BITCOIN IS LIKELY TO REACH $115K BY AUGUST AND $74K BY MAY 15TH SAYS CRYPTO TITAN PANTERA CAPITAL!!

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With the Bitcoin halving rapidly approaching, the multi-billion-dollar question is just how the historic event will impact BTC price.

One popular Bitcoin price prediction model has a post-halving price in the range of $55,000 to $400,000.

According to the theorist behind the prediction, people have been misinterpreting the model behind the lofty figures presented.

The analyst responsible for them has addressed the confusion, advising folks not to hold their breath for a $50,000+ Bitcoin (BTC) during the three months leading up to the halving.

Apparently some people have interpreted the already extremely bullish BTC price prediction model as even more optimistic than it is though.

Analyst Plan B addresses the misunderstanding in the following tweet:

“Some misunderstandings about S2F model: 1) That it predicts $100k by May2020. No, it predicts $100k May2020-2024 average, like the chart shows 2) Why $100k, it was $55k? Yes, the original model on monthly data (Mar22) says $55k, but a new model on yearly data $100k. Your choice.”

The analyst clarifies that the price mentioned in the original paper (and a higher target of $100,000 worked out using yearly data) is not a pre-halving prediction.

Instead, it refers to the average price we can expect at some point after the event itself.

CHAINLINK (LINK) TO HIT A NEW ALL-TIME HIGH SOON, ANALYST CALLS

Chainlink crypto, a project that joined the crypto market relatively late, is on an expansion again, promising to break its all-time record.

LINK, one of the most active altcoins that has even defied the bear market, is on a fast expansion once again.

The asset has been known for its rapid, significant appreciation boosted by activity on Binance and a strong community.

LINK remains volatile, sinking from its highs by as much as 60%, but expansions are dramatic.

This time, while an altcoin season is not a promise, most assets regain some of their value.

This translates into significant earning opportunities as altcoins move very fast. What is even more curious, LINK made most of its gains during the bear market of 2019, and has repeated price peaks in the past year.

“There is virtually little to no resistance between here and the ATH for $LINK We should see new ATH’s & price discovery next few months – this alt rebound I’m confident will continue with $BTC halving looming in the background and the bull market cycle progressing forward …”

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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:

There is virtually little to no resistance between here and the ATH for $LINK

We should see new ATH’s & price discovery next few months – this alt rebound I’m confident will continue with $BTC halving looming in the background and the bull market cycle progressing forward … https://t.co/EvECsnOR4e

— Satoshi Flipper (@SatoshiFlipper) February 7, 2020

Some misunderstandings about S2F model:1) That it predicts $100k by May2020. No, it predicts $100k May2020-2024 average, like the chart shows

2) Why $100k, it was $55k? Yes, the original model on monthly data (Mar22) says $55k, but a new model on yearly data $100k. Your choice. pic.twitter.com/QkCFepZHpw

— PlanB (@100trillionUSD) February 7, 2020

A Bitcoin Price of $15,000 Will Make BTC Mining Profitable Post Halving

Chainlink (LINK) to Hit a New All-Time High Soon, Analyst Calls

When $100k Bitcoin? Analyst Clarifies Popular BTC Price Prediction Model

💰 BlockFi: (Up To $250 Bitcoin Bonus) https://blockfi.com/cryptonewsalerts

Boston-based investment giant Fidelity Group is injecting a heavy dose of hopium in the market with its latest “very special” webinar, where it took a deep dive into Bitcoin and its possible effects on the market.

Fidelity, which also has its own crypto arm, Fidelity Digital Assets that builds enterprise-grade bitcoin custody services for large institutions, isn’t new to the space as it first started mining BTC in 2014 and then Ethereum (ETH) as well.

Now, the firm is putting out bullish reports on Bitcoin and sees the leading digital asset hitting $1 million before this decade is over and a whopping $100 million by 2035.

In other trending Bitcoin News today: Belarus President Urges Belarusians to Mine Cryptocurrency Rather Than Pick Strawberries Abroad!

President Alexander Lukashenko has advised workers to stay in their home country instead of emigrating to fill low-paid farming jobs in Poland and Germany. The Belarusian leader pointed to an alternative source of income, noting there’s enough electricity in Belarus to power cryptocurrency mining.

“Create something on electricity. In the end, start mining cryptocurrency or whatever it’s called. There is enough electricity in the country.”

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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:

Fidelity Predicting $100 Million per Bitcoin by 2035

https://news.bitcoin.com/lukashenko-urges-belarusians-to-mine-cryptocurrency-rather-than-pick-strawberries-abroad/

💰 BlockFi: (Up To $250 Bitcoin Bonus) https://blockfi.com/cryptonewsalerts

One early Bitcoin investor has crunched the numbers on BTC, and thinks the leading crypto is looking mighty undervalued at the moment. 

“We did a study showing the number of people using Bitcoin over the years and price of Bitcoin. Both of those data series went up by an order of magnitude every two years. If that kept going, that would put BTC at $700,000 when everybody with a smartphone uses it. Ten years time is a reasonable forecast,” Pantera Capital founder Dan Morehead said on Yahoo Finance Live. 

Morehead launched his first crypto fund back in 2013. Today, the firm has $2.8 billion in assets under management that spans venture investments and early stage token investments. 

In other trending Bitcoin News today: MicroStrategy splashes $177M on Bitcoin, now holds almost 109,000 BTC! 

MicroStrategy’s Bitcoin holdings are now worth more than $5.3 billion at the current BTC price. 

With its latest purchase, Michael Saylor’s firm now holds 108,992 BTC, which cost the company about $2.918 billion to acquire at an average price of approximately $26,769 per “coin.”

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🔥 Binance – Buy, Sell or Trade Over 400 Altcoins: ► http://binance.cryptonewsalerts.net

🔥 [IMPORTANT] – Secure your crypto with a Trezor or Ledger hardware wallet:

Trezor: ► http://trezor.cryptonewsalerts.net

Ledger: ► 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://finance.yahoo.com/news/bitcoins-terminal-value-is-really-700000-crypto-investor-171402026.html

https://cointelegraph.com/news/microstrategy-splashes-177m-on-bitcoin-now-holds-almost-109-000-btc

https://cointelegraph.com/news/bitcoin-hashrate-triples-since-june-28-in-recovery-from-china-syndrome

https://cointelegraph.com/news/bitcoin-loses-48k-as-analysts-eye-next-zones-for-a-potential-btc-price-bounce