TOP ANALYST PREDICTS MASSIVE BITCOIN TECH BUBBLE-STYLE BLOW-OFF TOP!! NEW BTC PRICE FORECAST!!

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The entire crypto market could increase in size by 50,000%, according to macro investor and Bitcoin advocate Raoul Pal.

“This is a multi-quadrillion dollar world that’s being developed in terms of flow. In terms of the stock market, the bond market, the equities markets – all of these things are two, three, four hundred trillion dollar markets each. Currently the digital asset sector is [$2.26 trillion], so what is it going to be worth? At least 100x from here still, probably 200x maybe even 500x.”

In other trending Bitcoin News today:

Investors’ on-chain activity hints at Bitcoin price cycle top above $166,000

Based on the current NVT price of $47,500, the next major short-term top with an NVT premium of 2 could likely be at or above $95,000 while a potential cycle top, with an NVT premium of 3.5, could be at or above $166,300.

What’s more, a $166,000 price tag may actually be a fairly conservative prediction, according to Woo. The analyst explained that BTC price could also reach as high as $300,000 by December 2021, based on other metrics.

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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/investors-on-chain-activity-hints-at-bitcoin-price-cycle-top-above-166-000

https://cointelegraph.com/news/eth-bonanza-as-three-north-american-ethereum-etfs-approved-in-one-day

https://cointelegraph.com/news/record-600m-bnb-burn-suggests-binance-made-750m-in-profit-in-q1

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Billionaire Tim Draper, a prominent BTC investor, who has supported Tesla, Skype, Hotmail, Twitter, Coinbase and other prominent companies with his money, still believes in his prediction that Bitcoin will hit $250,000 by the end of 2022 or early 2023.

In a recent interview, he has confirmed his bullish take on the near future of Bitcoin, saying that BTC will be getting massively popular as its adoption will be growing.

In particular, Draper stated that Bitcoin is about freedom and trust. The particularly string effect made by BTC has recently been felt in Argentine and Nigeria, as per him, where are the local currencies have been constantly devaluating.

In other trending Bitcoin News today: A rare bullish Bitcoin signal, the ‘difficulty ribbon compression’, has started pumping up for the first time since the bull run started which is historically a very bullish sign, as Crypto analyst the Moon Carl shares on Twitter to his 382,500 followers!

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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://u.today/tim-draper-stands-by-250000-per-bitcoin-says-it-is-modern-inflation-hedge-thanks-to-constant-usd

A Rare Bullish Bitcoin Signal Has Finally Appeared

https://cointelegraph.com/news/bitcoin-bounces-off-31k-after-bank-of-america-greenlights-btc-futures-trading

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Since the Bitcoin price tapped $6,500 in late-November, analysts have been wondering if the bottom is really in.

The BTC price bounced by 20% from $6,500, hitting $7,850 just a week after that.

Now, Bitcoin (BTC) is currently trading at just above $7,500, seemingly trying to establish a market trend for the coming week.

While some say that Bitcoin’s inability to move past the resistance in the high-$7,000s is decisively bearish, an analyst has said that the odds are leaning in the favor of bulls.

Why BTC Could Jump 15%: Popular trader Mr. Chief (or Halo Crypto) recently noted on Crypto Twitter that the cryptocurrency ball is finally entering the court of the bulls.

He noted that the inverse chart of Bitcoin has shown that the cryptocurrency has broken below (meaning above) a key trend line that has been in place for over six weeks.

The asset is also situated in a descending channel (actually an ascending channel) that implies a move to $8,500 is “definitely on the table.”

A move to $8,500 would mark a 15% rally from current price levels. Also Adaptive Capital’s Willy Woo, a popular on-chain metrics analyst, noted on Dec. 7 that a proprietary indicator his fund uses is implying that the usage of the Bitcoin network is implying that bulls will soon gain the upper hand again:

“On-chain momentum is crossing into bullish [territory]… The bottom is most likely in, any [move] lower will be just a wick in the macro view.”

In other Crypto news today,

Deutsche Bank Research: Crypto to Replace Fiat Currencies by 2030 By 2030, the demand for alternative currencies will rise, with digital currencies eventually replacing cash, according to recent research from Deutsche Bank.

In the “Imagine 2030” report, Deutsche Bank strategist Jim Reid raised awareness of the challenges the existing fiat system has encountered in recent years, specifically with the emergence of cryptocurrencies.

Reid stipulated that people’s heightened demand for dematerialized means of payment and anonymity could drive more individuals to digital currencies.

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Trezor: ► http://trezor.cryptonewsalerts.net

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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:

On-chain momentum is crossing into bullish. Prep for halvening front running here on in. Can’t say what this indicator is, as it’s proprietary to @AdaptiveFund, but it tracks investor momentum. The bottom is mostly likely in, anything lower will be just a wick in the macro view. pic.twitter.com/WqiPRpweUv

— Willy Woo (@woonomic) December 7, 2019

15% Jump to $8,500 on the Table for Bitcoin Price; Analyst Explains Why

https://cointelegraph.com/news/deutsche-bank-research-crypto-to-replace-fiat-currencies-by-2030