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Bitcoin analyst Willy Woo is outlining why he believes BTC is a significant advancement in the history of money. 

Woo, who earlier this week said Bitcoin whale movements are signaling a bottom, maps out why he believes BTC is reinventing the monetary system. 

Believing that Bitcoin is the future of money, Woo expects BTC to reach $1 million per coin in the future.

“Dan Held is calling this a supercycle. I’m thinking this might be the last cycle. Meaning, at this point, Bitcoin doesn’t see this very strongly imprinted four-year cycle, and we do more of a random walk, and it’s highly correlated to macro, and we just random walk all the way up to a million dollars in a few years…”

In other trending Bitcoin News today: Bitcoin and Ethereum Ripe for Big Breakouts, According to Popular Crypto Analyst!

A popular crypto analyst and trader believes that Bitcoin (BTC) and Ethereum (ETH) are poised for huge breakouts amid the bearish sentiment in the digital asset markets.

The pseudonymous analyst known in the industry as Smart Contracter, tells his 154,900 followers that Bitcoin is forming a bullish pattern indicating that a move to the upside is on the horizon.

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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-rebounds-from-33k-support-as-us-dollar-inflation-comes-back-into-focus

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Popular on-chain analyst Willy Woo says that Bitcoin is poised to hit the six-digit price range once its retracement is over.

According to Woo, his top model is flashing a new price target for Bitcoin at $157,000. However, he predicts that once Bitcoin resumes its bull trend, he expects the model to hike up the price target.

“If we squeeze out of this accumulation band like I’m expecting, I would say that we will start curving upwards into the $250,000 to $350,000 range. Sounds a bit ludicrous right now, but that’s what the model says.”

In other trending Bitcoin News today: 10X User Growth in Sight by 2022 for Emerging Crypto Sector, Says Venture Capital Head!

Successful crypto-focused venture capitalist Arthur Cheong is making some bullish predictions for Ethereum and the decentralized finance (DeFi) sector for the rest of 2021.

He predicts that by the end of the year, the number of DeFi users could multiply between five and 10 times, pending scaling solutions.

“I’m looking forward to this crossing 5 million and 10 million probably by the end of the year. I think it’s possible if we have a very successful scalin

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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:

Bitcoin Showing Signs of Potential Bounce: Crypto Analytics Firm Santiment

https://cointelegraph.com/news/brazilian-securities-regulator-approves-ether-etf

https://cointelegraph.com/news/bitcoin-price-can-only-go-up-if-30k-accumulation-reset-continues-research

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

With Bitcoin hovering above $50,000, widely followed crypto analyst and trader Pentoshi is predicting a wild Bitcoin rally, with the leading cryptocurrency now primed to print a massive green daily candle.

“$49,893 as posted yesterday was the point of breakdown in May. Right now acting as support. BTC in my opinion trapping sellers and about to put a green candle where the sun doesn’t shine for bears. $5,000 candle in a day seems like something that’s being built.”

As for his bull cycle target for Bitcoin, Pentoshi believes that BTC could rally to as high as $180,000, marking a 250% upside potential from its current value of around $51,000.

“Vertical accumulation innit ‘colorized’ 2012-2021.”

In other trending Bitcoin News today: On Tuesday, El Salvador will officially begin using Bitcoin as its national currency alongside the United States dollar.

Despite heavy warnings and even demands to abort the move from the likes of the International Monetary Fund and others, the country’s president, Nayib Bukele, has held firm. Now, Bitcoin and its adoption will begin a major new experiment.

“BREAKING: At the same time El Salvador’s bitcoin bill will become law, at 3pm September 7th, a huge Brazilian Reddit community, with more than 3 million members, will buy $30 in BTC each, remembering that Sep 7th is Brazil’s independence Day. More and more users are joining.”

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🔥 [IMPORTANT] – Secure your crypto with a Trezor or Ledger hardware wallet:

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/btc-becomes-legal-tender-in-el-salvador-5-things-to-watch-in-bitcoin-this-week

https://cointelegraph.com/news/conservative-btc-supply-shock-metric-now-says-bitcoin-should-cost-at-least-55k

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A popular on-chain analyst believes that a Bitcoin rally is in the cards as BTC faces the possibility of a supply squeeze. Will Clemente says that a Bitcoin supply shock could ignite a significant BTC rise.

“Hang in there guys. This thing is going to pop soon.

Supply shock still in play this week.”

Clemente’s bullish stance on BTC comes as he sees on-chain signals pointing to the rise of Bitcoin adoption around the world.

“Extremely bullish on global Bitcoin adoption.

Blue: Supply held by entities with .01-1 BTC.

Green: Net user growth on the network.

All-time highs in new users. Hockey stick up in accumulation from small entities.”

In other trending Bitcoin News today: Former Heavyweight Boxing Champion Mike Tyson Asks Fans if They Prefer Bitcoin or Ethereum!

On Saturday, former heavyweight boxing champion, Mike Tyson, asked his 5.6 million followers on Twitter which crypto asset they prefer: bitcoin or ethereum. Tyson is no stranger to the world of crypto and just recently stepped into the realm of non-fungible token (NFT) collectibles.

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🔥 Binance – Buy, Sell or Trade Over 400 Altcoins: ► http://binance.cryptonewsalerts.net

🔥 [IMPORTANT] – Secure your crypto with a Trezor or Ledger hardware wallet:

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:

Which do you prefer, BTC or ETH?

— Mike Tyson (@MikeTyson) July 17, 2021

https://news.bitcoin.com/former-heavyweight-boxing-champion-mike-tyson-asks-fans-if-they-prefer-bitcoin-or-ethereum/?utm_source=OneSignalPush&utm_medium=notification&utm_campaign=PushNotifications

https://cointelegraph.com/news/crypto-experts-see-bitcoin-replacing-fiat-money-in-20-years

https://cointelegraph.com/news/bitcoin-mining-difficulty-drops-for-fourth-time-in-a-row

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

Bitcoin continued its bounce from its 2021 opening price on Wednesday, hitting $31,600 in what some fear is just a temporary reprieve from the downside. 

BTC Bulls had successfully defended the largest cryptocurrency against further losses at just above $29,000 – the price at which the market began the year, however, concern is running high over current strength being a “relief rally” – not a true comeback after a price floor.

“It’s still ‘short the bounce’ season,” popular analyst and podcast host Nebraskan Gooner summarized to Twitter followers and veteran trader Peter Brandt concurred, suggesting that Bitcoin would need another shock leg down before the genuine return to form kicked in.

In other trending Bitcoin News today: Is Stock-To-Flow Crypto Analysis Still Valid? Coin Bureau Looks at State of Prominent Model

The S2F has traditionally been applied to commodities like gold and silver. It predicts the performance of an asset based on the idea that the price increases as the asset becomes more scarce. PlanB has used it to predict Bitcoin topping out at about $288,000 this bull run.

In a new video, the pseudonymous host of Coin Bureau says that with Bitcoin trading near the $30,000 level – about $83,000 below where the S2F suggests it should be – he agrees with PlanB that the model is in a “make or break” phase.

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🔥 Binance – Buy, Sell or Trade Over 400 Altcoins: ► http://binance.cryptonewsalerts.net

🔥 [IMPORTANT] – Secure your crypto with a Trezor or Ledger hardware wallet:

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/bitcoin-rebounds-to-31-6k-but-warnings-of-another-btc-price-plunge-are-everywhere