Bitcoin Price Is Currently Sitting in Its Historic Top 2% Range

Bitcoin has only spent 63 days in its history where it closed above current price.This was the factoid posted by crypto-analyst Ceteris Paribus on Aug. 6, along with comparative data for selected altcoins.  Which goes to show that despite unwarranted concerns from those who feel that BTC price should constantly be parabolic, Bitcoin is in rather rude health. Certainly when it comes to dominating alts. 2 months of mayhem vs. a steady climb Bitcoin has existed for 3870 days (3867 at the time of the tweet). So if only 63…

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BTC Will Consolidate in $7,000-$10,000 Range

Michael Novogratz, founder and CEO of cryptocurrency merchant bank Galaxy Digital, has said that he expects bitcoin (BTC) to consolidate in the $7,000-$10,000 range, Bloomberg reports on May 30. Per the report, during a conference call discussing his company’s quarterly earnings, he noted that “on a go-forward basis, bitcoin probably consolidates somewhere between $7,000 and $10,000.” Novogratz also added: “If I’m wrong on that, I think I’m wrong to the upside, that there’s enough excitement and momentum that it could carry through.” Bloomberg reports that Novogratz credits this year’s rally…

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