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Early Bitcoin developer and co-founder of Ethereum and Polkadot, Gavin Andresen, is outlining a future where BTC rises to a staggering $6,000,000 per coin.
Gavin Andresen, who took over as Bitcoin’s lead maintainer from founder Satoshi Nakamoto in 2011, just published a new blog post detailing how BTC’s theoretical evolution could look.
In other trending Bitcoin News today: Bitcoin Will Disrupt the Payments Industry, Says Strike CEO After BTC Tipping Rolls Out on Twitter!
CEO Jack Mallers says in a new CNBC interview that his company’s recent partnership with Twitter to bring BTC tipping to the social media giant will make paying people as easy as messaging them over the internet.
“We’re using Bitcoin to make tweeting at someone as easy as sending money to someone, anywhere in the world, any time, any place, any currency, it doesn’t matter… You have absolute payment disruption that’s been a long time coming.”
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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.
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Here’s How Bitcoin Price Could Hit ,000 By as Early as March | BTC Stuns Bears Soaring 0
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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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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.
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#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
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Bitcoin Price to Hit K or K Next? Crypto Traders Discuss Macro Signs | India Plans BTC Ban
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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
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MAX KEISER GAVE ALEX JONES 10,000 BITCOIN ON A LAPTOP 10 YEARS AGO NOW WORTH $550 MILLION TODAY!!
💰 BlockFi: Up To $250 Bitcoin Bonus: https://blockfi.com/cryptonewsalerts
Bitcoin pioneer Max Keiser, RT host of the Keiser Report and Orange Pill Podcast gifted InfoWars founder Alex Jones a laptop with 10,000 BTC 10 years ago back when the Bitcoin price was under $5 which he claims to have lost which is now worth more than $550 million dollars today.
“And Max Keiser comes to me…10,000 Bitcoins for you. This is the future. It will be the new global currency (he’s on record)…I lost the laptop he put the 10,000 on. Today, what’s 10,000 Bitcoins worth? A lot.”
After Bitcoin roared back to $56,000 earlier today, this would be worth a whopping $560 million.
American comedian Andrew Schulz went on to physically slap Jones, who swore he had a cryptocurrency fortune:
“He [Keiser] was the guy who told me that it was gonna replace the dollar, and that Japanese guy invented it.”
In a tweet, Max Keiser – who is known as one of the earliest Bitcoin advocates -confirmed that he did gift the 10,000 coins to AlexJones. Back then, they were trading at just mere dollars.
Max Keiser finally managed to convert America’s most famous conspiracy theorist into a Bitcoin believer while revealing his $400,000 BTC price prediction on Jones’ show.
In other trending Bitcoin News today:
Israeli Asset Manager Doubles Its $100M Bitcoin Investment In Just Two Months
Israel’s Altshuler Shaham Investment House has doubled its money after tipping $100 million into the Grayscale Bitcoin Trust late last year. It’s the only Israeli institution kn to have invested this magnitude of funds into Bitcoin so far.
The news follows increasing institutional interest in Bitcoin internationally, with reports on March 7 that Chinese tech company Meitu had become the first Hong Kong-listed company to invest $40 million into cryptocurrencies, split between Ethereum and Bitcoin.
Israel’s Globes publication reported that Altshuler Shaham acquired the GBTC shares in late 2020 when Bitcoin was trading around $21,000. Co-CEO, founder and co-owner Gilad Altshuler told the publication:
“The $100 million investment has become $200 million, and of the $200 million we have already sold about a third.”
He added, “This is a new investment for us. It took a few months until we got all the relevant approvals and all the opinions that approved our investment in the field.”
The Globes report stated the investment house currently holds around $150 million worth of the cryptocurrency — with Altshuler noting it may add more:
“It depends on the price. We were a little intimidated by the speed with which Bitcoin reached these prices, with its global market capitalization crossing the $1 trillion mark, and that worried us a bit.”
Altshuler Shaham is one of the largest investment houses in Israel, managing around $51.5 billion in long term savings for retirement and pension funds as of the end of January. It’s not the first time Altshuler Shaham has dabbled in cryptocurrency, with the firm reportedly taking positions in local initial coin offerings back in 2017.
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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:
My son @SpencerKSchiff went all in on #Bitcoin on the last drop below $50k. 100% of his portfolio is now in Bitcoin. He sold the last of his #silver stocks to raise the cash. If my own son is this brainwashed imagine how vulnerable most kids are. He’s HODLing to infinity or bust.
— Peter Schiff (@PeterSchiff) March 10, 2021
https://u.today/infowars-alex-jones-lost-laptop-with-560-million-worth-of-bitcoin
https://cointelegraph.com/news/peter-schiff-s-son-moves-100-of-his-portfolio-into-bitcoin
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