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Popular crypto analyst Michaël van de Poppe reveals that he is still standing by his peak high bull cycle prediction for Bitcoin, Ethereum, as well as 6 other top altcoins including Polkadot, Chainlink, Cardano, Zilliqa, Elrond and DIA.
In other trending Cryptocurrency News today: Ethereum Primed for 500% Explosion, Says Crypto Trader Lark Davis â Hereâs Why!
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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.
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Bitcoin Price Is Likely to Plunge to #post_titleK, Says Silk Road Founder | BTC Halving 2020 Countdown
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Forget about $100,000. âDread Pirate Robertsâ Ross Ulbricht expects the Bitcoin price to plunge to $1K before another bull run.
Ross Ulbricht, the founder of the infamous Silk Road dark web marketplace, has spotted âa strong signalâ for lower BTC price.
According to his new price analysis that relies on the Elliott Wave theory, the Bitcoin (BTC) price could plunge to as low as $1,200.
Ulbricht states that BTC is currently in the last stage of its first cycle degree bear market. Wave II is comprised of three primary-degree waves, with wave C being the largest one.
It is not clear how low wave II can go, but Ulbricht notes that the two previous bear markets resulted in 86 percent and 94 percent drawdowns, which means that there is more pain in store for the bulls. Hence, he notes that a similar price plunge could take Bitcoin all the way down to $1,200.
According to Ulbricht, itâs hard to estimate the duration of this bear market, but, based on the historical data, it could end this June.
âEstimating the extent and duration of wave II is difficult and imprecise. There is no limit to how low it can go (except $0) because wave I started at $0.â
Ulbricht also says that Bitcoin could invalidate this bearish scenario is its price surges back above $14,000 (its 2019 high). However, this turnaround seems âunlikely to him.â â
If the price rises above the peak near $14,000, we will have to reevaluate our interpretation, but at this point that seems like a very unlikely scenario.â
Back in December, Ulbricht predicted that BTC could surge to $100,000 in 2020, but the drop below the start of wave 2 ($4,200) on March 12 made such a bullish scenario improbable.
However, if BTC were to drop to this level, Ulbricht would view it as a âmajor buying opportunityâ before the start of wave 3.
Bitcoin (BTC) Halving Searches Breakout With Biggest Event in Crypto Just 30 Days Away
The Bitcoin halving countdown has reached the one-month mark with estimates targeting 29-31 days left to go.
The BTC halving event will reduce the amount of new Bitcoin entering the circulating supply by dropping mining rewards by 50%.
The event has triggered increasing interest as central banks resort to money printing to counter the economic blow of coronavirus.
âBitcoin halving countdownâ, âBitcoin halving price chartâ and âBitcoin halving clockâ are all currently trending on Google as breakout searches in the US. âBitcoin halving predictionâ, âBitcoin halving price predictionâ and âBitcoin halving 2020â are all breakout searches worldwide.
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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://medium.com/@RossUlbricht/bitcoin-by-ross-9-a-strong-signal-for-lower-prices-87d2cdcdba95
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BITCOIN WILL SOON HAVE A 0,000 PRICE TAG: ADAM BACK | BTC Price Is About to Go Parabolic!
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The Bitcoin price is not so far from reaching a $100,000 valuation, recalled Adam Back, founder of Blockstream.
The BTC price broke $10,000 when it was not even expected to move above $1,000.
Bitcoin (BTC) went on to revisit the $10,000 level with ease a few times.
Over the years, the bitcoin price reached a peak near $20,000, reached within just weeks from lows around $3,500.
Adam Back recently shared the following Tweets on Crypto Twitter:
âItâs closer than it sounds as along the path of hyperbitcoinization, the USD inflation rises, eg aided by Modern Monetary Theory rationale for high inflation, so $1 becomes worth say 10c over a decade or two of monetary craziness, then $10mil/BTC is $1mil/BTC in todayâs money.â
âAnd $100k Bitcoin doesnât seem so far given we already crossed $10k threshold a few times when few expected even $1k some years back and $10k seemed crazy.â
In other Crypto news today, this simple observation suggests Bitcoin is about to go parabolic.
Historical data suggests the BTC halving to boost prices pre-event. Cryptocurrency analyst Nunya Bizniz recently made an eerily bullish observation about Bitcoin.
He noted that in the two previous market cycles of the BTC market, the cryptocurrency performed extremely well starting 120 days (four months) out from the cyclesâ respective block reward reductions, known as âhalvingsâ or âhalvenings.â
In the four months prior to the first halving in 2012, the price of BTC rallied dozens of percent higher from $10 to around $14 by the time of the event; and in the four months prior to the second halving in 2016, the price of Bitcoin went effectively parabolic, running from $432 to $700.
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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.
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And $100k Bitcoin doesn’t seem so far given we already crossed $10k threshold a few times when few expected even $1k some years back and $10k seemed crazy.
â Adam Back (@adam3us) January 11, 2020
Bitcoin is about 120 days away from the halving.What was price action like 120 days prior to the first two halvings?
Whether you believe its priced in or not, if past is prologue â volatility may be expected. pic.twitter.com/7peG6Ir0m4
â Nunya Bizniz (@Pladizow) January 10, 2020
This Late Night Host Just Exposed Millions to Bitcoin, Again
This Simple Observation Suggests Bitcoin is About to Go Parabolic
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0K to 0K: Long Term Bitcoin Price Predictions From Big Firms | NEXT BTC BULL RUN!
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Bitcoin price predictions are always hot topics, even more so when they are made by industry heavyweights and huge firms.
There have been a few of them over the past week or so and the figures are not small.
$150k Bitcoin From Tom Lee â Speaking to Bloomberg he added that big fund launches can have around $13 billion of first-year demand.
For Bitcoin to be able to cope with this demand he suggested it should be priced around $150,000.
The $150,000 price valuation is not too sky high and others are of the opinion that it could be even higher.
Pantera Capital founder Dan Morehead has also been talking BTC price predictions.
At the âUnchainedâ podcast earlier this year he said that BTC could reach $42,000 by the end of 2019 but looking at current performance that appears very unlikely.
A longer term prediction could see BTC at $356,000 by 2022 according to Morehead.
âGraph the price of Bitcoin logarithmically, its trend is going to grow at 235% compound annual growth rate ⊠And if you just extrapolate that line out for another year itâs $122,000 per Bitcoin and then one more year, $356,000.â
CEO of Bitcoin wallet provider Xapo, Wences Casares, made his own prediction earlier this year with the lofty call of $1 million in 7 to 10 years.
This would be on the premise that BTC succeeds as the financial experiment that started out a decade ago.
In other Cryptocurrency news todayâŠ
According to popular Crypto analyst, a Bitcoin bull run is to start on Thursday after difficulty adjustment.
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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:
Bitcoin Bull Run To Start On Thursday After Difficulty Adjustment
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