OKX Hit by Crypto Theft Due to SMS Notification Security Fail

Nvidia Rally Spurs Bitcoin to $100K Odds Surge

Nvidia Rally Spurs Bitcoin to $100K Odds Surge

As the third-largest firm listed on a U.S. stock exchange, Nvidia overtook Apple as the third company to reach the $3 trillion milestone. As the price of Nvidia (NVDA) shares reached a new all-time high of 1,224.50, bullish signals were sent out for technology stocks, A.I. cryptocurrencies, and Bitcoin. Is a $100,000 Bitcoin rally more likely after Nvidia’s massive jump?

Analyst: The $100K Bitcoin Move Was Strengthened by Nvidia’s Rally

According to 10XResearch CEO Markus Thielen, there is a good chance that the price of Bitcoin will reach $100,000, given the recent sharp increase in Nvidia shares. He provided more evidence to support his prior forecast that the bitcoin price will reach a record high by the end of next week

Related articles

Due to its widespread adoption, Nvidia and BTC prices have moved nearly in tandem since a surge in the correlation between Bitcoin and U.S. markets. According to Markus Thielen, a breach above $70,568 has put Bitcoin on course to reach $100K.

NVDA price rose 1.05% in the pre-market on Thursday, closing at 1,237.21. It shot up more than 32% in a month and 154% in the past year. From the previous NVDA price goal of $1,320, Bank of America analysts increased their price target for Nvidia stock to $1,500.

This change reflects the increasing interest from investors in businesses leading the artificial intelligence (A.I.) revolution.

Numerous Factors Verify BTC Price Rally

The bitcoin price is presently trading sideways at $70,915. $70,390 is the 24-hour low, and $71,735 is the 24-hour high. Additionally, there has been a 27% drop in trading volume over the past day, which suggests that traders are becoming less interested.

The Bitcoin Volatility Index (SMA-30d) and Adjusted MVRV (30DMA/365DMA) metrics indicate a reduction in price swings. The NVT golden cross suggests a local bottom, and CryptoQuant data shows institutional investors have switched towards reaccumulation over the last two weeks.

Analyst Willy Woo forecasts that if Bitcoin’s price reaches $72,000 and begins to rise towards $75,000, there will be a $1.5 billion short liquidation.

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

Sign Up for Our Newsletter!

Hidden

Next Steps: Sync an Email Add-On

To get the most out of your form, we suggest that you sync this form with an email add-on. To learn more about your email add-on options, visit the following page (https://www.gravityforms.com/the-8-best-email-plugins-for-wordpress-in-2020/). Important: Delete this tip before you publish the form.
(Required)

Related Posts

Premium Partners

Premium Casino Partners

Top Casinos

Trust Dice

mBit

Inmerion

Marsbet

Press Releases

Related Posts