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The Bitcoin price (BTC) has dropped by more than 25 percent in the past two weeks and is again flashing red, having hit a 3.5-month low earlier today and is on track to post the first quarterly loss of 2019.
Are Altcoins ready to explode?!
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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.
News Resources From Today’s Show:
https://www.ccn.com/bitcoin-price-7700-bloody-monday/
Bitcoin Price Eyes Quarterly Loss After Hitting 3.5-Month Low
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WARREN BUFFET WILL PANIC-BUY BITCOIN AT K SAYS MAX KEISER!! BTC IS TARGETING 8K STOCK-TO-FLOW!
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Bitcoin pioneer, Max Keiser has predicted that the Berkshire Hathaway CEO will panic-buy BTC at $50,000.
Warren Buffett has changed his mind about gold as an investment, prompting some people to think that he might do the same with Bitcoin.
It seems that the U.S. dollar is really losing its power.
As a matter a fact, if it’s to believe crypto enthusiast and analyst Max Keiser, the U.S. dollar is getting so weak that even Warren Buffett is getting out and Bitcoin (BTC) will see all-time highs.
In his latest prediction for macro, Keiser cautioned that safe havens would seriously outperform fiat.
He also implied that Warren Buffett well knew that this was coming. Keiser wrote:
“Buffett’s move into Japan, along with his gold investment, confirms he’s getting out of USD bigly. USD is trending lower today, about to break key support. Bitcoin – Gold – Silver Will all make new ATH in the near term.”
Bill Smead, chief investment officer at Smead Capital Management, which invests nearly 3% of its assets in Berkshire commented:
“The inflation cocktail is being mixed and Buffett is migrating his investment to where you can create value through inflation. These are companies that will make more money if the price of oil [or] any input goes up.”
Buffett, however, is famous for his so-called macro moves, even though he stays as a loyal BTC skeptic.
Last week, the so-called “Buffett Indicator” cautioned about a stock market crash, even as large-cap stocks went on rising.
Before that, Anthony Pompliano, co-founder of Morgan Creek Digital, publicly bet that Buffett will eventually decide to buy a Bitcoin after he revealed his move into gold.
At the time, Keiser claimed that the gold frenzy alone could boost investors, helping push the Bitcoin price to $50,000.
In February this year, Warren Buffett dismissed Bitcoin and other cryptocurrencies as worthless by saying:
“Cryptocurrencies basically have no value. They don’t produce anything. You can’t do anything with it except sell it to somebody else. But then that person’s got the problem.”
“I don’t own any cryptocurrency,” he said. “I never will,” and added that none of Berkshire’s businesses uses Bitcoin, and highlighted its frequent usage for illicit purposes.
“Bitcoin has been used to move around a fair amount of money illegally,” Buffett said going on joking on Bitcoin’s “economic contribution” to society might be reducing demand for suitcases.
In other trending Bitcoin News today:
Bitcoin is targeting $288K Stock-to-Flow Price ‘Like Clockwork’ – PlanB
Bitcoin (BTC) is heading to $288,000 and higher “like clockwork” as fiat currency woes mount and European inflation goes negative.
In a tweet on Sept. 1, PlanB, creator of the stock-to-flow (S2F) family of Bitcoin price models, said that BTC/USD had performed exactly as expected in August.
Listing the monthly closing price since May’s block subsidy halving, PlanB noted that each corresponded to the predictions of his S2F cross-asset model.
“Bitcoin… like clockwork,” he summarized. Bitcoin has now put in its fourth so-called “red dot” on the S2F chart since May.
According to performance after the previous two halvings, that leaves just months before a major price surge ensues.
According to S2FX, the current halving cycle, which like the others lasts four years, should produce a Bitcoin price focal point of $288,000.
The top, PlanB previously explained, could be more than double that.
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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 move into Japan, along with his $GOLD investment, confirms he’s getting out of $USD BIGLY $USD is trending lower today, about to break key support #Bitcoin – Gold – Silver
Will all make new ATH in the near term
— Max Keiser (@maxkeiser) August 31, 2020
https://cointelegraph.com/news/bitcoin-is-targeting-288k-stock-to-flow-price-like-clockwork-planb
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4,300% ETHEREUM RALLY WITH ETH 2.0 LAUNCH?! | Bitcoin (BTC) Will Jump 15% to ,500 in Coming Weeks
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A popular crypto analyst says he expects the value of Ethereum, the world’s leading smart-contract blockchain, to skyrocket by over 4,300% from its current price of $225.
Bitcoin Macro gave his fearless forecast after being asked by one of his followers to provide his year-end prediction for the coin, saying ETH may climb to $10,000 in a new bull cycle.
Ethereum developers say they’re making strides behind the scenes. In a recent Ask Me Anything session on Reddit, developers working on ETH 2.0 say that they’re hoping to launch “phase 0” of Ethereum 2.0 by July 2020.
Researcher Danny Ryan writes,
“Phase 0 will certainly launch in 2020. Audits are out and testnets are getting stronger every week. I don’t see a reality in which Phase 0 does not launch in 2020.”
Ethereum 2.0 is the next major upgrade of the second-largest cryptocurrency.
It promises key improvements such as increased transaction throughput and the implementation of a proof-of-stake model that allows holders of ETH to earn rewards in return for powering the network.
In other BTC news today, new simple analysis says the Bitcoin price will jump 15% to $11,500 in coming weeks.
In the recent edition of the Decentrader newsletter, author and cryptocurrency trader Filb Filb drew attention to the $9,550 level for Bitcoin (BTC), which shows that this price point has always been an inflection point for the market.
More specifically, when the BTC price passed above $9,550, the leading crypto asset gained even more strength, and when prices failed to break this level, rallies quickly turned into bearish reversals.
With this in mind, he wrote that if Bitcoin can close the weekly candle above $9,550, which BTC is currently far above, it could “make its way to $11,500 quickly.”
This would represent a 15% rally from current levels over the next few weeks.
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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
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BITCOIN PRICE IS UP 32% THIS MONTH – ON TRACK FOR 2,000 YEAR-END? | BTC Prediction 2020
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As Jan. 2020 comes to a close, the Bitcoin price is up 32% this month.
As one analyst points out, if this continues every month, the BTC price will reach $152,000 by the end of the year.
In a tweet that garnered thousands of likes and replies yesterday, Bitcoin (BTC) analyst and developer Crypto₿ull pointed out that Bitcoin is up 32% this month. He added:
“Bitcoin is up 32% this month. If we go up 32% every month this year we will be at $152,000 in December.”
That’s a pretty eye-opening BTC prediction 2020 thought. Of course, there’s absolutely no guarantee that BTC will repeat its January success every month this year.
And of course, he received several replies pointing out that 32% a month was “unrealistic” and that “Nothing goes up in a straight line.”
However, Crypto₿ull added that for those who thought that 32% a month sounded like “madness,” they just needed to look back at 2017.
“To those of you who think 32% monthly sounds like madness. 2017 opened at $960. It reached as high as $19,666 in Dec. That equals an average of 32% every month. Bitcoin gains are the definition of madness.”
In other Bitcoin news today…
An analyst who predicted Bitcoin’s $3,000 2018 bottom expects this next bull run to break a minimum of $14,000 highs.
“took a much needed couple days off to clear the head from a macro POV we can see a very clear 5 wave rise from the 6k lows breaking key down trend. considering the rise from the 2018 lows was also 5 waves we would expect this next bull run to at minimum break the 14k highs”
His Elliot Wave analysis suggests that Bitcoin has a high likelihood of breaking $14,000 — 48% above the current price point of $9,400 — by the middle of 2020, likely around or just after the time of the block reward reduction in May 2020.
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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:
To those of you who think 32% monthly sounds like madness.2017 opened at $960. It reached as high as $19,666 in Dec.That equals an average of 32% every month.
Bitcoin gains are the definition of madness.
— Crypto₿ull (@CryptoBull) January 30, 2020
took a much needed couple days off to clear the head.from a macro POV we can see a very clear 5 wave rise from the 6k lows breaking key down trend.
considering the rise from the 2018 lows was also 5 waves we would expect this next bull run to at minimum break the 14k highs 🐂 pic.twitter.com/KtadWBqBoX
— 🍄🌲Benjamin Blunts🌲🍄 (@SmartContracter) January 31, 2020
Bitcoin Is Up 32% This Month – On Track for $152,000 Year-End?
Analyst Who Predicted Bitcoin’s $3,000 2018 Bottom Says This is Next
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