Bitcoin Explodes And Breaks $50k – The Latest BTC Price Predictions

Bitcoin’s price exploded and managed to break past $50k. At the moment of writing this article, BTC is trading in the green, and the king coin is priced at $50,139.66.

Crypto Twitter is going crazy with excitement, and everyone is celebrating the fact that BTC was able to smash through this important price level again.

Analyst Dave the Wave posted the following tweet.

Dave also noted the following: ‘In this sense, TA and modeling serves as a mitigation of egoism due to the recognition of the fallible nature of forecasting – when activities are in principle third or quarter-expected to be wrong, where is the sting in being wrong?’

Bitcoin adoption explodes

Bitcoin is being recognized as more and more entities around the world, and this drives a massive BTC adoption.

It’s been just reported that Neuberger Berman’s $164 million commodities fund can invest up to 5% of its assets in BTC futures and funds, the asset manager said Friday.

“Effective immediately,” Neuberger Berman Commodity Strategy Fund may invest in BTC futures and Canada’s bitcoin exchange-traded funds (ETF), the regulatory filing said as reported by the online publication CoinDesk.

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I am a technical writer, author and blogger since 2005. An industry watcher that stays on top of the latest features, extremely passionate about finance news and everything related to crypto.