HomeTrendwatching Want to join InvestingHaven’s research team?Interested in analyzing markets, charts, stocks?Contact us >> An Ethereum Price Forecast Of $1000 Investing Haven Newsletter ">As three main Bitcoin exchanges in China lock the withdrawal of the currency on their platforms, a strategist with the macroeconomic research firm Lamoureux & Co.is sure that Bitcoin will reach a target of $25,000 or more.Though the news of the Chinese exchange's actions have caused the Bitcoin price to drop by almost 10 percent, it is gradually gaining strength again.Yves Lamoureux states in a piece that most key ingredients found in past bubbles are now present for cryptocurrencies like Bitcoin to appeal to hard asset investors — or a rare chance to get in on a venture capital style bet.This projection by the chief behavioral strategist is somewhat in line with that shared by the CEO of Netcoins, Michael Vogel, who says there have been predictions about Bitcoin becoming a government world reserve currency by 2020.

If and when that happens, it is expected to skyrocket the Bitcoin price, though it isn’t clear how high it would go by then.Similarly, multi-bln dollar investor Tim Draper, who believes that many investors now prefer to fund Bitcoin startups as a safer long-term option, is of the view that these new startups will increase in value in relation to the digital currency.realtime bitcoin trackerAs a result, Draper stuck to the prediction he had made about three years ago about the increasing Bitcoin value that it would have reached $10,000 by now.jewelry bitcoin faucetHe still expects it in a year, though.bitcoin price rise graphLamoureux noted in a previous article that a central bank-fueled hyperinflation is set to take place in several years with cryptocurrencies as one of the newest benefactors of the hyperinflationary wave.aplikasi bitcoin di android

In this latest piece, however, he likened the projected rise of Bitcoin price to the pattern gold followed when it traded at $300 and employed primarily to avoid the dilution of fiat money to make investors care about keeping their purchasing power.top 10 litecoin faucetsHe notes that nothing has changed in how people trade since 100 years ago as long as they get the same set of incentives.ethereum mining tutorialHe also touched on the need to convince the majority.litecoin pool top“Whether tulips, housing or tech stocks, bubbles require public participation.ethereum target priceAnd as Blockchain becomes more ubiquitous, it lends credibility to the technology behind Bitcoin.ethereum ryzen

We feel that digital currencies, such as Bitcoin, have now entered a similar cycle.”New All-Time Highs In Ethereum Wednesday, May 31, 2017 The price of Ethereum touched $235 intraday today.That is an incredible achievement, as 4 days ago Ethereum briefly dipped at $115.An increase of 100 percent in one week is quite unimaginable.It indicates how volatile cryptocurrencies are, but, above all, it shows strength in Ethereum as it is the outperformer among cryptocurrencies currently.This Ethereum price site shows the real time price, as well as the intraday high and low.Note how this 10 percent intraday change is no exception at all, but rather the norm.Cryptocurrencies are not for the faint ot heart type of investors.Ether is the best performing cryptocurrency at the time being, and that is no coincidence as it attracts lots of interest from around the world, both from retail and also investment professionals.In just one month the price of Ethereum is up a staggering 190 percent.

That is amazing, and no other cryptocurrency has been able to recover that fast from last week's flash crash.Recent fundamental news points out that Chinese people are massively buying Ethereum.The Royal Chinese Mint is experimenting with a digital RMB on the Ethereum blockchain, Chinese internet corporation are utilizing Ethereum for aggregated payments services, Alibaba's $60 billion financial arm is experimenting with Ethererum to improve their global payment platforms.Moreover, here in the West, the first Ethereum Trust is becoming a real success, with a fourfold price increase in just one month.Retail public is also massively buying Ethereum as evidenced by the strong buying pressure once Ethereum corrected to $120 last week.Ethereum price forecast for 2017 Ethereum forecast for 2020 is $1000 , a research service focused on unlocking opportunities across markets.With +15 years of experience in markets, he has developed a methodology based on 7 indicators: chart patterns, intermarket analysis, market internals, sentiment, monetary policy and inflation/deflation indicators.

In the past, he was the head of research at Secular Investor, an online research service focused on secular trends in commodities and precious metals., an international blog covering the monetary side of precious metals as well as the investing and trading aspects, which he sold in 2015.As Bitcoin breaks its own all-time high ( ATH ) on multiple exchanges, it appears as though a rising tide raises all boats.Most important, GDAX/Coinbase, a crucial on/off ramp for digital currencies, has taken the lead in ETH/USD volume and is reporting higher ETH/USD than BTC/USD volume over the past 24 hours.This is anecdotal evidence for a key metric of "new money" coming into the space.Although the $4-5 premium remains on Bitfinex due to USD withdrawal halt, GDAX now leads in volume and holds a small premium above a few of the other exchanges as well.Poloniex and ETH/BTC volume continue to lead globally (not shown).Ethereum hash rate also continues to push ATHs almost daily, showing strong confidence in miner support.

For weeks now, I've been watching the slow formation of the head and shoulders bearish reversal chart pattern.The pattern convincingly formed with the appropriate and important descending volume profile.The trick with trading these patterns is to not jump the gun.The short entry signal is always a break of the horizontal support on volume.Instead, price held above the 200 EMA and refused a bearish 50/200 EMA cross as well.When reversal patterns form and do not play out as expected, that is generally considered to be a strong continuation sign.It's also possible that this was simply a bullish continuation pennant all along, with a measured move target of ~$115 (0.088).Going forward, we should watch for price to test previous local highs and push for the 1.618 Fibonacci extension, yielding a target of ~$115 (0.0873).There is also a high probability that a higher high in price will not yield a higher high on the Relative Strength Index (RSI), a momentum oscillator.Although this result is days or a few weeks away at this point, watching out for this now will prevent you from entering a trade based on emotions.

Sure, price can go parabolic at any time and break the rules of divergences, but should a divergence form, it suggests continuation is far less likely than reversal.We will also want to be watching volume.If volume does not break previous local highs, it adds to the bearish divergence confluence, all of which would suggest bullish momentum is waning.Summary As Bitcoin breaks ATHs, it's likely that any digital currency on associated on-ramps increases as well, simply by association.Bitfinex ETH/USD premium continues and should continue until USD withdrawals resume, if ever.Although chart patterns and indicators were leaning bullish, price did not break down and is now projecting a target of ~$115.Watch for the new Ethereum ATH to occur and create a bearish divergence with a swift pullback in price.Trading and investing in digital assets like bitcoin is highly speculative and comes with many risks.This analysis is for informational purposes and should not be considered investment advice.Statements and financial information on Bitcoin Magazine  and BTCMedia  related sites do not necessarily reflect the opinion of BTCMedia  and should not be construed as an endorsement or recommendation to buy, sell or hold.