ROBERT KIYOSAKI: Bitcoin Is Messing Into the Fed’s Territory! | 0 Million BTC Price Prediction!

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After an 11% drop last week, Bitcoin (BTC) started to mount an extremely strong recovery on Sunday and Monday.

Just earlier today, the the BTC price reached a local high of $9,150, trading 5% higher on the day.

Per Raoul Pal, a former Goldman Sachs executive, this move has allowed the Bitcoin price to break out of “an inverse head and shoulders formation (with a very weak right shoulder, which makes it often more powerful.”

This move has also notably brought Bitcoin above the key 200-day simple moving average.

While the price has yet to close above this key technical level, sitting around $9,000, this specific moving average has long been seen as analysts as an indicator of an asset’s long-term directionality.

With these bullish factors in mind, where do analysts say the leading cryptocurrency can go next?

Unsurprisingly, this latest boost higher has analysts convinced that the market is ready to see even more gains.

Eerily accurate trader Filb Filb in a recent edition of his Decentrader newsletter wrote:

“Overall, Bitcoin is exactly where [I] anticipated; slowly grinding up towards previous resistance… I’m very much of the opinion that Bitcoin will reach to at least $12,500 level before the halving.”

As to why $12,500 makes sense, he noted that that is the “top target” for a bullish inverse head and shoulders chart that is forming on a medium-term basis for Bitcoin.

BITCOIN VS CORONAVIRUS: IS BTC TRADING LIKE STOCKS OR GOLD?

Bitcoin markets have reacted with increased volatility to the news of the spreading coronavirus in China.

The last few days may reveal patterns about BTC trading in relation to risk.

BITCOIN SHOWS NEW TRADING PATTERNS ON RISK EVENTS

BTC (Bitcoin) showed behavior that may reveal new patterns of trading in relation to stocks.

The coronavirus epidemic and subsequent lockdowns in China, coinciding with the Chinese New Year celebrations, caused a slump in Chinese and international stocks.

But Bitcoin prices showed a different pattern in relation to the movements of stocks, with waves of activity both coinciding with the overall slide in assets, but also rallies that suggest BTC is also a risk-averse asset.

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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:

Some sold at $1 because they thought $10 was impossibleSome sold at $10 because they thought $100 was impossibleSome sold at $100 because they thought $1,000 was impossibleSome sold at $1,000 because they thought $10,000 was impossible

Some will also sell at $10,000…

— Crypto₿ull (@CryptoBull) January 28, 2020

16/ So how about returns?

Correlations of returns between bitcoin & risk assets have historically been unstable and hovered around zero. This changed somewhat in 2019. Correlations since Jan/1/2019 are -0.14 with the S&P 500 and +0.19 with gold. pic.twitter.com/LvBFAPM8Df

— Alex Krüger (@krugermacro) January 28, 2020

$BTC Good looking candle on the monthly chart, looks like it wants to overtake the Nov. openIt would be extra bullish if this month closed above $9250

Price would likely look to push up over $10k and re-test the POC of the June to Sept ’19 pic.twitter.com/Hxl5yZys7Y

— Josh Rager 📈 (@Josh_Rager) January 28, 2020

Bitcoin vs Coronavirus: Is BTC Trading like Stocks or Gold?

Bitcoin in Midst of Powerful Breakout: How Far Will Prices Go Past $10,000?

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Bitcoin is heating up – some may say erupting – as Latin American country El Salvadore plans to tap energy from volcanoes for mining the cryptocurrency. Nayib Bukele’s plans for crypto in El Salvador are still in motion, with the president now calling for a geothermal power company to make certain facilities available to Bitcoin miners.

In other trending Bitcoin News today: MicroStrategy gets $1.6 billion in orders in junk bond offering – four times the initially sought amount. Earlier this week, the company announced it would issue $400 million worth of junk bonds in a private offering, with a view to using the proceeds to purchase Bitcoin (BTC). One day later, the firm announced it would increase its bond offering to $500 million, after which it was inundated with $1.6 billion worth of orders.

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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/el-salvador-s-president-wants-to-build-volcano-powered-crypto-miners

https://cointelegraph.com/news/microstrategy-nets-1-6-billion-in-junk-bond-offering-to-buy-bitcoin

https://cointelegraph.com/news/bitcoin-hits-37-5k-amid-warning-thursday-will-see-next-btc-price-correction

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Alex Mashinsky, CEO of crypto lending platform Celsius, says he’s standing by his prediction of Bitcoin ending 2021 somewhere in the $140,000-$160,000 range.

The Celsius CEO says that once BTC breaks a certain range not far above its current prices, the flagship crypto won’t be facing any tough resistances until new all-time highs. Mashinsky adds that he sees BTC flying up above $140,000 by the end of the year for a rally of 265% based on the current price of $38,300.

“I think we are also hitting some resistance here in the $40,000 to $45,000 levels, and there is not a lot of resistance above that, so I think we’re going to consolidate here and break to new highs. I still stand by my prediction that this year we’ll see anywhere between $140,000 and $160,000 per Bitcoin.”

In other trending Bitcoin News today: Crypto Analyst Predicts Massive Ethereum Breakout, Forecasts New Bitcoin All-Time High by November!

He also says that a “flippening,” or an overtaking of Bitcoin in terms of market cap, is in store for Ethereum.

“This consolidation will come to an end soon. The flippening is knocking the door.”

As for Bitcoin (BTC), the crypto trader also sees the leading cryptocurrency meteorically rising to a new all-time high of around $80,000 by November. According to Inmortal, Bitcoin’s daily chart looks very similar to its price action at the start of 2020 when BTC rallied from $7,000 to $10,000 in a few weeks.

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Trezor: ► http://trezor.cryptonewsalerts.net

Ledger: ► 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:

Celsius CEO Still Sees Bitcoin Finishing the Year Between $140,000–$160,000

https://cointelegraph.com/news/binance-to-bring-bitcoin-payments-to-shopify-via-new-partnership

https://cointelegraph.com/news/bitcoin-eyes-36k-support-as-chart-hints-at-potential-golden-cross-within-weeks