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The Bitcoin price can top out at $700,000 in August of 2022, according to crypto analyst ‘The Moon Carl’ who shares what he calls the most important BTC chart he’s ever seen before with his 473,000 Crypto YouTube subscribers.
“Do you see the pattern?
2013 – Bitcoin crashes to $50
2015 – Bitcoin crashes to $200
2018 – Bitcoin crashes to $3,000
2021 – Bitcoin crashes to $30,000
2023 – Bitcoin crashes to $400,000?
Bitcoin can reach $700,000 by the end of next year.”
In other trending Bitcoin News today: Bitcoin Historical Volatility Fractal Points To Brewing Bullish Explosion!
Looking back at the asset’s historic volatility, a fractal pattern could be forming that suggests the BTC price is about to blast off to unprecedented heights.
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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 Historical Volatility Fractal Points To Brewing Bullish Explosion
Bitcoin Looks Ready for Big Move, Says On-Chain Analyst William Clemente
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TRENDS PUT BITCOIN RIGHT ON TRACK FOR $250K BY 2022, SAYS BILLIONAIRE TIM DRAPER!!!!!
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Venture capitalist Tim Draper was on Benzinga’s Crypto Festival to talk about the number 1 cryptocurrency BTC. Draper noted some trends which he believes will be the driving force behind bitcoin hitting $250,000 in 2022.
Widespread adoption was one of these trends. He noted that people will eventually be able to use BTC in the way they currently use fiat currency. “One that happens,” Draper said, “there’s going to be a switch thrown in people’s heads.”
When asked when he planned to sell his coins, the billionaire replied, “Why would I want to sell the future currency for the past currency? I just can’t imagine anything more important for humanity than this.” As for Draper’s $250,000 prediction for the digital asset’s price in late 2022 or early 2023, he said, “I think we’re right on track.”
In other trending Bitcoin News today: BTC price returns to $50K as Bitcoin bears lose $450M in daily liquidations!
BTC swiftly reclaimed $50,000 on Thursday as bears felt maximum pain and lost hundreds of millions of dollars.
“Bitcoin facing final hurdle before $57K,” Cointelegraph contributing analyst Michaël van de Poppe tweeted in his latest update.
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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:
We’re Right On Track For Bitcoin At $250,000, Billionaire Tim Draper
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MAX KEISER SAYS BITCOIN WILL GO TO $1M AS GOVERNMENTS START PUTTING BTC ON THEIR BALANCE SHEET!!
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Bitcoin bull and Wall Street veteran Max Keiser has issued a massive BTC price prediction, saying as game theory suggest, governments around the world will start putting Bitcoin on their balance sheet sending BTC parabolic to $1,000,000.
The RT host of the Keiser Report shared the following:
“As long as governments control money, there could be no advances in money. Along comes bitcoin, it separates government from money. No government can touch btc, they’re completely divided & divorced.
And as I predicted, if you gave people hard money like bitcoin to transact without the interference of government it would be an economic global boom, a renaissance.
We can transact in unconfiscatable, uncensorable money when nobody can stop us because we’re protected by this encrypted shield called the bitcoin protocol that’s impenetrable & nobody can stop us.
Governments have flapped their gums a lot & suggested oh we are against it but none of them can stop it. Eventually one of these governments according to game theory is gonna say you know what, enough is enough we’re gonna start putting it on our balance sheet here.
And whatever country that might be & then every other country will do exactly the same thing and the price of course will go $500K, $600K, $1,000,000 a bitcoin and Max & Stacy will be once again 100% right.”
In other trending Bitcoin News today:
A Bitcoin Price Dip For Ants? BTC Quickly Rebounds to a New High Above $57,800
The price of Bitcoin (BTC) dipped to as low as $53,905 on Binance overnight, recording a sudden 6% drop. But despite the minor correction, the price of Bitcoin quickly recovered thereafter, reaching a new all-time high above $57,800 on Feb. 21.
Although Bitcoin saw a steep drop within merely hours, analysts pinpointed that it fell to the exact bottom of a short-term trendline.
John Cho, the Director of Global Expansion at Ground X, noted that the drop was a liquidity fill at a lower price.
A liquidity fill simply means when an asset drops after stagnating to fill buy orders at the bottom of the range
A drop was expected because Bitcoin was consolidating with the futures funding rate at around 0.15%.
Across major futures exchanges, the Bitcoin futures funding rate was hovering between 0.1% to 0.2%, and it was particularly high for stablecoin pairs.
Bitcoin futures exchanges use a mechanism called funding to incentivize buyers or sellers based on market sentiment.
For example, when there are more buyers in the market, the funding rate turns positive. When that happens, buyers have to pay sellers a portion of their position every eight hours.
When the funding rate is high but the price of Bitcoin is consolidating, the risk of a big short-term drop increases.
The funding rate for altcoins, including Ether (ETH) and DeFi tokens, reset to around 0.05%. As such, altcoins saw a stronger bounce than BTC.
Misa Christanto, an analyst at Messari, said that in a bear market, everything is correlated. But Bitcoin, which is also considered a “reflation trade,” has been resilient. She wrote:
“US Treasury curve is steepening. Why should we care? Because in a bear market, everything is correlated. So far the headwinds have been on equity returns, on unprofitable tech names. Reflation trades like $BTC unaffected.”
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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:
“As long as governments control money, there could be no advances in money. Along comes #bitcoin, it separates government from money. No government can touch #btc, they’re completely divided & divorced.”-@MaxKeiser🍊💊
— Crypto News Alerts 🔥🎙 (@CryptoNewsYes) February 20, 2021
“These banks will not compete. They will not introduce anything near a #Bitcoin. Just like there was only one Joan of Arc, there was only one Virgin Mary, there was only one Allah, there can be only one #BTC & it rules supreme.” – @MaxKeiser (Keiser Report 443, May 11, 2013) 🍊💊
— Crypto News Alerts 🔥🎙 (@CryptoNewsYes) February 20, 2021
In percentage terms, Bitcoin growing from $57K to $1M is the same as going from $3,249 to $57K.
— Stack Hödler (@stackhodler) February 20, 2021
On-Chain Data: The Last Time This Happened, Bitcoin Rose Another 2x
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XRP PRICE TO HIT IN NEXT BULL CYCLE IN 2020?! | Bitcoin (BTC) Futures Gap to Fill at ,800?!
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While Ripple XRP, the third largest cryptocurrency is still trading at $0.21, a trader is citing a chart to suggest a somewhat unrealistic XRP price surge to the $28 level next year.
XRP has not been on top form since early 2018 when the price surged to its all-time high of about $3.84.
Ripple’s active expansion strategy has not yet made its retail investors happy since the XRP price has been unable to get over $0.30 for a long while already.
However, now traders seem to have found signs on charts that say a new bull run is coming next year.
The trader ‘D.Y.I. Investing’ has shared some info about cyclical time frames for XRP he has come across.
Bearish cycles that happen to XRP take two years, he says, following a 1-year bullish cycle. This means, as per the trader, that the approaching 2020 is going to become bullish for the coin.
He expects the price to hit as much as $28. He shared on Crypto Twitter in a recent tweet:
Cyclical Time Frames with $XRP. You guys have seen me post this chart before but now I have added cyclical time frames to paint an even clearer picture. XRP follows cycles of 6 months to 1 year Bull Cycles followed by 2 year Bear Cycles. 2020 will be the next Bull Cycle. $28
In other Crypto news today:
Bitcoin Futures gap exists at $11,800; can bulls fill the gap?
For some context, a “gap” in a financial market is when an asset doesn’t trade at a certain price, leaving a gap in the order books and charts which is highly irregular. While gaps are rather rare, they’re common in the Bitcoin market because the Chicago Mercantile Exchange (CME) closes on the weekends though cryptocurrencies exist in a 24/7 market, creating discrepancies due to this market’s inherent volatility.
Some say that gaps can be used as a form of analysis, for in traditional markets, assets always fill the price gaps they leave in the coming trading sessions.
With there existing remaining gaps on the Bitcoin chart, we must ask: will Bitcoin (BTC) fill them?
According to cryptocurrency trader “exitscammed,” there exists a Bitcoin CME Futures price gap in between $11,700 and $12,000, left behind from the strong rally seen earlier this year.
$12,000 is 70% above the current price level of the low-$7,000s.
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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:
Cyclical Time Frames with $XRP.
You guys have seen me post this chart before but now I have added cyclical time frames to paint an even clearer picture.$XRP follows cycles of 6 months to 1 year Bull Cycles followed by 2 year Bear Cycles. 2020 will be the next Bull Cycle. $28 pic.twitter.com/P5ZfAgPfF4
— D.I.Y Investing (@vajolleratzii) December 15, 2019
Transaction Type: PaymentAmount: 50,000,000 XRPFee: 45 drops (0.000045 XRP)Sender: r3UfhuRaxjwGEibXZ9mRWaKMJqtSsWcP14Sender Balance: 100,000,095.25741Receiver: rUC8XGzh9W6uzn45GJVAoow7TxCMxmnLrqReceiver Balance: 50,000,094.977455
Link: https://t.co/cZKOBH96on
— XRPL Monitor (@XRPL_Monitor) December 13, 2019
Bitcoin Futures Gap Exists at $11,800; Can Bulls Fill the Gap?
https://u.today/xrp-price-to-hit-28-in-next-bull-cycle-in-2020-crypto-trader
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