BITCOIN CAN HIT $147K BY MID-MAY IF BTC REPEATS THIS PATTERN!! ETHEREUM (ETH) BULLISH PRICE TARGET!!

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The Bitcoin price just crossed the $9,800 resistance and may be well on its way to smash the major $10,000 physiological resistance next.

BTC was trending higher through the early European session on Thursday as a very rare bull signal flashed for the first time in 10 months.

Dubbed as Ichimoku Cloud, the technical indicator turned green to identify a long-term upside trend shortly after bitcoin surged towards $9,769.70 on Wednesday.

It also hinted at the imminent formation of a Golden Cross – a popular candlestick pattern that predicts an upcoming bull market. Analysts at trading signals provider TradingShot called out Ichimoku Cloud for its historical accuracy in the past three years.

They noted that the indicator correctly determined trend directions.

On October 11, 2019, for instance, the Ichimoku Cloud turned red that soon followed the formation of a Death Cross – the opposite of Golden Cross.

The BTC price fell by circa 25 percent shortly after the bearish signal. Similarly, when the Ichimoku Cloud rolled over to green on April 20, 2019, bitcoin soon established a Golden Cross on its daily charts.

The cryptocurrency later swelled by circa 170 percent to mark its year-to-date high towards $13,868.44.

TradingShot explained: “As you can see on the chart, after every bearish Ichimoku roll-over, a Death Cross follows shortly after. Respectively after every bullish Ichimoku roll-over, a Golden Cross follows. Since the new Ichimoku Bullish roll-over just took place, a new Golden Cross in pending (see on the chart how the MA50 and MA200 have already started to converge).”

The Bitcoin prediction came in tandem with similar bullish expectations all across the bitcoin market.

Experts, including billionaire investor Michael Novogratz, the CEO of Galaxy Investment Partners, said the cryptocurrency is eyeing a bull run towards or above $10,000 in the coming sessions.

In what Bitcoin (BTC) supporters are calling “relentless” and “unstoppable”, the BTC network just broke another record today.

For most people, Bitcoin’s success is usually measured in terms of its price.

Even if you’re a long-term HODLer, it’s hard not to get excited by some good old-fashioned volatility and epic 32% monthly hikes.

But while the number one cryptocurrency looks set to break $10,000 very soon, other key metrics are equally as impressive right now.

News has broken that Bitcoin network transactions just surpassed the half a billion mark today!

This number is confirmed by Blockchain.com and comes at a time when the Bitcoin network is hitting new records left and right.

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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:

Zoom out and keep it simple.

The $9100 flip was a big deal for #bitcoin. Former support of the ‘descending triangle’ and the China pump.

Ascending triangle forming on RSI with a clear uptrend channel on the daily. pic.twitter.com/h2ZTXdT8uR

— Jacob Canfield (@JacobCanfield) February 5, 2020

Bitcoin Transactions Hit a Major Milestone Today, Find Out Here

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Bitcoin is facing a “double bubble” and will see two BTC price tops this year, fresh data suggests.

In a tweet on Wednesday, Charles Edwards, CEO of investment firm Capriole, highlighted 2021 as having one key similarity to the 2013 double top bull cycle.

“New evidence for a Bitcoin double bubble,” he summarized.

“In prior cycle tops, bounces were never able to hold unrealized profit and loss above 0.5. Only the 2013 double bubble and today have achieved this.”

In other trending Crypto News today: Facebook’s David Marcus calls for “fair shot” at crypto payments.

In a newly published Medium piece titled “Good stablecoins, a protocol for money, and digital wallets: the formula to fix our broken payment system”, Facebook’s crypto pioneer David Marcus shared his views on topics of economic inequality, regulatory challenges and Novi’s proposed stablecoin solution.

“Here at home in America, … our payments infrastructure is arguably the worst of any developed country in the world, and increasingly falling behind, while China is moving with determination and haste to build an infrastructure that will make the digital yuan a challenger to the dollar as the world’s reserve currency.”

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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/new-data-suggests-bitcoin-could-see-btc-price-double-bubble-top-in-2021

https://cointelegraph.com/news/facebook-s-david-marcus-calls-for-fair-shot-at-crypto-payments

https://cointelegraph.com/news/second-largest-us-mortgage-lender-will-accept-crypto-payments-this-year

https://cointelegraph.com/news/bitcoin-mining-metric-that-has-predicted-every-big-btc-rally-since-2020-is-flashing-again

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The Bitcoin price jumped back above the $49K zone on Saturday. 30-day statistics show the value of bitcoin has swelled by 50% over the last month and many believe that this BTC bull run is not over. 

Popular stock-to-flow (S2F) creator Plan B recently shared a S2F chart that indicates a possible “2nd leg of this bull market.” 

“Both bitcoin S2F (white line) and on-chain signal (color, not red yet) still indicating a 2nd leg of this bull market,” Plan B wrote. Following this statement, Plan B was asked: “Are we shooting for $288k again? Or still $100k? I’m confused.” The S2F analyst replied and said:

“IMO we are going up, first to 100k, then 288k.”

In other trending Bitcoin news today: Coinbase Investing $500,000,000 in ‘Diverse Portfolio’ of Bitcoin and Crypto Assets!

Coinbase CEO Brian Armstrong says that the cryptocurrency exchange will purchase digital assets worth more than half a billion dollars to add to its existing holdings. Armstrong says that Coinbase will be allocating 10% of its quarterly profits toward the purchase of crypto assets in the future.

“We recently received board approval to purchase over $500 [million] of crypto on our balance sheet to add to our existing holdings. And we’ll be investing 10% of all profit going forward in crypto. I expect this percentage to keep growing over time as the cryptoeconomy matures.”

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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:

https://cryptopotato.com/peter-schiff-admits-bitcoin-price-could-reach-100k-but-remains-a-non-believer/

https://bitcoinmagazine.com/business/wells-fargo-and-jpmorgan-both-file-for-passive-bitcoin-funds

https://cointelegraph.com/news/blackrock-etfs-hold-384-million-of-shares-in-bitcoin-mining-firms

https://cointelegraph.com/news/bitcoin-price-returns-above-47k-as-crypto-market-shrugs-off-binance-kyc-news