Bitcoin Price Prediction – Can $BTC Fall to $10,000? Find Out Here
On Tuesday, the BTC/USD pair fell to a support area of $16,900, and the closing of candles above this level is making Bitcoin price predictions bullish.
Aside from the technical aspects, Bitcoin's Lightning Network is making headlines, has a positive impact on BTC adoption and, ultimately, demand, and has the potential to drive BTC prices higher.
In reaction to Michael Saylor's Lightning Network pool, a Bitcoin advocate on Twitter going by the name of ShireHodl, or simply Shire, sent over 110 micropayments to first-time Bitcoin Lightning users.
Shire urged anyone unfamiliar with Lightning to download a Lightning wallet from App Store or Google Play Store and to email him a QR invoice. Shire used his camera to scan the invoice's QR code, and the Bitcoin Lightning Network processed the payment.
Before going to bed, Shire Tweeted that he would send one thousand sats to as many individuals as he could be bothered with.
Shire stated, "I've sent out roughly 110 payments of 1000 sats," when asked how much money he had given out.
If you are wondering what Sats is, well Sats is an abbreviation for Satoshi, the lowest unit of Bitcoin currency. One bitcoin is equal to one hundred million Satoshis.
The Shire remarked:
"It's not much, maybe $20 in total, but the total fee is less than a penny. Using a credit card or debit card, the fees would have been more than the value transferred, so it would have been impossible."
The Bitcoin Lightning Network demonstrates that Bitcoin has the potential to become a global currency someday. Hence, it's keeping BTC supported.
The current Bitcoin price is $17,001, and the 24-hour trading volume is $19 billion. During the last 24 hours, the BTC/USD pair has lost nearly 1.3%, while CoinMarketCap currently
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