đ„ To open an IRA with iTrustCapital and get 1 month FREE click this link: http://itrust.cryptonewsalerts.net
Popular Crypto analyst, Kraken and Bitcoin Magazine editor, Pete Rizzo called BTC cycle price tops âpsychological attacks on Bitcoinersâ and predicts Bitcoin to hit $500K this year.
âIf Bitcoin wants to create a top, it going to have to convince some of the never-sell-Bitcoin bulls to give up some Bitcoin,â he said.
âIâm confident in the Bitcoin technologyâs ability to coax sellers back to the market, and the price at which it does so will likely be higher than we can posit currently because itâs an attack on us.â
Rizzo casually mentioned now-commonplace figures ranging from $300,000 to $500,000 â âhigh enough to really wow.â
In other trending Bitcoin News today: Ethereum hits new ATH after Altair upgrade shows clear path to the merge.
The price of Ether (ETH) has bounced to a new all-time high (ATH) on Friday as it hit $4,400.97 at around 1:02 am UTC, according to the ETH/USD price indexes on Coinbase and CoinMarketCap.
đ„ Subscribe on Spotify: http://spotify.cryptonewsalerts.net
đ„ Subscribe on iTunes: http://itunes.cryptonewsalerts.net
đ„ Follow on Twitter: https://twitter.com/CryptoNewsYes
đ„ Join our Private Crypto FB group: âș http://fb.cryptonewsalerts.net
đ„ Join our Private Crypto Telegram group: âș http://telegram.cryptonewsalerts.net
đ„ Binance â Buy, Sell or Trade Over 400 Altcoins: âș http://binance.cryptonewsalerts.net
đ„ [IMPORTANT] â Secure your crypto with a Trezor or Ledger hardware wallet:
Trezor: âș http://trezor.cryptonewsalerts.net
Ledger: âș http://ledger.cryptonewsalerts.net
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 Attempts Fresh Increase, Why BTC Could Struggle Near $62K
You Might also like
-
THE 0K BITCOIN BULL CASE BY ANTHONY POMPLIANO!! MAX KEISER PREDICTS 0K BTC PRICE!!
âĄïž Leverage OPM (Other Peopleâs Money): http://100.cryptonewsalerts.net
Bitcoin has every possibility to grow its market size by 15-20X within the next 15 months, according to BTC bull Anthony Pompliano of New York-based hedge fund Morgan Creek Digital.
âMy base case is approximately 10x to $100,000 and the bull case is around $250,000 per bitcoin,â he predicted after assessing all the said catalysts.
The founder said in a note to investors that they should put 1-10 percent of their investable capital into Bitcoin.
Recalling his own portfolioâs 50 percent exposure in the cryptocurrency, Pomp cited a string of upside catalysts that would benefit anyone who invests-in/holds the 11-year old financial asset.
The first optimistic fundamental in line was the Federal Reserve and its unprecedented monetary policies.
The US central bank in April cut its interest rate to near-zero to boost lending amid the coronavirus pandemic.
In its recent remarks, the Fed vowed to keep the rates lower for the foreseeable future.
More tailwinds Bitcoinâs bullish bias came from the US governmentâs $3 trillion stimulus package.
Because of it, the Fedâs balance sheet expanded by 75 percent since the beginning of 2020.
The bank further announced that it is targeting a 2 percent-plus inflation level.
âThe average investor fears inflation right now, regardless of whether we [actually] see that inflation or not,â wrote Mr. Pompliano, adding that the âfear has driven significant capital flows into inflation-hedge assets (Gold, Bitcoin, Real estate, etc.).â
âThe combination of the Fedâs asset price manipulation and inflation fears has driven gold and Bitcoin to drastically outperform equities and other commodities.â
Bitcoin rose by around 50 percent on a year-to-date timeframe. Pomp predicted a further upside for the cryptocurrency due to growing demand from the institutional investors.
For instance, Fidelity Investments, a Boston firm with $3.3 trillion worth of assets-under-management, favored a 1-5 percent allocation to Bitcoin in any portfolio.
Meanwhile, Stone Ridge, a $10 billion asset management firm, revealed that it now owns $15 million worth of BTC tokens.
Billionaire investor Paul Tudor Jones put 1-2 percent of his $22 billion portfolios into Bitcoin Futures.
Also, many pensions funds gained exposure in the cryptocurrency.
Pompâs letter highlighted corporations that purchased Bitcoin as a reserve asset for part or majority of their treasury.
That included MicroStrategy, a $1.2 billion market cap firm that put 85 percent of its $500 million balance sheet ($425M) into Bitcoin, and global payments firm Square that last week purchased $50 million worth of BTC tokens.
âThe demand outlook is strong, and it shows signs of actually accelerating into the first half of 2021,â added Mr. Pompliano.
The fund manager later discussed the Bitcoin marketâs potential supply shock.
With a 21 million hard cap and 18.4 million units already in circulation, Mr. Pompliano noted that Bitcoinâs scarcity against its rising demand would act as another bullish tailwind.
In other trending Bitcoin News today:
Bitcoin pioneer Max Keiser went on a Crypto Twitter rant predicting a $28K short term Bitcoin target along with a $400K BTC price target for the long termâŠ
âThere is strong evidence to suggest Bitcoin futures traders are manipulating BTC down to give institutions a chance to load up on physical BTC cheap before the break to $28,000â
âThe (temporary) Bitcoin price suppression scheme is a godsend for poor people to stack sats *now* before retail liquidity dries up and the price vaults to gold-parity levels around $400,000â
Follow Us:
đ„ Blog/Podcast: http://CryptoNewsYes.com
đ„ Subscribe on YouTube: http://CryptoNewsAlerts.net
đ„ Subscribe on Spotify: http://spotify.cryptonewsalerts.net
đ„ Subscribe on iTunes: http://itunes.cryptonewsalerts.net
đ„ Follow on Twitter: https://twitter.com/CryptoNewsYes
đ„ Join our Private Crypto FB group: âș http://fb.cryptonewsalerts.net
đ„ Join our Private Crypto Telegram group: âș http://telegram.cryptonewsalerts.net
đ„ Binance â Buy, Sell or Trade Over 400 Altcoins: âș http://binance.cryptonewsalerts.net
đ„ [IMPORTANT] â Secure your crypto with a Trezor or Ledger hardware wallet:
Trezor: âș http://trezor.cryptonewsalerts.net
Ledger: âș http://ledger.cryptonewsalerts.net
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:
There is strong evidence to suggest #Bitcoin futures traders are manipulating BTC down to give institutions a chance to load up on physical BTC cheap before the break to $28,000
â Max Keiser (@maxkeiser) October 16, 2020
The (temporary) #Bitcoin price suppression scheme is a godsend for poor people to stack sats *now* before retail liquidity dries up and the price vaults to gold-parity levels around $400,000
â Max Keiser (@maxkeiser) October 16, 2020
âWhy does #bitcoin price not go up with all this institutional buying? Who is selling? BTC price is exactly where it should be, holding firm above $10K, waiting for that one moment .. asymmetrical returns .. patience! pic.twitter.com/pCyftmvHco
â PlanB (@100trillionUSD) October 16, 2020
Bitcoin Will Likely Grow 15-20x in Next 15 Months: Fund Manager
https://cointelegraph.com/news/calm-before-the-storm-analyst-says-20k-bitcoin-possible-in-3-months
Post Views: 197 -
BITCOIN PARABOLIC BULL RUN TO ,000+ WILL BEGIN VERY SHORTLY | 0K BTC Predictions Way Off Base?
âĄïžÂ OPM Wealth: http://opm.cryptonewsalerts.net
Since Bitcoin (BTC) traders got a taste of parabolic price action in early-2019, during which the Bitcoin price surged from the low-$3,000s to $14,000 in a few weeksâ time, they have been craving more and more and more.
The cryptocurrencyâs ability to surge by hundreds of percent in a few monthsâ time â gains absolutely astronomical when compared to that of stocks, precious metals, and other traditional asset classes â was something many fell in love with.
Fortunately for these investors, a prominent analyst recently suggested that should this key indicator prove to be accurate yet again, the BTC price is on the verge of starting yet another parabolic rally.
While the jury is still out on where exactly the next bull run will take BTC, the consensus is a fresh all-time high of at least $50,000, proven by a crazy accurate price model made by an institutional quantitative analyst and shilled by a bonafide German bank.
According to prominent trader Bitcoin Jack, former head analyst at trading group Bravado, Bitcoin is showing signs that 2020 will âcement the foundation for the next parabolic run.â
As to why this is the case, the analyst looked to BTCâs one-week Ichimoku Cloud, which should show what long-term trends are forming and what key price points there are to watch out for.
The start of the two previous macro bull trends in 2012 and 2016 saw the indicator print a âthin red cloud,â which some would classically define as bearish but turned out to be extremely bullish for Bitcoin. In fact, in 2012, BTC immediately began to rally higher once the thin red cloud was reached, and Bitcoin rallied by nearly 100% in the five weeks after the thin red cloud was reached in 2016.
Top Cryptocurrency Analysts Say $100,000 Bitcoin Predictions Way Off Base â Hereâs Where They Think BTC Will Land
Two leading Crypto analysts say they believe Bitcoin is in a new bull market cycle, but predictions that BTC is poised to soar to $100,000 are far too bullish.
In a recent episode of Trading Bitcoin, Tone Vays and the pseudonymous trader Filbfilb debate the current state of the crypto market and where it may head in the months to come.
Says Filbfilb,
âI think weâre going to struggle to get past $60k. I think $60k is going to be a really, really troublesome level to get across. Iâll certainly be looking to book in some serious profits at that point. I think you said it right in Fiji. I think you said the return you get off of these long-term positions versus the risk of you getting it wrong is a terrible trade. So trying to go higher than $60k I think would be a little bit foolish at this point. But certainly around $50k, $60k would be sensible.â
Vays says heâs looking for BTC to top out at a slightly lower price of around $45,000.
Although the traders say hype around Bitcoinâs halving is fueling price action in early 2020, they say rising trading volumes and an increasing number of outstanding derivative contracts are key metrics to watch in order to gauge real long-term interest in the space.
Follow Us:
âĄïžÂ [PODCAST PROMO] Get $25 In Free CMDX Tokens from our sponsor: http://promo.cryptonewsalerts.net
đ„ Blog/Podcast: http://CryptoNewsYes.com
đ„ Subscribe on YouTube: http://CryptoNewsAlerts.net
đ„ Subscribe on iTunes: http://itunes.cryptonewsalerts.net
đ„ Subscribe on Stitcher: http://stitcher.cryptonewsalerts.net
đ„ Subscribe on TuneIn: http://tunein.cryptonewsalerts.net
đ„ Follow on Twitter: https://twitter.com/CryptoNewsYes
đ„ Join our Private Crypto FB group: âș http://fb.cryptonewsalerts.net
đ„ Join our Private Crypto Telegram group: âș http://telegram.cryptonewsalerts.net
đ„ Binance â Buy, Sell or Trade Over 400 Altcoins: âș http://binance.cryptonewsalerts.net
đ„ [IMPORTANT] â Secure your crypto with a Trezor or Ledger hardware wallet:
Trezor: âș http://trezor.cryptonewsalerts.net
Ledger: âș http://ledger.cryptonewsalerts.net
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:
I think we will be above 14K by July
â //Bitcoin đ”ack (@BTC_JackSparrow) February 21, 2020
The model appears to model the bubbles ĂĄnd bear markets fairly well. It confirms a certain inertia of price reaction, so a lag ĂĄnd overshoot. Model would predict: Price will catch up with S2F ratio a year after the halving. And overshoot by ~ 2x. (3/3) h/t Tom! pic.twitter.com/kWecmWgH5e
â GeertJancap (@Geertjancap) January 15, 2020
https://bitcoinexchangeguide.com/heres-how-bitcoin-could-see-a-4826-increase-in-value/
https://www.newsbtc.com/2020/02/21/crucial-indicator-bitcoin-parabolic-bull-run-50000-begins-2020/
Post Views: 283 -
COMPREHENSIVE ANALYSIS PREDICTS 8K BITCOIN PRICE!! BTC IS A BETTER GOLD THAN GOLD ITSELF!!
âĄïž Leverage OPM (Other Peopleâs Money): http://opm.cryptonewsalerts.net
A new, comprehensive analysis has predicted the price of bitcoin to reach almost $20K this year and will keep rising to almost $400K by 2030.
The researchers have also predicted the future prices of several other major cryptocurrencies, including bitcoin cash, ethereum, and litecoin.
âThe equation of exchange model is an absolute approach to valuing crypto assets,â the report begins.
âThis means that the model gives a target price that crypto assets should be priced at based on assumptions regarding changes in supply and demand.â
Noting that âThe absolute valuation approach is inspired by Millâs equation of exchange, later formulated by Irving Fisher,â the CRR team detailed:
In this model, the percentage of the total addressable market (TAM) can be used to estimate a crypto assetâs implied future price.
After examining âall the variables and addressable markets,â the CRR researchers arrived at future price estimates for BTC, ETH, LTC, BCH, and XLM.
They expect the price of bitcoin to rise to $19,044 in 2020, $341,000 in 2025, and $397,727 in 2030.
Ethereumâs price is expected to reach $331, $3,549, and $3,644 respectively while bitcoin cashâs price should climb to $414, $6,690, and $13,016 during the same time periods.
The target addressable market for all cryptocurrencies today is approximately $212 trillion, the report notes.
It includes unit of account and medium of exchange, consumer loans, offshore accounts, reserve currency, store of value, online transactions, remittance, micropayments, unbanked, gaming, crypto trading, ICO funding, and STO funding.
The largest use case for cryptocurrencies is as a medium of exchange, the CRR research team found, elaborating:
We believe that bitcoin is still at the very start of its adoption curve. The price of $7,200 at the end of 2019 suggests that bitcoin has penetrated less than 0.44% of its total addressable markets.
If this penetration manages to reach 10%, its non-discounted utility price should reach nearly $400,000.
The CRR analysis estimates that there are more than 40 million cryptocurrency users globally, and the number of crypto users in a country is positively correlated to the countryâs GDP per capita.
High GDP means more cryptocurrency adoption in the country.
Furthermore, âOn-chain velocity for most coins is decreasing, while off-chain velocity is increasing, currently at an all-time high,â the report highlights, discussing in-depth how speculation and savings outpace all other uses of cryptocurrencies.
They provided âevidence that growth in speculative transactions on exchanges is faster than the growth in using cryptocurrencies to buy goods and services.â
In other trending Bitcoin News today:
Bitcoin Is A Better Gold Than Gold Itself, Says Tyler Winklevoss
According to Tyler Winklevoss, co-founder of the Gemini crypto exchange, Bitcoin beats gold at its own game.Â
âBitcoin is better at being gold than gold â and not just incrementally, but by an order of magnitude or 10X better,â Winklevoss said in a Sept. 21 tweet. Â
Over the last decade or so, Bitcoin has risen dramatically in price, surpassing numerous landmark price comparisons along the way.
For many, it is now seen more as a store of value than a transactional currency, and the public often compares the digital coin against gold; a time-tested method of value storage used for thousands of years.
Follow Us:
đ„ Blog/Podcast: http://CryptoNewsYes.com
đ„ Subscribe on YouTube: http://CryptoNewsAlerts.net
đ„ Subscribe on iTunes: http://itunes.cryptonewsalerts.net
đ„ Subscribe on Stitcher: http://stitcher.cryptonewsalerts.net
đ„ Subscribe on TuneIn: http://tunein.cryptonewsalerts.net
đ„ Follow on Twitter: https://twitter.com/CryptoNewsYes
đ„ Join our Private Crypto FB group: âș http://fb.cryptonewsalerts.net
đ„ Join our Private Crypto Telegram group: âș http://telegram.cryptonewsalerts.net
đ„ Binance â Buy, Sell or Trade Over 400 Altcoins: âș http://binance.cryptonewsalerts.net
đ„ [IMPORTANT] â Secure your crypto with a Trezor or Ledger hardware wallet:
Trezor: âș http://trezor.cryptonewsalerts.net
Ledger: âș http://ledger.cryptonewsalerts.net
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://news.bitcoin.com/bitcoin-price-20k-2020-398k-2030/
https://cointelegraph.com/news/bitcoin-is-a-better-gold-than-gold-itself-tyler-winklevoss-says
https://cointelegraph.com/news/new-report-says-bitcoin-price-in-more-sustainable-uptrend-than-2019
Post Views: 258