Advertise
CoinTrust
BTC
ETH
BCH
SOL
DOGE
SHIB
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • Bitcoin Casinos
    • New Crypto Casinos
    • No KYC Crypto Casinos
    • Anonymous Crypto Casinos
    • VPN Friendly Crypto Casinos
    • Bitcoin Poker
    • Crypto Poker
    • Bitcoin Bingo
    • USDT Casinos
    • Offshore Online Casinos
    • Bitcoin Betting Sites
    • Crypto Sports Betting
    • Reddit’s Best Bitcoin and Crypto Casinos
No Result
View All Result
CoinTrust
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • Bitcoin Casinos
    • New Crypto Casinos
    • No KYC Crypto Casinos
    • Anonymous Crypto Casinos
    • VPN Friendly Crypto Casinos
    • Bitcoin Poker
    • Crypto Poker
    • Bitcoin Bingo
    • USDT Casinos
    • Offshore Online Casinos
    • Bitcoin Betting Sites
    • Crypto Sports Betting
    • Reddit’s Best Bitcoin and Crypto Casinos
No Result
View All Result
CoinTrust
No Result
View All Result

Home » Bitcoin Heading For $6558?

Bitcoin Heading For $6558?

Kelly Cromley by Kelly Cromley
Dec 27, 2018
in Bitcoin News, Market News, News
Reading Time: 2 mins read
0

Anthony Pompliano, founder of the investment firm Morgan Creek Digital Assets, says he believes that Bitcoin prices will soon fall below $ 3,000. “In fact, I think we have less to go in the short term,” Anthony Pompliano told CNBC’s Squawk Box in a new interview.

In November, Pompliano forecast a $3,000 plunge for BTC / USD, which took place earlier this month.

Since then, prices have decreased across crypto markets, with Bitcoin reaching its monthly peak of almost $4,300 before falling to $3,782 at the time of the press. Some altcoins gained much more than double their respective USD values.

“Bitcoin’s definitely a non-correlated asset. If you look at the correlation between the digital asset and the S&P 500 over the last 180 days, it’s at zero. If you look at it compared to the dollar index, it’s near zero. So I think that it’s proved it’s not correlated, and we expect that to continue.”

Last week, veteran trader Tone Vays warned that Bitcoin would fall to at least $1,300, the peak of its bull run in 2013, close to the 50-month moving average.

Technically, the uptrend which has begun a week back is still intact as long it holds above 3,545. A break below this level will trigger selloff by smart traders. For the current week, we can expect the crypto to bounce back after touching the level of 3750.



The crypto is expected to struggle between 4000 and 4300 levels as there are multiple resistance levels in that region (4161, 4210 and 4309). A firm cross over above 4309 level will take the crypto to 5224, 5667 and 6558. It can be remembered that we had clearly stated in the first week of December that Bitcoin will see a rally as soon as it crosses 3582 level. It would be interesting to see whether Bitcoin is able to hold above $3,750 this week and $3545 this month. The technical analysis has been done by our custom built program. No positions are advised or suggested. Traders are expected to draw a conclusion after assessing all pros and cons.

Previous Post

Japan’s Mizuho Financial To Launch Crypto Currency

Next Post

PwC – Big Banks Will Drive Crypto Adoption

Related Posts

d3serve-labs-blockchain-plan-for-domain-transfers

D3Serve Labs Proposes Blockchain Model for Domain Transfers

by Kelly Cromley
Jun 15, 2025
0

D3Serve Labs, operating independently from D3 Global Inc., has submitted a new patent application to the United States Patent and...

daiko’s-virtual-pet-blends-real-dog-care-with-gamified-tech

Daiko’s Virtual Pet Blends Real Dog Care with Gamified Tech

by Kelly Cromley
Jun 15, 2025
0

Daiko, an Ireland-based technology company, has revealed plans to introduce a blockchain-powered Virtual Pet game that aims to bridge the...

Emerging Cryptocurrency Shakes Up Industry as Potential Alternative to Bitcoin: ‘True Innovation’

Emerging Cryptocurrency Shakes Up Industry as Potential Alternative to Bitcoin: ‘True Innovation’

by Mostafijur Rahman
Jun 14, 2025
0

A rising cryptocurrency project is turning heads across the blockchain industry, positioning itself as a credible alternative to Bitcoin—and it’s...

tass-hub-ziggy-zeigler-web3-partnership

TASS HUB and Ziggy Zeigler Team Up to Empower Web3 Creators

by Kelly Cromley
Jun 14, 2025
0

TASS HUB, a decentralized Web3 content marketplace built on the Solana blockchain, has announced an exclusive long-term collaboration with Ziggy...

peaq-partners-abu-dhabi-dubai-for-machine-defi

peaq Joins Forces with Abu Dhabi and Dubai to Pioneer “Machine DeFi”

by Kelly Cromley
Jun 14, 2025
0

Abu Dhabi and Dubai have revealed an ambitious plan to establish what is being described as the world’s first fully...

altlayer-t-rex-web3-partnership

AltLayer and T-Rex Unite to Simplify Web3 Access for Billions

by Kelly Cromley
Jun 14, 2025
0

AltLayer, a leading provider in the Rollup-as-a-Service domain, has disclosed its strategic collaboration with T-Rex, a distinctive blockchain platform known...

Next Post
PwC – Big Banks Will Drive Crypto Adoption

PwC – Big Banks Will Drive Crypto Adoption

  • blackrock invests in colle web3

    COLLE: Pioneering AI Web3 Platform Receives Investment Boost from BlackRock

    by Kelly Cromley
    May 13, 2024
  • Router Protocol and OpenWorldSwap Partnership to Revolutionize DEX Market

    by Kelly Cromley
    Aug 6, 2024
  • Central Bank of Saudi Arabia Teams Up with Ripple to Transform Cross-Border Settlements

    by Kelly Cromley
    Aug 17, 2023
  • GameStop’s Digital Transformation: Embracing Blockchain and NFTs

    by Kelly Cromley
    Feb 2, 2025
  • Blockchain Based Sports Platform SportsMint Unveiled

    by Kelly Cromley
    Apr 30, 2024

Recent News

d3serve-labs-blockchain-plan-for-domain-transfers
Market News

D3Serve Labs Proposes Blockchain Model for Domain Transfers

by Kelly Cromley
Jun 15, 2025
daiko’s-virtual-pet-blends-real-dog-care-with-gamified-tech
Market News

Daiko’s Virtual Pet Blends Real Dog Care with Gamified Tech

by Kelly Cromley
Jun 15, 2025
tass-hub-ziggy-zeigler-web3-partnership
Market News

TASS HUB and Ziggy Zeigler Team Up to Empower Web3 Creators

by Kelly Cromley
Jun 14, 2025
peaq-partners-abu-dhabi-dubai-for-machine-defi
Market News

peaq Joins Forces with Abu Dhabi and Dubai to Pioneer “Machine DeFi”

by Kelly Cromley
Jun 14, 2025
altlayer-t-rex-web3-partnership
Market News

AltLayer and T-Rex Unite to Simplify Web3 Access for Billions

by Kelly Cromley
Jun 14, 2025

Categories

  • Altcoin News
  • Analysis News
  • Binance Coin News
  • Bitcoin News
  • Blockchain
  • Blog
  • Cardano News
  • Ethereum News
  • ICO News
  • Legislation News
  • Market Forecasts
  • Market News
  • News
  • Ripple
  • Ripple News
  • Solana News
  • Tether News
  • XRP

Cointrust

  • About Us
  • Contact Us
  • Correction Request
  • Our Team

Legal

  • Disclaimer
  • Terms & Conditions
  • Privacy Policy
  • Cookie Policy

Popular

  • ICO Listings
  • Knowledge Base
  • All about Mining
  • Cryptocurrency Exchanges
  • How and Where to buy Cryptocurrency

Sitemap

  • News section
  • Sitemap
  • XML Sitemap

© 2024 CoinTrust.com.

CoinTrustCoinTrust

* DISCLAIMER: All information provided in CoinTrust is merely for informational purposes, we are not an investment advisor and not affiliated with any companies or ICO/Cryptocurrency Projects. To use this website you must accept our cookie policy, Disclaimer and Privacy Policies.

No Result
View All Result
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • Bitcoin Casinos
    • New Crypto Casinos
    • No KYC Crypto Casinos
    • Anonymous Crypto Casinos
    • VPN Friendly Crypto Casinos
    • Bitcoin Poker
    • Crypto Poker
    • Bitcoin Bingo
    • USDT Casinos
    • Offshore Online Casinos
    • Bitcoin Betting Sites
    • Crypto Sports Betting
    • Reddit’s Best Bitcoin and Crypto Casinos

© 2024 CoinTrust.com.

We use cookies to ensure that we give you the best experience on our website.
If you continue to use this site you agree to allow us to use cookies, in accordance with our Cookie Policy.
I Agree