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Dan Held, the director of growth marketing at crypto exchange Kraken, says that Bitcoin could surge by over 500% if BTC follows the cycle of its 2013 bull run.

In a new interview on Altcoin Daily, Held compares the current state of the cryptocurrency market to what happened in 2013. He also shares his price prediction based on Bitcoin potentially mimicking its 2013 cycle.

“If we repeat 2013, we could see Bitcoin hitting between $300,000-$400,000 Bitcoin. Now. history usually rhymes, it doesn’t repeat itself, so it’s probably not going to be exactly that, but if it did, that would be my best price point.

So my price point, I would say that I think it’s going to land probably between [$100,000 and $300,000]. But if we match 2013 again, it could be [$300,000 to $400,000].”

In other trending Bitcoin News today: Bitcoin bullish cross on weekly chart paints $225K BTC price target if history repeats!

The weekly MACD delivered six-month gains of 450% the last time it flipped into bullish territory.

The last time that a bullish crossover occurred, BTC/USD saw a 5.5X price increase — from $11,500 in October 2020 to all-time highs of $64,500 just six months later.

Should history repeat itself, Bitcoin could end up at over $220,000 by the end of the year or in early 2022.

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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-bullish-cross-on-weekly-chart-paints-225k-btc-price-target-if-history-repeats

https://cointelegraph.com/news/here-s-what-traders-expect-now-that-bitcoin-price-rallied-back-to-50k

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Max Keiser, Wall Street veteran and Bitcoin pioneer just tweeted the following regarding his short term BTC price prediction:

“As I’ve been pointing out… There’s nothing but air from $14,000 to new ATH. I don’t expect any kind of pullback until $28,000 and it may be short lived.”

This was in response to a tweet from Matt Kaye who shared:

“After $14,000 there are literally no coins on the books…Only 900 new BTC mined per day. That’s ~$13MM of fresh daily sell side. These are the makings of a sell side liquidity crisis aka reflexive buying to the upside.”

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 ‘Most Bullish Asset of Our Time’ As Traders Track Ethereum’s 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 “the most bullish asset our time” 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 he’s ready to buy more ETH even if it drops all the way down to support of $360.

“ETH (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.”

Crypto trader Rekt Capital believes Ethereum is in the phase of consolidating gains and it’s only a matter of time before the second-largest cryptocurrency resumes its uptrend.

“ETH 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.”

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.

“In 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.”

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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:

As I’ve been pointing out… There nothing but air from $14,000 to new ATH

I don’t expect any kind of pullback until $28,000 and it may be short lived. https://t.co/UC0iCCVzp6

— 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

— 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

— Tyler Winklevoss (@tyler) October 27, 2020

https://cointelegraph.com/news/bitcoin-price-will-follow-says-analyst-after-historically-accurate-metric-hits-new-high

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Will the Bitcoin price triple this year to $40,000?

According to Fundstrat Global advisor founder Tom Lee, BTC will break into a new ATH this year that could be around $27,000-$30,000.

Additionally, just two weeks ago, we broke above the 200-day moving average, which means we are back in a bull market.

Historically, on average, this breakout has resulted in six months gains of about 190%.

However, this time Thomas Lee believes the Dow Jones Industrial Average would be the first one to break the 30,000, though Bitcoin (BTC) would be the one to hit $40,000, he said.

“Best evidence that Bitcoin is in a bull market is the denial by those with no exposure… BTFD“

Bitcoin Price Hits $10,500 as Fed Chairman Confirms Crypto Is a Threat to U.S. Dollar The BTC price and the overall crypto market reacted positively after Fed Chairman Jerome Powell recently stressed on the importance of private crypto-based transactions.

He said that the Fed is working on a number of projects for digital currencies. Bitcoin price surged over 5% on Tuesday, February 11th, pushing it to a five-month high above $10,500 levels.

With this move, BTC has surged nearly 50% since the beginning of 2020. This latest price surge comes after the Federal Reserve chairman Jerome Powell expressed his interest in digital currencies.

Congressman Bill Foster raised concerns about China’s aggressive push to the use of digital currencies.

Responding to this, Powell said that the Fed has several projects underway.

This was enough to usher a fresh optimism in the crypto market.

Apart from Bitcoin, a majority of the top-ten cryptocurrencies are showing gains between 5-10%.

The overall cryptocurrency market cap added $20 billion soon after Powell’s comments, taking it to above $300 billion.

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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:

BREAKING: Fed Chairman Jerome Powell just came out in favor of private transactions for digital currencies.He specifically said “A ledger where you know everybody’s payments is not something that would be particularly attractive in the context of the US.”

Game on 🙏🏽

— Pomp 🌪 (@APompliano) February 11, 2020

https://cointelegraph.com/news/bitcoin-price-tackles-104k-level-as-futures-markets-hit-5-month-high

bitcoin-price-hits-10320-fed-crypto-dollar

https://bitcoinexchangeguide.com/bitcoin-price-could-triple-this-year-and-beat-dow-to-40000/