BILL TO MAKE BITCOIN LEGAL TENDER PASSES IN EL SALVADOR!! MEXICO NEXT TO ADOPT BTC SAYS SENATOR!!

➡️ Tap into OPM (Other People’s Money): http://opm.cryptonewsalerts.net

One fractal analysis, predicts that Bitcoin price ongoing consolidation will resolve to the upside in an explosive fashion.

The catch: the BTC breakout will come at the end of 2020 – over five months away.

On March 12th and 13th, the Bitcoin market broke down. As many investors likely remember, in the span of approximately 24 hours, the cryptocurrency market fell by around 50%.

Bitcoin then plunged from the $7,000s to $3,700. Few expected the market to recover at the time.

There were some, however, trying their best to stay optimistic.

The CIO of Altana Digital Currency Fund, Alistair Milne, shared the chart below in the day after the crash, attaching the comment:

“So, if you take the fractal after the Aug 2015 meltdown due to exchange dysfunction (and major trendline break) … and place it on the end of Friday’s meltdown, you get this …”

The chart, which showed Bitcoin could follow the path it took after 2015’s crash, implied that BTC would recover to $10,000 by June.

And that it did, with Bitcoin spiking above $10,000 at the start of June.

This same fractal now predicts that after two more months of consolidation, Bitcoin will hit $18,000 by the end of 2020.

As Milne explained in a recent update about the fractal:

“Would you accept another ~2 months of no volatility if it meant we go directly to $18k within 4 weeks of a breakout?”

Milne isn’t the first individual to have suggested that Bitcoin’s ongoing consolidation will resolve higher.

Mike McGlone – the senior commodity analyst at Bloomberg Intelligence — recently wrote the following on Twitter:

“Volatility should continue declining as Bitcoin extends its transition to the crypto equivalent of gold from a highly speculative asset, yet we expect recent compression to be resolved via higher prices.”

So, if you take the fractal after the Aug 2015 meltdown due to exchange dysfunction (and major trendline break) … and place it on the end of Friday’s meltdown, you get this …

The sentiment McGlone shared is in line with the sentiment he shared in previous analyses. In editions of Bloomberg’s “Crypto Outlook” released over recent months, the Wall Street analyst has outlined a perfect storm of reasons indicating that Bitcoin will move higher.

Some of those reasons are as follows:

* The BTC block reward halving that came in May

* The increasing investment in the Bitcoin market by users of the CME and clients of Grayscale

* Bitcoin’s growing correlation with the gold market

* And more.

In other trending Bitcoin News today:

HOW CAN YOU NOT BE BULLISH ON BITCOIN? ANALYST ASKS DUE TO NEW DATA

Despite volatile price action, a majority of Bitcoin in circulation remains inactive. 

According to data from Glassnode, a blockchain analytics firm, the percentage of coins not moved has reached 62% — an all-time high.

This comes in spite of the fact that 77% of the Bitcoin supply was accumulated at a price lower than current.

That’s to say, 77% of all BTC can currently be sold for profit. To Rafael Schultze-Kraft, the CTO of Glassnode, the confluence of high profitability amongst investors and increasing levels of holding is bullish.

“BTC supply not moved in over a year: 62%. BTC supply in a state of profit: 77%. Read: Many investors could be profitably cashing out, but instead choose to hodl. How can you not be bullish on Bitcoin.”

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:

How Can You Not Be Bullish on Bitcoin? Analyst Asks Due to New Data

#Bitcoin Blahs? Benchmark #Crypto Looked Similar Before Past Gains —
Volatility should continue declining as Bitcoin extends its transition to the crypto equivalent of gold from a highly speculative asset, yet we expect recent compression to be resolved via higher prices. pic.twitter.com/XbIMv5AYAf

— Mike McGlone (@mikemcglone11) July 2, 2020

Would you accept another ~2 months of no volatility if it meant we go directly to $18k within 4 weeks of a breakout?

Check what happened in early 2016… https://t.co/BH18zB9eOb

— Alistair Milne (@alistairmilne) July 14, 2020

This 2016 Bear Market Fractal Shows Bitcoin Could Shoot Towards $20k in 2020

https://cryptopotato.com/bullish-bitcoin-price-post-halving-patterns-start-repeating/

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

Bitcoin bull and the CEO of MicroStrategy, Michael Saylor, in a new CNBC interview lists ‘digital property’ as the first component of the cryptocurrency universe. While likening BTC to precious real estate in the New York City borough of Manhattan, the MicroStrategy CEO says Bitcoin is the most dominant digital property.

“Let’s talk about the crypto universe… You’ve got digital property and Bitcoin is the highest, most dominant digital property network. Think of it as granite blocks in Manhattan, in cyber Manhattan…

So Bitcoin is meant to last forever. High integrity, very durable.”

“Then you have got digital applications like Ethereum. Ethereum wants to dematerialize the JP Morgan building and banking establishment and all of the exchanges.”

In other trending Bitcoin News today: Why This On-Chain Analyst Lowered His Bitcoin Price Prediction To $200,000 By Year-End! In a recent episode of the Unchained podcast, popular on-chain analyst Willy Woo discussed what Bitcoin’s recent crash and resumed uptick in price meant for the leading cryptocurrency.

According to Woo, Bitcoin’s crash to $30,000 did not indicate the start of a bear market. However, the sharp correction did affect his year-end price prediction for the digital asset, which was originally as high as $500,000.

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

🔥 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:

https://www.benzinga.com/markets/cryptocurrency/21/06/21561805/why-this-on-chain-analyst-lowered-his-bitcoin-price-prediction-to-200-000-by-year-end

https://cointelegraph.com/news/bulls-aim-to-reclaim-40k-ahead-of-friday-s-520m-btc-options-expiry

https://cointelegraph.com/news/bitcoin-price-completes-leg-down-to-37-4k-as-key-indicator-hits-record-oversold-level

➡️ Leverage OPM (Other People’s Money): http://opm.cryptonewsalerts.net

PlanB, creator of the controversial stock-to-flow Bitcoin price prediction model says BTC may still have room for 100X growth which means the leading cryptocurrency has the potential to rise to $2,000,000 per Bitcoin. 

He tweeted…

“Bitcoin and central bank balance sheets (money ‘printing’) have gone hand in hand last 10 years .. but now BTC is lagging behind .. about two orders of magnitude (100X). Room for growth?”

The pseudonymous analyst also recently shared that he has ‘no doubt’ Bitcoin will hit $100K-$288K ‘before’ December 2021 as his BTC price prediction model suggest.

In other trending Bitcoin News today: 

Bitcoin Just Made Its Highest Close In History!!

Many analyst see this as a validation that this isn’t a “double top” near $20,000 on a macro basis. Analysts are confident that BTC will continue its ascent higher now that it has set a new high.

While Bitcoin has made this technical accomplishment, there are some concerned that a drop is imminent.

Raoul Pal recently shared that as per the Tom Demark Sequential, a key time-based technical indicator, he fears that a correction is likely:

“Bitcoin is potentially facing some serious technical headways… the daily DeMark is showing a cluster on 2 13’s and a 9 and tomorrow might put in ANOTHER 13!”

Raoul Pal is a prominent Wall Street veteran that spent his career running hedge funds and working as the head of hedge fund sales at Goldman Sachs. He retired from the hedge fund business and now researches markets and runs Real Vision for a living.

He recently put 98% of his liquid net worth into Bitcoin and Ethereum:

“Ok, last bomb – I have a sell order in tomorrow to sell all my gold and to scale in to buy BTC and ETH (80/20). I dont own anything else (except some bond calls and some $’s). 98% of my liquid net worth. See, you can’t categorize me except #irresponsiblylong.”

The more controversial elements of U.S. President-elect Joe Biden’s future tenure are already becoming clearer — and it’s good news for Bitcoin.

As his inauguration edges closer, Biden has already said that he plans a $7 trillion recovery package to tackle the impact of coronavirus. This would add a huge new chunk of debt to the already huge mountain that the U.S. has accrued this year.

Against the backdrop of an already weakening dollar, the U.S. could thus face a potent cocktail of dangerous economic factors driving down wealth. The appeal of a safe haven has thus never been so real.

“We had a horrible time in 2008 because of too much debt, and since 2008, the debt everywhere has skyrocketed. We can’t even count how much the debt is up,” Jim Rogers, co-founder of the Quantum Fund with George Soros, said at an investment summit last week quoted by Reuters.

“If Janet Yellen is the next Secretary of the Treasury, she loves to print and spend money.”

As Cointelegraph reported, the strength of the dollar is predicted to fall further in 2021, something that has traditionally buoyed Bitcoin. The greenback is already at its weakest against a basket of trading partner currencies since April 2018.

As an indication of the direction the U.S. is headed, meanwhile, Preston Pysh noted the opposing direction of U.S. debt versus M2 money velocity.

“Check out the disparity on these two charts -just in 2020 alone,” he mentioned to Twitter followers.

“A growth in M2 money supply by +22.5%. Velocity of money DOWN by -20%. Printing is nesting itself into bonds and stocks. It’s causing massive destruction of the middle class. You might want to checkout Bitcoin.”

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

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

🔥 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:

#bitcoin and central bank balance sheets (money ‘printing’) have gone hand in hand last 10 years .. but now BTC is lagging behind .. about two orders of magnitude (100X). Room for growth? pic.twitter.com/zAXN93qlTJ

— PlanB (@100trillionUSD) December 6, 2020

Bitcoin Forms Highest Weekly Candle Close In History

https://cointelegraph.com/news/new-us-stimulus-brexit-and-20k-5-things-to-watch-in-bitcoin-this-week