BITCOIN WAVE 2 PROJECTED PEAK OF $84K NOVEMBER 9TH-15TH IN PLAY!! NASTY BTC CRASH PREDICTION!!

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A model on XRP price development predicts that the ‘Crypto-asset’ will go to ZERO by next February.

Ripple XRP has underperformed, and plotting a linear regression predicts more crashes to a lower price range.

XRP is one of the assets that has remained stagnant in 2019 and unraveled further in the past month.

Popular Crypto analyst Alex Kruger shared on CryptoTwitter:

“Regressing $XRP against time starting Jan/1/2018 using a linear regression forecasts price to hit zero next February. Perspective”

There is no telling if Ripple’s token would behave according to the linear regression model.

But the asset has lost credibility, and there are no forces to lift the price.

During the recent price drop, XRP fell way below the $0.25 mark that was seen as a bounce area and slid as low as $0.21 before bouncing a cent.

The XRP market also saw a trading anomaly this Monday, with volumes exceeding $9 billion, with no clear explanation.

But the rally did not manage to lift the XRP price. In other BTC News today, the Crypto markets turn green and the Bitcoin price recovers above $7,500.

Crypto markets continue to improve, with the Bitcoin (BTC) showing signs of recovery.

Bitcoin started the day at $7,190, at which point the world’s largest Cryptocurrency coin found an intra-day low of $6,900 before moving up again to its current trading price near $7,540.

After a rollercoaster 24 hours, the BTC price is showing an impressive gain of more than 5% for the day.

Could Bitcoin’s next target be $8,100?

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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:

What caused 2018 #bitcoin bear market? CME futures, MtGox curator selling, ICO crack down, Bitmain troubles? Nobody knows.

What I do know is: 2017 ATH was out of S2F model prediction bands, and 2018-2019 prices were perfectly within S2F model band. Looking forward to 2020-2021. pic.twitter.com/yPuArI1uOT

— PlanB (@100trillionUSD) November 27, 2019

WTF is with #XRP‘s volume?? O_O It’s nearly 70% of it’s market cap right now and yet the price is plummeting??

Something SERIOUSLY fishy is going on right now.

— Jayed: The XRP Martian (@JayedMartian) November 25, 2019

What caused 2018 #bitcoin bear market? CME futures, MtGox curator selling, ICO crack down, Bitmain troubles? Nobody knows.

What I do know is: 2017 ATH was out of S2F model prediction bands, and 2018-2019 prices were perfectly within S2F model band. Looking forward to 2020-2021. pic.twitter.com/yPuArI1uOT

— PlanB (@100trillionUSD) November 27, 2019

XRP Price Could Go Down to $0 by Next February: Alex Kruger

https://cointelegraph.com/news/crypto-markets-are-turning-green-bitcoin-recovers-above-7-500

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Dan Morehead, founder of Pantera Capital, says the Bitcoin price has a pretty good shot at hitting $100,000 per BTC by the end of next year.

Along with Micheal Sonnenshein of Grayscale Investments, together they share their bullish forecasts on the Bitcoin (BTC) price trajectory.

On a new episode of the Money Movement podcast, Morehead says he and his firm remain bullish on the godfather of cryptocurrency.

He believes BTC is gearing up for another bull run that would be deemed “ludicrous” by traditional standards.

“[Bitcoin’s] got a nine-year 209% compound annual growth rate and we think it will continue, and it’s just that simple. It has some bubbles, it has some down trades, but if it got back on that trend it would be at $100,000 at the end of next year.

In the normal markets, saying something goes up 10x is ludicrous and you’d be ridiculed but, it happens every three or four years and all the factors are coming together. So I think it is a pretty good shot that hits $100,000 at the end of next year.”

Sonnenshein says people shouldn’t be putting money into Bitcoin unless they can afford to lose it.

He cites a recent report from Grayscale that compares BTC’s current market structure to 2016 before the coin began a historic 4,400% rally.

“In my opinion, Bitcoin is not something people should be putting more money into than they can afford to lose. Think of it as an early-stage technology.

Buyer beware, it does have those 80% drawdowns, but from here, Bitcoin is either a hell of a lot higher and a lot more valuable than it is today, or something somehow comes along and displaces Bitcoin and we all move on to something else.”

In other trending Bitcoin News today:

This Newly Created Crypto Asset Just Surged 6,200% – And Bitcoin Trader Josh Rager Says It’s Just Getting Started

Crypto strategist and trader Josh Rager is a keeping a watchful eye on a new crypto token that has skyrocketed by about 6,200% in less than a month.

Rager tells his 87,000 Twitter followers he sees Shroom.Finance (SHROOM) doubling in value in the next 30 days.

“SHROOM is currently near $0.01 and if MEME can go from $30 to $1600 in one month, there’s no reason why SHROOM can’t go from current price to $0.50+ the coming month if Shroom bridges gaming, DeFi and NFTs, especially as liquidity is added in the coming weeks as LPs will be rewarded.”

According to its website, Shroom.Finance is a fork of the Sushiswap protocol.

The new crypto asset seeks to build community-owned DEXes (decentralized exchanges) that specialize in the $10-billion in-game asset industry.

“We foresee a future where in-game assets, fungible and non-fungible, trade freely in a decentralized fashion, and we are here to take that spot and facilitate the ownership to a community of gamers.”

Rager points to the emergence of the widely-talked about non-fungible tokens (NFTs) as a possible bullish catalyst for SHROOM.

“Let’s just say NFTs are one of the hottest trends to hit 2020. And Shroom Finance team is building a decentralized ecosystem for in-game assets trading and minting. This includes NFTs (ERC-721, ERC-1155) and ERC-20 token standards. I’m really bullish on SHROOM for long term.”

The trader also says that Shroom.Finance’s new DEX will allow SHROOM holders to participate and generate income via yield farming.

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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:

Prepare for a great Q4 2020 for BTC folks (blah blah, de-coupling, blah blah, new correlations). The difficulty ribbon is one of my more reliable personal favourites. https://t.co/syPL4RfFTD

— Willy Woo (@woonomic) September 28, 2020

$SHROOM is currently near $0.01 & if MEME can go from $30 to $1600 in one monthThere’s no reason why SHROOM can’t go from current price to $0.50+ the coming month if Shroom bridges gaming, defi & NFTs

Especially as liquidity is added in the coming weeks as LPs will be rewarded

— Josh Rager 📈 (@Josh_Rager) September 21, 2020

https://dailyhodl.com/2020/09/28/btc-set-to-erupt-in-ludicrous-bull-run-says-crypto-fund-manager-dan-morehead/

https://dailyhodl.com/2020/09/28/this-newly-created-crypto-asset-just-surged-6200-and-bitcoin-trader-josh-rager-says-its-just-getting-started/

https://cointelegraph.com/news/bitcoin-difficulty-ribbon-chart-hasnt-been-this-bullish-since-march

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As Bitcoin inches closer to its previous $20K all-time high, Bloomberg analyst Mike McGlone shared on Bloomberg TV that he’s bullish on what’s next for the benchmark cryptocurrency in the future and even predicted a $170,000 BTC price point by 2022.

Bitcoin closed Thursday at $17,821, slightly above the previous day and also a new 2020 high. It’s also the highest it has reached in the last three years. 

With Bitcoin now less than $2,000 away from its previous high of just below $20,000, analyst Mike McGlone from Bloomberg believes the dominant crypto is not yet finished in its ascent.

McGlone said that since Bitcoin added one in front of its number compared to last year, it will likely add a zero to the back of its number next year or by 2022. 

“If you look at past performance, which is potentially indicative of the future, next year or two could add a zero to the back of the number,” he said on Bloomberg TV.

Bitcoin ended 2019 at $7,000 and is now at $17,000. This means McGlone was right that the cryptocurrency added a one at the front of its number. 

If Bitcoin adds zero at the back of its number, that’s a price of $170,000, as McGlone predicted.

McGlone pointed out that Bitcoin’s price increase is because of people’s perception that it is digital gold, Cointelegraph reported. 

Gold, a store of value, has also breached past $2,000 in a new all-time high and is now consolidating.  

With that, Bitcoin could likely be consolidating at this price point as well, with $20,000 only acting as short-term resistance. 

“I’m afraid it’s probably going to do what gold did. It got to $2,000, and then that’s been consolidating in a bull market since,” McGlone continued.

Finally, McGlone mentioned that institutional FOMO (fear of missing out) is also the likely reason why the new price run is different from the one in 2017. 

Both Microstrategy, a billion-dollar company, and payments firm Square announced that they have put Bitcoin as part of their reserves. PayPal Holdings Inc. recently allowed U.S. customers to purchase Bitcoin. 

In other trending Bitcoin News Today:

“Price Target $300K? Bitcoin Has No Top Because Fiat Money Has No Bottom – Max Keiser”

The hosts of RT’s Keiser Report, Max Keiser and Stacy Herbert, look at Citibank coming out with ‘moonmath’ on bitcoin with a hugely bullish price target of $318,000 by December 2021.

Max says that he can’t believe what Citibank is saying because it is becoming “even more aggressive” on the price than John McAfee who has always been “crazy beyond the pale price predictions.” According to Max, Citibank is now kind of “taking the price prediction crown.” 

According to Max, more banks will be competing with each other to come up with higher and higher price predictions. 

“But none of them are going to capture the ultimate bull market number because remember, bitcoin has no top because fiat money has no bottom.”

4 Reasons Why Bitcoin Price Is On The Verge Of A New All-Time High

Earlier today the price of Bitcoin (BTC) hit $18,815 on Binance for the first time in nearly three years. Following the breakout, BTC is on track to see a new all-time high in the near term for four significant reasons.

The factors that make a new record high likely are growing institutional demand, reduced selling pressure, a spot-driven market rally, and the significance of the $18,500 resistance breach.

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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://www.ibtimes.com/bitcoin-price-prediction-btc-may-reach-170000-2022-bloomberg-strategist-says-3085760

https://www.rt.com/business/507167-bitcoin-price-has-no-top/

https://cointelegraph.com/news/4-reasons-why-bitcoin-price-is-on-the-verge-of-a-new-all-time-high