MACRO GURU RAOUL PAL FIGHTING THE URGE TO SELL ALL HIS BITCOIN FOR ETHEREUM – HERE’S WHY!!

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BITCOIN ON VERGE OF ENTERING SIX-MONTH BULLISH CHANNEL!

Bitcoin (BTC) awakened from its post-holiday slump, breaking easily above $8,000.

A combination of geopolitical tensions and renewed appetite for trading led the BTC price as high as $8,459.

The most recent Bitcoin price move also shifted the analysis of technical indicators, signaling bitcoin may be ready to follow a bullish scenario.

Three technical indicators suggested a new upward drive may be possible.

Bitcoin managed to bounce off the years-long trend of higher lows.

The second technical factor was a small head-and-shoulders pattern.

In other Bitcoin news today, the BTC price can bounce to $9.5K after filling futures gap according to analysts.

Michaël van de Poppe shared the retracement looked primed to bounce at press time levels.

These, he noted, represented a gap in CME Bitcoin futures prices — around $7,960 — something Bitcoin has historically sought to “fill” on multiple occasions. 

“This flip would be the best + closing the CME gap,” he summarized in his latest Twitter post on Thursday.

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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:

Has a new bull market began in #Bitcoin $BTC? 1. Market held support at lower boundary of multi-yr channel2. Small H&S bottom on daily chart3. Pending penetration of 6+ mo channelIf enough cryptocultists have been shaken out since Dec ’17, then “yes”

If not, then “no” pic.twitter.com/vpKQeOKqLI

— Peter Brandt (@PeterLBrandt) January 8, 2020

$BTC #BITCOINThis flip would be the best + closing the CME gap. Breakout upwards and I’d be aiming for $9,500 (or $11,000 as $9,500 is the same as $6,000 -> everybody wants to short there -> extra fuel).

Losing green and $6,900 – 6,400 are on the table. pic.twitter.com/jBS7jG34Sy

— Crypto Michaël (@CryptoMichNL) January 9, 2020

$BTC Price had an initial rejection off key area $8400s that previously as resistance/supportWatching for a pullback $7800s-$7900s before a bounce and push to the upside for retest

Not out of the bear woods yet, take it level by level, day by day pic.twitter.com/Vby6KexBIQ

— Josh Rager 📈 (@Josh_Rager) January 8, 2020

Bitcoin Bull Run: 3 Reasons Why BTC Will Continue to Surge

https://cointelegraph.com/news/bitcoin-price-can-bounce-to-95k-after-filling-futures-gap-analyst

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Celsius Network chief executive Alex Mashinsky predicts Bitcoin can soar above $140,000 this cycle but only after surviving one last sell-off event. Although the Celsius Network head is short-term bearish on BTC, he expects it to massively rally toward the end of the year after the sell-off.

“After this July sell-off, we should see smooth sailing for the rest of the year as we break new ATH (all-time high) on our way to the $140,000-$160,000 price range per BTC before correcting back to the $90,000 levels to close the 2021 year end.”

In other trending Bitcoin News today: Celsius Network CEO Alex Mashinsky suggested that Ethereum has already started “flippening” Bitcoin in U.S. dollar terms. Mashinsky said that the flippening has already happened on Celsius. “We manage about $17 billion in deposits, or in customer coins, and the number one coin held in dollar terms is ETH,” he said.

“The flippening already happened. Ethereum already surpassed Bitcoin in dollar terms as the total holdings of the Celsius community, and I think that the broader market will follow it in the next year or two. We will see that flippening happening also in the broader market.”

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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://cointelegraph.com/news/ether-already-flippening-bitcoin-says-celsius-ceo

https://cointelegraph.com/news/bitcoin-exchange-supply-hits-a-6-month-low-as-accumulation-continues

https://cointelegraph.com/news/bitcoin-targets-36k-key-wyckoff-level-with-altcoins-set-to-grind-up-heavier

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Bitcoin has the potential to push its prices to between $250,000 and $350,000 by the end of 2021, a long-standing fractal suggests.

The analogy appeared in anticipation that Bitcoin could post a 2017-like bull run, in which the BTC price rose by more than 1,900%.

First spotted by pseudonymous analyst Bit Harington, the bullish setup drew its inspirations from Bitcoin’s secular bull runs every time after halvings when the miner block reward gets cut in half. 

Cointelegraph Markets analyst Michaël van de Poppe reacted to Harington’s fractal theory, adding that it would lead the Bitcoin prices to the $250,000-$350,000 range.

“This makes a ton of sense and in line with my ideas too. 

Somewhere 2017 we are. Heavy breakout to come at a later stage to ~$250-350K and then landing on $65K in the bear market for Bitcoin.”

In other trending Bitcoin News today: Another Week of Institutional Accumulation: CoinShares Sees $42 Million Weekly Crypto Inflows!

Institutional investors have kept accumulating cryptocurrencies for five weeks in a row now, according to CoinShares’ latest report.

Digital asset investment products saw inflows totaling $42M last week. Inflows were seen across all digital assets and signals what we believe to be continued improving sentiment amongst investors.

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🔥 [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:

https://cointelegraph.com/news/bitcoin-heavy-breakout-fractal-suggests-btc-price-can-hit-250-350k-in-2021

https://medium.com/coinshares/volume-47-digital-asset-fund-flows-weekly-973795359933

https://cryptopotato.com/another-week-of-institutional-accumulation-coinshares-sees-42-million-weekly-crypto-inflows/

https://dailyhodl.com/2021/09/20/more-than-1000000-el-salvador-citizens-now-use-bitcoin-just-days-after-making-btc-legal-tender/.%20%20%20%20Shao-Me

https://dailyhodl.com/2021/09/20/crypto-markets-nosedive-heres-how-far-bitcoin-can-fall-before-analyst-justin-bennett-flips-bullish-on-btc/.%20%20US%20Dollar%20Index