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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 JUST POSTED THE âMOST IMPORTANT BREAKOUTâ IN BTC HISTORY!! Chainlink 97X Return Since ICO!!
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âThis is the most important Bitcoin breakout in BTC historyâ, says popular Crypto analyst CryptoBirb.
Heâs referring to Bitcoinâs recent ability to break above a descending trendline and bull pennant that has been formed since the 2017 peak.
We saw a similar breakout in June of 2016, which is what sparked the massive uptrend that ultimately resulted in Bitcoin seeing a parabolic move to $20,000 in late-2017.
If history rhymes, this could mean that Bitcoin is entering the early phases of its next major bull trend.
ANALYST: BITCOIN MAY âTELEPORTâ TO $13,000 IF IT BREAKS KEY LEVEL
Bitcoin is stuck beneath $12,000. This stalling momentum comes after the cryptocurrency incurred an incredibly strong uptrend that had led it from lows of $9,000 to highs of $12,000 in a matter of weeks.
The cryptocurrencyâs ongoing consolidation phase suggests that buyers donât have enough buying pressure to shatter the resistance that sits just above where it is currently trading.
It may also indicate that buyers are losing their momentum. Nonetheless, BTC is still just a hair away from closing above a crucial level that could allow it to âteleportâ up towards $13,000.
It is essential to consider that BTC is currently in a multi-day consolidation phase directly after being caught within a strong bull trend.
This isnât an uncommon occurrence within bull markets, and BTC could even dip lower while still maintaining its market structure.
The crucial level that buyers need to defend going forward sits at $10,500, which was previously a resistance level that had held strong for nearly a year.
If this level is broken below, it may negate the strength that Bitcoin has been incurring in recent weeks.
At the moment, it does not appear that any sort of sharp downtrend is imminent, as each dip over the past several days has been rapidly absorbed by buyers.
Despite its stalling momentum, Bitcoin is just a hair away from breaking above a crucial level that could lead it to see massive upside.
One popular cryptocurrency analyst spoke about this level in a recent post, noting that a close above the region between $11,800 and $12,000 could be all that is needed for BTC to âteleportâ to $13,000.
âWeekly close above and you will witness an immediate teleportation to 13k,â he said.
In other trending Bitcoin News today:
ChainLink (LINK) Inches Closer to 100x in Returns Since ICO
Going back in time to September 2017 during ChainLinkâs ICO, we find that the price per LINK on offer during the crowd sale was $0.11.
Doing the math and using the new all-time high value of $10.77, this translates to a return on investment of 97X.
This, in turn, means that for every $100 spent during the ICO period, investors are in profit to the amount of $9,700.
According to CoinCodex, those who used Ethereum and Bitcoin to participate in the Chainlink crowdfunding, have an ROI of 32.54x and 71.30x respectively.
Additionally, LINK marines are very much confident regarding the fundamentals governing the upward trajectory of ChainLink.
Some LINK marines have gone as far as declaring that they will start taking profits when the digital asset hits $100.
Below is one tweet that demonstrates investor confidence in ChainLink.
âWe arenât taking profits until $100â
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DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky, especially when trading with leverage. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.
Show Notes / Resources:
Breakout from range confirmed when:âĄïž successful retest of resistance as support (bouncing from it)âĄïž bounce closes higher than previous high
Then and only then we can talk about 250k and endless financial freedom$BTC pic.twitter.com/0UgFUR6uCI
â Teddy (@TeddyCleps) August 6, 2020
Analyst: Bitcoin May âTeleportâ to $13,000 if It Breaks Key Level
Analyst: Bitcoin Just Posted the âMost Important Breakoutâ in BTC History
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Bitcoin’s Symphony: Bobby Lee, Crypto Veteran, Anticipates Big ‘Crescendo’ in Super Bull Market Top
In the ever-dynamic world of cryptocurrency, Bitcoin continues to be a focal point of discussion and speculation. The latest headline-making statement comes from none other than Bobby Lee, a prominent figure in the crypto space, who suggests that Bitcoin has yet to experience the grand ‘crescendo’ that signifies the top of a super bull market.
Bobby Lee, a seasoned veteran in the cryptocurrency industry, has long been known for his insights and predictions. In this latest revelation, he points to the notion that the cryptocurrency market, particularly Bitcoin, has not yet witnessed the climax of a ‘crescendo’ moment that typically characterizes the peak of a super bull market.
The article in question delves into Bobby Lee’s perspective, hinting at the possibility of a more significant and awe-inspiring phase for Bitcoin on the horizon. The term ‘crescendo’ invokes imagery of a grand musical climax, a moment of heightened intensity and culmination. In the context of Bitcoin, this could imply that the cryptocurrency has more room for growth and transformative moments that are yet to unfold.
Lee’s statement sparks intrigue among investors and enthusiasts, raising questions about what might constitute this elusive ‘crescendo’ in the world of Bitcoin. As the cryptocurrency market is known for its unpredictability, such comments from industry veterans add a layer of anticipation to the ongoing narrative of Bitcoin’s evolution.
For those closely following the trajectory of Bitcoin, Lee’s perspective may fuel speculation about potential catalysts or events that could contribute to the much-anticipated ‘crescendo.’ Whether it involves broader institutional adoption, regulatory developments, technological breakthroughs, or other unforeseen factors, the crypto community remains on the lookout for signals that could mark the zenith of a super bull market.
As with any market predictions, it’s crucial for investors to approach these insights with a balanced perspective. While Bobby Lee’s experience and track record lend credibility to his statements, the cryptocurrency landscape is complex, and multiple variables can influence its trajectory.
In the symphony of Bitcoin’s journey, Bobby Lee’s suggestion of an impending ‘crescendo’ adds a new note of excitement. As the crypto community eagerly awaits the next movements in the market, all eyes will be on Bitcoin to see whether it can indeed reach new heights and deliver the crescendo that Bobby Lee envisions.
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Hereâs the Case for Bitcoin Rise to 0,000, According to Weiss Ratings | BTC News Today!!
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Weiss Ratings, a US-based investment data firm, is laying out what it will take for the Bitcoin price to hit $180,000.
In a new BTC review, the firm says the financial world is beginning to wake up to the true potential of Bitcoin as a safe-haven asset.
The firm points to growing demand for shares of the Grayscale Bitcoin Trust as a sign of rising institutional interest.
âBetween the third quarter of 2019 and the first quarter of 2020, the amount invested in [GBTC has] more than doubled â from $388.9 million to $818.5 million.â
Weiss believes the entry of billionaire hedge fund manager Paul Tudor Jones into the Bitcoin futures market shows institutions are paying increasing levels of attention to the crypto markets.
Weiss calls BTC the âone safe-haven asset with the most profit potentialâ in an environment where central banks print money at will.
But the arrival of big-money players is just the tip of the iceberg. The firm says Bitcoin is far better than gold in terms of security, portability, and utility â and the floodgates will open once investors grasp the fact that Bitcoin is superior to gold as a safe-haven asset.
âIf Bitcoin captures only a third of goldâs safe-haven business, itâs going be trading near $180,000 â roughly a 20-fold increase from present levels.â
The firm has provided financial market research and analysis for consumers and businesses for more than three decades, and released its first crypto rankings in January of 2018.
In other trending Bitcoin News today:
This Analyst Called Bitcoinâs Last Epic Crash â And Just Unveiled His BTC, XRP and Stock Market Outlook
A veteran commodity trader with more than 30 years of experience in the markets is revealing his take on Bitcoin and XRP, as well as his recommended investment strategy for the next generation.
Peter Brandt is well-known in the world of crypto for correctly calling the start of Bitcoinâs seismic reversal in early 2018, right after the coin touched its all-time high of just over $20,000.
Now, after Bitcoinâs precipitous fall to a low of $3,150 and its subsequent rise to its current price of about $9,300, Brandt says he believes Bitcoin is a buy.
Brandt is revealing the long-term strategy for building wealth that he recommends to family members. He places BTC on his list of top investments and says heâs bullish on tech stocks in the long run.
âI will give you the same advice I give my X Gen children and M Gen nephews and nieces. Buy a home â any home, but get into the housing market. Work two jobs if you need to. Invest 10% of what you can afford in BTC. Invest monthly in quality tech and value stock ETFs.â
Brandt has previously stated that he believes Bitcoin is gearing up for a new parabolic rally that will target $100,000.
However, despite the fact that large BTC bull runs have historically lifted the value of all cryptocurrencies, Brandt says heâs wary of XRP, giving traders a simple statement on where he thinks the fourth-largest cryptocurrency by market cap is heading.
âDonât place your faith in XRP.â
Brand believes Rippleâs ownership of more than half of the total supply of XRP is a potential liability and says the coin has more room to fall after remaining flat in 2020.
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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:
General TA rule â violation of parabolic advance leads to 80%+ decline in value. If general rule is followed, BTC should retrace to
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