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A Bitcoin breakout to avoid a fresh price dip below $30K would be a âmiracle,â says top trader Crypto Ed, as storm clouds gather for BTC bulls.Â
âNow in green box but Iâd expect 1 more leg down today, followed by a bounce to ~35k From there down again, sub 30k, or âup onlyâ again, but the latter feels more like a miracle tbh.â
In other trending Bitcoin News today: As Bitcoin and Crypto Markets Retreat, On-Chain Analyst Says Major Shift Happening Behind the Scenes! With the crypto market struggling to sustain any bullish momentum, Popular on-chain data analyst William Clemente tells his 99,700 Twitter followers that sellers in the BTC market are starting to show signs of exhaustion.
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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/bitcoin-price-due-for-break-below-30k-trader-warns-after-9-daily-loss
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Venture Capitalist Forecasts Bitcoin Burst to ,000, Says 3,132% Ethereum Rally Will Outshine BTC
âĄïžÂ Teeka Tiwari â Investment of the Decade:  http://2020.cryptonewsalerts.net
Placeholder Capital partner Chris Burniske says he believes a new Bitcoin bull cycle will bring the BTC price to at least $50,000.
Burniske says the prediction is designed to account for Bitcoinâs historic pattern of posting diminishing returns for each subsequent bull run.
âWhy Bitcoin $50,000? As discussed in May 2019, if BTC is half as volatile in this cycle as it was in the last, we would still expect it to cross $50K and $1 trillion in network value. $1 trillion has been a long time coming for this macro-asset.â
If Bitcoin can mount such a rally, Burniske says Ethereum will likely once again outperform BTC, as it did during the previous parabolic crypto cycle in 2017.
If that happens, he expects ETH to surpass $7,500 â a 3,132% increase from todayâs price of about $232.
âMeanwhile, to the mainstream ETH will be the new kid on the block â expect a frenzy to go with that realization. Given ETHâs outperformance of BTC over its lifetime (chart below again), not to mention smaller network value and strong on-chain economies, I see every reason for ETH/BTC to surpass ATHs. If BTC goes $50,000+ in the next cycle, and ETH/BTC returns to its former ATH, then expect to see ETH $7,500+.â
Burniske, who is a big fan of the Ethereum-based push to decentralize finance, says he thinks itâs still early days for crypto.
He expects mainstream retail investors to repeatedly jump into the market in a cyclical pattern on the path toward widespread adoption.
âCrypto is still off the radar compared to 2017-style interest, and that type of interest will come again, and again, and again, and⊠Each cycle with past narratives hardened + new narratives that drive further conversion of users, suppliers, developers, and investors.â
In other trending Bitcoin News today:
As Bitcoin Suddenly Surges 7.82%, Traders Spark Breakout Calls Above $10,500
Bitcoin bounced back on Tuesday after the Federal Reserve announced its plans to purchase corporate bonds to boost the financial markets through the pandemic.
The benchmark cryptocurrency surged by up to 7.82 percent from its Monday low below $9,000.
The move uphill took its price above $9,500, sparking calls towards an extended recovery run towards the $10,000-$10,500 area.
One pseudonymous analyst said earlier Tuesday that Bitcoinâs recovery from below $9,000 is a part of a âre-accumulationâ strategy.
He concluded that the cryptocurrency would break above $10,500, a resistance level from June 1, 2020, and February 13, 2020, as the uptrend flourishes.
The analyst explained that bitcoin is testing 10,500 for the third time since February 2020.
Nevertheless, each downside break leads to an accumulation phase that causes Bitcoin to retest the red area, as shown in the chart above.
âWe have been sitting under this level and consolidating now for a month,â he added. âMany believe that this sideways consolidation we have been seeing on $BTC for the last month or so is distribution before a larger move back down to 6-7kâs. I personally believe that this is rather re-accumulation before the inevitable break of 10.5k.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:
No I think the lows are in. Here is the way I am counting it. This was shared when BTC was at 5-6k. A running flat for Wave 2 allows for a corrective move up off the lows rather than an impulsive one like most have been looking for. pic.twitter.com/ENxNFAAUlQ
â Credible Crypto (@CredibleCrypto) May 12, 2020
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,000 BITCOIN EXTENDED TARGET TRIGGERED!! YEAR-END GOLD AND BTC PRICE PREDICTIONS!!
âĄïž Tap into OPM (Other Peopleâs Money): http://opm.cryptonewsalerts.net
Crypto analyst spotted this strong Bitcoin bullish harmonic structure in an advanced form.
The pattern is pointing towards a $32,000 BTC price as the next bull run target.
Yesterday, Bitcoin price reclaimed its critical $12,000 resistance before suddenly dropping by $500 in seconds to fill futures gap.
A bounce off $11,500 saves investors from serious pain but $12,000 remains a problematic level to flip to support.
Data from Cointelegraph Markets and Coin360 showed BTC/USD nosedive 4% during Monday trading, bouncing off $11,500 and since returning to $11,700.
In doing so, Bitcoin neatly filled the latest gap in CME Groupâs Bitcoin futures markets, which lay just below $11,700.Â
A classic move, Cointelegraph predicted on the day that markets would likely attempt to go lower on short timeframes to fill the gap, in line with standard behavior.
The event caused a dramatic spike in liquidations on derivatives giant BitMEX, data from monitoring resource Skew confirms.
For Cointelegraph Markets analyst MichaĂ«l van de Poppe, the sudden dip suggested that Bitcoin was returning to the pattern of behavior seen in recent months.Â
âSmaller timeframe chart explaining what just happened. Essentially, weâre back into the ranging gameplan,â he told Twitter followers.Â
âRangingâ within a certain price corridor has become a feature of BTC/USD in 2020, with recent gains upending a protracted period, which slowly narrowed to point â a process known as compression.
Going forward, lower levels could see a retest, with significant support just above $10,000 still apt to form the price floor, Van de Poppe thinks.
âLarger timeframe; still expecting such a scenario,â he continued.Â
âIf we break $12K however, I assume weâll see $13k.â
Attention will thus now focus on bullsâ ability to cement $12,000 as a support zone, something which has yet to occur on any meaningful level for Bitcoin.Â
Nonetheless, the latest weekly close marked the highest since January 2018 and the initial fall from Bitcoinâs all-time highs of $20,000.
In other trending Bitcoin News today:
âCapital Flight out of Asia Is Taking Bitcoin Expressâ Says Max Keiser
Capital flight out of Asia is one of major reasons for Bitcoin (BTC) hitting new 2020 highs in August, a major Bitcoin advocate believes.
Max Keiser, a famous American broadcaster and known Bitcoin bull, is confident that rising tensions in Asia are one of factors for Bitcoinâs rally up to $12,000.
In an Aug. 10Â tweet, Keiser argued that Bitcoin is a solid method to move big amounts of money abroad while crossing borders.
According to Keiser, a number of people in Asia are using Bitcoin to move their money out of the continent as geopolitical tensions risk affecting markets.
âCapital flight out of Asia taking the Bitcoin express,â Keiser wrote. Comparing Bitcoin to gold â one of the worldâs most popular safe-haven assets, Keiser argued that Bitcoin is one of the few ways to move a fortune abroad. Keiser said, âYou canât take it with you, unless itâs Bitcoin â then you can take IT ALL with you. (Something near impossible with gold).â
The news comes amid reports of Chinese citizens illegally crossing into the United States with $28,000 worth of gold bars.
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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 up as tensions rise in Asia
Capital flight out of Asia taking the #Bitcoin express
You canât take it with you, unless itâs Bitcoin â then you can take IT ALL with you
(Something near impossible with Gold)
â Max Keiser (@maxkeiser) August 10, 2020
$BTC #BITCOINSmaller timeframe chart explaining what just happened. Essentially, we’re back in to the ranging gameplan.
Larger timeframe; still expecting such a scenario. If we break $12K however, I assume we’ll see $13k. pic.twitter.com/vjnJzJfVzC
â Crypto MichaĂ«l (@CryptoMichNL) August 10, 2020
https://www.tradingview.com/chart/XBTUSD/CtL1HlXn-Bitcoin-to-32k/
https://news.bitcoin.com/year-end-gold-and-bitcoin-price-predictions-from-regular-everyday-people/
https://cointelegraph.com/news/bitcoin-price-suddenly-drops-by-500-in-seconds-to-fill-futures-gap
https://cointelegraph.com/news/capital-flight-out-of-asia-is-taking-bitcoin-express-says-max-keiser
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BITCOIN SURGES AS PAYPAL LAUNCHES CRYPTO PAYMENTS AT 29M MERCHANTS!! $1T SET TO FLOW INTO CRYPTO!!
đ° Cryptoâs Next $1 Trillion Coin: http://teeka.cryptonewsalerts.net
Bitcoin (BTC) neared $60,000 on March 30 after PayPal confirmed that it had formally launched cryptocurrency payments.
âThis is the first time you can seamlessly use cryptocurrencies in the same way as a credit card or a debit card inside your PayPal wallet,â President and CEO Dan Schulman told Reuters.
In other trending Bitcoin News today:
$1,000,000,000,000 To Flow Into Crypto Starting in April, Says Mike Novogratz
Galaxy Digital founder Mike Novogratz believes that $1 trillion dollars are about to be injected into the crypto sector.
In a Reuters Digital Assets Week interview, Novogratz says that as traditional financial institutions begin to offer cryptocurrency products, Baby Boomers, or those currently between 55 and 75 years old, could start dabbling in the space in April.
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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:
No paper money/ fiat currency these past 300 yrs has escaped a 99% loss in purchasing power and UBI and MMT wonât stop paper money from becoming worthless either.
The problem is with the money itself #Bitcoin fixes this.
â Max Keiser (@maxkeiser) March 29, 2021
https://cointelegraph.com/news/do-100k-300k-bitcoin-call-options-signal-a-bullish-btc-price-path
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