BITCOIN PRICE REACHING BITCOIN PRICE REACHING $1,000,000 ‘DOESN’T SOUND CRAZY’ | BTC Tumbles, Altcoins in Deep Red,000,000 ‘DOESN'T SOUND CRAZY’ | BTC Tumbles, Altcoins in Deep Red – Crypto News Alerts | Daily Bitcoin (BTC) and Cryptocurrency News

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Shark Tank host Robert Herjavec is certain that BTC is a good buy at the current Bitcoin price.

The Canadian businessman who’s known as the host of the hit TV show ‘Shark Tank,’ is a ‘big believer’ in Bitcoin (BTC) and electronic payments in the future, unlike his fellow host Mark Cuban.

When asked about analysts who say that the BTC price could reach $100,000 or even $1 million during his recent Kitco interview, Herjavec said that it didn’t sound crazy to him on a long-term basis.

Herjavec says that one of the main challenges for Bitcoin is the existence of multiple forks.

“There is no one Bitcoin. There are different types of Bitcoin, and I think it’s a bit of a fragmented industry.”

There are currently three different versions of Bitcoin in the top 10, which signifies how divided the community is.

However, the original Bitcoin still blows out of the water its forked versions given that it is responsible for almost 64 percent of the total market cap.

Bitcoin Tumbles, Altcoins in Deep Red – Here’s Where BTC, ETH and XRP Will Land, According to Top Crypto Analysts

As Bitcoin continues to slide toward $9,000, crypto analysts are trying to gauge when the bleeding will stop.

Now that BTC has firmly slipped below $9,300, analyst Josh Rager says he thinks the leading cryptocurrency will continue to head south to support at around $8,600.

Meanwhile, Scott Melker of Texas West Capital says Bitcoin bulls need to protect the $9,090 level to avoid a larger move to the downside.

“The next support for me is still THE LINE at $9,090. For now, price bounced there to the dollar. Now let’s see if it holds.”

Fellow analyst Filbfilb tells his followers on Telegram that he believes BTC will likely hit a bottom at around $8,800, which is the current 200-day moving average on TradingView.

“Downside targets the 200-day moving average, 20-week moving average, and 50-week moving average seem good for a bounce, but the 200-day moving average is never really lost in a bull run, so losing that could be more of a significant issue. Nevertheless, I’m looking for longs down there.”

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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:

I spoke to @jchatterleyCNN this AM.Explained why Warren Buffett isn’t a great person to listen to on technology and why Bitcoin’s monetary policy is superior to fiat monetary policy.If this video gets 500,000 views, Julia will bring on more Bitcoiners.

You know what to do 🙏🏽 pic.twitter.com/lEcyQkbG6w

— Pomp 🌪 (@APompliano) February 25, 2020

$ETH vs USD update>Tapped in to $275-280 resistance>At diagonal support>If lost, I expect a heavy sell-off>$241 first support

>$208-211 remains valid if $241 is lost pic.twitter.com/Rmu2o59Gra

— //Bitcoin 𝕵ack (@BTC_JackSparrow) February 25, 2020

From this morning’s edition of The Wolf Den…”The next support for me is still THE LINE at $9,090…” For now, price bounced there to the dollar.Now let’s see if it holds.

To read my top to bottom analysis on $BTC (and much more), join below. https://t.co/ccjxa38HLr

— The Wolf Of All Streets (@scottmelker) February 26, 2020

There’s the break and bounce off the high volume node for $BTCI don’t expect a trend reversal back up, instead can suspect for this to continue down with more retests of $9300

If that area breaks, IMO we head to $8600 to $8700 pic.twitter.com/T37xGrHdOP

— Josh Rager 📈 (@Josh_Rager) February 25, 2020

https://cointelegraph.com/news/anthony-pompliano-speaks-to-cnn-about-warren-buffett-and-bitcoin

https://u.today/bitcoin-btc-price-reaching-1000000-doesnt-sound-crazy-to-shark-tanks-robert-herjavec

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BITCOIN (BTC) RALLIED 6,400% LAST TIME IT MADE THIS FORMATION, AND IT’S BACK AGAIN | Altcoin Rally

By admin — 3 years ago

➡️ TEEKA TIWARI – Investment of the Decade: http://2020.cryptonewsalerts.net

Bitcoin isn’t even past $10,000 — let alone the latest all-time high of $20,000 — but analysts are already craving the crypto market’s next parabolic bull rally.

While this rally has yet to arrive, a prominent cryptocurrency chartist has indicated that it’s close.

He pointed to a crucial and rare technical formation that marked the start of Bitcoin’s last macro bull trend, which brought the BTC price from $200 to $20,000.

Depending on what chart you look at, today or within the next few days, Bitcoin will print what is known in technical analysis as a “golden cross.”

Investopedia describes a golden cross as a “candlestick pattern that is a bullish signal in which a relatively short-term moving average crosses above a long-term moving average.”

In BTC’s case, the 50-day simple moving average will cross above the 200-day simple moving average for the second time this year.

This golden cross is bullish in and of itself: golden crosses, as I analyzed, have historically led to massive gains for Bitcoin.

Yet the exact context the cross is taking place could signal even greater gains are in the works.

Analyst Nunya Bizniz recently shared the two charts below with the following comment, indicating that the last time Bitcoin’s 50 and 200-day moving averages looked as they do now, the cryptocurrency rallied 6,400%:

“Bitcoin daily chart: for the first time during the 2015 lows, there was a golden cross, death cross, golden cross sequence that occurred all within the span of about 100 days. Price then rallied 6,400%. For the 2nd time at 2020 lows, this sequence has agains occurred within about 100 days.”

It isn’t only this technical formation suggesting Bitcoin has another period of dramatic growth on its horizon.

Tuur Demeester — founding partner of Adamant Capital, a Bitcoin alpha hedge fund — recently shared that he thinks BTC is ready to rally towards the $50,000-100,000 range.

Such high prices may seem like a quixotic dream, sure, but according to the long-time industry analyst, a five-figure and six-figure BTC making more and more sense due to fundamentals.

Demeester specifically cited the ongoing macroeconomic environment as a way to back his prediction, zeroing in on the money printing by governments and central banks alike:

“I think a price target of like $50,000 is not insane at all, especially given just how crazy the money printing is. I would even say between $50,000-$100,000.”

In other trending Bitcoin News today:

Ethereum, Litecoin, Chainlink and 4 More Altcoins Poised for Major Rallies in New Market Cycle, Says Crypto Analyst DataDash

Crypto strategist Nicholas Merten is naming seven altcoins that he believes are in a good position to surge in a new bull market cycle.

On the latest episode of DataDash, the crypto analyst examines when the altcoin market may begin to turn around.

“What it looks like [Bitcoin is] doing is possibly coming up here to around $11,000, breaking out of this very long-term wedge, breaking out above resistance, and making it support for the next coming months. If [Bitcoin] can do this and start to trigger the next cycle, this is actually very good news for altcoins.”

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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 daily:For the 1st time during the 2015 lows there was a GC-DC-GC sequence that occurred all within the span of about 100 days.Price then rallied 6,400%.For the 2nd time at 2020 lows this GC-DC-GC pattern has again occurred within about 100 days.

Price will ……………? pic.twitter.com/8i4V1EjQiY

— Nunya Bizniz (@Pladizow) May 18, 2020

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MAX KEISER: ,000 Bitcoin Price in Play Before a Pullback – Then BTC is Heading to 6-Figures!!

By admin — 3 years ago

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Bitcoin pioneer Max Keiser says, “BTC will reach $100,000 and destroy anyone who gets in its way.

In a recent tweet who told his 230,000 followers:

“$28,000 is in play before we see a pullback – and then we’re heading to 6-figures”

Here are some more Max Keiser Bitcoin price predictions:

“All of these projects will be eviscerated,” Max says, adding “Now, bitcoin is going to make its move.”

He explains that bitcoin has been playing cat and mouse with these other projects to see who’s right and who’s wrong.

“It’s going to go up to $100,000 per coin but it’s going to destroy everyone who gets in its way. So, all these altcoin posers and government subsidy-welfare bums will be eviscerated by the one true bitcoin. It’s about time…” says Max.

We also have full-time futures trader Adam Mancini taking note of Bitcoin’s latest exploits.

He predicts that BTC will print a new all-time high of $24,000 in only six months.

Mancini tells his nearly 60,000 Twitter followers that the crypto king is poised to end its three-year-long consolidation and follow gold’s lead.

“Bitcoin BTCUSD is setting up for a move – likely to follow in GOLD‘s footsteps. We’re coiling into a multi-year triangle, and these don’t resolve with small moves. Given the trend entering this pattern was up, this should resolve the same way with 15k then 24k targets.”

Mancini’s forecast comes as Bitcoin breaks psychological resistance at $10,000, reaching $10,824 at time of publishing according to CoinMarketCap.

While the top cryptocurrency has struggled to take out that level throughout the year, Glassnode suggests that BTC’s latest trip above five figures may be different.

The crypto analytics platform says its coin days destroyed metric, which looks at the value of each Bitcoin transaction while giving weight to the number of days since the coins were last moved, remained flat as BTC rallied above $10,000 over the weekend, indicating that HODLers are not taking the opportunity to sell their crypto.

“In contrast to the last two times BTC hit $10,000 USD, we haven’t seen an increase in Bitcoin Days Destroyed today.”

In other trending Bitcoin News today:

Top Analyst Tone Vays Says Rapid Bitcoin (BTC) Rise to New All-Time Highs Likely If Crypto King Overcomes One Final Hurdle

Veteran crypto strategist Tone Vays says Bitcoin may be en route to printing a new all-time high, after its sudden rise above $11,000.

But first, it must flash one more bullish technical signal.

The analyst says Bitcoin’s rising market dominance suggests the crypto king is poised to launch a sustained uptrend, which is different from the parabolic rally that ended quickly in 2019.

“So as long as this trend continues, I will be very bullish on Bitcoin. I think Bitcoin will have a pullback back to $10,000. After that, it can take off to a new all-time high quickly, just like gold. I’m still bullish on Bitcoin very much. I’m not touching my HODL position. I was selling my HODL position in 2019 to pre-pay bills because I did not trust that rally to $14,000.

I trust this rally to go way higher. I’m way more bullish now than I was in early 2019.” In order for Bitcoin bulls to dominate the market, Vays says must hold above a crucial line at $10,000.

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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 $BTCUSD is setting up for a move – likely to follow in $GOLD‘s footsteps. We’re coiling into a multi-year triangle, and these don’t resolve with small moves. Given the trend entering this pattern was up, this should resolve the same way with 15k then 24k targets pic.twitter.com/9rRFm75PPp

— Adam Mancini (@AdamMancini4) July 26, 2020

https://www.rt.com/business/494236-bitcoin-will-destroy-everyone/

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Bitcoin: 3 Reasons Market Strategist Is ‘Increasingly Bullish’ | Institutional Demand For BTC Soars

By admin — 3 years ago

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

Strategist Lyn Alden said she switched from “uninterested to quite bullish on Bitcoin” in 2020.

Following the drop of BTC to sub-$3,600 in March, she remains optimistic on the top cryptocurrency.

Alden, who found Lyn Alden Investment Strategy, wrote:

“So, I’m neither a perma-bull on Bitcoin at any price, or someone that dismisses it outright. As an investor in many asset classes, these are the three main reasons I switched from uninterested to quite bullish on Bitcoin early this year, and remain so today.”

The three reasons Alden laid out are scarcity, halving, and the potential of Bitcoin to act as a backdrop to inflation.

Reason# 1: Scarcity of Bitcoin

Unlike traditional financial assets, even gold, the supply of Bitcoin is fixed.

No more than 21 million BTC can ever exist, which makes Bitcoin a deflationary currency.

Scarcity could give Bitcoin value, Alden explains in her paper.

There are no central entities that could alter the monetary policy of BTC.

If the demand for Bitcoin continues to increase and its supply remains the same, it could push the value upwards.

She explained:

“Bitcoin’s protocol limits it to 21 million coins in total, which gives it scarcity, and therefore potentially gives it value… if there is demand for it.”

Reason #2: The May 11 halving

On May 11, the Bitcoin blockchain network underwent its third block reward halving.

Approximately every four years, a halving gets activated, slowing down the production of BTC by half.

The purpose of a halving is to decrease the rate of BTC production gradually as Bitcoin approaches its maximum supply of 21 million.

A halving cuts block rewards miners receive by half, leading to a massive decline of miner revenues for a brief period.

Following every halving, Bitcoin historically saw extended price rallies.

The previous halvings occurred in 2012 and 2016.

At the time, BTC was hovering at $11 and $650 in 2012 and 2016 respectively.

Now, BTC remains above $9,000, after reaching a record high at $20,000 in December 2017.

Alden wrote:

“Bitcoin has historically performed extremely well during the 12-18 months after launch and after the first two halvings. The reduction in new supply or flow of coins, in the face of constant or growing demand for coins, unsurprisingly tends to push the price up.”

Reason #3: Backdrop of heightened levels of inflation

In May 2020, billionaire hedge fund investor Paul Tudor Jones praised Bitcoin and described it as “great speculation.”

Tudor Jones said he holds just over 1% of his net worth in Bitcoin.

He explained that the potential devaluation of cash strengthens the value proposition of BTC.

He said:

“Every day that goes by that bitcoin survives, the trust in it will go up.”

Similarly, Alden said that other hedge funds have been investing or experimenting with Bitcoin as of late.

“Smaller hedge funds have already been dabbling in Bitcoin, and Tudor Jones may be the largest investor to date to get into it. There are now firms that have services directed at getting institutional investors on board with Bitcoin, whether they be hedge funds, pensions, family offices, or RIA Firms.”

In other trending Bitcoin News today:

Institutional Demand For Bitcoin Soars As Grayscale Reveals Record-Breaking Near $1 Billion Quarter

New York-based Grayscale, which allows accredited investors to buy bitcoin and other major cryptocurrencies through its funds, recorded inflows of $905.8 million for its second quarter—nearly double the previous quarterly high of $503.7 million in the first three months of this year.

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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://www.forbes.com/sites/billybambrough/2020/07/16/institutional-demand-for-bitcoin-soars-as-grayscale-reveals-record-breaking-near-1-billion-quarter/#7f0b39e61f57

https://cointelegraph.com/news/bitcoin-3-reasons-market-strategist-lyn-alden-is-increasingly-bullish

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BITCOIN PRICE REACHING BITCOIN PRICE REACHING $1,000,000 ‘DOESN’T SOUND CRAZY’ | BTC Tumbles, Altcoins in Deep Red,000,000 ‘DOESN'T SOUND CRAZY’ | BTC Tumbles, Altcoins in Deep Red

Bitcoin Tumbles, Altcoins in Deep Red – Here’s Where BTC, ETH and XRP Will Land, According to Top Crypto Analysts

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BITCOIN PRICE REACHING BITCOIN PRICE REACHING $1,000,000 ‘DOESN’T SOUND CRAZY’ | BTC Tumbles, Altcoins in Deep Red,000,000 ‘DOESN'T SOUND CRAZY’ | BTC Tumbles, Altcoins in Deep Red

Bitcoin Tumbles, Altcoins in Deep Red – Here’s Where BTC, ETH and XRP Will Land, According to Top Crypto Analysts

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BITCOIN (BTC) RALLIED 6,400% LAST TIME IT MADE THIS FORMATION, AND IT’S BACK AGAIN | Altcoin Rally

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MAX KEISER: ,000 Bitcoin Price in Play Before a Pullback – Then BTC is Heading to 6-Figures!!

Top Analyst Tone Vays Says Rapid Bitcoin (BTC) Rise to New All-Time Highs Likely If Crypto King Overcomes One Final Hurdle

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Bitcoin: 3 Reasons Market Strategist Is ‘Increasingly Bullish’ | Institutional Demand For BTC Soars

Reason# 1: Scarcity of Bitcoin

Reason #2: The May 11 halving

Reason #3: Backdrop of heightened levels of inflation

Institutional Demand For Bitcoin Soars As Grayscale Reveals Record-Breaking Near $1 Billion Quarter

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