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An emerging crypto strategist and trader is unveiling a huge price target for Bitcoin (BTC) in the coming months as he believes the crypto asset is mirroring its 2017 bull market.
Based on the crypto analystâs chart, Bitcoin price can skyrocket entering into a mania phase here in Q4 of 2021 with a target range of $450K â $520K per BTC with the next bear market low range between $65k â $75K.
In other trending Bitcoin News today: Payments Giant Mastercard To Allow All Merchants and Banks To Integrate Crypto Into Their Services!
Mastercard is massively expanding crypto access for businesses as well as consumers.
In a new partnership with digital asset firm Bakkt, the payments giant is launching a range of options that will allow merchants and shoppers to utilize crypto in a number of different ways.
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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/south-korean-pension-fund-to-invest-in-bitcoin-etf-report
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Crypto Analyst Adjusts 0,000 Bitcoin Forecast | BTC Buy Signal That Preceded 2017âs 2,000% Rally
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The crypto analyst who accurately predicted last years Bitcoin retracement has updated his roadmap of the BTC ascent to $100,000 as the king cryptocurrency approaches the apex of a long-term triangle.
Trader Dave the Wave tells his 33,000 Twitter followers that Bitcoin is poised for a big move as the top cryptocurrency shows signs of compression.
âMomentum and volatility flat-lining as price coils within the business end of the triangle. A picture of diminishing returns/ price discovery if there ever was one, and based on what price is actually doing, not what it âoughtâ to do. Shaping up nicely for the move going forward.â
Based on Daveâs chart, Bitcoin is losing steam as seen on the slumping logarithmic moving average convergence and divergence (LMACD).
The indicator is designed to reveal changes in an assetâs trend, strength and momentum.
In addition, the king coinâs volatility looks ready to hit its all-time lows as the Bollinger bands width (BBW) indicator approaches a value of 0.50.
The low BBW reading suggests that BTCâs trading range is at its narrowest point in four years. Bitcoinâs tightening trading range and dying momentum suggest that a violent move is on the horizon as the dominant cryptocurrency approaches the end of a multi-year triangle.
Dave says that once volatility returns, he expects Bitcoin to go through a significant correction.
Once the pullback is over, Dave sees Bitcoin eventually breaking out of the long-term triangle.
He says Bitcoin will recover its all-time high of $20,000 next year before igniting a manic phase that would send the top cryptocurrency above $100,000 before 2022 expires.
In other trending Bitcoin News today:
BITCOIN TO SOON CONFIRM BUY SIGNAL THAT PRECEDED 2017âS 2,000% RALLY
According to a crypto analyst, Bitcoinâs macro Moving Average Convergence Divergence (MACD) is about to cross green on the monthly time frame.
Should this take place, it will mark a large win for the bull case. For instance, prior to the rally from under $1,000 to $20,000 in late-2016/2017, BTC formed this signal.
And prior to the rally to $14,000 in 2019, this signal was formed.
The potential cross in the MACD isnât the only signal that is supporting the long-term bull case.
This past Sunday, digital asset manager Charles Edwards noted that his indicator, the Hash Ribbons, printed a âbuyâ signal:
âBitcoin Hash Ribbons âBuyâ signal just confirmed. The post-Halving signal is particularly special. It will probably be a very long time until the next occurs. âŠand so the great bull run begins.â
This is important as the signal has preceded parabolic rallies in the price of BTC.
Edwards found in an analysis published last year that the gain-to-peak of the indicatorâs âbuyâ signals comes out to an average of 5,520%.
The fundamentals are equally as bullish, analysts have said.
As reported by Bitcoinist previously, Nexoâs Antoni Trenchev argued that Bitcoin is still poised to hit $50,000 by the end of 2020.
He attributed this strong sentiment to the presence of money printing by central banks and the block reward halving:
âSo yes, Iâm sticking to my prediction of 50K until the end of the year. I appreciate that it is a bold statement, but the fundamentals are there and the momentum is shifting there as well,â
Trenchev concluded to the Bloomberg journalist.
This optimism has been echoed by Adam Back, the chief executive of Blockstream.
The long-time industry executive and programmer told Bloomberg in a July interview that BTC will hit $300,000 in the next five years.
Like Trenchev, Back also mentioned money printing, but added that bonds and real estate likely have low risk-return ratios.
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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:
Momentum and volatility flat-lining as price coils within the business end of the triangle. A picture of diminishing returns/ price discovery if there ever was one, and based on what price is actually doing, not what it ‘ought’ to do.
Shaping up nicely for the move going forward pic.twitter.com/prrdi576XD
â dave the wave (@davthewave) July 15, 2020
https://bitcoinist.com/bitcoin-confirm-buy-signal-preceded-2017/
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BITCOIN CAN SEE HUGE GAINS IN SIX MONTHS, SAYS PLANB â HEREâS HOW HIGH BTC PRICE CAN SOAR!!
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The first cryptocurrency analyst to apply the stock-to-flow model to Bitcoin is predicting that the leading crypto asset could meteorically rise in the following months as BTC continues to hold its ground in the midst of bearish news.
âNet result (after Turkey ban, US tax FUD, Faketoshi lawsuits, Elon/Tesla energy FUD) is that Bitcoin is 5x higher than ~6 months ago. And both stock-to-flow model + on-chain data indicate that we are only halfway through this bull market. I would not be surprised to see another 5x next ~6 months.â
In other trending BTC News today: Bitcoin still on track to $100K despite growing risks, says strategic investor Lyn Alden! Lyn is convinced Bitcoin has still the potential to reach 6-figures in the current bull cycle â despite growing uncertainty and increasing volatility.
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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.
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Coinbase Reports Strong First Quarter Earnings, Set to Add Dogecoin Soon
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0K Bitcoin Predictions Way Off-Base, 0K Rise Far More Likely | #post_titleM BTC by 2025 New Forecasts
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Market analyst and podcaster Preston Pysh says he believes a new long-term Bitcoin bull cycle is coming that will take the BTC price far past $100,000.
In a new interview with Heyo co-founder Nathan Latka, Pysh points to the Bitcoin halving, which is set to execute next month, as the catalyst for a parabolic rally that could bring the Bitcoin price to $300,000.
âDo I think that itâs just going to up to [$100,000] and stop? Hell no. Itâs going to go straight through that number. Itâs probably going to go to $200,000 to $300,000.
And then, if it doesnât meet its escape velocity, which is a whole other term, which is, in my opinion, completely dependent on all this other macro stuff that weâve been talking about⊠then itâs going to come back to that $80,000 to $100,000 mark. And it will stay there until the next four year halving event.â
Pysh says concerns that the halving, which will cut in half the amount of BTC rewarded to miners who power the network, will make it hard for miners to earn a living are overblown.
He points to Bitcoinâs difficulty adjustment, which automatically reviews network activity and changes how much computing power is required to process transactions, as the key reason many miners will continue to turn a profit as Bitcoin becomes increasingly scarce.
As for his personal investments, Pysh says he owns Bitcoin (BTC) and is now out of the equities market.
He says the push from central banks to ramp up money printing will significantly weaken the US dollar.
He points to billionaire investor Ray Dalio as an example of a leading investor who shares the same views on the future of the global reserve currency.
In January, Dalio said âcash is trashâ in an interview with CNBC.
Dalio argues that a weakening dollar and increasing money supply will decrease its value over time.
In other trending Bitcoin news today: âBoomers Are F*ckedâ â New Macro Report Forecasts $1M Bitcoin by 2025
In a scathing attack on the worldâs ailing financial system, Raoul Pal puts his faith firmly in Bitcoin and gold as the future.
Bitcoin (BTC) can rally to $1 million but coronavirus means that the baby boomer generation is âf*cked,â a damning new macro report concludes.
Originally published to clients on March 30, the report from Global Macro Investor dubbed âThe Unfoldingâ paints a dismal future for the financial market.
According to CEO Raoul Pal, who authored the report, coronavirus has fueled the fire of systemic weakness across global markets.
âThe damage this does to the US pension system is incomprehensible. The Baby Boomers will sell every rally they can to protect their last, rapidly diminishing nest egg,â he summarized on the market losses from March.
âThe Baby Boomers are totally f*cked. I have been publicly warning and warning about this.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:
Jack Dorsey has one thing listed in his bio on twitter. So hereâs the question for people that think BTC wonât work:
What the hell does this guy know about #Bitcoin that you donât? pic.twitter.com/q6dug8A8Hn
â Preston Pysh (@PrestonPysh) April 23, 2020
https://cointelegraph.com/news/boomers-are-fcked-new-macro-report-forecasts-1m-bitcoin-by-2025
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