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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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POST HALVING, BITCOIN WILL STILL SURGE TO ,000: WALL STREET BILLIONAIRE | BTC Mania in June
âĄïžÂ REPLAY â TEEKA TIWARI â 5 Coins To $5 Million: http://final5.cryptonewsalerts.net
TOP INVESTOR STILL EYES $20,000 BITCOIN PRICE
Yesterday, the infamous 2020 Bitcoin Halving finally came to pass.
Unlike optimists expected, the market didnât pump in the wake of this event. Instead, BTC is actually down more than 15% in the past three days, having rallied as high as $10,100 on Thursday.
Yet this drop has not stopped a prominent Wall Street billionaire from predicting the Bitcoin price will rally towards $20,000 by the end of the year.
Speaking to CNBCâs âFast Moneyâ panel in the wake of the halving, Galaxy Digital chief executive officer Mike Novogratz held his bullish tone on the leading cryptocurrency.
He asserted that with all of the stimulus by governments, along with the record amount of liquidity operations by central banks, Bitcoin could climb towards $20,000 by the end of the year.
Along with the positive macro outlook, Novogratz noted that Paul Tudor Jones, the legendary macro hedge fund investor, entering the Bitcoin space is especially notable.
This point was not expanded on, but many in the space believe that the investorâs entrance of the space is one of the most bullish things to happen to the cryptocurrency.
The idea goes that because Jones is now in Bitcoin (and in the space publicly), other investors that were sitting on the fence are more likely to flock to buy Bitcoin now.
In other trending Bitcoin News today:
Top Analyst Predicts Bitcoin (BTC) Mania in June, Sparking Fast and Volatile Push to All-Time High
A prominent crypto strategist who accurately called the bottom after the coronavirus-induced sell-off in March says heâs long-term bullish on Bitcoin, but not before the worldâs leading cryptocurrency whipsaws traders.
In a tweetstorm, pseudonymous trader Bitcoin Jack says that he expects volatility to reign for the rest of the month before Bitcoin accelerates in June.
âKey requirements in May for my thesis: decent buy pressure this week with resistance between $10,500 to $11,000, sell-off into strong support at $9,000 â $9,500 that holds. That would complete a running flat. If so, it is a recipe for an end of May / June rally.â
Should Bitcoin follow the script, the crypto analyst says BTC will begin to rise next month in a rally that ignites FOMO, mania and media attention en route to $15,000.
After the rally, Jack expects the top cryptocurrency to correct and form a base which would set the stage for a massive bull run to $20,000.
âI expect support ($9,000 â $11,000) to form by August. If my earlier thesis is correct, we should then rally towards previous ATH by Dec/Jan.â
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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:
Post Halving, Bitcoin Will Still Surge to $20,000: Wall Street Billionaire
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0,000 BITCOIN PRICE IS INEVITABLE THANKS TO A CRITICAL MASS OF LONG TERM BTC HODLâers!!
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Determining the true Bitcoin value can be more complicated than simply looking at the current BTC market price.
âMost Bitcoins already cost at least $100,000, but probably more like $10 million,â said Michael Goldstein, also known as Bitstein, in an Aug. 17Â tweet.Â
While the Bitcoin price sits around $12,000 at this time, many folks in the crypto industry likely value the asset at a much higher price tag.
If someone buys a BTC at $10,000, but is unwilling to sell it until the asset reaches $100,000, then the price tag of that Bitcoin is naturally much higher than its current market value.
This then begs the question: How many Bitcoin are currently worth $100,000?
At the start of the year, 64% of Bitcoinâs circulating supply had remained in the same wallets since 2018, which seems to suggest that most BTC has a higher valuation than current market prices indicate.
According to Goldstein, many of Bitcoinâs largest bag holders value the asset between $100,000 and $10 million.
These numbers sit in line with a bevy of price predictions from various authorities over the years.
On March 5, 2020, Bitcoiner Max Keiser predicted Bitcoin shooting up to $100,000 in 2020 as fueled by COVID-19 repercussions.
Other notable names across the industry also predicted prices above $100,000 for Bitcoin at some point, including Morgan Creek Digital co-founder Anthony Pompliano, BTC stock-to-flow model creator PlanB, and cryptographer Adam Back, among others.
In other trending Bitcoin News today:
Million-Dollar Bitcoin Whale Says Traders Should Track Two Altcoins in Addition to BTC
An outspoken Bitcoin whale who rarely shows affection for anything other than BTC says two crypto assets have potential.
The pseudonymous trader known as Joe007 says UNUS SED LEO (LEO) may be a solid pick for investors looking to diversify their crypto portfolio.
âIn a sane world, extremely low correlation by LEO would make it a desirable diversification instrument when it comes to constructing crypto portfolios. But of course, crypto traders are too busy chasing the latest shitcoin-du-jour pump to even take a notice.â
LEO is an ERC20 utility token that operates on the Ethereum and EOS blockchains.
LEO holders enjoy multiple benefits on the crypto exchange Bitfinex including taker fee reduction, lending fee reduction, and discounts on crypto and fiat deposits and withdrawals.
Joe, who is known for placing large bets on the crypto exchange Bitfinex, says another coin on his list is Binance Coin (BNB).
The trader says the token offers a use case that sets it apart from other crypto assets.
Binance Coin is a utility token issued by crypto exchange Binance. BNB holders get discounts when using the coin to pay for trading fees on Binance and Binance DEX.
Holders can also use BNB to pay for goods and services to select merchants.
Because demand for both BNB and LEO is driven in part by the performance of their respective crypto exchanges, Joe says they have an additional potential use case aside from simply being a digital form of money.
âI wouldnât consider LEO or BNB shitcoins, actually â as they are not trying to be money (âcoinsâ) in the first place. If anything, they are equity-like centralized crypto assets.â
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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:
It’s an interesting thought experiment. What is the closest price it would take for you to sell all your bitcoins right now, on the condition you could never own any ever again?
â Senuto Cryon (@senutocryon) August 18, 2020
Most bitcoins already cost at least $100k, but probably more like $10 million.
â Michael Goldstein (@bitstein) August 18, 2020
ICYMI: #bitcoin is nicely moving away from 200 week moving average. 200WMA is currently $6400, is increasing $200 per month, and has never decreased. Best of all, BTC monthly close has never been below 200WMA. pic.twitter.com/c21W1kVDiv
â PlanB đŽ đŽ đŽ (@100trillionUSD) August 19, 2020
https://cointelegraph.com/news/98-of-all-bitcoin-is-now-worth-more-than-when-you-bought-it
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BITCOIN NOW TARGETING $100K, PREDICTS VETERAN TRADER â HEREâS HIS TIMELINE! EL SALVADOR BUYS BTC DIP
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Veteran trader Tone Vays says Bitcoin is now in the process of targeting $100,000 per BTC within the coming months.
Vays says he sees Bitcoin threatening to take out its all-time highs potentially early next month before making a parabolic move into the six-figure price range by the time 2022 rolls around. He posits that BTC could explode in October the same way it did in 2013.
âJust like before, in early October or mid-October, I expect us to start challenging the prior all-time highs and then a huge run-up at the end of the year. Like mid-October into late December, Iâm expecting us to go from that $65,000 all the way to $100,000. That is still my target.â
In other trending Bitcoin News today: El Salvador Now Owns 700 Bitcoin As President Bukele Buys BTC Price Dip!
El Salvadorâs President Nayib Bukele confirmed via Twitter Monday that the Latin American nation has bought the âBitcoin price dip,â exchanging dollars for Bitcoin at a time he believes it remains undervalued by the global market.
The price of Bitcoin was around $45,700 dollars at the time of Bukeleâs tweet announcing the purchase, down from highs near $50,000 earlier in the week.
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Ledger: âș 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:
âWe are in a war against bitcoin,â says Turkeyâs president
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