BITCOIN PRICE MAY JUST HIT ,000 IN 20 DAYS | 4 Signs Show BTC Bull Rally is Growing More Likely – Crypto News Alerts | Daily Bitcoin (BTC) and Cryptocurrency News

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‘Bitcoin (BTC) may hit $20,000 any time’

Many have been expecting the Bitcoin price to go through the roof at any moment due to the recent global economic crisis caused by the COVID-19 outbreak in China’s Wuhan.

Lockdowns emerged in the majority of countries in Europe, China and the US, prompting governments to take steps to stimulate the economy via quantitative easing to support businesses and ordinary citizens.

All of that led to an oil price collapse below zero on Monday.

In these conditions, bullish expectations towards the approaching Bitcoin halving have increased.

Trader Carl Eric Martin, also known as the Moon Carl, has tweeted his rising bullish take on the prospects of the Bitcoin price in the current economic chaos that has been spreading around the world.

The situation is unpredictable for any assets now. As an example, he refers to the crude oil futures price suddenly dropping below zero.

The trader believes that with the approaching halving, Bitcoin could easily surge to $20,000 in one week.

Trader and analyst Christopher Jaszczynski seconds his forecast, emphasizing that $20,000 is a realistic price for Bitcoin to reach in the current fundamental setup.

“If i asked you 1 week ago what is most likely: Oil going into negative price in 1 week? Or Bitcoin going to $20,000 in 1 week? Everything is possible in times like these. Be prepared for anything after the Bitcoin halving in 20 days!”

Earlier, the same trader took to Twitter to share a textbook Bump and Run Reversal Bottom pattern for Bitcoin, which would allow it to hit $10,500 soon.

Gabor Gurbacs, the digital currency strategist at VanEck, has shared his growing bullish attitude towards BTC.

He says that despite the fact that a few weeks ago financial markets did not take Bitcoin seriously, under the current impact of the pandemic, fragile economy and oil price, Bitcoin seems to be making “more sense than most markets.”

“A few weeks ago financial markets kept dismissing Bitcoin as nonsense. In a short few weeks, after trillions in QE, 22 million newly unemployed, massive bailouts, UBI checks, negative treasury rates and negative oil prices, Bitcoin seems to make more sense than most markets.”

Touching on the subject of millions of people losing their jobs in the US alone, Gurbacs states that Bitcoin is capable of helping people solve this problem as well. In other trending Bitcoin news today:

THESE 4 FUNDAMENTAL SIGNS SHOW A BITCOIN BULL RALLY IS GROWING MORE LIKELY

As observed by crypto exchange ShakePay, despite “the most significant economic collapse of the 21st century,” Bitcoin hasn’t been fazed.

Per Coin Metrics, the number of active addresses on the network is reaching a multi-month high, recently surmounting the sum of 840,000 addresses.

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

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

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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 i asked you 1 week ago what is most likely:Oil going into negative price in 1 week?Or Bitcoin going to $20,000 in 1 week?

Everything is possible in times like these. Be prepared for anything after the #Bitcoin halving in 20 days!

— The Moon (@TheMoonCarl) April 22, 2020

OIL KEEPS FALLING!!JUNE CONTRACTS DOWN 47% and trending straight to sub $0 levels againNegative rates, negative oil, negative yield – the economy has gone mad!! Everything is inverted

Luckily we have Plan B – #Bitcoin 🙏

— Ivan on Tech (@IvanOnTech) April 21, 2020

A few weeks ago financial markets kept dismissing #Bitcoin as nonsense. In a short few weeks, after trillions in QE, 22 million newly unemployed, massive bailouts, UBI checks, negative treasury rates and negative oil prices, #Bitcoin seems to make more sense than most markets.

— Gabor Gurbacs (@gaborgurbacs) April 21, 2020

Active Bitcoin addresses are looking like a 🚀🚀🚀 this week.

Not only is the Bitcoin network growing, it’s growing amidst the most significant economic collapse of the 21st century. pic.twitter.com/PkEVVSdyqw

— Shakepay – Buy/Sell Bitcoin 🇨🇦 (@shakepay) April 21, 2020

These 4 Fundamental Signs Show a Bitcoin Bull Rally is Growing More Likely

https://u.today/bitcoin-btc-may-just-hit-20000-in-20-days-be-prepared-for-anything

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Massive Bitcoin (BTC) Rally Will Set Our Hair on Fire | Chainlink Surges 39.5% to New All-Time High

By admin — 3 years ago

➡️ Tap into OPM (Other People’s Money): http://opm.cryptonewsalerts.net

A group of Bitcoin influencers is offering their take on the BTC future, as well as the future of the global macro economy as Chainlink (LINK) soars to new all-time highs.

In a new episode of What Bitcoin Did podcast, Nic Carter, Tuur Demeester, Robert Breedlove and Alex Leishman agree that a widespread economic shift is brewing around the world, which will ultimately benefit BTC.

Carter, a partner at Castle Island Ventures, says he thinks a cascade of currency failures is coming over the next two years.

“What I think is likely to happen in the next 24 months is a wave of sovereign currency failures similar to the Asian financial crisis in the late ’90s, similar to the post Soviet Union, when a lot of sovereign currencies failed. You see it at times of dollar strength. You see it at times of global dislocation. It’s regional. It’s contagious. We’ve begun to see some distress in some sovereign currencies when there’s a lot of debt.

The world is very indebted in emerging markets and unfortunately, I think it’s going to immiserate tens or hundreds of millions of people. And for some of those people, they will be able to use crypto financial rails to exit their sovereign local currency and they can go to Bitcoin. They can go to the US dollar. There are stablecoins on these rails. So I think this is going to be a big story for the next year.”

Adamant Capital founder Tuur Demeester says increasing debt will cripple economies five to ten years in the future.

As for Bitcoin, he says traders need to prepare for another massive rally that will set everyone’s hair on fire.

“I think Bitcoin is a self-directed insurance policy. There’s a unique opportunity to get some exposure to that and there’s so much said about crypto and to me, the essence is just buy a little bit, start with that and then make a plan about storage, how you’re going to store it.

And also think ahead, like are you going to diversify that storage. The first time you buy, you store it in one place, but then I think it’s a good idea to think about storing it in different places. Because there is no FDIC. It’s not insured. If you lose your keys or if a company goes bust, it’s game over and you have to re-buy your Bitcoin. So think about that.

Also, make a plan for the price. Bitcoin prices, Bitcoin rallies are nothing like you’ve ever seen. Prices go up 10x, 100x in short periods of time. So you want to think beforehand about what you’re going to do when that happens.

Also, think about tax consequences. If you have a plan about selling, make sure you know the tax consequences of what you’re doing. Because a lot of people got burned in 2017.”

In other trending Bitcoin News today:

Chainlink (LINK) Surges 39.5% to a New All-Time High – Here’s Why

Today the price of Chainlink (LINK) soared by more than 34% to reach a new all-time high at $8.48 and also notch a market capitalization of $2.5 billion.

Three key factors that likely pushed the price of LINK to a new record high were: high-profile partnerships, price discovery, and the strong momentum that currently drives the altcoin market.

On July 6, the price of LINK surpassed its previous record high at $5.31 and officially entered a price discovery phase, which typically leads to a “fear of missing out” rally among investors.

Once price discovery occurs and the asset begins to rally to a new peak, the probability of an extended uptrend rises.

Within seven days of LINK recording a new historic high, its price rallied by more than 40% from $5.31 to $8.48.

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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/crypto-winter-could-really-be-over-as-new-bitcoin-starts-to-bloom

https://cointelegraph.com/news/chainlink-link-surges-395-to-a-new-all-time-high-heres-why

https://dailyhodl.com/2020/07/13/tuur-demeester-says-massive-bitcoin-rally-will-set-our-hair-on-fire-as-crypto-leaders-predict-future-of-btc/

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SERIOUS WARNING ISSUED OVER 0K BITCOIN PRICE MODEL!! BTC SHATTERS 1 MILLION ACTIVE ADDRESSES!!

By admin — 3 years ago

➡️ Leverage OPM (Other People’s Money): http://opm.cryptonewsalerts.net

Bitcoin is on track to be one of the year’s best performing assets, despite a recent retraction – but that’s not stopped BTC bulls from fighting on Twitter.

The Bitcoin price has climbed through much of 2020, adding some 40%, with the bullish stock-to-flow model – that predicts a massive $288,000 BTC price before 2024 – working “like clockwork,” according to its anonymous creator.

However, a number of high-profile bitcoin analysts and entrepreneurs have clashed over the stock-to-flow model this last week, with the anonymous PlanB accusing his critics of trying to unmask him and his model derided as “absolutely useless.”

“The [stock-to-flow] model is based on the most fundamental errors which render it absolutely useless,” warned Alex Kruger, an economist and cryptocurrency analyst, speaking over the phone.

The stock-to-flow pricing model, created by anonymous Twitter user PlanB, who claims to be a Dutch institutional investor with a legal and quantitative finance background that manages around $100 billion in assets and tweets from the handle @100trillionUSD, calculates a ratio based on the existing supply of an asset against how much is entering circulation.

Kruger, along with many other analysts in recent months, has warned the model is based on faulty comparisons and a “spurious relationship” between price and scarcity.

“The whole model rests on the wrong assumption that there is cointegration between price and scarcity,” Kruger said, who explained that without cointegration it’s “nonsensical to think that bitcoin stock-to-flow, a number that goes up programmatically, and everybody knows what it will be at any point in time, can be used to predict price.”

Criticism of the stock-to-flow model and its creator have bubbled up recently, with the chief executive of bitcoin buying app Swan Bitcoin, Cory Klippsten, posting what PlanB considered to be identifying information on Twitter before deleting it and saying he was “wrong to post any personal information” about PlanB and adding anonymous bitcoin users “should have the right” to stay anonymous.

“It’s extremely important to be bullish for the right reasons,” Klippsten said via Twitter, explaining his opposition to the popularization of the stock-to-flow model.

“Otherwise you’ll have weak hands when your belief is proven false.” Klippsten, speaking via Telegram, said he supported the stock-to-flow pricing model until just a few months ago when he “looked into the models and realized they’re invalid” and “have zero predictive power.”

According to PlanB, who has disputed the information posted by Klippsten, the stock-to-flow pricing model shows bitcoin will reach $288,000 before the next bitcoin halving in 2024.

PlanB has also argued that assets that have a high stock-to-flow have a high value, pointing to gold, silver, diamonds and real estate in a chart posted to Twitter.

In other trending Bitcoin News today:

Bitcoin Active Addresses Shatters 1,000,000! Bitcoin’s fundamentals continue to show signs of strength.

According to the on-chain data provider Coin Metrics, the number of BTC active addresses has soared to a level not seen in over two years.

“Bitcoin doesn’t have to be complicated. The supply is capped and the number of users has been growing exponentially this whole time.”

Analysts use the active addresses metric to measure the rate of a crypto asset’s adoption.

The metric refers to the number of unique addresses that are active on the network as a sender or receiver of the crypto token.

On September 25th, the number of BTC active addresses skyrocketed to 1.14 million – the highest level since the 2017 bull 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:

blocked: noise control

— PlanB (@100trillionUSD) September 28, 2020

OK, by Dec 2021 we will know then: S2F>$100k, Dave

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BITCOIN MAY SURGE UP TO 0K BEFORE MACRO AUTHORITIES CARE!! BTC TO HIT 0K BY 2022: TIM DRAPER

By admin — 3 years ago

➡️ Leverage OPM (Other People’s Money): http://opm.cryptonewsalerts.net

The Bitcoin price will hit $250,000 by 2022 according to legendary billionaire venture capitalist Tim Draper who was the first to go on the record with his quarter million dollar BTC price prediction.

There have been many fears over recent years that central banks and other authorities will target Bitcoin as they may see it as a threat to traditional financial infrastructure.

According to Dan Tapiero, though, these fears are unfounded for the time being. Dan Tapiero is the co-founder of DTAP Capital, Gold Bullion Int., amongst other firms.

He has been closely following Bitcoin for a while now, being one of the first macro voices to enter the space.

He recently commented that until Bitcoin hits $250,000, or a market capitalization of around $5 trillion, it may not have relevance on a macro scale:

“$200 billion too small to matter for macro authorities. Gold is $12 trillion and no one really cares. Bitcoin has clearance up to at least 250k. 25x before big boy global macro authorities start caring that it exists.”

His contemporary Raoul Pal, a former Goldman Sachs head of hedge fund sales and Real Vision CEO, recently commented that Bitcoin is “irrelevant on a global asset scale.”

“Yeah, 100% agree. It’s currently irrelevant on a global asset scale. As you say, even a $10trn doesn’t concern most central banks. The FX market trades half that in a day. DTCC clears and settles something over a quadrillion in a year.”

It’s worth noting that both of the investors are extremely bullish on Bitcoin.

Both believe that the leading cryptocurrency will undergo an exponential rally this market cycle that will take it above $100,000 and beyond.

Tapiero’s and Pal’s point that Bitcoin currently isn’t relevant on a macro scale has been echoed by Tom Lee of Fundstrat Global Advisors.

Lee said at a conference in Singapore in 2018 that before a Bitcoin ETF should be approved by the U.S. Securities and Exchange Commission, it should trade at $150,000 or more.

Bloomberg wrote on his comment:

“If you’re involved in crypto, the SEC can look like an obstacle,” Lee said.

“They’re establishing protections for individuals and right now it’s not convenient for the industry, but if the SEC is someone that people trust” to protect them, “that’s how you get the mainstream willing to get involved in cpypto.”

In other trending Bitcoin News today:

Former Goldman Sachs Exec Says Bitcoin ETF Will Be Approved, Bringing Billions Into Crypto Market

Raoul Pal, former Goldman Sachs exec and hedge fund manager, says that Bitcoin is offering a rare opportunity for retail investors to get out and invest in the next big thing before institutional investors.

In a YouTube interview with Jerry Hall, Pal says that a proper Bitcoin exchange traded fund (ETF) will be the catalyst that brings billions of dollars into BTC and exponentially expands the market capitalization of the largest cryptocurrency.

“You’re allowed to front-run in Bitcoin, and I’m going to give you the biggest front-running opportunity of your life: they will get an ETF across the line. There will be billions of dollars that pour into it. Every pension plan will allocate some money to it. Every family office will allocate some money to it. And the more the price goes up, the more they will allocate because the larger the market cap of Bitcoin is… This is an opportunity for retail to front-run the institutions for once as opposed to Goldman Sachs front running us.”

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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:

Analysts: Bitcoin May Surge Up to $250,000 Before Macro Authorities Care

The Last Time Bitcoin Formed This Signal, It Surged $2,500

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BITCOIN PRICE MAY JUST HIT ,000 IN 20 DAYS | 4 Signs Show BTC Bull Rally is Growing More Likely

‘Bitcoin (BTC) may hit $20,000 any time’

THESE 4 FUNDAMENTAL SIGNS SHOW A BITCOIN BULL RALLY IS GROWING MORE LIKELY

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BITCOIN PRICE MAY JUST HIT ,000 IN 20 DAYS | 4 Signs Show BTC Bull Rally is Growing More Likely

‘Bitcoin (BTC) may hit $20,000 any time’

THESE 4 FUNDAMENTAL SIGNS SHOW A BITCOIN BULL RALLY IS GROWING MORE LIKELY

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Massive Bitcoin (BTC) Rally Will Set Our Hair on Fire | Chainlink Surges 39.5% to New All-Time High

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SERIOUS WARNING ISSUED OVER 0K BITCOIN PRICE MODEL!! BTC SHATTERS 1 MILLION ACTIVE ADDRESSES!!

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

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