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Right now, with the Bitcoin market cap sitting just under $1 trillion, BTC is only a very tiny fraction of the worldâs assets combined. So in the grand scheme of crypto, this is why many analyst believe weâre still so early.
âIf Bitcoin captures just 5% of the market cap of other assets on this chart, itâll be worth over $2M/coin.â
In other trending Bitcoin News today: Bitcoin bears lack âballsâ to continue selling into 2022!
BTC bears will probably be too âstonelessâ to keep prices down much longer, fresh Bitcoin price analysis argues.
In a Twitter series published Dec. 18, popular account Light summarized the events which led to Bitcoinâs recent 39% correction.
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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/bitcoin-and-ether-heading-100k-and-5k-in-2022-bloomberg-intelligence
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Bitcoin Price to Hit K or K Next? Crypto Traders Discuss Macro Signs | India Plans BTC Ban
âĄïžÂ Teeka Tiwari â Investment of the Decade:  http://2020.cryptonewsalerts.net
The Bitcoin price is still struggling to break out above $10,000Â following three failed attempts over a 36-day period.
Traders remain mixed on the short-term BTC price trend as macro indicators suggest varying trends.
Many traders believe the price of Bitcoin is primed for a rally above the multiyear resistance level of $10,500, which would confirm the end to a two-year price cycle and the start to a newfound rally.
Others foresee the price of Bitcoin falling all the way to the $6,000â$7,000 range in the near term, given the three consecutive rejections of the same range in between $10,000 and $10,500 spanning over a month.
Historical data shows that declining volatility and volume suggest a large Bitcoin price movement will likely occur in the near term.
For instance, the price of Bitcoin in early September 2019 was hovering around $10,500 to $10,800.
At the time, the volume of both futures and spot markets declined substantially compared with the previous two weeks.
By the end of October, after a month of consolidation, the price of Bitcoin dropped from $10,800 to $7,300, recording a 32% pullback within two months after weeks of low volatility.
The bullish scenario for Bitcoin in the short term Traders generally anticipate a Bitcoin upsurge in the near term due to three main reasons: a compelling technical structure, an increase in the number of long-term holders and a rapidly growing hash rate.
According to Michael van de Poppe, a full-time Amsterdam Stock Exchange trader, the short-term trend of Bitcoin is optimistic as long as the price remains above $9,100.
The $9,100â$9,300 range has served as a strong support area for Bitcoin since May.
If the price holds $9,100 and breaks above $10,500 once again, van de Poppe emphasized that $12,000 is likely next.
He said: âIf we break $10,000, next level is $10,500. If we break $10,500, next level is $11,500-12,000. Crucial level to hold; $9,100-9,300.â
Similarly, cryptocurrency trader Nunya Bizniz said earlier this month that the following levels are the most important for BTC to see a prolonged rally:
* $10,000: a resistance and psychological barrier;
* $10,500: first higher high, change to market structure;
* $11,600: last three cycles, a monthly close is above a key technical level at 50% Fibonacci retracement; and
* $14,000: a close above a monthly all-time high indicates an attempt at BTCâs record high.
In other trending Bitcoin News today:
INDIA PLANS BITCOIN BAN EVEN AS ITS BANKING SYSTEM GRADUALLY COLLAPSES
The Indian government may ban Bitcoin. According to a report by Economic Times, the countryâs finance ministry has sent the proposal for inter-ministerial consultation.
The department then expects to forward the plan to its top cabinet, which operates directly under Prime Minister Narendra Modi. The move further allows the motion to be tabled as a bill in the parliament.
âWhile we have recognized⊠the power of Reserve Bank of India to take preemptive action, we are testing in this part of the order the proportionality of such measure, for the determination of which RBI needs to show at least some semblance of any damage suffered by its regulated entities. But there is none.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:
$BTC #BITCOINSlight wick now, which is fine.If we break $10,000, next level is $10,500.If we break $10,500, next level is $11,500-12,000.Crucial level to hold; $9,100-9,300.
Check it here:https://t.co/nCn6H1LjY5 pic.twitter.com/TxxsVk0GrB
â Crypto MichaĂ«l (@CryptoMichNL) June 10, 2020
BTC overhead stepping stones:1. $10K â Resistance & psychological barrier2. $10.5K â 1st higher high, changes market structure.3. $11.6K â Last 3 cycles, a monthly close above 50% Fib retracement = đ
4. $14K â A close above monthly ATH close always = đ
â Nunya Bizniz (@Pladizow) June 1, 2020
The government needs to stop this madness of deciding whether they want to ban crypto or not. Either do it so we can fight it or come up with better regulations instead of throwing a news byte every few days creating panic in public.
Aadmi kare to kya kare?
â Naimish Sanghvi (@ThatNaimish) June 12, 2020
Evidence of buyer interest around $btc M.O.This level got front run on recent dumps. Sellers just don’t have what it takes to push price down.
Longed. pic.twitter.com/LDyjNYJQDn
â Mohit Sorout đ (@singhsoro) June 11, 2020
India Plans Bitcoin Ban Even as Its Banking System Gradually Collapses
https://charts.woobull.com/bitcoin-hodl-waves/
https://cointelegraph.com/news/bitcoin-price-to-hit-12k-or-8k-next-btc-traders-discuss-macro-signs
Post Views: 332 -
Sweeping Crypto Report Predicts Bitcoin Rise to 7,000 | BTC Roaring Toward Exponential Bull Run
âĄïžÂ Teeka Tiwari â Investment of the Decade:  http://2020.cryptonewsalerts.net
A sweeping new crypto report on the future of Bitcoin predicts the BTC price could rise to $397,000 â but it wonât happen overnight.
The latest analysis from the Liechtenstein-based Crypto Research Report, led by former cryptocurrency fund manager and Forbes 30 under 30 member Demelza Hays, assesses BTC based on its target addressable market (TAM).
The term is used to describe the overall revenue opportunity for a given product or service.
The report assumes Bitcoinâs use as a currency will outshine altcoins such as Ethereum, Bitcoin Cash, and Litecoin in the long run, and the firmâs analysts say BTC is likely at the very start of its adoption curve, with major upside potential in the decade to come.
The firm says its analysis is based on modest market penetration assumptions, meaning the cryptocurrency will penetrate 10% of the entire target addressable market, which includes store of value, remittance, offshore deposits, gaming, online gambling, unbanked financial services, lending, micropayments, crypto trading, and more.
âThe target addressable market for crypto assets is approximately $212 trillion. The largest use cases include medium of exchange including all global fiat currencies worth $126 trillion and consumer loans with a global value of $42 trillion. If Bitcoin penetrated 10% of this market over the next ten years, each Bitcoin would be worth $397,000 in 2030.â
The report also analyzes Bitcoinâs transaction velocity, the state of privacy coins, and Tetherâs impact on the price of BTC.
As for the altcoin market, the firmâs analysts look at the potential prices of four leading crypto assets over the next decade, forecasting Ethereum could hit $3,644 by 2030.
The report shows Litecoin targeting $2,252, Bitcoin Cash aiming at $13,016, and Stellar targeting $7.81 in the same time frame.
In other trending Bitcoin News today:
Bitcoin (BTC) Roaring Toward Exponential Bull Run, Says On-Chain Analyst Willy Woo
Crypto strategist and influencer Willy Woo says Bitcoin is ready to launch its next exponential bull.
In a viral tweet, Woo tells his 132,000 Twitter followers that the king cryptocurrency was primed to ignite a bullish onslaught in March until Covid-19 âkilled the party.â
But the on-chain analystâs new model, which signals the possible start of a new bull cycle, suggests that BTC may begin another bull run in July.
âThis is a new model Iâm working on, it picks the start of exponential bull runs.
1) Bitcoin was setting up for a bullish run until the COVID white swan killed the party.
2) This model suggests we are close to another bullish run. Maybe another month to go.â
Woo says the bull market delay brought about by the pandemic will turn out to be a welcome development for the largest cryptocurrency.
He says the long base-building process is serving as rocket fuel for BTC. âThe longer this bull market takes to wind up, the higher the peak price (Top Cap model). A long sideways accumulation band is ultimately a good thing.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:
This is a new model I’m working on, it picks the start of exponential bull runs.1) Bitcoin was setting up for a bullish run until the COVID white swan killed the party.
2) This model suggests we are close to another bullish run. Maybe another month to go. pic.twitter.com/wmoEdMVywF
â Willy Woo (@woonomic) June 27, 2020
https://cryptoresearch.report/wp-content/uploads/2020/06/Crypto-Research-Report-June-2020-ENG.pdf
Post Views: 413 -
MAX KEISER SAYS BITCOIN WILL âGOBBLE UP ALL FIATâ AND RISE OVER 0K!! BTC PRICE PREDICTION!
âĄïž REPLAY: âThe Crypto Catch-Upâ â http://teeka.cryptonewsalerts.net
Bitcoin Pioneer Max Keiser, host of the Keiser Report went on record sharing, âBTC is the monetary black hole that will gobble up all fiat and rise to more than $100,000 doing itâ back in 2018.
In fact Max has been telling his audience to buy Bitcoin since 2011, back when the cryptocurrency was trading at just $1.
In regards to his most recent BTC price prediction, Keiser shared on Crypto Twitter:
â$20,000 will get sliced through easily â then a pop to $28,000.â
Breaking News: The Bitcoin Price Has Only Been Higher Than Now For 12 Days In BTC Historyâ
The Bitcoin (BTC) price, which is currently sitting at $16,320, has only been at this level or higher for 12 days in the coinâs entire 4,332-day history, representing just 0.28% of the cryptocurrencyâs life.
Crypto analytics platform Messari published data stating that the closing price had exceeded $16,320 only on 12 other days, 10 of which occurred from Dec. 7 to 20 in 2017, with the highest close occurring on Dec. 16 at $19,378.Â
Any investor who bought at the all-time high of $20,089 would still be down 18.35%. In contrast, investors who bought at this cycleâs low of $3,126 on Dec. 15, 2018, would be up 424%.
Of the other top 10 coins, only Chainlink (LINK) comes remotely close to Bitcoin, with the coin sitting above the current price of $12.70 for 2.7% of its life.
By contrast, the majority of altcoins are yet to enter proportionally rare price ranges. Etherâs (ETH) current price of $464 has been exceeded 201 days in the past, representing more than 10% of the entire 1,933 days since the Ethereum network went live.
XRP, Bitcoin Cash (BCH), Litecoin (LTC), Binance Coin (BNB), Polkadot (DOT) and Cardanoâs ADA prices all vary between 9.7% and above 30%. BCH exceeds all other coins sitting above the current price of $258 for at least one-third of its life.
Bitcoinâs strong rise past $16,000 has also seen record volumes recently. With more than $5.5 billion in Bitcoin trading volume recorded on Nov. 5, only nine days have seen stronger volume in Bitcoinâs history.
Compared to this day in previous years, investors have seen profits of 88%, 2,275%, 4,326% and a staggering 5,833,991% for the years of 2019, 2016, 2013 and 2010, respectively.
In other words, investing $1 into Bitcoin on November 13, 2010, would have increased to $58,339 today.
In other trending Bitcoin News today:
âImpending CME Gap Close Could Propel Bitcoin Price To $18,000â
Within the last hour Bitcoin (BTC) price surged through the $16,200 level to secure a new 2020 high at $16,473.Â
The 6.62% move brings the top-ranked digital asset closer to closing a CME gap in the $16,465 to $16,570 zone and a growing number of analysts expect the price to break above the $17,200 level if the CME gap is closed.
Despite the excitement surrounding Bitcoinâs surge to a new multi-year high, Cointelegraph contributor Micheal van de Poppe pointed out that Bitcoin has rapidly ascended to new highs without establishing strong supports.
Van de Poppe said:
âMany levels beneath the current price are untested on the weekly timeframe. A healthy way to build up a new cycle is the backtesting of previous resistance levels as new areas of support.â
The analyst also said that the Crypto Fear and Greed Index has reached the âExtreme Greedâ level, which can be interpreted as a sell signal according to Van de Poppe.
Bitcoinâs impressive rally to $16,465 comes as the Dow and S&P 500 closed the day in the red with a 1.08% and 0.97% loss.
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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:
$20,000 will get sliced through easily â then a pop to $28,000#BTC
â Max Keiser (@maxkeiser) November 12, 2020
If the U.S. and China don’t significantly crack down on bitcoin, it’s going to $250,000+ this next cycle.
â Ryan Selkis (@twobitidiot) November 12, 2020
Max Keiser Interview: Bitcoin Will âGobble Up All Fiatâ and Rise Over $100K
https://cointelegraph.com/news/impending-cme-gap-close-could-propel-bitcoin-price-to-18-000
Post Views: 374