In the Crypto Summary of the day, the price of Bitcoin has not been in the news, as the entire session has been trending sideways. Today’s highlights have been some statements from ecosystem experts.
Bitcoin price remains lateralized in the short term
At the time of writing, the price of BTC is trading at $ 7,795, maintaining a lateral trend in the last 48 hours.
Just two weeks after Bitcoin’s Halving, the top cryptocurrency is holding firm above the $ 7,500 resistance. The great challenge to beat in the short term is located at the barrier of US $ 8,000.
If you are a short-term trader, it is an excellent time to buy before the minimum correction of the BTC, and sell near $ 8,000. Who said that a lateralized Bitcoin is not good to make money?
Binance teams up with BitPay to empower cryptocurrencies
Binance has announced its new alliance with BitPay, which offers new opportunities for companies and users to use BUSD in the real world.
This is an important step as BitPay is one of the largest Blockchain payment solution providers in the world.
In short, BitPay will support BUSD in its wallet so that its almost 2 million users can recharge their BitPay card. BitPay merchant support will arrive at a later date.
Jack Dorsey bets more than ever on Bitcoin
Dorsey, Twitter’s CEO and Square’s founder and CEO, was on an Artificial Intelligence podcast where he reaffirmed his trust in Bitcoin.
Jack Dorsey has long promoted the use of cryptocurrencies in both his personal and professional lives. It can be said that it is one of the strongest evangelizers of Bitcoin.
Dorsey considered the Bitcoin White Paper to be one of the most important computing jobs in the past 20-30 years and said it was poetry. Consider it to be a really great technology.
COVID-19 accelerates the use of Blockchain
The expansion of COVID-19 in the world drives the use of Blockchain technology by large organizations, companies and countries.
The virus has shown deficiencies in our supply chains, and an inability to deploy resources where they are most needed in the face of the pandemic. Also, difficulties in capturing and sharing the data necessary to make decisions.
In this way, Blockchain solutions that have been developing for years have been reused and unleashed to meet these challenges.
Analysts are optimistic about the future of Bitcoin price
Tim Draper, Andreas Antonopoulos and PlanB have recently shown more optimism than ever in Bitcoin. Tim is one of the most optimistic, where he predicts that the price of Bitcoin can reach the figure of $ 250,000 in 2023.
For his part, Andreas, remains on the sidelines of the Bitcoin price, preaching about the benefits of the use of cryptocurrencies, where the true wealth falls.
PlanB, is one of the most daring, predicting that the price of Bitcoin can reach $ 288,000 this year.
Will the price of lateralized Bitcoin continue? Let us know what you think in the comment box.