Am Dienstag verkündigte Bakkt, die Handelsplattform für Bitcoin-Futures der Intercontinental Exchange (ICE), dass sie die Einführung der geplanten Krypto-Terminkontrakte offenbar nicht wie geplant am 12. Dezember starten, sondern stattdessen bis zum 24. Januar 2019 hinauszuögern wird.
That’s usually the “intrinsic” or “fair” value. What that would be depends on the econometric model applied to estimate the digital currency’s “intrinsic” value.
On the one side is Wheatley’s Model, which estimates the intrinsic value of Bitcoin by looking at the demand side of the price equation. It places Bitcoin’s value well below its current price, at $1,242.64.
On the other side is Hayes Model, which estimates Bitcoin’s intrinsic value by looking at the supply side of the price equation. It places Bitcoin’s value at $10,179.25.
Then there’s the Market Model, which looks at both the demand and supply side of the price equation. It places Bitcoin’s value very close to Hayes Model estimate, at $10,845.77.
segwit2x
: Ethereum's pain is deep, hard fork coming?
What could trigger a move towards those levels is probably a hard fork coming in the Ethereum, named as Ethereum 1x, a potential tech upgrade to boost the capabilities of the platform aggressively. Although the hard fork is still some time away, in June 2019.
A breakout of the resistance might attract buying by the aggressive bulls and short covering by the bears. Hence, we have retained the buy recommendation provided in our previous analysis. The key levels to watch on the upside are $4,712.89 and $5,050.40.
If the BTC/USD pair fails to find buyers at higher levels and turns down to break the support of $3,620.26, the downtrend will resume, pushing price to the major support of $3,000.