0K to 0K: Long Term Bitcoin Price Predictions From Big Firms | NEXT BTC BULL RUN!

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Crypto veteran Bobby Lee thinks Bitcoin will skyrocket in price by the end of 2021.

“I don’t officially give financial advice, but personally I’m confident that the latter half of this year BTC will go back above $65,000. I think it’ll peak out over $250,000 later this year.”

However, Lee also thinks Bitcoin will endure a bear market in 2022 and lose 50-80% of its value after touching the new all-time high. A couple of years after the 2022 bear market, he thinks it will move into another bull cycle.

“I think Bitcoin will have its bull cycle every three or four years in the coming years. I expect Bitcoin to pass a million, two million dollars easily in the next 10-15 years. In fact, the next cycle I predict to be in the year 2024 or 2025, and that’s when Bitcoin will cross half a million dollars and might even touch $1 million.”

In other trending Bitcoin News today: JPMorgan CEO Jamie Dimon says Bitcoin price could rise 10x but still won’t buy it!

“I don’t really care about Bitcoin. I think people waste too much time and breath on it. But it is going to be regulated. […] And that will constrain it to some extent. But whether it eliminates it, I have no idea and I don’t personally care. I am not a buyer of Bitcoin. That does not mean it can’t go 10 times in price in the next five years.”

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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/morgan-stanley-doubles-exposure-to-bitcoin-through-grayscale-shares

https://cointelegraph.com/news/jpmorgan-ceo-says-bitcoin-price-could-rise-10x-but-still-won-t-buy-it

https://cointelegraph.com/news/btc-price-loses-42k-after-fresh-rejection-puts-focus-on-worst-case-bitcoin-monthly-close

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A prominent cryptocurrency analyst says he’s making a hard pivot to BTC with about five days to go until the much-anticipated Bitcoin Halving.

Mati Greenspan says he’s not worried about the naysayers.

Since entering the position on April 30th, his portfolio is up 4.51% at time of publishing.

“Call it FOMO, call it blind faith, or even stupidity, I don’t care. My eToro account is now 100% allocated to BTC.”

Greenspan says the 50% drop in new supply will buoy Bitcoin price even if the rate of adoption remains the same.

“The annual inflation of Bitcoin will go from 3.65% to just 1.8%… approximately half of the global annual inflation rate. At this point, adoption doesn’t even need to grow to sustain the price anymore. Satoshi either knew what he was doing or got really lucky.”

He also cites recent comments from former SEC Chairman Arthur Levitt on a renewed, global focus on inflation.

“As governments continue to print more money it obviously takes more money to buy things with fixed supply…. People are flocking to bitcoin in search of an alternate store of wealth.”

Despite his bullish outlook, Greenspan notes that BTC remains in a descending channel dating back to July of 2019.

The BTC price is currently at the top of that channel, facing resistance at the $9,300 level.

In other trending Bitcoin News today:

Warm-up? History Shows Bitcoin May See Epic Rally After 150% Gain

Bitcoin price may be at the start of an unprecedented mid-term rally after the top-ranked cryptocurrency by market capitalization registered a 150% gain since March. 

Historical data shows that when the long-term price trend of Bitcoin shifted at a local bottom with a strong reaction from buyers, it saw an extended uptrend.

Immediately after the BTC halving — now only five days away — most technical analysts foresee a minor pullback occurring.

In previous Bitcoin halvings seen in 2012 and 2016, the price of Bitcoin rallied prior to the halving and corrected right after its activation.

In the medium-term, however, the Bitcoin price tends to see a prolonged upsurge post-halving.

The first halving led to a staggering 10,000% gain, while the second halving triggered a 2,500% price increase.

On a larger time frame, the Bitcoin price technically recorded lower highs as it fell to $3,100 in December 2018 and $3,600 in March 2020.

The term “lower highs” refers to when the price of an asset falls to a low point that is still higher than the previous local bottom.

Based on the price trend of BTC since 2012, Mohit Sorout, founding partner at Bitazu Capital, suggested that the rally of Bitcoin could be just beginning after reaching $9,500.

“Live shot of BTC getting warmed up,” he said.

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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:

Raise your hand if you’re spending your stimulus check on bitcoin! 🙋‍♂️

— Mati Greenspan (tweets are not trading advice) (@MatiGreenspan) April 26, 2020

Call it FOMO, call it blind faith, or even stupidity, IDC.

My @etoro account is now 100% allocated to $BTC.

— Mati Greenspan (tweets are not trading advice) (@MatiGreenspan) April 30, 2020

“As governments continue to print more money it obviously takes more money to buy things with fixed supply…. People are flocking to bitcoin in search of an alternate store of wealth.”

Former SEC Chariman @ArthurLevitt just now on @BloombergRadio.

— Mati Greenspan (tweets are not trading advice) (@MatiGreenspan) May 4, 2020

https://cointelegraph.com/news/warm-up-history-shows-bitcoin-may-see-epic-rally-after-150-gain

https://bitcoinblockhalf.com/

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Vinny Lingham, cryptocurrency investor and the CEO of CivicKey, asserted that there’s a good likelihood that the Bitcoin price will soon trade at $15,000 per BTC.

He made this comment in reference to how $10,000 “represents strong support”:

“It looks to me that Bitcoin is poised for another leg up, with an overshoot above $15k, but then a retrace and heavy consolidation around $14k for a few weeks at least. I doubt this sub-$12k price holds for much longer and $10k represents strong support right now.”

Discussing the efficacy of his calls, Lingham noted to a commenter that he has rightfully called prior price action.

He added that he personally thinks that Bitcoin flips bullish on a macro scale if it converts $12,000 into support:

“I’m not a permabear or a permabull – I called the bubble and I called the bear market. The bear market is almost over, if/when we break and hold $12k. So yes, I’m turning bullish.”

This sentiment is in line with a number of technical traders within the space. One historically accurate analyst, for instance, who predicted BTC’s V-shaped reversal in March says a rally to $17,000 is imminent.

That’s not $15,000, of course, but there’s a growing sentiment that Bitcoin will gap higher.

The rally towards $15,000 or $17,000 is expected to be part of a longer-term uptrend, spurred by a confluence of fundamentals.

Raoul Pal, CEO of Real Vision, recently commented that Bitcoin is likely to rally 50 to 100 times this market cycle due to macro trends.

Responding to Jerome Powell’s comments, Pal noted that the Federal Reserve seemingly wants anything but deflation.

This, the investor explained, will create market pressures over time that will drive capital to Bitcoin and gold at record speed.

The Winklevoss Twins, co-founders of Gemini, have echoed the optimism.

They also noted that macro factors are likely to drive vast amounts of capital to Bitcoin in upcoming years.

In other trending Bitcoin News today:

After Riding YFI’s 108,000% Tidal Wave, Analyst Josh Rager Bullish on Five Nascent Crypto Assets

Bitcoin trader and strategist Josh Rager is hopping on the decentralized finance (DeFi) bandwagon.

Rager invested in Yearn.Finance (YFI) early.

The coin has surged from $34.53 on July 18th to a high of $37,621 on Sunday – a whopping 108,000% increase.

The analyst now predicts the coin will continue to soar and reach a price of $100,000.

Meanwhile, the analyst tells his following of 81,000 people on Twitter that he plans to hold on to five other nascent crypto assets that he believes offer upside potential.

“Still holding XAMP, TOB, YFL, JGN, & TACO. The altcoins I share are the altcoins I intend to hold for a while or take profits slowly overtime – not dump on people.”

Rager puts the spotlight on Antiample (XAMP) and Tokens of Babel (TOB) as both assets are getting a lot of attention in the Uniswap protocol.

“XAMP [and] TOB are doing great on vol & users going on 2 weeks+ now just on Uniswap alone. The first major exchange to list them both will likely reap some major rewards from users and fees.”

As for the other coins on Rager’s list, Juggernaut (JGN) is a new breed of token that allows businesses to create custom synthetic tokens and take full advantage of the DeFi infrastructure.

Meanwhile, YF Link (YFL) is a fork of the red-hot Yearn.Finance protocol.

The project leverages LINK (Chainlink) and allows LINK marines to directly participate in the DeFi craze through yield farming.

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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:

It looks to me that #Bitcoin is poised for another leg up, with an overshoot above $15k, but then a retrace and heavy consolidation around $14k for a few weeks at least. I doubt this sub-$12k price holds for much longer and $10k represents strong support right now.

— Vinny Lingham (@VinnyLingham) August 28, 2020

Still holding $XAMP $TOB $YFL $JGN & $TACOThe altcoins I share are the altcoins I intend to hold for a while or take profits slowly overtime – not dump on people

In fact, you don’t hear about most the altcoins I trade because they’re high risk and I don’t want you losing money

— Josh Rager 📈 (@Josh_Rager) August 24, 2020

PREDICTION? FED out of bullets: needs inflation. Zero int not working. Q: What will FED do? A: Buy GOLD not T-bills? FDR did this in 1933 buys gold @$28 raised price to $35. Will Fed buy gold for $7000 to cause inflation? Gold silver Bitcoin win. Savers lose. What do you think?

— therealkiyosaki (@theRealKiyosaki) August 30, 2020

Here’s Why This Crypto CEO Thinks Bitcoin Soon Hits $15,000

https://dailyhodl.com/2020/08/30/after-riding-yfi-108000-tidal-wave-bitcoin-analyst-josh-rager-bullish-on-five-crypto-assets/