Bitcoin enters completely „new territory“ – macro prospects are becoming increasingly bullish

Bitcoin has held steady above $16,000 in the last few hours and even gained some momentum above that level as buyers maintain full control.
This price action has undoubtedly been bullish for the crypto currency, with a daily close above this level confirming that this recent rise is more than just a volatile pump.
Now that buyers have turned this into support, it may be time for BTC to see further gains in the near future.
One analyst believes that Bitcoin is now entering „uncharted territory“, which he describes as „unexplored territory“.
He notes that this type of technical strength at such high prices is unprecedented.

Bitcoin has recently shown signs of immense technical and fundamental strength, with the crypto-currency continuing to push higher while the bears struggle to gain any momentum.

The strength of the recent uptrend is unbroken. The bears have made several attempts to reverse the trend in their favour, but each of these setbacks has been followed by a strong upswing.

The fact that buyers buy aggressively on every bear market is a positive sign – and there is a strong likelihood that there will be further momentum in the near future.

One trader explains that this is „new territory“ for the benchmark crypto currency. He comments that there is „still tons of upside potential“ for Bitcoin.

Bitcoin stable above $16,000 – buyers keep control
At the time of writing, Bitcoin is quoted at a price of US$15,900. Here the asset has traded over the last day, with buyers in control of the price behaviour.

As BTC has closed its daily candle above $16,000 and shows no signs that it will fall below this level in the near future, it appears that this is now a support.

As such, the coin could target $17,000 next. Every day BTC is one step closer to reaching its all-time highs.

Analyst sees further upswing for BTC
Regarding Bitcoin’s macro outlook, one analyst believes that the crypto currency is currently in „unexplored territory“.

He expects BTC to move significantly higher in the medium term.

„That’s not even Hopium, BTC on a monthly basis is already in „unexplored territory“ with tons up ahead. If this continues, I may even be able to reunite with the family members with whom I promoted Krypto on December 17th“.

Picture courtesy of Cryptorangutang. Source: BTCUSD on TradingView.
The coming days should shed some light on the macroeconomic significance of this latest push as Bitcoin’s weekly candle closing is only a few hours away.

Balancer Labs scorer investeringer fra Pantera Capital

Balancer Labs scorer investeringer fra Pantera Capital og Alameda Research

  • Store kryptovaluta-investeringsselskaber køber op Balancer-tokens.
  • V2 i protokollen sigter mod at forbedre brugernes oplevelse.
  • BAL-token stiger 10%, men er stadig langt nede fra sin all-time high.

Trust Project er et internationalt konsortium Bitcoin Lifestyle af nyhedsorganisationer, der bygger standarder for gennemsigtighed.

Decentraliseret automatiseret markedsproducent Balancer har låst investeringer fra de institutionelle kryptokurrency venture-virksomheder Pantera Capital og Alameda Research for at udvikle en anden version af protokollen.

Fortsæt med at læse nedenfor

Balancer Labs DeFi-protokollen giver enhver mulighed for at oprette eller tilføje likviditet til tilpassede puljer og optjene handelsgebyrer. Det har lige fået en ny indsprøjtning af midler gennem to enorme investeringsselskaber, der har købt stash af indfødte BAL-tokens fra Balancer Labs treasury.

Meddelelsen tilføjede, at den nye finansiering vil hjælpe med at udvikle Balancer Labs-teamet, når udviklingen af ​​Balancer V2 stiger. V2-iteration vil gennemgå det nuværende system for at introducere forbedringer af transaktionsomkostninger, lette udviklerintegration og udvide brugeroplevelsen.

Reaktion fra Balancer Higher-Ups

CEO for Balancer Labs Fernando Martinelli erklærede, at partnerskabet var tilpasset deres vision om at opbygge programmerbar likviditet til at drive det nye finansielle system.

Joey Krug, Co-CIO for Pantera Capital, tilføjede, at Balancers oprettelse af finansielle primitiver, der ikke tidligere var mulige, er et af de mest spændende aspekter af DeFi;

„Magien ved Balancer er, at dens smarte puljer giver værdi til alle dele af likviditetsøkosystemet – som en selvbalancerende portefølje for aktivsejere, en dyb likviditetskilde for forhandlere og et bootstrapping-værktøj til udstedere.“

I mellemtiden erklærede Alameda Research-chef Sam Bankman-Fried, der er blevet lidt af en superstar i branchen for nylig, at Balancer
er et af de få projekter, der bevæger DeFi-rummet fremad ved at skabe handels- og likviditetsmuligheder, som intet andet projekt tilbyder og tilføjer;

”Rumets fremtid afhænger af dets evne til at skalere og vokse; der er skrevet meget om skalering, men overraskende lidt om produktvækst, hvilket i sidste ende er lige så vigtigt. ”

Antallet af købte poletter og deres købspriser blev ikke oplyst, hvilket udløste det ulige spørgsmål fra dem, der kommenterede meddelelsen.