BITCOIN COULD SHATTER $1,000,000 THIS YEAR, SAYS MACRO GURU – HERE’S WHY!! RECORD BTC WEEKLY CLOSE!!

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

The Bitcoin price performance since difficulty bottom chart shows the formation of a cup pattern peaking in spring 2021.

This BTC price prediction tool puts Bitcoin at an astonishing $400k by then.

Right on cue, analyst @100trillion USD, also known as PlanB, tweeted a chart.

It’s based on a ratio of current price over bottom price ($3.7k – December 2018) against time and represented by mining difficulty.

The chart shows four distinct cycles, each beginning with low mining difficulty that corresponds with a low ratio of current price/bottom price. In each case, the ratio increases in line with mining difficulty until it peaks at around 120,000 – 140,000 blocks.

With this comes a dip in the ratio as mining difficulty gets increasingly hard. Current mining difficulty is at 80,000 blocks and based on the previous three cycles, there is room to grow up until the cup ceiling.

With that in mind, a ratio of 10, or 10 times the bottom ($3.7k), puts Bitcoin (BTC) at around $37k come halving time. What’s more, a climb towards the ceiling will see a ratio of around 100, or 100 times the bottom, putting Bitcoin at $370k by spring 2021.

BITCOIN SEES ITS FIFTH LARGEST HOURLY PRICE CRASH EVER

Bitcoin’s fifth largest hourly price drop in history happened today, according to data from Coin Metrics. In a shock brutal crash, BTC shed around $1,000 in value in less than one hour.

What does it mean?

“Today marks Bitcoin’s fifth largest hourly price drop in price history. A ~$1000 drop in under an hour. The only other time we’ve seen a greater dollar price drop is at the Dec. 2017 peak.”

Follow Us:

➡️ [PODCAST PROMO] Get $25 In Free CMDX Tokens from our sponsor: http://promo.cryptonewsalerts.net

🔥 Blog/Podcast: http://CryptoNewsYes.com

🔥 Subscribe on YouTube: http://CryptoNewsAlerts.net

🔥 Subscribe on iTunes: http://itunes.cryptonewsalerts.net

🔥 Subscribe on Stitcher: http://stitcher.cryptonewsalerts.net

🔥 Subscribe on TuneIn: http://tunein.cryptonewsalerts.net

🔥 Follow on Twitter: https://twitter.com/CryptoNewsYes

🔥 Join our Private Crypto FB group: ► http://fb.cryptonewsalerts.net

🔥 Join our Private Crypto Telegram group: ► http://telegram.cryptonewsalerts.net

🔥 Binance – Buy, Sell or Trade Over 400 Altcoins: ► http://binance.cryptonewsalerts.net

🔥 [IMPORTANT] – Secure your crypto with a Trezor or Ledger hardware wallet:

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:

Bitcoin’s hourly price change in % terms paints a much different picture.A 9.1% hourly drop ranks 122nd.

In 2013, the month of April alone saw Bitcoin drop >9% more than 20 times. pic.twitter.com/3V2dKd2ibI

— Yassine Elmandjra (@yassineARK) February 19, 2020

Today marks Bitcoin’s fifth largest hourly price drop in price history.A ~$1000 drop in under an hour. The only other time we’ve seen a greater dollar price drop is at the Dec. 2017 peak.

Data via @coinmetrics pic.twitter.com/5l0eOehKu4

— Yassine Elmandjra (@yassineARK) February 19, 2020

Bitcoin, while fundamentally is designed to go up over the ‘long’ term is currently being driven by derivative markets. Short term and mid term price trends caused by overleveraged traders can go any direction they want.

What can’t be faked, is the decade long bullish trend

— Jacob Canfield (@JacobCanfield) February 20, 2020

The Bitcoin halving is bigger than you know.

The daily global #Bitcoin demand will be higher than the daily release of #BTC; this was not the case in 2012 or 2016.

When the daily supply can’t fulfill the daily demand, we know what happens.

We’re in new territory #Crypto kids👍

— BITCOIN • XRP (@XRPjedi) February 18, 2020

Bitcoin Sees Its Fifth Largest Hourly Price Crash Ever

💰 BlockFi: (Up To $250 Bitcoin Bonus) https://blockfi.com/cryptonewsalerts

Crypto investment firm Pantera Capital has revealed a Bitcoin pricing model for BTC that places the world’s biggest cryptocurrency asset by market cap at staggering new levels.

In the company’s April letter to investors, Pantera notes that one of their models, which compares the amount of new Bitcoin users to the flagship crypto’s price, reveals a terminal BTC price of $700,000.

In other trending Bitcoin News today:

Japanese gaming giant Nexon invests $100M into Bitcoin. The online games and virtual world creator has snapped up 1,717 BTC for $58,226 each, as it believes the cryptocurrency offers “long-term stability and liquidity.”

🔥 Blog/Podcast: http://CryptoNewsYes.com

🔥 Subscribe on YouTube: http://CryptoNewsAlerts.net

🔥 Subscribe on Spotify: http://spotify.cryptonewsalerts.net

🔥 Subscribe on iTunes: http://itunes.cryptonewsalerts.net

🔥 Follow on Twitter: https://twitter.com/CryptoNewsYes

🔥 Join our Private Crypto FB group: ► http://fb.cryptonewsalerts.net

🔥 Join our Private Crypto Telegram group: ► http://telegram.cryptonewsalerts.net

🔥 Binance – Buy, Sell or Trade Over 400 Altcoins: ► http://binance.cryptonewsalerts.net

🔥 [IMPORTANT] – Secure your crypto with a Trezor or Ledger hardware wallet:

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://news.bitcoin.com/americas-fifth-largest-banking-institution-us-bank-to-offer-cryptocurrency-custody/?utm_source=OneSignalPush&utm_medium=notification&utm_campaign=PushNotifications

https://cointelegraph.com/news/ethereum-on-a-high-after-european-investment-bank-s-121m-digital-bond-news

https://cointelegraph.com/news/japanese-gaming-giant-nexon-invests-100m-into-bitcoin

💰 Get $100 in Free Bitcoin from iTrust by completing 2 Steps:

1. Register here: http://itrust.cryptonewsalerts.net

2. Confirm your email. That’s it! Yes, $100 in Real BTC, for Free! (USA only)

3. Fund your account.

That’s it! Yes, $100 in Real BTC, for Free! (USA only)

Bitcoin price may be over seven times higher than at its last halving, but if history repeats, that number could grow another 300% with a BTC price peak as much as $253,800.

Bitcoin currently trades 7.3 times its price since the halving in May 2020. If the last halving cycle is anything to go by, however, price action will not stop until it is 30 times higher.

Ethereum saw much larger comparative gains relative to Bitcoin – 120 times its halving price marked last cycle’s peak in 2018.

Thus, a repeat performance would mean ETH/USD trading at $22,300 – again not beyond the realms of possibility.

Since the 3rd halving:

🟠 BTC is up 7.3x (topped at 29.5x last cycle)

🔴 ETH is up 24.8x (topped at 120x last cycle)

In other trending Bitcoin News today: Raoul Pal: Expect the ‘path of most pain’ around December!

Former Goldman Sachs hedge fund manager and Real Vision founder Raoul Pal believes that the social media pundits are wrong and that the crypto market cycle won’t end this year.

According to Pal, Bitcoin (BTC), Ether (ETH) and altcoin markets are likely to “take the path of most pain,” potentially crashing twice over the next six months.

“My guess is that we probably have a sell-off, and then it rips again because that is the path of most pain and markets tend to take the path of most pain.”

🔥 Subscribe on Spotify: http://spotify.cryptonewsalerts.net

🔥 Subscribe on iTunes: http://itunes.cryptonewsalerts.net

🔥 Follow on Twitter: https://twitter.com/CryptoNewsYes

🔥 Join our Private Crypto FB group: ► http://fb.cryptonewsalerts.net

🔥 Join our Private Crypto Telegram group: ► http://telegram.cryptonewsalerts.net

🔥 Binance – Buy, Sell or Trade Over 400 Altcoins: ► http://binance.cryptonewsalerts.net

🔥 [IMPORTANT] – Secure your crypto with a Trezor or Ledger hardware wallet:

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://cointelegraph.com/news/bitcoin-will-peak-at-253k-ethereum-at-22k-this-cycle-if-2016-halving-bull-run-repeats

https://cointelegraph.com/news/raoul-pal-expect-the-path-of-most-pain-around-december

https://cointelegraph.com/news/nyc-and-miami-mayors-duke-it-out-on-twitter-over-who-is-the-bigger-crypto-advocate

https://cointelegraph.com/news/bitcoin-on-chain-metric-suggests-2017-style-bull-run-will-continue