Bitcoin Price Indicator Shows Bearish Mood Strongest Since February | BTC News Today

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Gold is experiencing outflows as investors embrace cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH), according to Bloomberg commodity strategist Mike McGlone. 

The commodity strategist predicts a $100K BTC price as early as October as a result of a futures-based Bitcoin exchange-traded fund (ETF), a financial product that provides exposure to the flagship cryptocurrency via derivatives, could be launched by the end of next month.

“… potentially by the end of October. But [as] a futures-based ETF, kind of the way you track most commodities. … So it’s just a matter of time.

[U.S. Securities and Exchange Commission chair Gary] Gensler even hinted at that. It’d be a nice little baby step for the SEC. So it makes sense.”

In other trending Bitcoin News today: Bitcoin and Ethereum Looking Strong as Institutional Crypto Activity Hits Critical Mass: Mike Novogratz!

Billionaire and Galaxy Digital CEO Mike Novogratz says corporate interest in Bitcoin and Ethereum has never been higher.

In a new interview with CNBC, the top executive says that even though crypto markets just suffered through an “ugly” moment, institutional interest is clearly ramping up.

“We held 40,000 in BTC and 2,800 in ETH. These are important levels for people to watch [because] as long as those hold, the market is in very good shape.

I’ve seen nothing but engagement and activity from our investing and corporate clients. The level of inquiry [and] the level of business has never been higher. We see so much capital coming into the space in private ways and in public ways. I’m not nervous.”

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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/too-grande-to-fail-bitcoin-price-stumbles-at-44k-as-china-plans-for-evergrande-s-implosion

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CHINA’s Bitcoin crackdown has caused the nation’s miners to flee en-masse and set up operations in the US, with one expert Max Keiser stating the move affirms his price target of “$220,000 BTC for 2021”. Referring to the move by China Bitcoin pioneer Max Keiser, speaking to Express.co.uk, said: “China doesn’t have the moral character to mine bitcoin.

“America and El Salvador do. The difficulty adjustment has decreased to accommodate the transference of mining out of China and will increase when the move is completed. I’m keeping my $220,000 BTC price target for 2021.”

In other trending Bitcoin News today: PlanB Outlines ‘Worst Case Scenario’ for 2021 As Bitcoin and Crypto Markets Tumble! In August, PlanB says BTC will likely rise above $47,000. In September, he sees a shift lower, with BTC holding above $43,000.

In October, PlanB believes the market will begin a rapid ascent, hitting $63,000. He forecasts the rally will continue through the remainder of the year, with Bitcoin hitting a whopping $98,000 in November and $135,000 in December.

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🔥 Binance – Buy, Sell or Trade Over 400 Altcoins: ► http://binance.cryptonewsalerts.net

🔥 [IMPORTANT] – Secure your crypto with a Trezor or Ledger hardware wallet:

Trezor: ► http://trezor.cryptonewsalerts.net

Ledger: ► http://ledger.cryptonewsalerts.net

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://www.express.co.uk/finance/city/1452830/bitcoin-price-latest-news-BTC-live-china-shutdown-hash-rate-miners-flee-to-us-texas

https://cointelegraph.com/news/microstrategy-expands-company-s-bitcoin-holdings-with-489m-purchase

https://cointelegraph.com/news/bitcoin-bear-market-confirmed-analysts-at-odds-over-whales-btc-exchange-moves

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One of the best buy indicators in Bitcoin flashed this week, suggesting the BTC price is primed to explode.

The Hash Ribbons Indicator created by Charles Edwards uses the thirty-day and sixty-day moving averages of the Bitcoin hash rate to determine when miner capitulation has occurred, and uses this to estimate local BTC bottoms.

Hash ribbons serve as such an effective and historically accurate buy indicator for bitcoin because it uses the changes in bitcoin hash rate to measure miner capitulation in the bitcoin market.

In other trending Bitcoin News today: $400 Billion Hedge Fund Neuberger Berman Approved to Receive Access to Bitcoin and Ethereum!

The $400 billion investment management firm, Neuberger Berman, recently announced adding exposure to BTC and Ether derivatives and investment vehicles as part of the firm’s fund strategy.

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🔥 Binance – Buy, Sell or Trade Over 400 Altcoins: ► http://binance.cryptonewsalerts.net

🔥 [IMPORTANT] – Secure your crypto with a Trezor or Ledger hardware wallet:

Trezor: ► http://trezor.cryptonewsalerts.net

Ledger: ► http://ledger.cryptonewsalerts.net

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://bitcoinmagazine.com/markets/buy-indicator-shows-bitcoin-price-will-explode

https://bitcoinmagazine.com/culture/cubas-bitcoin-revolution

https://cryptopotato.com/400-billion-hedge-fund-neuberger-berman-approved-to-receive-access-to-bitcoin-and-ethereum/

https://cointelegraph.com/news/crypto-market-cap-returns-to-2t-for-the-first-time-since-may