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Popular analyst and trader Michaël van de Poppe is providing his take on the latest market correction while naming a set of altcoins that have caught his attention.
âItâs great to see the strength on altcoins. Yes, weâve got some news regarding Bitcoin and Elon Musk (Tesla CEO), but essentially, not much has changed. Markets are still bullish.â
In other trending Bitcoin News today: Mark Cuban Responds to Elon Musk, Says Bitcoin and Crypto Will Benefit Society and the Environment!
Dallas Mavericks owner Mark Cuban says his NBA franchise will continue to accept Bitcoin as payment despite Elon Muskâs recent announcement that Tesla will not. Cuban tells his 8.4 million Twitter followers that, as a store of value, BTC is in fact a better environmental alternative to gold.
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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/altcoins-pop-while-bitcoin-looks-for-support-near-50-000
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Bitcoin Price âLikelyâ Bottomed in .7K BitMEX Crash Says Tone Vays | BTC Reclaims .3K
âĄïžÂ REPLAY: 5 *MORE* COINS TO $5 MILLION: http://5coins.cryptonewsalerts.net
The Bitcoin price likely reached its low when it hit $3,700 earlier this month, veteran trader Tone Vays has forecast as markets remain up 70%.
In the latest episode of his Trading Bitcoin YouTube series on March 29, Vays repeated his previous claim that, logically, the BTC price should bottom at 20% of its 2019 highs â $2,800.
Vays on $2.8K: âI donât think itâs likely anymoreâ
This could occur before Mayâs block reward halving and not endanger Bitcoinâs long-term perspective, he said, but a dive after that event could have grave consequences.
After March 12, when Bitcoin (BTC) bounced off 15-month lows of around $3,700, Vays now thinks that Bitcoin will not return to put in lower levels.
âI donât think itâs likely anymore,â he summarized.
âBecause I think this incident, this event earlier this month was close enough $2,800 that Iâm no longer expecting $2,800.â
Since the bounce, Bitcoin has broadly maintained higher support, with the recovery reaching almost 90% in the subsequent two weeks.
Continuing, Vays suggested that in fact, $2,800 would have appeared during the dive and that it was only the crashing of derivatives giant BitMEX which prevented it.
âIf BitMEX did not go down, we probably would have $2,800 and maybe even lower,â he said.Â
âItâs very possible that if BitMEX didnât crash, the selling would have just accelerated, but right now, Iâm under the assumption that the low is in.â
Bitcoin Price Reclaims $6K as Traders Eye New BTC Futures Gap Above
The past 24 hours had seen the pair dip to lows of $5,870 after signaling weakness throughout the weekend.
Those were short-lived, however, with Bitcoin regaining lost ground within hours.Â
Now, hopes were high that price action would remain more bullish, allowing Bitcoin to close a new futures gap left at the end of trading on Friday.Â
The gap lies between around $6,300 and the closing price of Fridayâs CME futures session at $6,680.Â
As Cointelegraph reported, Bitcoin has very often returned to trade at levels left behind by futures markets â before its price volatility surged in mid-March, just one gap remained, much higher at $11,800.
For Cointelegraph Markets analyst Michaël van de Poppe, however, there was overall still a bearish trend in Bitcoin, despite the upside potential posed by the gap.
âThe first level for support held and weâve pushed upwards. Thereâs also the CME Gap, probably the reason why weâre moving, so that could be closed first,â he tweeted on Monday.Â
âThis means that a $6,050 flip could trigger another push to $6,400-$6,500, before further down.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 #BITCOINThe first level for support held and we’ve pushed upwards. There’s also the CME Gap, probably the reason why we’re moving, so that could be closed first.This means that a $6,050 flip could trigger another push to $6,400-$6,500, before further down.
Still bear pic.twitter.com/bn0BHHRDHd
â Crypto MichaĂ«l (@CryptoMichNL) March 30, 2020
https://cointelegraph.com/news/bitcoin-price-reclaims-6k-as-traders-eye-new-btc-futures-gap-above
https://cointelegraph.com/news/bitcoin-price-likely-bottomed-in-37k-bitmex-crash-says-tone-vays
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BITCOIN COULD SURGE TO M WITHIN FIVE YEARS, SAYS CRYPTO HEDGE FUND MANAGER! TRUMP OR BIDEN VS BTC?
âĄïž Leverage OPM (Other Peopleâs Money): http://opm.cryptonewsalerts.net
Morgan Creek Digital Assets co-founder and partner Jason Williams says Bitcoin could meteorically rise nearly 17,900% in five years as BTC solidifies its position as a safe haven asset.
In a Norwegian Block Exchange interview, Williams offers his bull scenario for the worldâs leading cryptocurrency.
âBitcoin could hit $1 â $3 million dollars in the next five years. People have no idea what it will look like when large banks and countries start holding Bitcoin in their treasury.â
The crypto hedge fund manager highlights Bitcoinâs scarcity as a key characteristic that will attract more institutional players and continue to drive the value of the king cryptocurrency.
In the last few months, institutional players in the form of publicly traded companies have announced their entry into BTC with multi-million-dollar investments.
In September, business intelligence company MicroStrategy upped their BTC investments to $425 million. Last month, payments giant Square revealed that it made a $50 million BTC acquisition.
With more institutions flocking into the number one cryptocurrency, Bitcoin Treasuries reveals that publicly traded companies have increased their BTC holdings from over $6.9 billion in mid-October to $10.7 billion this month.
In April, when Bitcoin was trading around $6,000, Jason Williams predicted that BTC would surpass its all-time high of $20,000 this year.
In other trending Bitcoin News today:
Trump Or Biden? Max Keiser Explains Why Bitcoin Will Be The Ultimate Winner After the US Elections
Famous TV host Max Keiser explains how Bitcoin will emerge as the ultimate winner, despite who wins the 2020 US Presidential elections.
Max says, âWith Trump, who at least understands something about capitalism, the ascent of Bitcoin would be slower as I believe he would calm markets by having the US enter the global hash war that Iran now leads in a Sputnik-like call to enter the Hash Race moment.â
Keiser added that the US needs to strive for a âbig slice of Bitcoinâs global hash rate before our competitors do. I know of several countries that will soon announce major sovereign underwritings of BTC hash rate to try and oust Iranâs position.â
Keiserâs views see BTC sharply explode in value in case Biden emerges the winner come Sunday.
âAs Iâve said, a Biden win would accelerate Bitcoinâs advance as panic-buying from those looking to escape the socialists, money printers, and MMTâers goes into hyperdrive.â
âIt will be like the 1938âs Kristallnacht (also known as the Night of Broken Glass or the November Pogrom), jack-booted armed thugs will go door-to-door stealing property in the name of social justice.â
Bitcoin is bigger than the elections, asserted Keiser.
Itâs an asset that has no real âcorrelation with anything â stocks, bonds, currencies, gold, commodities, or property â and certainly no political parties or political outcomes, here in the US or anywhere in the world.â
Bitcoin is correlated only to Bitcoin. Despite the outcome of the upcoming elections, Bitcoin will still be backed âby an insatiable hunger.â Itâs a cosmic scale hunger because âBitcoin is the Big Bang of money.â
âTo be clear, I donât mean BTC is backed by energy. What Iâm saying is, itâs backed by code thatâs unstoppably programmed to consume all available energy on Earth and beyond, to create absolute monetary scarcity to elevate humanity to a more pure spiritual state of existence. Transcendence on this scale takes synchronization and massive amounts of energy.â
Keiser also said that no matter whoâs the US president, Bitcoin is on its way to take out gold as the ultimate monetary store of value and doubled-down on his 40x-80x price prediction.
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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.
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Bitcoin Price Will Rally âMuch Higherâ Than 0K | Billion Ready to Move Into BTC, XRP, Ethereum
âĄïžÂ OPM Wealth: http://opm.cryptonewsalerts.net
Legendary veteran Crypto trader Peter Brandt, who has previously said the Bitcoin price could rise to $100,000 in its current long-term cycle, says the BTC price remains in an historic bull trend.
In his latest weekly Crypto outlook, Brandt says Bitcoin (BTC) is now showing early signs that it could climb âa lot higherâ than $100k.
âWe can use this recent low that weâve seen back in December that connects back to December 2018 as kind of now redefining the parabolic advance that could be in the process of developing now. And that has implications. I donât want to get too far ahead of myself because I can make an argument here that Iâm not sure really can be made yet â that weâre going a lot higher than $100,000, and it wonât be until 2021.â
In other Bitcoin news today:
Portfolio manager and Cryptocurrency analyst Mati Greenspan says billions of dollars are essentially sitting on the sidelines, ready to move into Bitcoin, Ethereum, XRP, Litecoin and the altcoin market at large.
Greenspan is using data from the crypto research firm Messari, which shows that the total value of all stablecoins is just shy of $6 billion.
Stablecoins are digital currencies that are pegged to traditional assets like fiat. Theyâre designed to maintain a steady value and offer crypto traders an easy way to sidestep the extreme volatility of the crypto markets.
Greenspanâs theory implies that the billions of dollars in the stablecoin market represent traders who have decided to exit their positions in BTC, ETH, XRP and other crypto assets and are waiting for the optimal time to re-enter the market.
âNearly $6 billion worth of stable coins ready to move into bitcoin and the alts at a moments notice.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.
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