Mainstream adoption of cryptocurrency will be achieved through meaningful 
association with name brands outside the financial and tech sectors.

As Bitcoin soars, major brands will find crypto more palatable | Opinion

The following is a guest post by Jakub Ondrasek, CEO at Clore AI. Tech 
innovations such as AI, cryptocurrency, quantum computing and VR are 
redefining modern life. Most consumers don&#8217;t know how much high-performance 
computing power is needed to fuel such changes. This computing power is 
driving major breakthroughs, but it also contributes to one […]
The post Fuel for rent: Harnessing idle GPU power can drive a greener tech 
revolution appeared first on CryptoSlate.

Fuel for rent: Harnessing idle GPU power can drive a  greener tech revolution

The price of Bitcoin fell to around $92,000, Friday afternoon, December 20 
after the US Federal Reserve’s rate cut triggered a sharp selloff in the 
crypto market. However, the premier cryptocurrency seems to be recovering 
nicely, having returned above the $97,000 level on the same day. While 
investors would be hoping to see the Bitcoin price reclaim its current all- 
time high of $108,135 again, a prominent crypto analyst has put forward an 
audacious target for the market leader. Below is the rationale behind the new 
bullish target for the Bitcoin price. Can Bitcoin Price Repeat This 86% Rally? 
In a new post on the X platform, NewsBTC head of research Tony “The Bull” 
Severino shared an interesting prognosis for the price of Bitcoin. According 
to the CMT-certified crypto analyst, the flagship cryptocurrency looks primed 
to reach as high as $178,000. Related Reading: Bitcoin Price Still Mirroring 
Bullish Move From 2023, What To Expect After Hitting $108,000 ATH This bullish 
projection is based on the Bitcoin price movement in relation to the Bollinger 
Bands. The Bollinger Bands is an indicator that features three lines; a simple 
moving average (the middle band) and an upper and lower band. This technical 
analysis tool helps to assess the volatility of financial markets. According 
to Severino, the price of BTC on the daily timeframe has retested the monthly 
upper Bollinger Band. From a historical perspective, this action has marked 
the start of significant price rallies in the past. Most recently, a similar 
retest occurred in late January 2024 and was followed by an 86% price rally to 
the former all-time high of $73,737. Severino noted that if history repeats 
itself the Bitcoin price could also see an identical 86% rally from its 
current price point to reach a new record high of $178,000. As of this 
writing, the price of Bitcoin stands at around $97,265, reflecting a 0.8% 
increase in the past 24 hours. Nevertheless, the premier cryptocurrency is 
still in a 4% decline on the weekly timeframe. Here&#8217;s What Needs To Happen 
First Indeed, the $178,000 target might not be all that outrageous for the 
Bitcoin price, especially given its performance in recent months. However, the 
latest on-chain data shows that the market leader needs to overcome a major 
resistance around $97,500 and $99,800. Related Reading: US Strategic Bitcoin 
Reserve Could Push Price To $500,000: Expert According to crypto pundit Ali 
Martinez on X, over 924,000 addresses bought over 1.19 million BTC within the 
aforementioned price bracket. This becomes a resistance as buyers within the 
price range might look to sell their assets to break even after being in loss; 
this puts downward pressure on prices. Martinez, however, noted that if the 
price of BTC manages to successfully breach this level, investors might see 
the premier cryptocurrency return to its all-time high price and perhaps forge 
a new one. Featured image created by DALL-E, chart from TradingView

Bitcoin Price Could Rally To $178,000 If History Repeats — Here’s Why

Community members went on social media to report a Trust Wallet glitch that 
caused their crypto balances to disappear.

Trust Wallet fixes disappearing balance glitch

Spacecoin XYZ has taken its first step in launching its extra-terrestrial 
decentralized physical infrastructure network.

Cryptocurrency price in USD