BITCOIN PRICE ‘ON TRACK’ FOR $100,000, SAYS BLOOMBERG INTELLIGENCE REPORT!!!!!

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We can expect the Bitcoin price to shatter $100,000 on this ‘exact date’ according to one of the most controversial BTC analysts in Crypto.

Using the stock-to-flow model (S2F), which divides the amount of Bitcoin in circulation by the amount of BTC mined per year, PlanB believes BTC is set to be over $100,000 on August 16th, 2021. 

The high-profile crypto analyst retweeted a post from Dutch entrepreneur Marc van der Chijs on the viability and timing of the S2F model.

“Most people think this is impossible, but I have seen a 1,000% increase in less than a year at least twice before in BTC (2013 & 2017). S2F is holding up pretty well after the halving, if FOMO will start again, anything is possible.” 

PlanB was the first analyst to apply the S2F model to Bitcoin.

Although it has plenty of critics, predictions from the model have so far been highly accurate. 

Over the weekend, the quantitative analyst told his 123,000 Twitter followers that the stock-to-flow ratio continues to be in step with Bitcoin’s price action.

“3rd red dot (currently $11,850) above 2nd red dot (bitcoin July close $11,356) and above 1st red dot (June close $9,132)… next target: December 2017 ATH close $14,000.”

In other rending Bitcoin News today:

ANALYST: BITCOIN COULD SURGE TO $17,000 ONCE THIS CRUCIAL LEVEL IS BROKEN

Analysts are now closely watching to see how BTC continues responding to $12,000, as it has yet to catalyze any sharp selloff during this latest push higher. While speaking about Bitcoin’s near-term outlook, one analyst explained that in an optimistic scenario, the crypto’s price could push as high as $17,000.

That being said, he also notes that there are hurdles in the way, with $13,000 being the first region he is watching.

“Bitcoin: Given the significance of this level, I’m starting to think this is becoming a very likely scenario. However, a clear break and flip of $12K are continuations towards $13K and possibly $15-17K area.”

For this possibility to play out – or even come close to coming to fruition – it is imperative that Bitcoin breaks past $12,000 with decisive force.

EX-PRUDENTIAL CEO DOES A U-TURN: IT IS TIME TO BUY BITCOIN

In an interview with Fred Katayama of Reuters, Mr. Ball, who currently serves as the Chairman of the investment firm Sanders Morris Harris seemed to showcase a more positive stance towards Bitcoin.

Previously, George was a hater of the world’s top cryptocurrency and blockchain technology.

But now he thinks that Bitcoin makes for an attractive long-term investment. According to him:

“…it’s where many people will turn after Labor Day…” Ideally, as an investor, he would either want “to make a safe haven for my money or a short-term speculative bet.”

The ex-Prudential boss remarked that the current scenario in stock markets is boring, and the ‘liquidity flood’ is the only thing that’s keeping things afloat.

But that will soon end. Mr. Ball said that the continuous flurry of stimulus packages would eventually return to bite back the government, and added that: He thinks that ‘traders and investors should realign their portfolios substantially,’ and allocate sections of their portfolios to Bitcoin.

Why? Because BTC’s “…something that can’t be undermined by the government, and it won’t become worthless…” And that’s why wealthy traders and investors could probably turn to Bitcoin, as ‘there are no yields today.’

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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 #BITCOINGiven the significance of this level, I’m starting to think this is becoming a very likely scenario.

However, a clear break and flip of $12K are continuations towards $13K and possibly $15-17K area. pic.twitter.com/jSeAuyRhCp

— Crypto Michaël (@CryptoMichNL) August 15, 2020

No, $288k is the average in roughly mid2020-mid2024

— PlanB 🔴 🔴 🔴 (@100trillionUSD) August 17, 2020

Most people think this is impossible, but I have seen a 1000% increase in less than a year at least twice before in BTC (2013 & 2017). S2F is holding up pretty well after the halving, if FOMO will start again anything is possible. https://t.co/rOf63ud0zK

— Marc van der Chijs – new account (@marcvanderchijs) August 16, 2020

Analyst: Bitcoin Could Surge to $17,000 Once This Crucial Level is Broken

https://cryptopotato.com/ex-prudential-ceo-does-a-u-turn-it-is-time-to-buy-bitcoin/

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Popular Bitcoin pioneer Max Keiser shared his latest BTC price prediction on Twitter…

“Buffett’s rotation out of banks into GOLD – marks the end of all-fiat money experiment started in 1971 – marks the start of 3rd leg of Gold’s bull run started in 2000 – marks the top in bond market – marks the beginning of $USD crash – marks start of BTC to $400,000.”

In other trending Bitcoin News today:

Bitcoin Price Will ‘Explode’ Says Trader if BTC Breaches $13,000

Bitcoin (BTC) will “explode” in price once it hits $13,000, one trader believes as Bitcoin futures trade at 6% above spot price.

In a tweet on Aug. 18, the derivatives trader JSterz highlighted “extreme” Bitcoin futures spreads as a sign that an intensely strong bullish advance may soon arrive.

Currently, Bitcoin futures contracts expiring in March 2021 are priced 6% higher than the BTC/USD spot price at around $12,280.

“It seems extreme to see BTC-Mar21 trading 6% above spot,” JSterz summarized. 

“We have been at this level about four times since 2017. If BTC breaches 13k+ this thing is going to explode.”

Open interest for a basket of trading platforms hit new all-time highs on Monday, beating a previous record from mid-February, before March’s coronavirus-induced crash.

“Note the changes in market share of OI,” Ikigai fund manager Travis Kling commented, uploading an overview chart to Twitter.

“We’ve been talking about The Herd… coming for so long its become a meme. But without a doubt, this is actually The Herd and its wildly bullish.”

Institutional investment in Bitcoin remains a major topic of conversation among supporters this month, following a dramatic buy-in from multibillion-dollar MicroStrategy in late July.

Asset manager Grayscale has seen record investment in its various cryptocurrency funds, as Bitcoin outperforms gold as a fiat hedge.

On Monday, a sudden swing above $12,000 was assumed to be a red herring, but the higher levels have since held.

For John Bollinger, creator of the Bollinger Bands volatility indicator, there was now every reason to believe in the strength of the rally.

“I imagine that someone is complaining about the $BTCUSD rally. Not me, a picture perfect advance so far,” he tweeted at the time.

“Squeeze, confirmed break out, walk up the upper band, consol, support at middle band, mini-Squeeze, break to new highs. How much more could one ask for?!”

In other trending Bitcoin News today:

The New McAfee: Dave Portnoy Forgets About Bitcoin and Starts Shilling Low-Cap Altcoins To His 1.7M Followers

The poster child for legacy market day trading, Dave Portnoy, who recently met the Winklevoss Twins to discuss Bitcoin, is now well over it.

Apparently, his new passion lies within low-cap altcoins such as Orchid (OXT).

The cryptocurrency has a total market capitalization of less than $40 million.

Despite being relatively unknown in the space, Portnoy is supposedly investing in it.

Max Keiser tweeted,

“As predicted last week ADD victim Dave would forget about BTC within minutes and immediately become a shitcoiner. John McAfee came very close to being jailed for this ‘coin of the day’ scam. Might still be.”

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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:

Buffett’s rotation out of banks into $GOLD – marks the end of all-fiat money experiment started in 1971 – marks the start of 3rd leg of Gold’s bull run started in 2000– marks the top in bond market

– marks the beginning of $USD crash

– marks start of #BTC to $400,000

— Max Keiser (@maxkeiser) August 17, 2020

https://twitter.com/JSterz/status/1295415254193766400/

https://cryptopotato.com/the-new-mcafee-dave-portnoy-forgets-about-bitcoin-and-starts-shilling-low-cap-altcoins-to-his-1-7m-followers/

https://cointelegraph.com/news/bitcoin-price-will-explode-says-trader-if-btc-breaches-13-000

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A popular crypto trader and analyst says he plans to scale out of Bitcoin once BTC hits a certain level. 

Kaleo, a trader who has amassed a large following in the current market cycle, tells his 329,900 Twitter followers that Bitcoin will likely surge more than 520% from its current value of $34,658 by the end of the year.

“Still think it tops out w/ a nice wick around $185,000 – $215,000, but my goal isn’t to snipe the top.”

Amid his mega bullish outlook for the leading cryptocurrency, Kaleo says he will start selling once Bitcoin breaks below his price target.

“Basically, my game plan is to be uber bullish until Bitcoin breaks above $150,000. I’ll start exiting there and flip uber bearish when it breaks back below $150,000.”

In other trending Bitcoin News today: Bitcoin Supply Shock Now in Play, Says On-Chain Analyst Will Clemente!

Clemente tells his 129,500 Twitter followers that a supply-side crisis may be on the horizon as investors with strong hands, or with little history of selling, pounce onto BTC amid its downward price action.

“Bitcoin is now in heavy accumulation. Supply shock in play. There’s been a clear bull divergence in strong hand buying vs price, but check out that big spike printed last night. This force is pushing up against 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:

Basically my game plan is to be Uber bullish until Bitcoin breaks above $150K. I’ll start exiting there and flip Uber bearish when it breaks back below $150K.

— K A L E O (@CryptoKaleo) July 2, 2021

https://dailyhodl.com/2021/07/04/popular-analyst-unveils-year-end-target-for-bitcoin-says-hes-selling-once-btc-hits-this-level/

Bitcoin Supply Shock Now in Play, Says On-Chain Analyst Will Clemente

https://cointelegraph.com/news/an-even-bigger-mining-difficulty-drop-5-things-to-watch-in-bitcoin-this-week