Indicator shows: Bitcoin could explode parabolically – if the past repeats itself

Bitcoin has seen mixed price action lately, with the bulls unable to take control of the trend after the price rose to $ 28,500.

The opposition here has been quite intense, and Bitcoin Victory has yet to show any signs of strength in the aftermath of this event.

The fact that the bulls prevented a deeper setback is positive because it invalidates the possibility that this recent high was a blow-off top

One trader now comments that there is an incredibly bullish indicator that is blinking for Bitcoin.
Referencing the cryptocurrency’s monthly RSI, he writes that a monthly close above a certain level that it is approaching is historically followed by parabolic moves upwards.

In the past, these moves have had an average return of 1,010%, but their size and length seem to decrease over time.

Bitcoin and the entire crypto market have declined in the past 12 hours, which appears to be the direct result of the pressure Ripple’s XRP is putting on the market due to its recent sell-off.

How the market travels over the medium term, however, in all likelihood does not depend on XRP – and that means this latest round of selling pressure can mark a knee-jerk reaction from investors.

One analyst comments that Bitcoin’s monthly RSI is an incredibly bullish sign of where BTC is headed next.

Bitcoin is fighting for momentum after being rejected at $ 28,500

At the time of writing, Bitcoin is trading at $ 27,900. BTC has not yet received enough buy-side support to break above heavy resistance that lies in the lower $ 28,000 region.

For now, this tip could mark a blow-off top.

Indicator signals: BTC is on the verge of a parabolic rise

A trader wrote in a tweet that Bitcoin could be on the cusp of a parabolic movement in the coming days and weeks. He refers to the so-called monthly RSI of the cryptocurrency as an indicator for this.

„BTC – Monthly RSI. The monthly candle is about to close over 80. When this happens the bullish trend will continue, with an average return of 1010.87%. Every cycle is shorter. „

The coming days should shed some light on Bitcoin’s trend as continued weakness could confirm $ 28,500 as a local high and lead to a deeper setback.

Bitstamp will cease trading and deposits of XRP

Bitstamp will cease trading and deposits of XRP in January

  • XRP is in trouble following the SEC’s lawsuit against Ripple.
  • BItstamp is the largest crypto exchange to have blocked US customers.
  • The third largest crypto exchange is struggling to keep up with these allegations.

The Trust Project is an international consortium of media organisations based on transparency standards.

The popular exchange BItstamp has announced that Bitcoin Lifestyle it will halt XRP trading for US customers. This follows an announcement by the SEC that the regulator is pursuing a lawsuit against Ripple Labs.

Suspending trading of XRP

XRP haters continue to feast while another crypto exchange stops trading the coin. After Ripple revealed that it was facing a lawsuit from the US Securities and Exchange Commission (SEC) for illegal sales of securities, the XRP’s share price plummeted.

Shortly thereafter, a number of exchanges began delisting XRP or halting trading for US customers. The OSL, CrossTower and Beaxy exchanges all stopped trading XRP. The crypto Bitwise hedge fund withdrew the coin from its portfolio. They all cited the SEC lawsuit as the reason.

Bitstamp then threw in the towel and announced the end of XRP trading for its US clients. Bitstamp is the largest exchange to date to announce the news.

In light of the SEC’s recent filing alleging XRP is a security, we are going to halt XRP trading and deposits for all US customers on January 8, 2021. Other countries are not affected. Read more: https://t.co/RUGtkAjr08
– Bitstamp (@Bitstamp) December 25, 2020

Following the recent SEC filing alleging that XRP is a security, we will discontinue XRP trading and filings for all U.S. customers effective January 8, 2021. Other countries are not affected. Read more:

On their website, the company announced that it would halt all trading and filings for XRP as of January 8, 2021 at 9:00 p.m. UTC. US customers will then be able to withdraw XRP, while citizens of other countries will not be affected.

Bitstamp, which has a daily trading volume of $500 million, says it will monitor the situation and adjust accordingly.
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Ripple Labs announced that they were expecting an SEC trial the day before the official release of the information by the authorities. The authorities accuse CEO Brad Garlinghouse and co-founder Chris Larsen of conducting an illegal sale of securities „in progress“.

In the United States, securities must be registered with the relevant authorities, usually the SEC, in order to be publicly traded. Non-securities assets include ownership and currency. Ripple Labs emphasizes that XRP, which is designed to streamline money transfers, is a currency and not a security.

For its part, when the Fed comments on the status of a cryptoney, it generally refers to it as property. Some frustration arises with phenomena such as proof of stakes, in which small blocks of rewards could be treated as separate taxable events. Within the US Congress, there have been some efforts to try to smooth out these inconsistencies.

In the past, the U.S. government has suggested that it would not consider Bitcoin (BTC) and Ethereum (ETH) to be securities. In 2019, Larsen and Garlinghouse wrote an open letter imploring the US government to slow down regulation.

Alfred Kelly, PDG de Visa, pense que l’avenir de la cryptographie est solide

Le PDG de Visa, Alfred Kelly, réfléchit à la direction que prendra bitcoin dans les prochains mois.

Kelly : Le monde des paiements est sur le point de s’ouvrir

Il ne fait aucun doute que le Ethereum Code a connu une année assez forte (c’est probablement la seule chose qui soit restée forte tout au long de 2020). Une fois le coronavirus mort et disparu, les choses ne vont pas nécessairement s’améliorer pour les espèces, les chèques et les autres moyens de paiement traditionnels. Kelly pense que le monde va probablement passer au paiement numérique de telle sorte que le bitcoin et ses cousins altcoin auront une grande marge de manœuvre supplémentaire pour se développer et être adoptés.

Dans une récente interview, il a expliqué :

Le champ de bataille se trouve toujours sur le marché local, tous les jours. Nous sommes présents dans 230 pays et territoires et nous voulons gagner autant de transactions que possible… Nous sommes un réseau et nous essayons de plus en plus de devenir un réseau de réseaux.

Il souligne également que de nombreuses nouvelles entreprises apparaissent un peu partout. Ces sociétés sont conçues pour servir d’intermédiaires en quelque sorte entre les sociétés de paiement et les clients et sont construites pour que les paiements numériques puissent se faire à un niveau beaucoup plus facile. L’une de ces sociétés est connue sous le nom de Plaid, qui est actuellement utilisée par environ 11 000 entreprises financières et près de 3 000 développeurs fintech.

La société s’efforce de faire circuler les données. Elle travaille en tandem avec Visa, qui est spécialisée dans le transfert d’argent. Kelly a commenté :

Plaid est juste à son niveau le plus simple un autre réseau qui, selon nous, s’inscrit dans un désir d’avoir de multiples réseaux sur lesquels nous déplaçons des informations et de l’argent dans le monde entier.

Plaid n’est pas la seule société conçue pour fonctionner de cette manière. Un autre – Finicity – a attiré l’attention de son concurrent Visa, Mastercard. Les dirigeants ont annoncé plus tôt dans l’année leur intention de racheter l’entreprise pour environ un milliard de dollars.

Le nouveau magasin de valeur ?

explique Lex Sokolin, expert en fintech et co-directeur mondial de fintech chez ConsenSys :

En tant que rail de paiement, l’entreprise doit se connecter à tous les marchés et à tous les lieux de commerce disponibles. Comme les actifs numériques (sous toutes leurs formes) sont plus sérieusement considérés par les gouvernements comme légitimes et comme un véritable instrument économique, il devient plus stratégique pour un réseau de cartes de s’y connecter…

Une grande partie du travail effectué dans ce domaine au cours des deux dernières années se rassemble pour créer une nouvelle histoire dans le courant dominant… Des sociétés comme PayPal soutiennent les achats de bitcoins, et Square utilise [bitcoin] comme actif de trésorerie. L’OCC affirme que les banques américaines peuvent également conserver des actifs cryptographiques.

Ce qui est intéressant, c’est qu’il y a environ deux ans, Kelly a mentionné que la seule façon pour Visa de s’impliquer dans la cryptographie est de devenir une réserve de valeur. C’est cette année-là que le bitcoin a véritablement été établi comme tel, ce qui a finalement permis à la monnaie d’atteindre un niveau sans précédent malgré les conditions économiques difficiles auxquelles elle a été confrontée.

Brazilian Startup Bitso grows 10 times in 2020 and wants 100,000 customers by April

Bitcoin’s multi-purpose portfolio startup grew strongly during the year and wants to triple customers in the short term.

Bitso Brazilian Startup grows 10 times in 2020 and wants 100,000 customers by AprilNOTÍCIAS

The Brazilian startup of Bitcoin Bitfy portfolios announced that it had accumulated 10-fold growth in 2020, according to Exame.

3 graphs proving that new retailers have not yet arrived at Bitcoin
The company’s main portfolio is a multi-purpose Bitcoin blockchain. According to the text, Bitfy has already traded R$ 25 million in the application launched in January 2020. The company also says the app has grown 40% per month in the past three months.

Lucas Schoch, CEO and founder of Bitfy, comments on the company’s performance:

„The world is converging on the digitization of money, and that is completely related to the way we will use it, always involving the discussion of how far cryptomyces will be of use today if nations can be fully digitized. Our growth is directly Crypto Bank linked to this change in thinking“.

Twitter goes wild with ‚$1 million BTC offer‘ from rapper Megan Thee Stallion
In 2020, Bitfy also partnered with Cielo, allowing payments in Bitcoin in more than 1.5 million commercial establishments and digital services, in addition to partnerships with delivery startups such as iFood, Evino and Rappi.

In October, the startup led a round of investments led by Brazilian group Urca Angels, raising R$1.4 million. For the next few months, Bitfy plans to lead another round of Series A investments, with an eye on international expansion:

„We have gained breath to continue with our projects to democratize the use of Bitcoin, bringing practicality and security to this market. The investment is essential to continue with the launch of new solutions and products that we prepare for the coming months“.

With 30,000 registered users, Bitfy’s goal is to triple this number in the short term. The company expects to reach 100 thousand users by April 2021.

If it goes well: Trader enters with 81 Bitcoins in the Brazilian NoxBitcoin and leaves with 167 BTC using leverage
As reported by Cointelegraph Brasil at the end of November, the startup also entered into a recent partnership to offer payment at BTC in healthcare services. In October, the company was a finalist for a US$1 million financing prize.

Translated with www.DeepL.com/Translator (free version)

A MicroStrategy Continua Empilhando Sats, Desta vez Comprando 2.574 Bitcoins

Na sexta-feira (4 de dezembro), Michael J. Saylor, Co-Fundador, Presidente e Diretor Executivo da empresa de business intelligence Nasdaq, MicroStrategy Inc. (Nasdaq), foi o primeiro a ser nomeado para o cargo de Diretor Executivo. (NASDAQ: MSTR), revelou que sua empresa havia comprado mais Bitcoin.

Em 11 de agosto, a MicroStrategy anunciou através de um comunicado de imprensa que havia „comprado 21.454 bitcoins a um preço de compra agregado de US$ 250 milhões“ para usar como um „ativo primário de reserva de tesouraria“.

Saylor disse na ocasião:

„Nossa decisão de investir em Bitcoin Era nesta época foi motivada em parte por uma confluência de macro fatores que afetam o cenário econômico e empresarial que acreditamos estar criando riscos a longo prazo para nosso programa corporativo de tesouraria – riscos que devem ser abordados de forma pró-ativa.

„Esses macro fatores incluem, entre outras coisas, a crise econômica e de saúde pública precipitada pela COVID-19, medidas de estímulo financeiro governamentais sem precedentes, incluindo a flexibilização quantitativa adotada em todo o mundo, e a incerteza política e econômica global.

„Acreditamos que, juntos, estes e outros fatores podem ter um efeito depreciador significativo no valor real de longo prazo das moedas fiat e muitos outros tipos de ativos convencionais, incluindo muitos dos ativos tradicionalmente mantidos como parte de operações de tesouraria corporativa“.

Então, em 14 de setembro, a MicroStrategy divulgou, preenchendo um „Formulário 8-K“, que havia adotado uma nova Política de Reserva de Tesouraria, como resultado da qual suas participações na Bitcoin „podem aumentar além dos US$ 250 milhões de investimento que a Empresa divulgou em 11 de agosto de 2020“.

No dia seguinte, Saylor forneceu uma atualização sobre o investimento de sua empresa na Bitcoin:

Em 27 de outubro, a MicroStrategy teve sua chamada de faturamento do 3º trimestre de 2020. De acordo com a transcrição (fornecida por The Motley Fool), tanto Saylor (CEO da empresa) quanto Phong Le, presidente e CFO da empresa, estavam lá para fornecer aos analistas informações adicionais sobre os resultados do 3º trimestre de 2020.

Com relação à Bitcoin, disse o presidente da MicroStrategy:

  • „… durante o trimestre, adquirimos aproximadamente 38.250 bitcoins por um preço agregado de US$ 425 milhões. Isto equivale a um preço médio de aproximadamente US$ 11.111 por bitcoin“.
  • „Por nossa política de reserva de tesouraria, você deve esperar que compraremos bitcoins adicionais à medida que geramos dinheiro além do que precisamos para administrar o negócio no dia-a-dia ou para implantar para outros fins corporativos“.

Bem, agora, parece que a MicroStrategy investiu mais de seu dinheiro em Bitcoin, desta vez comprando 2.574 bitcoins a um custo de aproximadamente US$19.427 por bitcoin.