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A widely followed crypto analyst is predicting an end to the Bitcoin (BTC) bear market with a massive rally. Pseudonymous crypto trader Rekt Capital tells their 330,600 Twitter followers that Bitcoin is likely to surge by more than 176% next year from its current value of $16,600.
Rekt predicts an upside to candle three in 2023 that would send the king asset to as high as $46,000.
“Technically, the most a BTC Candle 3 ever rallied was in 2019. In 2019, BTC rallied to Candle 1 and Candle 2 resistance at $13,900 (black). Therefore technically, the 2023 Candle 3 could rally plus-180% to tag the Candle 1 and 2 resistance at ~$46,000, at most.”
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TimeStamps: (check back later)
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Show Notes / News Resources:
✔ Bitcoin T.A. https://bit.ly/3WycMHe
✔ FTX founder reportedly cashes out $684K: https://bit.ly/3CeRExA
✔ Nic Carter dives into proof-of-reserves: https://bit.ly/3Z3Bqkr
✔ CZ Predicts One Catalyst Will Drive the Next Bull Market: https://bit.ly/3vtpFpU
✔ Dire Altcoin Warning: https://bit.ly/3CbZDvd
✔ 2023 Massive Bitcoin Rally: https://bit.ly/3Ia721Z
🔴 DISCLAIMER: This is NOT financial advice. This is an entertainment and opinion-based show. I am not a financial adviser. I am not responsible for any investment decisions that you choose to make. Always do your own research and never invest what you cannot afford to lose.
#bitcoin #crypto #bitcoinnews #btc
The Future of Cryptocurrency and Facebook’s Zuckerberg Plan
The Metaverse is a virtual environment in which individuals interact and engage with others. It is facilitated through augmented reality headsets and virtual reality systems.
It is the next digital frontier. Despite its nascent stage, experts believe the potential of the Metaverse is just getting started.
Its potential to create trillions of dollars in value as a new content medium and computing platform could change the world. As a result, it’s attracting interest from big tech companies. This includes Facebook, which announced earlier this week that it plans to invest $10 billion into the metaverse this year.
The first project to utilize NFTs was Etheria, a decentralized virtual world. Players could farm tiles to buy blocks and claim their own space.
Today, the metaverse of the future is populated by avatars and non-fungible tokens (NFTs). These tokens are not virtual currency, but instead provide actual ownership rights for a virtual object. They are used in closed clubs and as passes to events.
The future of the Metaverse will require entrepreneurs to create content and services for the metaverse. Entrepreneurs will also need to monetize their services effectively. In addition, they will need a way to store data for billions of users. To accomplish this, crypto-asset protocols are helping to build the infrastructure for the metaverse.
Cryptocurrency is the most obvious choice for the Metaverse’s virtual currency. Unlike traditional currencies, cryptocurrency offers a decentralized, centralized system of payments that is accepted worldwide.
