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    PEAK ASSET: MORNING WRAP 27 JANUARY: | ASX to fall, Wall St Struggles for direction | These billionaires believe green hydrogen will provide a carbon-free future for iron ore mining |

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    PEAK ASSET: MORNING WRAP 25 JANUARY: | ASX to rise | Palladium supply is drying up. These Aussie stocks could open the floodgates |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: AFTERNOON WRAP 22 JANUARY: | ASX up 1.3pc in huge week for Zip, Lynas | iCandy looks to double up in Chinese gaming market with Rocky Rampage launch |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: MORNING WRAP 22 JANUARY: | ASX to fall, Apple lifts Wall Street | The tests ASX healthcare companies have upcoming in 2021 |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: AFTERNOON WRAP 21 JANUARY: | ASX gains 0.8pc | Greenhouse study shows AVZ Minerals could achieve lowest carbon footprint at Manono lithium-tin project |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

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    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: AFTERNOON WRAP 20 JANUARY: | ASX hits 11 month high | China shares rise on c.bank’s liquidity boost; EV, healthcare stocks shine |

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    PEAK ASSET: MORNING WRAP 27 JANUARY: | ASX to fall, Wall St Struggles for direction | These billionaires believe green hydrogen will provide a carbon-free future for iron ore mining |

    The Cotton Row Journal, week of 18-22 Jan

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    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: MORNING WRAP 25 JANUARY: | ASX to rise | Palladium supply is drying up. These Aussie stocks could open the floodgates |

    The Cotton Row Journal, week of 18-22 Jan

    Cabrera Capital Daily Game Plan

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    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

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This Trend Suggests Bitcoin Price Could Hit $9,000 This January

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Wednesday, January 1, 2020
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Over the holiday season, Bitcoin (BTC) has stalled in the low-$7,000s, finding itself stuck between a rock and a hard place. Although some say that this is indicative of an impending return to the $6,000s, then the $5,000s, a growing sentiment suggests the leading cryptocurrency could trade in the $8,000s and $9,000s in the coming 30 days.
Related Reading: Why Bitcoin Network’s Record 2019 Is Bullish For the Crypto Market
Bitcoin to Top $9,000 By End of January?
Without fail, the first week of every January over the past three years has seen the price of Bitcoin explode higher, as noted by trader SalsaTekila. in 2017, BTC gained 21.9% during the first seven days of the year; in 2018, it was 24.3%; and last year, it was 11.8%.
The same pattern playing out for Bitcoin yet again could mean that the asset will surge towards the $8,000s and $9,000s.
While this positive directionality for January may seem to be a simple coincidence, it is known there are be end-of-year sell-offs in financial markets due to tax write-offs (search up “The January Effect”), not to mention that cryptocurrency exchange SFOX found that Bitcoin’s directionality is generally positive in and around holidays.

2017: 21.9% scam punp first week of the year.
2018: 24.3% scam punp first week of the year.
2019: 11.8% scam punp first week of the year.
2020: GIB 8200$ $BTC ? pic.twitter.com/9DLbpkV5t2
— SalsaTekila (JUL) (@SalsaTekila) December 30, 2019

It isn’t only a historical trend that suggests Bitcoin is going to have a positive January.
Related Reading: China Continues Anti-Crypto Stance With Beijing Warning; Will it Work?
Other Analysts Give Credence to Bull Thesis
Su Zhu, the chief executive officer of forex and crypto fund Three Arrows Capital, recently remarked on Twitter that he believes Bitcoin’s price outlooking heading into 2020 is looking rather bullish.
The prominent industry commentator, who has penned some stellar articles about the Bitcoin space for his blog, noted that per his analysis of the BTC/USDT trading pairs and their premiums to BTC/USD markets and the overall price action with Bitcoin, there are “clear signs of accumulation and money flow back into risk.”
He thus concluded that he wouldn’t be surprised to see the leading cryptocurrency surpass $9,000 — 25% higher than current prices — before the end of January.
Related Reading: Early Bitcoin Adopter Throws Cold Water On Halving Narrative; Here’s Why
But wait, there’s more.
Per previous reports from this outlet, Full-time trader Cold Blooded Shiller recently posted the below analysis of Bitcoin’s Renko candle chart, which shows the price action over the past three years.
While there is little on the chart, the trader drew attention to two previous bouts of price action in BTC’s history, during which the price rallied by 32% and 40%, respectively, after a bullish divergence was formed between his indicator and the price.
The same divergence is forming yet again, implying that BTC could soon rally by up to 40%, which would mean the price of the asset would take $10,000.
Featured Image from Shutterstock The post appeared first on NewsBTC.

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