Bitcoin News and Price Predictions Today’s NCAA
Bitcoin News
* Coinbase acquires blockchain analytics firm Neutrino: Coinbase has acquired Neutrino, a blockchain analytics firm specializing in fraud detection and compliance. This acquisition aims to enhance Coinbase’s security and regulatory compliance capabilities.
* Bitcoin Lightning Network sees significant growth: The Lightning Network, a layer-2 scaling solution for Bitcoin, has surpassed 50,000 nodes and 70,000 channels, indicating increased adoption and capacity.
* El Salvador’s Bitcoin bond faces delays: El Salvador’s government has postponed the launch of its $1 billion Bitcoin-backed bond due to market volatility. The bond was initially planned for March 2023.
Price Predictions
Short-Term:
* TradingView: The 14-day Relative Strength Index (RSI) is hovering around 30, indicating that Bitcoin is oversold. A potential short-term bounce back to resistance at $24,000 is expected.
* CryptoPotato: Bitcoin is expected to continue consolidating between $21,500 and $24,000, with a breakout likely if the $24,000 resistance is breached.
Medium-Term:
* CoinDesk: Bitcoin’s price is likely to fluctuate within a range of $20,000 to $26,000 until the next major trend emerges.
* NewsBTC: A bullish scenario sees Bitcoin rising to $28,000 by the end of March, while a bearish scenario predicts a drop to $17,000.
Long-Term:
* LongForecast: Bitcoin is predicted to reach $50,000 by the end of 2023 and $100,000 by 2025.
* WalletInvestor: Bitcoin is expected to trade between $35,000 and $45,000 by the end of 2024.
NCAA News
* March Madness tournament underway: The 2023 NCAA men’s basketball tournament is underway, with 68 teams competing for the national championship.
* Purdue and Houston remain favorites: Purdue and Houston are considered the top contenders for the title, followed by Kansas and Alabama.
* Cinderella teams emerging: Smaller schools like Saint Peter’s and Oral Roberts have pulled off early upset victories, creating excitement for the tournament.
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