THIS BITCOIN BUY INDICATOR SHOWS THE BTC PRICE IS READY TO EXPLODE!!!!!

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PlanB, creator of the Bitcoin stock-to-flow (S2F) model, says the Bitcoin price is unlikely to dip below $8,200 even as the top-ranked cryptocurrency has dropped 13% over the last one week.

The BTC price has fallen below the $9,000 mark. Taking to Twitter on Wednesday (February 26, 2020), PlanB identified $8,200 as the likely bottom for the current downward slide.

PlanB’s tweet reads:

“$8.2k bottom still stands. It would really be unprecedented if it breaks, never happened before. Note it has nothing to do with s2f.”

Thus far, PlanB’s S2F has been the most historically accurate Bitcoin price prediction model with a forecast of $100,000 per BTC before the end of 2021.

PlanB’s latest tweet is a reiteration of predictions offered earlier in February, stating that the Bitcoin price would stay above $8,200 and that the post halving BTC price will be above $10,000.

Over the last three days, Bitcoin (BTC) has lost over $1,000 and is down close to 18% since been unable to overcome resistance at the $10,600 price level.

Despite the current slide, the Bitcoin price is still up by more than 20% since the start of the year.

‘Rationalized Bullshit’ – Vitalik Buterin Pans Bitcoin Price Forecasts

Ethereum (ETH) co-founder Vitalik Buterin does not believe that the popular stock-to-flow model is useful for predicting the BTC price.

In a Twitter debate on Feb. 27, Buterin became the second well-known figure to criticize stock-to-flow, which calls for BTC/USD to trade at an average $100,000 between 2021 and 2024.

The model has been historically accurate at predicting Bitcoin’s growth and currently calls for an average of around $8,606.

After trading at more than 20% higher, Bitcoin this week fell to within $200 of that target.

For Buterin, however, stock-to-flow is a prediction model like any other. 

Discussing press articles that attribute specific events to Bitcoin price growth, he claimed that the vast majority were “post-hoc rationalized bullshit.”

“Your daily reminder that 95%+ of articles of the form “event X will make crypto go (up | down)” are post-hoc rationalized bullshit,” he wrote.

When asked specifically whether stock-to-flow articles also came under that banner, Buterin added: “Nah, that stuff is part of the 95%.”

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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:

*** Update: my 2 sats on #bitcoin price:– 2020: btc stays above $8200 (so we are NOT dropping to $6k or $4k levels that others are predicting now)– May 2020 halving: will be above $10k

– 2021: bull run starts after the halving and tops $100k before Dec 2021#NotFinancialAdvice https://t.co/Zkkma4ZBSd

— PlanB (@100trillionUSD) February 10, 2020

Bitcoin Price Won’t Fall Below $8.2K During This Crash: PlanB

https://cointelegraph.com/news/rationalized-bullst-vitalik-buterin-pans-bitcoin-price-forecasts

https://cointelegraph.com/news/price-of-bitcoin-drops-after-150-million-liquidated-on-bitmex

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Former Goldman Sachs hedge fund manager Raoul Pal Says he’s preparing for Bitcoin (BTC) to hit $1,000,000 in as little as three years.

In the latest economic report from Global Macro Investor, Pal covers a litany of devastating figures on the state of economies around the world, from rapidly rising unemployment numbers in the US to plummeting retail sales in China.

He says a sharp V-shaped recovery is highly unlikely. “I think that growth will not recover meaningfully from this massive economic hit.

I think the narrative of hope is false hope. I would handicap a U-shaped recovery at 30%. I’d handicap a full debt deflation at 70%. Yeah. 70%.”

He expects baby boomers to “sell every rally they can to protect their last, rapidly diminishing nest egg.”

After that, he predicts boomers will stop spending, triggering slower growth and contributing to a mounting debt crisis. According to Pal, the only answers to the impending calamity are gold and Bitcoin.

“Gold is the protection of our assets. Bitcoin is the call option on the future system. Both are going to save us and probably make us rich… Gold can go up 3x or 5x in the next three to five years. Bitcoin, well, that’s a different story. I think [BTC] can get to $1 million in the same time period.”

Pal says gold now has a $15 trillion market cap, if assets that reflect the price of gold on paper are included. By that logic, and considering his bullish stance on gold’s future growth, Pal says it’s realistic to expect the Bitcoin price could rise to a $10 trillion market cap.

“Would it be crazy for Bitcoin to have a $10 trillion valuation? After all, it isn’t just a currency or even a store of value. It is an entire trusted, verified, secure, financial and accounting system of digital value that can never be created outside of the cryptographic algorithm.

It is nothing short of the future of our entire medium of exchange system, and of money and the platform on which it operates… I think this is the biggest trade of our lifetimes and just at the time when we need it most.”

Pal cautions that forecasting years into the future is a “complex and risky affair” and only time will tell if his theories are accurate. For now, Pal says he’s buying Bitcoin every day.

However, he’s not going all-in on the extremely risky asset, which is known for its dangerous volatility and violent moves to the upside and downside.

“The allocation I am personally aiming for, on my total available liquid assets, is 25% trading investments, 25% cash (all dollars), 25% gold and 25% Bitcoin.”

In other trending Bitcoin News today:

2 Key Technical Reasons Why a Bitcoin Rally to at Least $8K Is Likely

The BTC price has seen a strong rebound from $6,800 to $7,600 within a four-day span, recording a 12% increase.

Two technical factors are likely to push BTC to $8,000 in the near-term as traders anticipate a strong weekly close.

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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/2-key-technical-reasons-why-a-bitcoin-rally-to-at-least-8k-is-likely

https://drive.google.com/file/d/1nWQVpbyeVqwB1qHHVXs1G19b9_iUvrX9/view?usp=sharing

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We can expect the Bitcoin price to shatter $100,000 on this ‘exact date’ according to one of the most controversial BTC analysts in Crypto.

Using the stock-to-flow model (S2F), which divides the amount of Bitcoin in circulation by the amount of BTC mined per year, PlanB believes BTC is set to be over $100,000 on August 16th, 2021. 

The high-profile crypto analyst retweeted a post from Dutch entrepreneur Marc van der Chijs on the viability and timing of the S2F model.

“Most people think this is impossible, but I have seen a 1,000% increase in less than a year at least twice before in BTC (2013 & 2017). S2F is holding up pretty well after the halving, if FOMO will start again, anything is possible.” 

PlanB was the first analyst to apply the S2F model to Bitcoin.

Although it has plenty of critics, predictions from the model have so far been highly accurate. 

Over the weekend, the quantitative analyst told his 123,000 Twitter followers that the stock-to-flow ratio continues to be in step with Bitcoin’s price action.

“3rd red dot (currently $11,850) above 2nd red dot (bitcoin July close $11,356) and above 1st red dot (June close $9,132)… next target: December 2017 ATH close $14,000.”

In other rending Bitcoin News today:

ANALYST: BITCOIN COULD SURGE TO $17,000 ONCE THIS CRUCIAL LEVEL IS BROKEN

Analysts are now closely watching to see how BTC continues responding to $12,000, as it has yet to catalyze any sharp selloff during this latest push higher. While speaking about Bitcoin’s near-term outlook, one analyst explained that in an optimistic scenario, the crypto’s price could push as high as $17,000.

That being said, he also notes that there are hurdles in the way, with $13,000 being the first region he is watching.

“Bitcoin: Given the significance of this level, I’m starting to think this is becoming a very likely scenario. However, a clear break and flip of $12K are continuations towards $13K and possibly $15-17K area.”

For this possibility to play out – or even come close to coming to fruition – it is imperative that Bitcoin breaks past $12,000 with decisive force.

EX-PRUDENTIAL CEO DOES A U-TURN: IT IS TIME TO BUY BITCOIN

In an interview with Fred Katayama of Reuters, Mr. Ball, who currently serves as the Chairman of the investment firm Sanders Morris Harris seemed to showcase a more positive stance towards Bitcoin.

Previously, George was a hater of the world’s top cryptocurrency and blockchain technology.

But now he thinks that Bitcoin makes for an attractive long-term investment. According to him:

“…it’s where many people will turn after Labor Day…” Ideally, as an investor, he would either want “to make a safe haven for my money or a short-term speculative bet.”

The ex-Prudential boss remarked that the current scenario in stock markets is boring, and the ‘liquidity flood’ is the only thing that’s keeping things afloat.

But that will soon end. Mr. Ball said that the continuous flurry of stimulus packages would eventually return to bite back the government, and added that: He thinks that ‘traders and investors should realign their portfolios substantially,’ and allocate sections of their portfolios to Bitcoin.

Why? Because BTC’s “…something that can’t be undermined by the government, and it won’t become worthless…” And that’s why wealthy traders and investors could probably turn to Bitcoin, as ‘there are no yields today.’

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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:

$BTC #BITCOINGiven the significance of this level, I’m starting to think this is becoming a very likely scenario.

However, a clear break and flip of $12K are continuations towards $13K and possibly $15-17K area. pic.twitter.com/jSeAuyRhCp

— Crypto Michaël (@CryptoMichNL) August 15, 2020

No, $288k is the average in roughly mid2020-mid2024

— PlanB 🔴 🔴 🔴 (@100trillionUSD) August 17, 2020

Most people think this is impossible, but I have seen a 1000% increase in less than a year at least twice before in BTC (2013 & 2017). S2F is holding up pretty well after the halving, if FOMO will start again anything is possible. https://t.co/rOf63ud0zK

— Marc van der Chijs – new account (@marcvanderchijs) August 16, 2020

Analyst: Bitcoin Could Surge to $17,000 Once This Crucial Level is Broken

https://cryptopotato.com/ex-prudential-ceo-does-a-u-turn-it-is-time-to-buy-bitcoin/