3 Reasons Why Bitcoin Price May Soon Explode Past ,000 | BTC Rally Can Climb K Parabolic Soon – Crypto News Alerts | Daily Bitcoin (BTC) and Cryptocurrency News

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3 Reasons Why Bitcoin Price is Macro Bullish & Could Soon Go Parabolic

Per a tweet from a prominent Cryptocurrency trader that went industry-viral, there are three reasons why he thinks the BTC price is entirely bullish on a macro basis:

Trader Satoshi Wolf recently noted that per his analysis of Bitcoin’s one-month candle chart over the past three years, there are at least three bullish technical analysis and fundamental signs that can be seen:

Firstly, the recent price decline that Bitcoin has seen from $14,000 to a low of $6,400 has been marked by decreasing volume, which he claims is “bullish.” Indeed, falling volumes in a downtrend would indicate that the sellers are gradually losing control.

Secondly, Bitcoin (BTC) in December decidedly bounced off the key $6,400 macro support level, which has been a level of utmost importance since early-2018, in December on high buying volumes.

And lastly, the block reward reduction for Bitcoin, which will decrease the inflation rate of the cryptocurrency by half, is on the horizon (May 2020). This event has been found to be correlated with upswings in the market.

This confluence of factors suggests Bitcoin may in the coming months explode past $10,000 and maybe even higher.

$75,000: Bitcoin’s Price is Set to Climb Exponentially If This Fractal Plays Out

Now one prominent analyst is explaining that Bitcoin’s recent price action is closely mirroring a fractal pattern seen just prior to the parabolic rise in early-summer of 2019, which may suggest that Bitcoin will soon rally into the five figure price region.

This rally may lead it into a significant resistance region, but it is important to note that there is a key level just above its 2019 highs that could catalyze a move that allows BTC to set fresh all-time highs.

BTC’s Rally Could Turn Parabolic If Next Upswing Leads It to Over $14,200 If the eerily accurate fractal that Dave The Wave muses continues playing out, it appears to be a strong possibility that the crypto could be just a mere matter of months away from its next parabolic phase that leads it up towards $75,000.

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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:

Yikes….Shorter to medium term. If price continues to break higher on another smaller parabolic run, the symmetrical triangle formed may serve to provide some resistance. Once that breaks

⬆️ pic.twitter.com/sl2DAUaBnd

— dave the wave (@davthewave) January 19, 2020

a) This would mean nearly 1,5 TRILLION marketcapb) money doesn’t grow in the treesc) remember you are using a log-based chart ( exponential profits can last forever)

d) please don’t forget also that a LOT of people follow and trust your words🙏

— Crypto Spain (@CryptoZeben) January 20, 2020

A good mate asked for my take on $BTCThe monthly chart says it all:1. Price decline + volume decline = Bullish2. Volume backed bounce off strong support = Bullish3. Halving = Bullish

Until something changes I am Bullish on #Bitcoin and will do everything to get more. pic.twitter.com/XGWxLUpCJF

— Satoshi Wolf (@SatoshiWolf) January 22, 2020

These 3 Reasons Are Why Bitcoin’s Price May Soon Explode Past $10,000

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BITCOIN SMASHES K! BTC WILL HIT K AS NETWORK EFFECT HAS ‘TAKEN OVER’ SAYS MIKE NOVOGRATZ!

By admin — 3 years ago

➡️ REPLAY: “The Crypto Catch-Up” – http://teeka.cryptonewsalerts.net

Bitcoin will hit $65,000 due to a combination of low supply and “tons of new buyers,” major BTC investor Mike Novogratz says.

In an increasingly popular Twitter debate on Nov. 17, Novogratz, who is well known for his prominent Bitcoin plugs, told actress Maisie Williams not to hesitate in buying the cryptocurrency.

Williams had released a poll asking Twitter followers whether or not she should invest in BTC.

At press time, the verdict was split, with 47% of the roughly 750,000 responses supporting an investment.

The poll soon caught the attention of famous Twitter users, among them Tesla CEO Elon Musk.

“I bought more BTC last night at 15,800. It’s going to 20K and (then) To 65K,” Novogratz commented.

“The network effect has taken over. I see tons of new buyers and there is very little supply. It’s an easier trade here (than) at 11K. So YES, buy it.”

As Cointelegraph reported, Bitcoin’s recent rise has been noticeable for the lack of associated media attention it has received.

Despite being at levels not enjoyed by the token longer than two weeks in its history, Bitcoin has not yet sparked the same frenzy of publicity that accompanied its rise to $20,000 all-time highs in 2017.

Behind the scenes, however, institutions that were previously unlikely supporters are coming around to the idea of a future in which Bitcoin stars as a major investment asset. Among them was Citibank this week, which forecast a December 2021 Bitcoin price of up to $318,000.

In other trending Bitcoin News today:

“THE PRIMARY HURDLE TOWARD $50,000 BITCOIN IS THE $20,000 ALL-TIME HIGH”

Bitcoin has rocketed higher over recent weeks. In the past five weeks alone, the leading cryptocurrency has gained 60%, boosting to $16,600 as of this article’s writing. Earlier today, the coin was trading higher than this closer to $17,000.

Analysts are confident that further gains are on the horizon.

According to Mike McGlone, a senior commodity analyst or strategist at Bloomberg Intelligence, Bitcoin passing its previous all-time high at $20,000 will cause a large move higher.

Referencing the chart below, he went as far as to say that the cryptocurrency passing $20,000 per coin could trigger a move to a $1 trillion market cap for all Bitcoin. This corresponds with approximately $50,000 per token, a price 200% higher than the current price point of $16,600.

Commenting on what the chart shows for Bitcoin, McGlone wrote:

“$20,000 Bitcoin Is Primary Hurdle Toward $1 Trillion Market Cap — The digital version of gold but with more-limited supply and a history of adding zeros, appears to be in an early price-discovery stage and may simply continue its ascent in 2021. Mainstream adoption is rising…”

Analysts think that Bitcoin moves beyond $50,000 in this market cycle, despite how impressive a rally to $50,000 would be. The Winklevoss Twins, the co-founders of Gemini and long-time BTC holders, recently stated that the cryptocurrency could pass $500,000 per coin in this market cycle:

“Inflation is coming. Money stored in a bank will get run over. Money invested in assets like real estate or the stock market will keep pace. Money stored in gold or BTC will outrun the scourge. And money stored in Bitcoin will run the fastest, overtaking gold…

Nonetheless, we believe that BTC will continue to cannibalize gold and that this story will play out dramatically over the next decade. The rate of technological adoption is growing exponentially. Software is eating the world and gold is on the menu.”

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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:

– 1yr HODL % still really high? Yep– bitcoin being rushed off exchanges? Yep– funding still neutral? Yep– Institutions still buying? Yep

Cool, See you at $22k in a few weeks when price reaches the 350dma x 2 of the Golden Ratio Multiplier. pic.twitter.com/pI84kJwmhh

— Philip Swift (@PositiveCrypto) November 16, 2020

$20,000 incoming -,A new wave of media coverage – A pop to $28,000 – A pause, possibly

– Then higher #Bitcoin

— Max Keiser (@maxkeiser) November 17, 2020

I bought more $BTC last night at 15800. It’s going to 20k and the. To 65 k. The network effect has taken over. I see tons of new buyers and there is very little supply. It’s an easier trade here that at 11k. So YES, buy it.

— Mike Novogratz (@novogratz) November 17, 2020

$20,000 #Bitcoin Is Primary Hurdle Toward $1 Trillion Market Cap —
The digital version of #gold but with more-limited supply and a history of adding zeros, appears to be in an early price-discovery stage and may simply continue its ascent in 2021. Mainstream adoption is rising.. pic.twitter.com/m4JSt5G09N

— Mike McGlone (@mikemcglone11) November 16, 2020

The Primary Hurdle Toward $50,000 Bitcoin Is the $20,000 All-Time High

https://cointelegraph.com/news/bitcoin-analyst-gives-4-reasons-why-btc-price-will-hit-22-000-next

https://cointelegraph.com/news/bitcoin-will-hit-65k-mike-novogratz-tells-actress-maisie-williams

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K BITCOIN PRICE TARGET ‘BEFORE’ GOING PARABOLIC!! RICH DAD AUTHOR ROBERT KIYOSAKI BULLISH ON BTC!

By admin — 3 years ago

➡️ Leverage OPM (Other People’s Money): http://opm.cryptonewsalerts.net

Popular Cryptocurrency analyst CryptoBull says the Bitcoin price is heading to $33K by July ‘BEFORE’ the BTC price goes parabolic.

He shared the following bullish Bitcoin price prediction on Crypto Twitter to his 156.5K followers…

“Alright… let’s stay realistic here… $33k by july… and then we go parabolic”

The keyword here being ‘REALISTIC’ which you have to respect.

Another popular Crypto analyst ‘Lark Davis’ tweeted the following:

“Quick reminder that the price of Bitcoin went from $11,000 to $20,000 in 14 days back in 2017. This market is a powder keg!”

In other trending Bitcoin News today:

COVID-19 Vaccine Will Spark Bitcoin ‘Crash’ – Rich Dad Poor Dad Author

Bitcoin (BTC) will “crash” when the world finds a coronavirus vaccine that works, popular author Robert Kiyosaki claims.

In a tweet on Sep. 15, Kiyosaki, famous for his book, “Rich Dad Poor Dad,” warned that a functional solution to Covid-19 would send safe-haven assets plummeting.

“What happens when vaccine is proven? Gold silver Bitcoin will CRASH. Buying opportunity. Real problem NOT Pandemic. Real problem massive US debt. US Bankrupt. $28 T balance sheet debt. $120 T off balance sheet social obligations. Gold silver Bitcoin best investments long term.”

Continuing, Kiyosaki argued that the virus was masking the “real” issues at stake for the United States economy in particular.

With $26.7 trillion in debt according to monitoring resource U.S. National Debt Clock, much of which appeared via stimulus measures since Covid-19 hit, the country is now “bankrupt.”

The argument in favor of long-term investment in Bitcoin has become more and more public since March’s cross-asset market crash.

Despite current strength, the U.S. dollar is broadly seen as being in a downward spiral which will only worsen thanks to Federal Reserve policies — also ostensibly intended to counter coronavirus fallout.

The U.S. dollar currency index has buoyed Bitcoin and gold in recent months, underscoring inverse correlation which remains a major consideration for traders.

On Wednesday, the Fed is set to deliver fresh comments on the future of its market participation, further raising the prospect of dollar volatility.

Another trend highlights increases in BTC/USD as the debt amassed by central banks worldwide ballooned this year.

Kiyosaki meanwhile remains an outspoken supporter of Bitcoin, whatever the weather.

In August, he urged Twitter followers to buy the cryptocurrency before a “major banking crisis” appeared.

Dollar weakness and Fed meddling in the economy likewise formed the impetus behind his advice.

Warren Buffett exiting U.S. banking investments and buying gold was another alarm bell for the author.

“What’s Warren Buffet doing? Warren Buffett has a huge cash position, he’s recently moved into gold stock, which is a very different kind of investment than he’s used to making over the past decades, and as of this week he’s now got a big position in Japanese stocks,” RT host Max Keiser, who often presents similar conclusions about the economy, continued in an interview this weekend. “He’s getting out of the dollar; I think that’s pretty clear. That should be a red flag to folks out there — that one of the world’s most successful investors is getting out of the dollar.”

Also in August, Keiser forecast that Bitcoin would hit a new all-time high in the near future as the current economic situation plays out.

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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:

% of world using the Internet in 1995 = 0.5%% of world using the Internet in 2020 = 60%% of world using Bitcoin in 2020 = 0.5%⁰⁰

What do you think the price will be when 60% of the population is using Bitcoin?

— Dan Held (@danheld) September 18, 2020

What happens when vaccine is proven? Gold silver Bitcoin will CRASH. Buying opportunity. Real problem NOT Pandemic. Real problem massive US debt. US Bankrupt. $28 T balance sheet debt. $120 T off balance sheet social obligations. Gold silver Bitcoin best investments long term.

— therealkiyosaki (@theRealKiyosaki) September 15, 2020

UNEMPLOYED BANKERS. Did Buffet dumping BIG BANKs signal end of banks? Is crypto US dollar next? Will crypto US $ mean more loss of freedom & privacy? More Orwell’s 1984 BIG BROTHER? Will Fed replace bankers? Is Fed Big Brother? More reasons to buy gold silver Bitcoin now.

— therealkiyosaki (@theRealKiyosaki) September 17, 2020

https://dailyhodl.com/2020/09/19/creator-of-crypto-asset-that-skyrocketed-138000-backing-new-defi-project/

https://cointelegraph.com/news/covid-19-vaccine-will-spark-bitcoin-crash-rich-dad-poor-dad-author

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BITCOIN COULD SURGE TO M WITHIN FIVE YEARS, SAYS CRYPTO HEDGE FUND MANAGER! TRUMP OR BIDEN VS BTC?

By admin — 3 years ago

➡️ Leverage OPM (Other People’s Money): http://opm.cryptonewsalerts.net

Morgan Creek Digital Assets co-founder and partner Jason Williams says Bitcoin could meteorically rise nearly 17,900% in five years as BTC solidifies its position as a safe haven asset.

In a Norwegian Block Exchange interview, Williams offers his bull scenario for the world’s leading cryptocurrency.

“Bitcoin could hit $1 – $3 million dollars in the next five years. People have no idea what it will look like when large banks and countries start holding Bitcoin in their treasury.”

The crypto hedge fund manager highlights Bitcoin’s scarcity as a key characteristic that will attract more institutional players and continue to drive the value of the king cryptocurrency.

In the last few months, institutional players in the form of publicly traded companies have announced their entry into BTC with multi-million-dollar investments.

In September, business intelligence company MicroStrategy upped their BTC investments to $425 million. Last month, payments giant Square revealed that it made a $50 million BTC acquisition.

With more institutions flocking into the number one cryptocurrency, Bitcoin Treasuries reveals that publicly traded companies have increased their BTC holdings from over $6.9 billion in mid-October to $10.7 billion this month.

In April, when Bitcoin was trading around $6,000, Jason Williams predicted that BTC would surpass its all-time high of $20,000 this year.

In other trending Bitcoin News today:

Trump Or Biden? Max Keiser Explains Why Bitcoin Will Be The Ultimate Winner After the US Elections

Famous TV host Max Keiser explains how Bitcoin will emerge as the ultimate winner, despite who wins the 2020 US Presidential elections.

Max says, “With Trump, who at least understands something about capitalism, the ascent of Bitcoin would be slower as I believe he would calm markets by having the US enter the global hash war that Iran now leads in a Sputnik-like call to enter the Hash Race moment.”

Keiser added that the US needs to strive for a “big slice of Bitcoin’s global hash rate before our competitors do. I know of several countries that will soon announce major sovereign underwritings of BTC hash rate to try and oust Iran’s position.”

Keiser’s views see BTC sharply explode in value in case Biden emerges the winner come Sunday.

“As I’ve said, a Biden win would accelerate Bitcoin’s advance as panic-buying from those looking to escape the socialists, money printers, and MMT’ers goes into hyperdrive.”

“It will be like the 1938’s Kristallnacht (also known as the Night of Broken Glass or the November Pogrom), jack-booted armed thugs will go door-to-door stealing property in the name of social justice.”

Bitcoin is bigger than the elections, asserted Keiser.

It’s an asset that has no real “correlation with anything – stocks, bonds, currencies, gold, commodities, or property – and certainly no political parties or political outcomes, here in the US or anywhere in the world.”

Bitcoin is correlated only to Bitcoin. Despite the outcome of the upcoming elections, Bitcoin will still be backed “by an insatiable hunger.” It’s a cosmic scale hunger because “Bitcoin is the Big Bang of money.”

“To be clear, I don’t mean BTC is backed by energy. What I’m saying is, it’s backed by code that’s unstoppably programmed to consume all available energy on Earth and beyond, to create absolute monetary scarcity to elevate humanity to a more pure spiritual state of existence. Transcendence on this scale takes synchronization and massive amounts of energy.”

Keiser also said that no matter who’s the US president, Bitcoin is on its way to take out gold as the ultimate monetary store of value and doubled-down on his 40x-80x price prediction.

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

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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://dailyhodl.com/2020/11/02/bitcoin-btc-could-surge-to-3-million-within-five-years-says-crypto-hedge-fund-manager-heres-why/

https://cryptopotato.com/trump-or-biden-max-keiser-explains-why-bitcoin-will-be-the-ultimate-winner-after-the-us-elections/

https://cointelegraph.com/news/btc-traders-caught-off-guard-3-reasons-bitcoin-dropped-2-in-just-1-hour

Post Views: 244

3 Reasons Why Bitcoin Price May Soon Explode Past ,000 | BTC Rally Can Climb K Parabolic Soon

3 Reasons Why Bitcoin Price is Macro Bullish & Could Soon Go Parabolic

$75,000: Bitcoin’s Price is Set to Climb Exponentially If This Fractal Plays Out

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

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3 Reasons Why Bitcoin Price May Soon Explode Past ,000 | BTC Rally Can Climb K Parabolic Soon

3 Reasons Why Bitcoin Price is Macro Bullish & Could Soon Go Parabolic

$75,000: Bitcoin’s Price is Set to Climb Exponentially If This Fractal Plays Out

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

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BITCOIN SMASHES K! BTC WILL HIT K AS NETWORK EFFECT HAS ‘TAKEN OVER’ SAYS MIKE NOVOGRATZ!

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K BITCOIN PRICE TARGET ‘BEFORE’ GOING PARABOLIC!! RICH DAD AUTHOR ROBERT KIYOSAKI BULLISH ON BTC!

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