Bitcoin could be on track to $74,000, trader says as cryptocurrency approaches all-time highs

  • 📰 CNBC
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 72%

United States Headlines News

United States Latest News,United States Headlines

Bitcoin's brightening prospects could take the red-hot cryptocurrency above $74,000 in the year ahead, TradingAnalysis.com founder Todd Gordon says.

"It's hard to give bitcoin an intrinsic fundamental value because there's pretty much a finite supply," Todd Gordon, founder of TradingAnalysis.com, told CNBC'sTo try and see where the trade could be headed, Gordon used a concept known as the Elliott wave theory.

The first wave higher occurred in 2014, followed by a decline into 2015 and a long-term uptrend through 2018, Gordon said. The fourth wave has formed "sort of a sideways triangle" over the course of the last two years, and the fifth could be bitcoin's latest wave higher, the trader said. "I've always had to own some," Mark Tepper, president and CEO of Strategic Wealth Partners, said in the same "Trading Nation" interview.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Youtube scam 😂😂

Impossible

BTC will see the price of 12K_14K dollars before🔴who agrees with me?

'Bitcoin coulbe be on track to $fajillion, trader says as cryptocurrency approaches all-time-high'

🚀🚀🚀🚀🚀🚀🚀

“trader says”

Fud

And then on to 250k

Lol

Very conservative..last year it was going to 100,000 then collapsed back to 5,000..I know where I'd be sticking my finger.

Ladycryptocoins Here's the signal to sell guys $btc

TOP IS IN

I'd hurry & get a BinanceUS account, 😸 Lowest fees Best part 0 ach wire fees for deposits & withdrawals!👏 📈Earn staking rewards while trading $atom $algo $xtz $vet Ref 35020639 crypto bitcoin ltc bnb btc algo refferal stacksats binanceUS

Top

Exactly

Seems bitcoin tracks the market pretty closely. It’s proved not to be the store of value everyone thought it was back in March when everyone moved to gold as per usual.

StackSats PrintGats HODL

Bitcoin is bitcoin! would keep surprising people🤞🏻..Anyone interested in getting a passive income through bitcoin trading with no experience needed, should send a direct message 🚀

FastMoney Never any bears for Bitcoin, only bulls. Take some profits.

One can hope!

EGuevara74 LucasCardenasMx q opinan

Only?

naytrades

JohnSpall247 TRADER SAYS

Okay....let’s not get too far ahead of ourselves here

housedoctorjr $ZAP is NEXT! 🚀ZAP=ERC20, chainlink, BandProtocol & UniswapProtocol COMBINED🔜DeFi TOKENIZATION of ANYTHING CUSP OF COMMERCIALISATION 🆕ZapProtocol UI v2🔜 🆕WEBSITE & HEAVY MARKETING🔜 520MIL MAX SUPPLY MICROCAP (15MIL) ZAPNATION ALTSEASON 👉🏼RT

For the curious:

Don't you think this a bit too much?

It's called...'Pump & dump'!!

Is your Amazon delivery driver telling you about bitcoin?

Such a specific, clearly bullshit number

Chumps.

$100-120k in 2021 wouldn’t be that crazy looking at the log progression, but we are pretty close to a top now, $23-24k could well be where it ends for now, before a major correction. Final melt-up coming. Enjoy.

😂

FastMoney It will hot that price twice. Once on the way up and again on the way down

i was thinking more like 73,000

Can you connect me with that trader and is there a put option a available if I wanted to bet against it?

Does this trader have a crystal ball of where the Dow will be in one year?

Could that take Litecoin to $1K? The answer is yes

Thats it, the finally proof. Major quick wick correction incoming

My stock never even hit a dollar.

Put your finger in the air! I think it could go to 86500? Even so called smart people have no idea how to value it. But they make comments like, 'it is going up, more demand then supply!'

Remember that new people are coming into the financial market including supervisors and regulators . A lot of hype on Bitcoin will hurt a lot of people dealing in crypto

🤣🤣🤣

Not yet lol I would be buying dip if it hits 74k

Same happened in 2017, 'traders' expected $50k price and Lambo... what came instead was 2 years of deep silence in heavy loss. I'm long BTC btw.

250k$

🚀🚀🚀🚀🚀

That's what they said the last time when they were selling it to all the suckers.

As your network laughed and begged people not to buy bitcoin just a couple years ago. MelissaLeeCNBC

Non of these calls when in was under $4,000 in March🤡 $GBTC BTC

shillafromanila Take a look at XRP and XLM 😈

Pump and dump

I see it at 3,1415926535M

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.