100x-200x GROWTH COMING TO BITCOIN / CRYPTO MARKETS, SAYS MACRO GURU – HERE’S HIS TIMELINE!!

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The Bitcoin price could hit $100,000 as soon as in 2020 based on Elliot Wave Theory, according to Silk Road founder Ross Ulbricht.

“Thus, we have a price and target for the end of wave I of ~$100,000 some time in or near 2020.”

Ulbricht claims that he has several Bitcoin charts sent him to a prison cell on a daily basis.

It takes about a week to put his letters online, which makes them slightly out of date.

However, he states that it doesn’t matter since he only focuses on the coin’s long-term price action.

“The charts we will be looking at show the price of a bitcoin in US dollars over time.” 

According to Ulbricht, the overall trend for Bitcoin is still up (despite a severe price correction). 

The first cycle is divided into five waves that also feature “intermediate” waves.

The end of the fourth wave market the bottom of the 2014-2015 bear market when the price of Bitcoin plunged to $175 in January 2015 before gearing up for its parabolic rise to the current all-time high (ATH) that was conquered back in December 2017.

Ulbricht further explains that the ATH could mark the end of the third wave while another bear market that started in January 2018 could be the fourth wave. 

“If the ~$20,000 peak is the end of wave (3), then the correction pattern we are in (or just came out of) is wave (4), and we can expect wave (5) to take us to new all-time highs.” 

However, if the fifth wave is still unfolding, the next bull run could last until February 2021 and could ultimately take the price of Bitcoin to $100,000 as early as in 2020. 

In other BTC news today:

Bitcoin’s scheduled mining-reward halving in May 2020 could leave prices for the cryptocurrency in a range between $20,000 and $50,000, according to a new estimate.

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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:

https://www.coindesk.com/bitcoin-halving-could-leave-price-at-20k-50k-hedge-fund-manager-says

https://u.today/bitcoin-price-predicted-to-skyrocket-to-100000-in-2020-by-silk-road-founder-ross-ulbricht

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Shark Tank host Robert Herjavec is certain that BTC is a good buy at the current Bitcoin price.

The Canadian businessman who’s known as the host of the hit TV show ‘Shark Tank,’ is a ‘big believer’ in Bitcoin (BTC) and electronic payments in the future, unlike his fellow host Mark Cuban.   

When asked about analysts who say that the BTC price could reach $100,000 or even $1 million during his recent Kitco interview, Herjavec said that it didn’t sound crazy to him on a long-term basis.

Herjavec says that one of the main challenges for Bitcoin is the existence of multiple forks.  

“There is no one Bitcoin. There are different types of Bitcoin, and I think it’s a bit of a fragmented industry.” 

There are currently three different versions of Bitcoin in the top 10, which signifies how divided the community is.

However, the original Bitcoin still blows out of the water its forked versions given that it is responsible for almost 64 percent of the total market cap. 

Bitcoin Tumbles, Altcoins in Deep Red – Here’s Where BTC, ETH and XRP Will Land, According to Top Crypto Analysts

As Bitcoin continues to slide toward $9,000, crypto analysts are trying to gauge when the bleeding will stop.

Now that BTC has firmly slipped below $9,300, analyst Josh Rager says he thinks the leading cryptocurrency will continue to head south to support at around $8,600.

Meanwhile, Scott Melker of Texas West Capital says Bitcoin bulls need to protect the $9,090 level to avoid a larger move to the downside.

“The next support for me is still THE LINE at $9,090. For now, price bounced there to the dollar. Now let’s see if it holds.”

Fellow analyst Filbfilb tells his followers on Telegram that he believes BTC will likely hit a bottom at around $8,800, which is the current 200-day moving average on TradingView.

“Downside targets the 200-day moving average, 20-week moving average, and 50-week moving average seem good for a bounce, but the 200-day moving average is never really lost in a bull run, so losing that could be more of a significant issue. Nevertheless, I’m looking for longs down there.”

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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:

I spoke to @jchatterleyCNN this AM.Explained why Warren Buffett isn’t a great person to listen to on technology and why Bitcoin’s monetary policy is superior to fiat monetary policy.If this video gets 500,000 views, Julia will bring on more Bitcoiners.

You know what to do 🙏🏽 pic.twitter.com/lEcyQkbG6w

— Pomp 🌪 (@APompliano) February 25, 2020

$ETH vs USD update>Tapped in to $275-280 resistance>At diagonal support>If lost, I expect a heavy sell-off>$241 first support

>$208-211 remains valid if $241 is lost pic.twitter.com/Rmu2o59Gra

— //Bitcoin 𝕵ack (@BTC_JackSparrow) February 25, 2020

From this morning’s edition of The Wolf Den…”The next support for me is still THE LINE at $9,090…” For now, price bounced there to the dollar.Now let’s see if it holds.

To read my top to bottom analysis on $BTC (and much more), join below. https://t.co/ccjxa38HLr

— The Wolf Of All Streets (@scottmelker) February 26, 2020

There’s the break and bounce off the high volume node for $BTCI don’t expect a trend reversal back up, instead can suspect for this to continue down with more retests of $9300

If that area breaks, IMO we head to $8600 to $8700 pic.twitter.com/T37xGrHdOP

— Josh Rager 📈 (@Josh_Rager) February 25, 2020

https://cointelegraph.com/news/anthony-pompliano-speaks-to-cnn-about-warren-buffett-and-bitcoin

https://u.today/bitcoin-btc-price-reaching-1000000-doesnt-sound-crazy-to-shark-tanks-robert-herjavec

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We believe Bitcoin can reach our bullish scenario target of $178k by December 2021 or a bit later, in case this BTC cycle extends into 2022.

This will require minimal on-chain selling pressure, especially as Bitcoin price pushes above $100k. As long as the long-term holders continue to hold, even with BTC at $100k, we can easily expect prices to move higher.

Our technical targets to the upside found high levels of confluence around $178k to $190k. This also matches various other technical-based models, making this an area of interest for the 2021’s bull market top.

In other trending Bitcoin News today: PayPal launches crypto services for UK customers!

Beginning this week, residents of the United Kingdom will be able to buy, hold and sell cryptocurrencies through PayPal for the first time — marking a significant milestone for a company that began offering digital asset services less than a year ago. 

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Ledger: ► http://ledger.cryptonewsalerts.net

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:

https://cryptopotato.com/bitcoin-likely-to-reach-at-least-96k-in-depth-price-prediction-analysis-of-2021-cycles-top/

https://cointelegraph.com/news/paypal-launches-crypto-services-for-uk-customers

https://cointelegraph.com/news/50k-btc-price-vs-the-fed-5-things-to-watch-in-bitcoin-this-week

https://cointelegraph.com/news/bitcoin-price-tags-50k-for-first-time-since-may