3 Key Metrics Suggest Bitcoin Price Has Completed Its Macro Bear Cycle | Altcoin Apocalypse?!

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Crypto trader and YouTuber Ben Armstrong aka ‘Bitboy Crypto’ is predicting that Bitcoin will kick it into hyperdrive after shattering $100,000 ​by the end of the second quarter, largely driven by the expiry of the quarterly futures contracts.

“I think the end of this bull run is the end of September, so we’ll give it another month to run, and then match the stock-to-flow, you know, somewhere between $290,000, $320,000.”

In other trending Cryptocurrency News today:

Macro guru Raoul Pal says a new milestone for Ethereum demonstrates the platform’s ability to command the crypto and financial sectors.

“Things move faster than the speed of light in crypto adoption….It is a test that tacitly accepts that crypto offers better settlement, custody and transfer for the global bond market. Something I have talked about for a decade… in the end, all securities of all types will migrate across to public blockchains.”

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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:

JPMorgan Offering Bitcoin Investments to High Net Worth Clients – Report

https://cointelegraph.com/news/sub-60k-monthly-close-will-make-bitcoin-s-3-9b-options-expiry-a-non-event

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According to crypto analyst Alan Masters, the Bitcoin price is likely to go mid $6,000 next month.

He wrote, “BTC is now moving in a descending channel, going lower. Now I am seeing a potential bounce in place or further drop. Bitcoin can easily move lower, according to the chart, but a bounce is also very likely. As for the mid $6,500 price (I am looking at the $6,200 – $6,500 range), I am looking at this level for Bitcoin to fully complete this retrace… Depending on how this level is handled, we can think about Bitcoins next move.”

Are Altcoins ready to explode?!

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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.

News Resources From Today’s Show:

https://www.tradingview.com/chart/BTCUSD/CUi6fGO3-Bitcoin-Bounces-To-9k-Likely-Go-Mid-6k-Next-Month-Altcoins/

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Popular crypto analyst and trader Kevin Svenson is saying that Bitcoin is due for a steep rally to the six-figure level as BTC follows a widely-known pattern in the equities market.

“George Lindsay says the basement is essentially a bear trap… So it would actually be a good bear trap if we did actually continue with a move up to the first floor and that would mean over the next month or two, we would expect a move back up toward the $50,000 to $60,000 to form our first floor. And this could potentially lead us to into a final mania phase all the way up to the $200,000 level.”

In other trending Bitcoin News today: Adoption And Scarcity To Fuel A Bitcoin Run To $100K!

Despite having fallen by nearly 30% since its November all-time high, Bitcoin is in a consolidating bull market and on its way to $100,000, according to a Bloomberg Intelligence report. The paper said it is unlikely that BTC’s bull run has come to a halt and predicts the fixed supply to sustain increasing prices.

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🔥 Binance – Buy, Sell or Trade Over 400 Altcoins: ► http://binance.cryptonewsalerts.net

🔥 [IMPORTANT] – Secure your crypto with a Trezor or Ledger hardware wallet:

Trezor: ► http://trezor.cryptonewsalerts.net

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:

Crypto Bull Cathie Wood Says Ethereum Is More Undervalued Than Bitcoin

https://bitcoinmagazine.com/business/bitcoin-to-hit-100000-in-2022-bloomberg-report

https://cointelegraph.com/news/bitcoin-price-dip-may-end-wednesday-as-bitfinex-bids-hint-at-fed-buy-the-news-plans