BITCOIN CAN SOAR 670% THIS BULL CYCLE SAYS TOP ANALYST!! XRP SURPASSES $1 FOR FIRST TIME SINCE 2018!

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

The Bitcoin price is still struggling to break out above $10,000 following three failed attempts over a 36-day period.

Traders remain mixed on the short-term BTC price trend as macro indicators suggest varying trends.

Many traders believe the price of Bitcoin is primed for a rally above the multiyear resistance level of $10,500, which would confirm the end to a two-year price cycle and the start to a newfound rally.

Others foresee the price of Bitcoin falling all the way to the $6,000–$7,000 range in the near term, given the three consecutive rejections of the same range in between $10,000 and $10,500 spanning over a month.

Historical data shows that declining volatility and volume suggest a large Bitcoin price movement will likely occur in the near term.

For instance, the price of Bitcoin in early September 2019 was hovering around $10,500 to $10,800.

At the time, the volume of both futures and spot markets declined substantially compared with the previous two weeks.

By the end of October, after a month of consolidation, the price of Bitcoin dropped from $10,800 to $7,300, recording a 32% pullback within two months after weeks of low volatility.

The bullish scenario for Bitcoin in the short term Traders generally anticipate a Bitcoin upsurge in the near term due to three main reasons: a compelling technical structure, an increase in the number of long-term holders and a rapidly growing hash rate.

According to Michael van de Poppe, a full-time Amsterdam Stock Exchange trader, the short-term trend of Bitcoin is optimistic as long as the price remains above $9,100.

The $9,100–$9,300 range has served as a strong support area for Bitcoin since May.

If the price holds $9,100 and breaks above $10,500 once again, van de Poppe emphasized that $12,000 is likely next.

He said: “If we break $10,000, next level is $10,500. If we break $10,500, next level is $11,500-12,000. Crucial level to hold; $9,100-9,300.”

Similarly, cryptocurrency trader Nunya Bizniz said earlier this month that the following levels are the most important for BTC to see a prolonged rally:

* $10,000: a resistance and psychological barrier;

* $10,500: first higher high, change to market structure;

* $11,600: last three cycles, a monthly close is above a key technical level at 50% Fibonacci retracement; and

* $14,000: a close above a monthly all-time high indicates an attempt at BTC’s record high.

In other trending Bitcoin News today:

INDIA PLANS BITCOIN BAN EVEN AS ITS BANKING SYSTEM GRADUALLY COLLAPSES

The Indian government may ban Bitcoin. According to a report by Economic Times, the country’s finance ministry has sent the proposal for inter-ministerial consultation.

The department then expects to forward the plan to its top cabinet, which operates directly under Prime Minister Narendra Modi. The move further allows the motion to be tabled as a bill in the parliament.

“While we have recognized… the power of Reserve Bank of India to take preemptive action, we are testing in this part of the order the proportionality of such measure, for the determination of which RBI needs to show at least some semblance of any damage suffered by its regulated entities. But there is none.”

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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:

$BTC #BITCOINSlight wick now, which is fine.If we break $10,000, next level is $10,500.If we break $10,500, next level is $11,500-12,000.Crucial level to hold; $9,100-9,300.

Check it here:https://t.co/nCn6H1LjY5 pic.twitter.com/TxxsVk0GrB

— Crypto Michaël (@CryptoMichNL) June 10, 2020

BTC overhead stepping stones:1. $10K – Resistance & psychological barrier2. $10.5K – 1st higher high, changes market structure.3. $11.6K – Last 3 cycles, a monthly close above 50% Fib retracement = 🚀

4. $14K – A close above monthly ATH close always = 🚀

— Nunya Bizniz (@Pladizow) June 1, 2020

The government needs to stop this madness of deciding whether they want to ban crypto or not. Either do it so we can fight it or come up with better regulations instead of throwing a news byte every few days creating panic in public.

Aadmi kare to kya kare?

— Naimish Sanghvi (@ThatNaimish) June 12, 2020

Evidence of buyer interest around $btc M.O.This level got front run on recent dumps. Sellers just don’t have what it takes to push price down.

Longed. pic.twitter.com/LDyjNYJQDn

— Mohit Sorout 📈 (@singhsoro) June 11, 2020

India Plans Bitcoin Ban Even as Its Banking System Gradually Collapses

https://charts.woobull.com/bitcoin-hodl-waves/

https://cointelegraph.com/news/bitcoin-price-to-hit-12k-or-8k-next-btc-traders-discuss-macro-signs

➡️ OPM Wealth: http://opm.cryptonewsalerts.net

With the Bitcoin price climbing an astonishing 9 million percent, that makes BTC the best preforming asset in the past decade.

Coming into the first quarter of 2020, offbeat asset Bitcoin is already proving to be the year’s best investment.

The benchmark cryptocurrency’s upside run has returned roughly twenty-fold returns in January.

Its rate peaked at over $9,190 on Coinbase exchange on the 19th.

In comparison, it was trading at a mere $6,300 on December 18th, 2019.

Whether speculative or real, the gains have left investors under a spell.

Meanwhile, the market is serving more bullish narratives for the year 2020, many of them predicting the Bitcoin (BTC) price to close above its historical high of $20,000.

Top 20 Best Cryptocurrencies in 2020: Which Coins to Watch For This Decade

In today’s show I share a list of the top 20 best Cryptocurrencies to watch for in 2020 and beyond.

Check out the biggest, most popular promising crypto-assets to consider investing and buying this decade.

Peter Schiff Lost His Bitcoin, Claims Owning Crypto Was A ‘Bad Idea’

“I just lost all the Bitcoin I have ever owned. My wallet got corrupted somehow and my password is no longer valid. So now not only is my Bitcoin intrinsically worthless; it has no market value either. I knew owning Bitcoin was a bad idea, I just never realized it was this bad!”

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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:

I just lost all the #Bitcoin I have ever owned. My wallet got corrupted somehow and my password is no longer valid. So now not only is my Bitcoin intrinsically worthless; it has no market value either. I knew owning Bitcoin was a bad idea, I just never realized it was this bad! pic.twitter.com/6SJvDJOZU6

— Peter Schiff (@PeterSchiff) January 19, 2020

Heightened geopolitical risk has resulted in both gold and Bitcoin moving higher, but for different reasons. #Gold is being bought by investors as a safe haven. #Bitcoin is being bought by speculators betting that investors will buy it as a safe haven.

— Peter Schiff (@PeterSchiff) January 3, 2020

Top 20 Best Cryptocurrencies in 2020: Which Coins to Watch For This Decade

2 Genuine Reasons Why Bitcoin Will Hit $20,000 in 2020

https://cointelegraph.com/news/peter-schiff-lost-his-bitcoin-claims-owning-crypto-was-a-bad-idea

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Bitcoin billionaire Tyler Winklevoss says the Bitcoin price will ‘at least’ 45x from here surging to $585,000 per BTC in his recent tweet on Crypto Twitter:

“JP Morgan analysts think Bitcoin could triple in value and challenge gold. While I think its at least like a 45x from here, not a 3x, at least we can agree that bitcoin is going up. It’s hard to understand why anyone wouldn’t own BTC by now.”

The Bitcoin bull was referencing the following Fortune article entitled:

“For years J.P. Morgan was skeptical of Bitcoin. Now the bank’s analysts say its value could triple, challenging gold”

A team of analysts at J.P. Morgan’s Global Markets Strategy group are touting Bitcoin’s emergence as an alternative to gold among millennials, suggesting a “doubling or tripling” in the price of the cryptocurrency if current trends continue.

The prediction, which came in a research note published on Friday, is remarkable given the bank’s onetime skepticism toward Bitcoin, which included CEO Jamie Dimon calling it a “fraud” in 2017 and saying he would fire anyone trading it for being “stupid.”

J.P. Morgan’s bullish stance is driven in part by PayPal’s recent decision to offer Bitcoin to its customers and Square’s recent move to add $50 million of the cryptocurrency to its balance sheet.

Another major factor for its position, though, is the demographic trend in which younger generations are choosing Bitcoin over gold.

“The older cohorts prefer gold, while the younger cohorts prefer Bitcoin as an ‘alternative’ currency,” says the research note.

The analysts go on to observe that, if this trend continues, there could be a challenge to gold in the long term—with important price implications for Bitcoin.

“Even a modest crowding out of gold as an ‘alternative’ currency over the longer term would imply doubling or tripling of the Bitcoin price from here,” the note states.

Bitcoin is currently trading at around $13,000.

That falls well short of its all-time high of nearly $20,000, which occurred during the crypto bubble of late 2017, after which Bitcoin fell to around $3,400 the following year.

The current price run-up has been more stable, however, with Bitcoin staying above the $10,000 mark for an unprecedented three-month stretch. Millennials’ embrace of Bitcoin has been underway for a while.

Late last year, a Charles Schwab survey found that shares of GBTC, from Grayscale—a company that holds Bitcoin in trust—were more popular among the cohort than famous names like Netflix and Disney.

Meanwhile, Grayscale has been fanning the trend with a national TV campaign called “Drop Gold.”

In other trending Bitcoin News today:

Bitcoin Just Posted Biggest Buy Signal in More Than Two Years, Says Top Crypto Analyst Nicholas Merten – Here’s What’s Next

DataDash founder and crypto analyst Nicholas Merten says Bitcoin just flashed its biggest buy signal in over 24 months.

“What we need to do is set a close, and I would like to see a substantial close above the yearly high close here which is $13,880. If we can get $14,000, $15,000 for Bitcoin just by the end of the year, going through October, November, up until December…

That’s all we need to see folks. It is a clear telltale sign in price in the simplest form of analysis. Again, simplicity wins out. It is the simplest key sign here that we’re setting up for a substantial move in the market.”

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Trezor: ► http://trezor.cryptonewsalerts.net

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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:

JP Morgan analysts think #Bitcoin could triple in value and challenge gold. While I think its at least like a 45x from here, not a 3x, at least we can agree that bitcoin is going up 🚀. It’s hard to understand why anyone wouldn’t own BTC by now. https://t.co/FurucyrVMV

— Tyler Winklevoss (@tyler) October 26, 2020

https://fortune.com/2020/10/26/jp-morgan-chase-bitcoin-predictions-analyst-jpm-cryptocurrency/

https://dailyhodl.com/2020/10/27/bitcoin-just-posted-biggest-buy-signal-in-more-than-two-years-says-top-crypto-analyst-nicholas-merten/

https://www.btctimes.com/news/can-october-record-bitcoins-highest-monthly-close