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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.
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BLOOMBERG PREDICTS $80K BITCOIN SURGE IN Q2!! ETHEREUM TO BE A ‘STORE OF VALUE’ SAYS SKYBRIDGE CEO!!
💰 Crypto’s Next $1 Trillion Coin: http://teeka.cryptonewsalerts.net
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: “Adoption 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.”
“A 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.”
In other trending Bitcoin News today:
Ethereum To Be a ‘Store of Value,’ According to Skybridge Capital’s 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, he’s mainly focused on Bitcoin (BTC), but sees big things happening for Ethereum in the future.
“I think there’s a very big market for Ethereum and I predict that Ethereum has good fundamentals and will grow, but I’m in an institutionalist sort of business. I think like an institutionalist, and I’ve got to get my clients thinking about cryptocurrency and digital assets. So as a first step, I’m focused on Bitcoin and we only have now a Bitcoin fund.”
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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
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BITCOIN CRASH 55% FROM IT’S ALL-TIME HIGH BUT $83,000 BTC PRICE NOW IN THE CARDS FOR MID-JUNE!!
💰 BlockFi: (Up To $250 Bitcoin Bonus) https://blockfi.com/cryptonewsalerts
Bitcoin is now down 55% ($35,000) since it’s all time high near $65,000 making this the biggest BTC correction by far this year. Two key Bitcoin price metrics signal that whales bought the dip, a hint that BTC may be gearing up for a new all-time. If history repeats and a 95% rally follows this Bitcoin crash, BTC could reach $83,000 in mid-June.
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🔥 Binance – Buy, Sell or Trade Over 400 Altcoins: ► http://binance.cryptonewsalerts.net
🔥 [IMPORTANT] – Secure your crypto with a Trezor or Ledger hardware wallet:
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://markets.businessinsider.com/currencies/news/bitcoin-michael-saylor-microstrategy-purchases-10-million-cryptocurrency-musk-2021-5-1030442667
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BLOOMBERG REPORT: Bitcoin (BTC) Is A 'Caged Bull' Set For A K Breakout! | Chainlink Hits New ATH
➡️ Teeka Tiwari – Investment of the Decade: http://2020.cryptonewsalerts.net
A new 2020 crypto outlook report on Bitcoin from Bloomberg has been released, revealing just how bullish the company’s analysts are on BTC suggesting that the current active addresses point to prices closer to $12,000 in the short term.
Bloomberg researchers are growing increasingly bullish on the first-ever cryptocurrency.
The current global economic environment is the perfect recipe for the asset’s price to climb higher, according to the brand. “Unparalleled global central bank easing and rising gold values are enduring trends favoring a higher Bitcoin price,” the report reads.
Bloomberg researchers believe that the low volatility in the asset transitioning from a speculative asset to digital gold. Volatility recently reached lows compared to major stock indices like the Nasdaq.
The asset’s hard capped supply of just 21 million BTC versus steadily growing demand tips the scales “toward price appreciation,” they say.
The report also claims that based on active Bitcoin addresses, fair market value is closer to $12,000 for the leading cryptocurrency by market cap.
Data sets also show that Bitcoin is maturing and volatility is decreasing compared to the stock and commodities markets.
A comparison with crude oil, Bloomberg says, demonstrates “nascent technology designed to increase in fiat-currency terms vs. the primary commodity that’s deflationary and redundant.”
They further conclude that Bitcoin is a “caged bull set for a breakout, and claim the asset is eying resistance at $13,000.
Breaking through that level would allow the cryptocurrency to attempt a retest of its former all-time high.
This peak was set back at the height of the crypto hype bubble at $20,000.
But what do Bloomberg researchers think about altcoins?
They suggest that the “oversupplied crypto market has little chance of appreciation” without a Bitcoin bull run.
With Bloomberg essentially claiming a new Bitcoin bull run is just about here, the entire crypto space could once again see soaring prices.
In other trending Crypto News today:
Chainlink just set a new all-time high, with LINK prices pushing $5.6. Despite investor optimism around the altcoin, data shows that big investors are getting ready to take profits.
Roughly $200 million was injected into Chainlink over the past 24 hours.
The substantial buying pressure behind this altcoin allowed it to turn a mid-March’s high of nearly $5 into support.
Following the upswing, investors seem to have FOMOed, pushing LINK’s price further to reach a new all-time high of $5.60.
And in other trending Bitcoin News today:
Bitcoin-Friendly Kanye West Running for US President 2020, Taking on Donald Trump and Joe Biden
Kanye West announced on Independence Day that he is running for president of the United States in 2020, taking on Donald Trump and former Vice President Joe Biden.
Responding to the bitcoin-friendly singer with 21 Grammy Awards, Tesla and Spacex CEO Elon Musk said West has his full support.
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🔥 [IMPORTANT] – Secure your crypto with a Trezor or Ledger hardware wallet:
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:
We must now realize the promise of America by trusting God, unifying our vision and building our future. I am running for president of the United States 🇺🇸! #2020VISION
— ye (@kanyewest) July 5, 2020
Bloomberg Researchers Bullish on Bitcoin, Demand Points To $12,000
https://data.bloomberglp.com/professional/sites/10/Bloomberg-Indices-Outlook_Cryptos_July-2020.pdf
https://news.bitcoin.com/bitcoin-kanye-west-running-for-president-2020-donald-trump-joe-biden/
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