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Crypto trader and influencer Elliot Wainman is sharing his thoughts on the Bitcoin price potential, asserting that the asset is nowhere near its bull cycle top. The cryptocurrency analyst predicts that the flagship digital asset could reach a price of $1 million per BTC once the Bitcoin super cycle really kicks off.
âAs we enter into May of 2021, which many people feel like might be towards the end of this bull run, I canât help but feel like weâre on the brink of really crossing the chasm into a Bitcoin super cycle that would not only bring in hundreds of millions, if not billions of users, into crypto but would most likely send Bitcoin to astronomically new highs of hundreds of thousands, maybe even close to that hallowed ground of a $1 million Bitcoin.â
In other trending Bitcoin News today: Bullish ETH/BTC Pair Revives The Ethereum âFlippeningâ Discussion
While Bitcoin continues to struggle below the $55,000 resistance level, the ETH/BTC pairing has started climbing higher in a move that was predicted by multiple analysts, including Real Vision CEO Raoul Pal. The bullish movement in the ETH/BTC pair has also reignited conversations about Ether price eventually flipping BTC.
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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/key-bitcoin-price-metric-flashes-its-first-bullish-signal-in-4-months
https://cointelegraph.com/news/bullish-eth-btc-pair-revives-the-ethereum-flippening-discussion
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MAX KEISER SAYS $77K BITCOIN SHORT-TERM IS A LOCK AS HASH RATE KEEPS HITTING NEW ALL-TIME HIGH!!
đ° BlockFi: Up To $250 Bitcoin Bonus: https://blockfi.com/cryptonewsalerts
Bitcoin pioneer Max Keiser, RT host of the Keiser Report and Orange Pill Podcast says $77,000 BTC short term target is a lock and predicts the king cryptocurrency will hit $220,000 in 2021 easy.
âBitcoin hash keeps hitting new ATH. Itâs a leading indicator. Based on the current number, $77,000 (short-term) is a lock.
A âParadigm shiftâ means bonds crash 50-70% and trillions move into Bitcoin getting us to $220,000 in 2021.
If the Fed loses ability to prevent the market from crashing bonds (as it should) then yea, my Bitcoin to $220,000 in 2021 prediction is easy!â
Another top trader says the Bitcoin bottom is in and plots a new BTC all-time high in March of $80,000, right in alignment with Maxâs prediction.
A closely-followed crypto strategist whose credibility in the crypto space rose after nailing Bitcoinâs collapse in March 2020 says he expects BTC to bottom out and print a new all-time high in the coming weeks.
In a new tweetstorm, the analyst known in the industry as Capo looks at a number of technical indicators to show why he believes Bitcoin has carved a bottom.
The trader explains that the steep decline in Bitcoinâs open interest, which refers to the number of contracts held by market participants, is bullish for the leading cryptocurrency,
âSame as the other time (January drop), open interest (OI) has dropped with the price. Late longs got rekt. This drop on the OI due to late longs liquidations mostly, has helped the funding rates to reset. Also, shorts are trapped. They think price hasnât reached its bottom, so they are shorting the bounce, causing the funding to tend to be negative (bullish).â
Capo also highlights that a concealed divergence on both the Ethereum and Bitcoin charts between the assetsâ relative strength index (RSI) and price may indicate that momentum is swinging to the side of the bulls.
âBTC and ETH RSI is forming hidden bullish divergences again, on the high timeframes. This divergence means trend continuation when confirmed. Pivot (invalidation) for BTC: weekly candle close below $33,000. Confirmation for BTC: weekly close above $57,000.â
In addition, the crypto analyst notes that whales are buying the BTC dip, suggesting that the largest crypto holders are building a new base for the next leg up.
âInstitutions/whales keep accumulating at these levels. Coinbase Pro outflows going up like crazy.â
With Bitcoin gearing up for the next phase of the bull cycle, Capo believes that the leading crypto asset will skyrocket to a new all-time high of around $80,000 before the end of March.
âBTC new potential range between $60,000 and $42,000. Target after consolidation above the range high: about $80,000.â
In other trending Bitcoin News today:
Bitcoin Sell-Off Over? Strong âBuy The Dipâ Signal Flashes For The First Time In 5 Months
The price of Bitcoin (BTC) has dropped to the key $44,000-$45,000 support level on Feb. 28 for the third time in the past week.
âItâs a whale war, and you know who got the real power.
âUS Institutional Investors
â Coinbase Outflow = STRONG BUY
â Coinbase Premium = BUY
BTC Whales
â BTC Reserve = BUY
â Stablecoin Inflow TXs = BUY
Miners
â Miner Outflows = SELL
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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:
It’s a whale war, and you know who got the real power.US Institutional Investorsâ Coinbase Outflow = đąSTRONG BUYâ Coinbase Premium = đąBUYBTC Whalesâ BTC Reserve = đąBUYâ Stablecoin Inflow TXs = đąBUYMinersâ Miner Outflows = đŽ SELL
â Miner to Exchange Flows = đŽ SELL pic.twitter.com/fhVBp8qocm
â Ki Young Ju ìŁŒêž°ì (@ki_young_ju) February 28, 2021
UTXO Realized Price Distribution. This is the on-chain, more precise version of volume profile. The peaks represent the price where most coins changed hands. $45k upwards is very strong support.Any dip (if you’re are lucky) into $39k is a no-brainer BTFD.
Data: @glassnode pic.twitter.com/Z4xbEr0jTv
â Willy Woo (@woonomic) February 27, 2021
Top Trader Says Bitcoin Bottom Is In, Plots New BTC All-Time High in March
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BITCOIN WILL SKYROCKET TO 0K BTC PRICE âBEFORE THIS DATEâ SAYS EERILY ACCURATE CRYPTO STRATEGIST
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âThe Bitcoin price will skyrocket to $100,000 before 2023 comes to a closeâ, says the pseudonymous Crypto strategist who accurately forecasted the BTC price collapse from $11,600 to $6,400 in 2019.
Trader Dave the Wave is now marking the moment when he believes Bitcoin (BTC) will break out and begin its ascent to $100,000.
Dave tells his 37,000 Twitter followers that Bitcoin is slowly grinding up in an effort to take out its all-time high around $20,000.
âAnd the standard use of a technical pattern, known as the breakout of an ascending triangle, gives a target of 100K.â
Based on Daveâs chart, crypto enthusiasts would have to wait until the end of 2021 before Bitcoin catches fire and erupts.
The trader predicts that Bitcoin will skyrocket to $100,000 before 2023 comes to a close.
The crypto analyst also highlights that the slow climb will set the stage for a massive BTC explosion.
However, Dave acknowledges that just like any other prediction, his analysis can be wrong and BTC can surge to $100,000 ahead of 2023.
The trader shares a conversation that he had with PlanB, the first analyst to apply the controversial stock-to-flow model to Bitcoin.
In the thread, PlanB asked whether Daveâs model would be proven incorrect should Bitcoin climb above $100,000 before December 2021.
Says DaveâŠ.
âIt would certainly be in extremis. The log growth curve could accommodate a brief spike to that price but price carrying on higher would invalidate/falsify the curve.â
In other trending Bitcoin News today:
Worldâs largest sovereign wealth fund indirectly holds almost 600 Bitcoin
Mainstream finance giants may hold more Bitcoin than you think.
The Norwegian Government Pension Fund, also known as the Oil Fund, has over $1 trillion in assets, including 1.4% of all global stocks and shares.
It is considered the worldâs largest sovereign wealth fund.
According to Arcane Researchâs report on Sept. 19, the fund also owns almost 600 Bitcoin (BTC) through its investment holdings.
Arcane Research analysis data shows that the Norwegian oil fund has 577.6 BTC through its investment in business intelligence firm MicroStrategy.
This puts the companyâs portfolio in BTC at around $6.3 million.
The Norwegian Government Pension Fund has a 1.51% stake in MicroStrategy.
Michael Saylor, MicroStrategy founder, said in a recent tweet that the company owns 38,250 BTC.  Â
âOn September 14, 2020, MicroStrategy completed its acquisition of 16,796 additional bitcoins at an aggregate purchase price of $175 million. To date, we have purchased a total of 38,250 bitcoins at an aggregate purchase price of $425 million, inclusive of fees and expenses.â
In addition, two other major investment advisory companies, BlackRock Fund Advisors and the Vanguard Group, have a 15.24% stake (5829.30 BTC) and a share of 11.72% (4482.90 BTC), respectively.Â
BlackRock currently is the biggest shareholder in MicroStrategy, indirectly holding BTC.
The Vanguard Group is an American investment advisor with about $6.2 trillion in global assets under management (AUM) as of January 31, 2020.
It is the largest mutual funds provider and the second-largest provider of exchange-traded funds (ETFs) in the world after BlackRockâs iShares.
BlackRock Fund Advisors, on the other hand, has $7.3 trillion in AUM.Â
MicroStrategy has made a lot of headlines in the past few days as it announced a bold plan to invest in Bitcoin.
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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:
When considering network dominance in the crypto industry, I find it clarifying to separate crypto-asset networks like #Bitcoin from crypto-application networks like Ethereum & stablecoins. Bitcoin dominance has advanced from a low of 71.05% on December 20, 2017 to 93.57% today. pic.twitter.com/03cbWVyoLY
â Michael Saylor (@michael_saylor) September 20, 2020
https://cointelegraph.com/news/bitcoin-price-hits-1-week-low-as-us-dollar-currency-index-aims-higher
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BITCOIN COULD BE WORTH MILLIONS OF DOLLARS EACH SAYS NORWEGIAN OIL BILLIONAIRE!! $200M BTC FUND!!
đ° BlockFi: Up To $250 Bitcoin Bonus: https://blockfi.com/cryptonewsalerts
Billionaire Kjell Inge Rokkeâs company, Aker, has established a new business dedicated to Bitcoin. Rokke believes that BTC could âbecome the core of a new monetary architectureâ and each coin could be âworth millions of dollars.â His new company âwill keep all its liquid investable assets in bitcoin.â
Norwegian oil billionaire Kjell Inge Rokke has spoken in favor of bitcoin. His company, Aker ASA, which controls oil and oil service companies, announced Monday that it has established a new business, Seetee AS, to tap into the potential of the cryptocurrency.
Listed on the Oslo Stock Exchange, Aker is a Norwegian holding company engaged in offshore fishing, construction, and engineering. Established in 2004, the company is controlled by Rokke with 67% ownership through TRG Holding.
In its announcement, Aker described Seetee as âa new company dedicated to investing in projects and companies throughout the bitcoin ecosystem and which will keep all its liquid investable assets in bitcoin.â Seetee is starting with 500 million kroner ($59 million) in capital, which Rokke called âan amount we aim to increase significantly over time.â
Following the announcement, Rokke expressed his view on bitcoin and the new enterprise launch in a shareholder letter published on Seeteeâs website. The billionaire wrote:
âWe will use bitcoin as our treasury asset and join the community. In bitcoin speak, we will be hodler.â
Initially, Seetee will focus on four areas. The first is âinvesting in and owning bitcoin.â The second is âjoining the bitcoin and broader blockchain community and establishing partnerships with leading players.â The third is âlaunching bitcoin verification operations,â and the fourth is âbuilding and investing in innovation projects and companies in the bitcoin and blockchain ecosystem.â
Seetee will actively partner with other companies in order to accelerate its initiatives, the announcement adds, noting that the company has âentered into a collaboration agreement with Blockstream,â which âwill initially focus on mining operations.â
Rokke further opined:
âBitcoin may still go to zero. But it can also become the core of a new monetary architecture. If so, one bitcoin may be worth millions of dollars.â
He added: âThe direction is clear: finance will be disrupted as surely as fossil fuels will be. The question is not if, but when.â
In other trending Bitcoin News today:
BITCOIN FIRM NYDIG GETS $200M INJECTION FROM MORGAN STANLEY, SOROS
Earlier today, NYDIG, a leading provider of investment and financial solutions for Bitcoin, announced that they were receiving $200 million in growth capital funding led by strategic partners Morgan Stanley, Soros Fund Management, FS Investments, Stone Ridge Holdings, Mass Mutual and New York Life. FinTech Collective and Bessemer Venture Partners, who previously funded NYDIG, also took part.
NYDIG will be working with these firms on Bitcoin-related strategic initiatives spanning investment management, insurance, banking, clean energy, and philanthropy.â He also promised that through the $200 million investment from their strategic partners, NYDIG would deliver âan explosion of innovation in Bitcoin products and services.âÂ
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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:
Top 4 stories on ZH today.
Inflation/hyperinflation is here now! #Bitcoin tops $1 trillion and is headed to a $4 trillion+ market cap ($220,000 per coin) in 2021 â as flight-capital jumps the fiat ship and finds safe haven in Bitcoin pic.twitter.com/zOruSWdMh1
â Max Keiser (@maxkeiser) March 9, 2021
Bitcoin Firm NYDIG Gets $200m Injection from Morgan Stanley, Soros
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