After the US Federal Reserve dropped rates, Bitcoin sank to $92,000 Friday afternoon, December 20. The top cryptocurrency rebounded over $97,000 on the same day, suggesting a recovery.
Investors hope Bitcoin will return to its all-time high of $108,135, but a famous crypto expert has set an ambitious objective. The new positive Bitcoin price target is explained below.
Does Bitcoin Price Repeat 95% Rally?
NewsBTC chief of research Tony “The Bull” Severino made an intriguing Bitcoin price prediction on X. The CMT-certified crypto analyst expects the flagship cryptocurrency to hit $200,000.
The Bitcoin price action relative to Bollinger Bands supports this optimistic prediction. Three lines make up the Bollinger Bands indicator: a simple moving average (middle band), upper and lower bands. This technical analysis tool measures financial market volatility.
Severino says BTC's daily price retested the monthly upper Bollinger Band. History shows that this move has started major price rallies.
After a similar retest in late January 2024, prices rose 86% to $73,737, the old all-time high. Severino said Bitcoin might rise 95% from its present price to a new record high of $200,000.
Bitcoin is now at $97,265, up 0.8% in 24 hours. However, the top cryptocurrency is down 4% weekly.
This Must Happen First
Given Bitcoin's growth in recent months, the $200,000 aim may not be too far off. The newest on-chain data reveals that the market leader must overcome substantial resistance around $97,500 and $99,800.
Crypto commentator on X said that around 924,000 addresses acquired 1.19 million BTC at the price. This creates resistance when purchasers inside the price range sell their assets to break even after a loss, lowering prices.
Martinez stated that if BTC breaks this level, investors may see the main cryptocurrency return to its all-time high and maybe construct a new one.
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Transactions on the NEAR Protocol reach finality in under three seconds and cost less than $0.01 in fees. As the rollout of Nightshade sharding progresses, the platform is expected to achieve even greater levels of scalability.$NEAR
Investing.com -- BlackRock (NYSE:BLK), recognized as the world's biggest asset manager, controlling $11.5 trillion in assets, has made a significant move toward embracing cryptocurrencies. The company recently launched a three-minute educational video focused on Bitcoin, the leading digital currency. This move comes on the heels of BlackRock's recent advice to investors that they could consider allocating up to 2% of their portfolio to Bitcoin. #BTC $BTC
#TIA #CELESTIA 😈 ALL WHAT YOU NEED TO KNOW ABOUT TIA AND PRICE PREDICTION 🚀👍 in first comment price prediction for December and January Believe me this is the future crypto Celestia (TIA) 🚩is the first modular blockchain network that enables anyone to easily deploy their own blockchain with minimal overhead. Celestia scales by rethinking blockchain architecture from the ground up. It is a minimal blockchain that decouples execution from consensus by introducing a new primitive, data availability sampling. Since Celestia does not impose any execution or settlement constraints, developers are free to define their own execution and settlement environments. This unlocks new, unrealized possibilities for builders and developers.
Celestia is a departure from the status quo of monolithic blockchains. Monolithic blockchains face scaling difficulties because they perform all core functions of a blockchain such as processing transactions, ensuring that transactions are correct, and getting network nodes to agree on both the validity and ordering of transactions. Modular blockchains introduced the notion of decoupling consensus from the execution of transactions, thus achieving greater scalability without loss of security or decentralisation.
A modular approach to blockchains opens up a world of new possibilities. Experimentation becomes much easier as new application specific or general purpose blockchains can deploy to Celestia and immediately inherit security from Celestia’s validator set. Modular blockchains enable control over the rules of an application through sovereignty because developers can make alterations to the tech stack without permission from outside applications. $TIA
#TIA #CELESTIA 😈 ALL WHAT YOU NEED TO KNOW ABOUT TIA AND PRICE PREDICTION 🚀👍 in first comment price prediction for December and January Believe me this is the future crypto Celestia (TIA) 🚩is the first modular blockchain network that enables anyone to easily deploy their own blockchain with minimal overhead. Celestia scales by rethinking blockchain architecture from the ground up. It is a minimal blockchain that decouples execution from consensus by introducing a new primitive, data availability sampling. Since Celestia does not impose any execution or settlement constraints, developers are free to define their own execution and settlement environments. This unlocks new, unrealized possibilities for builders and developers.
Celestia is a departure from the status quo of monolithic blockchains. Monolithic blockchains face scaling difficulties because they perform all core functions of a blockchain such as processing transactions, ensuring that transactions are correct, and getting network nodes to agree on both the validity and ordering of transactions. Modular blockchains introduced the notion of decoupling consensus from the execution of transactions, thus achieving greater scalability without loss of security or decentralisation.
A modular approach to blockchains opens up a world of new possibilities. Experimentation becomes much easier as new application specific or general purpose blockchains can deploy to Celestia and immediately inherit security from Celestia’s validator set. Modular blockchains enable control over the rules of an application through sovereignty because developers can make alterations to the tech stack without permission from outside applications. $TIA
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#TIA OR #CELESTIA ALL WHAT YOU NEED TO KNOW ABOUT CELESTIA 💰 AND PRICE PREDICTION🚀 What Is Celestia (TIA)? Celestia, also known as TIA, is a decentralized finance (DeFi) protocol on the Binance Smart Chain, offering automated market-making, lending, borrowing, staking and yield farming services. The TIA token is used for transactions, governance and staking rewards. Celestia aims to provide a secure and transparent platform for trading and investing in digital assets, with the goal of democratizing access to decentralized finance.
Most blockchains are interconnected; the entire blockchain is used to perform all tasks, regardless of how big or small. This feature limits scalability and efficiency, as all functions have to be taken into account when making changes.
To address this, Celestia developed a modular blockchain system where each component can operate independently yet contribute to the overall functioning of the chain. This approach allows for better experimentation and testing through Celestia's deployment system, streamlining the development process for developers.
Will Celestia Go Past All-Time Highs?
Experts believe that TIA has growth potential, given it is still in its early stages of development. As more investors become aware of its potential, the price of Celestia (TIA) is expected to increase and go past its all-time high of $20.91.$TIA
#TIA OR #CELESTIA ALL WHAT YOU NEED TO KNOW ABOUT CELESTIA 💰 AND PRICE PREDICTION🚀 What Is Celestia (TIA)? Celestia, also known as TIA, is a decentralized finance (DeFi) protocol on the Binance Smart Chain, offering automated market-making, lending, borrowing, staking and yield farming services. The TIA token is used for transactions, governance and staking rewards. Celestia aims to provide a secure and transparent platform for trading and investing in digital assets, with the goal of democratizing access to decentralized finance.
Most blockchains are interconnected; the entire blockchain is used to perform all tasks, regardless of how big or small. This feature limits scalability and efficiency, as all functions have to be taken into account when making changes.
To address this, Celestia developed a modular blockchain system where each component can operate independently yet contribute to the overall functioning of the chain. This approach allows for better experimentation and testing through Celestia's deployment system, streamlining the development process for developers.
Will Celestia Go Past All-Time Highs?
Experts believe that TIA has growth potential, given it is still in its early stages of development. As more investors become aware of its potential, the price of Celestia (TIA) is expected to increase and go past its all-time high of $20.91.$TIA