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Payments platform Strike has announced that it will allow U.S. customers to buy and sell Bitcoin with almost no trading fees from today. 

In an announcement on July 1, Strike founder and CEO Jack Mallers launched a salvo at leading U.S. cryptocurrency exchange Coinbase, stating that his platform will set out to be the “cheapest and easiest place on the planet to acquire BTC.”

Mallers added that the aim is to drive prices in the market as close to nothing as possible, which would be in keeping with Bitcoin’s ethos. 

“Our mission is to secure financial freedom for all, and we won’t stop until we do so for all 8 billion people on the planet.”

In other trending Bitcoin News today: “Bitcoin May Hit $250,000, This Analyst Predicts An Incredible Price Surge!”

Because of its volatility, the Bitcoin market is a new market every day. The outcome is always surprising, no matter how well one predicts the future. 

These were the thoughts of Scott Melker, called “The Wolf of All Streets”. He picked up the monthly chart in his most recent analysis video and brought up some fascinating observations.

“Even if it went next month to the top of the channel (the upper trend line), that’d be $158,000, a month later 168, 176 you see it takes a few months…That gets us to those 230, 250, 280 thousand targets”

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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 May Hit $250,000, This Analyst Predicts An Incredible Price Surge

https://jimmymow.medium.com/announcing-the-bitcoin-tab-133fffc5f668

https://cointelegraph.com/news/strike-to-offer-no-fee-bitcoin-trading-taking-aim-at-coinbase-and-square

https://cointelegraph.com/news/bitcoin-bounces-at-key-range-amid-hope-btc-price-will-avoid-big-nuke

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A well-known Bitcoin influencer and analyst just gave one of the most bullish Bitcoin price predictions on record, saying the top cryptocurrency could skyrocket to $5 million per BTC.

The pseudonymous analyst, known in the industry as Carl the Moon, has a collective following of 170,000 on Twitter and YouTube.

In a new interview with Coin Post, he says the bold Bitcoin prediction depends on the future of fiat currency.

“If you look at the currency supply of the world, it is currently valued at $100 trillion. If Bitcoin takes over this whole pool of liquidity, this fiat money pool, then this means that Bitcoin could potentially take over this market cap and that would put Bitcoin at approximately $5 million per Bitcoin.”

Carl says he believes the current global economic landscape is favorable for the number one cryptocurrency. 

“I think it’s obvious that Bitcoin is eventually going to break $20,000. We’re seeing central banks printing currency like never before. And what we’re seeing is [an] historical amount of currency printing, this is the exact scenario that Bitcoin was created for. Fundamentally, Bitcoin is looking extremely bullish, much more bullish than on a technical level.”

While the pseudonymous analyst is bullish on Bitcoin, he says that most traders will likely lose money trying to time BTC’s price action.

“I think that people that hold Bitcoin will be the biggest winners in the world because Bitcoin has been the best performing asset of the previous decade. It will continue to be the best performing asset of this decade in my opinion.

Traders can make more money than holders if they actively trade and if they know what they’re doing. But people that are not experienced tend to lose money when trading. Approximately, 80 to 90% of people that trade actually lose money over time.”

In the short-term, the analyst says Bitcoin just needs to break $14,000 in order to start the big uptrend. 

“I believe Bitcoin is currently in a bull market but I’m not so sure that we have started the big Bitcoin bull run just yet… The big question is will Bitcoin be able to break this previous high. There was a high at approximately $14,000 back here in June – July 2019. I think that when we break this level, then I can say for sure we are guaranteed in a bull market.” 

Carl, who, says Bitcoin must stay above a crucial technical indicator to have a chance to breach key resistance of $14,000 and then move on to $20,000.

“For us to reach $20,000 obviously we’re going to have to reach $14,000 first, but more importantly we have to break it. If we get rejected here, then that would be a bad sign… If Bitcoin can hold above this 20-weekly moving average here, then the 20-weekly might look something like this and we will see the Bitcoin price maybe do something like this.

In that case, maybe we could see Bitcoin break above $14,000 before April 2021. When we break the $14,000, then I think we’re going to see a huge candle. We’re going to see a massive move up to $20,000.”

In other trending Bitcoin News Today:

Vitalik Buterin Updates Ethereum 2.0 Roadmap, Details Plans to Exponentially Increase Scalability

The Ethereum co-founder says the leading smart contract protocol will rely on rollups to massively elevate the throughput of the leading smart contract platform by over 666,500%.

“Today, Ethereum has ~15 TPS (transactions per second). If everyone moves to rollups, we will soon have ~3000 TPS. Once phase 1 comes along and rollups move to eth2 sharded chains for their data storage, we go up to a theoretical max of ~100000 TPS… Eventually, phase 2 will come along, bringing eth2 sharded chains with native computations, which give us… ~1000-5000 TPS.

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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:

https://dailyhodl.com/2020/10/04/influential-crypto-analyst-says-bitcoin-could-reach-5-million-but-most-traders-will-lose-money/

https://news.bitcoin.com/kucoin-ceo-says-exchange-hack-suspects-found-204-million-recovered/

https://dailyhodl.com/2020/10/04/influential-crypto-analyst-says-bitcoin-could-reach-5-million-but-most-traders-will-lose-money/

➡️ OPM Wealth: http://opm.cryptonewsalerts.net

As Jan. 2020 comes to a close, the Bitcoin price is up 32% this month.

As one analyst points out, if this continues every month, the BTC price will reach $152,000 by the end of the year.

In a tweet that garnered thousands of likes and replies yesterday, Bitcoin (BTC) analyst and developer Crypto₿ull pointed out that Bitcoin is up 32% this month. He added:

“Bitcoin is up 32% this month. If we go up 32% every month this year we will be at $152,000 in December.”

That’s a pretty eye-opening BTC prediction 2020 thought. Of course, there’s absolutely no guarantee that BTC will repeat its January success every month this year.

And of course, he received several replies pointing out that 32% a month was “unrealistic” and that “Nothing goes up in a straight line.”

However, Crypto₿ull added that for those who thought that 32% a month sounded like “madness,” they just needed to look back at 2017.

“To those of you who think 32% monthly sounds like madness. 2017 opened at $960. It reached as high as $19,666 in Dec. That equals an average of 32% every month. Bitcoin gains are the definition of madness.”

In other Bitcoin news today…

An analyst who predicted Bitcoin’s $3,000 2018 bottom expects this next bull run to break a minimum of $14,000 highs.

“took a much needed couple days off to clear the head from a macro POV we can see a very clear 5 wave rise from the 6k lows breaking key down trend. considering the rise from the 2018 lows was also 5 waves we would expect this next bull run to at minimum break the 14k highs”

His Elliot Wave analysis suggests that Bitcoin has a high likelihood of breaking $14,000 — 48% above the current price point of $9,400 — by the middle of 2020, likely around or just after the time of the block reward reduction in May 2020.

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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:

To those of you who think 32% monthly sounds like madness.2017 opened at $960. It reached as high as $19,666 in Dec.That equals an average of 32% every month.

Bitcoin gains are the definition of madness.

— Crypto₿ull (@CryptoBull) January 30, 2020

took a much needed couple days off to clear the head.from a macro POV we can see a very clear 5 wave rise from the 6k lows breaking key down trend.

considering the rise from the 2018 lows was also 5 waves we would expect this next bull run to at minimum break the 14k highs 🐂 pic.twitter.com/KtadWBqBoX

— 🍄🌲Benjamin Blunts🌲🍄 (@SmartContracter) January 31, 2020

Bitcoin Is Up 32% This Month – On Track for $152,000 Year-End?

Analyst Who Predicted Bitcoin’s $3,000 2018 Bottom Says This is Next