BITCOIN AND CRYPTO WILL SURGE 100X, SAYS MACRO GURU, SPARKING LARGEST GENERATIONAL WEALTH IN HISTORY

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The American journalist, Youtuber, podcast host, and political commentator, Tim Pool, has talked about Bitcoin on numerous occasions and even more so these days as the BTC price crossed its all-time high.

“People still sh*t on Bitcoin and I feel bad for them. A local guy out here told me he just became a millionaire off his investment, bought in several years ago and forgot about it. It’s the rise of a new financial technology and I believe 1 BTC will eventually be equivalent to $1M.”

In other trending Bitcoin News today: This Bitcoin Chart Is Like a ‘Cheat Code’ for Calling Top Cryptocurrency’s Trajectory, Says Crypto Analyst Justin Bennett!

The closely followed analyst is eyeing BTC price charts from the 2017 Bitcoin bull run to see where the world’s leading crypto is heading next.

“The 2017 fractal accounts for this week’s pullback. Each move this cycle has been a little less aggressive than in 2017. It was a 13% pullback then. Probably an 8-10% pullback now, or $60k BTC. Then $80k+ in early November, $65k retest in mid-November, and $100k+ in December.”

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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://news.bitcoin.com/journalist-and-youtuber-tim-pool-believes-1-bitcoin-will-eventually-be-equivalent-to-1-million/

https://cointelegraph.com/news/paypal-logs-its-largest-bitcoin-volume-since-may-btc-price-crash

https://cointelegraph.com/news/bitcoin-decides-fate-of-60k-as-weekly-close-keeps-btc-traders-on-their-toes

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Following a brief selloff that led the Bitcoin price down to lows of $5,800 overnight, BTC has been able to post a strong and sustainable rebound that has since led it to climb towards $6,500, with bulls currently attempting to reclaim its previous position within the upper-$6,000 region.

It now appears that bulls are in the process of attempting to form an EMA bull cross, which could bolster its price action in the hours ahead.

Furthermore, bulls are also attempting to surmount a key resistance level that was recently established, leading one analyst to note that a weekly close above this level could lead the BTC price to rally up towards $7,700.

As for what could push Bitcoin above this resistance, Big Cheds – a popular cryptocurrency analyst on Twitter – explained in a recent tweet that he believes it is flexing a “potential 8/34 EMA bull cross” on its 4-hour chart.

“Bitcoin 4 hour -Flexing a potential 8/34 EMA bull cross,” he noted while pointing to the chart seen below.

This formation could significantly bolster the crypto’s near-term price action if it is confirmed in the coming several hours.

As for how high a confirmed break of the current resistance that Bitcoin is facing could send it, one analyst is noting that he is eyeing a movement up towards $7,700.

Teddy, another popular cryptocurrency analyst on Twitter, recently shared a chart showing two potential paths for the crypto, noting that it is currently in the process of taking the bullish route.

“Looks like BTC picked the green way,” he said while pointing to the below chart.

The upside target seen on the chart he references exists at roughly $7,700, which would mark a notable climb from where BTC is currently trading at.

Bitcoin Starts Strongest Quarter Q2 With Price Down Just 10% YTD

Bitcoin (BTC) has in total suffered just 10% from the coronavirus outbreak which obliterated stocks and caused the United States to print $6 trillion.

That was according to the latest quarterly price data from monitoring resource Skew.com on March 31, which showed that for Q1 2020, BTC/USD is only down by around 10.7%. 

At press time, the pair remained higher after seeking new support at $6,500 on Monday. 

At those levels, the pair is just $700 lower than its position at the start of 2020, and $3,800 beneath its current year-to-date all-time high of around $10,300. 

Bitcoin has advanced 75% in the two weeks since hitting its quarterly low — in a volatile period, that recovery at one point reached 90% as markets peaked at over $7,000 on some exchanges.

As such, Bitcoin now looks increasingly resilient as an investment option versus traditional markets, which are still trailing much more as a result of coronavirus.

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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-starts-strongest-quarter-q2-with-price-down-just-10-ytd

https://cointelegraph.com/news/bitcoin-stocks-rise-as-us-economy-grinds-to-a-halt-furloughs-soar

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The Bitcoin price saw quite the bout of volatility on Wednesday.

Early in the morning, Bitcoin (BTC) tanked, falling as low as $6,450 in a strong move lower, before rebounding to the upside.

By the end of the day on Wednesday, the BTC price had rallied as high as $7,400, surging by over 10% from its local bottom in the $6,400s on the back of seeming short covers and long-term investors buying the Crypto dip.

Although it may be too early to tell whether or not this is a fully-fledged macro reversal, one prominent trader, who called the drop in November to the $6,000s, suggests that (BTC) Bitcoin has a good likelihood of reaching $20,000 by as early as March, 2020.

Bitcoin’s latest bounce higher has infused bulls with a fresh dose of hope, culminating in positive analyses that imply BTC’s reversal rally is just starting.

One such analysis was posted by Velvet, a popular cryptocurrency trader.

They noted that “this week[‘s close]” for BTC is “very important,” noting that the key thing Bitcoin will need to do by Sunday’s close is “holding the” trend line.

For reference, the trend line in question, which always ended up in bear markets when BTC crossed below it, currently sits in the high-$6,000s, which BTC is currently above.

If Bitcoin rides that level, Velvet remarked that Bitcoin “could see $20,000 by March,” referencing the fact that prior to previous halvings, BTC always surged, rallying higher on the expectation that a negative supply shock would hit the market.

In other Bitcoin news today:

BTC stuns bears, soaring $800 back over $7,000 to fill Futures ‘Gap’.

Earlier in the day, veteran commodities trader Peter Brandt tweeted a logarithmic chart of Bitcoin’s long term price action and wrote:

Bitcoin has apparently held at important support.

A number of other traders also pinpointed the importance of Bitcoin price remaining above this support and today’s strong upside move is sure to have relieved worried investors, at least for the time being. 

Interestingly, the rebound to $7,235 also filled the CME gap from Dec. 14-15, a phenomenon that has become increasingly common for BTC/USD this year.

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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:

#BITCOIN $BTC #BTCUSDReal talk: This week is very important!The only thing that matters now is holding the trend (red line)! (Current UP)Every time we lost it, we ended up in a BEAR market! Only this time.. the market will crash!

👉 If we HOLD it we could see 20K by march pic.twitter.com/qrmAnu6weO

— 𝓥𝓮𝓵𝓿𝓮𝓽 📊丝绒 (@888Velvet) December 18, 2019

Here’s How Bitcoin Price Could Hit $20,000 By as Early as March: Analyst

https://cointelegraph.com/news/bitcoin-stuns-bears-soars-800-back-over-7k-to-fill-futures-gap