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The Bitcoin technical charts suggest that BTC is heading for $90K levels but might witness a shake-off before that. The recent Taproot upgrade to the Bitcoin blockchain can fuel further rally to a $190K-$260K cycle peak in December.Â
Also stock-to-flow model creator Plan B clarifies his $98K November BTC price prediction sharing the following:
âTo clarify: 98K Nov prediction is NOT based on S2F model but on my floor model. As I said before (in tweets and latest podcasts), I use 3 models:
1) S2F
2) Floor model
3) On-chain model
If for example 98K Nov floor model prediction fails, that does NOT mean S2F or on-chain fails.â
In other trending Bitcoin News today: LA Lakersâ Home Staples Center Renamed to CryptoCom Arena in a $700M Deal!
âWe are very excited about partneringÂ
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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 (BTC) Is Gearing Up for Rally to $90,000 as It Hovers Around Its All-Time High
https://cryptopotato.com/la-lakers-home-staples-center-renamed-to-cryptocom-arena-in-a-700m-deal
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BITCOIN SMASHES K! BTC WILL HIT K AS NETWORK EFFECT HAS âTAKEN OVERâ SAYS MIKE NOVOGRATZ!
âĄïž REPLAY: âThe Crypto Catch-Upâ â http://teeka.cryptonewsalerts.net
Bitcoin will hit $65,000 due to a combination of low supply and âtons of new buyers,â major BTC investor Mike Novogratz says.
In an increasingly popular Twitter debate on Nov. 17, Novogratz, who is well known for his prominent Bitcoin plugs, told actress Maisie Williams not to hesitate in buying the cryptocurrency.
Williams had released a poll asking Twitter followers whether or not she should invest in BTC.Â
At press time, the verdict was split, with 47% of the roughly 750,000 responses supporting an investment.
The poll soon caught the attention of famous Twitter users, among them Tesla CEO Elon Musk.
âI bought more BTC last night at 15,800. Itâs going to 20K and (then) To 65K,â Novogratz commented.
âThe network effect has taken over. I see tons of new buyers and there is very little supply. Itâs an easier trade here (than) at 11K. So YES, buy it.â
As Cointelegraph reported, Bitcoinâs recent rise has been noticeable for the lack of associated media attention it has received.
Despite being at levels not enjoyed by the token longer than two weeks in its history, Bitcoin has not yet sparked the same frenzy of publicity that accompanied its rise to $20,000 all-time highs in 2017.
Behind the scenes, however, institutions that were previously unlikely supporters are coming around to the idea of a future in which Bitcoin stars as a major investment asset. Among them was Citibank this week, which forecast a December 2021 Bitcoin price of up to $318,000.
In other trending Bitcoin News today:
âTHE PRIMARY HURDLE TOWARD $50,000 BITCOIN IS THE $20,000 ALL-TIME HIGHâ
Bitcoin has rocketed higher over recent weeks. In the past five weeks alone, the leading cryptocurrency has gained 60%, boosting to $16,600 as of this articleâs writing. Earlier today, the coin was trading higher than this closer to $17,000.
Analysts are confident that further gains are on the horizon.
According to Mike McGlone, a senior commodity analyst or strategist at Bloomberg Intelligence, Bitcoin passing its previous all-time high at $20,000 will cause a large move higher.
Referencing the chart below, he went as far as to say that the cryptocurrency passing $20,000 per coin could trigger a move to a $1 trillion market cap for all Bitcoin. This corresponds with approximately $50,000 per token, a price 200% higher than the current price point of $16,600.
Commenting on what the chart shows for Bitcoin, McGlone wrote:
â$20,000 Bitcoin Is Primary Hurdle Toward $1 Trillion Market Cap â The digital version of gold but with more-limited supply and a history of adding zeros, appears to be in an early price-discovery stage and may simply continue its ascent in 2021. Mainstream adoption is risingâŠâÂ
Analysts think that Bitcoin moves beyond $50,000 in this market cycle, despite how impressive a rally to $50,000 would be. The Winklevoss Twins, the co-founders of Gemini and long-time BTC holders, recently stated that the cryptocurrency could pass $500,000 per coin in this market cycle:
âInflation is coming. Money stored in a bank will get run over. Money invested in assets like real estate or the stock market will keep pace. Money stored in gold or BTC will outrun the scourge. And money stored in Bitcoin will run the fastest, overtaking goldâŠÂ
Nonetheless, we believe that BTC will continue to cannibalize gold and that this story will play out dramatically over the next decade. The rate of technological adoption is growing exponentially. Software is eating the world and gold is on the menu.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:
â 1yr HODL % still really high? Yepâ bitcoin being rushed off exchanges? Yepâ funding still neutral? Yepâ Institutions still buying? Yep
Cool, See you at $22k in a few weeks when price reaches the 350dma x 2 of the Golden Ratio Multiplier. pic.twitter.com/pI84kJwmhh
â Philip Swift (@PositiveCrypto) November 16, 2020
$20,000 incoming -,A new wave of media coverage â A pop to $28,000 â A pause, possibly
â Then higher #Bitcoin
â Max Keiser (@maxkeiser) November 17, 2020
I bought more $BTC last night at 15800. Itâs going to 20k and the. To 65 k. The network effect has taken over. I see tons of new buyers and there is very little supply. Itâs an easier trade here that at 11k. So YES, buy it.
â Mike Novogratz (@novogratz) November 17, 2020
$20,000 #Bitcoin Is Primary Hurdle Toward $1 Trillion Market Cap â
The digital version of #gold but with more-limited supply and a history of adding zeros, appears to be in an early price-discovery stage and may simply continue its ascent in 2021. Mainstream adoption is rising.. pic.twitter.com/m4JSt5G09Nâ Mike McGlone (@mikemcglone11) November 16, 2020
The Primary Hurdle Toward $50,000 Bitcoin Is the $20,000 All-Time High
https://cointelegraph.com/news/bitcoin-analyst-gives-4-reasons-why-btc-price-will-hit-22-000-next
https://cointelegraph.com/news/bitcoin-will-hit-65k-mike-novogratz-tells-actress-maisie-williams
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INVESTMENT FIRM PREDICTS BITCOIN TRILLION MARKET!! XRP WILL RISE 12,900% IN NEXT BTC BULL CYCLE!!
âĄïž Leverage OPM (Other Peopleâs Money): http://opm.cryptonewsalerts.net
An investment firm that predicted Teslaâs meteoric ascent is extremely bullish on Bitcoin and says the BTC market cap could go as high as $5 trillion.
Also in todayâs show, Credible Crypto predicts the Ripple XRP price will rise 12,900% in the next Bitcoin bull cycle.
In a comprehensive report, New York-based thematic investment firm ARK Invest sees massive growth potential for Bitcoin over the next few years despite its already impressive run that has defied expectations.Â
âOur analysis suggests Bitcoin is early on its path to monetization, with substantial appreciation potential. In our view, Bitcoinâs $200 billion market capitalization â or network value â will scale more than an order of magnitude to the trillions during the next decade.â
Specifically, ARK Invest points out that the adoption of Bitcoin as a global settlement network, as a protection against asset seizure, as digital gold, or as a catalyst for demonetization in emerging markets has the potential to fuel the growth of the crypto assetâs market cap.
Despite their high evaluation of the crypto asset, ARK Invest points out the several risks that threaten Bitcoinâs growth potential.
For one, ARK Invest says security breaches and institutional mismanagement have cost investors millions of dollars with no legal recourse.
Other risks are regulatory uncertainty and âover-institutionalizationâ, which the company says could cause a monopoly in Bitcoin transactions and present an âexistential risk to bitcoinâs value proposition.â
Although risks are present, ARK Invest highlights the potential of BTC to print massive gains within a decade.
âBitcoin offers one of the most compelling risk-reward profiles among assets, as our analysis suggests it should scale from roughly $200 billion today to $1-5 trillion network capitalization during the next five to ten years. In our view, capital allocators must consider the opportunity cost that will be associated with ignoring bitcoin as a new asset class.â
In other trending Bitcoin News today:
Credible Crypto Predicts XRP Will Rise 12,900% in Next Bitcoin Bull Cycle
Closely-followed trader and crypto strategist Credible Crypto sees XRP meteorically rising by over 12,900% in the next Bitcoin boom cycle.
In a new tweet, the crypto analyst tells his 68,000 followers that Rippleâs native token has the potential to massively increase oneâs net worth in the coming years.
âKeep it real. XRP price IS NOT âpre-determined.â XRP IS NOT âbacked by gold.â XRP WILL NOT reach the prices BTC has ($10,000+). XRP will NOT replace the dollar. But it doesnât need to do ANY of these things to make you and me life-changing money over the next 3 years.â
When asked to provide his price prediction for the fourth-largest cryptocurrency, Credible explains why he believes XRP can skyrocket between $20 â $30 before the current bull market expires.
ââŠitâs gone 1000x+ in the last run, this would just be 100x. Regarding sell pressure, weak hands have long sold their XRP for other projects. The ones holding now wonât sell soon.â
Not all analysts share Credibleâs long-term bullish attitude towards XRP. Widely-followed veteran trader Peter Brandt told his crew of 375,000 to be cautious about investing in Rippleâs native asset.
âDonât place your faith in XRP.â
Brand notes that Rippleâs ownership of more than half of the total supply of XRP is a potential liability.
He believes the token has more downside potential as it continues to underperform relative to other major cap coins.
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DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky, especially when trading with leverage. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.
Show Notes / Resources:
Keep it real.$XRP price IS NOT âpre-determined.â $XRP IS NOT âbacked by goldâ. $XRP WILL NOT reach the prices $BTC has ($10,000+).$XRP will NOT replace the dollar.
But it doesnât need to do ANY of these things to make you and me life changing money over the next 3 years.
â Credible Crypto (@CredibleCrypto) October 2, 2020
It wonât need as much as it seems it would. Many people think the same. But itâs gone 1000x+ in the last run, this would just be 100x. Regarding sell pressure, weak hands have long sold their $XRP for other projects. The ones holding now wonât sell soon. https://t.co/jelsS4rTdc
â Credible Crypto (@CredibleCrypto) October 2, 2020
Don’t know about the long long term, but looking for $20-$30 over the course of this next bull run (2-3 years).
â Credible Crypto (@CredibleCrypto) October 2, 2020
Credible Crypto Predicts XRP Will Rise 12,900% in Next Bitcoin Bull Cycle
https://cointelegraph.com/news/trump-price-dots-and-covid-19-5-things-to-watch-in-bitcoin-this-week
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XRP PRICE PREDICTIONS AHEAD OF RIPPLE SWELL CONFERENCE | Peter Schiff Bitcoin Vs. Gold
Ripple XRP cryptocurrency is stuck at $0.29 â but this does not prevent its supporters from dreaming big with the upcoming Ripple Swell Conference scheduled to take place November 7th-8th.
XRP price predictions shared in todays show range from $0.50 to $8.00 and everywhere in-between.
The asset, which peaked above $3 and never returned to those valuations, is facing renewed enthusiasm ahead of the annual Ripple Swell 2019 conference.
In other Crypto news today:
Peter Schiff blames âWhalesâ after Bitcoin gains 30% against Gold.
He tweeted,
âBitcoin hodlers wonât sell as they believe theyâll get rich when #Bitcoin moons. Bitcoin whales get rich by selling now to realize their paper gains before a market crash wipes them out. The whales must make sure the hodlers donât lose faith and cash out so that they can cash in!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.
News Resources From Todayâs Show:
I predict $0.50 to $1.00 between December and March. If that is due to utility and more channels have opened with the same results as MG, and if they share great results at SWELL, between the news and the connection but utility and price, that is when the FOMO starts.
â Agent (@TheAgentSmithV3) October 20, 2019
If you’re looking for price increases, most likely end of Q1 2020. More major announcements to come in Q4. SWELL will be the best.
â Rachel Lee (@LeeR912) October 2, 2019
https://cointelegraph.com/news/peter-schiff-blames-whales-after-bitcoin-gains-30-against-gold
Post Views: 413