BITCOIN ON TRACK TO HIT $90K TARGET IN NOVEMBER, SAYS TOP CRYPTO ANALYST! Volt Equity BTC ETF LIVE!

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The Bitcoin Price Could Hit $16,000 Before The 2020 BTC Halving…

Bitcoin’s price action at the end of 2019 was largely unexpected; the 40% surge towards $10,000 then the subsequent crash to the $6,000s caught many with their pants down, so to speak.

But, there was at least one trader who called this turn of events: Filb Filb, a pseudonymous cryptocurrency trader known for making some crazy accurate calls, including a forecast of a ~$3,000 BTC price bottom in the 2018 bear market.

In October 2019, he published a chart, which shows that his estimation was for Bitcoin (BTC) to surge vertically to the $9,000s, then plunge to the low- to mid-$6,000s by December, to only recover back to $9,000 by January or February of this year.

In the latest edition of his Decentrader newsletter, Filb Filb wrote that Bitcoin could be on track to move to the $15,800 price point just prior to the halving.

He backed this tentative forecast by noting that prior to the previous halving, Bitcoin found a temporary top at $800, the 78.6% Fibonacci Retracement of the bull market before the halving:

“We can see that the pre halving ultimate top was around $800, or the 78.6% fib retracement. While history never repeats but often rhymes, this would actually put a top in around $15.8k.”

While his $16,000 target was based on historical trends, there is a confluence of technical analysis from Filb Filb suggesting that more upside is imminent.

In a post to his Telegram channel, Filb Filb wrote that 8/8 of the time frames he actively tracks, which includes the four-hour, one-day, and one-month candles, are signaling a buy per his indicators – “the holy grail.”

This suggests that the price of Bitcoin will surge even higher in the coming weeks and months.

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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:

/4 If and when we break the $10,000, we teleport to probably $11,000 in an hour.

— light (@LightCrypto) February 7, 2020

No Asset Follows Trend Better than Bitcoin.The 2016/2017 Bull Market Mania:

On 10/13/2015, Bitcoin closed above its 200 dma & did not close under the 200 dma until 2/5/2018: 846 days of maintaining long-term trend. pic.twitter.com/pGuh7YA8nH

— Matt D’Souza (@mjdsouza2) January 18, 2020

Bitcoin vs. Altcoins: Which Will Make You More Money in 2020?

How Bitcoin Could Surge to $11,000 After Hitting Five Figures

Top 5 Crypto Trading Tips to Prepare You For the Upcoming Bull Market

Why This Top Analyst Says Bitcoin May Hit $15,800 Before 2020 Halving

💰 Crypto’s Next $1 Trillion Coin: http://teeka.cryptonewsalerts.net

Kraken CEO Jesse Powell says Bitcoin is on track to hit $1 million per BTC as governments continue to adopt loose monetary policies.

In a new interview on the H3 podcast, the Kraken head believes that there’s still time to jump on the Bitcoin bandwagon as it is en route to an increase of nearly 1,720% in the coming years.

“It’s still early. I think so, I think Bitcoin is going to be $500,000 easily within the next few years. Look at how much money printing’s going on. Easily we’re going to hit a million dollars in Bitcoin…

At least dabble in it… Put 1-10% of your portfolio, I wouldn’t say go all in, don’t bet your rent money, don’t bet your food money on Bitcoin, but if you have a portfolio of investments you should absolutely have some Bitcoin in there.”

When asked about the thousands of other cryptocurrencies on the market, Powell says that the average investor can look at it like the stock market where it’s often best to stick to the biggest, most well-known names.

“There are thousands of stocks that could buy. There are a lot of ****** stocks that you could buy. Some are like really strong brand names, household names, like Apple, Google, Facebook. I think if, just like with the stock market, if you don’t really know what you’re doing, if you’re not some super deep Wall Street analyst, don’t buy crazy stock #5900, stick to the top guys that you know, that you have a personal connection to the brand. You’re using Apple devices every day so you probably think Apple is a pretty good company. I’d say do that with crypto as well. Don’t pay attention to all the new things coming out constantly.

Just stick to Bitcoin and Ether. If you want to be super safe, I think Bitcoin and Ether are super safe bets. Everything else, it gets more exotic and you get higher returns with more risk, but I wouldn’t look at other things.”

In other trending Bitcoin News Today:

Digital asset manager QR Capital reveals that it received the green light to launch the first-ever Latin American Bitcoin exchange-traded fund (ETF).

In a series of tweets, QR Capital says the Comissão de Valores Mobiliários (CVM), Brazil’s Securities Exchange, approved the Bitcoin ETF which will be listed on the Brazilian Stock Exchange (B3) under the ticker QBTC11. 

According to QR Capital, the goal of the ETF is to give investors a secure and easy way to gain exposure to the number one cryptocurrency without the need for self-custody.

“Easy because you will soon no longer have to worry about wallets or private keys to gain exposure to Bitcoin. Just type ‘QBTC11’ in the terminal of your favorite broker to invest in the asset with the highest appreciation of the decade. Safe because the ETF is authorized by CVM and traded on B3.”

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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:

Brazil Approves First Bitcoin ETF in Latin America

https://cointelegraph.com/news/bitcoin-may-take-out-previous-53k-lows-before-bulls-regain-control-says-trader

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Digital Asset Manager Grayscale says current investment patterns in Bitcoin mirror trends present in early 2016, when BTC kicked off an astronomical 4,400% rally to its all-time high in less than two years.

Phil Bonello, Grayscale’s director of research, reports that there is a growing number of investors holding on to their Bitcoin.

In Grayscale’s Holder vs. Speculator Index, the percentage of holder coins – BTC that have not moved in one to three years – is on the up and up. Meanwhile, the percentage of speculator coins – BTC that have moved in the last 90 days – is on a decline, much like in 2016.

According to Bonello, an increase in holder coins is a potential bullish indicator, while an increase in speculator coins looks bearish. 

Bonello also notes that there has never been a higher level of Bitcoin held for more than one year.

“This metric indicates a strong conviction in Bitcoin by its current investor base. While this is a supply-side metric, it also demonstrates the demand for Bitcoin’s use case as a store of value – rather than trading, it appears investors are interested in holding Bitcoin despite its volatility…

This report is intended to help investors visualize why Bitcoin may be more important than ever; we explore Bitcoin’s value indicators, delineate its substantial supply/demand imbalance, and extrapolate how these factors may create a tailwind for Bitcoin’s adoption and price. This analysis indicates that the current Bitcoin market structure parallels that of early 2016 before it began its historic bull run.”

The researcher does caution that significant off-chain activity may decrease the efficacy of these metrics.

Bitcoin’s price in January 2016 stood at about $434.

In less than 24 months, the king crypto went on to skyrocket over 4,431%, en route to its all-time-high of $19,665, according to CoinGecko.

In other trending Bitcoin News today:

New Crypto Asset Could Be Next DeFi Unicorn to Explode, Says Bitcoin Analyst Nicholas Merten

DataDash founder and Bitcoin analyst Nicholas Merten says a new crypto asset is poised to become the next decentralized finance (DeFi) unicorn to erupt.

Merten says he’s betting big on Ampleforth (AMPL) as he believes the coin is relatively undervalued.

The crypto strategist highlights that AMPL has already gone through close to an 80% correction in terms of market capitalization.

Merten says the pullback has put AMPL in a position to restart its bull cycle as the DeFi asset is flashing bullish signals.

Based on Merten’s chart, the coin’s market cap can explode over 430% in the coming months.

Ampleforth bills itself as an “adaptive base-money.” 

According to Merten, the number of AMPL in circulation adjusts based on demand.

“The balance of Ample can increase or decrease and it uses a very similar kind of mechanism some might be familiar with in regards to DAI… In this case, as price goes up, they increase the overall supply in the network and along with that as well, when you see a decrease in price, in this case, the overall supply decreases as well. It’s supposed to provide [the] pressure of limiting the supply on the market and vice-versa.

When price goes up, you have more coins in the market. People are actually, as they’re holding it, not only is price going up, maybe above the peg but along with that, they’re getting extra coins. In this case, there’s a pressure to sell.”  

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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:

If you put $1.25M into $BTC today you could literally have $70M in three yearsIt’s a mathematical fact, don’t question it The 6 figures / day you make in the stonk market will seem irrelevant

also the magnet is there for more than just a cosmetic affect pic.twitter.com/ZQ9c0Y6o0N

— RookieXBT 🧲 (@RookieXBT) August 22, 2020

Just to clarify I put in 1.25 million and lost 20k. My money was just better at work in the real stock market where I make 6 figs everyday. https://t.co/5v7Jg2SZYo

— Dave Portnoy (@stoolpresidente) August 22, 2020

https://grayscale.co/wp-content/uploads/2020/08/Grayscale_Valuing_Bitcoin.pdf

https://dailyhodl.com/2020/08/22/new-crypto-asset-could-be-next-defi-unicorn-to-explode-says-bitcoin-analyst-nicholas-merten/

https://dailyhodl.com/2020/08/22/bitcoin-patterns-mirror-early-days-of-epic-4431-rally-began-according-to-digital-asset-manager-grayscale/