Le sommet local de Bitcoin cloué? Les analystes évaluent les possibilités de correction

Bitcoin est actuellement en train de se rafraîchir après un passage massif à 18 450 dollars le 18 novembre et les marchés haussiers ont traditionnellement été entrecoupés de corrections importantes. Pourrait-on se former maintenant?

Depuis son passage épique à un sommet de près de trois ans hier, Bitcoin a reculé d’environ 4% aux prix actuels qui se situent dans la zone de 17600 $. Il semble que cela se consolide ici, donc une autre étape pourrait être imminente.

D’un autre côté, une correction de taille raisonnable ne serait pas hors de question puisque les marchés haussiers précédents ont connu plusieurs reculs de 30% plus.

Scénarios de correction Bitcoin

L’analyste et gourou de la cartographie Peter Brandt s’est penché sur les possibilités d’un important recul du Bitcoin, qui a réalisé un énorme 30% depuis début novembre et atteint sa capitalisation boursière la plus élevée jamais enregistrée .

Il a déclaré qu’il y avait eu neuf corrections importantes au cours du dernier marché haussier de 2015 à 2017, la moyenne étant une baisse de 37%.

Au cours du marché haussier 2015-2017 de Bitcoin $ BTC , il y a eu 9 corrections significatives avec les moyennes suivantes:

Le dernier du cycle actuel a eu lieu au début de septembre, lorsque la BTC est passée d’un peu moins de 12000 USD à un peu plus de 10000 USD en quatre jours. La correction d’environ 15% était inférieure à la moitié de la moyenne attendue des cycles précédents, alors que pouvons-nous attendre d’un plus grand?

Un recul de 37% par rapport aux niveaux actuels ramènera les prix du BTC à environ 11200 $, mais c’est toujours 55% plus élevé que Bitcoin au début de cette année.

Il y a aussi la prémisse que les retraits ne seront pas aussi violents pendant ce cycle de marché en raison du fait que les fonds institutionnels tels que Grayscale se sont chargés de l’actif, ce qui réduit généralement la volatilité.

L’analyste et inventeur du modèle stock-à-flux «PlanB» a déclaré que cette fois-ci sera très différent parce que

«La grande différence avec 2017 est que la plupart des BTC vendus aujourd’hui ne verront plus jamais la lumière du jour, ils disparaissent dans une chambre froide profonde. Les acheteurs d’aujourd’hui sont des professionnels avec une vision à long terme et une bonne tenue. »

Alors que les difficultés économiques s’aggravent et que les banques centrales dégradent les monnaies fiduciaires, la tendance à conserver un actif déflationniste est forte, en particulier pour les institutions ayant des objectifs à long terme et les investisseurs professionnels qui continuent de se charger .

Où aller à court terme?

Bitcoin a chuté à la moyenne mobile de 50 heures trois fois au cours des deux derniers jours, mais il se consolide au-dessus pour le moment.

Un recul plus important pourrait le ramener à un support autour du niveau de 16 700 $ à court terme, et une correction importante à 14 000 $ là où se situe la moyenne mobile à 50 jours. À la hausse, il y a une très forte résistance jusqu’au sommet historique de 20 000 $.

Airbnb may soon accept cryptocurrencies and tokenize its services

Airbnb may soon add support for cryptocurrencies and tokenize some of its services. The peer-to-peer rental giant made reference to cryptocurrencies and blockchain in its prospectus for its proposed initial public offering (IPO) sent to the SEC.

Airbnb realizes the potential of cryptocurrencies

The company recently filed a proposed IPO with the US regulator, the Securities and Exchange Commission (SEC). In the document, Airbnb very frequently returns to the Covid-19 pandemic, which has greatly affected its operations.

Bitcoin Rush is aware of this, if the company does not manage to adapt to technological changes and to the evolution of the demands of its users, its future remains uncertain in the face of the competition.

It is to stay up to date that the housing rental platform is considering the acceptance of cryptocurrencies and the tokenization of its services :

„Our future success will depend … on our ability to adapt to emerging technologies such as tokenization, cryptocurrency, new authentication technologies, such as biometrics, distributed ledger and blockchain technologies [ …], ”says Airbnb.

Although these comments appear in the “Risk factors” section of the document, Airbnb states its intention to continue to spend significant resources to maintain, develop and improve the technologies and its platform.

Nonetheless, Airbnb adds that ongoing research into these potential additions is likely to be more costly than expected, and may not be successful .

That said, the fact that Airbnb mentions cryptocurrencies and blockchain is not trivial. In 2016, the company said it was not considering accepting Bitcoin (BTC) as a payment method .

The changing tourism industry

Airbnb feels threatened by new emerging platforms, which already integrate cryptocurrencies and various technologies improving the user experience. Impossible not to mention Travala.com , the crypto-friendly hotel and flight booking platform .

Recently launched, Travala.com has managed to forge major partnerships with groups such as Booking, Expedia and Agoda . In addition, and despite the general decline in tourist flows across the world in 2020, Travala has succeeded in attracting tens of thousands of customers.

By accepting cryptocurrency, Travala.com and many other platforms such as Ulysses travel agency attract new customers and offer them a better experience.

Even if Airbnb remains the juggernaut in its sector – and this for a long time to come – the company must renew its offer to maintain its leadership position in the long term.

Airbnb could therefore very soon accept cryptocurrencies . Knowing that the company already accepts PayPal, adding cryptocurrency support is now very easy via this trusted intermediary .

Bitcoin is still in an upward trend

The price of Bitcoin continues to rise. Today, the cryptcoin market has dawned green. BTC is above USD 16,500.

The main crypt currency on the market, Bitcoin, continues its upward trend. Bitcoin, managed to break through the USD 16,500 barrier. The currency is currently trading at USD 16,800 according to our online crypto tool. It’s currently trading at USD 16,800 according to our online crypto tool, which has registered a 5.53% increase in the last 24 hours.

As Bitcoin continues its upward trend, the major currencies in the ecosystem are also showing gains from yesterday.

Especially noteworthy are cases such as : Ripple (XRP), Binance Coin (BNB), Polkadot (DOT), Bitcoin SV (BSV), EOS, Monero (XMR), TRON (TRX) and NEM (XEM) with gains over 2%. A striking case has been that of Litecoin (LTC) which registered gains of 16%.
Peter Schiff assures us that although the price of BTC has increased, it is still not a good financial refuge

Peter Schiff, again spoke out against BTC. He said that the recent increase seen in its price is not evidence that it is the best asset of value today.

This was highlighted by Schiff in a message posted on his official Twitter account:

The recent rise of Bitcoin relative to #gold in no way proves that #Bitcoin is a superior store of value. Exuberant investors are flocking to risk assets and shunning safe-havens world-wide. As the riskiest asset of them all, Bitcoin is being bought as part of the risk on-trade.
– Peter Schiff (@PeterSchiff) November 16, 2020

„The recent increase of Bitcoin relative to Gold doesn’t prove in any way that Bitcoin is a superior reserve. Larger investors are flocking to risky assets and avoiding those that serve as safe havens around the world. As the riskiest asset of all, Bitcoin is bought as part of the risk market.

It’s not surprising that Schiff is once again speaking out against BTC. In the midst of a moment where the digital currency is recording its best performance in the last two years.

This time, however, he indirectly recognizes the interest shown by many investors. Although he assures that this trend is part of what has been seen in the risk market and not in the safe-haven assets.
Citibank executive says Bitcoin could cost USD 318,000 by December 2021

Several specialized media highlighted today the predictions of a senior executive of the banking giant Citibank. He assured in a report that BTC could reach USD 300,000 by December 2021.

As we well know, Bitcoin’s entire existence has been characterized by large price swings, „exactly the kind of things that maintain a long-term trend,“ said Thomas Fitzpatrick, managing director of Citibank.

In a report, aimed exclusively at the bank’s institutional clients. Where it makes similarities between the gold market of the 1970s and Bitcoin today.

The report was first leaked to the crypto-currency community by Twitter user ClassicMacro in a tweet on Saturday. He noted that Fitzpatrick is „a big fan of moon targets. In other words, it was not a report for the general public and neither is its projection seen as a probability.

Citibank bitcoin technical analysis.

Target: Moon. pic.twitter.com/prB1YjVNhX
– Alex (@classicmacro) November 13, 2020

Fitzpatrick pointed out the weekly Bitcoin graph and used the technical analysis (TA) of previous highs and lows. To determine a projection of the price of the crypt currency of USD 318,000 for December 2021.
Quick notes:

U.S. Securities and Exchange Commission (SEC) Chairman Jay Clayton will step down at the end of this year. Announced in a press release on Monday, Clayton led the U.S. regulator for years. And, he went through what the SEC called a „period of historic productivity and unprecedented challenges.
The Binance crypto currency exchange is discontinuing its own BGBP crypto currency, a stable currency linked to the value of the British pound.

Belarus Bank will offer BTC purchases, with Litecoin and Ether soon to follow. Belarus officially legalized cryptographic transactions in 2018. Bitcoin has become a key tool for distributing aid to Belarusians. They lost their jobs during the protests against President Alexander Lukashenko that have rocked the country since mid-August.