BITCOIN WHALE MOVEMENTS SIGNAL CRYPTO MARKET BOTTOM IS IN, SAYS ON-CHAIN ANALYST WILLY WOO!!

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Evaluating past Bitcoin price performance, a popular cryptocurrency proponent noted that the BTC price could “moon” to $430,000 by late 2021.

Although history is not a precise indicator for future price developments, a popular cryptocurrency analyst made a compelling forecast showing that if Bitcoin repeats its 2016-2017 bull run with the same percentage increases, it will end up at $430,000 in 2021.

The primary cryptocurrency has built a reputation for beating unfavorable odds in the past.

Its volatility is well-known among investors with some historical price surges and drops. 

According to the popular cryptocurrency analyst CryptoBull, if Bitcoin is to repeat its performance over the past bull run, it could end up at $430,000.

He based his views on previous multi-year cycles.

BTC reached a top in late 2013 at above $1,000 before it entered a bearish market for the next two and a half years.

It finally managed to break above the long resistance in mid-2016 and, in doing so, began one of the most impressive bull runs in its relatively short history.

In the next year and a half, Bitcoin went from $420 to an all-time high of nearly $20,000 in December 2017.

This equaled a surge of approximately 4,600%.

After the parabolic price increase of 2017/2018, BTC went again into a negative spiral for about two and a half years.

CryptoBull pointed out that it broke out of the resistance after it conquered $9,400 a few weeks ago.

As such, since the two scenarios appear identical so far, another similar increase of 4,600% will take the asset to a record of $430,000.

Per CryptoBull’s chart, BTC could reach $430,000 in late 2021.

Perhaps this sounds a bit far-fetched to most now since Bitcoin has just entered the low five-figure price range.

Additionally, with over 18,5 million bitcoins mined by then, this would skyrocket the asset’s total market cap to $7,955,000,000,000 (almost $8 trillion).

This will place Bitcoin very close to the current gold’s market cap of over $10 trillion.

In other trending Bitcoin news today:

Best Weekly Close Since $20K? 5 BTC Price Factors to Watch This Week

Looming Bitcoin futures gaps and mainstream interest are providing the perfect environment for another week of volatility.

Bitcoin (BTC) begins a new week at over $11,000 after a wild weekend saw the market crash $1,200 in minutes — will the chaos continue?

Here’s five factors that could easily impact Bitcoin price action over the coming days:

1. Bitcoin futures gaps keep building

More than usual, this week looks set to be big in terms of Bitcoin-specific market phenomena. 

2. Warnings over US dollar’s downfall

The situation is precarious — Bitcoin’s rise over the past few weeks has come as the dollar sees a protracted fall.

At the same time, investors have rushed into safe havens such as gold and silver.

3. Gold on track for $2,000

Gold sentiment may act as a precursor to any changes in Bitcoin’s progress.

The precious metal remains at all-time highs in USD terms, on track to pass the psychologically significant $2,000 mark.

4. Consumer BTC interest is palpable

“People are trying to jump on momentum.

The entire crypto market is a microcosm of everything happening in stocks,” analyst Mati Greenspan summarized to the Wall Street Journal.

5. Altcoins aren’t done yet

Bitcoin is still tussling with altcoins in terms of profitability, with Ether continuing to crush long-term resistance on multiple timeframes.

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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/goldman-sachs-gold-will-hit-2-300-by-2022-what-about-bitcoin

https://cointelegraph.com/news/best-weekly-close-since-20k-5-btc-price-factors-to-watch-this-week

https://cryptopotato.com/if-history-repeats-bitcoin-price-at-430000-during-next-bull-run/

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According to Dan Held, growth lead at Kraken, Bitcoin is currently experiencing a supercycle that could propel it all the way to $1 million.

In Held’s view, this market cycle is fundamentally different from previous ones. “This is one in a hundred year moment”, he said, mentioning the coronavirus crisis, growing distrust in financial institutions and central bank money printing as catalysts of the current crypto bull market.

“People aren’t just in it for a speculative run anymore. People are buying it because they see Bitcoin’s value”, he explained.

Held is also convinced that once Bitcoin will reach its full potential as digital gold, it will challenge governments’ monopoly over money.

“Bitcoin undermines their entire power and authority by removing money from their ownership,” he said.

At that point, governments will see crypto as a threat and crack down on it in what Held defines as a “crypto mass extinction event.” According to Held, altcoins won’t be able to survive such an attack, since most of them are “degrading their censorship resistance and decentralized properties in order to increase their throughput.” Bitcoin, however, was specifically designed to resist such censorship.

“Satoshi built the Blockchain to build Bitcoin, and he built it to be an incredibly resilient tool against governments,” Held said.

In other trending Bitcoin News today:

Morgan Stanley Rumored To Be Eyeing Stake In Top Korean Exchange Bithumb

According to Korean media, U.S.-based multinational investment banking giant Morgan Stanley is rumored to be negotiating the acquisition of a significant share in leading Korean cryptocurrency exchange, Bithumb.

The news was reported on March 18 by Aju News, with Bithumb reportedly in discussions with major Bithumb shareholder, Bident — who owns a roughly 10% stake in Bithumb Korea.

A March 19 article from leading local search engine Naver states that Morgan Stanley is planning to invest between 300 and 500 billion Korean won ($254 million to $441 million). The report cited an anonymous senior Bithumb representative as stating, “Morgan Stanley participated in the acquisition of Bithumb.”

“The reason Morgan Stanley used Bident is because it understood that Bident has the right to negotiate a preferred sale to acquire Bithumb Holdings,” said a second anonymous source familiar with the matter.

Cointelegraph markets analyst Joseph Young shared the news to Twitter, noting Bithumb is targeting a $2 billion valuation.

The news comes two days after Cointelegraph reported on an “internal memo” from Morgan Stanley announcing the firm will launch three funds enabling Bitcoin ownership for wealthy customers with “an aggressive risk tolerance.”

Eligible clients must be accredited investors and hold at least $2 million worth of capital with the company. Minimum investments into the funds are $5 million.

Commenting on the news, Devin Ryan of U.S. investment bank JMP Securities predicted Morgan Stanley’s crypto-friendly funds will prompt other financial institutions to explore offering their clients exposure to digital assets.

“Motivations range from missing the opportunity at best, or at worst, seeing business disruption if clients decide better alternatives exist, which could negatively impact growth or competitive positioning,” Ryan said.

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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:

Wow.Morgan Stanley is reportedly bidding for Bithumb, South Korea’s top crypto and bitcoin exchange, for $2 billion valuation.Slowly, then surely.

The explosiveness of institutional interest in this space right now is unprecedented.

— Joseph Young (@iamjosephyoung) March 19, 2021

More and more people are beginning to understand how #Bitcoin demonitizes violence. If you want peace switch to a Bitcoin standard.

“Max Keiser Makes Claim That Bitcoin Could Prevent 9/11 Attacks” https://t.co/h7fRq3kBrA

— Max Keiser (@maxkeiser) March 18, 2021

https://cointelegraph.com/news/supercycle-may-propel-bitcoin-over-1-million-kraken-s-dan-held-says

https://cointelegraph.com/news/morgan-stanley-rumored-to-be-eyeing-stake-in-top-korean-exchange-bithumb

https://cointelegraph.com/news/bitcoin-price-facing-final-resistance-before-68k

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Discover the ‘Final 5’ Teeka Tiwari picks of 2020 before the infamous Bitcoin halving.

Regardless what happens next to the BTC price, these cryptocurrency projects from Teeka simply cannot be ignored…. Teeka Tiwari is back with ‘5 Coins to $5 Million’: THE FINAL 5

“FIVE Tiny Cryptocurrencies That Could Turn $500 Into $5 Million…

Thanks To A Crypto Market Phenomenon Guaranteed To Hit In Roughly 50 Days”

This Could Be The Biggest Millionaire-Making Event In Human History (It’s NOT The Bitcoin Halving) For the past six months, Teeka Tiwari – the independently ranked #1 most trusted person in crypto – has been on a world tour, investigating a rare crypto market phenomenon…

100% guaranteed to happen only once every four years. (It’s not the halving. The answer may surprise you.)

Over 100 billionaires and wealthy investors are in a buying frenzy right now, preparing for this phenomenon.

The last time it occurred in 2016 (we won’t see it again until 2024), you could’ve turned $500 into as much as $5 million – in 10 months.

During this landmark online training event, Teeka will fly you to the hidden-in-plain-sight epicenter of this phenomenon… so you can see with your own eyes: It’s real.

It’s 100% guaranteed to hit in roughly 50 days.

And it could be bigger than any other phenomenon before.

Bitcoin Price Sinks to $4,390 as Dow’s 1,000-Point Drop Risks Bigger Breakdown

Bitcoin (BTC) jumped towards $6,000 in overnight trading as Federal Reserve reduced its benchmark interest rates, but trimmed gains as some traders liquidated their positions for cash amid sell-off in stocks.

The bitcoin-to-dollar exchange rate plunged to $4,396.50 by 10:05 UTC, bringing its 24-hour losses further up by 13.78 percent. The bitcoin futures contracts listed on CME were also trading 15.67 percent lower into the day – at $4,495 – signaling that the cryptocurrency could dip further heading into the Monday’s US session.

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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:

A really cool fractalI added some context to it, comparing the virus with the 2008 crashGann analysis on the price and time aspects shows high confluence for this scenario with near ATH levels around EOY/NY

Kudo’s to @CryptoCapo_ and @kenzboard who showed me the fractal pic.twitter.com/JHTPZO6s1w

— //Bitcoin 𝕵ack 🐐 (@BTC_JackSparrow) March 15, 2020

S&P 500 futures stuck at -5% limit down *after* the Federal Reserve announced 100 basis point rate cut, $700 billion in QE, and an abolishment to reserve requirements.The Fed has shot nearly all of its ammo — seemingly no bullets landed.

So what’s next?

— Nick Chong (@_Nick_Chong) March 16, 2020

With the FED effectively cutting interest rates to zero, it seems evident that negatives rates are just around the corner. Good thing there’s a plan B.#bitcoin

— Jonathan Leong (@BTSEJonathan) March 16, 2020

While it’s crazy that #gold is down so much, it’s even crazier that #Bitcoin is down so little. Though gold is down 4% and Bitcoin is down 15%, one Bitcoin still buys three ounces of gold. That’s a great exchange rate. Hodlers had better act quick or they will miss their chance.

— Peter Schiff (@PeterSchiff) March 16, 2020

Scarily Accurate Fractal: Bitcoin Will Trade at $20,000 By Q1 2021

Bitcoin Sinks to $4,390 as Dow’s 1,000-Point Drop Risks Bigger Breakdown