BITCOIN SIGNALING MANIA PHASE TARGET PEAK AT $520K PER BTC ON THIS DATE, SAYS CRYPTO STRATEGIST!!

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Bitcoin price experienced a massive spike towards $100,000 on its Quarterly Futures chart.

According to the official Binance announcement, a single user placed several large orders over a very short period of time creating an insane BTC candlestick wick up to $99,964.

This incident did cause the entire Crypto market to shake.

According to Binance, because Futures uses the mark price for liquidations and other calculations, no one was actually liquidated when the BTC price touched $99,964, however, on the spot market, there was a large fluctuation in price.

In less than 1 hour, Bitcoin went from a high of $12,123 to $10,518 before quickly recovering above $11,000.

Ethereum price also got affected dropping from $415 to $325 in the same time frame.

Other major coins suffered the same price action.

In other trending Bitcoin News today:

Bitcoin Now ‘Perfectly on Track’ to $100K, Says Stock to Flow Creator

PlanB, the well-known creator of the contested stock-to-flow (S2F) model, believes Bitcoin (BTC) is now well on track to reach $100,000 as the price has risen to yearly highs.

The optimistic sentiment coincides with the shift in momentum from alternative cryptocurrencies, or altcoins, to BTC. He recently shared,

“I can’t make a chart for you now (at sea), but S2F model perfectly on track.”

At the same time, the price of Bitcoin has increased by 17% this week, as it broke through a major three-year trendline.

As Cointelegraph reported, traders seemingly expect BTC to test higher resistance levels in the near term.

Altcoins declined particularly in the past 72 hours when the price of Bitcoin started to rally.

Ethereum’s Ether (ETH) moved in tandem with BTC throughout the rally, but it slumped against BTC in the past two days.

In the short term, as Bitcoin sees a profit-taking rally from altcoins, some investors expect BTC to outperform altcoins.

Kelvin Koh, the co-founder of Asia-based venture capital firm Spartan Group, said:

“If BTC breaks the resistance at $11.4K, we are going above $12K in no time. Will take the wind out of alts again short term.”

In other trending BTC news today:

Chainlink (LINK) Surges 12% to a Fresh All-Time High of $9.72

For the first time in its multi-year history, the Chainlink price passed above $9.00 for the first time ever on Monday.

At the local highs, the asset reached a price of $9.72, as per data from CoinMarketCap.

This surge comes after Chainlink was subject to a strong retracement after hitting $8.94 near the middle of July.

Like many other leading altcoins, LINK suffered from volatility in the prices of Bitcoin and Ethereum, which centralized gains in those market players.

LINK currently trades at $9.50 as of this time, having dropped slightly from the local highs (which is also the all-time high).

According to Santiment, blockchain analytics firm, indicated amid the surge that there has been an uptick in trading volume and social sentiment.

This may suggest that Chainlink does have room to rally.

What it may also show, though, is that a near-term peak may be reached.

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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:

Chainlink (LINK) Surges 12% to a Fresh All-Time High Above $9

Bitcoin Price Hits $100,000 … Briefly

https://cointelegraph.com/news/bitcoin-now-perfectly-on-track-to-100k-says-stock-to-flow-creator

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Bitcoin evangelist Max Keiser says that BTC has the potential to become the new base layer currency and replace the entire $5 trillion foreign exchange (FX) market.

In an episode of the Keiser Report, the Wall Street veteran takes note of Citibank’s recent report that argues Bitcoin has an advantage in global payments due to its decentralized, deflationary, and secure nature, which are characteristics that put the flagship cryptocurrency in a position to go mainstream.

Keiser highlights that Bitcoin’s advantages as a medium of exchange in global payments are already making banks, including Citibank, obsolete.

“It’s happening right now because the transaction is the settlement, so you don’t need Citibank. It obviates Citibank. It makes Citibank redundant, as are all banks, redundant with Bitcoin. I can trade with you as a currency and it doesn’t require any bank. It doesn’t require a central bank.”

While the Citibank report sees Bitcoin as having evolved from a form of payment to a store of value, Keiser believes it is the other way around.

“And they got it a little bit reversed. They’re saying it started off as a means of payment and people are looking at it as a store of value, but in fact, it started off as a store of value, and now it’s morphing into a means of payment. That’s the whole history of money. So Citibank should know at least the history of money and how money comes into existence but nevertheless, a good effort and I applaud them for at least recognizing that they’re about to go out of business.”

As BTC is starting to be viewed as a more neutral and better settlements layer, the Bitcoin firebrand sees the world’s leading cryptocurrency as something that could supplant trillions of dollars worth of foreign exchange activity.

“Right there’s what, $5 trillion a day in the forex market, foreign exchange, and that could be completely replaced with Bitcoin as the base layer. We’ve seen that demonstrated now buy sending currency from country to country, starting off in one currency, arriving at the destination in that local currency instantaneously, virtually at no cost.”

In other breaking Bitcoin News today:

India To Introduce All-Out Cryptocurrency Ban Targeting Miners and Traders

India is reportedly gearing up to introduce a bill that will criminalize the trading, holding, and mining of cryptocurrencies.

Reuters cites a senior government official familiar with the matter who says the proposal seeks to fine anyone issuing, holding, trading, and transferring crypto assets.

The bill would give owners of cryptocurrencies half a year to sell their digital asset holdings. After the grace period, crypto holders would face penalties.

According to Reuters, government officials are optimistic that the bill will be passed as Prime Minister Narendra Modi’s allies control the parliament.

The report adds that the bill would only ban the private use of digital assets while harnessing the blockchain, the technology powering cryptocurrencies, would still be legal. The source also said that the government will take a “calibrated” approach in penalizing those who fail to liquidate their crypto assets within the six-month period.

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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 IS AN INALIENABLE HUMAN RIGHT

Indians can easily (and should) ignore the government and keep stacking sats per their human rights. India could be the first country #Bitcoin dissolves. $220,000 in 2021 incoming. https://t.co/7bbZVuZ1jN

— Max Keiser (@maxkeiser) March 15, 2021

https://cointelegraph.com/news/3-reasons-bitcoin-fell-6-in-4-hours-is-the-btc-rally-weakening

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Crypto analyst Nicholas Merten says he believes the Bitcoin price is firmly on a long-term trajectory that will bring BTC to $100,000.

In a new episode of DataDash, Merten takes a bird’s-eye look at Bitcoin’s boom and bust cycles over the years.

By looking at the long-term logarithmic chart of the BraveNewCoin Liquid Index (BLX), which provides a reliable USD price of Bitcoin (BTC) based on real-time trading data, Merten sees a likely timeline for the next bull run.

“If we take a look at the previous three clear cycles that we had here in cryptocurrency markets, we can generally take into note that we’ve seen an expansion of about a year added to each and every cycle…

The first cycle was around 11 to 12 months, in this case, for Bitcoin. Afterwards, from the bottom to the high, just like we did with the previous cycle, 24 months… With the third cycle, we have a 35-month period from bottom to top, roughly give or take almost three years…

There’s no guarantee that history is going to repeat itself exactly. There might be some big discrepancies this time around with the macro environment. The halving might play out differently. But if we take a look here of the logarithmic growth curves and take into mind the significant lows and the significant resistance, we actually are going to line up quite nicely here to a top of $100,000, give or take – it might not be exactly even –sometime in 2022.”

The DataDash founder offers two key fundamental catalysts that can drive Bitcoin’s rise to $100,000.

“We haven’t even seen the economic ramifications of the halving event and the continued macro environment going into a higher state of fear. These are the things that can drive Bitcoin to that valuation… I believe pretty consciously in this case that $100,000 is quite reasonable. Bitcoin at over $1 trillion market cap is going to be relatively reasonable in an environment where there’s money fleeing from global bonds, from global currencies, from equities or property markets as we enter into a longer drawn out bear market through a potential depression.”

BITMEX CEO: ‘ALL IN, MOTHERF*CKERS’ ON BITCOIN AND GOLD

BitMEX founder Arthur Hayes put out a thought-provoking piece on the company blog today. He talks about the effect of the COVID-19 crisis on the global economy and states that nothing will ever be the same again.

“The USD fiction is over. It’s time for a new mental crutch.” Hayes ends by stating there are only two things to own during the transition to the new monetary system after the total collapse of fiat. They are Bitcoin and gold.

I will take my inflation adjusted pocket rockets (gold and bitcoin), and call your Bretton Woods seven two off suit. All in, mother f*ckers.

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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:

Truly Incredible maybe even once in a lifetime.

Investment grade corporate bond index back to near ALL TIME highs. Fed buying junk bonds too. Risk of bankruptcies reduced even with 20m unemployed. Unprecedented “Unlimited” liquidity could not be more bullish for gold and btc. pic.twitter.com/F5X6A2rf2r

— Dan Tapiero (@DTAPCAP) April 10, 2020

BitMEX CEO: ‘All in, Motherf*ckers’ on Bitcoin and Gold

Bitcoin: This Financial Trend “Could Not Be More Bullish” for BTC