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Bitcoin O.G. Max Keiser has said that the Bank of England (BoE) will scramble to buy Bitcoin before the digital asset trades at $1 million per BTC.
The host of the Keiser Report and Orange Pill Pod, Max Keiser responded to the Bank of Englandâs deputy governorâs recent warning about cryptocurrencies in a statement to Express.co.uk.
âBitcoin is designed to trigger a meltdown of the current fiat money banking system. This is a mathematically guaranteed outcome.
The bargaining phase will be their central bank digital currency stage and when that fails comes depression as the price tops $500,000 and then acceptance with the Bank of England scrambling to buy Bitcoin before it tops $ 1million per coin.â
In other trending Bitcoin News today: Grayscale hints at plans to convert Bitcoin trust into BTC-settled ETF!
On Oct. 17, Barry Silbert, the CEO of Grayscaleâs parent company Digital Currency Group, hinted that Grayscale is making plans to convert its Bitcoin Trust into a spot-settled Bitcoin fund.
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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/all-time-high-weekly-close-5-things-to-watch-in-bitcoin-this-week
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Bitcoin Prepares to Rally to ,000 as BTC Price Forms Historically Bullish Pattern
âĄïžÂ TEEKA TIWARI â Investment of the Decade: http://2020.cryptonewsalerts.net
Bitcoin Readies for Next Leg Higher
Bitcoin (BTC) seemingly moves without rhyme or reason, but the cryptocurrency, just like any other asset, has patterns, has rhythms, that may lend insight into future price trends.
Mohit Sorout â a partner at crypto hedge fund Bitazu Capital â shared once such pattern when he published the chart below, indicating that Bitcoin âloves to paintâ this price action.
According to Sorout, Bitcoin followed this exact schematic twice last year, once prior to rallying from $5,000 to $7,000, and another time before rallying from $8,000 to the $14,000 yearly highs.
Considering Bitcoinâs price action over the past few days matches the left side of the schematic perfectly, a near-term rally towards ~$11,500 has been made that much more likely, Soroutâs chart indicated.
Soroutâs schematic isnât the only sign suggesting that Bitcoin will soon make a run past $10,000 to new all-time highs.
The same trader that predicted Bitcoin would bottom at $3,200 six months before it did argued this week that BTCâs chart implies an imminent upswing towards the $12,000 region.
In reference to the chart below, the analyst remarked that âBitcoin [recently] smashed pastâ a key technical resistance while the cryptocurrency has held crucial technical levels.
This led him to the conclusion that a move towards $11,500 in July is possible.
More recently, he added that the historical downtrend from Bitcoinâs 2019 high of $14,000 was just broken just days ago.
Bitcoin holding key technical levels while crossing the downtrend indicates that BTCâs price action over the past few days constitutes consolidation above a level of resistance â a sign deemed bullish by the trader.
Bitcoin could also be buoyed by positive fundamental events, such as billionaire hedge fund manager Paul Tudor Jonesâ entrance into the cryptocurrency space.
The Wall Street veteran revealed this week that he is investing around $100 million worth of his personal wealth in Bitcoin.
The investor attributed to his newfound belief in the benchmark cryptocurrency to central banks, which are not printing more money than ever before to save the flagging economy.Â
In other trending Bitcoin News today:
Hedge Fund Manager Predicts Bitcoinâs Post-Halving Trajectory
Hedge fund manager Matt DâSouza thinks patience is the key for Bitcoin holders looking to capitalize on the halving. DâSouza, whoâs also the co-founder and CEO of the crypto mining operation Blockware Solutions, says itâs not the time to day trade.
âIn 2016, Bitcoin rallied ~67% into Halving. It corrected 33% & bottomed within 3 weeks only to begin a 17-Month Bull Market. In 2020, we didnât rally going into Halving as we recovered losses from a Global Market Melt Down. The Fundamentals for Bitcoin have never been better. Halvings are typically Buy the News, Sell the Rumor Events.
In 2020, I expect a shallower sell-off than 2016 (we already corrected 20%) & only a 1.5-3 week duration max. Now is the time to be patient & Hold â NOT day trade. The big money is in the sitting & capturing the Cycle.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:
I donât understand bitcoin. Please explain it to me.
â J.K. Rowling (@jk_rowling) May 15, 2020
The decoupling is underway:âąStocks selling off and back below where they started May
âąBTC bounce continues with slow & steady rise https://t.co/FUYbF8k4h3
â Luke Martin (@VentureCoinist) May 13, 2020
4) The Supply Side Economics has improved w/ the Halving & Demand Side is robust due to the exceptional fundamentals: $SQ‘s Cash App had a record quarter in BTC Sales â signaling retail participation (H/T @IgNoffs)
Paul Tudor Jones is a strong signal of what’s to come from fundsâ Matt D’Souza, CPA (@mjdsouza2) May 13, 2020
the rise from 3-14k was clearly an impulsive move.
sure, you could wait for the downtrend from 20k to be broken but you will simply just be jumping in later
â đđČBenjamin BluntsđČđ (@SmartContracter) May 15, 2020
The Paul Tudor Jones letter is the single most bullish thing ever written about bitcoin, and it came from Tudor himself. I see it as a game changer. Think many macro investors will follow. Mandate changes and onboarding take time. PTJ will be on CNBC this week.
â Alex (@classicmacro) May 11, 2020
Hedge Fund Manager Predicts Bitcoinâs Post-Halving Trajectory
Post Views: 335 -
BITCOIN HITTING 0K BY DECEMBER IS NOW âCONSERVATIVEâ SAYS TOP CRYPTO ANALYST WILLY WOO!!
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Bitcoin hitting $300,000 per BTC in just one yearâs time is ânot out of the question,â popular statistician Willy Woo says.
In a series of tweets on Dec. 1, Woo stated that he has ânever been so bullishâ on Bitcoinâs prospects for 2021.
Discussing potential Bitcoin price trajectory, he confirmed that he was looking at six figures by December next year.
âMy Top Model suggesting $200K per BTC by end of 2021 looks conservative, $300K not out of the question,â one post read.
âThe current market on average paid $7456 for their coins. You all are geniuses.â
Woo used his technical Top Cap metric to deliver the forecast. Despite being what his analytics website Woobull calls âexperimental,â Top Cap has accurately matched price tops in the past.
Continuing, he eyed the decreasing amount of BTC held on spot exchanges as a sign that bullish price action would be catalyzed in the coming twelve months.
âIâve never been so bullish for 2021,â he wrote.
âThis re-accumulation phase coincides with spot market inventory depletion roughly 2x longer and deeper than the last cycle. It will send BTC.â
Lastly, the dollar gain in Bitcoinâs market cap for each dollar invested this cycle has outpaced the 2013 and 2017 bull runs.
âAll pointing to reflexivity increasing; an amplified 2021 bullish feedback loop,â Woo concluded.
Is anyone bearish on 2021?
As Cointelegraph reported, Woo is far from alone in his optimistic outlook for post-2020 Bitcoin.
Sky-high price predictions have come thick and fast over the course of the past two months, with quant analyst PlanBâs $100,000 December 2021 estimate now looking decidedly modest.
Beyond technical circles, familiar figures such as serial investor Mike Novogratz have begun taking price predictions to the mainstream. In the case of Novogratz, he told actress Maisie Williams last month that BTC/USD would head to $20,000 and then to $65,000. Williams subsequently invested.
This week, meanwhile, a giant $590,000 price forecast came courtesy of the Realized Profit/ Loss metric, which has returned to its classic bull run launch position.
In other trending Bitcoin News today:
Bitcoin Moves $500K Around The Globe Every Second, Says Samson Mow
Samson Mow, chief strategy officer at Blockstream, says Bitcoin was never about âtransactions per second and coffee,â but about value and a ânew financial paradigm.â
Blockstreamâs Samson Mow wants to move the conversation away from Bitcoinâs (BTC) performance in transactions per second and toward its role in ushering in âa new financial paradigm,â that is, serving as a permissionless medium for the store and transfer of value.
âBitcoin moves nearly half a million dollars in value around the globe permissionlessly every second. It was never about transactions per second and coffee. Itâs all about value transacted per second and a new financial paradigm. VTPS not TPS. Nothing comes close to BTCâ
Mowâs argument is that âVPTS [value transacted per second] not TPS [transaction per second]â is what really counts. Calculations for the video were reportedly made using on-chain data by the editor of the Blockstream engineering blog, who goes by âGrublesâ on Twitter.Â
The editor similarly tweeted that âBitcoin scales just fine. 1 BTC can store an infinite amount of value.â
The video, according to a follow-up tweet from Mow, âwas inspired by a stupid XRP marketing video comparing their sh*tcoinâs TPS [transaction per second] to Bitcoinâs.â
Blockchain.com data shows that as of Dec. 1, the total estimated value of transactions on the Bitcoin blockchain was estimated at $4.627 billion. This figure hit $5.15 billion, close to its all-time-high, on Nov. 5.
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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:
Views on 2021 (THREAD):My Top Model suggesting $200k per BTC by end of 2021 looks conservative, $300k not out of the question.
The current market on average paid $7456 for their coins. You all are geniuses. pic.twitter.com/5t1pHXwE0b
â Willy Woo (@woonomic) December 1, 2020
#Bitcoin moves nearly half a million dollars in value around the globe permissionlessly every second. It was never about transactions per second and coffee. It’s all about value transacted per second and a new financial paradigm. #VTPS not #TPS. Nothing comes close to @BTC. đ pic.twitter.com/aXfDauPx9b
â Samson Mow (@Excellion) December 2, 2020
https://cointelegraph.com/news/why-one-analyst-says-bitcoin-is-on-the-cusp-of-busting-through-20k
https://cointelegraph.com/news/bitcoin-moves-500k-around-the-globe-every-second-says-samson-mow
https://cointelegraph.com/news/bitcoin-hitting-200k-by-december-2021-is-now-conservative-willy-woo
Post Views: 413 -
BITCOIN WAVE 2 PROJECTED PEAK OF $84K NOVEMBER 9TH-15TH IN PLAY!! NASTY BTC CRASH PREDICTION!!
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Bitcoin closed October 2021, with 40% gains, the best BTC price action since December 2020, even beating the Q1 bull run.Â
After a highly anticipated end to âUptober,â Bitcoin bulls are now looking to November to provide the next phase of massive BTC gains.
Plan B, creator of the Bitcoin stock-to-flow model predicts BTC price closing the month of November above $98K while other crypto analyst predict $84K within the next couple weeks.
âWave 2 projected peak of 84k Nov 9th-15th is still in play.âÂ
In other trending Bitcoin News today: Hereâs When the Next Nasty Bitcoin Correction Could Happen, According to Crypto Analyst Nicholas Merten!
The analyst says that the $100,000 level will probably act as a massive point of resistance for Bitcoin, and potentially trigger a significant correction should it be hit.
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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:
Post Views: 372