đ° BlockFi: (Up To $250 Bitcoin Bonus) https://blockfi.com/cryptonewsalerts
Bitcoin (BTC) could drop to $29,000 and still be testing current support in line with past dips, claims CNBCâs âChartmaster.â In an appearance on the networkâs Fast Money segment on Monday, Carter Worth, chief market technician of Cornerstone Macro, warned that the BTC bottom may be far from in with a 55% correction from all-time highs still on the table.
In other trending Bitcoin News today: Teslaâs Abrupt Bitcoin Reversal Could Be Game Changer for BTC, According to Fundstrat Analyst Tom Lee!
Despite Bitcoin losing about 20% of its value since Tesla halted its use as a means of payment, Lee has upgraded the flagship cryptocurrencyâs price target by 25%. From his initial forecast of $100,000, the Fundstrat managing partner and head of research now expects Bitcoin to hit $125,000 by the close of 2021.
đ„ Subscribe on YouTube: http://CryptoNewsAlerts.net
đ„ Subscribe on Spotify: http://spotify.cryptonewsalerts.net
đ„ Subscribe on iTunes: http://itunes.cryptonewsalerts.net
đ„ Follow on Twitter: https://twitter.com/CryptoNewsYes
đ„ Join our Private Crypto FB group: âș http://fb.cryptonewsalerts.net
đ„ Join our Private Crypto Telegram group: âș http://telegram.cryptonewsalerts.net
đ„ Binance â Buy, Sell or Trade Over 400 Altcoins: âș http://binance.cryptonewsalerts.net
đ„ [IMPORTANT] â Secure your crypto with a Trezor or Ledger hardware wallet:
Trezor: âș http://trezor.cryptonewsalerts.net
Ledger: âș http://ledger.cryptonewsalerts.net
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-could-hit-29k-next-warns-cnbc-chartmaster
You Might also like
-
WHY BITCOIN PRICE COULD HIT 0,000 IN 2021? | BTC Price Just Slid Under ,400, What's Next?
âĄïžÂ OPM Wealth: http://opm.cryptonewsalerts.net
The month of January is usually bearish for the Bitcoin price but this one has bucked that trend.
It has been the best start to the year since 2012 but analysts are eyeing even greater gains in 2021.
Bitcoin blogger Sylvain Saurel has conducted an in-depth analysis into BTC price movements at the beginning of the year.
The study has been done to highlight the cyclical side of the evolution of bitcoin price with each halving as a starting point.
The research goes back to 2012 and starts the comparison there.
In the same twenty days in that year, Bitcoin (BTC) increased by a similar amount, around 23% to reach $6.50.
Who wouldnât have wanted to load up then! By the end of the year, prices had increased by 157% to end at $13.50.
The following year, after the halving, resulted in an epic bitcoin price pump of 5800% to end 2013 over $750.
The next year was one of correction with a bear market taking prices back down again while 2015 showed signs of recovery at the end.
2016 was the year of the second halving and while January was flat, the asset gained 123% by the end of the year.
2017, the year following the halving, again saw a monumental bull run with bitcoin prices rising 1450%.
2018 as we all know was a mirror of 2014 with a huge correction and 2019 has shown signs of recovery with BTC gaining 85% over the year.
BTC PRICE PEAK IN 2021 The conclusion leads on to the finding that the evolution of Bitcoin price is cyclical with the halving as the starting point for the new cycle.
âThe year following a Bitcoin halving is when the bull market for Bitcoin is at its strongest with respective price increases of +5,800% in 2013 and +1,450% in 2017.â
With that in mind, the research suggests that 2021 will be a stronger year for BTC prices than 2020.
In terms of gains, looking at previous rises 500% would not be out of the question.
At current prices, this would put bitcoin at around $17k by the end of 2020 and as high as $100k in 2021 when the big rally really takes off.
Follow Us:
âĄïžÂ [PODCAST PROMO] Get $25 In Free CMDX Tokens from our sponsor: http://promo.cryptonewsalerts.net
đ„ Blog/Podcast: http://CryptoNewsYes.com
đ„ Subscribe on YouTube: http://CryptoNewsAlerts.net
đ„ Subscribe on iTunes: http://itunes.cryptonewsalerts.net
đ„ Subscribe on Stitcher: http://stitcher.cryptonewsalerts.net
đ„ Subscribe on TuneIn: http://tunein.cryptonewsalerts.net
đ„ Follow on Twitter: https://twitter.com/CryptoNewsYes
đ„ Join our Private Crypto FB group: âș http://fb.cryptonewsalerts.net
đ„ Join our Private Crypto Telegram group: âș http://telegram.cryptonewsalerts.net
đ„ Binance â Buy, Sell or Trade Over 400 Altcoins: âș http://binance.cryptonewsalerts.net
đ„ [IMPORTANT] â Secure your crypto with a Trezor or Ledger hardware wallet:
Trezor: âș http://trezor.cryptonewsalerts.net
Ledger: âș http://ledger.cryptonewsalerts.net
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:
$BTC â clear range of $8500 to $8750 right now on lower time framesCurrently not trading and watching for better setups
Will also take a look at altcoins with potential to outperform Bitcoin short term pic.twitter.com/HRJoMZNaDj
â Josh Rager đ (@Josh_Rager) January 21, 2020
Bitcoin Just Slid Under $8,500: Price Must Hold This Level to Satisfy Bulls
Post Views: 163 -
Tone Vays Says 0,000 Bitcoin Predictions in Play If BTC Breaks These Pivotal Lines of Resistance
âĄïžÂ TEEKA TIWARI â The Investment of the Decade: http://2020.cryptonewsalerts.net
Veteran analyst Tone Vays says an epic Bitcoin (BTC) rally is in store if the king of crypto can overcome key areas of resistance.
In a new episode of Trading Bitcoin, Vays says the TD Sequential indicator, which traces a series of price points to identify potential breakouts, suggests the Bitcoin price may break out to $9,000 in the short term.
But despite the bullish indicator, Vays says heâs not betting on this coming to fruition due to a strong line of resistance at $8,000. (Which FYI we just hulk smashed this morning)
âCan we make it to [$9,000]? Anything is possible⊠The biggest reason why thatâs a little too optimistic is this behemoth of triple resistance of the 128-day moving average, the 200-day moving average and a fibonacci 62% line [at $8,000]. That is a monster.â
If Bitcoin can make it to $9,000, Vays says the last line of resistance is a descending triangle that currently stands at $9,500. If that happens,
Vays says the highly discussed stock-to-flow model from the anonymous analyst PlanB â which forecasts that BTC will hit anywhere from $100,000 to $288,000 by 2024 â will suddenly be on the table.
Vays also points to John McAfeeâs infamous bet that BTC will hit $500,000 this year.
âThe moment we break above this red line [at $9,000] PlanB is going to be right. And PlanB has some very optimistic targets.
In other trending Bitcoin News today:
Crypto Strategist Nicholas Merten Says Bitcoin (BTC) Ready to Pop As Halving Approaches
Merten expects Bitcoin to maintain its bullish momentum and trend toward $9,000, as BTC continues to form a giant wedge that dates back to the second half of 2017.
But the strategist points out that Bitcoinâs signature volatility is going nowhere.
âItâs likely that as we go into the halving event, sure we are going to see an increase in volatility. Itâs an important point to keep in mind. We are going to definitely see a lot of jitter, but I think weâre going to continue this trend up here, and itâs going to pick up momentum as we go into the halving event to where weâre going to probably be up into around the $9,000 range, if not the upper $8,000 range.â
After the halving, Merten believes Bitcoin will give up some of its gains in the short term, but continue to maintain its bullish steam in the bigger picture.
Although heâs careful to point out that anything can happen in the current global economic climate and that BTC has proved many traders wrong in the past, Merten says Bitcoinâs historical logarithmic growth curves, significant lows and significant resistance suggest BTC is gearing up for a new cycle to around $100,000.
Follow Us:
đ„ Blog/Podcast: http://CryptoNewsYes.com
đ„ Subscribe on YouTube: http://CryptoNewsAlerts.net
đ„ Subscribe on iTunes: http://itunes.cryptonewsalerts.net
đ„ Subscribe on Stitcher: http://stitcher.cryptonewsalerts.net
đ„ Subscribe on TuneIn: http://tunein.cryptonewsalerts.net
đ„ Follow on Twitter: https://twitter.com/CryptoNewsYes
đ„ Join our Private Crypto FB group: âș http://fb.cryptonewsalerts.net
đ„ Join our Private Crypto Telegram group: âș http://telegram.cryptonewsalerts.net
đ„ Binance â Buy, Sell or Trade Over 400 Altcoins: âș http://binance.cryptonewsalerts.net
đ„ [IMPORTANT] â Secure your crypto with a Trezor or Ledger hardware wallet:
Trezor: âș http://trezor.cryptonewsalerts.net
Ledger: âș http://ledger.cryptonewsalerts.net
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-hits-8k-erasing-coronavirus-crash-13-days-till-halving
Post Views: 228 -
Bitcoin Price Hitting K Wouldn't Be Surprising | BTC Continues To Be Resilient As Economy Tanks
âĄïžÂ 5 *MORE* COINS TO $5 MILLION REPLAY: http://5coins.cryptonewsalerts.net
Adam Back, the CEO of Blockstream who was quoted in Satoshiâs white paper, says that the Bitcoin price hitting $20,000 wouldât seem surprising to him if that happened due to the current BTC market conditions.
âwoke up to a vivid dream this morning, which took a moment to realize was a dream. sure youâve had them once in a while. it was that bitcoin hit $20k overnight and then pulled back to $16k. didnât seem surprising given the market conditions, so it wasnât price that caused wakeupâ â Adam Back
Bitcoin Could Rocket Higher
It is worth noting that Back accurately called Bitcoinâs recent price spike.
As reported by U.Today, he explained that dip buyers would soon start putting their cash to work.  Â
The drop that followed dampened bullish sentiment, but it remains to be seen whether this downtrend will continue.
With the U.S. Federal Reserve firing new bazookas and the Bank of England promising to print an unlimited amount of money, there hasnât been a better time for Bitcoin (BTC) to shine.Â
Bitcoin Price Analysis: BTC Continues To Be Resilient As Economy Tanks â Are We Headed Above $7,000 Next?
Bitcoin fell by a total of 4% over the past 24 hours of trading.
It had dropped much further lower but managed to find strong support at $5,786 which allowed the cryptocurrency to rebound higher and break back above $6,000.
The cryptocurrency is proving to be extremely resilient as it continues to stabilize whilst the rest of the economy around the world continues to fall further lower.
Short term prediction: NEUTRAL Bitcoin remains neutral and would need to close above $6,500 before we can consider a very short term bullish trend.Â
Toward the upside, the first level of strong resistance lies at $6,175.
The coin has struggled with this resistance over the past 4-days of trading and failed to close above here on each attempt.
Above this, resistance lies at $6,542 (bearish .5 Fib Retracement) and $7,000. If the buyers continue to drive even further above $7,000, resistance lies at $7,100, $7,174 (bearish .618 Fib Retracement), and $7,270.
On the other side, support is located at $5,786. This is followed with support at $5,600, $5,500, and $5,467 (.618 Fib Retracement).
Key Levels Support: $5,911, $5,786, $5,600, $5,500, $5,467 $5,200, $5,000, $4,800, $4,672, $4,577, $4,139, $4,000, $3,912, $3,500, $3,436..
Resistance: $6,174, $6,542, $6,700, $6,800, $7,000, $7,174, $7,200, $7,270, $7,500, $7,676, $8,000, $8,073, $8,250, $8,461, $8,672, $8,979, $9,000, $9,100.
Follow Us:
âĄïžÂ [PODCAST PROMO] Get $25 In Free CMDX Tokens from our sponsor: http://promo.cryptonewsalerts.net
đ„ Blog/Podcast: http://CryptoNewsYes.com
đ„ Subscribe on YouTube: http://CryptoNewsAlerts.net
đ„ Subscribe on iTunes: http://itunes.cryptonewsalerts.net
đ„ Subscribe on Stitcher: http://stitcher.cryptonewsalerts.net
đ„ Subscribe on TuneIn: http://tunein.cryptonewsalerts.net
đ„ Follow on Twitter: https://twitter.com/CryptoNewsYes
đ„ Join our Private Crypto FB group: âș http://fb.cryptonewsalerts.net
đ„ Join our Private Crypto Telegram group: âș http://telegram.cryptonewsalerts.net
đ„ Binance â Buy, Sell or Trade Over 400 Altcoins: âș http://binance.cryptonewsalerts.net
đ„ [IMPORTANT] â Secure your crypto with a Trezor or Ledger hardware wallet:
Trezor: âș http://trezor.cryptonewsalerts.net
Ledger: âș http://ledger.cryptonewsalerts.net
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:
$btc will continue to be volatile over the next few months but the macro backdrop is WHY it was created. This will be and needs to be BTCâs year.
â Michael Novogratz (@novogratz) March 22, 2020
but don’t write off the value of liquidity, trading with less 3rd party custody, atomic trade â that’s part of the value of bitcoin. cypherspace zero trust things are very cool and literally a cypherpunk dream realized already https://t.co/AC5CnuFGlX
â Adam Back (@adam3us) March 21, 2020
https://u.today/bitcoin-btc-price-hitting-20000-wouldnt-be-surprising-for-blockstream-ceo-heres-why
Post Views: 144