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Closely-followed cryptocurrency trader Michaël van de Poppe is unveiling how high Bitcoin, Ethereum, Cardano and a handful of other crypto assets can rise before this bull market expires.
In a new tweet, Van de Poppe tells his 192,000 followers that he expects Bitcoin (BTC) to end the bull market with a price tag between $350,000 and $450,000. From BTCâs current value of $58,427, the traderâs apex target represents an upside potential of over 670%.
In other trending Bitcoin News today:
XRP Surpasses $1 For The First Time Since 2018: Whatâs Behind The New Rally?
The price of XRP has surpassed $1 on April 6 for the first time since March 2018, putting its market valuation at around $47 billion.
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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/xrp-surpasses-1-for-the-first-time-since-2018-what-s-behind-it
https://cointelegraph.com/news/bitcoin-s-1-trillion-market-holds-for-10-days-straight
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BITCOIN COULD REACH 0K NEXT YEAR DUE TO INSTITUTIONAL MONEY SAYS MACRO INVESTOR RAOUL PAL!!
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Bitcoin may hit $150,000 by November 2021, according to Raoul Pal, founder and CEO of Global Macro Investor and Real Vision â and that would be the most conservative BTC scenario.Â
Pal believes that Bitcoin could even reach $250,000 due to the large amount of institutional money currently flowing into the BTC market.
That is what, according to Pal, makes the latest Bitcoin rally fundamentally different from 2017âs crypto bubble, which is believed to have been driven mainly by retail investors.
According to Pal, most of Bitcoinâs additional supply is currently being absorbed by PayPal, Square â which recently adopted crypto services â and Grayscale. He believes that the resulting supply squeeze is the catalyst for Bitcoinâs latest surge.
âIâve never seen a market with this supply and demand imbalance beforeâ, Pal said, pointing out the macroeconomic factors that are playing in Bitcoinâs favor.
Despite news on the coronavirus vaccine sparking hopes of a quick economic recovery, governments will likely need to release additional monetary stimulus to sustain their economies.Â
That, according to Pal, will lead to a devaluation of fiat. He believes that this together with low interest rates will propel Bitcoinâs price to new highs.
âItâs life-changing. No other asset has an upside of 5x, 10x, 20x in a short space of time,â he stated.
In other trending Bitcoin News today:
Bloomberg Lists 5 Bullish Trends For Bitcoin Price Despite âThanksgiving Crashâ
Bitcoin (BTC) continues to convert some of its harshest traditional critics from mainstream finance as Bloomberg admits that this bull run is nothing like 2017.Â
In an article on Nov. 27, the publication known for its pessimism highlighted a range of Bitcoin metrics pointing to a bullish future â despite Thursdayâs $3,000 price rout.
Included as evidence were record-high Bitcoin futures open interest, non-zero wallet numbers, hash rate and the lack of correlation between Bitcoin and other macro assets.
âJust look at market technicals and Wall Streetâs growing embrace of the worldâs biggest digital currency,â it began.
âAnd while the trading doesnât always run smoothly, the $315 billion digital coin is far deeper and more liquid than it was during last boom in 2017.â
Bloomberg referenced what it describes as âcrypto diehardsâ who reject the idea that the current price gains are another bubble. Among them was regular Cointelegraph contributor, Mati Greenspan.
âItâs different now,â he commented.
âThe last time we saw Bitcoin get this high, the blockchain was close to collapsing, but the network has had improvements since then.â
A separate interview with Bloomberg TV on Friday meanwhile saw Antoni Trenchev, CEO of the worldâs biggest crypto lender Nexo, forecast Bitcoin hitting a new all-time high by the end of 2020, adding:
âThe digital gold narrative is stronger than ever. If Bitcoin captures just 10% of the total market cap of gold, we will be at $50,000 in no time.â
The lack of criticism contained in the article echoes growing acceptance of Bitcoin as a genuine asset, whether investment interest is coming from retail or institutional circles.
Part of the cryptocurrencyâs positive image stems from its now eight-month growth spurt versus its March crash, during which it has consistently outperformed other macro assets.Â
Even after its retreat to $17,000, Bitcoinâs year-to-date returns stand at 135%, against 19% for gold and 12% for the S&P 500, data from analytics resource Skew confirms.
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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:
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CNBC Analyst Says Massive ,000 Bitcoin (BTC) Bull Run Officially Underway! | Ethereum Skyrockets!
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CNBCâs Brian Kelly says he believes Bitcoin is ready to once again surprise the naysayers and begin a blistering parabolic bull run.
In a new interview on Fast Money, Kelly points to the recent BTC halving, which cut the rate of new supply entering the market in half, as a prime reason Bitcoin is set to outperform gold amid the shaky global economy.
âFor me, itâs going to be Bitcoin. You might say Iâm biased because I run a crypto fund, but thatâs not it. I also trade macro, which means I have a whole bunch of different things I can invest in: currencies, stock, bonds, precious metals. And when I look at precious metals versus Bitcoin, Bitcoin has better fundamentals.
And with fundamentals, Iâm talking about the stock-to-flow ratio. Itâs better than gold at this point because we had the halving, and when I look at the Bitcoin cycles, the bull markets tend to cluster around the halvings.â
Kelly says he thinks Bitcoin is on track to return to its all-time high of $20,000 within six months, with $50,000 coming next year.
In the same time frame, he doubts gold will double in value.
âSo weâre tracking right along the 2016 halving cycle and that would imply that sometime in Q2 2021, youâre looking at a Bitcoin price of $50,000. So thatâs kind of the long-term target. And in the shorter term, $10,500 was a really big number.
Weâre breaking out of a two-year range. It would not surprise me, this is just pure trading 101, once you break out of a range, [an asset] goes to prior highs. Thatâs $20,000. To me, I think thatâs three to six months down the road. So Bitcoin looks like it could go two to five times higher.â
When pressed on why heâs overly bullish, with many sky-high Bitcoin predictions failing to materialize in the past, Kelly said he believes his forecast fits right in with Bitcoinâs prior price history.
âWhat we know about Bitcoin is itâs extremely volatile. Itâs highly speculative, and when it goes on these speculative runs, it goes a lot further than people expect.
So I donât think saying $20,000 is that outrageous when itâs already been there. You might question me on the $50,000, but thatâs a year from now.â
In other trending Bitcoin News today:
Ethereum Rockets 50% in 5-Year Anniversary Month: Whatâs Behind the ETH Rally?
The Ethereum price has seen strong momentum in July. Since the start of the month, ETH has climbed by 50% from $225.5 to $340 on Coinbase.
It coincides with a five-year anniversary for the dominant smart contracts blockchain protocol.
There appear to be two key factors fueling the rally of ETH.Â
First, the anticipation of the market towards ETH 2.0 has been continuously building.
Second, the explosive growth of the decentralized finance (DeFi) market has upheld the momentum of Ethereum.
In mid-June, DeFi platform Compound essentially kickstarted the phenomenon called âyield farming.â
Ethereum users would flock to DeFi platforms providing the highest incentives, trying to obtain the highest yield possible.
Since then, several major DeFi platforms have emerged. According to Defipulse.com, Aave, Balancer, and Curve Finance have $482 million, $291 million, and $263 million locked in, respectively.
Consequently, the total value locked in the DeFi space has increased to $3.94 billion.
It is up by more than three-fold since the beginning of June.
The upward trajectory of the DeFi market could positively affect Ethereum for various reasons.
The most prominent factor is its usage as gas.
When users clog the Ethereum blockchain with many transactions, ETH is needed to pay transaction fees or âgas.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:
$COMP appears to be in a great position for a potential turnaround, according to the real-time metrics we’re seeing on Sanbase PRO. Track the chart to see the bullish developments for:1. DAA2. Network growth3. Transaction volume
4. Social volumehttps://t.co/4EleYExoKL pic.twitter.com/ZXWesq0hNQ
â Santiment (@santimentfeed) July 30, 2020
https://cointelegraph.com/news/ether-rockets-50-in-5-year-anniversary-month-whats-behind-the-rally
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BITCOIN PRICE ON VERGE OF 1000% RALLY | BTC Prediction Model Tidal Wave to 0K Increasingly Likely
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Bitcoin Price on Verge of 1,000% Rally: Crazy Accurate Analyst Who Predicted BTC $6,400 Bottom
There are few Bitcoin traders that have been as accurate as Dave the Wave over the past year.
The pseudonymous cryptocurrency trader predicted in the middle of 2019 that the BTC price of the asset would retrace to the mid-$6,000s to enter a âlong-term buying zoneâ after the over-300% rally that brought BTC from $3,150 to $14,000 in a few monthsâ time.
Bitcoin did just that, bottoming at $6,400 on December 18th, briefly entering the buy zone Dave the Wave laid out, offering investors with a rare opportunity to purchase the cryptocurrency at the peak of the feasible risk-return curve.
For the longest time, investors have been waiting for Bitcoin (BTC) to hit $100,000 â many think this is a price that will make the world, from Wall Street to Main Street, have true belief in BTC.
Right now, however, it seems entirely unfeasible for Bitcoin to hit $100,000 in the medium-term, for this price point lies around 1,000% higher than the current market price of $10,000 flat.
But, according to Dave the Wave, the cryptocurrency is still on a clear trajectory to enter a six-digit price point in the coming two to three years.
Dave backed this prediction by pointing out the cryptocurrency is on the verge of finishing a fractal correction and is about to break past of a long-term descending trendline, which marked the two swing tops over the past two years.
A move past the trendline, which will soon line up with the long-term buying zone for Bitcoin, is likely to kick off a rally to $100,000, Dave suggested.
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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:
Stay encouraged with any pullbacksAfter multiple weeks of green, a couple weeks of downward price action would be fine
Many were looking for the opportunity to buy and this could present ample opportunities
â Josh Rager đ (@Josh_Rager) February 15, 2020
ALTS barely flinched during the $BTC dump. In fact, it was barely a dump and there was barely a dip to buy.
All signs of how strong this market is and how strong $BTC & ALTS are.
Anyone who says they see weakness is just seeing a mirage in their head.
â Satoshi Flipper (@SatoshiFlipper) February 15, 2020
Price movements under $20,000 have only been a distraction to shake you out before $100,000 #Bitcoin
â Crypto Rand (@crypto_rand) February 14, 2020
For those getting stuck or confused on the shorter term call, here’s my view going forward. If you’re a holder/ investor, ignore the short term calls and focus on the medium/ long term.
Main point being, a consolidation to the buy zone would set BTC up nicely for its run. pic.twitter.com/AC2gv5VrGI
â dave the wave (@davthewave) February 16, 2020
Crypto Markets See Red as Bitcoin Begins Correction, How Low Will BTC Drop?
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