BITCOIN PREDICTION MODEL UPDATE AS ANALYSTS FLIP ON BTC!

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While Ripple XRP, the third largest cryptocurrency is still trading at $0.21, a trader is citing a chart to suggest a somewhat unrealistic XRP price surge to the $28 level next year.

XRP has not been on top form since early 2018 when the price surged to its all-time high of about $3.84.

Ripple’s active expansion strategy has not yet made its retail investors happy since the XRP price has been unable to get over $0.30 for a long while already.

However, now traders seem to have found signs on charts that say a new bull run is coming next year.

The trader ‘D.Y.I. Investing’ has shared some info about cyclical time frames for XRP he has come across.

Bearish cycles that happen to XRP take two years, he says, following a 1-year bullish cycle. This means, as per the trader, that the approaching 2020 is going to become bullish for the coin.

He expects the price to hit as much as $28. He shared on Crypto Twitter in a recent tweet:

Cyclical Time Frames with $XRP. You guys have seen me post this chart before but now I have added cyclical time frames to paint an even clearer picture. XRP follows cycles of 6 months to 1 year Bull Cycles followed by 2 year Bear Cycles. 2020 will be the next Bull Cycle. $28

In other Crypto news today:

Bitcoin Futures gap exists at $11,800; can bulls fill the gap?

For some context, a “gap” in a financial market is when an asset doesn’t trade at a certain price, leaving a gap in the order books and charts which is highly irregular. While gaps are rather rare, they’re common in the Bitcoin market because the Chicago Mercantile Exchange (CME) closes on the weekends though cryptocurrencies exist in a 24/7 market, creating discrepancies due to this market’s inherent volatility.

Some say that gaps can be used as a form of analysis, for in traditional markets, assets always fill the price gaps they leave in the coming trading sessions.

With there existing remaining gaps on the Bitcoin chart, we must ask: will Bitcoin (BTC) fill them?

According to cryptocurrency trader “exitscammed,” there exists a Bitcoin CME Futures price gap in between $11,700 and $12,000, left behind from the strong rally seen earlier this year.

$12,000 is 70% above the current price level of the low-$7,000s.

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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:

Cyclical Time Frames with $XRP.

You guys have seen me post this chart before but now I have added cyclical time frames to paint an even clearer picture.$XRP follows cycles of 6 months to 1 year Bull Cycles followed by 2 year Bear Cycles. 2020 will be the next Bull Cycle. $28 pic.twitter.com/P5ZfAgPfF4

— D.I.Y Investing (@vajolleratzii) December 15, 2019

Transaction Type: PaymentAmount: 50,000,000 XRPFee: 45 drops (0.000045 XRP)Sender: r3UfhuRaxjwGEibXZ9mRWaKMJqtSsWcP14Sender Balance: 100,000,095.25741Receiver: rUC8XGzh9W6uzn45GJVAoow7TxCMxmnLrqReceiver Balance: 50,000,094.977455

Link: https://t.co/cZKOBH96on

— XRPL Monitor (@XRPL_Monitor) December 13, 2019

Bitcoin Futures Gap Exists at $11,800; Can Bulls Fill the Gap?

https://u.today/xrp-price-to-hit-28-in-next-bull-cycle-in-2020-crypto-trader

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Cryptocurrency trader Tyler Swope says that the latest Bitcoin upgrade could be the fuel that BTC needs to send the leading digital asset to new all-time highs. In a new strategy session, the host of Chico Crypto says that Taproot, the soft fork that aims to enhance Bitcoin’s privacy measures and smart contract flexibility, might be some of “the best news ever” for BTC.

“This is great for Bitcoin. I mean, it’s some of the best news ever because Bitcoin is about to get privacy and it’s about to get some more complex smart contracts that can make it do a lot more things. There’s going to be a big conversation coming on.”

In other trending Bitcoin News today: Bitcoin price bottom is in, says Fidelity executive Jurrien Timmer as crypto market exits ‘extreme fear’ as the BTC price action stays above $40,000. “In my view, it looks like the bottom is in.”

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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/following-massive-btc-purchase-announcement-microstrategy-says-it-may-sell-up-to-1b-in-stock

https://cointelegraph.com/news/within-five-years-us-hedge-funds-expect-to-hold-10-6-of-assets-in-crypto

https://cointelegraph.com/news/bitcoin-price-bottom-is-in-says-fidelity-exec-as-crypto-market-exits-extreme-fear

https://cointelegraph.com/news/a-bitcoin-indicator-with-a-perfect-history-just-told-you-to-buy-the-dip

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RT host of the Keiser Report, BTC pioneer Max Keiser shared his latest Bitcoin prediction on Crypto Twitter in the following recent tweet:

“We’re in a post nation-state, post sovereign currency as entire world becomes obsessed with Bitcoin. PREDICTION: Millions of people around the world will logically buy BTC instead of paying taxes. Governments will be powerless to stop this.”

When it comes to an actual BTC price prediction, Max also shared the following:

“Just to be clear, the risk of buying Bitcoin today HAS NEVER BEEN LOWER and the upside is still huge, like 80x. This is why institutions are pouring in now. The risk has never been lower.”

For BTC to 80x from the time of his bullish prediction, would put the Bitcoin price at about $1.4 million per BTC.

In other trending Bitcoin News today:

Macro Guru Raoul Pal Reports Game-Changing Crush of Institutional Money Pouring Into Bitcoin, Updates BTC Price Prediction

Former Goldman Sachs fund manager and current Real Vision CEO Raoul Pal says he’s witnessing an unprecedented crush of institutional money buying Bitcoin.

In a new interview with CT’s Giovanni Pigni, Pal says BTC’s return to near $20,000 levels is just the beginning.

“From what I know, and I know a lot of people in the industry, they are all onboarding institutional clients, family offices, endowments, at an enormous pace. But $20,000 here is not the same as $20,000 back then [in 2017]. Back then it had gone up 100 fold when it got up to $20,000, we haven’t even started this yet.

Later on, when things get speculative, we will see something similar potentially play out. But the difference is, where these guys are getting it wrong, is they’re saying, ‘People aren’t as interested.’ Ya, but the real money is interested and that’s a game changer.”

Pal says Bitcoin is one of the most unique trades he’s ever seen, and the top cryptocurrency will likely benefit in the months ahead regardless of which direction the global economy takes.

“Regardless of what’s going on, that money is coming. Let’s look at the reasons. I have a feeling the vaccine takes until Q3 next year before it’s really rolled out. We look at the European economy, it is falling fast. I don’t know how they’re going to deal with Christmas and the New Year. The US economy has got the same problems. 

I think it goes into lockdown in January and February once the Biden administration comes in because the virus over Thanksgiving, New Year, and Christmas is going to grow substantially. I think we’ve got problems in India after Divali, where you’ve got hundreds of millions of people together celebrating and I think we’re going to get a big second wave in India.”

Pal is updating his prediction for the current Bitcoin cycle. He says $150,000 is likely on the low-end, but he believes PlanB’s controversial estimates in the upper $250,000 range may end up being too conservative.

“If I was to be conservative, I’d say $150,000. If I’m to be realistic knowing what I know about the flow of funds, I have a feeling that PlanB’s model is going to underprice the upside. I know everybody thinks on this cycle the price will be lower. I just don’t see it because of the amount of money coming into the space. 

I actually have a feeling it might be above his target of about $250,000 but I don’t know. But I like that optionality. Worst case $150,000, best case north of $250,000. I mean, find me another trade in the world that looks like this.”

Pal, who is a longtime crypto investor, says he can afford to take a big risk on Bitcoin and now has about 75% of his liquid net worth in 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:

Ok, last bomb – I have a sell order in tomorrow to sell all my gold and to scale in to buy BTC and ETH (80/20). I dont own anything else (except some bond calls and some $’s). 98% of my liquid net worth. See, you can’t categorize me except #irresponsiblylong Good night all.

— Raoul Pal (@RaoulGMI) November 30, 2020

We’re in a post nation-state, post sovereign currency as entire world becomes obsessed with #Bitcoin PREDICTION: Millions of people around the world will logically buy BTC instead of paying taxes.

Governments will be powerless to stop this.

— Max Keiser (@maxkeiser) November 29, 2020

https://cointelegraph.com/news/record-gold-outflow-isn-t-going-into-ripples-only-bitcoin-says-fund-manager