WALMART BUYS $1 BILLION IN BITCOIN?! TIME MAGAZINE JOINS TESLA IN KEEPING BTC ON ITS BALANCE SHEET!!

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The Bitcoin price just crossed the $9,800 resistance and may be well on its way to smash the major $10,000 physiological resistance next.

BTC was trending higher through the early European session on Thursday as a very rare bull signal flashed for the first time in 10 months.

Dubbed as Ichimoku Cloud, the technical indicator turned green to identify a long-term upside trend shortly after bitcoin surged towards $9,769.70 on Wednesday.

It also hinted at the imminent formation of a Golden Cross – a popular candlestick pattern that predicts an upcoming bull market. Analysts at trading signals provider TradingShot called out Ichimoku Cloud for its historical accuracy in the past three years.

They noted that the indicator correctly determined trend directions.

On October 11, 2019, for instance, the Ichimoku Cloud turned red that soon followed the formation of a Death Cross – the opposite of Golden Cross.

The BTC price fell by circa 25 percent shortly after the bearish signal. Similarly, when the Ichimoku Cloud rolled over to green on April 20, 2019, bitcoin soon established a Golden Cross on its daily charts.

The cryptocurrency later swelled by circa 170 percent to mark its year-to-date high towards $13,868.44.

TradingShot explained: “As you can see on the chart, after every bearish Ichimoku roll-over, a Death Cross follows shortly after. Respectively after every bullish Ichimoku roll-over, a Golden Cross follows. Since the new Ichimoku Bullish roll-over just took place, a new Golden Cross in pending (see on the chart how the MA50 and MA200 have already started to converge).”

The Bitcoin prediction came in tandem with similar bullish expectations all across the bitcoin market.

Experts, including billionaire investor Michael Novogratz, the CEO of Galaxy Investment Partners, said the cryptocurrency is eyeing a bull run towards or above $10,000 in the coming sessions.

In what Bitcoin (BTC) supporters are calling “relentless” and “unstoppable”, the BTC network just broke another record today.

For most people, Bitcoin’s success is usually measured in terms of its price.

Even if you’re a long-term HODLer, it’s hard not to get excited by some good old-fashioned volatility and epic 32% monthly hikes.

But while the number one cryptocurrency looks set to break $10,000 very soon, other key metrics are equally as impressive right now.

News has broken that Bitcoin network transactions just surpassed the half a billion mark today!

This number is confirmed by Blockchain.com and comes at a time when the Bitcoin network is hitting new records left and right.

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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:

Zoom out and keep it simple.

The $9100 flip was a big deal for #bitcoin. Former support of the ‘descending triangle’ and the China pump.

Ascending triangle forming on RSI with a clear uptrend channel on the daily. pic.twitter.com/h2ZTXdT8uR

— Jacob Canfield (@JacobCanfield) February 5, 2020

Bitcoin Transactions Hit a Major Milestone Today, Find Out Here

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Bitcoin is heating up – some may say erupting – as Latin American country El Salvadore plans to tap energy from volcanoes for mining the cryptocurrency. Nayib Bukele’s plans for crypto in El Salvador are still in motion, with the president now calling for a geothermal power company to make certain facilities available to Bitcoin miners.

In other trending Bitcoin News today: MicroStrategy gets $1.6 billion in orders in junk bond offering – four times the initially sought amount. Earlier this week, the company announced it would issue $400 million worth of junk bonds in a private offering, with a view to using the proceeds to purchase Bitcoin (BTC). One day later, the firm announced it would increase its bond offering to $500 million, after which it was inundated with $1.6 billion worth of orders.

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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/el-salvador-s-president-wants-to-build-volcano-powered-crypto-miners

https://cointelegraph.com/news/microstrategy-nets-1-6-billion-in-junk-bond-offering-to-buy-bitcoin

https://cointelegraph.com/news/bitcoin-hits-37-5k-amid-warning-thursday-will-see-next-btc-price-correction

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Popular Bitcoin trader Tone Vays tells his 115K YouTube subscribers that he is doubling down on his September 2021 prediction that BTC will hit $100,000 before January 1, 2022.

“I’m still sticking to it, guys… $100,000 by the end of the year. And we got about six weeks to go.”

Looking at the monthly Bitcoin charts, Vays notes that all moving averages are up.

“Monthly chart looks very bullish… We are above all moving averages; they are all rising.”

In other trending Bitcoin News today: Bitcoin Just Flashed Pattern That Historically Leads to Parabolic Price Rallies, According to Top Crypto Analyst!

The pseudonymous crypto market analyst TechDev tells his 183,600 Twitter followers that BTC’s current technicals resemble its late 2020 structure when the king crypto consolidated below $20,000 before blasting off to $64,000.

“Last time this cycle, BTC tried to break ATH (all-time high) on the weekly…

It consolidated beneath for 3-4 weeks with Stoch RSI [stochastic relative strength index] maxed out before a strong break to the upside.

While comforting, the bearish sentiment is confusing.”

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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-has-stalled-but-here-s-why-pro-traders-still-expect-80k-by-january

https://cointelegraph.com/news/will-bitcoin-hold-60k-leverage-shakeout-close-to-complete-data-suggests