BITCOIN TO TOP $90K AND ETHEREUM SKYROCKET TO $15K IF HISTORY REPEATS SAYS NEW CRYPTO KRAKEN REPORT!

Investing in Bitcoin (BTC) can be quite intimidating if you’re only just learning about its existence now.

In fact, taking the plunge and entering the cryptocurrency sphere is a risk for anyone, with or without investment experience.

This is because the crypto space has no centralized authority to guide investors.

Rumors, hype and horror stories dominate the internet, and separating fact from hearsay can be difficult at times.

Discover the top 5 tips for new Bitcoin investors in todays show.

We also discuss the extremely bullish BTC price prediction of John McAfee that Bitcoin will reach $1 million in 2020 could be based on how the asset’s price action developed during the 2013-2014 boom.

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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.

News Resources From Today’s Show:

Rumors of Bitcoin’s death have been greatly exaggerated:)

— John McAfee (@officialmcafee) October 27, 2019

BREAKING: The 4th bank to fail this year in China is now flooded with citizens rushing to withdraw their savings as fast as they can.They’re being offered extra interest and even gift cards to stop withdraws.

Bitcoin isn’t a get rich quick scheme, it’s a get free quick scheme.

— Rhythm (@Rhythmtrader) October 31, 2019

John McAfee’s $1M Bitcoin Prediction Mirrors 2013-2014 Bull Market

https://cointelegraph.com/news/top-five-tips-for-new-bitcoin-investors

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High-profile crypto strategist Peter Brandt says Bitcoin appears to be setting up for a big move that will propel the BTC price to a new all-time high.

The veteran trader tells his 364,000 Twitter followers that he sees Bitcoin ending its multi-year bear market en route to a surge of 400%.

“That is actually where my head is. Massive symmetrical triangle in BTC points to ATHs, then $50k”

The top cryptocurrency briefly climbed above psychological resistance of $10,000 on Sunday.

Brandt also sees the possibility of a long-awaited breakout for XRP.

“XRP/BTC forming a possible inverted H&S bottom. Maybe Ripple Labs, the bag holder, will be able to pull a cat out of the bag.”

Another closely-followed crypto analyst who goes by the name The Crypto Dog tells his 203,000 Twitter followers that he believes the XRP/BTC pair is on the cusp of a new uptrend.

“This is literally the very beginning for XRP. Let it ride.”

In other trending Bitcoin News today:

Ethereum Price Hits 2020 High: Key Reasons Why ETH Outperforms Others

The price of Ethereum (ETH) has reached a new yearly high at $322, surpassing the previous high achieved in February 2020.

Three key catalysts are seemingly behind the ETH rally. Since early 2020, the anticipation of Ethereum 2.0, which would enable staking for users, pushed the demand for ETH upward.

Staking allows users to receive incentives when miners are eliminated from the Ethereum network.

A proof-of-stake consensus algorithm does not need miners on the protocol.

Instead, users with a stake in ETH collectively process data and information through staking.

In return, they receive rewards in the form of ETH.

After the so-called “Black Thursday” correction on March 13, when ETH briefly dropped below $90, the DeFi market began to expand rapidly.

When new protocols, like Compound, introduced their incentive systems, the demand for decentralized finance increased even further.

In May, less than $1 billion was locked in DeFi platforms. As of July 26, more than $3.75 billion is locked across various DeFi protocols.

The optimism around DeFi and Ethereum 2.0 eventually led to Ether spot and options markets setting record high volume and open interest.

Since the start of the second quarter, the ETH options market has continuously soared to new highs in terms of trading activity.

Consequently, it intensified the uptrend of ETH in a short period. Cryptocurrency on-chain market data analysis firm Santiment said ETH broke out of $300 for the 42nd time in history.

An upsurge above $350 would be significant, according to researchers, because it has only happened three times in the past. Santiment stated in a tweet:

“It’s clear that Ethereum is sitting in its ‘sweet spot’ where the most polarization has historically unfolded (between the $200 and $300 levels) during its five year history.”

Based on the technical market structure of Ether, some traders said that $308 and $400 remain as the key short-term resistance levels.

Michaël van de Poppe, a Cointelegraph contributor and a full-time trader at the Amsterdam Stock Exchange, said in a tweet that ETH has increased higher than expected:

“Going a little higher than the plan initially was, a month ago. But we’re doing fine. Might be on the resistance at the $308 level. But that’s basically final hurdle before $400+, to me.”

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Trezor: ► http://trezor.cryptonewsalerts.net

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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:

That is actually where my head is. Massive symmetrical triangle in $BTC points to ATHs, then $50k

— Peter Brandt (@PeterLBrandt) July 25, 2020

https://www.coindesk.com/research/reports/ethereum-2-0-how-it-works-and-why-it-matters

https://cointelegraph.com/news/ether-price-hits-2020-high-key-reasons-why-eth-outperforms-others

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The Winklevoss Twins, co-founders of the Gemini crypto exchange, recently stated that the Bitcoin price will hit $500K in the years ahead due to BTC having the potential to outpace gold:

“Inflation is coming. Money stored in a bank will get run over. Money invested in assets like real estate or the stock market will keep pace. Money stored in gold or BTC will outrun the scourge. And money stored in BTC will run the fastest, overtaking gold…

Nonetheless, we believe that BTC will continue to cannibalize gold and that this story will play out dramatically over the next decade. The rate of technological adoption is growing exponentially. Software is eating the world and gold is on the menu.”

Raoul Pal, CEO of Real Vision and a former hedge fund manager, also recently stated that Bitcoin could hit $1,000,000 in this market cycle.

He believes that institutional investment in the cryptocurrency will drive this rally.

Pal recently stated that he has over 60% of his net worth in Bitcoin or Ethereum, citing his belief that the cryptocurrency market may be the best trade of his lifetime. He added that he would not be surprised to see his personal allocation to Bitcoin increase toward 80% or even higher in this market cycle.

According to a macro analysis by crypto-asset trader Josh Rager, Bitcoin is on the verge of an exponential uptrend.

The trader shared the chart below, noting that every time “Bitcoin has closed above the previous monthly all-time high,” a 700-1,000 percent uptrend followed suit.

Bitcoin will likely do this once again if November closes above $14,000.

What could follow is a surge toward $100,000, or potentially even higher:

“Every time Bitcoin has closed above the previous monthly all-time high – a 700% to 1000% uptrend has followed. November could be the first monthly close that we see breaking the previous high and historically that’s been a very bullish sign for the crypto market”

In other trending Bitcoin News today:

“Bitcoin Price Climbing to $20,000 and Volatility Spike in November Very Likely: Kraken Report”

Kraken released its August Bitcoin Volatility Report 2 months ago.

Then the cryptocurrency exchange sounded supremely confident about BTC registering higher highs as the year ends.

In its October version of the same report, Kraken has maintained its bullish stance.

November will see bitcoin log much higher price and volatility rallies.

Also, BTC might as well be on the way to reclaiming the previous all-time high of $20,000. In other breaking BTC news today:

“Iran Becomes First Country to Embrace Bitcoin as Medium of Exchange”

Max Keiser, host of the Keiser Report recently tweeted:

“Iran is winning Global Hash War. America is being left behind. Very little time left for US to get going otherwise US economy will get REKT”

The Central Bank of Iran (CBI) announced Thursday that it would be utilizing legally mined cryptocurrency to pay for imports. 

Bitcoin, which political dissidents in the United States and beyond have been using after being locked out of banking services, will be mined by

Iranians with subsidized electricity from three of the nation’s power plants.

They are the first nation to declare the currency an official medium of exchange. 

Iran is taking these measures due to aggressive attacks on its economy by the United States Treasury, which is controlled by Jewish investment bankers Steve Mnuchin and Justin Muzinich. 

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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:

Iran is winning Global Hash War America is being left behind

Very little time left for US to get going otherwise US economy will get REKThttps://t.co/CPgTxiR1IJ

— Max Keiser (@maxkeiser) November 11, 2020

https://cryptopotato.com/bitcoin-price-climbing-to-20000-and-volatility-spike-in-november-very-likely-kraken-report/

Macro Analysis Predicts Bitcoin Has Begun Rally Toward $100k

https://national-justice.com/current-events/iran-becomes-first-country-embrace-bitcoin-medium-exchange

https://finance.yahoo.com/news/world-second-biggest-bank-issue-092348073.html

https://cointelegraph.com/news/bitcoin-price-reclaims-15-5k-after-whales-sell-the-most-btc-since-march