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Bitcoin (BTC) delivered another classic surge during Oct. 28 as bulls enjoyed a $1,700 hourly candle. Crypto analysts were already unfazed by Bitcoinâs retracement, with some even increasing their price targets over longer timeframes.
âSeems I was not bullish enough at $40k. Quote: âfirst target at 73kâ. WellâŠ.I think that target moved up to $90k and after a correction we should see $100k.â â Crypto Ed
âGoing according to plan, Bitcoin might be on the way towards $90K.â â MichaĂ«l van de PoppeÂ
In other trending Bitcoin News today: Volt Equityâs âBitcoin revolutionâ ETF goes live on NYSE today!
The New York Stock Exchange (NYSE) continues listing Bitcoin (BTC)-linked exchange-traded funds (ETF), with Volt Equity becoming the latest company to debut such a product on the exchange.
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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/volt-equity-s-bitcoin-revolution-etf-goes-live-on-nyse-today
https://cointelegraph.com/news/el-salvador-buys-a-smokin-hot-420-more-bitcoin
https://cointelegraph.com/news/bitcoin-suddenly-nears-61k-as-a-1-7k-hourly-candle-fuels-btc-bulls
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0K BITCOIN PRICE IN COMING YEARS SAYS MAX KEISER TO ALEX JONES | It's Smart To Diversify Into BTC
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American radio star, host of Infowars, and far-right conspiracy theorist, Alex Jones, met with pro Bitcoin champion Max Keiser.
He admits, âYouâre right, I should have gotten involved in Bitcoin a long time agoâ.
ALEX JONES SAYS âITâS SMART TO DIVERSIFYâ INTO BTC
In a must-see video discussion between Alex Jones and Max Keiser, the two men talk a lot about the Bitcoin price.
Jones says he likes how Bitcoin âbrings diversity to the marketplaceâ.
He points to how BTC can never be shut down unlike money in an offshore bank account.
Keiser is visibly in his element. Jones explains to his listeners that he hadnât previously endorsed Bitcoin (BTC) because he wasnât completely sure.
He says he would never tell them to go out and buy something he wasnât sure about.
However, on reflection, âitâs smart to diversify.â He then tells Keiser: âYouâre right, I should have gotten involved in bitcoin a long time agoâ â Alex Jones
Jones may have âmissed outâ on buying Bitcoin at $1, $100, and $1,000. But even at $10,000, he will still make a 40x return since Keiser says Bitcoin will be worth $400,000 in the coming years.
Jones notes that he likes how you can tailor your approach to buying Bitcoin.
He calls it a âcompletely legitimateâ way of diversifying your wealth.
Keiser confirms that no one can confiscate your Bitcoin. He calls it âgold 2.0â and says that, unlike gold, you donât need any third-party to verify that it is real â just the blockchain.
That must be what ruffled the feathers of Peter Schiff the most.
Signal That Preceded 10% Bitcoin Boom Appears Again, and Itâs Big for Bulls | The BTC Price Is About to Roar Even Higher, Indicator Predicts
If youâve spent any time at all perusing Crypto Twitter, you likely know of TD Sequential, which is a time-based indicator that tries to predict when an asset will see a certain trend or reversal of its ongoing trend.
The Sequential has done well in predicting Bitcoinâs trends. Extremely well.
So well, in fact, that the creator of the indicator remarked in an interview with Bloomberg that 13 candles (signals reversals) were seen when Bitcoin hit $20,000 in December 2017,  when BTC cratered to $3,150 in December 2018, and near the $14,000 top seen in June.
The indicator is now signaling that Bitcoin will see a reversal on a short-term time frame. Analyst Crypto Hamster remarked that the TD Sequential for the four-hour chart just printed a red 9, suggesting a recovery towards $10,000 and beyond.
Indeed, the prior 9 candle seen on the four-hour chart was a precursor to a 10% surge higher than brought the asset from $9,600 or so to $10,550 in a few daysâ time.
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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:
Alex Jones just invited @maxkeiser and me on his show to debate Bitcoin. I accepted but Max refused the invitation. So I win by default. I would have preferred an active victory, but at least this way Max can’t scream and call me names!
â Peter Schiff (@PeterSchiff) February 17, 2020
Alex Jones has capitulated. After 10 years of watching the #Bitcoin bubble inflate, at $10,000 per coin he thinks now’s the time to urge his listeners to buy. This is how manias end. Greed overwhelms reason as people once too sensible to buy join the party just as it’s ending.
â Peter Schiff (@PeterSchiff) February 17, 2020
Back in 2011, when #Bitcoin was $1, @KeiserReport told our global audience: âBitcoin is the currency of resistance, the new, better Gold. Itâs going to $100,000. Itâs the best way to fight fiat-money, corrupt bankers. Everyone should buy Bitcoinâ.pic.twitter.com/AfDdJgHdE7
â BITCOIN IS PEACE đđ (@realmaxkeiser) February 15, 2020
Signal That Preceded 10% Bitcoin Boom Appears Again, and Itâs Big for Bulls
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$288K BY DECEMBER?! BITCOIN âWILL NOT STOPâ AT $100K!! MORGAN STANLEY AND BNY MELLON EMBRACE BTC!!
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Bitcoin (BTC) has plenty of room to grow in its current bull run and âwill not stopâ at $100,000, according to analysts including PlanB who predicts that the peak of this cycle could be double those figures or even more â potentially in excess of $576,000.
In various posts on social media on Wednesday, the stock-to-flow Bitcoin price model creator joined others in predicting huge new all-time highs for BTC/USD.
With Bitcoin trading sideways below both its recent peaks of $58,300 and $61,700, investors are curious about where the 2021 bull run may end.
As Cointelegraph reported, depending on the price indicator used, the peak could be uncomfortably near or still far off. For followers of stock-to-flow, the answer remains firmly the latter: Compared with previous bull cycles, 2021 is just getting started.
âWe are only 3.5 months into the Bitcoin bull market,â PlanB summarized.
âIMO BTC will not stop at $100K and will continue to S2FX $288K average price level (ATH will be higher).â
He referenced both his stock-to-flow, or S2F, and stock-to-flow cross-asset, or S2FX, models, which give an average BTC/USD price forecast of $100,000 and $288,000 during the current halving cycle, set to end in 2024.
This is just the average, however, and PlanB believes that the peak of this cycle could be double those figures or even more â potentially in excess of $576,000.
Currently, Bitcoin is following the stock-to-flow trajectory almost to the letter â âlike clockwork,â as PlanB described it â and has yet to give off signs that the cycle top is approaching.
As fellow analyst Rekt Capital noted, such signs tend to come in the form of BTC/USD jumping above the planned trajectory.
âUpside price deviations from the Stock to Flow line tend to precede Bull Market tops for BTC,â the Twitter account wrote.
âAt the moment, $BTC is perfectly follow the Stock to Flow line. But Bitcoin hasnât deviated from it â yet.â
Despite the stock-to-flow model not existing during the top of Bitcoinâs first halving cycle price peak in 2011, it achieved a trajectory deviation equal to 1,157%.
In other breaking Bitcoin News today:Â
Morgan Stanley Introduces Bitcoin Investing For Millionaire Clients
Institutional banking powerhouse Morgan Stanley seems to have given Bitcoin its nod of approval. Based on fresh intel via an âinternal memoâ, as reported on by CNBC, Morgan Stanley will give clients access to Bitcoin (BTC) investing, though only under specific conditions.Â
âThe investment bank, a giant in wealth management with $4 trillion in client assets, told its financial advisors Wednesday in an internal memo that it is launching access to three funds that enable ownership of bitcoin, according to people with direct knowledge of the matter,â CNBC reported on Wednesday. The opportunity is expected to open in April, according to the sources.
Bitcoin interest from mainstream finance has risen significantly over the past year or so, with players such as MicroStrategy, Tesla, and Square buying large stacks of BTC.
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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:
December close: $28,992January close: $33,141February close: $45,240March 17 price: $55,000
We are only 3.5 months into the #bitcoin bull market. IMO BTC will not stop at $100K and will continue to S2FX $288K average price level (ATH will be higher). pic.twitter.com/skS6a7pepu
â PlanB (@100trillionUSD) March 17, 2021
The oldest bank in America, Bank of New York Mellon, just invested in the #Bitcoin custodian company, Fireblocks!
BNY Mellon is one of the worldâs largest custody banks, and they plan to hold, transfer, and buy #bitcoin for their asset management clients!
â Documenting Bitcoin đ (@DocumentingBTC) March 18, 2021
https://cointelegraph.com/news/asia-s-microstrategy-meitu-drops-another-50m-on-eth-and-btc
https://cointelegraph.com/news/morgan-stanley-introduces-bitcoin-investing-for-millionaire-clients
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BITCOIN PRICE WONâT FALL BELOW .2K DURING THIS CRASH | Vitalik Buterin Pans BTC Price Forecasts
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PlanB, creator of the Bitcoin stock-to-flow (S2F) model, says the Bitcoin price is unlikely to dip below $8,200 even as the top-ranked cryptocurrency has dropped 13% over the last one week.
The BTC price has fallen below the $9,000 mark. Taking to Twitter on Wednesday (February 26, 2020), PlanB identified $8,200 as the likely bottom for the current downward slide.
PlanBâs tweet reads:
â$8.2k bottom still stands. It would really be unprecedented if it breaks, never happened before. Note it has nothing to do with s2f.â
Thus far, PlanBâs S2F has been the most historically accurate Bitcoin price prediction model with a forecast of $100,000 per BTC before the end of 2021.
PlanBâs latest tweet is a reiteration of predictions offered earlier in February, stating that the Bitcoin price would stay above $8,200 and that the post halving BTC price will be above $10,000.
Over the last three days, Bitcoin (BTC) has lost over $1,000 and is down close to 18% since been unable to overcome resistance at the $10,600 price level.
Despite the current slide, the Bitcoin price is still up by more than 20% since the start of the year.
âRationalized Bullshitâ â Vitalik Buterin Pans Bitcoin Price Forecasts
Ethereum (ETH) co-founder Vitalik Buterin does not believe that the popular stock-to-flow model is useful for predicting the BTC price.
In a Twitter debate on Feb. 27, Buterin became the second well-known figure to criticize stock-to-flow, which calls for BTC/USD to trade at an average $100,000 between 2021 and 2024.
The model has been historically accurate at predicting Bitcoinâs growth and currently calls for an average of around $8,606.
After trading at more than 20% higher, Bitcoin this week fell to within $200 of that target.
For Buterin, however, stock-to-flow is a prediction model like any other.Â
Discussing press articles that attribute specific events to Bitcoin price growth, he claimed that the vast majority were âpost-hoc rationalized bullshit.â
âYour daily reminder that 95%+ of articles of the form âevent X will make crypto go (up | down)â are post-hoc rationalized bullshit,â he wrote.
When asked specifically whether stock-to-flow articles also came under that banner, Buterin added: âNah, that stuff is part of the 95%.â
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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:
*** Update: my 2 sats on #bitcoin price:â 2020: btc stays above $8200 (so we are NOT dropping to $6k or $4k levels that others are predicting now)â May 2020 halving: will be above $10k
â 2021: bull run starts after the halving and tops $100k before Dec 2021#NotFinancialAdvice https://t.co/Zkkma4ZBSd
â PlanB (@100trillionUSD) February 10, 2020
Bitcoin Price Wonât Fall Below $8.2K During This Crash: PlanB
https://cointelegraph.com/news/rationalized-bullst-vitalik-buterin-pans-bitcoin-price-forecasts
https://cointelegraph.com/news/price-of-bitcoin-drops-after-150-million-liquidated-on-bitmex
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