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Bitcoin has not died for the 500th time, but market fear could easily convince you otherwise as analysts predict a slow return to higher levels.
BTC starts a new week with traders still digesting the impact of the last â a major price drop that at one point saw $41,900.
A modest recovery is now competing with some formidable resistance, the first of which is $50,000.
In other trending Bitcoin News today: Top Crypto Analyst Says Ethereum Rival Primed for Price Explosion, With ETH Itself Set for Monster Rally!
The pseudonymous trader known in the industry as Smart Contracter tells his 195,500 Twitter followers that Ethereum is primed for a monster rally against Bitcoin (ETH/BTC) after the pair broke out from a large bullish continuation pattern.
âETH/BTC breaking out of a multimonth reaccumulation on a marketwide dump seems pretty bullish for alts in my opinion. 0.1 BTC ($4,885) and then 0.14 BTC ($6,839) will come sooner than people think. Imagine thinking this is a bear market.â
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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/virtual-land-in-the-metaverse-dominated-nft-sales-over-past-week
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BLOOMBERG PREDICTS $80K BITCOIN SURGE IN Q2!! ETHEREUM TO BE A âSTORE OF VALUEâ SAYS SKYBRIDGE CEO!!
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According to a new Bitcoin / Cryptocurrency report published by Bloomberg Intelligence, the second quarter is more likely to deliver a further BTC surge to $80,000 than a capitulatory move to $40,000.
The new report reads: âAdoption of the benchmark crypto as a global reserve asset has crossed the mainstream threshold, as we see it, and the market tide is rising. This scenario has switched the focal point of our 2021 analysis toward more-technical indicators from a wider range of fundamental and on-chain metrics in the past few years.â
âA more likely 2Q scenario is to breach $60,000 resistance and head toward $80,000. A backup toward $40,000 support is less likely, in our view.â
In other trending Bitcoin News today:
Ethereum To Be a âStore of Value,â According to Skybridge Capitalâs Anthony Scaramucci
Skybridge Capital chief and former White House press secretary Anthony Scaramucci says that Ethereum (ETH) will become a store of value asset.
In an interview with CNBC, Scaramucci says that as an institutional investor, heâs mainly focused on Bitcoin (BTC), but sees big things happening for Ethereum in the future.
âI think thereâs a very big market for Ethereum and I predict that Ethereum has good fundamentals and will grow, but Iâm in an institutionalist sort of business. I think like an institutionalist, and Iâve got to get my clients thinking about cryptocurrency and digital assets. So as a first step, Iâm focused on Bitcoin and we only have now a Bitcoin fund.â
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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/bitcoin-falls-below-58k-as-bloomberg-eyes-80k-btc-price-in-q2
Post Views: 207 -
CONTROVERSIAL BITCOIN PRICE MODEL PLACES 'EXACT DATE' ON WHEN BTC WILL SHATTER 0,000!!
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We can expect the Bitcoin price to shatter $100,000 on this âexact dateâ 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.Â
The high-profile crypto analyst retweeted a post from Dutch entrepreneur Marc van der Chijs on the viability and timing of the S2F model.
âMost 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.âÂ
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.Â
Over the weekend, the quantitative analyst told his 123,000 Twitter followers that the stock-to-flow ratio continues to be in step with Bitcoinâs price action.
â3rd 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.â
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 Bitcoinâs near-term outlook, one analyst explained that in an optimistic scenario, the cryptoâs 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.
âBitcoin: Given the significance of this level, Iâm 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.â
For this possibility to play out â or even come close to coming to fruition â 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 worldâs top cryptocurrency and blockchain technology.
But now he thinks that Bitcoin makes for an attractive long-term investment. According to him:
ââŠitâs where many people will turn after Labor DayâŠâ Ideally, as an investor, he would either want âto make a safe haven for my money or a short-term speculative bet.â
The ex-Prudential boss remarked that the current scenario in stock markets is boring, and the âliquidity floodâ is the only thing thatâs 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 âtraders and investors should realign their portfolios substantially,â and allocate sections of their portfolios to Bitcoin.
Why? Because BTCâs ââŠsomething that canât be undermined by the government, and it wonât become worthlessâŠâ And thatâs why wealthy traders and investors could probably turn to Bitcoin, as âthere are no yields today.â
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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
â Crypto MichaĂ«l (@CryptoMichNL) August 15, 2020
No, $288k is the average in roughly mid2020-mid2024
â PlanB đŽ đŽ đŽ (@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
â Marc van der Chijs â 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/
Post Views: 240 -
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 itâs 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:
âBuffettâs move into Japan, along with his gold investment, confirms heâs getting out of USD bigly. USD is trending lower today, about to break key support. Bitcoin â Gold â Silver Will all make new ATH in the near term.â
Bill Smead, chief investment officer at Smead Capital Management, which invests nearly 3% of its assets in Berkshire commented:
âThe 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.â
Buffett, however, is famous for his so-called macro moves, even though he stays as a loyal BTC skeptic.
Last week, the so-called âBuffett Indicatorâ 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:
âCryptocurrencies basically have no value. They donât produce anything. You canât do anything with it except sell it to somebody else. But then that personâs got the problem.â
âI donât own any cryptocurrency,â he said. âI never will,â and added that none of Berkshireâs businesses uses Bitcoin, and highlighted its frequent usage for illicit purposes.
âBitcoin has been used to move around a fair amount of money illegally,â Buffett said going on joking on Bitcoinâs âeconomic contributionâ to society might be reducing demand for suitcases.
In other trending Bitcoin News today:
Bitcoin is targeting $288K Stock-to-Flow Price âLike Clockworkâ â PlanB
Bitcoin (BTC) is heading to $288,000 and higher âlike clockworkâ 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 Mayâs block subsidy halving, PlanB noted that each corresponded to the predictions of his S2F cross-asset model.
âBitcoin⊠like clockwork,â he summarized. Bitcoin has now put in its fourth so-called âred dotâ 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:
Buffettâs move into Japan, along with his $GOLD investment, confirms heâs getting out of $USD BIGLY $USD is trending lower today, about to break key support #Bitcoin â Gold â Silver
Will all make new ATH in the near term
â 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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