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A Bitcoin breakout to avoid a fresh price dip below $30K would be a “miracle,” says top trader Crypto Ed, as storm clouds gather for BTC bulls.
“Now in green box but I’d expect 1 more leg down today, followed by a bounce to ~35k From there down again, sub 30k, or ‘up only’ again, but the latter feels more like a miracle tbh.”
In other trending Bitcoin News today: As Bitcoin and Crypto Markets Retreat, On-Chain Analyst Says Major Shift Happening Behind the Scenes! With the crypto market struggling to sustain any bullish momentum, Popular on-chain data analyst William Clemente tells his 99,700 Twitter followers that sellers in the BTC market are starting to show signs of exhaustion.
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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/bitcoin-price-due-for-break-below-30k-trader-warns-after-9-daily-loss
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BITCOIN BEST CASE SCENARIO IS $450K BY CHRISTMAS, ACCORDING TO THIS BTC PRICE PREDICTION MODEL!!!!!
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Quantitative analyst PlanB says he believes that his end-of-year Bitcoin price forecast will be realized.
According to PlanB, BTC will hit a six-figure price by the end of 2021.
“I never had any doubt. I still think it will be $100,000 end of year, minimum. And there’s lots of time. We’re at [$40,000] now. So that’s a 2.5x. We’ve done more in one or two months, historically. So it can be done. I’m very confident…
Wait until you [see] my base case and best case scenarios! OK, a hint: best case Dec $450K.”
In other trending Bitcoin News today: Colombian President’s Advisor: Bitcoin Is the Most Brilliant Piece of Software!
The Advisor to the Colombian president talks about Bitcoin, his views about the asset, the country’s stance on it, and more.
“I approached Bitcoin as a great open-source project. After some time, I also got interested in the monetary innovation that it represents, and I am still discovering amazing new things every day.”
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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:
PlanB Maintains $100K Bitcoin Prediction, Reveals When His Model Would Be Invalidated
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BITCOIN NOW ON TRACK TO HIT $115K IN A FEW WEEKS SAYS PANTERA CAPITAL!! BTC PRICE PREDICTION 2021!!
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Blockchain investment firm Pantera Capital says Bitcoin looks like it will break the $100,000 level sooner than they originally forecasted.
In a new letter to investors, CEO and co-chief investment officer Dan Morehead notes that when BTC plummeted in March of 2020, he assured investors that it would set a new record within 12 months as institutional investors started making allocations.
“It took a few months to stabilize. A few months for the rally to build steam. Now it’s full on. My instinct from trading many cycles over 35 years is that crypto prices are going to melt-up. We’ll see much higher prices before this cycle is over.”
Morehead says Bitcoin is now rallying ahead of Pantera’s original projection. The CEO of the blockchain investment company highlights that as of March 15th, 2021, BTC is already three weeks ahead of schedule based on an analysis of the BTC stock to flow ratio (S2F) after the third halving.
Bitcoin broke the $60,000 mark on March 13th, exceeding Pantera’s original prediction of $52,943 for March 15th, 2021. Morehead concedes that BTC is outpacing their forecast and is now on track to reach $115,000 in a few weeks.
“Bitcoin is now ahead of our April 2020 forecast schedule — to hit $115,000 this summer.”
According to the firm, exposure to Bitcoin and the digital asset space has allowed their performance to skyrocket. Morehead also mentions the outstanding performance of the decentralized finance (DeFi) sector.
“Since publishing our March 2020 investor letter, which outlined our core thesis that unlimited money printing will push up the price of things whose quantity cannot be eased, Pantera Funds are up immensely.
In addition, the power of DeFi is emerging in the returns of our hedge funds. DeFi assets are out-performing even the remarkable performance of bitcoin.
We believe we are at the beginning of a multi-decade transformation.”
In other trending Bitcoin News today:
Rich Dad Poor Dad Author Says He’s Buying Bitcoin and Ethereum, Economy Is Screwed
Rich Dad Poor Dad author Robert Kiyosaki says he is racing to buy Bitcoin, Ethereum, and precious metals as the economy weakens.
In a new Rich Dad Radio Show podcast episode, the best-selling author and entrepreneur says that while he does not wish to argue over which store of value asset is superior, he is currently scrambling to own as much BTC, ETH and gold as he can.
“So I’m just grateful I have a lot of gold, silver, Bitcoin and Ethereum and I don’t get into the argument. Peter Schiff is always arguing about gold and silver and Max Keiser’s arguing back, and I think, ‘Why the heck are you guys arguing?’ Just get as much as you can right now because the government is screwed. We’re screwed. Our whole economy is screwed. We’re so deeply in debt, it’s like sinking into quicksand right and you’re arguing about gold, silver, Bitcoin. Just buy something.”
Last year, Kiyosaki predicted Bitcoin would break the $50,000 level in 2021. He said that this bet wasn’t necessarily based on the strength of Bitcoin, but in the weakness of the US economy and government.
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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:
Anyone who says “money doesn’t make you happy” is sick puppy who has never been broke. Money is a drug. It makes people happy. Problem is when drug wears off people get unhappy. Buy gold silver Bitcoin real money and stay happy.
— therealkiyosaki (@theRealKiyosaki) March 21, 2021
Saw some people freaking out about this drop of #Bitcoin and #altcoins.
Yes, altcoins drop further than $BTC due to the correlations.
And dips are interesting to accumulate.Corrections are healthy and organic.Stop zooming in on the charts and relax.
It’s still bull.
— Michaël van de Poppe (@CryptoMichNL) March 21, 2021
Pantera Capital Says Its Big Bitcoin Price Prediction Is Ahead of Schedule
https://cointelegraph.com/news/bitcoin-price-slides-5-after-failing-to-break-60k-here-s-why
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Bitcoin Price 15% Jump to ,500 on the Table | Cryptocurrency to Replace Fiat Currencies by 2030
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http://trade.cryptonewsalerts.netSince the Bitcoin price tapped $6,500 in late-November, analysts have been wondering if the bottom is really in.
The BTC price bounced by 20% from $6,500, hitting $7,850 just a week after that.
Now, Bitcoin (BTC) is currently trading at just above $7,500, seemingly trying to establish a market trend for the coming week.
While some say that Bitcoin’s inability to move past the resistance in the high-$7,000s is decisively bearish, an analyst has said that the odds are leaning in the favor of bulls.
Why BTC Could Jump 15%: Popular trader Mr. Chief (or Halo Crypto) recently noted on Crypto Twitter that the cryptocurrency ball is finally entering the court of the bulls.
He noted that the inverse chart of Bitcoin has shown that the cryptocurrency has broken below (meaning above) a key trend line that has been in place for over six weeks.
The asset is also situated in a descending channel (actually an ascending channel) that implies a move to $8,500 is “definitely on the table.”
A move to $8,500 would mark a 15% rally from current price levels. Also Adaptive Capital’s Willy Woo, a popular on-chain metrics analyst, noted on Dec. 7 that a proprietary indicator his fund uses is implying that the usage of the Bitcoin network is implying that bulls will soon gain the upper hand again:
“On-chain momentum is crossing into bullish [territory]… The bottom is most likely in, any [move] lower will be just a wick in the macro view.”
In other Crypto news today,
Deutsche Bank Research: Crypto to Replace Fiat Currencies by 2030 By 2030, the demand for alternative currencies will rise, with digital currencies eventually replacing cash, according to recent research from Deutsche Bank.
In the “Imagine 2030” report, Deutsche Bank strategist Jim Reid raised awareness of the challenges the existing fiat system has encountered in recent years, specifically with the emergence of cryptocurrencies.
Reid stipulated that people’s heightened demand for dematerialized means of payment and anonymity could drive more individuals to digital currencies.
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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:
On-chain momentum is crossing into bullish. Prep for halvening front running here on in. Can’t say what this indicator is, as it’s proprietary to @AdaptiveFund, but it tracks investor momentum. The bottom is mostly likely in, anything lower will be just a wick in the macro view. pic.twitter.com/WqiPRpweUv
— Willy Woo (@woonomic) December 7, 2019
15% Jump to $8,500 on the Table for Bitcoin Price; Analyst Explains Why
https://cointelegraph.com/news/deutsche-bank-research-crypto-to-replace-fiat-currencies-by-2030
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