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In this live Bitcoin Technical Analysis session with special guest, top analyst Philip Swift, he reveals we are still in a bull market and still have long way to go with a lot of BTC price appreciation before the HODL Waves comes down to 45% which will take us well beyond $100K per Bitcoin this cycle.
Philip says it may take us a few months, or maybe until next year until we cruise past $100K, reaching as high as $300K this cycle and explains why reaching $1 million per BTC by the time of the next cycle is inevitable.
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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 IS CONDUCTING A 51% ATTACK ON THE WORLDâS FIAT MONEY SUPPLY, SAYS MAX KEISER!!
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âBitcoin is conducting a 51% attack on the worldâs fiat money supply. The price of BTC in fiat will go to infinity because none of the worldâs worthless flag money will survive. None of it ever has over the past 300 yearsâ, says RT host Max Keiser of the Keiser Report.
He continued in another tweet:
âThe U.S. is just one of 195 countries in the world, all of which are vulnerable to a Bitcoin 51% attack on their fiat money. The nation state model has a good run, but itâs over. None will survive BTC. Secure your place in the new world with BTC.â
Wall Street veteran Max Keiser says he believes a supply shock will fuel Bitcoinâs rise to $1 million.
In a new interview with Express, the host of the Keiser Report says heâs convinced institutions will find ways to purchase Bitcoin directly from miners and effectively box retail investors out.
âThe demand for Bitcoin is growing almost exponentially while supply is mathematically locked at 900 a day and in fact, in 2024, the supply gets cut in half again to 450 a day.
This is why I think institutions that are buying bitcoin will do so directly from miners and the public wonât have a chance to buy any. The public will be shut out as the price rockets to $1 million per coinâŠÂ Meanwhile, Generation Z who bought lots of Bitcoin when it was under $100, will be the new global power elite. The world order is about to flip.â
Keiser points to the fact that high profile investors such as Paul Tudor Jones, Stanley Druckenmiller and Bill Miller are now bullish on BTC as a sign of whatâs to come.
He also notes PayPalâs new support for Bitcoin as another game changer, citing recent estimates that the payments company is buying more than the daily supply of BTC.
Keiser says daily demand for Bitcoin from top trading platforms appears to be at least 2,600 BTC, while the amount of daily supply from mining is locked at 900 BTC.
In other trending Bitcoin News today:
Bitcoin Price Metric That Called 2020 Bull Runs Flashes âBuyâ Again
An âelegantâ Bitcoin (BTC) metric that predicted its run to $12,000 in August has flashed bullish again for the first time since July.
As noted by creator Charles Edwards on Dec. 3, the Hash Ribbons indicator is now signaling for buyers to enter the Bitcoin market.
Uploading an annotated chart to social media, Edwards, who is also the founder of digital asset manager Capriole, noted similarities between Bitcoin now and before the previous bullish upticks throughout this year.
âLook what I found. A blue dot,â he commented, identifying the new entry point.
Hash ribbons are based on Bitcoinâs network hash rate behavior and designed to tell investors when price is due to experience upside.
In theory, when miners capitulate due to events such as a major price correction, hash rate declines, only to revive thanks to Bitcoinâs automated difficulty readjustments. Hash ribbons demonstrate that around midway through this miner capitulation is an optimal time to take positions.
As the saying goes, âPrice follows hash rateâ in Bitcoin, hash ribbons lend technical proof to the popular mantra.
Edwardsâ âblue dotâ occurs when the 30-day hash rate value crosses the 60-day value, indicating a recovery is underway.
âHash Ribbon is setting up for a buy signal soon,â Rafael Schultze-Kraft, chief technical officer of on-chain analytics resource Glassnode, continued with a further chart.
âWhen hash rate recovers (30d MA crosses above 60d MA) and BTC price momentum is positive, Hash Ribbon has given excellent entry points.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:
#Bitcoin is conducting a 51% attack on the worldâs fiat money supply.
The price of BTC in fiat will go to infinity because none of the worldâs worthless flag money will survive. None of it ever has over the past 300 years.
â Max Keiser (@maxkeiser) December 2, 2020
https://cointelegraph.com/news/bitcoin-price-metric-that-called-2020-bull-runs-flashes-buy-again
https://cryptopotato.com/bitcoin-price-to-hit-36000-in-2021-kraken-crypto-sentiment-survey/
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BITCOIN PRICE CAN STILL HIT $450K IN 2021, $135K IS âWORST-CASE SCENARIOâ SAYS PLANB!!
đ° BlockFi: (Up To $250 Bitcoin Bonus) https://blockfi.com/cryptonewsalerts
Bitcoin (BTC) could trade at an eye-watering $450,000 by the end of 2021, while $135,000 would be the âworst case scenario.â Thatâs according to analyst PlanB, who on June 20 released his latest sentiment-busting bullish BTC price prognosis.
âBitcoin is below $34K, triggered by Elon Muskâs energy FUD and Chinaâs mining crack down. There is also a more fundamental reason that we see weakness in June, and possibly July. My worst case scenario for 2021 (price/on-chain based): Aug 47K, Sep 43K, Oct 63K, Nov 98K, Dec 135K.
Wait until you seen my base case and best case scenarios! OK, a hint: best case Dec $450Kâ
In other trending Bitcoin News today: Rich Dad Poor Dadâs Robert Kiyosaki Warns of âBiggest Crash in World Historyâ â Expects $24K Bitcoin Price. Famous author and investor Robert Kiyosaki has predicted that the biggest crash in the history of the world is on the way.
âBiggest bubble in world history getting bigger. Biggest crash in world history coming. Buying more gold and silver. Waiting for bitcoin to drop to $24K. Crashes best time to get rich.â
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Trezor: âș http://trezor.cryptonewsalerts.net
Ledger: âș 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.
Show Notes / Resources:
Bitcoin is below $34K, triggered by Elon Musk’s energy FUD and China’s mining crack down.
There is also a more fundamental reason that we see weakness in June, and possibly July. My worst case scenario for 2021 (price/on-chain based): Aug>47K, Sep>43K, Oct>63K, Nov>98K, Dec>135K pic.twitter.com/hDONOVgxH1
â PlanB (@100trillionUSD) June 20, 2021
https://cointelegraph.com/news/bitcoin-price-can-hit-450k-in-2021-135k-is-worst-case-scenario-planb
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Bitcoin Price Forming a Bull Cross; Now Targeting ,700 | BTC Starts Strongest Quarter Q2
âĄïžÂ REPLAY: 5 *MORE* COINS TO $5 MILLION: http://5coins.cryptonewsalerts.net
Following a brief selloff that led the Bitcoin price down to lows of $5,800 overnight, BTC has been able to post a strong and sustainable rebound that has since led it to climb towards $6,500, with bulls currently attempting to reclaim its previous position within the upper-$6,000 region.
It now appears that bulls are in the process of attempting to form an EMA bull cross, which could bolster its price action in the hours ahead.
Furthermore, bulls are also attempting to surmount a key resistance level that was recently established, leading one analyst to note that a weekly close above this level could lead the BTC price to rally up towards $7,700.
As for what could push Bitcoin above this resistance, Big Cheds â a popular cryptocurrency analyst on Twitter â explained in a recent tweet that he believes it is flexing a âpotential 8/34 EMA bull crossâ on its 4-hour chart.
âBitcoin 4 hour -Flexing a potential 8/34 EMA bull cross,â he noted while pointing to the chart seen below.
This formation could significantly bolster the cryptoâs near-term price action if it is confirmed in the coming several hours.
As for how high a confirmed break of the current resistance that Bitcoin is facing could send it, one analyst is noting that he is eyeing a movement up towards $7,700.
Teddy, another popular cryptocurrency analyst on Twitter, recently shared a chart showing two potential paths for the crypto, noting that it is currently in the process of taking the bullish route.
âLooks like BTC picked the green way,â he said while pointing to the below chart.
The upside target seen on the chart he references exists at roughly $7,700, which would mark a notable climb from where BTC is currently trading at.
Bitcoin Starts Strongest Quarter Q2 With Price Down Just 10% YTD
Bitcoin (BTC) has in total suffered just 10% from the coronavirus outbreak which obliterated stocks and caused the United States to print $6 trillion.
That was according to the latest quarterly price data from monitoring resource Skew.com on March 31, which showed that for Q1 2020, BTC/USD is only down by around 10.7%.Â
At press time, the pair remained higher after seeking new support at $6,500 on Monday.Â
At those levels, the pair is just $700 lower than its position at the start of 2020, and $3,800 beneath its current year-to-date all-time high of around $10,300.Â
Bitcoin has advanced 75% in the two weeks since hitting its quarterly low â in a volatile period, that recovery at one point reached 90% as markets peaked at over $7,000 on some exchanges.
As such, Bitcoin now looks increasingly resilient as an investment option versus traditional markets, which are still trailing much more as a result of coronavirus.
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Trezor: âș http://trezor.cryptonewsalerts.net
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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-starts-strongest-quarter-q2-with-price-down-just-10-ytd
https://cointelegraph.com/news/bitcoin-stocks-rise-as-us-economy-grinds-to-a-halt-furloughs-soar
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