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PayPal's impact: what does the future hold for BTC?
Bitcoin has grown more than 100% since the beginning of 2021 (at the time of writing). Recently the price hit a new high of over $60,000. The question is, what does the future hold for BTC?
 Bitcoin has a market cap of $1,103,674,128,271, and the circulating supply is currently at 18,670,806 BTC out of the maximum supply of 21 million. $64,470,007,038 worth of BTC has been traded in the last 24 hours (as of April 1st, 2021). The latest driver that pushed BTC price up was news from PayPal, which announced their new service PayPal’s Checkout. It will allow bitcoin (BTC), ether (ETH), bitcoin cash (BCH) and Litecoin (LTC) to be seamlessly converted into US dollars or other fiat currencies when making purchases, similar to how a credit or debit card would work inside a PayPal wallet. In October 2020, PayPal added the ability to buy, hold and sell cryptocurrency, so crypto-assets became a payment method for the 29 million or so online merchants connected to the fintech giant. Since introducing the crypto service, PayPal has increased weekly purchase limits two times, first from $10,000 to $15,000 and then to $20,000. Checkout service by PayPal is the next chapter in driving the mainstream adoption of cryptocurrencies, promoting its ubiquity and mass acceptance and enabling making purchases with it at businesses around the world. This news has had a positive impact on BTC price, as far as providing an opportunity for society to use crypto easily and more actively.
 BTC/USD price is still primed for an upward move. However, since reaching its last all-time high (US$61788 on 13 March 2021), it has retraced below US$51,000, which was one of the strong resistance levels on its way up. This means that the price could again linger under this level as significant resistance. The following are major support and resistance levels that traders should keep in mind: Resistance Level (R2): 61485; Resistance Level (R1): 59412; Support Level (S1): 56478; Support Level (S2): 54095; Support Level (S3): 50988. There is increasing positivity around cryptocurrency and Bitcoin. Visa announced this week that it is testing out payment functionality using USDC stablecoin, a cryptocurrency held at parity with USD, on the Ethereum blockchain, via crypto-backed Visa cards. Massive institutional adoption by companies like PayPal, Visa, MicroStrategy, Tesla, Square, and many other projects is a fact in favor of the price going much higher than it is now. However, this is not investment advice, and you should make decisions solely based on your study of the market and how much risk you are willing to take. Olga Prokhorova, VRM trade
COINBASE:BTCUSD
by VRMtrade
$VRM VROOM VROOM BULLISH REVERSAL restart those engines!#CAR #CVNA Possible breakout triangle with bullish divergences forming, 4hrs momentum squeeze release that can lead to multi weeks bull run. See chart. Used car online retailers sales have greatly increased during the 2020. This may run up until earnings scheduled for 12th November. They also rolled their international platform for other countries. PT1:53.7$ PT2:56.7$ PT3:61.0$ Stop loss if it breaks downwards triangle.
NASDAQ:VRMLong
by Ankel-ssj
[VRMBTC](1400% PP) Verium LONG Chart Analysis @alanmastersVerium (VRM) Overview Verium (Ticker: VRM) was created to be an innovative, independent store of value asset, in addition to supporting the VeriCoin blockchain. Verium solves the blockchain scaling issue by introducing a new variable block-time paradigm that speeds up as mining power increases. This allows Verium to automatically scale, enhance transaction speed and capacity, while ensuring security at any level of mining. Through Verium’s auxiliary mining protocol (AuxPOW), Verium will also process VeriCoin blocks. This process will speed up VeriCoin’s block-time to 30 seconds or faster. This enables VeriCoin’s network to provide an efficient and scalable ecosystem for consumer transactions well beyond current standards. Proof of Stake-Time (PoST) is a novel approach to forming a consensus by introducing a stake-time component, where the probability to stake increases over time. This better incentives staking and enhances the security of the network. It also enhances the decentralization of the consensus. Verium (VRMBTC) Chart Analysis Let’s start by looking at Verium’s daily chart, for learning and entertainment purposes: Here you can see that VRMBTC is now trading above MA200, which is the black line. This hasn’t happened mid-February 2018, so this is a significant resistance that is being broken. The break comes with high / above-average volume. The RSI is on the bullish side. The MACD is showing hidden bullish divergence. This altcoin can move short term and has huge long term potential. Let’s look at the weekly chart and focus on longer-term targets and signals. Weekly chart: Here we can see that Verium (VRMBTC) is now trading above EMA10, weekly candle needs to close for this signal to be confirmed. VRM hasn’t traded above EMA10 since the last cryptocurrency market bull run, trading above is a bullish signal. The yellow square on the chart is the demand zone. This same zone has been providing liquidity since 2016, this is very likely to be the bottom. You can accumulate over time and hold long term, or buy for short term profits or a mix of both. Verium (VRMBTC) Trade Targets (1) 0.00011300 -Reached 10-March (+21%) (2) 0.00012800 -Reached 2-April (+37%) (3) 0.00013900 -Reached 2-April (+48%) (4) 0.00016000 -Reached 2-April (+71%) Longer term (1) 0.0002380 (2) 0.0003310 (3) 0.0004800 Stop loss: Close weekly below 0.00007000 Capital allocation: <3% DEEP WITHIN Endless space of a substance unknown. Hard to define from its surroundings, full of mysteries, secrets, and life. Deeper than imagination, but with a measurable reach. It can go deep, deep, deep… It is all relative. We can be talking about your Soul, your Emotions, the Universe or even the Sea. Even love is full of mysteries and secrets… and also lives DEEP WITHIN. Namaste.
VLong
by AlanSantana
4
Verium VS Bitcoin Ready For a Jump?Verim price started to rise on the 11th of December and went up from 13k up to 135k satoshi, resulting in a 958% growth in less than a month. The interesting thing is that VRM/BTC failed to test the 76.4%, but it broke above the 61.8% Fibonacci retracement level. Price continues to bounce off the 200 Moving Average and the 4/1 Gann Fan trendline, suggesting that the uptrend is likely to continue. First strong resistance is at 76.4% Fibs, that hasn't been yet tested. While the consolidation period might take some time, the uptrend remains valid and Verium is expected to produce a double top and if resistance is broke could go much higher. Only break and close below 23.6% Fibonacci support at 51k satoshi could invalidate bullish outlook.
VLong
by CryptoPAMM
2