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Right now, with the Bitcoin market cap sitting just under $1 trillion, BTC is only a very tiny fraction of the worldâs assets combined. So in the grand scheme of crypto, this is why many analyst believe weâre still so early.
âIf Bitcoin captures just 5% of the market cap of other assets on this chart, itâll be worth over $2M/coin.â
In other trending Bitcoin News today: Bitcoin bears lack âballsâ to continue selling into 2022!
BTC bears will probably be too âstonelessâ to keep prices down much longer, fresh Bitcoin price analysis argues.
In a Twitter series published Dec. 18, popular account Light summarized the events which led to Bitcoinâs recent 39% correction.
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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-and-ether-heading-100k-and-5k-in-2022-bloomberg-intelligence
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TEEKA TIWARI: Inside The Phenomenon – The Final 5 Coins To Million | Bitcoin Sinks to ,390
âĄïžÂ 5 *MORE* COINS TO $5 MILLION: http://5coins.cryptonewsalerts.net
Discover the âFinal 5â Teeka Tiwari picks of 2020 before the infamous Bitcoin halving.
Regardless what happens next to the BTC price, these cryptocurrency projects from Teeka simply cannot be ignoredâŠ. Teeka Tiwari is back with â5 Coins to $5 Millionâ: THE FINAL 5
âFIVE Tiny Cryptocurrencies That Could Turn $500 Into $5 MillionâŠ
Thanks To A Crypto Market Phenomenon Guaranteed To Hit In Roughly 50 Daysâ
This Could Be The Biggest Millionaire-Making Event In Human History (Itâs NOT The Bitcoin Halving) For the past six months, Teeka Tiwari â the independently ranked #1 most trusted person in crypto â has been on a world tour, investigating a rare crypto market phenomenonâŠ
100% guaranteed to happen only once every four years. (Itâs not the halving. The answer may surprise you.)
Over 100 billionaires and wealthy investors are in a buying frenzy right now, preparing for this phenomenon.
The last time it occurred in 2016 (we wonât see it again until 2024), you couldâve turned $500 into as much as $5 million â in 10 months.
During this landmark online training event, Teeka will fly you to the hidden-in-plain-sight epicenter of this phenomenon⊠so you can see with your own eyes: Itâs real.
Itâs 100% guaranteed to hit in roughly 50 days.
And it could be bigger than any other phenomenon before.
Bitcoin Price Sinks to $4,390 as Dowâs 1,000-Point Drop Risks Bigger Breakdown
Bitcoin (BTC) jumped towards $6,000 in overnight trading as Federal Reserve reduced its benchmark interest rates, but trimmed gains as some traders liquidated their positions for cash amid sell-off in stocks.
The bitcoin-to-dollar exchange rate plunged to $4,396.50 by 10:05 UTC, bringing its 24-hour losses further up by 13.78 percent. The bitcoin futures contracts listed on CME were also trading 15.67 percent lower into the day â at $4,495 â signaling that the cryptocurrency could dip further heading into the Mondayâs US session.
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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:
A really cool fractalI added some context to it, comparing the virus with the 2008 crashGann analysis on the price and time aspects shows high confluence for this scenario with near ATH levels around EOY/NY
Kudo’s to @CryptoCapo_ and @kenzboard who showed me the fractal pic.twitter.com/JHTPZO6s1w
â //Bitcoin đ”ack đ (@BTC_JackSparrow) March 15, 2020
S&P 500 futures stuck at -5% limit down *after* the Federal Reserve announced 100 basis point rate cut, $700 billion in QE, and an abolishment to reserve requirements.The Fed has shot nearly all of its ammo â seemingly no bullets landed.
So what’s next?
â Nick Chong (@_Nick_Chong) March 16, 2020
With the FED effectively cutting interest rates to zero, it seems evident that negatives rates are just around the corner. Good thing there’s a plan B.#bitcoin
â Jonathan Leong (@BTSEJonathan) March 16, 2020
While it’s crazy that #gold is down so much, it’s even crazier that #Bitcoin is down so little. Though gold is down 4% and Bitcoin is down 15%, one Bitcoin still buys three ounces of gold. That’s a great exchange rate. Hodlers had better act quick or they will miss their chance.
â Peter Schiff (@PeterSchiff) March 16, 2020
Scarily Accurate Fractal: Bitcoin Will Trade at $20,000 By Q1 2021
Bitcoin Sinks to $4,390 as Dowâs 1,000-Point Drop Risks Bigger Breakdown
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3 Crucial Reasons Why Bitcoin Is Ready to See a Sharp Rally After 15% Drop | BTC âHodl Wave' Data
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Bitcoin has been subject to troubling price action over the past week.
At the local lows, BTC traded as low as $8,600 on some exchanges â approximately 15% shy of the highs before bouncing back above to the $9,100 support this morning.
It should come as no surprise that some have taken the recent price action as a death knell for Bitcoinâs bull trend, which began in March when the asset rallied strongly off the $3,700 lows.
Yet the bearish trend may soon come to an end. Crucial fundamental and technical factors, in fact, have shown that BTC is primed to revert back into a rally after the recent correction.
Three of these factors are as follows.
#1: Bitcoin Prints Textbook Falling Wedge Pattern
According to a prominent crypto trader, Bitcoin is printing a textbook bullish sign: a falling wedge. Falling wedges, studies suggest, have a high likelihood of breaking higher. Such patterns have also preceded strong gains in the Bitcoin market over the past few months.
#2: Tensions Between the U.S. and China Grow; Yuan Crushed
Since our last report on the situation between the U.S. and China due to the Hong Kong democracy movement, things have become worse due to fears of sanctions.
The Chinese yuan, as Twitter account âYuan Talksâ noted, is at its weakest level since September 2019 â the peak of the 2019 trade war. Bitcoin stands to benefit as it can act as a safe-haven for Chinese investors trying to mitigate the risks of a falling domestic currency.
Chris Burniske, a partner at Placeholder Capital, explained: âIf Chinaâs CNY continues to weaken against USD, then we could have a 2015 and 2016 repeat, where BTC strength coincided with yuan weakness.â
#3: Central Banks and Governments Continue to Print Trillions, Boosting Bitcoin Bull Case
Due to the outbreak of an illness, the global economy has been thrown into a recession.
Dozens of millions have become under/unemployed, while consumer confidence, spending, and other key economic metrics have fallen off their respective cliffs.
Itâs a trend that has forced governments to respond by printing money, boosting Bitcoinâs intrinsic value.
Japan made this much clear recently. According to global markets tracker FXHedge, which shares news headlines related to the global economy, a new document suggests that the Japanese government is looking to implement a stimulus package worth 117.1 trillion yen â $1.1 trillion.
Although this isnât likely to cause instant inflation â Japan has been nearly deflationary for years upon years now â analysts say this stimulus and others like it are bullish for Bitcoin.
In other trending Bitcoin News today:
Bitcoin âHodl Waveâ Data Has Now Been Calling a Bull Run for 5 Months
Hodl waves show that over 60% of the supply has not moved for a year or more, something which historically has signaled price upside.
â60% of all bitcoin has not moved on the blockchain for at least 1 year. This is an indication of significant hodlâing. The last time this happened was in early 2016, at the start of the bull run.â
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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:
60% of all bitcoin has not moved on the blockchain for at least 1 year. This is an indication of significant hodl’ing.
The last time this happened was in early 2016, at the start of the bull run.#bitcoin pic.twitter.com/Rh5efLHOD0
â Philip Swift (@PositiveCrypto) May 26, 2020
Goldman Sachs is hosting a client call today at 10:30 AM EST discussing inflation, gold and bitcoin. Thereâs a lot of conjecture floating around as to the content.
I will be on the call and will let you know what they actually say. pic.twitter.com/VJkxaPpUzBâ The Wolf Of All Streets (@scottmelker) May 27, 2020
https://cointelegraph.com/news/bitcoin-hodl-wave-data-has-now-been-calling-a-bull-run-for-5-months
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BLOOMBERG: BITCOIN COULD HIT 0,000 OR DROP TO ZERO!! BTC CAN SURPASS #post_titleM IN THE NEXT 3-5 YEARS!!
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Bitcoin has the potential to surpass $1 million in the next three to five years, says Raoul Pal, calling BTC the âbiggest trade of our lifetimes.â
In Septemberâs crypto outlook newsletter, Bloombergâs analyst Mike McGlone observed that the Bitcoin price could either be heading to the $500,000 mark, or it could fail.
McGlone has continued to reiterate that in his view, Bitcoin is set to become digital gold.
He emphasized once again how Bitcoinâs limited supply and increasing demand were key adoption indicators, and drew comparisons to the 2017 bull run:
âMuch of the broad crypto-asset market echoes 2017âs excesses, but the foundation is firming due to expanding decentralized exchanges (DEXs) and finance (DeFi).
Limited supply vs. increasing demand is the bottom-line for Bitcoin, with macroeconomic underpinnings that support its march toward the market cap of gold, at a price of $500,000 by some estimates. Or it could fail.â
The estimates that the analyst refers to are likely based on assumptions that Bitcoinâs market capitalization will eventually reach parity with goldâs $9 trillion.
Dividing that number by the maximum supply of Bitcoin of 21 million produces $428,571.
A similar sentiment was recently voiced by The Morgan Creek Digital co-founder Anthony Pompliano.
Zero to five hundred thousand provide a pretty good margin of error, unlikely Bloomberg will be proven wrong anytime soon.
In other trending Bitcoin News today:
Bitcoin (BTC) Is the Best Reserve and Collateral Asset Ever Created, Says Global Macro Investor CEO
The CEO of Global Macro Investor, Raoul Pal, says Bitcoin (BTC) is the best reserve and collateral asset ever created.
In a new report on the leading cryptocurrency, the former Goldman Sachs hedge fund manager says he thinks BTC, with its permanently limited supply, is the âhardestâ form of money created.
He says as a reserve asset, it is superior to gold in every metric due to its decentralized nature and provable transaction history.
Pal, who predicted the 2008 financial crisis, notes that, in the current macroeconomic structure, government bonds serve as the âbottom of the pyramidâ in terms of collateral for the world and the U.S. Treasury.
âThat used to work just fine until the central banks became fearful of allowing the business cycle to run unimpeded. Thus, when debt loads became unsustainable, meaning that the weakest borrowers couldnât get access to enough collateral, instead of the price of collateral rising, thus forcing firms to go bust, central banks began to increase the supply of collateral and reserves (quantitative easing).â
However, this devalues the collateral over the longer term and leads to debt spirals, Pal explains. Bitcoin, however, doesnât have this problem, according to the investor.
âBitcoin is pristine collateral. The greatest form of collateral. Its blockchain ownership structure reduces the huge black swan of risk of who owns what. It is all recorded and more importantly, provable.â
Pal notes that all BTC needs to become the preeminent form of collateral is a yield curve indicating future value, something that is already happening with the breakout of decentralized finance (DeFi).
âThe revolution in DeFi is doing just that, establishing a forward curve of future value. It is only at the money-market phase right now (short-term yield curve) but over time we will establish the time preference for Bitcoin over 30 years or more, just like bonds.â
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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 the post-Halving bull cycles, bitcoin can often correct 25% (even 40% + in 2017), throwing off the short-term traders (or giving swing traders a shot at the short side). Each of those was a buying opportunity. DCA opportunity ahead? đđ€#Bitcoin pic.twitter.com/tL443DyX63
â Raoul Pal (@RaoulGMI) September 3, 2020
I wrote a very long GMI Monthly this weekend (143 pages, 15,500 words). The core focus was this month on crypto, which I think its the worlds best trade and of which Im irresponsibly long.
Here are a couple of pages with some top-down thoughts.. #Bitcoin pic.twitter.com/xltojJtQn1
â Raoul Pal (@RaoulGMI) August 31, 2020
https://cointelegraph.com/news/bloomberg-bitcoin-could-hit-500k-or-drop-to-zero
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