Bitcoin Price To Rise Above ,000 in 2020, Says Bitpay’s Singh | Elon Musk Drops BTC Bomb

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Right now, with the Bitcoin market cap sitting just under $1 trillion, BTC is only a very tiny fraction of the world’s assets combined. So in the grand scheme of crypto, this is why many analyst believe we’re still so early.

“If Bitcoin captures just 5% of the market cap of other assets on this chart, it’ll be worth over $2M/coin.”

In other trending Bitcoin News today: Bitcoin bears lack ‘balls’ to continue selling into 2022!

BTC bears will probably be too “stoneless” to keep prices down much longer, fresh Bitcoin price analysis argues.

In a Twitter series published Dec. 18, popular account Light summarized the events which led to Bitcoin’s recent 39% correction.

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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/binance-ceo-cz-richest-crypto-billionaire-at-96b-bloomberg

https://cointelegraph.com/news/disney-patents-technology-for-a-theme-park-metaverse

https://cointelegraph.com/news/most-bullish-macro-backdrop-in-75-years-5-things-to-watch-in-bitcoin-this-week

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The Bitcoin price saw quite the bout of volatility on Wednesday.

Early in the morning, Bitcoin (BTC) tanked, falling as low as $6,450 in a strong move lower, before rebounding to the upside.

By the end of the day on Wednesday, the BTC price had rallied as high as $7,400, surging by over 10% from its local bottom in the $6,400s on the back of seeming short covers and long-term investors buying the Crypto dip.

Although it may be too early to tell whether or not this is a fully-fledged macro reversal, one prominent trader, who called the drop in November to the $6,000s, suggests that (BTC) Bitcoin has a good likelihood of reaching $20,000 by as early as March, 2020.

Bitcoin’s latest bounce higher has infused bulls with a fresh dose of hope, culminating in positive analyses that imply BTC’s reversal rally is just starting.

One such analysis was posted by Velvet, a popular cryptocurrency trader.

They noted that “this week[‘s close]” for BTC is “very important,” noting that the key thing Bitcoin will need to do by Sunday’s close is “holding the” trend line.

For reference, the trend line in question, which always ended up in bear markets when BTC crossed below it, currently sits in the high-$6,000s, which BTC is currently above.

If Bitcoin rides that level, Velvet remarked that Bitcoin “could see $20,000 by March,” referencing the fact that prior to previous halvings, BTC always surged, rallying higher on the expectation that a negative supply shock would hit the market.

In other Bitcoin news today:

BTC stuns bears, soaring $800 back over $7,000 to fill Futures ‘Gap’.

Earlier in the day, veteran commodities trader Peter Brandt tweeted a logarithmic chart of Bitcoin’s long term price action and wrote:

Bitcoin has apparently held at important support.

A number of other traders also pinpointed the importance of Bitcoin price remaining above this support and today’s strong upside move is sure to have relieved worried investors, at least for the time being. 

Interestingly, the rebound to $7,235 also filled the CME gap from Dec. 14-15, a phenomenon that has become increasingly common for BTC/USD 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:

#BITCOIN $BTC #BTCUSDReal talk: This week is very important!The only thing that matters now is holding the trend (red line)! (Current UP)Every time we lost it, we ended up in a BEAR market! Only this time.. the market will crash!

👉 If we HOLD it we could see 20K by march pic.twitter.com/qrmAnu6weO

— 𝓥𝓮𝓵𝓿𝓮𝓽 📊丝绒 (@888Velvet) December 18, 2019

Here’s How Bitcoin Price Could Hit $20,000 By as Early as March: Analyst

https://cointelegraph.com/news/bitcoin-stuns-bears-soars-800-back-over-7k-to-fill-futures-gap

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Popular analyst and trader Michaël van de Poppe is providing his take on the latest market correction while naming a set of altcoins that have caught his attention.

“It’s great to see the strength on altcoins. Yes, we’ve got some news regarding Bitcoin and Elon Musk (Tesla CEO), but essentially, not much has changed. Markets are still bullish.”

In other trending Bitcoin News today: Mark Cuban Responds to Elon Musk, Says Bitcoin and Crypto Will Benefit Society and the Environment!

Dallas Mavericks owner Mark Cuban says his NBA franchise will continue to accept Bitcoin as payment despite Elon Musk’s recent announcement that Tesla will not. Cuban tells his 8.4 million Twitter followers that, as a store of value, BTC is in fact a better environmental alternative to gold.

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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://cointelegraph.com/news/as-bitcoin-price-staggers-whale-wallets-may-be-becoming-an-endangered-species

https://cointelegraph.com/news/altcoins-pop-while-bitcoin-looks-for-support-near-50-000