On February 9, the American professional baseball team based in Washington, D.C., the Washington Nationals, announced the team has partnered with Terra, the open-source blockchain platform and decentralized autonomous organization (DAO). The Washington Nationals detail that the team is a “leading innovator” and is “consistently introducing new technologies to enhance the fan experience.” Washington Nationals Ink Long-Term Deal With Terra Major League Baseball (MLB) team the Washington Nationals has partnered with the blockchain platform and DAO Terra, according to an announcement published by the team on Wednesday. The deal with Terra follows a slew of sports-related deals with crypto firms, but the MLB team will be the first to partner with an open-source blockchain project. In addition to the partnership, the algorithmic stablecoin UST that’s issued on the Terra blockchain will be “accepted as a payment method at Nationals Park as early as next season.” “The Nationals continue t...
It's all to play for as Bitcoin price action lingers above $40,000, but predictions are already in of a dip even lower.
Bitcoin (BTC) fell below $42,000 on Sept. 28 as the largest cryptocurrency worsened overnight losses.
BTC bulls run out of steam at $44,000
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reaching local lows of $41,670 on Bitstamp.
The fall followed a $1,000 hourly loss late Monday, which firmly halted any bullish hopes from the weekend’s high of $44,400.
The turnaround was broadly expected. As Cointelegraph reported, analysts were already eyeing levels even below $40,000 as potential floors.
On Monday, one trader likewise refused to believe Bitcoin’s strength going into the new week, arguing that levels above $44,000 were simply a liquidity grab before heading lower again.
#bitcoin
— cevo (@cryptocevo) September 26, 2021
Probably flushing out the late shorts before the next leg down. Idea invalidated above 45.2k if it builds a bullish market structure from there. pic.twitter.com/9ofwkkD8lP
With two days left until the monthly close, meanwhile, attention was on $43,000 as the “worst case scenario” for BTC/USD to finish September.
PlanB, the analyst who correctly predicted the $47,000 “worst case” for August, likewise envisages October closing on at least $63,000.
Trader — "Wise to bet" on Q4 rebound
He is not alone, with an increasing number of market participants firmly convinced that Q4 will form a turnaround point in the Bitcoin bull run.
Related: China fear is now infrastructure bill fear — 5 things to watch in Bitcoin this week
Among them was popular trader TechDev, who argues that historical precedent alone demands credence be given to a fresh BTC price surge.
“Investing is a game of probability,” he summarized against a chart showing Bitcoin in 2013 and 2021.
“When history has proven prophetic for the first 3 quarters, I think it’s wise to bet on it for the 4th.”
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