đ° BlockFi: (Up To $250 Bitcoin Bonus) https://blockfi.com/cryptonewsalerts
In this live Bitcoin Technical Analysis session with special guest, top analyst Philip Swift, he reveals we are still in a bull market and still have long way to go with a lot of BTC price appreciation before the HODL Waves comes down to 45% which will take us well beyond $100K per Bitcoin this cycle.
Philip says it may take us a few months, or maybe until next year until we cruise past $100K, reaching as high as $300K this cycle and explains why reaching $1 million per BTC by the time of the next cycle is inevitable.
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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:
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BITCOIN WILL SEE A âMONSTER BREAKOUTâ IN THE NEXT THREE DAYS!!! | BTC Ready for âExtraordinary Moveâ
âĄïž Tap into OPM (Other Peopleâs Money): http://opm.cryptonewsalerts.net
According to a cryptocurrency trader, Bitcoin will see a âmonster breakoutâ in the next three days as the BTC price continues to tighten on a macro scale.
He shared the chart which shows that per the Bollinger Bands, a key technical indicator denoting volatility and key levels, BTCâs price action is extremely tight.
Separate analyses of the Bollinger Bands indicator have found that they are at their tightest levels since November 2018.
What followed the consolidation, of course, was a 50% drop over the span of two weeks that ended the bear market.
This suggests there will be an imminent move of macro proportions, likely to play out within the next week or two.
Bulls Are In Control?
Volatility indicators do not indicate which way the leading cryptocurrency will break.
But with this latest news and new analyses, a growing number of traders are betting on the case for upside.
KI Young Ju, the chief executive of cryptocurrency analytics firm CryptoQuant, shared the charts below on July 20th.
Attached, he wrote that there are three on-chain indicators signaling investors to âBUY.â
These indicators are as follows:
* Addresses linked to Bitcoin miners are not sending their coins to exchanges, suggesting they are not being sold. * Large BTC holders deemed âwhalesâ remain HODLing their coin.
* The reserve of BTC on exchanges âhit the year-low a month ago and [it has kept] that low.
This suggests there remains an accumulation mindset amongst a majority of cryptocurrency investors.
Further adding to the bull case forming, digital asset manager Charles
Edwards noted last week that his flagship indicator just printed a macro buy 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
In other trending Bitcoin News today:
Bitcoin Appears Ready for Extraordinary Move in Just 48 Hours, According to Morgan Creek Digital Partner
Bitcoinâs three-month-long tightening trading range may end in about 48 hours, says Morgan Creek Digital executive Jason Williams.
Williams tells his 41,000 Twitter followers that BTC appears to be poised for a big move as the leading cryptocurrency approaches the apex of an ascending triangle pattern on the short-term timeframe.
âThis feels like a little World Cup of sorts. Bitcoin could break out on or about the 22nd. I donât think I would want to be on the sidelines going into this⊠Bitcoin volatility could be extraordinary to the upside.â
The Morgan Creek Digital co-founder is not the only analyst who expects the end of BTCâs tightening range soon.
Crypto strategist Ethereum Jack sees the king cryptocurrency exploding within the next seven days as Bitcoinâs spot volume hits a level that precedes significant price expansion.
A dwindling volume indicates that many traders are on the sidelines while waiting for an asset to provide clarity in terms of direction.
Meanwhile, the pseudonymous crypto trader Walter Wyckoff believes that Bitcoin will breach resistances as it gets a helping hand from a bullish S&P 500.
âProbably SPX [is] gonna rip on vaccine news and if that happens [it is] gonna pull up BTC. I think that futures opening on legacy will give a clue on what we should expect for the breakout of BTC. Canât see Bitcoin giga dumping while markets make new highs.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:
This feels like a little World Cup of sorts. #bitcoin could break out on or about the 22nd.I don’t think I would want to be on the sidelines going into this but low time pref đ§
Tina and I both agree that #bitcoin volatility could be extraordinary to the upside. @BitcoinTina pic.twitter.com/EWoB0Tv8VW
â Jason Williams đŠ (@JWilliamsFstmed) July 19, 2020
On-chain Indicators Status: BUY đąâ Miners are not selling (based on MPI, Miner Outflows)
â No significant #BTC exchange inflows from whales so far
â All exchanges’ reserve hit the year-low a month ago and keep that low pic.twitter.com/IzEmujvbsUâ Ki Young Ju (@ki_young_ju) July 20, 2020
Bitcoin Will See a âMonster Breakoutâ in the Next Three Days: Analyst
https://cointelegraph.com/news/paypal-to-reportedly-offer-crypto-trading-through-paxos-partnership
https://cointelegraph.com/news/bitcoin-surges-to-93k-for-first-time-in-a-week-is-it-a-fakeout
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I WONâT BE SURPRISED IF BITCOIN HITS 0K BY 2022, SAYS FAMILY THAT BET EVERYTHING ON BTC AT 0!!
âĄïž Leverage OPM (Other Peopleâs Money): http://opm.cryptonewsalerts.net
Didi Taihuttu, his wife, and three kids bet âeverythingâ they have on Bitcoin.Â
This is how the legend of the BTC family begins.
In 2017, CNBC spoke to the Dutch family of five when they were in the process of liquidating their assets â from a profitable business and 2,500-square-foot house, to their shoes â and trading it all in for the popular cryptocurrency and a life on the road.Â
Nearly four years and 40 countries later, Taihuttu and his family still donât have bank accounts, a house, or all that much by way of personal possessions. All of the familyâs savings remain tied up in highly volatile cryptocurrencies.Â
âWe stepped into bitcoin, because we wanted to change our lives,â said the 42-year-old father of three.
When the price of bitcoin collapsed in 2018, Taihuttu added more to his investment portfolio. He says he was always a firm believer that the cryptocurrency was poised for a major rebound.Â
âI think in this bull cycle, we are going to see a minimal peak of $100,000. I wonât be surprised if it hits $200,000 by 2022.âÂ
The price of bitcoin reached an all-time high on Monday, as it closed in on $20,000. And some analysts say the cryptocurrency still has a lot of room to run higher.Â
Mike Novogratz, CEO of investment firm Galaxy Digital, thinks this comeback rally is only just getting started. He sees bitcoin rising to $60,000 by next year.Â
And Tom Fitzpatrick, global head of CitiFXTechnicals, said the charts signaled that bitcoin could reach $318,000 by December 2021, in a report meant for Citibankâs institutional clients and obtained by CNBC.
Taihuttu bought the bulk of his bitcoin holdings when it was was trading at around $900 in early 2017, just months before it reached nearly $20,000 a coin.Â
Even as bitcoin peaked, the family stayed invested in the cryptocurrency. Once the bubble burst, and the price tumbled down to about $3,000 in early 2018, Taihuttu and his family werenât deterred. âWhen bitcoin dipped, we started to buy more.âÂ
When I asked Taihuttu on our Skype call whether he was worried that we could be in the midst of another bitcoin bubble, he doubled down on his investment. âI donât see demand going down,â he added. âI think weâre headed for a supply crisis.âÂ
In other trending Bitcoin News today:
Billionaire Paul Tudor Jones Says Bitcoinâs âCrazy Rocket Ship Rideâ Is Just Beginning
Veteran investor and hedge fund manager Paul Tudor Jones is likening Bitcoin and crypto to the early stages of the internet.
In an interview with Yahoo Finance, Jones says that while he is not sure where Bitcoin will land in the financial landscape a decade from now, he is fairly confident that it is in the early stages of a major upward movement.
âSo what I do know is that itâs no way possible today to know what the next 10 or 20 years are going to be like and I know if I had to take a position on it Iâm going to take the brand name and Iâm going to assume that itâs the wrong price for the possibilities that it has and Iâm going to assume that the path forward from here is north.
I think crypto is going to have a crazy rocket ship ride, up and down along the way, but my guess is that something like Bitcoin in particular will be substantially higher 20 years from now than where it is right now and who knows what role it has in the monetary system.â
âBitcoin reminds me so much of the internet stocks of 1999 because [when] the internet was in its infancy no one knew how to value it because of the world of possibility that lay ahead.
What you can be certain of is that probably 20 years from now is that weâll be using some kind of digital currency.â
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Trezor: âș http://trezor.cryptonewsalerts.net
Ledger: âș 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:
Micro strategy now holds 40k bitcoin.There is about 2.44M bitcoin left to mine.So if we think of fresh supply coming in, there is only room for 61 more companies to hold as much as MSTR before the last sat is mined.
The rest has to be torn out of hodler hands.
â hodlonaut đźâĄđ đ (@hodlonaut) December 4, 2020
https://finance.yahoo.com/news/microstrategy-buys-additional-50m-bitcoin-225922648.html
Post Views: 326 -
âBitcoin Could Go to âBitcoin Could Go to $1,000,000â Says Krakenâs Head of Business | BTC Model Predicting $100K by 2021,000,000â Says Krakenâs Head of Business | BTC Model Predicting 0K by 2021
âĄïžÂ Teeka Tiwari â Investment of the Decade:  http://2020.cryptonewsalerts.net
Kraken Head of Business Dan Held explains why he believes the Bitcoin (BTC) price could reach $1,000,000.
Dan Held has been involved in crypto since 2013. In his latest interview with Cointelegraph, he dives into the early crypto meetups in San Franciscoâs Mission District and explains how the price of one BTC could eventually reach a million dollars.
Bitcoin will become âvery boringâ Bitcoin is famous for its volatility, but Held thinks that wonât always be the case.
He believes Bitcoin to be digital gold. With that thesis comes the expectation that there will be immense growth in the assetâs market capitalization.Â
âBitcoin in its final stages decades from now will be something very boring. Like our grandkids will go, âGrandpa, Grandma, I only hear about Bitcoin. Everyoneâs got Bitcoin.â Itâs like, who cares? Like itâs a boring investment. Itâs like holding cash.â
Held predicts Bitcoin to hold from $5Â trillion to $100 trillion dollars of value in its âfinal stages.â
This would result in a transformation from a highly volatile asset to a âvery boringâ currency. Heldâs belief in Bitcoin is unshakeable.
Heâs seen his net worth go up and drop 80% three times. And yet, 90% of his current net worth remains in Bitcoin.
His unwillingness to diversify his portfolio comes from a staunch belief that blockchain technology is only useful for Bitcoin.
âSatoshi purposely built blockchain tech to build Bitcoin. Blockchain tech sucks. Itâs terrible. It makes so many tradeoffs to build Bitcoin that it is basically ineffective for almost anything else.â
Under this line of thought, which he calls âBitcoin minimalismâ to spite Vitalik Buterin, he doesnât see a reason for altcoins to exist.
To Held, altcoins are just experiments that have yet to prove blockchain is useful for anything but Bitcoin.
In other trending Bitcoin News today:
Sparks Fly as Critics Question Bitcoin Model Predicting $100,000 by 2021
The Bitcoin Stock to Flow (S2F) model created by the pseudonymous analyst âPlanBâ has been a controversial subject over the past year.
A majority of cryptocurrency investors on Twitter seemingly believe in the model, though itâs increasingly come under fire.
Debate about PlanBâs work has come to a head over the past few days as prominent commentators have chimed in.
The model predicts that after 2020âs block reward halving, BTC will rise to a market capitalization of $1 trillion.
That corresponds with approximately $55,000 per coin. It has since been updated with a new regression formula that suggests Bitcoin will reach $100,000 in 2020 or 2021.
PlanBâs updated iteration of the model has a high R squared value of ~95% and is purportedly âcointegratedâ with BTCâs price.
Statistics lingo aside, the S2F modelâs proponents say that this is a confirmation that the model has credence.
âWhy are people dunking on the s2f model just a few difficulty adjustments past the halving? The prediction was that BTC will be $100k before the end of 2021. Declaring victory now is like declaring victory 5 minutes into the game.â â Jimmy Song
âSo far, the arguments âdebunkingâ S2F for BTC appear to be just random word-salads by attention seekers. S2F is a valid and vital analysis of Bitcoin price that provides excellent insight into the market.â â Max Keiser
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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:
In this interview I debunk these arguments:â “S2F is invalid because it doesn’t work for altcoins”
â “Scarcity doesn’t give something value. I own a pair of socks my grandma made of which only 1 pair exists in the world. How valuable does that make them?”https://t.co/YS1pQiVsBs
â PlanB đŽ (@100trillionUSD) July 3, 2020
Why are people dunking on the s2f model just a few difficulty adjustments past the halving?The prediction was that BTC will be $100k before the end of 2021.
Declaring victory now is like declaring victory 5 minutes into the game.
â Jimmy Song (ìĄìŹì€) (@jimmysong) July 2, 2020
So far, the arguments âdebunkingâ S2F for BTC appear to be just random word-salads by attention seekers.
S2F is a valid and vital analysis of #Bitcoin price that provides excellent insight into the market. https://t.co/diqJfThIg3
â Max Keiser (@maxkeiser) July 3, 2020
Sparks Fly as Critics Question Bitcoin Model Predicting $100,000 by 2021
https://cointelegraph.com/news/krakens-head-of-business-bitcoin-could-go-to-1-000-000
Post Views: 375