Analyst makes shocking prediction on Bitcoin's next 'god candle' [Yahoo! Finance]
Coinbase Global, Inc. - 3Class A (COIN)
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Source: Yahoo! Finance
This candlestick indicates an intense surge in the cryptocurrency's price over a brief period, usually within a day or a few hours. The last time Bitcoin (BTC) saw a "god candle" was on Jan. 2, 2021, when "King Crypto" surged roughly 15% in a day, climbing from around $29,000 to over $33,000. Now, an analyst is predicting the timeline for the next "god candle" event. But there is a key test the oldest cryptocurrency in the world needs to pass. Related: Trump's crypto burger stunt draws increased attention to bitcoin Peter Schiff takes another dig at Bitcoin Gold bug and longtime Bitcoin skeptic Peter Schiff took another shot at Bitcoin on April 5. Over the past five years, he noted, Bitcoin has been up just 12%. He compared it to the NASDAQ, which rose 57.4%, the S&P 500, which increased by 59.4% rise, gold's 163%, and silver's staggering 181% gain over the same period. "If the appeal of Bitcoin is its superior long-term performance, why should anyone keep HODLing it?"
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