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📈 Price Predictions
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Bitcoin (BTC) Price Prediction: Bulls Are on the Way to $6,000

  • Alex Dovbnya
    📈 Price Predictions

    A new resistance level is being achieved almost every day. Where is the stop?

Bitcoin (BTC) Price Prediction: Bulls Are on the Way to $6,000
Cover image via u.today

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

A week has started positively for Bitcoin, in the morning its rate reached the $5,300 mark.

After a week of sharp growth, the Bitcoin price is in the overbought zone, so a small pullback is about to happen soon. It is worth mentioning that the fall in quotes did not reach 50% of the previous growth, so one can count on the continuation of the uptrend. At the same time, the traditional analysis is not always suitable to the cryptocurrency market, since relatively low volumes allow major players to manipulate prices.

BTC/USD chart by TradingView 
BTC/USD chart by TradingView

Bitcoin's position suggests the probability of forming a horizontal corridor. But the moment of time is too enticing not to make another attempt to go up. Most likely, during the following week Bitcoin will be trading between the levels of $5,300 - $5,500.

One of the reasons for the sharp rise in the cryptocurrency in recent days can be several large transactions with Bitcoin, conducted on the most popular trading platforms almost at once. In turn, altcoins have traditionally followed the main crypto.

An alternative version explains the rise in the cryptocurrency rate by the growth of active Bitcoin wallets a few weeks before the rally. Thus, in this case, we are talking about a surge in the activity of a large number of cryptocurrency holders, as this has affected rates.

The price of Bitcoin is trading at $5,288.82 at the time of the writing.

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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📰 News
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You Can Now Pay with Bitcoin, Ethereum, or Litecoin on Amazon

  • Alex Dovbnya
    📰 News

    A new browser extension allows making payments on Amazon with the help of top cryptocurrencies

You Can Now Pay with Bitcoin, Ethereum, or Litecoin on Amazon
Cover image via 123rf.com

Amazon users can now buy goods with Bitcoin via the Lightning Network because of a new startup called "Moon."

According to TechCrunch, the company with a flashy name has just released a browser extension that will allow making payments on the biggest e-commerce platform. 

You can use any Bitcoin wallet with the Lightning Network support in order to make instantaneous transactions. For instance, Electrum, one of the most widely used Bitcoin wallets, now supports the popular off-chain scaling solution. 

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eBay Is Rumored to Start Accepting Crypto Payments

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Another option is to link the extension to your Coinbase account and make a payment with Bitcoin, Ethereum, or Litecoin while leveraging the API of the number one cryptocurrency exchange in the US. 

While Overstock.com, Newegg and some other major retailers have already embraced crypto, Amazon is yet to move in this direction. Moon makes the magic happen by converting crypto to fiat without charging additional fees. 

As of now, the service is only available in the US, but Moon soon plans to expand to other countries.     

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Back in May, U.Today reported how Flexa's payment app Spedn allowed Whole Foods, Crate and Barrel, and other brick-and-mortar retailers to accept crypto payments.   

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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