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Microstrategy CEO Michael Saylor in a new interview with Bitcoin Magazine, predicts BTC will hit $10,000,000 per coin. Bitcoin price hit $57,600 this morning, a new five-month high. In todayâs show I share the 5 most important things to watch in BTC market this week. Also in todayâs show: El Salvador to build $4M veterinary hospital using profits from Bitcoin trust. Salvadoran President Nayib Bukele has announced plans to invest part of the $4 million worth of profits the country has amassed from its Bitcoin (BTC) holdings to invest into constructing a new veterinary hospital in the local capital of San Salvador.
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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://cryptopotato.com/analysis-the-distinction-between-bitcoins-market-cycles-in-2017-and-2021/
https://cointelegraph.com/news/btc-price-hits-57k-five-month-high-5-things-to-watch-in-btc-this-week
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BITCOIN NOW TARGETING $95K BY MIDDLE OF APRIL AND $150K BY END OF JUNE, SAYS ANALYST PRESTON PYSH!!
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Market analyst and prominent podcaster Preston Pysh says Bitcoin is poised to continue its parabolic ascent.
In a new episode of the What Bitcoin Did podcast, Pysh says BTC will prove critics and naysayers wrong in the coming months as he believes the leading crypto asset will outperform beyond expectations.
âI think itâs going to be epic. I think the price between now and mid-April is going to be gangbusters, way more than people are expecting. And then, I think youâre going to go through some natural chop in volatility from there into the six figures by mid-summer into the fall. I think itâs going to be fascinating to watch. I canât wait to see the CNBC talking heads still not understand it.Â
Itâs going to be fun because everyoneâs looking at it and theyâre saying, âWhat is this thing? This doesnât make any [sense].â The same thing that youâve seen with all the people that have been long Tesla and all your traditional folks that were saying, âOh, itâs going to die here.â Itâs the same exact lens being applied to Bitcoin but probably 10x more so.âÂ
As for the exact price of Bitcoin, Pysh refers to a tweet that shows Bitcoin pulling off a steep rise and printing gains of over 106% in two months.
âI redrew it and thatâs why Iâm saying on the chart, whether this happens or not, I have no idea, but the redraw that I just recently posted, I think last week, has the price at $95,000 in mid-April before it starts to going into some chop.â
According to Pysh, the chop will likely send Bitcoin back down to $50,000 before resuming its ascent and targeting $150,000 by the end of June.
In other trending Bitcoin News today:
BITCOIN SHOWS DOUBLE BULLISH CONFLUENCE; NEXT TARGET: $50,000
A confluence of two classic technical indicators suggests Bitcoin will hit $50,000 in the short-term.
Dubbed as Bull Flag and Bull Pennant, both the patterns represent a period of consolidation after a strong uptrend, except with different structures. For instance, Bull Flags appear like downward sloping channels, wherein an asset moves lower while leaving behind a trail of higher lows and lower lows.
Meanwhile, Bull Pennants look like a Symmetrical Triangle, wherein the price forms higher lows and lower highs until its upper and lower trendlines converge. Both indicators point to trend continuation, meaning an asset would likely breakout to the upside after exiting their ranges.
The breakoutâs length comes to be as higher as the flagpoleâs height, i.e., the uptrend before the consolidation.
DOUBLE BULLISH CONFLUENCE
Bitcoin is forming the two bullish patterns on its one-hour chart, with its previous flagpoleâs length coming at $8,750. Therefore, the indicators note that the next price breakout could take BTC/USD as high as $8,725.
As of now, the pair is trading just above $45,000. Considering it consolidates further into the Pennant pattern, reaching the apex (~$44,500) before suggesting a breakout move, the upside price target would shift towards $53,225 (after adding $44,500 and $8,725).
The same theory holds valid for the Bullish Flag indicator, as shown in the chart below, except its breakout target may vary.
BITCOIN FUNDAMENTALS
More reasons to stay bullish on Bitcoin come from recent events, including Teslaâs $1.5 billion investment into the cryptocurrency as an alternative to its cash reserves and Twitterâs hopefulness to copy the trade. Many analysts believe that Bitcoin would become a de-facto asset in the corporatesâ balance sheets.
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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 is peace & love Fiat money is war & violence When we go global Bitcoin standard weâll have only peace & love. When I said this originally, it was hard to believe. Now, many understand.
âźïž & â€ïž
â Max Keiser (@maxkeiser) February 10, 2021
$TSLA $MSTR #Bitcoin all being attacked with naked-sell orders by panicky banksters right now ⊠Whose weapon is to print more fiat ⊠Resulting in new ATH for TSLA, MSGT, BTC $220,000 in 2021 for BTC in play â Monetize dissent
â Monetize bankster fuckwittery
â Max Keiser (@maxkeiser) February 10, 2021
Bitcoin Shows Double Bullish Confluence; Next Target: $50,000
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Joe Rogan Loves Bitcoin, Says itâs âTransformationalâ | 0,000 BTC Assault With Renewed Vigor!
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$1 Billion Liquidated as Bitcoin Price Crashes by $1.4K in Minutes
The BTC price and Ethereum price plunged by 13% and 21%, respectively, within minutes on Aug. 2.
The move liquidated more than $1 billion worth of futures contracts as BTC/USD dropped from around $12,000 to as low as $10,550.
There appear to be two main reasons behind the sudden cascade of liquidations.
First, the volume in the cryptocurrency market tends to drop during weekends.
Second, the market was heavily swayed to longs or buyers.
In other trending Bitcoin news today:
Joe Rogan Says Bitcoin Is Transformational, Tells Audience of 200,000,000 to Get on Board
Prominent podcaster Joe Rogan is urging his audience of 200 million to buy Bitcoin and start stacking sats.
On the opening salvo of episode 1,515 of the Joe Rogan Experience, Rogan promotes Bitcoin as part of a Cash App advertisement.
Rogan touts Cash Appâs ability to let users to automatically purchase Bitcoin at different intervals based on their preferences.
âWith the Cash App, you can automatically purchase bitcoin, daily, weekly or even bi-weekly, known in the industry as stacking sats. Sats is short for Satoshi â the legendary person who created BitcoinâŠ
Bitcoin, what it is for sure, is a transformational digital currency that acts as a decentralized peer-to peer-payment network powered by its users with no central authority. I love it. I wish it was the way we exchanged currency and maybe it will be in the future. Get on board.â
$20,000 Wonât Pose Any Resistance for Bitcoin Price, Says Max Keiser
According to Heisenberg Capital founder and Keiser Report host Max Keiser, the price of Bitcoin (BTC) would soon rally to $28,000.
He believes the all-time high of BTC at $20,000 likely wonât act as resistance.
Keiser, who is an early investor in unicorn Kraken and $100-million-worth Bitstamp, said:
âThe $20,000 level for Bitcoin wonât pose any resistance. We wonât see any resistance till $28,000. A brief pullback then the assault on $100,000 begins with renewed vigor.â
In the past 12 days, the price of Bitcoin has increased from $9,200 to $12,000, marking the highest price in over a year.
The cryptocurrency market is benefiting from the strong momentum of Bitcoin and Ethereumâs Ether.
Keiser reaffirms his $100,000 Bitcoin prediction Throughout the Bitcoin rally in the past month, Keiser has continuously reaffirmed his position on the medium-term trend of BTC.
He expects BTC to eventually surpass $28,000, and shoot for a new all-time high at six figures.
In late July, when the price of Bitcoin first broke out of $11,000, Keiser said a six-figure BTC is likely.
Since then, BTC has confirmed $10,400 as a key support level, maintaining its momentum. He said:
â$28,000 is in play before we see a pullback â and then weâre heading to 6-figures.â
DataDash: Two Crypto Newcomers Will Surge Alongside Bitcoin, Ethereum and XRP in New Bull Cycle Crypto analyst Nicholas Merten says two mid-cap crypto assets will soar along with Bitcoin, Ethereum, and XRP as a new bull market emerges.
On the latest episode of DataDash, Merten says a broad correction in the altcoin markets is offering investors a chance to hop in before the next big rally explodes. He says traders should keep an eye on the relative crypto newcomers Cardano (ADA) and Tezos (XTZ) in preparation for the next bullish breakout.
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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/20-000-wont-pose-any-resistance-for-bitcoin-price-says-max-keiser
https://cointelegraph.com/news/1-billion-liquidated-as-bitcoin-price-crashes-by-14k-in-minutes
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K BITCOIN PRICE WILL TRIGGER A GLOBAL FOMO PANIC-BUYING SPREE SAYS MAX KEISER!! BTC PREDICTIONS!!
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âI think $50,000 Bitcoin price will trigger a global FOMO panic-buying spree that will destabilize the global banking system fatallyâ, shared BTC pioneer Max Keiser in a recent Tweet.
Heisenberg Capital founder Max Keiser says that Warren Buffett has missed out on numerous prosperous investments such as Apple and Amazon as âhis timing is poor.â
At the same time, Buffett âshunned Gold for 20 years while Gold outperformed Buffett for 20 years.â
As such, Keiser asserted that Buffett and another Bitcoin basher â Peter Schiff â will eventually catch on with BTC and start accumulating.
âMy guess is that Buffett (or whoever takes over after he passes) will start panic-buying Bitcoin at $50,000, just like Peter Schiff will do.
The only major player in the money management business that knows what theyâre doing is Paul Tudor Jones who I expect will take his Bitcoin allocation up from the current 2% of the portfolio to 10% in the near term.â
Although the prominent US investor Warren Buffett has never been a fan of gold in the past, he recently made a sizeable investment in Barrick Gold Corp while reducing his exposure to his favorite sector, banks.
Similiar with gold, Buffett has been bashing âthe new gold,â Bitcoin, and this raises the question of whether he may change his mind on the primary cryptocurrency at some point in the future.
The soon-to-turn 90-year old chairman and CEO of Berkshire Hathaway have never displayed any favoritism regarding gold and its role as an investment tool.
In his 2019 letter to Berkshire Hathawayâs shareholders concerning an upcoming financial apocalypse, Buffett refers to the ones planning to accumulate gold as a hedge instead of making investments in âAmerican businesses,â their portfolio would be much smaller:
âAnd what would that supposed protection [gold] have delivered? You would now have an asset worth less than 1% of what would have been realized from a simple unmanaged investment in American business. The magical metal was no match for the American mettle.â
Another asset, quite similar to gold in terms of fixed supply and recent price movements that Buffett hasnât been fond of, is Bitcoin.
Previously, he had referred to the primary cryptocurrency as a ârat poison squared,â and a âgambling device,â and even a lunch with Justin Sun, CEO of TRON, and other leading crypto figures couldnât change his mind.
But what if the American investor somehow changes his attitude about Bitcoin like JPMorgan CEOÂ Jamie Dimon did?
And, what if Buffett starts allocating funds into the primary cryptocurrency, like Paul Tudor Jones III and MicroStrategy did?
Such a drastic change of heart could not only push BTCâs price into the stratosphere but also start a snowballing effect that will ultimately enhance the assetâs adoption rates among the masses.
In other trending Bitcoin News today:
Why Experts Feel Bitcoin IS Going to Cross The 100K Mark In 2020
Many experts feel that sometime in the future, the prices of bitcoin will go as high as $100,00 landing it to the six-digit zone.
However, the prices are being said can even be higher than 100k.
There are plenty of insiders in the industry who are analysts and experts who believe that the price of BTC will very easily touch $100,000.
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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.
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