BANK OF ENGLAND WILL SCRAMBLE TO BUY BITCOIN BEFORE IT HITS $1 MILLION PER BTC, SAYS MAX KEISER!!

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

Eerie Bitcoin Fractal Predicts It May Be Just Weeks Before Bitcoin (BTC) Hits $14,000

After rallying as high as ~$10,100 on leading exchanges this week, Bitcoin plunged off a proverbial cliff.

Within 12 hours after hitting the highs, the cryptocurrency dipped by almost $1,000, crushed as long orders cascaded BTC lower.

While this was a bearish rejection at a crucial level, analysts are still bullish.

They cite a confluence of technical and fundamental factors showing that the BTC trend remains slanted to the upside.

Bitcoin’s recently price action may make it seem like a top is forming, but a fractal analysis from a leading analyst in the space has suggested the opposite.

“Fractals also refer to a recurring pattern that occurs amid larger more chaotic price movements.”

The analyst suggested that a fractal has formed between the start of 2019’s 300% rally and BTC’s price action over the past few weeks.

The fractal suggests that BTC will trade as high as $14,000 by the middle of July.

As a pertinent aside: the analyst who shared the chart below is known for observing accurate fractals, which predicted a number of key swings over the past year.

In other trending Bitcoin News today:

Three Altcoins Ready to Outperform Bitcoin (BTC), According to Crypto Analytics Firm Santiment

Crypto analytics firm Santiment says a handful of crypto market metrics indicate that Ethereum (ETH), Basic Attention Token (BAT) and Maker (MKR) all look more bullish in the short term than Bitcoin (BTC).

Santiment looked at each asset’s three-day averages in three metrics.

The first, Daily Active Addresses (DAA) vs. Price

Divergence, compares an asset’s price action to the number of unique crypto addresses interacting with that specific coin on a daily basis.

The metric views price action that outpaces DAA as a bearish signal, and vice versa.

The second, Network Value to Transactions Ratio (NVT), compares the value transferred on a specific network (transaction volume/token circulation) to the network’s market cap. If the transaction volume is low relative to market cap, an asset is considered overvalued and vice versa.

The third metric, Sentiment Volume Consumed, measures the sentiment of market participants on Twitter.

Santiment evaluated each asset using a simplified rating system: 0-10, with 0 representing the most bearish and 10 the most bullish.

A 5 implies a prediction of sideways consolidation.

Bitcoin scored a 3 on the DAA vs. Price Divergence metric, a 2 on the NVT, and a 6.5 on Sentiment Volume Consumed, for an average rating of 3.8, or “slightly bearish.”

Ethereum scored a 5 on DAA vs. Price Divergence, a 5.5 on NVT, and a 6 on Sentiment Volume Consumed, for an average rating of 5.5 (neutral).

Basic Attention Token scored an 8.5 on DAA vs. Price Divergence, a 9.5 on NVT, and a 6 on Sentiment Volume Consumed, for an average rating of 8.0 (bullish).

Maker scored a 9 on DAA vs. Price Divergence, a 10 on NVT, and a 5.5 on Sentiment Volume Consumed, for an average rating of 8.2 (bullish).

Santiment cautions that none of these scores are indicative of the firm’s long-term outlook on each asset.

Follow Us:

🔥 Blog/Podcast: http://CryptoNewsYes.com

🔥 Subscribe on YouTube: http://CryptoNewsAlerts.net

🔥 Subscribe on iTunes: http://itunes.cryptonewsalerts.net

🔥 Subscribe on Stitcher: http://stitcher.cryptonewsalerts.net

🔥 Subscribe on TuneIn: http://tunein.cryptonewsalerts.net

🔥 Follow on Twitter: https://twitter.com/CryptoNewsYes

🔥 Join our Private Crypto FB group: ► http://fb.cryptonewsalerts.net

🔥 Join our Private Crypto Telegram group: ► http://telegram.cryptonewsalerts.net

🔥 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:

Don’t lose sight of the HTF…Our prior resistance region has now been broken and is now being tested as support. Bulls remain in control and gunning for the highs again imo. HTF has been bullish since posting this weeks ago, hope you have been buying the dips. $BTC https://t.co/Q7k4bd86Q5 pic.twitter.com/WpVUf1wPGt

— Credible Crypto (@CredibleCrypto) June 4, 2020

Eerie Bitcoin Fractal Predicts It May Be Just Weeks Before BTC Hits $14,000

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

Veteran trader Tone Vays says Bitcoin is now in the process of targeting $100,000 per BTC within the coming months.

Vays says he sees Bitcoin threatening to take out its all-time highs potentially early next month before making a parabolic move into the six-figure price range by the time 2022 rolls around. He posits that BTC could explode in October the same way it did in 2013.

“Just like before, in early October or mid-October, I expect us to start challenging the prior all-time highs and then a huge run-up at the end of the year. Like mid-October into late December, I’m expecting us to go from that $65,000 all the way to $100,000. That is still my target.”

In other trending Bitcoin News today: El Salvador Now Owns 700 Bitcoin As President Bukele Buys BTC Price Dip!

El Salvador’s President Nayib Bukele confirmed via Twitter Monday that the Latin American nation has bought the “Bitcoin price dip,” exchanging dollars for Bitcoin at a time he believes it remains undervalued by the global market.

The price of Bitcoin was around $45,700 dollars at the time of Bukele’s tweet announcing the purchase, down from highs near $50,000 earlier in the week.

🔥 Subscribe on Spotify: http://spotify.cryptonewsalerts.net

🔥 Subscribe on iTunes: http://itunes.cryptonewsalerts.net

🔥 Follow on Twitter: https://twitter.com/CryptoNewsYes

🔥 Join our Private Crypto FB group: ► http://fb.cryptonewsalerts.net

🔥 Join our Private Crypto Telegram group: ► http://telegram.cryptonewsalerts.net

🔥 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:

“We are in a war against bitcoin,” says Turkey’s president

https://bitcoinmagazine.com/culture/el-salvador-now-owns-700-bitcoin-as-president-bukele-buys-price-dip

➡️ Tradecraft: http://tradecraft.cryptonewsalerts.net

Forget about $100,000. ‘Dread Pirate Roberts’ Ross Ulbricht expects the Bitcoin price to plunge to $1K before another bull run.

Ross Ulbricht, the founder of the infamous Silk Road dark web marketplace, has spotted ‘a strong signal’ for lower BTC price.

According to his new price analysis that relies on the Elliott Wave theory, the Bitcoin (BTC) price could plunge to as low as $1,200.

Ulbricht states that BTC is currently in the last stage of its first cycle degree bear market. Wave II is comprised of three primary-degree waves, with wave C being the largest one.

It is not clear how low wave II can go, but Ulbricht notes that the two previous bear markets resulted in 86 percent and 94 percent drawdowns, which means that there is more pain in store for the bulls. Hence, he notes that a similar price plunge could take Bitcoin all the way down to $1,200.

According to Ulbricht, it’s hard to estimate the duration of this bear market, but, based on the historical data, it could end this June.

‘Estimating the extent and duration of wave II is difficult and imprecise. There is no limit to how low it can go (except $0) because wave I started at $0.’

Ulbricht also says that Bitcoin could invalidate this bearish scenario is its price surges back above $14,000 (its 2019 high). However, this turnaround seems ‘unlikely to him.’ ‘

If the price rises above the peak near $14,000, we will have to reevaluate our interpretation, but at this point that seems like a very unlikely scenario.’

Back in December, Ulbricht predicted that BTC could surge to $100,000 in 2020, but the drop below the start of wave 2 ($4,200) on March 12 made such a bullish scenario improbable.

However, if BTC were to drop to this level, Ulbricht would view it as a ‘major buying opportunity’ before the start of wave 3.

Bitcoin (BTC) Halving Searches Breakout With Biggest Event in Crypto Just 30 Days Away

The Bitcoin halving countdown has reached the one-month mark with estimates targeting 29-31 days left to go.

The BTC halving event will reduce the amount of new Bitcoin entering the circulating supply by dropping mining rewards by 50%.

The event has triggered increasing interest as central banks resort to money printing to counter the economic blow of coronavirus.

“Bitcoin halving countdown”, “Bitcoin halving price chart” and “Bitcoin halving clock” are all currently trending on Google as breakout searches in the US. “Bitcoin halving prediction”, “Bitcoin halving price prediction” and “Bitcoin halving 2020” are all breakout searches worldwide.

Follow Us:

➡️ [PODCAST PROMO] Get $25 In Free CMDX Tokens from our sponsor: http://promo.cryptonewsalerts.net

🔥 Blog/Podcast: http://CryptoNewsYes.com

🔥 Subscribe on YouTube: http://CryptoNewsAlerts.net

🔥 Subscribe on iTunes: http://itunes.cryptonewsalerts.net

🔥 Subscribe on Stitcher: http://stitcher.cryptonewsalerts.net

🔥 Subscribe on TuneIn: http://tunein.cryptonewsalerts.net

🔥 Follow on Twitter: https://twitter.com/CryptoNewsYes

🔥 Join our Private Crypto FB group: ► http://fb.cryptonewsalerts.net

🔥 Join our Private Crypto Telegram group: ► http://telegram.cryptonewsalerts.net

🔥 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://medium.com/@RossUlbricht/bitcoin-by-ross-9-a-strong-signal-for-lower-prices-87d2cdcdba95

https://u.today/bitcoin-btc-price-is-likely-to-plunge-to-1k-says-silk-road-founder-heres-when-this-bear-market