CUBA TO RECOGNIZE AND REGULATE BITCOIN AND OTHER CRYPTOS!!!! BTC EVENTUALLY GOES TO $14 MILLION!!!!

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Popular crypto analyst and trader Kevin Svenson is saying that Bitcoin is due for a steep rally to the six-figure level as BTC follows a widely-known pattern in the equities market.

“George Lindsay says the basement is essentially a bear trap… So it would actually be a good bear trap if we did actually continue with a move up to the first floor and that would mean over the next month or two, we would expect a move back up toward the $50,000 to $60,000 to form our first floor. And this could potentially lead us to into a final mania phase all the way up to the $200,000 level.”

In other trending Bitcoin News today: Adoption And Scarcity To Fuel A Bitcoin Run To $100K!

Despite having fallen by nearly 30% since its November all-time high, Bitcoin is in a consolidating bull market and on its way to $100,000, according to a Bloomberg Intelligence report. The paper said it is unlikely that BTC’s bull run has come to a halt and predicts the fixed supply to sustain increasing prices.

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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:

Crypto Bull Cathie Wood Says Ethereum Is More Undervalued Than Bitcoin

https://bitcoinmagazine.com/business/bitcoin-to-hit-100000-in-2022-bloomberg-report

https://cointelegraph.com/news/bitcoin-price-dip-may-end-wednesday-as-bitfinex-bids-hint-at-fed-buy-the-news-plans

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

The Bitcoin price is heading to at least $100,000 during the bull cycle which has already begun, one of the industry’s best-known analysts has confirmed.

Speaking to RT financial news show the Keiser Report on March 3, Willy Woo described the BTC price hitting $135,000 as a “common-sense prediction.”

Woo to Keiser: BTC could soon clinch $250K

Woo highlighted the cumulative average Bitcoin (BTC) price as a particularly effective metric for forecasting future gains. 

“You go could 35 times the cumulative average of the price — and that’s actually picked every single top in the ten-year history of Bitcoin — right now that’s sitting above $50,000, but it keeps climbing the longer it runs for,” he told host Max Keiser.

Explaining that Bitcoin ebbed and flowed in line with the four-year cycles of its block reward halvings, Woo likened new highs in BTC/USD to water “sloshing” in a bathtub.

“If you make a best guess, it’s above $100,000; I think one of the more common-sense predictions would be around $135,000 based on the timing cycleture and the 35x of average cap,” he continued.

“I’m looking at around the $100,000 to $250,000 range depending on how long this bull market runs.” 

In other Crypto news today:

India’s Supreme Court (Effectively) Unbans Bitcoin & Crypto Per excerpts of the Bloomberg article shared by Three Arrows Capital’s Su Zhu, judges today ruled that the Reserve Bank of India was wrong in banning banks from offering services to those that dabble in cryptocurrency.

Commenting on this decision, Joe McCann, a prominent cryptocurrency analyst and an AI/cloud specialist at Microsoft said in a message published to his Telegram channel:

“If true, India is nearly as big as China. That would open up a potentially large market for Bitcoin buyers…”

Indeed, prior to the restrictions placed on the cryptocurrency industry, India was a hotbed for innovation regarding this industry.

Thus, a de-escalation of said restrictions by the regulators could revive Bitcoin investment and the level of technological developments for other projects.

NewsBTC’s very own Joseph Young said that this “will be the biggest news of the year,” likely referencing the abovementioned sentiment.

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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’s hash rate has hit another all-time high.This has happened in the face of a potential pandemic, absolute chaos in the public markets, and helicopter money being distributed in Hong Kong.

Bitcoin doesn’t care about anything other than doing what it was built to do. pic.twitter.com/q5VF2AFn0D

— Pomp 🌪 (@APompliano) March 3, 2020

India’s Supreme Court Just Made an Extremely Bullish Ruling For Bitcoin

https://cointelegraph.com/news/bitcoin-hash-rate-passes-record-150-quintillion-as-price-reclaims-9k

https://cointelegraph.com/news/bitcoin-hitting-135k-this-bull-cycle-is-common-sense-willy-woo

💰 Get FREE $100 In Bitcoin When You Open Tax-Free IRA Crypto Account With iTrust Capital: http://itrust.cryptonewsalerts.net

In this exclusive interview with CMDX founder Tom McMurrain, the early cryptocurrency adopter predicts Bitcoin to 10-20x in value by the year 2026, which suggest a $580,000 – $1,160,000 BTC price.

He also reveals his bullishness for Ethereum, saying he sees the leading smart contract platform growing 100x bigger than it is right now suggesting a $400,000 ETH price. 

“I think we’re gonna hit the tipping point of people having wallets by the end of 2023. That means that 13% of the world has a cryptocurrency wallet. 

Then I see from 2023 – 2026 is when mass adoption occurs. Realistically we’ll peak out at 10 years later so 2030 is what I’m looking at.”

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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.