AMAZON ‘DEFINITELY’ LINING UP BITCOIN PAYMENTS ‘BY YEARS-END’ AND ITS OWN TOKEN, CONFIRMS INSIDER!!!

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A statistician who accurately predicted that the Bitcoin price will flash dump amidst a global economic crisis now hopes for a significant BTC price rebound.

Willy Woo, an on-chain analyst who in 2018 forecasted that investors would unwind their leveraged Bitcoin positions to seek safety in the US dollar, says the cryptocurrency is looking for a bottom.

“Dump then [the] moon,” he tweeted. “We are undergoing flight to safety right now, BTC is looking for its bottom. But know that once the bottom is in there are strong bullish pressures ahead. It’s this economic environment in the years ahead that Bitcoin was built for.”

Mr. Woo thinks Bitcoin is behaving as Gold did during the housing and credit bubble burst.

The yellow metal in 2018 plunged by up to 33.96 percent even as the stock market bust raised opportunities for it to behave as safe-haven.

However, investors moved into other offbeat hedging assets, mainly the US dollar.

Gold bottomed-out at $681.75 in October 2018, followed by a steep uptrend that took its value to $1,703.60 earlier this March.

Nevertheless, the Coronavirus-led sell-off prompted the metal to rebound by as much as 14.80 percent. So it appears, bitcoin plunged in a similar fashion.

“Flight to safety: everything else sells off to USD,” Woo reminded investors. “[It is] then used to unwind leveraged positions. Afterward, havens like Gold and [Bitcoin] have a bull run.”

$566,900,000 in Bitcoin (BTC) on the Move As Report Suggests Coordinated Whale Action Behind Crypto Market Crash

A flurry of Bitcoin whale activity is underway as the price of BTC climbs back above $5,200.

In the last 24 hours, some of Bitcoin’s biggest investors have moved a total of 107,209 BTC worth $566.9 million at time of writing.

The largest single transaction sent 47,846 BTC worth $252.2 million between two wallets of unknown origin.

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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 definitively looks like we are heading in that direction. What has been happening in the last few weeks is just incredible.

There’s also nothing wrong in $BTC moving up and down with risk assets in such a black swan event.

— Alex Krüger (@krugermacro) March 17, 2020

This big dent in the price chart will lengthen the time till we hit the next bull market top (Top Cap model), more time means a higher top. pic.twitter.com/pdhyliUzl7

— Willy Woo (@woonomic) March 18, 2020

Dump then moon. We are undergoing flight to safety right now, BTC is looking for its bottom. But know that once the bottom is in there are strong bullish pressures ahead. It’s this economic environment in the years ahead that Bitcoin was built for. https://t.co/ILn3aXTJXG

— Willy Woo (@woonomic) March 18, 2020

Statistician Who Predicted Bitcoin Crash Says Its Price Will Moon

https://cointelegraph.com/news/bitcoin-hodlers-not-to-blame-for-record-50-price-plunge-data-reveals

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Crypto trader and influencer Elliot Wainman is sharing his thoughts on the Bitcoin price potential, asserting that the asset is nowhere near its bull cycle top. The cryptocurrency analyst predicts that the flagship digital asset could reach a price of $1 million per BTC once the Bitcoin super cycle really kicks off.

“As we enter into May of 2021, which many people feel like might be towards the end of this bull run, I can’t help but feel like we’re on the brink of really crossing the chasm into a Bitcoin super cycle that would not only bring in hundreds of millions, if not billions of users, into crypto but would most likely send Bitcoin to astronomically new highs of hundreds of thousands, maybe even close to that hallowed ground of a $1 million Bitcoin.”

In other trending Bitcoin News today: Bullish ETH/BTC Pair Revives The Ethereum ‘Flippening’ Discussion

While Bitcoin continues to struggle below the $55,000 resistance level, the ETH/BTC pairing has started climbing higher in a move that was predicted by multiple analysts, including Real Vision CEO Raoul Pal. The bullish movement in the ETH/BTC pair has also reignited conversations about Ether price eventually flipping BTC.

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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/key-bitcoin-price-metric-flashes-its-first-bullish-signal-in-4-months

https://cointelegraph.com/news/bullish-eth-btc-pair-revives-the-ethereum-flippening-discussion

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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