Bitcoin Price Mimicking Trajectory Of Silver In 1970s

Bitcoin is ‘digital gold’; this is the true power of the cryptocurrencyIf we go back to the 1970’s, we see the same parallel trend: was no coincidence that the silver price shot up in 1978 along with the oil price.

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19 May 2020.

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21/01/2019  · According to CCN, the Executive Vice President at BitOoda, wrote in a daily note to clients, that Bitcoin is mimicking the trajectory of the 2011 silver bubble. BitOoda had been tracking similarities in the 2011 silver bubble, and predicted in early December 2018, that Bitcoin would likely crash toward lows of around $3,200 within one to three months.

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The bitcoin price could be primed for another sell-off, which some analysts believe would make it cheap enough to entice Wall Street to buy the dip. | Source: Shutterstock With the bitcoin price continuing to hover around $3,500 following last week’s sell-off, technical analysts have begun fevered debates about whether the flagship cryptocurrency will see more losses ahead. Crypto.

Writing in a daily note to clients, BitOoda Executive Vice President Brian Donovan said that bitcoin is mimicking the trajectory of the 2011 silver bubble, which saw the precious metal’s spot price explode to nearly $50 and then crash soon after. Today, silver is trading at $15.59, nearly 70 percent below its April 2011 high.

Of course, a large percentage of the silver price increase during the 1970's was due to.

Bitcoin Hits New Highs While The Silver Price Continues To Languish.

08/04/2019  · With the bitcoin price continuing to hover around $3,500 following last week’s sell-off, technical analysts have begun fevered debates about whether the flagship cryptocurrency will see more losses ahead. Crypto brokerage firm BitOoda believes tha.

18/01/2019  · Writing in a daily note to clients, BitOoda Executive Vice President Brian Donovan said that bitcoin is mimicking the trajectory of the 2011 silver.

29 Mar 2020.

However, it is evident that both time and frequency are prominent for oil, gold, silver and Bitcoin price dynamics as they have experienced a.

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