I EXPECT BITCOIN TO GO WELL INTO 6-FIGURES THIS YEAR AS BTC DISRUPTS THE WORLD, SAYS STRIKE CEO!!!!

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A crypto analyst who called Bitcoin’s dramatic 2019 correction says Bitcoin (BTC) is well-positioned for a boom and bust cycle that brings the Bitcoin price to $400,000.

The pseudonymous strategist, known in the industry as Dave the Wave, accurately predicted the start of Bitcoin’s 2019 reversal.

On July 11th of last year, with BTC at $11,600, the analyst said Bitcoin appeared to be at the start of a parabolic downtrend that would last until the king of crypto hit $6,000 at the end of the year.

The prediction turned out to be remarkably on point, with the BTC price reaching a yearly low of $6,425 in December.

Dave is now updating his long-term Bitcoin forecast. By plotting a curve based on Bitcoin’s past price history, he expects BTC to witness decreasing volatility in the decade ahead.

He predicts BTC will spike to around $110,000 at the end of 2022, followed by a crash to a low of $30,000 in 2025.

After that, the analyst believes Bitcoin will begin a long-term grind that will end at around $400,000 in 2029.

In the short term, economist Alex Krüger says BTC may push from its current price of just over $7,000 to $7,700.

But after that, he’s expecting another retracement to $6,400.

However, Krüger warns that Bitcoin appears to remain closely correlated to traditional markets, and all bets are off if the stock market takes another beating.

“[Bitcoin’s price action] would depend on what stock indices do. Bitcoin continues to trade like a risk-on asset. Rolling correlations between BTC and the S&P 500 remain around historical highs.”

FRACTAL ANALYSIS: BITCOIN PRICE WILL ROCKET 35% HIGHER AHEAD OF HALVING

Despite the overarching risks of an economic recession, Bitcoin has performed well over the past few weeks, rallying higher and higher over week after week, shunning off bearish narratives.

In fact, since the $3,700 bottom, the cryptocurrency has gained over 80%, reaching as high as $7,500 but now trading at $7,050 as of the time of this article’s writing.

What’s crazy is that just a few weeks ago, there were analysts seriously thinking the cryptocurrency was on its way to fresh macro lows, meaning a low below Bitcoin’s bottom of $3,150 in December 2018.

Now, analysts are expecting the cryptocurrency to rally even higher, with a prominent trader suggesting BTC could begin a multi-week surge towards $9,000 in the coming days.

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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:

In the event this continues to play out I’m expecting a green start of the week followed by 8800-9000 next weekend. https://t.co/a47pnvmIeb for who’s curious about the tools.

And most important. Anything under 7000 is probably a gift right now.

— Galaxy (@galaxyBTC) April 17, 2020

7700/7800 is a big deal for $BTC. There’s many different fib levels given how different exchanges had very different March lows, mainly courtesy of Bitmex.

— Alex Krüger (@krugermacro) April 16, 2020

Fractal Analysis: Bitcoin Price Will Rocket 35% Higher Ahead of Halving

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The past few weeks have undoubtedly been rough for crypto; from the February highs, the Bitcoin price has fallen 36%, reaching a low of $3,800 in March.

Robert Kiyosaki, the author of the popular financial book “Rich Dad Poor Dad,” sees no reason to fear, though. In fact, the well-known investor recently went as far as to say that it’s time to drop dollars for Bitcoin (BTC) and other hard money.

In a recent tweet, Kiyosaki explained that with the Fed “counterfeiting […] trillions of fake dollars – $82 billion a month to $125 billion a day” and interest rates at 0%, it makes sense to save “gold, god’s money, or Bitcoin, people’s money,” rather than the fiat dollars that don’t yield anything and are being constantly debased.

He added in a later tweet that the dollar is likely “dying,” boosting the case to invest in gold, silver, and Bitcoin.

“DEATH OF DOLLAR. People desperate for money. Very sad. If government gives you free money take it yet spend it wisely. DO NOT SAVE. Buy gold, silver, Bitcoin. Dollar is dying. Silver $20. Best Buy for future security. Everyone can afford $20, especially with free fake money.”

It should come as no surprise, then, that demand for Bitcoin is booming regardless of the current BTC price action.

Leading cryptocurrency exchange Coinbase reported that during the now-infamous “Black Thursday” crash, the exchange saw a dramatic surge in buying interest for cryptocurrency:

“But beyond just a rush, two things are clear: customers of our retail brokerage were buyers during the drop, and Bitcoin was the clear favorite. Our customers typically buy 60% more than they sell but during the crash this jumped to 67%, taking advantage of market troughs and representing strong demand for crypto assets even during extreme volatility.”

The U.S.-based Kraken corroborated this narrative, writing in a recent tweet that the exchange “recorded an 83% rise in sign ups, and a 300% increase in verifications” over the past few weeks.

John McAfee Calls Bitcoin (BTC) ‘Worthless,’ Shows Support for These Three Cryptocurrencies

Controversial antivirus mogul John McAfee, who boasts more than 1 mln Twitter followers, doesn’t think that Bitcoin is the driver of his popularity.

The crypto baron unapologetically called the leading cryptocurrency ‘worthless’ in response to one user who claimed that people are only interested in his personality because of BTC.

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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’s widely used among tens of thousands of us who no longer use banks, credit cards or paper currency.There is nothing that you need that can’t be bought through DAI, Monero or Ethereum.Homes, cars, hotels, air travel, food etc.Exceptions:– coffee– Pizza

– Hookers

— John McAfee (@officialmcafee) April 4, 2020

DEATH OF DOLLAR. People desperate for money. Very sad. If government gives you free money take it yet spend it wisely. DO NOT SAVE. Buy gold, silver, Bitcoin. Dollar is dying. Silver $20. Best Buy for future security. Everyone can afford $20, especially with free fake money.

— therealkiyosaki (@theRealKiyosaki) April 4, 2020

Traders Are Loading Up On Bitcoin Longs: What Does This Mean?

The U.S. Dollar is Dying, Buy Bitcoin: “Rich Dad Poor Dad” Author

https://u.today/john-mcafee-calls-bitcoin-btc-worthless-shows-support-for-these-three-cryptocurrencies

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Early Bitcoin developer and co-founder of Ethereum and Polkadot, Gavin Andresen, is outlining a future where BTC rises to a staggering $6,000,000 per coin.

Gavin Andresen, who took over as Bitcoin’s lead maintainer from founder Satoshi Nakamoto in 2011, just published a new blog post detailing how BTC’s theoretical evolution could look.

In other trending Bitcoin News today: Bitcoin Will Disrupt the Payments Industry, Says Strike CEO After BTC Tipping Rolls Out on Twitter!

CEO Jack Mallers says in a new CNBC interview that his company’s recent partnership with Twitter to bring BTC tipping to the social media giant will make paying people as easy as messaging them over the internet.

“We’re using Bitcoin to make tweeting at someone as easy as sending money to someone, anywhere in the world, any time, any place, any currency, it doesn’t matter… You have absolute payment disruption that’s been a long time coming.”

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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/a-third-of-salvadorans-actively-using-chivo-wallet-president-bukele-claims

https://cointelegraph.com/news/bitcoin-could-hit-37k-but-trader-says-btc-price-top-will-be-number-you-can-t-comprehend

https://cointelegraph.com/news/bitcoin-volatility-continues-as-btc-price-closes-in-on-critical-weekly-close