$100K BITCOIN IN 6 WEEKS, VETERAN TRADER DOUBLES DOWN ON END OF YEAR BTC PREDICTION!!

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‘Bitcoin (BTC) may hit $20,000 any time’

Many have been expecting the Bitcoin price to go through the roof at any moment due to the recent global economic crisis caused by the COVID-19 outbreak in China’s Wuhan.

Lockdowns emerged in the majority of countries in Europe, China and the US, prompting governments to take steps to stimulate the economy via quantitative easing to support businesses and ordinary citizens.

All of that led to an oil price collapse below zero on Monday.

In these conditions, bullish expectations towards the approaching Bitcoin halving have increased.

Trader Carl Eric Martin, also known as the Moon Carl, has tweeted his rising bullish take on the prospects of the Bitcoin price in the current economic chaos that has been spreading around the world.

The situation is unpredictable for any assets now. As an example, he refers to the crude oil futures price suddenly dropping below zero.

The trader believes that with the approaching halving, Bitcoin could easily surge to $20,000 in one week.

Trader and analyst Christopher Jaszczynski seconds his forecast, emphasizing that $20,000 is a realistic price for Bitcoin to reach in the current fundamental setup.

“If i asked you 1 week ago what is most likely: Oil going into negative price in 1 week? Or Bitcoin going to $20,000 in 1 week? Everything is possible in times like these. Be prepared for anything after the Bitcoin halving in 20 days!”

Earlier, the same trader took to Twitter to share a textbook Bump and Run Reversal Bottom pattern for Bitcoin, which would allow it to hit $10,500 soon.

Gabor Gurbacs, the digital currency strategist at VanEck, has shared his growing bullish attitude towards BTC.

He says that despite the fact that a few weeks ago financial markets did not take Bitcoin seriously, under the current impact of the pandemic, fragile economy and oil price, Bitcoin seems to be making “more sense than most markets.”

“A few weeks ago financial markets kept dismissing Bitcoin as nonsense. In a short few weeks, after trillions in QE, 22 million newly unemployed, massive bailouts, UBI checks, negative treasury rates and negative oil prices, Bitcoin seems to make more sense than most markets.”

Touching on the subject of millions of people losing their jobs in the US alone, Gurbacs states that Bitcoin is capable of helping people solve this problem as well. In other trending Bitcoin news today:

THESE 4 FUNDAMENTAL SIGNS SHOW A BITCOIN BULL RALLY IS GROWING MORE LIKELY

As observed by crypto exchange ShakePay, despite “the most significant economic collapse of the 21st century,” Bitcoin hasn’t been fazed.

Per Coin Metrics, the number of active addresses on the network is reaching a multi-month high, recently surmounting the sum of 840,000 addresses.

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DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky, especially when trading with leverage. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.

Show Notes / Resources:

If i asked you 1 week ago what is most likely:Oil going into negative price in 1 week?Or Bitcoin going to $20,000 in 1 week?

Everything is possible in times like these. Be prepared for anything after the #Bitcoin halving in 20 days!

— The Moon (@TheMoonCarl) April 22, 2020

OIL KEEPS FALLING!!JUNE CONTRACTS DOWN 47% and trending straight to sub $0 levels againNegative rates, negative oil, negative yield – the economy has gone mad!! Everything is inverted

Luckily we have Plan B – #Bitcoin  🙏

— Ivan on Tech (@IvanOnTech) April 21, 2020

A few weeks ago financial markets kept dismissing #Bitcoin as nonsense. In a short few weeks, after trillions in QE, 22 million newly unemployed, massive bailouts, UBI checks, negative treasury rates and negative oil prices, #Bitcoin seems to make more sense than most markets.

— Gabor Gurbacs (@gaborgurbacs) April 21, 2020

Active Bitcoin addresses are looking like a 🚀🚀🚀 this week.

Not only is the Bitcoin network growing, it’s growing amidst the most significant economic collapse of the 21st century. pic.twitter.com/PkEVVSdyqw

— Shakepay – Buy/Sell Bitcoin 🇨🇦 (@shakepay) April 21, 2020

These 4 Fundamental Signs Show a Bitcoin Bull Rally is Growing More Likely

https://u.today/bitcoin-btc-may-just-hit-20000-in-20-days-be-prepared-for-anything

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RIPPLE XRP IS DOGSH*T SAYS BITMEX CEO ARTHUR HAYES | Bitcoin (BTC) is Brewing the Perfect Storm for a Parabolic Mid-2020 Rally

Today, February 5th should have been an exciting day for Ripple XRP as behemoth derivatives exchange BitMEX adds a new perpetual swap contract for its XRP token.

But while BitMEX is “proud” to announce the new trading pair, CEO Arthur Hayes calls XRP “dogsh*t” on Crypto Twitter.

Ripple fans should be celebrating this listing and looking forward to more meaningful price action.

Except that this day will now be tainted with a whiff of something unpleasant as BitMEX CEO Arthur Hayes vocally disses Ripple’s token on Twitter.

“Is it called Ripple, XRP, or dogsh*t? Who knows, who cares. It’s worth more than zero so it’s time to trade the USD pair on BitMEX. Boo-Yaka-sha!“

This type of outburst on Twitter won’t go down well with Ripple as one of crypto’s most influential people outwardly slates XRP. 

It also shows the BitMEX CEO cares very little about the quality of the projects he lists as long as they make him money.

And it gives yet another reminder of the responsibility that comes with power–and the dangers of loose fingers on Twitter.

Bitcoin (BTC) is Brewing the Perfect Storm for a Parabolic Mid-2020 Rally

2020 has been Bitcoin’s year, with the cryptocurrency posting massive gains throughout January as bulls attempt to lay the groundwork for the BTC price to see parabolic gains throughout the rest of the year.

It is important to note that there is currently a multitude of separate factors that are influencing the Bitcoin price action, and the confluence of these factors does seem to suggest that a new bull-favoring cycle is right around the corner.

As for when this new cycle will begin, it does appear that all these factors are pointing to a notable macro trend shift occurring in early-May, which happens to be when the crypto’s mining rewards halving event is set to occur.

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DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky, especially when trading with leverage. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.

Show Notes / Resources:

Been about a month, updating again. Incredible bounce off the curve.

Halving estimate updated to May 12th, 2020. This is looking like it will be May 10th or earlier by the time it arrives.$BTC pic.twitter.com/Y9rcOjZXH2

— Jonny Moe (@JonnyMoeTrades) February 3, 2020

Is it called Ripple, XRP, or dogshit? Who knows, who cares. It’s worth more than zero so it’s time to trade the USD pair on BitMEX. Boo-Yaka-sha! https://t.co/pa3T5vd5kl

— Arthur Hayes (@CryptoHayes) February 4, 2020

How a Crypto Cold War Could Arise From Central Bank Competition

Bitcoin is Brewing the Perfect Storm for a Parabolic Mid-2020 Rally

Ripple’s XRP Is Dogsh*t Says BitMEX CEO

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The increasing institutional interest in Bitcoin is “not hard to see” as U.S. regulators green light custody this week.

The BTC price will pass $20,000 if United States banks invest even 1% of their assets, one analyst believes.

Discussing institutional uptake of Bitcoin on July 23, Capriole digital asset manager Charles Edwards said that it was “not hard to see” the unfolding trend.

“If US banks put just 1% of their assets into Bitcoin as an investment, hedge or insurance… the Bitcoin price more than doubles,” he wrote on Twitter, adding:

“Just 1 NASDAQ stock (Grayscale) already owns 2% of circulating Bitcoin supply today. It’s not hard to see where this is going.”

Edwards uploaded a chart of U.S. banks’ burgeoning asset balances as proof of the potential impact that a lean towards BTC would have on the largest cryptocurrency.

Grayscale, as Cointelegraph reported, is now a giant among Bitcoin hodlers, together with payment company Square responsible for buying up the majority of mined coins this year.

Edwards’ comments are meanwhile timely.

This week, U.S. lenders received the green light from regulators to engage in cryptocurrency custody activities.

Whether an influx from the sector would ultimately benefit Bitcoin as an asset remains a contentious topic.

Previously, concerns circulated that institutional attention in the form of products such as a Bitcoin exchange-traded fund (ETF) would be detrimental to price discovery.

“It’s not a matter of good or bad, it’s just a fact,” Edwards added.

Nonetheless, other recent moves only serve to reinforce the market’s upward trajectory.

Paul Tudor Jones, the maverick investor who has become increasingly bullish on Bitcoin, recently revealed that he had already put as much as 2% of his wealth in BTC.

In other trending Bitcoin News today:

Payments Giant Visa Reveals Roadmap to Supporting Bitcoin (BTC) and Cryptocurrency

Visa is laying out its plan to support Bitcoin (BTC) and the cryptocurrency space at large.

In a new blog post, the payments giant says it recognizes the role of digital assets in the future of money. 

“The concept of digital currency — or a digital version of cash controlled by a private key — was created more than a decade ago, with the launch of Bitcoin. Today, fiat-backed digital currencies, commonly referred to as “stablecoins,” have emerged as a promising new payment innovation, combining the benefits of digital currencies with the stability of existing currencies like the US dollar.”

Visa is already active in the cryptocurrency space, working with crypto platforms Coinbase and Fold.

The company says it plans to extend its services to digital currency wallets through its FastTrack program, allowing fintechs to integrate with Visa’s global network of 61 million merchants.

And in other trending BTC news today:

Top Analyst Bullish on Ethereum and Five Altcoins, Says Bitcoin Won’t Lead Surge in Crypto Market Cap

Crypto trader and analyst Michaël van de Poppe is bullish on Ethereum and a slew of altcoins.

Van de Poppe says ETH, rather than Bitcoin, will lead the way for a breakout in total crypto market cap.

The analyst believes Ethereum is “ready for $500” after recently pushing through the $250 price barrier.

Van de Poppe is also bullish on Chainlink (LINK), Elrond (ERD), TomoChain (TOMO), Perlin (PERL), and LTO Network (LTO).

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DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky, especially when trading with leverage. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.

Show Notes / Resources:

$BTCClose above that red line today ($9300) and I might reconsider my short term bearish bias (mid-term bear bias remains).

Close below and I’ll consider shorting more aggressively targeting the green line ($8500) first and green area second (~$7000) pic.twitter.com/ql3cOXKKdQ

— DonAlt (@CryptoDonAlt) July 22, 2020

If US banks put just 1% of their assets into #Bitcoin as an investment, hedge or insurance…… the Bitcoin price more than doubles.Just 1 NASDAQ stock (Grayscale) already owns 2% of circulating Bitcoin supply today.

It’s not hard to see where this is going. pic.twitter.com/i3oqPTcAPl

— Charles Edwards (@caprioleio) July 23, 2020

The total market cap of crypto will break out (most likely) upwards.

That’s not going to be through $BTC.

That’s going to be through $ETH.

As $ETH is very undervalued.

— Crypto Michaël (@CryptoMichNL) July 22, 2020

Why Regulators Allowing US Banks to Hold Bitcoin Is So Positive for Crypto

https://cointelegraph.com/news/bitcoin-price-can-hit-20k-when-us-banks-invest-1-of-assets-analyst