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Popular Bitcoin trader Tone Vays tells his 115K YouTube subscribers that he is doubling down on his September 2021 prediction that BTC will hit $100,000 before January 1, 2022.
âIâm still sticking to it, guys⊠$100,000 by the end of the year. And we got about six weeks to go.â
Looking at the monthly Bitcoin charts, Vays notes that all moving averages are up.
âMonthly chart looks very bullish⊠We are above all moving averages; they are all rising.â
In other trending Bitcoin News today: Bitcoin Just Flashed Pattern That Historically Leads to Parabolic Price Rallies, According to Top Crypto Analyst!
The pseudonymous crypto market analyst TechDev tells his 183,600 Twitter followers that BTCâs current technicals resemble its late 2020 structure when the king crypto consolidated below $20,000 before blasting off to $64,000.
âLast time this cycle, BTC tried to break ATH (all-time high) on the weeklyâŠ
It consolidated beneath for 3-4 weeks with Stoch RSI [stochastic relative strength index] maxed out before a strong break to the upside.
While comforting, the bearish sentiment is confusing.â
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I WONâT BE SURPRISED IF BITCOIN HITS 0K BY 2022, SAYS FAMILY THAT BET EVERYTHING ON BTC AT 0!!
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Didi Taihuttu, his wife, and three kids bet âeverythingâ they have on Bitcoin.Â
This is how the legend of the BTC family begins.
In 2017, CNBC spoke to the Dutch family of five when they were in the process of liquidating their assets â from a profitable business and 2,500-square-foot house, to their shoes â and trading it all in for the popular cryptocurrency and a life on the road.Â
Nearly four years and 40 countries later, Taihuttu and his family still donât have bank accounts, a house, or all that much by way of personal possessions. All of the familyâs savings remain tied up in highly volatile cryptocurrencies.Â
âWe stepped into bitcoin, because we wanted to change our lives,â said the 42-year-old father of three.
When the price of bitcoin collapsed in 2018, Taihuttu added more to his investment portfolio. He says he was always a firm believer that the cryptocurrency was poised for a major rebound.Â
âI think in this bull cycle, we are going to see a minimal peak of $100,000. I wonât be surprised if it hits $200,000 by 2022.âÂ
The price of bitcoin reached an all-time high on Monday, as it closed in on $20,000. And some analysts say the cryptocurrency still has a lot of room to run higher.Â
Mike Novogratz, CEO of investment firm Galaxy Digital, thinks this comeback rally is only just getting started. He sees bitcoin rising to $60,000 by next year.Â
And Tom Fitzpatrick, global head of CitiFXTechnicals, said the charts signaled that bitcoin could reach $318,000 by December 2021, in a report meant for Citibankâs institutional clients and obtained by CNBC.
Taihuttu bought the bulk of his bitcoin holdings when it was was trading at around $900 in early 2017, just months before it reached nearly $20,000 a coin.Â
Even as bitcoin peaked, the family stayed invested in the cryptocurrency. Once the bubble burst, and the price tumbled down to about $3,000 in early 2018, Taihuttu and his family werenât deterred. âWhen bitcoin dipped, we started to buy more.âÂ
When I asked Taihuttu on our Skype call whether he was worried that we could be in the midst of another bitcoin bubble, he doubled down on his investment. âI donât see demand going down,â he added. âI think weâre headed for a supply crisis.âÂ
In other trending Bitcoin News today:
Billionaire Paul Tudor Jones Says Bitcoinâs âCrazy Rocket Ship Rideâ Is Just Beginning
Veteran investor and hedge fund manager Paul Tudor Jones is likening Bitcoin and crypto to the early stages of the internet.
In an interview with Yahoo Finance, Jones says that while he is not sure where Bitcoin will land in the financial landscape a decade from now, he is fairly confident that it is in the early stages of a major upward movement.
âSo what I do know is that itâs no way possible today to know what the next 10 or 20 years are going to be like and I know if I had to take a position on it Iâm going to take the brand name and Iâm going to assume that itâs the wrong price for the possibilities that it has and Iâm going to assume that the path forward from here is north.
I think crypto is going to have a crazy rocket ship ride, up and down along the way, but my guess is that something like Bitcoin in particular will be substantially higher 20 years from now than where it is right now and who knows what role it has in the monetary system.â
âBitcoin reminds me so much of the internet stocks of 1999 because [when] the internet was in its infancy no one knew how to value it because of the world of possibility that lay ahead.
What you can be certain of is that probably 20 years from now is that weâll be using some kind of digital currency.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:
Micro strategy now holds 40k bitcoin.There is about 2.44M bitcoin left to mine.So if we think of fresh supply coming in, there is only room for 61 more companies to hold as much as MSTR before the last sat is mined.
The rest has to be torn out of hodler hands.
â hodlonaut đźâĄđ đ (@hodlonaut) December 4, 2020
https://finance.yahoo.com/news/microstrategy-buys-additional-50m-bitcoin-225922648.html
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âStimulus Bingeâ Will Push Bitcoin Price to ,000 This Year | Massive BTC Drop May Come First
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The outspoken CEO of the cryptocurrency exchange BitMEX is back with a fresh set of BTC predictions for the Bitcoin price and the global economy.
In a new edition of his Crypto Trader Digest, Arthur Hayes says the US government can print enough money to initially weather fallout from the coronavirus.
However, due in part to sinking demand for foreign goods and heavy hoarding of cash from American banks, he believes the US dollar will not flow to the businesses and nations that need it most â triggering a widespread fallout that will âdestroy the global economy.â
âThe Fed can print as much USD as it likes, but the companies and countries that need it the most will not get it⊠I have no idea on timing, but the strong USD will break the back of the global economy and force a reset. The question is what the new system will look like.â
Hayes says Bitcoin (BTC) stands to benefit, especially if the US decides to digitize the dollar.
âAll I know is the setup for Bitcoin, the hardest form of digital money, could not be better. All manners of trust have evaporated. In order to solve for demand and supply destruction, governments will embark on the greatest fiscal stimulus binge the world has ever seen. It will not be paid for by tax receipts, it canât be because 30% of the population is out of a job, it will be paid for by the printing press.
The kicker is that, in order to hand money directly to the people, governments will have to digitize their currencies. That will educate the populace on digital money. Once they understand fiat digital money, they will seek out the hard version to avert the ravages of inflation. If you believed that Libra could educate the masses on the joys of digital currencies, just imagine when everyone on Basic spends their food stamps via a mobile app.â
In the short term, Hayes says he expects global markets to take another beating and the S&P 500 to once again test 2,000.
Alongside traditional markets, Hayes predicts the BTC price could easily crash to $3,000. He warns traders to buy the dip at their peril.
Although Hayes says heâs uncertain on the timing of his predictions, he expects a huge Bitcoin rally will happen this year that brings the leading cryptocurrency back to its all-time high.
âAs violent as the Q1 collapse in asset values was, we have almost 100 years of imbalances to unwind the ancient regime. My end of 2020 price target remains $20,000.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 Tanks Under $7,000 After Rallying 100% From Bottom: Whatâs Next?
https://u.today/number-of-bitcoin-btc-whales-hits-two-year-high-is-another-bull-run-on-the-horizon
https://mailchi.mp/f9aef4cfc78a/crypto-trader-digest-1307898?e=aeae76e39c
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Bitcoin Price âLikelyâ Bottomed in .7K BitMEX Crash Says Tone Vays | BTC Reclaims .3K
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The Bitcoin price likely reached its low when it hit $3,700 earlier this month, veteran trader Tone Vays has forecast as markets remain up 70%.
In the latest episode of his Trading Bitcoin YouTube series on March 29, Vays repeated his previous claim that, logically, the BTC price should bottom at 20% of its 2019 highs â $2,800.
Vays on $2.8K: âI donât think itâs likely anymoreâ
This could occur before Mayâs block reward halving and not endanger Bitcoinâs long-term perspective, he said, but a dive after that event could have grave consequences.
After March 12, when Bitcoin (BTC) bounced off 15-month lows of around $3,700, Vays now thinks that Bitcoin will not return to put in lower levels.
âI donât think itâs likely anymore,â he summarized.
âBecause I think this incident, this event earlier this month was close enough $2,800 that Iâm no longer expecting $2,800.â
Since the bounce, Bitcoin has broadly maintained higher support, with the recovery reaching almost 90% in the subsequent two weeks.
Continuing, Vays suggested that in fact, $2,800 would have appeared during the dive and that it was only the crashing of derivatives giant BitMEX which prevented it.
âIf BitMEX did not go down, we probably would have $2,800 and maybe even lower,â he said.Â
âItâs very possible that if BitMEX didnât crash, the selling would have just accelerated, but right now, Iâm under the assumption that the low is in.â
Bitcoin Price Reclaims $6K as Traders Eye New BTC Futures Gap Above
The past 24 hours had seen the pair dip to lows of $5,870 after signaling weakness throughout the weekend.
Those were short-lived, however, with Bitcoin regaining lost ground within hours.Â
Now, hopes were high that price action would remain more bullish, allowing Bitcoin to close a new futures gap left at the end of trading on Friday.Â
The gap lies between around $6,300 and the closing price of Fridayâs CME futures session at $6,680.Â
As Cointelegraph reported, Bitcoin has very often returned to trade at levels left behind by futures markets â before its price volatility surged in mid-March, just one gap remained, much higher at $11,800.
For Cointelegraph Markets analyst Michaël van de Poppe, however, there was overall still a bearish trend in Bitcoin, despite the upside potential posed by the gap.
âThe first level for support held and weâve pushed upwards. Thereâs also the CME Gap, probably the reason why weâre moving, so that could be closed first,â he tweeted on Monday.Â
âThis means that a $6,050 flip could trigger another push to $6,400-$6,500, before further down.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:
$BTC #BITCOINThe first level for support held and we’ve pushed upwards. There’s also the CME Gap, probably the reason why we’re moving, so that could be closed first.This means that a $6,050 flip could trigger another push to $6,400-$6,500, before further down.
Still bear pic.twitter.com/bn0BHHRDHd
â Crypto MichaĂ«l (@CryptoMichNL) March 30, 2020
https://cointelegraph.com/news/bitcoin-price-reclaims-6k-as-traders-eye-new-btc-futures-gap-above
https://cointelegraph.com/news/bitcoin-price-likely-bottomed-in-37k-bitmex-crash-says-tone-vays
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