, with orders rising by 0.9% in November, following a 1.8% increase in October. Core durable goods fell short of forecasts, however, rising by 0.4%. In October, core durable goods orders had increased by 1.9%. Story continues On the negative, however, was a fall in personal spending. In November, personal spending fell by 0.4%, reversing a 0.3% rise in October. Economists had forecasted a 0.2% decline. Inflation figures were market neutral in spite of falling short of forecasts. In November, the core PCE Price Index rose by 1.4%, following a 1.4% increase in October. Economists had forecasted a 1.5% increase. Other stats included finalized 3 rd quarter GDP and consumer sentiment figures together with November housing sector data. The stats had a muted impact on the European majors, however. The Market Movers From the DAX , it was a mixed week for the auto se
**Last 60 Days of Bitcoin's Closing Prices:**
[13075.25, 13654.22, 13271.29, 13437.88, 13546.52, 13781.00, 13737.11, 13550.49, 13950.30, 14133.71, 15579.85, 15565.88, 14833.75, 15479.57, 15332.32, 15290.90, 15701.34, 16276.34, 16317.81, 16068.14, 15955.59, 16716.11, 17645.41, 17804.01, 17817.09, 18621.31, 18642.23, 18370.00, 18364.12, 19107.46, 18732.12, 17150.62, 17108.40, 17717.41, 18177.48, 19625.84, 18803.00, 19201.09, 19445.40, 18699.77, 19154.23, 19345.12, 19191.63, 18321.14, 18553.92, 18264.99, 18058.90, 18803.66, 19142.38, 19246.64, 19417.08, 21310.60, 22805.16, 23137.96, 23869.83, 23477.29, 22803.08, 23783.03, 23241.35, 23735.95]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2020-12-25
**Financial & Commodity Data:**
- Gold Closing Price: $1879.90
- Crude Oil Closing Price: $48.23
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $425,949,198,919
- Hash Rate: 133646272.28189243
- Transaction Count: 303901.0
- Unique Addresses: 662980.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.94
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Thematic exchange-traded funds are all the rage this year as investors pile into funds focusing on everything from fintech to sports betting to video games and much, much more. Such ETFs hauled in $2.5 billion already this month, putting the group on pace for $20 billion in 2020 year-to-date inflows, according to Bloomberg . The phenomenon is largely attributed to retail investors and the Robinhood crowd, but $20 billion is a big number to pin on smaller number investors. Even if that's all retail money (it's not), that figure implies professional investors are really missing out when it comes to fintech ETFs . Consider the case of the Global X FinTech ETF (NASDAQ: FINX ), which is higher by 33.06% year-to-date, beating the S&P 500 by a margin of almost 3-to-1. Why It's Important : Home to nearly $792 million in assets under management, FINX is more than 4 years old, making it seasoned among thematic funds and ancient by the standards of fintech ETFs. FINX tracks the Indxx Global FinTech Thematic Index and holds 33 stocks, a stable that focuses on companies “a range of innovations helping to transform established industries like insurance, investing, fundraising, and third-party lending through unique mobile and digital solutions,” according to Global X . Investor enthusiasm for FINX is palpable. Month-to-date, the fintech ETF is on the receiving end of $6.11 million of inflows. Year-to-date, the number is nearly $156 million, representing a hefty percentage of the fund's total assets under management. What's Next : PayPal (NASDAQ: PYPL ) and Square (NYSE: SQ ), two of the most recognizable large-cap fintechs, are driving the group, providing a tailwind for FINX because the ETF allocates almost 14% to that duo. The exposure of those companies to the booming cryptocurrency market is another catalyst for FINX. “PayPal, a pioneer in the digital payments industry, now offers users the ability to transact with Bitcoin and other cryptocurrencies,” according to Global X research. “The platform’s expanded cryptocurrency functionality also allows users to buy, hold, and sell Bitcoin, Bitcoin Cash, Ethereum, and Litecoin.” Story continues For companies like PayPal, there are tangible benefits to adding crypto services and rival Square proves as much. “Square and Robinhood are two examples of companies that increased revenue after implementing cryptocurrency services. Square reported that revenue from Bitcoin reached $875 million in Q2 2020, a 600% year-over-year increase,” according to Global X. Disclosure: The author owns shares of Square . See more from Benzinga Click here for options trades from Benzinga 3 Hong Kong ETFs For Market Demotion Chatter To The Moon For Innovation © 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved....
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
26437.04, 26272.29, 27084.81, 27362.44, 28840.95, 29001.72, 29374.15, 32127.27, 32782.02, 31971.91
|
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Bitcoin, BTC to USD, rallied by 4.11% on Friday. Following on from a 2.31% gain on Thursday, Bitcoin ended the day at $24,720.1.\nIt was another mixed start to the day. Bitcoin fell to an early morning low $23,420.0 before making a move.\nSteering clear of the first major support level at $23,033, Bitcoin rallied to a late morning high $24,722.0.\nBitcoin broke through the first major resistance level at $24,122 and the second major resistance level at $24,501 before hitting reverse.\nThe reversal saw Bitcoin slide to an early afternoon intraday low $22,855.\nBitcoin fell through the first major support level at $23,033 before hitting a late intraday high and a new swing hi $24,802.0.\nThe rebound saw Bitcoin break back through the first and second major resistance levels to wrap up the day at $24,700 levels.\nThe near-term bullish trend remained intact, supported by the latest breakthrough to $24,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $11,946 to form a near-term bearish trend.\nAcross the rest of the majors, it was a mixed day on Friday.\nChainlink(-0.29%), Polkadot (-2.20%), andRipple’s XRP(-5.94%) saw red to buck the trend on the day.\nIt was a bullish day for the rest of the majors, however.\nLitecoinrallied by 14.84% to lead the way.\nBitcoin Cash SV(+2.96%),Cardano’s ADA(+2.99%), andCrypto.com Coin(+3.96%) also found relatively strong support.\nBinance Coin(+2.13%) andEthereum(+2.37%) trailed the front runners, however.\nIn the current week, the crypto total market cap rose to a Monday high $671.50bn before sliding to a Wednesday low $590.85bn. At the time of writing, the total market cap stood at $657.72bn.\nBitcoin’s dominance rose from a Monday low 66.74% to a Wednesday high of 71.14%. At the time of writing, Bitcoin’s dominance stood at 69.49%.\nAt the time of writing, Bitcoin was down by 0.51% to $24,594.0. A mixed start to the day saw Bitcoin rise to an early morning high $24,775.0 before falling to a low $24,550.0.\nBitcoin left the major support and resistance levels untested early on.\nElsewhere, it was a mixed start to the day.\nRipple’s XRP (-2.02%), Cardano’s ADA (-0.29%), and Litecoin (-0.12%) joined Bitcoin in the red early on.\nIt was a bullish start for the rest of the majors, however.\nAt the time of writing, Crypto.com Coin was up by 2.42% to lead the way.\nBitcoin would need to avoid a fall through the pivot level at $24,126 to bring the first major resistance level at $25,396 into play.\nSupport from the broader market would be needed for Bitcoin to break out from Friday’s high $24,802.0.\nBarring an extended crypto rally, the first major resistance level would likely cap any upside.\nIn the event of another extended crypto rally, Bitcoin could test resistance at $26,000 before any pullback. The second major resistance level sits at $26,073.\nFailure to avoid a fall through the $24,126 pivot would bring the first major support level at $23,449 into play.\nBarring another extended crypto sell-off, Bitcoin should steer clear of sub-$23,000 levels. The second major support level sits at $22,179.\nThisarticlewas originally posted on FX Empire\n• Crude Oil Price Update – Strong Uptrend Overriding Weak ‘Overbought’ Oscillator Signals\n• U.S. Dollar Index (DX) Futures Technical Analysis – Trader Reaction to 90.395 Determines Short-Term Direction\n• European Equities: A Week in Review – 25/12/20\n• USD/CAD Daily Forecast – Canadian Dollar Moves Higher Against U.S. Dollar\n• Gold Weekly Price Forecast – Gold Markets Have Neutral Week\n• Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – December 26th, 2020', 'Bitcoin , BTC to USD, rallied by 4.11% on Friday. Following on from a 2.31% gain on Thursday, Bitcoin ended the day at $24,720.1. It was another mixed start to the day. Bitcoin fell to an early morning low $23,420.0 before making a move. Steering clear of the first major support level at $23,033, Bitcoin rallied to a late morning high $24,722.0. Bitcoin broke through the first major resistance level at $24,122 and the second major resistance level at $24,501 before hitting reverse. The reversal saw Bitcoin slide to an early afternoon intraday low $22,855. Bitcoin fell through the first major support level at $23,033 before hitting a late intraday high and a new swing hi $24,802.0. The rebound saw Bitcoin break back through the first and second major resistance levels to wrap up the day at $24,700 levels. The near-term bullish trend remained intact, supported by the latest breakthrough to $24,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $11,946 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was a mixed day on Friday. Chainlink (-0.29%), Polkadot (-2.20%), and Ripple’s XRP (-5.94%) saw red to buck the trend on the day. It was a bullish day for the rest of the majors, however. Litecoin rallied by 14.84% to lead the way. Bitcoin Cash SV (+2.96%), Cardano’s ADA (+2.99%), and Crypto.com Coin (+3.96%) also found relatively strong support. Binance Coin (+2.13%) and Ethereum (+2.37%) trailed the front runners, however. In the current week, the crypto total market cap rose to a Monday high $671.50bn before sliding to a Wednesday low $590.85bn. At the time of writing, the total market cap stood at $657.72bn. Bitcoin’s dominance rose from a Monday low 66.74% to a Wednesday high of 71.14%. At the time of writing, Bitcoin’s dominance stood at 69.49%. This Morning At the time of writing, Bitcoin was down by 0.51% to $24,594.0. A mixed start to the day saw Bitcoin rise to an early morning high $24,775.0 before falling to a low $24,550.0. Story continues Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was a mixed start to the day. Ripple’s XRP (-2.02%), Cardano’s ADA (-0.29%), and Litecoin (-0.12%) joined Bitcoin in the red early on. It was a bullish start for the rest of the majors, however. At the time of writing, Crypto.com Coin was up by 2.42% to lead the way. For the Bitcoin Day Ahead Bitcoin would need to avoid a fall through the pivot level at $24,126 to bring the first major resistance level at $25,396 into play. Support from the broader market would be needed for Bitcoin to break out from Friday’s high $24,802.0. Barring an extended crypto rally, the first major resistance level would likely cap any upside. In the event of another extended crypto rally, Bitcoin could test resistance at $26,000 before any pullback. The second major resistance level sits at $26,073. Failure to avoid a fall through the $24,126 pivot would bring the first major support level at $23,449 into play. Barring another extended crypto sell-off, Bitcoin should steer clear of sub-$23,000 levels. The second major support level sits at $22,179. This article was originally posted on FX Empire More From FXEMPIRE: Crude Oil Price Update – Strong Uptrend Overriding Weak ‘Overbought’ Oscillator Signals U.S. Dollar Index (DX) Futures Technical Analysis – Trader Reaction to 90.395 Determines Short-Term Direction European Equities: A Week in Review – 25/12/20 USD/CAD Daily Forecast – Canadian Dollar Moves Higher Against U.S. Dollar Gold Weekly Price Forecast – Gold Markets Have Neutral Week Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – December 26th, 2020', 'The price of bitcoin (BTC) topped $25,000 for the first time ever, a mere week after breaking $24,000 for the first time.\n• The price of the leading cryptocurrency continued its recent torrid pace, breaking $25,000 Friday night for the first time, and setting a new all-time high of $25,914.46 Saturday morning, before falling back to $25,669.62, up 6.18% on the day. Year-to-date BTC is up more than 250%.\n• Institutional investors are perceived to be driving this record-setting run. Among them: Anthony Scaramucci’s Skybridge Capital ($25 millionin December); MassMutual ($100 millionin December); and Guggenheim (up to 10%of its $5 billion macro fund).\nUPDATE (Dec. 26, 16:29 UTC):Adds new all-time high.\nRead more:Over $20K? Why Is Bitcoin Worth Anything at All?\n• Bitcoin Hits $25K for First Time Ever, Approaches $26K\n• Bitcoin Hits $25K for First Time Ever, Approaches $26K\n• Bitcoin Hits $25K for First Time Ever, Approaches $26K\n• Bitcoin Hits $25K for First Time Ever, Approaches $26K', 'The price of bitcoin (BTC) topped $25,000 for the first time ever, a mere week after breaking $24,000 for the first time. The price of the leading cryptocurrency continued its recent torrid pace, breaking $25,000 Friday night for the first time, and setting a new all-time high of $25,914.46 Saturday morning, before falling back to $25,669.62, up 6.18% on the day. Year-to-date BTC is up more than 250%. Institutional investors are perceived to be driving this record-setting run. Among them: Anthony Scaramucci\x92s Skybridge Capital ( $25 million in December); MassMutual ( $100 million in December); and Guggenheim ( up to 10% of its $5 billion macro fund). UPDATE (Dec. 26, 16:29 UTC): Adds new all-time high. Read more: Over $20K? Why Is Bitcoin Worth Anything at All? Related Stories Bitcoin Hits $25K for First Time Ever, Approaches $26K Bitcoin Hits $25K for First Time Ever, Approaches $26K Bitcoin Hits $25K for First Time Ever, Approaches $26K Bitcoin Hits $25K for First Time Ever, Approaches $26K', 'The price of bitcoin (BTC) topped $25,000 for the first time ever, a mere week after breaking $24,000 for the first time.\n• The price of the leading cryptocurrency continued its recent torrid pace, breaking $25,000 Friday night for the first time, and setting a new all-time high of $25,914.46 Saturday morning, before falling back to $25,669.62, up 6.18% on the day. Year-to-date BTC is up more than 250%.\n• Institutional investors are perceived to be driving this record-setting run. Among them: Anthony Scaramucci’s Skybridge Capital ($25 millionin December); MassMutual ($100 millionin December); and Guggenheim (up to 10%of
**Last 60 Days of Bitcoin's Closing Prices:**
[13654.22, 13271.29, 13437.88, 13546.52, 13781.00, 13737.11, 13550.49, 13950.30, 14133.71, 15579.85, 15565.88, 14833.75, 15479.57, 15332.32, 15290.90, 15701.34, 16276.34, 16317.81, 16068.14, 15955.59, 16716.11, 17645.41, 17804.01, 17817.09, 18621.31, 18642.23, 18370.00, 18364.12, 19107.46, 18732.12, 17150.62, 17108.40, 17717.41, 18177.48, 19625.84, 18803.00, 19201.09, 19445.40, 18699.77, 19154.23, 19345.12, 19191.63, 18321.14, 18553.92, 18264.99, 18058.90, 18803.66, 19142.38, 19246.64, 19417.08, 21310.60, 22805.16, 23137.96, 23869.83, 23477.29, 22803.08, 23783.03, 23241.35, 23735.95, 24664.79]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2020-12-26
**Financial & Commodity Data:**
- Gold Closing Price: $1879.90
- Crude Oil Closing Price: $48.23
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $425,949,198,919
- Hash Rate: 127149578.49041158
- Transaction Count: 273954.0
- Unique Addresses: 627843.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.93
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Before The Beatles became the most popular band of all time, they were mainstays at a hole-in-the-wall club in Liverpool called The Cavern. Between 1961 and 1963, the boys would play rock-n-roll nightly to a small but dedicated audience of fans. Those lucky enough to see The Beatles during this period understood they were witnessing something special and spread word of the band to their friends. Over time, the crowds grew bigger and The Beatles eventually became too popular for their hometown venue. Not six months after playing their last show at the Cavern, they had a number one record and were playing to millions on the Ed Sullivan show. That’s hyper-Beatlization for you. This post is part of CoinDesk’s 2020 Year in Review – a collection of op-eds, essays and interviews about the year in crypto and beyond. Justin Wales is a lawyer and the co-chair of Carlton Fields’ national blockchain and virtual currency practice. He is the author of “Bitcoin is Speech Notes Toward Developing the Conceptual Contours of Its Protection Under the First Amendment.” I assure you this article is about Bitcoin. Related: Public Blockchains Are Set to Reshape Global Commerce (2020 Was the Start) For those lucky enough to see The Beatles in Liverpool, watching them go on to become “bigger than Jesus” must have been a mixed bag. Seeing something you loved first become accepted by the entire world is validating, but it also means that thing is no longer just for you. You now have to share it with the world and that risks it losing the qualities that attracted you to it in the first place. Before you know it, your favorite band is just a corporate brand used to sell socks . Thinking about what it was like to watch The Beatles play some grimy bar is a good analogy to what many bitcoiners are going through at this very moment. In the last few months, it feels like the venue has gotten crowded and that it’s time for Bitcoin to leave to conquer the world. Story continues New voices have entered the space and have changed the way we talk about the Bitcoin network. The conversation is dominated by those speculating about the bitcoin cryptocurrency’s use as an investment vehicle for the already wealthy. Fewer and fewer people preach its role as a tool for democratizing finance. It is essential that throughout this bull run, as we celebrate the rewards that come with being at the right place at the right time, that we remember what makes Bitcoin unique and fight like hell to keep it that way. Bitcoin is a network. That’s its magic. It isn’t like a stock or a bond or even like gold. It is just a powerful system that allows people all over the world to privately interact with one another in a manner that is wholly unconcerned with whether any institution or government likes it or not. Related: Where Peer-to-Peer Finance Grabbed Hold This Year That is the revolution. Bitcoin is not large PayMent [trademarked] processors allowing its customers to purchase, but never hold, bitcoin directly or the marginal efficiencies available to those wishing to transfer millions of dollars between corporate treasuries. Those types of things, and the general influx of institutional investors looking for a hedge against the dollar are fine and maybe even necessary for hyper-Bitcoinization to occur, but it’s not what makes Bitcoin special. The ability to directly and discreetly transact with one another is what makes Bitcoin special. It is imperative on all of us lucky fools who got to see Bitcoin when it was still playing at the Cavern to remind people why that was, and is still, so important. See also: Justin Wales – Why Bitcoin Is Protected by the First Amendment The next year will be a lot of fun, but also a time when many new voices will be given a space to propose ways to take Bitcoin mainstream. In the goal of attracting institutional investors, many will cheer on regulations that undercut our ability to transact with Bitcoin without institutional or governmental approval. In other words, regulations that aim to change the fundamental characteristic that made Bitcoin special in the first place. We already see this happening with rumors of impending regulations on the ability to send funds to self-hosted wallets from money service businesses and exchanges. Such restrictions are bad for Bitcoin and privacy generally and will require a lot more than retweets to be stopped. With your newfound gains, I recommend donating money to groups like Coin Center that fund research and advocacy focused on upholding the principles of liberty and privacy that were so vital to Bitcoin’s founding. As bitcoin becomes corporatized, it is imperative that its first objective of democratizing finance through disintermediation endures. One last thing about the Beatles: I do genuinely love them. There is no better music made, as far as I am concerned. Because being a Beatles fan is so core to my identity, I have been gifted a lot of Beatles merchandise over the years. Last year, someone bought me a collection of officially licensed Beatles dress socks back before virus regulations shuttered my law office. Not 10 minutes after I put on a pair of these socks, I felt a tear and, sure enough, I tore a hole in the sock. I sat there looking down at my big toe popping out of John Lennon’s torso under the words “REVOLUTION.” I realized right then that these socks had nothing to do with The Beatles. It was just a product created to make a buck without offering me anything that made The Beatles special other than its branding. It was a product masquerading as something revolutionary. How pathetic. My bet is Bitcoin will be around for a long, long time. As large institutions and the CNBC crowd continue to recognize it as an investment opportunity, there will be an increasing number of ways for people to interact with “Bitcoin.” But at some point, we’re going to need to ask ourselves whether the things we brand as bitcoin are so centralized and overregulated that they no longer work toward achieving Bitcoin’s original goal of spurring a financial revolution. As these “bitcoins” become corporatized and regulated into the mainstream, it is imperative that Bitcoin’s first objective of democratizing finance through disintermediation endures. The alternative is Bitcoin loses the very innovative principles that allowed it to grow in the first place and becomes just another product masquerading as something revolutionary. How pathetic would that be? Related Stories You Say You Want a Bitcoin Revolution You Say You Want a Bitcoin Revolution...
- Reddit Posts (Sample): []...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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26272.29, 27084.81, 27362.44, 28840.95, 29001.72, 29374.15, 32127.27, 32782.02, 31971.91, 33992.43
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['SAN FRANCISCO, CA / ACCESSWIRE / December 26, 2020 /Binance, the world\'s largest cryptocurrency exchange with Billions of USD in daily cryptocurrency trading volume - have partnered with Reef Finance in pioneering Decentralized Finance built with Polkadot.\n"Binance Launchpool, a new initiative designed to bring the decentralized finance experience to Binance users, today announced its new project, Reef Finance - a multi-chain smart yield engine and liquidity aggregator where any financial hub can integrate into."Pioneering DeFi on Polkadot: Binance Launchpool Introduces Reef Finance, Binance.com, Dec. 22, 2020.\nReef gives retail investors access to the DeFi landscape with a very low technical barrier of entry, while at the same time, it augments the decision making process based on users\' risk levels. On the heels of its latestintegration with Binance, one of the leading crypto exchanges globally by trading volume, Reef Finance is introducing its native token, REEF, to the extensive user base on the Binance platform through the Binance Launchpool. The strategic collaboration enables Binance users to take advantage of crypto purchases with fiat and trading through the Reef Finance platform in a non-custodial manner. In addition, Reef Finance is eyeing the potential offering of Binance Chain support to its users in the future.\nBinance\'s Launchpool platform was created to facilitate new digital farming for users. The project is now aiming to simplify the reward acquisition process for staking Binance Coin (BNB) and other assets on the Binance platform. During Launchpool participation, users will be able to stake their BNB, Binance USD (BUSD) or Polkadot\'s DOT tokens into separate pools to farm $REEF tokens, starting from Dec. 23, 2020, at 0:00 am UTC. Binance will then list REEF in the innovation zone on Dec. 29, 2020, at 6:00 am UTC and open two initial trading pairs in REEF/USDT and REEF/BTC, with REEF/BNB and REEF/BUSD to become available in January. Reef is also the first Launchpool project where Binance users will be able to stake their DOT tokens and earn staking rewards. To sum up, DOT holders can now farm REEF on Binance, whereas usually, one could farm with BNB, BUSD and Ether (ETH). Now with Reef, one can farm using BNB, BUSD and DOT.\nReef is positioned as a hub for DeFi and other cryptocurrency financial services on Polkadot. As a founding member of thePolkadot DeFi Alliance, it will support and grow the overall success of the ecosystem as a cross-chain solution with a cohort of members and partners, such asInterlay,EquilibriumandMoonbeam.\n"By abstracting away the complexities of using order books and learning how different protocols work, Reef gives the retail investor access to the DeFi landscape with a very low technical barrier of entry and additionally augmenting the decision making process based on the user\'s risk levels," said Denko Mancheski, founder and CEO of Reef Finance.\n"We are very excited for the upcoming Polkadot ecosystem and glad to support Reef Finance\'s progress through Launchpool," said Binance CEO and Founder Changpeng Zhao. "It\'s also great to welcome our first Polkadot ecosystem project to Binance Smart Chain."\nFor more information about Reef Finance, read the in-depth report provided by Binance Research.\nJoin our community for exciting updates:WebsiteTelegramTwitterMedium\nContact:Business Name: DeFi CodePerson Name: Kinsa DurstEmail:[email protected] Number: +1 510-980-7855\nSOURCE:DeFi Code\nView source version on accesswire.com:https://www.accesswire.com/622351/Reef-Finance-Becomes-the-Marquee-Project-in-Pioneering-Decentralized-Finance-with-Binance-the-Worlds-Largest-Cryptocurrency-Exchange', 'SAN FRANCISCO, CA / ACCESSWIRE / December 26, 2020 / Binance , the world\'s largest cryptocurrency exchange with Billions of USD in daily cryptocurrency trading volume - have partnered with Reef Finance in pioneering Decentralized Finance built with Polkadot. "Binance Launchpool, a new initiative designed to bring the decentralized finance experience to Binance users, today announced its new project, Reef Finance - a multi-chain smart yield engine and liquidity aggregator where any financial hub can integrate into." Pioneering DeFi on Polkadot: Binance Launchpool Introduces Reef Finance, Binance.com, Dec. 22, 2020 . Reef gives retail investors access to the DeFi landscape with a very low technical barrier of entry, while at the same time, it augments the decision making process based on users\' risk levels. On the heels of its latest integration with Binance , one of the leading crypto exchanges globally by trading volume, Reef Finance is introducing its native token, REEF, to the extensive user base on the Binance platform through the Binance Launchpool. The strategic collaboration enables Binance users to take advantage of crypto purchases with fiat and trading through the Reef Finance platform in a non-custodial manner. In addition, Reef Finance is eyeing the potential offering of Binance Chain support to its users in the future. Binance\'s Launchpool platform was created to facilitate new digital farming for users. The project is now aiming to simplify the reward acquisition process for staking Binance Coin ( BNB ) and other assets on the Binance platform. During Launchpool participation, users will be able to stake their BNB, Binance USD (BUSD) or Polkadot\'s DOT tokens into separate pools to farm $REEF tokens, starting from Dec. 23, 2020, at 0:00 am UTC. Binance will then list REEF in the innovation zone on Dec. 29, 2020, at 6:00 am UTC and open two initial trading pairs in REEF/USDT and REEF/BTC, with REEF/BNB and REEF/BUSD to become available in January. Reef is also the first Launchpool project where Binance users will be able to stake their DOT tokens and earn staking rewards. To sum up, DOT holders can now farm REEF on Binance, whereas usually, one could farm with BNB, BUSD and Ether ( ETH ). Now with Reef, one can farm using BNB, BUSD and DOT. Story continues Reef is positioned as a hub for DeFi and other cryptocurrency financial services on Polkadot. As a founding member of the Polkadot DeFi Alliance , it will support and grow the overall success of the ecosystem as a cross-chain solution with a cohort of members and partners, such as Interlay , Equilibrium and Moonbeam . "By abstracting away the complexities of using order books and learning how different protocols work, Reef gives the retail investor access to the DeFi landscape with a very low technical barrier of entry and additionally augmenting the decision making process based on the user\'s risk levels," said Denko Mancheski, founder and CEO of Reef Finance. "We are very excited for the upcoming Polkadot ecosystem and glad to support Reef Finance\'s progress through Launchpool," said Binance CEO and Founder Changpeng Zhao. "It\'s also great to welcome our first Polkadot ecosystem project to Binance Smart Chain." For more information about Reef Finance, read the in-depth report provided by Binance Research. Join our community for exciting updates: Website Telegram Twitter Medium Contact: Business Name: DeFi Code Person Name: Kinsa Durst Email: [email protected] Phone Number: +1 510-980-7855 SOURCE: DeFi Code View source version on accesswire.com: https://www.accesswire.com/622351/Reef-Finance-Becomes-the-Marquee-Project-in-Pioneering-Decentralized-Finance-with-Binance-the-Worlds-Largest-Cryptocurrency-Exchange', 'Bitcoin , BTC to USD, rallied by 6.85% on Saturday. Following on from a 4.11% gain on Friday, Bitcoin ended the day at $26,413.0. It was another mixed start to the day. Bitcoin fell to an early morning intraday low $24,489.0 before making a move. Steering clear of the first major support level at $23,449, Bitcoin rallied to a late intraday high and a new swing hi $26,723.0. Bitcoin broke through the first major resistance level at $25,396 and the second major resistance level at $26,073. While easing back, Bitcoin avoided a fall back through the second major resistance level, holding onto the $26,000 handle through to the day end. The near-term bullish trend remained intact, supported by the latest breakthrough to $26,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $12,680 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was a mixed day on Saturday. Chainlink (-4.92%), Polkadot (-6.96%), and Ripple’s XRP (-7.60%) saw red to buck the trend on the day once more. It was a bullish day for the rest of the majors, however. Crypto.com Coin rose by 2.94% to lead the way. Binance Coin (+1.28%), Ethereum (+1.56%), and Litecoin (+1.48%) also found relatively strong support. Bitcoin Cash SV (+0.02%) and Cardano’s ADA (+0.57%) trailed the front runners, however. In the current week, the crypto total market cap slid to a Wednesday low $590.85bn before surging to a Saturday high $715.51bn. At the time of writing, the total market cap stood at $699.49bn. Bitcoin’s dominance rose from a Monday low 66.74% to a Wednesday high of 71.14%. At the time of writing, Bitcoin’s dominance stood at 71.03%. This Morning At the time of writing, Bitcoin was up by 1.07% to $26,696.0. A bullish start to the day saw Bitcoin rise from an early morning low $26,422.0 to a high $26,710.0. Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was a mixed start to the day. Story continues Binance Coin (-0.48%), Chainlink (-0.85%), Polkadot (-0.43%), and Ripple’s XRP (-0.76%) saw red early on. It was a bullish start for the rest of the majors. At the time of writing, Litecoin was up by 2.38% to lead the way. For the Bitcoin Day Ahead Bitcoin would need to avoid a fall through the pivot level at $25,875 to bring the first major resistance level at $27,261 into play. Support from the broader market would be needed for Bitcoin to break out from Saturday’s high $26,723.0. Barring an extended crypto rally, the first major re
**Last 60 Days of Bitcoin's Closing Prices:**
[13271.29, 13437.88, 13546.52, 13781.00, 13737.11, 13550.49, 13950.30, 14133.71, 15579.85, 15565.88, 14833.75, 15479.57, 15332.32, 15290.90, 15701.34, 16276.34, 16317.81, 16068.14, 15955.59, 16716.11, 17645.41, 17804.01, 17817.09, 18621.31, 18642.23, 18370.00, 18364.12, 19107.46, 18732.12, 17150.62, 17108.40, 17717.41, 18177.48, 19625.84, 18803.00, 19201.09, 19445.40, 18699.77, 19154.23, 19345.12, 19191.63, 18321.14, 18553.92, 18264.99, 18058.90, 18803.66, 19142.38, 19246.64, 19417.08, 21310.60, 22805.16, 23137.96, 23869.83, 23477.29, 22803.08, 23783.03, 23241.35, 23735.95, 24664.79, 26437.04]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2020-12-27
**Financial & Commodity Data:**
- Gold Closing Price: $1879.90
- Crude Oil Closing Price: $48.23
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $494,884,782,094
- Hash Rate: 137358668.73416725
- Transaction Count: 309005.0
- Unique Addresses: 696527.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.91
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: * Dollar posts largest monthly fall since July * Euro hits 3-month high vs dollar, trades lower on day * Bitcoin jumps to record high versus dollar * U.S. economic data weakens as pandemic bites further * Graphic: World FX rates in 2020 https://tmsnrt.rs/2RBWI5E (Adds comment, updates prices) By Gertrude Chavez-Dreyfuss NEW YORK, Nov 30 (Reuters) - The dollar on Monday rebounded from its lowest level in 2-1/2 years, as broad risk sentiment soured again and shares on Wall Street fell, with investors disheartened by weakening U.S. economic data and the absence of any traction on another stimulus package. Still, the greenback fell 2.3% in November, its largest monthly percentage loss since July. In contrast, bitcoin on Monday hit an all-time high of $19,864.15 and was last up 5.7% at $19,235.96 . "We're seeing further softening of U.S. economic data," said Edward Moya, senior market analyst at OANDA in New York. "And there hasn't been any sign that we're going to see Congress deliver a stimulus package any time soon." Data on Monday showed contracts to buy U.S. previously-owned homes fell for a second straight month in October, with the Pending Home Sales Index, based on contracts signed last month, falling 1.1% to 128.9. Other data showed activity at factories in the Midwest and Texas slowing this month, with the Chicago PMI falling to 58.2 in November from 61.1 in October, as a nationwide resurgence in new COVID-19 infections curbed new orders and disrupted production. On the last day of the month, the dollar index rose 0.2% to 91.89. It fell in five of the last seven months. "This is just a temporary boost for the dollar," said OANDA's Moya. "The longer-term trend is clearly going to be dollar weakness." Market participants remained optimistic that U.S. President-elect Joe Biden's administration would pose few impediments to global growth, including possibly additional monetary policy support from the Federal Reserve. Both should reduce the dollar's safe-haven allure. Biden on Monday unveiled his picks for several top economic positions, including former Fed Chair Janet Yellen as his nominee for Treasury secretary. "The world is on the cusp of a major inflection point - a vaccine rollout and subsequent economic normalization - that we expect to prove positive for the currencies of exporters, select emerging markets, and producers of cyclical commodities, such as oil and base metals," UBS Global Wealth Management wrote in a research note on Monday. The euro slipped 0.2% against the dollar to $1.1942, after earlier hitting a three-month high of $1.20 . The European Central Bank signalled earlier this year it was carefully monitoring the euro-dollar exchange rate. The single European currency posted its best monthly performance since July, gaining 2.6% in November. The dollar rose 0.2% against the yen to 104.33 yen. The dollar was flat to slightly higher against the Chinese yuan in the offshore market, at 6.579 . Monday's data showed China's manufacturing grew at its fastest pace in more than three years in November, while services sector growth hit a three-year high. The offshore yuan had its longest streak of monthly gains in six years, boosted by China's economic recovery from the coronavirus and steady capital inflows. ======================================================== Currency bid prices at 3:08PM (2008 GMT) Description RIC Last U.S. Close Pct Change YTD Pct High Bid Low Bid Previous Change Session Dollar index $91.8780 91.7240 +0.18% +0.00% +91.9150 +91.5040 Euro/Dollar $1.1943 $1.1965 -0.17% +6.54% +1.2004 +1.1942 Dollar/Yen 104.3300 104.0500 +0.20% -4.01% +104.3850 +103.8500 Euro/Yen 124.59 124.50 +0.07% +2.16% +125.1100 +124.3100 Dollar/Swiss 0.9068 0.9045 +0.27% -6.28% +0.9068 +0.9020 Sterling/Dollar 1.3343 1.3318 +0.20% +0.61% +1.3383 +1.3305 Dollar/Canadian 1.2968 1.2985 -0.12% -0.17% +1.2995 +1.2923 Aussie/Dollar 0.7350 0.7384 -0.45% +4.75% +0.7407 +0.7348 Euro/Swiss 1.0831 1.0818 +0.12% -0.19% +1.0858 +1.0804 Euro/Sterling 0.8948 0.8980 -0.36% +5.84% +0.9000 +0.8946 NZ 0.7018 0.7035 -0.21% +4.32% +0.7050 +0.7012 Dollar/Dollar Dollar/Norway 8.8705 8.8300 +0.55% +1.22% +8.8875 +8.7850 Euro/Norway 10.5950 10.5560 +0.37% +7.70% +10.6255 +10.5289 Dollar/Sweden 8.5555 8.4795 +0.70% -8.47% +8.5668 +8.4447 Euro/Sweden 10.2185 10.1473 +0.70% -2.39% +10.2442 +10.1248 (Reporting by Gertrude Chavez-Dreyfuss; Editing by Nick Zieminski and Paul Simao)...
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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27084.81, 27362.44, 28840.95, 29001.72, 29374.15, 32127.27, 32782.02, 31971.91, 33992.43, 36824.36
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Bitcoin , BTC to USD, fell by 0.69% on Sunday. Following a 6.85% rally on Saturday, Bitcoin ended the week up by 12.01% to $26,241.0. It was another mixed start to the day. Bitcoin fell to an early morning low $26,393.0 before making a move. Steering clear of the first major support level at $25,027, Bitcoin rallied to a late morning intraday high and a new swing hi $28,244.0. Bitcoin broke through the first major resistance level at $27,261 and the second major resistance level at $28,109. An afternoon pullback, however, saw Bitcoin slide to a late intraday low $25,813.0 before a partial recovery to $26,200 levels. In spite of the late pullback, Bitcoin steered clear of the first major support level at $25,027. The near-term bullish trend remained intact, supported by the latest breakthrough to $28,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $13,261 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was a mixed day on Sunday. Chainlink rallied by 10.52% to lead the way, with Ethereum rising by 7.42%. Bitcoin Cash SV also bucked the trend, with a 0.58% gain, while Binance Coin ended the day flat. It was a bearish day for the rest of the majors, however. Ripple’s XRP fell by 3.76% to lead the way down. Cardano’s ADA (-2.27%), Crypto.com Coin (-3.53%), Litecoin (-1.51%), and Polkadot (-0.17%) also saw joined Bitcoin in the red. It was also a mixed week for the majors. Ripple’s XRP slid by 49% to lead the way down. Binance Coin (-2.01%), Bitcoin Cash SV (-9.80%), Cardano’s ADA (-4.50%), Chainlink (-7.13%), Crypto.com Coin (-14.58%), and Polkadot (-11.39%) also saw red. It was a bullish week for the rest of the majors, however. Litecoin rallied by 11.30% to lead the pack, with Ethereum (+7.20%) also joining Bitcoin in the green. In the week, the crypto total market cap slid to a Wednesday low $590.85bn before surging to a Sunday high $754.26bn. At the time of writing, the total market cap stood at $711.83bn. Story continues Bitcoin’s dominance rose from a Monday low 66.74% to a Sunday high of 72.06%. At the time of writing, Bitcoin’s dominance stood at 70.23%. This Morning At the time of writing, Bitcoin was up by 2.33% to $26,852.0. A mixed start to the day saw Bitcoin fall to an early morning low $26,068.1 before rising to a high $26,948.0. Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was also a bullish start to the day. At the time of writing, Ethereum was up by 3.36% to lead the way. For the Bitcoin Day Ahead Bitcoin would need to avoid a fall back through the pivot level at $26,766 to bring the first major resistance level at $27,719 into play. Support from the broader market would be needed for Bitcoin to break out from $27,500 levels. Barring an extended crypto rally, the first major resistance level and resistance at $28,000 would likely cap any upside. In the event of another extended crypto rally, Bitcoin could test resistance at $29,000 before any pullback. The second major resistance level sits at $29,197. Failure to avoid a fall back through the $26,766 pivot would bring the first major support level at $25,288 into play. Barring an extended crypto sell-off, Bitcoin should steer clear of sub-$25,000 levels. The second major support level sits at $24,335. This article was originally posted on FX Empire More From FXEMPIRE: A Light Economic Calendar Leaves COVID-19 and Capitol Hill in Focus Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – December 28th, 2020 Gold Price Futures (GC) Technical Analysis – Needs Strong Volume to Overtake $1894.60 Fibonacci Level USD/JPY Fundamental Weekly Forecast – Risk-On Scenario Favors Japanese Yen EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – December 28th, 2020 Our Hope from Santa was in Vain – Gold 1,900 Still to Gain', 'Bitcoin , BTC to USD, fell by 0.69% on Sunday. Following a 6.85% rally on Saturday, Bitcoin ended the week up by 12.01% to $26,241.0. It was another mixed start to the day. Bitcoin fell to an early morning low $26,393.0 before making a move. Steering clear of the first major support level at $25,027, Bitcoin rallied to a late morning intraday high and a new swing hi $28,244.0. Bitcoin broke through the first major resistance level at $27,261 and the second major resistance level at $28,109. An afternoon pullback, however, saw Bitcoin slide to a late intraday low $25,813.0 before a partial recovery to $26,200 levels. In spite of the late pullback, Bitcoin steered clear of the first major support level at $25,027. The near-term bullish trend remained intact, supported by the latest breakthrough to $28,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $13,261 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was a mixed day on Sunday. Chainlink rallied by 10.52% to lead the way, with Ethereum rising by 7.42%. Bitcoin Cash SV also bucked the trend, with a 0.58% gain, while Binance Coin ended the day flat. It was a bearish day for the rest of the majors, however. Ripple’s XRP fell by 3.76% to lead the way down. Cardano’s ADA (-2.27%), Crypto.com Coin (-3.53%), Litecoin (-1.51%), and Polkadot (-0.17%) also saw joined Bitcoin in the red. It was also a mixed week for the majors. Ripple’s XRP slid by 49% to lead the way down. Binance Coin (-2.01%), Bitcoin Cash SV (-9.80%), Cardano’s ADA (-4.50%), Chainlink (-7.13%), Crypto.com Coin (-14.58%), and Polkadot (-11.39%) also saw red. It was a bullish week for the rest of the majors, however. Litecoin rallied by 11.30% to lead the pack, with Ethereum (+7.20%) also joining Bitcoin in the green. In the week, the crypto total market cap slid to a Wednesday low $590.85bn before surging to a Sunday high $754.26bn. At the time of writing, the total market cap stood at $711.83bn. Story continues Bitcoin’s dominance rose from a Monday low 66.74% to a Sunday high of 72.06%. At the time of writing, Bitcoin’s dominance stood at 70.23%. This Morning At the time of writing, Bitcoin was up by 2.33% to $26,852.0. A mixed start to the day saw Bitcoin fall to an early morning low $26,068.1 before rising to a high $26,948.0. Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was also a bullish start to the day. At the time of writing, Ethereum was up by 3.36% to lead the way. For the Bitcoin Day Ahead Bitcoin would need to avoid a fall back through the pivot level at $26,766 to bring the first major resistance level at $27,719 into play. Support from the broader market would be needed for Bitcoin to break out from $27,500 levels. Barring an extended crypto rally, the first major resistance level and resistance at $28,000 would likely cap any upside. In the event of another extended crypto rally, Bitcoin could test resistance at $29,000 before any pullback. The second major resistance level sits at $29,197. Failure to avoid a fall back through the $26,766 pivot would bring the first major support level at $25,288 into play. Barring an extended crypto sell-off, Bitcoin should steer clear of sub-$25,000 levels. The second major support level sits at $24,335. This article was originally posted on FX Empire More From FXEMPIRE: A Light Economic Calendar Leaves COVID-19 and Capitol Hill in Focus Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – December 28th, 2020 Gold Price Futures (GC) Technical Analysis – Needs Strong Volume to Overtake $1894.60 Fibonacci Level USD/JPY Fundamental Weekly Forecast – Risk-On Scenario Favors Japanese Yen EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – December 28th, 2020 Our Hope from Santa was in Vain – Gold 1,900 Still to Gain', 'By Danilo Masoni and Hideyuki Sano\nMILAN/TOKYO (Reuters) - Global shares rose and the dollar softened on Monday after U.S. President Donald Trump signed a $2.3 trillion spending package and as investors continued to celebrate a last-minute trade deal clinched between Britain and the European Union.\nBy backing down from his earlier threat to block the bipartisan bill, Trump allowed millions of Americans to continue receiving unemployment benefits and averted a federal government shutdown.\n"As the coronavirus pandemic has shown little sign of abating, the emergency aid was needed to avoid a sharp slowdown in the economy during the first quarter," said Nobuhiko Kuramochi, market strategist at Mizuho Securities.\n"It would have been unsettling if we hadn\'t had it by the end of year," he added.\nThe MSCI world index, which tracks shares in 49 nations, rose 0.3% by 0907 GMT, boosted by strong opening gains in Europe and a positive session in Asia overnight, although trading was thinner due to the festive period.\nThe euro STOXX index rose 0.9% in the first trading session after London and Brussels signed an eleventh hour deal on Thursday evening that preserves zero tariff access to each other\'s markets.\nThe British market was closed for the Boxing Day holiday.\n"We can finally move on from the Brexit drama," said Win Thin, global head of currency strategy at Brown Brothers Harriman.\n"After the last-minute deal was struck last week, the UK parliament will vote on the deal Wednesday. With (opposition party) Labour promising its support, it should pass handily," he added.\nU.S. S&P futures rose 0.6% in their first trade after the Christmas holiday, edging near a record touched last week.\nEarlier Japan\'s Nikkei advanced 0.7% and China stocks also rose, helped by strong industrial profit data. MSCI\'s broadest index of Asia-Pacific shares outside Japan rose 0.1%.\nThe rollouts of COVID-19 vaccines were also bolstering hopes of more economic normalisation next year, with Europe launching a mass vaccination drive on Sunday.\nThat for now has offset alarm over a new, highly infectious variant of the virus that has been raging in England and was confirmed in many other countries, including Japan, France and Canada, over the week
**Last 60 Days of Bitcoin's Closing Prices:**
[13437.88, 13546.52, 13781.00, 13737.11, 13550.49, 13950.30, 14133.71, 15579.85, 15565.88, 14833.75, 15479.57, 15332.32, 15290.90, 15701.34, 16276.34, 16317.81, 16068.14, 15955.59, 16716.11, 17645.41, 17804.01, 17817.09, 18621.31, 18642.23, 18370.00, 18364.12, 19107.46, 18732.12, 17150.62, 17108.40, 17717.41, 18177.48, 19625.84, 18803.00, 19201.09, 19445.40, 18699.77, 19154.23, 19345.12, 19191.63, 18321.14, 18553.92, 18264.99, 18058.90, 18803.66, 19142.38, 19246.64, 19417.08, 21310.60, 22805.16, 23137.96, 23869.83, 23477.29, 22803.08, 23783.03, 23241.35, 23735.95, 24664.79, 26437.04, 26272.29]
Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2020-12-28
**Financial & Commodity Data:**
- Gold Closing Price: $1877.20
- Crude Oil Closing Price: $47.62
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $494,884,782,094
- Hash Rate: 147938033.9968089
- Transaction Count: 308983.0
- Unique Addresses: 717073.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.92
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: By Tom Wilson and Anna Irrera
LONDON (Reuters) - With bitcoin surging to the cusp of its 2017 all-time high, backers are hoping fewer frenzied retail investors means less chance of a crash this time around.
But with little mainstream usage as a form of payment and global uncertainty clouding financial markets, bitcoin is still far from a safe bet, analysts said.
"There are a lot of differences to what was happening before," said Larry Cermak, director of research at cryptocurrency media firm The Block.
"The price has steadily increased, we are seeing very little retail participation and markets are much more liquid and much more accessible to institutional participants. For now, though, it's definitely not a safe investment, it's still very risky."
Bitcoin broke $18,000 (£13,549) on Wednesday to hit its highest since Dec. 2017, having soared about 160% this year.
The steep trajectory of its 2020 rally echoes that of 2017, when a retail-led buying spree pushed it to nearly $20,000, only to crash more than 50% a month later.
Unlike 2017, however, the asset now boasts a functioning derivatives market and custody services by established financial institutions.
The value of open interest bitcoin futures at CME Group Inc crossed $1 billion this week for the first time since their launch in Dec. 2017, while positions across major options markets have grown to over $4 billion from virtually nothing in early 2019, according to crypto data provider Skew.
Meanwhile large firms including Fidelity Investments and Japan's Nomura Holdings Inc have starting safeguarding bitcoins and other cryptocurrencies for institutional investors.
"There's absolutely no comparison in terms of market maturity between this year and 2017," said Ryan Selkis, CEO of crypto data firm Messari. "Back then derivatives and credit markets barely existed (and) institutional custody didn't exist."
The emergence of this kind of infrastructure has made it easier for professional investors from hedge funds to family offices to seek exposure to crypto.
"The accessibility has changed from three years ago so the types of players that are willing to go in has broadened," said Tim Swanson, head of market intelligence at blockchain software firm Clearmatics.
Their involvement, the argument goes, may lead to more liquidity and less volatility in prices.
Regulation has also developed. While the cryptocurrency sector is still mostly lightly overseen or unregulated, global standards on areas such as anti-money laundering (AML) have emerged, opening the way for bigger investors.
Mainstream companies and governments are among those embracing digital coin technology.
Last month, PayPal Holdings Inc said it would open up its platform to cryptocurrencies while rival Square Inc said it had invested 1% of its total assets in bitcoin.
Unlike 2017, bitcoin's price has been supported by an appetite for riskier assets following government and central bank stimulus measures to combat the impact of COVID-19.
Bitcoin's supply is capped at 21 million, shielding it from policies that stoke inflation, proponents say.
The narrative has allowed "a wider group of investors, including those with a more fundamental mindset, to participate in price setting," said Richard Galvin of crypto fund Digital Asset Capital Management.
Yet for all the improvements in market structure and mainstream recognition, bitcoin remains highly volatile. The cryptocurrency sector is still more opaque and less regulated than mainstream financial markets. Trading data remains patchy and concerns over market manipulation are rife.
"Long story short, it's still a risky market and a risky asset," said Colin Platt, a cryptocurrency consultant.
And for all the hype, bitcoin remains seldom used for its intended purpose.
"There is no guarantee that it will be used widely as 'money' given the cost of mining and using bitcoins and the ease of using contactless payment cards or smartphones to facilitate electronic payment," said Russ Mould, investment director at AJ Bell.
(Reporting by Tom Wilson and Anna Irrera;Editing by Elaine Hardcastle)...
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
27362.44, 28840.95, 29001.72, 29374.15, 32127.27, 32782.02, 31971.91, 33992.43, 36824.36, 39371.04
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['* Graphic: World FX rates in 2020 https://tmsnrt.rs/2RBWI5E By Kevin Buckland TOKYO, Dec 29 (Reuters) - The dollar languished near a 2-1/2-year low on Tuesday with demand for safe-havens flagging as U.S. lawmakers pushed forward with a COVID-19 relief package. The House of Representatives voted on Monday to increase stimulus payments to qualified Americans to $2,000 from $600, sending the measure on to the Senate for a vote. Last week\'s Brexit agreement, while bare bones, also supported the outlook for global growth, lifting Asian stocks on Tuesday following Wall Street gains. "Optimism abounds, and it’s generally coming from equity markets," said Bart Wakabayashi, Tokyo Branch manager of State Street Bank and Trust. "The dollar is very heavy, and that will continue into next year." The dollar index was little changed at 90.194 in holiday-thinned trading, hovering near the 89.723 level reached on Dec. 17 for the first time since April 2018. Short positions on the dollar swelled in the week ended Dec. 21 to $26.6 billion, the highest in three months, according to Reuters\' calculations based on data released by the Commodity Futures Trading Commission on Monday. The euro rose 0.1% to $1.22260 early in the Asian session, hovering near the 2-1/2-year high of 1.22735 touched earlier this month. The dollar bought 103.740 yen, another haven asset. Sterling rose 0.1% to $1.3477 following a two-day decline. It was as high as $1.3625 this month, a level not seen since May 2018. Investors have taken profits in the UK currency following the confirmation last week of a Brexit trade deal that was widely expected. While the agreement came as a relief to investors, the pact leaves Britain far more detached from the EU, analysts say. "People are still trying to figure out what this Brexit agreement means," weighing on the pound, said State Street\'s Wakabayashi. "Nothing has really been agreed on financial markets, and that’s a big negative for the UK." Bitcoin slipped 0.8% to $26,841, continuing its retreat from the all-time high of $28,377.94 set Sunday. ======================================================== Currency bid prices at 11:24AM (224 GMT) Description RIC Last U.S. Close Pct Change YTD Pct High Bid Low Bid Previous Change Session Euro/Dollar $1.2234 $1.2216 +0.15% +9.13% +1.2237 +1.2207 Dollar/Yen 103.7520 103.8250 -0.07% -4.48% +103.7920 +103.7300 Euro/Yen 126.98 126.77 +0.17% +4.12% +126.9800 +126.7100 Dollar/Swiss 0.8876 0.8886 -0.06% -8.22% +0.8887 +0.8876 Sterling/Dollar 1.3469 1.3460 +0.09% +1.58% +1.3482 +1.3443 Dollar/Canadian 1.2832 1.2849 -0.08% -1.17% +1.2848 +1.2835 Aussie/Dollar 0.7590 0.7583 +0.15% +8.22% +0.7595 +0.7577 NZ 0.7117 0.7103 +0.21% +5.78% +0.7118 +0.7099 Dollar/Dollar All spots Tokyo spots Europe spots Volatilities Tokyo Forex market info from BOJ (Reporting by Kevin Buckland; Editing by Sam Holmes)', '* Graphic: World FX rates in 2020 https://tmsnrt.rs/2RBWI5E By Kevin Buckland TOKYO, Dec 29 (Reuters) - The dollar languished near a 2-1/2-year low on Tuesday with demand for safe-havens flagging as U.S. lawmakers pushed forward with a COVID-19 relief package. The House of Representatives voted on Monday to increase stimulus payments to qualified Americans to $2,000 from $600, sending the measure on to the Senate for a vote. Last week\'s Brexit agreement, while bare bones, also supported the outlook for global growth, lifting Asian stocks on Tuesday following Wall Street gains. "Optimism abounds, and it’s generally coming from equity markets," said Bart Wakabayashi, Tokyo Branch manager of State Street Bank and Trust. "The dollar is very heavy, and that will continue into next year." The dollar index was little changed at 90.194 in holiday-thinned trading, hovering near the 89.723 level reached on Dec. 17 for the first time since April 2018. Short positions on the dollar swelled in the week ended Dec. 21 to $26.6 billion, the highest in three months, according to Reuters\' calculations based on data released by the Commodity Futures Trading Commission on Monday. The euro rose 0.1% to $1.22260 early in the Asian session, hovering near the 2-1/2-year high of 1.22735 touched earlier this month. The dollar bought 103.740 yen, another haven asset. Sterling rose 0.1% to $1.3477 following a two-day decline. It was as high as $1.3625 this month, a level not seen since May 2018. Investors have taken profits in the UK currency following the confirmation last week of a Brexit trade deal that was widely expected. While the agreement came as a relief to investors, the pact leaves Britain far more detached from the EU, analysts say. "People are still trying to figure out what this Brexit agreement means," weighing on the pound, said State Street\'s Wakabayashi. "Nothing has really been agreed on financial markets, and that’s a big negative for the UK." Bitcoin slipped 0.8% to $26,841, continuing its retreat from the all-time high of $28,377.94 set Sunday. ======================================================== Currency bid prices at 11:24AM (224 GMT) Description RIC Last U.S. Close Pct Change YTD Pct High Bid Low Bid Previous Change Session Euro/Dollar $1.2234 $1.2216 +0.15% +9.13% +1.2237 +1.2207 Dollar/Yen 103.7520 103.8250 -0.07% -4.48% +103.7920 +103.7300 Euro/Yen 126.98 126.77 +0.17% +4.12% +126.9800 +126.7100 Dollar/Swiss 0.8876 0.8886 -0.06% -8.22% +0.8887 +0.8876 Sterling/Dollar 1.3469 1.3460 +0.09% +1.58% +1.3482 +1.3443 Dollar/Canadian 1.2832 1.2849 -0.08% -1.17% +1.2848 +1.2835 Aussie/Dollar 0.7590 0.7583 +0.15% +8.22% +0.7595 +0.7577 NZ 0.7117 0.7103 +0.21% +5.78% +0.7118 +0.7099 Dollar/Dollar All spots Tokyo spots Europe spots Volatilities Tokyo Forex market info from BOJ (Reporting by Kevin Buckland; Editing by Sam Holmes)', 'Bitcoin (BTC) rally seems headed for a\xa0breather in early January, as per Newton Advisors President Mark Newton. What Happened: The apex cryptocurrency still looks \x93bullish on an intermediate-term basis,\x94 given it just broke out to all-time new highs, Newton told CNBC on the basis of chart analysis. "Near term, my cycle composite shows us peaking out in early January,\x94 the analyst said. Basing his analysis on another chart, which uses three disparate Bitcoin cycles, Newton said, \x93All those years where we had a stellar Q4 we reversed course in trend back in late December, early January, and actually went lower.\x94 \x93I think there will be some opportunity to buy dips into Q1 of next year,\x94 Newton said. Why It Matters: Newton is long on various cryptocurrencies and revealed that he was looking to sell out of his positions in the next \x93one or two weeks.\x94 Comparing investors with institutions, Newton observed that with \x93SPACs right now, you can make money at 10, 15, 20% a day.\x94 \x93I just don\x92t think that investors have quite the appetite for crypto while the institutions are certainly very much heading in that direction.\x94 See Also: MicroStrategy Now Holds 70,470 Bitcoin After Spending .1B in 2020 Cryptocurrency markets are on fire with BTC soaring nearly 36.7% since the beginning of the month and 273.22% on a year-to-date basis. The cryptocurrency reached its all-time high of $28,288.84 on Dec. 27. Ethereum (ETH) has risen 16.78% since the beginning of December and 451.79% on a YTD basis. Grayscale Bitcoin Trust (OTC: GBTC ) and Grayscale Ethereum Trust (OTC: ETHE ) closed 11.33% and 4.32% higher at $30.45 and $16.90 on Monday, respectively. At press-time Bitcoin traded 1.26% lower at $26,845.73 and Ethereum traded 1.06% higher at $715.97. Latest Ratings for GBTC Feb 2018 Buckingham Initiates Coverage On Sell Jul 2015 Wedbush Initiates Coverage on Outperform View More Analyst Ratings for GBTC View the Latest Analyst Ratings Story continues See more from Benzinga Click here for options trades from Benzinga Here\'s How Much Investing ,000 In Ethereum 5 Years Ago Would Be Worth Today Bitcoin Controlled By China, Ripple Tells SEC In Face Of Imminent Lawsuit © 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.', 'Bitcoin(BTC) rally seems headed for a\xa0breather in early January, as per Newton Advisors President Mark Newton.\nWhat Happened:The apex cryptocurrency still looks “bullish on an intermediate-term basis,” given it just broke out to all-time new highs, Newtontold CNBCon the basis of chart analysis.\n"Near term, my cycle composite shows us peaking out in early January,” the analyst said.\nBasing his analysis on another chart, which uses three disparate Bitcoin cycles, Newton said, “All those years where we had a stellar Q4 we reversed course in trend back in late December, early January, and actually went lower.”\n“I think there will be some opportunity to buy dips into Q1 of next year,” Newton said.\nWhy It Matters:Newton is long on various cryptocurrencies and revealed that he was looking to sell out of his positions in the next “one or two weeks.”\nComparing investors with institutions, Newton observed that with “SPACs right now, you can make money at 10, 15, 20% a day.”\n“I just don’t think that investors have quite the appetite for crypto while the institutions are certainly very much heading in that direction.”\nSee Also:MicroStrategy Now Holds 70,470 Bitcoin After Spending .1B in 2020\nCryptocurrency markets are on fire with BTC soaring nearly 36.7% since the beginning of the month and 273.22% on a year-to-date basis. The cryptocurrency reached its all-time high of $28,288.84 on Dec. 27.\nEthereum (ETH) has risen 16.78% since the beginning of December and 451.79% on a YTD basis.\nGrayscale Bitcoin Trust(OTC:GBTC) andGrayscale Ethereum Trust(OTC:ETHE) closed 11.33% and 4.32% higher at $30.45 and $16.90 on Monday, respectively.\nAt press-time Bitcoin traded 1.26% lower at $26,845.73 and Ethereum traded 1.06% higher at $715.97.\nLatest Ratings for GBTC\n[{"Feb 2018": "Jul 2015", "Buckingham": "Wedbush", "Initiates Coverage On": "Initiates Coverage on", "": "", "Sell": "Outperform"}]\nView
**Last 60 Days of Bitcoin's Closing Prices:**
[13546.52, 13781.00, 13737.11, 13550.49, 13950.30, 14133.71, 15579.85, 15565.88, 14833.75, 15479.57, 15332.32, 15290.90, 15701.34, 16276.34, 16317.81, 16068.14, 15955.59, 16716.11, 17645.41, 17804.01, 17817.09, 18621.31, 18642.23, 18370.00, 18364.12, 19107.46, 18732.12, 17150.62, 17108.40, 17717.41, 18177.48, 19625.84, 18803.00, 19201.09, 19445.40, 18699.77, 19154.23, 19345.12, 19191.63, 18321.14, 18553.92, 18264.99, 18058.90, 18803.66, 19142.38, 19246.64, 19417.08, 21310.60, 22805.16, 23137.96, 23869.83, 23477.29, 22803.08, 23783.03, 23241.35, 23735.95, 24664.79, 26437.04, 26272.29, 27084.81]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2020-12-29
**Financial & Commodity Data:**
- Gold Closing Price: $1879.70
- Crude Oil Closing Price: $48.00
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $497,584,336,306
- Hash Rate: 140537799.38571388
- Transaction Count: 336311.0
- Unique Addresses: 775919.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.91
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Bitcoin , BTC to USD, rose by 0.92% on Tuesday. Following on from a 0.53% gain on Monday, Bitcoin ended the day at $19,459.0. It was a mixed start to the day. Bitcoin rose to an early morning high $19,570.0 before hitting reverse. Bitcoin broke through the first major resistance level at $19,418 and the second major resistance level at $19,555. The reversal saw Bitcoin slide to a mid-morning intraday low $19,070.0 before making a move. Finding support at the first major support level at $19,077, Bitcoin rallied to a late afternoon intraday high $19,607.0. Bitcoin broke back through the first major resistance level at $19,418 and the second major resistance level at $19,555. A choppy end to the day, however, saw Bitcoin fall back through the major resistance levels to sub-$19,400 before ending the day at $19,450 levels. The near-term bullish trend remained intact, supported by the recovery to $19,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $10,095 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was a mixed day on Tuesday. Ripple’s XRP slid by 5.85% to lead the way down once more. Cardano’s ADA (-3.08%), Binance Coin (-1.70%), Chainlink (-1.17%), and Litecoin (-1.24%) also struggled. It was a bullish day for the rest of the majors, however Bitcoin Cash SV (+0.95%), Crypto.com Coin (+2.14%), Ethereum (+0.46%), and Polkadot (+6.00%) bucked the trend on the day. For the current week, the crypto total market cap fell to a Monday low $545.05bn before rising to a Tuesday high $566.22bn. At the time of writing, the total market cap stood at $554.81bn. Bitcoin’s dominance fell to a Monday low 64.21% before rising to a Tuesday high 64.85%. At the time of writing, Bitcoin’s dominance stood at 64.80%. This Morning At the time of writing, Bitcoin was down by 0.50% to $19,361.0. A mixed start to the day saw Bitcoin rise to an early morning high $19,481.0 before falling to a low $19,317.8. Story continues Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was a mixed start to the day. Bitcoin Cash SV was up by 0.97% to buck the trend early on. It was a bearish start for the rest of the majors, however. At the time of writing, Chainlink and Ripple’s XRP were down by 2.19% and by 2.16% to lead the way down. For the Bitcoin Day Ahead Bitcoin would need to move back through the pivot level at $19,379 to bring the first major resistance level at $19,687 into play. Support from the broader market would be needed for Bitcoin to break out from Tuesday’s high $19,607.0. Barring an extended crypto rally, the first major resistance level and resistance at $19,700 would likely cap any upside. In the event of an extended crypto rally, the second major resistance level at $19,916 and resistance at $20,000 could come into play. Failure to move back through the $19,379 pivot would bring the first major support level at $19,150 into play. Barring an extended crypto sell-off, Bitcoin should steer clear of the second major support level at $18,842. This article was originally posted on FX Empire More From FXEMPIRE: EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – December 16th, 2020 Crude Oil Price Update – Could Retest $46.04 After API Reports Unexpected 1.973 Million Barrel Build The Crypto Daily – Movers and Shakers – December 16th, 2020 USD/JPY Forex Technical Analysis – Downside Momentum Points Toward 103.177 Main Bottom Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – December 16th, 2020 Economic Data, Brexit, Stimulus Talks, and the FED in Focus...
- Reddit Posts (Sample): []...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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28840.95, 29001.72, 29374.15, 32127.27, 32782.02, 31971.91, 33992.43, 36824.36, 39371.04, 40797.61
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Bitcoin, BTC to USD, rose by 1.01% on Tuesday. Following on from a 3.09% rally on Monday, Bitcoin ended the day at $27,316.0.\nIt was a relatively choppy day. Bitcoin fell to an early morning low $25,859.0 before making a move.\nThe sell-off saw Bitcoin fall through the first major support level at $26,267.\nSteering clear of sub-$25,500 support levels, Bitcoin revisited $27,000 levels before a 2ndpullback.\nBitcoin fell back to an afternoon low $26,205.0 before bouncing back to a late intraday high $27,329.0.\nIn spite of the late high, Bitcoin continued to fall short of the first major resistance level at $27,641.\nThe near-term bullish trend remained intact, supported by the latest breakthrough to $28,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $13,261 to form a near-term bearish trend.\nAcross the rest of the majors, it was a mixed day on Tuesday.\nRipple’s XRPslid by 10.65% to lead the way down.\nBitcoin Cash SV(-3.51%),Chainlink(-6.56%),Crypto.com Coin(-3.03%), andLitecoin(-0.76%) also saw red on the day.\nIt was a bullish day for the rest of the majors, however.\nPolkadot rallied by 13.04% to lead the pack, withBinance Coin(+8.79%) andCardano’s ADA(+8.21%) also making solid gains.\nEthereum(+0.29%) trailed the front runners, however.\nEarly in the week, the crypto total market cap rose to a Monday high $738.59bn before falling to a Tuesday low $678.76bn. At the time of writing, the total market cap stood at $732.14bn.\nBitcoin’s dominance rose to an early Monday high 70.82% before falling to a Monday low 69.13%. At the time of writing, Bitcoin’s dominance stood at 70.21%.\nAt the time of writing, Bitcoin was up by 1.09% to $27,615.0. A bullish start to the day saw Bitcoin rise from an early morning low $27,312.0 to a high $27,792.0.\nBitcoin left the major support and resistance levels untested early on.\nElsewhere, it was a mixed start to the day.\nBinance Coin (-1.70%), Cardano’s ADA (-0.40%), Polkadot (-1.22%), and Ripple’s XRP (-2.18%) were in the red early on.\nIt was a bullish start for the rest of the majors, however.\nAt the time of writing, Crypto.com Coin was up by 7.45% to lead the pack.\nBitcoin would need to avoid a fall through the pivot level at $26,835 to bring the first major resistance level at $27,810 into play.\nSupport from the broader market would be needed for Bitcoin to break back through to $27,800 levels.\nBarring an extended crypto rally, the first major resistance level and resistance at $28,000 would likely cap any upside.\nIn the event of another extended crypto rally, Bitcoin could test resistance at $28,500 before any pullback. The second major resistance level sits at $28,305.\nFailure to avoid a fall through the $26,835 pivot would bring the first major support level at $26,340 into play.\nBarring an extended crypto sell-off, Bitcoin should steer clear of sub-$25,500 levels. The second major support level sits at $25,365.\nThisarticlewas originally posted on FX Empire\n• USD/JPY Price Forecast – US Dollar Heading Towards Big Figure\n• EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – December 30th, 2020\n• USD/JPY Fundamental Daily Forecast – BOJ Policymakers Divided on Stimulus Tweaks as Deflation Fears Rise\n• Gold Analysis – Year in Review and Forecast\n• Imax Could Post Strong 2021 Returns\n• Oil Gains Ground As Stimulus Hopes Offset Virus Worries', 'Bitcoin , BTC to USD, rose by 1.01% on Tuesday. Following on from a 3.09% rally on Monday, Bitcoin ended the day at $27,316.0. It was a relatively choppy day. Bitcoin fell to an early morning low $25,859.0 before making a move. The sell-off saw Bitcoin fall through the first major support level at $26,267. Steering clear of sub-$25,500 support levels, Bitcoin revisited $27,000 levels before a 2 nd pullback. Bitcoin fell back to an afternoon low $26,205.0 before bouncing back to a late intraday high $27,329.0. In spite of the late high, Bitcoin continued to fall short of the first major resistance level at $27,641. The near-term bullish trend remained intact, supported by the latest breakthrough to $28,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $13,261 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was a mixed day on Tuesday. Ripple’s XRP slid by 10.65% to lead the way down. Bitcoin Cash SV (-3.51%), Chainlink (-6.56%), Crypto.com Coin (-3.03%), and Litecoin (-0.76%) also saw red on the day. It was a bullish day for the rest of the majors, however. Polkadot rallied by 13.04% to lead the pack, with Binance Coin (+8.79%) and Cardano’s ADA (+8.21%) also making solid gains. Ethereum (+0.29%) trailed the front runners, however. Early in the week, the crypto total market cap rose to a Monday high $738.59bn before falling to a Tuesday low $678.76bn. At the time of writing, the total market cap stood at $732.14bn. Bitcoin’s dominance rose to an early Monday high 70.82% before falling to a Monday low 69.13%. At the time of writing, Bitcoin’s dominance stood at 70.21%. This Morning At the time of writing, Bitcoin was up by 1.09% to $27,615.0. A bullish start to the day saw Bitcoin rise from an early morning low $27,312.0 to a high $27,792.0. Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was a mixed start to the day. Story continues Binance Coin (-1.70%), Cardano’s ADA (-0.40%), Polkadot (-1.22%), and Ripple’s XRP (-2.18%) were in the red early on. It was a bullish start for the rest of the majors, however. At the time of writing, Crypto.com Coin was up by 7.45% to lead the pack. For the Bitcoin Day Ahead Bitcoin would need to avoid a fall through the pivot level at $26,835 to bring the first major resistance level at $27,810 into play. Support from the broader market would be needed for Bitcoin to break back through to $27,800 levels. Barring an extended crypto rally, the first major resistance level and resistance at $28,000 would likely cap any upside. In the event of another extended crypto rally, Bitcoin could test resistance at $28,500 before any pullback. The second major resistance level sits at $28,305. Failure to avoid a fall through the $26,835 pivot would bring the first major support level at $26,340 into play. Barring an extended crypto sell-off, Bitcoin should steer clear of sub-$25,500 levels. The second major support level sits at $25,365. This article was originally posted on FX Empire More From FXEMPIRE: USD/JPY Price Forecast – US Dollar Heading Towards Big Figure EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – December 30th, 2020 USD/JPY Fundamental Daily Forecast – BOJ Policymakers Divided on Stimulus Tweaks as Deflation Fears Rise Gold Analysis – Year in Review and Forecast Imax Could Post Strong 2021 Returns Oil Gains Ground As Stimulus Hopes Offset Virus Worries', 'The New York Department of Financial Services (NYDFS) hasapproved Tokyo-based GMO Internetto launch GYEN, the first stablecoin pegged to the Japanese yen.\nGMO Internet,an internet conglomerate that offers a large array of services, including domain hosting, online advertising and what it claims is the world’s largest foreign exchange trading platform, will set up GMO-Z.com Trust Company (GMO Trust) to issue GYEN and ZUSD, a USD-pegged stablecoin. Both will start selling outside of Japan next month.\nIn a press announcement, GMO Trust said it had also made strategic partnerships with global digital asset exchanges to ensure the liquidity of the virtual currencies. Development of GYEN began in 2018.\nThe Biden administration can change the world with new crypto regulations\nGMO Trust joins abouttwo dozen other companiesthat have received virtual currency licenses, also called BitLicenses, from the NYSDFS. BitLicenses, which went into effect in June 2015, arerequired to engage in virtual currency business activitiesin New York. Other companies based in Asia that hold BitLicenses include Japan’s bitflyer, a Bitcoin exchange, and Hong Kong-based digital wallet Xapo.\nPayPal to let you buy and sell cryptocurrencies in the US', 'The New York Department of Financial Services (NYDFS) has approved Tokyo-based GMO Internet to launch GYEN, the first stablecoin pegged to the Japanese yen. GMO Internet, an internet conglomerate that offers a large array of services, including domain hosting, online advertising and what it claims is the world\x92s largest foreign exchange trading platform, will set up GMO-Z.com Trust Company (GMO Trust) to issue GYEN and ZUSD, a USD-pegged stablecoin. Both will start selling outside of Japan next month. In a press announcement, GMO Trust said it had also made strategic partnerships with global digital asset exchanges to ensure the liquidity of the virtual currencies. Development of GYEN began in 2018. The Biden administration can change the world with new crypto regulations GMO Trust joins about two dozen other companies that have received virtual currency licenses, also called BitLicenses, from the NYSDFS. BitLicenses, which went into effect in June 2015, are required to engage in virtual currency business activities in New York. Other companies based in Asia that hold BitLicenses include Japan\x92s bitflyer, a Bitcoin exchange, and Hong Kong-based digital wallet Xapo. PayPal to let you buy and sell cryptocurrencies in the US', 'GBP/USD Video 30.12.20. British Pound Moves Higher Against U.S. Dollar GBP/USD is currently trying to settle above the resistance at 1.3540 while the U.S. dollar continues to lose ground against a broad basket of currencies. The U.S. Dollar Index is testing the support at the yearly lows at 89.75. If the U.S. Dollar Index settles below this level, it will gain additional downside momentum and head towards the next support which is located near 89.40 which will be bullish for GBP/USD. At this point, it looks like the American currency will remain under pressure on the foreign exchange market in the remaining trading sessions of this yea
**Last 60 Days of Bitcoin's Closing Prices:**
[13781.00, 13737.11, 13550.49, 13950.30, 14133.71, 15579.85, 15565.88, 14833.75, 15479.57, 15332.32, 15290.90, 15701.34, 16276.34, 16317.81, 16068.14, 15955.59, 16716.11, 17645.41, 17804.01, 17817.09, 18621.31, 18642.23, 18370.00, 18364.12, 19107.46, 18732.12, 17150.62, 17108.40, 17717.41, 18177.48, 19625.84, 18803.00, 19201.09, 19445.40, 18699.77, 19154.23, 19345.12, 19191.63, 18321.14, 18553.92, 18264.99, 18058.90, 18803.66, 19142.38, 19246.64, 19417.08, 21310.60, 22805.16, 23137.96, 23869.83, 23477.29, 22803.08, 23783.03, 23241.35, 23735.95, 24664.79, 26437.04, 26272.29, 27084.81, 27362.44]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2020-12-30
**Financial & Commodity Data:**
- Gold Closing Price: $1891.00
- Crude Oil Closing Price: $48.40
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $497,584,336,306
- Hash Rate: 159029615.0943604
- Transaction Count: 338258.0
- Unique Addresses: 807268.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.91
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Last week, the SEC loosened rules around leveraged and inverse ETFs, sometimes referred to as “currency kerosene” for their reputation of making money go up in smoke quickly. Some saw this as an opportunity to rein in these controversial financial products, rather than to let them ride.
From Lara Crigger’s ETF.com report:
“… (SEC)passed a controversial new rulethat, among other things, would make it significantly easier to launchleveragedandinverseexchange-traded funds, but at smaller multipliers than previously approved. Rule 18f-4 would allow ETFs and other funds that aren't explicitly allowed by the Investment Company Act of 1940 to use derivatives, without first having to obtain exemptive relief. New ETF launches may now apply up to a 200% multiplier, either long or inverse, on their underlying indexes.”
New launches of these sorts won’t require SEC blessing on an individual basis to use derivatives for leveraged and inverse exposure, which should ease the approval process. However, the days of new 3X leveraged or inverse ETFs are over, with 2X being the cap going forward, a tip of the hat perhaps to lessening the potential losses these can create.
Despite also gutting the requirement of presale education to investors who decide to play with this type of fire, I have no problem with allowing these alternative securities to come to market. They require investor caution, but they could also deliver stellar returns in a very short period of time.
I use this as a backdrop to the ongoing bitcoin ETF saga. It’s been dragging though the seemingly lenient SEC when it comes to risky products like leveraged and inverse ETFs, but it’s been steadfastly opposed to allowing bitcoin in an ETF wrapper.
All this got me thinking, what is going on with bitcoin ETFs? Certainly no one has thrown in the towel after all this effort:
Key Bitcoin ETF Dates:
* Winklevoss:Filed July 1, 2013; Disapproved March 10, 2017* SolidX (with VanEck later):Filed July 12, 2016; Withdrawn Jan. 23, 2019* Grayscale: Filed July 11, 2017:Withdrawn Oct. 25, 2017* ProShares: Filed Sept. 27, 2017:Disapproved Aug. 22, 2018; Stayed Aug. 23, 2018* Direxion: Filed Dec. 15, 2017:Disapproved Aug. 22, 2018; Stayed Aug. 23, 2018* GraniteShares: Filed Dec. 15, 2017:Disapproved Aug. 22, 2018; Stayed Aug. 23, 2018* Wilshire Phoenix: Filed Jan. 11, 2019:Disapproved Feb. 25, 2020* Bitwise: Filed Jan. 10, 2019:Disapproved Oct. 9, 2019; Stayed Oct. 15, 2019, Withdrawn Jan. 14, 2020
More Than 7 Years Ago
The early forays into trying to launch a bitcoin ETF were certainly far ahead of the SEC’s curve of understanding—and most people’s understanding—of cryptocurrencies. But along the way, there hasn’t been any obvious progress in the SEC’s willingness to allow bitcoin ETFs.
With a market cap currently approaching $200 billion, and hundreds of millions of dollars a day in futures trading, bitcoin has come a long way since that first bitcoin filing in 2013. The SEC, however, not so much.
Some say the SEC has been growing more comfortable with the idea of a bitcoin ETF, and that one should come sooner rather than later. Matt Hougan, chief investment officer of Bitwise, a digital asset manager that just crossed $100 million in assets under management, is in that camp. He has been on the frontlines of this effort, as his firm tries to launch a bitcoin ETF. I caught up with Hougan to talk about this challenge:
ETF.com: Are there any bitcoin ETFs still alive in the SEC pipeline filing world?
Matt Hougan:There are no live filings for ETFs for crypto ETFs, and specifically for a bitcoin ETF at this time. There are a number of filings that received disapproval orders from the SEC staff, which were then appealed by commissioners and are currently sort of sitting on appeal. But there's no requirement or expectation for the commissioners to review those and move those along.
So the short answer to your question is, no, there are no live filings that I'm aware of at this time. The slightly nuanced answer is, a few filings, but disapproval orders have been sort of appealed and stayed. But they're not, that I know of, making forward progress right now.
ETF.com: Why was there this full-frontal assault on trying to get bitcoin ETFs through the SEC, but then it just completely went away. What’s going on?
Hougan:The reality is there's been sort of two waves of effort around bitcoin ETFs. There was the Winklevosses’ first shot in 2013, and then there were a number of serious follow-on efforts in the 2017/2018 era, whether that's Bitwise or VanEck or Wilshire Phoenix. And those are the ones that received the public disapproval orders.
What the industry saw in those public disapproval orders is that the SEC, rightfully so, is setting a pretty high bar that bitcoin ETFs have to clear on factors like market manipulation and custody audit. So what I’m seeing is that people realize there's a lot of work to be done.
Certainly that's happening behind the scenes at Bitwise, and I assume what's happening behind the scenes at our competitors, is that people are doing that work. But I think it was just clarity that there was significant work still to be done before you could even take a shot on goal.
ETF.com: How long does it take for the market to prove itself rather than you trying to prove that the market's safe?
Hougan:If we backpedal to like 2013 when the first ETF filings were in, we were far on one side of a wide spectrum spanning from a grassroots, anarchic, unregulated market, to its long-term future as a well-regulated piece of the global financial ecosystem. As an example, there were no regulated insured custodians in the market at that time. Full stop.
Today you have firms like Fidelity that have insurance from Lloyd's of London that are offering custody for bitcoin under New York State specialized trust charters. You have the New York Stock Exchange setting up a bitcoin custodian that, again, operates under that same regulatory structure and also has insurance in place. You have the Coinbase company which is now an $8 billion company. They also have insurance in place and they're also regulated.
In 2013, the market was not prepared to support an ETF that should be available to all investors. There were no well-established trading venues. There was no regulated market at all. There were still a lot of really bad actors. Things have vastly improved.
People like me will argue that we're well along that path, and that the Bitcoin market, as it stands today, is actually a well-functioning market supported by regulated markets like the CME when it comes to futures. But the SEC is fully within its rights to say "prove it." Because it's not like we're coming from a place that's entirely well-established and clean and a well-arbitraged market with clear regulations in place. We're evolving to that space.
ETF.com: There seems to be demand there. How do you quantify that?
Hougan:Bitwise has a full sales team that calls on thousands of advisors a month. And so we hear from them directly. They would like an ETF that allows them to buy and sell bitcoin at net asset value and that fits into their workflow. And they want to do it because there's client demand, and currently those clients are doing it themselves on Coinbase. There are more Coinbase accounts than there are Charles Schwab accounts. So it would be great to bring bitcoin inside that advised setting.
You can see there's demand. I hear from people who say, “We don't need a bitcoin ETF.” Their argument is that there are plenty of ways to buy bitcoin today. [On Oct. 21, 2020,] PayPal said it was going to make it possible for people to buy Bitcoin through the PayPal app. That's great, but it doesn't solve the problem for financial advisors who need a regulated product that fits into their workflow. And the only real, robust answer for that is an ETF. I think eventually we'll get there.
ETF.com: What's eventually? A year? Five?
Hougan:I hope it's fewer than five years. I think the best estimate is somewhere between 12 and 36 months out. I know it's a wide window, but people have been cracking on this thing since 2013, and there's still some road to go. I do think it's a matter ofwhenand notif.
PayPal's a $250 billion company. It has 350 million users, 200 million in the U.S. It's got 26 million merchants who are going to be able to accept crypto. If you have a company of that size that embraces crypto and endorses it and allows it to live in a regulated setting for a huge number of clients, it gets a step further.
The Time Has Come
It’s hard to knock the SEC for being overly cautious in allowing bitcoin to enter the capital markets as a listed and regulated security. But that many-years grace period and bitcoin’s continued success as a financial product have made the steadfast rejection by regulators seem out of step with change.
Currently, bitcoin trades around $13,500, and as the bitcoin price chart below shows, price volatility has cooled considerably. Take away March’s financial market meltdown that impacted all securities, and bitcoin pricing looks relatively rangebound.
(For a larger view, click on the image above)
One reason for that is a futures market in bitcoin that keeps price discovery honest in theory and apparently in practical terms as well.
Trading volume has also been stable, adding another positive piece to the stability puzzle.
(For a larger view, click on the image above)
A report this month by Wilshire Phoenix, a firm that’s also looking for a SEC bitcoin ETF blessing, adds credence to the idea a futures market in bitcoin is legitimizing its status as a trading vehicle every day.
“The findings of Wilshire Phoenix indicate that CME Bitcoin Futures contribute more to price discovery than its related spot markets,” said an Oct. 14reportfrom Wilshire Phoenix, adding: “A leading futures market suggests the existence of a robust base of traders who may trade on such markets for many reasons such as trust in the exchange venue and low...
- Reddit Posts (Sample): []...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
29001.72, 29374.15, 32127.27, 32782.02, 31971.91, 33992.43, 36824.36, 39371.04, 40797.61, 40254.55
|
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['The price of bitcoin (BTC) crossed $29,000 Wednesday evening for the first time ever, pushing further into record territory after hitting what had been an all-time high earlier in the day.\n• With the day’s surge, the leading cryptocurrency resumed its rapid upward pace after seeming to be catching its breath on Monday and most of Tuesday following arecord-setting run over the weekend.\n• Bitcoin prices hit a high of $29,280.05 before dropping back to $29,231.01, up 5.28% in the last 24 hours. The price ofbitcoinhas now risen more than 300% year to date and no doubt puts visions of $30,000 in the minds of holders of the cryptocurrency, colloquially known in crypto circles as “HODLers.”\n• “Should the expected wave of retail flows materialize, I would expect to see bitcoin charge past $30,000 as we enter the new year,” Denis Vinokourov, head of research at the London-based prime brokerage Bequant, told CoinDesk earlier.\n• Institutional investors are perceived to be driving this record-setting run. Among them: Anthony Scaramucci’s Skybridge Capital ($25 millionin December); MassMutual ($100 millionin December); and Guggenheim (up to 10%of its $5 billion macro fund).\n• With the end of the year looming, some fund managers may also be buying bitcoin so they canbragnext year about being smart enough to get in in 2020 while neglecting to say at which price they had done so. This is referred to as “window dressing” on Wall Street.\n• In addition, the U.S. Federal Reserve, along with other central banks, has been printing money with abandon, trying to stave off the worst economic effects of the pandemic, while U.S. President Donald Trump has been pushing Congress to allow for the issuance of larger stimulus checks. These actions are viewed by many as potential catalysts for inflation and bad for the U.S. dollar, both of which could be positive for bitcoin.\nRead more:2020 Saw the Fewest Bitcoin ‘Obituaries’ in 8 Years\n• Bitcoin Hits $29K for First Time Ever, Raising HODLer Hopes for $30K by New Year’s\n• Bitcoin Hits $29K for First Time Ever, Raising HODLer Hopes for $30K by New Year’s\n• Bitcoin Hits $29K for First Time Ever, Raising HODLer Hopes for $30K by New Year’s\n• Bitcoin Hits $29K for First Time Ever, Raising HODLer Hopes for $30K by New Year’s', 'The price of bitcoin (BTC) crossed $29,000 Wednesday evening for the first time ever, pushing further into record territory after hitting what had been an all-time high earlier in the day.\n• With the day’s surge, the leading cryptocurrency resumed its rapid upward pace after seeming to be catching its breath on Monday and most of Tuesday following arecord-setting run over the weekend.\n• Bitcoin prices hit a high of $29,280.05 before dropping back to $29,231.01, up 5.28% in the last 24 hours. The price ofbitcoinhas now risen more than 300% year to date and no doubt puts visions of $30,000 in the minds of holders of the cryptocurrency, colloquially known in crypto circles as “HODLers.”\n• “Should the expected wave of retail flows materialize, I would expect to see bitcoin charge past $30,000 as we enter the new year,” Denis Vinokourov, head of research at the London-based prime brokerage Bequant, told CoinDesk earlier.\n• Institutional investors are perceived to be driving this record-setting run. Among them: Anthony Scaramucci’s Skybridge Capital ($25 millionin December); MassMutual ($100 millionin December); and Guggenheim (up to 10%of its $5 billion macro fund).\n• With the end of the year looming, some fund managers may also be buying bitcoin so they canbragnext year about being smart enough to get in in 2020 while neglecting to say at which price they had done so. This is referred to as “window dressing” on Wall Street.\n• In addition, the U.S. Federal Reserve, along with other central banks, has been printing money with abandon, trying to stave off the worst economic effects of the pandemic, while U.S. President Donald Trump has been pushing Congress to allow for the issuance of larger stimulus checks. These actions are viewed by many as potential catalysts for inflation and bad for the U.S. dollar, both of which could be positive for bitcoin.\nRead more:2020 Saw the Fewest Bitcoin ‘Obituaries’ in 8 Years\n• Bitcoin Hits $29K for First Time Ever, Raising HODLer Hopes for $30K by New Year’s\n• Bitcoin Hits $29K for First Time Ever, Raising HODLer Hopes for $30K by New Year’s\n• Bitcoin Hits $29K for First Time Ever, Raising HODLer Hopes for $30K by New Year’s\n• Bitcoin Hits $29K for First Time Ever, Raising HODLer Hopes for $30K by New Year’s', 'The price of bitcoin (BTC) crossed $29,000 Wednesday evening for the first time ever, pushing further into record territory after hitting what had been an all-time high earlier in the day. With the day\x92s surge, the leading cryptocurrency resumed its rapid upward pace after seeming to be catching its breath on Monday and most of Tuesday following a record-setting run over the weekend . Bitcoin prices hit a high of $29,280.05 before dropping back to $29,231.01, up 5.28% in the last 24 hours. The price of bitcoin has now risen more than 300% year to date and no doubt puts visions of $30,000 in the minds of holders of the cryptocurrency, colloquially known in crypto circles as \x93 HODLers .\x94 \x93Should the expected wave of retail flows materialize, I would expect to see bitcoin charge past $30,000 as we enter the new year,\x94 Denis Vinokourov, head of research at the London-based prime brokerage Bequant, told CoinDesk earlier. Institutional investors are perceived to be driving this record-setting run. Among them: Anthony Scaramucci\x92s Skybridge Capital ( $25 million in December); MassMutual ( $100 million in December); and Guggenheim ( up to 10% of its $5 billion macro fund). With the end of the year looming, some fund managers may also be buying bitcoin so they can brag next year about being smart enough to get in in 2020 while neglecting to say at which price they had done so. This is referred to as \x93window dressing\x94 on Wall Street. In addition, the U.S. Federal Reserve, along with other central banks, has been printing money with abandon, trying to stave off the worst economic effects of the pandemic, while U.S. President Donald Trump has been pushing Congress to allow for the issuance of larger stimulus checks. These actions are viewed by many as potential catalysts for inflation and bad for the U.S. dollar, both of which could be positive for bitcoin. Read more: 2020 Saw the Fewest Bitcoin \x91Obituaries\x92 in 8 Years Related Stories Bitcoin Hits $29K for First Time Ever, Raising HODLer Hopes for $30K by New Year\x92s Bitcoin Hits $29K for First Time Ever, Raising HODLer Hopes for $30K by New Year\x92s Bitcoin Hits $29K for First Time Ever, Raising HODLer Hopes for $30K by New Year\x92s Bitcoin Hits $29K for First Time Ever, Raising HODLer Hopes for $30K by New Year\x92s', 'By Karen Brettell\nNEW YORK (Reuters) -The dollar posted its biggest yearly loss since 2017 on Thursday, capping off a manic year that saw the currency serve as a safe haven in March when panic over the spread of COVID-19 in the United States peaked, before dropping on unprecedented Federal Reserve stimulus.\nThe greenback soared to a three-year high of 102.99 against a basket of currencies in March, before ending the year at 89.96, down 6.77% on the year and 12.65% from its March high.\nAn improving global economic outlook as COVID-19 vaccines are rolled out, rock-bottom U.S. interest rates and ongoing Fed bond purchases have dented the dollar\'s appeal.\nExpectations of additional fiscal stimulus and rising fiscal and current account deficits are additional headwinds that are likely to hurt the U.S. currency over the coming year.\n"I expect the dollar to depreciate further over the next few years as the Fed keeps rates at zero whilst maintaining its bloated balance sheet," Kevin Boscher, chief investment officer at asset manager Ravenscroft, told clients.\n"The magnitude of the twin deficits dwarfs any other major economy," he said.\nThe euro ended at $1.2215, up 8.97% on the year. It reached $1.2310 on Wednesday, the highest since April 2018, but pared gains as investors squared positions for the year.\nThe Aussie and kiwi both hit their highest levels since April 2018 on Thursday with the Aussie surging as high as $0.7743 and the New Zealand dollar reaching $0.7241. They pared gains but ended up 9.76% and 6.82% this year, respectively.\nThe dollar slipped 4.90% this year against the Japanese currency to 103.25 yen. It is holding just above a nine-month low of 102.86 yen reached on Dec. 17.\nThe greenback also lost 12.09% to the Swedish crown, ending at 8.2176.\nBitcoin blasted to a record high of $29,300 on Thursday, taking the yearly gain for the world\'s most popular cryptocurrency past 300%.\nU.S. Senate leader Mitch McConnell dealt a likely death blow on Wednesday to Republican President Donald Trump\'s bid to boost coronavirus aid to Americans, declining to schedule a swift Senate vote on a bill to raise relief checks to $2,000 from $600.\nHowever, Democratic President-elect Joe Biden, who takes office next month, is expected to push for more measures to support the U.S. economy.\nData on Thursday showed that the number of Americans filing first-time claims for unemployment benefits unexpectedly fell last week but remain elevated more than nine months.\nInvestors are also watching runoff elections in Georgia for two Senate seats next Tuesday that will determine which party controls the Senate. If the Republicans win one or both of the Georgia seats, they will retain a slim majority in the chamber and can block Biden\'s legislative goals and judicial nominees.\nSterling got a boost after Britain\'s markets watchdog intervened hours before the country leaves the European Union\'s single market on Thursday with a partial climbdown on curbs that risked disrupting swaps trades worth billions of euros.\nThe pound ended up
**Last 60 Days of Bitcoin's Closing Prices:**
[13737.11, 13550.49, 13950.30, 14133.71, 15579.85, 15565.88, 14833.75, 15479.57, 15332.32, 15290.90, 15701.34, 16276.34, 16317.81, 16068.14, 15955.59, 16716.11, 17645.41, 17804.01, 17817.09, 18621.31, 18642.23, 18370.00, 18364.12, 19107.46, 18732.12, 17150.62, 17108.40, 17717.41, 18177.48, 19625.84, 18803.00, 19201.09, 19445.40, 18699.77, 19154.23, 19345.12, 19191.63, 18321.14, 18553.92, 18264.99, 18058.90, 18803.66, 19142.38, 19246.64, 19417.08, 21310.60, 22805.16, 23137.96, 23869.83, 23477.29, 22803.08, 23783.03, 23241.35, 23735.95, 24664.79, 26437.04, 26272.29, 27084.81, 27362.44, 28840.95]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2020-12-31
**Financial & Commodity Data:**
- Gold Closing Price: $1893.10
- Crude Oil Closing Price: $48.52
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $524,791,062,781
- Hash Rate: 153482070.38176647
- Transaction Count: 344918.0
- Unique Addresses: 809871.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.95
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: I often begin calls with founders by asking why theyre willing to bet their livelihoods on an idea that will most likely fail. Its a small hack that lets me see how vulnerable a founder is, and how much conviction they have behind their ideas. Sometimes, if they answer, its the lede of my story. And sometimes, if they dont answer, its the reason I dont write the story. As blunt as the question sounds, it can spark the best answers -- especially when the founder is working on an idea that is a moonshot in and of itself. Speaking of wild bets, our own Kirsten Korosec caught up with Zoox co-founder and CTO Jesse Levinson about his electric robotaxi, a six-year effort that was unveiled this week , outpacing competitors. Levinson was heads-down on an idea that wasnt just likely to fail, it almost did: Zooxs Series C fell apart in March due to the pandemic: Korosec: What was your trick or how did you remain focused for six years on something that is futuristic, expensive and possibly could fail? What did you personally do to keep that focus? Levinson: Well, doing something like this is definitely challenging and it requires patience. I think the advice I would give is first to convince yourself that what youre doing makes sense and is important and worth doing. If youre starting a company because your goal is to make as much money as possible, if it turns out to be hard its going to be really difficult to convince yourself and your team and investors to stick with the idea. One of the great things about Zoox is that the idea itself just makes a lot of sense. From first principles, theres really a compelling reason to solve the problem the way weve been solving it and the market opportunity is unquestionably enormous. So armed with those facts and a team of wonderful employees and investors who strongly believed in that, we were able to weather some of the ups and downs of the industry, even though its not always been an easy ride. Story continues It didnt hurt that Amazon saved Zoox after its failed Series C, considering deep pockets and futuristic technology go well together. Still, Zooxs ability to turn failure into focus is impressive, and part of what makes startups successful. Amazons Zoox unveils electric robotaxi that can travel up to 75 mph Before we jump into the rest of the newsletter, I want to formally introduce myself as your new Startups Weekly author. Thanks in advance for reading along and trusting me to bring you startup-relevant news each week. This should be fun, and the absolute expected dose of existential. Want it in your inbox every Saturday morning? Sign up here . And from now on, you are invited to send me tips and thoughts to [email protected] or tweet me @Nmasc_ . TechCrunch also launched a secure and anonymous way to submit tips to our staff, where you can submit information using SecureDrop. You can now securely submit tips to TechCrunch using SecureDrop The Palantir Diaspora Everyone wants to invest in the next big tech mafia. This year, given the number of successful IPOs on the market, newly minted and cash-rich thinkers are entering the startup landscape, including legendary companies Snowflake, Airbnb and Palantir. Stripe engineers, even pre-IPO, seem to be the hottest commodity out there. So, investors are hoping to bet on exiting talent -- and one has had the upper edge for a while now. Ross Fubin of XYZ Ventures introduced Palantirs first business hire to its first engineer, which he describes as the highest-value thing hes ever done. Now, after helping Palantir scale up its senior talent (and pocketing some advisor shares for himself) he invests in the Palantir diaspora out of his fund. Connie Loizos, TechCrunchs Silicon Valley editor, has the story , including where XYZ is looking for startups outside of the once-secretive public companys staff. This VC introduced Palantirs first business hire to its earliest engineer, then his business took off Loizos also profiled Lux Capitals Deena Shakir, who sees space and frontier tech going mainstream right now. Anyone else feel a moonshot theme arising in 2021? Further reading: How to pick an investor in good or bad times (EC) Image Credits: Bryce Durbin Why Singapore might become Asias Silicon Valley In this Extra Crunch story, Catherine Shu argues that Singapore might become Asias next Silicon Valley. The long-time global financial hub will expect hundreds of new jobs in the next few years as ByteDance and Alibaba reportedly plan regional offices in the city-state. The interest comes as Google, Facebook and Twilio already have operations in Singapore. The spotlight comes with pressure on companies to find the best tech talent in Singapore, which has a population of 5.6 million. Singapore is poised to become Asias Silicon Valley Kuo-Yi Lim, co-founder and managing partner at early-stage investment firm Monks Hill Ventures, detailed the talent dynamics: My view is that there will always be the need to bring in folks who are not from Singapore because were just not big enough, he said. The competition is more on a global basis, because even local startups will always be looking at global talent, from the region, Australia, India, China or beyond, he added. I think it actually cultivates the instinct for startups to really compete for talent in a thoughtful way. I think startups will have to become more creative and sharper in terms of how they position themselves as an attractive employer to spend time with, as opposed to the big companies. Singapore Skyline Business District Panorama at Night Singapore Skyline Business District Panorama at Night. Image Credits: Mlenny / Getty Images Quick IPO update After Roblox and Affirm pushed their IPOs because market conditions were too hot, the delay proved to be an opportunity for others. Bumble , UiPath and Coinbase filed to go public confidentially, meaning that the intent is now known but there are no numbers for us to go through. Finally, Poshmark filed its S-1 and StockX raised a round that Alex Wilhelm thinks could be pre-IPO money. Image Credits: Bumble Around TechCrunch Gift the gift of Extra Crunch this season with an exclusive 25% off deal Extra Crunch memberships are now available in Switzerland , Croatia and Czech Republic. Give the gift of Extra Crunch for 25% off Across the week Seen on TechCrunch PrivacyGrader is a free tool to help companies get smarter about data and disclosures With Bambee, Allan Jones wants to give small businesses HR services their employees can trust The venture firm SOSV has hired former TechCrunch COO Ned Desmond to help grow its startups From Indias richest man to Amazon and 100s of startups: The great rush to win neighborhood stores Seen on Extra Crunch Startup valuations have recovered from summer lows Dear Sophie: How did immigration change for startup founders in 2020? An even bigger battle for gig worker rights is on the horizon From startups to Starbucks: The embedded API opportunity @EquityPod There have to be some users that want to use Bitcoin for their OnlyFans, right? In this weeks rare Danny-less Equity episode , Alex and I teamed up to chat about Public's latest raise, Substacks newest tool and Bitcoins busiest week. The conversation devolved, as it usually does, into books, snow and startups that prepare you for life before and after death. Take a listen here , and leave us a review on Apple Podcasts if youd like to support the show! Equity drops every Friday at 6:00 am PT, so subscribe to us on Apple Podcasts , Overcast , Spotify and all the casts. The Venn diagram between crypto and OnlyFans...
- Reddit Posts (Sample): []...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
29374.15, 32127.27, 32782.02, 31971.91, 33992.43, 36824.36, 39371.04, 40797.61, 40254.55, 38356.44
|
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['By John McCrank NEW YORK (Reuters) - The price of Bitcoin topped $29,000 on Thursday for the first time, with the digital currency almost quadrupling in value this year amid heightened interest from investors big and small alike. The world\'s most popular cryptocurrency touched $29,300 before pulling back, most recently down 0.67% at $28,774.36. It has surged by nearly half since breaking $20,000 for the first time on Dec. 16. Bitcoin\'s potential for quick gains, as well as expectations it could become a mainstream payment method, has attracted demand from larger U.S. investors, as well as from traders who normally stick to equities. "You can buy a stock like Amazon, you can buy a stock like Apple, and you know what you got," said Dennis Dick, a proprietary trader at Bright Trading LLC. "Bitcoin you really just have digits on a screen and you\'re really hoping that the guy behind you sees it as being worth more than what you just paid for it, so it\'s a purely speculative view," he said. Still, intrigued by the story behind bitcoin and the traction it was getting with institutional investors, he put 1% of his net worth into a bitcoin fund around five weeks ago, which has doubled in value since then, and he sold half on Thursday. "When you double your money within five weeks, if you sell half of it, I figure now you\x92re playing with the house\'s money," he said. Recent gains have taken bitcoin\'s market capitalization past $536 billion, according to industry website CoinMarketCap https://coinmarketcap.com. (Reporting by John McCrank; editing by Jonathan Oatis)', 'By John McCrank\nNEW YORK (Reuters) - The price of Bitcoin topped $29,000 on Thursday for the first time, with the digital currency almost quadrupling in value this year amid heightened interest from investors big and small alike.\nThe world\'s most popular cryptocurrency touched $29,300 before pulling back, most recently down 0.67% at $28,774.36. It has surged by nearly half since breaking $20,000 for the first time on Dec. 16.\nBitcoin\'s potential for quick gains, as well as expectations it could become a mainstream payment method, has attracted demand from larger U.S. investors, as well as from traders who normally stick to equities.\n"You can buy a stock like Amazon, you can buy a stock like Apple, and you know what you got," said Dennis Dick, a proprietary trader at Bright Trading LLC. "Bitcoin you really just have digits on a screen and you\'re really hoping that the guy behind you sees it as being worth more than what you just paid for it, so it\'s a purely speculative view," he said.\nStill, intrigued by the story behind bitcoin and the traction it was getting with institutional investors, he put 1% of his net worth into a bitcoin fund around five weeks ago, which has doubled in value since then, and he sold half on Thursday.\n"When you double your money within five weeks, if you sell half of it, I figure now you’re playing with the house\'s money," he said.\nRecent gains have taken bitcoin\'s market capitalization past $536 billion, according to industry website CoinMarketCap https://coinmarketcap.com.\n(Reporting by John McCrank; editing by Jonathan Oatis)', 'By John McCrank\nNEW YORK (Reuters) - The price of Bitcoin topped $29,000 on Thursday for the first time, with the digital currency almost quadrupling in value this year amid heightened interest from investors big and small alike.\nThe world\'s most popular cryptocurrency touched $29,300 before pulling back, most recently down 0.67% at $28,774.36. It has surged by nearly half since breaking $20,000 for the first time on Dec. 16.\nBitcoin\'s potential for quick gains, as well as expectations it could become a mainstream payment method, has attracted demand from larger U.S. investors, as well as from traders who normally stick to equities.\n"You can buy a stock like Amazon, you can buy a stock like Apple, and you know what you got," said Dennis Dick, a proprietary trader at Bright Trading LLC. "Bitcoin you really just have digits on a screen and you\'re really hoping that the guy behind you sees it as being worth more than what you just paid for it, so it\'s a purely speculative view," he said.\nStill, intrigued by the story behind bitcoin and the traction it was getting with institutional investors, he put 1% of his net worth into a bitcoin fund around five weeks ago, which has doubled in value since then, and he sold half on Thursday.\n"When you double your money within five weeks, if you sell half of it, I figure now you’re playing with the house\'s money," he said.\nRecent gains have taken bitcoin\'s market capitalization past $536 billion, according to industry website CoinMarketCap https://coinmarketcap.com.\n(Reporting by John McCrank; editing by Jonathan Oatis)', "As the year draws to a close, not only is the U.S. stock market approaching record highs, but a touted alternative to the existing financial system is also booming. Bitcoin is now trading over $29,000 per single coin, up more than 24% in the last seven days alone. It\x92s blown past its previous high of $20,000 and is likely to top the $30,000 mark by the end of the weekend if it keeps trending in its current direction. More from Deadline Mutual Funds, ETFs, Bitcoin Showed Strong Gains In 2020 Donald Trump's Campaign Website Hacked And Defaced Facebook Reveals Launch Plans For Libra, Its Crypto Answer To Bitcoin Bitcoin is a digital currency that is created by \x93mining\x94 a blockchain, which rewards users who solve complex equations. Although some liken it to the tulip craze and other speculative investments, it has attracted numerous world class investors and financial institutions, particularly in the last six months. Only 21 million Bitcoin will ever exist in the complex system, making it a finite resource. The Bitcoin boom is a tide that is lifting other boats. Such alt-coins as ethereum\x92s Ether (now at $745), and Litecoin ($135) are also at or near record levels, boosting the overall markets. Other coins are also on the rise, making for a red-hot market heading into 2021. The only down note is found in the third-largest digital currency by market capitalization. The Securities and Exchange Commission has sued Ripple Labs, the company that issues XRP. The complaint charges XRP\x92s backers with conducting an unlawful issuance of securities and personally profiting from the endeavor. As a result, the price has crashed and many crypto exchanges have stopped trading in it. But overall, a robust cryptocurrency market means good things for new entertainment start-ups, as investors that are flush with extra cash as their cryptos rise are more likely to back disruptive new companies. Best of Deadline U.S. Covid-19 Update: Nation Hits 20M Cases By Start Of 2021, With More than 346,000 Deaths Coronavirus: Movies That Have Halted Or Delayed Production Amid Outbreak Hong Kong Filmart Postponed Due To Coronavirus Fears; Event Moves Two Weeks Before Toronto Sign up for Deadline's Newsletter . For the latest news, follow us on Facebook , Twitter , and Instagram .", "As the year draws to a close, not only is the U.S. stock market approaching record highs, but a touted alternative to the existing financial system is also booming. Bitcoin is now trading over $29,000 per single coin, up more than 24% in the last seven days alone. It\x92s blown past its previous high of $20,000 and is likely to top the $30,000 mark by the end of the weekend if it keeps trending in its current direction. More from Deadline Mutual Funds, ETFs, Bitcoin Showed Strong Gains In 2020 Donald Trump's Campaign Website Hacked And Defaced Facebook Reveals Launch Plans For Libra, Its Crypto Answer To Bitcoin Bitcoin is a digital currency that is created by \x93mining\x94 a blockchain, which rewards users who solve complex equations. Although some liken it to the tulip craze and other speculative investments, it has attracted numerous world class investors and financial institutions, particularly in the last six months. Only 21 million Bitcoin will ever exist in the complex system, making it a finite resource. The Bitcoin boom is a tide that is lifting other boats. Such alt-coins as ethereum\x92s Ether (now at $745), and Litecoin ($135) are also at or near record levels, boosting the overall markets. Other coins are also on the rise, making for a red-hot market heading into 2021. The only down note is found in the third-largest digital currency by market capitalization. The Securities and Exchange Commission has sued Ripple Labs, the company that issues XRP. The complaint charges XRP\x92s backers with conducting an unlawful issuance of securities and personally profiting from the endeavor. As a result, the price has crashed and many crypto exchanges have stopped trading in it. But overall, a robust cryptocurrency market means good things for new entertainment start-ups, as investors that are flush with extra cash as their cryptos rise are more likely to back disruptive new companies. Best of Deadline U.S. Covid-19 Update: Nation Hits 20M Cases By Start Of 2021, With More than 346,000 Deaths Coronavirus: Movies That Have Halted Or Delayed Production Amid Outbreak Hong Kong Filmart Postponed Due To Coronavirus Fears; Event Moves Two Weeks Before Toronto Sign up for Deadline's Newsletter . For the latest news, follow us on Facebook , Twitter , and Instagram .", "As the year draws to a close, not only is the U.S. stock market approaching record highs, but a touted alternative to the existing financial system is also booming. Bitcoin is now trading over $29,000 per single coin, up more than 24% in the last seven days alone. It\x92s blown past its previous high of $20,000 and is likely to top the $30,000 mark by the end of the weekend if it keeps trending in its current direction. More from Deadline Mutual Funds, ETFs, Bitcoin Showed Strong Gains In 2020 Donald Trump's Campaign Website Hacked And Defaced Facebook Reveals Launch Plans For Libra, Its Crypto Answ
**Last 60 Days of Bitcoin's Closing Prices:**
[13550.49, 13950.30, 14133.71, 15579.85, 15565.88, 14833.75, 15479.57, 15332.32, 15290.90, 15701.34, 16276.34, 16317.81, 16068.14, 15955.59, 16716.11, 17645.41, 17804.01, 17817.09, 18621.31, 18642.23, 18370.00, 18364.12, 19107.46, 18732.12, 17150.62, 17108.40, 17717.41, 18177.48, 19625.84, 18803.00, 19201.09, 19445.40, 18699.77, 19154.23, 19345.12, 19191.63, 18321.14, 18553.92, 18264.99, 18058.90, 18803.66, 19142.38, 19246.64, 19417.08, 21310.60, 22805.16, 23137.96, 23869.83, 23477.29, 22803.08, 23783.03, 23241.35, 23735.95, 24664.79, 26437.04, 26272.29, 27084.81, 27362.44, 28840.95, 29001.72]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2021-01-01
**Financial & Commodity Data:**
- Gold Closing Price: $1893.10
- Crude Oil Closing Price: $48.52
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $524,791,062,781
- Hash Rate: 137764027.0294169
- Transaction Count: 258080.0
- Unique Addresses: 609741.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.94
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: The U.S. Justice Departmentannouncedon Thursday it has seized nearly 70,000 Bitcoins from a person the agency would describe only as “Individual X.”
The news is remarkable because of the value of Bitcoin seized—the haul is worth around $1.05 billion based on today’s Bitcoin price of $15,000—but also because of the timing and the mysterious nature of the seizure.
According to a Justice Departmentcomplaint, the digital wallet holding the Bitcoins belonged to a hacker who stole them from the operator of the Silk Road, a notorious black market website that acted as a giant online bazaar for drugs and other criminal activity. The federal government took down the Silk Road and arrestedits owner—who isnow serving life in prison—in 2013.
The Justice Department complaint says IRS agents reviewed the hacker’s activities earlier this year with the help of a cryptocurrency forensics firm. That firm, Chainalysis, publisheda blog postdetailing how it analyzed the Bitcoin blockchain—a tamper-proof public ledger of transactions—to track the hacker’s activities.
The blog post includes the graphic below, which shows the stolen Bitcoins moving to different wallets, including one transaction in which the hacker moved 101 Bitcoins to a now-shuttered criminal exchange called BTC-e:
According to a person familiar with the investigation, the hacker’s robbery of Silk Road—which took the form of 54 transactions in less than 24 hours—took place in 2012. Meanwhile, the transfer of 101 Bitcoins took place in 2015, with no further transactions after that.
This raises the question of why the so-called Individual X hasn’t touched any of the funds, even asBitcoin has soared in price. There appear to be two possible explanations: The person is a wealthy individual who did not need to sell any of the Bitcoins, or else the person is in prison without access to a website needed to transfer the funds.
The source familiar with the investigation said it is significant the complaint was filed in San Francisco, and that Individual X signed a consent decree. This implies the person in question is located in Northern California and is cooperating with law enforcement—as does the fact the Justice Department was able to seize the Bitcoin, which could only have occurred if the person provided the password or “private key” needed to transfer Bitcoin funds.
As for why the Justice Department didn’t name the individual, the source speculated it was because the person could be at risk of violent retaliation from criminals tied to the Silk Road.
“They’re not in the safest business in the world,” the source said.
The Justice Department did not immediately respond to a request for comment as to whether Individual X is in prison. Nor did the agency state if a criminal complaint—as opposed to the civil one unveiled today—will be forthcoming. The lack of any criminal complaint may suggest Individual X is already incarcerated and may have agreed to turn over the Bitcoin as part of a cooperation arrangement with authorities.
The Justice Department seized not only 69,370.22491543 Bitcoins from Individual X, but the same amount in three spinoff currencies known as Bitcoin Cash, Bitcoin Gold, and Bitcoin SV. Together, those other currencies are worth around $30 million.
The government hasn’t announced what it will do with the seized Bitcoins, but in the past it hassoldthemthough auctions run by the U.S. Marshals Service, with the proceeds primarily going to law enforcement agencies.
• COVID-19 resurgencesets back Europe’s economic recoveryhopes
• TheU.S. economyis slowly beginning to climb out of its deep hole
• Stocks historically perform betterunder a divided Congress
• Theft of $2.3M from GOP shows howcampaigns are juicy targets for hackers
• A journalist-turned-detective on howcorporate America depends on private sleuths
This story was originally featured onFortune.com...
- Reddit Posts (Sample): [['u/Mari0805', 'BTC just had the monthly and yearly close! 2020 close was at $28,990', 119, '2021-01-01 01:07', 'https://www.reddit.com/r/Bitcoin/comments/ko15jt/btc_just_had_the_monthly_and_yearly_close_2020/', "Let's see what 2021 brings us. I predict 2021 will be the year where we will see BTC go over $100k. Not financial advice by the way. #HODL\n\nhttps://preview.redd.it/jfo4kqi84m861.png?width=1256&format=png&auto=webp&s=45ccabb9bd6324906f587205043036c10d1a754b", 'https://www.reddit.com/r/Bitcoin/comments/ko15jt/btc_just_had_the_monthly_and_yearly_close_2020/', 'ko15jt', [['u/One_Landscape541', 38, '2021-01-01 02:30', 'https://www.reddit.com/r/Bitcoin/comments/ko15jt/btc_just_had_the_monthly_and_yearly_close_2020/ghnvxzv/', 'When this comes down the weak hands will cry.', 'ko15jt'], ['u/One_Landscape541', 16, '2021-01-01 04:25', 'https://www.reddit.com/r/Bitcoin/comments/ko15jt/btc_just_had_the_monthly_and_yearly_close_2020/gho6lj2/', 'This is the way.', 'ko15jt'], ['u/therealfakesatoshi', 13, '2021-01-01 06:30', 'https://www.reddit.com/r/Bitcoin/comments/ko15jt/btc_just_had_the_monthly_and_yearly_close_2020/ghogqxw/', 'The emperor has no close', 'ko15jt']]], ['u/jmr_iv', 'Just waiting for a dip...', 41, '2021-01-01 01:19', 'https://www.reddit.com/r/Bitcoin/comments/ko1c7e/just_waiting_for_a_dip/', 'The problem facing people that don\'t own bitcoin - Everyone wants to buy once it starts taking off but no one wants to buy a new all time high.\n\n"I\'m just waiting for a dip"\n\n"I\'ll get in when it cools off some"\n\n"Man, you really should\'ve tried harder to convince me earlier this year"\n\nI\'m sure most of you have heard one of these in the past few weeks.\n\nIMO, This bull run we\'re experiencing is not about how great bitcoin is - but rather how awful the US dollar and other fiat currencies are...\n\nHODL babyyyy', 'https://www.reddit.com/r/Bitcoin/comments/ko1c7e/just_waiting_for_a_dip/', 'ko1c7e', [['u/wingsofthygiant', 20, '2021-01-01 02:06', 'https://www.reddit.com/r/Bitcoin/comments/ko1c7e/just_waiting_for_a_dip/ghntipn/', 'That’s why I grab my bitcoins today at $28,300 with my stimulus check... I will hold for years, so it doesn’t matter, either way I will continue to buy dips as much as I can so it doesn’t matter xD', 'ko1c7e'], ['u/wingsofthygiant', 14, '2021-01-01 04:43', 'https://www.reddit.com/r/Bitcoin/comments/ko1c7e/just_waiting_for_a_dip/gho850h/', 'Heyyyyyy we start somewhere right? I saw one guy here in the sub Reddit actually, he posted that he bought at $10,000 and people LYNCHED him saying that he should have waited to drop back to $8,000. Now that same guy is more than double his initial investment and the people who wanted to waited are still probably waiting some more 🤣', 'ko1c7e']]], ['u/Graphene_Hands', 'I bought the ATH in 2011: A decade of HODLing', 1861, '2021-01-01 01:54', 'https://www.reddit.com/r/Bitcoin/comments/ko1wk3/i_bought_the_ath_in_2011_a_decade_of_hodling/', 'There have been a few other long-term HODLers sharing their stories recently and I\'ve greatly enjoyed reading them and reminiscing about Bitcoin\'s past. Here\'s my story - I hope it\'s as entertaining as the others.\n\n\\---\n\nEvery number between 0 cents and the current ATH has been, by definition, the all-time-high at one point. Don\'t let that prevent you from taking a risk in something you believe in. Extend your time horizon to a decade and lock your coins away.\n\n\\---\n\nI\'ve been a libertarian since I was a teenager. The expanding role of the State is something that I\'ve been worrying about for most of my life. While learning about the immorality of the existence of the State, at some point I learned about monetary policy and how inflation is robbing everyone on an unprecedented scale. I tucked this knowledge away and was determined to figure out a way around it when I started making my own money. (This paragraph is the only one involving political philosophy, go ahead and continue reading)\n\nI first heard of Bitcoin in 2010 on one of the many forums I frequented in my libertarian internet circle. It was an interesting concept to me, but I didn\'t pursue it at all. Again I tucked this knowledge away for future use.\n\nI heard of it again several months later (2010). This time I decided to try it out. I remember downloading and syncing the reference wallet and using a BTC faucet to send coins to my wallet. I forget exactly how many it was... 5, maybe? That\'s as far as I went with it though. At some point I deleted the wallet and the downloaded blockchain - probably to make room for a Steam game or something. Those coins are gone.\n\nThat\'s right - Steam. I have been a gamer for most of my life as well. I owned a powerful graphics card at the time: The Radeon 5970.\n\nThe third time I heard about Bitcoin was in May 2011. I had heard that the price was lifting off and people were making a lot of money from it. This time I decided to dive in and see what I could figure out.\n\nThis was where I fell into the deep rabbit hole of Bitcoin. I remember getting so absorbed in it that I didn\'t sleep some nights. I was working my day job, going home and learning all that I could about Bitcoin. Learning about how addresses were generated, how wallets worked, how mining worked, how the difficulty adjustment worked, everything that I possibly could.\n\nAfter a week or two of obsessing and reading about Bitcoin, I decided that this was the most important invention since the internet - the most perfect form of money ever created. One of the most ingenious systems ever designed by man - and NO ONE KNOWS ABOUT IT YET.\n\nI can\'t recall if any other coins existed at the time, but between 2011-2012 I remember other coins like Namecoin, Peercoin, Feathercoin, and some others. I don\'t hear about any of those other coins these days... besides LTC and XRP, of course.\n\nI decided that I wanted in. I needed to get some Bitcoin. I needed it NOW!! This would be like buying stock in the Internet itself but better - no counterparty risk, and I could be my own bank!\n\nI wasn\'t making a lot of money at the time, so putting money towards anything discretionary wasn\'t going to be friendly to my budget. Yes, I owned a badass gaming rig, but that was my only luxury in life. I knew I was going to buy for the long term, so I decided to put aside $500 and go for it. I was going to buy Bitcoin.\n\nAt the time, Mt Gox was the only game in town that I can remember. I don\'t think BTC-e existed yet, or maybe I just hadn\'t heard of it.\n\nI signed up for a Gox account and figured out how to fund it. There were a few ways to do this, one of which was another app called Dwolla. So I signed up for Dwolla and got verified. I then deposited my $500 and initiated the ACH transfer to Gox. BTC price at the time: $3.\n\nI had initiated the transfer on a Tuesday evening after work. I was informed that the transfer would arrive at Gox on Friday.\n\nI watched agonizingly as the price climbed hour after hour, day after day. $3.50. $4. $5. $6. I was missing the boat!!! By Thursday evening the price had doubled.\n\nAt work on Friday, I checked my email on my phone practically every five minutes. The transfer didn\'t go through the entire work day. I had plans with friends that evening - damn it, I was going to have to try and do this on my phone while hanging with my friends?!\n\nI ended up making my first BTC purchase while sitting in a movie theater. I bought 50 Bitcoin for $10 each - during an all-time-high.\n\nI still hodl every one of these coins today.\n\n(The movie, for the curious: X-Men: First Class)\n\nI couldn\'t stop there, though. The more I learned, the more I had to know. The more I had to DO. That\'s when I got into GPU mining.\n\nThis was a time before ASICs. I believe GPU mining was relatively new -- before this, miners were only using CPUs (which were in 2011 -- like GPUs in 2020 -- obsolete for SHA256 mining).\n\nThe next day I dove headfirst into Bitcoin mining. I downloaded the software and set up an account on Slush Pool. I ran my 5970 on full blast for a while and went out with some friends. When I got back, my bedroom was noticeably hotter than it was when I left. So that\'s what I was going to be dealing with? Ok, fine.\n\nI also couldn\'t play any demanding video games while the miner was running. I\'d have to dial the hashrate down, or disable it completely. Ok, I guess I can manage that.\n\nAfter a few days of dealing with that, I decided to buy another 5970. If I got bored of Bitcoin, it would still make The Witcher 2 run better!\n\nAll told, between mining with Slush Pool and BTCGuild for a month, I managed to mine an additional 50BTC that month.\n\nI still hodl every one of these coins today.\n\nOne day, my electric bill came. $350. For my 1BR apartment? That can\'t be right...\n\nI called up the electric company and told them they double-billed me.\n\n"Nope, that amount is accurate. That\'s what you owe for this month. Have a nice day!"\n\nAnd that was the day I stopped Bitcoin mining.\n\nI had been telling all my friends and gamer friends about Bitcoin the entire time. They laughed at me. I told them they wouldn\'t be laughing when I was a millionaire.\n\nSoon after, Bitcoin crashed -- HARD. Dropping from $32 at its peak to $2 over the next few months -- one of the largest price drops in its history.\n\nI was dejected. I stopped talking about it with my friends. The gamer communities I was a member of made fun of me relentlessly, trashing Bitcoin every day. News articles celebrating Bitcoin\'s death popped up everywhere. It was the first major public crash, and I felt all alone.\n\nI uninstalled the Bitcoin price widget from my phone. I moved on with my life and tried to forget about Bitcoin. I left the wallet on my PC, but deleted my copy of the blockchain.\n\nI barely thought about Bitcoin for the next two years. Any time someone brought it up at work or in my friend group, I changed the s...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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32127.27, 32782.02, 31971.91, 33992.43, 36824.36, 39371.04, 40797.61, 40254.55, 38356.44, 35566.66
|
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['You can’t blame Americans for being eager to receive their stimulus money: With a weakening economic recovery and an out-of-control pandemic, the direct payments includedin the $900 billion stimulus package signed into law by President Donald Trump on Dec. 20are literally a lifeline for millions of Americans.\nThat $900 billion economic aid package set aside money to send most Americans a $600 stimulus check—down from the $1,200 checks sent by the CARES Act passed in March and less than the $2,000 sought by Congressional Democrats and later, President Trump. The bill also brings back weekly enhanced federal unemployment benefits for the more than19 million Americans still on unemployment benefit rolls.These enhanced benefits will pay out $300 per week, on top of state benefits, for up to 11 weeks.\nWe know the aid is coming, but when? Here isFortune‘s guide.\nAmericans started to receive their $1,200 stimulus checks two weeks after the signing of the CARES Act in March. But this go-around, the U.S. Department of the Treasury sped up the process andstarted to deposit $600 checks on Tuesday—just nine days after Trump signed the bill into law.\nTaxpayers\xa0who have their\xa0direct deposit information on file with the IRS will receive their payments by direct deposit.The IRS started sending those direct deposits on Tuesday, and will continue to send those through next week.\nThe rest of eligible Americans and resident aliens will receive their checks by mail. Those checks started to mail out on Wednesday, but it’s unclear how long paper checks will take to arrive.\nThe federal stimulus bill will send $600 checks to most adults, and $600 for each dependent child. However, the funds will phase out for people earning higher incomes. These stimulus checks will decrease for households with 2019 adjusted gross income—that is, federally taxable income—above $75,000 per individual or $150,000 per qualified couple. The checks completely phase out for individuals earning above $99,000, and joint filers with no children at $198,000.\nYou can find more details about your stimulus payment onthis IRS portal.\nThe $300 enhanced unemployment checks will be issued for the week ended December 27 through the week ending March 13. But the timetable for when the $300 unemployment payments actually start to deposit will vary by state.\nA few states, includingNew YorkandMinnesota, announced jobless residents on their unemployment rolls should start to get the $300 checks the week of Jan. 3, 2021. More states are expected to announce their timelines next week.\nThe good news? If states delay in sending out the $300 unemployment payments, the benefit will be back paid for the weeks ending between Dec. 27 and March 13. Americans who are eligible for the $300 enhanced unemployment benefits will eventually get it.\nThe CARES Act, which was passed in March,expanded eligibility for unemployment benefitsto include jobless part-timers, self-employed workers, freelancers, and independent contractors. These unemployed Americans covered through Pandemic Unemployment Assistance, along with anyone on traditional state unemployment rolls, will automatically get the new $300 weekly federal benefit.\nThose who qualify will get the additional $300 weekly, regardless of their previous wages. This is on top of their state unemployment insurance benefit. For example, a worker in New York who gets the maximum state benefit of $504 per week would receive a total of $804 per week.\n• When to expect$600 checks and $300 enhanced unemployment payments\n• A brief history ofBitcoin bubbles\n• From Bitcoin to Asian tech stocks, these arethe biggest winners and losers of the 2020 global markets\n• The biggestbusiness scandalsof 2020\n• Under Biden, expectmore scrutiny of Big Tech and mergers\nThis story was originally featured onFortune.com', 'You can’t blame Americans for being eager to receive their stimulus money: With a weakening economic recovery and an out-of-control pandemic, the direct payments included in the $900 billion stimulus package signed into law by President Donald Trump on Dec. 20 are literally a lifeline for millions of Americans. That $900 billion economic aid package set aside money to send most Americans a $600 stimulus check—down from the $1,200 checks sent by the CARES Act passed in March and less than the $2,000 sought by Congressional Democrats and later, President Trump. The bill also brings back weekly enhanced federal unemployment benefits for the more than 19 million Americans still on unemployment benefit rolls. These enhanced benefits will pay out $300 per week, on top of state benefits, for up to 11 weeks. We know the aid is coming, but when? Here is Fortune ‘s guide. When to expect your $600 stimulus check Americans started to receive their $1,200 stimulus checks two weeks after the signing of the CARES Act in March. But this go-around, the U.S. Department of the Treasury sped up the process and started to deposit $600 checks on Tuesday —just nine days after Trump signed the bill into law. Taxpayers\xa0who have their\xa0direct deposit information on file with the IRS will receive their payments by direct deposit. The IRS started sending those direct deposits on Tuesday , and will continue to send those through next week. The rest of eligible Americans and resident aliens will receive their checks by mail. Those checks started to mail out on Wednesday, but it’s unclear how long paper checks will take to arrive. Who is eligible for the $600 checks? The federal stimulus bill will send $600 checks to most adults, and $600 for each dependent child. However, the funds will phase out for people earning higher incomes. These stimulus checks will decrease for households with 2019 adjusted gross income—that is, federally taxable income—above $75,000 per individual or $150,000 per qualified couple. The checks completely phase out for individuals earning above $99,000, and joint filers with no children at $198,000. Story continues You can find more details about your stimulus payment on this IRS portal. When will $300 unemployment checks start going out? The $300 enhanced unemployment checks will be issued for the week ended December 27 through the week ending March 13. But the timetable for when the $300 unemployment payments actually start to deposit will vary by state. A few states, including New York and Minnesota , announced jobless residents on their unemployment rolls should start to get the $300 checks the week of Jan. 3, 2021. More states are expected to announce their timelines next week. The good news? If states delay in sending out the $300 unemployment payments, the benefit will be back paid for the weeks ending between Dec. 27 and March 13. Americans who are eligible for the $300 enhanced unemployment benefits will eventually get it. Who is eligible for the $300 checks? The CARES Act, which was passed in March, expanded eligibility for unemployment benefits to include jobless part-timers, self-employed workers, freelancers, and independent contractors. These unemployed Americans covered through Pandemic Unemployment Assistance, along with anyone on traditional state unemployment rolls, will automatically get the new $300 weekly federal benefit. Those who qualify will get the additional $300 weekly, regardless of their previous wages. This is on top of their state unemployment insurance benefit. For example, a worker in New York who gets the maximum state benefit of $504 per week would receive a total of $804 per week. More must-read finance coverage from Fortune : When to expect $600 checks and $300 enhanced unemployment payments A brief history of Bitcoin bubbles From Bitcoin to Asian tech stocks, these are the biggest winners and losers of the 2020 global markets The biggest business scandals of 2020 Under Biden, expect more scrutiny of Big Tech and mergers This story was originally featured on Fortune.com', 'Bitcoin , BTC to USD, rose by 1.42% on Friday. Following on from a 0.18% gain on Thursday, Bitcoin ended the day at $29,349.0. It was a mixed start to the day. Bitcoin fell to an early morning intraday low $28,716.0 before making a move. Steering clear of the first major support level at $27,902, Bitcoin rose to an early morning high $29,488.0. Falling short of the major resistance levels, Bitcoin fell back to sub-$29,000 levels. Finding support through the late morning, however, Bitcoin struck a mid-day intraday high and a new swing high $29,620.0. Coming within range of the first major resistance level at $29,631, Bitcoin slid back to $28,700 levels. A late move back through to $29,300 levels delivered the upside for the day, however. The near-term bullish trend remained intact, supported by the latest breakthrough to $29,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $13,787 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was another mixed day on Friday. Polkadot slid by 11.83% to lead the way down. Bitcoin Cash SV (-0.80%), Cardano’s ADA (-3.44%), and Ethereum (-0.94%) also struggled. It was a bullish day for the rest of the majors, however. Ripple’s XRP and Chainlink rallied by 8.23% and by 5.50% respectively to lead the way. Binance Coin (+1.05%), Crypto.com Coin (+2.43%), and Litecoin (+1.70%) saw relatively modest gains on the day. In the current week, the crypto total market cap fell to a Tuesday low $678.76bn before rising to an early Friday high $783.43bn. At the time of writing, the total market cap stood at $760.80bn. Bitcoin’s dominance fell to a Monday low 69.13% before rising to a Friday high 71.64%. At the time of writing, Bitcoin’s dominance stood at 71.44%. This Morning At the time of writing, Bitcoin was down by 0.66% to $29,155.0. A mixed start to the day saw Bitcoin rise to an early morning high $29,351.4 before falling to a low $29,000.0. Bitcoin left the major support and resistance levels untested early on. Story continues
**Last 60 Days of Bitcoin's Closing Prices:**
[13950.30, 14133.71, 15579.85, 15565.88, 14833.75, 15479.57, 15332.32, 15290.90, 15701.34, 16276.34, 16317.81, 16068.14, 15955.59, 16716.11, 17645.41, 17804.01, 17817.09, 18621.31, 18642.23, 18370.00, 18364.12, 19107.46, 18732.12, 17150.62, 17108.40, 17717.41, 18177.48, 19625.84, 18803.00, 19201.09, 19445.40, 18699.77, 19154.23, 19345.12, 19191.63, 18321.14, 18553.92, 18264.99, 18058.90, 18803.66, 19142.38, 19246.64, 19417.08, 21310.60, 22805.16, 23137.96, 23869.83, 23477.29, 22803.08, 23783.03, 23241.35, 23735.95, 24664.79, 26437.04, 26272.29, 27084.81, 27362.44, 28840.95, 29001.72, 29374.15]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2021-01-02
**Financial & Commodity Data:**
- Gold Closing Price: $1893.10
- Crude Oil Closing Price: $48.52
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $594,588,339,093
- Hash Rate: 139613208.60028157
- Transaction Count: 297111.0
- Unique Addresses: 711719.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.94
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Alexander Vinnick , the Russian man who founded and ran the now-defunct Bitcoin exchange service BTC-e, has been sentenced to five years in prison. A Paris court has found Vinnick guilty of money laundering and has ordered him to pay 100,000 (US$121,000) in fines. Vinnick was arrested in Greece back in 2017 under an international warrant issued by the US Department of Justice and was extradited to France earlier this year. The Justice Department accused Vinnick of operating BTC-e as a front for a massive money laundering operation that accepted stolen funds from cyberattacks. Security firm Wizsec previously linked his private BTC-e accounts to funds stolen from Mt. Gox . If youll recall, around $480 million worth of Bitcoins disappeared from the exchange service back in 2014 due to, as Mt. Gox CEO Mark Karpeles called them, "weaknesses in the system." The US DOJ charged Vinnick with 17 counts of laundering up to $4 billion since the exchange was founded in 2011. Meanwhile, French prosecutors charged him for extortion, conspiracy and harming automatic data-processing systems. French authorities believe he helped create the ransomware Locky, which was spread through email and was used to attack French businesses and organizations between 2016 and 2018. At least 20 entities in the country ended up paying ransom money in Bitcoin to get their networks freed. Vinniks side argued in court that he was only a technical operator carrying out instructions from BTC-es directors. While the court still ended up convicting him for money laundering, its hardly the worst-case scenario for Vinnick. According to ZDNet , French prosecutors were only able to prove one of the 14 charges brought against him, and it wasnt the one involving Locky. That means he was able to avoid the 10-year sentence and the 750,000 fine the prosecutors had requested....
- Reddit Posts (Sample): [['u/Zamusek', 'If "1BitcoinIsMyLifeGoal" messages you asking to trade BTC, do NOT trust him', 29, '2021-01-02 00:12', 'https://www.reddit.com/r/Bitcoin/comments/kolf8j/if_1bitcoinismylifegoal_messages_you_asking_to/', "He scammed me of 0.003 BTC, so yeah don't give him any of your bitcoin. I was stupid to trust him with a name like that I just wanted to get the money in my bank so bad\n\nEdit: Erdogentalk sent me £5 in BCH so it isn't all bad 😌👍what a nice guy", 'https://www.reddit.com/r/Bitcoin/comments/kolf8j/if_1bitcoinismylifegoal_messages_you_asking_to/', 'kolf8j', [['u/keepbanninme', 51, '2021-01-02 00:37', 'https://www.reddit.com/r/Bitcoin/comments/kolf8j/if_1bitcoinismylifegoal_messages_you_asking_to/ghru4t4/', 'I can’t believe people keep trusting randoms who message them on fucking Reddit', 'kolf8j'], ['u/hous26', 14, '2021-01-02 00:46', 'https://www.reddit.com/r/Bitcoin/comments/kolf8j/if_1bitcoinismylifegoal_messages_you_asking_to/ghrv321/', 'Sorry man. $85 USD lesson. Could be A LOT worse.', 'kolf8j'], ['u/irresponsible_owl', 22, '2021-01-02 01:27', 'https://www.reddit.com/r/Bitcoin/comments/kolf8j/if_1bitcoinismylifegoal_messages_you_asking_to/ghrzi97/', "If *LITERALLY ANYONE* messages you asking to trade BTC, *DO NOT TRUST THEM*.\n\nThere's no reason to single out any individual scammer here, anyone who sends you an unsolicited message suggesting a transaction that involves you sending them BTC, it's a scam 100% of the time.\n\nYou are stupid to trust *anyone* who does this, regardless of their name or the story that they tell you.", 'kolf8j'], ['u/Narco105', 11, '2021-01-02 05:23', 'https://www.reddit.com/r/Bitcoin/comments/kolf8j/if_1bitcoinismylifegoal_messages_you_asking_to/ghsov2n/', 'Lmao seriously. Some people need to be controlled by banks otherwise they’d lose all of their money', 'kolf8j'], ['u/SlapItOrGrabIt', 16, '2021-01-02 05:44', 'https://www.reddit.com/r/Bitcoin/comments/kolf8j/if_1bitcoinismylifegoal_messages_you_asking_to/ghsr2xh/', 'Man that sucks... if you give me .003 bitcoin I’ll track them down for you.', 'kolf8j'], ['u/skutterbrain', 11, '2021-01-02 07:00', 'https://www.reddit.com/r/Bitcoin/comments/kolf8j/if_1bitcoinismylifegoal_messages_you_asking_to/ghsxv9b/', "God you're dumb", 'kolf8j']]], ['u/bawdyanarchist', 'Another Fundraising Round For Cross-Chain Atomic Swaps?', 26, '2021-01-02 00:31', 'https://www.reddit.com/r/Monero/comments/kolrqv/another_fundraising_round_for_crosschain_atomic/', "Given the recent events, I would like to propose an idea. That we have another CCS to expedite implementation of cross-chain atomic swaps. Specifically, I would like to fund the version that doesn't depend on Schnorr, because I don't think we should count on that (although I really hope it arrives sooner than later). \n\nFor those that aren't aware, the current funded implementation is focusing on integration with Schnorr, because it reduces complexity and transaction size requirement. This is a wise long term solution, but medium term (9-18 months) has the potential to leave us without an implementation, if Bitcoin delays activation.\n\nMy only real question is, does throwing more money at this realistically make it happen faster? I know there's a derth of capable cryptographers and blockchain coders in the real world. As a mere script kiddie, I'm not sure how much I can personally do to help this along, other than donate more money. What do yall think?", 'https://www.reddit.com/r/Monero/comments/kolrqv/another_fundraising_round_for_crosschain_atomic/', 'kolrqv', [['u/sech1', 16, '2021-01-02 01:46', 'https://www.reddit.com/r/Monero/comments/kolrqv/another_fundraising_round_for_crosschain_atomic/ghs1jks/', '> if Bitcoin delays activation. \n\n"If", haha you just made me laugh. I don\'t expect anything happen in Bitcoin at all. We shouldn\'t count on Schnorr ever being available in Bitcoin. They\'re pretty occupied with numbers go up game. BCH however does have Schnorr and can be a decentralized on-ramp for Monero. I\'m even starting to like BCH now.', 'kolrqv']]], ['u/throwitintheair22', 'How “easy” is it to hack someone’s social media account?', 24, '2021-01-02 00:55', 'https://www.reddit.com/r/socialmedia/comments/kom807/how_easy_is_it_to_hack_someones_social_media/', 'We have all seen celebrities get their Twitter or Instagrams hacked. I mean really hacked. Not when they tweet something stupid and then claim they were hacked later. One example I can think of when Obama, Elon Musk and a bunch of other accounts tweeted out to send Bitcoin to them. \n\nI just saw a friend of mine get hacked as well. He has a decent youtube and Twitter following and someone hacked his account and deleted all of his tweets, posted personal DMs, etc etc.\n\nI know I keep rambling on, but is it THAT easy to hack somebody? I have two factor verification on basically all of my accounts (gmail, bank accounts, crypto, Facebook, Twitter, Instagram, etc.) but can hackers really bypass these things that easily? It seems like it.', 'https://www.reddit.com/r/socialmedia/comments/kom807/how_easy_is_it_to_hack_someones_social_media/', 'kom807', [['u/josiekshesok', 26, '2021-01-02 01:16', 'https://www.reddit.com/r/socialmedia/comments/kom807/how_easy_is_it_to_hack_someones_social_media/ghrych1/', 'I listened to a podcast that did a pretty interesting ‘investigation’ on this (basically hired a hacker to attempt to get their coworkers hacked), it was insightful to learn the strategies they used with two factor authentication etc etc. It was episode 97 of the ReplyAll podcast, would recommend!', 'kom807'], ['u/throwitintheair22', 11, '2021-01-02 01:33', 'https://www.reddit.com/r/socialmedia/comments/kom807/how_easy_is_it_to_hack_someones_social_media/ghs055d/', 'Thanks! I’ll have to check that out!\n\nedit: I just finished listening to it. Interesting stuff! It seemed like the main way people hack is through phishing though. I wonder if there are other ways?\n\nJust kind of as a general rule of thumb. I never open links from emails for a log in. I always open a new tab and then log into my account from the official website.\n\nBut yeah, like they said on the podcast. I guess they can still trick you into clicking links / opening attachments if it looks like the email is coming from someone you know. \n\nGood listen!', 'kom807'], ['u/ivapelocal', 10, '2021-01-02 03:40', 'https://www.reddit.com/r/socialmedia/comments/kom807/how_easy_is_it_to_hack_someones_social_media/ghsdxhq/', 'What you (and everyone) needs to be watching for are Chrome extensions related to social media ads. For example, hackers running ads that say, "Get a 30% Ad Spend Credit by Signing Up...", you sign up and they grab your cookies and session info, and device specs, and add someone to your FB business manager. If you don\'t catch it they will run up your ad spend big time. \n\nWe had this happen earlier this year. They spent $60k but we got it back in about 48 hours. I\'m still seeing them running ads to this day. \n\nAs far as other types of hacks, I don\'t know anything about the subject.', 'kom807']]], ['u/lemineftali', 'My girlfriend left me a year ago because she though I was in a Bitcoin cult—and therefore completely financially irresponsible. True story.', 89, '2021-01-02 00:59', 'https://www.reddit.com/r/CryptoCurrency/comments/kom9we/my_girlfriend_left_me_a_year_ago_because_she/', 'With Bitcoin hitting all time highs as we transition into 2021, I wanted to share my “Bitcoin ruined my relationship” story with you guys. Maybe you will appreciate it, at least.\n\nI met a woman in early 2017 while taking post-graduate classes. While I admit I was a bit apprehensive of her at first, over time she warmed on me—until she simply became my best fucking friend on earth. You know what it’s like when someone totally accepts you, and loves you, and wants to spend every second with you. \n\nYes, it was like that. \n\nAnd any man or woman alive who has also had this knows exactly how it makes you feel. It’s like the world is covering you kisses. It feels like god is rubbing your tummy. People who love you like this can be a grounding force in your life, and something about our connection just made me feel so alive, giving me strength at times I simply couldn’t have found anywhere else. There just something magic about having someone you can’t wait to go home and share your day with. \n\nAnd I had that. We had that. \n\nBut my girlfriend was so stressed. Holy shit, she was so stressed. About what? Money. Money, man. Dear god, her anxiety would sing like siren. And I got it, loud and clear. \n\nForgive me, this is going to be a long story. \n\nYou see I grew up pretty poor, as did she. But at some point in her life she had married up into the Nordstrom family. Yes. That Nordstrom. \n\nAs you can imagine, going from growing up in a small rural home with a barn to traveling in private planes is quite the life upgrade. I don’t want to share too much about the details of this relationship, but suffice it to say she managed to get her three kids through college, which was literally all she wanted. \n\nWhen I met her, she was exhausted. In process of divorce. The marriage, even with all the wealth, the Ferrari’s, the vineyards, etc—it just wasn’t worth it to her anymore. She often said she just felt like just rolling over and dying once all her children grew up and moved on. Empty nest syndrome. For real. \n\nAnd that’s about the time we met.\n\nThe journey of falling in love with someone happens slowly—but brilliantly. At first it was just us talking after classes. And then it was car rides. And then she was hanging out at my house, and I hers. And then over the months, we just absolutely fell in love. I mean we LOVED each other. And we went everywhere together, did amazing things. I loved her kids and her other family, and she loved mine. Loved to travel. Loved to go out in nature together. Loved to take mushrooms and ecstasy and stay up all night h...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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32782.02, 31971.91, 33992.43, 36824.36, 39371.04, 40797.61, 40254.55, 38356.44, 35566.66, 33922.96
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['The folks at Deribit apparently think the recent explosion in the price of bitcoin (BTC) from $20,000 to around $32,000 in just over a month, including a 10% rise in the last 24 hours, merits offering traders the ability to bet on a rally to $200,000 by late December. That supersedes the $160,000 option as the most traders can bet where the leading cryptocurrency will rise. Even with today\x92s wild ride for bitcoin there have been no takers at any strike north of $80,000. See also: Bitcoin Worth $1B Leaves Coinbase as Institutions \x91FOMO\x92 Buy: Analyst Related Stories Bitcoin Options on Deribit Now Go to $200K After Recent Surge Bitcoin Options on Deribit Now Go to $200K After Recent Surge Bitcoin Options on Deribit Now Go to $200K After Recent Surge Bitcoin Options on Deribit Now Go to $200K After Recent Surge', 'The folks at Deribit apparently think the recent explosion in the price of bitcoin (BTC) from $20,000 to around $32,000 in just over a month, including a 10% rise in the last 24 hours, merits offering traders the ability to bet on a rally to $200,000 by late December.\n• That supersedes the $160,000 option as the most traders can bet where the leading cryptocurrency will rise.\n• Even withtoday’s wild rideforbitcointhere have been no takers at any strike north of $80,000.\nSee also:Bitcoin Worth $1B Leaves Coinbase as Institutions ‘FOMO’ Buy: Analyst\n• Bitcoin Options on Deribit Now Go to $200K After Recent Surge\n• Bitcoin Options on Deribit Now Go to $200K After Recent Surge\n• Bitcoin Options on Deribit Now Go to $200K After Recent Surge\n• Bitcoin Options on Deribit Now Go to $200K After Recent Surge', 'The folks at Deribit apparently think the recent explosion in the price of bitcoin (BTC) from $20,000 to around $32,000 in just over a month, including a 10% rise in the last 24 hours, merits offering traders the ability to bet on a rally to $200,000 by late December.\n• That supersedes the $160,000 option as the most traders can bet where the leading cryptocurrency will rise.\n• Even withtoday’s wild rideforbitcointhere have been no takers at any strike north of $80,000.\nSee also:Bitcoin Worth $1B Leaves Coinbase as Institutions ‘FOMO’ Buy: Analyst\n• Bitcoin Options on Deribit Now Go to $200K After Recent Surge\n• Bitcoin Options on Deribit Now Go to $200K After Recent Surge\n• Bitcoin Options on Deribit Now Go to $200K After Recent Surge\n• Bitcoin Options on Deribit Now Go to $200K After Recent Surge', 'Bitcoin , BTC to USD, surged by 9.65% on Saturday. Following on from a 1.42% gain on Friday, Bitcoin ended the day at $32,183.0. It was a mixed start to the day. Bitcoin fell to an early morning intraday low $29,000.0 before making a move. Steering clear of the first major support level at $28,837, Bitcoin rallied to an early evening intraday high $33,292.0. The day-long rally saw Bitcoin break through the day’s major resistance levels to hit a new swing hi and all-time high before easing back. In spite of a pullback to $32,100 levels, Bitcoin avoided a fall back through the third major resistance level at $31,036. The near-term bullish trend remained intact, supported by the latest breakthrough to $33,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $15,190 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was another mixed day on Saturday. Ripple’s XRP slid by 7.16% to buck the trend on the day. It was a bullish day for the rest of the majors, however. Crypto.com Coin and Litecoin rallied by 10.53% and by 8.38% to lead the way, with Ethereum rising by 6.06%. Binance Coin (+1.18%), Bitcoin Cash SV (+2.55%), Cardano’s ADA (+1.31%), Chainlink (+2.85%), Polkadot (+1.43%) and saw relatively modest gains on the day. In the current week, the crypto total market cap fell to a Tuesday low $678.76bn before surging to a Saturday high $866.00bn. At the time of writing, the total market cap stood at $830.22bn. Bitcoin’s dominance fell to a Monday low 69.13% before rising to a Saturday high 72.92%. At the time of writing, Bitcoin’s dominance stood at 72.62. This Morning At the time of writing, Bitcoin was up by 0.82% to $32,447.9. A mixed start to the day saw Bitcoin fall to an early morning low $31,975.0 before rising to a high $32,501.0. Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was a mixed start to the day. Chainlink (+0.28%), Ethereum (+0.50%), and Litecoin (+0.54%) joined Bitcoin in the green, with Bitcoin Cash SV flat. Story continues It was a bearish start for the rest of the majors, however. At the time of writing, Crypto.com Coin was down by 7.52% to lead the way down. For the Bitcoin Day Ahead Bitcoin would need to avoid a fall through the pivot level at $31,492 to bring the first major resistance level at $33,983 into play. Support from the broader market would be needed for Bitcoin to break out from Saturday’s high $33,292.0. Barring an extended crypto rally, the first major resistance level and resistance at $34,000 would likely cap any upside. In the event of another extended crypto rally, Bitcoin could test resistance at $36,000 before any pullback. The second major resistance level sits at $35,784. Failure to avoid a fall through the $31,492 pivot would bring the first major support level at $29,691 into play. Barring an extended crypto sell-off, Bitcoin should steer clear of sub-$29,000 levels. The second major support level sits at $27,200. This article was originally posted on FX Empire More From FXEMPIRE: USD/JPY Forex Technical Analysis – 102.886 is Trigger Point for Acceleration to Downside U.S Mortgage Rates Rise in the Final Week of the Year AUD/USD Forex Technical Analysis – Nearest Support .7649, Next Upside Target .7812 Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – January 2nd, 2021 COVID-19 Vaccine Update – The WHO Authorizes the Use of the Pfizer Inc. Vaccine US Stock Market Overview – Stock Close the Year on an Up Note', 'Bitcoin, BTC to USD, surged by 9.65% on Saturday. Following on from a 1.42% gain on Friday, Bitcoin ended the day at $32,183.0.\nIt was a mixed start to the day. Bitcoin fell to an early morning intraday low $29,000.0 before making a move.\nSteering clear of the first major support level at $28,837, Bitcoin rallied to an early evening intraday high $33,292.0.\nThe day-long rally saw Bitcoin break through the day’s major resistance levels to hit a new swing hi and all-time high before easing back.\nIn spite of a pullback to $32,100 levels, Bitcoin avoided a fall back through the third major resistance level at $31,036.\nThe near-term bullish trend remained intact, supported by the latest breakthrough to $33,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $15,190 to form a near-term bearish trend.\nAcross the rest of the majors, it was another mixed day on Saturday.\nRipple’s XRPslid by 7.16% to buck the trend on the day.\nIt was a bullish day for the rest of the majors, however.\nCrypto.com CoinandLitecoinrallied by 10.53% and by 8.38% to lead the way, withEthereumrising by 6.06%.\nBinance Coin(+1.18%),Bitcoin Cash SV(+2.55%),Cardano’s ADA(+1.31%),Chainlink(+2.85%), Polkadot (+1.43%) and saw relatively modest gains on the day.\nIn the current week, the crypto total market cap fell to a Tuesday low $678.76bn before surging to a Saturday high $866.00bn. At the time of writing, the total market cap stood at $830.22bn.\nBitcoin’s dominance fell to a Monday low 69.13% before rising to a Saturday high 72.92%. At the time of writing, Bitcoin’s dominance stood at 72.62.\nAt the time of writing, Bitcoin was up by 0.82% to $32,447.9. A mixed start to the day saw Bitcoin fall to an early morning low $31,975.0 before rising to a high $32,501.0.\nBitcoin left the major support and resistance levels untested early on.\nElsewhere, it was a mixed start to the day.\nChainlink (+0.28%), Ethereum (+0.50%), and Litecoin (+0.54%) joined Bitcoin in the green, with Bitcoin Cash SV flat.\nIt was a bearish start for the rest of the majors, however.\nAt the time of writing, Crypto.com Coin was down by 7.52% to lead the way down.\nBitcoin would need to avoid a fall through the pivot level at $31,492 to bring the first major resistance level at $33,983 into play.\nSupport from the broader market would be needed for Bitcoin to break out from Saturday’s high $33,292.0.\nBarring an extended crypto rally, the first major resistance level and resistance at $34,000 would likely cap any upside.\nIn the event of another extended crypto rally, Bitcoin could test resistance at $36,000 before any pullback. The second major resistance level sits at $35,784.\nFailure to avoid a fall through the $31,492 pivot would bring the first major support level at $29,691 into play.\nBarring an extended crypto sell-off, Bitcoin should steer clear of sub-$29,000 levels. The second major support level sits at $27,200.\nThisarticlewas originally posted on FX Empire\n• USD/JPY Forex Technical Analysis – 102.886 is Trigger Point for Acceleration to Downside\n• U.S Mortgage Rates Rise in the Final Week of the Year\n• AUD/USD Forex Technical Analysis – Nearest Support .7649, Next Upside Target .7812\n• Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – January 2nd, 2021\n• COVID-19 Vaccine Update – The WHO Authorizes the Use of the Pfizer Inc. Vaccine\n• US Stock Market Overview – Stock Close the Year on an Up Note', 'Another day, another $1,000-plus increase in bitcoin’s price, bringing the leading cryptocurrency’s combined gains this new year to about $5,000.\n• The price ofbitcoinsurged past $34,000 for the first time ever early Sunday morning Eastern time, extending a record-setting holiday rally and adding an immediate exclamation point to the Bitcoin Network’s 12-year anniversary.\n• Once the price of the leading cryptocurrency crossed the $30,000 mark for the first time Saturday – something it had struggled to do for the previous couple
**Last 60 Days of Bitcoin's Closing Prices:**
[14133.71, 15579.85, 15565.88, 14833.75, 15479.57, 15332.32, 15290.90, 15701.34, 16276.34, 16317.81, 16068.14, 15955.59, 16716.11, 17645.41, 17804.01, 17817.09, 18621.31, 18642.23, 18370.00, 18364.12, 19107.46, 18732.12, 17150.62, 17108.40, 17717.41, 18177.48, 19625.84, 18803.00, 19201.09, 19445.40, 18699.77, 19154.23, 19345.12, 19191.63, 18321.14, 18553.92, 18264.99, 18058.90, 18803.66, 19142.38, 19246.64, 19417.08, 21310.60, 22805.16, 23137.96, 23869.83, 23477.29, 22803.08, 23783.03, 23241.35, 23735.95, 24664.79, 26437.04, 26272.29, 27084.81, 27362.44, 28840.95, 29001.72, 29374.15, 32127.27]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2021-01-03
**Financial & Commodity Data:**
- Gold Closing Price: $1893.10
- Crude Oil Closing Price: $48.52
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $594,588,339,093
- Hash Rate: 146085344.09830785
- Transaction Count: 359116.0
- Unique Addresses: 812749.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.93
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: NEW YORK, NY / ACCESSWIRE / November 23, 2020 /ALT 5 Sigma Inc., an emerging leader in blockchain-powered financial platforms, provides its daily digital instruments market summary for Bitcoin (BTC/USD), Ether (ETH/USD), Litecoin (LTC/USD).
Real-Time Market Data is available atwww.alt5pro.com, and Real-Time Market Data feed is also available atwww.alt5sigma.com.
ALT 5 Sigma Digital Instrument Market Summary for BTC, ETH, LTC, BCH
[["Digital Asset", "Pair", "Price", "24hr Chg", "7d Chg", "24/hr Volume", "MarketCap"], ["Bitcoin", "BTC/USD", "$18,388.41", "-$0.01", "$0.10", "$42,439 M", "$341,148 M"], ["Ethereum", "ETH/USD", "$599.86", "$0.05", "$0.30", "$27,195 M", "$68,114 M"], ["XRP", "XRP/USD", "$0.58", "$0.24", "$1.03", "$19,385 M", "$26,151 M"], ["Bitcoin Cash", "BCH/USD", "$315.52", "$0.09", "$0.26", "$5,013 M", "$5,863 M"], ["Litecoin", "LTC/USD", "$88.07", "$0.04", "$0.24", "$7,110 M", "$5,806 M"], ["Bitcoin SV", "BSV/USD", "$194.22", "$0.06", "$0.22", "$1,243 M", "$3,608 M"], ["EOS", "EOS/USD", "$3.37", "$0.09", "$0.31", "$5,265 M", "$3,161 M"], ["Stellar", "XLM/USD", "$0.12", "$0.12", "$0.45", "$743 M", "$2,503 M"], ["Monero", "XMR/USD", "$130.38", "$0.04", "$0.11", "$1,089 M", "$2,316 M"], ["Dash", "DASH/USD", "$94.23", "$0.03", "$0.16", "$649 M", "$926 M"]]
About ALT 5 Sigma Inc.
ALT 5 is a fintech company specializing in the development and deployment of digital assets trading and exchange platforms. Alt 5 was founded by financial industry specialists out of the necessity to provide the digital asset economy with security, accessibility, transparency, and compliance.
ALT 5 provides its clients the ability to buy, sell, and hold digital assets in a safe and secure environment deployed with the best practices of the financial industry. ALT 5's products and services are available to Banks, Broker-Dealers, Funds, Family Offices, Professional Traders, Retail Traders, Digital Asset Exchanges, Digital Asset Brokers, Blockchain Developers, and Financial Information Providers.
ALT 5's digital asset custodian services are secured by GardaWorld. GardaWorld is the world's largest privately-owned business solutions and security services company, offering cash management services.
For more information, visitwww.alt5sigma.com.
Contact:Andre BeauchesneTel. [email protected]
For more information on ALT 5 Pay, visitwww.alt5pay.comFor more information on ALT 5 Pro, visitwww.alt5pro.com
SOURCE:ALT 5 Sigma, Inc.
View source version on accesswire.com:https://www.accesswire.com/618070/ALT-5-Sigma-Digital-Instrument-Market-Summary-for-BTC-ETH-LTC-BCH...
- Reddit Posts (Sample): [['u/PunchingArianaGrande', "The Only Woman I've Ever Loved was my Former English Teacher in a Dream", 52, '2021-01-03 00:23', 'https://www.reddit.com/r/Bombstrap/comments/kp8c0y/the_only_woman_ive_ever_loved_was_my_former/', "My Day at the Zoo\n\nIt was just bright enough to see the animals, and just dark enough to not be seen by the staff. 7pm in the zoo. I had timed it perfectly, waiting for the zookeeper to walk to the next enclosure, and for the other visitors to move on with him. Now I was alone, and the rhinos were approaching the railing where I stood. I jumped up onto it, my ass hanging over the bar, 6 feet above the ground. I pulled down my trousers and my underpants. Hot shit slipped out of my ass, dropping with a splat onto the pile of rhino dung. Steam rose from the pile into the cool night sky. More shit plopped from my gaping ass into this same spot, splat splat splat, as the rhinos looked up at me with indifference. Stupid beasts I thought, such big horns and no sense of dignity. I continued to shit, but eventually became bored, and climbed down from the railing, pulling my trousers up as I did. I took one last look at the rhinos before I moved on. Two of them were staring mindlessly at the dung, while another was slowly trundling away. I walked away, and reached the chimpanzee enclosure.\n\n\nAgain I was alone. I peered into the glass, but could see no monkeys. I pressed my face against the glass, cupping my hands around my eyes, and squinted hard. Finally I saw one. I gestured to him “come here monkey, over here to the glass” with my hand, and reached into my coat pocket. When he arrived at the glass, I produced a cigarette, which I offered to him. He nodded, and I slipped the cigarette through a hole in the glass, which he carefully took into his mouth. I got out a cigarette for myself, and lit it with my lighter, taking a long drag before exhaling, blowing the smoke onto the glass. The monkey produced a set of matches from his fur, striking one against the glass and inhaling deeply while it ignited his cigarette, before blowing a cloud against the glass, just as I had. He shook the match to extinguish the flame, before taking the cigarette from his mouth, thumbing it thoughtfully as he leaned back, observing me as I enjoyed my own. A small chimp waddled over and looked up at the monkey; his son. He gave him a gentle pat on the head as he returned the cigarette to his lips, looking up at the evening sky, taking a deep drag as he watched the first stars of the night come into view from behind the clouds. With great ease he blew the smoke again from his mouth, and I watched it rise slowly, swirling and dancing in the gentle breeze, before dissipating completely. I too took a deep drag from my cigarette.\n\nThe small chimp was looking at me with wide black eyes. I looked up and blew black rings into the sky, then watched as the chimp stared up at the rings, the twinkling stars above reflecting in the deep dark pools of his eyes. His father joined me, and together we blew smoke rings into the sky, creating a spectacle, with small rings floating gently through larger rings, our rings joining and intertwining, passing through one another before emerging in new shapes, and disappearing again. We inhaled and exhaled deeply with skill and care, both of us responding to each other's moves and tricks, not in competition but in unison, as we let the crisp air flow through our lungs. Finally, we each blew a single ring which joined with the other, creating the symbol of infinity, which rose out of view without dissolving as the others had. The little chimp had fallen asleep. The monkey took his cigarette between two fingers, noticing it was almost completely spent, and took a final drag before tapping the ash into a small pile of stones, picking up his child, and extinguishing the stub with his foot. I did likewise, and we parted ways.\n\nThe zoo was closing, the last visitors walking slowly out as a contented murmur hung in the air. I walked through the turnstiles, and towards the orange glow of the filament bulb lamps which lined the street outside. A small crowd joined me at the bus stop, where I waited for 4 minutes before climbing on, dropping my change into the machine and taking my usual window seat in the middle row, downstairs. I sat and watched as we passed the usual traffic. The voice announced my stop, and I departed, taking a moment to look up at my apartment on the 14th floor, where the lights were on. I noticed a silhouette at the window, but it soon moved past. In the elevator up, muzak was playing.\n\nInside the apartment there was a smell of stir fry chicken with soy sauce, and I felt my mouth watering. That smells good, I said. My girlfriend Lindsey was inside the kitchen, but she didn't hear me. I repeated myself as I walked into the kitchen to join her. That smells good. I walked behind her chair and placed both hands on her shoulders, and she leaned her head back, smiling up at me. I bent down to kiss her and pushed my tongue into her mouth, savouring the kiss for fifteen seconds. She leaned back and continued her meal. I hope you like it, she said. It's your favourite after all. Yes, it does smell good, I said. I sat down opposite her and leaned forward for another kiss, and as our lips met I pushed my tongue into her mouth. I sat back and began to eat, the rich flavour of the soy sauce and the tender chicken teasing and tingling my taste buds. When I was finished I walked to the freezer, picking up a carton of lemon sorbet, which I took out on to the balcony, thanking Lindsey for the meal. I sat in the straw chair and she joined me, with a single spoon, and sat on my lap. We stared out at the skyline of the city, talking together and sharing the sorbet. It was ice cold and tangy, a refreshing dessert after the richness of the dinner. The conversation was similarly sharp.\n\nWe discussed literature, classical music, French cinema, and politics. Finally, at 11pm, we retired to the bedroom. Just before turning off the lights, she told me about her day. She works at a hospital, and today, two strange things had happened. A woman came into the emergency room with contusions on her neck, and two broken ankles. She had attempted to hang herself from a tree, but was too heavy, and the branch on which she had tied the rope had snapped. She had landed on her ankles and they both buckled under her considerable weight. Lindsey told me this woman's name. The second strange thing that had happened, involved herself. On the way to work, at the tram stop, she had given a homeless man some change. Later that day he arrived at the hospital, having stepped in front of the tram. She found no change in his pockets, but a small bag of crack. The homeless man was former president Bill Clinton.\nLindsey began to cry. I kissed her, pushing my tongue into her mouth, and fell asleep.\n\nIf I was to marry my former English teacher, we would be very happy in love. We would walk around holding hands and sometimes I would write stories for her, which she could grade and give me feedback on. Happy 2021 fellas keep stretching and twisting and don't forget to let rip a fat fart next time you're on public transport with sexy stupid teens... Give them a taste of reality (shit).\n\nI remember 2016 2017 MDE & MDB schizoposting. Now those were real men. I was so brainwashed and weak and stupid and cowardly and pathetic and spiteful but my schizoposts were really at their best ever level. Thankfully now I'm just balding and aimless, don't worry though I'm doing a good postgraduate degree and soon I'll be unemployed with meagre savings. My old idea that I might still do with my savings from wageslaving cleaning construction worker shit off of toilet seats is to go to an Eastern European country, or maybe just Amsterdam, pay for a hooker and film her. I could write a script for her to read naked I bet, and I could have her read me some chapters from my favourite books. I wonder what the hourly rate is, and how long it would take to read the Shadow of The Torturer? She could read the Jolenta / other girl parts and after every paragraph she could rub my shoulders and tell me she loves me. That's what I call money well spent.\n\nPlease share good altcoin recommendations, I've spent too long waiting for a BTC dip and I'm now on the verge of just FOMO'ing in with some chump change.\n\nPlease share your struggles over the past year in the comments and I will listen and respond just like old times when we were brothers, brothers with dreams.", 'https://www.reddit.com/r/Bombstrap/comments/kp8c0y/the_only_woman_ive_ever_loved_was_my_former/', 'kp8c0y', [['u/Falv', 29, '2021-01-03 00:47', 'https://www.reddit.com/r/Bombstrap/comments/kp8c0y/the_only_woman_ive_ever_loved_was_my_former/ghvl34e/', 'I read this. \n\n\nBig vibes on the old MDE days. Miss the schizo posting and community, need a place to just chill with my brothers living in the wacko times', 'kp8c0y'], ['u/PunchingArianaGrande', 22, '2021-01-03 00:56', 'https://www.reddit.com/r/Bombstrap/comments/kp8c0y/the_only_woman_ive_ever_loved_was_my_former/ghvm3nc/', "Man those were comfy times. I enjoyed riding the wave of ecstacy and optimism in 2016, then having a place to screech when I was getting pummelled in 2017 onwards. It's strange to think of now, it really seems like another world. A lot of users then seemed to exist on the edge and it looked like we might all be rocking there together, but it seems like we're getting pushed back into normal life now. Hopefully it'll all work out for the best, but a part of me would still like to have seen what it was like when we got to thrive in the world it seemed like we were heading into.", 'kp8c0y'], ['u/1LBFROZENGAHA', 16, '2021-01-03 02:26', 'https://www.reddit.com/r/Bombstrap/comments/kp8c0y/the_only_woman_ive_ever_loved_was_my_former/ghvw4td/', 'the sad thing about it is that means they won. they were successful. they br...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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31971.91, 33992.43, 36824.36, 39371.04, 40797.61, 40254.55, 38356.44, 35566.66, 33922.96, 37316.36
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
["TOKYO, Jan 4 (Reuters) - Bitcoin was trading at $32,990 in Asia on Monday, after soaring to a record high of $34,800 on Sunday.\nThe digital currency has advanced some 800% since mid-March as more traders and investors bet it is on its way to becoming a mainstream payment method.\nThe latest milestone for the world's most popular cryptocurrency comes less then three weeks after it crossed $20,000 for the first time ever on Dec. 16.\n(Reporting by Kevin Buckland; Editing by Jacqueline Wong)", "TOKYO, Jan 4 (Reuters) - Bitcoin was trading at $32,990 in Asia on Monday, after soaring to a record high of $34,800 on Sunday. The digital currency has advanced some 800% since mid-March as more traders and investors bet it is on its way to becoming a mainstream payment method. The latest milestone for the world's most popular cryptocurrency comes less then three weeks after it crossed $20,000 for the first time ever on Dec. 16. (Reporting by Kevin Buckland; Editing by Jacqueline Wong)", "TOKYO, Jan 4 (Reuters) - Bitcoin was trading at $32,990 in Asia on Monday, after soaring to a record high of $34,800 on Sunday.\nThe digital currency has advanced some 800% since mid-March as more traders and investors bet it is on its way to becoming a mainstream payment method.\nThe latest milestone for the world's most popular cryptocurrency comes less then three weeks after it crossed $20,000 for the first time ever on Dec. 16.\n(Reporting by Kevin Buckland; Editing by Jacqueline Wong)", 'Bitcoin, BTC to USD, rose by 2.43% on Sunday. Following on from a 9.65% rally on Saturday, Bitcoin ended the week up by 25.6% to $32,968.0.\nIt was a mixed start to the day. Bitcoin fell to an early morning intraday low $31,975.0 before making a move.\nSteering clear of the first major support level at $29,691, Bitcoin surged to a mid-morning intraday high and a new swing hi $34,873.0.\nBitcoin broke through the first major resistance level at $33,983 to test resistance at $35,000 before hitting reverse.\nThe reversal saw Bitcoin fall back to $32,200 levels before finding support.\nAvoiding negative territory, Bitcoin revisited $33,800 levels before falling back to sub-$33,000 levels. The first major resistance level at $33,983 had pinned Bitcoin back late in the day.\nThe near-term bullish trend remained intact, supported by the latest breakthrough to $34,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $15,794 to form a near-term bearish trend.\nAcross the rest of the majors, it was a mixed day on Sunday.\nCrypto.com Coinfell by 8.76% to buck the trend on the day.\nIt was a bullish day for the rest of the majors, however.\nEthereumsurged by 26.5% to lead the way.\nCardano’s ADA(+16.3%),Chainlink(+12.18%), andLitecoin(+17.8%) also impressed on the day.\nBinance Coin(+7.96%),Bitcoin Cash SV(+5.42%), Polkadot (+7.18%), andRipple’s XRP(+1.85%) trailed the front runners on the day.\nFor the week, it was a mixed bag for the crypto majors, however.\nEthereum and Polkadot surged by 43.3% and by 56.8% respectively to lead the way.\nBinance Coin (+23.0%), Cardano’s ADA (+33.7%), Chainlink (+12.9%), and Litecoin (+26.5%) also made solid gains.\nBitcoin Cash SV (+5.8%) and Crypto.com Coin (+3.5%) trailed the front runners with modest gains.\nRipple’s XRP fell by 20.6%, however, to buck the trend in the week.\nIn the week, the crypto total market cap fell to a Tuesday low $678.76bn before rising to a Sunday high $924.85bn. At the time of writing, the total market cap stood at $867.05bn.\nBitcoin’s dominance fell to a Monday low 69.13% before rising to a Sunday high 73.63%. At the time of writing, Bitcoin’s dominance stood at 70.14%.\nAt the time of writing, Bitcoin was down by 0.90% to $32,671.0. A mixed start to the day saw Bitcoin rise to an early morning high $33,054.4 before falling to a low $32.352.0.\nBitcoin left the major support and resistance levels untested early on.\nElsewhere, it was a mixed start to the day.\nBinance Coin (+0.37%), Cardano’s ADA (+4.73%), Chainlink (+2.44%), and Polkadot (+0.31%) found early support to buck the trend early on.\nIt was a bearish start for the rest of the majors, however.\nAt the time of writing, Bitcoin Cash SV was down by 2.62% to lead the way down.\nBitcoin would need to move through the pivot level at $33,272 to bring the first major resistance level at $34,569 into play.\nSupport from the broader market would be needed for Bitcoin to break back through to $34,000 levels.\nBarring an extended crypto rally, the first major resistance level and Sunday’s high $34,873.0 would likely cap any upside.\nIn the event of another extended crypto rally, Bitcoin could test resistance at $37,000 before any pullback. The second major resistance level sits at $36,170.\nFailure to move through the $36,272 pivot would bring the first major support level at $31,671 into play.\nBarring an extended crypto sell-off, Bitcoin should steer clear of sub-$31,000 levels. The second major support level sits at $30,374.\nThisarticlewas originally posted on FX Empire\n• Price of Gold Fundamental Weekly Forecast – Facing Stiff Competition from Other Investments\n• Natural Gas Price Fundamental Weekly Forecast – 10-14 Day Forecast Drives the Volatility; Sets the Weekly Tone\n• Emerging Asian Currencies Finish Year on Strong Note as Vaccine-Hope Raises Outlook for Global Economy\n• Manufacturing PMIs and U.S Politics to Put the EUR and the Greenback in Focus\n• EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – January 4th, 2021\n• Earnings to Watch Next Week: Carnival, RPM, Constellation Brands and Walgreens Boots Alliance in Focus', 'Bitcoin , BTC to USD, rose by 2.43% on Sunday. Following on from a 9.65% rally on Saturday, Bitcoin ended the week up by 25.6% to $32,968.0. It was a mixed start to the day. Bitcoin fell to an early morning intraday low $31,975.0 before making a move. Steering clear of the first major support level at $29,691, Bitcoin surged to a mid-morning intraday high and a new swing hi $34,873.0. Bitcoin broke through the first major resistance level at $33,983 to test resistance at $35,000 before hitting reverse. The reversal saw Bitcoin fall back to $32,200 levels before finding support. Avoiding negative territory, Bitcoin revisited $33,800 levels before falling back to sub-$33,000 levels. The first major resistance level at $33,983 had pinned Bitcoin back late in the day. The near-term bullish trend remained intact, supported by the latest breakthrough to $34,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $15,794 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was a mixed day on Sunday. Crypto.com Coin fell by 8.76% to buck the trend on the day. It was a bullish day for the rest of the majors, however. Ethereum surged by 26.5% to lead the way. Cardano’s ADA (+16.3%), Chainlink (+12.18%), and Litecoin (+17.8%) also impressed on the day. Binance Coin (+7.96%), Bitcoin Cash SV (+5.42%), Polkadot (+7.18%), and Ripple’s XRP (+1.85%) trailed the front runners on the day. For the week, it was a mixed bag for the crypto majors, however. Ethereum and Polkadot surged by 43.3% and by 56.8% respectively to lead the way. Binance Coin (+23.0%), Cardano’s ADA (+33.7%), Chainlink (+12.9%), and Litecoin (+26.5%) also made solid gains. Bitcoin Cash SV (+5.8%) and Crypto.com Coin (+3.5%) trailed the front runners with modest gains. Ripple’s XRP fell by 20.6%, however, to buck the trend in the week. In the week, the crypto total market cap fell to a Tuesday low $678.76bn before rising to a Sunday high $924.85bn. At the time of writing, the total market cap stood at $867.05bn. Story continues Bitcoin’s dominance fell to a Monday low 69.13% before rising to a Sunday high 73.63%. At the time of writing, Bitcoin’s dominance stood at 70.14%. This Morning At the time of writing, Bitcoin was down by 0.90% to $32,671.0. A mixed start to the day saw Bitcoin rise to an early morning high $33,054.4 before falling to a low $32.352.0. Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was a mixed start to the day. Binance Coin (+0.37%), Cardano’s ADA (+4.73%), Chainlink (+2.44%), and Polkadot (+0.31%) found early support to buck the trend early on. It was a bearish start for the rest of the majors, however. At the time of writing, Bitcoin Cash SV was down by 2.62% to lead the way down. For the Bitcoin Day Ahead Bitcoin would need to move through the pivot level at $33,272 to bring the first major resistance level at $34,569 into play. Support from the broader market would be needed for Bitcoin to break back through to $34,000 levels. Barring an extended crypto rally, the first major resistance level and Sunday’s high $34,873.0 would likely cap any upside. In the event of another extended crypto rally, Bitcoin could test resistance at $37,000 before any pullback. The second major resistance level sits at $36,170. Failure to move through the $36,272 pivot would bring the first major support level at $31,671 into play. Barring an extended crypto sell-off, Bitcoin should steer clear of sub-$31,000 levels. The second major support level sits at $30,374. This article was originally posted on FX Empire More From FXEMPIRE: Price of Gold Fundamental Weekly Forecast – Facing Stiff Competition from Other Investments Natural Gas Price Fundamental Weekly Forecast – 10-14 Day Forecast Drives the Volatility; Sets the Weekly Tone Emerging Asian Currencies Finish Year on Strong Note as Vaccine-Hope Raises Outlook for Global Economy Manufacturing PMIs and U.S Politics to Put the EUR and the Greenback in Focus EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – January 4th, 2021 Earnings to Watch Next Week: Carnival, RPM, Constellation Brands and Walgreens Boots Alliance in Focus', 'By Tom Wilson and Kevin Buckland LONDON/TOKYO (Reuters) - Bitcoin fell sharply on Monday, losing ground from a record high of $34,800 touched a
**Last 60 Days of Bitcoin's Closing Prices:**
[15579.85, 15565.88, 14833.75, 15479.57, 15332.32, 15290.90, 15701.34, 16276.34, 16317.81, 16068.14, 15955.59, 16716.11, 17645.41, 17804.01, 17817.09, 18621.31, 18642.23, 18370.00, 18364.12, 19107.46, 18732.12, 17150.62, 17108.40, 17717.41, 18177.48, 19625.84, 18803.00, 19201.09, 19445.40, 18699.77, 19154.23, 19345.12, 19191.63, 18321.14, 18553.92, 18264.99, 18058.90, 18803.66, 19142.38, 19246.64, 19417.08, 21310.60, 22805.16, 23137.96, 23869.83, 23477.29, 22803.08, 23783.03, 23241.35, 23735.95, 24664.79, 26437.04, 26272.29, 27084.81, 27362.44, 28840.95, 29001.72, 29374.15, 32127.27, 32782.02]
Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2021-01-04
**Financial & Commodity Data:**
- Gold Closing Price: $1944.70
- Crude Oil Closing Price: $47.62
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $594,588,339,093
- Hash Rate: 159954205.87979275
- Transaction Count: 373734.0
- Unique Addresses: 851667.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.94
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: As Chinese authorities make it harder than ever to exchange cryptocurrency into fiat, miners may be forced to move to other jurisdictions, local sources say. On Monday, crypto industry blogger Colin Wu tweeted that miners in China have been struggling to pay for electricity after the authorities started cracking down on over-the-counter (OTC) brokers in the country. The tweet notes that 74% of the miners surveyed told Wu that the payment of electricity bills has been greatly affected. China recently started blocking bank accounts and cards involved in purchases of cryptocurrency, and has investigated the two largest brokers, Zhao Dong and Xu Mingxing, Wu wrote in a blog post . Related: Custodian Anchorage Seeks Charter From Crypto-Friendly US Bank Regulator OCC Its currently a challenge for Chinese miners to convert bitcoin or tether into yuan because many people have had their bank accounts frozen when exchanging crypto for [renminbi] on OTC platforms, said Thomas Heller, formerly global business director at the mining pool F2Pool and now chief operation officer of mining and media firm HASHR8. As CoinDesk reported , in June, Chinese authorities ramped up efforts to block bank accounts that could be connected to illicit activities such as money laundering via cryptocurrency deals. It has always happened, but this year more than others, Heller told CoinDesk. I would say it has become more common in the last couple months. However, he played down the scale of any exodus of miners from China, even though HASHR8 is currently helping some operators to move their operations most to Russia but some to Kazakhstan. Related: SEC Chairman Jay Clayton Stepping Down at End of Year Most Chinese miners are mostly only familiar with the Chinese market, so its hard for them to move abroad and start mining, Heller explained. Its [the China OTC clampdown] another factor that may make overseas mining more attractive, however this alone is not enough to push them overseas. Rather, they would try to find some workarounds. Story continues Also read: Chinese Agency Scraps Plan to Eliminate Bitcoin Mining Industry In the meantime, some operators are unplugging their miners, Wu wrote in a blog post . There are also miners who said that their mining machines have been shut down for a month because they cannot sell the cryptocurrency to pay the electricity bill. Some OTC companies that specialize on serving mining firms have also terminated their business, Wu wrote. Most of the largest mining pools are based in China. An interactive map from Cambridge Universitys Centre for Alternative Finance shows that the nations miners currently account for almost 72% of the average monthly bitcoin hashrate, that is the computing power dedicated to supporting the network. Related Stories Chinas Crypto Miners Struggle to Pay Power Bills as Regulators Clamp Down on OTC Desks Chinas Crypto Miners Struggle to Pay Power Bills as Regulators Clamp Down on OTC Desks...
- Reddit Posts (Sample): [['u/jjfoad', 'Unpopular Opinion: The “I’m selling...” joke posts are getting really annoying', 2281, '2021-01-04 00:07', 'https://www.reddit.com/r/Bitcoin/comments/kpveev/unpopular_opinion_the_im_selling_joke_posts_are/', 'All these low effort “had me in the first half” posts are becoming more frequent and is really starting to flood the sub with unnecessary posts. \n\nI understand the memes, sure, but I seems like everyday there is a top post saying “I just sold... my fiat” “Now is the time of to get out... and buy more bitcoins” and it’s getting as annoying as the “minute-by-minute update on bitcoin price” post.\n\nI get everyone is excited that Bitcoin is at an All Time High and rightfully so but I’m finding it harder to find posts about analytics, wider adoption, emerging technologies and improving systems that are supporting bitcoin.', 'https://www.reddit.com/r/Bitcoin/comments/kpveev/unpopular_opinion_the_im_selling_joke_posts_are/', 'kpveev', [['u/macumazana', 49, '2021-01-04 00:14', 'https://www.reddit.com/r/Bitcoin/comments/kpveev/unpopular_opinion_the_im_selling_joke_posts_are/gi09nhq/', 'Guess it\'s time to simply pin a thread "I\'m selling..." So everyone who thinhs he has come up with the funniest joke ever could post it there amongst other equally (sic!) funny jokes without bothering others', 'kpveev'], ['u/operationco', 39, '2021-01-04 00:38', 'https://www.reddit.com/r/Bitcoin/comments/kpveev/unpopular_opinion_the_im_selling_joke_posts_are/gi0cptc/', 'Agreed. But they still have some heavy competition from the "Sorry guys it\'s going down because I bought" or "You can thank me for it going up, because I sold" jokes.', 'kpveev'], ['u/ChetTheCryptoChap', 312, '2021-01-04 00:38', 'https://www.reddit.com/r/Bitcoin/comments/kpveev/unpopular_opinion_the_im_selling_joke_posts_are/gi0cqw6/', "50 satoshi says it's the noobs.", 'kpveev'], ['u/mightyduck19', 131, '2021-01-04 01:30', 'https://www.reddit.com/r/Bitcoin/comments/kpveev/unpopular_opinion_the_im_selling_joke_posts_are/gi0jb1h/', 'Yeah just saw one....”I did my research and it’s just too risky to hold...fiat”\n\nWow. Fucking good one buster. So funny. Really original.', 'kpveev'], ['u/monxas', 10, '2021-01-04 01:44', 'https://www.reddit.com/r/Bitcoin/comments/kpveev/unpopular_opinion_the_im_selling_joke_posts_are/gi0l29n/', 'Well, I’d say the same thing about the posts that start with “unpopular opinion” so there’s that.', 'kpveev'], ['u/moonpumper', 259, '2021-01-04 01:58', 'https://www.reddit.com/r/Bitcoin/comments/kpveev/unpopular_opinion_the_im_selling_joke_posts_are/gi0mptt/', 'Popular opinion', 'kpveev'], ['u/davidonabus', 17, '2021-01-04 02:15', 'https://www.reddit.com/r/Bitcoin/comments/kpveev/unpopular_opinion_the_im_selling_joke_posts_are/gi0oqew/', "The non-joke versions are pretty bad too. You don't need to announce to the world that you've just sold in order to payoff your mortgage, or put food on the table, etc.", 'kpveev'], ['u/Extreme_Foundation_9', 14, '2021-01-04 02:22', 'https://www.reddit.com/r/Bitcoin/comments/kpveev/unpopular_opinion_the_im_selling_joke_posts_are/gi0ph2z/', 'I think it is nice when people post genuine stories (not bragging/being a jerk) about how cryptocurrency trading has helped them. \n\nWhen people are jerks about it, or too specific, it is a little awkward...', 'kpveev'], ['u/Hot-Canceld', 27, '2021-01-04 02:47', 'https://www.reddit.com/r/Bitcoin/comments/kpveev/unpopular_opinion_the_im_selling_joke_posts_are/gi0sgot/', "I’m finding it harder to find posts about analytics, wider adoption, emerging technologies and improving systems that are supporting bitcoin.\n\nyo I've been here over a year and I don't think this is the place for any of that", 'kpveev'], ['u/tumbleweed911', 72, '2021-01-04 03:26', 'https://www.reddit.com/r/Bitcoin/comments/kpveev/unpopular_opinion_the_im_selling_joke_posts_are/gi0x1gr/', 'You’re looking for posts about emerging technologies in this echo chamber? You’re in the wrong place.', 'kpveev'], ['u/PandaKOST', 11, '2021-01-04 03:45', 'https://www.reddit.com/r/Bitcoin/comments/kpveev/unpopular_opinion_the_im_selling_joke_posts_are/gi0zal5/', 'Unfortunately I’m not seeing street-level evidence of mass adoption, just Wall Street-level. The fee problem needs to be fixed. I used to send some mBTC to wikipedia and the like to show friends you could do micro transactions and talk about the possibilities, like maybe paying 1/100¢ per YouTube view or Reddit upvote directly to the creator. Sadly, this is not currently feasible given today’s transmission fees.', 'kpveev'], ['u/epollei', 12, '2021-01-04 04:48', 'https://www.reddit.com/r/Bitcoin/comments/kpveev/unpopular_opinion_the_im_selling_joke_posts_are/gi16cwe/', 'I was just about to comment this', 'kpveev'], ['u/Lycomedes', 19, '2021-01-04 06:15', 'https://www.reddit.com/r/Bitcoin/comments/kpveev/unpopular_opinion_the_im_selling_joke_posts_are/gi1fmf8/', "Where would you go? I used to be big into crypto and am back in the game, but there's so much that has happened in 4ish years. I'd love to have a place to read and catch up.", 'kpveev'], ['u/heptagon_h', 40, '2021-01-04 06:59', 'https://www.reddit.com/r/Bitcoin/comments/kpveev/unpopular_opinion_the_im_selling_joke_posts_are/gi1jhly/', 'i just decided to.....not take this bet and keep my sats to myself', 'kpveev'], ['u/Peterb88', 70, '2021-01-04 07:51', 'https://www.reddit.com/r/Bitcoin/comments/kpveev/unpopular_opinion_the_im_selling_joke_posts_are/gi1nhle/', 'True. Yesterday I was thinking we should have an r/BitcoinAdvanced like there is a beginners sub, which would not be memes but good info. \n\nEdit: Created the sub now :)', 'kpveev'], ['u/DrDic', 16, '2021-01-04 07:56', 'https://www.reddit.com/r/Bitcoin/comments/kpveev/unpopular_opinion_the_im_selling_joke_posts_are/gi1nwcw/', 'You just got your first sub', 'kpveev'], ['u/[deleted]', 12, '2021-01-04 08:46', 'https://www.reddit.com/r/Bitcoin/comments/kpveev/unpopular_opinion_the_im_selling_joke_posts_are/gi1rc14/', 'you should get used to the new meta, bitcoin is not a currency but an asset to store wealth\n\nand thats not me telling it, thats the "institutionals investors" that are driving the price up\n\nso, that\'s pretty much it. there is no analytics, no adoption, no emerging tech, this is the path it took and the path everyone wants (1 million bitcoin right?), thats what everyone here is happy for... \n\nSo I am welcome to get the downvotes of those who are posting "hold" in every thread and celebrating parabollic rise while at the same time thinking bitcoin will be actually used.\n\nIt\'s exactly as hal finney said, bitcoin will be for the big banks and govs to move money, we will have to settle for other alternatives (2nd layers) for payments', 'kpveev']]], ['u/Fe0mathar', 'Why You should be bullish on NEO', 77, '2021-01-04 00:22', 'https://www.reddit.com/r/NEO/comments/kpvo8f/why_you_should_be_bullish_on_neo/', ' In regards to recently posted very good article " **I am bullish on NEO**" \n[https://www.reddit.com/r/NEO/comments/kp0hq1/i\\_am\\_bullish\\_on\\_neo/](https://www.reddit.com/r/NEO/comments/kp0hq1/i_am_bullish_on_neo/) \nI shared my concerns about price actions as one of comments.\n\n It is undeniable fact, that every single person who have exposition at crypto market via NEO can feel a bit disappointed about current price action of the NEO token \n(participation in Flamingo minting phase is making it only wore).\n\nThis time, I would like to encourage you to get familiar with my personal opinion titled: \n**"Why You should be bullish on NEO"**\n\n&#x200B;\n\n[yes ! including price, stop being crying baby](https://preview.redd.it/ra5a65trs6961.png?width=934&format=png&auto=webp&s=e9a6fe22a3709ee12c9f5011c31da44f27dd3d35)\n\nPOPULAR OPINION = MOST LIKELY WRONG OPINION: \n I\'m personally quite surprised that adult people did not recognized yet this simple truth. Every single popular opinion about politics, religion or finances etc. is most likely wrong or contain only piece of objective truth. \nEquivalent of such opinion in crypto world which I can find everywhere from Discord to PornHub is: \n*"Tech of Block-chain is not relevant in regards to token value and followed price actions. It is market purely driven by hype, speculation moon, lambos and mystical "potential of project"*\n\n Now when I see this quote actually on paper I\'m even more amazed that it have to be explained. If you are a person who truly believe that era of FIAT money is coming to an end , is that reasonable to hold such position ?\n\n&#x200B;\n\n[Four legs good two legs bad - Just don\'t be a sheep who repeating what\'s heard](https://preview.redd.it/ao5jpxyct6961.jpg?width=750&format=pjpg&auto=webp&s=4be59ed21db613de05bc7c9a690b494c42ddeda3)\n\nWAIT A SEC: \n Dear Fe0mathar, we already know that and where does that leads us ??? \nBloody Dogecoin has flipped NEO !\n\nIndeed - that\'s the way it is. This market was never too rational and apparently there is plenty of money in existence which are awaiting for some allocation. \nI use to have saying:\n\n*"You don\'t need to believe in* ***success*** *of any particular crypto currency,* \n*but you should understand why FIAT currency will eventually* ***fail"***\n\nIt is true that currently crypto market is wild west for speculation so even if worst shit-coin will be listed on Coinbase and will receive news on CNBC that bitcoin Jesus (Judas) Roger Ver just bought it ,it will skyrocket in price. I believe that in 2021 we all have very last moment to answer this question:\n\n"Will it be like that for ever?"\n\nANSWER: \nIn order to answer this question we need to take history lesson. \n*“History may not repeat itself. But it rhymes.”* Mark Twain\n\n \n\n\n \n**Part 1 - Price comes in response to need not in response to will (Venezuela case):** \n\n\n[Strength\\/Price :-\\)](https://preview.redd.it/k5clte8ww6961.png?width=591&format...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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33992.43, 36824.36, 39371.04, 40797.61, 40254.55, 38356.44, 35566.66, 33922.96, 37316.36, 39187.33
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['By Caroline Valetkevitch NEW YORK (Reuters) -Global equity indexes mostly rose on Tuesday, with Wall Street rebounding from a weak start to the year, and oil prices settled up 5% after news that Saudi Arabia will make voluntary cuts to its oil output in February. Investors anxiously awaited the results of two Senate runoff races in the state of Georgia on Tuesday that are expected to determine the balance of power in Washington. A Democratic victory in both contests could tip control of the U.S. Senate away from Republicans, potentially boosting the agenda of Democratic President-elect Joe Biden. "Investors are taking a wait-and-see attitude ... There\'s a lot to be concerned about - not only in the U.S. with the elections but also because of the different strains of the virus that are now being reported around the globe," CFRA chief investment strategist Sam Stovall said. Georgia results are expected to be known by Wednesday morning, according to state officials. No Democrat has won a Senate race in Georgia in two decades, but opinion surveys show both races as exceedingly close. The start of vaccine rollouts boosted equities heading into the end of the year, and U.S. stocks ended 2020 at record highs. The discovery of a more contagious variant of the coronavirus and the latest virus-related restrictions have offset some of that optimism. Britain has begun its third national lockdown, and New York on Monday reported its first case of the coronavirus variant. The Dow Jones Industrial Average rose 167.71 points, or 0.55%, to close at 30,391.6, the S&P 500 gained 26.21 points, or 0.71%, to 3,726.86 and the Nasdaq Composite added 120.51 points, or 0.95%, to 12,818.96. The pan-European STOXX 600 index lost 0.19% and MSCI\'s gauge of stocks across the globe gained 0.62%. U.S. crude futures climbed 4.9% to settle at $49.93 a barrel. Brent crude futures also jumped 4.9%, settling at $53.60. Saudi Arabia pledged additional, voluntary oil output cuts of 1 million barrels per day (bpd) in February and March as part of a deal under which most producers from the Organization of the Petroleum Exporting Countries and allies will hold production steady in the face of new coronavirus lockdowns. Story continues In the currency markets, the dollar fell against a basket of major currencies in the wake of China\'s decision to lift its official yuan exchange rate by its highest margin since it abandoned a dollar peg in 2005. The Chinese move helped support demand for other currencies. In the offshore market, the yuan strengthened as far as 6.4419 for the first time since June 2018. It started the week at 6.4944. The British pound recovered from a tumble on Monday, when a surge in COVID-19 cases in the United Kingdom forced the nationwide lockdown until mid-February. The dollar index fell 0.418%, with the euro up 0.35% to $1.2291. Sterling was last trading at $1.362, up 0.38% on the day. Bitcoin traded at $34,077.96, up 6.41%, following a roller-coaster ride that took it to a record high of $34,800 on Sunday and a subsequent tumble to as low as $27,734 the following session. Spot gold added 0.4% to $1,949.46 an ounce. In the bond market, benchmark U.S. 10-year notes last fell 12/32 in price to yield 0.9549%, from 0.917% late on Monday. (Reporting by Caroline Valetkevitch in New YorkAdditional reporting by Marc Jones in London and Medha Singh and Devik Jain in Bengaluru and Stephanie Kelly in New YorkEditing by Sonya Hepinstall and Matthew Lewis)', 'By Caroline Valetkevitch\nNEW YORK (Reuters) -Global equity indexes mostly rose on Tuesday, with Wall Street rebounding from a weak start to the year, and oil prices settled up 5% after news that Saudi Arabia will make voluntary cuts to its oil output in February.\nInvestors anxiously awaited the results of two Senate runoff races in the state of Georgia on Tuesday that are expected to determine the balance of power in Washington.\nA Democratic victory in both contests could tip control of the U.S. Senate away from Republicans, potentially boosting the agenda of Democratic President-elect Joe Biden.\n"Investors are taking a wait-and-see attitude ... There\'s a lot to be concerned about - not only in the U.S. with the elections but also because of the different strains of the virus that are now being reported around the globe," CFRA chief investment strategist Sam Stovall said.\nGeorgia results are expected to be known by Wednesday morning, according to state officials. No Democrat has won a Senate race in Georgia in two decades, but opinion surveys show both races as exceedingly close.\nThe start of vaccine rollouts boosted equities heading into the end of the year, and U.S. stocks ended 2020 at record highs.\nThe discovery of a more contagious variant of the coronavirus and the latest virus-related restrictions have offset some of that optimism. Britain has begun its third national lockdown, and New York on Monday reported its first case of the coronavirus variant.\nThe Dow Jones Industrial Average rose 167.71 points, or 0.55%, to close at 30,391.6, the S&P 500 gained 26.21 points, or 0.71%, to 3,726.86 and the Nasdaq Composite added 120.51 points, or 0.95%, to 12,818.96.\nThe pan-European STOXX 600 index lost 0.19% and MSCI\'s gauge of stocks across the globe gained 0.62%.\nU.S. crude futures climbed 4.9% to settle at $49.93 a barrel. Brent crude futures also jumped 4.9%, settling at $53.60.\nSaudi Arabia pledged additional, voluntary oil output cuts of 1 million barrels per day (bpd) in February and March as part of a deal under which most producers from the Organization of the Petroleum Exporting Countries and allies will hold production steady in the face of new coronavirus lockdowns.\nIn the currency markets, the dollar fell against a basket of major currencies in the wake of China\'s decision to lift its official yuan exchange rate by its highest margin since it abandoned a dollar peg in 2005.\nThe Chinese move helped support demand for other currencies.\nIn the offshore market, the yuan strengthened as far as 6.4419 for the first time since June 2018. It started the week at 6.4944.\nThe British pound recovered from a tumble on Monday, when a surge in COVID-19 cases in the United Kingdom forced the nationwide lockdown until mid-February.\nThe dollar index fell 0.418%, with the euro up 0.35% to $1.2291. Sterling was last trading at $1.362, up 0.38% on the day.\nBitcoin traded at $34,077.96, up 6.41%, following a roller-coaster ride that took it to a record high of $34,800 on Sunday and a subsequent tumble to as low as $27,734 the following session.\nSpot gold added 0.4% to $1,949.46 an ounce.\nIn the bond market, benchmark U.S. 10-year notes last fell 12/32 in price to yield 0.9549%, from 0.917% late on Monday.\n(Reporting by Caroline Valetkevitch in New YorkAdditional reporting by Marc Jones in London and Medha Singh and Devik Jain in Bengaluru and Stephanie Kelly in New YorkEditing by Sonya Hepinstall and Matthew Lewis)', '* Dollar index rebounds from 2-1/2-year low as stocks retreat * Sterling under pressure after UK prime minister orders lockdown * Graphic: World FX rates in 2020 https://tmsnrt.rs/2RBWI5E By Kevin Buckland TOKYO, Jan 5 (Reuters) - The dollar found support as concerns about surging COVID-19 cases and uncertainty about U.S. runoff elections in Georgia fueled demand for safer assets. The greenback held gains from overnight in early Asian trading on Tuesday after U.S. stocks retreated from record highs at the start of the new year. The British pound was under pressure as Prime Minister Boris Johnson ordered a nationwide lockdown to try and slow a fast-spreading coronavirus variant. Sterling was little changed at $1.3572 early in the Asian session. It slid 0.73% on Monday, the most since Dec. 10, after earlier rising to $1.3703, a level not seen since May 2018. The dollar index was flat at 89.865 after rebounding Monday from a 2-1/2-year low of 89.415. "The dollar will continue to trade with the general risk sentiment," said Shinichiro Kadota, senior currency strategist at Barclays Capital in Tokyo. The dollar has seen some buying amid an increase in COVID cases and ahead of key U.S. Senate elections, he said, but ultimately "generally positive risk sentiment should continue this year, and with that dollar continues to weaken against riskier currencies." The fate of U.S. President-elect Joe Biden\'s agenda, including rewriting the tax code, boosting stimulus and infrastructure spending, hinges firmly on Tuesday\'s twin Senate races in the battleground state of Georgia that will determine control of the chamber. The safe-haven Japanese yen was little changed at 103.135 per dollar. It advanced to 102.715 on Monday, the strongest level since March, as Japan\'s prime minister said the government is considering a state of emergency for Tokyo amid a surge in coronavirus cases. The euro was steady at $1.22535 after reaching $1.231 on Monday for the first time since April 2018. Bitcoin traded at $32,860 following a roller-coaster ride to start the new year that took it to a record high of $34,800 on Sunday, followed by a tumble to as low as $27,734 the following session. ======================================================== Currency bid prices at 9:45AM (045 GMT) Description RIC Last U.S. Close Pct Change YTD Pct High Bid Low Bid Previous Change Session Euro/Dollar $1.2254 $1.2252 +0.03% +0.30% +1.2255 +1.2247 Dollar/Yen 103.1250 103.1750 -0.04% -0.15% +103.1750 +103.1350 Euro/Yen 126.37 126.33 +0.03% -0.43% +126.4000 +126.3200 Dollar/Swiss 0.8813 0.8812 +0.03% -0.36% +0.8816 +0.8815 Sterling/Dollar 1.3572 1.3562 +0.10% -0.64% +1.3577 +1.3562 Dollar/Canadian 1.2778 1.2775 +0.03% +0.35% +1.2788 +1.2778 Aussie/Dollar 0.7669 0.7665 +0.08% -0.28% +0.7672 +0.7661 NZ 0.7175 0.7175 +0.06% -0.03% +0.7178 +0.7170 Dollar/Dollar All spots Tokyo spots Europe spots Volatilities Tokyo Forex market info from BOJ (Reporting by Kevin Buckland; Editing by Sam Holmes)', '* Dollar index
**Last 60 Days of Bitcoin's Closing Prices:**
[15565.88, 14833.75, 15479.57, 15332.32, 15290.90, 15701.34, 16276.34, 16317.81, 16068.14, 15955.59, 16716.11, 17645.41, 17804.01, 17817.09, 18621.31, 18642.23, 18370.00, 18364.12, 19107.46, 18732.12, 17150.62, 17108.40, 17717.41, 18177.48, 19625.84, 18803.00, 19201.09, 19445.40, 18699.77, 19154.23, 19345.12, 19191.63, 18321.14, 18553.92, 18264.99, 18058.90, 18803.66, 19142.38, 19246.64, 19417.08, 21310.60, 22805.16, 23137.96, 23869.83, 23477.29, 22803.08, 23783.03, 23241.35, 23735.95, 24664.79, 26437.04, 26272.29, 27084.81, 27362.44, 28840.95, 29001.72, 29374.15, 32127.27, 32782.02, 31971.91]
Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2021-01-05
**Financial & Commodity Data:**
- Gold Closing Price: $1952.70
- Crude Oil Closing Price: $49.93
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $584,625,419,231
- Hash Rate: 145160753.31287554
- Transaction Count: 354091.0
- Unique Addresses: 845343.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.93
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Amiti Uttarwar opened Bitcoin’s code and froze. She was no stranger to programming languages. Studying information systems at Carnegie Mellon, she spent the first few years after graduation as full-stack developer for Silicon Valley startups. She was proficient in a half-dozen coding languages and had worked for five tech companies in her nascent career. She was working for Coinbase at the time. This article is part of CoinDesk’s Most Influential 2020 – a list of impactful people in crypto chosen by readers and staff. The NFT of the art, by Osinachi , is available for auction at The Nifty Gateway , with 50% of the sale going to charity. Related: Hayden Adams: King of the DeFi Degens But she had never read code like this. “At first I was in disbelief,” she told CoinDesk. “It’s an insanely intimidating project.” On Peter McCormack’s “What Bitcoin Did” podcast, she likened her baptism into Bitcoin Core – Bitcoin’s primary software version – as more of an introduction to Babel than a revelation. “Is this Arabaic? What do I do here? I was endlessly opening files going, ‘cool, cool, cool,’” she said, describing her first experience with Bitcoin Core. Related: Balaji Srinivasan: The Man Who Called COVID She doesn’t remember what led her to dip her toes into Bitcoin Core – or, as the backpacking Uttarwar would likely analogize, take the first step from the trailhead. But she does recall thinking whatever trail Bitcoin took her down would be a short trek, not a multi-year exploration. “At the time it just seemed another small thing I was learning about. I had no idea that it would blow up into my career and my passion,” she said. Four grants, hundreds of Github commits and a Forbes “30 Under 30” profile later, she was surely wrong about that. The first known woman to contribute to Bitcoin Core, she’s also the first woman to receive funding to work on Bitcoin Core full time. And she’s spending this opportunity to do more than improve Bitcoin’s code – she’s also mentoring the young, promising minds of Bitcoin’s next generation of developers. Story continues Her meteoric success as one of Bitcoin Core’s first fully funded developers – and as one of its brightest new minds for development and mentorship – earned her a spot in CoinDesk’s Most Influential list for 2020. Finding bitcoin Amiti Uttarwar, 28, was born to Indian-American immigrants into the burgeoning, buzzing techno-metropolis of 1990s Silicon Valley, California. After elementary school and high school she attended The Harker School, a renowned college prep school founded in San Jose in 1893. For college, she would study information systems at Carnegie Mellon University in Pittsburgh, spending her summers interning for a handful of tech startups. Returning home from Pennsylvania after receiving her degree, Uttarwar’s graduation threw her into Silicon Valley’s electric, break-it-until-you-make-it startup scene. She began her career as a full-stack developer, a term for a general-purpose position, which meant she “did what needed to be done” (and is a catch-all title Uttarwar “doesn’t really like”). Cutting her teeth at Wanelo, a commerce app marketed toward Generation Z patrons, she would move on to Simbi, an invite-only marketplace for freelancers where payment is made in time and skills, not money. A bit bohemian and a bit experimental with its approach to invoicing, Simbi was more in tune with Uttarwar’s own values than Wanelo, but she still wasn’t fully absorbed in her work. This was during 2017, a time when Bitcoin was tearing through all time highs and “suddenly everyone in San Francisco was working in ‘the blockchain scene,’” she said in a Forbes interview this summer. Eventually her own interest was piqued. Her first point of contact was a TED talk on blockchain and then (naturally) the Bitcoin white paper, authored by Satoshi Nakamoto. Having entered Bitcoin’s orbit, it wasn’t long before she was sucked in. I realized I couldn’t go back to a normal job. “I was never the type of person to do professional work outside of my job. I was the type of person who was like, ‘I have my job, and I’m happy that it ends.’ “In my free time I spend time in the mountains or play guitar [which are] more balancing activities. Falling down this rabbit whole was the first time I found myself devoting my free time to something so close to my work.” She began watching as many technical videos on Bitcoin as she could. Commuting home from work, she would sit on the BART – San Francisco’s transit system – with her eyes glued to her smartphone, another TED talk or explainer video dancing in technicolor on the screen. Her days became programmatic, precise. Not unlike Bitcoin itself, her every move was dictated by mathematical exactness. Every ticking second was planned, optimized and executed intentionally. Rise, eat, work, learn, sleep, repeat. “I got ultra cerebral about optimizing my life,” she told CoinDesk with a laugh. What was driving Uttarwar further down the rabbit hole was unlike any motivation she had encountered so far in her young career as a developer. “I was shocked at how much energy I had. I could spend an entire day at work and still want to look at Bitcoin code,” she expressed, saying how her social calendar soon became filled up with meetups at Stanford and Berkeley Bitcoin and blockchain clubs. This was at the same time as the 2016-2017 initial coin offering (ICO) boom and Uttarwar was “reading a lot of white papers, some of which were bulls**t,” she commented wryly. It was in these academic environments that she was exposed to the “more legitimate projects” and to the “fundamentals” underpinning Bitcoin. From here, her curiosity was aroused even more and her focus became “How can I get closer?” From Coinbase to Core The answer came from a lesson in perseverance. Uttarwar applied for a job at Coinbase, one of the hottest startups in a blooming crypto industry, shortly after she was not accepted into a 2018 residency at Chaincode Labs, a summer program in New York where promising Bitcoin developers research and develop with guidance from Chaincode’s engineers. While there, she was involved in a number of projects, including, in her words, the “definitely stressful … high-stakes” job of helping with a mammoth $1 billion transfer of Coinbase funds from an old “cold wallet” (an offline storage technique) to a new one. All the while, she continued to research and learn until eventually her passion would outgrow her paycheck. On a pivotal night for her career, she met Bitcoin Core developer and educator John Newbery at a developers dinner. She had laughed off the notion that she could work on Bitcoin Core full time, but Newbery wasn’t joking. “John Newberry created an opportunity, broke it down for me into related achievable steps. Once on-boarded, I was able meet new people, reach out, discuss ideas. Having that initial boost of confidence and some guidance for where to channel my initial efforts was enough to get me started and going.” Once she started, she “seized the opportunity obsessively,” she said. She received permission from her supervisor to take a sabbatical for a spot in Chaincode Lab’s coveted Bitcoin residency. No need for a third time. After being rejected the first go around, Uttarwar made the cut for Chaincode’s 2019 residency. At last, Amiti Uttarwar was finally getting closer. And after a summer laboring in the cryptic bowels of Bitcoin’s code, she returned to Coinbase when the residency was finished and knew her calling was working on Bitcoin in an open-source environment. “I realized I couldn’t go back to a normal job. I realized that this is what I want to spend all my time doing right now,” she said. She quit Coinbase in September of 2019 and threw herself into Bitcoin Core once again. It wasn’t long before she found a benefactor in Xapo, a crypto wallet and banking services company. Today, she’s still a free agent, and she’s still attracting funding. OKCoin and BitMEX jointly granted her $150,000 this year to continue her work on transaction relay privacy and automated testing procedures for code development. Going pro Uttarwar is one of the fortunate few of Bitcoin Core’s top echelon of coders who have received grants for their work. For the majority of Bitcoin’s short history, developers have worked on its open-source software on a volunteer basis. It hasn’t been until recent years that core developers have been paid to maintain and improve Bitcoin’s code. 2020 has been a watershed year for open-source Bitcoin development grants. The Human Rights Foundation has funded Chris Belcher, Gloria Zhao and others, and has secured more funding for 2021 from donors like Gemini. Other exchanges such as BitMEX and OKCoin have consistently funded developers since 2018. Square Crypto, the research and development arm of Jack Dorsey’s Square, has funded more than half a dozen developers. Other Bitcoin companies, including Blockstream and Chaincode Labs, have been funding Bitcoin development since the early days. Developers with access to funding, however, are definitely in the minority. Plenty of others work on Bitcoin Core or other Bitcoin software without hope of remuneration. Even the lucky ones who are funded are making less than they might if they worked for a tech company. Uttarwar, who is taking a “big pay cut” by working on Bitcoin, said there’s “no strong financial incentive” to undertake the laborious and inglorious work of Core development. The drive to do it, then, is the same thing that kept Uttarwar up at night researching when she still had her 9-to-5 job: raw passion. Perhaps this is why, as she says, “The hardest hurdle to overcome is the emotional one.” “Core development requires a solid understanding of the self and sustaining your intention which requires a lot of emotional regulation,” she continued. For those working on core full time, it’s “easy to get overwhelmed” and burned out. Bitcoin’s code is complex and making changes is a ...
- Reddit Posts (Sample): [['u/TangoBolshevik', '4 things I wish someone told me about trading crypto in 2017/2018', 171, '2021-01-05 00:05', 'https://www.reddit.com/r/CryptoCurrency/comments/kqkgsb/4_things_i_wish_someone_told_me_about_trading/', 'I bought my first lot of BTC at about $16k and ETH at $1200, about three years ago. My first few months (years?) in crypto SUCKED. Luckily, I stuck with things and am doing pretty well. Here are some things I wish I knew back then in case there are some new people here looking to get into it:\n\n1. Be clear about why you are buying crypto. Decide if you want to HODL or trade (you can do both) and stick to that strat. If you are buying because you believe in the tech, then you should not be selling...at all. The price will go up again, eventually. This requires discipline. I held through the COVID-19 dump in early 2020...just. The reality is crypto is a long game...think of it like you would if buying a house.\n2. If you decide to "trade" be aware that this is a market and the main players in the market (experienced traders with LOTS of money) are there to take your money. You are at a poker table with pro players. The odds are against you.\n3. When buying or selling any crypto, do the opposite of what your gut tells you. TA aside (and there is a lot to be said for understanding fundamentals of technical analysis), big green candles should be a sell signal (not a buy signal). Big red candles are probably a buy signal (not a sell signal). If the price is mooning and you think you should buy, don’t. You missed the opportunity. You just need to be patient. If you do FOMO in and the price drops soon after you buy, then you should definitely not sell. The price usually recovers anyway - it can be days, months or even years (ETH is yet to get back to its ATH).\n4. If you want to \'day trade\' with margin/leverage, set aside an amount you are prepared to lose and just trade off that in a seperate account. Never leverage off your entire holdings. It will cloud your decision making. It\'s possible to get pretty good returns on a 10x leverage with $500. I turned $500 into $5000 pretty easily (after losing about $1500 in the learning process). But BY FAR my biggest returns are from just HOLDING.', 'https://www.reddit.com/r/CryptoCurrency/comments/kqkgsb/4_things_i_wish_someone_told_me_about_trading/', 'kqkgsb', [['u/rndmsecretaccount', 155, '2021-01-05 00:13', 'https://www.reddit.com/r/CryptoCurrency/comments/kqkgsb/4_things_i_wish_someone_told_me_about_trading/gi4bu1y/', 'Most people\xa0overestimate what\xa0they can do\xa0in one\xa0year\xa0and underestimate what\xa0they can do in ten years.', 'kqkgsb'], ['u/BabyFight', 14, '2021-01-05 00:43', 'https://www.reddit.com/r/CryptoCurrency/comments/kqkgsb/4_things_i_wish_someone_told_me_about_trading/gi4fgyk/', 'Well said Mr. Hands of Steel. Entered around the same time as you, finally taking my shit coin losses for this years taxes to offset some profit taking, for the first time in years. I definitely got burned by chasing shitcoin FOMO pumps in the beginning and learned the value lesson of sticking to what I understand and staying away from the buzzwords. \n\nIt’ was a great lesson in financial management, and patience I could only get from experiencing the agony of watching my portfolio tank. It is a lesson many newcomers will Unfortunately experience in this bull and upcoming bear market(hopefully not too soon). \n\nFor me, the old adage still rings true, time in the market is better than timing the market. Even knowing that coming into the crypto market in 2017, I took some lumps. For those coming in fresh or thinking they are invincible because they’re seeing their portfolio 3x-10x in a matter of minutes to months, this is some sound advice just provided. Don’t let your brain trick you into over complicating a very complicated market. Hitting a few singles can add up just as much as swinging only for home runs. \n\nHappy and safe trading everyone! Hope we all cash in this cycle.\n\nEdit: some misspelling and grammatical errors. I’m sure I missed a few others.', 'kqkgsb'], ['u/discostuu72', 60, '2021-01-05 00:51', 'https://www.reddit.com/r/CryptoCurrency/comments/kqkgsb/4_things_i_wish_someone_told_me_about_trading/gi4ge6z/', 'Things that I\'ve learned.\n\n1. Disregard sentiment on r/CryptoCurrency. The opposite usually happens and normally the loudest attention seekers are the ones posting.\n2. Don\'t pay attention to any Youtube videos that claim to have "secrets" or twitter personalities or "verified crytpo experts/ entrepreneurs". All they want is your money. They\'ve bought in already and you will hold the bags\n3. Use reputable exchanges\n4. If you want to day trade, you will lose more than likely. I suggest you buy and hold. Its not sexy and you\'ll be tempted by "xx10005%%% gainz" but you\'ll most likely get burnt in the end.\n5. Find a project you like. I like a few different projects that are still around from 2017 that I\'m holding. Its nice to at least either earn/lose money on something you appreciate and can get behind.\n6. Bitcoin reigns supreme. No, it doesn\'t make sense. Bitcoin sucks ass. Its seriously terrible, no really it is. It\'s like your mom\'s new boyfriend. It has no redeeming qualities, is childish, and will rob you of your money if your not careful. At the end of the day you have to put up with it if you wanna enjoy the space.', 'kqkgsb'], ['u/firecoffee', 11, '2021-01-05 01:08', 'https://www.reddit.com/r/CryptoCurrency/comments/kqkgsb/4_things_i_wish_someone_told_me_about_trading/gi4ieg7/', '‘#3, really? BTC was mooning when it suddenly went up to $20k while chilling between 9-11k for months. Buying some at 15, 16, 17, etc., would’ve been an OK thing to do. #3 also goes against your #1.\n\nIMO you need to ask yourself two main questions if you’re in it for the long term.\n\n1. do you plan on holding it for a long time? 5 years? 10? X?\n\nIf so, accept that crypto is volatile as hell and DCA. You won’t be able to time it perfectly so just accept the fact that you’ll buy some when it’s low, some when it’s high, but most when it’s in between. It’s a boring strategy, but it’s the simplest way to go about it with the least amount of effort/emotion.\n\n2. are you relying on only crypto and no other investments?\n\nIf so, accept that your portfolio may get crushed or moon in a moments notice. This is obviously your risk tolerance. Put only what you can lose. Personally I only put around 5% of my entire portfolio in crypto. My thinking is that if crypto continues to blow up in price, I won’t have missed out on it entirely. But if it falls to nearly worthless, then it’s only 5% of my portfolio so I won’t have trouble sleeping.\n\nWe make mistakes because we make no plans. Then we put our emotions into our decisions which seldom works out well. Screw that. Just stay the course and care less about ATH, 20% drops, etc. and DCA if you’re in it LT.', 'kqkgsb'], ['u/TangoBolshevik', 12, '2021-01-05 01:32', 'https://www.reddit.com/r/CryptoCurrency/comments/kqkgsb/4_things_i_wish_someone_told_me_about_trading/gi4l5d6/', "This isn't just about BTC tho. I personally bought at those intervals. It's called dollar-cost averaging. The point I was making is don't FOMO in at the top of a LINK/BTC 4hr +10% green candle. I am sure we can agree on that.", 'kqkgsb'], ['u/TangoBolshevik', 53, '2021-01-05 01:34', 'https://www.reddit.com/r/CryptoCurrency/comments/kqkgsb/4_things_i_wish_someone_told_me_about_trading/gi4ldyt/', "You've basically summarised the post, in one paragraph.", 'kqkgsb'], ['u/JALEPENO_JALEPENO', 22, '2021-01-05 04:53', 'https://www.reddit.com/r/CryptoCurrency/comments/kqkgsb/4_things_i_wish_someone_told_me_about_trading/gi58dkl/', 'One sentence even', 'kqkgsb'], ['u/SlayBoredom', 11, '2021-01-05 07:51', 'https://www.reddit.com/r/CryptoCurrency/comments/kqkgsb/4_things_i_wish_someone_told_me_about_trading/gi5og1y/', "> Bitcoin reigns supreme. No, it doesn't make sense. Bitcoin sucks ass. Its seriously terrible, no really it is. It's like your mom's new boyfriend. It has no redeeming qualities, is childish, and will rob you of your money if your not careful. At the end of the day you have to put up with it if you wanna enjoy the space. \n\nAMEN BROTHER. I accept bitcoin for what it is. But people should stop being delusional and think this is the solution. There are and will be better and faster solutions for whatever problem bitcoin tries to solve. I'm not saying BTC will price will ever crash, but people should not be in love with a coin and think rationally. Thats how you make money.\n\nI remember when I first bought BTC. I paid so much fees and it was so slow to send from coinbase to bitfinex that I thought I lost it all, lol. At this moment I already realised that BTC is never going to be used in our daily lives.", 'kqkgsb']]], ['u/HolidayInternet', 'Tether Price Manipulation', 10, '2021-01-05 00:15', 'https://www.reddit.com/r/ethereum/comments/kqko6v/tether_price_manipulation/', "Hello everyone,\n\nbefore you go ahead and read this, I need to mention that I'm a long term Ethereum HODLer and that I strongly believe in the notion of cryptocurrency. The intention of this post is not to spread conspiracy theories, rather, its purpose is to encourage a legitimate discussion on the topic.\n\nTether has been manipulating Bitcoin's price upwards for years now by printing unlimited, and unbacked USDT. This thread will cover the controversial aspects surrounding Tether, and how it will eventually meet its demise.\n\n**A bit of a back story:** \nTether is a stable coin that was first launched in 2012. According to the company, Tether is backed 1:1 with the U.S dollar, although this isn't actually the case. Bitfinex, and Tether have refused to show audits of their reserves, which is held in offshore bank accounts.\n\nIn 2019, The United States District Court sued Bitfinex, Tether, and Poloniex for being involved in a mas...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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36824.36, 39371.04, 40797.61, 40254.55, 38356.44, 35566.66, 33922.96, 37316.36, 39187.33, 36825.37
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['By Imani Moise\nNEW YORK, Jan 5 (Reuters) - Asian stocks were mixed on Wednesday as investors anxiously awaited results of U.S. runoff elections that would determine the legislative balance of power in the world\'s largest economy while oil prices rose on news of planned output cuts.\nAdding to broader uncertainty in markets was the latest twist in a regulatory saga over whether the New York Stock Exchange would delist three Chinese telecom giants on security grounds.\nThe Shanghai SE Composite Index rose 0.73% on Tuesday after the NYSE said it would not delist the companies, however, a person familiar with the matter later said the market operator would restart delisting plans.\nIn Asia, futures for the S&P 500 fell 0.07%, Australian S&P/ASX 200 dipped 0.43% and Japan\'s Nikkei 225 inched up 0.1%.\nIn the United States, the tense runoff elections in the state of Georgia will decide whether President Elect Joe Biden will have the majority in the Senate he needs to support his agenda or if he will face gridlock in the early stages of his term.\nResults are due on Wednesday morning and analysts say Wall Street is likely set for a rally if Republicans win and a dip if Democrats gain control. Exit poll data on Tuesday suggested extremely tight contests.\n"A market pullback seems both reasonable and healthy. But stocks won’t plunge to zero because there is a countervailing positive here," said Phil Orlando, Chief Equity Market Strategist, Federated Hermes of a potential Democratic sweep.\n"A Biden honeymoon with Democratic Congress helmed by Nancy Pelosi and Charles Schumer would likely lead to more fiscal stimulus and infrastructure spending. That would serve as a temporary sugar high for stocks in 2021 before the bill comes due in 2022."\nBucking the trend in Asia, South Korea\'s main KOSPI index surpassed 3,000 for the first time, as investors looked towards a broad recovery in exports.\nWall Street trimmed earlier gains on Tuesday as political uncertainty and the discovery of a more contagious variant of the coronavirus in major hubs like New York City tempered bullishness about the vaccine roll out.\nThe Dow Jones Industrial Average rose 0.55%, the S&P 500 gained 0.71% and the Nasdaq Composite added 0.95%.\nMSCI\'s gauge of stocks across the globe gained 0.06%.\nEmerging market stocks rose 1.19%. MSCI\'s broadest index of Asia-Pacific shares outside Japan closed 0.04% higher, while Japan\'s Nikkei %.\nU.S. crude futures climbed 4.9% on Tuesday settling at $49.93 a barrel after Saudi Arabia pledged additional, voluntary oil output cuts. Brent crude futures also jumped 4.9%, settling at $53.60.\nThe dollar index fell 0.433%, against a basket of major currencies following China\'s decision to lift its official yuan exchange rate by its highest margin since it abandoned a dollar peg in 2005.\nThe benchmark U.S. 10-year notes last fell 12/32 in price to yield 0.9549%, from 0.917% late on Monday.\nBitcoin traded at $34,077.96, up 6.41%.\nSpot gold XAU= added 0.4% to $1,949.46 an ounce.\n(Reporting by Imani Moise; Editing by Sam Holmes)', 'By Imani Moise NEW YORK, Jan 5 (Reuters) - Asian stocks were mixed on Wednesday as investors anxiously awaited results of U.S. runoff elections that would determine the legislative balance of power in the world\'s largest economy while oil prices rose on news of planned output cuts. Adding to broader uncertainty in markets was the latest twist in a regulatory saga over whether the New York Stock Exchange would delist three Chinese telecom giants on security grounds. The Shanghai SE Composite Index rose 0.73% on Tuesday after the NYSE said it would not delist the companies, however, a person familiar with the matter later said the market operator would restart delisting plans. In Asia, futures for the S&P 500 fell 0.07%, Australian S&P/ASX 200 dipped 0.43% and Japan\'s Nikkei 225 inched up 0.1%. In the United States, the tense runoff elections in the state of Georgia will decide whether President Elect Joe Biden will have the majority in the Senate he needs to support his agenda or if he will face gridlock in the early stages of his term. Results are due on Wednesday morning and analysts say Wall Street is likely set for a rally if Republicans win and a dip if Democrats gain control. Exit poll data on Tuesday suggested extremely tight contests. "A market pullback seems both reasonable and healthy. But stocks won’t plunge to zero because there is a countervailing positive here," said Phil Orlando, Chief Equity Market Strategist, Federated Hermes of a potential Democratic sweep. "A Biden honeymoon with Democratic Congress helmed by Nancy Pelosi and Charles Schumer would likely lead to more fiscal stimulus and infrastructure spending. That would serve as a temporary sugar high for stocks in 2021 before the bill comes due in 2022." Bucking the trend in Asia, South Korea\'s main KOSPI index surpassed 3,000 for the first time, as investors looked towards a broad recovery in exports. Wall Street trimmed earlier gains on Tuesday as political uncertainty and the discovery of a more contagious variant of the coronavirus in major hubs like New York City tempered bullishness about the vaccine roll out. Story continues The Dow Jones Industrial Average rose 0.55%, the S&P 500 gained 0.71% and the Nasdaq Composite added 0.95%. MSCI\'s gauge of stocks across the globe gained 0.06%. Emerging market stocks rose 1.19%. MSCI\'s broadest index of Asia-Pacific shares outside Japan closed 0.04% higher, while Japan\'s Nikkei %. U.S. crude futures climbed 4.9% on Tuesday settling at $49.93 a barrel after Saudi Arabia pledged additional, voluntary oil output cuts. Brent crude futures also jumped 4.9%, settling at $53.60. The dollar index fell 0.433%, against a basket of major currencies following China\'s decision to lift its official yuan exchange rate by its highest margin since it abandoned a dollar peg in 2005. The benchmark U.S. 10-year notes last fell 12/32 in price to yield 0.9549%, from 0.917% late on Monday. Bitcoin traded at $34,077.96, up 6.41%. Spot gold XAU= added 0.4% to $1,949.46 an ounce. (Reporting by Imani Moise; Editing by Sam Holmes)', 'Not for distribution to U.S. newswire services or for dissemination in the United States . TORONTO, Jan. 05, 2021 (GLOBE NEWSWIRE) -- (TSX: QBTC, QBTC.U) The Bitcoin Fund (the \x93Fund\x94) is pleased to announce the Fund has completed private placements in November and December 2020, approved by the Toronto Stock Exchange (the \x93TSX\x94), aggregating 730,836 and 1,487,986 Class A units of the Fund (\x93Units\x94), respectively. Following a four-month holding period, investors in the private placements may elect to sell their Units on the TSX. Units are listed on the TSX under the symbol QBTC. The Fund seeks to provide unitholders of the Fund with (a) exposure to the digital currency bitcoin and the daily price movements of the U.S. dollar price of bitcoin and (b) the opportunity for long-term capital appreciation. The Fund acquires assets from reputable bitcoin trading platforms and OTC counterparties, in order to provide investors with a convenient and safer alternative to a direct investment in bitcoin. Gemini, a trust company licensed by the New York State Department of Financial Services, acts as sub-custodian of the Fund\x92s assets. 3iQ believes an investment in bitcoin will provide investors with a low-correlated asset class which will complement traditional investment strategies. 3iQ is the investment fund manager and portfolio manager of the Fund. About 3iQ Corp. Founded in 2012, 3iQ Corp. (\x933iQ\x94) is Canada\x92s largest digital asset investment fund manager with more than C$900 million in assets under management. 3iQ was the first Canadian investment fund manager to offer a public listed bitcoin investment fund, The Bitcoin Fund (TSX: QBTC ). Gaining access to digital assets such as bitcoin can be daunting, costly, and inconvenient. 3iQ offers investors convenient and familiar investment products to gain exposure to digital assets. For more information about 3iQ and The Bitcoin Fund, visit www.3iQ.ca or follow us on Twitter @3iQ_corp. Contact Information Fred Pye - Chairman and CEO E: [email protected] P: +1 (416) 639-2130 You will usually pay brokerage fees to your dealer if you purchase or sell units of the Fund on the Toronto Stock Exchange, the Gibraltar Stock Exchange or other alternative Canadian trading system (an \x93exchange\x94). If the units are purchased or sold on an exchange, investors may pay more than the current net asset value when buying units of the Fund and may receive less than the current net asset value when selling them. There are ongoing fees and expenses associated with owning units of an investment fund. An investment fund must prepare disclosure documents that contain key information about the fund. You can find more detailed information about the Fund in its public filings available at www.sedar.com. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated. Story continues Certain statements contained in this document constitute forward-looking information within the meaning of Canadian securities laws. Forward-looking information may relate to matters disclosed in this document and to other matters identified in public filings relating to the Fund, to the future outlook of the Fund and anticipated events or results and may include statements regarding the future financial performance of the Fund. In some cases, forward-looking information can be identified by terms such as \x93may\x94, \x93will\x94, \x93should\x94, \x93expect\x94, \x93plan\x94, \x93anticipate\x94, \x93believe\x94, \x93intend\x94, \x93estimate\x94, \x93predict\x94, \x93potential\x94, \x93continue\x94 or other similar expressions concerning matters that are not historical facts. Actual results may vary from such forward-looking information. Investors should not place undue reliance on forwar
**Last 60 Days of Bitcoin's Closing Prices:**
[14833.75, 15479.57, 15332.32, 15290.90, 15701.34, 16276.34, 16317.81, 16068.14, 15955.59, 16716.11, 17645.41, 17804.01, 17817.09, 18621.31, 18642.23, 18370.00, 18364.12, 19107.46, 18732.12, 17150.62, 17108.40, 17717.41, 18177.48, 19625.84, 18803.00, 19201.09, 19445.40, 18699.77, 19154.23, 19345.12, 19191.63, 18321.14, 18553.92, 18264.99, 18058.90, 18803.66, 19142.38, 19246.64, 19417.08, 21310.60, 22805.16, 23137.96, 23869.83, 23477.29, 22803.08, 23783.03, 23241.35, 23735.95, 24664.79, 26437.04, 26272.29, 27084.81, 27362.44, 28840.95, 29001.72, 29374.15, 32127.27, 32782.02, 31971.91, 33992.43]
Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2021-01-06
**Financial & Commodity Data:**
- Gold Closing Price: $1906.90
- Crude Oil Closing Price: $50.63
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $584,625,419,231
- Hash Rate: 163652569.02152207
- Transaction Count: 397384.0
- Unique Addresses: 924851.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.95
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: In the aftermath of a divisive U.S. presidential election that seems to mark the tail end of the 20th Century, I’m reminded of the daughters of the beginning of the Industrial Revolution. The “Mill Girls” of Lowell, Mass., made up 75% of all textile workers in the U.S. In the 1830s, they took jobs to put their brothers through college and feed their families. These young women, starting to work at age 15, were the fabric of their community’s economic production. It was the close-knit nature of their sisterhood that became what we now know as the American Federation of Labor and Congress of Industrial Organizations, the AFL-CIO. Labor has traditionally organized people in a common cause like union representation. Most of us have had to sell our labor for capital that someone else owns, giving us an incentive to work for common workplace standards. But that traditional labor-for-capital model has been joined by another driver of economic activity. Now our data is the labor that drives capital creation and distribution. And it’s time for us to take back what our communities are owed. James Felton Keith is the author of “Inclusionism,” founding president of the Data Union, and advisory board member at the Streamr Network. Related: Why Bitcoin Thrives (and Why It Won't Replace the Dollar) The Lowell organizing efforts were notable not only for the “unfeminine” participation of women, but also for the political framework used to appeal to the public. They warned that “the oppressing hand of avarice would enslave us.” They used this sentiment in an 1836 strike song. Oh! isn’t it a pity, such a pretty girl as I Should be sent to the factory to pine away and die? Oh! I cannot be a slave, I will not be a slave, Related: Crypto Execs Need Liability Insurance For I’m so fond of liberty, That I cannot be a slave . In the modern era newspapers, NGOs and government officials from every continent are asking, “Are we slaves to big data?” Unlike the community of mill women, we’re not organizing for wages, not alone, we’re organizing for income based on the value of our community-of-participants. The thread of our data is the seminal input to every company’s productivity. Story continues In the EU Last week, I received a leaked copy of the forthcoming European Data Governance Act (DGA). We anticipate some form of this legislation to pass the European Parliament in the March 2021 time frame. The legislation mentions “data unions” explicitly in sections 26 and 27. (26) An emerging variant are data cooperatives or data unions that seek to achieve a number of objectives… (27) …data cooperatives as intermediaries between data subjects and potential data users in the economy Data unions (or cooperatives or collectives or communities) are a relatively new-old concept for a new natural resource: personal data. Unlike its wage-based rival of time, data is what economists call a non-rival good, meaning multiple users can consume it at once. Per the language of Europe’s recently enacted privacy regulation (GDPR) both data controllers (big tech platforms) and data processors (lil’ app companies) can generate value on data about you and your community alongside other firms, in the words of rapper Future, At The Same Damn Time . Now our data is the labor that drives capital creation and distribution. And it’s time for us to take back what our communities are owed. There is a market failure here. All good markets produce adequate arbitrageurs (arbs), and in the current market the argument about 1) what data is, 2) the price of data and 3) who is owed it, is one-sided. One who engages in arbitrage, an individual or an institution, has a formal opinion on the value (i.e. price) of a good. In this case a good is your data. One example of a current data union is the software application Swash . The app provides transparency on the monetization of your browser data and in-turn provides the opportunity to offer a different opinion in price. This is where a data union gets interesting. If entity A (your browser) suggests that your data is worth an amount for their identifiable buyers and entity B (an app like Swash) suggests that your data is worth another amount, a third party can technically participate in the buyers market for your data to arb an actual price. See also: Ben Powers – The Web Wasn’t Built for Privacy, but It Could Be Another example of a current data union is the Data Dividend Project ’s attempt to litigate on behalf of what we call data subjects (people) to seek redress for mispricing or misuse of a particular community’s personal data through its technological or non-technological platform. The success of a data union seeking legal remedies would ideally trigger the implementation of a technological data union, like the app mentioned. Data unions can bring balance to a business case as exploitative as the music industry’s treatment of talent that puts their community’s culture on display. On the heels of the European Union passing the DGA, I am anticipating a wave of data cooperatives to pop up in an ad hoc way, based on the demand of visionary labor activists across all continents that host transnational companies. I’m aware of at least 50 data unions organizing in the shadows of the western world right now. Three ways There are three ways we can make data unions happen. Data Union as a Policy is a method of insisting that cooperatives of data subjects (individuals) exist, by elected officials and governmental bodies. Data Union as a Lawsuit is a method of data subjects suing data users (institutions) for redress in scenarios where there are claims by individuals for indemnification. Data Union as Tech is a method of embedding technologies that create a distribution mechanism for rightful compensation based on transactions between data subjects and users. In the 2020s, these three types of data union methods will fortify a new way of indemnifying people for their participation in the world. I think it’ll transform how people view economics, ethics and human rights. With the EU’s DGA passing, I expect to see dozens of organized labor groups adopt some form of data union approach. This generation will know that its #DataIsLabor. Related Stories Data Is Labor: Why We Need Data Unions Data Is Labor: Why We Need Data Unions...
- Reddit Posts (Sample): [['u/btcf6e7f6r7g656', 'Anyone else feel a rush when you send a BTC transaction?', 45, '2021-01-06 00:00', 'https://www.reddit.com/r/Bitcoin/comments/kra5dh/anyone_else_feel_a_rush_when_you_send_a_btc/', "As a holder I don't get to experience it much these days, but man I love the feeling.", 'https://www.reddit.com/r/Bitcoin/comments/kra5dh/anyone_else_feel_a_rush_when_you_send_a_btc/', 'kra5dh', [['u/fuyuasha', 19, '2021-01-06 00:09', 'https://www.reddit.com/r/Bitcoin/comments/kra5dh/anyone_else_feel_a_rush_when_you_send_a_btc/gi8lbh7/', '"Sex is great but ..." ;-)', 'kra5dh'], ['u/senfmeister', 12, '2021-01-06 01:28', 'https://www.reddit.com/r/Bitcoin/comments/kra5dh/anyone_else_feel_a_rush_when_you_send_a_btc/gi8wn4w/', 'Send a 1 sat/byte transaction and you can experience another interesting feeling. :-D', 'kra5dh']]], ['u/SaladBob22', 'Took out equity in my home to pay off high interest debt, and buy Bitcoin in November. Made my money back and then some. HODL till the end.', 81, '2021-01-06 00:04', 'https://www.reddit.com/r/Bitcoin/comments/kra8nz/took_out_equity_in_my_home_to_pay_off_high/', 'I see a lot of people paying of their mortgage with BTC. That\'s great, that\'s fine. I did the reverse. It\'s "risky" I know all the B.S. But if BTC crashes and never returns, I\'ll have no regrets. I\'ll take the risk, and be happy knowing I believed in something and went for it. I\'d much rather live with a regret of going with my intuition and not having it pan out, than ignoring it, and later wishing I had for the rest of my life. Money lost is a lot less painful than an opportunity missed.\n\n- - - edit - - -\n\nI didn’t technically make my money back. I should say, if I sold today, I would. But I’m HODLing till the end.', 'https://www.reddit.com/r/Bitcoin/comments/kra8nz/took_out_equity_in_my_home_to_pay_off_high/', 'kra8nz', [['u/CraftyMuthafucka', 13, '2021-01-06 00:07', 'https://www.reddit.com/r/Bitcoin/comments/kra8nz/took_out_equity_in_my_home_to_pay_off_high/gi8l052/', 'I did something similar, and for similar reasons.\n\nI believe I’m right, and I’m willing to take a risk. If I’m wrong, oh well. But I’m not gonna sit on the sidelines.', 'kra8nz'], ['u/ddndnnnd', 13, '2021-01-06 00:08', 'https://www.reddit.com/r/Bitcoin/comments/kra8nz/took_out_equity_in_my_home_to_pay_off_high/gi8l4sr/', "i sold my whole life for bitcoin im in. if it goes under and im homeless i'll still sit there everyday hodling something even if it's just a bottle of wine.", 'kra8nz'], ['u/[deleted]', 11, '2021-01-06 00:14', 'https://www.reddit.com/r/Bitcoin/comments/kra8nz/took_out_equity_in_my_home_to_pay_off_high/gi8m4f1/', "If you hodl you didn't make any money yet.", 'kra8nz'], ['u/SaladBob22', 14, '2021-01-06 00:24', 'https://www.reddit.com/r/Bitcoin/comments/kra8nz/took_out_equity_in_my_home_to_pay_off_high/gi8ni1r/', 'My net worth did. Of course that can plummet. Don’t give a fuck. Long term I’m certain we’ll be in 500k and 1 million range. So not concerned about short term crashes or dips. How much Bitcoin I own matters much more than it’s current FIAT value to me.', 'kra8nz'], ['u/wingsofthygiant', 10, '2021-01-06 00:55', 'https://www.reddit.com/r/Bitcoin/comments/kra8nz/took_out_equity_in_my_home_to_pay_off_high/gi8s1p0/', 'I put my $600 stimulus check in Bitcoin and my wife lost her shit... she does have a point tho, she always tells me that she’s not comfortable with the risk, and that’s fine, but just like you I believe I’m right and I’m willing to take this very very very small risk. That stimulus is now worth $800, and she still refuses to believe in it. One day we will look back at these decisions, look at the eyes of those who said “don’t do it” and finally say “I am glad I did it”. We just need to get there and HODL!', 'kra8nz'], ['u/americanarmyknife', 10, '2021-01-06 01:48', 'https://www.reddit.com/r/Bitcoin/comments/kra8nz/took_out_equity_in_my_home_to_pay_off_high/gi8z44u/', 'This is the way. What matters is you leveraged low-interest lump sum to get in early. Paying off the high-interest debt was also smooth. Keep up the good work.', 'kra8nz']]], ['u/hidao-win', 'Product Availability worldwide update for WtR Unlimited and AR Unlimited', 38, '2021-01-06 00:08', 'https://www.reddit.com/r/FABTCG/comments/krab79/product_availability_worldwide_update_for_wtr/', '[https://fabtcg.com/articles/product-availability-update/](https://fabtcg.com/articles/product-availability-update/)\n\n&#x200B;\n\nProduct Availability worldwide update for WtR Unlimited and AR Unlimited', 'https://www.reddit.com/r/FABTCG/comments/krab79/product_availability_worldwide_update_for_wtr/', 'krab79', [['u/urzathegreat', 12, '2021-01-06 01:01', 'https://www.reddit.com/r/FABTCG/comments/krab79/product_availability_worldwide_update_for_wtr/gi8sxvo/', "about time. there's no way im paying the current inflated prices. hopefully everyone on ebay will go back to the normal pricing and i can take advantage of the next ebay bonus bucks promo! yay to more F&B cards!", 'krab79']]], ['u/mattya232', 'How to buy and use BITCOIN on offshore books!!!', 34, '2021-01-06 00:10', 'https://www.reddit.com/r/sportsbook/comments/kradfb/how_to_buy_and_use_bitcoin_on_offshore_books/', 'I wanted to create this post because I see everywhere people wondering how to use Bitcoin to deposit into sportsbooks. I use to think it was so hard but once I learned how to it was the easiest thing ever. I would love to teach others how to actually purchase BTC and deposit it to bet.\n\nThe first way is to use Coinbase.\n\nStep 1) The first step is to buy BTC on Coinbase either with ur card or bank account. Only issues is u have to wait sometimes a few days to receive the BTC if you pay with your bank. (Instant if you use debit card) \n\n\nStep 2) The next step isn’t needed but I like to the deposit the BTC from my Coinbase account into Coinbase pro on a web browser. Just log into the same Coinbase account and hit deposit and click from Coinbase account. (apparently less fees when sending to your wallet from Coinbase pro than Coinbase.) \n\n\nStep 3) This is the most important step which is to use a BTC wallet which will act as a “middle man” between the exchange your purchased your BTC on and the sportsbook. I have been using Blockhain wallet on the iOS store. Very simple, easy, and safe. Here you will withdraw your BTC from Coinbase pro account or Coinbase and you will send it to the address your Blockchain wallet provides. \n\n\nStep 4) Once received in your Blockchain wallet, all you do is then send the BTC from your wallet to the address that is on your sportsbook when you hit “deposit with Bitcoin.”\n\n\nThis is the simplest way I have found to deposit and bet on offshore websites. It’s so much easier using BTC than a debit or credit card that could get comprised. \n\n\nYou can also use Cashapp which you should get your BTC instantly. \n\n\nStep 1) Buy BTC on cash app.\n\n\nStep 2) Send the BTC from cashapp to your BTC wallet. Again I like using Blockchain if you have an iPhone. Works great.\n\n\nStep 3) Then from the blockchain wallet you send to \nyour sportsbook BTC deposit address. Simple as that!\n\n\nI hope this helps some of you out who want to learn how to use BTC instead of your debit or credit cards. Once I learned how simple and easy this was, I will never use any other way.\n\nEDIT: Cashapp seems to be the best for instant purchases. On Coinbase you have to wait a few days when purchased with bank account. Debit card is instant, however most banks don’t allow this to work.', 'https://www.reddit.com/r/sportsbook/comments/kradfb/how_to_buy_and_use_bitcoin_on_offshore_books/', 'kradfb', [['u/notreal1121', 14, '2021-01-06 01:03', 'https://www.reddit.com/r/sportsbook/comments/kradfb/how_to_buy_and_use_bitcoin_on_offshore_books/gi8tbzu/', 'Cashapp is perfect', 'kradfb']]], ['u/SirTuffers', 'I know wen moon', 34, '2021-01-06 00:44', 'https://www.reddit.com/r/IOTAmarkets/comments/krb1r6/i_know_wen_moon/', "Moon comes from retail investor frenzy. When your Grandma was asking at Christmas 2017 whether to invest in bitcoin, THAT'S when you knew it was time to sell. When bitcoin had pumped so much that your average Joe was starting to take note, that's when we saw huge altcoin gains, and that's when we saw the peak. That's when IOTA gains were realised.\n\nAt the moment we are in rapid accumulation phase. Wall Street has already filled their bags, they've been continuously doing that over the past few months. Now they plan to pump up their investment to the point that Joe starts getting interested. Once Joe's taken the bait, they will dump. \n\nI think (genuinely, I must add) that bitcoin is going to push past 100k in the next couple months. That's when lots of people will start getting interested. Media will stir the pot. From 100k onwards, we will see a parabolic rise as more people try and jump in on the act. \n\nI see 200-500k as the target. The following crash would be brutal for Joe. However, if he holds his investment for another 5-10 years, Bitcoin will recover to that same price.\n\nSo... IOTA moon when? When Joe starts getting interested.", 'https://www.reddit.com/r/IOTAmarkets/comments/krb1r6/i_know_wen_moon/', 'krb1r6', [['u/dios_mediante', 29, '2021-01-06 01:26', 'https://www.reddit.com/r/IOTAmarkets/comments/krb1r6/i_know_wen_moon/gi8we90/', 'this is joe and joe is interested.', 'krb1r6'], ['u/muchosiotas', 24, '2021-01-06 01:34', 'https://www.reddit.com/r/IOTAmarkets/comments/krb1r6/i_know_wen_moon/gi8xdmc/', 'Bear market confirmed', 'krb1r6']]], ['u/HeroicLife', 'IamA manager of a Bitcoin/cryptocurrency hedge fund AMA!', 31, '2021-01-06 00:45', 'https://www.reddit.com/r/IAmA/comments/krb2bi/iama_manager_of_a_bitcoincryptocurrency_hedge/', "* I am a Managing Partner of a cryptocurrency (Bitcoin, etc) hedge fund.\n* My partners and I founded the fund in 2017, it has been modestly successful.\n* My focus is on the crypto side - research, custody, security,...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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39371.04, 40797.61, 40254.55, 38356.44, 35566.66, 33922.96, 37316.36, 39187.33, 36825.37, 36178.14
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['By Rodrigo Campos\nNEW YORK (Reuters) -Bond prices dropped and stocks hit record highs on Thursday as investors bet Democratic control of the U.S. Congress would enable President-elect Joe Biden to borrow and spend heavily, while higher yields helped a bruised dollar recover from near three-year lows.\nThe bullish sentiment remained throughout the day even as the top two Democrats in Congress called for President Donald Trump to be removed from office, one day after his supporters stormed and vandalized the U.S. Capitol in a rampage that left four people dead.\nU.S. Treasuries prices extended their steepest sell-off in months, with the benchmark yield at its highest in 10 months. Victories in two Georgia races handed the Democratic Party narrow control of the U.S. Senate, bolstering Biden\'s power to pass his agenda with his party controlling both chambers.\nThe MSCI world equity index, which tracks shares in almost 50 countries, rose more than 1% to hit a record high for the third session this week.\nAfter a shaken Congress formally certified Biden\'s election victory in the early hours of Thursday, Wall Street focused on the implications of the Democrats\' control of Congress. Major indexes hit record highs on bets that more pandemic stimulus will help the economy ride out the downturn.\n"The market is now looking past Trump and it\'s looking forward to a Biden presidency, more structure and stimulus," said Dennis Dick, a trader at Bright Trading LLC.\n"A Democratic Congress is going to obviously be more concerned about the small businesses, and the Main Street."\nThe Dow Jones Industrial Average rose 211.73 points, or 0.69%, to 31,041.13, the S&P 500 gained 55.65 points, or 1.48%, to 3,803.79 and the Nasdaq Composite added 326.69 points, or 2.56%, to 13,067.48.\nThe pan-European STOXX 600 index rose 0.51% and MSCI\'s gauge of stocks across the globe gained 1.18%. Emerging market stocks rose 0.53%.\nEarlier, MSCI\'s broadest index of Asia-Pacific shares outside Japan had risen 0.35% and Japan\'s Nikkei hit its intraday highest since 1990 before ending up 1.6%.\nThe prospect for future stimulus spending sent bond prices lower, with the yield on the benchmark hitting its highest since March. It rose as high as 1.088% on Thursday. [US/]\n"The Georgia Senate elections just added a tailwind to existing trends of reflation and upward pressure on Treasury yields," said Bill Merz, head of fixed income research at U.S. Bank Wealth Management in Minneapolis.\nBenchmark 10-year notes last fell 12/32 in price to yield 1.0812%, from 1.042% late on Wednesday.\nThe 30-year bond last fell 27/32 in price to yield 1.859%, from 1.821%.\nBRUISED DOLLAR\nThe Democrats\' victory also reverberated in currency markets.\nThe dollar had sunk to a near three-year low against a basket of six major currencies, with traders betting growing U.S. trade and budget deficits would further weigh on the greenback.\nOn Thursday, it rose 0.549%, on track for its strongest session since at least late October, with the euro down 0.02% to $1.2268.\nThe Japanese yen strengthened 0.01% versus the greenback at 103.78 per dollar, while Sterling was last trading at $1.3564, up 0.01% on the day.\n"Once (Treasury yields) start to move, as they did yesterday, it wasn’t a big move but it was in the right direction, that is the direction of the future," said Joseph Trevisani, senior analyst at FXStreet.com.\nOil prices touched their highest since late February as markets remained focused on Saudi Arabia\'s unexpected pledge to deepen its oil cuts.\nU.S. crude recently rose 0.57% to $50.92 per barrel and Brent was at $54.57, up 0.5% on the day.\nSpot gold % to $1,913.07 an ounce. Silver gained 0.19% to $27.16.\nBitcoin hit a record high that breached the $40,000 mark, and was last up 7.05% at $39,446.75.\n(Reporting by Rodrigo Campos; additional reporting by Tom Wilson and Noah Browning in London, Laura Sanicola, Herbert Lash and Chuck Mikolajczak in New York and Karen Pierog in Chicago; Editing by Alistair Bell, Nick Zieminski and Dan Grebler)', 'By Rodrigo Campos NEW YORK (Reuters) -Bond prices dropped and stocks hit record highs on Thursday as investors bet Democratic control of the U.S. Congress would enable President-elect Joe Biden to borrow and spend heavily, while higher yields helped a bruised dollar recover from near three-year lows. The bullish sentiment remained throughout the day even as the top two Democrats in Congress called for President Donald Trump to be removed from office, one day after his supporters stormed and vandalized the U.S. Capitol in a rampage that left four people dead. U.S. Treasuries prices extended their steepest sell-off in months, with the benchmark yield at its highest in 10 months. Victories in two Georgia races handed the Democratic Party narrow control of the U.S. Senate, bolstering Biden\'s power to pass his agenda with his party controlling both chambers. The MSCI world equity index, which tracks shares in almost 50 countries, rose more than 1% to hit a record high for the third session this week. After a shaken Congress formally certified Biden\'s election victory in the early hours of Thursday, Wall Street focused on the implications of the Democrats\' control of Congress. Major indexes hit record highs on bets that more pandemic stimulus will help the economy ride out the downturn. "The market is now looking past Trump and it\'s looking forward to a Biden presidency, more structure and stimulus," said Dennis Dick, a trader at Bright Trading LLC. "A Democratic Congress is going to obviously be more concerned about the small businesses, and the Main Street." The Dow Jones Industrial Average rose 211.73 points, or 0.69%, to 31,041.13, the S&P 500 gained 55.65 points, or 1.48%, to 3,803.79 and the Nasdaq Composite added 326.69 points, or 2.56%, to 13,067.48. The pan-European STOXX 600 index rose 0.51% and MSCI\'s gauge of stocks across the globe gained 1.18%. Emerging market stocks rose 0.53%. Earlier, MSCI\'s broadest index of Asia-Pacific shares outside Japan had risen 0.35% and Japan\'s Nikkei hit its intraday highest since 1990 before ending up 1.6%. Story continues The prospect for future stimulus spending sent bond prices lower, with the yield on the benchmark hitting its highest since March. It rose as high as 1.088% on Thursday. [US/] "The Georgia Senate elections just added a tailwind to existing trends of reflation and upward pressure on Treasury yields," said Bill Merz, head of fixed income research at U.S. Bank Wealth Management in Minneapolis. Benchmark 10-year notes last fell 12/32 in price to yield 1.0812%, from 1.042% late on Wednesday. The 30-year bond last fell 27/32 in price to yield 1.859%, from 1.821%. BRUISED DOLLAR The Democrats\' victory also reverberated in currency markets. The dollar had sunk to a near three-year low against a basket of six major currencies, with traders betting growing U.S. trade and budget deficits would further weigh on the greenback. On Thursday, it rose 0.549%, on track for its strongest session since at least late October, with the euro down 0.02% to $1.2268. The Japanese yen strengthened 0.01% versus the greenback at 103.78 per dollar, while Sterling was last trading at $1.3564, up 0.01% on the day. "Once (Treasury yields) start to move, as they did yesterday, it wasn’t a big move but it was in the right direction, that is the direction of the future," said Joseph Trevisani, senior analyst at FXStreet.com. Oil prices touched their highest since late February as markets remained focused on Saudi Arabia\'s unexpected pledge to deepen its oil cuts. U.S. crude recently rose 0.57% to $50.92 per barrel and Brent was at $54.57, up 0.5% on the day. Spot gold % to $1,913.07 an ounce. Silver gained 0.19% to $27.16. Bitcoin hit a record high that breached the $40,000 mark, and was last up 7.05% at $39,446.75. (Reporting by Rodrigo Campos; additional reporting by Tom Wilson and Noah Browning in London, Laura Sanicola, Herbert Lash and Chuck Mikolajczak in New York and Karen Pierog in Chicago; Editing by Alistair Bell, Nick Zieminski and Dan Grebler)', 'By Rodrigo Campos NEW YORK (Reuters) -Bond prices dropped and stocks hit record highs on Thursday as investors bet Democratic control of the U.S. Congress would enable President-elect Joe Biden to borrow and spend heavily, while higher yields helped a bruised dollar recover from near three-year lows. The bullish sentiment remained throughout the day even as the top two Democrats in Congress called for President Donald Trump to be removed from office, one day after his supporters stormed and vandalized the U.S. Capitol in a rampage that left four people dead. U.S. Treasuries prices extended their steepest sell-off in months, with the benchmark yield at its highest in 10 months. Victories in two Georgia races handed the Democratic Party narrow control of the U.S. Senate, bolstering Biden\'s power to pass his agenda with his party controlling both chambers. The MSCI world equity index, which tracks shares in almost 50 countries, rose more than 1% to hit a record high for the third session this week. After a shaken Congress formally certified Biden\'s election victory in the early hours of Thursday, Wall Street focused on the implications of the Democrats\' control of Congress. Major indexes hit record highs on bets that more pandemic stimulus will help the economy ride out the downturn. "The market is now looking past Trump and it\'s looking forward to a Biden presidency, more structure and stimulus," said Dennis Dick, a trader at Bright Trading LLC. "A Democratic Congress is going to obviously be more concerned about the small businesses, and the Main Street." The Dow Jones Industrial Average rose 211.73 points, or 0.69%, to 31,041.13, the S&P 500 gained 55.65 points, or 1.48%, to 3,803.79 and the Nasdaq Composite added 326.69 points, or 2.56%, to 13,067.48. The pan-European STOXX 600 index rose 0.51% and MSCI\'s gauge of stocks ac
**Last 60 Days of Bitcoin's Closing Prices:**
[15479.57, 15332.32, 15290.90, 15701.34, 16276.34, 16317.81, 16068.14, 15955.59, 16716.11, 17645.41, 17804.01, 17817.09, 18621.31, 18642.23, 18370.00, 18364.12, 19107.46, 18732.12, 17150.62, 17108.40, 17717.41, 18177.48, 19625.84, 18803.00, 19201.09, 19445.40, 18699.77, 19154.23, 19345.12, 19191.63, 18321.14, 18553.92, 18264.99, 18058.90, 18803.66, 19142.38, 19246.64, 19417.08, 21310.60, 22805.16, 23137.96, 23869.83, 23477.29, 22803.08, 23783.03, 23241.35, 23735.95, 24664.79, 26437.04, 26272.29, 27084.81, 27362.44, 28840.95, 29001.72, 29374.15, 32127.27, 32782.02, 31971.91, 33992.43, 36824.36]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2021-01-07
**Financial & Commodity Data:**
- Gold Closing Price: $1912.30
- Crude Oil Closing Price: $50.83
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $694,063,265,294
- Hash Rate: 155331251.95263115
- Transaction Count: 401744.0
- Unique Addresses: 940647.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.91
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Bitcoin was lower on Monday, holding just above $19,000 after rallying about $1,000 over the weekend. “There is an element of fatigue, with the market unable to drum up the momentum needed to spur us to new highs,” Matt Blom, head of sales and trading for the cryptocurrency firm Diginex, told clients in an email. In traditional markets , European shares rose the U.K. and European Union agreed to extend talks over a Brexit-related trade deal. U.S. stock futures pointed to a higher open as lawmakers in Washington continued negotiating a new stimulus stimulus package. Market moves Related: Bitcoin May Have Hit Wall of Profit Takers Around $19,500: Analyst For so many reasons, 2020 will go down in history books. For many of those same reasons, it could go down in economics textbooks. This year saw the biggest drop-off in economic activity since the Great Depression, the biggest money-printing episode in the Federal Reserve’s 107-year history, an epochal shift toward remote working, negative prices for crude-oil futures and the first real signs the global financial system might be migrating toward fast-growing markets for cryptocurrencies and digital assets. Bitcoin was invented just 11 years ago as the first and original cryptocurrency, intended for use in an electronic peer-to-peer payment system that wouldn’t be controlled by any person, business or government. At the start of the year, bitcoin was still considered a fringe investment, disparaged by the likes of the billionaire investor Warren Buffett as having “no value.” By the end of the year, bitcoin had pushed to the center of conversations among big investors and Wall Street firms – cast by proponents as a hedge against the potential currency debasement that might come from trillions of dollars of coronavirus-related stimulus money emanating from central banks and governments around the world. Others saw growing mainstream acceptance of the cryptocurrency and its underlying blockchain network as validation of a landmark technology that might forever change finance. Story continues Related: Market Wrap: Bitcoin Pushes Past $19.2K; Ether at 3% of BTC Price Whatever the case, the bitcoin market in 2020 offered as good a prism as any through which to view the year’s monumental economic developments – and the responses to the crisis from national authorities and monetary policymakers. Over the course of the next several days, First Mover will provide a recap of how the bitcoin market evolved over the course of the year, with prices for the cryptocurrency nearly tripling, attracting bullish commentary from big traditional-finance players including JPMorgan Chase, BlackRock , AllianceBernstein, Morgan Stanley and Tudor Investment. That story might really represent another way of recounting the broader narrative in which low interest rates and the dollar’s reign as the global reserve currency allowed the U.S. government and its corporations to amass a heavy debt load in the years before the coronavirus hit. Once it did, the response was to invoke what one leading economist described as the “war machine” – the Federal Reserve financing U.S. government emergency-relief packages costing trillions of dollars. Eventually, markets from stocks to bonds became hooked on the expectation that stimulus would be provided in amounts needed to keep investors from suffering losses deep enough to impair confidence and derail the economic recovery. All the while China pushed forward with its plan to roll out a digital version of its yuan, raising the specter that a virtual currency from the world’s second-biggest economy might eventually challenge the U.S. dollar’s dominance in payments for global trade. In the U.S. and elsewhere, billions of dollars of venture capital and trader money flowed into an array of obscure digital tokens on blockchain-based, semi-autonomous trading and lending systems – collectively known as “decentralized finance,” or DeFi; the fast-paced growth suggested that digital-asset markets might represent a haven of innovation in an otherwise stagnant global banking system. Whether due to causation or correlation or merely wishful thinking, the bitcoin market, long viewed as a hotbed of volatility and unfettered speculation, suddenly seemed to rise with nearly every new twist. Coming Tuesday: Even before the coronavirus hit, bitcoin traders and mainstream economists alike were growing increasingly concerned about the slowing U.S. economy, rapid growth in corporate debt and whether the dollar faced growing threats to its global monetary hegemony. – Bradley Keoun Bitcoin watch Bitcoin’s revived uptrend could soon lead to a much-anticipated breakout above the $20,000 mark. “We have witnessed a large move up over the weekend, with MicroStrategy’s efforts to increase bitcoin holdings from several large players bringing with it fresh optimism,” Matthew Dibb, chief operations officer of Stack Funds, told CoinDesk. “Our belief is that we will see a breach of $20,000 in the coming weeks.” On Friday, business-intelligence firm MicroStrategy raised $650 million through a convertible senior note sale to fund bitcoin purchases; the deal was upsized from $550 million. Since then, the cryptocurrency has rallied by over $1,000 and was last seen trading near $19,100, according to CoinDesk 20 data. The cryptocurrency nearly doubled from $10,000 to a new record high of $19,920 in the 12 weeks to Dec. 1, before falling to $17,700 last week amid a bout of profit taking. Pullbacks are a normal element of bull markets and often recharge the engines for a bigger ascent. Kenetic Capital’s CEO Jehan Chu also foresees bitcoin marching onward with “two steps forward, one step back” price action. The breakout, however, may remain elusive until the new year, as some investors are still looking to sell around record highs. “The topside is still kept with lots of selling orders, possibly from miners,” Patrick Heusser, head of trading at Zurich-based Crypto Broker AG, told CoinDesk over Twitter. – Omkar Godbole Read More: Bitcoin Still on Track to Breach $20K in Coming Weeks What’s hot Fidelity’s Abigail Johnson says cryptocurrency industry is moving so quickly that “trying to keep up with it is very hard” ( CryptoSlate ) Bitcoin is a “fascinating representation of animal spirits and speculation,” DoubleLine’s Jeff Gundlach says ( Business Insider ) An additional $600B of bitcoin demand could materialize if pension funds and insurance companies in the U.S., euro area, U.K. and Japan allocate 1% of portfolios to the asset, compared with the cryptocurrency’s current market capitalization of about $350B, JPMorgan analysts write in new report ( Bloomberg ) Wall Street heavyweights moving into bitcoin are the enemy to many who hail from the cryptocurrency’s cypherpunk roots, CoinDesk’s Michael Casey writes in Money Reimagined newsletter ( CoinDesk ) China aims for gradual consumer adoption of digital yuan, former central bank governor Zhao says ( South China Morning Post ) 19-year-old Ukrainian lawmaker discloses ownership of $24.5M of cryptocurrency monero ( CoinDesk ) Sygnum, a digital-asset firm with a Swiss banking license, claims to be first bank in world to tokenize its own shares ( CoinDesk ) Aegis Custody clears hurdle in bid for South Dakota trust charter ( CoinDesk ) CEO of DeFi insurer Nexus Mutual hacked for $8M in NXM tokens ( CoinDesk ) Bitcoin exchanges flood London’s Metro with ads ( CoinDesk ) Analogs The latest on the economy and traditional finance Morgan Stanley says there’s a chance a no-deal Brexit could prompt Bank of England to cut benchmark interest rates below zero ( Reuters ) Remote-working shift loosens Silicon Valley’s tight grip on tech industry ( WSJ ), and Google opens door to “flexible workweek” ( NYT ) Shandong Ruyi Technology Group, once considered the “LVMH of China,” cancels bondholder meeting over possible debt-maturity extension as coronavirus exacerbates “liquidity pressure” and interest payment looms this week ( Nikkei Asia Review ) Suspected Russian hackers are believed to have broken into the U.S. Treasury and Commerce departments and have been monitoring internal email traffic ( Reuters ) Tweet of the day Related Stories First Mover: Horrible 2020 Economy Proved Best Thing for Bitcoin First Mover: Horrible 2020 Economy Proved Best Thing for Bitcoin...
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
40797.61, 40254.55, 38356.44, 35566.66, 33922.96, 37316.36, 39187.33, 36825.37, 36178.14, 35791.28
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['By Imani Moise\nNEW YORK, Jan 7 (Reuters) - Asian stocks opened higher on Friday, with Japan hitting a three-decade high as investors looked beyond rising coronavirus cases and political unrest in the United States and bet on an economic recovery later in the year.\nFutures for the S&P 500 jumped 1.48% and Japan\'s Nikkei 225 rose 0.84%, hitting its highest level since August 1990.\nThe broadly upbeat mood came after Wall Street hit record highs on Thursday while bond prices fell as markets bet a new Democrat-controlled government would lead to heavy spending and borrowing to support the U.S. economic recovery.\n"We\'re sure to see a synchronised global recovery in the second half of this year," said ING analyst Carsten Brzeski.\n"Right now, there\'s lots of concern about the virus and noise surrounding the vaccine. But we need to take a slightly longer view."\nAustralia\'s S&P/ASX 200 gained a more moderate 0.16% after that nation\'s Queensland state enforced a three-day lockdown in its capital following the discovery of a case of the more contagious UK variant of COVID-19.\nHong Kong\'s Hang Seng index futures lost 0.02% after reports that the Trump administration was considering banning U.S. entities from investing in an expanded list of Chinese companies in the waning days of the presidency.\nU.S. government officials have begun weighing removing President Donald Trump from office before President-Elect Joe Biden\'s inauguration date of Jan. 20 after he incited a violent riot against at the U.S. Capitol building.\nOn Thursday, the Dow Jones Industrial Average rose 0.69%, the S&P 500 gained 1.48% and the Nasdaq Composite added 2.56%. MSCI\'s gauge of stocks across the globe gained 1.18%.\nBenchmark yields hit their highest level in 10 months as U.S Treasuries continued to sell off. Benchmark 10-year notes last fell 12/32 in price to yield 1.0812%. The 30-year bond last fell 27/32 in price to yield 1.859%.\nThe dollar also strengthened on hopes of a meaningful economic recovery later this year.\nThe dollar index rose 0.53% against a basket of currencies to 89.785 with the euro down 0.43% to $1.2272. Bitcoin topped $40,000 for the first time on Thursday, as the digital currency continued to be in high demand from institutional and retail investors alike. Bitcoin was last up 6.1% at $39,100 but market watchers say a pull back is likely.\nStrength in the dollar weighed on gold prices.\nSpot gold fell 0.3% to $1,913.87 per ounce but U.S. gold futures inched 0.3% higher to settle at $1,913.60.\nOil traders continued to focus on Saudi Arabia\'s pledge to deepen production cuts.\nBrent crude settled up 8 cents to $54.38 a barrel after touching $54.90, a high not seen since before the first COVID-19 lockdowns in the West. U.S. West Texas Intermediate (WTI) settled up 20 cents to $50.83, after hitting a session high at $51.28.\n(Reporting by Imani Moise; Editing by Sam Holmes)', 'By Imani Moise NEW YORK, Jan 7 (Reuters) - Asian stocks opened higher on Friday, with Japan hitting a three-decade high as investors looked beyond rising coronavirus cases and political unrest in the United States and bet on an economic recovery later in the year. Futures for the S&P 500 jumped 1.48% and Japan\'s Nikkei 225 rose 0.84%, hitting its highest level since August 1990. The broadly upbeat mood came after Wall Street hit record highs on Thursday while bond prices fell as markets bet a new Democrat-controlled government would lead to heavy spending and borrowing to support the U.S. economic recovery. "We\'re sure to see a synchronised global recovery in the second half of this year," said ING analyst Carsten Brzeski. "Right now, there\'s lots of concern about the virus and noise surrounding the vaccine. But we need to take a slightly longer view." Australia\'s S&P/ASX 200 gained a more moderate 0.16% after that nation\'s Queensland state enforced a three-day lockdown in its capital following the discovery of a case of the more contagious UK variant of COVID-19. Hong Kong\'s Hang Seng index futures lost 0.02% after reports that the Trump administration was considering banning U.S. entities from investing in an expanded list of Chinese companies in the waning days of the presidency. U.S. government officials have begun weighing removing President Donald Trump from office before President-Elect Joe Biden\'s inauguration date of Jan. 20 after he incited a violent riot against at the U.S. Capitol building. On Thursday, the Dow Jones Industrial Average rose 0.69%, the S&P 500 gained 1.48% and the Nasdaq Composite added 2.56%. MSCI\'s gauge of stocks across the globe gained 1.18%. Benchmark yields hit their highest level in 10 months as U.S Treasuries continued to sell off. Benchmark 10-year notes last fell 12/32 in price to yield 1.0812%. The 30-year bond last fell 27/32 in price to yield 1.859%. Story continues The dollar also strengthened on hopes of a meaningful economic recovery later this year. The dollar index rose 0.53% against a basket of currencies to 89.785 with the euro down 0.43% to $1.2272. Bitcoin topped $40,000 for the first time on Thursday, as the digital currency continued to be in high demand from institutional and retail investors alike. Bitcoin was last up 6.1% at $39,100 but market watchers say a pull back is likely. Strength in the dollar weighed on gold prices. Spot gold fell 0.3% to $1,913.87 per ounce but U.S. gold futures inched 0.3% higher to settle at $1,913.60. Oil traders continued to focus on Saudi Arabia\'s pledge to deepen production cuts. Brent crude settled up 8 cents to $54.38 a barrel after touching $54.90, a high not seen since before the first COVID-19 lockdowns in the West. U.S. West Texas Intermediate (WTI) settled up 20 cents to $50.83, after hitting a session high at $51.28. (Reporting by Imani Moise; Editing by Sam Holmes)', "It took me a little more than a year to get cynical. In December, 2019 I implored against the inherent cynicism of so thoroughly anticipating baseball to behave like a cold-hearted business that you barely bother to wish it wouldn\x92t. Save some earnest outrage \x97 the kind that\x92s only possible if you get your hopes up \x97 for owners who aren\x92t trying, I reasoned. Otherwise you\x92re just giving them preemptive cover not to. After all, fans didn\x92t force billionaires to buy sports franchises when Bitcoin or Google stocks or whatever else are right there. Even if it becomes expected to treat a public-facing facet of community culture like an investment in your portfolio, it still shouldn\x92t be accepted. Two months later, the Boston Red Sox traded Mookie Betts to the Los Angeles Dodgers , who would go on to win a World Series in his first year in L.A. (in between some other stuff happening). As promised, I was furious . Betts, a proven superstar entering his age-27 season and final year of team control, was shipped out of the city he brought a ring to for the sake of getting the Sox under the competitive balance tax threshold, and because we accept as incontrovertible that teams should expect more return on investment for a talented player than simply his talent on the field in the years that they pay him. In short, it was about saving money instead of building a better baseball team. That wasn\x92t new at the time but it seemed worth spelling out, excoriating the central figure (John Henry) and questioning why he had even bothered to buy the baseball team. The Mookie Betts trade of this offseason just happened: After telegraphing that they would prioritize financial flexibility over the face of their franchise for years (again, a kind of critique that eventually functions as an excuse if you repeat it enough), Cleveland traded shortstop Francisco Lindor and veteran starting pitcher Carlos Carrasco to the Mets in exchange for infielders Amed Rosario and Andrés Giménez and a couple of prospects . Story continues The fact that a team would willingly trade Francisco Lindor is a sign of baseball's rot. (AP Photo/Aaron Doster) Carrasco is a beloved starter with a track record of success that bolsters the back end of a top-heavy Mets rotation. Lindor, just like Betts had been, is a proven superstar entering his age-27 season and final year of team control, and the Mets will likely look to extend him before he ever becomes a free agent . And the return to Cleveland? I\x92m sure it was the best their front office could find after abdicating the obvious leverage of making it seem like you even want to keep a perennial All-Star in his prime. On one hand, the analysis is easy: No one thinks this is anything other than a salary dump for Cleveland, which is left with the lowest projected payroll in baseball . On the other hand, the analysis is becoming unnecessary: Color me cynical because I\x92m running out of ways or will to complain that baseball owners don\x92t treat the game with the same enthusiasm, affection, effort, or even interest as a casual fan, let alone a participant. It\x92s hard to find something new to say because what\x92s the point of parsing the symptoms when the disease itself has already been diagnosed? Smarter people than I have written incisive takedowns of a system that\x92s doing exactly what it\x92s supposed to : Namely, enrich the owners with little risk. The past few years have been nothing if not a repetitive, eye-opening testament to how owners would rather profit than win \x97 and while not mutually exclusive, those endgames are increasingly divorced from each other. That Cleveland would trade Lindor \x97 and the Tampa Bay Rays would trade Blake Snell , and the Chicago Cubs would trade Yu Darvish \x97 is proof of that. But if no one\x92s denying it \x97 at least not credibly \x97 what\x92s the fun in amassing evidence? For a while, I said there were no bad trades in baseball. Not that there never had been or that any hypothetical trade would be a good one, but rather to define the stretch of time in which all front offices were equally saber
**Last 60 Days of Bitcoin's Closing Prices:**
[15332.32, 15290.90, 15701.34, 16276.34, 16317.81, 16068.14, 15955.59, 16716.11, 17645.41, 17804.01, 17817.09, 18621.31, 18642.23, 18370.00, 18364.12, 19107.46, 18732.12, 17150.62, 17108.40, 17717.41, 18177.48, 19625.84, 18803.00, 19201.09, 19445.40, 18699.77, 19154.23, 19345.12, 19191.63, 18321.14, 18553.92, 18264.99, 18058.90, 18803.66, 19142.38, 19246.64, 19417.08, 21310.60, 22805.16, 23137.96, 23869.83, 23477.29, 22803.08, 23783.03, 23241.35, 23735.95, 24664.79, 26437.04, 26272.29, 27084.81, 27362.44, 28840.95, 29001.72, 29374.15, 32127.27, 32782.02, 31971.91, 33992.43, 36824.36, 39371.04]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2021-01-08
**Financial & Commodity Data:**
- Gold Closing Price: $1834.10
- Crude Oil Closing Price: $52.24
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $694,063,265,294
- Hash Rate: 136839436.24398455
- Transaction Count: 358526.0
- Unique Addresses: 883788.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.93
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: U.S. lawmakers are asking the nation’s financial guardians to clarify custodianship questions. France is looking to eliminate anonymity in the crypto sector. And an exposé into how FinCEN became a honeypot for personal information.
Banking playPaxos is making moves to become afederally regulated bank in the U.S., according to a filing with the Office of the Comptroller of the Currency (OCC). The stablecoin issuer and crypto services firm is seeking to create the Paxos National Trust, which would operate out of New York and incorporate as one of the first crypto-native banks in the U.S. There are two paths to achieving bank status, the state-chartered route through Wyoming (that Kraken and Avanti used) or the federal route, which is also being pursued by BitPay and Anchorage.
La Terreur?The French Ministry of Financeunveiled sweeping know-your-customer(KYC) requirements Wednesday on all cryptocurrency companies operating in and servicing the country, a move that could ultimately strip the French crypto space of any semblance of anonymity. All virtual asset service providers must immediately begin checking their customers’ identities, verifying “beneficial owners” and prohibit anonymous crypto accounts, according to the press release. The government said the action was taken to prevent terrorist financing, a broadside that has justified the encroachment of centralized powers over many civil liberties.
Related:First Mover: Stimulus Bet Wins Even as Bitcoin Slips Below $18K
Data honeypotIn an explosive exposé, CoinDesk privacy report Ben Powers outlines how FinCEN, the U.S. Financial Crimes Enforcement Network meant to track and eliminate criminal activity from the financial system,became a honeypot of personal information. There is little sense of the amount of personal data, what types of data and how long the agency holds on to data or shields it from malicious actors – and the agency wouldn’t answer questions. “You’ve got personal, private information in a database and allegations of conduct,” said Melissa G.R. Goldstein, a former attorney-advisor at FinCEN and now Special Counsel at financial law firm Schulte Roth & Zabel. “Just because someone is named in a SAR doesn’t necessarily mean that they are guilty of something criminal.”
Deposit drag?Bank of America is warning a digital euro with mass appeal could “reduce costs and complexity for individuals” butnegatively affect the region’s banking industry. In a Tuesday report, BofA analysts said a digital euro, a central bank digital currency with accounts and reserves held by the supranational European Central Bank, would cut into commercial bank deposits and reduce the need for third parties. Analysts criticized the ECB’s steadfast attention on China’s digital yuan and Diem’s (formerly Libra’s) multinational stablecoin, as a cause for developing a CBDC. “Money, like internet data, has a strong tendency to monopoly,” they wrote.
Dollar vs. BTCMorgan Stanley Investment Management Chief Global Strategist Ruchir Sharma saidbitcoin is already cutting into the U.S. dollar. “Today, most bitcoins are held as an investment, not used to pay bills, but that is changing,” Sharma wrote in a Financial Times op-ed. He further argued that “bitcoinwill gain” as its traditional competitors falter – even if the market bubble were to burst.
Satellite oflogsSpaceChain has secured a £440,000 (US$585,800) grant toco-develop decentralized satellite infrastructure, from EUREKA’s Globalstars, an initiative active in 45 countries. The funding will pay for development of a “decentralized satellite infrastructure with blockchain payload,” or, in English, a mesh network of low-earth orbit satellites. Blockchain helps “democratize access to the nascent space sector with lower barriers to entry by individual companies,” according to the firm.
• SINGAPORE’S STAKE:DBS Bank’s digital exchange, partly owned by the nation’s stock exchange, to begin trading crypto next week. (CoinDesk)
• DESTABILIZING ACT?Would the STABLE Act make running an Ethereum node illegal? Preston Byrne digs in. (CoinDesk)
• PRIVATE DEALINGS:Ukrainian politician discloses $24 million worth ofmonero. (CoinDesk)
• REPO TEST:JPMorgan just conducted a blockchain-based repo transaction using jpm coin. (The Block)
• HOOVERING CRYPTO:Grayscale, sister company of CoinDesk, has added more than $325 million worth of bitcoin andetherto its trusts in just over a week. (Decrypt)
• CRYPTO CRIME:Human trafficker caught after using bitcoin to launder blood money. (Modern Consensus)
Related:First Mover: Bitcoin Stuck as ECB's Lagarde Primes Extra €500B Stimulus
Custody questions?In the latest legal gambit seeking to determine how crypto can and will square with existing regulation, nine lawmakers are seeking clarification for how crypto firms can become registered broker-dealers.
CoinDesk’s Nikhilesh De reports nine U.S. lawmakers of both major political parties havewritten an open letterto Securities and Exchange Commission (SEC) Chairman Jay Clayton Wednesday and the Financial Industry Regulatory Authority (FINRA) seeking clarification. What is crypto custodianship, anyway?
To date, only a few companies in the crypto space have become registered broker-dealers, including Watchdog Capital, Harbor (which was acquired by BitGo) and Prometheum. Though there is reportedly a backlog of applications sitting with FINRA.
“CoinDesk reported in June 2019 FINRA had been sitting on a number of broker-dealer applications from firms that touch crypto, some for over a year. FINRA had taken no actions to approve or disapprove these applications, letting them sit in a sort of limbo,” De wrote.
The most recent letter asks the SEC and FINRA to confirm whether banks can provide custody services for digital securities; asks for a clearer pathway for crypto custodians to register with FINRA; and for FINRA to move on outstanding applications.
Though there are a number of issues that complicate the question. First is the issue of private keys – a special bit of code that confers complete access, control and ownership over a crypto asset – and which party controls them. Second is the ambiguous classification of cryptocurrencies, which depending on intended use, level of decentralization and other considerations could fall along the commodity to security spectrum.
(All securities are commodities, but not all commodities – like gift cards, for instance – are securities.)
This is important, because, as De notes, broker-dealers in the crypto space may also lose Securities Investor Protection Act protections if the crypto assets are deemed not tobe securities, the agencies said.
Three of the lawmakers involved in this bill, plus Rep. Scott Perry, have also sent a letter to Treasury Secretary Steven Mnuchin, “expressing our concern” aboutrumored self-hosted wallet regulations.
Coinbase CEO Brian Armstrong tweeted last month that Mnuchin was “planning to rush out” these new regulations, which would apparently require crypto exchanges to verify know-your-customer data for self-hosted wallets before they could send cryptocurrencies off of their platforms and into the wallets.
According to Wednesday’s letter, this potential regulation would “hinder American leadership,” preclude U.S. actors from participating in the space and “undermine the Treasury Department from stopping illicit actors from exploiting the financial system.”
Art auctionLooking to make someone (or just yourself) happy this yuletide holiday? Give the gift of crypto art. As part of the launch ofMost Influential 2020list, CoinDesk is auctioning off 12 original artworks that accompany this year’s list of honorees. The NFTs were created by leading digital artists including Alotta Money, XCopy, Osinachi, Matt Kane, Sarah Zucker, Yonat Vaks and Olive Allen. They are available atNifty Gatewayand Super Rare (Matt Kane). The artists will donate 50% of the proceeds to charities of their choice, under an arrangement with cryptocurrency donations companyThe Giving Block.Learn moreabout the Most Influential 2020 NFT art auction, running to Dec. 31.
The listWho moved the needle on crypto this year? What were the projects that mattered? Who shattered the glass ceiling and broke the mold? From DeFi to bitcoin’s late year surge, 2020 was full of big stories, trends and personalities. We’ve unveiled CoinDesk’s 2020 Most Influential list, a selection of 12 people who helped push the industry forward this year.See who made the list.
• Blockchain Bites: Paxos’ Banking Play, France’s KYC Terreur, FinCEN’s Personal Data Honeypot
• Blockchain Bites: Paxos’ Banking Play, France’s KYC Terreur, FinCEN’s Personal Data Honeypot...
- Reddit Posts (Sample): [['u/babtras', 'Trezor funds stolen upon sign-in to web wallet', 11, '2021-01-08 00:00', 'https://www.reddit.com/r/TREZOR/comments/ksp5hv/trezor_funds_stolen_upon_signin_to_web_wallet/', "My brother just got his Trezor out after a few years in storage, just to see how much BTC he had. He visited trezor.io and entered his PIN. Within moments of signing in, his wallet was emptied. It was not a transaction he initiated. \n&nbsp; \nI'm afraid to even look at my Trezor wallet now. What could have caused this? Obviiously if the seed was compromised somehow, the transaction would have happened sometime in the last few years. Instead it happened the moment he connected his Trezor.", 'https://www.reddit.com/r/TREZOR/comments/ksp5hv/trezor_funds_stolen_upon_signin_to_web_wallet/', 'ksp5hv', [['u/babtras', 72, '2021-01-08 00:15', 'https://www.reddit.com/r/TREZOR/comments/ksp5hv/trezor_funds_stolen_upon_signin_to_web_wallet/gihb284/', 'Update: He used Windows search for "Trezor wallet" to find the Trezor website. The first result provided by bing is an ad for "trezor Official Site" but goes to a clone site that asked for his seed, and the idiot typed it in. \n&nbsp; \nI\'m pissed with MS / Bing now. Promoting scam sites above legitimate sites.', 'ksp5hv'], ['u/b-roc', 26, '2021-01-08 00:27', 'https://www.reddit.com/r/TREZOR/comments/ksp5hv/trezor_funds_stolen_upon_signin_to_web_wallet/gihchv4/', 'Open/shut case. Thanks for the update.\n\nHowever, more than entering the PIN would have been required. Your brother must have entered his seed too.', 'ksp5hv'], ['u/test_tickles', 20, '2021-01-08 02:22', 'https://www.reddit.com/r/TREZOR/comments/ksp5hv/trezor_funds_stolen_upon_signin_to_web_wallet/gihq24m/', '>a clone site that asked for his seed, and the idiot typed it in.', 'ksp5hv'], ['u/shadowofashadow', 16, '2021-01-08 03:59', 'https://www.reddit.com/r/TREZOR/comments/ksp5hv/trezor_funds_stolen_upon_signin_to_web_wallet/gii1bj4/', "> I'm pissed with MS / Bing now. Promoting scam sites above legitimate sites.\n\nI totally feel you but using a device like this without understanding what the seed is or what it does is a tightrope walk. Anyone using a trezor should know immediately that you're being scammed if you're asked for your seed.\n\nThis is like getting a mortgage and not knowing what interest is... a bad idea.", 'ksp5hv'], ['u/gunslinger_006', 14, '2021-01-08 04:27', 'https://www.reddit.com/r/TREZOR/comments/ksp5hv/trezor_funds_stolen_upon_signin_to_web_wallet/gii4dmp/', 'I am sorry for your bro, but thank you for coming back and posting the resolution.', 'ksp5hv']]], ['u/Green-Echo-4308', 'HODL. If there is anything nano should learn from btc community that is HODL.', 88, '2021-01-08 00:10', 'https://www.reddit.com/r/nanotrade/comments/kspdzu/hodl_if_there_is_anything_nano_should_learn_from/', 'This was an answer to another post like "there is nothing wrong with taking profits" but i made it into a separate post because all of us need to hear this:\nHODL!\n\nI know you felt fear or hunger or what ever you felt that made you to dump your stack but if you break the line and panic others will follow you and then we are back to depression and shark whales preying on us.\nOf course this a hard lesson to learn but we got to learn this as a group, like btc has learned along the many upp and down market cycles. And they survive. And they are strong together. And they thrive.\n\nNano is one of a kind in the realm of crypto currencies. Is so powerfull. Is build by his creator to fulfill one purpose: frictionless value transfer and it does that great. Is a no brainer that nano should be at least above perpetual shitcoins like bch or ltc. But for that to happend we got to defend what is ours. We got to HODL the line together and not freak out and run like sheep with pennies while having left the big money on the table.\n\nHODL also protect many of us who believe in crypto and in nano but have to carry our daily lives in peace and can not stare in the phone all day to try in vain to time a meagre trade but in the end cought outside and lose the train. \n\nSo sell if you don\'t have nothing to eat but if you don\'t starve to death just now then buckle down and HODL. \nYou will say that I am a crazy tribal nano maximalist and may be I am because I do not own other crypto but: The value of btc and other crypto currencies is not backed by the police or by the taxman but is backed by our common vision about what money should be. And the value of nano is the value we believe is worth and the value that we are willing to stand for.\nSo if you want to see nano in top 5 just HODL and we will get there together.', 'https://www.reddit.com/r/nanotrade/comments/kspdzu/hodl_if_there_is_anything_nano_should_learn_from/', 'kspdzu', [['u/Green-Echo-4308', 15, '2021-01-08 00:22', 'https://www.reddit.com/r/nanotrade/comments/kspdzu/hodl_if_there_is_anything_nano_should_learn_from/gihbygo/', 'May be is not the best place in here for this post but it got throwned out from the nano subreddit because of the numbers in it. \n😂😂😂😂😂😂😂', 'kspdzu'], ['u/JusticeLoveMercy', 35, '2021-01-08 01:01', 'https://www.reddit.com/r/nanotrade/comments/kspdzu/hodl_if_there_is_anything_nano_should_learn_from/gihgok5/', "I haven't sold a single Nano and planning to buy more in the coming years. This is going to be the #1 crypto", 'kspdzu'], ['u/navegato', 13, '2021-01-08 02:30', 'https://www.reddit.com/r/nanotrade/comments/kspdzu/hodl_if_there_is_anything_nano_should_learn_from/gihr212/', 'Adoption has to start with people buying the coin and having it. They will do that overwhelmingly more if the price is rising.', 'kspdzu']]], ['u/JelloSquirrel', 'What (I think) is happening and what is going to happen', 93, '2021-01-08 00:19', 'https://www.reddit.com/r/Buttcoin/comments/kspk6n/what_i_think_is_happening_and_what_is_going_to/', "I posted this as a comment in another thread, but felt I put enough effort into it to make it into its own thread. \n\nTl;dr My general thought is that right now, fake Tether is being produced and flowing out from Binance and Huobi into other Tether exchanges and DeFi markets in order to capture all their crypto. Additionally, some amount of Tether and crypto from Binance is making it to Kraken and Coinbase to cash out via fiat markets. A couple weeks ago, the ratio of Tether to real fiat was about 4x, and now it's about 10x, effectively leveraging up the entire crypto market place, except about 90% of the cash is (likely) to be worthless in the near future, as exchanges around the world become increasingly liable for money laundering and unbacked Tether due to changing laws around the world.\n\nTl;dr;tl;dr\nUSD to USDT markets (Kraken) are being directly drained by Tether. Fiat markets (primarily Coinbase) are being indirectly drained by Tether via pumping up Bitcoin prices and cashing out. DeFi and Tether exchanges are being drained of their non-tether crypto in exchange for Tether, potentially via collateralized loans offering very attractive interest rates. Fiat off ramps will likely close to Tether this month, and Tether exchanges hunted down over the next year or two as Tether is shut out of more and more exchanges.\n\nFurther thoughts below:\nAs the bitcoiners would say, do your own research! (dyor)\n\nBut I've spent some time doing napkin research on flows, money laundering, and money laundering laws.\n\nSo let's start: 1) Bittrex and Poloniex are already involved in the NYAG Tether lawsuit, so I think it's they're likely to be held liable for running a Tether based exchange when new Anti Money Laundering rules take effect.\n\n2) ChainAnalysis's report on crypto money laundering identifies Huobi and Binance as accounting for roughly 50% of all crypto money laundering. All other exchanges (most likely tether based), peer 2 peer, and and DeFi markets account for the other 50%, which will be harder to deal with than a centralized exchange but also have less volume. https://blog.chainalysis.com/reports/money-laundering-cryptocurrency-2019\n\n3) Researching Binance, it's based out of Malta, an EU country, and Huobi, based out of the Seychelles. This means to effectively deal with money laundering on these exchanges requires legal changes in those countries.\n\n4) At the end of December, the USA published new anti money laundering rules for crypto with an extremely short 15 day comment period before they take effect. So some time in January, these laws take effect. The key changes seem to be requiring exchanges to verify positive control on all sends and receives, the requirement that exchanges maintain 100% backing for all stable coins, and that individuals and exchanges can be held liable for touching laundered cryptocurrency. This opens exchanges and individuals in the USA to legal liability, and makes the usage of Tether a legal liability if 100% backing at the exchange can't be verified. This opens US based exchanges that use Tether to money laundering charges this month, as well as individuals involved with it. Coinbase doesn't use Tether, but I wouldn't be surprised to see them get served court papers just because of their size in the cryptocurrency space, the largest fiat on/off ramp. https://www.pymnts.com/cryptocurrency/2020/us-treasury-proposes-new-disclosure-rules-on-bitcoin-other-cryptos/\n\n5) The EU is rolling out new crypto anti money laundering laws under 6AMLD, that are required to take effect on June 3rd. As an EU member, Malta will then be obligated to take action against Binance, which is based out of Malta. https://www.electronicid.eu/en/blog/post/what-is-6amld/en\n\n6) The Seychelles, home of the #2 money launderer Huobi, is also launching new crypto anti money laundering rules, rolling out sometime between now and 2023. Based on their strategic plan, it looks like most of these will be implemented in the August to December time frame this year, opening up Huobi to legal action. https://www.seychellesf...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
40254.55, 38356.44, 35566.66, 33922.96, 37316.36, 39187.33, 36825.37, 36178.14, 35791.28, 36630.07
|
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
["There\x92s never been a lack of skepticism surrounding cryptocurrency . And it\x92s fair to say the jury still wavers at times. But with 2021 just a week old, the world\x92s most polarizing and misunderstood currency is making a strong case for its staying power. On Thursday, the price of a single Bitcoin, the oldest virtual currency, topped $40,000 for the first time, according to Business Insider . The 12 percent increase on the day pushed the total value of Bitcoin to over $700 billion and all cryptocurrency to over $1 trillion for the very first time. More from Robb Report Crypto-Cat? This Sleek 52-Foot Sailing Catamaran Was Just Bought With Bitcoin 'Sitting This out Seems a Poor Option': Why Now Is the Best Time to Invest in Cryptocurrencies Bitcoin vs . Ethereum: Which Cryptocurrency Should You Invest In? The surge continued into Friday, with Bitcoin valued at over $41,000 as of press time. That means that value of Bitcoin has risen by over 400 percent over the last year. Interest in the virtual currency has been especially high over the last month, during which time its value has more than doubled. The interest has reportedly been driven by investor\x92s desire for an alternative asset not tied to a central bank, unlike the dollar or euro. Of course, that interest may or may not last. If nothing else, cryptocurrency has proven itself to be quite volatile in recent years. The value of Bitcoin, for example, crashed from $19,000 to $3,200 between 2017 and 2018. For now, the news is good. With a market cap of over $1 trillion, cryptocurrencies are now worth almost half as much as Apple, the world\x92s most valuable company, reports Business Insider. It also makes cryptocurrency more valuable than the entire Swiss economy. While the recent surge in Bitcoin value is great news investors, this is especially true for Satoshi Nakamoto. The creator of the virtual currency is believed to own one million Bitcoin. If true, Ars Technica reports that the investment would put his net worth at more than $40 billion. That would make him one of the 35 richest people in the world, according to the Bloomberg\x92s Billionaire Index . Bitcoin may be the currency that has most benefited from the recent surge in interest, but other virtual currencies have also seen their value rise as well. By the end of trading on Thursday, Ether, which is used by the Ethereum network, was valued at $140 billion Meanwhile, other notable currencies aren\x92t doing too shabby either. Tether is now worth $22 billion, Litecoin sits at $11 billion, and Bitcoin Cash checks in at $8 billion. Sign up for Robb Report's Newsletter . For the latest news, follow us on Facebook , Twitter , and Instagram .", "There\x92s never been a lack of skepticism surrounding cryptocurrency . And it\x92s fair to say the jury still wavers at times. But with 2021 just a week old, the world\x92s most polarizing and misunderstood currency is making a strong case for its staying power. On Thursday, the price of a single Bitcoin, the oldest virtual currency, topped $40,000 for the first time, according to Business Insider . The 12 percent increase on the day pushed the total value of Bitcoin to over $700 billion and all cryptocurrency to over $1 trillion for the very first time. More from Robb Report Crypto-Cat? This Sleek 52-Foot Sailing Catamaran Was Just Bought With Bitcoin 'Sitting This out Seems a Poor Option': Why Now Is the Best Time to Invest in Cryptocurrencies Bitcoin vs . Ethereum: Which Cryptocurrency Should You Invest In? The surge continued into Friday, with Bitcoin valued at over $41,000 as of press time. That means that value of Bitcoin has risen by over 400 percent over the last year. Interest in the virtual currency has been especially high over the last month, during which time its value has more than doubled. The interest has reportedly been driven by investor\x92s desire for an alternative asset not tied to a central bank, unlike the dollar or euro. Of course, that interest may or may not last. If nothing else, cryptocurrency has proven itself to be quite volatile in recent years. The value of Bitcoin, for example, crashed from $19,000 to $3,200 between 2017 and 2018. For now, the news is good. With a market cap of over $1 trillion, cryptocurrencies are now worth almost half as much as Apple, the world\x92s most valuable company, reports Business Insider. It also makes cryptocurrency more valuable than the entire Swiss economy. While the recent surge in Bitcoin value is great news investors, this is especially true for Satoshi Nakamoto. The creator of the virtual currency is believed to own one million Bitcoin. If true, Ars Technica reports that the investment would put his net worth at more than $40 billion. That would make him one of the 35 richest people in the world, according to the Bloomberg\x92s Billionaire Index . Bitcoin may be the currency that has most benefited from the recent surge in interest, but other virtual currencies have also seen their value rise as well. By the end of trading on Thursday, Ether, which is used by the Ethereum network, was valued at $140 billion Meanwhile, other notable currencies aren\x92t doing too shabby either. Tether is now worth $22 billion, Litecoin sits at $11 billion, and Bitcoin Cash checks in at $8 billion. Sign up for Robb Report's Newsletter . For the latest news, follow us on Facebook , Twitter , and Instagram .", "There\x92s never been a lack of skepticism surrounding cryptocurrency . And it\x92s fair to say the jury still wavers at times. But with 2021 just a week old, the world\x92s most polarizing and misunderstood currency is making a strong case for its staying power. On Thursday, the price of a single Bitcoin, the oldest virtual currency, topped $40,000 for the first time, according to Business Insider . The 12 percent increase on the day pushed the total value of Bitcoin to over $700 billion and all cryptocurrency to over $1 trillion for the very first time. More from Robb Report Crypto-Cat? This Sleek 52-Foot Sailing Catamaran Was Just Bought With Bitcoin 'Sitting This out Seems a Poor Option': Why Now Is the Best Time to Invest in Cryptocurrencies Bitcoin vs . Ethereum: Which Cryptocurrency Should You Invest In? The surge continued into Friday, with Bitcoin valued at over $41,000 as of press time. That means that value of Bitcoin has risen by over 400 percent over the last year. Interest in the virtual currency has been especially high over the last month, during which time its value has more than doubled. The interest has reportedly been driven by investor\x92s desire for an alternative asset not tied to a central bank, unlike the dollar or euro. Of course, that interest may or may not last. If nothing else, cryptocurrency has proven itself to be quite volatile in recent years. The value of Bitcoin, for example, crashed from $19,000 to $3,200 between 2017 and 2018. For now, the news is good. With a market cap of over $1 trillion, cryptocurrencies are now worth almost half as much as Apple, the world\x92s most valuable company, reports Business Insider. It also makes cryptocurrency more valuable than the entire Swiss economy. While the recent surge in Bitcoin value is great news investors, this is especially true for Satoshi Nakamoto. The creator of the virtual currency is believed to own one million Bitcoin. If true, Ars Technica reports that the investment would put his net worth at more than $40 billion. That would make him one of the 35 richest people in the world, according to the Bloomberg\x92s Billionaire Index . Bitcoin may be the currency that has most benefited from the recent surge in interest, but other virtual currencies have also seen their value rise as well. By the end of trading on Thursday, Ether, which is used by the Ethereum network, was valued at $140 billion Meanwhile, other notable currencies aren\x92t doing too shabby either. Tether is now worth $22 billion, Litecoin sits at $11 billion, and Bitcoin Cash checks in at $8 billion. Sign up for Robb Report's Newsletter . For the latest news, follow us on Facebook , Twitter , and Instagram .", 'Bitcoin, BTC to USD, rose by 2.85% on Friday. Following on from a 7.09% rally on Thursday, Bitcoin ended the day at $40,509.0.\nIt was a mixed start to the day. Bitcoin fell to an early morning intraday low $36,555.0 before making a move.\nThe pullback saw Bitcoin fall through the first major support level at $36,889.\nSteering clear of sub-$36,000 levels, Bitcoin rallied to a mid-afternoon intraday high and a new swing hi $41,969.0.\nBitcoin broke through the first major resistance level at $41,148 before falling back to sub-$39,000 levels.\nFinding late support, however, Bitcoin move back through to $40,500 levels to deliver the upside for the day.\nThe near-term bullish trend remained intact, supported by the latest breakthrough to $41,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $18,504 to form a near-term bearish trend.\nAcross the rest of the majors, it was a mixed day on Friday.\nChainlinkand Polkadot slid by 4.64% and by 6.19% to lead the way down.\nBinance Coin(-2.81%),Ethereum(-0.83%), andRipple’s XRP(-0.84%) also saw red on the day.\nIt was a bullish day for the rest of the majors, however.\nBitcoin Cash SVrose by 3.39% to lead the pack.\nCardano’s ADA(+1.71%),Crypto.com Coin(+2.71%), andLitecoin(+1.60%) also joined Bitcoin in the green.\nIn the current week, the crypto total market cap slid to a Monday low $735.72bn before rising to a Friday high $1,115.32bn. At the time of writing, the total market cap stood at $1,052.85bn.\nBitcoin’s dominance fell to a Monday low 67.66% before rising to a Friday high 71.37%. At the time of writing, Bitcoin’s dominance stood at 70.99%.\nAt the time of writing, Bitcoin was down by 0.84% to $40,169.0. A mixed start to the day saw Bitcoin rise to an early morning high $40,915.0 before falling to a low $40,136.0.\nBitcoin left the major support and resistanc
**Last 60 Days of Bitcoin's Closing Prices:**
[15290.90, 15701.34, 16276.34, 16317.81, 16068.14, 15955.59, 16716.11, 17645.41, 17804.01, 17817.09, 18621.31, 18642.23, 18370.00, 18364.12, 19107.46, 18732.12, 17150.62, 17108.40, 17717.41, 18177.48, 19625.84, 18803.00, 19201.09, 19445.40, 18699.77, 19154.23, 19345.12, 19191.63, 18321.14, 18553.92, 18264.99, 18058.90, 18803.66, 19142.38, 19246.64, 19417.08, 21310.60, 22805.16, 23137.96, 23869.83, 23477.29, 22803.08, 23783.03, 23241.35, 23735.95, 24664.79, 26437.04, 26272.29, 27084.81, 27362.44, 28840.95, 29001.72, 29374.15, 32127.27, 32782.02, 31971.91, 33992.43, 36824.36, 39371.04, 40797.61]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2021-01-09
**Financial & Commodity Data:**
- Gold Closing Price: $1834.10
- Crude Oil Closing Price: $52.24
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $759,837,365,412
- Hash Rate: 133808024.52210464
- Transaction Count: 321389.0
- Unique Addresses: 760179.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.93
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Just in case you hadn't heard, or are annoyed that folks aren't writing about it: Bitcoin is rallying, up around 16% in the last week to a value of a little more than $18,000 as of this morning. Here's a chart of its recent gains, via YCharts (note, it's a tiny bit behind, so use the chart as a directional instead of absolute tool): What else is there to say about the rally? We could note that bitcoin miner revenue remains far below its historical peaks, despite some recent gains. We could also point out that the aggregate value of all mined bitcoin in the wild is at an all-time high, per CoinMarketCap data . The real upshot? Bitcoin is showing it has long-term staying power even with all its historical volatility. But not everything is perfect in the world of bitcoin. Looking around the crypto market, the DeFi boom looks mostly based on the Ethereum chain, for example, so bitcoin isn't catching the same developer-and-demand updraft that the rival cryptocurrency is currently enjoying. And I still don't know what people are using bitcoin for other than hoping to get rich. And some are -- look at those gains! But not that many. The famous cryptocurrency doesn't appear to be growing much in terms of unique usage . Anyway, here's a post about bitcoin being worth a little more than $18,000. That's a lot! Well done hodlers....
- Reddit Posts (Sample): [['u/solxsurvivor', 'Binance yet to refund me $100, then banned me.', 66, '2021-01-09 00:17', 'https://www.reddit.com/r/binance/comments/ktef46/binance_yet_to_refund_me_100_then_banned_me/', "In late November I attempted to buy two lots of $100 AUD worth of BTC ($200 total) using the 'buy crypto with bank card' option. I have screenshots to show that 2x$100 left my bank account, and got deposited into Binance, but that only $100 AUD worth of BTC was purchased and stored in my wallet. \n\nThis leaves $100 AUD of my money that is not in my Binance wallet, nor has it been refunded.\n\nI got my request upgraded to a ticket in early December with a promise of a response in 48 hours. Only in the last couple days (about a month later!) did I get a follow up to my ticket, which didn't even address my problem and just listed off a few support topics I could have just read in the FAQ.\n\n&#x200B;\n\nTo make matters worse, a few days ago when trying to buy some BTC with my card (infuriatingly when it was at about 30k USD) I was told that my fiat deposit had failed and that my deposit function was now suspended. So not only has $100 been withheld from me, but more hundreds in potential earnings gone from not allowing me to buy BTC.\n\nAny help would be greatly appreciated.", 'https://www.reddit.com/r/binance/comments/ktef46/binance_yet_to_refund_me_100_then_banned_me/', 'ktef46', [['u/Javibs69', 19, '2021-01-09 01:41', 'https://www.reddit.com/r/binance/comments/ktef46/binance_yet_to_refund_me_100_then_banned_me/gilrgfn/', 'Chargeback', 'ktef46'], ['u/FlowFreal', 17, '2021-01-09 02:05', 'https://www.reddit.com/r/binance/comments/ktef46/binance_yet_to_refund_me_100_then_banned_me/gilubk6/', 'This is ridiculous, all i see is people posting problems with binance.\n\nShould i switch exchanges? How are people completely new to crypto supposed to trust these exchanges that outright seem to scam people? \n\nBitcoin and crypto are supposed to be completely private and secure and this shit doesn’t help.\n\nHope you get your shit sorted bro. Had to rant.', 'ktef46'], ['u/mem269', 12, '2021-01-09 02:21', 'https://www.reddit.com/r/binance/comments/ktef46/binance_yet_to_refund_me_100_then_banned_me/gilw6io/', "They've always been super useful to me even when it was fully my fault, it's just that people don't come for help for good experiences.", 'ktef46']]], ['u/Seven_Swans7', 'The basis for bitcoin "gaining" USD value, is directly correlated to how worthless the USD is becoming.', 25, '2021-01-09 00:46', 'https://www.reddit.com/r/Bitcoin/comments/ktf0ni/the_basis_for_bitcoin_gaining_usd_value_is/', "It's that simple. You are not buying bitcoin. You are trading worthless paper for encrypted cash flow.", 'https://www.reddit.com/r/Bitcoin/comments/ktf0ni/the_basis_for_bitcoin_gaining_usd_value_is/', 'ktf0ni', [['u/endlessroad5', 10, '2021-01-09 00:49', 'https://www.reddit.com/r/Bitcoin/comments/ktf0ni/the_basis_for_bitcoin_gaining_usd_value_is/gill7kx/', 'Cringe', 'ktf0ni']]], ['u/NYKyle610', 'Bitcoin was just an answer on tonight’s Jeopardy, Alex Trebek’s last episode!', 801, '2021-01-09 01:06', 'https://www.reddit.com/r/Bitcoin/comments/ktfehj/bitcoin_was_just_an_answer_on_tonights_jeopardy/', 'The question was “what currency is the unit Satoshi derived from?”\n\nNo one knew the answer. We’re still early!', 'https://www.reddit.com/r/Bitcoin/comments/ktfehj/bitcoin_was_just_an_answer_on_tonights_jeopardy/', 'ktfehj', [['u/TheBTC-G', 20, '2021-01-09 01:07', 'https://www.reddit.com/r/Bitcoin/comments/ktfehj/bitcoin_was_just_an_answer_on_tonights_jeopardy/gilng66/', 'Bullish', 'ktfehj'], ['u/randrand127', 240, '2021-01-09 01:15', 'https://www.reddit.com/r/Bitcoin/comments/ktfehj/bitcoin_was_just_an_answer_on_tonights_jeopardy/gilocf4/', 'No one knew the answer? bruh maybe I’m way earlier than I thought. I talked to a friend today about bitcoin and he has no idea what it is or how it works', 'ktfehj'], ['u/ZeitgeistGuy', 13, '2021-01-09 01:22', 'https://www.reddit.com/r/Bitcoin/comments/ktfehj/bitcoin_was_just_an_answer_on_tonights_jeopardy/gilp840/', 'Are you serious? PST am watching later. Pfft.', 'ktfehj'], ['u/vaginasaladwastaken', 17, '2021-01-09 01:38', 'https://www.reddit.com/r/Bitcoin/comments/ktfehj/bitcoin_was_just_an_answer_on_tonights_jeopardy/gilr5jx/', 'There was one guess of "Japan" and then crickets.', 'ktfehj'], ['u/Godspeedhero', 80, '2021-01-09 01:41', 'https://www.reddit.com/r/Bitcoin/comments/ktfehj/bitcoin_was_just_an_answer_on_tonights_jeopardy/gilrh49/', 'Early as fuck. Unlike many here. I am always hoping the price goes DOWN because that means I can be even earlier.', 'ktfehj'], ['u/elgwano', 13, '2021-01-09 01:58', 'https://www.reddit.com/r/Bitcoin/comments/ktfehj/bitcoin_was_just_an_answer_on_tonights_jeopardy/gilthd9/', 'Yeah I saw that. The guy answered Japanese or something 😂.', 'ktfehj'], ['u/Schapsouille', 70, '2021-01-09 02:19', 'https://www.reddit.com/r/Bitcoin/comments/ktfehj/bitcoin_was_just_an_answer_on_tonights_jeopardy/gilvzzj/', "Most people don't know or care how fiat works. As early as we are, some people will always be late.", 'ktfehj'], ['u/DangerIsMyUsername', 18, '2021-01-09 02:19', 'https://www.reddit.com/r/Bitcoin/comments/ktfehj/bitcoin_was_just_an_answer_on_tonights_jeopardy/gilw0do/', 'my man', 'ktfehj'], ['u/therocketofpoop', 47, '2021-01-09 03:20', 'https://www.reddit.com/r/Bitcoin/comments/ktfehj/bitcoin_was_just_an_answer_on_tonights_jeopardy/gim319p/', 'Alex was Satoshi Nakamoto', 'ktfehj'], ['u/kayelem87', 22, '2021-01-09 03:41', 'https://www.reddit.com/r/Bitcoin/comments/ktfehj/bitcoin_was_just_an_answer_on_tonights_jeopardy/gim5h78/', 'Flash is no longer supported.', 'ktfehj'], ['u/ba5icsp00k', 42, '2021-01-09 03:56', 'https://www.reddit.com/r/Bitcoin/comments/ktfehj/bitcoin_was_just_an_answer_on_tonights_jeopardy/gim798m/', 'I texted my bro that Bitcoin breached like 30k or something and he was like how? The markets closed it Saturday.', 'ktfehj'], ['u/AustonMothews', 10, '2021-01-09 04:26', 'https://www.reddit.com/r/Bitcoin/comments/ktfehj/bitcoin_was_just_an_answer_on_tonights_jeopardy/gimapb9/', "Just look at any Facebook news article about Bitcoin to get a sense of what the general public thinks. It's hilarious. We're VERY early.", 'ktfehj'], ['u/No-Ear_Spider-Man', 19, '2021-01-09 05:57', 'https://www.reddit.com/r/Bitcoin/comments/ktfehj/bitcoin_was_just_an_answer_on_tonights_jeopardy/gimk9uj/', "People don't realize it's not a stock? jfc...", 'ktfehj'], ['u/9trogenta', 22, '2021-01-09 07:42', 'https://www.reddit.com/r/Bitcoin/comments/ktfehj/bitcoin_was_just_an_answer_on_tonights_jeopardy/gimteif/', "I don't even know how wheels work. Yet...", 'ktfehj'], ['u/Jardrs', 11, '2021-01-09 08:09', 'https://www.reddit.com/r/Bitcoin/comments/ktfehj/bitcoin_was_just_an_answer_on_tonights_jeopardy/gimves2/', 'I think they overcome friction somehow but as always DYOR.', 'ktfehj'], ['u/Aikmero', 20, '2021-01-09 08:20', 'https://www.reddit.com/r/Bitcoin/comments/ktfehj/bitcoin_was_just_an_answer_on_tonights_jeopardy/gimw57a/', 'Gotta get those r/wallstreetbets junkies buying bitcoin on the weekends while they nearly die waiting for Mondays bell', 'ktfehj'], ['u/bittabet', 10, '2021-01-09 15:24', 'https://www.reddit.com/r/Bitcoin/comments/ktfehj/bitcoin_was_just_an_answer_on_tonights_jeopardy/ginnukq/', 'Paid my friend for a meal with Bitcoin in like 2012. She was too lazy to cash it out.\nIt’s like $10K now lol', 'ktfehj']]], ['u/tktytkty', "I'm surprised no one's talking about $VIH (VPC Impact Acquisition Holdings)?", 102, '2021-01-09 01:32', 'https://www.reddit.com/r/SPACs/comments/ktfvnu/im_surprised_no_ones_talking_about_vih_vpc_impact/', "Per Bloomberg news, $VIH is nearing a merger with Bakkt. It's a crypto-exchange platform (basically a gambling degenerates wet dream). Think Robinhood / WeBull / TDA, etc.. but for crypto currencies.\n\n[https://www.bloomberg.com/news/articles/2021-01-08/crypto-exchange-bakkt-said-near-merger-with-victory-park-spac](https://www.bloomberg.com/news/articles/2021-01-08/crypto-exchange-bakkt-said-near-merger-with-victory-park-spac)\n\n&#x200B;\n\nThis might potentially run, based alone on how hot cryptocurrencies (BTC, ETH) have been. But I'll give another reason.. ARK has been buying up $ICE (owns Bakkt). I don't know if people have caught onto this yet.\n\nhttps://preview.redd.it/a2d7sfiee7a61.jpg?width=489&format=pjpg&auto=webp&s=c9318f51c4bf2e9d7ece9b57501fd9ada42765ce\n\nAfter receiving ARKs daily transaction update, I bought in AH. So, I'm pretty far from what's considered a safe floor at nav lol. As always, do your DD.\n\n&#x200B;", 'https://www.reddit.com/r/SPACs/comments/ktfvnu/im_surprised_no_ones_talking_about_vih_vpc_impact/', 'ktfvnu', [['u/whmcpanel', 13, '2021-01-09 02:16', 'https://www.reddit.com/r/SPACs/comments/ktfvnu/im_surprised_no_ones_talking_about_vih_vpc_impact/gilvlbk/', 'Paying $17 for a rumour is the same idiocy as paying $18 for btwn on a tokopedia rumour.', 'ktfvnu'], ['u/randomstockautist', 10, '2021-01-09 02:42', 'https://www.reddit.com/r/SPACs/comments/ktfvnu/im_surprised_no_ones_talking_about_vih_vpc_impact/gilyn89/', 'I wish someone had been talking about it before yesterday! We can’t find them all.', 'ktfvnu']]], ['u/Danyoka', 'How many Mora in one dollar?', 71, '2021-01-09 01:34', 'https://www.reddit.com/r/Genshin_Impact/comments/ktfwwk/how_many_mora_in_one_dollar/', 'In Teyvat one potato costs 120 Mora. I live in Ukraine. Three kilograms of potato costs 100 hryvnas. Average weight of one potato is 192 gram. 3000 / 192 = 15,625 potatoes. 100 / 15,625 = 6,4 hryvnas per one potato. 6,4 hryvnas = 120 mora. One dollar costs about 28 hryvnas. 28 / 6,4 = 4,375. And finally 120 * 4,375 = 525. One dollar is 525 Mora. \nSo I on 29 lvl have one million Mora. It is only 1904$.\nInteresting сalculations: Everlasting Incence in quest Guizhong (Chapter 1, Act 2) costs 3 million Mora or 5714$.\nOne bitcoin co...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
38356.44, 35566.66, 33922.96, 37316.36, 39187.33, 36825.37, 36178.14, 35791.28, 36630.07, 36069.80
|
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Bitcoin , BTC to USD, fell by 0.82% on Saturday. Partially reversing a 2.85% gain from Friday, Bitcoin ended the day at $40,168.0. It was a mixed start to the day. Bitcoin rose to an early morning high $40,915.0 before hitting reverse. Falling short of the major resistance levels, Bitcoin fell to a mid-morning intraday low $38,700.0. Steering clear of the first major resistance level at $37,386, Bitcoin rallied to a mid-afternoon intraday high $41,399.0. Falling short of the first major resistance level at $42,800, Bitcoin fell back to sub-$40,000 levels. Finding late support, however, Bitcoin moved back through to $40,000 levels to reduce the deficit on the day. The near-term bullish trend remained intact, supported by the latest breakthrough to $41,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $18,504 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was a bullish day on Saturday. Bitcoin Cash SV surged by 61.14% to lead the pack, with Chainlink rallying by 15.41%. Cardano’s ADA (+8.99%), Ethereum (+5.27%), and Polkadot (+5.97%) also made solid gains. Binance Coin (+3.71%), Crypto.com Coin (+3.40%), Litecoin (+3.14%), and Ripple’s XRP (+1.36%) trailed the front runners. In the current week, the crypto total market cap slid to a Monday low $735.72bn before rising to a Friday high $1,115.32bn. At the time of writing, the total market cap stood at $1,086.23bn. Bitcoin’s dominance fell to a Monday low 67.66% before rising to a Friday high 71.37%. At the time of writing, Bitcoin’s dominance stood at 69.47%. This Morning At the time of writing, Bitcoin was up by 0.85% to $40,510.0. A bullish start to the day saw Bitcoin rise from an early morning low $40,170.0 to a high $40,540.0. Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was a mixed start to the day. Bitcoin Cash SV (-6.14%) and Polkadot (-0.34%) saw red early on to buck the trend. Story continues It was a bullish start to the day for the rest of the majors, however. At the time of writing, Chainlink was up by 1.89% to lead the way. For the Bitcoin Day Ahead Bitcoin would need to avoid a fall through the pivot level at $40,089 to bring the first major resistance level at $41,478 into play. Support from the broader market would be needed for Bitcoin to break out from Saturday’s high $41,399.0. Barring an extended crypto rally, first major resistance level and resistance at $41,500 would likely cap any upside. In the event of another extended crypto rally, Bitcoin could test resistance at $43,500 before any pullback. The second major resistance level sits at $42,788. Failure to avoid a fall through the $40,089 pivot would bring the first major support level at $38,779 into play. Barring another extended crypto sell-off, Bitcoin should continue to steer clear of sub-$38,000 levels. The second major support level sits at $37,390. This article was originally posted on FX Empire More From FXEMPIRE: S&P 500 Weekly Price Forecast – Stock Markets Continue to Rally The Week Ahead – Economic Data, COVID-19, and Capitol Hill in Focus Gold Price Prediction – Prices Drop Sharply as Yields Continue to Rise U.S Mortgage Rates Start the Year with Another Record Low NZD/USD Forex Technical Analysis – Overbalancing Time Will Be First Sign of Weakness The Crypto Daily – Movers and Shakers – January 9th, 2021', 'Bitcoin, BTC to USD, fell by 0.82% on Saturday. Partially reversing a 2.85% gain from Friday, Bitcoin ended the day at $40,168.0.\nIt was a mixed start to the day. Bitcoin rose to an early morning high $40,915.0 before hitting reverse.\nFalling short of the major resistance levels, Bitcoin fell to a mid-morning intraday low $38,700.0.\nSteering clear of the first major resistance level at $37,386, Bitcoin rallied to a mid-afternoon intraday high $41,399.0.\nFalling short of the first major resistance level at $42,800, Bitcoin fell back to sub-$40,000 levels.\nFinding late support, however, Bitcoin moved back through to $40,000 levels to reduce the deficit on the day.\nThe near-term bullish trend remained intact, supported by the latest breakthrough to $41,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $18,504 to form a near-term bearish trend.\nAcross the rest of the majors, it was a bullish day on Saturday.\nBitcoin Cash SVsurged by 61.14% to lead the pack, withChainlinkrallying by 15.41%.\nCardano’s ADA(+8.99%),Ethereum(+5.27%), and Polkadot (+5.97%) also made solid gains.\nBinance Coin(+3.71%),Crypto.com Coin(+3.40%),Litecoin(+3.14%), andRipple’s XRP(+1.36%) trailed the front runners.\nIn the current week, the crypto total market cap slid to a Monday low $735.72bn before rising to a Friday high $1,115.32bn. At the time of writing, the total market cap stood at $1,086.23bn.\nBitcoin’s dominance fell to a Monday low 67.66% before rising to a Friday high 71.37%. At the time of writing, Bitcoin’s dominance stood at 69.47%.\nAt the time of writing, Bitcoin was up by 0.85% to $40,510.0. A bullish start to the day saw Bitcoin rise from an early morning low $40,170.0 to a high $40,540.0.\nBitcoin left the major support and resistance levels untested early on.\nElsewhere, it was a mixed start to the day.\nBitcoin Cash SV (-6.14%) and Polkadot (-0.34%) saw red early on to buck the trend.\nIt was a bullish start to the day for the rest of the majors, however.\nAt the time of writing, Chainlink was up by 1.89% to lead the way.\nBitcoin would need to avoid a fall through the pivot level at $40,089 to bring the first major resistance level at $41,478 into play.\nSupport from the broader market would be needed for Bitcoin to break out from Saturday’s high $41,399.0.\nBarring an extended crypto rally, first major resistance level and resistance at $41,500 would likely cap any upside.\nIn the event of another extended crypto rally, Bitcoin could test resistance at $43,500 before any pullback. The second major resistance level sits at $42,788.\nFailure to avoid a fall through the $40,089 pivot would bring the first major support level at $38,779 into play.\nBarring another extended crypto sell-off, Bitcoin should continue to steer clear of sub-$38,000 levels. The second major support level sits at $37,390.\nThisarticlewas originally posted on FX Empire\n• S&P 500 Weekly Price Forecast – Stock Markets Continue to Rally\n• The Week Ahead – Economic Data, COVID-19, and Capitol Hill in Focus\n• Gold Price Prediction – Prices Drop Sharply as Yields Continue to Rise\n• U.S Mortgage Rates Start the Year with Another Record Low\n• NZD/USD Forex Technical Analysis – Overbalancing Time Will Be First Sign of Weakness\n• The Crypto Daily – Movers and Shakers – January 9th, 2021', 'This article was originally published on ETFTrends.com. By Mark Hackett Thoughts Markets are poised to begin 2021 similar to how 2020 ended, with a broad market rally. Last week saw a strong close to the year, with the S&P 500® Index touching its 33rd record close for 2020. The primary drivers of market strength continue to be optimism surrounding the vaccines and the benefits from the latest round of fiscal stimulus. The S&P 500 gained 68% from the March low after losing more than one-third of its value in less than a month, finishing the year with a return of 18.4%, the sixth-best performance in the past 20 years. Notable winners including the NASDAQ (+44.9%), the Russell 1000 Growth Index (+39.5%) and MSCI Emerging Market Index (+18.7%). Sentiment indicators reinforce the enthusiasm of investors, with the American Association of Individual Investors showing bearishness at multi-year lows. A Bank of America survey of fund managers showed the lowest level of cash in nearly eight years. The strong sentiment reading also reflects elevated valuations, with the S&P 500 at 22x forward earnings and the NASDAQ at 28x earnings. IPO activity also reflected the optimism, with $368 billion more than 50% above the previous high. Betting odds and polls have steadily shifted towards Democrats winning the Georgia runoff election and control of the Senate. Coinciding with that shift has been a steadily improving equity market, suggesting that investors are betting on incremental stimulus, but not enough of a mandate to drive transformational tax or regulatory reform. This is consistent with the “glass half-full” mindset of investors over the past two months. News The vaccine rollout has lagged initial estimates, with just 4.2 million doses administered as of Saturday, below the 20 million year-end goal. Doctor Fauci, while acknowledging disappointment, noted that the pace has accelerated and could be fully on track within a week. Georgia is set to hold a runoff election on Tuesday that will determine control of the Senate. The Democrats hold modest leads in polls and early voting per RealClearPolitics, while betting market Predictit gives Republicans a slight lead in odds of retaining power. Even if the Democrats gain control, the margin will be remarkably thin, and analysts are skeptical over whether a meaningful shift in tax or regulatory policy is possible. Democrat control could, however, spark another round of coronavirus stimulus and potentially an infrastructure package. Story continues What to Watch Economic data is plentiful this week, with PMI data on Monday and Wednesday, ISM data Tuesday, durable goods on Wednesday and the monthly payroll report on Friday. Originally published by Nationwide, 1/4/21 Disclaimers This material is not a recommendation to buy, sell, hold or roll over any asset, adopt an investment strategy, retain a specific investment manager or use a particular account type. It does not take into account the specific investment objectives, tax and financial condition, or particular needs of any specific person. Investors should work with their financial professional to discuss their specific situation. Nationwide Funds distributed by Nationwide Fund Distributors LLC (
**Last 60 Days of Bitcoin's Closing Prices:**
[15701.34, 16276.34, 16317.81, 16068.14, 15955.59, 16716.11, 17645.41, 17804.01, 17817.09, 18621.31, 18642.23, 18370.00, 18364.12, 19107.46, 18732.12, 17150.62, 17108.40, 17717.41, 18177.48, 19625.84, 18803.00, 19201.09, 19445.40, 18699.77, 19154.23, 19345.12, 19191.63, 18321.14, 18553.92, 18264.99, 18058.90, 18803.66, 19142.38, 19246.64, 19417.08, 21310.60, 22805.16, 23137.96, 23869.83, 23477.29, 22803.08, 23783.03, 23241.35, 23735.95, 24664.79, 26437.04, 26272.29, 27084.81, 27362.44, 28840.95, 29001.72, 29374.15, 32127.27, 32782.02, 31971.91, 33992.43, 36824.36, 39371.04, 40797.61, 40254.55]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2021-01-10
**Financial & Commodity Data:**
- Gold Closing Price: $1834.10
- Crude Oil Closing Price: $52.24
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $759,837,365,412
- Hash Rate: 162879650.9247733
- Transaction Count: 331865.0
- Unique Addresses: 768365.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.94
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Rostislav Solod, 19, is the youngest lawmaker in the city of Kramatorsk, Ukraine. He’s also a crypto millionaire.
Solod is the son of two national parliament members, Yuri Solod and Natalia Korolevska. He entered politics this autumn, fresh out of school. In his obligatory property declaration, he said heowned 185,000 monero, or $24.5 million worth of the cryptocurrency.
This was, in fact, the only piece of property the young lawmaker owned himself. Everything else in hisdeclaration, including real estate, cars and trademarks, belongs to his parents.
Related:Ukrainian Politician Discloses Owning $24M in Privacy Coin Monero
Solod told CoinDesk during a recent interview that he started watching crypto when he was at school, around 2014. Bitcoin did not attract him. Monero (XMR), on the other hand, seemed like a more viable cryptocurrency due to its anonymity and constant demand by the dark market, Solod said.
He accumulated monero through 2015 on exchanges, he said, using his savings and some money his parents gave him for a business project that never happened. Solod “never really liked school,” he said, so he spent a lot of time studying financial markets and learning about crypto.
Ukraine, which was rated by Chainalysis as the country with thehighest crypto adoption levelin the world, is now in the process of passing itsfirst legislation regulating crypto. Solod admits that, at first, he was not crazy about this.
“For me, as an entrepreneur and a young guy, this is bad: I used to see crypto as an island in the ocean, untouched by a sinful hand. An absolutely free zone where everyone can do anything. But as a politician, I understand that this law will bring money into the [country’s] budget,” Solod said.
Related:Ukraine's Draft Crypto Bill Passes First Parliamentary Hearing
Monero’s privacy feature no longer applies to Solod. He must report all his property as a public official, thanks to a law intended to prevent corruption and illegal enrichment in the country’s echelons of power. Going forward, the young politician might liquidate the crypto and reinvest the money into a new business project, he said.
Solod is thinking about getting into crypto mining (no decision on what coin so far) and buying some tokens from the freshly launchedEfforceproject supported by Apple co-founder Steve Wozlniak. But his favorite crypto-related plan is launching his own token, Solod said.
“Elections and the political career distracted me from these plans for a while,” he said.
They distract him from his studies as well. Solod said he’s currently pursuing an economy major at the Royal Holloway University in London. He’s studying remotely due to the coronavirus quarantine, he said, although it’s sometimes hard to find time for both work and school.
Asked why he decided to go into politics, Solod referred to his family, saying that “he was born in it.”
“I was interested to figure out why the country isn’t developing,” Solod said. “I really want to change the situation with the corruption. The old methods to prevent it aren’t working anymore.”
• Meet the 19-Year-Old Ukrainian Lawmaker With Millions in Monero
• Meet the 19-Year-Old Ukrainian Lawmaker With Millions in Monero...
- Reddit Posts (Sample): [['u/LayingWaste', 'PSA: ROGER VER DID NOT CREATE BITCOIN CASH! SATOSHI DID!', 121, '2021-01-10 00:16', 'https://www.reddit.com/r/btc/comments/ku1x91/psa_roger_ver_did_not_create_bitcoin_cash_satoshi/', 'I see a lot of people say that Roger created Bitcoin cash. This is not a truth. Satoshi Nakamoto created Bitcoin cash.', 'https://www.reddit.com/r/btc/comments/ku1x91/psa_roger_ver_did_not_create_bitcoin_cash_satoshi/', 'ku1x91', [['u/hero462', 40, '2021-01-10 00:25', 'https://www.reddit.com/r/btc/comments/ku1x91/psa_roger_ver_did_not_create_bitcoin_cash_satoshi/gipfknx/', "Roger didn't endorse Bitcoin Cash until months after it's creation. He stuck w BTC until the developement reneged on doubing the blocksize.", 'ku1x91'], ['u/Brilliant_Wall_9158', 23, '2021-01-10 00:50', 'https://www.reddit.com/r/btc/comments/ku1x91/psa_roger_ver_did_not_create_bitcoin_cash_satoshi/gipiee3/', 'Yup this false narrative is pushed by BTC people to spread FUD about BCH with their LIES. We know better and stay strong keep the truth alive 💪', 'ku1x91'], ['u/-__-_-__-_-__-', 48, '2021-01-10 01:10', 'https://www.reddit.com/r/btc/comments/ku1x91/psa_roger_ver_did_not_create_bitcoin_cash_satoshi/gipkmod/', 'Roger Ver selling fireworks on eBay also didn’t matter when he supported BTC but now it’s apparently a really big deal', 'ku1x91'], ['u/MobTwo', 18, '2021-01-10 01:19', 'https://www.reddit.com/r/btc/comments/ku1x91/psa_roger_ver_did_not_create_bitcoin_cash_satoshi/giplrot/', 'This needs to be up higher.', 'ku1x91'], ['u/throwawayo12345', 13, '2021-01-10 01:45', 'https://www.reddit.com/r/btc/comments/ku1x91/psa_roger_ver_did_not_create_bitcoin_cash_satoshi/gipos15/', 'Then how about fucking off to your circle jerk sub that shills prices constantly so you can dump on newbs for that sweet, centralized, government fiat.', 'ku1x91'], ['u/Brilliant_Wall_9158', 10, '2021-01-10 01:54', 'https://www.reddit.com/r/btc/comments/ku1x91/psa_roger_ver_did_not_create_bitcoin_cash_satoshi/gipprq4/', 'Sure you do buddy, sure you do ❤️', 'ku1x91'], ['u/n00byshroomy', 16, '2021-01-10 01:59', 'https://www.reddit.com/r/btc/comments/ku1x91/psa_roger_ver_did_not_create_bitcoin_cash_satoshi/gipqdkd/', '"flipped someone off on camera"\n\nWow such a crime.', 'ku1x91'], ['u/jonald_fyookball', 38, '2021-01-10 02:04', 'https://www.reddit.com/r/btc/comments/ku1x91/psa_roger_ver_did_not_create_bitcoin_cash_satoshi/gipqwj0/', "Even the actual fork though, wasn't Roger either.", 'ku1x91'], ['u/Ant-n', 16, '2021-01-10 02:21', 'https://www.reddit.com/r/btc/comments/ku1x91/psa_roger_ver_did_not_create_bitcoin_cash_satoshi/gipsve0/', '>\tRoger didn’t endorse Bitcoin Cash until months after it’s creation. He stuck w BTC until the developement reneged on doubing the blocksize\n\nThis, he came to BCH quite late.\n\nI guess he hoped compromise was still possible on S2X\n\nI remember being disappointed not having his support earlier.', 'ku1x91'], ['u/Frag1le', 14, '2021-01-10 02:22', 'https://www.reddit.com/r/btc/comments/ku1x91/psa_roger_ver_did_not_create_bitcoin_cash_satoshi/gipt0ik/', 'The maxis grabbed anything they could to discredit him.', 'ku1x91'], ['u/Ant-n', 10, '2021-01-10 02:24', 'https://www.reddit.com/r/btc/comments/ku1x91/psa_roger_ver_did_not_create_bitcoin_cash_satoshi/gipt62l/', '>\tand constanty lies about all the big block censorship, \n\nCan you be specific?\n\nCare to give an example or share a link.', 'ku1x91'], ['u/1MightBeAPenguin', 10, '2021-01-10 04:18', 'https://www.reddit.com/r/btc/comments/ku1x91/psa_roger_ver_did_not_create_bitcoin_cash_satoshi/giq5uj4/', 'Theymos blocking discussion on XT is THE example (a prime example).', 'ku1x91'], ['u/1MightBeAPenguin', 29, '2021-01-10 04:20', 'https://www.reddit.com/r/btc/comments/ku1x91/psa_roger_ver_did_not_create_bitcoin_cash_satoshi/giq61xu/', "He always supported Bitcoin Cash (like he supports most other coins with fast, cheap, and reliable transactions), and wasn't opposed to it. He only dedicated his website resources and used it to promote Bitcoin Cash as Bitcoin once SegWit 2X failed. It's just a misunderstanding rather than a lie with mal-intent.", 'ku1x91'], ['u/longjumper90026', 10, '2021-01-10 05:01', 'https://www.reddit.com/r/btc/comments/ku1x91/psa_roger_ver_did_not_create_bitcoin_cash_satoshi/giqahm6/', "Roger came long after Satoshi and Roger had NOTHING to do with the development or launching of Bitcoin Cash. \n\nAt the time Bitcoin Cash was launched, Roger was still supporting BTC hoping those paid government stooges would eventually get their act together. When he ultimately realized they didn't want peer to peer electronic cash for the world, that's when he switched his support over to Bitcoin Cash (which already existed at that point). I only know this because he has told the story multiple times and others have corroborated it.\n\nDon't know the guy. But I know of him. Simply put there are not enough appreciation threads for this dude. He has been very generous as far as I can see. He is a big supporter of causes like Free Ross and many others.\n\nThank you for all your efforts Roger I hope you are greatly rewarded! You deserve it.", 'ku1x91']]], ['u/nitra007', 'Anyone born after 1990', 51, '2021-01-10 00:53', 'https://www.reddit.com/r/Bitcoin/comments/ku2l90/anyone_born_after_1990/', 'All in or you’re a pussy\n\nHave an emergency fund/ big dip fiat stack 5% and rest bitcoin or g*ns \n\nYou could fall flat on your face and be 28-35 with the rest of your life ahead of you\n\nAny rich 60 year old will swap their status to be 25 and broke again\n\nATTACK!!!\n\n\nPlease don’t buy any shitcoins', 'https://www.reddit.com/r/Bitcoin/comments/ku2l90/anyone_born_after_1990/', 'ku2l90', [['u/kx2UPP', 17, '2021-01-10 00:56', 'https://www.reddit.com/r/Bitcoin/comments/ku2l90/anyone_born_after_1990/gipj2te/', 'What if you’re born on 1990', 'ku2l90'], ['u/moonRekt', 60, '2021-01-10 00:58', 'https://www.reddit.com/r/Bitcoin/comments/ku2l90/anyone_born_after_1990/gipjbiy/', 'U speak some truth but also sound drunk. I’m inspired and reducing my 10% fiat stack to 5% so im not a bitch', 'ku2l90'], ['u/nitra007', 38, '2021-01-10 01:09', 'https://www.reddit.com/r/Bitcoin/comments/ku2l90/anyone_born_after_1990/gipkl9k/', 'Both are true', 'ku2l90'], ['u/jerry_03', 10, '2021-01-10 05:21', 'https://www.reddit.com/r/Bitcoin/comments/ku2l90/anyone_born_after_1990/giqcowf/', 'im 29. Im about 75% in BTC. 20% in stocks. 5% in USD (savings account)', 'ku2l90'], ['u/cats', 15, '2021-01-10 05:39', 'https://www.reddit.com/r/Bitcoin/comments/ku2l90/anyone_born_after_1990/giqeksp/', "You're past the cutoff bro. Go invest in your boomer stocks.\n\nJk. Just pay me 10% fee and I'll let you invest in BTC.", 'ku2l90'], ['u/jizzcock', 12, '2021-01-10 11:00', 'https://www.reddit.com/r/Bitcoin/comments/ku2l90/anyone_born_after_1990/gir1tjo/', '"go all in or ur a pussy"\n\n"Have a 5% emergency fund"\n\nThat\'s not all in. Pussy.', 'ku2l90']]], ['u/cryptoroller', 'The security of Nano', 52, '2021-01-10 01:11', 'https://www.reddit.com/r/nanocurrency/comments/ku2y1p/the_security_of_nano/', 'I just found out about Nano and am interested to get on board. However, I would like to understand if there are any long-term security issues that could arise with a fee-less coin? Perhaps some of you can explain a little about how the incentive structure works for processing transactions etc? As a comparison, I am not sure about the long-term security of Bitcoin because I have not understood exactly how the lower returns for mining (and transactions) in the future will be enough to incentivize miners to keep the Bitcoin network secure. I am more comfortable with PoS coins than deflationary PoW coins because of this. So I was wondering if any security issues may arise with Nano, where the transaction processors do not earn anything at all? Bear in mind that I do not know so much about Nano yet but understand technical aspects such as DAGs etc.', 'https://www.reddit.com/r/nanocurrency/comments/ku2y1p/the_security_of_nano/', 'ku2y1p', [['u/c0wt00n', 24, '2021-01-10 01:18', 'https://www.reddit.com/r/nanocurrency/comments/ku2y1p/the_security_of_nano/giplkbh/', "nano isn't a proof of work coin, so there isn't a need for fees in order to incentivize work to secure transactions. It's more like a PoS coin, where the coin weight of an account is what goes into securing transactions. It's called Open Representative Voting or ORV if you want to search for more info about it", 'ku2y1p'], ['u/enzo-aag', 16, '2021-01-10 01:42', 'https://www.reddit.com/r/nanocurrency/comments/ku2y1p/the_security_of_nano/gipodu7/', 'Nano’s security relies on the selection of good representatives by fund holders. Ideally you select representative’s maintained by organizations that have an interest in the correct functioning of the network. If for any reason there’s suspicion that one of them are misbehaving, people can simply delegate their funds to another. This is why it’s important to have a good amount of principal representatives, so that no misbehaving one can have a big negative impact on the network.', 'ku2y1p'], ['u/JusticeLoveMercy', 12, '2021-01-10 01:50', 'https://www.reddit.com/r/nanocurrency/comments/ku2y1p/the_security_of_nano/gippdww/', "It is similar to proof of stake but is actually better. It is like proof of stake except there is no reward for staking and your coins are not staked or locked for any amount of time. The problem with mining and staking type coins with rewards for blocks is the incentive tends to centralize the network. Miners form mining pools and stakers form staking pools...centralization because you get a better chance to get the reward...thus the incentive tends to bring their coins together rather than keep them spread out. \n\nNano has no reward for securing the network. It is run by volunteers. But because Nano is so energy efficient it doesn't cost a lot of $$ to maintain the network. A full on high powered node can be ...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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35566.66, 33922.96, 37316.36, 39187.33, 36825.37, 36178.14, 35791.28, 36630.07, 36069.80, 35547.75
|
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['By Rodrigo Campos NEW YORK (Reuters) - Stocks fell on Monday, slipping from record highs, partly on caution over rising coronavirus cases globally while elevated Treasury yields continued to support the dollar, which touched its highest since December against a basket of peers. Worldwide coronavirus cases surpassed 90 million on Monday, according to a Reuters tally. Stocks on Wall Street slipped ahead of the start of an earnings season that arrives with equities at record highs, and as House Democrats introduced an article of impeachment against President Donald Trump. Rising coronavirus cases across Europe and China dragged down commodity stocks. The Dow Jones Industrial Average fell 89.28 points, or 0.29%, to 31,008.69, the S&P 500 lost 25.07 points, or 0.66%, to 3,799.61 and the Nasdaq Composite dropped 165.54 points, or 1.25%, to 13,036.43. The pan-European STOXX 600 index lost 0.67%. With Asian stock markets also lower, MSCI\'s gauge of stocks across the globe shed 0.77% after closing at a record high on Friday. Longer-term Treasury yields were at their highest since March before new long-dated supply coming this week and on speculation of more U.S. fiscal stimulus as Democrats will have control of Congress and the White House. Expectations of a multitrillion-dollar stimulus plan and the belief the Federal Reserve will not act to counter rising interest rates, along with new Treasury supply are helping yields rise, said Gennadiy Goldberg, an interest rate strategist at TD Securities in New York. Benchmark 10-year notes last fell 11/32 in price to yield 1.1443%, from 1.107% late on Friday. The spread between the 2-year and 10-year Treasury yield brushed against 100 basis points to hit its steepest since July 2017. The climb in yields in turn offered some support to the dollar, which rose to its highest in over two weeks against a basket of currencies. "While the USD may catch a bid on position-adjustment or profit-taking after its recent weakness, a sustained recovery will have to be accompanied by either a clear improvement in recent yield trends or a positive U.S. growth shock," said Shaun Osborne, chief currency strategist at Scotiabank. Story continues The dollar index rose 0.256%, with the euro down 0.54% to $1.2152. Morgan Stanley said it had moved to neutral from bullish on emerging market currencies as its forecasts had been hit and factors that kept the U.S. dollar on the back foot may not be sustained. The Japanese yen weakened 0.24% versus the greenback at 104.20 per dollar, while Sterling was last trading at $1.3516, down 0.35% on the day. Crude oil prices fell, hit by renewed concerns about global fuel demand amid tough coronavirus lockdowns across the globe, as well as the stronger dollar. [O/R] "The renewed concerns about demand due to very high numbers of new (COVID-19) cases and further mobility restrictions, plus the stronger U.S. dollar, are generating selling pressure," Commerzbank analyst Eugen Weinberg said. U.S. crude recently fell 0.1% to $52.19 per barrel and Brent was at $55.61, down 0.68% on the day. Spot gold dropped 0.2% to $1,844.27 an ounce. Silver fell 1.70% to $24.94. Bitcoin last fell 9.98% to $34,362.43. At its session low, the cryptocurrency fell 21% on Monday. (Reporting by Rodrigo Campos; additional reporting by Medha Singh and Devik Jain in Bengaluru, Stephanie Kelly, Saqib Iqbal Ahmed, Karen Brettell and Herbert Lash in New York; editing by Nick Zieminski and Lisa Shumaker)', 'By Rodrigo Campos NEW YORK (Reuters) - Stocks fell on Monday, slipping from record highs, partly on caution over rising coronavirus cases globally while elevated Treasury yields continued to support the dollar, which touched its highest since December against a basket of peers. Worldwide coronavirus cases surpassed 90 million on Monday, according to a Reuters tally. Stocks on Wall Street slipped ahead of the start of an earnings season that arrives with equities at record highs, and as House Democrats introduced an article of impeachment against President Donald Trump. Rising coronavirus cases across Europe and China dragged down commodity stocks. The Dow Jones Industrial Average fell 89.28 points, or 0.29%, to 31,008.69, the S&P 500 lost 25.07 points, or 0.66%, to 3,799.61 and the Nasdaq Composite dropped 165.54 points, or 1.25%, to 13,036.43. The pan-European STOXX 600 index lost 0.67%. With Asian stock markets also lower, MSCI\'s gauge of stocks across the globe shed 0.77% after closing at a record high on Friday. Longer-term Treasury yields were at their highest since March before new long-dated supply coming this week and on speculation of more U.S. fiscal stimulus as Democrats will have control of Congress and the White House. Expectations of a multitrillion-dollar stimulus plan and the belief the Federal Reserve will not act to counter rising interest rates, along with new Treasury supply are helping yields rise, said Gennadiy Goldberg, an interest rate strategist at TD Securities in New York. Benchmark 10-year notes last fell 11/32 in price to yield 1.1443%, from 1.107% late on Friday. The spread between the 2-year and 10-year Treasury yield brushed against 100 basis points to hit its steepest since July 2017. The climb in yields in turn offered some support to the dollar, which rose to its highest in over two weeks against a basket of currencies. "While the USD may catch a bid on position-adjustment or profit-taking after its recent weakness, a sustained recovery will have to be accompanied by either a clear improvement in recent yield trends or a positive U.S. growth shock," said Shaun Osborne, chief currency strategist at Scotiabank. Story continues The dollar index rose 0.256%, with the euro down 0.54% to $1.2152. Morgan Stanley said it had moved to neutral from bullish on emerging market currencies as its forecasts had been hit and factors that kept the U.S. dollar on the back foot may not be sustained. The Japanese yen weakened 0.24% versus the greenback at 104.20 per dollar, while Sterling was last trading at $1.3516, down 0.35% on the day. Crude oil prices fell, hit by renewed concerns about global fuel demand amid tough coronavirus lockdowns across the globe, as well as the stronger dollar. [O/R] "The renewed concerns about demand due to very high numbers of new (COVID-19) cases and further mobility restrictions, plus the stronger U.S. dollar, are generating selling pressure," Commerzbank analyst Eugen Weinberg said. U.S. crude recently fell 0.1% to $52.19 per barrel and Brent was at $55.61, down 0.68% on the day. Spot gold dropped 0.2% to $1,844.27 an ounce. Silver fell 1.70% to $24.94. Bitcoin last fell 9.98% to $34,362.43. At its session low, the cryptocurrency fell 21% on Monday. (Reporting by Rodrigo Campos; additional reporting by Medha Singh and Devik Jain in Bengaluru, Stephanie Kelly, Saqib Iqbal Ahmed, Karen Brettell and Herbert Lash in New York; editing by Nick Zieminski and Lisa Shumaker)', 'By Rodrigo Campos NEW YORK (Reuters) - Stocks fell on Monday, slipping from record highs, partly on caution over rising coronavirus cases globally while elevated Treasury yields continued to support the dollar, which touched its highest since December against a basket of peers. Worldwide coronavirus cases surpassed 90 million on Monday, according to a Reuters tally. Stocks on Wall Street slipped ahead of the start of an earnings season that arrives with equities at record highs, and as House Democrats introduced an article of impeachment against President Donald Trump. Rising coronavirus cases across Europe and China dragged down commodity stocks. The Dow Jones Industrial Average fell 89.28 points, or 0.29%, to 31,008.69, the S&P 500 lost 25.07 points, or 0.66%, to 3,799.61 and the Nasdaq Composite dropped 165.54 points, or 1.25%, to 13,036.43. The pan-European STOXX 600 index lost 0.67%. With Asian stock markets also lower, MSCI\'s gauge of stocks across the globe shed 0.77% after closing at a record high on Friday. Longer-term Treasury yields were at their highest since March before new long-dated supply coming this week and on speculation of more U.S. fiscal stimulus as Democrats will have control of Congress and the White House. Expectations of a multitrillion-dollar stimulus plan and the belief the Federal Reserve will not act to counter rising interest rates, along with new Treasury supply are helping yields rise, said Gennadiy Goldberg, an interest rate strategist at TD Securities in New York. Benchmark 10-year notes last fell 11/32 in price to yield 1.1443%, from 1.107% late on Friday. The spread between the 2-year and 10-year Treasury yield brushed against 100 basis points to hit its steepest since July 2017. The climb in yields in turn offered some support to the dollar, which rose to its highest in over two weeks against a basket of currencies. "While the USD may catch a bid on position-adjustment or profit-taking after its recent weakness, a sustained recovery will have to be accompanied by either a clear improvement in recent yield trends or a positive U.S. growth shock," said Shaun Osborne, chief currency strategist at Scotiabank. Story continues The dollar index rose 0.256%, with the euro down 0.54% to $1.2152. Morgan Stanley said it had moved to neutral from bullish on emerging market currencies as its forecasts had been hit and factors that kept the U.S. dollar on the back foot may not be sustained. The Japanese yen weakened 0.24% versus the greenback at 104.20 per dollar, while Sterling was last trading at $1.3516, down 0.35% on the day. Crude oil prices fell, hit by renewed concerns about global fuel demand amid tough coronavirus lockdowns across the globe, as well as the stronger dollar. [O/R] "The renewed concerns about demand due to very high numbers of new (COVID-19) cases and further mobility restrictions, plus the stronger U.S. dollar, are generating selling pressure," Commerzbank analyst Eugen Weinberg said. U.S. crude recently fell 0.1% to $52.19 pe
**Last 60 Days of Bitcoin's Closing Prices:**
[16276.34, 16317.81, 16068.14, 15955.59, 16716.11, 17645.41, 17804.01, 17817.09, 18621.31, 18642.23, 18370.00, 18364.12, 19107.46, 18732.12, 17150.62, 17108.40, 17717.41, 18177.48, 19625.84, 18803.00, 19201.09, 19445.40, 18699.77, 19154.23, 19345.12, 19191.63, 18321.14, 18553.92, 18264.99, 18058.90, 18803.66, 19142.38, 19246.64, 19417.08, 21310.60, 22805.16, 23137.96, 23869.83, 23477.29, 22803.08, 23783.03, 23241.35, 23735.95, 24664.79, 26437.04, 26272.29, 27084.81, 27362.44, 28840.95, 29001.72, 29374.15, 32127.27, 32782.02, 31971.91, 33992.43, 36824.36, 39371.04, 40797.61, 40254.55, 38356.44]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2021-01-11
**Financial & Commodity Data:**
- Gold Closing Price: $1849.60
- Crude Oil Closing Price: $52.25
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $759,837,365,412
- Hash Rate: 157757649.32336533
- Transaction Count: 333958.0
- Unique Addresses: 801285.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.90
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Ethereum’s mining competition just got a bit hotter, even as the second-largest blockchain by market cap has begun the formal process of getting rid of its dependency on the industry all together. Shenzhen, China-based mining firm Linzhi Inc. has begun rolling out a new Ethereum ASIC miner dubbed the Phoenix, reportedly three times more powerful than top options available today. As reported by CoinDesk , the journey to produce a more powerful and efficient Ethash ASIC miner was begun some two years ago by Chen Min, former CTO of mining giant Canaan. Mining pool F2 Pool released a demo of the new machine on YouTube Saturday. The Phoenix outpaces the next best A10+ Pro at 2,600 megahashes per second MH/s to around 500 MH/s. Linzhi’s new machine is also more energy efficient clocking in at 3,000 watts per hour to the A10+ Pro’s 1,300 W, F2 Pool says. Related: US Bitcoin Mining Firm Core Scientific to Triple Capacity With Massive 59,000-Machine Order “If you look back on CoinDesk reporting about Linzhi dating back to the first article in September, 2018, it’s clear we had delays,” Linzhi Director of Operations Wolfgang Spraul told CoinDesk in an email. “Some due to underestimating the technology, then some due” to the coronavirus pandemic. Read more: Ethereum Fees Plummeted 65% in October Following DeFi Volumes Back to Earth Spraul said the firm is rolling out pre-orders and limited quantities to “developers, community, pool operators, etc.” Innosilicon carries the A10+ Pro for about $4,440 per unit while Linzhi has yet to release a public price figure. Scrapping Ethereum mining The new product comes as the Ethereum network has begun a technical transition from a proof-of-work (PoW) consensus mechanism to proof-of-stake (PoS). That process began Dec. 1 with the launch of the Beacon Chain . That chain acts as a central conductor for the new blockchain network which uses coin deposits as a means of securing the network, called “staking,” over mining. Story continues Related: What Is Proof-of-Work? Read more: What Is Proof-of-Work? Still, miners have at least a two-year runway with PoW on Ethereum. The current network, Eth 1.x, won’t be moved over to the new PoS blockchain until phase 1.5 of Eth 2.0. The current Linzhi Phoenix demoed by F2 Pool will need at least one upgrade to stay useful before that transition, however. The Ethereum network’s directed acyclic graph (DAG) – a component of Ethereum’s PoW algorithm called Ethash – stands at just under 4 gb , while each Linzhi Phoenix only has a 4.4 GB memory. The incumbent A10, on the other hand, can house between 6 and 8 gigabytes, F2 Pool says. The Phoenix will need a bump in memory size or aftermarket components if it is not to become obsolete before phase 1.5. Spraul told CoinDesk in an email that the Phoenix miners currently rolling out are limited to quantities of pre-orders. The firm is “working on a successor with an increase in DAG memory – no specs yet,” he said. Of course, other Ethash-based cryptocurrencies such as Ethereum Classic will still be using proof-of-work, meaning a market will still exist for the Phoenix even after Eth 2.0 phase 1.5. Related Stories Linzhi Begins Rollout of Long-Awaited Ethereum Miner ‘Phoenix’ Linzhi Begins Rollout of Long-Awaited Ethereum Miner ‘Phoenix’...
- Reddit Posts (Sample): [['u/kir4t0m', 'Why is Bitcoin still so popular while there are way better alternatives like Cardano?', 48, '2021-01-11 00:02', 'https://www.reddit.com/r/cardano/comments/kupein/why_is_bitcoin_still_so_popular_while_there_are/', "Hello, I'm new to crypto so this might be a dumb question.\n\nI'm just starting to learn how cryptos work and I've fallen in love with the Cardano project but I don't understand why Bitcoin is still growing while there are alternatives to the PoW protocol which is very energy consuming and now usable only by a minority of people and Bitcoin being limited to be used as a currency.\n\nHave a nice day!", 'https://www.reddit.com/r/cardano/comments/kupein/why_is_bitcoin_still_so_popular_while_there_are/', 'kupein', [['u/Airborne_Avocado', 52, '2021-01-11 00:13', 'https://www.reddit.com/r/cardano/comments/kupein/why_is_bitcoin_still_so_popular_while_there_are/git8fd0/', 'Network effect, first mover and it’s been proven tech for over a decade.', 'kupein'], ['u/BinaryCopper', 13, '2021-01-11 01:06', 'https://www.reddit.com/r/cardano/comments/kupein/why_is_bitcoin_still_so_popular_while_there_are/gitewpd/', "It seems to me like bitcoin is an avatar for the crypto industry by way of being the first crypto to really explode. Someday Bitcoin's market cap will be passed up by a more useful crypto, and then I think it will go to zero, since Bitcoin's value seems to come largely from the expectation of it remaining most prominent cryptocurrency and continuing to go up more than the others.", 'kupein'], ['u/todayismycheatday', 17, '2021-01-11 01:21', 'https://www.reddit.com/r/cardano/comments/kupein/why_is_bitcoin_still_so_popular_while_there_are/gitgmju/', "I am constantly asking myself that as well. Sometimes I think I must be wrong or crazy because so little people see it the same way.\n\nIt's just because BTC has proven to work for 12 years and it has name recognition and a large following.\n\nThe other side is that a lot of 3rd generation cryptocurrencies are just not ready yet and still need to prove themselves. Most people need to see to believe. \n\nAnd I also think a lot of people just don't know, don't understand or just don't want to know.\n\nIt's going to take some time but eventually tech that is more than 10x better (Cardano) will dominate. People will argue they have different use cases but Cardano has the same monetary policy (max supply and deflationary) and the same or better security so there is no reason why Bitcoin can be an SoV but Cardano can't. And Cardano has many, many advantages. Far more decentralized, uses far less energy, scalable, smart contracts, etc. The list goes on and on. I don't see a reason why I would ever trade my ADA for BTC to store my wealth. Everytime I ask someone who disagrees with that why I would use BTC over ADA they don't have any good reason. Even the upside for price appreciation is far bigger for Cardano. \n\nBut hey, maybe I'm just a dumbass who is wrong.", 'kupein'], ['u/k2thesawa', 39, '2021-01-11 01:43', 'https://www.reddit.com/r/cardano/comments/kupein/why_is_bitcoin_still_so_popular_while_there_are/gitjckh/', "Cardano isn't a replacement nor competitor to Bitcoin...", 'kupein'], ['u/AskWhat48', 11, '2021-01-11 02:12', 'https://www.reddit.com/r/cardano/comments/kupein/why_is_bitcoin_still_so_popular_while_there_are/gitmscu/', 'I agree with it currently being the avatar of the crypto industry, however in the future it is highly unlikely to go to zero. As with a lot of technology in the past, the "first mover" had an initial long run, however over time new technologies emerged that gradually overtook / co existed with the first mover.\n\nAn example is Microsoft being the dominant software platform in the 90\'s and early 2000\'s, before slowly being disrupted by Apple. Same as Nokia gradually being replaced over time as the leading mobile provider. While it is likely that over time other crypto\'s will be more dominant than Bitcoin, I think it\'s unlikely Bitcoin\'s value will go to zero. Even in the worst case scenario, its value may still hold to reasonably high levels due to its historical significance in promoting decentralisation/cryptocurrency (even if it has no utility).', 'kupein'], ['u/todayismycheatday', 11, '2021-01-11 10:40', 'https://www.reddit.com/r/cardano/comments/kupein/why_is_bitcoin_still_so_popular_while_there_are/giv05w5/', 'Microsoft, Apple, Facebook, Google, etc. They have all the resources to build a better platform and have an unrivaled massive userbase to tap into. They can then position themselves to be the best and dominant developers on that platform (like IOG is doing right now for Cardano). ETH and DOT are peanuts, they will compete but not significant enough to be worried about. ETH is years behind now in R&D and their "network effect" is already crumbling because of fundamental issues (gas fees for one). DOT is a far less elegant and lower quality solution. Algorand is on par with their quality but is centralized and has several other issues outside of the tech. Cardano has the whole picture, others don\'t.', 'kupein']]], ['u/blavejr', 'What incentive is there for people to keep wanting bitcoin?', 11, '2021-01-11 00:07', 'https://www.reddit.com/r/Bitcoin/comments/kupi23/what_incentive_is_there_for_people_to_keep/', "I'm a noob so please be nice. Can someone explain to me why people will keep wanting bitcoin for many years to come, what will drive up demand apart from FOMO?", 'https://www.reddit.com/r/Bitcoin/comments/kupi23/what_incentive_is_there_for_people_to_keep/', 'kupi23', [['u/goldstan', 19, '2021-01-11 00:10', 'https://www.reddit.com/r/Bitcoin/comments/kupi23/what_incentive_is_there_for_people_to_keep/git7zp1/', 'The memes drive up the price, the network effect solidifies the value', 'kupi23'], ['u/Mark_Bear', 20, '2021-01-11 00:20', 'https://www.reddit.com/r/Bitcoin/comments/kupi23/what_incentive_is_there_for_people_to_keep/git9amd/', '*The Trust Machine:*\n\nhttps://www.youtube.com/watch?v=ZKwqNgG-Sv4', 'kupi23'], ['u/JMP-23', 14, '2021-01-11 00:21', 'https://www.reddit.com/r/Bitcoin/comments/kupi23/what_incentive_is_there_for_people_to_keep/git9bxd/', "Bitcoin allows for the transfer of value between two parties ANYWHERE on Earth, without the need for an intermediary, such as a bank. Whether it's my brother in London, or a street vendor in Istanbul. This would completely disrupt the banking industry as we know it if we achieved mainstream adoption.\n\nAlso consider the scarcity aspect - the maximum number of Bitcoin there will ever be in existence is 21 million (not factoring in the estimated 3 - 4 million that have been lost)\n\nThe reasons are numerous, I'd recommend that you read 'The Bitcoin Standard' - it will answer all your questions in much better detail than I can!", 'kupi23']]], ['u/bawdyanarchist', 'My Thoughts on the Tether Situation', 37, '2021-01-11 00:17', 'https://www.reddit.com/r/xmrtrader/comments/kupola/my_thoughts_on_the_tether_situation/', 'Re-posted from a couple earlier comments I made, on recommendation of OP\n\nTLDR: The BTCUSD chart compared to the Tether chart says it all. USDT went from $6B to $16B in 5 months, even as the Bitcoin price was ranging around $10k +/- 20%. During this timeframe, Tether was experiencing what appears to be a losing court battle, while we saw insane pumps of absolute shitcoins for no apparent reason. Followed by a BTC rampage which we haven\'t seen since 2013, which is way out of trend, and doesn\'t make much sense (despite maximalist narratives).\n\nCheck TradingView. Pull up BTCUSD, and overlay USDT (by cling the "compare" button at the top middle of screen). For best viewing, you should pin the tether line to "new left scale" and then select "Regular" for the y-axis, and then you\'ll have to change the BTCUSD price on the right scale back to "Logarithmic."\n\nBetween May-Oct, Bitcoin\'s price was reasonably stable between 9k-12k, with a nice uptrend and recovery from the March dump. Of course Monero\'s performance over that time period was far better, with much better looking charts. Notice that between between May and Oct, Tether goes from 6 billion to 16 billion with repeated prints. \n\nWas that really institutional investors and retail, buying Tether intending to hold for 5 months before buying? Almost no one with any knowledge or money to speak of would do that. So where did that Tether go, and what was happening? \n\nThe last time we saw a parabolic 4x in the BTC price, was PlusToken ponzi, gobbling up 100k coins before being shut down, with the market top being literally the day they were arrested. But even that parabolic move pales in comparison to what just happened here for the past few months. Bitcoin has gone on a rampage, the likes of which we haven\'t seen since 2013. \n\nThis all occurred under various suspicious circumstances. Starting with the ongoing litigation against Tether. It wasn\'t looking good for them in court, and now, they have been ordered to provide documents which, if they provide what the judge has demanded, will almost certainly reveal their fraud. They might even be 100% backed, but their activities have largely been documented as fraudulent. So one has to wonder, did they see the writing on the wall and decide to go for one last hoorah before they have to stop?\n\nWe also have the ratio charts to look at, particularly for XMRBTC and ETHBTC. These charts were beautiful. Classic bottoming, RSI divergence over long timeframes, accumulation, reversal, followed by higher highs. And then suddenly, the dumbest most useless shitcoins start doing insane pumps, 2x, 3x, 4x in the span of days. We see these repeated scenarious where literally everything pumps except Monero. And then after those pumps are done, Monero pumps, usually solo.\n\nThen the Monero network, somehow comes under attack just months after the IRS awards a contract to try and break Monero. We were hanging on to the bottom of the ratio, despite r...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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33922.96, 37316.36, 39187.33, 36825.37, 36178.14, 35791.28, 36630.07, 36069.80, 35547.75, 30825.70
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['After her website faced repeated domain name revocations, Sci-Hub founder Alexandra Elbakyan has registered her website on the distributed domain names network Handshake. The pirated database of academic papers is now accessible directly through the service\x92s portals as well as through NextDNS , a privacy-focused, cloud-based domain name service resolver which converts IP addresses into domain names. \x93The DNS is like a phonebook for the internet. The addresses in the phonebook are the server IP addresses. DNS was created to give IP addresses human-readable names so with our platform, you\x92re finding the IP address through Handshake, not through a certificate authority,\x94 Namebase CEO Tieshun Roquerre told CoinDesk. Related: Now Is the Time to Advance the Decentralized Web For a website that has had various domain names revoked over the years and which is now suspended from Twitter, the censorship-resistant DNS will help keep Sci-Hub accessible even as the legacy domain name system applies pressure. Sci-Hub is a worldwide database of academic publications, which pulls the research papers from under the paywalls of academic magazines and uploads them to the internet for everyone to download and read. It\x92s maintained by a single coder from Kazakhstan, Alexandra Elbakyan, who is raising donations via Russian payment network Yandex and bitcoin , CoinDesk wrote last year . How does Handshake work? Handshake is \x93is effectively a decentralized domain name server,\x94 Roquerre said. Instead of using the web-standard certificate authority to authenticate user connections to a server, Handshake stores references to the IP address of the websites registered in its system. Namebase is a platform that offers users access to the Handshake network. That way, if certificate authority firms try to censor Sci-Hub\x92s domain name through the legacy system, then people who want to access the site still can through Handshake\x92s records. Story continues Related: The Future of Cryptographic Security in the Age of Quantum \x93If you get censored at the server level, you can switch servers. But if your domain name gets taken down, no one can access your site. As long as the name is intact, you can point it to any server,\x94 he continued. Even if the band website finds a new domain, users may not know whether or not it is authentic (as an example, Roquerre said that Sci-Hub is no stranger to imposter sites ). To register a Handshake domain, anyone can propose a website name and place a bid for that website on Handshake\x92s marketplace with its eponymous HNS token. After a two-week auction period, the highest bidder wins the domain (whose blockchain footprint acts like an NFT, Roquerre said) and the tokens are burned. Roquerre said Namebase does not issue tokens and it is instead mined through Bitcoin-esque proof of work. A total number of unique 6,818 Handshake domains are actively in use while roughly 375,000 have been registered, according to Handshake data shared with CoinDesk. The same data show marketplace volume has grown 60% on average month over month and is anticipated to top $140,000 this month. Building the decentralized web A decentralized domain name system like Handshake could be a significant win in the fight for the decentralized web. The project is part of a crop of so-called Web 3.0 applications vying to create a less centralized, censorship-resistant internet. Handshake, for example, has a complementary browser to create an uncensored internet search experience. Urbit , still another web 3.0 hopeful, is more than a decade in development and relies on Ethereum to construct a platform for decentralized personal servers. As evidenced by Sci-Hub\x92s own problems, the decentralized web is being built out of fears of deplatforming. As the internet\x92s access points are increasingly centralized in the hands of a few actors, certain applications \x96 most recently, Twitter-alternative Parler \x96 have faced censorship at the hands of web server providers, app stores and DNS certificate authorities. CORRECTION (Jan. 12, 2021, 01:15 UTC): This article originally said Namebase built Handshake. Namebase only offers users access to the network . Related Stories Pirated Academic Database Sci-Hub Is Now on the \x91Uncensorable Web\x92 Pirated Academic Database Sci-Hub Is Now on the \x91Uncensorable Web\x92', 'After her website faced repeated domain name revocations, Sci-Hub founder Alexandra Elbakyan has registered her website on the distributed domain names network Handshake.\nThe pirated database of academic papers is now accessible directly throughthe service’s portalsas well asthrough NextDNS, a privacy-focused, cloud-based domain name service resolver which converts IP addresses into domain names.\n“The DNS is like a phonebook for the internet. The addresses in the phonebook are the server IP addresses. DNS was created to give IP addresses human-readable names so with our platform, you’re finding the IP address through Handshake, not through a certificate authority,”NamebaseCEO Tieshun Roquerre told CoinDesk.\nRelated:Now Is the Time to Advance the Decentralized Web\nFor a website thathas had variousdomain namesrevoked over the yearsand which is nowsuspendedfrom Twitter, thecensorship-resistant DNSwill help keep Sci-Hub accessible even as the legacy domain name system applies pressure.\nSci-Hub is a worldwide database of academic publications, which pulls the research papers from under the paywalls of academic magazines and uploads them to the internet for everyone to download and read. It’s maintained by a single coder from Kazakhstan, Alexandra Elbakyan, who is raising donations via Russian payment network Yandex andbitcoin, CoinDeskwrote last year.\nHandshake is “is effectively a decentralized domain name server,” Roquerre said. Instead of using the web-standard certificate authority to authenticate user connections to a server, Handshake stores references to the IP address of the websites registered in its system. Namebase is a platform that offers users access to the Handshake network.\nThat way, if certificate authority firms try to censor Sci-Hub’s domain name through the legacy system, then people who want to access the site still can through Handshake’s records.\nRelated:The Future of Cryptographic Security in the Age of Quantum\n“If you get censored at the server level, you can switch servers. But if your domain name gets taken down, no one can access your site. As long as the name is intact, you can point it to any server,” he continued. Even if the band website finds a new domain, users may not know whether or not it is authentic (as an example, Roquerre said that Sci-Hub is no stranger toimposter sites).\nTo register a Handshake domain, anyone can propose a website name and place a bid for that website on Handshake’s marketplace with its eponymous HNS token. After a two-week auction period, the highest bidder wins the domain (whose blockchain footprint acts like an NFT, Roquerre said) and the tokens are burned.\nRoquerre said Namebase does not issue tokens and it is instead mined through Bitcoin-esque proof of work.\nA total number of unique 6,818 Handshake domains are actively in use while roughly 375,000 have been registered, according to Handshake data shared with CoinDesk. The same data show marketplace volume has grown 60% on average month over month and is anticipated to top $140,000 this month.\nA decentralized domain name system like Handshake could be a significant win in the fight for the decentralized web.\nThe project is part of a crop of so-called Web 3.0 applications vying to create a less centralized, censorship-resistant internet. Handshake, for example, hasa complementary browserto create an uncensored internet search experience.\nUrbit, still another web 3.0 hopeful, is more than a decade in development and relies on Ethereum to construct a platform for decentralized personal servers.\nAs evidenced by Sci-Hub’s own problems, the decentralized web is being built out of fears of deplatforming. As the internet’s access points are increasingly centralized in the hands of a few actors, certain applications – most recently,Twitter-alternative Parler– have faced censorship at the hands of web server providers, app stores and DNS certificate authorities.\nCORRECTION (Jan. 12, 2021, 01:15 UTC):This article originally said Namebase built Handshake. Namebase only offers users access to the network.\n• Pirated Academic Database Sci-Hub Is Now on the ‘Uncensorable Web’\n• Pirated Academic Database Sci-Hub Is Now on the ‘Uncensorable Web’', 'CNBC’s host and a co-founder of theSteet.com Jim Cramer has said when Bitcoin (BTC) goes under $20,000, he’s a “buyer again.”\nWhat Happened:Cramer said he would buy bitcoin again when it goes under $20,000. He mentioned he tried to trade over the weekend and said it was “really hard to do,” despite having “many resources on this,” inan interviewtoday.\n“People have to realize that this is a market not like any market you’ve ever seen. We don’t know who’s buying, we don’t know who’s selling, we don’t know what’s going on.”\nCramer called the crypto market “no different from an entirely erratic stock, except for it trades 24/7.”\nCNBC’s host also mentioned that he was about to speak to Jeffrey Sprecher, the CEO of Intercontinental Exchange Inc (NYSE:ICE), whose company is “offloading a big portion of their crypto business, basically creating a Coinbase for points in crypto.” He expressed his hope this move would bring liquidity to the market because “we don’t have it.”\nWhy It Matters:The crypto market has had $200 billion wiped out in the last 24 hours afterhitting$1 trillion on Jan. 6. It has regained some positions since and is currently at$956,6billion.\nBitcoin, whichhita record $41,000 three days ago, fell as low as $30,450 today and was traded at $35104.83 at press time.\nSee more from Benzinga\n• Click here for options trades from Benzinga\n
**Last 60 Days of Bitcoin's Closing Prices:**
[16317.81, 16068.14, 15955.59, 16716.11, 17645.41, 17804.01, 17817.09, 18621.31, 18642.23, 18370.00, 18364.12, 19107.46, 18732.12, 17150.62, 17108.40, 17717.41, 18177.48, 19625.84, 18803.00, 19201.09, 19445.40, 18699.77, 19154.23, 19345.12, 19191.63, 18321.14, 18553.92, 18264.99, 18058.90, 18803.66, 19142.38, 19246.64, 19417.08, 21310.60, 22805.16, 23137.96, 23869.83, 23477.29, 22803.08, 23783.03, 23241.35, 23735.95, 24664.79, 26437.04, 26272.29, 27084.81, 27362.44, 28840.95, 29001.72, 29374.15, 32127.27, 32782.02, 31971.91, 33992.43, 36824.36, 39371.04, 40797.61, 40254.55, 38356.44, 35566.66]
Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2021-01-12
**Financial & Commodity Data:**
- Gold Closing Price: $1842.90
- Crude Oil Closing Price: $53.21
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $639,322,699,500
- Hash Rate: 151611247.4016758
- Transaction Count: 336627.0
- Unique Addresses: 796457.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.84
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Ripple’s controversial XRP token continues to lose bullish momentum following the SEC’s complaint against the company late last month. Its market capitalisation has plunged from $30 billion to just $10 billion in just three weeks as investors cut their losses with the project. The SEC alleges that the Ripple Foundation conducted unregistered securities sales, which could result in XRP being deemed as a security by the US regulator. This caused a number of leading exchanges to delist XRP , prompting a further sell-off in price with XRP currently trading at $0.2266. XRPUSD chart by TradingView It’s worth noting that the current level is a historic level of support dating back to early 2017, however the market dynamics are far different now with XRP facing a wrath of bearish sentiment. If XRP manages to pick itself up and follow the wider cryptocurrency market rally, levels of resistance remain at $0.315 and $0.3475, although it is unlikely that price action will drive to these points unless there is a positive resolution to the SEC situation. What seems more likely at the moment is continuation to the downside, especially if Bitcoin continues to rally to a new all-time high. Downside targets have now emerged at $0.175 and $0.130, although a dive to as low as $0.10 may be on the cards depending on the upcoming shift in sentiment. For more news, guides and cryptocurrency analysis, click here . Latest Ripple price Current live XRP price information and interactive charts are available on our site 24 hours a day. The ticker bar at the bottom of every page on our site has the latest Ripple price. Pricing is also available in a range of different currency equivalents: US Dollar – XRPtoUSD British Pound Sterling – XRPtoGBP Japanese Yen – XRPtoJPY Euro – XRPtoEUR Australian Dollar – XRPtoAUD Russian Rouble – XRPtoRUB Bitcoin – XRPtoBTC About Ripple (XRP) Ripple is a real-time gross settlement system (RTGS) developed by the Ripple company. It is also referred to as the Ripple Transaction Protocol (RTXP) or Ripple protocol. It can trace its roots to 2004 when a web developer called Ryan Fugger had the idea to create a monetary system that was decentralised and could effectively allow individuals to create their own money. Story continues Ripple is one of the largest cryptocurrencies and is one of the top 10 cryptocurrencies by market capitalisation. More Ripple news and information If you want to find out more information about Ripple or cryptocurrencies in general, then use the search box at the top of this page. Here’s a recent article to get you started: https://coinrivet.com/ripple-ceo-brad-garlinghouse-hits-back-at-critics-xrp-is-not-a-security/ As with any investment, it pays to do some homework before you part with your money. The prices of cryptocurrencies are volatile and go up and down quickly. This page is not recommending a particular currency or whether you should invest or not....
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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37316.36, 39187.33, 36825.37, 36178.14, 35791.28, 36630.07, 36069.80, 35547.75, 30825.70, 33005.76
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Bitcoin , BTC to USD, fell by 3.63% on Tuesday. Following on from a 7.31% slide on Monday, Bitcoin ended the day at $34,123.0. It was the 4 th consecutive day in the red. It was a mixed start to the day. Bitcoin slipped to an early morning low $33,762.0 before making a move. Steering clear of the 23.6% FIB of $33,008 and the first major support level at $31,270, Bitcoin struck a mid-morning intraday high $36,656.0. Falling short of the first major resistance level at $38,912, Bitcoin slid to an early afternoon intraday low $32,427. While steering clear of the first major support level, Bitcoin fell through the 23.6% FIB of $33,008. Late in the day, Bitcoin briefly revisited $35,500 levels before sliding back into the deep red. Despite of the late reversal, Bitcoin avoided a fall back through the 23.6% FIB of $33,008. The near-term bullish trend remained intact, in spite of the latest sell-off. For the bears, Bitcoin would need to slide through the 62% FIB of $18,504 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was a mixed day on Tuesday. Bitcoin Cash SV rallied by 10.22% to lead the day. Binance Coin (+0.12%), Cardano’s ADA (+4.89%), Crypto.com Coin (+5.88%), Polkadot (+4.45%), Ripple’s XRP (+1.66%) also found support. It was a bearish day for the rest of the majors, however Chainlink (-4.13%), Ethereum (-3.56%), and Litecoin (-4.28%) joined Bitcoin in the red. Early in the week, the crypto total market cap rose to a Monday high $1,040.51 before falling to a Monday low $804.33bn. At the time of writing, the total market cap stood at $888.48bn. Bitcoin’s dominance rose from a Monday low 68.39% to a Monday high 69.97%. At the time of writing, Bitcoin’s dominance stood at 69.00%. This Morning At the time of writing, Bitcoin was down by 3.12% to $33,058.0. A bearish start to the day saw Bitcoin fall from an early morning high $34,105.0 to a low $32,931.0. While leaving the major support and resistance levels untested early on, Bitcoin fell through the 23.6% FIB of $33,008. Story continues Elsewhere, it was a mixed start to the day. Polkadot bucked the trend early on, rising by 0.69%, with Bitcoin Cash SV and Crypto.com Coin flat. It was a bearish start for the rest of the majors, however. At the time of writing, Ethereum was down by 3.65% to lead the way down. For the Bitcoin Day Ahead Bitcoin would need to move through the pivot level at $34,402 to bring the first major resistance level at $36,631 into play. Support from the broader market would be needed for Bitcoin to break out from $35,500 levels. Barring an extended crypto rally, first major resistance level and Tuesday’s high $36,656.0 would likely cap any upside. In the event of an extended crypto rally, Bitcoin could test resistance at $40,000 before any pullback. The second major resistance level sits at $38,631. Failure to move through the $34,402 pivot would bring the 23.6% FIB of $33,008 and the first major support level at $32,148 into play. Barring another extended crypto sell-off, Bitcoin should steer clear of sub-$30,000 levels. The second major support level at $30,173 should limit the downside. This article was originally posted on FX Empire More From FXEMPIRE: E-mini S&P 500 Index (ES) Futures Technical Analysis – Pullback into 3735.00 Could Alleviate Some Pressure Natural Gas Price Forecast – Natural Gas Markets Gap Higher E-mini Dow Jones Industrial Average (YM) Futures Technical Analysis – Reaction to 30893 Sets Tone into Close E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – Strengthens Over 12946.25, Weakens Under 12808.00 Oil Tries To Settle Above The $53 Level Gold Price Prediction – Prices Consolidate as Inflation Trends Higher', 'Bitcoin , BTC to USD, fell by 3.63% on Tuesday. Following on from a 7.31% slide on Monday, Bitcoin ended the day at $34,123.0. It was the 4 th consecutive day in the red. It was a mixed start to the day. Bitcoin slipped to an early morning low $33,762.0 before making a move. Steering clear of the 23.6% FIB of $33,008 and the first major support level at $31,270, Bitcoin struck a mid-morning intraday high $36,656.0. Falling short of the first major resistance level at $38,912, Bitcoin slid to an early afternoon intraday low $32,427. While steering clear of the first major support level, Bitcoin fell through the 23.6% FIB of $33,008. Late in the day, Bitcoin briefly revisited $35,500 levels before sliding back into the deep red. Despite of the late reversal, Bitcoin avoided a fall back through the 23.6% FIB of $33,008. The near-term bullish trend remained intact, in spite of the latest sell-off. For the bears, Bitcoin would need to slide through the 62% FIB of $18,504 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was a mixed day on Tuesday. Bitcoin Cash SV rallied by 10.22% to lead the day. Binance Coin (+0.12%), Cardano’s ADA (+4.89%), Crypto.com Coin (+5.88%), Polkadot (+4.45%), Ripple’s XRP (+1.66%) also found support. It was a bearish day for the rest of the majors, however Chainlink (-4.13%), Ethereum (-3.56%), and Litecoin (-4.28%) joined Bitcoin in the red. Early in the week, the crypto total market cap rose to a Monday high $1,040.51 before falling to a Monday low $804.33bn. At the time of writing, the total market cap stood at $888.48bn. Bitcoin’s dominance rose from a Monday low 68.39% to a Monday high 69.97%. At the time of writing, Bitcoin’s dominance stood at 69.00%. This Morning At the time of writing, Bitcoin was down by 3.12% to $33,058.0. A bearish start to the day saw Bitcoin fall from an early morning high $34,105.0 to a low $32,931.0. While leaving the major support and resistance levels untested early on, Bitcoin fell through the 23.6% FIB of $33,008. Story continues Elsewhere, it was a mixed start to the day. Polkadot bucked the trend early on, rising by 0.69%, with Bitcoin Cash SV and Crypto.com Coin flat. It was a bearish start for the rest of the majors, however. At the time of writing, Ethereum was down by 3.65% to lead the way down. For the Bitcoin Day Ahead Bitcoin would need to move through the pivot level at $34,402 to bring the first major resistance level at $36,631 into play. Support from the broader market would be needed for Bitcoin to break out from $35,500 levels. Barring an extended crypto rally, first major resistance level and Tuesday’s high $36,656.0 would likely cap any upside. In the event of an extended crypto rally, Bitcoin could test resistance at $40,000 before any pullback. The second major resistance level sits at $38,631. Failure to move through the $34,402 pivot would bring the 23.6% FIB of $33,008 and the first major support level at $32,148 into play. Barring another extended crypto sell-off, Bitcoin should steer clear of sub-$30,000 levels. The second major support level at $30,173 should limit the downside. This article was originally posted on FX Empire More From FXEMPIRE: E-mini S&P 500 Index (ES) Futures Technical Analysis – Pullback into 3735.00 Could Alleviate Some Pressure Natural Gas Price Forecast – Natural Gas Markets Gap Higher E-mini Dow Jones Industrial Average (YM) Futures Technical Analysis – Reaction to 30893 Sets Tone into Close E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – Strengthens Over 12946.25, Weakens Under 12808.00 Oil Tries To Settle Above The $53 Level Gold Price Prediction – Prices Consolidate as Inflation Trends Higher', 'Woman takes a photo of a wall mural showing a rioter Exclusive:\xa0Vaccine passports to be trialled by thousands of Britons The cyber sleuths helping to unmask the Washington rioters online Trump suspended from YouTube channel Splintering of social media could fuel extremism Sign up here for our daily technology newsletter Facebook says it fears users may conduct potential future acts of violence to contest the result of the US presidential election following\xa0the Capitol siege last week. The spokesman, who asked not to be named for security reasons, told Reuters that last week\'s riots have sparked yet more\xa0efforts to organise gatherings across the country ahead of and during President-elect Joe Biden\'s inauguration on January 20. Digital flyers featuring calls to arms or the symbols of hate groups and militia have been shared on the platform, she said. The FBI has warned of armed protests being planned for Washington and all 50 US state capitals in the run-up to the inauguration. Facebook and the FBI are working together, the spokesman said. 05:52 PM Until tomorrow That\'s all from us today . Tune in right here tomorrow from around 7am until the late evening for live updates from the next day of CES. Thanks for reading, and good night! 04:40 PM CES: Government\'s must be held to a \'higher standard\' over cyber attacks, says Brad Smith Brad Smith, the President of Microsoft, has used his CES keynote to discuss the SolarWinds cyber attack, arguing that the norms of espionage had been broken. Smith said the cyber attack had broken the "norms and rules" of what was espionage. The cyber attack, attributed by US officials to Russia-backed hackers, broke into US government departments, giving hackers the ability to spy on emails for months. He added that certain sectors, such as healthcare, should be off limits to nation-state cyber actors. 04:14 PM CES: Self-driving takes a back seat Driverless cars and flying robotaxis aren\'t dead, but the industry response appears increasingly lukewarm, writes The Telegraph\'s motoring correspondent Andrew English . While there have been exciting showcases, such as Dallara\'s self-driving car racing challenge, for the most part, the big players have muted their announcements in the space. With no attendees in sight, there was also no opportunity for PR test drives. Of the various displays by the likes of GM, with its flying and autonomous car concepts, there was "lots of jam tomorrow, with little hard data". \u200bRead his analysis here. 03:12 PM Intel boss Bob Sw
**Last 60 Days of Bitcoin's Closing Prices:**
[16068.14, 15955.59, 16716.11, 17645.41, 17804.01, 17817.09, 18621.31, 18642.23, 18370.00, 18364.12, 19107.46, 18732.12, 17150.62, 17108.40, 17717.41, 18177.48, 19625.84, 18803.00, 19201.09, 19445.40, 18699.77, 19154.23, 19345.12, 19191.63, 18321.14, 18553.92, 18264.99, 18058.90, 18803.66, 19142.38, 19246.64, 19417.08, 21310.60, 22805.16, 23137.96, 23869.83, 23477.29, 22803.08, 23783.03, 23241.35, 23735.95, 24664.79, 26437.04, 26272.29, 27084.81, 27362.44, 28840.95, 29001.72, 29374.15, 32127.27, 32782.02, 31971.91, 33992.43, 36824.36, 39371.04, 40797.61, 40254.55, 38356.44, 35566.66, 33922.96]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2021-01-13
**Financial & Commodity Data:**
- Gold Closing Price: $1853.60
- Crude Oil Closing Price: $52.91
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $639,322,699,500
- Hash Rate: 155708848.68280214
- Transaction Count: 319167.0
- Unique Addresses: 772596.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.78
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Signet Jewelers ( SIG ), the world's largest diamond jewelry retailer, has seen a boom in engagement ring purchases, months ahead of the traditional holiday shopping season and more of those big-ticket purchases are happening online. We knew that customers would be shopping longer this holiday season. More than 60% of jewelry customers said that they would be in the market early, starting as early as August or September. So, we've really changed the way we think about holiday. It's not just a fourth-quarter phenomenon. We've been thinking about the third and the fourth quarter, together, as the holiday season, CEO Gina Drosos told Yahoo Finance Live. On Thursday, Signet, the parent company of well-known brands such as Kay Jewelers, Zales, and Jared: The Galleria of Jewelry, reported stronger-than-expected third-quarter earnings results. Signet's total sales were $1.3 billion for the quarter, up 9.5% from a year ago. The closely-followed same-store sales rose 15.1% from the prior year, while e-commerce sales surged 71.4%. Brick-and-mortar same-store sales jumped 6.8% from a year ago. The jewelry giant's proprietary research from the prior quarter had anticipated a strong engagement season with couples quarantining together deciding to get engaged. The customer research found that of couples within 18 months of getting engaged, more than half chose to quarantine together. Of those, 93% said their relationships were equally as strong or getting stronger. In the quarter, Signet saw double-digit growth across its bridal category, with most of that coming from engagement rings. "We had anticipated more engagements and got out in front of that with great new bridal lines, beautiful product, more customization options, and targeted marketing to couples who were in this stage of their relationship," Drosos said. PEMBROKE PINES, FLORIDA - JULY 21: An exterior view of Jared The Galleria Of Jewelry store on July 21, 2020 in Pembroke Pines, Florida. Signet Jewelers, which operates 3,172 stores globally which include Jared The Galleria Of Jewelry will permanently closed at least 150 of its North America stores due to coronavirus (COVID-19) pandemic. (Photo by Johnny Louis/Getty Images) Elsewhere, fashion jewelry has also seen strong sales, "with people expressing their style with earrings and pendants now, not with shoes, when we're all on a Zoom call," Drosos added. Story continues Omnichannel experience The pandemic has accelerated many trends in the retail landscape, including the jewelry business. Technology continues to play a more prominent role as more customers get comfortable with purchasing big-ticket items like jewelry online. To be sure, the spike in online sales Signet saw was "not a reaction to crisis," Drosos said, noting the company has focused on building "a significantly better digital business" over the last few years. The CEO, who took the helm in August 2017, has long embraced the role of digital in the jewelry business. Drosos has focused on a three-pillar plan known as "The Path To Brilliance ," and one key component is to create an omnichannel experience that blends the physical and online shopping experience. Drosos' team has focused on creating tools to make customers "feel more comfortable" making an expensive purchase online while maintaining the jewelry consultant's relationship. This year, the jewelry giant brought technology to its field teams to create a virtual selling experience. The company now has 700 dedicated virtual sellers, while its 20,000 consultants and store managers can also sell virtually or meet physically with clients. Signet also has visualization tools for online shopping. For example, a customer can upload a photo of their hand and virtually try on rings. [When] customers buy jewelry online the two things they're looking for is advice and a trusted relationship and being able to visualize the product, Drosos added. Drosos added that the company has also optimized its store footprint. On the earnings call, the executive highlighted the company's continued shift to off-mall locations. Two-thirds of Signet's store fleet is housed in traditional malls. Of the 380 planned closures in the fiscal year, 316 were closed by the end of the quarter, with most closings happening in standard mall locations. To be sure, stores will remain a long-term competitive advantage, she said. Drosos noted that most of the company's e-commerce sales come within 30 miles of a store. Jewelry has been very slow to become more digital, but I think it's really an omnichannel story, and that's where Signet can win. Julia La Roche is a correspondent for Yahoo Finance. Follow her on Twitter . Paul Tudor Jones makes bull case for Bitcoin: The path forward from here is north Paul Tudor Jones sees massive boom after COVID vaccine gets released...
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
39187.33, 36825.37, 36178.14, 35791.28, 36630.07, 36069.80, 35547.75, 30825.70, 33005.76, 32067.64
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['By Caroline Valetkevitch\nNEW YORK (Reuters) - U.S. stocks ended lower on Thursday after the Dow and Nasdaq hit record highs earlier in the session as investors focused on U.S. President-elect Joe Biden\'s pandemic aid proposal, while the U.S. dollar weakened.\nMSCI\'s all-country world index was last trading in barely positive territory but was well off its record-high levels of the session.\nThe New York Times, citing people familiar with the plans, reported that Biden is expected on Thursday to unveil a $1.9 trillion spending package.\nStocks began to pare gains and the dollar drifted lower after Federal Reserve Chair Jerome Powell struck a dovish tone in comments at a virtual symposium with Princeton University.\nPowell said the U.S. central bank is not raising interest rates anytime soon and rejected suggestions the Fed might start reducing its bond purchases in the near term.\nAfter recent strong U.S. stock market gains, equity investors are looking for signals that could mean further support for the market, said Paul Nolte, portfolio manager at Kingsview Investment Management in Chicago.\n"We had a pretty good rally in the fourth quarter and a decent rally so far this year," he said. "Markets are in a wait-and-see mode."\nFriday marks the start of fourth-quarter earnings for S&P 500 companies, with results from JPMorgan Chase and other banks due.\nInvestors are "waiting to hear commentary from companies on how things were looking in the fourth quarter and how things will look in the first quarter, especially given the not-so-great economic backdrop," Nolte said.\nThe Dow Jones Industrial Average fell 68.95 points, or 0.22%, to 30,991.52, the S&P 500 lost 14.3 points, or 0.38%, to 3,795.54 and the Nasdaq Composite dropped 16.31 points, or 0.12%, to 13,112.64.\nEuropean shares gained for a third straight session. The pan-European STOXX 600 index rose 0.72% and MSCI\'s gauge of stocks across the globe gained 0.01%.\nThe dollar index fell 0.071%, with the euro down 0.02% to $1.2154.\nBitcoin held gains after a slide of nearly $12,000 from last week\'s record high of $42,000. It rose about 5.7% to $39,536 on Thursday, after hitting a session high above $40,000.\nTreasury yields edged higher in anticipation of the new stimulus package, but a jump in U.S. jobless claims put a damper on immediate expectations of economic growth.\nBenchmark 10-year Treasury notes last fell 12/32 in price to yield 1.1292%, from 1.088% late on Wednesday.\nOil prices edged higher, boosted by a weak dollar and bullish signals from Chinese import data. Brent crude oil futures rose 36 cents, or 0.6%, to settle at $56.42 a barrel. U.S. crude ended 66 cents, or 1.3%, higher at $53.57.\nSpot gold added 0.2% to $1,847.11 an ounce.\n(Additional reporting by Gertrude Chavez-Dreyfuss, Herbert Lash and Devika Krishna Kumar in New York; Editing by Angus MacSwan, Steve Orlofsky and Dan Grebler)', 'By Caroline Valetkevitch NEW YORK (Reuters) - U.S. stocks ended lower on Thursday after the Dow and Nasdaq hit record highs earlier in the session as investors focused on U.S. President-elect Joe Biden\'s pandemic aid proposal, while the U.S. dollar weakened. MSCI\'s all-country world index was last trading in barely positive territory but was well off its record-high levels of the session. The New York Times, citing people familiar with the plans, reported that Biden is expected on Thursday to unveil a $1.9 trillion spending package. Stocks began to pare gains and the dollar drifted lower after Federal Reserve Chair Jerome Powell struck a dovish tone in comments at a virtual symposium with Princeton University. Powell said the U.S. central bank is not raising interest rates anytime soon and rejected suggestions the Fed might start reducing its bond purchases in the near term. After recent strong U.S. stock market gains, equity investors are looking for signals that could mean further support for the market, said Paul Nolte, portfolio manager at Kingsview Investment Management in Chicago. "We had a pretty good rally in the fourth quarter and a decent rally so far this year," he said. "Markets are in a wait-and-see mode." Friday marks the start of fourth-quarter earnings for S&P 500 companies, with results from JPMorgan Chase and other banks due. Investors are "waiting to hear commentary from companies on how things were looking in the fourth quarter and how things will look in the first quarter, especially given the not-so-great economic backdrop," Nolte said. The Dow Jones Industrial Average fell 68.95 points, or 0.22%, to 30,991.52, the S&P 500 lost 14.3 points, or 0.38%, to 3,795.54 and the Nasdaq Composite dropped 16.31 points, or 0.12%, to 13,112.64. European shares gained for a third straight session. The pan-European STOXX 600 index rose 0.72% and MSCI\'s gauge of stocks across the globe gained 0.01%. The dollar index fell 0.071%, with the euro down 0.02% to $1.2154. Story continues Bitcoin held gains after a slide of nearly $12,000 from last week\'s record high of $42,000. It rose about 5.7% to $39,536 on Thursday, after hitting a session high above $40,000. Treasury yields edged higher in anticipation of the new stimulus package, but a jump in U.S. jobless claims put a damper on immediate expectations of economic growth. Benchmark 10-year Treasury notes last fell 12/32 in price to yield 1.1292%, from 1.088% late on Wednesday. Oil prices edged higher, boosted by a weak dollar and bullish signals from Chinese import data. Brent crude oil futures rose 36 cents, or 0.6%, to settle at $56.42 a barrel. U.S. crude ended 66 cents, or 1.3%, higher at $53.57. Spot gold added 0.2% to $1,847.11 an ounce. (Additional reporting by Gertrude Chavez-Dreyfuss, Herbert Lash and Devika Krishna Kumar in New York; Editing by Angus MacSwan, Steve Orlofsky and Dan Grebler)', 'Twitter CEO Jack Dorsey made his first public statements since the company permanently banned Donald Trump from its platform. In aseries of tweets, Dorsey said he believed Twitter made the correct decision, but that “a ban is a failure of ours ultimately to promote healthy conversation.”\nIn his comments, Dorsey echoed Twitter’sprevious statementson the reason for the ban, writing that “offline harm as a result of online speech is demonstrably real, and what drives our policy and enforcement above all.”\nAt the same time, Dorsey said that the ban also reflects “a failure of ours ultimately to promote healthy conversation.” (Twitter has spent much of thelast two yearstrying to figure out how to make its platform “healthier.”) He added that he feels Twitter’s decision has set a “dangerous” precedent that “an individual or corporation has over a part of the global public conversation.”\nDorsey also pushed back on criticism that the company is engaging in censorship, writing that “a company making a business decision to moderate itself is different from a government removing access.” He also made clear that Twitter did not coordinate with other companies who have also banned or suspended Trump in recent days.\nYou can read his full comments below:\n“I do not celebrate or feel pride in our having to ban @realDonaldTrump from Twitter, or how we got here. After a clear warning we’d take this action, we made a decision with the best information we had based on threats to physical safety both on and off Twitter. Was this correct? I believe this was the right decision for Twitter. We faced an extraordinary and untenable circumstance, forcing us to focus all of our actions on public safety. Offline harm as a result of online speech is demonstrably real, and what drives our policy and enforcement above all.\nThat said, having to ban an account has real and significant ramifications. While there are clear and obvious exceptions, I feel a ban is a failure of ours ultimately to promote healthy conversation. And a time for us to reflect on our operations and the environment around us. Having to take these actions fragment the public conversation. They divide us. They limit the potential for clarification, redemption, and learning. And sets a precedent I feel is dangerous: the power an individual or corporation has over a part of the global public conversation. The check and accountability on this power has always been the fact that a service like Twitter is one small part of the larger public conversation happening across the internet.\nIf folks do not agree with our rules and enforcement, they can simply go to another internet service. This concept was challenged last week when a number of foundational internet tool providers also decided not to host what they found dangerous. I do not believe this was coordinated. More likely: companies came to their own conclusions or were emboldened by the actions of others. This moment in time might call for this dynamic, but over the long term it will be destructive to the noble purpose and ideals of the open internet. A company making a business decision to moderate itself is different from a government removing access, yet can feel much the same. Yes, we all need to look critically at inconsistencies of our policy and enforcement. Yes, we need to look at how our service might incentivize distraction and harm. Yes, we need more transparency in our moderation operations. All this can’t erode a free and open global internet.\nThe reason I have so much passion for #Bitcoin is largely because of the model it demonstrates: a foundational internet technology that is not controlled or influenced by any single individual or entity. This is what the internet wants to be, and over time, more of it will be. We are trying to do our part by funding an initiative around an open decentralized standard for social media. Our goal is to be a client of that standard for the public conversation layer of the internet. We call it @bluesky.\nThis will take time to build. We are in the process of interviewing and hiring folks, looking at both starting a standard from scratch or contributing
**Last 60 Days of Bitcoin's Closing Prices:**
[15955.59, 16716.11, 17645.41, 17804.01, 17817.09, 18621.31, 18642.23, 18370.00, 18364.12, 19107.46, 18732.12, 17150.62, 17108.40, 17717.41, 18177.48, 19625.84, 18803.00, 19201.09, 19445.40, 18699.77, 19154.23, 19345.12, 19191.63, 18321.14, 18553.92, 18264.99, 18058.90, 18803.66, 19142.38, 19246.64, 19417.08, 21310.60, 22805.16, 23137.96, 23869.83, 23477.29, 22803.08, 23783.03, 23241.35, 23735.95, 24664.79, 26437.04, 26272.29, 27084.81, 27362.44, 28840.95, 29001.72, 29374.15, 32127.27, 32782.02, 31971.91, 33992.43, 36824.36, 39371.04, 40797.61, 40254.55, 38356.44, 35566.66, 33922.96, 37316.36]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2021-01-14
**Financial & Commodity Data:**
- Gold Closing Price: $1850.30
- Crude Oil Closing Price: $53.57
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $719,270,217,375
- Hash Rate: 150586847.08139417
- Transaction Count: 338809.0
- Unique Addresses: 802110.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.83
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: By Alden Bentley
(Reuters) - Digital currency Bitcoin extended its record-smashing rally on Saturday, beginning the year with a surge over $30,000 for the first time, with ever more traders and investors betting that it is on its way to becoming a mainstream payment method.
The price of the world's most popular cryptocurrency traded as high as $33,099 on Saturday, with almost all other markets closed over the first weekend in 2021. It was last up about 12% at $32,883.
Bitcoin advanced more than 300% in 2020, and with the latest leg higher has added more than 50% since crossing $20,000 just two weeks ago.
The blockchain currency has only been around for a decade or so, and in 2020 it has seen demand grow from larger U.S. investors, attracted by its perceived inflation-hedging qualities and potential for quick gains, as well as expectations it would become a mainstream payments method.
Investors said limited supply of bitcoin - produced by so-called "mining" computers that validate blocks of transactions by competing to solve mathematical puzzles - has helped power upward moves over recent days.
Some also saw it as a safe-haven play during the COVID-19 pandemic, akin to gold.
"It's very likely that the asset will eventually pass $100,000 per coin," Sergey Nazarov, cofounder of Chainlink, a global blockchain project, wrote in an email on Saturday. "People have been steadily losing faith in their government currencies for years, and the monetary policies resulting from the economic impact of the coronavirus have only accelerated this decline."
It trades on numerous exchanges, the largest of which is Coinbase, which is itself preparing to go public to become the first major U.S. cryptocurrency exchange to list on Wall Street.
Multiple competitor cryptocurrencies use similar blockchain, or electronic ledger, technology. Ethereum, the second biggest, gained 465% in 2020 and was up almost 7% on Saturday.
(The story corrects paragraph 8 to clarify reference to Coinbase listing.)
(Reporting by Alden Bentley; Editing by Daniel Wallis, Diane Craft and Andrea Ricci)...
- Reddit Posts (Sample): [['u/Im_shorting_elon', 'BITCOIN IS NOT A PONZI SCHEME', 21, '2021-01-14 01:04', 'https://www.reddit.com/r/Buttcoin/comments/kwtmk0/bitcoin_is_not_a_ponzi_scheme/', 'Bitcoin has had multiple crashes yet has risen up like a phoenix every single time! If it\'s a ponzi scheme, why has it lasted 12 years so far??!\n\n"Well, allow me to introduce myself":\n\nhttps://preview.redd.it/719cg0lfv6b61.png?width=903&format=png&auto=webp&s=626946a0ec5dfc18d9e16053110c1356d488fadf', 'https://www.reddit.com/r/Buttcoin/comments/kwtmk0/bitcoin_is_not_a_ponzi_scheme/', 'kwtmk0', [['u/iBrickedIt', 12, '2021-01-14 01:07', 'https://www.reddit.com/r/Buttcoin/comments/kwtmk0/bitcoin_is_not_a_ponzi_scheme/gj68t5z/', 'Every ponzi scheme has a heyday... \n\nBitcoin is built on the bigger idiot theory. As soon as you buy bitcoin, you have to find someone dumber than you to sell it to.', 'kwtmk0'], ['u/Im_shorting_elon', 26, '2021-01-14 01:53', 'https://www.reddit.com/r/Buttcoin/comments/kwtmk0/bitcoin_is_not_a_ponzi_scheme/gj6e96c/', 'That is Bernie Madoff, famous for running one the largest Ponzi schemes ever that lasted over 2 decades. He was at one point chairman of the NASDAQ:..', 'kwtmk0'], ['u/Jumpy-Locksmith6812', 16, '2021-01-14 02:08', 'https://www.reddit.com/r/Buttcoin/comments/kwtmk0/bitcoin_is_not_a_ponzi_scheme/gj6fy6t/', 'Like a phoenix from the crashes', 'kwtmk0'], ['u/Im_shorting_elon', 12, '2021-01-14 02:22', 'https://www.reddit.com/r/Buttcoin/comments/kwtmk0/bitcoin_is_not_a_ponzi_scheme/gj6hli7/', 'Fair enough, but regardless of pyramid, ponzi, bubble, etc. One thing is for sure, the unknown creator and early adopters own the most coins (they can easily manipulate the market, ironic since the point of bitcoin is to give power to the people yet it gives power to a select elite) and what is being sold is a digital beanie baby or cyber limited edition pokemon card.', 'kwtmk0'], ['u/mkwiat', 22, '2021-01-14 02:38', 'https://www.reddit.com/r/Buttcoin/comments/kwtmk0/bitcoin_is_not_a_ponzi_scheme/gj6jep0/', "Bitcoin isn't a Ponzi scheme, it's something far more nefarious, a decentralized, trustless Ponzi scheme.", 'kwtmk0'], ['u/jstolfi', 10, '2021-01-14 03:13', 'https://www.reddit.com/r/Buttcoin/comments/kwtmk0/bitcoin_is_not_a_ponzi_scheme/gj6nixe/', 'I grant you that. Bitcoin developed a much more robust way of duping its victims than just one guy lying about the existence of a secret portfolio.', 'kwtmk0'], ['u/devliegende', 11, '2021-01-14 04:36', 'https://www.reddit.com/r/Buttcoin/comments/kwtmk0/bitcoin_is_not_a_ponzi_scheme/gj6wnz6/', 'One could argue that what Butt miners do is not mining.', 'kwtmk0']]], ['u/Bwrobes', 'Negative Bitcoin Ads on Social Media', 27, '2021-01-14 01:21', 'https://www.reddit.com/r/Bitcoin/comments/kwtyew/negative_bitcoin_ads_on_social_media/', 'I have been getting lots of sponsored ads on Facebook and Twitter, all calling out the demise of BTC. \n\nI get why I’m being targeted for bitcoin ads, but I would say just about all of them are negative/oppose Bitcoin is anyone else having the same experience?', 'https://www.reddit.com/r/Bitcoin/comments/kwtyew/negative_bitcoin_ads_on_social_media/', 'kwtyew', [['u/Tor-ulf', 13, '2021-01-14 01:25', 'https://www.reddit.com/r/Bitcoin/comments/kwtyew/negative_bitcoin_ads_on_social_media/gj6axu1/', 'Think they are trying to launch Diem soon..', 'kwtyew'], ['u/Delicious_Context_53', 22, '2021-01-14 01:27', 'https://www.reddit.com/r/Bitcoin/comments/kwtyew/negative_bitcoin_ads_on_social_media/gj6b4wp/', 'When some anonymous source tells me I should sell a treasured asset, just when it’s rocketing to the moon, I always listen.', 'kwtyew'], ['u/Mark_Bear', 19, '2021-01-14 01:43', 'https://www.reddit.com/r/Bitcoin/comments/kwtyew/negative_bitcoin_ads_on_social_media/gj6d27p/', 'Why bother wasting time on twitter or FB? When you keep visiting, you make them more rich and more powerful; they use their money and power to corrupt, lie, and censor the truth. Why support that bullshit?', 'kwtyew'], ['u/atrueretard', 10, '2021-01-14 02:36', 'https://www.reddit.com/r/Bitcoin/comments/kwtyew/negative_bitcoin_ads_on_social_media/gj6j7kd/', 'typical clickbait. say something negative about a popular opinion to get peoples attention.', 'kwtyew']]], ['u/lighthopper', 'Why Won’t Another Cryptocurrency Overtake Bitcoin?', 113, '2021-01-14 01:59', 'https://www.reddit.com/r/nanocurrency/comments/kwumtg/why_wont_another_cryptocurrency_overtake_bitcoin/', "I was in this thread on r/cc titled “Why Won’t Another Cryptocurrency Overtake Bitcoin?” Someone commented with this:\n\n——\n\nWhy would bitcoin 2.0 be in higher demand? what would it have that the other 30 different cryptocurrencies don't already have?\n\nWhat prevents a new material replacing gold?\n\n—-\n\nI wrote a reply and hit send, but was then told I didn’t have enough comment Karma so my comment was removed. That wasn’t what I wanted to hear! So I thought at least I would post the comment here for your thoughts and comments.\n\n——\n\nThis feels like one of the biggest false narratives in crypto. “If something hasn’t replaced Bitcoin yet, than nothing will.” Once upon a time people said the same about Yahoo search too.\n\nRight now nothing in crypto is actually being used, so the only real metric to judge a coin is how compelling its story is. In this world Bitcoin has by far the best story. It was first. It has the immaculate conception. It has the most mining power securing the network. It is the most valuable.\n\nBut one day that might change. One day a cryptocurrency might actually become compelling enough and simple enough for people to actually use in their everyday lives. If this happens it could be a watershed moment for crypto. Now the contest will no longer be who has the best story, but who has the best utility. In this new contest Bitcoin could quickly fall behind.", 'https://www.reddit.com/r/nanocurrency/comments/kwumtg/why_wont_another_cryptocurrency_overtake_bitcoin/', 'kwumtg', [['u/ZougTheBest', 18, '2021-01-14 03:30', 'https://www.reddit.com/r/nanocurrency/comments/kwumtg/why_wont_another_cryptocurrency_overtake_bitcoin/gj6pfy6/', "I wouldn't say an asset worth more than 1 billion never took off..", 'kwumtg'], ['u/OwnAGun', 23, '2021-01-14 03:55', 'https://www.reddit.com/r/nanocurrency/comments/kwumtg/why_wont_another_cryptocurrency_overtake_bitcoin/gj6s7ae/', 'Nano will surpass Bitcoin', 'kwumtg'], ['u/Zarxrax', 60, '2021-01-14 04:39', 'https://www.reddit.com/r/nanocurrency/comments/kwumtg/why_wont_another_cryptocurrency_overtake_bitcoin/gj6wzvc/', "Bitcoins story is that it makes people rich. People don't care about simple things like sending a few bucks to someone quickly and easily when they have dreams of being a millionaire.", 'kwumtg'], ['u/UnknownEssence', 10, '2021-01-14 04:45', 'https://www.reddit.com/r/nanocurrency/comments/kwumtg/why_wont_another_cryptocurrency_overtake_bitcoin/gj6xpiw/', 'The fact that it’s still like top 50 is amazing', 'kwumtg'], ['u/thespiffydentist', 22, '2021-01-14 04:48', 'https://www.reddit.com/r/nanocurrency/comments/kwumtg/why_wont_another_cryptocurrency_overtake_bitcoin/gj6xzpe/', 'Just like Google never overtook Yahoo. Just like Apple never overtook Microsoft. Just like Tesla never overtook the car industry.', 'kwumtg'], ['u/coranos2', 33, '2021-01-14 04:53', 'https://www.reddit.com/r/nanocurrency/comments/kwumtg/why_wont_another_cryptocurrency_overtake_bitcoin/gj6yiuz/', "It's just bitcoin maximalism. Bitcoin took over, something will take over Bitcoin.\n\nThis year? Probably not.", 'kwumtg'], ['u/MIS-concept', 13, '2021-01-14 05:06', 'https://www.reddit.com/r/nanocurrency/comments/kwumtg/why_wont_another_cryptocurrency_overtake_bitcoin/gj6zvo5/', 'What clear advantages does NANO have over traditional means of sending money quickly?', 'kwumtg'], ['u/alabruh', 11, '2021-01-14 06:06', 'https://www.reddit.com/r/nanocurrency/comments/kwumtg/why_wont_another_cryptocurrency_overtake_bitcoin/gj75qsh/', 'Sending money over\xa0Venmo\xa0triggers a standard 3%\xa0fee, but the company waives that expense when the transaction is funded with a\xa0Venmo\xa0balance, a bank account, or a debit card. The 3%\xa0fee\xa0is not waived when users send money from a credit card.\n\nTook me 2 minutes to get this information.', 'kwumtg'], ['u/alabruh', 36, '2021-01-14 06:10', 'https://www.reddit.com/r/nanocurrency/comments/kwumtg/why_wont_another_cryptocurrency_overtake_bitcoin/gj7634x/', "Ah yes, you just described what a ponzi scheme is. \nNo, BTC deserves the recognition for creating the crypto space BUT Nano fulfils the Satoshi's vision of a P2P censorship resistant, global currency. Plus yes, its fast and feeless.", 'kwumtg'], ['u/throwawayLouisa', 40, '2021-01-14 06:30', 'https://www.reddit.com/r/nanocurrency/comments/kwumtg/why_wont_another_cryptocurrency_overtake_bitcoin/gj77w0s/', '• Instant (sub-second) \n• No fee cut. \n• No minimum amount (micropayments possible) \n• No maximum amount. \n• No bank account required \n• No ID required \n• Send to anyone even without money exchange account \n• Uncensorable \n• No setup delay/hassle', 'kwumtg'], ['u/throwawayLouisa', 20, '2021-01-14 06:35', 'https://www.reddit.com/r/nanocurrency/comments/kwumtg/why_wont_another_cryptocurrency_overtake_bitcoin/gj78d6l/', '° Venmo is only available to users physically located in the USA. (4% of the global population)\n\n• Venmo charges up to 3% fees\n\n• Venmo requires documentation/ID', 'kwumtg'], ['u/gicacoca', 12, '2021-01-14 06:40', 'https://www.reddit.com/r/nanocurrency/comments/kwumtg/why_wont_another_cryptocurrency_overtake_bitcoin/gj78roz/', 'In the entrepreneurial world, there is a popular saying: \n\n“Right a wrong”\n\nIt means that if you can see something wrong in a product or in a service, you can fix it or deliver a better version of it.\n\nBitcoin has its known flaws, so there is room to do a better version of it which I would say is Nano.', 'kwumtg'], ['u/t...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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36825.37, 36178.14, 35791.28, 36630.07, 36069.80, 35547.75, 30825.70, 33005.76, 32067.64, 32289.38
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['By Rodrigo Campos NEW YORK (Reuters) - Stock and oil prices fell on Friday, pressured by intensifying lockdowns and weak U.S. retail sales data, while the dollar index posted its largest weekly gain in more than two months. U.S. bond yields and stocks have risen recently, partly on expectations about the rollout of coronavirus vaccines and on a massive stimulus plan by the incoming Democratic administration. President-elect Joe Biden on Thursday unveiled a $1.9 trillion economic aid plan. But vaccination campaigns have progressed more slowly than expected and the prospect of stricter lockdowns in France and Germany, as well as a resurgence of COVID-19 cases in China, weighed on market sentiment. "I feel that after all the optimism regarding vaccines, we are now living the reality of a very slow rollout, which is weighing heavily on business activity," said Juan Perez, senior currency trader at Tempus Inc in Washington. "Until we have more guarantees on the medical front, markets will not continue to flourish despite whatever financial aid may be on the way," Perez said. The dollar gained ground against the euro and sterling, while the yen was little changed. Stocks fell but remained close to recent record highs, with investors also digesting the prospect of rising taxes to pay for Biden\'s plan. "Spending is easy to do but the question is how are you going to pay for it? Markets often ignore politics but they don\'t often ignore taxes," said Tim Ghriskey, chief investment strategist at Inverness Counsel in New York. The Dow Jones Industrial Average fell 177.26 points, or 0.57%, to 30,814.26, the S&P 500 lost 27.29 points, or 0.72%, to 3,768.25 and the Nasdaq Composite dropped 114.14 points, or 0.87%, to 12,998.50. The pan-European STOXX 600 index lost 1.01% and MSCI\'s gauge of stocks across the globe shed 0.86%. Emerging market stocks lost 0.93%. MSCI\'s broadest index of Asia-Pacific shares outside Japan closed 0.67% lower, while Nikkei futures lost 2.01%. Story continues Yields were also pressured lower by a weaker-than-expected reading in U.S. retail sales. "This morning’s disappointing retail sales figures reinforced the idea that more stimulus will be needed," said Ian Lyngen, head of U.S. rates strategy at BMO Capital Markets in New York. U.S. 10-year notes last rose 13/32 in price to yield 1.0852%, from 1.129% late on Thursday. Despite the weekly dip in the benchmark yield, it was set to close a second week above 1%, a streak not seen since before the lockdowns took hold early last year. Oil prices fell sharply on concerns that demand would be lower as COVID-19 continues to rage globally. "The recent resurgence in coronavirus infections, appearance of new variants, delayed vaccine rollouts and renewed lockdown measures in most major OECD economies has clouded the economic and demand recovery," said Stephen Brennock of oil broker PVM. U.S. crude recently fell 2.73% to $52.11 per barrel and Brent was at $54.87, down 2.75% on the day. The dollar index rose 0.573%, with the euro down 0.68% to $1.2073, while sterling was last trading at $1.3585, down 0.75% on the day. The Japanese yen weakened 0.07% versus the greenback at 103.88 per dollar. Spot gold dropped 1.1% to $1,826.59 an ounce. Silver fell 3.11% to $24.74. Bitcoin last fell 7.59% to $36,164.50. (Reporting by Rodrigo Campos; Additional reporting by Lucia Mutikani in Washington and Sinead Carew, Karen Brettell, Jessica Resnick-Ault and Saqib Iqbal Ahmed in New York; Editing by Nick Zieminski, Cynthia Osterman and Sonya Hepinstall)', 'By Rodrigo Campos\nNEW YORK (Reuters) - Stock and oil prices fell on Friday, pressured by intensifying lockdowns and weak U.S. retail sales data, while the dollar index posted its largest weekly gain in more than two months.\nU.S. bond yields and stocks have risen recently, partly on expectations about the rollout of coronavirus vaccines and on a massive stimulus plan by the incoming Democratic administration. President-elect Joe Biden on Thursday unveiled a $1.9 trillion economic aid plan.\nBut vaccination campaigns have progressed more slowly than expected and the prospect of stricter lockdowns in France and Germany, as well as a resurgence of COVID-19 cases in China, weighed on market sentiment.\n"I feel that after all the optimism regarding vaccines, we are now living the reality of a very slow rollout, which is weighing heavily on business activity," said Juan Perez, senior currency trader at Tempus Inc in Washington.\n"Until we have more guarantees on the medical front, markets will not continue to flourish despite whatever financial aid may be on the way," Perez said.\nThe dollar gained ground against the euro and sterling, while the yen was little changed.\nStocks fell but remained close to recent record highs, with investors also digesting the prospect of rising taxes to pay for Biden\'s plan.\n"Spending is easy to do but the question is how are you going to pay for it? Markets often ignore politics but they don\'t often ignore taxes," said Tim Ghriskey, chief investment strategist at Inverness Counsel in New York.\nThe Dow Jones Industrial Average fell 177.26 points, or 0.57%, to 30,814.26, the S&P 500 lost 27.29 points, or 0.72%, to 3,768.25 and the Nasdaq Composite dropped 114.14 points, or 0.87%, to 12,998.50.\nThe pan-European STOXX 600 index lost 1.01% and MSCI\'s gauge of stocks across the globe shed 0.86%.\nEmerging market stocks lost 0.93%. MSCI\'s broadest index of Asia-Pacific shares outside Japan closed 0.67% lower, while Nikkei futures lost 2.01%.\nYields were also pressured lower by a weaker-than-expected reading in U.S. retail sales.\n"This morning’s disappointing retail sales figures reinforced the idea that more stimulus will be needed," said Ian Lyngen, head of U.S. rates strategy at BMO Capital Markets in New York.\nU.S. 10-year notes last rose 13/32 in price to yield 1.0852%, from 1.129% late on Thursday.\nDespite the weekly dip in the benchmark yield, it was set to close a second week above 1%, a streak not seen since before the lockdowns took hold early last year.\nOil prices fell sharply on concerns that demand would be lower as COVID-19 continues to rage globally.\n"The recent resurgence in coronavirus infections, appearance of new variants, delayed vaccine rollouts and renewed lockdown measures in most major OECD economies has clouded the economic and demand recovery," said Stephen Brennock of oil broker PVM.\nU.S. crude recently fell 2.73% to $52.11 per barrel and Brent was at $54.87, down 2.75% on the day.\nThe dollar index rose 0.573%, with the euro down 0.68% to $1.2073, while sterling was last trading at $1.3585, down 0.75% on the day.\nThe Japanese yen weakened 0.07% versus the greenback at 103.88 per dollar.\nSpot gold dropped 1.1% to $1,826.59 an ounce. Silver fell 3.11% to $24.74.\nBitcoin last fell 7.59% to $36,164.50.\n(Reporting by Rodrigo Campos; Additional reporting by Lucia Mutikani in Washington and Sinead Carew, Karen Brettell, Jessica Resnick-Ault and Saqib Iqbal Ahmed in New York; Editing by Nick Zieminski, Cynthia Osterman and Sonya Hepinstall)', 'By Rodrigo Campos NEW YORK (Reuters) - Stock and oil prices fell on Friday, pressured by intensifying lockdowns and weak U.S. retail sales data, while the dollar index posted its largest weekly gain in more than two months. U.S. bond yields and stocks have risen recently, partly on expectations about the rollout of coronavirus vaccines and on a massive stimulus plan by the incoming Democratic administration. President-elect Joe Biden on Thursday unveiled a $1.9 trillion economic aid plan. But vaccination campaigns have progressed more slowly than expected and the prospect of stricter lockdowns in France and Germany, as well as a resurgence of COVID-19 cases in China, weighed on market sentiment. "I feel that after all the optimism regarding vaccines, we are now living the reality of a very slow rollout, which is weighing heavily on business activity," said Juan Perez, senior currency trader at Tempus Inc in Washington. "Until we have more guarantees on the medical front, markets will not continue to flourish despite whatever financial aid may be on the way," Perez said. The dollar gained ground against the euro and sterling, while the yen was little changed. Stocks fell but remained close to recent record highs, with investors also digesting the prospect of rising taxes to pay for Biden\'s plan. "Spending is easy to do but the question is how are you going to pay for it? Markets often ignore politics but they don\'t often ignore taxes," said Tim Ghriskey, chief investment strategist at Inverness Counsel in New York. The Dow Jones Industrial Average fell 177.26 points, or 0.57%, to 30,814.26, the S&P 500 lost 27.29 points, or 0.72%, to 3,768.25 and the Nasdaq Composite dropped 114.14 points, or 0.87%, to 12,998.50. The pan-European STOXX 600 index lost 1.01% and MSCI\'s gauge of stocks across the globe shed 0.86%. Emerging market stocks lost 0.93%. MSCI\'s broadest index of Asia-Pacific shares outside Japan closed 0.67% lower, while Nikkei futures lost 2.01%. Story continues Yields were also pressured lower by a weaker-than-expected reading in U.S. retail sales. "This morning’s disappointing retail sales figures reinforced the idea that more stimulus will be needed," said Ian Lyngen, head of U.S. rates strategy at BMO Capital Markets in New York. U.S. 10-year notes last rose 13/32 in price to yield 1.0852%, from 1.129% late on Thursday. Despite the weekly dip in the benchmark yield, it was set to close a second week above 1%, a streak not seen since before the lockdowns took hold early last year. Oil prices fell sharply on concerns that demand would be lower as COVID-19 continues to rage globally. "The recent resurgence in coronavirus infections, appearance of new variants, delayed vaccine rollouts and renewed lockdown measures in most major OECD economies has clouded the economic and demand recovery," said Stephen Brennoc
**Last 60 Days of Bitcoin's Closing Prices:**
[16716.11, 17645.41, 17804.01, 17817.09, 18621.31, 18642.23, 18370.00, 18364.12, 19107.46, 18732.12, 17150.62, 17108.40, 17717.41, 18177.48, 19625.84, 18803.00, 19201.09, 19445.40, 18699.77, 19154.23, 19345.12, 19191.63, 18321.14, 18553.92, 18264.99, 18058.90, 18803.66, 19142.38, 19246.64, 19417.08, 21310.60, 22805.16, 23137.96, 23869.83, 23477.29, 22803.08, 23783.03, 23241.35, 23735.95, 24664.79, 26437.04, 26272.29, 27084.81, 27362.44, 28840.95, 29001.72, 29374.15, 32127.27, 32782.02, 31971.91, 33992.43, 36824.36, 39371.04, 40797.61, 40254.55, 38356.44, 35566.66, 33922.96, 37316.36, 39187.33]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2021-01-15
**Financial & Commodity Data:**
- Gold Closing Price: $1829.30
- Crude Oil Closing Price: $52.36
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $719,270,217,375
- Hash Rate: 158782049.6436469
- Transaction Count: 344002.0
- Unique Addresses: 808283.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.88
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Whether backed by fiat, gold or crypto, interest-yielding, non-collateralized or decentralized, stablecoins have become a major part of the digital asset ecosystem in recent years.
Created as an alternative to the inherent volatility of cryptocurrencies like Bitcoin and Ethereum, stablecoins are marketed as viable payments solutions for enterprise blockchain use cases, since merchants should – in theory – have no qualms about accepting them. Speaking of merchants, there are rumors that PayPal (NASDAQ:PYPL) could implement its very own stablecoin having recently announced support for a range of cryptocurrencies.
The emergence of decentralized finance (defi) – a subset of the crypto market comprising tools for trustlessly interacting with open finance protocols like savings and lending – has shone a spotlight on stablecoins such as DAI and USDT, providing them with myriad use cases.
One of the latest stablecoin examples isBXTB, a defi-based protocol that collateralizes other stablecoins to create its own CHIP token, hosted on a low-energy, high-throughput consensus mechanism called Proof of Capacity (PoC). CHIP, in other words, inherits the stability of tried and tested stablecoins deposited as collateral, while benefiting from faster speeds and lower transaction fees.
An anonymous, community-driven defi protocol, BXTB wants to transform the stablecoin market via a yield-generating currency suitable for enterprise use cases. Initially, its ambition is to unify the payment and settlement systems of the multi-billion dollar gambling industry, partnering with operators, platform providers and publishers to ensure a seamless, trustworthy betting experience.
The BXTB mainnet launched earlier this year, and the platform has already teamed up with several gaming operators including JustBet and GameWorks Technologies (GWX).
One vocal supporter is Nigel Hughes, one-time Principal Consultant forNEM(New Economy Movement) and current Chief Technical Advisor for crypto mining firm R3V.lab. Hughes first came across the defi platform in 2018 and was immediately intrigued.
Nigel Hughes
“Through the course of my work on NEM I met the people behind BXTB, which was then just an idea that was being considered,” Hughes remembers. “I was impressed by the fact that the core team took the Satoshi Nakamoto approach by remaining out of the spotlight, and I felt that their vision very much aligned towards the long term – something you can’t say about too many projects in the defi and stablecoin space.”
In the years following that fateful meeting, Hughes has played a key role in pushing BXTB and driving adoption. While many community members prefer to remain anonymous, the blockchain veteran is happy to go to bat for the platform, which he believes can “move blockchain technology towards greater inclusivity,” while at the same time addressing the lack of value being created by existing use cases.
“Enterprise companies are looking for stablecoin solutions that can process transactions cheaply, quickly and with high velocity and volume,” Hughes observes. “By creating a collateralization mechanism that turns existing secure and successful stablecoins into high-throughput CHIPs, it’s possible to provide an enterprise-ready stablecoin solution and network that can be immediately implemented for real-world use cases.”
Though the CHIP stablecoin is the central plank of the BXTB ecosystem, the platform does in fact feature multiple tokens.BXTBare governance tokens that can be mined or purchased then staked, alongside supported stablecoins likeUSDT, to mint CHIP and yieldyBXTB. Holders of the latter, meanwhile, earn yield by receiving a portion of the network and transaction fees generated on the sidechain.
“Because BXTB uses a Proof of Capacity sidechain capable of high throughput and low fees, BXTB can be mined on very small and inexpensive devices,” Hughes explains.
Proof of Capacitymining works by precomputing answers to cryptographic challenges and storing them on memory devices such as hard disks before the physical mining process begins. The answers are then checked, without the need for an intensive computational process.
“Anyone with a hard drive and internet connection can contribute towards validation and consensus – this is entirely different to Proof of Work (PoW) and Proof of Stake (PoS) blockchains,” says Hughes. “As a result, BXTB is accessible to the larger community, strengthening decentralization and increasing the integrity of the network.”
As for the advantages of using CHIP rather than the stablecoins BXTB collateralizes, Hughes points to prohibitive transaction fees and lengthy confirmation times.
“I have met plenty of businesses that have expressed the need for such a solution in their plans to utilize blockchain. The gaming industry happens to be the one vertical market with an immediate need for BXTB, and is a natural fit in view of increasing need for transparent settlement.
“Companies can simply adopt CHIPs as an integrated solution on top of their existing technology stack – BXTB’s infrastructure can handle the rest. By allowing the output of games to be provably verified on the blockchain, players can interact with operators in a trustless manner, something that has been needed for a very long time.”
Although BXTB is primarily envisaged as an enterprise-ready stablecoin solution for the gambling industry, there’s no denying its defi characteristics. Indeed, many stakeholders will be attracted to the platform purely to earn yield – online gaming won’t enter their minds. This is something Hughes readily acknowledges, but he sees BXTB as being a serious upgrade on existing defi protocols.
“Today’s yield systems are not generating value through sustainable means. Many defi projects that are offering high yields are doing so at the risk of presenting a musical chairs scenario, where early adopters receive the highest yields and late adopters put their underlying collateral and funds at risk.
“BXTB, on the other hand, derives yield by offering utility and solutions for existing real-world use cases, such as the gaming industry. In the simplest iteration, every transaction happening with CHIPs will be charged a small processing-based fee, which is paid out as incentive to yBXTB holders. This incentive mechanism, or “yield,” promotes the liquidity of CHIPs and makes it even more attractive for businesses.”
“The intention in the long run is to move from being a foundation-operated blockchain to a fully on-chain governed protocol, similar to that of a DAO in other blockchains,” explains Hughes. “BXTB tokens will be utilized in some form as governance tokens, as they are readily available through Proof of Capacity mining.
Whether BXTB transforms the stablecoin, online gambling or defi landscape remains to be seen. What is clear is that defi is breaking out of its vertical and beginning to shape other industries, from gaming to payments.
Disclosure: No positions....
- Reddit Posts (Sample): [['u/chernchern', 'Asking for a DD & Catalyst BEFORE the run... $VNUE is still .01 and is ready to pop (some DD included)', 48, '2021-01-15 00:18', 'https://www.reddit.com/r/pennystocks/comments/kxhik0/asking_for_a_dd_catalyst_before_the_run_vnue_is/', 'With the posts lately claiming that info only comes after the run, here is one for you. VNUE. Please note, much of this is not my writing, rather info collected from their website and other sources. All of which you may verify on your own by visiting the various websites linked and reading for yourself and doing your own DD.\n\n(I\'m not a financial advisor, please note any opinions expressed here are my own.)\n\n**About VNUE**\n\nVNUE is a music technology company dedicated to further monetizing the live music experience for artists, labels, writers, publishers, and literally all stakeholders, by creating new and exciting products; by leveraging automation technology and second-to-none experience in the instant live space; and by identifying issues such as lack of transparency with performance rights organizations and solving this through innovation and our patent-pending solutions.\xa0\n\nThe VNUE team is the most experienced in our space, a group of technology entrepreneurs, artists and songwriters who are passionate about the future of the industry, and ensuring that the value of the rights holders are not lost in the context of new and ever-changing technology.\n\nVNUE is the exclusive licensor of "instant live" pioneer [DiscLive](http://www.disclive.net/), offering high-end collectible products such as CDs, USB drives and laminates, that feature our fully mixed and mastered live concert content.\n\nVNUE also utilizes our exclusive [set.fm](http://www.set.fm/) technology to help artists and labels render real revenue from live shows by making that content available to the set.fm platform immediately after the show, utilizing our DiscLive expertise.\n\nFinally, VNUE is rolling out our [Soundstr](http://www.soundstr.com/) music identification technology to venues, bars, restaurants, radio stations, and more, to ensure that artists are being properly compensated for music that is performed, and also to ensure that businesses pay by use, rather than expensive blanket license agreements.\xa0 VNUE is revolutionizing how royalties are paid, and injecting transparency into an otherwise complicated and murky world.\n\nBy (a) selling only live content through our platforms, to include not just major and independent label content, but creating and scaling our own “instant” live exclusive content, (b) processing and paying mechanical royalties on instant live content, and (c), ensuring proper accounting and payment to rights holders of material played in venues, VNUE has a perfect trifecta of solutions that will revolutionize the live music business.\n\n**Management Team:**\n\n**ZACH BAIR • CEO & CHAIRMAN**VNUE CEO Zach Bair started his musical ambitions at 6 years old, "banging" on his mother\'s baby grand piano, much to her chagrin. This evolved into trumpet playing in high school and eventually "loud" rock-n-roll bands by the time college and beyond hit. An entrepreneur, Zach has started multiple tech and music companies, including **Immediatek, which rolled out Bair’s copy-control technology in 2002, and subsequently commercialized the original DiscLive, considered to be the pioneer of the "instant live" space, on a groundbreaking tour with the Pixies in 2004. Immediatek sold to Mark Cuban in 2006.** Prior to Immediatek, he founded Voyence (previously known as PowerUp Networks) based on patented software of his design, and raised over $12M in a Series A round of funding. That company eventually sold to EMC Corp. He has carried the torch for music and technology ever since, continuing to pursue greater control, protection, and revenue for artists and labels, culminating in his leadership with VNUE to take the model to the next level.\n\n**LOU MANN • EXECUTIVE VICE PRESIDENT & DIRECTOR**\n\nLou is former Executive Vice President and General Manager of **Capital Records,** and also former president of Media Properties for House of Blues. During his time with House of Blues, where he reported directly to the CEO, Mann successfully introduced the HOB to the recorded music industry by developing a viable label and signing major artists.\n\n**TONY CARDENAS • CHIEF CREATIVE OFFICER & DIRECTOR**Better known as "Tony Montana," the bassist and co-writer for double platinum recording artist Great White from 1987-1992, Tony has gone on to a successful career not only in music, producing and recording, but also as a hi-tech entrepreneur. He co-founded the precedent-setting business DiskFaktory.com, which generated over $12M in revenues during its lifetime.\n\n**JIM KING • CTO**\n\nMr. King has held CIO, CTO, and COO level roles with leading global information services, media and publishing companies including McGraw-Hill (S&P Global), Brightpoint, PR Newswire (Cision), LexisNexis and Reed Elsevier PLC, and leadership roles with such companies as Microsoft and NCR/AT&T Bell Labs. He is also founder of multiple startups including Core Rights, which developed technology focused on machine learning-based sales lead generation and venue music licensing utilizing blockchain technology.[https://www.otcmarkets.com/stock/VNUE/news/Former-BMI-Executive-Jim-King-Joins-VNUE-Inc?id=219860](https://www.otcmarkets.com/stock/VNUE/news/Former-BMI-Executive-Jim-King-Joins-VNUE-Inc?id=219860)\n\n**JOCK WEAVER - ADVISOR**Mr. Weaver previously **served as president of Hard Rock Café International, an English publicly traded company that had operations in London, New York, Dallas, Stockholm, Tokyo, Reykjavick, Cancun, Boston, and Washington D.C., and whose securities traded on both the London Stock Exchange and the American Stock Exchange. In fact, Mr. Weaver was the youngest person in history to list a company on both exchanges.**\n\n[https://www.otcmarkets.com/stock/VNUE/news/Former-Hard-Rock-International-President-Jock-Weaver-Joins-VNUE-Inc?id=212408](https://www.otcmarkets.com/stock/VNUE/news/Former-Hard-Rock-International-President-Jock-Weaver-Joins-VNUE-Inc?id=212408)\n\n**JOHN MADISON – ADVISORMr. Madison has spent over 25 years working in radio, and has been brought into VNUE as an advisor to assist in the rollout of the Soundstr music recognition technology into that sector.** In addition to several leadership roles in the music industry, including as Executive Vice President with Warner Music Group, Madison has also held high profile positions in radio. He has worked as Senior Vice President at Pyramid Broadcasting, where he was responsible for several large markets including Los Angeles, New York, San Francisco, and Phoenix.\n\n[https://www.otcmarkets.com/stock/VNUE/news/Radio-Industry-Veteran-John-Madison-Joins-VNUE-Inc?id=219509](https://www.otcmarkets.com/stock/VNUE/news/Radio-Industry-Veteran-John-Madison-Joins-VNUE-Inc?id=219509)\n\n**Key Partnerships:**\n\n**Rob Thomas & Australia Tour**\n\n[https://www.otcmarkets.com/stock/VNUE/news/VNUE-Announces-Australian-Tour-Leg-With-Rob-Thomas?id=241552](https://www.otcmarkets.com/stock/VNUE/news/VNUE-Announces-Australian-Tour-Leg-With-Rob-Thomas?id=241552)\n\n**Matchbox20**NEW YORK, Jan. 13, 2020 /PRNewswire/ -- VNUE, Inc. (OTC: VNUE) announced today that the company has signed a deal with Matchbox Twenty, the multi-platinum, hit-making pop rock band, to record each date on the band\'s 2020 tour, and to release "instant" collectible CD sets and collectible download cards through its exclusive partner, DiscLive (disclive.net), and through its innovative digital mobile platform, set.fm.[https://www.otcmarkets.com/stock/VNUE/news/VNUE-Signs-Matchbox-Twenty-to-Record-2020-Tour-Dates?id=251132](https://www.otcmarkets.com/stock/VNUE/news/VNUE-Signs-Matchbox-Twenty-to-Record-2020-Tour-Dates?id=251132)\n\n**Ticketmaster**“**Additionally, VNUE has partnered with Ticketmaster (NASDAQ: TKTM) so that fans may have the option of purchasing the "instant live" CD sets when they buy their tickets.”**[https://www.otcmarkets.com/stock/VNUE/news/VNUE-Signs-Matchbox-Twenty-to-Record-2020-Tour-Dates?id=251132](https://www.otcmarkets.com/stock/VNUE/news/VNUE-Signs-Matchbox-Twenty-to-Record-2020-Tour-Dates?id=251132)\n\n**ROCKHOUSE LIVE INTERNATIONAL**\n\nToday, Jock Weaver, former president & visionary force of the international phenomenon Hard Rock Café, **announces a partnership with music tech guru/entrepreneur Zach Bair in ROCKHOUSE LIVE INTERNATIONAL™, an exciting new hybrid Live & Virtual entertainment-themed restaurant and venue operation.**In a strong nod to the Pandemic, ROCKHOUSE LIVE INTERNATIONAL™ is also designed to offer live VIRTUAL concerts along with plenty of take-out food to boot. Using technology developed and operated by the company of which Bair is CEO, VNUE, Inc. (OTC: VNUE), fans can have concert audio within minutes of the end of a show, delivered directly to their mobile devices via the set.fm website ([www.set.fm](http://www.set.fm)) or the set.fm mobile application.\n\n[https://www.fb101.com/2020/09/rockhouse-live-international-launches-hybrid-live-virtual-entertainment-foodie-spots/](https://www.fb101.com/2020/09/rockhouse-live-international-launches-hybrid-live-virtual-entertainment-foodie-spots/)\n\n&#x200B;\n\n**Today\'s News:**\n\n[**https://www.prnewswire.com/news-releases/vnue-announces-soundstr-deal-with-newhd-media-301208755.html**](https://www.prnewswire.com/news-releases/vnue-announces-soundstr-deal-with-newhd-media-301208755.html)\n\n(Copied from article)\n\nNEW YORK, Jan. 14, 2021 /PRNewswire/ --\xa0VNUE, Inc. (OTC: VNUE) announced today that it has signed a radio monitoring and partnership agreement utilizing its patent-pending Soundstr technology, with NEWHD Media, and additionally, it was announced that VNU...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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36178.14, 35791.28, 36630.07, 36069.80, 35547.75, 30825.70, 33005.76, 32067.64, 32289.38, 32366.39
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['CAGAYAN, PHILIPPINES / ACCESSWIRE / January 15, 2021 / Tinaga Island Resort STO will be the first implementation of Ravencoin protocol in a security token offering involving ownership of prime beach front real estate in the Philippine island of Tinaga and income from the sale of villas, hotel operations and appreciating asset value. TIRC is the unique token name and is expected to be listed on Cryptosx during Q1 2021. Tinaga Team leader, Daniel Mckinney said: "We chose Cryptosx as our 1 st trading exchange for our token because we believe Cryptosx is becoming the OTC trading center for world-wide tokens. This is the beginning of the beginning! Cryptosx has been working for several months with Tron Black, Ravencoin Lead Developer and with AlphaPoint, an exchange software provider, on the integration of Ravencoin protocol to ensure our suite of token life cycle management tools work seamlessly and efficiently on each transaction in accordance with our compliance requirements. "I\'m excited to see the open-source decentralized Ravencoin tokenization platform used to securely record ownership. With AlphaPoint becoming Ravencoin asset aware and support from Cryptosx, this opens up opportunities for more projects to tokenize on Ravencoin", claimed Tron Black, President of Ravencoin Foundation. "We are a highly focused trading platform for security tokens and understand that we need to continuously improve functionalities and cost/benefits attributes for our clients and investors. Ravencoin came onto our radar in early 2020 as we began to examine alternative tokenization protocols\' said Founder of Cryptosx, Philip Tam. Ravencoin was created in 2017 as a fork of the open-source Bitcoin code as a way to hold assets digitally and transfer them easily between parties. That was the specific use case Ravencoin was designed for and is a truly open source project (no ICO or master nodes). Two very important characteristics or features of Ravencoin assets are (1) the ability to acquire a Unique Name to prevent fraud and spoofing and (2) the cost to transfer is much cheaper than ERC-20 or extended ERC-20 smart contracts. So many blockchain projects try to pretend they can solve every problem, or try to offer a use-case for every scenario. Ravencoin is different because it\'s focused on doing one thing right - tokenized asset transfers. Story continues "Tinaga is the first Ravencoin based STO and we are all very excited to be part of this journey. We do expect to see more adoption in 2021 following the completion of the Ravencoin code audit and interested projects in our pipeline," concluded Philip Tam. About Ravencoin Ravencoin (RVN) is a decentralized peer-to-peer network designed to efficiently handle the transfer of assets from one party to another. Built on a fork of the Bitcoin code, the proof-of-work Ravencoin platform was launched January 3rd, 2018 and is a truly open source project (no ICO, no pre-mine, no masternodes). It focuses on building a useful technology, with a strong and growing community. https://medium.com/@ravencoin/ravencoin-4683cd00f83c . About Tinaga Resorts Corp. Tinaga Resorts Corp "TRC" is a Philippine corporation implementing the latest environmental technology, combining green development with responsible eco-tourism and is exercising responsible stewardship over its natural environment. Tinaga island is a showcase of pristine clear blue water and unspoiled virgin white sand beaches. In recognition of a 100% green sustainable development, TRC strives to maintain a delicate balance between achieving tourism development goals and conserving the islands fragile environment. www.tinagaislandresort.com For more information on Tinaga Resort, please visit: https://www.tinagaislandresort.com About AlphaPoint AlphaPoint is a financial technology company powering digital asset exchanges and brokerages worldwide. Through its secure, scalable, and customizable digital asset trading platform, AlphaPoint has enabled over 150 customers in 35 countries to launch and operate digital asset markets, as well as digitize assets. AlphaPoint and its award winning blockchain technology have helped start-ups and institutions discover and execute their blockchain strategies since 2013. Alpha Point: www.alphapoint.com . About CryptoSX With the empowerment of world-leading technologies, CryptoSX is building a cutting edge crypto exchange platform for STOs backed by Fiat/Crypto conversion capabilities. They are significantly involved in assisting companies in STO primary listings, STO secondary trading and to develop and launch a substantial decentralized finance "DeFi" business, including crypto lending. CryptoSX is compliant with all of the applicable financial and virtual exchange policies and regulations of the Philippine government under CEZA (Cagayan Economic Zone Authority). For more information on CryptoSX please visit: www.cryptosx.io . CONTACT: Philip Tam Email: [email protected] SOURCE: CryptoSX View source version on accesswire.com: https://www.accesswire.com/624421/CryptoSX-Digital-Asset-Exchange-Announced-Today-that-its-Trading-Platform-will-Support-Ravencoin-Assets-to-Further-Strengthen-its-Position-as-the-Leading-Security-Token-Platform-in-Asia', 'CAGAYAN, PHILIPPINES / ACCESSWIRE / January 15, 2021 / Tinaga Island Resort STO will be the first implementation of Ravencoin protocol in a security token offering involving ownership of prime beach front real estate in the Philippine island of Tinaga and income from the sale of villas, hotel operations and appreciating asset value. TIRC is the unique token name and is expected to be listed on Cryptosx during Q1 2021. Tinaga Team leader, Daniel Mckinney said: "We chose Cryptosx as our 1 st trading exchange for our token because we believe Cryptosx is becoming the OTC trading center for world-wide tokens. This is the beginning of the beginning! Cryptosx has been working for several months with Tron Black, Ravencoin Lead Developer and with AlphaPoint, an exchange software provider, on the integration of Ravencoin protocol to ensure our suite of token life cycle management tools work seamlessly and efficiently on each transaction in accordance with our compliance requirements. "I\'m excited to see the open-source decentralized Ravencoin tokenization platform used to securely record ownership. With AlphaPoint becoming Ravencoin asset aware and support from Cryptosx, this opens up opportunities for more projects to tokenize on Ravencoin", claimed Tron Black, President of Ravencoin Foundation. "We are a highly focused trading platform for security tokens and understand that we need to continuously improve functionalities and cost/benefits attributes for our clients and investors. Ravencoin came onto our radar in early 2020 as we began to examine alternative tokenization protocols\' said Founder of Cryptosx, Philip Tam. Ravencoin was created in 2017 as a fork of the open-source Bitcoin code as a way to hold assets digitally and transfer them easily between parties. That was the specific use case Ravencoin was designed for and is a truly open source project (no ICO or master nodes). Two very important characteristics or features of Ravencoin assets are (1) the ability to acquire a Unique Name to prevent fraud and spoofing and (2) the cost to transfer is much cheaper than ERC-20 or extended ERC-20 smart contracts. So many blockchain projects try to pretend they can solve every problem, or try to offer a use-case for every scenario. Ravencoin is different because it\'s focused on doing one thing right - tokenized asset transfers. Story continues "Tinaga is the first Ravencoin based STO and we are all very excited to be part of this journey. We do expect to see more adoption in 2021 following the completion of the Ravencoin code audit and interested projects in our pipeline," concluded Philip Tam. About Ravencoin Ravencoin (RVN) is a decentralized peer-to-peer network designed to efficiently handle the transfer of assets from one party to another. Built on a fork of the Bitcoin code, the proof-of-work Ravencoin platform was launched January 3rd, 2018 and is a truly open source project (no ICO, no pre-mine, no masternodes). It focuses on building a useful technology, with a strong and growing community. https://medium.com/@ravencoin/ravencoin-4683cd00f83c . About Tinaga Resorts Corp. Tinaga Resorts Corp "TRC" is a Philippine corporation implementing the latest environmental technology, combining green development with responsible eco-tourism and is exercising responsible stewardship over its natural environment. Tinaga island is a showcase of pristine clear blue water and unspoiled virgin white sand beaches. In recognition of a 100% green sustainable development, TRC strives to maintain a delicate balance between achieving tourism development goals and conserving the islands fragile environment. www.tinagaislandresort.com For more information on Tinaga Resort, please visit: https://www.tinagaislandresort.com About AlphaPoint AlphaPoint is a financial technology company powering digital asset exchanges and brokerages worldwide. Through its secure, scalable, and customizable digital asset trading platform, AlphaPoint has enabled over 150 customers in 35 countries to launch and operate digital asset markets, as well as digitize assets. AlphaPoint and its award winning blockchain technology have helped start-ups and institutions discover and execute their blockchain strategies since 2013. Alpha Point: www.alphapoint.com . About CryptoSX With the empowerment of world-leading technologies, CryptoSX is building a cutting edge crypto exchange platform for STOs backed by Fiat/Crypto conversion capabilities. They are significantly involved in assisting companies in STO primary listings, STO secondary trading and to develop and launch a substantial decentralized finance "DeFi" business, including crypto lending. CryptoSX is compliant with all of the applicable financial and virtual exc
**Last 60 Days of Bitcoin's Closing Prices:**
[17645.41, 17804.01, 17817.09, 18621.31, 18642.23, 18370.00, 18364.12, 19107.46, 18732.12, 17150.62, 17108.40, 17717.41, 18177.48, 19625.84, 18803.00, 19201.09, 19445.40, 18699.77, 19154.23, 19345.12, 19191.63, 18321.14, 18553.92, 18264.99, 18058.90, 18803.66, 19142.38, 19246.64, 19417.08, 21310.60, 22805.16, 23137.96, 23869.83, 23477.29, 22803.08, 23783.03, 23241.35, 23735.95, 24664.79, 26437.04, 26272.29, 27084.81, 27362.44, 28840.95, 29001.72, 29374.15, 32127.27, 32782.02, 31971.91, 33992.43, 36824.36, 39371.04, 40797.61, 40254.55, 38356.44, 35566.66, 33922.96, 37316.36, 39187.33, 36825.37]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2021-01-16
**Financial & Commodity Data:**
- Gold Closing Price: $1829.30
- Crude Oil Closing Price: $52.36
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $719,270,217,375
- Hash Rate: 150586847.08139417
- Transaction Count: 308461.0
- Unique Addresses: 733398.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.84
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: This weekend's Barron's offers the guidance of a variety of experts on what's ahead for the global economy and the markets. Another featured article examines why the Dividend Aristocrats may be the best bet now. Also, the prospects for bank stocks and a highly anticipated IPO under a Biden administration. " Howard Marks Outlines Investment Opportunities, Risks " by Lawrence C. Strauss offers wisdom from Howard Marks, co-chair of Oaktree Capital Management, whose strategies include distressed assets and high-yield debt. See why his regular memos to Oaktree clients are read widely on Wall Street and beyond. Reshma Kapadia's " Climate Change Is the Biggest Investment Opportunity Post-Covid " features advice from Afsaneh Mashayekhi Beschloss, founder and CEO of RockCreek. The firm manages $15 billion on behalf of pensions, endowments and foundations, with a focus on sustainability and emerging markets. In " The Biggest Investment Opportunity for Americans Is China, Bridgewater's Karen Karniol-Tambour Says ," Reshma Kapadia features the views of the director of investment research at Bridgewater Associates, the world's largest hedge fund. Find out why her boss, Ray Dalio, once likened her to a "vacuum cleaner of learning." Jens Nordvig is the founder of Exante Data, whose focus on data helped the firm see just how big a problem COVID-19 would be — and how to navigate it. So says " How to Invest in the Recoveries of the World's Hardest Hit Countries " by Ben Levisohn. See how to invest in the economic recoveries of Mexico, Thailand and other countries. In Andrew Bary's " Why Bitcoin Is the Best Investment Opportunity Post-Pandemic ," see what historian Niall Ferguson, the prolific author, creator of the TV series The Ascent of Money and founder of Greenmantle, a macroeconomic and geopolitical advisory firm, has to say about what will drive the cryptocurrency higher. Story continues " Overconfidence Could Be Investors' Biggest Mistake, Richard Thaler Says " by Jack Hough offers guidance from Nobel Prize-winning behavioral economist Richard Thaler, who is co-founder of Fuller & Thaler, an asset manager that looks for bargains created when investors overreact and underreact. See how investors can avoid being punished by overconfidence. See also: Benzinga's Bulls And Bears Of The Week: Amazon, Apple, Ford, GE, Palantir And More Home-sharing upstart Airbnb could be one of the hottest initial public offerings of the year, and it is poised to gain when travel recovers, according to Andrew Bary's " Airbnb's IPO Will Be Hot. Its Stock Will Be Worth the Price. " Discover how much of a challenge the online marketplace poses to the likes of Expedia Group Inc (NYSE: EXPE ) and to Marriott International Inc (NYSE: MAR ). Its listing is expected in the middle of this month. In " 7 Bank Stocks That Could Thrive in the Biden Era ," Carleton English points out that the market found comfort in the naming of Janet Yellen as Treasury secretary, but it still favors regional banks such as Bank of New York Mellon Corp (NYSE: BK ), Comerica Incorporated (NYSE: CMA ) and Fifth Third Bancorp (NASDAQ: FITB ) over the big banks. Lawrence C. Strauss's " Best Bet in a Down Year: The Dividend Aristocrats " says that consistent dividend growth over at least 25 years made up the best-performing basket of dividend stocks tracked by Wolfe Research, including many of the S&P 500 Dividend Aristocrats, such as AT&T Inc. (NYSE: T ) and Johnson & Johnson (NYSE: JNJ ). Also in this week's Barron's: A checklist will get your financial life on track Financial advice for women in their 50s Financial advice for women in their 20s Why the renminbi will gain wider use globally How the COVID-19 crisis could turn into another financial crisis Why the coronavirus pandemic was not a black swan event How the ugly jobs report was may be good news for stocks Why bond investors are taking on more risk Whether gold prices will continue the march higher in 2021 How the technology behind plant-based meat substitutes is just getting started At the time of this writing, the author had no position in the mentioned equities. Keep up with all the latest breaking news and trading ideas by following Benzinga on Twitter. Photo courtesy Airbnb. See more from Benzinga Click here for options trades from Benzinga Notable Insider Buys of the Past Week: Foot Locker, Icahn Enterprises, Kraft Heinz And More Benzinga's Bulls And Bears Of The Week: Amazon, Apple, Ford, GE, Palantir And More © 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved....
- Reddit Posts (Sample): [['u/AwkwarThrowaway', 'Where to get anonymous help with NSFW work?', 20, '2021-01-16 00:14', 'https://www.reddit.com/r/AusLegal/comments/ky6gty/where_to_get_anonymous_help_with_nsfw_work/', "We're a couple based in (NSW/VIC) and had started an onlyfans/cam work online. Kinda by surprise we're making good money and are looking to continue this as part time work.\n\nWe're a bit confused regarding the law matters around this. Do we need a license? Which state would be better for us to work in? How to file taxes?\n\nCurrently, one of us is listed as the account holder (independent contractor as per the company) who received all payments and then we filed seperate returns for half the amount each. We also have some people paying us in bitcoin for special video requests and I'm not sure how to use them/list them as income. Also, we're thinking go getting a bigger place to set up a studio for us - can we list it as a write off? (Business expenses) \n\nWe have no idea how to go by this, we're also very surprised by the amount we made. I'm scared that the govt is gonna come after us. Also, we'd like to keep it anonymous to family and friends. Should we talk to a lawyer/CPA? If yes, who? Would be great if someone could refer a guy who works with this kind of jobs.", 'https://www.reddit.com/r/AusLegal/comments/ky6gty/where_to_get_anonymous_help_with_nsfw_work/', 'ky6gty', [['u/privacypolicyupdated', 24, '2021-01-16 00:21', 'https://www.reddit.com/r/AusLegal/comments/ky6gty/where_to_get_anonymous_help_with_nsfw_work/gjeb0gb/', "You should definitely contact your state's sex worker organisation, they do a pile of work in this area and some will have recommendations for accountants and the like. The national peak: https://www.scarletalliance.org.au/", 'ky6gty']]], ['u/Natural_Mountain', "Miami mayor considers diversifying city's treasury reserve into Bitcoin", 183, '2021-01-16 00:28', 'https://www.reddit.com/r/BitcoinMarkets/comments/ky6pze/miami_mayor_considers_diversifying_citys_treasury/', ' Miami’s mayor is considering diversifying the city’s treasury reserves into Bitcoin. Also wants Miami to emerge as one of the most crypto-forward cities in the country. \n\n Suarez is considering to create a regulatory framework that makes Miami the easiest place in the U.S. to do crypto business. Along with regulatory norms, he is also looking into allowing citizens to pay taxes and fees to the city in bitcoin. \n\nFull article [here](https://cryptopurview.com/miami-mayor-considers-diversifying-cities-treasury-reserve-into-bitcoin/).', 'https://www.reddit.com/r/BitcoinMarkets/comments/ky6pze/miami_mayor_considers_diversifying_citys_treasury/', 'ky6pze', [['u/Ahdilable', 48, '2021-01-16 00:53', 'https://www.reddit.com/r/BitcoinMarkets/comments/ky6pze/miami_mayor_considers_diversifying_citys_treasury/gjeejsw/', "Yeah he's been saying he'll consider it for ages\n\nGo ahead and do it you pussy....I guess most men can't all be as chad as Michael Saylor.", 'ky6pze'], ['u/Vladimus44', 15, '2021-01-16 03:20', 'https://www.reddit.com/r/BitcoinMarkets/comments/ky6pze/miami_mayor_considers_diversifying_citys_treasury/gjeuqv3/', "He's only considering a 1% allocation. Chill out. Its not irresponsible at all.", 'ky6pze']]], ['u/0_oii', 'Bitcoin Farm Time Calculator', 59, '2021-01-16 01:03', 'https://www.reddit.com/r/EscapefromTarkov/comments/ky7dix/bitcoin_farm_time_calculator/', ' [Bitcoin Calculator](https://www.desmos.com/calculator/xz4iunjgiz) \nI made this and I thought it would be somewhat useful.', 'https://www.reddit.com/r/EscapefromTarkov/comments/ky7dix/bitcoin_farm_time_calculator/', 'ky7dix', [['u/No-Engineering1629', 18, '2021-01-16 02:06', 'https://www.reddit.com/r/EscapefromTarkov/comments/ky7dix/bitcoin_farm_time_calculator/gjemoin/', 'To get the bitcoin farm you need to obtain millions of rubles just to be able to craft it then you have to buy graphics cards of rush the tech stores on interchange endlessly', 'ky7dix'], ['u/Anubis_9696', 16, '2021-01-16 02:33', 'https://www.reddit.com/r/EscapefromTarkov/comments/ky7dix/bitcoin_farm_time_calculator/gjepl29/', "It's not useless though. The world of tarkov is still bound by the value of money, clearly. Bitcoin is literally a currency and you can mine it from anywhere in the world. The rest of the world isn't in complete turmoil like tarkov is, lorewise. The traders would likely be paying suppliers to ship items and people in and out of tarkov. Many of these actions likely illegal in nature, which is where bitcoin true value is anyway. It makes perfect sense.", 'ky7dix'], ['u/ChocolateWaffles-', 11, '2021-01-16 03:12', 'https://www.reddit.com/r/EscapefromTarkov/comments/ky7dix/bitcoin_farm_time_calculator/gjetuxb/', 'So then it makes sense that bitcoins could be exchanged for roubles to fund operations within Tarkov, right?', 'ky7dix'], ['u/Anubis_9696', 10, '2021-01-16 03:21', 'https://www.reddit.com/r/EscapefromTarkov/comments/ky7dix/bitcoin_farm_time_calculator/gjeux7f/', "I've already tried. Dude can't be reasoned with. He seems to just not like the concept of making money without scrounging. Fair point sure, but his other lore reasoning is garbage.", 'ky7dix'], ['u/darkhunter225', 10, '2021-01-16 04:24', 'https://www.reddit.com/r/EscapefromTarkov/comments/ky7dix/bitcoin_farm_time_calculator/gjf1i05/', 'Tarkov DOES have internet though. You’ve gotta get past the interference “the entire point of some of mechanics quests”', 'ky7dix']]], ['u/mooreaa-revo', 'Why 21% is actually only 4.68%', 30, '2021-01-16 01:05', 'https://www.reddit.com/r/mtgoxinsolvency/comments/ky7exa/why_21_is_actually_only_468/', "Let's be honest here, no one is getting 21% back. The OZ calculator last showed around 14.9% baed on the book numbers, and is probably accurate, if we lived in a fair world. \n\nSo whats the 21%? The 21% is an offer to shut you up and get you out of the way while things get worked out. It's actually a good deal for many with fiat only or small claims as in many respects, you get settled at or near the full amount you would have gotten back due to the small sum payment. \n\nBut let's look at the numbers a little closer for those that have BTC.\n\nPer the [/u/jangrewe](https://www.reddit.com/u/jangrewe/), who referred us to footnote n°4 of the doc: BTC rate 749,313.83 yen + BCH rate 97,481.19 = 846,795.02 JPY or about 8170 USD. If we use the 21% early/fast settlement that works out to be: \n\n1BTC = 8170\\*0.21 = $1715\n\nThe numbers on OZ (again, which are a best guess estimate derived from the published financials), show (using todays BTC/BCH value or 36613.36 and 480 respectively) of $5,966.92. \n\nThis means that for your 1 BTC which would have been worth 36613.36 you are getting 1715 under the 21% plan or \\~ 4.68%\n\nThis number is actually lower than the offers from Fortress, meaning more may be incentivized to take the Fortress offer, thus giving them more voting rights to control this process.\n\nJust my 2 cents and stirring the pot. I think there is a lot to think about in the wake of these other parties dipping their hands into our business.", 'https://www.reddit.com/r/mtgoxinsolvency/comments/ky7exa/why_21_is_actually_only_468/', 'ky7exa', [['u/nighcry', 11, '2021-01-16 02:48', 'https://www.reddit.com/r/mtgoxinsolvency/comments/ky7exa/why_21_is_actually_only_468/gjer8m9/', 'Yes that\'s why the draf for rehabiliation sucks and no one with 2 brain cells (unless super desparate for $) will ever go for that "early payment". People here don\'t wana be screwed by another set of assholes, so I think most will just wait to get their BTC back .', 'ky7exa'], ['u/thondera', 11, '2021-01-16 16:10', 'https://www.reddit.com/r/mtgoxinsolvency/comments/ky7exa/why_21_is_actually_only_468/gjgs3h9/', 'This is wrong.\n\nIf you request BTC/BCH payment, it will be made in a mix of crypto and fiat, and the proportion will be determined by the Trustee. For example, 90% in crypto, 10% in Fiat - and the same proportion applies to both Early and Final payments. The amount of bitcoin to be paid out will be calculated using the same legacy reference exchange rate, so the price of bitcoin over time will not affect the payout.\n\nThe 21% payout should be calculated like this, for a 100 BTC claim, assuming 90% of your claim can be paid in crypto (50% BTC, 50% BCH):\n\n21% \\* 100 \\* 846795.02 = 17782695.4\n\n90% \\* 17782695.4 = 16004425.9\n\n50% \\* 16004425.9 = 8002212.95\n\nYou receive:\n\n8002212.95 / 749313.83 = 10.6793878 (BTC)\n\n8002212.95 / 97481.19 = 82.089816 (BCH)\n\n10% \\* 17782695.4 = 1778269.54 (JPY) \n\nBased on current rates (BTC/USD 37,000 ; BCH/USD 500 ; JPY/USD 0,0096)\n\n10.6793878 \\* 37000 = 395137.349 (USD)\n\n82.089816 \\* 500 = 41044.908 (USD)\n\n1778269.54 \\* 0.0096 = 17071.3876 (USD)\n\nTotal received: USD 453,253.65 \n\nTotal claimed (100 BTC): USD 3,700,000\n\n% recovered: 12,25%\n\n&#x200B;\n\nTo calculate % recovered using the Final Payment, you can repeat the same process using 26,9% instead of 21%. \n\nWhy 26,9% - fiat claims are paid upfront in full. Final rate is basically the amount of leftover crypto and fiat assets divided by all crypto claims. \n\nWhy 90% payout in crypto - this is the proportion of crypto value to the entire balance sheet after fiat claims have been paid in full, using legacy BTC/BCH rates.', 'ky7exa']]], ['u/wingsofthygiant', 'Monero has won a special place in my heart (and my portfolio)', 259, '2021-01-16 01:06', 'https://www.reddit.com/r/Monero/comments/ky7fuu/monero_has_won_a_special_place_in_my_heart_and_my/', 'I never had the desire to own private coins, until one day I was paying for a service with Bitcoin, and the guy straight up told me to “donate” to him because I had “plenty of Bitcoin to share” it got to the point where I had to block him and never ever do any other transaction with the company.\n\nThis made me realize that literally anyone can just poke into my account and following the transaction trail. They can more or l...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
35791.28, 36630.07, 36069.80, 35547.75, 30825.70, 33005.76, 32067.64, 32289.38, 32366.39, 32569.85
|
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Bitcoin , BTC to USD, fell by 1.91% on Saturday. Following on from a 6.15% slide on Friday, Bitcoin ended the day at $36,041.0. It was a mixed start to the day. Bitcoin fell to an early morning low $35,551.0 before making a move. Steering clear of the major support levels, Bitcoin rose to a late morning intraday high $37,997.0. Falling short of the first major resistance level at $39,461, Bitcoin slid to a late intraday low $35,418.0. Steering clear of the first major support level at $34,260, Bitcoin moved back through to $36,000 levels to reduce the deficit on the day. The near-term bullish trend remained intact, in spite of the latest reversal. For the bears, Bitcoin would need to slide through the 62% FIB of $18,504 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was another mixed day on Saturday. Polkadot surged by 39.53% to lead the way. Cardano’s ADA (+16.05%) and Crypto.com Coin (+15.91%) also found strong support. Binance Coin (+5.28%) and Ethereum (+4.97%) trailed the front runners. It was a bearish day for the rest of the pack. Chainlink slid by -3.24% to lead the way down. Bitcoin Cash SV (-0.21%), Litecoin (-0.17%), and Ripple’s XRP (-0.36%) saw modest losses on the day. In the current week, the crypto total market cap fell to a Monday low $804.97bn before rising to a Thursday high $1,083.27bn. At the time of writing, the total market cap stood at $1,004.03bn. Bitcoin’s dominance rose to a Thursday high 70.28% before falling to a Saturday low 66.73%. At the time of writing, Bitcoin’s dominance stood at 67.26%. This Morning At the time of writing, Bitcoin was up by 0.47% to $36,211.0. A mixed start to the day saw Bitcoin fall to an early morning low $35,565.0 before striking a high $36,348.0. Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was a mixed start to the day. Bitcoin Cash SV (-2.05%), Crypto.com Coin (+2.27%), Ethereum (-0.19%), and Polkadot (-0.52%) struggled early on. Story continues It was a bullish start for the rest of the majors, however. At the time of writing, Cardano’s ADA was up by 2.87% to lead the way, with Binance Coin up by 2.22%. For the Bitcoin Day Ahead Bitcoin would need to move through the pivot level at $36,485 to bring the first major resistance level at $37,553 into play. Support from the broader market would be needed for Bitcoin to break back through to $37,000 levels. Barring an extended crypto rally, first major resistance level and Saturday’s high $37,997.0 would likely cap any upside. In the event of an extended crypto rally, Bitcoin could test resistance at $40,000 before any pullback. The second major resistance level sits at $39,064. Failure to move through the $36,485 pivot would bring the first major support level at $34,974 into play. Barring an extended crypto sell-off, Bitcoin should continue to steer clear of the second major support level at $33,906 and the 23.6% FIB of $33,008. This article was originally posted on FX Empire More From FXEMPIRE: US Stock Market Overview – Stocks Close Lower; Led Down by Energy; Retail Sales Disappoints The Crypto Daily – Movers and Shakers – January 16th, 2021 S&P 500 Weekly Price Forecast – Stock Markets Pull Back From Highs Crude Oil Weekly Price Forecast – Crude Oil Shows Signs of Exhaustion The Weekly Wrap – COVID-19, Economic Data, and U.S Stimulus Weigh on Riskier Assets The Week Ahead – U.S Politics, Monetary Policy, Economic Data, and COVID-19 in Focus', 'Bitcoin, BTC to USD, fell by 1.91% on Saturday. Following on from a 6.15% slide on Friday, Bitcoin ended the day at $36,041.0.\nIt was a mixed start to the day. Bitcoin fell to an early morning low $35,551.0 before making a move.\nSteering clear of the major support levels, Bitcoin rose to a late morning intraday high $37,997.0.\nFalling short of the first major resistance level at $39,461, Bitcoin slid to a late intraday low $35,418.0.\nSteering clear of the first major support level at $34,260, Bitcoin moved back through to $36,000 levels to reduce the deficit on the day.\nThe near-term bullish trend remained intact, in spite of the latest reversal. For the bears, Bitcoin would need to slide through the 62% FIB of $18,504 to form a near-term bearish trend.\nAcross the rest of the majors, it was another mixed day on Saturday.\nPolkadot surged by 39.53% to lead the way.\nCardano’s ADA(+16.05%) andCrypto.com Coin(+15.91%) also found strong support.\nBinance Coin(+5.28%) andEthereum(+4.97%) trailed the front runners.\nIt was a bearish day for the rest of the pack.\nChainlinkslid by -3.24% to lead the way down.\nBitcoin Cash SV(-0.21%),Litecoin(-0.17%), andRipple’s XRP(-0.36%) saw modest losses on the day.\nIn the current week, the crypto total market cap fell to a Monday low $804.97bn before rising to a Thursday high $1,083.27bn. At the time of writing, the total market cap stood at $1,004.03bn.\nBitcoin’s dominance rose to a Thursday high 70.28% before falling to a Saturday low 66.73%. At the time of writing, Bitcoin’s dominance stood at 67.26%.\nAt the time of writing, Bitcoin was up by 0.47% to $36,211.0. A mixed start to the day saw Bitcoin fall to an early morning low $35,565.0 before striking a high $36,348.0.\nBitcoin left the major support and resistance levels untested early on.\nElsewhere, it was a mixed start to the day.\nBitcoin Cash SV (-2.05%), Crypto.com Coin (+2.27%), Ethereum (-0.19%), and Polkadot (-0.52%) struggled early on.\nIt was a bullish start for the rest of the majors, however.\nAt the time of writing, Cardano’s ADA was up by 2.87% to lead the way, with Binance Coin up by 2.22%.\nBitcoin would need to move through the pivot level at $36,485 to bring the first major resistance level at $37,553 into play.\nSupport from the broader market would be needed for Bitcoin to break back through to $37,000 levels.\nBarring an extended crypto rally, first major resistance level and Saturday’s high $37,997.0 would likely cap any upside.\nIn the event of an extended crypto rally, Bitcoin could test resistance at $40,000 before any pullback. The second major resistance level sits at $39,064.\nFailure to move through the $36,485 pivot would bring the first major support level at $34,974 into play.\nBarring an extended crypto sell-off, Bitcoin should continue to steer clear of the second major support level at $33,906 and the 23.6% FIB of $33,008.\nThisarticlewas originally posted on FX Empire\n• US Stock Market Overview – Stocks Close Lower; Led Down by Energy; Retail Sales Disappoints\n• The Crypto Daily – Movers and Shakers – January 16th, 2021\n• S&P 500 Weekly Price Forecast – Stock Markets Pull Back From Highs\n• Crude Oil Weekly Price Forecast – Crude Oil Shows Signs of Exhaustion\n• The Weekly Wrap – COVID-19, Economic Data, and U.S Stimulus Weigh on Riskier Assets\n• The Week Ahead – U.S Politics, Monetary Policy, Economic Data, and COVID-19 in Focus', "Fintech has been a venture capital hotspot ever since the global financial crisis, a calamity that exposed some serious flaws in an industry long dominated by an upper-crust of traditional names.In the ensuing years, a host of new companies pitching upstart technologies have begun to gain ground on the establishment, winning over converts among both users and investors. And this week made it clear just how far some of those companies have come.An eye-popping IPO from Affirm led the way, but more than a half-dozen other fintech startups also made major news. And that's one of 10 things you need to know from the past week:Max Levchin, who co-founded PayPal and now leads Affirm, is no stranger to the power of fintech. (Neilson Barnard/Getty Images)1. Money talks Affirm tried its best to avoid a huge IPO pop that would leave money on the table. First, the provider of point-of-sale loans delayed its listing in December, in the wake of intense investor demand when Airbnb and DoorDash went public. (Let's take a moment to appreciate the strangeness of a company being worried its stock might be too popular.) Then, earlier this month, Affirm increased its IPO's initial price range of $33 to $38 per share to a new range of $41 to $44. Ultimately, it priced its shares even higher, landing on a $49 figure for a debut this Wednesday.And yet Affirm still opened trading at more than $90 per share and closed its first day at $96.36, up nearly 100% from that already-elevated IPO price. That resulted in a market cap of some $23 billion for Affirm, which was valued privately at $2.9 billion in 2019.The banner debut is a sign that the IPO market is still going crazy—more on that later in this newsletter. As my colleague James Thorne writes, it could be the first ofmany significant fintech IPOs to comein 2021, along with names like SoFi, Coinbase and Robinhood. Globally, there were $30.9 billion worth of VC exits in the fintech sector during 2020, according to PitchBook data, the highest total of at least the past decade.Taken in the context of the past seven days, Affirm's warm reception also underlines just how bullish investors are feeling about the future of fintech.Checkout.com, a London-based developer of payments technology, became the most valuable venture-backed company in Europe this week with a $450 million Series C that cameat a $15 billion valuation. In Singapore, ridehailing and food delivery giant Grab raised more than $300 million this week for its fintech unit.Financial data specialist MX, payments provider Rapyd and digital lending startup Blend all raised nine-figure fundings this week, resulting in respective valuations of $1.9 billion, $2.5 billion and $3.3 billion. For MX, that marks a 322% valuation step-up over its most-recent venture round, in 2019. For Rapyd, it is a 108% step-up in a little more than a year. And for Blend, it represents a 94% valuation increase in a mere five months.Plaid is one of the biggest VC-backed names in fintech, known for its financial infrastructure tools that connect data to vario
**Last 60 Days of Bitcoin's Closing Prices:**
[17804.01, 17817.09, 18621.31, 18642.23, 18370.00, 18364.12, 19107.46, 18732.12, 17150.62, 17108.40, 17717.41, 18177.48, 19625.84, 18803.00, 19201.09, 19445.40, 18699.77, 19154.23, 19345.12, 19191.63, 18321.14, 18553.92, 18264.99, 18058.90, 18803.66, 19142.38, 19246.64, 19417.08, 21310.60, 22805.16, 23137.96, 23869.83, 23477.29, 22803.08, 23783.03, 23241.35, 23735.95, 24664.79, 26437.04, 26272.29, 27084.81, 27362.44, 28840.95, 29001.72, 29374.15, 32127.27, 32782.02, 31971.91, 33992.43, 36824.36, 39371.04, 40797.61, 40254.55, 38356.44, 35566.66, 33922.96, 37316.36, 39187.33, 36825.37, 36178.14]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2021-01-17
**Financial & Commodity Data:**
- Gold Closing Price: $1829.30
- Crude Oil Closing Price: $52.36
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $678,349,691,659
- Hash Rate: 136245242.59745187
- Transaction Count: 271874.0
- Unique Addresses: 642730.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.79
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: The day after the U.K.-based EXMO crypto exchange was hacked last month, reportedlylosing 6%of its crypto assets, the team got a call from the U.K.’s Financial Conduct Authority (FCA).
The FCA recently put the exchange on the list for temporary registration and wanted to know what EXMO, an exchange with $117 million in daily volume, according toCoinGecko, was going to do to prevent such incidents in the future, the exchange’s COO Sergey Zhdanov told CoinDesk, providing rare details about how exchanges address regulatory requirements in the U.K.
The country has been a jurisdiction of choice for many crypto startups. “The U.K. has always been a strong hub for financial companies, whether they are crypto or not. The regulatory framework, unlike other countries, for crypto has gradually started to become clearer and I feel this clarity is what companies are really searching for,” Iqbal V. Gandham, former managing director of eToro in London, told CoinDesk.
Related:UK Exchange CoinCorner Adds Bitcoin Lightning Network Support
Last year, the country got serious about taking control of the crypto industry. This past summer, the FCA told cryptocurrency service providersthey needed to registerto keep operating in the U.K..
Since then, multiple applications have flowed in, prompting the agency to introduce atemporary registration regimefor the companies it wouldn’t be able to vet before the Dec. 16, 2020, deadline. So far, only four companies have obtained the full registration, including the Winklevoss brothers’ Gemini exchange.
Thelist of 95 companiesthat received temporary authorization includes exchanges Bitstamp, Coinfloor and eToro, and infrastructure players Fidelity Digital Assets, Galaxy Digital, among others. EXMO, a smaller crypto exchange with a largely Russian and Ukrainian team, was on the list, too.
Instead of waiting around for cats to herd themselves, the FCA reached out to the companies, which is why last January the agency contacted EXMO to remind the exchange that new regulations were coming, Zhdanov said.
Related:Kraken Users Are Staking More Than $1B in Crypto
“They said: ‘We’re monitoring all the crypto exchanges and wanted to make sure you know that you should be doing user verification. I was surprised that they contacted exchanges themselves,” he added.
EXMO was launched in 2014 by a team of Russian crypto enthusiasts headed by then-real estate developer Ivan Petukhovsky. “If I knew back then how challenging it [the business] would be, I probably wouldn’t even have started it,” he told CoinDesk over a call.
Even though the team initially was located in Thailand, where Petuknovsky’s real estate business was located, EXMO chose to register its headquarters in the U.K.
“Back then, nobody understood if a legal entity [for a crypto business] was needed and if it was important at all,” Zhdanov said. “But after mid-2017, after the [initial coin offerings], all the banks turned away from crypto and we realized that a legal entity was very important.”
Getting a bank account is a problem for the crypto industry; even now, only a handful of banks are serving crypto businesses, Zhdanov said. It didn’t matter that much at the dawn of the crypto industry, in 2016 and earlier, he added. Back then, partnering with payment processors was enough to provide small crypto purchases, while for large amounts of crypto people would often just pay the over-the-counter brokers with cash.
But as crypto got more attention, the need for a bank account became more urgent.
Things got slightly better over time, but not a whole lot. “In 2018, we got a lot of rejections from banks,” Zhdanov said. “Back then, 90% of banks would refuse to work with crypto. Now, it’s probably 80%.”
The other 20% or so apply strict compliance rules, he added. In Europe, as the industry is getting more regulated it’s getting a bit easier.
But even having a legal entity does not guarantee a bank would serve you, Zhdanov said. At first, EXMO got an Estonian license – one of the first registration formats for crypto businesses in the world. But that did not open the doors of banks for EXMO, Zhdanov said. Only in early 2020 did the exchange get an account with Lichtenstein’s Friсk Bank.
Since last year, stricter anti-money laundering (AML) rules, under the so-calledAML5 directive, came into force across Europe. EXMO introduced obligatory authentication for users. Users did not like it, Zhdanov said: About 10% of EXMO’s clients left immediately. “Someone just didn’t want to get verified, someone tried, got an error and didn’t want to try again,” Zhdanov said.
However, all the big traders stayed on the platform because they had already been verified, he noted. Verification gives more control, so if an account gets compromised a verified user can ask the exchange to stop a withdrawal transaction by proving an intruder is trying to get money out.
Now, with the registration and more regulatory requirements, the compliance team of EXMO was nearly doubled, to 26 people. Overall income fell 10%, Zhdanov said, both because of the users’ outflow and the new costs of more compliance officers, new software for transaction-tracing and keeping up with sanction lists.
EXMO is relying on the outsourced contractors located in Russia and Ukraine for tech support. FCA appeared to be interested in why the workforce is located in these “high-risk” countries, Zhdanov said. The explanation that it’s more “cost efficient” worked, he added.
To users in such countries, the exchange is applying an “enhanced due diligence,” Zhdanov said. EXMO is especially popular among Russian-speaking traders, and the majority of users come from Russia, Ukraine and Belarus.
However, the FCA only wanted to know how many U.K. users EXMO serves. Britain is the fourth-largest jurisdiction for EXMO in terms of users, Zhdanov said, with 500 monthly active users. “I think [FCA] needed to make sure you are working with the U.K. market at all, so they don’t have to regulate companies that aren’t even doing business here,” Petukhovsky said.
Another question was how many people are using EXMO, but there is a catch: How do you define a “user”? Someone who registered on a platform? Someone who has a deposit in an account? Someone who did at least one trade? These can be different numbers, the EXMO team said. They ended up counting how many users made at least one trade over the past year, Zhdanov said. That turned out to be 400,000 users.
The FCA asked how many of those were verified, and why not all. The team explained that some people had been trading but didn’t try to withdraw money from their accounts, so for the time being there was no risk associated with such users and no need to verify them. The FCA seemed to accept the logic because it hasn’t asked about this anymore, Zhdanov said. The agency also requested a sample of cases for users blocked for AML reasons, with the detailed reports.
Overall, despite the burden of the new regulation, FCA’s approach seems reasonable so far, Zhdanov said: “Their job is to protect users. That’s what is shaping their interaction with us.”
• What Does It Cost to Become an FCA-Approved Exchange? EXMO Execs Explain
• What Does It Cost to Become an FCA-Approved Exchange? EXMO Execs Explain...
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
36630.07, 36069.80, 35547.75, 30825.70, 33005.76, 32067.64, 32289.38, 32366.39, 32569.85, 30432.55
|
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Bitcoin, BTC to USD, slipped by 0.38% on Sunday. Following on from a 1.91% fall on Saturday, Bitcoin ended the week down by 6.02% to $35,900.0.\nIt was a mixed start to the day. Bitcoin rose to an early morning intraday high $36,928.0 before hitting reverse.\nFalling short of the first major resistance level at $37,553, Bitcoin slid to a late morning intraday low $33,868.0.\nBitcoin fell through the first major support level at $34,974 and the second major support level at $33,906.\nSteering clear of the 23.6% FIB of $33,008, Bitcoin revisited $36,900 levels before falling back to sub-$36,000 levels.\nThe near-term bullish trend remained intact, in spite of the latest reversal. For the bears, Bitcoin would need to slide through the 62% FIB of $18,504 to form a near-term bearish trend.\nAcross the rest of the majors, it was another mixed day on Sunday.\nChainlinkjumped by 15.8% to lead the way, withBinance CoinandCardano’s ADArallying by 6.38% and by 8.64% respectively.Ethereumalso avoided the red, rising by a modest 0.43%.\nIt was a bearish day for the rest of the pack.\nBitcoin Cash SVand Polkadot led the way down, with losses of 3.42% and 4.67% respectively.\nCrypto.com Coin(-0.63%),Litecoin(-0.54%), andRipple’s XRP(-0.68%) saw modest losses on the day.\nFor the week ending 17thJanuary, it was also a mixed bag for the majors.\nPolkadot surged by 95.6% to lead the way, with Chainlink jumping by 46.2%.\nCardano’s ADA also found strong support, rallying by 26.3%, with Binance Coin rising by 7.99%.\nIt was a bearish week for the rest of the pack, however.\nBitcoin Cash SV slid by 21.9% to lead the way down.\nLitecoin and Ripple’s XRP also struggled, sliding by 16.1% and by 12.0% respectively.\nCrypto.com Coin and Ethereum saw relatively modest losses of 2.7% and 1.8% respectively.\nIn the week, the crypto total market cap fell to a Monday low $803.97bn before rising to a Thursday high $1,083.27bn. At the time of writing, the total market cap stood at $1,002.00bn.\nBitcoin’s dominance rose to a Thursday high 70.28% before falling to a Sunday low 66.33%. At the time of writing, Bitcoin’s dominance stood at 66.68%.\nAt the time of writing, Bitcoin was up by 0.33% to $36,018.0. A mixed start to the day saw Bitcoin fall to an early morning low $35,630.0 before striking a high $36,071.0.\nBitcoin left the major support and resistance levels untested early on.\nElsewhere, it was a mixed start to the day.\nBitcoin Cash SV (-0.28%), Chainlink (-0.21%), and Ripple’s XRP (-0.03%) saw red early on.\nIt was a bullish start for the rest of the majors, however.\nAt the time of writing, Cardano’s ADA was up by 3.08% to lead the way, with Binance Coin up by 2.07%.\nBitcoin would need to avoid a fall through the pivot level at $35,565 to bring the first major resistance level at $37,263 into play.\nSupport from the broader market would be needed for Bitcoin to break back through to $37,000 levels.\nBarring an extended crypto rally, first major resistance level and resistance at $37,500 would likely cap any upside.\nIn the event of an extended crypto rally, Bitcoin could test resistance at $40,000 before any pullback. The second major resistance level sits at $38,625.\nFailure to avoid a fall through the $35,565 pivot would bring the first major support level at $34,203 into play.\nBarring another extended crypto sell-off, Bitcoin should steer clear of the second major support level at $32,505. The 23.6% FIB of $33,008 should limit any downside.\nThisarticlewas originally posted on FX Empire\n• COVID-19 Vaccine Update – Brazil and India Look to Ramp up Vaccinations\n• E-mini Dow Jones Industrial Average (YM) Futures Technical Analysis – Potential for Steep Break Under 30233\n• The Crypto Daily – Movers and Shakers – January 18th, 2021\n• Darkest Before Dawn\n• Gold Sheared, Silver Smeared\n• U.S. Dollar Index (DX) Futures Technical Analysis – Buyers Facing Major Resistance at 90.950 to 91.370', 'Bitcoin , BTC to USD, slipped by 0.38% on Sunday. Following on from a 1.91% fall on Saturday, Bitcoin ended the week down by 6.02% to $35,900.0. It was a mixed start to the day. Bitcoin rose to an early morning intraday high $36,928.0 before hitting reverse. Falling short of the first major resistance level at $37,553, Bitcoin slid to a late morning intraday low $33,868.0. Bitcoin fell through the first major support level at $34,974 and the second major support level at $33,906. Steering clear of the 23.6% FIB of $33,008, Bitcoin revisited $36,900 levels before falling back to sub-$36,000 levels. The near-term bullish trend remained intact, in spite of the latest reversal. For the bears, Bitcoin would need to slide through the 62% FIB of $18,504 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was another mixed day on Sunday. Chainlink jumped by 15.8% to lead the way, with Binance Coin and Cardano’s ADA rallying by 6.38% and by 8.64% respectively. Ethereum also avoided the red, rising by a modest 0.43%. It was a bearish day for the rest of the pack. Bitcoin Cash SV and Polkadot led the way down, with losses of 3.42% and 4.67% respectively. Crypto.com Coin (-0.63%), Litecoin (-0.54%), and Ripple’s XRP (-0.68%) saw modest losses on the day. For the week ending 17 th January, it was also a mixed bag for the majors. Polkadot surged by 95.6% to lead the way, with Chainlink jumping by 46.2%. Cardano’s ADA also found strong support, rallying by 26.3%, with Binance Coin rising by 7.99%. It was a bearish week for the rest of the pack, however. Bitcoin Cash SV slid by 21.9% to lead the way down. Litecoin and Ripple’s XRP also struggled, sliding by 16.1% and by 12.0% respectively. Crypto.com Coin and Ethereum saw relatively modest losses of 2.7% and 1.8% respectively. In the week, the crypto total market cap fell to a Monday low $803.97bn before rising to a Thursday high $1,083.27bn. At the time of writing, the total market cap stood at $1,002.00bn. Story continues Bitcoin’s dominance rose to a Thursday high 70.28% before falling to a Sunday low 66.33%. At the time of writing, Bitcoin’s dominance stood at 66.68%. This Morning At the time of writing, Bitcoin was up by 0.33% to $36,018.0. A mixed start to the day saw Bitcoin fall to an early morning low $35,630.0 before striking a high $36,071.0. Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was a mixed start to the day. Bitcoin Cash SV (-0.28%), Chainlink (-0.21%), and Ripple’s XRP (-0.03%) saw red early on. It was a bullish start for the rest of the majors, however. At the time of writing, Cardano’s ADA was up by 3.08% to lead the way, with Binance Coin up by 2.07%. For the Bitcoin Day Ahead Bitcoin would need to avoid a fall through the pivot level at $35,565 to bring the first major resistance level at $37,263 into play. Support from the broader market would be needed for Bitcoin to break back through to $37,000 levels. Barring an extended crypto rally, first major resistance level and resistance at $37,500 would likely cap any upside. In the event of an extended crypto rally, Bitcoin could test resistance at $40,000 before any pullback. The second major resistance level sits at $38,625. Failure to avoid a fall through the $35,565 pivot would bring the first major support level at $34,203 into play. Barring another extended crypto sell-off, Bitcoin should steer clear of the second major support level at $32,505. The 23.6% FIB of $33,008 should limit any downside. This article was originally posted on FX Empire More From FXEMPIRE: COVID-19 Vaccine Update – Brazil and India Look to Ramp up Vaccinations E-mini Dow Jones Industrial Average (YM) Futures Technical Analysis – Potential for Steep Break Under 30233 The Crypto Daily – Movers and Shakers – January 18th, 2021 Darkest Before Dawn Gold Sheared, Silver Smeared U.S. Dollar Index (DX) Futures Technical Analysis – Buyers Facing Major Resistance at 90.950 to 91.370', 'Bitcoin, BTC to USD, fell by 6.02% in the week ending 17thJanuary. Partially reversing a 15.8% rally from the previous week, Bitcoin ended the week at $35,900.0.\nA bearish start to the week saw Bitcoin tumble to a Monday intraweek low $30,635.0 before finding support.\nBitcoin fell through the 23.6% FIB of $33,008 to come within range of the first major support level at $30,504.\nAfter another bearish day on Tuesday, Bitcoin rallied to a Wednesday intraweek high $40,001.0 before hitting reverse.\nWhile falling well short of the first major resistance level at $43,933, Bitcoin broke back through the 23.6% FIB of $33,008.\nA bearish end to the week, however, saw Bitcoin revisit sub-$34,000 levels before wrapping up the week at $35,900 levels.\n5 days in the red that included an 7.31% tumble on Monday and a 6.12% slide on Friday delivered the downside.\nBitcoin would need to avoid a fall through $35,512 pivot to support a run the first major resistance level at $40,389.\nSupport from the broader market would be needed for Bitcoin to break back through to $40,000 levels.\nBarring an extended crypto rally, resistance at last week’s high $40,001 would likely cap any upside.\nIn the event of an extended breakout, Bitcoin could test resistance at $45,000 before any pullback. The second major resistance level sits at $44,878.\nFailure to avoid a fall through the $35,512 pivot would bring the 23.6% FIB of $33,008 and the first major support level at $31,023 into play.\nBarring an extended sell-off, however, Bitcoin should steer clear of sub-$30,000 support levels and the 38.2% FIB of $27,465. The second major support level sits at $26,146.\nAt the time of writing, Bitcoin was up by 0.28% to $35,999.0. A mixed start to the week saw Bitcoin fall to an early Monday morning low $35,630.0 before rising to a high $36,244.0.\nBitcoin left the major support and resistance levels untested at the start of the week.\nChainlinksurged by 43.53% in the week ending 17thJanuary. Following on from an 18.11% gain from the week pr
**Last 60 Days of Bitcoin's Closing Prices:**
[17817.09, 18621.31, 18642.23, 18370.00, 18364.12, 19107.46, 18732.12, 17150.62, 17108.40, 17717.41, 18177.48, 19625.84, 18803.00, 19201.09, 19445.40, 18699.77, 19154.23, 19345.12, 19191.63, 18321.14, 18553.92, 18264.99, 18058.90, 18803.66, 19142.38, 19246.64, 19417.08, 21310.60, 22805.16, 23137.96, 23869.83, 23477.29, 22803.08, 23783.03, 23241.35, 23735.95, 24664.79, 26437.04, 26272.29, 27084.81, 27362.44, 28840.95, 29001.72, 29374.15, 32127.27, 32782.02, 31971.91, 33992.43, 36824.36, 39371.04, 40797.61, 40254.55, 38356.44, 35566.66, 33922.96, 37316.36, 39187.33, 36825.37, 36178.14, 35791.28]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2021-01-18
**Financial & Commodity Data:**
- Gold Closing Price: $1829.30
- Crude Oil Closing Price: $52.36
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $678,349,691,659
- Hash Rate: 148538046.440831
- Transaction Count: 313816.0
- Unique Addresses: 720228.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.79
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: After reaching a previous all-time highon November 30th, 2020and December 1st, 2020, bitcoin is now trading well above $20,000 and has surpassed its previous peak price.
Bitcoin’svalue has rapidly increased over the past two months. According toCoinMarketCap, you could buy one bitcoin for $11,500 on October 16th.
As I’m writing this post, you can buy one bitcoin for $20,775.72 — it represents a 7.27% increase compared to yesterday’s price. It is now priced well over $20,000 on all major exchanges.
You might remember the bitcoin frenzy from 2017. At the time, Bitcoin nearly reached $20,000 and crashed shortly after. As always, the fact that bitcoin has been going up doesn’t mean that it’ll go up in the future.
This time, the rally seems a bit different, as there’s not as much hype around bitcoin. As we’re entering a long economic crisis, some institutional investors are looking for alternative assets — and bitcoin is one of them. Some people could choose to hold their crypto assets for a longer time.
Still, there are a lot of new bitcoin investors who purchased just a fraction of a bitcoin on consumer fintech apps, such as Square’s Cash App, Robinhood and Revolut. Let’s see how the market evolves in the coming months.
Image Credits:CoinMarketCap...
- Reddit Posts (Sample): [['u/covalent5', 'Bitcoin Core 0.21.0 Tor V3', 23, '2021-01-18 00:12', 'https://www.reddit.com/r/Bitcoin/comments/kzhhgk/bitcoin_core_0210_tor_v3/', 'After upgrading to 0.21.0 my node cannot establish any inbound connections. I am running behind Tor as before. The only difference is that the address broadcasted is V3. \n\nI know that there is no backwards compatibility when it comes to address recognition but I can’t believe I am the only one running Tor V3. \n\nDoes anyone experience the same issue? It’s been more then 24 hours of uptime.', 'https://www.reddit.com/r/Bitcoin/comments/kzhhgk/bitcoin_core_0210_tor_v3/', 'kzhhgk', [['u/nullc', 13, '2021-01-18 00:28', 'https://www.reddit.com/r/Bitcoin/comments/kzhhgk/bitcoin_core_0210_tor_v3/gjnviv2/', "There just aren't that many v3 using nodes yet. The ones that exist are also happily connected to other people at this time. Tor v3 addr announcements are also only forwarded by 0.21 nodes, so it can take a while for knowledge of your node to propagate, manually addnoding a v3 peer can help speed that up.\n\nI would have been nice for this to get rolled out a little slower (e.g. by enabling address relay a release ahead of using it), unfortunately tor will be totally dropping v2 support a few months from now.", 'kzhhgk']]], ['u/haddock420', 'If bitcoin ever hits $2 million, the richest bitcoin wallet owners would start entering the Forbes Richest 100 list.', 130, '2021-01-18 00:22', 'https://www.reddit.com/r/Bitcoin/comments/kzhnz7/if_bitcoin_ever_hits_2_million_the_richest/', "There are over 100 wallets with over 10,000 BTC ([source](https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html)). If the bitcoin price were to reach $2 million, each of those wallets would hold over $20 billion worth of bitcoin.\n\nAccording to the Forbes Richest 100 list, the 100th richest person in the list is worth $18.6 billion ([source](https://www.forbes.com/real-time-billionaires/#1eecd0e23d78)).\n\nAssuming some of those top 100 wallets belong to individuals who still have access to their coins, if bitcoin were to hit a price of $2 million, those individuals would be rich enough to be on the Forbes 100 list, just from their bitcoin holdings alone.\n\nJust a thought I had, thought I'd share.", 'https://www.reddit.com/r/Bitcoin/comments/kzhnz7/if_bitcoin_ever_hits_2_million_the_richest/', 'kzhnz7', [['u/dknisle1', 56, '2021-01-18 00:29', 'https://www.reddit.com/r/Bitcoin/comments/kzhnz7/if_bitcoin_ever_hits_2_million_the_richest/gjnvpin/', 'If btc ever hits 2 million, it’s gonna make tooooons of people millionaires', 'kzhnz7'], ['u/nullc', 75, '2021-01-18 00:36', 'https://www.reddit.com/r/Bitcoin/comments/kzhnz7/if_bitcoin_ever_hits_2_million_the_richest/gjnwffk/', 'Most of those single large "wallets" are exchanges not persons. But addresses aren\'t wallets. Most individual users have their funds spread across many addresses, because thats how Bitcoin works.', 'kzhnz7'], ['u/ActPrestigious4818', 99, '2021-01-18 01:05', 'https://www.reddit.com/r/Bitcoin/comments/kzhnz7/if_bitcoin_ever_hits_2_million_the_richest/gjnzu9u/', 'If bitcoin hits 2 million by 2030 i will eat my own dick and post it on here.', 'kzhnz7'], ['u/GhostMadara', 13, '2021-01-18 01:16', 'https://www.reddit.com/r/Bitcoin/comments/kzhnz7/if_bitcoin_ever_hits_2_million_the_richest/gjo11rj/', 'In 5 years. Id like for it to happen tomorrow so i dont need to work.', 'kzhnz7'], ['u/Syncopat3d', 10, '2021-01-18 01:30', 'https://www.reddit.com/r/Bitcoin/comments/kzhnz7/if_bitcoin_ever_hits_2_million_the_richest/gjo2m5y/', 'Some of these wallets are owned by organizations, not people. Even if there are people owning these wallets, many of them may not even want to be recognized in Forbes for owning a lot of bitcoin and Forbes (the organization) may have a hard time tracking them down. Being on Forbes for BTC wealth is like having a huge red target on your back. People who get wealthy doing public things (e.g. owning big companies) have no choice. People who get wealthy from HODLing have a choice.', 'kzhnz7'], ['u/safehodl', 15, '2021-01-18 01:55', 'https://www.reddit.com/r/Bitcoin/comments/kzhnz7/if_bitcoin_ever_hits_2_million_the_richest/gjo5je6/', "If bitcoin hits $2M, it's likely people have fled currencies and bonds and bid up assets, making the Forbes Richest richer.", 'kzhnz7'], ['u/ElephantGlue', 25, '2021-01-18 02:08', 'https://www.reddit.com/r/Bitcoin/comments/kzhnz7/if_bitcoin_ever_hits_2_million_the_richest/gjo70mr/', 'You’d think so, but you’re overestimating a bit IMO.\n\nIt’s likely there would be less than 7 or 8 million people in the world controlling more than .5 bitcoin based on the Pareto distribution of wealth.\n\nWhen that happens in 5-10 years, 1 million in usd will likely be much less impressive than it seems it is today.', 'kzhnz7'], ['u/wwmore11', 12, '2021-01-18 02:08', 'https://www.reddit.com/r/Bitcoin/comments/kzhnz7/if_bitcoin_ever_hits_2_million_the_richest/gjo70ym/', 'If bitcoin ever hits 2 million you’ll be living in a mad max reality with a failed global economy. Fun times!', 'kzhnz7'], ['u/Modrew', 38, '2021-01-18 02:09', 'https://www.reddit.com/r/Bitcoin/comments/kzhnz7/if_bitcoin_ever_hits_2_million_the_richest/gjo756v/', 'If my grandma had wheels she would’ve been a bike..', 'kzhnz7'], ['u/bearCatBird', 18, '2021-01-18 02:24', 'https://www.reddit.com/r/Bitcoin/comments/kzhnz7/if_bitcoin_ever_hits_2_million_the_richest/gjo8v5a/', 'Good luck selling all those houses to poor millenials. \n\n"asset" \n\nbwahahahahahahaha', 'kzhnz7'], ['u/bearCatBird', 15, '2021-01-18 02:25', 'https://www.reddit.com/r/Bitcoin/comments/kzhnz7/if_bitcoin_ever_hits_2_million_the_richest/gjo8xxy/', "I'm calling bullshit. \n\nYou can't post a dick once it's already been eaten.", 'kzhnz7'], ['u/bearCatBird', 14, '2021-01-18 02:25', 'https://www.reddit.com/r/Bitcoin/comments/kzhnz7/if_bitcoin_ever_hits_2_million_the_richest/gjo90ao/', '$2 million by 2028.', 'kzhnz7'], ['u/bearCatBird', 14, '2021-01-18 02:27', 'https://www.reddit.com/r/Bitcoin/comments/kzhnz7/if_bitcoin_ever_hits_2_million_the_richest/gjo98va/', "In this make believe mad max future, are people afraid to leave their homes and wear masks for fear of a global pandemic and thugs run around the streets beating up people in red hats and burning down everything, and the news and your friends tell you it's a compassionate act?", 'kzhnz7'], ['u/bearCatBird', 26, '2021-01-18 02:28', 'https://www.reddit.com/r/Bitcoin/comments/kzhnz7/if_bitcoin_ever_hits_2_million_the_richest/gjo9aiq/', 'Not my proudest ride.', 'kzhnz7'], ['u/thanatosvn', 13, '2021-01-18 02:47', 'https://www.reddit.com/r/Bitcoin/comments/kzhnz7/if_bitcoin_ever_hits_2_million_the_richest/gjobfb1/', 'If Bitcoin hits $2 million, Satoshi Nakamoto would be the richest person on earth.\n\nIn fact, Satoshi would be the richest person on earth when BTC hits $200k.', 'kzhnz7'], ['u/fortunalex', 10, '2021-01-18 02:49', 'https://www.reddit.com/r/Bitcoin/comments/kzhnz7/if_bitcoin_ever_hits_2_million_the_richest/gjobmwu/', 'This guy fucks', 'kzhnz7'], ['u/panda_ball', 11, '2021-01-18 03:59', 'https://www.reddit.com/r/Bitcoin/comments/kzhnz7/if_bitcoin_ever_hits_2_million_the_richest/gjojonq/', 'Just need the millennials to sign their lives as wage slaves to banks for 30 years. They’re already 100k in debt after college, what’s another 30 years on top! ;)', 'kzhnz7'], ['u/DoubleUglyWhisperer', 12, '2021-01-18 04:05', 'https://www.reddit.com/r/Bitcoin/comments/kzhnz7/if_bitcoin_ever_hits_2_million_the_richest/gjokbm0/', "The way the Fed keeps printing money, an average middle class home in the suburbs will be a million in 5-10 years.\n\nMillionaire isn't nearly the status symbol it once was. Pretty much any middle class person in western countries becomes a millionaire as they near retirement. That is if they lived within their means, added consistently to their retirement account, and payed down their mortgage on their home.", 'kzhnz7'], ['u/godofpumpkins', 25, '2021-01-18 04:57', 'https://www.reddit.com/r/Bitcoin/comments/kzhnz7/if_bitcoin_ever_hits_2_million_the_richest/gjopn8z/', 'Most people sell on the way up. It would have to go from this to $2m overnight to make a bunch of people actually rich. Otherwise a bunch of folks are gonna buy themselves a fancy car or pay off some student loans or cover rent or whatever', 'kzhnz7'], ['u/gizram84', 21, '2021-01-18 05:08', 'https://www.reddit.com/r/Bitcoin/comments/kzhnz7/if_bitcoin_ever_hits_2_million_the_richest/gjoqrpq/', "Just having an asset worth over $1mm doesn't make you a millionaire. Most of those people are in $750k in debt for that house.", 'kzhnz7']]], ['u/Bycote', 'Barbell Investing', 33, '2021-01-18 01:24', 'https://www.reddit.com/r/wallstreetbets/comments/kzisdm/barbell_investing/', ' This is a thread to discuss Taleb\'s barbell investing idea, introduced in Chapter 13 of "The Black Swan."\n\nI\'m going to quote Taleb\'s description of the strategy here, which I believe is ok because he blatantly and purposefully makes all his books freely available via online pdf. \n\n*"If you know that you are vulnerable to prediction errors, and if you accept that most "risk measures" are flawed, because of the Black Swan, then your strategy is to be as hyperconservative* \n*and hyperaggressive as you can be instead of being mildly aggressive or conservative. Instead of putting your money in "medium risk" investments (how do you know it is medium risk? by listening to tenure-seeking "experts"?), you need to put a portion, say 85 to 90 percent, in extremely safe instruments, like Treasury bills—as safe a class of instruments as you can manage to find on this planet. The remaining 10 to 15 percent you put in extremely speculative bets, as leveraged as possible (like options), preferably venture capital-style portfolios. That way you do not depend on errors of risk management; no Black Swan can hurt you at all, beyond your "floor,"...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
36069.80, 35547.75, 30825.70, 33005.76, 32067.64, 32289.38, 32366.39, 32569.85, 30432.55, 33466.10
|
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
["In this article, we presented billionaire John Paulson's top 10 stock picks. Click to skip ahead and see Billionaire John Paulson's Top 5 Stock Picks . The investing guru billionaire John Paulson , who converted his hedge fund into a family office in 2020, has benefited from its bullish bets on gold and healthcare stocks in 2020 after seeing lackluster returns in the past few years. The founder of New York-based hedge fund Paulson & Co is famous for making $20 billion in profits for betting against the financial collapse in 2008. Although Paulson gained roughly $5 billion in 2010 on a bet on gold, its strategy of investing billions of dollars into gold markets negatively impacted its portfolio in the last decade. John Paulson founded Paulson & Co in 1994 and the hedge fund managed almost $36 billion of assets at its peak, but assets under management fell to $9 billion last year. The fund is currently managing almost $10 billion in assets under management and its 13F portfolio's value stood around $3.2 billion at the end of the September quarter. John Paulson seeks to invest for the long-term, with the average time held for the top ten stock stands around 10 quarters. The healthcare sector accounts for 44% of the overall portfolio, thanks to big stakes in Horizon Therapeutics and Bausch Health Companies. Investments in the basic material sector account for 24% of the 13F portfolio while communication services weighting stands just over 9%. Paulson & Co has also diversified its portfolio towards financial services, consumer cyclical, and real estate sectors. John PAULSON & CO John Paulson of Paulson & Co Paulson & Co is well known for investing in merger arbitrage, event-driven, and distressed assets. Prior to Paulson & Co, the investing guru worked as a managing director in mergers and acquisitions at Bear Stearns. He received a Master of Business Administration degree from Harvard Business School in 1980. While John Paulson's reputation remains intact, the same can’t be said of the hedge fund industry as a whole, as its reputation has been tarnished in the last decade during which its hedged returns couldn’t keep up with the unhedged returns of the market indices. On the other hand, Insider Monkey’s research was able to identify in advance a select group of hedge fund holdings that outperformed the S&P 500 ETFs by more than 88 percentage points since March 2017 ( see the details here ). We were also able to identify in advance a select group of hedge fund holdings that significantly underperformed the market. We have been tracking and sharing the list of these stocks since February 2017 and they lost 13% through November 16. You can subscribe to our free newsletter on our homepage to receive our stories in your inbox. Story continues Let’s start reviewing billionaire John Paulson's top 10 stock picks to see whether one of the most prominent hedge fund manager’s long-running investments worked in 2020. 10. DISH Network Corporation (NASDAQ: DISH ) John Paulson's position in DISH Network Corporation (NASDAQ: DISH) underperformed in 2020 as shares of the pay-tv services provider fell close to 10% in the last twelve months. Unfortunately, DISH Network has lost almost half of its value since John Paulson’s hedge fund initiated a position during the first quarter of 2017. The company is currently working on expanding its wireless offerings. Consequently, it acquired wireless carrier Boost Mobile in 2020 and acquired more than 9 million retail wireless subscribers. DISH seeks to innovate in the wireless market, with the strategy of building the nation's first cloud-native, Open RAN-based 5G broadband network. Other hand funds are also bullish on DISH Network as it was in 60 hedge funds’ portfolios at the end of the third quarter of 2020 compared to the all-time high of 58. 9. Discovery, Inc. (NASDAQ: DISCK ) Paulson's position in Discovery, Inc. (NASDAQ: DISCK) also underperformed in the last twelve months despite a rally of 27% in the last month. The firm has initiated a position in Discovery in 2017, but shares of Discovery saw range-bound movement in the past three years. The latest rally in Discovery share price is supported by the company’s strategy of moving into the streaming services business. Discovery launched its streaming service Discovery+ this month, with a library of more than 55K shows. Andaz Private Investments, which posted a return of 14.6% in the first nine months of 2020, presented a bullish case for Discovery in an investor’s letter. Here’s what Andaz Private Investments stated : “Discovery is extremely undervalued and on a c.30% free cash flow yield. The company also believes its stock is extremely undervalued and is allocating half of that free cash into share buybacks. At a recent conference, they informed the market that they have successfully and significantly increased pricing in their recent Upfront (gathering of TV networks and advertisers). This will most likely result in greater profits and cash flow over the medium term. Discovery continues to gain share in the USA and Internationally.” 8. Viatris Inc. (NASDAQ: VTRS ) Viatris Inc. (NASDAQ: VTRS), which was formed as a result of a merger between Mylan and Pfizer's Upjohn, is the eighth largest stock holding of Paulson’s portfolio. Paulson's hedge fund was the long-running shareholder of Mylan prior to the merger agreement. After a strong share price rally in December, shares of Viatris plunged in 2021 due to a conservative outlook and a longer than expected delay in dividend announcement. The management expects flat revenue for 2021 and described the year as ‘trough’. The management also announced to initiate dividends during the second half of 2021. Previously, the company has announced to initiate dividends after the full quarter following the closure of the merger. 7. AngloGold Ashanti Limited (NYSE: AU ) Shares of AngloGold Ashanti Limited (NYSE: AU) also underperformed in the last twelve months despite a strong rally during the second and third quarter of 2020. The firm has initiated a position in AngloGold in 2009 and it currently accounts for 5.73% of the overall portfolio. AngloGold Ashanti is among the biggest gold mining companies in the world and it operates 14 mines and three projects in nine countries. The gold price has been under pressure over the past few months after hitting an all-time high in July 2020. Consequently, the AngloGold share price fell almost 30% in the last six months. Despite that, the company believes they are in a position to offer hefty dividends to shareholders. 6. Takeda Pharmaceutical Company Limited (NYSE: TAK ) Shares of Takeda Pharmaceutical Company Limited (NYSE: TAK) fell 12% in the last twelve months. Paulson & Co has been holding a stake in Takeda since the first quarter of 2019. It is the sixth-largest stock holding of Paulson’s 13F portfolio, accounting for 6.28% of the portfolio. Despite the sluggish stock performance, the company offers a dividend yield of almost 5%. In addition, it expects revenue to hit $50 billion levels in 2030, up 50% from its 2019 revenue. The company believes its Wave 1 pipeline, which includes 12 new molecules targeted for launch by FY2024, will help in generating the majority of revenues in the years ahead. The company is currently working on an assets divestiture program to streamline its businesses according to future growth strategies. Takeda exceeded its $10 billion non-core asset divestiture target during the first half of 2020. The company plans to use proceeds for debt reduction and investments in growth opportunities. Click to continue reading and see Billionaire John Paulson's Top 5 Stock Picks . Suggested articles: 10 Best Hydrogen Fuel Cell Stocks To Buy Now 10 Best Mid-Cap Stocks To Buy According To Billionaire Brian Higgins Billionaire Louis Bacon Shuns Bitcoin, Returns 70% By Betting On These Stocks Disclosure: No Position. The article Billionaire John Paulson's Top 10 Stock Picks is originally published on Insider Monkey. Follow Insider Monkey on Twitter .", "In this article, we presented billionaire John Paulson's top 10 stock picks. Click to skip ahead and seeBillionaire John Paulson's Top 5 Stock Picks.\nThe investing guru billionaireJohn Paulson, who converted his hedge fund into a family office in 2020, has benefited from its bullish bets on gold and healthcare stocks in 2020 after seeing lackluster returns in the past few years. The founder of New York-based hedge fund Paulson & Co is famous for making $20 billion in profits for betting against the financial collapse in 2008. Although Paulson gained roughly $5 billion in 2010 on a bet on gold, its strategy of investing billions of dollars into gold markets negatively impacted its portfolio in the last decade.\nJohn Paulson founded Paulson & Co in 1994 and the hedge fund managed almost $36 billion of assets at its peak, but assets under management fell to $9 billion last year. The fund is currently managing almost $10 billion in assets under management and its 13F portfolio's value stood around $3.2 billion at the end of the September quarter.\nJohn Paulson seeks to invest for the long-term, with the average time held for the top ten stock stands around 10 quarters. The healthcare sector accounts for 44% of the overall portfolio, thanks to big stakes in Horizon Therapeutics and Bausch Health Companies. Investments in the basic material sector account for 24% of the 13F portfolio while communication services weighting stands just over 9%. Paulson & Co has also diversified its portfolio towards financial services, consumer cyclical, and real estate sectors.\nJohn Paulson of Paulson & Co\nPaulson & Co is well known for investing in merger arbitrage, event-driven, and distressed assets. Prior to Paulson & Co, the investing guru worked as a managing director in mergers and acquisitions at Bear Stearns. He received a Master of Business Administration degree from Harvard Business School in 1980.\
**Last 60 Days of Bitcoin's Closing Prices:**
[18621.31, 18642.23, 18370.00, 18364.12, 19107.46, 18732.12, 17150.62, 17108.40, 17717.41, 18177.48, 19625.84, 18803.00, 19201.09, 19445.40, 18699.77, 19154.23, 19345.12, 19191.63, 18321.14, 18553.92, 18264.99, 18058.90, 18803.66, 19142.38, 19246.64, 19417.08, 21310.60, 22805.16, 23137.96, 23869.83, 23477.29, 22803.08, 23783.03, 23241.35, 23735.95, 24664.79, 26437.04, 26272.29, 27084.81, 27362.44, 28840.95, 29001.72, 29374.15, 32127.27, 32782.02, 31971.91, 33992.43, 36824.36, 39371.04, 40797.61, 40254.55, 38356.44, 35566.66, 33922.96, 37316.36, 39187.33, 36825.37, 36178.14, 35791.28, 36630.07]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2021-01-19
**Financial & Commodity Data:**
- Gold Closing Price: $1839.50
- Crude Oil Closing Price: $52.98
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $689,818,776,797
- Hash Rate: 152635647.72195736
- Transaction Count: 325083.0
- Unique Addresses: 757920.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.80
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Honeywell has partnered up with Atrium Health, Tepper Sports & Entertainment and the Charlotte Motor Speedway in an effort to get 1 million frontline workers vaccinated by July 1, 2021. According to Darius Adamczyk, CEO of Honeywell ( HON ), Honeywell is world renowned for managing highly complex logistics, information technology and operational issues, adding that he is very pleased that Honeywell is leading this coalition of private and public organizations. At a news conference on Jan. 12, Gov. Roy Cooper announced that several mass vaccination sites are being set up across North Carolina to improve the rollout of the COVID-19 vaccine. Bank of America Stadium and the Charlotte Motor Speedway will serve as initial locations to contribute to this public-private initiative, together with a third, yet to be determined venue. The non-profit healthcare system, Atrium Health will be used to operate the mass vaccination events. ( See HON stock analysis on TipRanks ) Credit Suisse analyst John Walsh reiterated his Buy rating on HON three weeks ago and ramped up his price target from $182 to $225. This implies upside potential of around 8% from current levels. Commenting on Honeywells $1.3 billion deal to buy Sparta Systems, Walsh said that he expects recent software acquisitions to act as digital multipliers across the organization, which softens the headline transaction multiple. Consensus among analysts is a Moderate Buy based on 9 Buys and 7 Holds. The average price target of $212.53 implies moderate update potential of 1.9% to current levels. HON gets a 4 out of 10 on Tipranks Smart Score rating indicating that it is likely to perform in line with market averages. Related News: Porch Lifts 2021 Sales Outlook; Stock Leaps 11.4% Accolade Inks $460M Deal To Buy 2nd.MD; Shares Rally 9% Acacia Pops 31% After Cisco Sweetens Buyout Offer To $4.5B More recent articles from Smarter Analyst: Bitcoin Can Soar or Crash, but Square (SQ) Will Still Benefit, Says Analyst 2 Strong Buy Stocks Trading at Steep Discounts Micron: The Turnaround Gathers Pace J.P. Morgan Reiterates Neutral Stance on Moderna Following Healthcare Conference...
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
35547.75, 30825.70, 33005.76, 32067.64, 32289.38, 32366.39, 32569.85, 30432.55, 33466.10, 34316.39
|
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Tesla Inc.(NASDAQ:TSLA) and Bitcoin (BTC) are more likely to see their values halved than doubled over the period of next 12 months, according to the majority of respondents in a Deutsche Bank survey published Tuesday.\nWhat Happened:Deutsche Bank surveyed 627 market professionals last week, with 89% of respondents saying they find some financial markets to be in the bubble territory, as firstreportedby CNBC.\n“When asked specifically about the 12 month fate of Bitcoin and Tesla — a stock emblematic of a potential tech bubble — a majority of readers think that they are more likely to halve than double from these levels with Tesla more vulnerable according to readers,” Deutsche Bank said, as per CNBC.\nThe survey respondents rated Bitcoin 10 out of 10 on the bubble scale while U.S. tech stocks overall got a score of 7.9.\nNevertheless, Deutsche Bank noted that survey respondents see “easy monetary situations” as likely to continue through 2021 with the Federal Reserve unlikely to tighten monetary policy before the year is out.\nWhy It Matters:Bitcoin’s spectacular rally saw it hit an all-time high of $41,429.38 on Jan. 8 from trading below the $10,000 level in July last year.\nThe apex cryptocurrency has since cooled-off, trading at around $35,962 at press time.\nAccording to JPMorgan analysts,Bitcoin could crossthe $40,000 mark again in the coming weeks if investor interest inGrayscale Bitcoin Trust(OTC:GBTC) remains high. If that fails to happen, the cryptocurrency risks further crash.\nTesla too has seen a massive 700% over the trailing one-year period, with Elon Musk becoming the world’s richest person — overtakingAmazon.com Inc.’s(NASDAQ:AMZN) Jeff Bezos.\nNevertheless, the EV maker continues to inspire optimistic price targets from analysts, with Wedbush’s Daniel Ives giving abull case targetof $1,250.\nSee Also:Chasing Tesla, Major Tech Companies Team With Automakers To Enter EV Space\nPrice Action:Tesla stock closed 2.23% higher at $844.55 on Tuesday, and traded about 0.15% lower in the after-hours.\nSee more from Benzinga\n• Click here for options trades from Benzinga\n• JPMorgan Sees Bitcoin Crossing K Again In Coming Weeks, If This Key Condition Is Met\n• Bitcoin Rally Pause Gives DeFi, Smart Contract Cryptos The Time To Shine\n© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.', 'Tesla Inc.(NASDAQ:TSLA) and Bitcoin (BTC) are more likely to see their values halved than doubled over the period of next 12 months, according to the majority of respondents in a Deutsche Bank survey published Tuesday.\nWhat Happened:Deutsche Bank surveyed 627 market professionals last week, with 89% of respondents saying they find some financial markets to be in the bubble territory, as firstreportedby CNBC.\n“When asked specifically about the 12 month fate of Bitcoin and Tesla — a stock emblematic of a potential tech bubble — a majority of readers think that they are more likely to halve than double from these levels with Tesla more vulnerable according to readers,” Deutsche Bank said, as per CNBC.\nThe survey respondents rated Bitcoin 10 out of 10 on the bubble scale while U.S. tech stocks overall got a score of 7.9.\nNevertheless, Deutsche Bank noted that survey respondents see “easy monetary situations” as likely to continue through 2021 with the Federal Reserve unlikely to tighten monetary policy before the year is out.\nWhy It Matters:Bitcoin’s spectacular rally saw it hit an all-time high of $41,429.38 on Jan. 8 from trading below the $10,000 level in July last year.\nThe apex cryptocurrency has since cooled-off, trading at around $35,962 at press time.\nAccording to JPMorgan analysts,Bitcoin could crossthe $40,000 mark again in the coming weeks if investor interest inGrayscale Bitcoin Trust(OTC:GBTC) remains high. If that fails to happen, the cryptocurrency risks further crash.\nTesla too has seen a massive 700% over the trailing one-year period, with Elon Musk becoming the world’s richest person — overtakingAmazon.com Inc.’s(NASDAQ:AMZN) Jeff Bezos.\nNevertheless, the EV maker continues to inspire optimistic price targets from analysts, with Wedbush’s Daniel Ives giving abull case targetof $1,250.\nSee Also:Chasing Tesla, Major Tech Companies Team With Automakers To Enter EV Space\nPrice Action:Tesla stock closed 2.23% higher at $844.55 on Tuesday, and traded about 0.15% lower in the after-hours.\nSee more from Benzinga\n• Click here for options trades from Benzinga\n• JPMorgan Sees Bitcoin Crossing K Again In Coming Weeks, If This Key Condition Is Met\n• Bitcoin Rally Pause Gives DeFi, Smart Contract Cryptos The Time To Shine\n© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.', 'Tesla Inc. (NASDAQ: TSLA ) and Bitcoin (BTC) are more likely to see their values halved than doubled over the period of next 12 months, according to the majority of respondents in a Deutsche Bank survey published Tuesday. What Happened: Deutsche Bank surveyed 627 market professionals last week, with 89% of respondents saying they find some financial markets to be in the bubble territory, as first reported by CNBC. \x93When asked specifically about the 12 month fate of Bitcoin and Tesla \x97 a stock emblematic of a potential tech bubble \x97 a majority of readers think that they are more likely to halve than double from these levels with Tesla more vulnerable according to readers,\x94 Deutsche Bank said, as per CNBC. The survey respondents rated Bitcoin 10 out of 10 on the bubble scale while U.S. tech stocks overall got a score of 7.9. Nevertheless, Deutsche Bank noted that survey respondents see \x93easy monetary situations\x94 as likely to continue through 2021 with the Federal Reserve unlikely to tighten monetary policy before the year is out. Why It Matters: Bitcoin\x92s spectacular rally saw it hit an all-time high of $41,429.38 on Jan. 8 from trading below the $10,000 level in July last year. The apex cryptocurrency has since cooled-off, trading at around $35,962 at press time. According to JPMorgan analysts, Bitcoin could cross the $40,000 mark again in the coming weeks if investor interest in Grayscale Bitcoin Trust (OTC: GBTC ) remains high. If that fails to happen, the cryptocurrency risks further crash. Tesla too has seen a massive 700% over the trailing one-year period, with Elon Musk becoming the world\x92s richest person \x97 overtaking Amazon.com Inc.\x92s (NASDAQ: AMZN ) Jeff Bezos. Nevertheless, the EV maker continues to inspire optimistic price targets from analysts, with Wedbush\x92s Daniel Ives giving a bull case target of $1,250. See Also: Chasing Tesla, Major Tech Companies Team With Automakers To Enter EV Space Story continues Price Action: Tesla stock closed 2.23% higher at $844.55 on Tuesday, and traded about 0.15% lower in the after-hours. See more from Benzinga Click here for options trades from Benzinga JPMorgan Sees Bitcoin Crossing K Again In Coming Weeks, If This Key Condition Is Met Bitcoin Rally Pause Gives DeFi, Smart Contract Cryptos The Time To Shine © 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.', 'The FTSE 100 was set to make modest gains in early trading today as London investors got their chance to react to new US Treasury Secretary Janet Yellen’s pledge to “act big” to help the US economy rebound from Covid-19.\nYellen, former head of the US Federal Reserve central bank, pledged to provide relief to those in need in the US economy, triggering expectations of further stimulus measures beyond the $1.9 trillion already promised.\nShe also made clear that the tough US policy on China would continue, albeit with a different tone than under Donald Trump.\nFor its part, China today upped the ante against the US with media there repeating claims the Covid pandemic had been started by America.\nFor currency markets, her biggest point was to stress that the US would no longer be looking to talk down the dollar. Trump had regularly attempted to suppress the greenback to boost US exporters.\nAsian markets started the morning up strongly, hitting new record highs, but the gains petered out, and Joe Biden’s inauguration later today was not set to be greeted with a surge in markets in Europe.\nThe FTSE 100 was being called up just 15 points at 6726, the Dax in Germany flat at 13815 and France’s CAC 40 down 8 at 5590. Those prices were from CMC Markets. IG Index called the FTSE up 20.5,\nInflation data today for December will show there are no signs of prices rising as economies struggle under the weight of Covid. The numbers will not include the more optimistic feel that markets have indicated so far this month in the UK as vaccine rollout progresses quickly.\nEurope’s dismally slow pace of vaccinations will hold back their economies a little longer than the UK’s, although Britain has further to claw back after Covid hit it hardest last year.\nUK inflation could see a modest uptick to 0.5% from 0.3% in November largely due to higher fuel prices. The less-widely watched core inflation number is likely to come in at 1.3% from 1.1% before.\nEuropean inflation is set to come in at minus 0.3% in headline CPI and plus 0.2% in the core inflation figure.\nStockwatchers in the US may have been watching Yellen with half an eye, but the focus after hours was on Netflix, which shot the lights out on its trading figures. Shares in the popular big tech stock jumped 13% in after hours trading as it reported strong growth in subscriber numbers to more than 200 million despite the rise of Disney’s streaming product and some price rises.\nStill on global stocks, Alibaba shares jumped this morning after founder Jack Ma made his first public appearance since disappearing after criticising China’s regulators and state-owned banks in October. After his speech back then, his Ant Financial’s IPO was cancelled by regulators and he was given a dressing down in public by Beijing officials.\nIn a video posted online, he said: “
**Last 60 Days of Bitcoin's Closing Prices:**
[18642.23, 18370.00, 18364.12, 19107.46, 18732.12, 17150.62, 17108.40, 17717.41, 18177.48, 19625.84, 18803.00, 19201.09, 19445.40, 18699.77, 19154.23, 19345.12, 19191.63, 18321.14, 18553.92, 18264.99, 18058.90, 18803.66, 19142.38, 19246.64, 19417.08, 21310.60, 22805.16, 23137.96, 23869.83, 23477.29, 22803.08, 23783.03, 23241.35, 23735.95, 24664.79, 26437.04, 26272.29, 27084.81, 27362.44, 28840.95, 29001.72, 29374.15, 32127.27, 32782.02, 31971.91, 33992.43, 36824.36, 39371.04, 40797.61, 40254.55, 38356.44, 35566.66, 33922.96, 37316.36, 39187.33, 36825.37, 36178.14, 35791.28, 36630.07, 36069.80]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2021-01-20
**Financial & Commodity Data:**
- Gold Closing Price: $1865.90
- Crude Oil Closing Price: $53.24
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $689,818,776,797
- Hash Rate: 144440445.1597046
- Transaction Count: 314809.0
- Unique Addresses: 755823.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.78
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Following the completion of its month-long stint on Binance Launchpool, Hard protocol has gone to record growth metrics that are indicative of its emerging status in the DeFi market. The most notable of these achievements is the recent price rally of HARD token.
On the 3rd of November, Binance began a month-long staking program featuring Hard protocol as part of its ongoing Launchpool initiative to promote new projects. Thispartnershipoffered the Binance community reward earning opportunities in the form of HARD tokens when they stake BUSD, BNB, or KAVA. As expected, this campaign exposed Hard protocol to a slew of new users and, in turn, propped the volume of yield farming activities executed on the platform. At the time of writing, the total asset locked in Hard protocol has risen to $40.5 million, which is remarkable considering that it launched barely 2 months ago.
While the Hard protocol as an ecosystem blossomed throughout this staking campaign, the Launchpool cycle had a somewhat curious impact on the price of HARD. The value of the protocol’s governance token underperformed while the campaign lasted.
The peculiar case of the non-performance of HARD attracted the attention of pundits in November. One suchanalysisconcluded that the current valuation of the digital asset is yet to reflect the innovative and dynamic design of Hard Protocol. The analysis explored the value of competing money markets, including Aave and Compound, and argued that the absence of restrictive systems in the infrastructural makeup of Hard Protocol promises massive growth potential. This argument stems from the ability of the protocol to enable cross-chain yield farming opportunities for holders of digital assets previously marginalized in the ongoingDeFi narrative. More importantly, these networks, including Ripple, Bitcoin, and Binance Chain, boast some of the largest crypto communities in the world. As such, the growth potential is limitless, especially if it manages to capture a significant share of the $300 billion worth Bitcoin network.
CEO Of Kava Lab’s Take on The Value of Hard
In line with this projection, Brian Kerr, CEO of Kava, stated in a recentinterviewthat the value of Hard Protocol would eventually reflect in the price of HARD because as the governance token, it is integral to the evolution of the ecosystem as a whole. He explained:
“Today, HARD is a governance token granting holders a say in the ongoing maintenance and evolution of the application. This is a right to have say over key parameters like collateral ratios, what assets get money markets, and reward distributions. While the HARD token is a governance token today without any cashflows, we imagine the natural evolution of users will be to increase the fundamental value of HARD as the application grows in usage by attributing some fee back to HARD holders either directly or indirectly via a burning mechanism.”
Furthermore, he attributed the underperformance of HARD to the influx in the token supply as a result of the now completed staking campaign. Kerr noted that the price of HARD would rally as soon as the program ends since the circulating supply ofHARDwill normalize, thanks to the protocol’s advanced bitcoin having-like system.
Brian Kerr went on to make projections of his own that depict the opportunities available to HARD token holders. The CEO posited that token holders could capitalize on the decentralized governance model of Hard Protocol to create extra earning opportunities:
“As a governance token HARD has all the value of the application. HARD voters can vote to add new assets, to collect fees, and ultimately direct those fees back to themselves as a dividend if they wanted it. If HARD can get $1B in borrowing and direct a 1% fee to users, it’s worth $10,000,000 USD. I think with the current landscape of DeFi this is a very reachable number. In fact, HARD can do orders of magnitude better since it can support much more than BTC which alone is a $280 Billion asset.”
True to Kerr’s prediction for the short-term performance of HARD, the value of the token had since recorded an uptrend that saw the pricesurgeabove the $1 mark for the first time in over one month. Notably, this price rally, as predicted by Kerr, kicked off on the 3rd of December, the same day the Launchpool cycle came to an end. Subsequently, the value of HARD is up by over 64% in the last 7 days. Hence, it is safe to assume that Brian Kerr’s long-term projections for the price performance of HARD are also plausible given that the token is still very much undervalued when you take into account the potential market size of Hard Protocol.
Another factor that could propel the price of HARD is the high tendency of investors to hold on to their Bitcoin stash amid growing expectations for an imminent bull run. According to Kerr, Hard Protocol isperfectly positionedas the only viable means for Bitcoin investors to earn extra yields in the form of HARD tokens while they continue to hodl. The cross-chain functionality of the protocol eliminates all restrictions and provides direct and safe access to the highly coveted DeFi yield farming opportunities. If this proves to be the case, then there is no reason why HARD cannot match and surpass the performance of the likes of AAVE and COMP.
However, note that there is no way to correctly analyze the potential of HARD without factoring the role of Kava. Just as the Ethereum community played a major role in the successes of Aave and Compound, KAVA holders have a similar connection with Hard Protocol. If more KAVA is staked on the Hard protocol, then expect the value of HARD to rise.
Kava Remains a Hidden Gem
Speaking of Kava, the low market visibility of the platform and its governance token make it yet another example of undervalued projects with innovative features. The sheer level of ingenuity that powers Kava puts it side by side with some of the most compelling ecosystems in the crypto space. It is a blockchain network very much like Ethereum with even more advanced architecture that provides users with cross-chain functionality. Its permissioned infrastructure powered by the governance token allows banks and corporations to integrate with DeFi seamlessly while evading recurring issues associated with the permissionless Ethereum network.
While this is a given, many continue incorrectly to view Kava as a direct competitor of Maker. This unwanted comparison and the fact that Kava, as a result of its non-Ethereum makeup, is not listed on DeFi Pulse indicate that the project is stilla hidden gem. Nonetheless, there are reasons to believe that this will not be the case for very long as plans for more protocols and dapps to launch on Kava is underway. More importantly, the implementation of the borrowing side of Hard protocol at the end of December promises to position Kava as the go-to network for Bitcoin investors looking to boost their earning power. For now, holding KAVA, due to its undervalued status, seems like a wise investment choice.
See more from Benzinga
• Click here for options trades from Benzinga
• 22 Stocks Moving in Tuesday's Pre-Market Session
• A Peek Into The Markets: US Stock Futures Climb; Fed Meeting In Focus
© 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved....
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
30825.70, 33005.76, 32067.64, 32289.38, 32366.39, 32569.85, 30432.55, 33466.10, 34316.39, 34269.52
|
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
["Jan 20 (Reuters) - BlackRock Inc is adding bitcoin futures as an eligible investment to two funds, a company filing showed, in a move to bring the world of cryptocurrency to its clients. The world's largest asset manager said it could use bitcoin derivatives for its funds BlackRock Strategic Income Opportunities and BlackRock Global Allocation Fund Inc. The funds will invest only in cash-settled bitcoin futures traded on commodity exchanges registered with the Commodity Futures Trading Commission, the company said in a filing to the Securities and Exchange Commission on Wednesday. Chief Executive Officer Larry Fink had said at the Council of Foreign Relations in December that bitcoin is seeing big giant moves every day and could possibly evolve into a global market. (https://bit.ly/2XXFHrB) Earlier this month, Bitcoin, the world's most popular cryptocurrency, hit a record high of $40,000, rallying more than 900% from a low in March and having only just breached $20,000 in mid-December. A BlackRock spokesperson declined to comment beyond the filings when contacted by Reuters. (Reporting by Radhika Anilkumar and Bhargav Acharya in Bengaluru; Editing by Arun Koyyur)", "Jan 20 (Reuters) - BlackRock Inc is adding bitcoin futures as an eligible investment to two funds, a company filing showed, in a move to bring the world of cryptocurrency to its clients.\nThe world's largest asset manager said it could use bitcoin derivatives for its funds BlackRock Strategic Income Opportunities and BlackRock Global Allocation Fund Inc.\nThe funds will invest only in cash-settled bitcoin futures traded on commodity exchanges registered with the Commodity Futures Trading Commission, the company said in a filing to the Securities and Exchange Commission on Wednesday.\nChief Executive Officer Larry Fink had said at the Council of Foreign Relations in December that bitcoin is seeing big giant moves every day and could possibly evolve into a global market. (https://bit.ly/2XXFHrB)\nEarlier this month, Bitcoin, the world's most popular cryptocurrency, hit a record high of $40,000, rallying more than 900% from a low in March and having only just breached $20,000 in mid-December.\nA BlackRock spokesperson declined to comment beyond the filings when contacted by Reuters.\n(Reporting by Radhika Anilkumar and Bhargav Acharya in Bengaluru; Editing by Arun Koyyur)", 'By David Randall\n(Reuters) - BlackRock Inc, the world\'s largest asset manager, is adding bitcoin futures as an eligible investment to two funds, a company filing showed.\nThe company said it could use bitcoin derivatives for its funds BlackRock Strategic Income Opportunities and BlackRock Global Allocation Fund Inc.\nThe funds will invest only in cash-settled bitcoin futures traded on commodity exchanges registered with the Commodity Futures Trading Commission, the company said in a filing to the Securities and Exchange Commission on Wednesday.\nA BlackRock representative declined to comment beyond the filings when contacted by Reuters.\nEarlier this month, Bitcoin, the world\'s most popular cryptocurrency, hit a record high of $40,000, rallying more than 900% from a low in March and having only just breached $20,000 in mid-December.\nBitcoin tumbled 10.6% in midday U.S. trading Thursday.\nOther U.S.-based asset managers will likely follow BlackRock\'s lead and add exposure to bitcoin in some form to their go-anywhere or macro strategies as the cryptocurrency market becomes more liquid and developed, said Todd Rosenbluth, director of mutual fund research at CFRA.\n"It’s easy to see how strong the performance has been of late and look at a historical asset allocation strategy that would have included a slice of crypto and how returns would have been enhanced as a result," he said. "Large institutional investors are going to be able to tap into the futures market in a way that a retail investor could not do."\nThere is currently no U.S.-based exchange-traded fund that owns bitcoin, limiting the ability of most fund managers to own the cryptocurrency in their portfolios.\nBlackRock Chief Executive Officer Larry Fink had said at the Council of Foreign Relations in December that bitcoin is seeing giant moves every day and could possibly evolve into a global market. (https://bit.ly/2XXFHrB)\n(Reporting by David Randall; Additional reporting by Radhika Anilkumar and Bhargav Acharya in Bengaluru; Editing by Arun Koyyur and Lisa Shumaker)', 'By David Randall (Reuters) - BlackRock Inc, the world\'s largest asset manager, is adding bitcoin futures as an eligible investment to two funds, a company filing showed. The company said it could use bitcoin derivatives for its funds BlackRock Strategic Income Opportunities and BlackRock Global Allocation Fund Inc. The funds will invest only in cash-settled bitcoin futures traded on commodity exchanges registered with the Commodity Futures Trading Commission, the company said in a filing to the Securities and Exchange Commission on Wednesday. A BlackRock representative declined to comment beyond the filings when contacted by Reuters. Earlier this month, Bitcoin, the world\'s most popular cryptocurrency, hit a record high of $40,000, rallying more than 900% from a low in March and having only just breached $20,000 in mid-December. Bitcoin tumbled 10.6% in midday U.S. trading Thursday. Other U.S.-based asset managers will likely follow BlackRock\'s lead and add exposure to bitcoin in some form to their go-anywhere or macro strategies as the cryptocurrency market becomes more liquid and developed, said Todd Rosenbluth, director of mutual fund research at CFRA. "It’s easy to see how strong the performance has been of late and look at a historical asset allocation strategy that would have included a slice of crypto and how returns would have been enhanced as a result," he said. "Large institutional investors are going to be able to tap into the futures market in a way that a retail investor could not do." There is currently no U.S.-based exchange-traded fund that owns bitcoin, limiting the ability of most fund managers to own the cryptocurrency in their portfolios. BlackRock Chief Executive Officer Larry Fink had said at the Council of Foreign Relations in December that bitcoin is seeing giant moves every day and could possibly evolve into a global market. (https://bit.ly/2XXFHrB) (Reporting by David Randall; Additional reporting by Radhika Anilkumar and Bhargav Acharya in Bengaluru; Editing by Arun Koyyur and Lisa Shumaker)', 'By David Randall (Reuters) - BlackRock Inc, the world\'s largest asset manager, is adding bitcoin futures as an eligible investment to two funds, a company filing showed. The company said it could use bitcoin derivatives for its funds BlackRock Strategic Income Opportunities and BlackRock Global Allocation Fund Inc. The funds will invest only in cash-settled bitcoin futures traded on commodity exchanges registered with the Commodity Futures Trading Commission, the company said in a filing to the Securities and Exchange Commission on Wednesday. A BlackRock representative declined to comment beyond the filings when contacted by Reuters. Earlier this month, Bitcoin, the world\'s most popular cryptocurrency, hit a record high of $40,000, rallying more than 900% from a low in March and having only just breached $20,000 in mid-December. Bitcoin tumbled 10.6% in midday U.S. trading Thursday. Other U.S.-based asset managers will likely follow BlackRock\'s lead and add exposure to bitcoin in some form to their go-anywhere or macro strategies as the cryptocurrency market becomes more liquid and developed, said Todd Rosenbluth, director of mutual fund research at CFRA. "It’s easy to see how strong the performance has been of late and look at a historical asset allocation strategy that would have included a slice of crypto and how returns would have been enhanced as a result," he said. "Large institutional investors are going to be able to tap into the futures market in a way that a retail investor could not do." There is currently no U.S.-based exchange-traded fund that owns bitcoin, limiting the ability of most fund managers to own the cryptocurrency in their portfolios. BlackRock Chief Executive Officer Larry Fink had said at the Council of Foreign Relations in December that bitcoin is seeing giant moves every day and could possibly evolve into a global market. (https://bit.ly/2XXFHrB) (Reporting by David Randall; Additional reporting by Radhika Anilkumar and Bhargav Acharya in Bengaluru; Editing by Arun Koyyur and Lisa Shumaker)', 'By David Randall\n(Reuters) - BlackRock Inc, the world\'s largest asset manager, is adding bitcoin futures as an eligible investment to two funds, a company filing showed.\nThe company said it could use bitcoin derivatives for its funds BlackRock Strategic Income Opportunities and BlackRock Global Allocation Fund Inc.\nThe funds will invest only in cash-settled bitcoin futures traded on commodity exchanges registered with the Commodity Futures Trading Commission, the company said in a filing to the Securities and Exchange Commission on Wednesday.\nA BlackRock representative declined to comment beyond the filings when contacted by Reuters.\nEarlier this month, Bitcoin, the world\'s most popular cryptocurrency, hit a record high of $40,000, rallying more than 900% from a low in March and having only just breached $20,000 in mid-December.\nBitcoin tumbled 10.6% in midday U.S. trading Thursday.\nOther U.S.-based asset managers will likely follow BlackRock\'s lead and add exposure to bitcoin in some form to their go-anywhere or macro strategies as the cryptocurrency market becomes more liquid and developed, said Todd Rosenbluth, director of mutual fund research at CFRA.\n"It’s easy to see how strong the performance has been of late and look at a historical asset allocation strategy that would have included a slice of crypto and how returns would have been enhanced as a result," he said. "Large institutional inves
**Last 60 Days of Bitcoin's Closing Prices:**
[18370.00, 18364.12, 19107.46, 18732.12, 17150.62, 17108.40, 17717.41, 18177.48, 19625.84, 18803.00, 19201.09, 19445.40, 18699.77, 19154.23, 19345.12, 19191.63, 18321.14, 18553.92, 18264.99, 18058.90, 18803.66, 19142.38, 19246.64, 19417.08, 21310.60, 22805.16, 23137.96, 23869.83, 23477.29, 22803.08, 23783.03, 23241.35, 23735.95, 24664.79, 26437.04, 26272.29, 27084.81, 27362.44, 28840.95, 29001.72, 29374.15, 32127.27, 32782.02, 31971.91, 33992.43, 36824.36, 39371.04, 40797.61, 40254.55, 38356.44, 35566.66, 33922.96, 37316.36, 39187.33, 36825.37, 36178.14, 35791.28, 36630.07, 36069.80, 35547.75]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2021-01-21
**Financial & Commodity Data:**
- Gold Closing Price: $1865.30
- Crude Oil Closing Price: $53.13
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $689,818,776,797
- Hash Rate: 132147641.31632549
- Transaction Count: 290754.0
- Unique Addresses: 736588.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.75
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Sanofi SA(NASDAQ:SNY) andGlaxoSmithKline plc(NYSE:GSK) on Friday reported a delay in their COVID-19 vaccine program as interim results from Phase 1 and 2 trials indicate a low immune response in older adults.
What Happened:The drugmakers said in a statement that early-stage vaccine trials indicate a low immune response in older adults — most likely caused by an insufficient concentration of the antigen.
The results show that while patients aged 18 to 49 years showed an immune response comparable to patients who recovered from COVID-19, the response was lower in older adults.
The vaccine platform uses Sanofi’s recombinant technology and GlaxoSmithKline’s pandemic adjuvant.
Roger Connor, president of GlaxoSmithKline said, “The results of the study are not as we hoped. Based on previous experience and other collaborations, we are confident that GSK’s pandemic adjuvant system, when coupled with a COVID-19 antigen, can elicit a robust immune response with an acceptable reactogenicity profile.”
Thomas Triomphe, executive vice president of Sanofi said, “No single pharma company can make it alone; the world needs more than one vaccine to fight the pandemic.”
Why It Matters:The drugmakers said that their vaccine is now likely to be delayed until the fourth quarter of next year, contingent on the successful completion of its development plan.
The companies said it would launch a study in February with the help of the Biomedical Advanced Research and Development Authority as a part of Operation Warp Speed which would include a comparison with an authorized COVID-19 vaccine.
See Also:Pfizer-BioNTech COVID-19 Vaccine Gets FDA Advisors' Nod
Sanofi and GlaxoSmithKline have informed governments — including the European Commission — with whom the companies have a commitment to supply the vaccine.
Price Action:Sanofi shares closed nearly 0.3% higher at $49.74 on Thursday. On the same day, GlaxoSmithKline shares closed 0.34% higher at $37.97 and gained 0.21% in the after-hours session.
See Also:Bill Gates Says 6 COVID-19 Vaccines Likely To Get Regulatory Approval By Q1
See more from Benzinga
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• Veteran Insurer MassMutual Buys 0M Worth Bitcoin
• Cramer Says Time To Take Profit In These Electric Vehicle SPAC Stocks
© 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved....
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
33005.76, 32067.64, 32289.38, 32366.39, 32569.85, 30432.55, 33466.10, 34316.39, 34269.52, 33114.36
|
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['By Rodrigo Campos NEW YORK (Reuters) - A gauge of stocks across the world slipped from record highs on Friday and the dollar edged up against a basket of peers as weak economic data and underwhelming earnings drove investors to reverse some recent risky bets. Oil prices fell to end the week little changed and the dollar index posted its largest weekly drop in five weeks. Technology stocks weighed the most on the S&P 500, with IBM and Intel posting 10% and 9% declines, respectively, after underwhelming earnings. Energy stocks also fell on Wall Street, alongside the price of crude. With stock valuations nearing levels not seen in two decades, some market participants said new COVID-19 variants and hiccups in vaccine rollouts pose near-term risks for equities. "If we\'re forced to keep the economy closed and it takes longer than we want to get through immunizations and vaccinations for the coronavirus, that\'s going to be a little rougher on the market than people apparently anticipated," said Rob Haworth, senior investment strategist at U.S. Bank Wealth Management in Seattle. The Dow Jones Industrial Average fell 179.03 points, or 0.57%, to 30,996.98, the S&P 500 lost 11.6 points, or 0.30%, to 3,841.47 and the Nasdaq Composite added 12.15 points, or 0.09%, to 13,543.06. The three main U.S. indexes closed higher for the week, with the Nasdaq up over 4%. The recent gains have come in hand with expectations for a near $2 trillion stimulus package for the American economy. On Friday, President Joe Biden said the U.S. economic crisis was deepening and that the government needs to take major action now to help struggling Americans. The pan-European STOXX 600 index lost 0.57% on Friday after a survey showed economic activity in the euro zone shrank markedly in January, with the services sector weighed by lockdown restrictions to contain the coronavirus pandemic. MSCI\'s gauge of stocks across the globe shed 0.44%. Emerging market stocks lost 0.94%. MSCI\'s broadest index of Asia-Pacific shares outside Japan closed 0.85% lower, while Nikkei futures lost 0.23%. Story continues The dollar index rose 0.14%, with the euro up 0.03% to $1.2166, while sterling was last trading at $1.3683, down 0.36% on the day. The Japanese yen weakened 0.28% versus the greenback at 103.78 per dollar. Overnight data from Japan showed that factory activity slipped into contraction in January and the services sector was more pessimistic as emergency measures to combat a COVID-19 resurgence hit sentiment. In commodities, oil prices were weighed down by a build-up in U.S. crude inventories and by worries that new pandemic restrictions in China will curb fuel demand in the world\'s biggest oil importer. U.S. crude fell 1.94% to $52.10 per barrel and Brent was at $55.21, down 1.59% on the day. "The pandemic seems to continue to expand into a second wave in China, with infections rising by the day and reaching again different regions such as Shanghai," said Rystad Energy oil markets analyst Louise Dickson. Benchmark 10-year notes last rose 6/32 in price to yield 1.0872%, from 1.107% late on Thursday. Spot gold dropped 0.9% to $1,853.41 an ounce. Silver fell 1.98% to $25.43. Bitcoin last rose 9.06% to $33,610.83. (Reporting by Rodrigo Campos in New York; Additional reporting by Gertrude Chavez-Dreyfuss, Echo Wang, Herbert Lash and Laura Sanicola in New York; Editing by Chizu Nomiyama and Matthew Lewis)', 'By Rodrigo Campos NEW YORK (Reuters) - A gauge of stocks across the world slipped from record highs on Friday and the dollar edged up against a basket of peers as weak economic data and underwhelming earnings drove investors to reverse some recent risky bets. Oil prices fell to end the week little changed and the dollar index posted its largest weekly drop in five weeks. Technology stocks weighed the most on the S&P 500, with IBM and Intel posting 10% and 9% declines, respectively, after underwhelming earnings. Energy stocks also fell on Wall Street, alongside the price of crude. With stock valuations nearing levels not seen in two decades, some market participants said new COVID-19 variants and hiccups in vaccine rollouts pose near-term risks for equities. "If we\'re forced to keep the economy closed and it takes longer than we want to get through immunizations and vaccinations for the coronavirus, that\'s going to be a little rougher on the market than people apparently anticipated," said Rob Haworth, senior investment strategist at U.S. Bank Wealth Management in Seattle. The Dow Jones Industrial Average fell 179.03 points, or 0.57%, to 30,996.98, the S&P 500 lost 11.6 points, or 0.30%, to 3,841.47 and the Nasdaq Composite added 12.15 points, or 0.09%, to 13,543.06. The three main U.S. indexes closed higher for the week, with the Nasdaq up over 4%. The recent gains have come in hand with expectations for a near $2 trillion stimulus package for the American economy. On Friday, President Joe Biden said the U.S. economic crisis was deepening and that the government needs to take major action now to help struggling Americans. The pan-European STOXX 600 index lost 0.57% on Friday after a survey showed economic activity in the euro zone shrank markedly in January, with the services sector weighed by lockdown restrictions to contain the coronavirus pandemic. MSCI\'s gauge of stocks across the globe shed 0.44%. Emerging market stocks lost 0.94%. MSCI\'s broadest index of Asia-Pacific shares outside Japan closed 0.85% lower, while Nikkei futures lost 0.23%. Story continues The dollar index rose 0.14%, with the euro up 0.03% to $1.2166, while sterling was last trading at $1.3683, down 0.36% on the day. The Japanese yen weakened 0.28% versus the greenback at 103.78 per dollar. Overnight data from Japan showed that factory activity slipped into contraction in January and the services sector was more pessimistic as emergency measures to combat a COVID-19 resurgence hit sentiment. In commodities, oil prices were weighed down by a build-up in U.S. crude inventories and by worries that new pandemic restrictions in China will curb fuel demand in the world\'s biggest oil importer. U.S. crude fell 1.94% to $52.10 per barrel and Brent was at $55.21, down 1.59% on the day. "The pandemic seems to continue to expand into a second wave in China, with infections rising by the day and reaching again different regions such as Shanghai," said Rystad Energy oil markets analyst Louise Dickson. Benchmark 10-year notes last rose 6/32 in price to yield 1.0872%, from 1.107% late on Thursday. Spot gold dropped 0.9% to $1,853.41 an ounce. Silver fell 1.98% to $25.43. Bitcoin last rose 9.06% to $33,610.83. (Reporting by Rodrigo Campos in New York; Additional reporting by Gertrude Chavez-Dreyfuss, Echo Wang, Herbert Lash and Laura Sanicola in New York; Editing by Chizu Nomiyama and Matthew Lewis)', 'Bitcoin ended Thursday down 13%, posting its largest daily drop since the market crash of March 2020.\n• The leading cryptocurrency’s drop is “probably just a dip,” according to Techemy Capital trader Josh Olszewicz, who is not expecting a prolonged correction.\n• Bloomberg analyst Mike McGlone agreed, telling CoinDesk he could seebitcoin“probing for support and resistance within a mostly $30,000 to $40,000 range for awhile until embarking on the next leg of the stair-step rally.”\n• But Guggenheim’s CIO Scott Minerdthinksbitcoin maybe have topped temporarily, saying that a retrace to $20,000 is possible.\n• Significant selling over the past week on U.S.-based exchange Coinbase signals profit-taking by investors, per CoinDesk’s priorreporting, after bitcoin nearly tapped $42,000 earlier in January.\n• Leading alternate cryptocurrencies (altcoins) likeetherandchainlinkalso recorded double-digit percentage losses.\n• Thursday’s drop helped erase most of bitcoin’s yearly gains, with the cryptocurrency now up only 6% in 2021.\n• Bitcoin Price Sees Largest Daily Loss in 10 Months\n• Bitcoin Price Sees Largest Daily Loss in 10 Months\n• Bitcoin Price Sees Largest Daily Loss in 10 Months\n• Bitcoin Price Sees Largest Daily Loss in 10 Months', 'Bitcoin ended Thursday down 13%, posting its largest daily drop since the market crash of March 2020. The leading cryptocurrency\x92s drop is \x93probably just a dip,\x94 according to Techemy Capital trader Josh Olszewicz, who is not expecting a prolonged correction. Bloomberg analyst Mike McGlone agreed, telling CoinDesk he could see bitcoin \x93probing for support and resistance within a mostly $30,000 to $40,000 range for awhile until embarking on the next leg of the stair-step rally.\x94 But Guggenheim\x92s CIO Scott Minerd thinks bitcoin maybe have topped temporarily, saying that a retrace to $20,000 is possible. Significant selling over the past week on U.S.-based exchange Coinbase signals profit-taking by investors, per CoinDesk\x92s prior reporting , after bitcoin nearly tapped $42,000 earlier in January. Leading alternate cryptocurrencies (altcoins) like ether and chainlink also recorded double-digit percentage losses. Thursday\x92s drop helped erase most of bitcoin\x92s yearly gains, with the cryptocurrency now up only 6% in 2021. Related Stories Bitcoin Price Sees Largest Daily Loss in 10 Months Bitcoin Price Sees Largest Daily Loss in 10 Months Bitcoin Price Sees Largest Daily Loss in 10 Months Bitcoin Price Sees Largest Daily Loss in 10 Months', 'Bitcoin ended Thursday down 13%, posting its largest daily drop since the market crash of March 2020.\n• The leading cryptocurrency’s drop is “probably just a dip,” according to Techemy Capital trader Josh Olszewicz, who is not expecting a prolonged correction.\n• Bloomberg analyst Mike McGlone agreed, telling CoinDesk he could seebitcoin“probing for support and resistance within a mostly $30,000 to $40,000 range for awhile until embarking on the next leg of the stair-step rally.”\n• But Guggenheim’s CIO Scott Minerdthinksbitcoin maybe have topped temporarily, saying that a retrace to $20,000 is poss
**Last 60 Days of Bitcoin's Closing Prices:**
[18364.12, 19107.46, 18732.12, 17150.62, 17108.40, 17717.41, 18177.48, 19625.84, 18803.00, 19201.09, 19445.40, 18699.77, 19154.23, 19345.12, 19191.63, 18321.14, 18553.92, 18264.99, 18058.90, 18803.66, 19142.38, 19246.64, 19417.08, 21310.60, 22805.16, 23137.96, 23869.83, 23477.29, 22803.08, 23783.03, 23241.35, 23735.95, 24664.79, 26437.04, 26272.29, 27084.81, 27362.44, 28840.95, 29001.72, 29374.15, 32127.27, 32782.02, 31971.91, 33992.43, 36824.36, 39371.04, 40797.61, 40254.55, 38356.44, 35566.66, 33922.96, 37316.36, 39187.33, 36825.37, 36178.14, 35791.28, 36630.07, 36069.80, 35547.75, 30825.70]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2021-01-22
**Financial & Commodity Data:**
- Gold Closing Price: $1855.70
- Crude Oil Closing Price: $52.27
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $591,509,014,659
- Hash Rate: 145464845.4799862
- Transaction Count: 326935.0
- Unique Addresses: 783335.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.40
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: By Tina Bellon NEW YORK (Reuters) - As millions of people await their turn to get a COVID-19 vaccine that could be months away, scammers online, in emails and on messaging apps are luring victims with claims they can deliver shots within days for as little as $150. COVID-19 vaccine scams are on the rise, according to European and U.S. government officials who are warning the public of fraudsters out for money and personal data. A Reuters search online, in dark web forums and on messaging app Telegram found seven different offers for alleged COVID-19 vaccines. Related video: Concerns about COVID-19 vaccine scams Scams include emails promising entry to supposedly secret lists for early vaccine access and robocallers impersonating government agencies. Message boards on the so-called dark web have added COVID-19 vaccines to more traditional illicit goods for sale. The U.S. FBI and Interpol, among others, have warned of emerging pandemic-related fraud schemes, saying false cures and vaccines advertised on fake websites could pose cyber threats and a significant risk to peoples' health, or even lives. Website domains containing the word vaccine in combination with COVID-19 or coronavirus more than doubled since October to roughly 2,500 in November, when the first legitimate vaccines were nearing regulatory approval, according to cybersecurity firm Recorded Future, which is tracking COVID-19 fraud online. "So far a lot of these domains just appear to be opportunistic registrations, but some are going to be used for phishing attempts to have people click on (malicious) links," said Lindsay Kaye, director of operational outcomes at Recorded Future. Kaye said her team, which also scours the dark web, so far has not come across any legitimate vaccine diverted from healthcare facilities or national stockpiles. The scams are preying on concerns about the far slower-than-promised rollout of vaccines to protect against the virus that has claimed more than 1.8 million lives worldwide so far. Most people will likely have to wait well into the spring, or even summer, to get their shot. Story continues In the United States, only about 4.5 million people had received their first shot as of Monday, the U.S. Centers for Disease Control and Prevention reported. That is a fraction of the 20 million who were supposed to have been vaccinated by the end of 2020, according to earlier government forecasts. VACCINES, GUNS AND MONEY On dark web forum Agartha, fake COVID-19 vaccines were offered next to cocaine, opioid medication, "super high quality fake money," hand guns and gift cards. Posts showed stock photos of vaccines and offered vials for $500 and $1,000, or the equivalent in Bitcoin. On another dark web site, a seller claiming to be from the "Wuhan Institute of Science" offered COVID-19 vaccines in exchange for a donation, and asked buyers to provide their medical history. On Telegram, several channels claimed to offer COVID-19 vaccines, accompanied by stock images. One user offered supposed Moderna Inc vaccines for $180, and claimed the vaccine from Pfizer Inc and BioNTech SE could be had for $150 and AstraZeneca's for $110 per vial. Asked how the vaccines would be shipped, the account creator said they were transported in "regulated temperature packs" and ice packs within a few days, or overnight for an additional charge. Actual COVID-19 vaccines, particularly the Pfizer/BioNTech offering, must be temperature controlled to remain effective, with drugmakers equipping shipments with temperature trackers to ensure the cold chain. Vaccine shipments and distribution are also tightly controlled by officials and will be administered at no cost. The United States has so far authorized two COVID-19 vaccines for emergency use - the ones from Pfizer/BioNTech and Moderna. The European Union to date has authorized the Pfizer/BioNTech vaccine and is expected to clear the Moderna vaccine this week. The UK has already authorized those two and just added the vaccine developed by Oxford University with AstraZeneca. Asked about vaccine scams, Pfizer said it had taken meticulous steps to reduce the risk of counterfeiting and tracked trends very carefully. "Patients should never try to secure a vaccine online - no legitimate vaccine is sold online - and only get vaccinated at certified vaccination centers or by certified healthcare providers," a Pfizer spokesman said in a statement. Moderna referred a request for comment to the U.S. Department of Health and Human Services (HHS), which did not respond. AstraZeneca did not respond to a request for comment. The HHS, FBI and U.S. Department of Justice have urged the public to report any COVID-19 vaccine scams, including people asking for out-of-pocket payments for the vaccine and online vaccine advertisements....
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
32067.64, 32289.38, 32366.39, 32569.85, 30432.55, 33466.10, 34316.39, 34269.52, 33114.36, 33537.18
|
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Bitcoin , BTC to USD, rallied by 7.02% on Friday. Partially reversing Thursday’s 13.06% tumble, Bitcoin ended the day at $33,058.0. It was a bearish start to the day. Bitcoin slid to an early morning intraday low $28,989.0 before making a move. Coming within range of the first major support level at $28,840, Bitcoin rallied to a late intraday high $33,850.0. While falling short of the first major resistance level at $34,260, Bitcoin broke through the 23.6% FIB of $33,008. A late pullback saw Bitcoin fall back through the 23.6% FIB of $33,008 before wrapping up the day at $33,050 levels. The near-term bullish trend remained intact, in spite of the latest sell-off. For the bears, Bitcoin would need to slide through the 62% FIB of $18,504 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was a mixed day on Friday. Crypto.com Coin fell by 0.27% to buck the trend on the day. It was a particularly bullish day for the rest of the majors, however. Chainlink surged by 17.19% to lead the way, with Cardano’s ADA (+13.60%), and Ethereum (+11.07%) close behind. Binance Coin (+6.02%) and Litecoin (+6.26%) also made solid gains. Bitcoin Cash SV , (+2.42%), Polkadot (+0.25%) and Ripple’s XRP (+1.80%) trailed the front runners, however. In the current week, the crypto total market cap rose to a Tuesday high $1,080.72bn before sliding to an early Friday low $812.79bn. At the time of writing, the total market cap stood at $926.91bn. Bitcoin’s dominance rose to a Monday high 67.47% before falling to a Friday low 64.63%. At the time of writing, Bitcoin’s dominance stood at 65.20%. This Morning At the time of writing, Bitcoin was down by 1.28% to $32,634.0. A bearish start to the day saw Bitcoin fall from an early morning high $33,036.0 to a low $32,472.0. While leaving the major support and resistance levels untested, Bitcoin fell through the 23.6% FIB of $33,008. Elsewhere, it was a mixed start to the day. Bitcoin Cash SV and Ripple’s XRP were up by 0.76% and by 0.07% to buck the trend early on. Story continues It was a bearish start for the rest of the majors, however. At the time of writing, Binance Coin was down by 1.47% to lead the way down. For the Bitcoin Day Ahead Bitcoin would need to avoid a fall through the pivot level at $31,966 to bring the 23.6% FIB of $33,008 and the first major resistance level at $34,942 into play. Support from the broader market would be needed for Bitcoin to break out from Friday’s high $33,850.0. Barring an extended crypto rally, first major resistance level and resistance at $35,000 would likely cap any upside. In the event of an extended crypto rally, Bitcoin could test resistance at $37,000 before any pullback. The second major resistance level sits at $36,827. Failure to avoid a fall through the $31,966 pivot would bring the first major support level at $30,081 into play. Barring another extended crypto sell-off, Bitcoin should steer clear of sub-$28,000 levels and the 38.2% FIB of $27,465. The second major support level sits at $27,105. This article was originally posted on FX Empire More From FXEMPIRE: Silver Price Forecast -Silver Markets Bounce From 50 Day EMA Price of Gold Fundamental Daily Forecast – Mixed External Signals Keeping Lid on Prices The Crypto Daily – Movers and Shakers – January 23rd, 2021 Natural Gas Price Prediction – Prices Slip Despite Large Inventory Draw S&P 500 Weekly Price Forecast – Stock Markets Continue to Look Bullish Crude Oil Price Forecast – Crude Oil Markets Undulate on Friday', 'Bitcoin , BTC to USD, rallied by 7.02% on Friday. Partially reversing Thursday’s 13.06% tumble, Bitcoin ended the day at $33,058.0. It was a bearish start to the day. Bitcoin slid to an early morning intraday low $28,989.0 before making a move. Coming within range of the first major support level at $28,840, Bitcoin rallied to a late intraday high $33,850.0. While falling short of the first major resistance level at $34,260, Bitcoin broke through the 23.6% FIB of $33,008. A late pullback saw Bitcoin fall back through the 23.6% FIB of $33,008 before wrapping up the day at $33,050 levels. The near-term bullish trend remained intact, in spite of the latest sell-off. For the bears, Bitcoin would need to slide through the 62% FIB of $18,504 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was a mixed day on Friday. Crypto.com Coin fell by 0.27% to buck the trend on the day. It was a particularly bullish day for the rest of the majors, however. Chainlink surged by 17.19% to lead the way, with Cardano’s ADA (+13.60%), and Ethereum (+11.07%) close behind. Binance Coin (+6.02%) and Litecoin (+6.26%) also made solid gains. Bitcoin Cash SV , (+2.42%), Polkadot (+0.25%) and Ripple’s XRP (+1.80%) trailed the front runners, however. In the current week, the crypto total market cap rose to a Tuesday high $1,080.72bn before sliding to an early Friday low $812.79bn. At the time of writing, the total market cap stood at $926.91bn. Bitcoin’s dominance rose to a Monday high 67.47% before falling to a Friday low 64.63%. At the time of writing, Bitcoin’s dominance stood at 65.20%. This Morning At the time of writing, Bitcoin was down by 1.28% to $32,634.0. A bearish start to the day saw Bitcoin fall from an early morning high $33,036.0 to a low $32,472.0. While leaving the major support and resistance levels untested, Bitcoin fell through the 23.6% FIB of $33,008. Elsewhere, it was a mixed start to the day. Bitcoin Cash SV and Ripple’s XRP were up by 0.76% and by 0.07% to buck the trend early on. Story continues It was a bearish start for the rest of the majors, however. At the time of writing, Binance Coin was down by 1.47% to lead the way down. For the Bitcoin Day Ahead Bitcoin would need to avoid a fall through the pivot level at $31,966 to bring the 23.6% FIB of $33,008 and the first major resistance level at $34,942 into play. Support from the broader market would be needed for Bitcoin to break out from Friday’s high $33,850.0. Barring an extended crypto rally, first major resistance level and resistance at $35,000 would likely cap any upside. In the event of an extended crypto rally, Bitcoin could test resistance at $37,000 before any pullback. The second major resistance level sits at $36,827. Failure to avoid a fall through the $31,966 pivot would bring the first major support level at $30,081 into play. Barring another extended crypto sell-off, Bitcoin should steer clear of sub-$28,000 levels and the 38.2% FIB of $27,465. The second major support level sits at $27,105. This article was originally posted on FX Empire More From FXEMPIRE: Silver Price Forecast -Silver Markets Bounce From 50 Day EMA Price of Gold Fundamental Daily Forecast – Mixed External Signals Keeping Lid on Prices The Crypto Daily – Movers and Shakers – January 23rd, 2021 Natural Gas Price Prediction – Prices Slip Despite Large Inventory Draw S&P 500 Weekly Price Forecast – Stock Markets Continue to Look Bullish Crude Oil Price Forecast – Crude Oil Markets Undulate on Friday', 'Donald Trump \x92s reelection campaign paid more than $2.7 million over two years to businesses and individuals that organized the rally in Washington which sparked the deadly storming of the U.S. Capitol earlier this month, according to campaign finance records. The startling payments were tallied by the Center for Responsive Politics in a report issued Friday. The Associated Press first revealed some of the payments last week, along with the critical involvement of Trump campaign money and actors in the event that instigated the Capitol riot, which claimed five lives, including that of a U.S. Capitol Police officer. The center warned that the full extent of involvement by the Trump campaign and supporters may never be known because of dark money hidden in shell companies. Eight paid Trump campaign officials were listed on the permit issued by the National Park Service for the rally, according to records. One of them, Maggie Mulvaney \x97 the niece of Trump\x92s former chief of staff Mick Mulvaney \x97 was paid $138,000 by the campaign through Nov. 23, which is the latest date covered by the most recent required campaign finance filings. She was listed on the permit as the \x93VIP lead\x94 for the rally and worked as the Trump campaign\x92s \x93director of finance operations .\x94 Mick Mulvaney , who had become the special envoy to Northern Ireland, said he left the Trump administration this month in protest against the attack on the Capitol. \x93I was shocked, I was angered, I was sad, I was embarrassed,\x94 Mulvaney told Fox News host Chris Wallace, who pressed him on his responsibility for enabling Trump . Event Strategies Inc. got the lion\x92s share of payments \x97 $1.7 million from the Trump campaign and a joint fundraising committee, according to records. Company owners \x97 Justin Caporale, the Trump campaign\x92s advance director, and Tim Unes \x97 were identified on the permit as rally production and stage managers. Event Strategies also received $2.1 million from the Trump-affiliated dark money group America First Policies from 2018 to 2019, according to the Center for Responsive Politics. Story continues On Jan. 6, Trump urged his supporters in a speech at the rally to go to the Capitol, and \x93fight\x94 to seize the election . \x93You\x92ll never take back our country with weakness,\x94 he exhorted. \x93You have to show strength, and you have to be strong.\x94 Trump\x92s personal attorney Rudy Giuliani said in his rally speech concerning the battle to overturn the election of Joe Biden : \x93 Let\x92s have trial by combat !\x94 Among others listed on the permit for that rally was Megan Powers, who worked as director of operations of the Trump campaign as recently as this month, according to her LinkedIn profile. She was paid $290,000 by the campaign from February 2019 through Nov. 23, according to the finance filings. She was listed on the rally permit a
**Last 60 Days of Bitcoin's Closing Prices:**
[19107.46, 18732.12, 17150.62, 17108.40, 17717.41, 18177.48, 19625.84, 18803.00, 19201.09, 19445.40, 18699.77, 19154.23, 19345.12, 19191.63, 18321.14, 18553.92, 18264.99, 18058.90, 18803.66, 19142.38, 19246.64, 19417.08, 21310.60, 22805.16, 23137.96, 23869.83, 23477.29, 22803.08, 23783.03, 23241.35, 23735.95, 24664.79, 26437.04, 26272.29, 27084.81, 27362.44, 28840.95, 29001.72, 29374.15, 32127.27, 32782.02, 31971.91, 33992.43, 36824.36, 39371.04, 40797.61, 40254.55, 38356.44, 35566.66, 33922.96, 37316.36, 39187.33, 36825.37, 36178.14, 35791.28, 36630.07, 36069.80, 35547.75, 30825.70, 33005.76]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2021-01-23
**Financial & Commodity Data:**
- Gold Closing Price: $1855.70
- Crude Oil Closing Price: $52.27
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $591,509,014,659
- Hash Rate: 159781151.23197326
- Transaction Count: 305209.0
- Unique Addresses: 710703.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.74
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: SAN FRANCISCO, CA / ACCESSWIRE / December 3, 2020 / Leading cryptocurrency exchange bitFlyer reports a spike in new registrations and trading volume as Bitcoin's price hits an all-time-high (ATH) and momentum in the market continues to build up. The global exchange, licensed in Japan, Europe, and the United States, saw a 3x increase in new account registrations last week, suggesting a rising demand for cryptocurrencies. Additionally, November 2020 saw bitFlyer post its highest volume month of the year, amounting to $77 billion in total trading volume globally, most of which flowed to BTC markets. Also, their BTC/USD market saw its highest volume week in 2020. This spike follows bitFlyer USA's launch of the lowest fee structure in the US market earlier in the month. At the time of writing, bitFlyer currently sits at the top of the Bitcoin trading volume rankings when combining global spot and derivative volume, according to Coinhills. Bitcoin Trading Volume Rankings on December 2, 2020. Source: Coinhills . Commenting on Bitcoin's new ATH, bitFlyer USA COO Joel Edgerton said: "The price rise was affected by several factors. Listed companies such as Square and MicroStrategy are buying Bitcoin to park their cash as a hedge against inflation due to the massive and ongoing global monetary easing as a result of COVID-19. PayPal launched its cryptocurrency services in the US which released significant retail demand. Lastly, there are increasing numbers of institutional clients becoming active in the market." "During the all-time high at the end of 2017, the price of Bitcoin reached over $19,700 led by retail investors in Asia, particularly in Japan. This time around, it is led by the US with a noticeable contribution from institutional investors. Grayscale, the cryptocurrency trust fund provider, is managing an estimated $10.4 billion as of November of this year. Whereas, in 2017 we saw speculative short-term investments, we're now seeing long-term hedge investments similar to gold." Story continues Launched in San Francisco in 2017, bitFlyer USA is now licensed to operate in 48 states and territories, including New York. bitFlyer, Inc. was established in Tokyo in 2014 and has been Japan's largest exchange by volume for several years, attracting millions of customers from countries around the globe. About bitFlyer, Inc. bitFlyer was established in 2014 with the mission of simplifying the world with blockchain. Based in Tokyo, Japan, bitFlyer brings top-class security on a global scale and holds the #1 position as the exchange with the highest trading volume in Japan, with over 2.5 million customers globally. bitFlyer is also the only cryptocurrency exchange licensed to operate in Japan, the US, and the EU. Site: https://bitflyer.com/en-jp/ About bitFlyer USA, Inc. bitFlyer USA, Inc. is a wholly-owned subsidiary of bitFlyer Holdings., a leading Bitcoin and blockchain company based in Japan. The US office is located in San Francisco and operates an exchange platform for US residents to buy and sell cryptocurrencies. Launched in the U.S. in 2017, bitFlyer USA currently operates in 48 states and territories, including New York as a holder of the New York BitLicense. Site: https://bitflyer.com/en-us/ About bitFlyer EUROPE S.A. bitFlyer EUROPE S.A. is a wholly-owned subsidiary of bitFlyer Holdings, The European office is located in Luxembourg and operates an exchange platform for European residents to buy and sell cryptocurrencies. Site: https://bitflyer.com/en-eu/ Dan Edelstein [email protected] +972-545-464-238 SOURCE: bitFlyer View source version on accesswire.com: https://www.accesswire.com/619341/bitFlyer-Sees-3x-Increase-in-Registrations-and-Highest-Volume-Month-in-2020-As-Bitcoin-Hits-ATH...
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
32289.38, 32366.39, 32569.85, 30432.55, 33466.10, 34316.39, 34269.52, 33114.36, 33537.18, 35510.29
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Bitcoin, BTC to USD, fell by 2.81% on Saturday. Partially reversing a 7.02% rally from Friday, Bitcoin ended the day at $32,099.0.\nIt was a mixed start to the day. Bitcoin fell to an early morning low $32,138.0 before making a move.\nThe early pullback saw Bitcoin fall through the 23.6% FIB of $33,008.\nSteering clear of the major support levels, however, Bitcoin rose to a mid-morning intraday high $33,554.0.\nBitcoin broke back through the 23.6% FIB before hitting reverse.\nFalling short of the first major resistance level at $34,942, Bitcoin slid to an early afternoon intraday low $31,439.4.\nBitcoin fell back through the 23.6% FIB, while steering clear of the first major support level at $30,081.\nFinding support late in the day, Bitcoin briefly revisited $32,500 levels before easing back.\nThe near-term bullish trend remained intact, in spite of the latest sell-off. For the bears, Bitcoin would need to slide through the 62% FIB of $18,504 to form a near-term bearish trend.\nAcross the rest of the majors, it was a mixed day on Saturday.\nChainlinkand Polkadot jumped by 14.87% and by 12.53% respectively to lead the way.\nBinance Coin(+0.09%),Ethereum(+0.09%), andLitecoin(+0.01%) also ended the day in the green.\nIt was a bearish day for the rest of the majors, however.\nBitcoin Cash SVslid by 4.55% to lead the way down.\nCardano’s ADA(-0.90%),Crypto.com Coin(-2.72%), andRipple’s XRP(-0.12%) also joined Bitcoin in the red.\nIn the current week, the crypto total market cap rose to a Tuesday high $1,080.72bn before sliding to an early Saturday low $812.79bn. At the time of writing, the total market cap stood at $919.19bn.\nBitcoin’s dominance rose to a Monday high 67.47% before falling to a Saturday low 64.14%. At the time of writing, Bitcoin’s dominance stood at 64.33%.\nAt the time of writing, Bitcoin was down by 0.88% to $31,815.0. A bearish start to the day saw Bitcoin fall from an early morning high $32,099.0 to a low $31,709.0.\nBitcoin left the major support and resistance levels untested early on.\nElsewhere, it was a mixed start to the day.\nBitcoin Cash SV and Crypto.com Coin bucked the trend early on, with gains of 1.59% and 0.84% respectively.\nIt was a bearish start for the rest of the majors, however.\nAt the time of writing, Chainlink was down by 0.97% to lead the way down.\nBitcoin would need to move through the pivot level at $32,364 to bring the 23.6% FIB of $33,008 and the first major resistance level at $33,289 into play.\nSupport from the broader market would be needed for Bitcoin to break back through to $33,000 levels.\nBarring an extended crypto rally, the 23.6% FIB and the first major resistance level would likely cap any upside.\nIn the event of an extended crypto rally, Bitcoin could test resistance at $35,000 before any pullback. The second major resistance level sits at $34,479.\nFailure to move through the $32,364 pivot would bring the first major support level at $31,174 into play.\nBarring an extended crypto sell-off, Bitcoin should steer clear of sub-$30,000 levels. The second major support level at $30,250 should limit the downside.\nThisarticlewas originally posted on FX Empire\n• European Equities: A Week in Review – 22/01/21\n• S&P 500 Weekly Price Forecast – Stock Markets Continue to Look Bullish\n• Gold Weekly Price Forecast – Gold Markets Show Support\n• S&P 500 Price Forecast – Stock Markets Continue to Show Demand\n• Silver Weekly Price Forecast – Silver Has Been All Over the Place\n• US Stock Market Overview – Stocks Close Mixed but Finish the Week in the Black', 'Bitcoin , BTC to USD, fell by 2.81% on Saturday. Partially reversing a 7.02% rally from Friday, Bitcoin ended the day at $32,099.0. It was a mixed start to the day. Bitcoin fell to an early morning low $32,138.0 before making a move. The early pullback saw Bitcoin fall through the 23.6% FIB of $33,008. Steering clear of the major support levels, however, Bitcoin rose to a mid-morning intraday high $33,554.0. Bitcoin broke back through the 23.6% FIB before hitting reverse. Falling short of the first major resistance level at $34,942, Bitcoin slid to an early afternoon intraday low $31,439.4. Bitcoin fell back through the 23.6% FIB, while steering clear of the first major support level at $30,081. Finding support late in the day, Bitcoin briefly revisited $32,500 levels before easing back. The near-term bullish trend remained intact, in spite of the latest sell-off. For the bears, Bitcoin would need to slide through the 62% FIB of $18,504 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was a mixed day on Saturday. Chainlink and Polkadot jumped by 14.87% and by 12.53% respectively to lead the way. Binance Coin (+0.09%), Ethereum (+0.09%), and Litecoin (+0.01%) also ended the day in the green. It was a bearish day for the rest of the majors, however. Bitcoin Cash SV slid by 4.55% to lead the way down. Cardano’s ADA (-0.90%), Crypto.com Coin (-2.72%), and Ripple’s XRP (-0.12%) also joined Bitcoin in the red. In the current week, the crypto total market cap rose to a Tuesday high $1,080.72bn before sliding to an early Saturday low $812.79bn. At the time of writing, the total market cap stood at $919.19bn. Bitcoin’s dominance rose to a Monday high 67.47% before falling to a Saturday low 64.14%. At the time of writing, Bitcoin’s dominance stood at 64.33%. This Morning At the time of writing, Bitcoin was down by 0.88% to $31,815.0. A bearish start to the day saw Bitcoin fall from an early morning high $32,099.0 to a low $31,709.0. Story continues Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was a mixed start to the day. Bitcoin Cash SV and Crypto.com Coin bucked the trend early on, with gains of 1.59% and 0.84% respectively. It was a bearish start for the rest of the majors, however. At the time of writing, Chainlink was down by 0.97% to lead the way down. For the Bitcoin Day Ahead Bitcoin would need to move through the pivot level at $32,364 to bring the 23.6% FIB of $33,008 and the first major resistance level at $33,289 into play. Support from the broader market would be needed for Bitcoin to break back through to $33,000 levels. Barring an extended crypto rally, the 23.6% FIB and the first major resistance level would likely cap any upside. In the event of an extended crypto rally, Bitcoin could test resistance at $35,000 before any pullback. The second major resistance level sits at $34,479. Failure to move through the $32,364 pivot would bring the first major support level at $31,174 into play. Barring an extended crypto sell-off, Bitcoin should steer clear of sub-$30,000 levels. The second major support level at $30,250 should limit the downside. This article was originally posted on FX Empire More From FXEMPIRE: European Equities: A Week in Review – 22/01/21 S&P 500 Weekly Price Forecast – Stock Markets Continue to Look Bullish Gold Weekly Price Forecast – Gold Markets Show Support S&P 500 Price Forecast – Stock Markets Continue to Show Demand Silver Weekly Price Forecast – Silver Has Been All Over the Place US Stock Market Overview – Stocks Close Mixed but Finish the Week in the Black', 'In this article we talked about Cathie Wood\'s recent comments about money supply, inflation, interest rates, bitcoin and present Wood\'s top 10 small-cap stock picks. Click to skip ahead our lengthy discussion and seeCathie Wood\'s Top 5 Small-Cap Stock Picks.\n"The year has certainly started off in a wild way." ARK Investment Management\'s CEO, Cathie Wood, said that for this year, she will be focusing on capital gains, tax rates and the corporate tax rates following the sweep of the democrats into both the house and the senate. "I think they will go up and that will not be good," said Wood talking about the taxes in a market update webinar of ARK Invest.\nAs of today, Wood stated that the market seems to be focusing on the odds that America will have at least another trillion dollars of stimulus and that the bull market is already broadening up. "I can say I was wrong about what I believe the impact on the stock market was going to be in the short term," she admitted while saying that they were correct however about their assumptions on the V-shaped recovery that is caused by the wobbles of the resurgence in the coronavirus\' infection and fatality rates. "The bull market is broadening out with cyclicals joining the party and actually, we\'re very gratified to see that," she stated.\nHoroscope/Shutterstock.com\n"We think we\'re in a very strong recovery on balance with the occasional wobble as we negotiate the coronavirus. We think there could be an earnings explosion". Wood marked that they are already noticing the surprises relative to their expectations and she emphasized that these were the \'biggest surprises\' she has ever seen in her entire career.\nJust last year, the S&P 500 delivered $100 in earnings on average, and with the momentum that the market has today, accordingly, it could achieve up to $200 earnings at the end of 2021.\nThe treasury yields in the final week of 2020 were breaking out above 1%, and that represents the 10-year treasury bond yield. "Most bond observers and investors I think, have been surprised at the power of the move through 1%. This seems to be breaking a long-term trend that many thought would not be broken for quite some time," she stated, explaining that this belief is due to the Fed\'s current monetary stance. One of the facts here is that the treasury bond yield is moving very rapidly through a key resistance point from the bond investors\' point of view that kept them wondering what could possibly be the reasons for it. Cathie Wood marked that this unusual move in the capital markets left the people confused because the valuations have gone too far and the long-term interest rates are also moving up which tends to be a dampener on the valuations. "Certainly, 1% does not sound like a high number b
**Last 60 Days of Bitcoin's Closing Prices:**
[18732.12, 17150.62, 17108.40, 17717.41, 18177.48, 19625.84, 18803.00, 19201.09, 19445.40, 18699.77, 19154.23, 19345.12, 19191.63, 18321.14, 18553.92, 18264.99, 18058.90, 18803.66, 19142.38, 19246.64, 19417.08, 21310.60, 22805.16, 23137.96, 23869.83, 23477.29, 22803.08, 23783.03, 23241.35, 23735.95, 24664.79, 26437.04, 26272.29, 27084.81, 27362.44, 28840.95, 29001.72, 29374.15, 32127.27, 32782.02, 31971.91, 33992.43, 36824.36, 39371.04, 40797.61, 40254.55, 38356.44, 35566.66, 33922.96, 37316.36, 39187.33, 36825.37, 36178.14, 35791.28, 36630.07, 36069.80, 35547.75, 30825.70, 33005.76, 32067.64]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2021-01-24
**Financial & Commodity Data:**
- Gold Closing Price: $1855.70
- Crude Oil Closing Price: $52.27
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $593,749,322,862
- Hash Rate: 143884925.38771522
- Transaction Count: 253971.0
- Unique Addresses: 608849.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.70
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: TORONTO, ON / ACCESSWIRE / January 11, 2021 / Rhotex ( www.rhotex.com ) has officially launched 3 miner cases configured with an in-built factory cooling system to ensure 100% efficiency as the chips generate heat. From Rhotex, this first of its kind innovation designed by seasoned crypto industry experts provides an environmentally responsible solution to today's challenges with the traditional miners by consuming lesser power supply compared to the output performance. Rhotex currently offers a range of products in their new offer: RHO Lite, RHO Pro, and RHO Rack which comes with incredible features such as low power consumption, high-performance output, Wi-Fi/ Ethernet connection, easy setup and productive compatibility with various blockchain options. These combined with its inbuilt cooling system increases expected hash rate conversion hence giving it an edge in the industry. All products in the RHO series were painstakingly analyzed and tried under intense conditions. Rhotex Inc.'s algorithm solutions integrate world-class hardware and software technologies for edge and cloud-to-edge enterprise solutions and mines Bitcoin, Bitcoin Cash, Ethereum, Litecoin and Dash at high levels in remarkable time. Hash rate powers in the series include: RHO Lite: 1000 TH/s - Bitcoin, 5 GH/s - Ethereum RHO Pro: 1800 TH/s - Bitcoin, 10 GH/s - Ethereum and RHO Rack: 4100 TH/s - Bitcoin, 20 GH/s - Ethereum. Roberts Evans, CEO for Rhotex Inc. in a statement says the RHO series is an easy to use miner that optimizes energy efficiency while providing maximum output. "It's our way of contributing our quota to a green environment by creating an eco-friendly design with an in-built cooling system that has very low carbon emission. This is the first of its kind. We are very delighted by the opportunities this innovation offers," he further added. To access the wide range of products on offer and learn more about Rhotex visit www.rhotex.com . Story continues About Rhotex: Rhotex Inc. is the company behind the RHO Miner series which are eco-friendly high-quality cryptocurrency miners with an in-built cooling system that delivers extremely high hash power with low energy consumption. Their partners include Equinix, Avenga, Etiya, Altiostar, and many more. Headquartered in Toronto Canada, the company currently has facilities in Australia. Contact Information: Rhotex Inc. Torrie Fontan 747-216-1067 SOURCE: Rhotex Inc View source version on accesswire.com: https://www.accesswire.com/623767/Rhotex-Inc-Launches-Environmentally-Sound-Options-to-Crypto-Mining...
- Reddit Posts (Sample): [['u/GGDD-MMEE', 'Michael Saylor sponsoring conference: Bitcoin for Corporations', 134, '2021-01-24 00:24', 'https://www.reddit.com/r/Bitcoin/comments/l3n8ar/michael_saylor_sponsoring_conference_bitcoin_for/', 'Came across the link on youtube when interviewed by CNBC (Michael Chad Saylor buys the dip). He said thousands of participants from corps and will be providing his playbook. The link is to Microstrategy website listing event content and sponsors. Probably watch youtube first for context of conference.[Bitcoin For Corporations](https://www.microstrategy.com/en/resources/events/world-2021/bitcoin-summit)', 'https://www.reddit.com/r/Bitcoin/comments/l3n8ar/michael_saylor_sponsoring_conference_bitcoin_for/', 'l3n8ar', [['u/nibbl0r', 33, '2021-01-24 01:20', 'https://www.reddit.com/r/Bitcoin/comments/l3n8ar/michael_saylor_sponsoring_conference_bitcoin_for/gkgxzwl/', 'Caught my eye, too. He also promised to publish his playbook with all the legal details on how to acquire Bitcoin as publicly traded company as open source. Very much in his own interest to push Bitcoin now, but good in any case.', 'l3n8ar']]], ['u/NCF29YT', 'That’s it! I’m selling my stocks and cashing out to my bank account!', 11, '2021-01-24 00:36', 'https://www.reddit.com/r/CashApp/comments/l3ng92/thats_it_im_selling_my_stocks_and_cashing_out_to/', 'Once it’s Monday, I’m going to sell my stock and move the money to my bank account and use another platform. Either Robinhood or WeBull.\n\nTheir selections for stocks are VERY VERY limited, unlike WeBull and Robinhood. Their crypto is JUST BTC. I’m worried because of MY security with the money, and I should be safe in another platform.\n\nI suggest anyone beginning to invest to invest somewhere else that isn’t CashApp. You just might be lurking to darkness. Use CashApp for SMALL purchases...\n\nStock market is open Monday 9:30 AM. I’m selling and I’m not using CashApp for other purposes except small purchases.', 'https://www.reddit.com/r/CashApp/comments/l3ng92/thats_it_im_selling_my_stocks_and_cashing_out_to/', 'l3ng92', [['u/callmepackman', 12, '2021-01-24 01:20', 'https://www.reddit.com/r/CashApp/comments/l3ng92/thats_it_im_selling_my_stocks_and_cashing_out_to/gkgy2ca/', 'Try TD ameritrade for stocks, and coinbase for crypto 🙏🏼👌🏼🚀', 'l3ng92']]], ['u/passionsnet', "Passions Network's network of 260+ Niche Online Dating Sites is now accepting payment via Ethereum and Bitcoin", 128, '2021-01-24 00:56', 'https://www.reddit.com/r/ethereum/comments/l3ntvk/passions_networks_network_of_260_niche_online/', "This forum is directly responsible for our company setting up a payment option using Coinbase as the cryptocurrency payment processor. \n\nAfter reading (here) about another company running payments through Coinbase, we set everything up in a matter of hours. (We had no idea it was so easy or we would have done this a year ago.)\n\nWhile individual sites within our network of dating sites are free, there is a one-time-only 'Network Wide' upgrade fee to access the entire network of sites. While this has been the case for years, we only just now expanded the payment options to include ETH and/or BTC. \n\nOur guess is that most online dating sites will begin accepting cryptocurrency payments in the very near future. If they don't, they just don't understand it.\n\n&#x200B;\n\n[ \\[Image by WorldSpectrum from Pixabay\\]](https://preview.redd.it/71mjl0k476d61.jpg?width=1920&format=pjpg&auto=webp&s=9207f89337cc13ce3d38ba9c7993b6f48391dac9)", 'https://www.reddit.com/r/ethereum/comments/l3ntvk/passions_networks_network_of_260_niche_online/', 'l3ntvk', [['u/Follow_youre_heart', 49, '2021-01-24 02:00', 'https://www.reddit.com/r/ethereum/comments/l3ntvk/passions_networks_network_of_260_niche_online/gkh3oc2/', 'YieldFarmersOnly', 'l3ntvk'], ['u/insert1wittyname', 10, '2021-01-24 04:30', 'https://www.reddit.com/r/ethereum/comments/l3ntvk/passions_networks_network_of_260_niche_online/gkhmm6s/', "There's no point in trying to top this.", 'l3ntvk'], ['u/randomnomber', 11, '2021-01-24 05:29', 'https://www.reddit.com/r/ethereum/comments/l3ntvk/passions_networks_network_of_260_niche_online/gkhshq8/', "how many gf's does 1 ETH get me?", 'l3ntvk']]], ['u/Madddoge', 'BCH vs BTC, transactions rate is rising, transaction volume is rising, i will only be a matter of time before price rise. Won’t happen overnight, but it will happen', 52, '2021-01-24 01:56', 'https://www.reddit.com/r/btc/comments/l3oxaj/bch_vs_btc_transactions_rate_is_rising/', 'Sooner or later, maybe 3 weeks, 3 months or 3 years. Institutions will realise BCH has the same value and users volume as BTC. This is when price and hashrate will rise accordingly.', 'https://www.reddit.com/r/btc/comments/l3oxaj/bch_vs_btc_transactions_rate_is_rising/', 'l3oxaj', [['u/1MightBeAPenguin', 18, '2021-01-24 02:04', 'https://www.reddit.com/r/btc/comments/l3oxaj/bch_vs_btc_transactions_rate_is_rising/gkh4b04/', "Most institutions are ignorant about the topic of Bitcoin as much as maxis would like to believe they're intelligent. Even as an investor, Tim Draper, who regularly talks about how great Bitcoin is doesn't know all that much about it.", 'l3oxaj'], ['u/Outside_Town_984', 26, '2021-01-24 02:21', 'https://www.reddit.com/r/btc/comments/l3oxaj/bch_vs_btc_transactions_rate_is_rising/gkh6hok/', "BCH is a rocket waiting to take off, we just don't know how soon.", 'l3oxaj']]], ['u/prostockadvice', 'My Current Watchlist and Price Targets.', 53, '2021-01-24 02:27', 'https://www.reddit.com/r/Stock_Picks/comments/l3pg98/my_current_watchlist_and_price_targets/', '**AMD**\n\nTarget Price: $100\n\nEntry: $90\n\nRisk: 2\n\nTimeframe: 4 weeks\n\n**PFE**\n\nTarget Price: $44\n\nEntry: $35\n\nRisk: 2\n\nTimeframe: 4-8 weeks\n\n**BTC**\n\nTarget Price: $40,000\n\nEntry: $30,000\n\nRisk: 4.5\n\nTimeframe: 2-4 weeks\n\n**PLTR**\n\nTarget Price: $34\n\nEntry: $25\n\nRisk: 4\n\nTimeframe: 3-4 weeks\n\n**TRXC**\n\nTarget Price: $5\n\nEntry: $2\n\nRisk: 5\n\nTimeframe: 2-4 months\n\n**CAT**\n\nTarget Price: $225\n\nEntry: <$187\n\nRisk: 3\n\nTimeframe: 2-4 months\n\n**SBE**\n\nTarget Price: $50\n\nEntry: <$40\n\nRisk: 4.5\n\nTimeframe: 2-4 weeks\n\n**XPEV**\n\nTarget Price: $80\n\nEntry: $49\n\nRisk: 4\n\nTimeframe: 3-5 months', 'https://www.reddit.com/r/Stock_Picks/comments/l3pg98/my_current_watchlist_and_price_targets/', 'l3pg98', [['u/LCCfish', 17, '2021-01-24 03:31', 'https://www.reddit.com/r/Stock_Picks/comments/l3pg98/my_current_watchlist_and_price_targets/gkhfipa/', 'You forgot GME to 500$ in 2 weeks', 'l3pg98'], ['u/chaosbutters', 12, '2021-01-24 03:35', 'https://www.reddit.com/r/Stock_Picks/comments/l3pg98/my_current_watchlist_and_price_targets/gkhg4oh/', 'This guy WSBs 😂', 'l3pg98']]], ['u/cmack', 'Janet Yellen Clarifies Her Stance on Crypto', 113, '2021-01-24 03:34', 'https://www.reddit.com/r/Stellar/comments/l3ql6s/janet_yellen_clarifies_her_stance_on_crypto/', '[https://news.bitcoin.com/janet-yellen-bitcoin-cryptocurrency-regulation/](https://news.bitcoin.com/janet-yellen-bitcoin-cryptocurrency-regulation/)\n\nYellen replied: "I think it important we consider the benefits of cryptocurrencies and other digital assets, and the potential they have to improve the efficiency of the financial system."\n\n[https://stellar.org/learn/stellar-for-remittances](https://stellar.org/learn/stellar-for-remittances) \n[https://www.stellar.org/learn/anchor-basics](https://www.stellar.org/learn/anchor-basics) \n', 'https://www.reddit.com/r/Stellar/comments/l3ql6s/janet_yellen_clarifies_her_stance_on_crypto/', 'l3ql6s', [['u/lomosaur', 46, '2021-01-24 05:23', 'https://www.reddit.com/r/Stellar/comments/l3ql6s/janet_yellen_clarifies_her_stance_on_crypto/gkhrurz/', 'Crypto got lobbyists now sucka', 'l3ql6s'], ['u/superwonton', 12, '2021-01-24 08:31', 'https://www.reddit.com/r/Stellar/comments/l3ql6s/janet_yellen_clarifies_her_stance_on_crypto/gkibyn8/', 'Yellen bought the dip', 'l3ql6s'], ['u/stumoores', 38, '2021-01-24 09:34', 'https://www.reddit.com/r/Stellar/comments/l3ql6s/janet_yellen_clarifies_her_stance_on_crypto/gkilrxx/', 'Bankers fucked the world on 2008. Let’s not forget that. Redditors led the charge in the fight back in 2021. Let’s rejoice in that !', 'l3ql6s'], ['u/djaybe', 24, '2021-01-24 12:11', 'https://www.reddit.com/r/Stellar/comments/l3ql6s/janet_yellen_clarifies_her_stance_on_crypto/gkjajz7/', 'Bankers fucked the world in 1913. let’s not forget that.', 'l3ql6s'], ['u/Duke-Kickass', 19, '2021-01-24 15:11', 'https://www.reddit.com/r/Stellar/comments/l3ql6s/janet_yellen_clarifies_her_stance_on_crypto/gkkijb3/', 'Jefferey Epstein did not kill himself. Let’s not forget that.', 'l3ql6s'], ['u/DarthLysergis', 12, '2021-01-24 16:17', 'https://www.reddit.com/r/Stellar/comments/l3ql6s/janet_yellen_clarifies_her_stance_on_crypto/gkkzdt5/', 'The Alamo, lets not forget that', 'l3ql6s']]], ['u/Hnel11', 'How long will you hold bitcoin for?', 27, '2021-01-24 03:47', 'https://www.reddit.com/r/Bitcoin/comments/l3qt68/how_long_will_you_hold_bitcoin_for/', 'Im looking at a 10 to 15 year time frame and hopefully retire in my 40s. But I hold less than 1 btc, so maybe 20 years realistically.', 'https://www.reddit.com/r/Bitcoin/comments/l3qt68/how_long_will_you_hold_bitcoin_for/', 'l3qt68', [['u/cheese4brains', 56, '2021-01-24 04:13', 'https://www.reddit.com/r/Bitcoin/comments/l3qt68/how_long_will_you_hold_bitcoin_for/gkhksye/', 'However long it takes for science to figure out how to unfreeze me.', 'l3qt68'], ['u/Fosforus', 53, '2021-01-24 04:22', 'https://www.reddit.com/r/Bitcoin/comments/l3qt68/how_long_will_you_hold_bitcoin_for/gkhlqr4/', "That's some next-level cold storage right there.", 'l3qt68'], ['u/121310', 11, '2021-01-24 04:25', 'https://www.reddit.com/r/Bitcoin/comments/l3qt68/how_long_will_you_hold_bitcoin_for/gkhm3gb/', 'Its like asking people how long they will be holding their invested savings. \n\nThe question might rather be what are you saving for?', 'l3qt6...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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32366.39, 32569.85, 30432.55, 33466.10, 34316.39, 34269.52, 33114.36, 33537.18, 35510.29, 37472.09
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['The price of ether (ETH), the native cryptocurrency of the Ethereum blockchain network, soared to record levels on Sunday.\n• Prices hit $1,454.32 – topping the previous all-time high of $1,439.33 set only last week – before settling back to $1,447.77, up more than 17% in the last 24 hours.\n• WhileETHhas trailed its larger cryptocurrency sibling,bitcoin(BTC), in its journey to new lifetime highs, it has outpaced the top cryptocurrency on a year-to-date basis with an 88% increase. BTC has risen 10.98% so far this year.\n• Ethereum’s Ether Cryptocurrency Sets New All-Time Price High Above $1,450\n• Ethereum’s Ether Cryptocurrency Sets New All-Time Price High Above $1,450\n• Ethereum’s Ether Cryptocurrency Sets New All-Time Price High Above $1,450\n• Ethereum’s Ether Cryptocurrency Sets New All-Time Price High Above $1,450', 'The price of ether (ETH), the native cryptocurrency of the Ethereum blockchain network, soared to record levels on Sunday. Prices hit $1,454.32 \x96 topping the previous all-time high of $1,439.33 set only last week \x96 before settling back to $1,447.77, up more than 17% in the last 24 hours. While ETH has trailed its larger cryptocurrency sibling, bitcoin (BTC), in its journey to new lifetime highs, it has outpaced the top cryptocurrency on a year-to-date basis with an 88% increase. BTC has risen 10.98% so far this year. Related Stories Ethereum\x92s Ether Cryptocurrency Sets New All-Time Price High Above $1,450 Ethereum\x92s Ether Cryptocurrency Sets New All-Time Price High Above $1,450 Ethereum\x92s Ether Cryptocurrency Sets New All-Time Price High Above $1,450 Ethereum\x92s Ether Cryptocurrency Sets New All-Time Price High Above $1,450 View comments', 'Bitcoin , BTC to USD, rose by 0.69% on Sunday. Partially reversing a 2.81% fall from Saturday, Bitcoin ended the week down by 9.97% to $32,320.0. It was a mixed start to the day. Bitcoin fell to an early morning low $31,709.0 before making a move. Steering clear of the first major support level at $31,174, Bitcoin rose to a mid-morning intraday high $33,174.0. Bitcoin broke back through the 23.6% FIB of $33,008 before hitting reverse. Falling short of the first major resistance level at $33,289, Bitcoin slid to a late intraday low $31,011.0. Bitcoin fell through the first major support level at $31,174 before recovering to close out the day in the green. The near-term bullish trend remained intact, in spite of the latest sell-off. For the bears, Bitcoin would need to slide through the 62% FIB of $18,504 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was a mixed day on Sunday. Polkadot (-4.65%) saw red to buck the trend on the day. It was a bullish day for the rest of the majors. Ethereum rallied by 12.92% to lead the way. Binance Coin (+2.28%), Bitcoin Cash SV (+1.59%), Cardano’s ADA (+2.21%), Crypto.com Coin (+1.40%), and Litecoin (+2.43%) also found strong support. Chainlink (+0.01%) and Ripple’s XRP (+0.62%) trailed the front runners on the day. For the week, it was also a mixed week for the majors. Polkadot rallied by 16.97% to lead the way. Chainlink (+6.47%) and Ethereum (+13.09%) also found support to buck the trend in the week. It was a bearish week for the rest of the majors. Bitcoin Cash SV slid by 22.52% to lead the way down. Binance Coin (-8.64%), Cardano’s ADA (-7.06%), Crypto.com Coin (-7.98%), Litecoin (-1.14%), and Ripple’s XRP (-11.96%) also joined Bitcoin in the red. In the week, the crypto total market cap rose to a Tuesday high $1,080.72bn before sliding to an early Saturday low $812.79bn. At the time of writing, the total market cap stood at $971.22bn. Bitcoin’s dominance rose to a Monday high 67.47% before falling to a Sunday low 62.84%. At the time of writing, Bitcoin’s dominance stood at 62.75%. Story continues This Morning At the time of writing, Bitcoin was up by 1.29% to $32,736.5. A mixed start to the day saw Bitcoin fall to an early morning low $32,253.0 before striking a high $32,835.0. Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was a mixed start to the day. Polkadot bucked the trend early on, falling by 0.68%. It was a bullish start for the rest of the majors, however. At the time of writing, Ethereum was up by 4.02% to lead the way. For the Bitcoin Day Ahead Bitcoin would need to avoid a fall through the pivot level at $32,168 to bring the 23.6% FIB of $33,008 and the first major resistance level at $33,326 into play. Support from the broader market would be needed for Bitcoin to break back through to $33,000 levels. Barring an extended crypto rally, the first major resistance level and resistance at $33,500 would likely cap any upside. In the event of an extended crypto rally, Bitcoin could test resistance at $35,000 before any pullback. The second major resistance level sits at $34,331. Failure to avoid a fall through the $32,168 pivot would bring the first major support level at $31,163 into play. Barring an extended crypto sell-off, Bitcoin should steer clear of the second major support level at $30,005. This article was originally posted on FX Empire More From FXEMPIRE: COVID-19 Vaccine Update – The EU’s Vaccine Woes Worsen and Is Unlikely to Improve Anytime Soon European Equities: Business Sentiment, COVID-19 Updates, and U.S Stimulus Chatter in Focus Natural Gas Price Fundamental Daily Forecast – Struggles to Find Footing Amid Warmer Weather Forecasts The Crypto Daily – Movers and Shakers – January 25th, 2021 Oil Price Fundamental Daily Forecast – Unexpected EIA Build, COVID-Related Demand Worries Pressure Prices Business Sentiment and ECB President Lagarde Put the EUR in Focus', 'Bitcoin, BTC to USD, rose by 0.69% on Sunday. Partially reversing a 2.81% fall from Saturday, Bitcoin ended the week down by 9.97% to $32,320.0.\nIt was a mixed start to the day. Bitcoin fell to an early morning low $31,709.0 before making a move.\nSteering clear of the first major support level at $31,174, Bitcoin rose to a mid-morning intraday high $33,174.0.\nBitcoin broke back through the 23.6% FIB of $33,008 before hitting reverse.\nFalling short of the first major resistance level at $33,289, Bitcoin slid to a late intraday low $31,011.0.\nBitcoin fell through the first major support level at $31,174 before recovering to close out the day in the green.\nThe near-term bullish trend remained intact, in spite of the latest sell-off. For the bears, Bitcoin would need to slide through the 62% FIB of $18,504 to form a near-term bearish trend.\nAcross the rest of the majors, it was a mixed day on Sunday.\nPolkadot (-4.65%) saw red to buck the trend on the day.\nIt was a bullish day for the rest of the majors.\nEthereumrallied by 12.92% to lead the way.\nBinance Coin(+2.28%),Bitcoin Cash SV(+1.59%),Cardano’s ADA(+2.21%),Crypto.com Coin(+1.40%), andLitecoin(+2.43%) also found strong support.\nChainlink(+0.01%) andRipple’s XRP(+0.62%) trailed the front runners on the day.\nFor the week, it was also a mixed week for the majors.\nPolkadot rallied by 16.97% to lead the way.\nChainlink (+6.47%) and Ethereum (+13.09%) also found support to buck the trend in the week.\nIt was a bearish week for the rest of the majors.\nBitcoin Cash SV slid by 22.52% to lead the way down.\nBinance Coin (-8.64%), Cardano’s ADA (-7.06%), Crypto.com Coin (-7.98%), Litecoin (-1.14%), and Ripple’s XRP (-11.96%) also joined Bitcoin in the red.\nIn the week, the crypto total market cap rose to a Tuesday high $1,080.72bn before sliding to an early Saturday low $812.79bn. At the time of writing, the total market cap stood at $971.22bn.\nBitcoin’s dominance rose to a Monday high 67.47% before falling to a Sunday low 62.84%. At the time of writing, Bitcoin’s dominance stood at 62.75%.\nAt the time of writing, Bitcoin was up by 1.29% to $32,736.5. A mixed start to the day saw Bitcoin fall to an early morning low $32,253.0 before striking a high $32,835.0.\nBitcoin left the major support and resistance levels untested early on.\nElsewhere, it was a mixed start to the day.\nPolkadot bucked the trend early on, falling by 0.68%.\nIt was a bullish start for the rest of the majors, however.\nAt the time of writing, Ethereum was up by 4.02% to lead the way.\nBitcoin would need to avoid a fall through the pivot level at $32,168 to bring the 23.6% FIB of $33,008 and the first major resistance level at $33,326 into play.\nSupport from the broader market would be needed for Bitcoin to break back through to $33,000 levels.\nBarring an extended crypto rally, the first major resistance level and resistance at $33,500 would likely cap any upside.\nIn the event of an extended crypto rally, Bitcoin could test resistance at $35,000 before any pullback. The second major resistance level sits at $34,331.\nFailure to avoid a fall through the $32,168 pivot would bring the first major support level at $31,163 into play.\nBarring an extended crypto sell-off, Bitcoin should steer clear of the second major support level at $30,005.\nThisarticlewas originally posted on FX Empire\n• COVID-19 Vaccine Update – The EU’s Vaccine Woes Worsen and Is Unlikely to Improve Anytime Soon\n• European Equities: Business Sentiment, COVID-19 Updates, and U.S Stimulus Chatter in Focus\n• Natural Gas Price Fundamental Daily Forecast – Struggles to Find Footing Amid Warmer Weather Forecasts\n• The Crypto Daily – Movers and Shakers – January 25th, 2021\n• Oil Price Fundamental Daily Forecast – Unexpected EIA Build, COVID-Related Demand Worries Pressure Prices\n• Business Sentiment and ECB President Lagarde Put the EUR in Focus', 'Bitcoin, BTC to USD, slid by 9.97% in the week ending 24thJanuary. Following on from a 6.02% decline from the previous week, Bitcoin ended the week at $32,320.0.\nA mixed start to the week saw Bitcoin rise to a Tuesday intraweek high $37,936.6 before hitting reverse.\nFalling well short of the first major resistance level at $40,389, Bitcoin slid to a Friday intraweek low $28,989.0.\nThe sell-off
**Last 60 Days of Bitcoin's Closing Prices:**
[17150.62, 17108.40, 17717.41, 18177.48, 19625.84, 18803.00, 19201.09, 19445.40, 18699.77, 19154.23, 19345.12, 19191.63, 18321.14, 18553.92, 18264.99, 18058.90, 18803.66, 19142.38, 19246.64, 19417.08, 21310.60, 22805.16, 23137.96, 23869.83, 23477.29, 22803.08, 23783.03, 23241.35, 23735.95, 24664.79, 26437.04, 26272.29, 27084.81, 27362.44, 28840.95, 29001.72, 29374.15, 32127.27, 32782.02, 31971.91, 33992.43, 36824.36, 39371.04, 40797.61, 40254.55, 38356.44, 35566.66, 33922.96, 37316.36, 39187.33, 36825.37, 36178.14, 35791.28, 36630.07, 36069.80, 35547.75, 30825.70, 33005.76, 32067.64, 32289.38]
Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2021-01-25
**Financial & Commodity Data:**
- Gold Closing Price: $1854.90
- Crude Oil Closing Price: $52.77
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $593,749,322,862
- Hash Rate: 144920068.73582825
- Transaction Count: 309102.0
- Unique Addresses: 732867.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.74
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Fintech company reaches distribution agreement to reach up to 50,000 stores in Europe
NEW YORK, NY / ACCESSWIRE / January 4, 2021/All Things Mobile Analytic Inc.(OTC PINK:ATMH)a U.S based publicly listed company offering a leading-edge 21st Century Enhanced Fintechnology and Telecommunications Services is pleased to announce that a new Mobile Application called "SAFETOGO"https://SaFeToGo.appand exclusivity agreement/contract has been signed. The application will help to control a behavior the spread of Coronavirus.Covid 19illness is spreading around the world. It effects your lungs and breathing. How the application will suggest to keep you safe if a quick questionary test shows you may have Coronavirus Symptom and you will receive advice from your device app. You will be asked to stay indoors for quarantine and away from people. Then through the Bluetooth it will notify if you are walking or gathering near people that are been infected.
All Things Mobile Analytic Inc. also announce the launch of a newBitcoin Gift Card, which will be made available in up to 50,000 retail sites in Italy and Europe through a distribution agreement made betweenDilbert Int.& ( and )Epipoli spa"https://www.epipoli.com/en/a leader company in this sector. The new gift card is scheduled to start distribution in Europe in end-January, followed by a release in the United States later in march this year. A Bitcoin gift card concept and e wallet easy to use is the latest innovation for ATMH, which is renowned for blazing a trail in the market as a leading enhanced fintech and telecommunication services company.
"Crypto currencies have proven themselves, growing big numbers since last year , used for specialized professionals in the financial field, but their use remains elusive in the vastly larger consumer finance sector," explained Massimo Meneghello, President of ATMH. We are started to solve the problem and make the usage easy for everybody with the Market Place we had created last yearBiTipUp.com"https://BiToPup.com"and now with the Bitcoin gift card. People can give Bitcoins to friends and family for birthdays, graduations, anniversaries and more. You can get your loved ones started on cryptocurrency for as little as twenty five Euros."
The gift card enables the cardholder to establish an online account that contains € worth of Bitcoin cryptocurrency. The attractively packaged card comes with a QR code that enables the cardholder to download a mobile app for Bitcoin( BiToGo )spending and management. The product comprises part of the company's strategy to serve as a single, ubiquitous global platform that makes it easier for businesses and consumers to communicate, manage their finances, and process payments.
For more information, visithttps://atm-inc.com/.
Forward-Looking Statements
The statements contained in this release that are not historical facts are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Words such as "may," "will," "could," "should," "expect," "plan," "project," "intend," "anticipate," "believe," "estimate," "predict," "potential," "pursuant," "target," "continue," and similar expressions are intended to identify such forward-looking statements. The statements in this press release that are not historical statements, including statements regarding ATMA Inc.'s plans, objectives, future opportunities for ATMA Inc.'s services, future financial performance and operating results and any other statements regarding ATMA Inc. 's future expectations, beliefs, plans, objectives, financial conditions, assumptions or future events or performance that are not historical facts, are forward-looking statements within the meaning of the federal securities laws. These statements are not guarantees of future performance and are subject to numerous risks, uncertainties, and assumptions, many of which are beyond ATMA Inc. control, and which could cause actual results to differ materially from the results expressed or implied by the statements. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict, and include, without limitation, results of litigation, settlements and investigations; actions by third parties, including governmental agencies; volatility in customer spending; global economic conditions; ability to hire and retain personnel; loss of, or reduction in business, with key customers; difficulty with growth and integration of acquisitions; product liability; cybersecurity risk; and, anti-takeover measures in our charter documents. Any forward-looking statement is made only as of the date of which such statement is made. Except as otherwise required by applicable law, we undertake no obligation to publicly update or revise any forward-looking statements, whether because of new information, future events, or otherwise. All product names, trademarks and registered trademarks are property of their respective owners. All company, product and service names used in this website are for identification purposes only. Use of these names, trademarks and brands does not imply endorsement.
Investor and Media Contact:
Amy S. [email protected] Meneghello, PresidentTelephone: (888) 350-4660 Ext. 8https://atma-inc.usEmail:[email protected]
SOURCE:All Things Mobile Analytic Inc.
View source version on accesswire.com:https://www.accesswire.com/622962/All-Things-Mobile-Analytic-Inc-OTC-PINKATMHLaunchesSafeToGoapp-and-Bitcoin-Gift-Card...
- Reddit Posts (Sample): [['u/Vedzah', 'Buying Nano with fiat currency?', 27, '2021-01-25 00:30', 'https://www.reddit.com/r/nanocurrency/comments/l4aj54/buying_nano_with_fiat_currency/', "After a bit of research and deliberation, I took the plunge into cryptocurrency. I've already used a couple of the faucets and have a few millionths of a Nano lol (the speed of transfer is outrageous!).\n\nI've seen a couple mentions of people using USD to buy NANO, but everything I search results in using BTC, ETH, or some other altcoin to trade Nano. I'd appreciate confirmation on whether a method of trading fiat to Nano exists, and if its reliable! Thanks in advance", 'https://www.reddit.com/r/nanocurrency/comments/l4aj54/buying_nano_with_fiat_currency/', 'l4aj54', [['u/G0JlRA', 14, '2021-01-25 00:31', 'https://www.reddit.com/r/nanocurrency/comments/l4aj54/buying_nano_with_fiat_currency/gknd13l/', 'Kraken has Nano/fiat pairs.\n\nI use BinanceUS with my bank account and can buy Nano/USD there', 'l4aj54'], ['u/Vedzah', 14, '2021-01-25 00:35', 'https://www.reddit.com/r/nanocurrency/comments/l4aj54/buying_nano_with_fiat_currency/gkndidk/', 'Wow. That was a stupid easy search... I feel really dumb now. Thanks for the help!', 'l4aj54']]], ['u/intothecryptoverse', 'Ethereum Logarithmic Regression Rainbow', 98, '2021-01-25 00:43', 'https://www.reddit.com/r/ethfinance/comments/l4asmz/ethereum_logarithmic_regression_rainbow/', 'After using the the logarithmic regression rainbow for Bitcoin for so long, I decided to make one for Ethereum. We do not really have that much data, but hopefully it can prove somewhat useful. Here is a video on it! Let me know if you have any questions!\n\n&#x200B;\n\n[https://www.youtube.com/watch?v=oRHUbK3tUdc&feature=youtu.be&ab\\_channel=BenjaminCowen](https://www.youtube.com/watch?v=oRHUbK3tUdc&feature=youtu.be&ab_channel=BenjaminCowen)', 'https://www.reddit.com/r/ethfinance/comments/l4asmz/ethereum_logarithmic_regression_rainbow/', 'l4asmz', [['u/tabovilla', 18, '2021-01-25 01:52', 'https://www.reddit.com/r/ethfinance/comments/l4asmz/ethereum_logarithmic_regression_rainbow/gknmsji/', 'Thanks for sharing Benjamin, your videos are awesome!', 'l4asmz'], ['u/intothecryptoverse', 14, '2021-01-25 02:46', 'https://www.reddit.com/r/ethfinance/comments/l4asmz/ethereum_logarithmic_regression_rainbow/gknt56y/', 'glad you like them!', 'l4asmz'], ['u/twoinvenice', 10, '2021-01-25 03:13', 'https://www.reddit.com/r/ethfinance/comments/l4asmz/ethereum_logarithmic_regression_rainbow/gknwa0o/', 'Are those rainbow ranges a custom thing that you’ve built into tradingview?', 'l4asmz'], ['u/intothecryptoverse', 10, '2021-01-25 07:35', 'https://www.reddit.com/r/ethfinance/comments/l4asmz/ethereum_logarithmic_regression_rainbow/gkolll3/', 'to be honest, every cycle has people saying this.', 'l4asmz'], ['u/Fheredin', 14, '2021-01-25 15:49', 'https://www.reddit.com/r/ethfinance/comments/l4asmz/ethereum_logarithmic_regression_rainbow/gkpme97/', " I am...confused. I haven't seen your Bitcoin vids, so while I understand lines of resistance and ascending and descending triangles, I don't get exactly what a logarithmic regression rainbow is supposed to do or how you mapped the rainbow to the price graph.\n\nHowever, if I may offer my $0.02....\n\nI don't think that it's really possible to assess this bull market accurately, especially ETH. The dollar and most other fiat currencies are expected to lose a significant chunk of purchasing power, and ETH 1 is a notably different beast than ETH 2.0; they will certainly have different fair market valuations, and unless there is a really big problem with ETH 2.0, it can likely command an order of magnitude higher a price than ETH's historical price. Although again, who knows?\n\nEDIT: This is probably also why several of the projections in the previous ETH price prediction link post are flawed. If you are making a price prediction based on the BTC ratio, you are not factoring ETH 2.0's higher functionality. If it can command a higher price, it may also be able to command a higher ratio. [/EDIT]\n\nI think that these reasons and a few others like them mean that if you just draw a shape on a TA price chart, you're almost certainly going to lowball the potential price action and sell too early. Conversely, if you take these factors into account, the margin of error opens up. I'm drawing best guess peak-price figures which range all the way from 7K to over 90K. \n\nAt this point I am comfortable saying I know that I don't know ETH's peak price. Timing is probably a better metric because the peak will probably be between August and November, so if you just DCA out somewhere in that timeframe you will probably outperform someone who aimed for a target price and sold out.", 'l4asmz']]], ['u/AwkwardAarvark', "Is this the last bubble and why I'd rather pay taxes than take loans against BTC", 45, '2021-01-25 00:49', 'https://www.reddit.com/r/Bitcoin/comments/l4awqz/is_this_the_last_bubble_and_why_id_rather_pay/', "Not long ago Michael Saylor has started publicly investing in bitcoin; in an interview he referred to the method of taking out loans against BTC rather than selling them. He made the example of wealthy families who have owned land in Manhattan for generations; these families take out loans against the properties. The loans are untaxed and since the price of the properties keep rising, can be paid without losing the properties. Sounds nice. Since his interview (and maybe even before) bitcoiners here and elsewhere have agreed with Saylor to do the same thing with their BTC.\n\nIn my view, that's a bad idea. Here's why.\n\n 1. Counterparty risk. If you deposit your BTC with Celsius or some other lender as collateral, you no longer hold the keys. The lender might get hacked or otherwise go belly-up, and you'll be out of your collateral. Whether this is an acceptable risk is a personal matter.\n\n 2. The strategy is based on the assumption that BTC will keep rising in value. (If BTC does not rise in value, then the loan will come due, with interest, and the collateral may not suffice to cover both, making the loan a very bad investment.). The second risk is thus - **what if the 2021 rise is bitcoin's last bubble**?\n\nIt think this might be the last bubble. Over a year ago, [someone else made the argument](https://forums.prohashing.com/viewtopic.php?f=11&t=6423) that there is only room for one more bubble. While that post is worth reading, here's why I think there's little room left to grow after this bubble.\n\nLet's assume that the top of the current bull market/bubble is at $150,000. Not unreasonable. That gives a market cap of $2.25 trillion (assuming only 15 million BTC in circulation). That puts BTC at around 20% of the [gold market cap](https://companiesmarketcap.com/gold/marketcap/). That would make bitcoin a major player.\n\nA following bubble (maybe sometime around 2024), which increases the price by, e.g. 10x (i.e. to 1.5 million per BTC) would put us at a whopping $22.5 trillion market cap. That's [two thirds of the S&P 500.](https://ycharts.com/indicators/sp_500_market_cap) It's nearly [half of all the US stock market](https://siblisresearch.com/data/us-stock-market-value/). It would [exceed M2 money supply](https://www.investopedia.com/terms/m/m2.asp).\n\nSo much for comparisons. None of this means that bitcoin *cannot* reach such lofty heights, especially in a globalized economy. It's possible, maybe even probable. However, I think it will become increasingly *unlikely,* and it is certainly not inevitable. Government and institutional resistance is likely to grow exponentially. While governments cannot regulate bitcoin itself, they can regulate bitcoin's interactions with their economies. China, for instance, limits the amount of Remninbi a person can convert to US$ to $50,000. Is it inconceivable that governments will limit the amount of BTC that can be exchanged for fiat, or for goods and services per person? Especially if prompted to do so from powerful lobbying interests?\n\nTime will tell. I could be wrong, which is why I post this here. I'm curious about your thoughts.\n\nPersonally, I would plan to cash out whenever you think this bubble has reached its top (though keep some BTC just in case). That's what I plan to do with my (very modest) BTC holdings. Simply put - for my risk tolerance - the combined risks of counterparty failure leading to a loss of BTC together with the possibility of this being the last bubble means that paying capital gains taxes is more acceptable than carrying those risks.", 'https://www.reddit.com/r/Bitcoin/comments/l4awqz/is_this_the_last_bubble_and_why_id_rather_pay/', 'l4awqz', [['u/uxeen', 28, '2021-01-25 01:33', 'https://www.reddit.com/r/Bitcoin/comments/l4awqz/is_this_the_last_bubble_and_why_id_rather_pay/gknkfmn/', 'he did not recommend taking loans against bitcoin or any other “market value” asset. he said take loans against fixed value assets like a house or a car.\n\nthe main point he was making was never sell your bitcoin. he said develop a relationship with a bank and take loans out when you need liquidity to avoid selling your asset. he specifically recommended taking loans against assets like your home, and avoid taking loans against assets that will fluctuate wildly.\n\nyou can use your bitcoin as a factor in getting a loan by including it in your “total wealth.” this is not the same as collateralized loans with bitcoin.', 'l4awqz'], ['u/Perringer', 21, '2021-01-25 01:40', 'https://www.reddit.com/r/Bitcoin/comments/l4awqz/is_this_the_last_bubble_and_why_id_rather_pay/gknlczs/', "A rising asset does not require bubbles in order sustain its value as collateral or an interest bearing item. It simply needs to rise, long term.\n\nIf you're making the argument that bitcoin will fail and fade after this last building bubble, that's an entirely different argument.\n\nIf you're in bitcoin for the long haul and reasonably believe it will ...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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32569.85, 30432.55, 33466.10, 34316.39, 34269.52, 33114.36, 33537.18, 35510.29, 37472.09, 36926.07
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['LPETTET / Getty Images Everyone needs to invest. In terms of classic pearls of wisdom in the personal finance sphere, “invest your money” is right up there with “have an emergency fund” and “make a budget.” Despite the fact that putting some portion of your savings to work in stock and bond markets is almost universally acknowledged to be sound advice, almost half of Americans aren’t investing. Given how powerful a tool investing can be, that’s downright tragic. See: 26 Smartest Ways To Invest Your Money Right Now Case in point: Imagine that at age 35, your long-lost uncle dies and leaves you $10,000. You’re trying to decide between just parking that money in your savings account — one of the safest options imaginable — and investing money in shares of an S&P 500 exchange-traded fund, an investment designed to match the performance of the index. How would your decision play out after 10, 20 or 30 years? Take a look at the table to see how that $10,000 could grow: What a $10,000 Investment Would Be Worth Over 30 Years Investment Estimated Annual Return After 10 Years After 20 Years After 30 Years Savings Account 0.1% $10,100.45 $10,201.91 $10,304.39 S&P 500 ETF 10% $25,937.42 $67,275 $174,494.02 Whereas the average interest rate paid on a savings account is 0.1%, the average annual return on the S&P 500 has come out to roughly 10% over the years — about 100 times more. That means an average savings account will yield about $100 a decade for every $10,000 while the S&P 500 should more than double the value of your money over the same time period if returns are in line with historical norms. So if you’re among those Americans who still aren’t investing, it’s time to get yourself into the game. Although investing can feel intimidating from the outside looking in, understanding a few basic topics can help you get started even when you don’t have a lot of money to spare. Whether you’re starting with $5 or $5 million, some simple strategies can help keep your risks low and your money growing. Story continues Here’s what this guide to investing your money will cover: What Is Investing and Why Is It Important? What’s Your Investment Strategy? Deciding What To Invest In Investment Accounts Choosing a Broker To Manage Your Investments Common Investing Mistakes What Is Investing and Why Is It Important? On the most basic level, investing is about letting other people use your money. Everyone has to save, be it a rainy day fund or for a major purchase. At the same time, businesses need to spend: on staff, on R&D, on repairs. And most businesses need to spend more than they can get their hands on, even if only temporarily, to keep growing. Investing is the brilliant compromise that makes the money people save temporarily available to businesses that need to borrow. In many cases, you aren’t putting money directly into the hands of a business owner, but almost every transaction involved with investing echoes back to this basic principle at some point — even your savings account. The reason your bank pays interest on your savings account is that it takes a certain percentage of deposits and uses them to make loans, creating profits it shares with you. Not only is your savings account a way to keep your money safe and growing, it’s also playing some role in helping local small businesses get the loans they need. A Guide for Beginners: How To Start Investing Compound Interest Compounding interest refers to the fact that the longer you invest, the faster your money grows. That’s because gains from the money you make from your investments become part of the new basis from which new returns grow. That makes your returns bigger, which makes your investments, and thus your future returns, even bigger. Over time, that can have an exponential effect that’s surprisingly effective. Say you find a high-yield savings account offering a 2% interest rate and park $10,000 there. At the end of the first year, your initial $10,000 will have grown by 2% and you’ll be sitting at $10,200. In that second year, you collect 2% of $10,200, so your interest payment goes from $200 to $204. In year three, you get 2% on $10,404, so you collect $208.08. Over a long enough period, your original $10,000 keeps gathering momentum, like a snowball rolling downhill. Compound Interest Means the Earlier You Invest, the Better You’ll Do Thanks to compound interest, every additional year you leave your savings untouched means an even bigger payout than the year before. Take a hypothetical example of two sisters: Ruth and Erica. Erica had the good sense to take her $10,000 graduation present from grandma, park it in an S&P 500 ETF and then completely forget about it. Ruth, on the other hand, spent grandma’s $10,000 graduation gift on a car, but she started saving 10% of her income a year at age 45 and matched the $10,000 Ruth stashed away each and every year for 20 years. Clearly, Ruth wound up with the larger retirement fund, correct? After all, by age 65, she had invested 20 times as much money as Erica had, and in the exact same investment vehicle. Guess what? Despite failing to save a penny aside from that one investment early on, Erica’s fund is now worth $881,974.85 after compounding at 10% a year for 47 years. Ruth’s fund, despite her investing $200,000 to Erica’s $10,000, is worth $640,024.99. Alas, you can’t travel back in time and invest $10,000 as a teenager, but you can take to heart just how important it is to start investing as soon as possible if you haven’t already. Check Out: 13 Toxic Investments You Should Avoid What’s Your Investment Strategy? Getting the right investment strategy isn’t about having an encyclopedic knowledge of investment products. It’s about what matters the most to you. What are your plans for the future? What are your financial goals? Before you even begin to think about what to invest in, you should have a strong sense of what it is you’re investing for. Here’s what to consider when figuring out your investment strategy: 1. Risk A crucial step in formulating an investing strategy is to figure out what sort of risk profile you want as an investor. Every investment involves risk, and generally speaking, more risk means higher returns and vice versa. In every portfolio, few things matter as much as that dance between risk and return. It’s a careful balance that’s ultimately going to be different for every person. Learn: Ways Investing Will Change in 25 Years 2. Time Frame Another essential factor in developing an investing strategy is when you plan on using your money. Before you can buy a house or start funding your retirement, you’ll need to sell off investments to convert them back into cash. In some cases, selling them at the wrong time can mean you wind up with a lot less. Knowing when you will need to turn your investments into cash, to the degree that’s possible, will help you maximize your earnings. Short Term: Most short-term investments focus on minimizing risk. But the investments that might produce a large gain over a short period of time often have a strong chance of producing a large loss. If you’re going to be cashing out in the near future, you don’t want to be forced to sell at a loss. That’s part of why most financial advisors tell people to begin shifting into more stable investments as they near retirement. Intermediate: With a little more time comes more flexibility to assume risk with less chance of having to sell something before the right time. You might even be able to put a small portion of your money into higher-risk investments because you have a little more time to ride out any ups and downs. But you should start shifting away from that risk the closer you get to needing your money. Long Term: Long-term investing can mean taking on a bit more risk. Because you’re not going to sell any time soon, you can just wait out the ups and downs and stay focused on the trends that play out over years and decades rather than weeks and months. But, once again, keep an eye toward when you will eventually be cashing in so that you can keep shifting into more stable investments over time. Read: Do I Need a Financial Advisor? Deciding What To Invest In Eventually, the rubber meets the road and you have to make some choices about what to invest in. Don’t worry if you find that terrifying. There are a great many investment products built precisely with you in mind, giving you a chance to make simple, easy-to-understand choices without taking unnecessary risks. 1. Stocks Stocks often get the lion’s share of public attention, due in no small part to their volatility. Stocks are among the riskiest investments you can go for, but how much risk you actually take can vary widely depending on your approach. Simply put, a stock is a tiny little piece of a company. The more successful the company, the more valuable its stock becomes. As such, investors buy stocks because they expect to be able to sell them for more later — if they’re particularly good at predicting which companies outpace market expectations, maybe a lot more than they bought it for. That does mean stocks are one the riskiest and most volatile investments. The prospects of a single corporation, even a big one, can be a veritable crapshoot. Even a casual observer of the stock market is probably aware that there’s a crash every decade or two that can send values diving across the board and take years to recover from. Although the short-term perspective on stocks can be chaotic, the long term can be remarkably stable. Whereas the S&P 500 has had individual years where it lost a third of its value, the good years and the bad still average out to a gain of about 10% a year — a return that’s hard to match elsewhere. And it’s also important to remember that there’s a whole range of risk levels when it comes to stocks. Smaller companies, or “penny stocks,” are incredibly risky, but established, “blue-chip” stocks are more stable and less risky by orders of magnitude.
**Last 60 Days of Bitcoin's Closing Prices:**
[17108.40, 17717.41, 18177.48, 19625.84, 18803.00, 19201.09, 19445.40, 18699.77, 19154.23, 19345.12, 19191.63, 18321.14, 18553.92, 18264.99, 18058.90, 18803.66, 19142.38, 19246.64, 19417.08, 21310.60, 22805.16, 23137.96, 23869.83, 23477.29, 22803.08, 23783.03, 23241.35, 23735.95, 24664.79, 26437.04, 26272.29, 27084.81, 27362.44, 28840.95, 29001.72, 29374.15, 32127.27, 32782.02, 31971.91, 33992.43, 36824.36, 39371.04, 40797.61, 40254.55, 38356.44, 35566.66, 33922.96, 37316.36, 39187.33, 36825.37, 36178.14, 35791.28, 36630.07, 36069.80, 35547.75, 30825.70, 33005.76, 32067.64, 32289.38, 32366.39]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2021-01-26
**Financial & Commodity Data:**
- Gold Closing Price: $1850.70
- Crude Oil Closing Price: $52.61
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $593,749,322,862
- Hash Rate: 166658079.0462025
- Transaction Count: 336935.0
- Unique Addresses: 768537.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.71
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Chicago, IL – December 9, 2020 – Today, Zacks Investment Ideas feature highlights Features:MicroStrategy Incorporated MSTR, Square, Inc. SQ and PayPal Holdings, Inc. PYPL.
Monetary policy and inflation are at a historic juncture. Our Federal Reserve Chair, Jerome Powell, and his dovish regime have made a groundbreaking promise to let inflation ride past its 2% target level, justifying the action with the low level of 'average inflation' we've seen since the last financial crisis.
The average inflation rate since 2009 has been roughly 1.5%, and the Fed is now taking it into their own hands to drive the economy back into growth, sacrificing the 'stable prices' component of its "Dual Mandate," aka keeping inflation at a steady 2%.
Now Mrs. Dovish herself, ex-Fed Chair Janet Yellen, is preparing to be sworn in as Treasury Secretary under the impending Biden regime in the next couple of months. Her history of expansionary policy is escalating inflation concerns.
It may be time to start thinking about how to protect your portfolio and liquid capital against the deteriorating value implications of inflation.
Gold has been one of the primary vehicles of inflation protection since the US went off the gold standard during the Great Depression. Investors & traders have been driving the price of gold up throughout this pandemic. With interest rates plummeting and the Federal Reserve implementing one of its most expansionary policies in history, gold was able to surge to all-time highs past $2,000 an ounce.
Rising interest rates this autumn have inhibited the gold boon of 2020, but it looks like that is all turning around as the market prices in the inflationary implications of Janet Yellen as Treasury Secretary.
SPDR Gold Trust(GLD) remains up over 20% for the year and looks to be headed higher as additional fiscal stimulus becomes more and more likely with COVID-case counts surging and local authorities shutting down Main Street again.
If GLD can break through its 50-day moving average (blue line) at around $176, I think this ETF has a lot more room to run.
The massive monetary expansion that the Federal Reserve employed has executives concerned about the value of their liquid capital, with future inflation expected to swell.
MicroStrategyCEO Michael Saylor made a savvy business decision when he decided to store his enterprise's liquid capital in Bitcoin. He made this judgment call in the face of ultra-low interest rates that were poised to eat away at MicroStrategy's cash reserve value. Jerome Powell and the Federal Reserve are printing money like there is no tomorrow and vowing to let inflation run past its 2% target to make up for the past two decades of below-target inflation.
MicroStrategy's management team feels that gold is an antiqued store of value and that Bitcoin's blockchain-driven cryptocurrency is the future of inflation-protected assets. This is a store of value strategy that I expect will be increasingly adapted through the roaring 20s.
Now fintech giants likeSquareandPayPalare buying up large sums of the pioneering blockchain currency. PayPal has been purchasing nearly 70% of all newly mined 'virgin Bitcoins' since mid-October and is expected to have over $30M worth of this digital asset by the end of the year. Combined Square and PayPal are purchasing more than 100% of newly issued Bitcoin as they launch their respective cryptocurrency services.
As more institutions pile into this next generation currency, the price should continue to drive higher. Below is a list of bitcoin holdings by company holdings provided by BitcoinTreasuries.org.
MicroStrategy has given Bitcoin the corporate seal of approval with its $425B investment in August and September, an investment that has returned the company over $300B in just 4 months. This is more income than the business has produced over the last 7 years of operations.
MSTR is currently the largest publicly traded Bitcoin holder, with nearly 1/3rd of its market value being attributed to its BTC holdings. MicroStrategy is now selling $400 million in debt to buy more BTC.
Bitcoin is teetering at its 2017 high and looks like it's preparing to materially break into the $20,000s as the digital currency catches a big bid from institutions.
Investing in MicroStrategy is a good, hedged way to get exposure to Bitcoin's resurging price. Check out my recent Bull of The Day piece on MSTR for more color.
Inflation is coming, and Jerome Powell is making sure of it, now the question is what assets to use to protect your liquid capital. Bitcoin is a higher risk move but could provide you with strong inflation-protected returns as institutions start moving in on this cryptocurrency.
Gold has been the tried and true inflation protector, and I think it is worth holding at least some amid this unprecedented monetary expansionary period.
Be among the early investors in the new type of device that experts say could impact society as much as the discovery of electricity. Current technology will soon be outdated and replaced by these new devices. In the process, it’s expected to create 22 million jobs and generate $12.3 trillion in activity.
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss.This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free reportMicroStrategy Incorporated (MSTR) : Free Stock Analysis ReportPayPal Holdings, Inc. (PYPL) : Free Stock Analysis ReportSquare, Inc. (SQ) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research...
- Reddit Posts (Sample): [['u/j-corduroy', 'Just Got SIM Swapped', 97, '2021-01-26 00:27', 'https://www.reddit.com/r/ledgerwallet/comments/l50k31/just_got_sim_swapped/', 'Yep.\n\nAnd for the record when the crypto market goes nuts I am not recommending your sloppy asses to anybody. \n\nGot an email saying my number was changed to some random ass 31 digit number (new SIM). Yes i lost service on my phone. They used my number to get into the related email on the Ledger receipt but luckily it was the spam one so there wasn\'t any info they didn\'t already have in there. But even then I\'m not sure what they did or will do. I did not click any phishing links. Never shared anything w anybody. I had a SIM PIN and everything. The carrier is T-mobile if it means anything. (It does check comments) \n\nI\'m aware that most of our data is already out there but god damn. I now shit myself everytime my phone lights up. And yes my other emails use authenticators and yubi’s. I know, I know. \n\n&#x200B;\n\nUPDATE #4: 3rd T-Mobile rep said it was done in store.\n\nUPDATE #3: SIM PIN was ENABLED. the T-Mobile account PIN was enabled. Either T-mobile is trash or somebody there is cooperating. \n\nUPDATE #2: 31 digit number was a sim. overseas.\n\nUPDATE #1: Regained access to my email. They 100% were the Ledger nappers. Checked my inbox searches and it was search queries for "coinbase" and "btc".', 'https://www.reddit.com/r/ledgerwallet/comments/l50k31/just_got_sim_swapped/', 'l50k31', [['u/stoneyxbear', 12, '2021-01-26 01:16', 'https://www.reddit.com/r/ledgerwallet/comments/l50k31/just_got_sim_swapped/gkrp9kk/', 'i just got sim swapped less than a week ago too.', 'l50k31'], ['u/VariousJackfruit', 32, '2021-01-26 01:27', 'https://www.reddit.com/r/ledgerwallet/comments/l50k31/just_got_sim_swapped/gkrqirp/', ">Some random ass 31 digit number\n\nThis doesn't sound like a SIM swap. A SIM swap is when they change the SIM associated with your mobile carrier so they effectively take over your mobile account and can then get your 2FA SMS codes. You wouldn't get a new number in that case, but your phone wouldn't work with your existing number anymore.\n\nEdit: see my comment below, this could have been the serial number of the new SIM if OP was indeed SIM swapped", 'l50k31'], ['u/1solate', 34, '2021-01-26 01:33', 'https://www.reddit.com/r/ledgerwallet/comments/l50k31/just_got_sim_swapped/gkrr7zd/', "Everyone: **Disable SMS 2FA wherever possible. These attacks are so common in crypto and pretty fucking easy.**\n\nAll they have to do is gather some basic public information about you, then convince an underpaid wireless carrier customer service agent (or have a friend) that they're you and bang, they're on your number. And any service that uses SMS 2FA to reset your password is immediately and entirely compromised.\n\nThis isn't really limited to the Ledger hack, though perhaps they get a target list.\n\nFor those unaware, the common alternative 2FA to SMS is TOTP(Google Authenticator, Authy, etc). This is not something dependent on your wireless carrier giving a shit about your security.", 'l50k31'], ['u/j-corduroy', 17, '2021-01-26 01:42', 'https://www.reddit.com/r/ledgerwallet/comments/l50k31/just_got_sim_swapped/gkrs8fz/', 'nah it was a sim swap, my service went out and everything. my carrier verified that my number was changed right before i called but they didnt understand how or why when i explained that the thief had none of the necessary information to change anything in my account. i had to explain to them what a sims wap was.', 'l50k31'], ['u/VariousJackfruit', 12, '2021-01-26 01:46', 'https://www.reddit.com/r/ledgerwallet/comments/l50k31/just_got_sim_swapped/gkrso42/', 'Was the 31 digit number actually the serial number of the new SIM card then? (and not a new phone number) That makes a lot more sense I guess.', 'l50k31']]], ['u/Dizzyfigz', 'Moving my bitcoin onto my Ledger', 11, '2021-01-26 01:01', 'https://www.reddit.com/r/shakepay/comments/l519m5/moving_my_bitcoin_onto_my_ledger/', 'Hey guys I initially purchased around >1K of Crypto earlier this year and now I want to increase the security of my crypto by moving it onto my ledger. Is there an easy way to go from Shakepay to my ledger or will I have to use a different app to do so, if this is the case do people have recommendations on the cheapest apps to do this. \n\n&#x200B;\n\nThanks in advance!', 'https://www.reddit.com/r/shakepay/comments/l519m5/moving_my_bitcoin_onto_my_ledger/', 'l519m5', [['u/Tristan49', 10, '2021-01-26 01:08', 'https://www.reddit.com/r/shakepay/comments/l519m5/moving_my_bitcoin_onto_my_ledger/gkrob5k/', 'Great idea -- super simple to withdraw to your Ledger Wallet. Generate a deposit address on your ledger for ETH or BTC, and then send from Shakepay (they cover fees).', 'l519m5']]], ['u/Matthews413', 'Young? No dependants? Now is your time.', 779, '2021-01-26 01:03', 'https://www.reddit.com/r/CryptoCurrency/comments/l51b8p/young_no_dependants_now_is_your_time/', "I am about to turn 40 years old. I have a wife and 4 kids. I can't take huge chances with my finances anymore. If you don't have people that rely on your income now is your chance. Invest in what you believe in. Don't be afraid to take chances, but also take some profits along the way. Bitcoin and ETH are both great opportunities. Invest in yourself and your future will be bright. It's not too late for me, I have a great life and will be able to reture someday. For you, you can make this happen now and become rich. Do your research, invest, win.", 'https://www.reddit.com/r/CryptoCurrency/comments/l51b8p/young_no_dependants_now_is_your_time/', 'l51b8p', [['u/Matthews413', 24, '2021-01-26 01:08', 'https://www.reddit.com/r/CryptoCurrency/comments/l51b8p/young_no_dependants_now_is_your_time/gkrod42/', 'I do, and am invested in both crypto and stock. I just wish I did it 20 years ago.', 'l51b8p'], ['u/mxkaelll', 12, '2021-01-26 01:10', 'https://www.reddit.com/r/CryptoCurrency/comments/l51b8p/young_no_dependants_now_is_your_time/gkrojtj/', 'just invested for the first time yesterday', 'l51b8p'], ['u/NiGhTShR0uD', 239, '2021-01-26 01:11', 'https://www.reddit.com/r/CryptoCurrency/comments/l51b8p/young_no_dependants_now_is_your_time/gkror0z/', 'Let the pamp be with you, my friend.', 'l51b8p'], ['u/102091101', 18, '2021-01-26 01:12', 'https://www.reddit.com/r/CryptoCurrency/comments/l51b8p/young_no_dependants_now_is_your_time/gkrosld/', "Just a thought. You have 4 kids. Do you believe enough in a Crypto that it will be intergenerational - a house deposit for the youngest hitting their 30's?", 'l51b8p'], ['u/Matthews413', 11, '2021-01-26 01:16', 'https://www.reddit.com/r/CryptoCurrency/comments/l51b8p/young_no_dependants_now_is_your_time/gkrp9hl/', 'I believe enough that crypto will be the currency of the future. Which crypto is yet to be seen. My current investing is for my own retirement and college funds for the kids. If I meet my goals for those I certainly would like to put away more to make life easier for them, but more importantly I am teaching them the same thing I am telling you all.', 'l51b8p'], ['u/shelf360', 16, '2021-01-26 01:17', 'https://www.reddit.com/r/CryptoCurrency/comments/l51b8p/young_no_dependants_now_is_your_time/gkrpcuu/', "Hang on fella I'm not being smart at all as I am currently invested in both. I was just more interested in his opinion on the stock market as he doesn't directly mention it. No need to be like that is there?", 'l51b8p'], ['u/itsadiseaster', 42, '2021-01-26 01:55', 'https://www.reddit.com/r/CryptoCurrency/comments/l51b8p/young_no_dependants_now_is_your_time/gkrtlfo/', 'Pump it up!', 'l51b8p'], ['u/turpajouhipukki', 168, '2021-01-26 01:59', 'https://www.reddit.com/r/CryptoCurrency/comments/l51b8p/young_no_dependants_now_is_your_time/gkru2k1/', 'Never had enough money to even jokingly think about getting kids, so all in crypto. Sounds good to me.', 'l51b8p'], ['u/Ylong', 114, '2021-01-26 02:13', 'https://www.reddit.com/r/CryptoCurrency/comments/l51b8p/young_no_dependants_now_is_your_time/gkrvmxn/', 'In my 20s.more than 90% of my money in crypto', 'l51b8p'], ['u/ThatsYourHomeBall', 36, '2021-01-26 02:33', 'https://www.reddit.com/r/CryptoCurrency/comments/l51b8p/young_no_dependants_now_is_your_time/gkry0p4/', "What's your split / portfolio looking like?", 'l51b8p'], ['u/GamerSnail_', 20, '2021-01-26 02:44', 'https://www.reddit.com/r/CryptoCurrency/comments/l51b8p/young_no_dependants_now_is_your_time/gkrz9ye/', 'Just turned 18 and the first thing I did was bought some BTC and ETH. Not a lot, but hodling for a long time is the plan (unless somehow I could pay for college in a few years with it :). A few months later I’m DCA too', 'l51b8p'], ['u/PrinceWhoPromes', 32, '2021-01-26 02:55', 'https://www.reddit.com/r/CryptoCurrency/comments/l51b8p/young_no_dependants_now_is_your_time/gks0hnf/', 'I’m 22 and strongly considering going all in', 'l51b8p'], ['u/MatrimSai', 25, '2021-01-26 03:08', 'https://www.reddit.com/r/CryptoCurrency/comments/l51b8p/young_no_dependants_now_is_your_time/gks1z0y/', "I think that's a very bad idea, unless you want to just hope for the best. Maybe like 5-10% into crypto. But really, If OP isn't already aware, they should look into 529 accounts for the kids. Earnings in a 529 account grow tax free and are not taxed when taken out for cover educational expenses.\n\nI have 2 kids and have $100/month put in each kids 529 account. Assuming 6% return annually I'll have about $37K for each of them when they turn 18. I'll likely throw a grand in some years from my bonus which could add another $10-15k. Average cost of in state tuition at a public university is \\~$10K/year. This is expected to grow at \\~4%/year. With all that said, I'm not expecting to pay for 100% of their college - but aiming for 50%. I had to 100% fund my own (BS & MS), so any leg up I can give them will have them better off than where I started.\n\nAnother note...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
30432.55, 33466.10, 34316.39, 34269.52, 33114.36, 33537.18, 35510.29, 37472.09, 36926.07, 38144.31
|
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Bitcoin Equaliser combines the power of DLT and AI to trade BTC CFDs at an extremely high win rate. The robot could earn up to 80% in daily ROI.\nLondon, United Kingdom, Jan. 26, 2021 (GLOBE NEWSWIRE) -- Investing in cryptocurrency is one of the biggest trends of the decade, with hundreds of thousands of people across the globe making use of the rise of Bitcoin to make money quick.\nUnlike other “get rich quick” schemes that can cause people to risk big money in high-risk markets, Bitcoin and its trading platforms make sure investors are always in control and there is always a chance to make a big profit. The best platform for this? Welcome Bitcoin Equaliser.\nWant to start trading for big profits, fast? Sign up for Bitcoin Equaliser here\nIt’s one of the most popular and talked-about crypto trading platforms on the market, asking very little of its users and giving a high-profit return. Daily profits, high-tech features, intelligent algorithms, and market-leading trading helps Bitcoin Equaliser be a major leader against its competitors.\nIt’s no surprise, therefore, that it’s featured in some of the world’s most recognised publications including CNN, Time, and Forbes. Bitcoin Equaliser takes centre stage for cryptocurrency trading because it reduces the risk of human error and puts trading in the hands of its intelligent bot. But what exactly IS Bitcoin Equaliser?\nWhat is Bitcoin Equaliser\nBitcoin Equaliser is an automated trading platform forcryptocurrency Bitcoin. It allows people to buy and trade Bitcoin whilst doing all of the work in the background for the user. Since it was released back in 2009, Bitcoin has been one of the most influential and profitable ways of investing, making it an easier way to invest.\nBitcoin Equaliser simplifies the process further by giving users a platform that finds them the best deals at the best time to maximise their return and prevent loss.\nThe best part is it uses its own personal algorithm built by expert mathematicians to identify these deals, always trading behind the scenes in the current time, identifying trends in the market, and finding ways to avoid loss.\nWith its 99.4% accuracy level, you can rest assured that your investments are made on the right deals, so a good profit can be made on a daily basis. Most of its functionality requires one-click to automate so users can sit back and watch their profit roll in!\nWhy use Bitcoin Equaliser\nHaving a passive income on the side is always helpful for day to day expenses, especially since you don’t have to put much time or effort into it. For a small amount of money (Bitcoin Equaliser requires just a $250 deposit to begin with), you’ll get to reap the rewards over and over again. Better yet, there’s no signup fee and you’ll be assigned a Personal Account Manager to help you manage your investments and get the most out of the platform.\nHow to use Bitcoin Equaliser\nLuckily for its users,Bitcoin Equaliseris very easy to use. To sign up for an account, all you need to do is have access to the internet where you can fill in the registration form with your name and valid email address. Once you’ve signed up, you’ll need to deposit the minimum amount of funds required which is just $250, so you can start trading instantly! You can deposit your funds using any major credit or debit card and they also offer a whole host of other popular payment methods should you wish to use those instead.\nFor extra help and support, you can also provide your phone number on the last step of setting up your account so your Personal Account Manager can reach you to help you drive profits and maximise your investments. One of the many advantages of using Bitcoin Equaliser is that it allows you to withdraw your funds at any point, so you have unlimited access to your money when and as you need it.\nBe kind to your bank balance! Sign up here with Bitcoin Equaliser start building big bucks now.\nHow much money you will make from Bitcoin Equaliser\nHow much money you make from Bitcoin will depend on how much money you invest and how many risks you are willing to take. The higher the deposit and the higher the risk, the higher the profit. Bitcoin Equaliser always finds you the best deals possible so profit can be made on a daily basis, especially if you trade for 20 minutes or so per day. Many online customer testimonials claim to have made thousands of pounds from using Bitcoin Equaliser and couldn’t believe how easy it was to make money without having to do much!\nTrusting Bitcoin Equaliser\nThere are many unreliable trading platforms online, especially since the emergence of Bitcoin but unlike those platforms, Bitcoin Equaliser is 100% trustworthy and reliable. It has many customers who can guarantee this alongside its big media presence and professional website.\nMain benefits of Bitcoin Equaliser\nTrade with your mobile\nYou can trade on the go by using your mobile to access Bitcoin Equaliser and trade Bitcoin! Regardless of your device, all you will need is the internet but be certain your connection can be trusted when signing into your Bitcoin Equaliser account.\n0.01 seconds faster than its competitors\nBitcoin Equaliser’s unique algorithm allows it to find deals on the market 0.01 seconds faster than its competitors meaning you’ll get access to them before anyone else. The time gap is one of the most beneficial features of Bitcoin Equaliser, allowing you to always be ahead of the game.\nOptimised for high-profit return\nWhether you’re an experienced investor in Bitcoin or you’re completely new to investing, Bitcoin Equaliser is the perfect way to trade. With daily profits ranging from $500 to $2,000 for many existing customers, it’s not surprising why it has thousands of loyal users trade Bitcoin investments through its platform. Better still, you can begin making money instantly after creating your account.\nDemo trading functionality\nIf you are an inexperienced trader,Bitcoin Equalisercaters directly to your needs with its demo trading functionality. Before you start trading with your money, it allows you to use the demo trading feature to practice and get a feel for the platform and how it works. This helps you to build trust and get comfortable with the system before you start live trading.\nStop-loss feature\nOne of the biggest benefits of using Bitcoin Equaliser to buy and trade Bitcoin is its stop-loss functionality. You can set your stop-loss at the appropriate limit for you so you can be protected against high-risk trades and any high-level potential losses.\nSet your own trading parameters\nBitcoin Equaliser is a platform that makes sure that you have the ultimate control over your own finances and trading decisions and that’s why it allows you to set your own trading parameters that are appropriate to you and your funds. This is a massive benefit for users as they don’t have to accept parameters that could be potentially damaging to them or cause them concern.\n24-hour customer service\nBitcoin Equaliser always puts their users first and that’s why they offer 24-hour customer service to ensure everyone gets the most out of their platform. Whether you have a general query, need help with functionality, or have an issue with the platform’s performance, the helpful customer service will be on hand to help you through anything and everything!\nConclusion\nInvesting in Bitcoin can be lucrative, especially as it has made thousands of people millionaires over the last 10 years, but only if you use the best trading platforms on the market. Bitcoin Equaliser is by far one of the best-automated cryptocurrency systems on the market with its 99.4% trading accuracy, stop-loss benefits, data security measurements, and zero sign up fees.\nMaking money quickly can be a challenge with other Bitcoin trading systems but Bitcoin Equaliser can guarantee a daily profit as long as you set your parameters and spend a little time on the platform every day. It’s a passive income that can generate a huge profit so sign up today.\nDiscover the wonders of passive income with minimal work! Sign up for Bitcoin Equaliser right now.\nAbout Finixio\nFinixiois a leading media company that runs 15+ leading comparison brands across the Personal Finance, Cryptocurrency & Technology industry. Get in touch with our business team to find out more about how we can drive targeted traffic and customers to your brand.\nMedia Contact\nContact: Abbas AliCompany: FinixioEmail:[email protected] Website URL:https://finixio.com/London, United Kingdom\nDisclosure:\nThis product review is for informational purposes only. The information does not constitute advice or an offer to buy. Any purchase made from this story is made at your own risk. Consult an expert advisor/health professional before any such purchase. Any purchase made from this link is subject to the final terms and conditions of the website selling the product. The content on this release does not take any responsibility directly or indirectly.\nThis news has been published for the above source. Finixio [ID=16525]\nKISS PR PRODUCT REVIEWER COMPENSATION DISCLOSURE\nPursuant to the Federal Trade Commission\'s guidance of the public in conducting its affairs in conformity with legal requirements comprised in 16 C.F.R. § 255et seq. on the use of endorsements and testimonials in advertising, thisProduct Reviewer Compensation Disclosureis provided by KissPR.com LLC and its affiliated entities (hereinafter referred to collectively as “KISS PR”). This disclosure applies to content displayed on all mobile, desktop, and other online versions of KISS PR’s websites and to those of KISS PR’s distribution partners (hereinafter referred to collectively as “the Websites”) and is provided for the purpose of disclosing the nature of the connection between KISS PR and product reviewers, advertisers, sponsors, endorsers, and other third-parties whose advertisements, sponsorships, endorsements, testimonials, opinions, or
**Last 60 Days of Bitcoin's Closing Prices:**
[17717.41, 18177.48, 19625.84, 18803.00, 19201.09, 19445.40, 18699.77, 19154.23, 19345.12, 19191.63, 18321.14, 18553.92, 18264.99, 18058.90, 18803.66, 19142.38, 19246.64, 19417.08, 21310.60, 22805.16, 23137.96, 23869.83, 23477.29, 22803.08, 23783.03, 23241.35, 23735.95, 24664.79, 26437.04, 26272.29, 27084.81, 27362.44, 28840.95, 29001.72, 29374.15, 32127.27, 32782.02, 31971.91, 33992.43, 36824.36, 39371.04, 40797.61, 40254.55, 38356.44, 35566.66, 33922.96, 37316.36, 39187.33, 36825.37, 36178.14, 35791.28, 36630.07, 36069.80, 35547.75, 30825.70, 33005.76, 32067.64, 32289.38, 32366.39, 32569.85]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2021-01-27
**Financial & Commodity Data:**
- Gold Closing Price: $1844.90
- Crude Oil Closing Price: $52.85
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $584,711,724,106
- Hash Rate: 146990355.43205437
- Transaction Count: 323553.0
- Unique Addresses: 787548.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.78
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: This article was originally published onETFTrends.com.
After surging to a fresh all-time high of almost $42,000 on Friday, Bitcoin prices tumbled more than 25% to $31,000 Monday morning, generating debate over whether the crypto has entered a technical bear market or is just pulling back, even as companies continue to seek approval for a Bitcoin ETF.
To be sure, the notorious cryptocurrency has still climbed a tremendous amount from last year, but the steep drop underscores the sharp rise, and how dangerous the volatility is for traders and investors, who collectively lost roughly $200 billion.
"It's scary when the price of bitcoin just goes straight up," said James Putra, vice president of product strategy for TradeStation Crypto. "This pullback was needed."
The market capitalization or value of the cryptocurrency market was $880 billion on Monday, down from $1.08 trillion a day earlier, according to Coinmarketcap.
Just last week a strategist at Bank of America said Bitcoin's explosive rise may be represent the "mother of all bubbles," noting that the recent sharp run-up in the crypto is more significant than other historic manias of the past few decades, such as gold in the 1970s, the dot-com and tech bubble the late 1990s, and the housing boom in the mid-2000s.
Despite the steep fall however, analysts feel that it is a "healthy correction" that "was due a long time ago," according to Naeem Aslam, chief market analyst at AvaTrade. This could provide an opportunity for Bitcoin permanent-bulls to jump on board, and make a more significant case for a Bitcoin ETF, which would allow for smaller trading sizes.
“The correction we saw was expected as we believe the BTC price surge recently from under $20,000 to $40,000 in the past four weeks will induce sell pressure,” said Simons Chen, executive director of investment and trading at cryptocurrency financial services firm Babel Finance.
The $40,000 level may have represented a ceiling to be used for profit-taking, Chen said.
The famed cryptocurrency first crested the $20,000 level in mid-December and rocketed past $30,000 earlier this month, thanks to coronavirus-induced panic and political and economic uncertainty throughout the globe.
Even with the drops over the weekend and Monday, Bitcoin is over 10% higher already in 2021, having spiked about 300% in the past year.
Jehan Chu, founder of cryptocurrency-focused venture capital and trading firm Kenetic Capital, said the steep drop in Bitcoin could present a buying opportunity for new investors.
“This short term correction is both natural and needed, and is a great entry point for long-term investors as we quickly reach $50k this quarter and $100k by year’s end,” Chu told CNBC.
For more market trends, visitETF Trends.
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- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
33466.10, 34316.39, 34269.52, 33114.36, 33537.18, 35510.29, 37472.09, 36926.07, 38144.31, 39266.01
|
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES VANCOUVER, BC / ACCESSWIRE / January 27, 2021 / HIVE Blockchain Technologies Ltd. (TSXV:HIVE)(FSE:HBF) (the " Company " or " HIVE ") is pleased to announce that it has filed today a final base shelf prospectus (the " Shelf Prospectus ") with the securities regulatory authorities in each of the provinces and territories of Canada. The Shelf Prospectus will be valid for a 25-month period, during which time the Company may issue common shares, warrants, subscription receipts, units, debt securities, and share purchase contracts (the " Securities ") in amounts at prices and on terms based on market conditions at the time of sale and set forth in an accompanying prospectus supplement (" Prospectus Supplement "), having an aggregate offering amount of up to US$100 million. Unless otherwise specified in a Prospectus Supplement, the net proceeds from the sale of Securities may be used for general corporate and working capital requirements, funding ongoing operations, to repay indebtedness outstanding from time to time, to complete future acquisitions, or for other corporate purposes. Each Prospectus Supplement will contain specific information concerning the use of proceeds from that sale of Securities. There is no certainty that any Securities will be offered or sold under the Shelf Prospectus within the 25-month period. HIVE also announces that it has filed amended and restated interim consolidated financial statements for the three and six months ended September 30, 2020 along with a corresponding restated management discussion and analysis. The restatements were made as the result of management\'s review of the financial statements during the course of preparing to file the Company\'s Shelf Prospectus, and only affect prior year comparative figures. This news release does not constitute an offer to sell or the solicitation of an offer to buy securities in the United States or in any jurisdiction where the offer, sale or solicitation would be unlawful. The Securities referred to in this news release may not be offered or sold in the United States absent registration or an applicable exemption from registration. Story continues A copy of the final base shelf prospectus can be found on the Company\'s SEDAR profile at www.sedar.com . About HIVE Blockchain Technologies Ltd. HIVE Blockchain Technologies Ltd. is a growth oriented, TSX.V-listed company building a bridge from the blockchain sector to traditional capital markets. HIVE owns state-of-the-art green energy-powered data centre facilities in Canada, Sweden, and Iceland which produce newly minted digital currencies like Bitcoin and Ethereum continuously on the cloud. Our deployments provide shareholders with exposure to the operating margins of digital currency mining as well as a portfolio of crypto-coins. For more information and to register to HIVE\'s mailing list, please visit www.HIVEblockchain.com . Follow @HIVEblockchain on Twitter and subscribe to HIVE\'s YouTube channel . On Behalf of HIVE Blockchain Technologies Ltd. "Frank Holmes" Interim Executive Chairman For further information please contact: Frank Holmes Tel: (604) 664-1078 Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. Forward-Looking Information This press release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking information") within the meaning of applicable securities laws, including statements regarding the Shelf Prospectus. In some cases, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "targets", "expects", "is expected", "an opportunity exists", "budget", "scheduled", "estimates", "outlook", "forecasts", "projection", "prospects", "strategy", "intends", "anticipates", "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or, "will", "occur" or "be achieved", and similar words or the negative of these terms and similar terminology. In addition, any statements that refer to expectations, intentions, projections or other characterizations of future events or circumstances contain forward-looking information. Statements containing forward-looking information are not historical facts but instead represent management\'s expectations, estimates and projections regarding future events or circumstances. This forward-looking information is based on the Company\'s opinions, estimates and assumptions that, while considered by the Company to be appropriate and reasonable as of the date of this press release, are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information, including but not limited to, risks related to the offering or sale of securities pursuant to the Shelf Prospectus, the completion of the transactions contemplated in this news release in the manner anticipated and those factors discussed in greater detail under the "Risk Factors" section in the Company\'s preliminary base shelf prospectus and its annual information form, both of which are available under the Company\'s profile on SEDAR at www.sedar.com, and should be considered carefully by prospective investors. The forward-looking statements and information in this press release include, but are not limited to, statements with respect to the filing of the Shelf Prospectus and any Prospectus Supplement filed in connection therewith, the potential issuance of securities of the Company, the amount of securities that may be issued and the use of proceeds under the (final) base shelf prospectus and any prospectus supplement filed in connection therewith. This forward-looking information is based on reasonable assumptions and estimates of management of the Company at the time it was made, and involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Such factors include, among others: the COVID 19 crisis; the transaction described in this news release may not occur on the terms as proposed and described herein or at all and, if such transaction is completed; the Company\'s cryptocurrency operation may not meet expected performance levels for one or more reasons; the proposed transaction may not have a positive impact on HIVE\'s revenues, or gross mining margin; the impact of new electrical power rates which could impair profitability and operating performance; expansion may not materialize as currently anticipated, or at all; operating risks caused by social unrest; the digital currency market; the ability to successfully mine digital currency; revenue may not increase as currently anticipated, or at all; it may not be possible to profitably liquidate the current digital currency inventory, or at all; a decline in digital currency prices may have a significant negative impact on operations; the volatility of digital currency prices; the Company may never realize more efficient operations, a lower cost structure, or greater flexibility in operation; risks relating to the global economic climate; dilution; and other related risks as more fully set out in the Shelf Prospectus, and other documents disclosed under the Company\'s filings at www.sedar.com . The Company has also assumed that no significant events occur outside of the Company\'s normal course of business. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information . The Company undertakes no obligation to revise or update any forward -looking information other than as required by law. SOURCE: HIVE Blockchain Technologies Ltd. View source version on accesswire.com: https://www.accesswire.com/626427/HIVE-Blockchain-Announces-Filing-of-Final-Base-Shelf-Prospectus', 'NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES\nVANCOUVER, BC / ACCESSWIRE / January 27, 2021 /HIVE Blockchain Technologies Ltd. (TSXV:HIVE)(FSE:HBF) (the "Company" or "HIVE") is pleased to announce that it has filed today a final base shelf prospectus (the "Shelf Prospectus") with the securities regulatory authorities in each of the provinces and territories of Canada.\nThe Shelf Prospectus will be valid for a 25-month period, during which time the Company may issue common shares, warrants, subscription receipts, units, debt securities, and share purchase contracts (the "Securities") in amounts at prices and on terms based on market conditions at the time of sale and set forth in an accompanying prospectus supplement ("Prospectus Supplement"), having an aggregate offering amount of up to US$100 million.\nUnless otherwise specified in a Prospectus Supplement, the net proceeds from the sale of Securities may be used for general corporate and working capital requirements, funding ongoing operations, to repay indebtedness outstanding from time to time, to complete future acquisitions, or for other corporate purposes. Each Prospectus Supplement will contain specific information concerning the use of proceeds from that sale of Se
**Last 60 Days of Bitcoin's Closing Prices:**
[18177.48, 19625.84, 18803.00, 19201.09, 19445.40, 18699.77, 19154.23, 19345.12, 19191.63, 18321.14, 18553.92, 18264.99, 18058.90, 18803.66, 19142.38, 19246.64, 19417.08, 21310.60, 22805.16, 23137.96, 23869.83, 23477.29, 22803.08, 23783.03, 23241.35, 23735.95, 24664.79, 26437.04, 26272.29, 27084.81, 27362.44, 28840.95, 29001.72, 29374.15, 32127.27, 32782.02, 31971.91, 33992.43, 36824.36, 39371.04, 40797.61, 40254.55, 38356.44, 35566.66, 33922.96, 37316.36, 39187.33, 36825.37, 36178.14, 35791.28, 36630.07, 36069.80, 35547.75, 30825.70, 33005.76, 32067.64, 32289.38, 32366.39, 32569.85, 30432.55]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2021-01-28
**Financial & Commodity Data:**
- Gold Closing Price: $1837.90
- Crude Oil Closing Price: $52.34
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $584,711,724,106
- Hash Rate: 150095785.47639358
- Transaction Count: 325146.0
- Unique Addresses: 767142.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.55
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: This article was originally published on ETFTrends.com. With more attention on environmental, social, and governance investments, some warn of a potential bubble forming in high-flying socially responsible companies, but ESG investors may not mind. For instance, Tesla is trading at more than 1,000 times trailing earnings, and a fund that tracks the Nasdaq clean energy index trades at 52 times trailing earnings or almost double the overall market's current historically high multiples, reflecting the current euphoria in green energy, Greg Ip writes for the Wall Street Journal . “The bubble in renewables is probably the stupidest that I have seen in my career,” Charles Gave, chairman of money manager and research firm Gavekal, wrote last month. While some bubbles can be destructive, like the one that initiated the financial meltdown of 2008, the bubble in green energy may be socially constructive to ESG investors' goal of doing good. There is little incentive for risky innovation in the private markets since shareholders only capture a portion of the benefits, but the current bubble could provide the needed capital on new ventures to push the green tech envelope, even if the ventures fail. Tesla has benefited from this bubble-like pricing as it has perennially run the risk of running out of funding when transitioning from a niche seller to a mass manufacturer. Green energy may also benefit from its reliance on technology, along with advances in tech that would provide greater efficiencies down the line. “The key technologies of renewable energy systems—solar, wind, and batteries—… follow a learning curve: each doubling of their installed capacity leads to the same decline of costs,” Max Roser, founder of Our World in Data, said in a note, pointing out that between 2009 and 2019, the cost of photovoltaic solar power fell 89%, of onshore wind by 70%, whereas the cost of gas- and coal-generated power, which depend mostly on the price of the fuel, fell by a third and 2%, respectively. Story continues Looking ahead, demand for these ESG companies may not abate as more retail, and institutional investors look into socially responsible investments that track ESG criteria. POPULAR ARTICLES AND RESOURCES FROM ETFTRENDS.COM SPY ETF Quote VOO ETF Quote QQQ ETF Quote VTI ETF Quote JNUG ETF Quote Top 34 Gold ETFs Top 34 Oil ETFs Top 57 Financials ETFs SoFi Becoming Publicly-Traded via Merger with Social Capital Hedosophia New York Plans Sport Bets, But It May Not All Be Good for Gambling ETF Bitcoin Surges Past $40,000, Sustaining Bitcoin ETF Optimism Stock Index ETFs Gain For Third Day As Political Tensions Abate Small-Cap, Value ETFs Rally on More Stimulus Bets READ MORE AT ETFTRENDS.COM >...
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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34316.39, 34269.52, 33114.36, 33537.18, 35510.29, 37472.09, 36926.07, 38144.31, 39266.01, 38903.44
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['* U.S. economy\'s resilience, strong earnings lift mood * Bitcoin jumped 10% Thursday as riskier assets rebounded * Graphic: World FX rates https://tmsnrt.rs/2RBWI5E By Kevin Buckland TOKYO, Jan 29 (Reuters) - The dollar remained on the back foot on Friday as an improvement in risk appetite sapped demand for the safest assets, with investors taking cheer from U.S. economic data wasn\'t as bad as feared. Wall Street also provided a lift to sentiment, as stocks rebounded after earnings season got off to a strong start and concerns eased around hedge funds selling long positions to cover shorts. The dollar index was little changed at 90.566 early in the Asian day, after slipping 0.1% overnight. The gauge is still on track for a 0.4% weekly advance following safety buying at the start of the week amid concerns that President Joe Biden\'s fiscal spending package will not be as large as the proposed $1.9 trillion. However, many analysts expect the dollar to return to the downward trend that saw it lose nearly 7% of its value last year, particularly with the Federal Reserve committed to ultra-easy monetary policy. "Wide expectations of that huge issuance that\'s coming and the support of the Fed mean that we\'re looking in the medium-term for further U.S. dollar weakness," said Michael McCarthy, chief strategist at CMC Markets in Sydney. "The flipside of the reversal in risk appetite is we\'re seeing good support for commodity currencies," like the Australian dollar, he added. The Aussie was about flat at 76.75 U.S. cents after rising 0.2% overnight. The euro was little changed at $1.21175 after edging higher in the previous session. The dollar advanced 0.1% to 104.335 yen, another traditional safe haven, adding to the previous day\'s gains of about 0.2%. Bitcoin continued to edge higher, trading at $33,899, after surging more than 10% on Thursday. The world\'s most popular cryptocurrency has been consolidating since touching a record high of $42,000 earlier this month. ======================================================== Currency bid prices at 9:23AM (023 GMT) Description RIC Last U.S. Close Pct Change YTD Pct High Bid Low Bid Previous Change Session Euro/Dollar $1.2119 $1.2121 -0.01% -0.80% +1.2125 +1.2118 Dollar/Yen 104.3670 104.2100 +0.16% +1.06% +104.3800 +104.2750 Euro/Yen 126.50 126.35 +0.12% -0.33% +126.5100 +126.3300 Dollar/Swiss 0.8886 0.8887 +0.00% +0.45% +0.8887 +0.0000 Sterling/Dollar 1.3719 1.3724 -0.01% +0.45% +1.3729 +1.3720 Dollar/Canadian 1.2828 1.2829 -0.02% +0.73% +1.2831 +1.2819 Aussie/Dollar 0.7672 0.7676 -0.02% -0.23% +0.7682 +0.7670 NZ 0.7173 0.7175 +0.00% -0.08% +0.7177 +0.7171 Dollar/Dollar All spots Tokyo spots Europe spots Volatilities Tokyo Forex market info from BOJ (Reporting by Kevin Buckland; editing by Richard Pullin)', '* U.S. economy\'s resilience, strong earnings lift mood * Bitcoin jumped 10% Thursday as riskier assets rebounded * Graphic: World FX rates https://tmsnrt.rs/2RBWI5E By Kevin Buckland TOKYO, Jan 29 (Reuters) - The dollar remained on the back foot on Friday as an improvement in risk appetite sapped demand for the safest assets, with investors taking cheer from U.S. economic data wasn\'t as bad as feared. Wall Street also provided a lift to sentiment, as stocks rebounded after earnings season got off to a strong start and concerns eased around hedge funds selling long positions to cover shorts. The dollar index was little changed at 90.566 early in the Asian day, after slipping 0.1% overnight. The gauge is still on track for a 0.4% weekly advance following safety buying at the start of the week amid concerns that President Joe Biden\'s fiscal spending package will not be as large as the proposed $1.9 trillion. However, many analysts expect the dollar to return to the downward trend that saw it lose nearly 7% of its value last year, particularly with the Federal Reserve committed to ultra-easy monetary policy. "Wide expectations of that huge issuance that\'s coming and the support of the Fed mean that we\'re looking in the medium-term for further U.S. dollar weakness," said Michael McCarthy, chief strategist at CMC Markets in Sydney. "The flipside of the reversal in risk appetite is we\'re seeing good support for commodity currencies," like the Australian dollar, he added. The Aussie was about flat at 76.75 U.S. cents after rising 0.2% overnight. The euro was little changed at $1.21175 after edging higher in the previous session. The dollar advanced 0.1% to 104.335 yen, another traditional safe haven, adding to the previous day\'s gains of about 0.2%. Bitcoin continued to edge higher, trading at $33,899, after surging more than 10% on Thursday. The world\'s most popular cryptocurrency has been consolidating since touching a record high of $42,000 earlier this month. ======================================================== Currency bid prices at 9:23AM (023 GMT) Description RIC Last U.S. Close Pct Change YTD Pct High Bid Low Bid Previous Change Session Euro/Dollar $1.2119 $1.2121 -0.01% -0.80% +1.2125 +1.2118 Dollar/Yen 104.3670 104.2100 +0.16% +1.06% +104.3800 +104.2750 Euro/Yen 126.50 126.35 +0.12% -0.33% +126.5100 +126.3300 Dollar/Swiss 0.8886 0.8887 +0.00% +0.45% +0.8887 +0.0000 Sterling/Dollar 1.3719 1.3724 -0.01% +0.45% +1.3729 +1.3720 Dollar/Canadian 1.2828 1.2829 -0.02% +0.73% +1.2831 +1.2819 Aussie/Dollar 0.7672 0.7676 -0.02% -0.23% +0.7682 +0.7670 NZ 0.7173 0.7175 +0.00% -0.08% +0.7177 +0.7171 Dollar/Dollar All spots Tokyo spots Europe spots Volatilities Tokyo Forex market info from BOJ (Reporting by Kevin Buckland; editing by Richard Pullin)', 'Bitcoin , BTC to USD, rallied by 9.70% on Thursday. Partially reversing a 6.45% slide from Wednesday, Bitcoin ended the day at $33,373.0. A mixed start to the day saw Bitcoin fall to an early morning intraday low $29,918.0 before making a move. Steering clear of the first major support level at $28,938, Bitcoin rallied to a late intraday high $33,800.0. Bitcoin broke through the first major resistance level at $32,251 and the 38.2% FIB of $33,008. Falling short of the second major resistance level at $34,080, Bitcoin eased back to end the day at sub-$33,500 levels. The near-term bullish trend remained intact, in spite of the recent sell-off. For the bears, Bitcoin would need to slide through the 62% FIB of $18,504 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was a mixed day on Thursday. Polkadot fell by 0.58% to buck the trend on the day. It was a bullish day the rest of the majors, however. Cardano’s ADA and Chainlink rallied by 10.70% and by 9.82% to lead the way. Ethereum (+7.46%) and Litecoin (+8.89%) also found strong support. Binance Coin (+4.16%), Bitcoin Cash SV (+3.49%), Crypto.com Coin (+6.38%), and Ripple’s XRP (+5.63%) trailed the front runners. In the current week, the crypto total market cap rose to a Monday high $1,038.16bn before falling to a Wednesday low $847.51bn. At the time of writing, the total market cap stood at $990.18bn. Bitcoin’s dominance rose from a Monday low 62.54% to a Monday high 64.32%. At the time of writing, Bitcoin’s dominance stood at 64.02%. This Morning At the time of writing, Bitcoin was up by 1.82% to $33,979.0. A bullish start to the day saw Bitcoin rise from an early morning low $33,337.0 to a high $34,300.0. Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was a mixed start to the morning. Polkadot was down by 0.86% to buck the trend early on. It was a bullish start for the rest of the majors, however. At the time of writing, Litecoin was up by 3.08% to lead the way. Story continues For the Bitcoin Day Ahead Bitcoin would need to avoid a fall through the 23.6% FIB of $33,008 and the pivot level at $32,364 to bring the first major resistance level at $34,809 into play. Support from the broader market would be needed for Bitcoin to break out from the morning high $34,300.0. Barring an extended crypto rally, the first major resistance level and resistance at $35,000 would likely cap any upside. In the event of an extended crypto rally, Bitcoin could test resistance at $37,000 before any pullback. The second major resistance level sits at $36,246. Failure to avoid a fall through the 23.6% FIB and the $32,364 pivot would bring the first major support level at $30,927 into play. Barring an extended crypto sell-off, Bitcoin should steer clear of sub-$30,000 levels. The second major support level sits at $28,482. This article was originally posted on FX Empire More From FXEMPIRE: E-mini S&P 500 Index (ES) Futures Technical Analysis – Strengthens Over 3801.75, Weakens Under 3782.75 E-mini Dow Jones Industrial Average (YM) Futures Technical Analysis – Strong Over 30715, Weak Under 30569 Economic Data Puts the EUR, the Greenback, and the Loonie in Focus The Crypto Daily – Movers and Shakers – January 29th, 2021 Salesforce Correction May Be Over Natural Gas Price Prediction – Prices Slip Following Inventory Report', 'Bitcoin, BTC to USD, rallied by 9.70% on Thursday. Partially reversing a 6.45% slide from Wednesday, Bitcoin ended the day at $33,373.0.\nA mixed start to the day saw Bitcoin fall to an early morning intraday low $29,918.0 before making a move.\nSteering clear of the first major support level at $28,938, Bitcoin rallied to a late intraday high $33,800.0.\nBitcoin broke through the first major resistance level at $32,251 and the 38.2% FIB of $33,008.\nFalling short of the second major resistance level at $34,080, Bitcoin eased back to end the day at sub-$33,500 levels.\nThe near-term bullish trend remained intact, in spite of the recent sell-off. For the bears, Bitcoin would need to slide through the 62% FIB of $18,504 to form a near-term bearish trend.\nAcross the rest of the majors, it was a mixed day on Thursday.\nPolkadot fell by 0.58% to buck the trend on the day.\nIt was a bullish day the rest of the majors, however.\nCardano’s ADAandChainlinkrallied by 10.70% and by 9.82% to lead t
**Last 60 Days of Bitcoin's Closing Prices:**
[19625.84, 18803.00, 19201.09, 19445.40, 18699.77, 19154.23, 19345.12, 19191.63, 18321.14, 18553.92, 18264.99, 18058.90, 18803.66, 19142.38, 19246.64, 19417.08, 21310.60, 22805.16, 23137.96, 23869.83, 23477.29, 22803.08, 23783.03, 23241.35, 23735.95, 24664.79, 26437.04, 26272.29, 27084.81, 27362.44, 28840.95, 29001.72, 29374.15, 32127.27, 32782.02, 31971.91, 33992.43, 36824.36, 39371.04, 40797.61, 40254.55, 38356.44, 35566.66, 33922.96, 37316.36, 39187.33, 36825.37, 36178.14, 35791.28, 36630.07, 36069.80, 35547.75, 30825.70, 33005.76, 32067.64, 32289.38, 32366.39, 32569.85, 30432.55, 33466.10]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2021-01-29
**Financial & Commodity Data:**
- Gold Closing Price: $1847.30
- Crude Oil Closing Price: $52.20
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $682,692,244,894
- Hash Rate: 157341788.913185
- Transaction Count: 341036.0
- Unique Addresses: 888960.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.77
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Digital asset management firm CoinShares announced Monday it’s launching an exchange-traded bitcoin product (ETP) on Swiss stock exchange SIX, according to a Bloomberg report. The ETP will go live on Jan. 19 and will be listed under the ticker BITC. Bitcoin ETPs provide exposure to bitcoin in a regulated asset class. In contrast to the U.S., where regulators have been loathe to sign off on bitcoin ETF applications, there are already several entities offering crypto-backed products across Europe. The product’s assets will be custodied by Komainu, a venture that launched about a year ago involving Nomura Holdings, CoinShares and Ledger. BITC will charge a 0.98% expense ratio and will be physically backed by bitcoin. Just last week, digital asset-backed securities developer ETC Group announced it would list a physically backed bitcoin ETP on SIX. ETC Group was the 34th ETP provider on the exchange, making CoinShares the 35th. Related Stories CoinShares to Launch a Bitcoin ETP on SIX Swiss Exchange CoinShares to Launch a Bitcoin ETP on SIX Swiss Exchange CoinShares to Launch a Bitcoin ETP on SIX Swiss Exchange CoinShares to Launch a Bitcoin ETP on SIX Swiss Exchange...
- Reddit Posts (Sample): [['u/wakgill', 'A personal BTC payment story (or, why BTC can never be global cash)...', 32, '2021-01-29 00:13', 'https://www.reddit.com/r/btc/comments/l7c2ey/a_personal_btc_payment_story_or_why_btc_can_never/', '*I know I\'m preaching to the choir but I got so pissed today during my BTC payment that I wanted to write a note about it.*\n\nA lot of us gave up on using BTC as a payments tool a long time ago, so while we know it\'s terrible and we can point to confirmation times and fees, there\'s nothing like personally experiencing it once or twice to remind you *just how awful it really is* and the magnitude of the damage caused by the vacuous morons who run the Twitter mobs that stopped BTC from scaling.\n\n**Backstory**\n\nOne of my goals for 2021 is to reduce my exposure to fiat and traditional banking as much as possible. Reasons should be obvious to anyone looking around. Most of the world spent the last year under house arrest and we learned just how willing people are to accept Orwellian takeover of all areas of our lives. The mixed economy is revealing itself more than ever to be what Steve Patterson called today "the extended State," censoring information, canceling accounts, de-personing people, all in all serving the ends of totalitarianism around the world. Scary times, so I think one is being irresponsible in not reducing their risk surface here.\n\nThe three forks of Bitcoin (BCH, BSV and BTC) make up a large portion of the strategy in achieving that goal, so obviously being able to pay with them without converting to fiat on an exchange (an attack surface) is very important.\n\nFor any kind of commerce, 9/10 I use BCH and my [Bitcoin.com](https://Bitcoin.com) wallet. It\'s awesome. You use it once and you realise big-block Bitcoin is the best payments tool ever created. BSV works great too but it doesn\'t have anywhere near the adoption that BCH has in payments and Craig\'s shenanigans make it increasingly unlikely companies are going to integrate it because who wants to deal with people like that?\n\n**Today**\n\nToday I had to pay with BTC. I don\'t do it too often but in this particular case there was a giftcard I needed to buy that was only available on BitRefill as far as I could tell. I paid for the $400 card + a $17.50 fee, waited an hour then drove a half hour to the store. I was in the store for another hour but when it came time to pay the transaction still hadn\'t confirmed.\n\nI waited another half hour and meanwhile I\'m on Twitter reading idiots in the Bitcoin Mini space talking about how everyone needs to buy Bitcoin (BTC) to escape companies like Robinhood censoring your economic activity and you just can\'t help but scream inside a bit because BTC literally cannot handle many more people trying to join to escape this BS. I paid roughly a 5% fee on my transaction and still can\'t buy anything at the store after several hours. It gets much, much worse from here. You\'d see confirmations taking weeks and weeks, or months, if all the economic activity around GameStop lately tried to join BTC to escape economic censorship.\n\nAnd of course the added irony is that it is 100% censorable. It\'s not just that everyone is going to have to use custodial payment options, or that fees are going to be so high only banks and Michael Saylor (who has probably never used Bitcoin) will use the chain, it\'s also that the wait period for confirmations will have a similar chilling effect that economic censorship has.\n\nI waited...and waited...but I was on a pretty tight schedule so I decided to just pay with credit card like all the Bitcoin Minimalists tell you to. I drove home and in total it\'s been nearly six hours and there\'s still no confirmation.\n\nSure, sure I could have a "lower time preference..." like the Minimalists say, and I\'m all about that, but in this case the purchase was time sensitive! Dead economic time like that really costs a lot of money and it can do a lot of other personal damage. Couldn\'t wait.\n\n**Conclusion**\n\nSo now I\'ve got $400 on my credit card and a $400 gift card (plus fees) I have no use for that I still can\'t spend, and I\'m lucky I can afford it but keep in mind a few things:\n\n\\- The fee alone can buy people several meals in countries that need it most.\n\n\\- Most people today would just have to wait until the transaction finally did confirm because it would be too expensive to eat the cost twice by paying with a credit card after the fact. Economic activity slows accordingly.\n\n\\- Slow confirmation times are an attack opportunity for state actors. Not everyone has the luxury of having a low time preference.\n\nThey say Bitcoin isn\'t for buying coffee but if it\'s not for $400 payments either then what good is it? Interbank transfers?\n\nThis is not the revolution that got many of us so excited years ago.\n\nI said "one of my goals for 2021 is to reduce my exposure to fiat and traditional banking as much as possible," and I know I\'m not alone in this goal, but that is impossible to achieve on BTC because it has been artificially rate limited by dummies, trolls and saboteurs. Minis pushing that dream are living in a fantasy. It\'s never going to happen.\n\n**Living off of Bitcoin and the damage Core did**\n\nBig-block Bitcoin is the obvious choice, but right now we\'re stuck with the unfortunate reality that BTC is the market leader and both BCH and BSV, and just about everything else, have lost significant value vs BTC, and best money needs to not only be good for payments but also storing value against other assets.\n\nIt\'s just a sad fact that it\'s hard to fully live off BCH if it\'s not yet a good store of value. But from my own experience today it\'s clearly impossible to live off BTC now. I make quite a few transactions everyday and I can\'t wait 5+ hours every time. Forget about the fees.\n\nSo looking at it all in whole, you can begin to see the damage that was really done. Bitcoin was split into a mainstream version that is entirely useless as a payments tool but has the network effect and branding that gives it the kind of price appreciation that attracts more people, and a less mainstream version that is amazing for payments but struggles against a 1000 alt coins for network and market share which makes it less useful and less threatening.\n\nHard to believe that wasn\'t intentional.....\n\nNow more than ever people are looking for ways to opt out of the current system, but we just aren\'t there yet. We would be if BTC had just raised the blocksize years ago. We\'d have a true digital store of value that was incredible for moving any amount of money around the world at fast speeds and low costs. But god I hope we get there soon before the dark suits start shilling for a Digital USD which will of course be a horrible thing for freedom everywhere and might also suck a lot of the life out of crypto for some time.\n\nKeep building BCH!', 'https://www.reddit.com/r/btc/comments/l7c2ey/a_personal_btc_payment_story_or_why_btc_can_never/', 'l7c2ey', [['u/kamchii', 13, '2021-01-29 00:36', 'https://www.reddit.com/r/btc/comments/l7c2ey/a_personal_btc_payment_story_or_why_btc_can_never/gl5x51z/', "RBF invalidates your entire argument, and it's a core foundation of BTC's design that you can't explain away. BTC is broken as a currency.", 'l7c2ey'], ['u/Remora_101', 10, '2021-01-29 01:44', 'https://www.reddit.com/r/btc/comments/l7c2ey/a_personal_btc_payment_story_or_why_btc_can_never/gl66eb1/', 'post it in r/bitcoin if you are not banned yet.', 'l7c2ey']]], ['u/Twoehy', 'Almost there. Any day now', 30, '2021-01-29 00:21', 'https://www.reddit.com/r/btc/comments/l7c8zn/almost_there_any_day_now/', '[https://bitinfocharts.com/comparison/transactions-btc-bch.html#3m](https://bitinfocharts.com/comparison/transactions-btc-bch.html#3m)', 'https://www.reddit.com/r/btc/comments/l7c8zn/almost_there_any_day_now/', 'l7c8zn', [['u/knowbodynows', 11, '2021-01-29 00:32', 'https://www.reddit.com/r/btc/comments/l7c8zn/almost_there_any_day_now/gl5wi0w/', 'Meanwhile Doge & LTC txs are ⬇️ in the same period.\n\nBCH is killing this metric. Next stop after BTC: ETH.', 'l7c8zn']]], ['u/trehvy', 'Do not sell doge', 697, '2021-01-29 01:30', 'https://www.reddit.com/r/wallstreetbets_/comments/l7dwih/do_not_sell_doge/', 'We control the market. We decide how much it’s worth. The longer we hold the more money we make. We don’t sell until we come together & agree on a BIG number. Until then WE HOLD FOREVER ✋🏾✋🏾✋🏾💎💎 WE WILL MAKE THIS THE NEXT BITCOIN\n\nDIAMONDS ARE MADE UNDER PRESSURE YOU GOT THIS , TRUST ME\n\nIf u do decide to sell you’re just doing the real diamond hands a favor. The real diamond hands know what big dips mean 😏\n\nI’m not a financial advisor, I’m just a retard I have no clue what I’m talking about don’t listen to me', 'https://www.reddit.com/r/wallstreetbets_/comments/l7dwih/do_not_sell_doge/', 'l7dwih', [['u/Blackout_Garage', 20, '2021-01-29 01:32', 'https://www.reddit.com/r/wallstreetbets_/comments/l7dwih/do_not_sell_doge/gl64snq/', 'Yes! HOLD!!!', 'l7dwih'], ['u/MonsoonQueen9081', 11, '2021-01-29 01:34', 'https://www.reddit.com/r/wallstreetbets_/comments/l7dwih/do_not_sell_doge/gl6544l/', 'Holding! \n\nSolidarity', 'l7dwih'], ['u/Fit_Understanding_55', 22, '2021-01-29 01:40', 'https://www.reddit.com/r/wallstreetbets_/comments/l7dwih/do_not_sell_doge/gl65xpg/', '66k shares here.. no selling.. nothing ventured nothing made..', 'l7dwih'], ['u/WendersonMateusuk', 12, '2021-01-29 02:11', 'https://www.reddit.com/r/wallstreetbets_/comments/l7dwih/do_not_sell_doge/gl6a12n/', 'I just bought 140,363,975🤤🤤🤤🤤', 'l7dwih'], ['u/here4stockideas', 19, '2021-01-29 02:13', 'https://www.reddit.com/r/wallstreetbets_/comments/l7dwih/do_not_sell_doge/gl6ad0j/', 'Robinhood is messing with Doge buying at the moment. Its criminal!!! First they claimed "maintenance", now "your order may not execute". Screw those bastards!!!! Double down time. 🚀🚀🚀🚀🚀🚀🚀🚀🛸🛸🛸', 'l7dwih'], ['u/go...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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34269.52, 33114.36, 33537.18, 35510.29, 37472.09, 36926.07, 38144.31, 39266.01, 38903.44, 46196.46
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['At the height of the cryptocurrency boom, the manager of the Bank for International Settlements (BIS) , Agustín Carstens , warned about the dangers of investing in them. The former finance secretary warned that Bitcoin is increasingly vulnerable and could completely collapse . Yesterday, January 27, during the policy seminar of the Hoover Institution , the Mexican economist said that Bitcoin is a speculative asset, not money . \x93Investors should be aware that Bitcoin can completely crash. Scarcity and crypto alone are not enough to guarantee exchange, " explained Carstens , adding that " Bitcoin is increasingly vulnerable . To know more: What is the \'death cross\' that heralds the sharp fall of Bitcoin? The also former governor of Banco de México , affirms that central banks must control the issuance and management of digital money . Consider that they have the financial structure to guarantee the stability of the cryptocurrencies . \x93For digital money to exist, the central bank must play a fundamental role, guaranteeing the stability of the value, ensuring the elasticity of the aggregate supply of said money and overseeing the general security of the system. Such a system must not fail and cannot tolerate serious errors , \x94Carstens said. pic.twitter.com/18523AdPeg - Bitcoin (@Bitcoin) January 29, 2021 The BIS manager said that other private stablecoin projects, such as Facebook\'s , are more credible than Bitcoin , but need to be regulated. "In general, private stablecoins cannot serve as the foundation for a sound monetary system ," he said. \x93But to remain credible, they must be strictly regulated and supervised. They must build on the foundations and confidence that the existing central banks give them and, therefore, be part of the existing financial system . Story continues See Also: Bitcoin May Never Go Over $ 40,000 Again, JP Morgan Alerts For now, many countries are targeting Central Bank digital currencies (CBDC) . In fact, 86% of major central banks are actively exploring CBDCs , according to a recent BIS survey. Carstens indicated that national CBDCs would be used in various ways, such as the transmission of monetary policy and the management of interest rates. He explained that they should be complementary to the existing cash system , as completely replacing all bank accounts and cash with digital money is "undesirable" and "unrealistic ."', 'At the height of thecryptocurrencyboom, themanager of the Bank for International Settlements (BIS),Agustín Carstens, warned about the dangers of investing in them. Theformer finance secretarywarned thatBitcoinis increasinglyvulnerableandcould completely collapse.\nYesterday, January 27, during the policy seminar of theHoover Institution, the Mexican economist said thatBitcoin is a speculative asset, not money.\n“Investors should be aware thatBitcoincan completely crash. Scarcity and crypto alone are not enough to guarantee exchange, "explainedCarstens, adding that"Bitcoinis increasingly vulnerable.\n• To know more:What is the \'death cross\' that heralds the sharp fall of Bitcoin?\nThe alsoformer governor of Banco de México, affirms thatcentral banks must control the issuance and management of digital money. Consider that they have the financial structure to guarantee thestability of the cryptocurrencies.\n“For digital money to exist, the central bank must play a fundamental role, guaranteeing the stability of the value, ensuring the elasticity of the aggregate supply of said money and overseeing the general security of the system. Such a system must not fail and cannot tolerate serious errors,”Carstenssaid.\nTheBIS managersaid that other privatestablecoinprojects, such asFacebook\'s, are more credible thanBitcoin, but need to be regulated.\n"In general, private stablecoins cannot serve as the foundation for a sound monetary system," he said.“But to remain credible, they must be strictly regulated and supervised. They must build on the foundations and confidence that the existing central banks give them and, therefore, be part of the existing financial system.\n• See Also:Bitcoin May Never Go Over $ 40,000 Again, JP Morgan Alerts\nFor now, many countries are targetingCentral Bank digital currencies (CBDC). In fact, 86% of major central banks are actively exploringCBDCs, according to a recentBISsurvey.\nCarstensindicated thatnational CBDCs wouldbe used in various ways, such as the transmission of monetary policy and the management of interest rates. He explained that they should becomplementary to the existing cash system, as completely replacing all bank accounts and cash with digital money is"undesirable"and"unrealistic."', 'At the height of thecryptocurrencyboom, themanager of the Bank for International Settlements (BIS),Agustín Carstens, warned about the dangers of investing in them. Theformer finance secretarywarned thatBitcoinis increasinglyvulnerableandcould completely collapse.\nYesterday, January 27, during the policy seminar of theHoover Institution, the Mexican economist said thatBitcoin is a speculative asset, not money.\n“Investors should be aware thatBitcoincan completely crash. Scarcity and crypto alone are not enough to guarantee exchange, "explainedCarstens, adding that"Bitcoinis increasingly vulnerable.\n• To know more:What is the \'death cross\' that heralds the sharp fall of Bitcoin?\nThe alsoformer governor of Banco de México, affirms thatcentral banks must control the issuance and management of digital money. Consider that they have the financial structure to guarantee thestability of the cryptocurrencies.\n“For digital money to exist, the central bank must play a fundamental role, guaranteeing the stability of the value, ensuring the elasticity of the aggregate supply of said money and overseeing the general security of the system. Such a system must not fail and cannot tolerate serious errors,”Carstenssaid.\nTheBIS managersaid that other privatestablecoinprojects, such asFacebook\'s, are more credible thanBitcoin, but need to be regulated.\n"In general, private stablecoins cannot serve as the foundation for a sound monetary system," he said.“But to remain credible, they must be strictly regulated and supervised. They must build on the foundations and confidence that the existing central banks give them and, therefore, be part of the existing financial system.\n• See Also:Bitcoin May Never Go Over $ 40,000 Again, JP Morgan Alerts\nFor now, many countries are targetingCentral Bank digital currencies (CBDC). In fact, 86% of major central banks are actively exploringCBDCs, according to a recentBISsurvey.\nCarstensindicated thatnational CBDCs wouldbe used in various ways, such as the transmission of monetary policy and the management of interest rates. He explained that they should becomplementary to the existing cash system, as completely replacing all bank accounts and cash with digital money is"undesirable"and"unrealistic."', 'Bitcoin , BTC to USD, rose by 2.63% on Friday. Following on from a 9.70% rally on Thursday, Bitcoin ended the day at $34,253.0. A mixed start to the day saw Bitcoin fall to a late morning intraday low $31,987.0 before making a move. While steering clear of the first major support level at $30,927, Bitcoin fell through the 23.6% FIB of $33,008. Finding late morning support, Bitcoin rallied to an early afternoon intraday high $38,710.7 before hitting reverse. Bitcoin broke through the first major resistance level at $34,809 and the second major resistance level at $36,246. More significantly, Bitcoin also broke back through the 23.6% FIB of $33,008. The reversal, however, saw Bitcoin slide back through the major resistance levels to revisit sub-$34,000 levels. Steering clear of the 23.6% FIB, Bitcoin moved back through to $34,000 levels to deliver the upside on the day. The near-term bullish trend remained intact, in spite of the recent sell-off. For the bears, Bitcoin would need to slide through the 62% FIB of $18,504 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was a mixed day on Friday. Chainlink (-1.37%) and Polkadot (-2.97%) saw red to buck the trend on the day. It was a bullish day the rest of the majors, however. Ripple’s XRP rallied by 6.89% to lead the pack Ethereum (+3.47%), Crypto.com Coin (+3.65%), and Bitcoin Cash SV (+3.47%) also found strong support. Binance Coin (+0.41%), Cardano’s ADA (+0.60%), and Litecoin (+0.88%) trailed the front runners, however. In the current week, the crypto total market cap fell to a Wednesday low $847.51bn before rising to a Friday high $1,136.27bn. At the time of writing, the total market cap stood at $997.86bn. Bitcoin’s dominance rose from a Monday low 62.54% to a Friday high 65.93%. At the time of writing, Bitcoin’s dominance stood at 64.21%. This Morning At the time of writing, Bitcoin was up by 0.69% to $34,490.0. A mixed start to the day saw Bitcoin fall to an early morning low $34,244.7 before striking a high $34,900.0. Story continues Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was a mixed start to the day. Bitcoin Cash SV and Ripple’s XRP were up by 1.12% and by 0.52% to join Bitcoin in the green. It was a bearish start for the rest of the majors, however. At the time of writing, Crypto.com Coin was down by 4.09% to lead the way down. For the Bitcoin Day Ahead Bitcoin would need to move through the pivot level at $34,984 to bring the first major resistance level at $37,980 into play. Support from the broader market would be needed for Bitcoin to break back through to $37,000 levels. Barring an extended crypto rally, the first major resistance level and Friday’s high $38,710.7 would likely cap any upside. In the event of an extended crypto rally, Bitcoin could test resistance at $40,000 before any pullback. The second major resistance level sits at $41,707. Failure to move through the $34,984 pivot would bring 23.6% FIB of $33,008 and the first major support level at
**Last 60 Days of Bitcoin's Closing Prices:**
[18803.00, 19201.09, 19445.40, 18699.77, 19154.23, 19345.12, 19191.63, 18321.14, 18553.92, 18264.99, 18058.90, 18803.66, 19142.38, 19246.64, 19417.08, 21310.60, 22805.16, 23137.96, 23869.83, 23477.29, 22803.08, 23783.03, 23241.35, 23735.95, 24664.79, 26437.04, 26272.29, 27084.81, 27362.44, 28840.95, 29001.72, 29374.15, 32127.27, 32782.02, 31971.91, 33992.43, 36824.36, 39371.04, 40797.61, 40254.55, 38356.44, 35566.66, 33922.96, 37316.36, 39187.33, 36825.37, 36178.14, 35791.28, 36630.07, 36069.80, 35547.75, 30825.70, 33005.76, 32067.64, 32289.38, 32366.39, 32569.85, 30432.55, 33466.10, 34316.39]
Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2021-01-30
**Financial & Commodity Data:**
- Gold Closing Price: $1847.30
- Crude Oil Closing Price: $52.20
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $682,692,244,894
- Hash Rate: 140779495.34337604
- Transaction Count: 312313.0
- Unique Addresses: 756022.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.76
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Bitcoin (BTC) was higher on Monday at around $33,000, rebounding after a 9.9% drop in the seven days through Sunday, the biggest weekly drop since August. “Bitcoin is seeing some consolidation itself after surviving another run at $30,000,” Craig Erlam, senior market analyst for the London-based foreign exchange brokerage Oanda, wrote Monday in an investor update. “A move back above $35,000 may start to change the conversation but the trend is against it these last few weeks and a move lower still looks more likely.” Ether (ETH), the main cryptocurrency of the Ethereum blockchain, rose early Monday to a new all-time high price of $1,476.12. Ether, which is the second-biggest digital asset by market value after bitcoin, has nearly doubled just in January alone. Related: More Institutional Investors Are Buying Ether, Seeing It as a Store of Value “Given the dip from bitcoin and the steadiness of [ether], we could see investors move capital into the latter as they look for the next crypto asset that is going to perform in the current bull run,” David Derhy, an analyst with the trading platform eToro, said in emailed comments. Read More: Big Investors Stacked up Ether as Price Rose to Record High In traditional markets , Asian and European shares rose and U.S. stock futures pointed to a higher open as investors weighed the odds of more economic stimulus. Gold strengthened 0.4% to $1,864 an ounce. Market moves Bitcoin is coming off its worst week in almost five months, but the main takeaway, according to veteran digital-market traders and analysts, is that it wasn’t really all that bad. Related: Market Wrap: Bitcoin Hits $34.8K While Ether Volatility Skyrockets A quick glance at price charts shows that declines at least as large as last week’s 9.9% retreat have happened nine times in the past two years. And the cryptocurrency’s price has risen so dramatically and consistently over the period that those prior corrections almost look quaint. The worst sell-off in recent memory was the 33.5% weekly plunge in March 2020, when the devastating economic toll of the coronavirus became clear to global investors. But in absolute dollar terms, that $2,690 drop was less than last week’s $3,950 loss, showing just how far bitcoin’s price has climbed since then. Story continues According to Kraken, the cryptocurrency exchange, buyers appeared to materialize last week whenever prices fell to about $30,000. That’s just above the $29,112 level where bitcoin started off the year, following a 2020 when it quadrupled in price. “While 10%+ drawdowns shake conviction, these moves have been met with strong bids,” Delphi Digital, a cryptocurrency analysis firm, told clients Friday in a note. “Shaking out profit takers and ‘weak hands’ is necessary for BTC to make strides upwards.” According to Chainalysis, a blockchain-analysis firm, bitcoin’s recent rally to new record highs above $40,000 may have been too much to resist for speculators who have only recently nosed into the cryptocurrency arena, lured by the outsize returns of recent years. “New buyer behavior is still a major source of medium-term price volatility and is currently elevated,” Philip Gradwell, chief economist for New York-based Chainalysis, wrote Friday. “It is important to restate that the bitcoin price is still at historically very high levels.” Ryan Selkis, CEO of the digital-markets analysis firm Messari, wrote that last week’s tumble “looked like a nice little dip for new buyers, and a wealth transfer from some of the weakest-handed sellers I’ve seen in crypto to those with an actual investment thesis.” Data extracted from the bitcoin blockchain network show the number of addresses with at least 1,000 or more bitcoins increased last week – an indication that large institutional buyers may have been stepping into the market as prices dipped, CoinDesk’s Muyao Shen reported Friday . “The buying pressure seen in the lower bounds of the current range have been solid,” Matt Blom, head of sales and trading at the cryptocurrency exchange firm EQUOS, told clients early Monday in a note. “The selling pressure above is in no way weaker. If bulls manage to break out, though, the move to the next level ($34,855) could be explosive and even take us further, back to the upper $38Ks.” The upshot? Further downside might still be in store, but the limited scope of last week’s price decline reveals plenty of demand for bitcoin at levels well above prices that prevailed in 2020. – Bradley Keoun Bitcoin watch The bitcoin market is showing signs of weakening demand from U.S.-based institutions, according to Singapore-based trading firm QCP Capital. Comparing bitcoin’s price moves during Asia daytime hours and American hours (split into 12 hours each) shows a clear pattern of relentless buying during the North American trading hours and selling in Asia, mainly by large investors (known as whales) and cryptocurrency miners. The pattern emerged following the March 2020 price crash and had endured until two weeks ago when bitcoin reached record highs above $41,900. Since then, the strength during U.S. hours has lost momentum, QCP Capital noted in its Telegram channel. The flat-to-negative “Coinbase Premium” – the spread between Coinbase’s BTC/USD pair and Binance’s BTC/USDT pair, which includes the stablecoin tether – also suggests absence of strong demand from high-net-worth individuals and institutions. “I’ll keep my bearish bias until there are significant Coinbase premium and Coinbase outflow,” Ki Young Ju, CEO of blockchain analytics firm CryptoQuant, tweeted on Sunday. “BTC needs [U.S. dollar] spot inflows from institutional investors to start the next bull run.” As such, odds appear stacked against the cryptocurrency keeping gains above $33,000. “We could be in for a classic ‘W’ bottom when the first bounce off the lows is met by another batch of selling before it eventually bounces back for real,” David Lifchitz, chief investment officer of the Paris-based quantitative trading firm ExoAlpha, told CoinDesk in a WhatsApp chat. – Omkar Godbole Token watch Ether ( ETH ): Three reasons to be bullish include next month’s CME futures launch, the planned transition to 2.0 “staking network” and possible token burns via the EIP 1559 update ( CoinDesk ) Chainlink ( LINK ): Data-oracle token hits new all-time high price above $25 ( CoinDesk ) What’s hot Key executive at Huobi crypto exchange said to be taken into custody by Chinese police in investigation related to over-the-counter trading service. ( CoinDesk ) Valkyrie digital assets files application to SEC for bitcoin exchange-traded fund, joining VanEck in struggle to win U.S. regulatory approval. ( CoinDesk ) Wladimir van der Laan, lead maintainer of Bitcoin Core, key software underpinning Bitcoin network, seeks to move further into the “ background ” for the sake of decentralizing the project, following criticism of his decision to pull Bitcoin white paper from bitcoincore.org. ( CoinDesk ) Crypto exchange Coinbase now has more than $90 billion of assets on platform and more than 43 million registered users. ( CoinDesk ) Singapore exchange and state-owned investment firm Temasek announce joint digital-asset venture focused on capital markets. ( CoinDesk ) New Innovation Hub from Bank of International Settlements (the central bank for central banks) plans platform for testing central bank digital currencies. ( CoinDesk ) Coinbase to offer secondary market for private shares ahead of public stock listing, as pre-IPO contracts change hands at valuation of more than $70 billion. ( The Block ) CNBC stock-picking personality Jim Cramer suggests winner of $731 million Powerball jackpot should put 5% of newfound fortune in bitcoin. ( CoinDesk ) MicroStrategy’s $650 million of convertible bonds offer “very little downside and an almost-free call option on bitcoin,” writes Bill Miller IV , portfolio manager for investing legend Bill Miller’s Miller Value Partners. ( Miller Value Partners ) Bloomberg senior ETF analyst Eric Balchunas argues that SEC is long “past due” in approving a bitcoin ETF. ( Bloomberg Opinion ) Crypto Twitter trader/analyst @CryptoCapo_ says drop in open interest in coin-margined bitcon-derivatives contracts signals market bottom is in. ( Daily Hodl ) “New U.S. regulations regarding non-custodial wallets may push more cryptocurrency users to skip the exchanges altogether and use their coins to directly buy and sell goods and services,” Joel Valenzuela writes. ( Cointelegraph ) Analogs The latest on the economy and traditional finance U.S. President Biden unlikely to raise taxes anywhere close to covering his spending proposals. ( NYT ) Biden to push Congress on stimulus after senators question cost. ( Bloomberg ) China overtakes U.S. as world’s leading destination for foreign direct investment. ( WSJ ) Investor demand for lowest-rated junk bonds pushes yields to record lows; index of triple-C-rated corporate bonds drops to all-time low of 6.42%, below where 10-year U.S. Treasury-bond yields traded for most of the 1970s, 1980s and 1990s, ( WSJ ) Goldman Sachs stock-underwriting fees surged to $3.41 billion in 2020, more than double the prior year’s amount, buoyed by IPOs for SPACs. ( WSJ ) One-third of staff may work from home permanently post-coronavirus. ( Bloomberg ) Coronavirus financial toll mounts as homeowners keep postponing mortgage payments. ( WSJ ) Tweet of the day Related Stories First Mover: Bitcoin Flushes ‘Weak Hands’ as Ethereum Hits New All-Time High First Mover: Bitcoin Flushes ‘Weak Hands’ as Ethereum Hits New All-Time High...
- Reddit Posts (Sample): [['u/tddorrian112', 'Am I wrong?', 36, '2021-01-30 00:01', 'https://www.reddit.com/r/Bitcoin/comments/l872mb/am_i_wrong/', ' \n\nIm in my 50s, been middle class all my life, have no debt, sold my house just recently and moved across country with my wife. I recently lost my job due to unforeseen circumstances, and no jobs in my area in my career, but my wife works has a good job and we are currently renting a home to live in. Been struggling with money all my life, for reasons I wont get into, lets just say stupidity and a divorce when I was younger as well as losing a house and all my equity in the 2008 housing crisis really screwed me over. I had to start over since then.\n\nI have a few bitcoin I have saved and all I really want is enough money from BTC to buy a house free and clear. maybe 300k or so and im cashing in. My reason is that both my parents died in their 60s and who knows how long I have. I just would like a place to own free and clear with no mortgage so me and my wife can take it easy a bit. I can hodl forever but honestly what good will that do me if im dead in 10 years.. Am I wrong for thinking this way?', 'https://www.reddit.com/r/Bitcoin/comments/l872mb/am_i_wrong/', 'l872mb', [['u/Benjamincito', 38, '2021-01-30 00:03', 'https://www.reddit.com/r/Bitcoin/comments/l872mb/am_i_wrong/glay8jl/', 'You know your exit point\n\nBe brave and execute', 'l872mb'], ['u/DudeIncogneto', 15, '2021-01-30 00:04', 'https://www.reddit.com/r/Bitcoin/comments/l872mb/am_i_wrong/glayden/', 'It is your bitcoin you are allowed to do with it what you want.', 'l872mb'], ['u/GroundbreakingAd4386', 21, '2021-01-30 00:04', 'https://www.reddit.com/r/Bitcoin/comments/l872mb/am_i_wrong/glayedi/', 'We each have our own ‘moon’. Take yours when you land there! Good luck!', 'l872mb']]], ['u/iupac256', 'Atomic Wallet is a financial fraud, stay away from them.', 27, '2021-01-30 00:26', 'https://www.reddit.com/r/atomicwallet/comments/l87pdx/atomic_wallet_is_a_financial_fraud_stay_away_from/', "29/01/2021 2:16 am GMT I buy Doge Coin with £148.65 ($200, btw they should have taken £145.76 pounds but they want an entire £3 for forex) from Atomic Wallet using my debit card, payment goes through right away, but:\n\n1. Instead of getting DOGE I get **0.0054437** BTC but only **0.0054068** BTC goes to my account, worth $ 184.01 at 2:42 ( 26 minutes )\n2. I request it to be exchanged all of it for DOGE right away but only **0.00517378** BTC was deducted for the exchange but my account was empty now and at 23:00 the exchange finished after 21 hours.\n3. At 2:16 I would have gotten 4,843 DOGE Coin according to their prices from a $200 investment. Which I would have sold for $407 , again according to their graph.\n4. Due to the latency on their side, the Doge Coin I have at this moment is worth $126, so due to their unethical conduct I have lost 281$ , assuming they don't charge me extra bogus fees. \nIf anyone experienced similar problems and loss due to their fraudulent conduct contact me to unify our case and take back what is rightfully ours, through lawful manners, like a lawsuit.\n\nhttps://preview.redd.it/pxxxmdfivce61.png?width=1305&format=png&auto=webp&s=e206491ae3d042a2ff562c537d9bcfdf709f506a", 'https://www.reddit.com/r/atomicwallet/comments/l87pdx/atomic_wallet_is_a_financial_fraud_stay_away_from/', 'l87pdx', [['u/ReArrangeUrFACE', 10, '2021-01-30 00:57', 'https://www.reddit.com/r/atomicwallet/comments/l87pdx/atomic_wallet_is_a_financial_fraud_stay_away_from/glb5ccf/', 'this is the worst wallet i have EVER dealt with by FAR', 'l87pdx']]], ['u/FoxMulderOrwell', "GME. The fall, the rise, and the soon to be aftermath that will cement crypto and Bitcoin forever.... as if it wasn't already.", 94, '2021-01-30 00:50', 'https://www.reddit.com/r/CryptoCurrency/comments/l889f4/gme_the_fall_the_rise_and_the_soon_to_be/', 'For most of us regulars here the writing is on the wall just as it was for Satoshi back in 2008. This GME fiasco is yet another prime example of the corporate elite, banksters, government leaders, and billionaires and the rigged game they play. That\'s what birthed bitcoin, and this round 2 is going to cement it.\n\nThe GME stuff hasn\'t ended yet and nobody knows exactly how it will all play out, but there is one thing that is certain. Some regular joe\'s will lose their shirts, regulations will change against us peasants, the banksters and hedges will lick their wounds and you guessed it... still be billionaires.\n\nThe game is rigged, we found a flaw, we exploited it fair and square, it will be fixed and the game restarted with even worse odd for us. \n\nThis is going to cement Bitcoin with 1000 foot deep pilings. The people who are trying to change the rules on wallstreet midgame are the same that say "bitcoin is too speculative and manipulative". NAhhhhhh that\'s bullshit. What they mean is they can\'t be the ones who control it in any real capacity. That\'s why they don\'t want it. GME made that ever more evident. \n\nBuckle up ladies and gents. Bitcoin and crypto are here to fucking stay and the fallout from GME is going to send this shit higher and higher. There\'s no denying the need for crypto and blockchain now. Not a single fucking thing negative can be said that isn\'t laden with hypocrisy and contradiction, not when you got billionaires crying foul about losing their own game. There\'s outrage and the hammer is gonna come down over a publicly traded company being publicly traded by the public in public for all to see. How dare citizens do that!(sarcasm)\n\nThat\'s fucked. I\'m in on crypto 100%. "Bad retirement plan?" Yeah tell me how investing in a market with shorts is a good idea again.\n\nGet on the train, tell your friends and family, there aint shit they can say about bitcoin now.', 'https://www.reddit.com/r/CryptoCurrency/comments/l889f4/gme_the_fall_the_rise_and_the_soon_to_be/', 'l889f4', [['u/Stobie', 14, '2021-01-30 03:23', 'https://www.reddit.com/r/CryptoCurrency/comments/l889f4/gme_the_fall_the_rise_and_the_soon_to_be/glbnbbh/', "Bitcoin isn't really relevant to this, it's Ethereum which can replace it.", 'l889f4']]], ['u/TheACT', 'Exchanging Bitcoin for Dogecoin - Canada', 10, '2021-01-30 00:54', 'https://www.reddit.com/r/NiceHash/comments/l88ckv/exchanging_bitcoin_for_dogecoin_canada/', "I'm wondering if anyone exchanges their nicehash bitcoin for dogecoin, what site do you use? Looks like a good time to exchange", 'https://www.reddit.com/r/NiceHash/comments/l88ckv/exchanging_bitcoin_for_dogecoin_canada/', 'l88ckv', [['u/wingracer', 18, '2021-01-30 02:11', 'https://www.reddit.com/r/NiceHash/comments/l88ckv/exchanging_bitcoin_for_dogecoin_canada/glbegp5/', "Brilliant plan. Buy high, sell low. It's the American dream.\n\nedit: and perhaps the Canadian dream too", 'l88ckv']]], ['u/Apvthy', 'Serious question about doge', 15, '2021-01-30 01:14', 'https://www.reddit.com/r/dogecoin/comments/l88sgs/serious_question_about_doge/', "So i bought 100$ worth of doge yesterday and i'm holding. As of right now i'm down 30$. Now my question is mostly directed to actual crypto veterans and not to those who just hopped on the bandwagon without even knowing what they're doing. How exactly are we supposed to get this crypto to $1 if we can't even make it past .05? Especially considering that this crypto isn't finite like bitcoin or eth for example? I'm starting to lose faith in the hype and i realistically don't see how i will ever be making profit from this. People keep saying to hold but the longer we hold the more i see the value of the coin going down... Shouldn't it be the opposite?", 'https://www.reddit.com/r/dogecoin/comments/l88sgs/serious_question_about_doge/', 'l88sgs', [['u/Muted_Jaguar6408', 11, '2021-01-30 01:15', 'https://www.reddit.com/r/dogecoin/comments/l88sgs/serious_question_about_doge/glb7ntz/', 'It’s been a day give it some time. Hardly anyone gets rich overnight', 'l88sgs']]], ['u/doungen_', '🚀DOGECOIN - How to buy DOGE COIN with cheapest trading fee🚀', 128, '2021-01-30 01:22', 'https://www.reddit.com/r/dogecoin/comments/l88yrw/dogecoin_how_to_buy_doge_coin_with_cheapest/', 'Hello, in the next steps you will learn how to buy DOGE / Dogecoin with cheapest fees. Available everywhere except the US.\n\n**Step 1** Sign up at Binance via: [https://www.binance.com/en/register?ref=E92EN0TU](https://www.binance.com/en/register?ref=E92EN0TU) \\- Save 10% trading fees with my link\n\n**Step 2** Go to Wallet > Fiat & Spot > Deposit > Verify your identity for depositing via Bank and make a deposit. Otherwise skip the verification and deposit via Crypto. Always check that the correct receiving address is entered of your Spot Wallet.\n\n**Step 3** EUR = On the top click "Markets" then search for "DOGE" and click on "DOGE / EUR".\n\nOtherwise: [https://www.binance.com/en/trade/DOGE\\_EUR](https://www.binance.com/en/trade/DOGE_EUR) \\- You can use Limit and Market order. Limit: You need to enter an buy Price. Market: At the next best possible price. Now move the slider to 100% or how much u want to buy and click on "buy DOGE".\n\n\\-\n\nCrypto / BTC example = On the top click "Markets" then search for "DOGE" and click on "DOGE / BTC"(Or first u need to change your deposited Coins to one of the DOGE trading pairs (BTC/BUSD/USDT).\n\nOtherwise: [https://www.binance.com/en/trade/DOGE\\_BTC](https://www.binance.com/en/trade/DOGE_BTC) \\- You can use Limit and Market order. Limit: You need to enter an buy Price. Market: At the next best possible price. Now move the slider to 100% or how much u want to buy and click on "buy DOGE".\n\n**Step 4** Now you can check your Wallet. On the top click Wallet > Fiat and Spot. Otherwise: [https://www.binance.com/en/my/wallet/account/main](https://www.binance.com/en/my/wallet/account/main)\n\n**Step 5** HODL it!\n\nIf you have questions, just ask and i will try to help you.\n\n&#x200B;\n\n**Nice to know - Save 25% more fees** [https://www.b...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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33114.36, 33537.18, 35510.29, 37472.09, 36926.07, 38144.31, 39266.01, 38903.44, 46196.46, 46481.11
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Bitcoin , BTC to USD, rose by 0.17% on Saturday. Following on from a 2.63% gain on Friday, Bitcoin ended the day at $34,341.0. A mixed start to the day saw Bitcoin rise to an early morning intraday high $34,929.0 before hitting reverse. Falling short of the first major resistance level at $37,980, Bitcoin fell to an early morning intraday low $32,827.0. While steering clear of the first major support level at $31,256, Bitcoin fell through the 23.6% FIB of $33,008. Finding support through the rest of the day, Bitcoin broke back through the 23.6% FIB to revisit $34,800 levels before easing back. The near-term bullish trend remained intact, in spite of the recent sell-off. For the bears, Bitcoin would need to slide through the 62% FIB of $18,504 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was a mixed day on Saturday. Crypto.com Coin (-6.77%), Litecoin (-0.94%), and Polkadot (-1.59%) saw red to buck the trend. It was a bullish day for the rest of the majors, however. Ripple’s XRP surged by 56.84% to lead the day. Binance Coin (+4.64%), Cardano’s ADA (+4.95%), and Chainlink (+3.91%) also found strong support. Bitcoin Cash SV (+0.57%) trailed the front runners, with Ethereum ending the day flat. In the current week, the crypto total market cap fell to a Wednesday low $847.51bn before rising to a Friday high $1,136.27bn. At the time of writing, the total market cap stood at $1,005.74bn. Bitcoin’s dominance rose from a Monday low 62.54% to a Friday high 65.93%. At the time of writing, Bitcoin’s dominance stood at 63.40%. This Morning At the time of writing, Bitcoin was down by 0.24% to $34,260.0. A mixed start to the day saw Bitcoin rise to an early morning high $34,407.0 before falling to a low $34,091.0 Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was a mixed start to the day. Binance Coin (+0.18%), Bitcoin Cash SV (+0.57%), Chainlink (+0.84%), and Polkadot (+0.23%) found early support. Story continues It was a bearish start for the rest of the majors, however. At the time of writing, Ripple’s XRP was down by 2.70% to lead the way down. For the Bitcoin Day Ahead Bitcoin would need to avoid a fall through the pivot level at $34,032 to bring the first major resistance level at $35,238 into play. Support from the broader market would be needed for Bitcoin to break out from Saturday’s high $34,929.0. Barring an extended crypto rally, the first major resistance level and resistance at $35,500 would likely cap any upside. In the event of an extended crypto rally, Bitcoin could test resistance at $37,000 before any pullback. The second major resistance level sits at $36,134. Failure to avoid a fall through the $34,032 pivot would bring the first major support level at $33,136 and the 23.6% FIB of $33,008 into play. Barring an extended crypto sell-off, Bitcoin should steer clear of sub-$32,000 levels. The second major support level sits at $31,930. This article was originally posted on FX Empire More From FXEMPIRE: European Equities: A Week in Review – 29/01/21 AUD/USD Forex Technical Analysis – Weakness Under .7678 with .7592-.7579 Next Potential Downside Targets USD/JPY Forex Technical Analysis – Safe-Haven Buying Spikes Dollar/Yen to Highest Level Since Mid-November S&P 500 Price Weekly Price Forecast – Stock Markets Have Tough Week Natural Gas Price Forecast – Natural Gas Markets Drop to end the Week The Crypto Daily – Movers and Shakers – January 31st, 2021', 'Bitcoin, BTC to USD, rose by 0.17% on Saturday. Following on from a 2.63% gain on Friday, Bitcoin ended the day at $34,341.0.\nA mixed start to the day saw Bitcoin rise to an early morning intraday high $34,929.0 before hitting reverse.\nFalling short of the first major resistance level at $37,980, Bitcoin fell to an early morning intraday low $32,827.0.\nWhile steering clear of the first major support level at $31,256, Bitcoin fell through the 23.6% FIB of $33,008.\nFinding support through the rest of the day, Bitcoin broke back through the 23.6% FIB to revisit $34,800 levels before easing back.\nThe near-term bullish trend remained intact, in spite of the recent sell-off. For the bears, Bitcoin would need to slide through the 62% FIB of $18,504 to form a near-term bearish trend.\nAcross the rest of the majors, it was a mixed day on Saturday.\nCrypto.com Coin(-6.77%),Litecoin(-0.94%), and Polkadot (-1.59%) saw red to buck the trend.\nIt was a bullish day for the rest of the majors, however.\nRipple’s XRPsurged by 56.84% to lead the day.\nBinance Coin(+4.64%),Cardano’s ADA(+4.95%), andChainlink(+3.91%) also found strong support.\nBitcoin Cash SV(+0.57%) trailed the front runners, withEthereumending the day flat.\nIn the current week, the crypto total market cap fell to a Wednesday low $847.51bn before rising to a Friday high $1,136.27bn. At the time of writing, the total market cap stood at $1,005.74bn.\nBitcoin’s dominance rose from a Monday low 62.54% to a Friday high 65.93%. At the time of writing, Bitcoin’s dominance stood at 63.40%.\nAt the time of writing, Bitcoin was down by 0.24% to $34,260.0. A mixed start to the day saw Bitcoin rise to an early morning high $34,407.0 before falling to a low $34,091.0\nBitcoin left the major support and resistance levels untested early on.\nElsewhere, it was a mixed start to the day.\nBinance Coin (+0.18%), Bitcoin Cash SV (+0.57%), Chainlink (+0.84%), and Polkadot (+0.23%) found early support.\nIt was a bearish start for the rest of the majors, however.\nAt the time of writing, Ripple’s XRP was down by 2.70% to lead the way down.\nBitcoin would need to avoid a fall through the pivot level at $34,032 to bring the first major resistance level at $35,238 into play.\nSupport from the broader market would be needed for Bitcoin to break out from Saturday’s high $34,929.0.\nBarring an extended crypto rally, the first major resistance level and resistance at $35,500 would likely cap any upside.\nIn the event of an extended crypto rally, Bitcoin could test resistance at $37,000 before any pullback. The second major resistance level sits at $36,134.\nFailure to avoid a fall through the $34,032 pivot would bring the first major support level at $33,136 and the 23.6% FIB of $33,008 into play.\nBarring an extended crypto sell-off, Bitcoin should steer clear of sub-$32,000 levels. The second major support level sits at $31,930.\nThisarticlewas originally posted on FX Empire\n• European Equities: A Week in Review – 29/01/21\n• AUD/USD Forex Technical Analysis – Weakness Under .7678 with .7592-.7579 Next Potential Downside Targets\n• USD/JPY Forex Technical Analysis – Safe-Haven Buying Spikes Dollar/Yen to Highest Level Since Mid-November\n• S&P 500 Price Weekly Price Forecast – Stock Markets Have Tough Week\n• Natural Gas Price Forecast – Natural Gas Markets Drop to end the Week\n• The Crypto Daily – Movers and Shakers – January 31st, 2021', 'Thus should you be casually queried off-the-cuff as to the present price of Gold , your simply responding “1850” without nary a thought ought be fairly spot on, impressively making you appear as one “in the know.” But year-to-date, the precious metals story (albeit somewhat stealthily) is Silver . For have you been watching the Gold/Silver ratio of late? We have as it has its own dedicated cell on our key screen of live data. Which is why for the first time “in forever” we of a sudden sat bolt upright this past Thursday in taking notice of said ratio being sub-70x! “Is it live? Or is it Memorex?”, (i.e. on tape from nearly four years ago). For that was the last instance of the Gold/Silver ratio being below 70x: 17 April, 2017 at 69.9x. Fast forward that tape to today and the ratio is now 68.4x. The millennium-to-date average of the Gold/Silver ratio is 66.2x such that ’tis fair to say these two precious metals are well within a standard deviation of having returned to being on “par” with one another. (For those of your caring to include a full generation prior, said average ratio as dated from 1975 is 59.7x). Either way, here’s the daily graphic across these past twenty years (plus one month) of the Gold/Silver ratio with its average as having evolved throughout: Indeed peeking back to The Gold Update of 04 April 2020 (“Gold Losing A Gear As Markets Are Losing their Fear”), we therein penned: “…the Gold/Silver ratio … [is] a staggeringly high 113.5x, nearly double the millennium-to-date average…” On that date, the price of Silver was 14.53: today at 27.06 ’tis +86.3% since then; (Gold across the same time frame is but a comparable +12.2%). Hence the race back to a more realistic reading. And clearly ’tis not because of any fallout in Gold. Rather, ’tis due to Silver finally garnering long-overdue committed notice by getting much more of a bid than has Gold in recent months. Even for just this brief year so far, Gold is -2.7% — in last place by the BEGOS Market Standings — but Silver in second place is +2.0%. Here’s the table with 2021’s first trading month officially in the books: Story continues ‘Course Oil +7.7% is the big winner thus far in 2021, clearly being cushioned by the nixing of new StateSide energy facilities, (the void of which hardly shall be filled by substantive “green” sources perhaps for decades). But again as to Sweet Sister Silver’s outlook for the balance of this year: should the Gold/Silver ratio of, let’s say 70x, be maintained and Gold touch our forecast high of 2401 , that mathematically would see Silver at 34.30 … “Got Silver?” As for the present we’ve got Gold by its weekly bars from a year ago-to-date, price’s churning nonetheless keeping the relatively fresh parabolic Long trend intact, its fourth blue dot appearing as shown. But priced at 1850 with the “flip to Short” price at 1779, such distance of 71 points is basically the same of that portrayed a week ago, which given the present “expected weekly trading range” of 70 points still finds this Long trend technically subject to
**Last 60 Days of Bitcoin's Closing Prices:**
[19201.09, 19445.40, 18699.77, 19154.23, 19345.12, 19191.63, 18321.14, 18553.92, 18264.99, 18058.90, 18803.66, 19142.38, 19246.64, 19417.08, 21310.60, 22805.16, 23137.96, 23869.83, 23477.29, 22803.08, 23783.03, 23241.35, 23735.95, 24664.79, 26437.04, 26272.29, 27084.81, 27362.44, 28840.95, 29001.72, 29374.15, 32127.27, 32782.02, 31971.91, 33992.43, 36824.36, 39371.04, 40797.61, 40254.55, 38356.44, 35566.66, 33922.96, 37316.36, 39187.33, 36825.37, 36178.14, 35791.28, 36630.07, 36069.80, 35547.75, 30825.70, 33005.76, 32067.64, 32289.38, 32366.39, 32569.85, 30432.55, 33466.10, 34316.39, 34269.52]
Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2021-01-31
**Financial & Commodity Data:**
- Gold Closing Price: $1847.30
- Crude Oil Closing Price: $52.20
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $682,692,244,894
- Hash Rate: 149060642.12828052
- Transaction Count: 290753.0
- Unique Addresses: 702062.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.78
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: After a year of uncertainty and financial turmoil caused by the pandemic, many are optimistic that 2021 will be much better and things will start to go back to normal, thanks largely to the rollout of vaccines in some countries. But despite the COVID -related global financial downturn, one sector has bucked the trend and is projected to climb even higher this year. People know it as the cryptocurrency sector, led by Bitcoin. If you have money to spare and youre willing to try a high-yield but high-risk investment, you might want to look at cryptocurrencies . But before you do, you must be warned that these digital assets are highly volatile and there are equal chances of earning big or going bust. Take for instance the meteoric rise of the price of Bitcoin , which reached almost $20,000 at the end of 2017 only to plummet to about $3,500 in November 2018. With that in mind, it is important to educate yourself about crypto investing and minimize mistakes to get ahead in the market. Cryptocurrency Investment Mistakes To Avoid Investing Without Knowing Whether its cryptocurrency or any other asset, the first thing to remember in investing is to educate yourself and understand what youre getting yourself into. Before you even invest a single cent, you need to allocate some time in learning about the basics of crypto investing. Crypto investment remains unpredictable and risky and if you dont know what youre doing, you can end up losing money. Below are some of the basic things you need to know about crypto money: It's completely digital and therefore it is not physically represented like metallic coins or paper money. In fact, cryptocurrencies exist only in the digital world or in computers. It's universal. You can use digital money across different countries and borders. If you have Bitcoin , for example, you can pay a seller in Australia or Morocco whos also using it. You don't have to think about exchanging it for local currency such as Australian Dollar or Moroccan Dirham. It's peer to peer. A crypto transaction only occurs online. So, you can only transfer digital money to another person virtually. It's decentralized. You have the sole responsibility of keeping track of your own crypto money. There are no central banks and financial institutions that govern or protect cryptocurrencies and the investments therein. It's encrypted. The reason why it's called crypto is that it is hidden. Users are given long strings of alpha-numeric codes and are not even required to use their real names or addresses to open a crypto investment. Story continues So, if you invest in this type of asset, you should know that you are responsible for your own money. If you encounter problems with your investment, you cant get assistance from your Central Bank, the Securities and Exchange Commission, or a Depository Insurance Company because crypto is completely decentralized and unregulated. Thinking Cryptocurrency Is Foolproof Encrypted does not mean secure. If theres one mistake that newbie investors in crypto markets make, its thinking that the encrypted nature of a digital currency is enough to make it secure. Encryption makes it confidential, but it doesn't mean cryptocurrencies can't be hacked or stolen. As mentioned above, this type of asset is decentralized, so keeping your digital money safe will be your sole responsibility. Here are some tips that can keep your investment protected: Don't share your keys with anyone. Since cryptocurrency is represented by codes or keys, you need to make sure to keep the codes to yourself. If you need to write it down, keep it inside a vault or a safety deposit box. If you must keep it in a document or text file, be sure that your computer is secure. Once somebody gets your keys, they can use it without your knowledge. Don't leave your crypto coins in exchanges for long periods, no matter how popular the exchange is. Although crypto exchanges have security measures in place, they have been a favourite target for many hackers. Thus, you don't want to just simply leave your digital assets in an exchange for a long time and then pray that it won't be hacked. Store your crypto coins in a digital wallet. Choose one that offers features and protocols that will best suit your needs and budget. But don't focus only on the features, you also need to check out the credibility, performance, and reputation of the company. It is important to choose a wallet from a company that you can trust. Not Paying Attention To The Math When investing in anything, keep your eyes on the prize. With Bitcoins projected rise in 2021 , you need to focus on the profit potential. But how will you know that you are indeed making a profit if you don't pay attention to the numbers? For example, you need to look at transaction fees. Since cryptocurrencies can be very volatile, it is not surprising to see multiple price changes within a day or even an hour. If you want to take advantage of these changes, you must consider transaction fees because it could take out a significant portion of your gains. Another thing to remember is taxes. In Canada and the U.S., you need to pay capital gains per transaction. So, if you trade excessively, your profits might turn into losses just because you failed to include fees and taxes into your computations. Making Crypto Investment Decisions Based on Emotions HODL, FOMO, and FUD are just some of the acronyms you will encounter in crypto investing. Each of these represents some kind of strategy but are emotion-driven at the same time, which should not drive your investment decisions. HODL means to hold on to your investment no matter how volatile the market is. This is okay. But sometimes, you just don't have time to wait for a good return on your investment. When that happens, cutting off your losses is a better choice. FOMO or Fear of Missing Out means buying on the hype because you just want to follow the trend. This is the most dangerous one because you would be susceptible to fly-by-night schemes or scams. Lastly, FUD stands for Fear, Uncertainty, and Doubt. FUD may prevent you from investing in crypto even if the research stats or market sentiments are telling you that its a good time to invest. Investing in Just One Crypto Bitcoin is the holy grail of cryptocurrencies. While its having a bull run right now, it can still plummet and trigger huge losses at any given period. Therefore, it is best to diversify your digital assets. Many other cryptocurrencies can offer you good returns like Ethereum and Altcoin. Dont put all your money in just one crypto. Much like the old adage in investing, dont put all your eggs in one basket. Conclusion In a survey conducted by Deutsche Bank , 41% of investors believe that the price of Bitcoin will be between $20,000 and $49,999 in 2021, up from almost $10,000 in January of 2020. When Bitcoin rises, other altcoins usually follow the trend. This means that cryptocurrencies, in general, are expected to perform well this year. But just like any other type of commodity or asset, investing in cryptocurrencies can end in huge losses if you dont know what youre doing. The highly volatile market can give you huge profit opportunities, but it comes at a price. You need to learn about the right way to invest in crypto assets. And before you dip your toes, you have to have a high-risk appetite when it comes to investing....
- Reddit Posts (Sample): [['u/notyouagain2', 'In less than 6hrs, BTC will have sustained $30k for 30 consecutive days.', 3399, '2021-01-31 00:15', 'https://www.reddit.com/r/Bitcoin/comments/l8yhg0/in_less_than_6hrs_btc_will_have_sustained_30k_for/', 'What a glorious month!\n\nP S - Fuck Wall St.', 'https://www.reddit.com/r/Bitcoin/comments/l8yhg0/in_less_than_6hrs_btc_will_have_sustained_30k_for/', 'l8yhg0', [['u/whatsgoodbruvv', 322, '2021-01-31 00:21', 'https://www.reddit.com/r/Bitcoin/comments/l8yhg0/in_less_than_6hrs_btc_will_have_sustained_30k_for/glf5dfl/', 'Bitcoin tested 29k a few days ago lol', 'l8yhg0'], ['u/fosteju', 40, '2021-01-31 00:31', 'https://www.reddit.com/r/Bitcoin/comments/l8yhg0/in_less_than_6hrs_btc_will_have_sustained_30k_for/glf6mua/', 'Yes and then immediately jumped 10-20%', 'l8yhg0'], ['u/imivani', 412, '2021-01-31 00:34', 'https://www.reddit.com/r/Bitcoin/comments/l8yhg0/in_less_than_6hrs_btc_will_have_sustained_30k_for/glf6vv3/', "That's because buying at $30k is a great price these days", 'l8yhg0'], ['u/disciplinedhodler', 72, '2021-01-31 00:42', 'https://www.reddit.com/r/Bitcoin/comments/l8yhg0/in_less_than_6hrs_btc_will_have_sustained_30k_for/glf7trf/', 'Bitcoin helps me sleep at night.', 'l8yhg0'], ['u/restore_democracy', 218, '2021-01-31 00:58', 'https://www.reddit.com/r/Bitcoin/comments/l8yhg0/in_less_than_6hrs_btc_will_have_sustained_30k_for/glf9q4d/', 'So it’s sustained $29k for 29 days!', 'l8yhg0'], ['u/Confirmation__Bias', 98, '2021-01-31 01:41', 'https://www.reddit.com/r/Bitcoin/comments/l8yhg0/in_less_than_6hrs_btc_will_have_sustained_30k_for/glfeqbl/', 'Not true... Bitcoin went under $30k like 3 different times since it set it’s current all time high', 'l8yhg0'], ['u/mrtuna', 33, '2021-01-31 03:14', 'https://www.reddit.com/r/Bitcoin/comments/l8yhg0/in_less_than_6hrs_btc_will_have_sustained_30k_for/glfpedx/', "So it didn't sustain 30k?", 'l8yhg0'], ['u/Philip_K_Fry', 55, '2021-01-31 03:45', 'https://www.reddit.com/r/Bitcoin/comments/l8yhg0/in_less_than_6hrs_btc_will_have_sustained_30k_for/glfsvyf/', "WTF is BTC closing? That number is completely arbitrary since exchanges run 24/7. Also, I'm pretty sure it dropped to just above 28,000 in the third week of January.\n\nEDIT: So by your chart the 30 day low would be 28,722.76 on Jan 4. It also dipped below 29,000 on Jan 22 and below 30,000 4 days ago on Jan 27. You won't be able to claim a sustained price above 30K until Feb 26 at the earliest.", 'l8yhg0'], ['u/Izrud', 15, '2021-01-31 04:01', 'https://www.reddit.com/r/Bitcoin/comments/l8yhg0/in_less_than_6hrs_btc_will_have_sustained_30k_for/glfuo5x/', 'That\'s not how math works. You cannot "sustain" a price if you go below that price. BTC closing is an absolutely arbitrary measurement and means jack shit in crypto land. \n\nAbsolute highs and lows are the only real measurement here.', 'l8yhg0'], ['u/mrtuna', 20, '2021-01-31 04:25', 'https://www.reddit.com/r/Bitcoin/comments/l8yhg0/in_less_than_6hrs_btc_will_have_sustained_30k_for/glfxfze/', 'Well it kind of invalidates the heading...', 'l8yhg0'], ['u/AngryPazuta', 12, '2021-01-31 05:11', 'https://www.reddit.com/r/Bitcoin/comments/l8yhg0/in_less_than_6hrs_btc_will_have_sustained_30k_for/glg2in6/', "That is when I'll empty my bank acct", 'l8yhg0'], ['u/Chronicles0122', 42, '2021-01-31 05:42', 'https://www.reddit.com/r/Bitcoin/comments/l8yhg0/in_less_than_6hrs_btc_will_have_sustained_30k_for/glg5r0g/', 'Here I’ll give this a go : \nevery day , for 30 consecutive days btc has been at or above 30k at some point during each of those 30 consecutive 24 hour Windows of time. Now everyone can be happy with our new definition. Yay.', 'l8yhg0'], ['u/Mistur_Turtle', 14, '2021-01-31 06:09', 'https://www.reddit.com/r/Bitcoin/comments/l8yhg0/in_less_than_6hrs_btc_will_have_sustained_30k_for/glg8fot/', 'Holy shit some people can really be pedantic lol', 'l8yhg0'], ['u/QuantumColossus', 89, '2021-01-31 06:18', 'https://www.reddit.com/r/Bitcoin/comments/l8yhg0/in_less_than_6hrs_btc_will_have_sustained_30k_for/glg9b26/', 'Its a complete cycle for a fertile female', 'l8yhg0'], ['u/jonoghue', 17, '2021-01-31 06:54', 'https://www.reddit.com/r/Bitcoin/comments/l8yhg0/in_less_than_6hrs_btc_will_have_sustained_30k_for/glgcp05/', "Even though it's >50% from previous ATH, I'm starting to get real ~~board~~ bored of sub $40,000 lol", 'l8yhg0'], ['u/[deleted]', 10, '2021-01-31 07:16', 'https://www.reddit.com/r/Bitcoin/comments/l8yhg0/in_less_than_6hrs_btc_will_have_sustained_30k_for/glgej9e/', "I'm buying the hell out of Bitcoin and have no plan on stopping.", 'l8yhg0'], ['u/9trogenta', 48, '2021-01-31 07:29', 'https://www.reddit.com/r/Bitcoin/comments/l8yhg0/in_less_than_6hrs_btc_will_have_sustained_30k_for/glgfm97/', 'I was in a losing position for years for buying at 12K. I\'ll take that 29K "drop" haha', 'l8yhg0'], ['u/heyheoy', 108, '2021-01-31 07:34', 'https://www.reddit.com/r/Bitcoin/comments/l8yhg0/in_less_than_6hrs_btc_will_have_sustained_30k_for/glgg1q8/', 'indeed, im getting my paycheck this comming week, i will put more money into btc!! Every month a lil stash', 'l8yhg0'], ['u/dickforbrainz420', 24, '2021-01-31 07:57', 'https://www.reddit.com/r/Bitcoin/comments/l8yhg0/in_less_than_6hrs_btc_will_have_sustained_30k_for/glghtbg/', 'This is the way slow and steady my friend', 'l8yhg0'], ['u/tesseramous', 42, '2021-01-31 08:36', 'https://www.reddit.com/r/Bitcoin/comments/l8yhg0/in_less_than_6hrs_btc_will_have_sustained_30k_for/glgko42/', 'Moving Averages:\n\n5-Day\t32,716.44\n\n20-Day\t34,864.36\n\n50-Day\t26,685.96\n\n100-Day\t19,670.13\n\n200-Day\t14,816.46', 'l8yhg0'], ['u/Bkeeneme', 18, '2021-01-31 09:20', 'https://www.reddit.com/r/Bitcoin/comments/l8yhg0/in_less_than_6hrs_btc_will_have_sustained_30k_for/glgnnag/', 'Just wait until the dust settles from GME and no one wants to touch the stock market anymore and those stimulus checks come in. Crypto will go pass the Oort Could. I guarantee it.', 'l8yhg0'], ['u/n0bodyM', 125, '2021-01-31 09:25', 'https://www.reddit.com/r/Bitcoin/comments/l8yhg0/in_less_than_6hrs_btc_will_have_sustained_30k_for/glgnzu6/', "I just got into the cryptocurrency space after seeing the bs going on in Wall Street, and decided to start DCA $20 a week Bitcoin since its the most i can afford. I hope it pays off, I'm a 19 year old working a dead end job, but I see a future in Bitcoin. It really is still early days.", 'l8yhg0'], ['u/Crypto_District', 11, '2021-01-31 09:36', 'https://www.reddit.com/r/Bitcoin/comments/l8yhg0/in_less_than_6hrs_btc_will_have_sustained_30k_for/glgopyq/', 'It will pay off :)', 'l8yhg0'], ['u/thondera', 31, '2021-01-31 10:18', 'https://www.reddit.com/r/Bitcoin/comments/l8yhg0/in_less_than_6hrs_btc_will_have_sustained_30k_for/glgreo0/', 'On Binance (highest volume):\n\nJan 4th, $28,130\n\nJan 5th, $29,900\n\nJan 22nd, $28,850\n\nJan 27th, $29,241\n\nJan 28th, $29,842', 'l8yhg0'], ['u/SeanReillyEsq', 108, '2021-01-31 10:25', 'https://www.reddit.com/r/Bitcoin/comments/l8yhg0/in_less_than_6hrs_btc_will_have_sustained_30k_for/glgrt57/', "Dude do BTC but also invest in yourself. Don't just see BTC as a lottery ticket.\n\nI was same at 19 (actually all the way to 23) dead end retail job, no qualifications, living with parents when it was much easier than it is now to move out, drinking & partying my life away, building up expensive (like 27%) credit card debt.\nBut I decided to start investing in myself, reading books like Rich Dad, Poor Dad, How To Win Friends & Influence People & The Four Hour Work Week. Books like these change your mindset. \nThen learn how to code or use online advertising tools or actively trade Crypto or Forex, learn how Blockchain works or anything else where the barrier to entry is knowledge that you can freely gain from the internet and disciplined use of time. \nThen when you feel you have learnt enough to start (the first 20 hours or so according to Josh Kaufman) risk one of your $20 to prove your knowledge.\nDon't be afraid to fail, or make a fool of yourself. Just take it as a lesson and push forward. \nIf you try this approach you'll be in a better place. It will take time but every step forward you take you'll be amazed.\n\nHopefully then you'll be in a place in 5 years to DCA $200 a month or $2000 or more into BTC", 'l8yhg0'], ['u/ST-Fish', 12, '2021-01-31 10:25', 'https://www.reddit.com/r/Bitcoin/comments/l8yhg0/in_less_than_6hrs_btc_will_have_sustained_30k_for/glgrt74/', "Bitcoin will go beyond 40k by Monday. I know that because Monday is my payday, and I won't be lucky enough to buy that low. Only if I could buy at 30k again. \n\nWhatever, I think it's a safe investment anywhere below 80k", 'l8yhg0'], ['u/ThePolyhistor', 52, '2021-01-31 10:41', 'https://www.reddit.com/r/Bitcoin/comments/l8yhg0/in_less_than_6hrs_btc_will_have_sustained_30k_for/glgstvj/', 'Mindset is important, but be aware that some of those writers you mention are selling you the idea that someday you will also be rich. As long as you buy enough books, listen to enough podcasts and join their seminars.\n\nI would avoid “4 hour work week” and rather invest the time in “fooled by randomness” and “the intelligent investor”.', 'l8yhg0'], ['u/designingtheweb', 13, '2021-01-31 10:55', 'https://www.reddit.com/r/Bitcoin/comments/l8yhg0/in_less_than_6hrs_btc_will_have_sustained_30k_for/glgtmnd/', 'Bitcoin doesn’t close. The markets are 24/7 and it would totally depend on your timezone', 'l8yhg0'], ['u/123Cancun', 12, '2021-01-31 11:03', 'https://www.reddit.com/r/Bitcoin/comments/l8yhg0/in_less_than_6hrs_btc_will_have_sustained_30k_for/glgu5dv/', 'I don’t know women so that’s all you guys', 'l8yhg0'], ['u/lespaul97', 10, '2021-01-31 11:05', 'https://www.reddit.com/r/Bitcoin/comments/l8yhg0/in_less_than_6hrs_btc_will_have_sustained_30k_for/glgu900/', 'agree with fooled by randomness', 'l8yhg0'], ['u/Pufflekun', 24, '2021-01-31 11:39', 'https://www.reddit.com/r/Bitcoin/comments/l8yhg0/in_less_than_6hrs_btc_will_hav...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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33537.18, 35510.29, 37472.09, 36926.07, 38144.31, 39266.01, 38903.44, 46196.46, 46481.11, 44918.18
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
["EXCLUSIVE: Following one of the craziest weeks in Wall Street history, Hollywood already has its sights set on the wild story with a familiar face looking to tell it. Sources tell Deadline that following a competitive situation, MGM has acquired the book proposal The Antisocial Network from New York Times best-selling author Ben Mezrich , which tells one of the biggest news stories of the year, about a ragtag group of amateur investors, gamers, and internet trolls who brought Wall Street to its knees. Even though the story is barely a week old, insiders say Mezrich and his reps took the proposal on the market at the end of the week and by Friday night MGM had moved fast to acquire the rights. The project brings MGM’s Michael DeLuca back together with Mezrich, author of The Accidental Billionaires: The Founding Of Facebook, a Tale Of Sex, Money, Genius and Betrayal, which was adapted into the Academy Award-winning The Social Network that DeLuca produced. More from Deadline AMC Ent. Stock Rises More As Analyst Warns It's Worth A Buck; GameStop Dips, Reddit Furor Grows - From Shares To Silver AMC Stock Roars Back As GameStop Frenzy Resumes; Silver Lake Sells Entire Stake On Runup - Update MGM Nears Deal For Jared Leto-Darren Aronofsky-Jason Blum Package 'Adrift' This latest story seems right up Mezrich’s alley and started when a group of rag-tag investors from the Reddit page called Wall Street Bets banded together to put the squeeze on at least two hedge funds that had bet that Gamestop shares would fall. the hedge funds had been shorting GameStop’s shares, betting that its stock was doomed to further decline, these amateur investors led by the Reddit page began pushing the other way, buying shares and stock options. That caused GameStop’s market value to increase rise over 1,700% since December. Between Tuesday and Wednesday, the market value rose over $10 billion. The fun didn’t stop there as more newcomers to the stock game began looking at other stocks deemed obsolete or super low like Nokia and AMC to try and do the same resulting a major controversy when the trading app RobinHood began putting restrictions on certain stocks. Story continues Its unknown where Mezrich’s story starts and stops but its certainly a story as timely as you can get and clearly something Hollywood was happy to sink its teeth in so soon. Academy Award-nominee Aaron Ryder of Ryder Picture Company (RPC), who recently signed a first look film deal with MGM, will produce. Cameron and Tyler Winklevoss will executive produce via their Winklevoss Pictures production banner. The Project is known to be a priority for MGM’s DeLuca and Pamela Abdy. Johnny Pariseau will oversee for the studio. The book is expected to go to out to publishers for auction in February. Mezrich has written more than 20 books, with well over six million copies sold. His books including Bringing Down The House: The Inside Story of Six M.I.T. Students Sho Took Vegas For Millions , which spent sixty-three weeks on the New York Times bestseller list and was adapted for the screen with the film 21 . The Accidental Billionaires: The Founding Of Facebook, a Tale Of Sex, Money, Genius and Betrayal spent eighteen weeks on the New York Times bestseller list and appeared on hit bestseller lists in over a dozen countries. Mezrich and Aaron Sorkin share a Scripter Award for Best Adapted Screenplay for the film adaptation The Social Network . Mezrich is the only non-fiction author to have two adaptations open #1 at the box office. His book Bitcoin Billionaires was an international bestseller and is being made into a motion picture, as is The Midnight Ride , a novella that was originally published in serialized form by The Boston Globe and will be released by Grand Central in January 2022. The feature rights have been acquired by Amblin Partners. Academy Award-nominee Ryder is a prolific producer, with projects including Denis Villeneuve’s Arrival, starring Amy Adams; Lisa Joy’s Reminiscence starring Hugh Jackman (now in post-production for Warner Bros.); the critically acclaimed Pieces of a Woman starring Vanessa Kirby for Netflix, The Good House for Amblin Pictures, and Greyhound starring Tom Hanks for Apple. He is currently in post on The Map of Tiny Perfect Things for Amazon Studios and is currently in production in Montreal on Damian Szifron’s Misanthrope starring Shailene Woodley, which he is producing for FilmNation Entertainment. As one of the founding members of FilmNation, Ryder contributed greatly to the company’s creative direction and enduring success, producing over a dozen films including: Arrival ; Jeff Nichols’ Mud ; and The Founder , directed by John Lee Hancock and starring Michael Keaton. Ryder’s collaboration with Christopher Nolan runs deep, having produced The Prestige starring Hugh Jackman and Christian Bale and executive producing Memento starring Guy Pearce, which was nominated for two Academy Awards. CAA reps Mezrich’s book. Sign up for Deadline's Newsletter . For the latest news, follow us on Facebook , Twitter , and Instagram .", "EXCLUSIVE: Following one of the craziest weeks in Wall Street history, Hollywood already has its sights set on the wild story with a familiar face looking to tell it. Sources tell Deadline that following a competitive situation, MGM has acquired the book proposal The Antisocial Network from New York Times best-selling author Ben Mezrich , which tells one of the biggest news stories of the year, about a ragtag group of amateur investors, gamers, and internet trolls who brought Wall Street to its knees. Even though the story is barely a week old, insiders say Mezrich and his reps took the proposal on the market at the end of the week and by Friday night MGM had moved fast to acquire the rights. The project brings MGM’s Michael DeLuca back together with Mezrich, author of The Accidental Billionaires: The Founding Of Facebook, a Tale Of Sex, Money, Genius and Betrayal, which was adapted into the Academy Award-winning The Social Network that DeLuca produced. More from Deadline AMC Ent. Stock Rises More As Analyst Warns It's Worth A Buck; GameStop Dips, Reddit Furor Grows - From Shares To Silver AMC Stock Roars Back As GameStop Frenzy Resumes; Silver Lake Sells Entire Stake On Runup - Update MGM Nears Deal For Jared Leto-Darren Aronofsky-Jason Blum Package 'Adrift' This latest story seems right up Mezrich’s alley and started when a group of rag-tag investors from the Reddit page called Wall Street Bets banded together to put the squeeze on at least two hedge funds that had bet that Gamestop shares would fall. the hedge funds had been shorting GameStop’s shares, betting that its stock was doomed to further decline, these amateur investors led by the Reddit page began pushing the other way, buying shares and stock options. That caused GameStop’s market value to increase rise over 1,700% since December. Between Tuesday and Wednesday, the market value rose over $10 billion. The fun didn’t stop there as more newcomers to the stock game began looking at other stocks deemed obsolete or super low like Nokia and AMC to try and do the same resulting a major controversy when the trading app RobinHood began putting restrictions on certain stocks. Story continues Its unknown where Mezrich’s story starts and stops but its certainly a story as timely as you can get and clearly something Hollywood was happy to sink its teeth in so soon. Academy Award-nominee Aaron Ryder of Ryder Picture Company (RPC), who recently signed a first look film deal with MGM, will produce. Cameron and Tyler Winklevoss will executive produce via their Winklevoss Pictures production banner. The Project is known to be a priority for MGM’s DeLuca and Pamela Abdy. Johnny Pariseau will oversee for the studio. The book is expected to go to out to publishers for auction in February. Mezrich has written more than 20 books, with well over six million copies sold. His books including Bringing Down The House: The Inside Story of Six M.I.T. Students Sho Took Vegas For Millions , which spent sixty-three weeks on the New York Times bestseller list and was adapted for the screen with the film 21 . The Accidental Billionaires: The Founding Of Facebook, a Tale Of Sex, Money, Genius and Betrayal spent eighteen weeks on the New York Times bestseller list and appeared on hit bestseller lists in over a dozen countries. Mezrich and Aaron Sorkin share a Scripter Award for Best Adapted Screenplay for the film adaptation The Social Network . Mezrich is the only non-fiction author to have two adaptations open #1 at the box office. His book Bitcoin Billionaires was an international bestseller and is being made into a motion picture, as is The Midnight Ride , a novella that was originally published in serialized form by The Boston Globe and will be released by Grand Central in January 2022. The feature rights have been acquired by Amblin Partners. Academy Award-nominee Ryder is a prolific producer, with projects including Denis Villeneuve’s Arrival, starring Amy Adams; Lisa Joy’s Reminiscence starring Hugh Jackman (now in post-production for Warner Bros.); the critically acclaimed Pieces of a Woman starring Vanessa Kirby for Netflix, The Good House for Amblin Pictures, and Greyhound starring Tom Hanks for Apple. He is currently in post on The Map of Tiny Perfect Things for Amazon Studios and is currently in production in Montreal on Damian Szifron’s Misanthrope starring Shailene Woodley, which he is producing for FilmNation Entertainment. As one of the founding members of FilmNation, Ryder contributed greatly to the company’s creative direction and enduring success, producing over a dozen films including: Arrival ; Jeff Nichols’ Mud ; and The Founder , directed by John Lee Hancock and starring Michael Keaton. Ryder’s collaboration with Christopher Nolan runs deep, having produced The Prestige starring Hugh Jackman and Christian Bale and executive producing Memento starring Guy Pearce, which was n
**Last 60 Days of Bitcoin's Closing Prices:**
[19445.40, 18699.77, 19154.23, 19345.12, 19191.63, 18321.14, 18553.92, 18264.99, 18058.90, 18803.66, 19142.38, 19246.64, 19417.08, 21310.60, 22805.16, 23137.96, 23869.83, 23477.29, 22803.08, 23783.03, 23241.35, 23735.95, 24664.79, 26437.04, 26272.29, 27084.81, 27362.44, 28840.95, 29001.72, 29374.15, 32127.27, 32782.02, 31971.91, 33992.43, 36824.36, 39371.04, 40797.61, 40254.55, 38356.44, 35566.66, 33922.96, 37316.36, 39187.33, 36825.37, 36178.14, 35791.28, 36630.07, 36069.80, 35547.75, 30825.70, 33005.76, 32067.64, 32289.38, 32366.39, 32569.85, 30432.55, 33466.10, 34316.39, 34269.52, 33114.36]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2021-02-01
**Financial & Commodity Data:**
- Gold Closing Price: $1860.80
- Crude Oil Closing Price: $53.55
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $626,070,642,766
- Hash Rate: 124217201.7735671
- Transaction Count: 280863.0
- Unique Addresses: 724841.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.77
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: GameStop!Reddit!Silvermanipulation (that’s been discussed for over two decades)! It’s exciting but pay attention to these more important factors.
Is the above really the key thing that’s happening in the markets right now? No, it’s only the most interesting thing. I admit, what we’re seeing on the Internet right now is truly absorbing, but one should realize that it’s what used to happen multiple times in history. This time it’s simply more visible as the conversations and associated images are publicly available and widely distributed.
In yesterday’s intraday Alert , I commented on the issue of the likely implications of these cumulative purchases on the precious metals market as a whole and what difference they are likely to make over the course of the following months and weeks – next to none.
Well, there is one effect that I’m expecting to see. It’s the increased volatility during the following price declines – likely proportionate to what was so vigorously bought in the last few days.
Figure 1 – GameStop Corporation (GME) – NYSE
The above GameStop chart shows a near-vertical rally, and it also shows the spike in volume. The purchasing power seems to have dried up and the price – as expected – fell. Those, who bought at $300, were already at a 33% loss as of yesterday’s close.
The various forums (other forums joined in, it’s not just Reddit anymore) are filled with messages and images encouraging to “hold”. But sooner or later people will realize that without fresh buyers the price is going to fall, and one by one, they are likely to panic and sell – especially knowing that they won’t be “punished” by the “forum community” in any way, as it’s not known to the forum participants who is selling and when.
The topic of silver manipulation , paper silver andpaper goldreally is older than 20 years, and it’s been mostly the same argument over all those years. The price managed to rally from below $5 to about $50 – if there was a massive long-term manipulation, then it wasn’t particularly effective. If it didn’t prevent silver from rallying so far, then why would it prevent silver from rallying from below $20 to $200? Anyway, this topic is too broad to be fully discussed, even in a lengthy Alert – the point that I want to make here is that nothing new happened in the silver market – it just got more spotlight.
So, what’s more important and timelier than the above topics, even though it doesn’t get as much attention – and can herald a decline in the precious metals?
Figure 2 –S&P 500(ES.F)
First, the almost-confirmed medium-term breakdown in stocks!
On Wednesday, the S&P 500 futures moved visibly below the rising support line and closed below it for the first time. Despite yesterday’s strength, stocks were unable to rally back above it and so far, today, stocks are moving lower. If the S&P 500 futures close today below this line, the breakdown will be confirmed by both: three consecutive daily closes and a weekly close. This will be a bearish sign for the short term.
If stocks slide further shortly, it will be particularly bearish for silver and mining stocks, which means that those who bought yesterday based on forum messages etc. would be likely to find themselves at a loss relatively soon. This, in turn, means that the decline could be quite volatile.
Second, there is also another market that could ignite the powerful decline in the PMs and miners – the rallying USD Index.
Figure 3 – USD Index (DX.F)
Despite the intraday decline, the USDX is once again close to its 2021 highs.
The USD Index is testing its previous 2020 highs, and it might (!) be forming the right shoulder of a short-term head-and-shoulders pattern. The key word here is “might”. If the USDX rallies above its previous highs (about ~91), this pattern will be invalidated and the short-term outlook for the USDX will be clearly bullish. This would also serve as a breakout above the inverse head-and-shoulders pattern (mid-Dec. low being the left shoulder, the early 2021 low being the head, and the recent low being the right shoulder), which would have even more bullish implications (with the price target above 92).
Would this be enough for gold to decline to $1,700? It might not be enough, but it might be enough for the miners to move to my above-mentioned initial downside targets ($31 and $42.5 for GDX and GDXJ, respectively).
So, the bearish storm seems to be brewing. How are the precious metals responding? Let’s take a look at gold.
Figure 4 – COMEX Gold Futures (GC.F)
Gold shrugged off yesterday’s “exciting news” coming from the internet’s forums. It rallied initially, almost touched its declining resistance line, and then reversed, thus erasing the previous gains. It’s now trading pretty much at the same levels where it was trading two days ago. The outlook remains bearish and yesterday’s reversal actually makes it even stronger.
Figure 5 – COMEX Silver Futures (SI.F)
Silver is visibly stronger than it was a few days ago, but if the precious metals sector is about to head lower (especially given the breakdown in stocks) this would be normal even without the entire “let’s buy silver” forum theme.
And miners?
Figure 6 – VanEck Vectors Gold Miners ETF (GDX)
Miners invalidated the breakdown below the neck level of the head and shoulders pattern. Invalidations of these breakouts tend to be “buy” signals. BUT yesterday’s session has “this time really was different”written all over it.
Part of the purchase encouragements on forums were for mining stocks. While silver has indeed rallied yesterday (and so did AG, which was particularly promoted), the GDX ETF moved higher only somewhat. It still closed more or less at its mid-January low and it didn’t manage to erase Tuesday’s decline.
Overall, I think that the proper context is the relative weakness of miners and not the direct implications of the technical invalidation.
Moreover, please note that if the symmetry in terms of shape between both green boxes on the above chart is to be upheld, then it shouldn’t be surprising to see a quick volatile upswing that’s very short. In fact, since the volatility now is smaller than it was in late April 2020, what we saw yesterday might have already been the analogy to what had happened back then.
All in all, the outlook for the precious metals market remains bearish for the following weeks, regardless of what the next few days will bring.
Also… Do you remember about bitcoin? Some time ago, I wrote that the bitcoin situation made the overall situation in currencies similar to late 2017 / early 2018.
Figure 7 – Bitcoin Vault (BTC.V)
Just as we saw back then,bitcoinsoared while the USD Index plunged. Then both markets reversed .
Figure 8
That was also the time when precious metals and miners (and stocks) topped.
So, what’s new?
We just saw another clear confirmation that this is the very final inning of the rally. You probably heard that in the final part of a bull market, everything that’s in it soars. If it’s a gold bull market, then even stocks that have “gold” in their name will likely rally even though they might have nothing to do with the precious metals market. People don’t care to check, and emotions are too high to bother checking what they are actually buying.
Well, there’s a cryptocurrency that started as a joke, but then became a relatively big market.
Dogecoin .
The reason why I’m mentioning it is that dogecoin just soared…
Figure 9
And it had previously soared in this way in early 2018, a few weeks after bitcoin topped.
This is exactly what one would expect to see at a market top, based on common sense (analogy to buying just about anything close to the top), but the fact that we already saw pretty much the same thing in bitcoin, dogecoin, and the USD Index at the top 3 years ago should be flashing a big red light even for the most bearish of USD bears and most bullish crypto bulls.
Remember, early 2018 was also the moment when the stock market and PMs topped.
The above indications are on top of myriads of other factors pointing to lower precious metals and mining stock prices – this is all much more important than forum posts – even very convincing ones.
Please note that today’s volatility is somewhat expected – it’s Friday (options expire) and it’s also the final session of the month. Quite many people and entities might want to push prices and indices in their favor, so that options expire on their preferred side of their options’ strike prices. So, whatever happens today might easily be erased in early February.
Thank you for reading our free analysis today. Please note that the above is just a small fraction of today’s all-encompassing Gold & Silver Trading Alert. The latter includes multiple premium details such as the targets for gold and mining stocks that could be reached in the next few weeks. If you’d like to read those premium details, we have good news for you. As soon as you sign up for our free gold newsletter, you’ll get a free 7-day no-obligation trial access to our premium Gold & Silver Trading Alerts. It’s really free –sign up today.
For a look at all of today’s economic events, check out oureconomic calendar.
Przemyslaw Radomski, CFAFounder, Editor-in-chiefSunshine Profits: Effective Investment through Diligence & Care
* * * * *
All essays, research and information found above represent analyses and opinions of Przemyslaw Radomski, CFA and Sunshine Profits’ associates only. As such, it may prove wrong and be subject to change without notice. Opinions and analyses are based on data available to authors of respective essays at the time of writing. Although the information provided above is based on careful research and sources that are deemed to be accurate, Przemyslaw Radomski, CFA and his associates do not guarantee the accuracy or thoroughness of the data or information reported. The opinions published above are neither an offer nor a recommendation to purchase or sell any securities. Mr. Radomski is not a Registered Securities Advis...
- Reddit Posts (Sample): [['u/damittydam', 'Reading the posts at dogecoin and satoshi st bets this weekend has been so entertaining.', 55, '2021-02-01 00:07', 'https://www.reddit.com/r/CryptoCurrency/comments/l9olh9/reading_the_posts_at_dogecoin_and_satoshi_st_bets/', '"I bought 10k doge sToCkS, bought 100k more when it dipped"\n\n" Guys I started a petition to put a limit on the number of dogecoins"\n\n" I started a petition for gamestop/tesla/paypal to start accepting dogecoins"\n\n"Bitcoin and Ethereum are the money of the elites and whales, doge is the money of the masses. they don\'t want us to get rich, so they\'re dumping dogecoins, just buy and hold and we\'ll stick it to them"\n\n"Gyus lil yatchy is holding, if he can, we can too"\n\n"EtHeReUm HaS nO SuPpLy LiMiT, iTs ThE sAmE aS dOgE"', 'https://www.reddit.com/r/CryptoCurrency/comments/l9olh9/reading_the_posts_at_dogecoin_and_satoshi_st_bets/', 'l9olh9', [['u/naviejsason', 18, '2021-02-01 00:10', 'https://www.reddit.com/r/CryptoCurrency/comments/l9olh9/reading_the_posts_at_dogecoin_and_satoshi_st_bets/glj6fp4/', 'You forgot the best one:\n\n“ElON mUsk sPeLt baCKwArdS iS DoGE 🤯🚀🚀🌙', 'l9olh9'], ['u/Impossible-Program55', 11, '2021-02-01 00:21', 'https://www.reddit.com/r/CryptoCurrency/comments/l9olh9/reading_the_posts_at_dogecoin_and_satoshi_st_bets/glj7pu7/', 'I’m losing it over this post🤣. We have to collect all the ridiculous things people are saying.', 'l9olh9'], ['u/snatcoin', 11, '2021-02-01 01:45', 'https://www.reddit.com/r/CryptoCurrency/comments/l9olh9/reading_the_posts_at_dogecoin_and_satoshi_st_bets/glji9wa/', "If you buy into a crypto, you are never buying share of that crypto. You are just buying some of the tradable coins. It's like if you buy certain Pokemon cards, you don't own part of the Pokemon company. \n\n\nThe exchanges and market in general dictate what something is worth via the buyers buying and sellers selling that coin. Dogecoin used to be fun in 2014.. but the community is a lot different now.", 'l9olh9']]], ['u/fixthetracking', 'Newcomers, do yourselves a favor and read the pinned post to understand this sub better.', 80, '2021-02-01 00:34', 'https://www.reddit.com/r/btc/comments/l9p5f5/newcomers_do_yourselves_a_favor_and_read_the/', 'You might be wondering, "Why are my memes and posts about BTC price getting downvotes?" Or, "Why am I seeing a lot of posts about BCH in a BTC sub?" \n\nWonder no more! Check out the pinned post and learn a little.\n\nI\'ll add that you won\'t find a crypto sub with more intelligent people and thoughtful posts. Price gains are fun, but they\'re only the cherry on top. This community finds a ton of value in technological discussion, deep questions about cryptocurrency\'s place in the world, and on-chain scaling for global P2P cash.\n\nThis is an uncensored sub about any and all Bitcoin forks. What happens when you allow people to talk about any fork of Bitcoin? Well, it turns out they talk about the one that works the best - Bitcoin Cash. Bitcoin Cash continues the original mission of Bitcoin, as described in the original whitepaper by Satoshi Nakamoto. That means scaling on-chain and extremely low fees. \n\nYou\'ll also find a lot of talk about exciting new developments in the Bitcoin Cash world. Flipstarter, AnyHedge, Detoken, Simple Ledger Protocol, noise.cash, read.cash, Memo, Member, ElectronCash, CashFusion, CashTokens, scalenet, and many other things. If you don\'t know what those things are, you should search this sub and Google and learn about them because it\'s stuff like this that is going to change the world!\n\nIf you have questions, feel free to ask. Don\'t be a jerk about it and you\'ll find people here are ready to show you what we\'ve been up to in the BCH world.', 'https://www.reddit.com/r/btc/comments/l9p5f5/newcomers_do_yourselves_a_favor_and_read_the/', 'l9p5f5', [['u/ChaosElephant', 16, '2021-02-01 00:51', 'https://www.reddit.com/r/btc/comments/l9p5f5/newcomers_do_yourselves_a_favor_and_read_the/gljbeu6/', 'This needs more upvotes (about 418k more upvotes).', 'l9p5f5'], ['u/billyinforsey', 12, '2021-02-01 01:07', 'https://www.reddit.com/r/btc/comments/l9p5f5/newcomers_do_yourselves_a_favor_and_read_the/gljdh9g/', 'You mean this isn’t a sub for posting stupid emojis and talking about Short stocks and dogs while spewing TikToc activism against “the man”? /s', 'l9p5f5']]], ['u/volatileutopia', 'To the newbies: doge is shit', 740, '2021-02-01 00:51', 'https://www.reddit.com/r/CryptoCurrency/comments/l9ph48/to_the_newbies_doge_is_shit/', 'Ok newbies.....I\'m not an expert but I\'ve been holding since 2012. Firstly two factor authenticate all your crypto accounts ALWAYS \n\nSecondly, dont buy stocks of crypto and that\'s basically what doge is....its fucking usless. I\'m sure I\'ll catch neg karma for this but buy coins you can DO SOMETHING WITH\n\nI get these stock bros see $BTC and think you missed the rocket ship. You have not. I bought my first coin at 340 something. I\'m still buying today\n\nThirdly, doge is good pricing grounds yea, you see if mad people run it price goes up....then what? It drops because it\'s useless. \n\nYou really wanna stick it to the suits look at what real crypto can do. $LTC $BCH $XRP and so forth...You can fucking buy it use it! and decentralize your currency...no regulation, you hold yours I hold mine....except in the case of exchanges....that brings me to my last point get yourself a fucking wallet. \n\nI\'m so happy to see what reddit and WSB have done to the stock market but it will be stopped it will be regulated....crypto is a true revolution \n\nFuck doge....buy something you can actually use \n\nVery very very lastly $BTC ain\'t anywhere were it could be 30, 40, 50 is still a great place to get in on if you dont believe me buy 50$ worth and sit on it for 3 months. \n\nEducate yourself. Up your security....in 2012 I bought coin didnt know what I was doing, didnt 2fa and in 2016 had 120k hacked from me....its my own fault I was being stupid, that\'s my fault. "Google titan" is a really good reasonable tool, "google autheticator" is a great free tool. \n\nPs fuck doge....fuck doge start a true revolution', 'https://www.reddit.com/r/CryptoCurrency/comments/l9ph48/to_the_newbies_doge_is_shit/', 'l9ph48', [['u/cobradobra', 27, '2021-02-01 01:55', 'https://www.reddit.com/r/CryptoCurrency/comments/l9ph48/to_the_newbies_doge_is_shit/gljjk9u/', 'Can you suggest a book/tutorial where I can learn about cryptotrading? Doge was my first crypto and I failed, but I want to learn more about this', 'l9ph48'], ['u/13blues13moons', 24, '2021-02-01 01:58', 'https://www.reddit.com/r/CryptoCurrency/comments/l9ph48/to_the_newbies_doge_is_shit/gljjwtq/', "I traded all my doge for 50 dollars worth of bitcoin. Sure I lost money but at least I won't make the same mistake again 😅", 'l9ph48'], ['u/TruthsUDontWannaHear', 59, '2021-02-01 02:00', 'https://www.reddit.com/r/CryptoCurrency/comments/l9ph48/to_the_newbies_doge_is_shit/gljk4lj/', '> Fuck doge....buy something you can actually use\n\nIf you had any experience trading you would know that Doge one of the best coins for moving funds around, especially between exchanges. Even before the pump it had much volume.\n\nAs for actually buying stuff in the real world, all crypto is shit for that atm, although if I had to buy a cup of coffee with crypto I would be picking a currency with a 1 doge fee and not one with a $8 fee.\n\nIf you want to tell people not to buy doge, just tell them not buy stuff that has already gone 3000% (or whatever it is) this year. Don\'t act like the coin doesn\'t function well or that the developers have not done a good job.\n\nAnd certainly don\'t act like buying your bags (XRP, LTC, BCH) is "sticking it to the man" lol.', 'l9ph48'], ['u/LethalBaboon', 30, '2021-02-01 02:10', 'https://www.reddit.com/r/CryptoCurrency/comments/l9ph48/to_the_newbies_doge_is_shit/gljld4x/', "That's because Doge is a meme pump and dump type crypto. Nothing backs it, it's not useful, and there's no limit to how much there will be in total.", 'l9ph48'], ['u/5tr4nGe', 24, '2021-02-01 02:11', 'https://www.reddit.com/r/CryptoCurrency/comments/l9ph48/to_the_newbies_doge_is_shit/gljlkan/', "Doge is brilliant, as a fundamental exchange of value. \n\nAs an investment, sure it's shit. \n\nBut as an actual currency / exchange of value, it works. And that is what a cryptocurrency should do. \n\n1 Doge will always = 1 Doge.", 'l9ph48'], ['u/TruthsUDontWannaHear', 31, '2021-02-01 02:17', 'https://www.reddit.com/r/CryptoCurrency/comments/l9ph48/to_the_newbies_doge_is_shit/gljmb11/', 'The "no limit" thing is misleading.\n\nDoge\'s supply inflation is currently 3.9% per year. It gets lower every year, and gets right up to 0% but it never completely gets to 0%.\n\nThere is no meaningful difference between a coin that ends up with 0% yearly inflation and a coin that ends up with 0.00000000000000000000000000000000000001% yearly inflation.', 'l9ph48'], ['u/buster2Xk', 19, '2021-02-01 02:27', 'https://www.reddit.com/r/CryptoCurrency/comments/l9ph48/to_the_newbies_doge_is_shit/gljnitg/', "Some have argued that DOGE's lack of a limit is a solution to the problem of not rewarding miners for processing transactions, thus leading to huge fees. I don't think that's necessarily correct or incorrect, but it's also a problem Bitcoin doesn't need to face for decades yet.", 'l9ph48'], ['u/5tr4nGe', 38, '2021-02-01 02:35', 'https://www.reddit.com/r/CryptoCurrency/comments/l9ph48/to_the_newbies_doge_is_shit/gljoir8/', '> Nothing backs it\n\nOh boy do I have news for you about literally all cryptocurrency.', 'l9ph48'], ['u/TruthsUDontWannaHear', 15, '2021-02-01 02:37', 'https://www.reddit.com/r/CryptoCurrency/comments/l9ph48/to_the_newbies_doge_is_shit/gljouul/', 'Yes, it was a very interesting innovation. Even if the mild inflation is not strictly necessary, it is definitely not going to hurt the coin in the long run because the inflation gets so low. So I think...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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35510.29, 37472.09, 36926.07, 38144.31, 39266.01, 38903.44, 46196.46, 46481.11, 44918.18, 47909.33
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Zurich - 2 February 2021 - 21Shares AG , the pioneering issuer of crypto Exchange Traded Products (ETPs) is launching the world’s first Polkadot ETP (ADOT SW - CH0593331561 - PDOT) "DOT ETP" on the regulated segment of the Swiss stock exchange (SIX Exchange) on Thursday February 4th, 2021 . Last Friday, Polkadot was admitted by the Index Provider to the 21Shares HODL basket ETP as second-largest constituent after Bitcoin (BCH being removed) and as such, makes it is the perfect timing to add an additional single asset ETP to the already wide range of crypto ETPs 21Shares offers. “We remain committed to the unprecedented demand we are seeing from institutional investors wanting exposure to crypto-assets and 21Shares remains ahead of the curve for delivering innovative yet simple financial products on the market. Our expertise and experience reflect the clear advantage we have over other market participants” Hany Rashwan, CEO 21Shares AG , says. “After investors purchase their first Bitcoins through our ETPs, there is a natural transition to invest in other crypto assets. We have consistently delivered a range of products over the last two years demonstrating our stronghold in the D-A-CH region. European investors are approaching us to launch new products based on other key crypto assets to enable them easy access without the need for a private key or unregulated wallets and exchanges. We benefit from trusted partners for the liquidity provision and upon continued institutional demand, we are launching the DOT ETP to give investors a safe, regulated, and easy way to obtain exposure to this exciting new blockchain technology. In the next 3 months, we aim to add 2 to 3 more innovative ETPs as well as new European exchange listings. No other issuer in this industry enjoys such a wide range of crypto ETPs and on so many European exchanges’ regulated segments.” Polkadot serves as a blockchain of blockchains, allowing otherwise independent blockchains to communicate with each other, share security features, and transfer assets freely amongst themselves. The DOT token is the native token of the Polkadot network. It serves a couple of vital roles in the system: It is designed to participate in governance decisions, including tabling proposals and voting. In addition, it is used as an electronic payment system. With its market capitalization currently standing at over $16.8 billion, the DOT token now surpasses that of XRP by over $4 billion and has attained the status of the third-largest cryptocurrency. Though the popularity of the DOT token has increased substantially over the past months, it is still not easy for non-technical users to buy and hold and interact with it. The DOT ETP lowers the barriers to entry for newcomers to the crypto asset industry and allows a much wider audience to be able to participate in its development. Story continues The launch comes in light of the recent surge in interest for this asset class. 21Shares AG has seen a 5-fold increase in demand across its suite of crypto ETPs since Q3 2020. This is based on the amount of new inflows into the ETPs. That demand came mainly from institutional investors who have preferred an institutional-grade ETP versus other structures currently available on the market. The DOT ETP will allow clients to invest, diversify through its various ETPs, and gain exposure to the multi-chain application environment that enables cross-chain interoperability on a level previously not possible via their traditional broker or bank. The ETP structure means that the product benefits from 100% physical collateralization. Each share is fully collateralized by the corresponding amount of physical DOT tokens. In addition, on exchange liquidity provision is assured by our existing ETP market markets who have supported us since inception back in November 2018. This allows even more conservative institutions to safely hold this asset class via an Exchange Traded Product. SWISS SIX : 21Shares Polkadot ETP | CH 0593331561 | WKN A3GPQM | ADOT SW in USD | German Ticker PDOT About 21Shares 21Shares makes investing in crypto assets as easy as buying shares using your conventional broker or bank. Investors can invest in cryptocurrencies using a conventional ETP structure (or tracker) easily, with total confidence and security and cost-effectively thanks to the 21Shares suite of ETPs now composed of 12 Crypto ETPs : the 21Shares Crypto Basket Index ETP (HODL:SW), 21Shares Bitcoin (ABTC:SW | 21XB:GY), 21Shares Ethereum (AETH:SW), 21Shares XRP (AXRP:SW | 21XX:GR), 21Shares Bitcoin Cash ETP (ABCH:SW), 21Shares Binance ETP (ABNB:SW), 21Shares Tezos ETP (AXTZ:SW), 21shares Bitcoin Suisse ETP (ABBA:SW), 21Shares Bitwise 10 ETP (KEYS:SW), Sygnum Platform Winners Index ETP (MOON:SW), 21Shares Short Bitcoin ETP (SBTC:SW | 21XS:GY), 21Shares Polkadot ETP (ADOT:SW | PDOT:GR). The entire suite is listed on a regulated framework on the official market of Deutsche Boerse, SIX Swiss Exchange, BX Swiss and some on Börse Stuttgart in CHF, USD, GBP and EUR respectively. Founded in 2018, 21Shares is led by a team of talented serial entrepreneurs and experienced banking professionals from the technology and financial world. Incorporated in Zug, with offices in Zurich and New York, the company has launched several world firsts, including the first listed crypto basket index (HODL) ETP in November 2018. 21Shares has 12 crypto ETPs listed today and has over $445 million in AuM in total listed products. Press Contact Laurent Kssis +41 44 260 8660 [email protected] Disclaimer This document and the information contained herein are not for distribution in or into (directly or indirectly) the United States, Canada, Australia or Japan or any other jurisdiction in which the distribution or release would be unlawful. This document does not constitute an offer of securities for sale in or into the United States, Canada, Australia or Japan. This document does not constitute an offer to sell, or a solicitation of an offer to purchase, any securities in the United States. The securities of 21Shares AG to which these materials relate have not been and will not be registered under the United States Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold in the United States absent registration or an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. There will not be a public offering of securities in the United States.This document is only being distributed to and is only directed at: (i) to investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order"); or (ii) high net worth entities, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as "relevant persons"); or (iv) persons who fall within Article 43(2) of the Order, including existing members and creditors of the Company or (v) any other persons to whom this document can be lawfully distributed in circumstances where section 21(1) of the FSMA does not apply. The Securities are only available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such securities will be engaged in only with, relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents. In any EEA Member State (other than the Austria, Belgium, Denmark, Finland, France, Germany, Great Britain, Ireland, Italy, Luxembourg, Malta, the Netherlands, Norway, Spain and Sweden) that has implemented the Prospectus Regulation (EU) 2017/1129, together with any applicable implementing measures in any Member State, the "Prospectus Regulation") this communication is only addressed to and is only directed at qualified investors in that Member State within the meaning of the Prospectus Regulation. Exclusively for potential investors in Austria, Belgium, Denmark, Finland, France, Germany, Great Britain, Ireland, Italy, Luxembourg, Malta, the Netherlands, Norway, Spain and Sweden the 2019 Base Prospectus (EU) is made available on the Issuer’s website under www.21Shares.com . The approval of the 2019 Base Prospectus (EU) should not be understood as an endorsement by the SFSA of the securities offered or admitted to trading on a regulated market. Eligible potential investors should read the 2019 Base Prospectus (EU) and the relevant Final Terms before making an investment decision in order to understand the potential risks associated with the decision to invest in the securities. You are about to purchase a product that is not simple and may be difficult to understand. This document is not an offer to sell or a solicitation of an offer to buy or subscribe for securities of 21Shares AG. Neither this document nor anything contained herein shall form the basis of, or be relied upon in connection with, any offer or commitment whatsoever in any jurisdiction. This document constitutes advertisement within the meaning of the Swiss Financial Services Act and not a prospectus. Copies of the current Base Prospectus dated 13 November 2020 are available free of charge from the website of the Issuer. Subject to applicable securities laws, the Base Prospectus and the final terms of any product mentioned herein can be obtained from 21Shares AG on the website. Copies of this document may not be sent to jurisdictions, or distributed in or sent from jurisdictions, in which this is barred or prohibited by law. The information contained herein does not constitute an offer to sell or the solicitation of an offer to buy, in any jurisdiction in which such offer or solicitation would be unlawful prior to registration, exemption from registration or qualification under the securities laws of any jurisdiction.', 'Zurich - 2 February 2021 - 21Shares AG , the pioneering issuer
**Last 60 Days of Bitcoin's Closing Prices:**
[18699.77, 19154.23, 19345.12, 19191.63, 18321.14, 18553.92, 18264.99, 18058.90, 18803.66, 19142.38, 19246.64, 19417.08, 21310.60, 22805.16, 23137.96, 23869.83, 23477.29, 22803.08, 23783.03, 23241.35, 23735.95, 24664.79, 26437.04, 26272.29, 27084.81, 27362.44, 28840.95, 29001.72, 29374.15, 32127.27, 32782.02, 31971.91, 33992.43, 36824.36, 39371.04, 40797.61, 40254.55, 38356.44, 35566.66, 33922.96, 37316.36, 39187.33, 36825.37, 36178.14, 35791.28, 36630.07, 36069.80, 35547.75, 30825.70, 33005.76, 32067.64, 32289.38, 32366.39, 32569.85, 30432.55, 33466.10, 34316.39, 34269.52, 33114.36, 33537.18]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2021-02-02
**Financial & Commodity Data:**
- Gold Closing Price: $1830.50
- Crude Oil Closing Price: $54.76
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $626,070,642,766
- Hash Rate: 157341788.913185
- Transaction Count: 364551.0
- Unique Addresses: 865515.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.76
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Bitcoin snapped a four-day losing streak, appearing to stabilize around $34,000. After the recent market correction, prices for the cryptocurrency are still up 18% year to date, versus a 1.2% gain for the Standard & Poor’s 500 Index of large U.S. stocks.
“Now is probably not the time to panic,” Matt Blom, head of sales and trading at the cryptocurrency exchange firm Diginex, wrote in a daily newsletter.
Intraditional markets, European shares fluctuated and U.S. stock futures were little changed as the U.S. House of Representatives on Wednesday prepared to vote on asecond impeachment of President Donald Trump. Gold strengthened 0.1% to $1,855 an ounce.
Related:Bitcoin Miners, Developers Narrow Down How Taproot Will Be Activated
Asbitcoinandetherretreat from recent highs, the strong performance of other cryptocurrencies shows that traders and investors may now be turning to alternative tokens, often referred to as “altcoins,” for returns.
Bitcoin prices as of Jan. 11 stood at about 87% of their all-time high reached last week, and ether is about 78% of the way toward its all-time high from a few years ago, based on data compiled by CoinDesk Research.
But other cryptocurrencies and digital assets, such asstellar(XLM) andlitecoin(LTC), are still far from setting new records. One takeaway might be that they might have further to run, CoinDesk’s Muyao Shenreported Tuesday.
Altcoins are surging “in ways that we have not really seen since 2017,” Andrew Tu, an executive at quant firm Efficient Frontier, told Shen.
Related:Market Wrap: Bitcoin Claws Back to $36.4K While 25% of Ether Options Will Expire in March
It’s possible, of course, that some entry-level investors viewing bitcoin’s $34,000-ish price – what a small sport-utility vehicle costs – are unaware that the largest cryptocurrency can be bought in minute fractions, similar to the way that it’s possible to buy $100 or $1,000 of gold.
Such confusion in the past has led some newbie investors to turn to altcoins, because their prices are often comparatively lower, sometimes counted in cents.
David Derhy, an analyst at the trading platform eToro, wrote earlier this week that some traders might shift toward ether, the base cryptocurrency for the Ethereum blockchain.
“Investors in bitcoin may be looking to take some profits and reallocate, and ether could be a target,” he wrote. “A target of $2,500 is reasonable given the gains we have already seen and current price momentum.” Such a level would represent a gain of nearly 150% from the current price.
Simplex, a digital-asset platform, has been seeing “increasing demand for cryptos across the board,” though “retail investors seem to be looking for the next BTC,” CEO Nimrod Lehavi, wrote in a Google doc, sent by a spokesman via Zoom’s chat function.
“We are used to seeing BTC dominate around 90% of the total volumes of trade,” says Jonathan Leong, CEO ofBTSE, another crypto platform. “But the recent week or so has seen a rise in our institutional clientele’s demand and interest in altcoins, with the balance being almost 50-50 at certain times.”
Bitpanda, an Austrian cryptocurrency platform, has seen bitcoin drop to between 30% and 40% of customer purchases this year, from 40% to 50% last year, according to a spokeswoman.
“We have a big influx of users, and they are trading both bitcoin and altcoins,” the spokeswoman, Sara Moric, said in an email.
– Muyao Shen and Bradley Keoun
Read More:Multiple Tokens See Rally Amid Looming ‘Alt Season’
The near-term outlook for bitcoin has dimmed, analysts say, with some now seeing a possible extension of Monday’s major price drop.
“There could be another dump as outflows from the cryptocurrency exchange Coinbase Pro have dried up alongside an increased transfer of coins onto exchanges,” David Lifchitz, chief investment officer for Paris-based quantitative trading firm ExoAlpha, told CoinDesk.
Outflows from Coinbase Pro –considered a proxyfor purchases of the cryptocurrency by big institutional investors, since the outflows are typically seen as transfers into cold storage for long-term holding – have receded sharply from the three-year high of 55,000 BTC observed Jan. 2.
The decrease could signal a weakening in institutional demand, which played a pivotal role in pushing bitcoin last week to a new all-time high above $41,000, from about $10,000 just a few months ago.
Meanwhile, exchange deposits have gathered pace, a sign that some investors may be looking to liquidate holdings and take profits.
The number of coins held on exchanges increased by over 57,000 BTC on Tuesday, the biggest single-day change since March 2020, according to data from blockchain analytics firmChainalysis. Exchanges have registered an average inflow of 103,000 BTC per day in the past seven days – higher than the 180-day average of 83,700 BTC.
Some analysts looking for clues in price-chart patterns are also calling for an extension of Monday’s drop. The Ichimoku cloud, a technical-analysis tool created by Japanese journalist Goichi Hosoda in the late 1960s, includes multiple lines that help identify support and resistance levels and other essential information such as trend direction and momentum.“
“I still see pressure on the downside in the short term,” said Patrick Heusser, head of trading at Swiss firm Crypto Finance AG, adding that $29,000 could be the make-or-break level. “Things could get ugly if that support is breached,” Heusser said. A price of $36,000 is the level to beat for the bulls.
Chris Thomas, head of digital assets at Swissquote Bank, sees a period of price consolidation over the rest of this week, in the $33,000–$36,000 range.
– Omkar Godbole
Read More:Analysts Are Gloomy About Bitcoin’s Short-Term Price Outlook Right Now
European Central Bank’s Lagarde calls bitcoin “speculative asset,” hopes for digital euro in no more than five years (CoinDesk)
“Could the OCC even grant a national bank charter to open-source software that manages deposit-taking, lending, or payments, if it doesn’t have officers or directors?” writes Acting U.S. Comptroller of the Currency Brian Brooks in an op-ed. “Not yet. Under current law, drawn up on the assumptions of the early 20th century, charters can only be issued to human beings” (Financial Times)
When Goldman Sachs’ head of commodities research tries to value cryptocurrencies, he starts by imagining the sector doubling to $2T (CoinDesk)
Bitcoin options volume on Deribit already 25% of 2020 total (CoinDesk)
Bitcoin whales kept accumulating during Monday’s crash (CoinDesk)
Coinbase apologizes for “recent customer experience issues” in U.K. and EU (Coinbase)
Tron is out,daiis back, in latest changes for CoinDesk 20 (CoinDesk Research)
“For all the billions we have in DeFi right now, if you strip away the subsidies (paying for users), this number will collapse,” YearnFinance creator Andre Cronje writes in Medium post (Medium)
CEX, lies and videotape: Binance accuses rivals of fighting dirty (CoinDesk)
Winklevoss twins’ Gemini cryptocurrency exchange sees big jump over past year in bitcoin balances (Coin Metrics):
Switzerland’s UBS to charge clients negative 0.75% interest rates on cash balances greater than 250K Swiss francs ($280K) (Reuters)
Former U.S. CFTC Chair Gary Gensler said to be Biden’s pick for SEC chair (CoinDesk)
Brian Brooks, acting U.S. Comptroller of the Currency and former Coinbase general counsel, plans to step down in the next few days, Politico reports (CoinDesk). (SEE ALSO: Brooks op-ed featured above, in What’s Hot.)
Zombie firms, or inefficient companies kept alive by cheap debt, could swell due to generous government lockdown-support programs, representing big risk for banks (WSJ)
World Bank Chief Economist Carmen Reinhart warns that household and business balance sheets might be overwhelmed by pandemic-related debt, potentially leading to a financial crisis (Bloomberg)
Remote-working revolution to fundamentally alter the way managers operate (Reuters)
Traders now watching bitcoin for clues about stock market’s direction (CNBC)
Federal Reserve Bank of Dallas’s Robert Kaplan hopes economy will be ready for conversation about tapering Fed’s $120 billion-a-month of asset purchases later this year (Bloomberg)
ICYMI: “Central banks show no inclination of moderating their huge stimulus,” Allianz’s Mohamed El-Erian writes in op-ed (Bloomberg Opinion)
The U.S. Federal Reserve is focusing on the positive medium-term prospects for jobs based on the success of a coronavirus vaccine (Reuters)
• First Mover: Don’t Like $34K Bitcoin? Stellar, Litecoin Yet to Conquer Old Highs
• First Mover: Don’t Like $34K Bitcoin? Stellar, Litecoin Yet to Conquer Old Highs...
- Reddit Posts (Sample): [['u/sgtslaughterTV', 'This thread is for everyone who lost money on Dogecoin, XRP and to prevent the NEXT BIG PUMP AND DUMP. Read this thread to avoid losing money!', 168, '2021-02-02 00:24', 'https://www.reddit.com/r/CryptoCurrency/comments/lahezu/this_thread_is_for_everyone_who_lost_money_on/', '**Forenote / Disclaimer: this thread is designed for you to not lose money but also shouldn\'t be taken as financial advice. I am telling you what NOT to buy. Show this to your friends who want to "get rich overnight."** \n\nThere are quite a few users who have spilt over in to our subreddit from wallstreetbets and the dogecoin sub and god knows where else. After seeing this not only happen with a coin that was designed as a MEME and nothing more and then happening with XRP, I feel like there is an elephant in the room that needs to be addressed. \n\n[please read this thread](https://np.reddit.com/r/CryptoCurrency/comments/kp6s43/inside_a_pumpanddump_group_the_deception_the_con/) on how a pump and dump group operates. If you don\'t have time, the TL;DR is - they buy tokens / coins anywhere from a few minutes to a few hours before the head of the group tells everyone to pump a coin. Then they dump their coins without telling you. They claim you get "insider" information if you give them 0.01 BTC or invite 30 people to the group. \n\n#**Pay attention to these fundamentals:** \n1. It doesn\'t actually matter if there is a cryptocurrency that is more efficient, more secure, faster, or better in general because.... \n2. You will not see people who mined bitcoin for nearly free in 2010, or bought it at 10 cents each, 1 dollar each, 10 dollars each, 100 dollars each, or 1000 dollars each dumping at 34,000 USD for a token that almost no one has heard of. Even if such a thing existed, you couldn\'t get everyone to agree on when / how to dump their bitcoin for "something better", this was tried with bitcoin cash and the market has spoken. \n3. Financial institutions aren\'t interested in anything except bitcoin right now (and are **much less interested in something the SEC has legal issues with**) because it functions as a hedge against inflation and it has verifiable scarcity. \n4. You need to pay attention to **market capitalization** (market cap for short) of a cryptocurrency. Go to coingecko.com. Check out the market cap of your "coin" and then compare it to bitcoin\'s marketcap. In order for it to surpass ethereum it needs to get 130 billion USD of fresh capital quickly. If it wants to get past bitcoin, it needs to get at least 600 billion USD of new capital. with that in mind... \n5. If your token is under 50 cents but it\'s in the top 100, do the math and figure out how / what it would need to get "past bitcoin". Just because it\'s "cheaper than bitcoin" doesn\'t mean everyone wants to buy it. \n\nHopefully this thread has been helpful. That is all. Thank you for reading. Show it to a friend who doesn\'t know what he or she is doing.', 'https://www.reddit.com/r/CryptoCurrency/comments/lahezu/this_thread_is_for_everyone_who_lost_money_on/', 'lahezu', [['u/iBeelz', 32, '2021-02-02 00:25', 'https://www.reddit.com/r/CryptoCurrency/comments/lahezu/this_thread_is_for_everyone_who_lost_money_on/glnyg2j/', 'Assume anyone promoting anything as BUY BUY HOLD has personal stakes in it.', 'lahezu'], ['u/theoruss', 32, '2021-02-02 00:30', 'https://www.reddit.com/r/CryptoCurrency/comments/lahezu/this_thread_is_for_everyone_who_lost_money_on/glnz020/', 'Don’t tell the guys over at r/dogecoin they are going to the moon...', 'lahezu'], ['u/Lupi_X', 12, '2021-02-02 00:41', 'https://www.reddit.com/r/CryptoCurrency/comments/lahezu/this_thread_is_for_everyone_who_lost_money_on/glo0gp8/', 'a coordinated "Buy and HODL" is such bs', 'lahezu'], ['u/flooha', 32, '2021-02-02 02:16', 'https://www.reddit.com/r/CryptoCurrency/comments/lahezu/this_thread_is_for_everyone_who_lost_money_on/glocp43/', 'I posted some dogecoin math and the post got downvoted to the abyss.', 'lahezu'], ['u/theoruss', 15, '2021-02-02 02:17', 'https://www.reddit.com/r/CryptoCurrency/comments/lahezu/this_thread_is_for_everyone_who_lost_money_on/gloctgj/', 'I tried to help by warning them with some posts and comments which ended up getting removed by a mod lol', 'lahezu']]], ['u/HugeRealEstate', 'Do we see any threats to bitcoin in the coming years?', 15, '2021-02-02 00:30', 'https://www.reddit.com/r/Bitcoin/comments/lahjqo/do_we_see_any_threats_to_bitcoin_in_the_coming/', 'Hi guys I’m fairly new to this game and I’ve been doing a lot of research and like you guys I recognize the massive potential this currency has. I’m thinking about purchasing a full Bitcoin. It seems like it’s a really safe investment with a massive upside based on the charts and the path I’ve been seeing. (even though some would argue it’s not due to its current volatility).\n\nWhy should I not just throw a bag of money at this thing?\n\nThanks.', 'https://www.reddit.com/r/Bitcoin/comments/lahjqo/do_we_see_any_threats_to_bitcoin_in_the_coming/', 'lahjqo', [['u/DudeIncogneto', 18, '2021-02-02 00:40', 'https://www.reddit.com/r/Bitcoin/comments/lahjqo/do_we_see_any_threats_to_bitcoin_in_the_coming/glo0cao/', "You shouldn't ask the internet if you should throw bags of money at something.", 'lahjqo']]], ['u/BlockchainIOTfan', 'New to VET? Not sure where to buy? Click here!', 227, '2021-02-02 00:33', 'https://www.reddit.com/r/Vechain/comments/lahlkp/new_to_vet_not_sure_where_to_buy_click_here/', '**Hello Community!**\n\nWe’ve noticed many newcomers lately having difficulty buying VET. We’ve decided to put together a live document for detailing how to purchase VET from various global exchanges. \n\n*Please note: If you would like to see your preferred method or exchange added to the list below, please leave a comment with details so we can update and expand this guide for the benefit of everyone, everywhere. Newcomers, old hats and everyone in between.*\n\nSincerely, the Moderation Team.\n\n#Buying VET/VTHO with fiat \n\n*Example - Binance.US: USD*\n\nStep 1 - [Register](https://accounts.binance.us/en/register) an account on [Binance.US](http://binance.us/)\n \nStep 2 - Deposit USD using a [Debit Card](https://support.binance.us/hc/en-us/articles/360046786954-How-to-add-deposit-via-Debit-Card), [Wire Transfer](https://support.binance.us/hc/en-us/articles/360046808774-How-to-Deposit-via-Domestic-Wire), or [ACH](https://support.binance.us/hc/en-us/articles/360047428853-How-to-deposit-via-ACH) \n\n\nStep 3 - Buy from the [Buy-Sell Crypto page](https://www.binance.us/en/buy-sell-crypto)\n\nOR\n\n\nGo to the trading page for [VET/USD](https://www.binance.us/en/trade/VET_USD) or [VTHO/USD](https://www.binance.us/en/trade/VTHO_USD)\n\n\nStep 4 - Submit a buy order. When the order fills it will appear in your [account balance](https://www.binance.us/en/usercenter/wallet/balances).\n\n\nStep 5 - Finally, withdraw to an Official VeChainthor Wallet [IOS](https://itunes.apple.com/us/app/id1397679485?mt=8), [Android](https://play.google.com/store/apps/details?id=com.vechain.wallet), [Sync](https://env.vechain.org/#sync)\n\n*Other direct fiat to VET options include:*\n\n[Crypto.com](https://help.crypto.com/en/articles/3579328-the-crypto-com-app-user-guide), [Bitpanda.com](https://www.bitpanda.com/en/prices/vechain)\n\nProtip: “Recurring Buy” is a feature offered on multiple exchanges that allows you to automatically buy crypto by simply opting in on [Binance.us](https://support.binance.us/hc/en-us/articles/360050446113-Recurring-Buys-from-Binance-US), [Crypto.com](https://help.crypto.com/en/articles/4170965-recurring-buy-how-does-it-work) or an exchange of your choice that offers this service. \n\n\n#Buying VET/VTHO with Crypto \n\n*Example: Binance.com*\n\n\nStep 1 - [Register](https://accounts.binance.com/en/register) an account on [Binance](http://binance.com/)\n\nStep 2 - [Deposit](https://www.binance.com/en/support/faq/85a1c394ac1d489fb0bfac0ef2fceafd) the cryptocurrency you wish to buy VET with\n\n\nStep 3 - Go to the trading page for [VET/BTC](https://www.binance.com/en/trade/VET_BTC), [VET/BNB](https://www.binance.com/en/trade/VET_BNB), [VET/USDT](https://www.binance.com/en/trade/VET_USDT), or [VTHO/BNB](https://www.binance.com/en/trade/VTHO_BNB), [VTHO/USDT](https://www.binance.com/en/trade/VTHO_USDT)\n\n\nStep 4 - Submit a buy order. When the order fills it will appear in your [account balance](https://www.binance.com/en/usercenter/wallet/balances). \n\n\nStep 5 - [Withdraw](https://www.binance.com/en/my/wallet/account/main/withdrawal/crypto/VET) to an Official VeChainthor Wallet \n[IOS](https://itunes.apple.com/us/app/id1397679485?mt=8), [Android](https://play.google.com/store/apps/details?id=com.vechain.wallet), [Sync](https://env.vechain.org/#sync)\n\n\nOther crypto to VET options include:\n[Bitrue](Bitrue.com) and [OceanEx](Oceanex.pro)\n\n----\n\n\n\n**Various guides for depositing fiat into cryptocurrency exchanges**\n\nBinance\n\n[How to deposit Fiat Currencies with Bank Transfer (SEPA)?](https://www.binance.com/en/support/faq/e117b4c063534e5f93b735b980575000)\n\n[Deposit EUR, GBP and RUB with Credit/Debit Card](https://www.binance.com/en/support/announcement/5bf2d75c81154a07b10ec8d1c97f2036)\n\nKraken \n\n[USD, EUR, CAD, AUD, GBP,](https://support.kraken.com/hc/en-us/articles/360000381846-Fiat-currency-deposit-options-fees-minimums-and-processing-times-)\n\nCoinbase \n\n[USD](https://help.coinbase.com/en/coinbase/getting-started/adding-a-payment-method/payment-methods-for-us-customers)\n[EUR](https://help.coinbase.com/en/coinbase/getting-started/adding-a-payment-method/payment-methods-for-european-customers)\n[GBP](https://help.coinbase.com/en/coinbase/getting-started/adding-a-payment-method/payment-methods-for-uk-customers)', 'https://www.reddit.com/r/Vechain/comments/...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
37472.09, 36926.07, 38144.31, 39266.01, 38903.44, 46196.46, 46481.11, 44918.18, 47909.33, 47504.85
|
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Quote To Start The Day:To better align our incentives with those of our members, we will stop participating in the practice of Payment for Order Flow.\nSource:Public.com\nOne Big Thing In Fintech:An “anonymously” led startup called Millions has raised a $3 million seed round for its fintech company that’s currently giving away free money through its Twitter account. The concept, inspired by the likes of YouTuber David Dobrik, is partly aimed at attracting attention for the new company but is also setting the stage for a forthcoming business model of sorts, where brands could participate in giveaways more directly.\nSource:TechCrunch\nOther Key Fintech Developments:\n• InvestCloudeyesgrowth, expansion.\n• BondViewaddstechnology updates.\n• Metaco, Cobaltpartneredon trading.\n• TrustLayer insurtechraising$6.6M.\n• USDC isliveon the Stellar network.\n• Intuitbuysapp integrator OneSaas.\n• JPMdevelopingquant tech for funds.\n• Axoniraises$31M in funding round.\n• Embraceof buy-side interoperability.\n• TradewebacquiresNasdaq platform.\n• TickPickacceptingBitcoin for tickets.\n• Current isfacingexponential growth.\n• Robinhood challengers areplotting.\n• Curveaddeda Samsung executive.\n• Altruistintrosa portfolio marketplace.\n• Divvy Homestaps$110M Series C.\n• Checkout.comexpandingleadership.\n• CoinFlipexceeding1M transactions.\n• MackeyRMS, InsiderScoremerging.\n• Routefusionsecuring$3.6M in seed.\nWatch Out For This:The days of executives choosing software for their employees based on IT compatibility or KPIs are gone. Employees now tell their boss what to buy. This is why we’re seeing more and more SaaS companies — Datadog, Twilio, AWS, Snowflake and Stripe, to name a few — find success with a usage-based pricing model.\nThe usage-based model allows a customer to start at a low cost, minimizing friction to getting started while still preserving the ability to monetize a customer over time because the price is directly tied with the value a customer receives. Not limiting the number of users who can access the software, customers are able to find new use cases — which leads to more long-term success and higher lifetime value.\nWhile we aren’t going 100% usage-based overnight, looking at some of the megatrends in software — automation, AI and APIs — the value of a product normally doesn’t scale with more logins. Usage-based pricing will be the key to successful monetization in the future.\nSource:TechCrunch\nInteresting Reads:\n• Acorns CEO talking micro-investing.\n• AOCtalksCapitol raid, eyes change.\n• Googlebeatsestimates, Cloud lags.\n• Hedge fundswalkaway unscathed.\n• Bezos to nolongerbe Amazon CEO.\n• NY street food vendors eyereforms.\n• Amazon plans topaydrivers $61.7M.\n• Googleshuttingdown Stadia studios.\n• Why we’rehearingmore on LiDAR.\n• Uber isbuyingDrizly for cool $1.1B.\n• Teslarecalls135K cars due to tech.\n• Bumble’s IPOraising$1B for growth.\n• 5G is on aacceleratinggrowth path.\n• New bill takesaimat urban freeways.\nMarket Moving Headline:The dynamics that transpired in GameStop can be traced back to factors like Federal Reserve stabilization efforts and low rates, which incentivize risk taking.\n“The growth of structured products, passive investing, the regulatory standpoint that’s been implemented with Dodd-Frank and dealers needing to hedge off their risk more frequently than not” are all part of a regime change that’s affected the stability of markets, said Kris Sidial, co-chief investment officer of The Ambrus Group.\n“These dislocations happen quite frequently in small windows, and it offers the potential for large outlier events,” like the equity bust and boom of 2020, he said.\n“Strength and fragility are two completely different components. The market could be strong, but fragile.”\nThe aforementioned dynamics of dealers’ risk exposure to direction and volatility causes violent crash dynamics to transpire.\nIn February 2020, one-sidedness in the market by yield-seeking participants like target date funds — such as mutual funds — selling far out-of-the money puts on the S&P 500 exacerbated volatility. So did customers looking to buy puts in an increasing fashion for downside exposure.\n“We’re in there buying puts, dealers are short puts and short stock,” Sidial said in a discussion on rising delta and volatility forcing dealers to sell into weakness to hedge.\n“As people reach for those downside puts on SPX, it now reflexively has another implication on increasing volatility. Well, all those people that are carrying short volatility exposure in their book are losing money.”\nIn all, a new regime with knock-on effects is forming solely due to positioning in the market.\nSource:Benzinga\nPictured: Newfound Researchunpacksmarket drivers, implications of liquidity.\nSee more from Benzinga\n• Click here for options trades from Benzinga\n• Metromile Taps Uber Veteran Ryan Graves For M, Guidance On Innovation\n• Fintech Focus For February 2, 2021\n© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.', 'Fintech Header Quote To Start The Day: To better align our incentives with those of our members, we will stop participating in the practice of Payment for Order Flow. Source: Public.com One Big Thing In Fintech: An “anonymously” led startup called Millions has raised a $3 million seed round for its fintech company that’s currently giving away free money through its Twitter account. The concept, inspired by the likes of YouTuber David Dobrik, is partly aimed at attracting attention for the new company but is also setting the stage for a forthcoming business model of sorts, where brands could participate in giveaways more directly. Source: TechCrunch Other Key Fintech Developments: InvestCloud eyes growth, expansion. BondView adds technology updates. Metaco, Cobalt partnered on trading. TrustLayer insurtech raising $6.6M. USDC is live on the Stellar network. Intuit buys app integrator OneSaas. JPM developing quant tech for funds. Axoni raises $31M in funding round. Embrace of buy-side interoperability. Tradeweb acquires Nasdaq platform. TickPick accepting Bitcoin for tickets. Current is facing exponential growth. Robinhood challengers are plotting . Curve added a Samsung executive. Altruist intros a portfolio marketplace. Divvy Homes taps $110M Series C. Checkout.com expanding leadership. CoinFlip exceeding 1M transactions. MackeyRMS, InsiderScore merging . Routefusion securing $3.6M in seed. Watch Out For This: The days of executives choosing software for their employees based on IT compatibility or KPIs are gone. Employees now tell their boss what to buy. This is why we’re seeing more and more SaaS companies — Datadog, Twilio, AWS, Snowflake and Stripe, to name a few — find success with a usage-based pricing model. The usage-based model allows a customer to start at a low cost, minimizing friction to getting started while still preserving the ability to monetize a customer over time because the price is directly tied with the value a customer receives. Not limiting the number of users who can access the software, customers are able to find new use cases — which leads to more long-term success and higher lifetime value. Story continues While we aren’t going 100% usage-based overnight, looking at some of the megatrends in software — automation, AI and APIs — the value of a product normally doesn’t scale with more logins. Usage-based pricing will be the key to successful monetization in the future. Source: TechCrunch Interesting Reads: Acorns CEO talking micro- investing . AOC talks Capitol raid, eyes change. Google beats estimates, Cloud lags. Hedge funds walk away unscathed. Bezos to no longer be Amazon CEO. NY street food vendors eye reforms . Amazon plans to pay drivers $61.7M. Google shutting down Stadia studios. Why we’re hearing more on LiDAR. Uber is buying Drizly for cool $1.1B. Tesla recalls 135K cars due to tech. Bumble’s IPO raising $1B for growth. 5G is on a accelerating growth path. New bill takes aim at urban freeways. Market Moving Headline: The dynamics that transpired in GameStop can be traced back to factors like Federal Reserve stabilization efforts and low rates, which incentivize risk taking. “The growth of structured products, passive investing, the regulatory standpoint that’s been implemented with Dodd-Frank and dealers needing to hedge off their risk more frequently than not” are all part of a regime change that’s affected the stability of markets, said Kris Sidial, co-chief investment officer of The Ambrus Group. “These dislocations happen quite frequently in small windows, and it offers the potential for large outlier events,” like the equity bust and boom of 2020, he said. “Strength and fragility are two completely different components. The market could be strong, but fragile.” The aforementioned dynamics of dealers’ risk exposure to direction and volatility causes violent crash dynamics to transpire. In February 2020, one-sidedness in the market by yield-seeking participants like target date funds — such as mutual funds — selling far out-of-the money puts on the S&P 500 exacerbated volatility. So did customers looking to buy puts in an increasing fashion for downside exposure. “We’re in there buying puts, dealers are short puts and short stock,” Sidial said in a discussion on rising delta and volatility forcing dealers to sell into weakness to hedge. “As people reach for those downside puts on SPX, it now reflexively has another implication on increasing volatility. Well, all those people that are carrying short volatility exposure in their book are losing money.” In all, a new regime with knock-on effects is forming solely due to positioning in the market. Source: Benzinga Pictured: Newfound Research unpacks market drivers, implications of liquidity. Newfound Research See more from Benzinga Click here for options trades from Benzinga Metromile Taps Uber Veteran Ryan Graves For M, Guidance On Innovation Fintech Focus For Febr
**Last 60 Days of Bitcoin's Closing Prices:**
[19154.23, 19345.12, 19191.63, 18321.14, 18553.92, 18264.99, 18058.90, 18803.66, 19142.38, 19246.64, 19417.08, 21310.60, 22805.16, 23137.96, 23869.83, 23477.29, 22803.08, 23783.03, 23241.35, 23735.95, 24664.79, 26437.04, 26272.29, 27084.81, 27362.44, 28840.95, 29001.72, 29374.15, 32127.27, 32782.02, 31971.91, 33992.43, 36824.36, 39371.04, 40797.61, 40254.55, 38356.44, 35566.66, 33922.96, 37316.36, 39187.33, 36825.37, 36178.14, 35791.28, 36630.07, 36069.80, 35547.75, 30825.70, 33005.76, 32067.64, 32289.38, 32366.39, 32569.85, 30432.55, 33466.10, 34316.39, 34269.52, 33114.36, 33537.18, 35510.29]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2021-02-03
**Financial & Commodity Data:**
- Gold Closing Price: $1832.20
- Crude Oil Closing Price: $55.69
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $685,530,868,750
- Hash Rate: 155271502.21695888
- Transaction Count: 344425.0
- Unique Addresses: 836448.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.78
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Bitcoin briefly broke above $40,000 again Thursday morning as the market reversed the bulk of its losses from Monday.
• The leading cryptocurrency rose to $40,066.32 before settling back to $39,521.46, up 14.25% in the past 24 hours, per CoinDesk’s Bitcoin Price Index (BPI).
• Over the weekend and into early Monday morning,bitcoindipped nearly 30% from its peak just below $42,000. The move prompted CNN Business writer Paul La Monica todeclarebitcoin in a bear market.
• With the downturn seemingly over, other cryptocurrencies are following bitcoin, withetherreclaiming $1,200, up 13%.
• Polkadot has gained 21% andlitecoinis up 11% in the past 24 hours, per market data fromMessari.
• Bitcoin Price Briefly Revisits $40,000 as Bulls Pare Week’s Losses
• Bitcoin Price Briefly Revisits $40,000 as Bulls Pare Week’s Losses
• Bitcoin Price Briefly Revisits $40,000 as Bulls Pare Week’s Losses
• Bitcoin Price Briefly Revisits $40,000 as Bulls Pare Week’s Losses...
- Reddit Posts (Sample): [['u/jmnolly00', "STOP PAYING FOR BRAD'S LAWYER FEES - Actual DD", 55, '2021-02-03 00:14', 'https://www.reddit.com/r/AltStreetBets/comments/lb9htd/stop_paying_for_brads_lawyer_fees_actual_dd/', "My wife is staying at her boyfriend’s place tonight because my 1INCH isn’t enough for her. So I am sitting here eating mi-goreng and thinking of how to end the misery that is XRP and Ripple.\n\n**What is XRP?**\n\n* XRP is not Ripple. XRP is a token, while Ripple is the company that develops solutions using XRP. XRP is used to transfer money over the Ripple network, either between individuals or banks.\n* Not all partners announced by Ripple use the XRP token. Only a few of the 300+ announced partners use XRP! [In fact, only 12 institutions are using or testing ](https://decrypt.co/5313/complete-ripple-partnerships-xrapid-xrp)Ripple products using XRP.\n* Unlike BTC, XRP token are not mined. Ripple has minted the entire supply of the token when the network was launched.\n* Ripple intermittently releases portions of the supply from escrow and sell on exchanges.\n\n**Why now?**\n\n* Brad and his brokeback mountain cowboys have been illegally raising funds by releasing XRP from escrow (there is still 48B XRP in escrow ready to be dumped) since 2013. The SEC knows this and has been building a case against Ripple and its executives for years.\n* The Ripple leadership team DGAF about XRP holders. The SEC has evidence that multiple Ripple execs have instructed market makers to dump tokens to coincide with news releases. [Check out their shady shit here.](https://www.ft.com/content/25648f67-36bb-45f1-8e37-3dabd4c68e89)\n* Don’t listen to XRP moonbois saying that XRP is already treated as a currency by FinCen and DOJ. The SEC is responsible for regulating the securities markets and protecting investors. Once the SEC proves that XRP is a security, watch both the DOJ and FinCen flip their stance and pursue criminal charges. [Check out how the SEC will prove that XRP is a security by using the Howey test.](https://dailyhodl.com/2020/06/17/xrp-fails-howey-test-and-is-not-a-security-says-former-cftc-chairman-christopher-giancarlo/)\n* Don’t trust some random Redditor? Trust the SEC. The SEC rarely loses in court. And **never** one involving cryptocurrency security tokens.\n * Remember Enigma? The team settled with the SEC and are now a rank \\~150 coin (as Secret Token).\n * Remember Kin? The KIK team decided to fight the SEC and lost.\n * Both coins were in the [top 100](https://coinmarketcap.com/historical/20180513/) and never recovered and are now barely hanging on.\n\n**Conclusion**\n\n**🚀 🚀 🚀 🚀 🚀 🚀** See you on the moon with XRPDOWN. Who's in? **🚀 🚀 🚀 🚀 🚀 🚀**\n\n**TLDR:**\n\nXRP deserves to go down to the depths of hell instead of being used to fund Brad Garlinghouse’s expensive lawyer fees to fight a losing battle against the SEC.\n\n* Want to advance the adoption of cryptocurrencies?\n* Missed out on pumps from BTC, DOGE, GME, XRP, BitConnect?\n* Made money on the pumps and looking to make money with XRP on the way down?\n* Lost money on the XRP PUMP AND DUMP?\n* A kid named Brad in highschool started a rumour about you losing your virginity to a squirrel?\n\nFUCK XRP 🚀 Get XRPDOWN\n\nYour's truly\n\n**XRPDOWNER**\n\n**🚀 🚀 🚀 🚀**", 'https://www.reddit.com/r/AltStreetBets/comments/lb9htd/stop_paying_for_brads_lawyer_fees_actual_dd/', 'lb9htd', [['u/mtrycz', 14, '2021-02-03 01:29', 'https://www.reddit.com/r/AltStreetBets/comments/lb9htd/stop_paying_for_brads_lawyer_fees_actual_dd/glsx5hm/', '> FUCK XRP 🚀 Get XRPDOWN\n\nI support this initiative.\n\nu/chaintip', 'lb9htd']]], ['u/looperino_memes', 'You are not holding shares, please understand this.', 349, '2021-02-03 00:36', 'https://www.reddit.com/r/CryptoCurrency/comments/lb9y3n/you_are_not_holding_shares_please_understand_this/', 'I see so many new people saying they have "30 shares" of a coin or token. Let me clarify one thing for you:\n\nCoins are digital assets that run on their own native Blockchain. Examples of this are Bitcoin, Ethereum, Cardano and Polkadot.\n\nTokens are digital assets that are built on top of a Blockchain. For example, LINK is an ERC-20 token build on top off Ethereum.\n\nShares represent an ownership of a company. If Apple has 100 shares, and you own 1 share of those 100, you own 1% of Apple which makes you entitled to 1% of their Intellectual Property, Cash Reserves, Real Estate, etc.\n\nIf you have a partial ownership of Apple, you have shares. If you have 200 LINK, then you simply have 200 tokens of LINK (a.k.a Stinkies) which does not entitle you to Chainlink\'s profit nor Sergey\'s burger trips.\n\nI also hope if you are new that you are playing with.. well, play money. With that being said, welcome to Crypto and I wish you the best. TO THE MOOOOOOOOON 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀', 'https://www.reddit.com/r/CryptoCurrency/comments/lb9y3n/you_are_not_holding_shares_please_understand_this/', 'lb9y3n', [['u/Karpathos81', 25, '2021-02-03 01:00', 'https://www.reddit.com/r/CryptoCurrency/comments/lb9y3n/you_are_not_holding_shares_please_understand_this/glstjfc/', 'I\'ve come across people calling them "shares" also. It sounds funny everytime I hear crypto being referred in that way.', 'lb9y3n'], ['u/looperino_memes', 23, '2021-02-03 01:02', 'https://www.reddit.com/r/CryptoCurrency/comments/lb9y3n/you_are_not_holding_shares_please_understand_this/glsts7u/', 'Bitcoin shares surged this morning as CEO Elon Musk announced Ethereum acquisition /s', 'lb9y3n'], ['u/mcshanksshanks', 167, '2021-02-03 01:26', 'https://www.reddit.com/r/CryptoCurrency/comments/lb9y3n/you_are_not_holding_shares_please_understand_this/glswt2a/', 'Another misconception is the idea that when you secure your crypto using a hardware wallet that your crypto is on the hardware wallet. It isn’t, only your private key is stored in the wallet, the crypto never leaves its respective blockchain.', 'lb9y3n'], ['u/buster2Xk', 47, '2021-02-03 01:37', 'https://www.reddit.com/r/CryptoCurrency/comments/lb9y3n/you_are_not_holding_shares_please_understand_this/glsy90i/', "Yep, this is how wallets can be offline. They're effectively just storing an authorization to move coins.", 'lb9y3n'], ['u/manageablemanatee', 26, '2021-02-03 02:05', 'https://www.reddit.com/r/CryptoCurrency/comments/lb9y3n/you_are_not_holding_shares_please_understand_this/glt1mco/', "Indeed. Cryptocurrencies really are just distributed ledgers with everyone's balance written on them. The clever part is that because of cryptography and the fact you have a private key, only you are allowed to send money from a particular account to any other.\n\nA wallet is just a piece of software that allows you to interact with that distributed ledger by using your private key to sign transactions from your account.", 'lb9y3n'], ['u/VitaminD3goodforyou', 10, '2021-02-03 03:44', 'https://www.reddit.com/r/CryptoCurrency/comments/lb9y3n/you_are_not_holding_shares_please_understand_this/gltdubg/', 'lol dumpster landfill rummage guy and that Ironkey lost password guy.', 'lb9y3n'], ['u/_o__0_', 13, '2021-02-03 05:15', 'https://www.reddit.com/r/CryptoCurrency/comments/lb9y3n/you_are_not_holding_shares_please_understand_this/gltooep/', 'This sub is going to suck for a year.', 'lb9y3n'], ['u/dolce_and_banana', 24, '2021-02-03 06:33', 'https://www.reddit.com/r/CryptoCurrency/comments/lb9y3n/you_are_not_holding_shares_please_understand_this/gltws6j/', 'My example with this is an analogy for your debit card. When you go to an ATM to withdraw money, the card itself does not hold any money. The debit card gives you access to an amount of money in your account (which is stored on bank servers).', 'lb9y3n']]], ['u/digibytenut', 'Why do we buy Digibyte instead of being all in on Bitcoin?', 29, '2021-02-03 00:42', 'https://www.reddit.com/r/Digibyte/comments/lba2ll/why_do_we_buy_digibyte_instead_of_being_all_in_on/', "Bitcoin was created to be hard money. Proof of work, fair launch (truly decentralized), fixed maximum supply. The immutable ledger/smart contracts feature of blockchain is a wonderful bonus. \n\nHundreds of cryptos will be involved in Internet 3.0, but there's a reason why institutions are piling into Bitcoin and not into Ethereum. Ethereum, like 95% of the existing cryptos, are great for utility but don't fit the definition of hard money. So............ Why do we by Digibyte instead of being all in on Bitcoin? \n\nDIGIBYTE IS SIMPLY THE MOST UNDERVALUED CRYPTO WORTHY OF BEING CONSIDERED SOUND MONEY!", 'https://www.reddit.com/r/Digibyte/comments/lba2ll/why_do_we_buy_digibyte_instead_of_being_all_in_on/', 'lba2ll', [['u/MikeNaYe', 15, '2021-02-03 01:52', 'https://www.reddit.com/r/Digibyte/comments/lba2ll/why_do_we_buy_digibyte_instead_of_being_all_in_on/glt03bj/', 'I bought my DGB Because the Crypto revolution was about retail breaking away from anything Wall Street or central authority related and have our own space to trade peer-to-peer. That\'s what got me into Crypto.. Now, the narrative is "We are waiting for institutional investors" to get in.. Since when did BTC and Alts needed Wall Street to survive? Bitcoin is no longer what it used to be, this current slow BTC with high fees is like a stock that is being used by the same GREEDY pigs to steal money from retail, AGAIN.. These are some of the reasons why i bought DGB and focus on other Alts.. I still hold some tiny BTC.. But some of us still haven\'t forgotten why Crypto was invented in the first place.', 'lba2ll'], ['u/Vizion400', 10, '2021-02-03 03:37', 'https://www.reddit.com/r/Digibyte/comments/lba2ll/why_do_we_buy_digibyte_instead_of_being_all_in_on/gltcyzr/', "Because it is the best form of both digital cash AND store of value\n\n(Practically free to transact , almost instant speed , and safety) (UTXO)\n\nso safe ...I trust this blockchain network more than Bitcoins .\n\nThat in itself is enough for me.\n\nDigiAssets, DigiBroker ,DigiCafe , DigiID were brilliant additions because th...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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36926.07, 38144.31, 39266.01, 38903.44, 46196.46, 46481.11, 44918.18, 47909.33, 47504.85, 47105.52
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Bitcoin reached a record-breaking value in 2020 and is likely to continue its upward trend. Photo: Getty Almost two-thirds of UK investors intend to buy bitcoin in 2021 and well over half expect its value to increase to $60,000 (£43,000), according to a survey. Financial platform Investing.com found 63% of UK investors intend to buy bitcoin in 2021 for the first time, or increase their holding in the currency. The survey was conducted in January with 802 respondents, and although 61% expect bitcoin value to hit $60,000, 30% expect the cryptocurrency to rise to an even higher $100,000 (£73,000) this year. READ MORE: Stocks mixed as bleak UK data offsets US vaccine and stimulus hopes Jesse Cohen, senior analyst at Investing.com, said: \x93After a record-breaking year in 2020 that saw it jump more than 300%, bitcoin looks to stay strong in 2021 as more retail \x96 and big-name institutional buyers \x96 enter the market. \x93The recent surge in first-time novice investors \x96 combined with the flush of ultra-cheap money being pumped into the global financial system by the Federal Reserve and other global central banks \x96 have found their way into many risk-perceived assets, including Bitcoin. \x93With Bitcoin moving into the mainstream and capturing greater attention, it will likely draw further scrutiny from regulators in the United States, Europe and Asia.\x94 WATCH: What is bitcoin? Among those surveyed, 74% already possessing bitcoin were planning to buy more of the cryptocurrency, and 47% of those who had not already invested in the coin intended on purchasing it in 2021. Half of bitcoin investors say they entered the market within the last three months, and 71% of new investors in the past year revealed that they joined the market after the October spike that saw the coin\x92s value skyrocket. READ MORE: GSK profits soar but final months of 2020 slow down progress Among new investors, 26% intend to invest between £1 and £1,000 into the cryptocurrency in 2021, and 21% plan to invest between £1,000 and £10,000. Bitcoin appears to be on an unstoppable upward trajectory, however investors believe it could also face a number of threats. Story continues Over half of investors believe new regulatory restrictions is the biggest threat to bitcoin, and more than a quarter said that a pullback leading to a big selloff is the largest concern for the cryptocurrency. Other potential threats mentioned by investors in the survey were competition from central banks, hacking and taxation. When asked about the future of other cryptocurrencies, 83% of investors expect the value of ethereum to rise in 2021 and 35% expect the litecoin value to rise also. WATCH: What are the risks of investing in cryptocurrency?', 'Bitcoin reached a record-breaking value in 2020 and is likely to continue its upward trend. Photo: Getty Almost two-thirds of UK investors intend to buy bitcoin in 2021 and well over half expect its value to increase to $60,000 (£43,000), according to a survey. Financial platform Investing.com found 63% of UK investors intend to buy bitcoin in 2021 for the first time, or increase their holding in the currency. The survey was conducted in January with 802 respondents, and although 61% expect bitcoin value to hit $60,000, 30% expect the cryptocurrency to rise to an even higher $100,000 (£73,000) this year. READ MORE: Stocks mixed as bleak UK data offsets US vaccine and stimulus hopes Jesse Cohen, senior analyst at Investing.com, said: \x93After a record-breaking year in 2020 that saw it jump more than 300%, bitcoin looks to stay strong in 2021 as more retail \x96 and big-name institutional buyers \x96 enter the market. \x93The recent surge in first-time novice investors \x96 combined with the flush of ultra-cheap money being pumped into the global financial system by the Federal Reserve and other global central banks \x96 have found their way into many risk-perceived assets, including Bitcoin. \x93With Bitcoin moving into the mainstream and capturing greater attention, it will likely draw further scrutiny from regulators in the United States, Europe and Asia.\x94 WATCH: What is bitcoin? Among those surveyed, 74% already possessing bitcoin were planning to buy more of the cryptocurrency, and 47% of those who had not already invested in the coin intended on purchasing it in 2021. Half of bitcoin investors say they entered the market within the last three months, and 71% of new investors in the past year revealed that they joined the market after the October spike that saw the coin\x92s value skyrocket. READ MORE: GSK profits soar but final months of 2020 slow down progress Among new investors, 26% intend to invest between £1 and £1,000 into the cryptocurrency in 2021, and 21% plan to invest between £1,000 and £10,000. Bitcoin appears to be on an unstoppable upward trajectory, however investors believe it could also face a number of threats. Story continues Over half of investors believe new regulatory restrictions is the biggest threat to bitcoin, and more than a quarter said that a pullback leading to a big selloff is the largest concern for the cryptocurrency. Other potential threats mentioned by investors in the survey were competition from central banks, hacking and taxation. When asked about the future of other cryptocurrencies, 83% of investors expect the value of ethereum to rise in 2021 and 35% expect the litecoin value to rise also. WATCH: What are the risks of investing in cryptocurrency?', 'Bitcoin reached a record-breaking value in 2020 and is likely to continue its upward trend. Photo: Getty Almost two-thirds of UK investors intend to buy bitcoin in 2021 and well over half expect its value to increase to $60,000 (£43,000), according to a survey. Financial platform Investing.com found 63% of UK investors intend to buy bitcoin in 2021 for the first time, or increase their holding in the currency. The survey was conducted in January with 802 respondents, and although 61% expect bitcoin value to hit $60,000, 30% expect the cryptocurrency to rise to an even higher $100,000 (£73,000) this year. READ MORE: Stocks mixed as bleak UK data offsets US vaccine and stimulus hopes Jesse Cohen, senior analyst at Investing.com, said: \x93After a record-breaking year in 2020 that saw it jump more than 300%, bitcoin looks to stay strong in 2021 as more retail \x96 and big-name institutional buyers \x96 enter the market. \x93The recent surge in first-time novice investors \x96 combined with the flush of ultra-cheap money being pumped into the global financial system by the Federal Reserve and other global central banks \x96 have found their way into many risk-perceived assets, including Bitcoin. \x93With Bitcoin moving into the mainstream and capturing greater attention, it will likely draw further scrutiny from regulators in the United States, Europe and Asia.\x94 WATCH: What is bitcoin? Among those surveyed, 74% already possessing bitcoin were planning to buy more of the cryptocurrency, and 47% of those who had not already invested in the coin intended on purchasing it in 2021. Half of bitcoin investors say they entered the market within the last three months, and 71% of new investors in the past year revealed that they joined the market after the October spike that saw the coin\x92s value skyrocket. READ MORE: GSK profits soar but final months of 2020 slow down progress Among new investors, 26% intend to invest between £1 and £1,000 into the cryptocurrency in 2021, and 21% plan to invest between £1,000 and £10,000. Bitcoin appears to be on an unstoppable upward trajectory, however investors believe it could also face a number of threats. Story continues Over half of investors believe new regulatory restrictions is the biggest threat to bitcoin, and more than a quarter said that a pullback leading to a big selloff is the largest concern for the cryptocurrency. Other potential threats mentioned by investors in the survey were competition from central banks, hacking and taxation. When asked about the future of other cryptocurrencies, 83% of investors expect the value of ethereum to rise in 2021 and 35% expect the litecoin value to rise also. WATCH: What are the risks of investing in cryptocurrency?', '* Graphic: World FX rates https://tmsnrt.rs/2RBWI5E * Dollar supported against euro and yen * Sterling in focus before BoE meeting * U.S. stimulus, vaccine progress give markets hope By Stanley White TOKYO, Feb 4 (Reuters) - The dollar traded near its strongest in more than two months against the euro and the yen on Thursday as pessimism about the U.S. economic outlook receded before the release of important data on the jobs market. The British pound held steady against the dollar and traded near an eight-month high versus the euro ahead of a Bank of England policy meeting that will publish findings on the feasibility of negative interest rates. Sentiment for the dollar has improved recently as progress in coronavirus vaccinations, moves by U.S. President Joe Biden to pass more fiscal stimulus, and improving economic data forced some bearish investors to give up their short positions. The dollar faces another test on Friday with the release of non-farm payrolls data, which will help confirm whether the world\'s largest economy has shrugged off a dip in growth toward the end of last year. "The dollar\'s recovery was triggered by a rebound in yields and an increase in inflation expectations," said Junichi Ishikawa, senior foreign exchange strategist at IG Securities. "This is supporting the dollar, which now has more room to rise against the euro, because the euro zone looks like it is lagging behind U.S. economic growth." Against the euro, the dollar stood at $1.2035, close to a nine-week high. The pound bought $1.3643, stabilising after a 0.2% decline in the previous session. Sterling traded at 88.19 pence per euro, near the strongest since May last year. The dollar was quoted at 105.04 yen, near its highest since mid-November.
**Last 60 Days of Bitcoin's Closing Prices:**
[19345.12, 19191.63, 18321.14, 18553.92, 18264.99, 18058.90, 18803.66, 19142.38, 19246.64, 19417.08, 21310.60, 22805.16, 23137.96, 23869.83, 23477.29, 22803.08, 23783.03, 23241.35, 23735.95, 24664.79, 26437.04, 26272.29, 27084.81, 27362.44, 28840.95, 29001.72, 29374.15, 32127.27, 32782.02, 31971.91, 33992.43, 36824.36, 39371.04, 40797.61, 40254.55, 38356.44, 35566.66, 33922.96, 37316.36, 39187.33, 36825.37, 36178.14, 35791.28, 36630.07, 36069.80, 35547.75, 30825.70, 33005.76, 32067.64, 32289.38, 32366.39, 32569.85, 30432.55, 33466.10, 34316.39, 34269.52, 33114.36, 33537.18, 35510.29, 37472.09]
Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2021-02-04
**Financial & Commodity Data:**
- Gold Closing Price: $1788.90
- Crude Oil Closing Price: $56.23
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $685,530,868,750
- Hash Rate: 165622935.69808948
- Transaction Count: 367788.0
- Unique Addresses: 895626.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.80
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Bitcoin , BTC to USD, rose by 2.63% on Friday. Following on from a 9.70% rally on Thursday, Bitcoin ended the day at $34,253.0. A mixed start to the day saw Bitcoin fall to a late morning intraday low $31,987.0 before making a move. While steering clear of the first major support level at $30,927, Bitcoin fell through the 23.6% FIB of $33,008. Finding late morning support, Bitcoin rallied to an early afternoon intraday high $38,710.7 before hitting reverse. Bitcoin broke through the first major resistance level at $34,809 and the second major resistance level at $36,246. More significantly, Bitcoin also broke back through the 23.6% FIB of $33,008. The reversal, however, saw Bitcoin slide back through the major resistance levels to revisit sub-$34,000 levels. Steering clear of the 23.6% FIB, Bitcoin moved back through to $34,000 levels to deliver the upside on the day. The near-term bullish trend remained intact, in spite of the recent sell-off. For the bears, Bitcoin would need to slide through the 62% FIB of $18,504 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was a mixed day on Friday. Chainlink (-1.37%) and Polkadot (-2.97%) saw red to buck the trend on the day. It was a bullish day the rest of the majors, however. Ripple’s XRP rallied by 6.89% to lead the pack Ethereum (+3.47%), Crypto.com Coin (+3.65%), and Bitcoin Cash SV (+3.47%) also found strong support. Binance Coin (+0.41%), Cardano’s ADA (+0.60%), and Litecoin (+0.88%) trailed the front runners, however. In the current week, the crypto total market cap fell to a Wednesday low $847.51bn before rising to a Friday high $1,136.27bn. At the time of writing, the total market cap stood at $997.86bn. Bitcoin’s dominance rose from a Monday low 62.54% to a Friday high 65.93%. At the time of writing, Bitcoin’s dominance stood at 64.21%. This Morning At the time of writing, Bitcoin was up by 0.69% to $34,490.0. A mixed start to the day saw Bitcoin fall to an early morning low $34,244.7 before striking a high $34,900.0. Story continues Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was a mixed start to the day. Bitcoin Cash SV and Ripple’s XRP were up by 1.12% and by 0.52% to join Bitcoin in the green. It was a bearish start for the rest of the majors, however. At the time of writing, Crypto.com Coin was down by 4.09% to lead the way down. For the Bitcoin Day Ahead Bitcoin would need to move through the pivot level at $34,984 to bring the first major resistance level at $37,980 into play. Support from the broader market would be needed for Bitcoin to break back through to $37,000 levels. Barring an extended crypto rally, the first major resistance level and Friday’s high $38,710.7 would likely cap any upside. In the event of an extended crypto rally, Bitcoin could test resistance at $40,000 before any pullback. The second major resistance level sits at $41,707. Failure to move through the $34,984 pivot would bring 23.6% FIB of $33,008 and the first major support level at $31,256 into play. Barring an extended crypto sell-off, Bitcoin should steer clear of sub-$30,000 levels. The second major support level sits at $28,260. This article was originally posted on FX Empire More From FXEMPIRE: Natural Gas Price Forecast – Natural Gas Markets Drop to end the Week Crude Oil Price Forecast – Crude Oil Markets Drifting Sideways Still Gold Price Prediction – Prices Trade Sideways for the Week The Crypto Daily – Movers and Shakers – January 30th, 2021 European Equities: A Month in Review – January 2021 Silver Weekly Price Forecast – Silver Markets Have Strong Week...
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
38144.31, 39266.01, 38903.44, 46196.46, 46481.11, 44918.18, 47909.33, 47504.85, 47105.52, 48717.29
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