BITCOIN PREDICTION MODEL UPDATE AS ANALYSTS FLIP ON BTC!

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With the Bitcoin price crossing $10,000 for the first time this year, Crypto trader and strategist Joe Saz says we are now firmly in the disbelief phase of a new long-term Bitcoin (BTC) bull market, with market participants struggling to wake up and believe the bear market is actually over.

“I’ve been talking about Bitcoin having been in a disbelief run or phase of the bull market, and I think that’s still happening right now.”

In a new interview with BlockTV, Saz talks about how high he thinks the BTC price can go in this current bull run.

“My intense bullish projection is around $300,000 Bitcoin until this market bubble bursts. So I think we’re going to have another bubble, probably in two to three years from now. I think Bitcoin is going to break six figures by far, and $300,000 is my estimation, probably more like the mid $300Ks. But I think this is the bull run that takes us to those beautiful numbers.”

However, the trader says it won’t be a straight shot to the moon. Saz believes there will be a 30% to 40% pullback before the halving or at the time of the halving.

“It could happen as early as April. We do have tax season so who knows there could be a lot more upward pressure on the price through tax season as we’re entering that proximity and closing that distance to the halvening…

$14,500 is my low target by April. At this point, it’s looking like a low target. But overall, I think we have a couple of pullbacks along the way but I believe this is the bull market that’s going to take us to six figures.”

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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:

Bitcoin Starts Vertical Rally To $11.5K and $12K: Uptrend Isn’t Over Yet

Here’s Why Bitcoin Price Could Explode 100% and Hit $20,000 by May

https://www.tradingview.com/chart/XBTUSD/Noakp7n5-Why-I-believe-Bitcoin-will-retest-All-Time-Highs-by-July-1-2020/

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Widely-followed crypto strategist and trader Michaël van de Poppe is looking at the bigger picture to analyze the state of the Bitcoin bull market.

According to the psychology of a market cycle, the disbelief phase is the earliest stage of the bull market, where market participants believe that the rally will abruptly end.

Van de Poppe’s current sentiment that BTC is in the early stages of a bull market aligns with his prediction that Bitcoin will hit $300,000 by the end of the current boom cycle.

In other trending Bitcoin News today:

Asset Giant Charles Schwab Exploring Support for Bitcoin and Crypto Markets

Investment services firm Charles Schwab is keeping an eye on the developments in the crypto space as the company with over $7 trillion in client assets says the doors are open for supporting Bitcoin and crypto markets.

In the company’s newest business update, Charles Schwab CEO Walt Bettinger says that the company is looking very closely and cautiously at the crypto market.

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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:

Asset Giant Charles Schwab Exploring Support for Bitcoin and Crypto Markets

https://cryptopotato.com/2-on-chain-metrics-suggest-bitcoin-bullish-bias-intact/

After The Crash: Why Bitcoin Could Have More Upside Potential

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BITCOIN PRICE STRIKES SIX MONTH HIGH

Another day and another yearly high has been hit by the BTC price on its march back upwards.

Analysts are eyeing the next resistance levels and it seems that Bitcoin (BTC) has a bit further to go yet.

BTC has tapped a new 2020 high of just shy of $10,500 during today’s Asian trading session.

Since its jump back above five figures a couple of days ago the king of Crypto has continued to march slowly higher reaching prices not seen since early September last year.

So far this year Bitcoin has made an impressive 45% which was enough to garner the attention of the pundits on CNBC’s ‘Fast Money’ yesterday.

Analysts have been eyeing next levels of resistance and Josh Rager has found a level of around $10,750 on the monthly chart.

“BTC $10,761 remains the resistance on the monthly chart. But if we zoom in inside the monthly, we’ll see horizontal resistance at $11k. And $BTC could get as high as $11,400 to $11,550 before topping out IMO (VAH/VP). I’ll stay in spot positions until then & likely hedge short” – Josh Rager

He added that horizontal clusters can be seen clearer on the daily chart which shows resistance at a similar level.

$12k is also a target if BTC can break through initial resistance levels first, from there on there is very little preventing it returning to last year’s high of $13,800.

In today’s show we also premier Chris Records latest Bitcoin rap video entitled: Back To My Crypto (HODL Gang 2).

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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:

$BTC $10,761 remains the resistance on the monthly chartBut if we zoom in inside the monthly, we’ll see horizontal resistance at $11k

And $BTC could get as high as $11,400 to $11,550 before topping out IMO (VAH/VP)

I’ll stay in spot positions until then & likely hedge short pic.twitter.com/LjRnO01KwD

— Josh Rager 📈 (@Josh_Rager) February 13, 2020

It is far from this daily candle close, but if it remains green, it would be a TD Sequential “9” – a rare thing on a daily time frame.Considering the preceded rise and the absence of decent corrections, it is wise to be cautious with long positions, IMO.

👀$BTC $BTCUSD #bitcoin pic.twitter.com/eVPoQeP2xJ

— CryptoHamster (@CryptoHamsterIO) February 13, 2020

How Bitcoin Prices Could Hit $11,500 in The Next Few Days

https://cointelegraph.com/news/bitcoin-price-suddenly-drops-300-in-1-hour-after-10-500-rejection