BITCOIN PRICE HITS 0K BRIEFLY | BTC Now ‘Perfectly on Track’ to 0K | Chainlink Surges New ATH – Crypto News Alerts | Daily Bitcoin (BTC) and Cryptocurrency News

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Bitcoin price experienced a massive spike towards $100,000 on its Quarterly Futures chart.

According to the official Binance announcement, a single user placed several large orders over a very short period of time creating an insane BTC candlestick wick up to $99,964.

This incident did cause the entire Crypto market to shake.

According to Binance, because Futures uses the mark price for liquidations and other calculations, no one was actually liquidated when the BTC price touched $99,964, however, on the spot market, there was a large fluctuation in price.

In less than 1 hour, Bitcoin went from a high of $12,123 to $10,518 before quickly recovering above $11,000.

Ethereum price also got affected dropping from $415 to $325 in the same time frame.

Other major coins suffered the same price action.

In other trending Bitcoin News today:

Bitcoin Now ‘Perfectly on Track’ to $100K, Says Stock to Flow Creator

PlanB, the well-known creator of the contested stock-to-flow (S2F) model, believes Bitcoin (BTC) is now well on track to reach $100,000 as the price has risen to yearly highs.

The optimistic sentiment coincides with the shift in momentum from alternative cryptocurrencies, or altcoins, to BTC. He recently shared,

“I can’t make a chart for you now (at sea), but S2F model perfectly on track.”

At the same time, the price of Bitcoin has increased by 17% this week, as it broke through a major three-year trendline.

As Cointelegraph reported, traders seemingly expect BTC to test higher resistance levels in the near term.

Altcoins declined particularly in the past 72 hours when the price of Bitcoin started to rally.

Ethereum’s Ether (ETH) moved in tandem with BTC throughout the rally, but it slumped against BTC in the past two days.

In the short term, as Bitcoin sees a profit-taking rally from altcoins, some investors expect BTC to outperform altcoins.

Kelvin Koh, the co-founder of Asia-based venture capital firm Spartan Group, said:

“If BTC breaks the resistance at $11.4K, we are going above $12K in no time. Will take the wind out of alts again short term.”

In other trending BTC news today:

Chainlink (LINK) Surges 12% to a Fresh All-Time High of $9.72

For the first time in its multi-year history, the Chainlink price passed above $9.00 for the first time ever on Monday.

At the local highs, the asset reached a price of $9.72, as per data from CoinMarketCap.

This surge comes after Chainlink was subject to a strong retracement after hitting $8.94 near the middle of July.

Like many other leading altcoins, LINK suffered from volatility in the prices of Bitcoin and Ethereum, which centralized gains in those market players.

LINK currently trades at $9.50 as of this time, having dropped slightly from the local highs (which is also the all-time high).

According to Santiment, blockchain analytics firm, indicated amid the surge that there has been an uptick in trading volume and social sentiment.

This may suggest that Chainlink does have room to rally.

What it may also show, though, is that a near-term peak may be reached.

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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:

Chainlink (LINK) Surges 12% to a Fresh All-Time High Above $9

Bitcoin Price Hits $100,000 … Briefly

https://cointelegraph.com/news/bitcoin-now-perfectly-on-track-to-100k-says-stock-to-flow-creator

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ANCIENT MATH PREDICTS BITCOIN NEXT TOP AT 0K!! GLOBAL FIAT FALURE WILL PUSH BTC ACCUMULATION!!

By admin — 3 years ago

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As Bitcoin takes out $11,000 and potentially aims higher, renewed talk of the BTC asset and its next potential peak has returned to the market.

Analysts do their best to do more than just speculate, backing up theories with fundamental statistics or technical signals to predict future prices.

But could it all be based on mathematics that’s been around for centuries? And if so, could Bitcoin’s next peak be at $270K?

Bitcoin price and what it will be some day is a regularly contested subject. Pundits pronounce the asset dead and claim it’s ready to go to zero.

Others, even the likes of billionaire venture capitalist Tim Draper believe it’ll be worth in the hundreds of thousands.

If Bitcoin follows the same exact trajectory as the last bull market, it is on track for a top at around $325K, top crypto experts have claimed.

However, each peak has brought investors diminishing returns, so it is reasonable to expect that peak to be lower than the last in terms of ROI.

But could an extremely simple mathematical pattern named after a mathematician born in 1170 perfectly predict each Bitcoin top?

If it is possible, the formula points to the next peak at $270K according to a chart shared by a leading cryptocurrency analyst.

The cryptocurrency has been peaking at each Fibonacci extension ending in “.272.” Fibonacci retracement and extensions are ratios based on Fibonacci sequence.

The next one above is the 4.272 extension, residing at roughly $270K.

Everything about Bitcoin is steeped in mathematics, so it shouldn’t be shocking that math itself is the key to predicting the crypto asset’s peaks.

The remaining piece of the equation is when this peak occurs.

The “when” is argued in the crypto market nearly as much as how much Bitcoin price will ultimately reach.

Believers in the stock-to-flow model expect the cryptocurrency to rip any day now into a new bull market, potentially making that peak a lot sooner than anyone is ready for.

In other trending Bitcoin News today:

Global Fiat Failure Will Push Countries to Accumulate Bitcoin, Says Max Keiser

Max Keiser, Wall Street vet and host of RT’s Keiser Report, says he believes countries will seek refuge in Bitcoin as fiat currencies fail on a global scale.

In a new installment of Blockchain Interviews, Keiser says the gold market won’t be able to satisfy a surging appetite for safe-haven assets.

“You work through the numbers and there’s just not that much [gold] around. If you needed to buy 300 tons of gold you’re not going to find it, not at the current price. It’s going to be like ‘Okay I’ll sell you 300 tonnes of gold but I’m going to sell it to you at $25,000 an ounce, you can have all you want at $25,000.’”

Keiser expects demand for truly scarce assets to push governments around the world to eventually come around and see the value of Bitcoin.

“So then we need hard money. I think that’s where you’re going to see these central banks turn to Bitcoin and sovereign wealth funds. They’ll be like, ‘Well this Bitcoin this has been around now for 11-12 years. It’s 99.9% fail-proof and it’s got everything we want in hard money.’

You’ll see countries start to accumulate Bitcoin and start to mine for Bitcoin as well, and then they’ll start to subsidize the money they would be subsidizing the energy industry in and subsidizing that in the Bitcoin mining space. So then the game theory kicks in. So, for example, Iran right now has something like 2% of the global hash rate of Bitcoin…”

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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:

Pretty words but no @michael_saylor type commitment to #Bitcoin on the balance sheet

American CEO’s are not getting the Big Picture about what’s happening with #BTC in countries like Nigeria with 30% hyperbitcoinization RIGHT NOW!

Let’s stop the posturing. Take action. https://t.co/mNIUgaOjEN

— Max Keiser (@maxkeiser) October 1, 2020

Crypto Calculated: How Ancient Math Predicts Bitcoin’s Next Top At $270K

https://cointelegraph.com/news/12k-bitcoin-price-back-on-the-table-after-btc-rallies-above-114k

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Bitcoin Price Hitting K Wouldn't Be Surprising | BTC Continues To Be Resilient As Economy Tanks

By admin — 3 years ago

➡️ 5 *MORE* COINS TO $5 MILLION REPLAY: http://5coins.cryptonewsalerts.net

Adam Back, the CEO of Blockstream who was quoted in Satoshi’s white paper, says that the Bitcoin price hitting $20,000 would’t seem surprising to him if that happened due to the current BTC market conditions.

“woke up to a vivid dream this morning, which took a moment to realize was a dream. sure you’ve had them once in a while. it was that bitcoin hit $20k overnight and then pulled back to $16k. didn’t seem surprising given the market conditions, so it wasn’t price that caused wakeup” – Adam Back

Bitcoin Could Rocket Higher

It is worth noting that Back accurately called Bitcoin’s recent price spike.

As reported by U.Today, he explained that dip buyers would soon start putting their cash to work.

The drop that followed dampened bullish sentiment, but it remains to be seen whether this downtrend will continue.

With the U.S. Federal Reserve firing new bazookas and the Bank of England promising to print an unlimited amount of money, there hasn’t been a better time for Bitcoin (BTC) to shine.

Bitcoin Price Analysis: BTC Continues To Be Resilient As Economy Tanks – Are We Headed Above $7,000 Next?

Bitcoin fell by a total of 4% over the past 24 hours of trading.

It had dropped much further lower but managed to find strong support at $5,786 which allowed the cryptocurrency to rebound higher and break back above $6,000.

The cryptocurrency is proving to be extremely resilient as it continues to stabilize whilst the rest of the economy around the world continues to fall further lower.

Short term prediction: NEUTRAL Bitcoin remains neutral and would need to close above $6,500 before we can consider a very short term bullish trend.

Toward the upside, the first level of strong resistance lies at $6,175.

The coin has struggled with this resistance over the past 4-days of trading and failed to close above here on each attempt.

Above this, resistance lies at $6,542 (bearish .5 Fib Retracement) and $7,000. If the buyers continue to drive even further above $7,000, resistance lies at $7,100, $7,174 (bearish .618 Fib Retracement), and $7,270.

On the other side, support is located at $5,786. This is followed with support at $5,600, $5,500, and $5,467 (.618 Fib Retracement).

Key Levels Support: $5,911, $5,786, $5,600, $5,500, $5,467 $5,200, $5,000, $4,800, $4,672, $4,577, $4,139, $4,000, $3,912, $3,500, $3,436..

Resistance: $6,174, $6,542, $6,700, $6,800, $7,000, $7,174, $7,200, $7,270, $7,500, $7,676, $8,000, $8,073, $8,250, $8,461, $8,672, $8,979, $9,000, $9,100.

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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 will continue to be volatile over the next few months but the macro backdrop is WHY it was created. This will be and needs to be BTC’s year.

— Michael Novogratz (@novogratz) March 22, 2020

but don’t write off the value of liquidity, trading with less 3rd party custody, atomic trade – that’s part of the value of bitcoin. cypherspace zero trust things are very cool and literally a cypherpunk dream realized already https://t.co/AC5CnuFGlX

— Adam Back (@adam3us) March 21, 2020

https://u.today/bitcoin-btc-price-hitting-20000-wouldnt-be-surprising-for-blockstream-ceo-heres-why

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HERE’S WHY BITCOIN COULD BE HEADING TO $1,000,000, SAYS KRAKEN’S DAN HELD!! BTC PRICE BREAKS $50K!!

By admin — 3 years ago

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

Dan Held, growth lead at crypto exchange Kraken, is outlining the catalysts that he believes could ignite a Bitcoin ‘Supercycle’, catapulting the BTC price to $1 million.

In a new episode of the What Bitcoin Did podcast, Held explains why he believes the current bull market could grow exponentially larger than Bitcoin’s boom cycles in 2013 and 2017.

“When I look at these cycles though, what makes me very excited about this upcoming one, which could be… a supercycle, is that this time, is different. The 2013 bull run, the 2017 bull run, it was mainly based on retail-driven speculation. The macro markets, the rest of the world, was doing fine. It was a large bull run and these were mainly speculative cycles run by retail with a very shaky infrastructure…

With this bull run, we’ve got a lot of different things lined up.”

According to Held, Bitcoin’s primary use case as a store-of-value asset was put into the spotlight by the Covid-19 pandemic amid the rampant money printing of governments across the globe.

Covid was the catalyst moment that makes Bitcoin shine. With the Covid lens when we look at Bitcoin, for most people who had dismissed it previously, now it makes sense. And that’s where we see this echoed by the institutions. The managers of all the wealth in the world, the large portion of wealth in the world, they look at Bitcoin as a store of value, as a gold 2.0… And that is a huge value for the world.

As the governments had their response to Covid-19 being money printing, that will devalue these currencies eventually and folks are looking at the 21 million fixed hard cap of Bitcoin. They are looking at this monetary policy, they are looking at Bitcoin’s construction, and how decentralized it is. Now you can store value in it and no one can take that value away from you, as this incredible lifeboat…

So Bitcoin’s demand, or people believing in Bitcoin, that market has grown tremendously to where now we have institutions.”

Held adds that the improvement in cryptocurrency infrastructure, which has made the flagship crypto asset more accessible to retail investors, is another factor that could continue fueling demand.

“We also have a much more vast retail customer segment. So retail buyers can now buy Bitcoin on PayPal, Robinhood, Cash App. They can buy it everywhere. And eventually, that’s going to reach brokerages like Fidelity, like within a retail brokerage Fidelity or E-Trade and Interactive Brokers. Eventually, you’re going to be able to buy Bitcoin everywhere, which means Bitcoin can now tap into all demand that wants it.”

For the current bull run to qualify as a supercycle, the Kraken Bitcoin needs to appreciate over 20x from its current value of $48,944.

In other trending Bitcoin News today:

Bitcoin Breaks $50K: Why BTC Price Is Primed For Another Leg Up

The price of Bitcoin (BTC) surpassed $50,000 for the first time in history across major exchanges, including Coinbase and Binance Futures.

CryptoQuant CEO Ki Young Ju explained that Bitcoin’s struggle to break past $50,000 is about “Coinbase whales (USD) vs. Stablecoin whales (USDT).”

Ki emphasized that there was a negative Coinbase premium at the time Bitcoin rejected $50,000 in the morning. For BTC to cleanly break past it, he explained that the negative premium has to be “cooled down.”

Since the initial rejection, the Coinbase premium has stabilized, reaching parity with Binance’s Tether price.

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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:

Number of the day: 4,000,000,000,000$4T of cash sitting in US non-financial corporations.$4T is also Gold’s financial cap.

$4T is also #Bitcoin‘s projected cap for end of this year on current models.

— Willy Woo (@woonomic) February 16, 2021

https://cointelegraph.com/news/bitcoin-futures-break-50k-why-btc-price-is-primed-for-another-leg-up

Post Views: 237

BITCOIN PRICE HITS 0K BRIEFLY | BTC Now ‘Perfectly on Track’ to 0K | Chainlink Surges New ATH

Bitcoin Now ‘Perfectly on Track’ to $100K, Says Stock to Flow Creator

Chainlink (LINK) Surges 12% to a Fresh All-Time High of $9.72

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BITCOIN PRICE HITS 0K BRIEFLY | BTC Now ‘Perfectly on Track’ to 0K | Chainlink Surges New ATH

Bitcoin Now ‘Perfectly on Track’ to $100K, Says Stock to Flow Creator

Chainlink (LINK) Surges 12% to a Fresh All-Time High of $9.72

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