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Popular Crypto analyst, Kraken and Bitcoin Magazine editor, Pete Rizzo called BTC cycle price tops âpsychological attacks on Bitcoinersâ and predicts Bitcoin to hit $500K this year.
âIf Bitcoin wants to create a top, it going to have to convince some of the never-sell-Bitcoin bulls to give up some Bitcoin,â he said.
âIâm confident in the Bitcoin technologyâs ability to coax sellers back to the market, and the price at which it does so will likely be higher than we can posit currently because itâs an attack on us.â
Rizzo casually mentioned now-commonplace figures ranging from $300,000 to $500,000 â âhigh enough to really wow.â
In other trending Bitcoin News today: Ethereum hits new ATH after Altair upgrade shows clear path to the merge.
The price of Ether (ETH) has bounced to a new all-time high (ATH) on Friday as it hit $4,400.97 at around 1:02 am UTC, according to the ETH/USD price indexes on Coinbase and CoinMarketCap.
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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.
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Bitcoin Attempts Fresh Increase, Why BTC Could Struggle Near $62K
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BITCOIN HAS AIR FROM K TO NEW ATH, I DONâT EXPECT ANY PULLBACK UNTIL K BTC SAYS MAX KEISER!!
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Max Keiser, Wall Street veteran and Bitcoin pioneer just tweeted the following regarding his short term BTC price prediction:
âAs Iâve been pointing out⊠Thereâs nothing but air from $14,000 to new ATH. I donât expect any kind of pullback until $28,000 and it may be short lived.â
This was in response to a tweet from Matt Kaye who shared:
âAfter $14,000 there are literally no coins on the booksâŠOnly 900 new BTC mined per day. Thatâs ~$13MM of fresh daily sell side. These are the makings of a sell side liquidity crisis aka reflexive buying to the upside.â
Bottom line, most cryptocurrency influencers across the board are all pretty much very bullish right now on king of all crypto.
In other trending Bitcoin News today:
Crypto Analyst Calls Bitcoin the âMost Bullish Asset of Our Timeâ As Traders Track Ethereumâs Next Move:
A widely-followed crypto trader and influencer says he expects Bitcoin to continue rallying and shatter its all-time high in the coming months.
The pseudonymous trader tells his 231,000 Twitter followers that Bitcoin is âthe most bullish asset our timeâ as he believes BTC will blaze through its all-time high of $20,000.
According to a chart shared by block explorer service Blockchain.com, Bitcoin has meteorically risen from $0.06 in September 2010 to its current price of around $13,000, representing an increase of over 26,600,000% in a span of 10 years.
Meanwhile, gold and the S&P 500 have climbed 103% and 233%, respectively, over the same stretch.
While Bitcoin continues to show signs of strength, Ethereum (ETH) is struggling to maintain its bullish steam as the leading smart contract platform moves below $400.
Despite the pullback, the top traders in the industry remain long-term bullish on Ethereum. Crypto strategist Scott Melker tells his crew of 129,000 that heâs ready to buy more ETH even if it drops all the way down to support of $360.
âETH (USD) Approaching my bids. I am interested in the black line as a potential resistance to support flip, and slightly below at the EQ of the trading range, another resistance to support flip. $389-395, give or take. If it drops lower I will buy more, down to $360 or so.â
Crypto trader Rekt Capital believes Ethereum is in the phase of consolidating gains and itâs only a matter of time before the second-largest cryptocurrency resumes its uptrend.
âETH continues to follow BTC. While BTC has broken out to new highs, ETH has broken back into its previous money flow channel. ETHUSD will be range-bound between $391-$434 for now. I expect ETH to resume its catchup to BTC once BTC cools down.â
While other traders are long-term bullish on Ethereum, closely-followed trader DonAlt is cautious on ETH as he says the cryptocurrency is struggling to move above monthly resistance of $400.
âIn stark contrast to BTC, ETH has failed its monthly level and is now finding resistance there. If ETH fails to reclaim that resistance this month I think $270 (the next support) is more likely than further upside.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.
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As Iâve been pointing out⊠There nothing but air from $14,000 to new ATH
I donât expect any kind of pullback until $28,000 and it may be short lived. https://t.co/UC0iCCVzp6
â Max Keiser (@maxkeiser) October 27, 2020
While we wait for BTC post an all-time-high, both on the monthly chart of $14k and the 20k prior top. I’ll point out that the organic valuation under NVT Price from underlying long term investors is already at an all-time-high. Price will follow. pic.twitter.com/s5uVN5EtM2
â Willy Woo (@woonomic) October 27, 2020
I do think we will see an all-time-high price for #Bitcoin before 2020 is over. Even though the price has climbed from 10k to almost 14k in less than a month, it hasn’t really gone on a breakout run yet. When we start to see 3-5k surges then the bulls will be on the run
â Tyler Winklevoss (@tyler) October 27, 2020
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Max Keiser Explains That His 0K Bitcoin (BTC) Price Prediction Will Coincide with USD Collapse
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Outspoken Bitcoin investor and host of the Keiser Report, Max Keiser, explains that his $400K BTC price prediction will coincide with the U.S. dollarâs collapse.
Cointelegraph Markets spoke with Wall Street veteran and host of the Keiser Report, Max Keiser, who explains the increasingly important role of Bitcoin in geopolitics amid potential âhash warsâ and why he believes Paul Tudor Jones will become the biggest holder of BTC within two years.
Do you see the stock market hitting new all-time highs this year? What does this mean for Bitcoin? Your Bitcoin price target by 2021?
Max Keiser:Â The U.S. stock market will probably hit new highs just like the markets hit new highs in Venezuela, Zimbabwe and Iran. Not because companies are doing well but because the currencies are collapsing.Â
âMy target for BTC since 2011 has been $100,000 and I recently upped that to $400,000. The timing depends on when exactly the $USD collapses.âÂ
It could happen any day. Better to be a few months early than a day late. When the dollar cracks, BTC price gaps higher by $10,000 at a clip. If youâre not already positioned, youâll be eating dirt.
Major banks are now changing their tune about Bitcoin, most notably JPM. Why do you think this is the case, and will this be a continuing trend?
Max Keiser:Â You donât change Bitcoin, Bitcoin changes you â per the Heisenberg Principle effect â and the existence of a self-aware Bitcoin. With this in mind, I helped direct BTCâs attention to Jamie Dimon and JP Morgan by effectively âpainting the target.â
The protocol cracked that nut and now Jamieâs a BTC drone. The same thing is happening to Peter Schiff.Â
Youâve recently spoken with Bitcoin & Black America author Isaiah Jackson on your show. Why is this book so significant and timely right now with the current social unrest in the U.S.? How does Bitcoin help blacks in America?Â
Max Keiser:Â Bitcoin helps the biggest victims of fiat money the most. Americaâs Black community is the biggest victims of Americaâs fiat money so they potentially are the biggest winners as Bitcoin pushes out fiat and becomes the global reserve currency. I said on Keiser Report back when BTC was $1 that Americaâs Black community should buy up all the BTC they can and then they could buy the White community if they chose to.Â
In other trending Bitcoin News today:
Bitcoin (BTC) Primed for Big Move to the Upside, Says Former Goldman Sachs VP â Hereâs
Why Koyfman, who is now the founder and CEO of markets intelligence firm Koyfin, says the Fedâs resolve to print US dollars and prop up the economy may end up weakening the worldâs reserve currency and giving BTC a serious boost.
âThe Fedâs commitment to prolonged use of QE may represent a major turning point for the US Dollar. Over the past 30 years, the US Dollar has formed three distinct tops in 1985, 2000 and potentially in 2020âŠ
A break below [the current] trend line would confirm a major decline for the USD with implications across asset classes. According to Koyfman, Bitcoin is already well-positioned to rally on its own, and he believes a weak dollar would propel the top cryptocurrency past its all-time high of about $20,000.
âBitcoin is setting up to have a significant move higher, and a weaker USD would be a strong tailwind⊠Bitcoin has consolidated over the past two years and is primed to make a big move higher⊠USD weakness may be a catalyst for Bitcoin breaking out to new highs.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:
$BTCLower time frames show compression of the price which should lead to volatility in the next 12 hours Reclaiming $9550 is still the level to watch for a continuation to the upsideBreak back down would lead to $9250 and likely lower
This is current range to watch pic.twitter.com/t4yMYlkvGP
â Josh Rager đ (@Josh_Rager) June 17, 2020
https://cointelegraph.com/news/paul-tudor-jones-to-be-biggest-bitcoin-holder-in-2-years-max-keiser
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TOP NEW YORK EXECUTIVE SEES BITCOIN AT $150K BY END OF THIS YEAR!! SUPER BULLISH BTC PREDICTIONS!!
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There is nothing stopping Bitcoin from attempting to become a six-figure asset, the Magnetic managing director William E. Quigley professed in an interview with CNN Business.
The New York-based senior executive listed a string of reasons behind his bullishness on Bitcoin, the worldâs leading decentralized cryptocurrency whose rates surged from as low as $3,858 just shy of $58,500 in the previous 12 months.Â
They included Bitcoinâs scarcity and growing demand among mainstream corporate houses that look for alternative store-of-value assets for their balance sheets.
A pre-embedded algorithm within the Bitcoin blockchainâs source code reduces its supply rate by half every four years or after every 210,000 blockâan event known as âhalving.â Meanwhile, there can only be 21 million BTC tokens in existence, making the cryptocurrency scarce, making it more valuable in the long-term if the demand for it rises.
Bitcoin has had three halvings in the past. The November 2012 and June 2016 supply cuts saw the BTC/USD rates jumping from about $12 to nearly $1,150 and $650 to almost $20,000.
Meanwhile, the third halvingâthat took place in May 2020âhas followed up with up to 558 percent rise so far. It prompted Mr. Quigley to see a bullish fractal.
âWe are about halfway through the post-halving bull run,â the executive noted. âSo, by my judgment, we have a lot more to go with Bitcoin. Certainly a hundred thousand and quite possible a $150,000 by the end of this year to maybe Q1 next year.â
BITCOIN DEMAND GROWS
That explains why even corporates have started embracing the flagship cryptocurrency as an alternative to cash. Tesla, the worldâs leading electric carmaker, revealed in February that it added $1.5 billion worth of bitcoin in its balance sheet, noting that it would also start accepting the cryptocurrency for its services and products.
MasterCard, a credit card giant, announced that it would integrate crypto tools into its services in the same month. Bank of New York Mellon, the USâs first banking firm, joined the ranks by announcing that it would offer bitcoin custodianship via the same platform that its clients use for traditional securities and cash.
âThe latest survey I saw showed that 5 percent of the public-traded companies in the US would consider adding Bitcoin to their balance sheets,â said Mr. Quigley. âAnd the reason they are thinking that is that corporates have trillions of dollars in cashâand where do they put it? There are government bonds but $17 trillion of them yield negative returns.â
In other trending Bitcoin News today:
Experts Divided on BTC Predictions: Bullish or Super Bullish?
Despite the current battle between Bitcoin bulls and bears around the $50,000 price mark â and an 8.7% pullback over the past 24 hours â a raft of analysts and commentators have got out their crystal balls to tip a glittering future for Bitcoin prices.
On Mar. 4, Senior Commodity Strategist for Bloomberg Intelligence Mike McGlone pointed to historical data to suggest that Bitcoin is on the way to $100,000.
âGrayscale Bitcoin Trust Discount May Signal March to $100,000 â Bitcoinâs end of February price disparities on U.S. regulated exchanges portend a firming price foundation, if history is a guide, and are evidence of just how nascent the crypto is.â
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DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky, especially when trading with leverage. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.
Show Notes / Resources:
Today is the two year anniversary of my #Bitcoin Halving Reward Era Price analysis chart.It is by far the most accurate, long-term chart prediction I’ve ever seen for Bitcoin.
I still trust it.$BTC will hit $200K+ this cycle. pic.twitter.com/jwUcOpHeXC
â K A L E O (@CryptoKaleo) February 13, 2021
Bitcoin is more likely to hit $1,000,000 than $0.
â Dan Held (@danheld) March 4, 2021
https://bitcoinist.com/top-new-york-executive-sees-bitcoin-price-at-150000-by-q1-2022/
https://cointelegraph.com/news/experts-divided-on-btc-predictions-bullish-or-super-bullish
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