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In this exclusive interview with CMDX founder Tom McMurrain, the early cryptocurrency adopter predicts Bitcoin to 10-20x in value by the year 2026, which suggest a $580,000 – $1,160,000 BTC price.
He also reveals his bullishness for Ethereum, saying he sees the leading smart contract platform growing 100x bigger than it is right now suggesting a $400,000 ETH price.
“I think we’re gonna hit the tipping point of people having wallets by the end of 2023. That means that 13% of the world has a cryptocurrency wallet.
Then I see from 2023 – 2026 is when mass adoption occurs. Realistically we’ll peak out at 10 years later so 2030 is what I’m looking at.”
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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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MAX KEISER SAYS $77K BITCOIN SHORT-TERM IS A LOCK AS HASH RATE KEEPS HITTING NEW ALL-TIME HIGH!!
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Bitcoin pioneer Max Keiser, RT host of the Keiser Report and Orange Pill Podcast says $77,000 BTC short term target is a lock and predicts the king cryptocurrency will hit $220,000 in 2021 easy.
“Bitcoin hash keeps hitting new ATH. It’s a leading indicator. Based on the current number, $77,000 (short-term) is a lock.
A “Paradigm shift” means bonds crash 50-70% and trillions move into Bitcoin getting us to $220,000 in 2021.
If the Fed loses ability to prevent the market from crashing bonds (as it should) then yea, my Bitcoin to $220,000 in 2021 prediction is easy!”
Another top trader says the Bitcoin bottom is in and plots a new BTC all-time high in March of $80,000, right in alignment with Max’s prediction.
A closely-followed crypto strategist whose credibility in the crypto space rose after nailing Bitcoin’s collapse in March 2020 says he expects BTC to bottom out and print a new all-time high in the coming weeks.
In a new tweetstorm, the analyst known in the industry as Capo looks at a number of technical indicators to show why he believes Bitcoin has carved a bottom.
The trader explains that the steep decline in Bitcoin’s open interest, which refers to the number of contracts held by market participants, is bullish for the leading cryptocurrency,
“Same as the other time (January drop), open interest (OI) has dropped with the price. Late longs got rekt. This drop on the OI due to late longs liquidations mostly, has helped the funding rates to reset. Also, shorts are trapped. They think price hasn’t reached its bottom, so they are shorting the bounce, causing the funding to tend to be negative (bullish).”
Capo also highlights that a concealed divergence on both the Ethereum and Bitcoin charts between the assets’ relative strength index (RSI) and price may indicate that momentum is swinging to the side of the bulls.
“BTC and ETH RSI is forming hidden bullish divergences again, on the high timeframes. This divergence means trend continuation when confirmed. Pivot (invalidation) for BTC: weekly candle close below $33,000. Confirmation for BTC: weekly close above $57,000.”
In addition, the crypto analyst notes that whales are buying the BTC dip, suggesting that the largest crypto holders are building a new base for the next leg up.
“Institutions/whales keep accumulating at these levels. Coinbase Pro outflows going up like crazy.”
With Bitcoin gearing up for the next phase of the bull cycle, Capo believes that the leading crypto asset will skyrocket to a new all-time high of around $80,000 before the end of March.
“BTC new potential range between $60,000 and $42,000. Target after consolidation above the range high: about $80,000.”
In other trending Bitcoin News today:
Bitcoin Sell-Off Over? Strong ‘Buy The Dip’ Signal Flashes For The First Time In 5 Months
The price of Bitcoin (BTC) has dropped to the key $44,000-$45,000 support level on Feb. 28 for the third time in the past week.
“It’s a whale war, and you know who got the real power.
“US Institutional Investors
– Coinbase Outflow = STRONG BUY
– Coinbase Premium = BUY
BTC Whales
– BTC Reserve = BUY
– Stablecoin Inflow TXs = BUY
Miners
– Miner Outflows = SELL
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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:
It’s a whale war, and you know who got the real power.US Institutional Investors– Coinbase Outflow = 🟢STRONG BUY– Coinbase Premium = 🟢BUYBTC Whales– BTC Reserve = 🟢BUY– Stablecoin Inflow TXs = 🟢BUYMiners– Miner Outflows = 🔴 SELL
– Miner to Exchange Flows = 🔴 SELL pic.twitter.com/fhVBp8qocm
— Ki Young Ju 주기영 (@ki_young_ju) February 28, 2021
UTXO Realized Price Distribution. This is the on-chain, more precise version of volume profile. The peaks represent the price where most coins changed hands. $45k upwards is very strong support.Any dip (if you’re are lucky) into $39k is a no-brainer BTFD.
Data: @glassnode pic.twitter.com/Z4xbEr0jTv
— Willy Woo (@woonomic) February 27, 2021
Top Trader Says Bitcoin Bottom Is In, Plots New BTC All-Time High in March
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BITCOIN PRICE WILL REACH 8K BY DECEMBER 2021 AS 'THE NEW GOLD', SAYS CITIBANK ANALYST!!
➡️ REPLAY: “The Crypto Catch-Up” – http://teeka.cryptonewsalerts.net
Bitcoin is the new gold, said Thomas Fitzpatrick – a Managing Director in the giant multinational bank Citibank.
He also predicted that BTC could skyrocket to $318,000 per Bitcoin in the upcoming 13 months by exploring several historical price cycles and the ongoing economic uncertainties.
Fitzpatrick has spent 22 years as the Global Head of Citibank’s G10 Forex business arm called Citi FX Technicals. Apart from analyzing the foreign exchange market, though, he recently explored the performance of gold and Bitcoin as outlined by a popular cryptocurrency commentator.
The Managing Director at Citibank emphatically noted in the report that “Bitcoin is the new gold.” He highlighted BTC’s limited supply and digital form as two of its most distinctive features.
Bitcoin also “moves across borders easily and ownership is opaque.” That last point is “very relevant” as “the huge Fiscal deterioration of today has a cost in the future, either directly or indirectly.”
Additionally, Fitzpatrick weighed in on the argument of how would central bank digital currencies (CBDCs) impact the primary cryptocurrency and world economies:
“This is a double-edged sword. On one side, it [CBDC] creates a much more effective mechanism for distributing stimulus (particularly fiscal), but on the other side, it also makes capital confiscation easier (e.g., negative interest rates.) Both these scenarios would look to me to be positive
Bitcoin and in the 21st Century give us the digital equivalent (Bitcoin versus FIAT digital) of what we saw in the 20th Century when the financial regime changed (Gold versus FIAT paper).”
Apart from comparing BTC to gold, Fitzpatrick also examined Bitcoin’s historical price performances and provided a somewhat optimistic prediction, as the chart below demonstrates.
Fitzpatrick touched upon Bitcoin’s massive volatility and remarkable price developments during the last decade. He highlighted the two most significant market booms.
Those are BTC’s two-year-long rally from 2011 to 2013, where its price multiplied by “an incredible 555 times” and the latest major bull run that culminated in 2017’s all-time high of $20,000.
However, he also pointed out that a vicious bear market followed in both cases, which dropped BTC’s price by about 85%.
Fitzpatrick believes that Bitcoin is actually in a bull market now that started in December 2018 and could lead to groundbreaking price territories. As he noted that every new cycle is longer than the previous one, the current one could end in December 2021. This time horizon allows for BTC to explode in value and “move as high as $318,000.”
With Bitcoin’s price currently sitting at $16,000, such a 1,900% price surge sounds a bit far-fetched at the moment, to say the least.
However, it’s worth noting that Fitzpatrick’s model is not the only one that sees BTC reaching similar territory. The creator of the famous stock-to-flow model foresees $288,000 per coin by December 2021.
In other trending Bitcoin News today:
“Stocks Boom, Dollar Gloom: 5 Things To Watch In Bitcoin This Week”
Bitcoin (BTC) begins a new week with stocks rising and the U.S. dollar falling — all while trading back above $16,000. What’s next for price action?
1- Stocks near all-time highs while USD sinks
2- Bitcoin in 3rd highest weekly close
3- Institutions aren’t selling
4- Fundamentals trend upward
5- How much extreme greed is possible?
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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:
The EC meets in D.C. in 29 days. Nothing re election will resolve before then. #Bitcoin will hit 28,000
— Max Keiser (@maxkeiser) November 15, 2020
#Bitcoin Highest Weekly Closes:1. December 11-17, 2017 – $18953.002. January 1-7, 2018 – $16124.023. November 9-15, 2020 – $15976.644. November 2-8, 2020 – $15489.15
Next weeks/months are going to be fun.
— Jimmy Song (송재준) (@jimmysong) November 16, 2020
https://cointelegraph.com/news/stocks-boom-dollar-gloom-5-things-to-watch-in-bitcoin-this-week
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$1 MILLION BITCOIN PRICE MODEL NOT BUILT TO LAST! | BTC YTD Performance Exceeds 140% MILLION BITCOIN PRICE MODEL NOT BUILT TO LAST! | BTC YTD Performance Exceeds 140%
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PlanB, the widely-followed anonymous cryptocurrency analyst who first applied the stock-to-flow ratio to the Bitcoin price says, “The model is not built to last forever.”
The model, which tracks the circulating supply of an asset against the amount of new supply hitting the market has proved remarkably accurate for tracking Bitcoin’s past price action.
Using the model, the outlook from PlanB indicates the BTC price could hit $100,000 sometime around the year 2021 and break $1 million around 2025.
But in a new series of tweets, PlanB says he’ll be happy if the model maintains accuracy for the next two to three more halvings, which is the equivalent of about 4.5 to 8.5 years.
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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:
Bitcoin YTD Performance Exceeds 140%, Outperforms Most Traditional Assets
This is becoming scary: using Oct instead of Dec data, Stock-to-Flow model fit improves to 99.5% R2! Model error was mainly caused by Nov2013 and Dec2017 ATH, so sampling without ATH gives less noise. Predicted #bitcoin prices increase: $100K (2020+), $1M (2024+), $10M (2028+)… pic.twitter.com/1WX6LOVxZW
— PlanB (@100trillionUSD) July 14, 2019
I normally don’t deploy statistical models 120+ years out into the future. I would be happy if the model holds for 1 or 2 or maybe 3 more halvings. Especially since BTC is measured in $ .. who knows what happens with $ if the FED keeps doing more QE (money printing).
— PlanB (@100trillionUSD) October 31, 2019
Coins in Jan 2019 vs Nov 2019 $BTC = $3.7k –> $9.2k$ETH = $133 –> $185$LTC = $31 –> $58$XRP = .34c –> .29c$BNB = $5 –> $20 $LINK = .30 –> $2.68$EOS = $2.56 –> $3.31$BSV = $89 –> $132$BCH = $154 –> $294
MCap has 2x’d in USD & $XRP still ended up in the red.
👀— CryptoThies (@KingThies) November 3, 2019
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