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BITCOIN ‘SUPPLY SHOCK’ UNDERWAY AS BTC WITHDRAWAL RATE SPIKES TO 1-YEAR HIGH, WARNS CRYPTO ANALYST!!

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As Bitcoin continues sideways inside the $30,000-$40,000 range, new data is emerging about the potential for a bullish breakout. The supply shock is being unnoticed similar to Q4 2020 before the BTC price skyrocketed, says Willy Woo.

Willy Woo, an on-chain analyst, anticipates a potential supply shock in the Bitcoin market as long-term holders continued raking BTC supply from short-term ones. Woo stated in his July 2 newsletter that the process might push more Bitcoin out of circulation.

“It reminds me of the supply shock that went by unnoticed by the market in Q4 2020,” wrote Woo. “Pundits were debating whether BTC was an inflation hedge in a post-COVID world when the data was pointing to long term investors stacking BTC at a fast pace.”

In other trending Bitcoin News today: Bitcoin miner revenue jumps by 50% in 4 days after the BTC network saw its biggest-ever record difficulty drop, data shows. According to figures from monitoring resource Blockchain.com, daily revenues have surged by over 50%.

“Whilst the protocol’s now issuing the same number of coins as it regularly does, having difficulty wound down, we’re now in a situation where half the network has doubled their income and the other half of the network is essentially producing nothing.”

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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-analyst-says-supply-shock-underway-as-btc-withdrawal-rate-spikes-to-one-year-high

https://cointelegraph.com/news/bitcoin-miner-revenue-jumps-by-50-in-4-days-since-record-difficulty-drop

https://cointelegraph.com/news/russian-lawmakers-prepare-legal-amendment-to-confiscate-crypto

https://cointelegraph.com/news/janice-mcafee-can-t-accept-the-suicide-story-about-john-s-death

https://cointelegraph.com/news/ufc-inks-175-million-sponsorship-deal-with-crypto-com

TA: Bitcoin Consolidates Below $35K, What Could Trigger Fresh Rally

BICOIN PRICE TARGETING 5,000 BY AUGUST OF NEXT YEAR!! BTC EYES NEW 2020 HIGH!!

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Crypto Titan Dan Moorehead, the CEO of Pantera Capital remains bullish on the Bitcoin price, which he notes BTC goes up, on average, a little more than 200% per year, despite the “manic” bull and bear runs that grab the headlines.

Based on his firm’s stock-to-flow analysis of previous halvings, Morehead says Bitcoin is projected to hit $115,000 by next August.

While he cautions that he wouldn’t necessarily take even odds on BTC actually surpassing that figure in 12 months, he does say it’s “definitely pretty possible.”

The CEO is more confident Bitcoin will crack $100,000 in two years’ time, comparing it to an early-stage venture investment opportunity that only looks different because it has real-time pricing.

Still, he warns investors to put in only as much capital into BTC as they can afford to lose and then “hold it for 10-15 years.”

In a new interview with Thinking Crypto, Dan Morehead says the company’s largest allocation is in Bitcoin, followed by Ethereum.

After that, Morehead lists Polkadot, Filecoin, Augur and 0x as other altcoins with large allocations at the firm.

In total, Pantera manages $600 million worth of assets in the crypto space, and the CEO says he personally invests in the firm’s capital funds.

He believes there is an inefficiency in the market that fails to completely price in the impact of Bitcoin’s halvings before they happen.

“Over the past two halvings, there have been very clear positive impulses. They start about a year and a quarter prior to the halving and they go for about 440 days after the halving. And what’s typically happened is the markets have gone up a bit into the halving, and then after the halving, over the next 440 days, they go up a ton.” 

Morehead says the crypto market is benefiting from significant changes in custody offerings, which offer institutional investors more ways to safely store their assets.

In other trending Bitcoin News today:

Chainlink Rival Band Protocol Surged 65% Overnight – 3 Reasons Why

Band Protocol (BAND), a rival blockchain network to Chainlink (LINK) — which is also at an all-time high — surged by 65%. Within 24 hours, BAND rose from $4.825 to $8, setting a new record high.

Three major catalysts appear to have triggered the rally of BAND, namely the DeFi (decentralized finance) boom, Coinbase listing and new partnerships. Since June 1, the total value locked in DeFi protocols increased from $1.04 billion to $4.47 billion.

The valuations of DeFi-related project tokens has risen substantially as the capital involved in the DeFi space surged by more than four-fold.

Band Protocol, like Chainlink, is a blockchain network for oracles. DeFi protocols rely on oracles to retrieve market data, as they cannot access raw data from other blockchains or websites.

As such, oracles are critical to the success of DeFi applications. As the DeFi market is rapidly expanding, the demand for oracles is also increasing in tandem.

DeFi projects technically could make their own oracles but it requires time and resources to develop them. That is where oracles like Band Protocol and Chainlink come in.

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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-en-route-to-new-2020-high-once-bulls-break-118k-resistance

https://cointelegraph.com/news/chainlink-rival-band-protocol-surged-65-overnight-3-reasons-why

BITCOIN PRICE HITS 2020 HIGH!! | ,000 BTC Target Before We Might See a Pause Says Max Keiser

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The Bitcoin price just surpassed $11,700, breaching a critical resistance level with BTC ending July at its highest monthly close since its 2017 peak.

Max Keiser just tweeted,

“Bitcoin hits new 2020 high. This leg up will continue to $28,000 before we might see a pause.”

Spartan Group’s Kelvin Koh said that when BTC breaks out of $11,400, a rally to $12,000 is likely.

Meanwhile, on-chain analyst and trader Willy Woo said Bitcoin’s rally above $11,000 could place BTC at the start of the “main bull phase.”

On June 27, on-chain analyst and Bitcoin trader Willy Woo revealed a new price model for BTC. The model suggested that a new bull run for the top cryptocurrency is brewing.

At the time, Woo said:

“This is a new model I’m working on, it picks the start of exponential bull runs.

1) Bitcoin was setting up for a bullish run until the COVID white swan killed the party.

2) This model suggests we are close to another bullish run. Maybe another month to go.”

A month has passed since the model was revealed and the price of Bitcoin has increased from $9,100 to over $11,000.

Following up on the model, Woo said he is “relatively confident” the main bull phase is igniting.

The analyst broke down various on-chain data points, including Bitcoin’s mempool and the relative strength index (RSI), to evaluate market cycles.

Woo said that the on-chain RSI, specifically, suggests the main bull market could begin in the fourth quarter. Woo explained that:

“With the current break to 11K, I’m relatively confident last months model is working on queue, we’re at the start of the ‘main bull phase’… 365 day on-chain RSI shows the compression at the early phase of the bull cycle nearing completion, I’m expecting RSI expansion that typifies the main bull season run starting Q4 2020 into 2021.”

Similarly, Koh said that if the price of Bitcoin continues to increase above $11,400, it will sustain its momentum.

But if BTC continues to rally, the investor emphasized that alternative cryptocurrencies could consolidate.

Koh said: “If BTC breaks the resistance at $11.4K, we are going above $12K in no time. Will take the wind out of altcoins again in the short term.”

In other trending Bitcoin News today:

As The Bitcoin Price Soars, Bitcoin’s ‘Real’ Crypto Market Dominance Is Revealed

According to the new measure of bitcoin dominance, bitcoin currently makes up 79% of the cryptocurrency market—up from the 62% bitcoin market share calculated by the oft-cited crypto data website CoinMarketCap, which takes into account hundreds of cryptocurrencies that are all created and issued in different ways.

The Real Bitcoin Dominance Index, created by Buy Bitcoin Worldwide founder Jordan Tuwiner, calculates bitcoin’s market share among cryptocurrencies that are created, or “mined,” in a similar way to bitcoin.

The new bitcoin dominance index also excludes all cryptocurrencies issued as a form of fundraising, known as initial coin offerings (ICOs), cryptocurrencies tied to traditional currencies, such as tether, and other centralized projects, making it “a better measure” of the cryptocurrency market, according to Tuwiner.

“The issue with ICOs is that they are centrally controlled. Let’s say a bitcoin exchange releases stock legally via a token. Other dominance indexes would likely include that in their index. If so, then why not include the whole stock market? ICOs or stocks that are tokens are not trying to be money, and therefore should not be measured in a dominance index with bitcoin,” Tuwiner said via email.

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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:

🔴 fixed at $9132🔴🔴 fixed at $11356🔴🔴🔴 currently $11700

I can’t make a chart for you now (at sea), but S2F model perfectly on track. pic.twitter.com/rJGuKyxPKG

— PlanB 🔴🔴🔴 (@100trillionUSD) August 1, 2020

https://cointelegraph.com/news/bitcoin-price-soars-to-11-400-as-traders-say-a-bull-phase-is-igniting

ETHEREUM WILL LIKELY FLIP BITCOIN THIS CYCLE AND HIT $85K!! BTC WILL COMFORTABLY REACH $200K EOY!!

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Popular crypto trader and YouTuber Ben Armstrong aka ‘Bitboy Crypto’ says that he can see Ethereum flipping Bitcoin this cycle and soaring to the tens of thousands of dollars as its ecosystem grows at an exponential rate. 

“Because of this total takeover, I can see it’s very likely that by 2025, Ethereum will hit $85,000 per ETH. The first step to that will be, of course, $25,000 ETH this year. Don’t give up on that. Ethereum won’t just be digital oil in 2025, it will be the blockchain fuel of the future.”

In other trending Bitcoin News today: On-Chain Analyst Willy Woo Lowering 2021 Bitcoin Price Prediction After Crypto Market Reversal! 

“[Bitcoin] was starting to look like it was winding up to $300K, $400K even $500,000 near the end of this year. Now it’s starting to reduce its trajectory. It looks like it’ll comfortably reach $200,000. It might reach $300,000, but we have to see how that develops.”

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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-traders-eye-crucial-38k-level-as-btc-price-action-consolidates-higher

BITCOIN WILL REACH $150K ON THIS DATE, SAYS TOP CRYPTO TRADER!! $288K BTC PRICE ‘STILL IN PLAY’!!

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Crypto analyst and influencer Tyler Swope is unveiling the exact date on which he believes Bitcoin will hit his target of $150,000. 

“The top for this cycle will be between $100,000 to $200,000 by December 2021. This is and has been my prediction for a long time. But if I had to give you a specific number and day, how about right here: $150,000 by December 15th, 2021.”

In other trending Bitcoin News today: $288K BTC price ‘still in play’ says PlanB as Bloomberg champions Bitcoin halving. Bitcoin can still hit an average price of $288,000 in the next three years, confident analyst PlanB has said after BTC shed 7% on June 12. 

“$288K still in play. It would really surprise me if bitcoin would not touch the black S2FX model line this phase. Regardless of current volatility, yellow green and blue dots will be (much) higher than red orange dots.”

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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:

$288K still in play. It would really surprise me if #bitcoin would not touch the black S2FX model line this phase. Regardless of current volatility, yellow green and blue dots will be (much) higher than red orange dots. pic.twitter.com/np26ypO96X

— PlanB (@100trillionUSD) June 12, 2021

https://cointelegraph.com/news/288k-btc-price-still-in-play-says-planb-as-bloomberg-champions-bitcoin-halving

https://cointelegraph.com/news/bitcoin-taproot-upgrade-finally-locked-in-activation-set-for-november

https://cointelegraph.com/news/ethereum-s-1-5b-options-expiry-on-june-25-will-be-a-make-or-break-moment

https://cointelegraph.com/news/here-s-how-bitcoin-s-impending-death-cross-could-be-a-contrarian-buy-signal

ROBERT KIYOSAKI: Bitcoin Is Messing Into the Fed’s Territory! | 0 Million BTC Price Prediction!

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Robert Kiyosaki – author of the 32 million-copy bestseller ‘Rich Dad Poor Dad’ – has taken a coy stance on Bitcoin’s David and Goliath-like battle with the Fed.

In a recent Robert Kiyosaki interview with Bloomberg, he said “I think it’s so interesting. they’re taking on the FED, one of the most powerful banks ever created. And they’re messing into their territory. That’s like me taking on McDonald’s. So I think they’re gonna step on them. I think it’s a very exciting time.”

In other Bitcoin news today:

Clem Chambers, market analyst and CEO of global finance tracker ADVFN, says he thinks the price of one Bitcoin could climb to $100 million or higher.

In a new article at Forbes, Chambers writes that because of Bitcoin’s increasingly limited supply, he believes one Satoshi could one day be worth $1 or more.

There are 100 million Satoshis in each Bitcoin, meaning if Chambers is right, one BTC would be worth $100 million.

He points to Bitcoin’s halvings, which cut the supply miners earn in half every year, as the main mechanism that will power the rising price of the leading cryptocurrency.

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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.

News Resources From Today’s Show:

https://cointelegraph.com/news/rich-dad-poor-dad-author-bitcoin-is-messing-into-the-feds-territory

BITCOIN TO SKYROCKET 100X THE PRICE OF GOLD, SAYS TOP BLOOMBERG ANALYST!! $380K MASSIVE BTC ASCENT!!

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Mike McGlone, a senior commodity strategist for Bloomberg Intelligence, believes the Bitcoin price could shoot past the price of an ounce of gold – by around 100 times.

In the July 2021 edition of the monthly cryptocurrency newsletter ‘Bloomberg Crypto Outlook’, McGlone says that based on technical analysis, BTC could keep appreciating relative to the coveted metal.

“Bitcoin may be more than a digital version of gold. A potential path for the Bitcoin price is to stabilize around 100x an ounce of gold and for volatility to resume its downward trajectory, if past patterns repeat.”

In other trending Bitcoin News today: “Top Analyst Predicts Parabolic Bitcoin Rally, Says Bull Market Gearing Up for Final Phase”

A prominent crypto strategist and trader is predicting a parabolic rise in Bitcoin’s value that would make the rise to the recent all-time high of $64,000 a blip in the chart.

Jack Sparrow, the crypto analyst who accurately predicted BTC’s rise to $19,000 last year, tells his 203,600 followers that he’s positioning himself to capture the possibility of a massive Bitcoin ascent to $380,000.

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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:

I Stand By My $100,000 Bitcoin Price Target, Anthony Scaramucci

https://cointelegraph.com/news/bitcoin-price-dips-below-crucial-33k-support-as-bitfinex-whales-shorts-with-over-5-000-btc

Venture Capitalist Predicts Bitcoin Boom to 0K, Says Ethereum and 4 Altcoins Will Outperform BTC

➡️ Teeka Tiwari – Investment of the Decade:  http://2020.cryptonewsalerts.net

Venture Capitalist Simon Dedic says that while he believes Bitcoin will put together a face-melting rally in the next bull run, he sees five altcoins outshining the leading cryptocurrency.

In a recent tweet, Dedic says he expects the crypto market to launch another bull market but warns that the rising tide will not lift all boats.

The founder of digital asset intelligence firm Blockfyre predicts that Bitcoin will soar nearly 1,500% to $150,000 in a new bull cycle.

But unlike the peak of the 2017 crypto bull market, when many altcoins generated gains of over 1,000%, the Blockfyre executive believes only a handful of altcoins will print potentially life-changing gains.

At the top of Dedic’s altcoin’s list is Ethereum (ETH).

He expects the second-largest cryptocurrency to skyrocket to $9,000 for an increase of 3,650% from its current price of $240.

Dedic sees ChainLink (LINK), which is trading at $4.34 at time of writing, to surge over 4,500% to $200.

He also believes Binance Coin (BNB) will soar to $500 and post gains of more than 2,700% from its current value of $17.64.

Next is VeChain (VET), which he predicts will rise almost 15,000% from its current price of $0.006682 to $1.00.

Wrapping up the venture capitalist’s list is Tezos (XTZ). Dedic says he believes XTZ, which is currently valued at $2.91, will generate gains of more than 6,700% as it climbs to $200.

The altcoin market is especially risky, with many coins remaining down more than 90% from their all-time highs in the last parabolic crypto rally, which ended in December of 2017.

In other trending Bitcoin News today:

Billionaire Entrepreneur and Crypto Critic Mark Cuban Admits Bitcoin Is a Store of Value

One of Bitcoin’s biggest mainstream critics says the top cryptocurrency can be a store of value after all.

In a new conversation with Bitcoin maximalist Preston Pysh, billionaire entrepreneur Mark Cuban issues a rare compliment to BTC.

But he maintains that Bitcoin has zero chance of becoming a global reserve currency and challenging the US dollar.

“It can be a store of value. But the conversation started with the challenges of the current federal reserve system. He isn’t wrong about the system. But he is wrong about the fungibility of btc and it’s ability to impact society as a replacement for the current system” – Mark Cuban

Late last year, Cuban said bananas are more useful to him than Bitcoin.

“I’d rather have bananas. I can eat bananas. Crypto, not so much. Look, I can make a great argument for blockchain. There’s a lot of applications and they’ll be used. But you don’t need public Bitcoin, BTC. You can create blockchain on your own without using all the available cryptocurrencies.”

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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:

In 2017, you could have bought literally any alt and it was a good investment.Imo this won’t happen again.However, I still believe that the bull run will return, pumping the few solid alts out there.

Predictions:$BTC $150k$ETH $9k$LINK $200$BNB $500$VET $1$XTZ $200

— Simon Dedic (@scoinaldo) June 4, 2020

https://cointelegraph.com/news/forget-10k-bitcoin-12k-breakout-will-catch-everyone-off-guard

BLOOMBERG ANALYST PROVIDES BLUEPRINT OF BITCOIN PATH TO $100,000!! UPDATED BTC PRICE FORECAST!!

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Bitcoin price predictions have been a hot topic for a while now. Bloomberg Analyst, Mike McGlone believes that the BTC price hitting $100,000 is tied to the asset following Ethereum. This came in the monthly cryptocurrency newsletter sent out by Bloomberg Crypto Outlook.

In the newsletter, McGlone highlights the potential for Bitcoin. Stating that the $100,000 mark is still pretty tame for the flagship cryptocurrency. “Based on its history, a bottom line for BTC in 2021 is that the price advance to May 24 is a round error,” McGlone said. “The 2020 halving came amid unprecedented global fiscal and monetary stimulus, along with institutions tilting toward Bitcoin allocations.”

In other trending Bitcoin News today: Analyst Who Accurately Predicted Bitcoin’s 50% Fall Updates Crypto Forecast!

Chief investment officer and founder of Guggenheim Partners Scott Minerd, who notably called Bitcoin’s 50% collapse, suggests that the Bitcoin correction might not be over.

“But when we look at the history of crypto, and we look at where we are, I mean, I really do believe this is probably a crash. And, you know, a crash would mean we would be down 70% to 80%, which, let’s just say, that’s between $10,000 and $15,000.”

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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:

Bloomberg Analyst Provides Blueprint Of Bitcoin Path To $100,000

Analyst Who Accurately Predicted Bitcoin’s 50% Fall Updates Crypto Forecast

https://cointelegraph.com/news/bitcoin-metric-sees-hell-of-a-bounce-in-move-which-historically-heralds-btc-price-bottom

https://cointelegraph.com/news/analysts-say-bitcoin-s-choppy-price-action-is-typical-of-low-liquidity-markets

BITCOIN CRASHING AS WHALES MASS ACCUMULATE!!!! RELIEF RALLY COULD TAKE BTC TO THESE PRICE LEVELS!!!!

💰 BlockFi: (Up To $250 Bitcoin Bonus) https://blockfi.com/cryptonewsalerts

Despite Bitcoin price crashing below the critical $30,000 support for the first time in one month, a collection of BTC whale wallets suddenly scooped up tens of thousands of Bitcoin over the weekend after being inactive since December of 2018.

High-profile crypto analyst and trader Benjamin Cowen is discussing what a relief rally could look like for Bitcoin.

In a new update, Cowen says that if BTC rallies in the coming period, it could bounce off the 50-week simple moving average (SMA).

Reflecting on historical price action, Cowen reasons that a bounce from the current level, which is just below $32,000, could allow Bitcoin to rise by 34% to 62%.

“If we do get a bounce off the 50-week [SMA], we can at least see prior moves did not have us putting in new all-time highs immediately. If we were to go up, say approximately [based on] the prior moves … a 34% move would take us back up to maybe $44,000. A 45% move would take us up to around $46,000… And a 62% move would take us up to around $52,000 or $53,000.”

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

Ledger: ► 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/crypto-joins-stocks-in-extreme-fear-after-bitcoin-loses-30k-support