âĄïž REPLAY: âThe Crypto Catch-Upâ â http://teeka.cryptonewsalerts.net
Bitcoin Pioneer Max Keiser, host of the Keiser Report went on record sharing, âBTC is the monetary black hole that will gobble up all fiat and rise to more than $100,000 doing itâ back in 2018.
In fact Max has been telling his audience to buy Bitcoin since 2011, back when the cryptocurrency was trading at just $1.
In regards to his most recent BTC price prediction, Keiser shared on Crypto Twitter:
â$20,000 will get sliced through easily â then a pop to $28,000.â
Breaking News: The Bitcoin Price Has Only Been Higher Than Now For 12 Days In BTC Historyâ
The Bitcoin (BTC) price, which is currently sitting at $16,320, has only been at this level or higher for 12 days in the coinâs entire 4,332-day history, representing just 0.28% of the cryptocurrencyâs life.
Crypto analytics platform Messari published data stating that the closing price had exceeded $16,320 only on 12 other days, 10 of which occurred from Dec. 7 to 20 in 2017, with the highest close occurring on Dec. 16 at $19,378.Â
Any investor who bought at the all-time high of $20,089 would still be down 18.35%. In contrast, investors who bought at this cycleâs low of $3,126 on Dec. 15, 2018, would be up 424%.
Of the other top 10 coins, only Chainlink (LINK) comes remotely close to Bitcoin, with the coin sitting above the current price of $12.70 for 2.7% of its life.
By contrast, the majority of altcoins are yet to enter proportionally rare price ranges. Etherâs (ETH) current price of $464 has been exceeded 201 days in the past, representing more than 10% of the entire 1,933 days since the Ethereum network went live.
XRP, Bitcoin Cash (BCH), Litecoin (LTC), Binance Coin (BNB), Polkadot (DOT) and Cardanoâs ADA prices all vary between 9.7% and above 30%. BCH exceeds all other coins sitting above the current price of $258 for at least one-third of its life.
Bitcoinâs strong rise past $16,000 has also seen record volumes recently. With more than $5.5 billion in Bitcoin trading volume recorded on Nov. 5, only nine days have seen stronger volume in Bitcoinâs history.
Compared to this day in previous years, investors have seen profits of 88%, 2,275%, 4,326% and a staggering 5,833,991% for the years of 2019, 2016, 2013 and 2010, respectively.
In other words, investing $1 into Bitcoin on November 13, 2010, would have increased to $58,339 today.
In other trending Bitcoin News today:
âImpending CME Gap Close Could Propel Bitcoin Price To $18,000â
Within the last hour Bitcoin (BTC) price surged through the $16,200 level to secure a new 2020 high at $16,473.Â
The 6.62% move brings the top-ranked digital asset closer to closing a CME gap in the $16,465 to $16,570 zone and a growing number of analysts expect the price to break above the $17,200 level if the CME gap is closed.
Despite the excitement surrounding Bitcoinâs surge to a new multi-year high, Cointelegraph contributor Micheal van de Poppe pointed out that Bitcoin has rapidly ascended to new highs without establishing strong supports.
Van de Poppe said:
âMany levels beneath the current price are untested on the weekly timeframe. A healthy way to build up a new cycle is the backtesting of previous resistance levels as new areas of support.â
The analyst also said that the Crypto Fear and Greed Index has reached the âExtreme Greedâ level, which can be interpreted as a sell signal according to Van de Poppe.
Bitcoinâs impressive rally to $16,465 comes as the Dow and S&P 500 closed the day in the red with a 1.08% and 0.97% loss.
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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:
$20,000 will get sliced through easily â then a pop to $28,000#BTC
â Max Keiser (@maxkeiser) November 12, 2020
If the U.S. and China don’t significantly crack down on bitcoin, it’s going to $250,000+ this next cycle.
â Ryan Selkis (@twobitidiot) November 12, 2020
Max Keiser Interview: Bitcoin Will âGobble Up All Fiatâ and Rise Over $100K
https://cointelegraph.com/news/the-bitcoin-price-has-only-been-higher-than-now-for-12-days-in-its-history
https://cointelegraph.com/news/impending-cme-gap-close-could-propel-bitcoin-price-to-18-000
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