BITCOIN DOMINANCE DROPS TO 3 YEAR LOW!! GUGGENHEIM $400K LONG TERM PREDICTION STILL STANDS!!

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Bitcoin pioneer Max Keiser says, “BTC will reach $100,000 and destroy anyone who gets in its way.

In a recent tweet who told his 230,000 followers:

“$28,000 is in play before we see a pullback – and then we’re heading to 6-figures”

Here are some more Max Keiser Bitcoin price predictions:

“All of these projects will be eviscerated,” Max says, adding “Now, bitcoin is going to make its move.” 

He explains that bitcoin has been playing cat and mouse with these other projects to see who’s right and who’s wrong.

“It’s going to go up to $100,000 per coin but it’s going to destroy everyone who gets in its way. So, all these altcoin posers and government subsidy-welfare bums will be eviscerated by the one true bitcoin. It’s about time…” says Max.

We also have full-time futures trader Adam Mancini taking note of Bitcoin’s latest exploits.

He predicts that BTC will print a new all-time high of $24,000 in only six months.

Mancini tells his nearly 60,000 Twitter followers that the crypto king is poised to end its three-year-long consolidation and follow gold’s lead.

“Bitcoin BTCUSD is setting up for a move – likely to follow in GOLD‘s footsteps. We’re coiling into a multi-year triangle, and these don’t resolve with small moves. Given the trend entering this pattern was up, this should resolve the same way with 15k then 24k targets.”

Mancini’s forecast comes as Bitcoin breaks psychological resistance at $10,000, reaching $10,824 at time of publishing according to CoinMarketCap. 

While the top cryptocurrency has struggled to take out that level throughout the year, Glassnode suggests that BTC’s latest trip above five figures may be different.

The crypto analytics platform says its coin days destroyed metric, which looks at the value of each Bitcoin transaction while giving weight to the number of days since the coins were last moved, remained flat as BTC rallied above $10,000 over the weekend, indicating that HODLers are not taking the opportunity to sell their crypto.

“In contrast to the last two times BTC hit $10,000 USD, we haven’t seen an increase in Bitcoin Days Destroyed today.”

In other trending Bitcoin News today:

Top Analyst Tone Vays Says Rapid Bitcoin (BTC) Rise to New All-Time Highs Likely If Crypto King Overcomes One Final Hurdle

Veteran crypto strategist Tone Vays says Bitcoin may be en route to printing a new all-time high, after its sudden rise above $11,000.

But first, it must flash one more bullish technical signal.

The analyst says Bitcoin’s rising market dominance suggests the crypto king is poised to launch a sustained uptrend, which is different from the parabolic rally that ended quickly in 2019.

“So as long as this trend continues, I will be very bullish on Bitcoin. I think Bitcoin will have a pullback back to $10,000. After that, it can take off to a new all-time high quickly, just like gold. I’m still bullish on Bitcoin very much. I’m not touching my HODL position.  I was selling my HODL position in 2019 to pre-pay bills because I did not trust that rally to $14,000.

I trust this rally to go way higher. I’m way more bullish now than I was in early 2019.” In order for Bitcoin bulls to dominate the market, Vays says must hold above a crucial line at $10,000.

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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:

Bitcoin $BTCUSD is setting up for a move – likely to follow in $GOLD‘s footsteps. We’re coiling into a multi-year triangle, and these don’t resolve with small moves. Given the trend entering this pattern was up, this should resolve the same way with 15k then 24k targets pic.twitter.com/9rRFm75PPp

— Adam Mancini (@AdamMancini4) July 26, 2020

https://www.rt.com/business/494236-bitcoin-will-destroy-everyone/

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A crypto analyst who warned traders about last year’s large Bitcoin (BTC) correction says he believes a similar scenario is about to play out.

With the Bitcoin price currently trading around $9,200 since peaking at $9,903 over the past seven days, the technical trader, known in the industry as Dave the Wave, says he believes that after failing to beat resistance at $10,000, BTC is now “back on track” to fall to $6,300.

Dave’s latest chart shows the BTC price falling next month to the low $6,000s. In the long run, the trader is extremely bullish on Bitcoin.

He says BTC is steadily approaching the end of a symmetrical triangle dating back to late 2017.

A quick survey sent to his 29,000 followers on Twitter shows most respondents agree that BTC is not yet ready to break out. Although he’s predicting pain in the short term, Dave is one of the most bullish analysts when it comes to Bitcoin’s path in the years ahead.

He predicts BTC will break through the strong line of resistance early next year and begin a long-term parabolic rally that will bring the leading cryptocurrency to $150,000 in 2023.

Dave made a name for himself in crypto circles after correctly calling the beginning of Bitcoin’s 2019 correction.

He told traders to brace for Bitcoin to drop to about $6,000 before the end of 2019.

The forecast ended up being on the mark, with BTC hitting a low of about $6,400 in December.

In other trending Bitcoin News today:

GOLDMAN SACHS IS INVITING CLIENTS TO A BITCOIN CALL: HERE’S WHY THAT’S SO IMPORTANT

Multinational investment bank Goldman Sachs will be hosting a Bitcoin call on May 27th for its clients.

The news was revealed Friday by The Block’s Mike Dudas, who shared the image below of an invitation to a call for May 27th entitled “Implications of Current Policies for Inflation, Gold, and Bitcoin.”

The call hasn’t even happened and some have postulated what this indicates and what could transpire in the wake of this call.

Although the Goldman Sachs call has yet to transpire and it’s unclear what exactly the firm will say about Bitcoin, many in the space have taken the news as a positive sign.

A commentator on institutional trends in the cryptocurrency space said that the existence of this call confirms there is true client demand for BTC.

“The fact that BTC is included tells you they are seeing substantial client interest.”

That’s not to say Goldman Sachs will be bullish on Bitcoin when the call comes around, though.

Sharmin Mosszvar-Rahmani, a Chief Investment Officer of the Investment Strategy Group at Goldman Sachs, has previously expressed bearish opinions about the efficacy of Bitcoin as an investment.

She wrote in a report published in 2018 that she believes cryptocurrencies “do not fulfill any of the three traditional roles of a currency,” before adding:

“Our view that cryptocurrencies would not retain value in their current incarnation remains intact and, in fact, has been borne out much sooner than we expected.”

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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:

pic.twitter.com/39lgLcer2w

— dave the wave (@davthewave) May 20, 2020

Does anyone think Goldman is going to be negative on BTC on this call?The fact that BTC is included tells you they are seeing substantial client interest.

Probably some good trading opps with this, including a possible run-up beforehand (may have already started). https://t.co/RH2yyXWmZr

— MacroScope (@MacroScope17) May 23, 2020

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CRUCIAL ON-CHAIN BITCOIN INDICATOR SUGGESTS A STRONG RALLY WILL COME

Ki Young Ju, CEO of CryptoQuant, noted that BTC is likely on the verge of a full-blown bull run as the mining ecosystem flashes a number of bull signals.

He shared a chart on September 24th, noting that Bitcoin miners are suggesting that a bull run is around the corner.

This same signal appeared in early 2017, preceding a parabolic surge.

“If BTC miners still drive the price, the next bull-run should be starting soon. MPI(Miner Position Index) has a very high hit rate in forecasting the bull/bear market when the macro factors like the stock market are not significant.”

Should history rhyme, the Bitcoin price is on the verge of a parabolic rally that should bring it past the previous all-time high at $20,000.

And if history actually repeats itself with Bitcoin surging another 1500% from here, then the BTC price can literally skyrocket to $150,000.

Aside from pure on-chain data, analysts say that the fundamentals of Bitcoin are stronger than ever.

This corroborates the expectations of the cryptocurrency market to undergo a strong rally to the upside.

Speaking on the fundamentals of BTC, Raoul Pal, CEO of Real Vision, recently stated: 

“Most people don’t understand the latter but is simply put, Powell has shown that there is ZERO tolerance for deflation so they will do ANYTHING to stop it, and that is good for the two hardest assets – Gold and Bitcoin.

Powell WANTS inflation. I don’t think he gets true demand push inflation but he will get fiat devaluation, in conjunction with the other central banks all on the same mission.”

Others like Pal have echoed this optimistic sentiment.

They say that due to the vast amount of monetary stimulus amongst other geopolitical and monetary trends, BTC is primed to move higher.

In other trending Bitcoin News today:

Bitcoin Has 60X Market Expansion Potential, Says Crypto Investment Firm Galaxy Digital – Here’s Why

Galaxy Digital Capital Management, a leader in digital asset investing, says Bitcoin’s mainstream market presence is on the rise, with more growth potential than gold. 

Although the precious metal has historically been investors’ favorite time-tested and reliable safety net against financial uncertainty, Galaxy Digital says in a new report that recent investments in Bitcoin from macro investing legend Paul Tudor Jones and tech giant MicroStrategy highlight Bitcoin’s attractiveness as a potential hedge against inflation.

With a market cap of over $200 billion, Galaxy Digital says Bitcoin still has tremendous room to grow.

“Gold’s market capitalization is currently over $12 trillion. Bitcoin’s value, on the other hand, is currently around $200 billion, less than 2% of the gold market. That presents a potential greater than 60x market expansion opportunity if Bitcoin grows to gold’s level as an alternative, digital store of value asset.”

Due to its open-source ethos and 11-year history of negative correlation to major global assets, Bitcoin has transformed from an obscure, decentralized peer-to-peer digital transaction facility to a globally-recognized institutional asset that is resistant to political censorship or interference.

Institutional adoption and usage of Bitcoin has surged since the Covid-19 pandemic, thanks to swelling government debt and fiscal stimulus hitting record highs, says Galaxy Digital.

“Top investors and large institutions are adopting it as an inflation hedge, including macro legend Paul Tudor Jones and MicroStrategy Inc., a publicly-traded business intelligence software firm (NASDAQ: MSTR).” 

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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:

One year from now I think 1 Bitcoin will be worth $53,100

— Crypto Capital Venture ⚡️ (@cryptorecruitr) September 26, 2020

https://mcusercontent.com/4ee5467326fbf62430854c9c7/files/d3f78f5b-247d-4232-8f29-ad603fef945f/GFM_Digital_Assets_Diversified_September_2020.pdf

When This Signal Flashed in 2017, Bitcoin Gained 1,500%. It’s Back Again

https://cointelegraph.com/news/ultimate-bitcoin-bull-case-trader-says-23-factors-show-a-rally-is-due