BITCOIN WILL FIRST HIT $100K, THEN $288K IN ‘2ND LEG OF THIS BTC BULL MARKET,’ SAYS S2F CREATOR!!!!!

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Less than 3 million Bitcoin (BTC) remain to be mined, with the process expected to take around 121 years.

Some allege however, that Google’s quantum computer, Sycamore, could do it in “less than 2 seconds”.

But is that really possible?

Vitalik Buterin shared, “My one-sentence impression of recent quantum supremacy stuff so far is that it is to real quantum computing what hydrogen bombs are to nuclear fusion. Proof that a phenomenon and the capability to extract power from it exist, but still far from directed use toward useful things.”

Andreas Antonopolous also addressed the concerns of Google’s new quantum processor on the crypto mining industry; stating that the potentially damaging application of Sycamore does not just apply to Bitcoin’s system, but to every system in the world.

“The problem isn’t really Bitcoin. If we get quantum computers that can do thousands of qubits without a correction and consistent results, we have a much bigger problem. The bigger problem we have is that the entire world’s classified communications, confidential communications, financial systems etc, all depend on cryptography today. We would need to update all of that to make it quantum resistant”

In other Crypto news today:

The BTC price failed to set a higher high and break above its previous all-time high, signaling that the bear market isn’t yet over. A massive descending triangle marked the peak of the 2019 rally.

Now analyst AkiraMax opines that after an impending death cross, BTC could drop as low as $1,000.

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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:

3 Million Bitcoin in 2 Seconds: Google Quantum Computer

Bitcoin Price Could Find New Bottom at $1000: Analysis

My one-sentence impression of recent quantum supremacy stuff so far is that it is to real quantum computing what hydrogen bombs are to nuclear fusion. Proof that a phenomenon and the capability to extract power from it exist, but still far from directed use toward useful things.

— Vitalik Non-giver of Ether (@VitalikButerin) October 24, 2019

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The Bitcoin price likely reached its low when it hit $3,700 earlier this month, veteran trader Tone Vays has forecast as markets remain up 70%.

In the latest episode of his Trading Bitcoin YouTube series on March 29, Vays repeated his previous claim that, logically, the BTC price should bottom at 20% of its 2019 highs — $2,800.

Vays on $2.8K: “I don’t think it’s likely anymore”

This could occur before May’s block reward halving and not endanger Bitcoin’s long-term perspective, he said, but a dive after that event could have grave consequences.

After March 12, when Bitcoin (BTC) bounced off 15-month lows of around $3,700, Vays now thinks that Bitcoin will not return to put in lower levels.

“I don’t think it’s likely anymore,” he summarized.

“Because I think this incident, this event earlier this month was close enough $2,800 that I’m no longer expecting $2,800.”

Since the bounce, Bitcoin has broadly maintained higher support, with the recovery reaching almost 90% in the subsequent two weeks.

Continuing, Vays suggested that in fact, $2,800 would have appeared during the dive and that it was only the crashing of derivatives giant BitMEX which prevented it.

“If BitMEX did not go down, we probably would have $2,800 and maybe even lower,” he said. 

“It’s very possible that if BitMEX didn’t crash, the selling would have just accelerated, but right now, I’m under the assumption that the low is in.”

Bitcoin Price Reclaims $6K as Traders Eye New BTC Futures Gap Above

The past 24 hours had seen the pair dip to lows of $5,870 after signaling weakness throughout the weekend.

Those were short-lived, however, with Bitcoin regaining lost ground within hours. 

Now, hopes were high that price action would remain more bullish, allowing Bitcoin to close a new futures gap left at the end of trading on Friday. 

The gap lies between around $6,300 and the closing price of Friday’s CME futures session at $6,680. 

As Cointelegraph reported, Bitcoin has very often returned to trade at levels left behind by futures markets — before its price volatility surged in mid-March, just one gap remained, much higher at $11,800.

For Cointelegraph Markets analyst Michaël van de Poppe, however, there was overall still a bearish trend in Bitcoin, despite the upside potential posed by the gap.

“The first level for support held and we’ve pushed upwards. There’s also the CME Gap, probably the reason why we’re moving, so that could be closed first,” he tweeted on Monday. 

“This means that a $6,050 flip could trigger another push to $6,400-$6,500, before further down.”

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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:

$BTC #BITCOINThe first level for support held and we’ve pushed upwards. There’s also the CME Gap, probably the reason why we’re moving, so that could be closed first.This means that a $6,050 flip could trigger another push to $6,400-$6,500, before further down.

Still bear pic.twitter.com/bn0BHHRDHd

— Crypto Michaël (@CryptoMichNL) March 30, 2020

https://cointelegraph.com/news/bitcoin-price-reclaims-6k-as-traders-eye-new-btc-futures-gap-above

https://cointelegraph.com/news/bitcoin-price-likely-bottomed-in-37k-bitmex-crash-says-tone-vays

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Quantitative analyst PlanB believes Bitcoin will hit a six-figure price by the end of the year despite the recent meltdown in the cryptocurrency markets.

PlanB tells his 833,000 Twitter followers that BTC will close at or above $100,000 in December, according to his stock-to-flow (SF2) model.

However, based on logarithmic regression or the time model, the quantitative analyst says the flagship cryptocurrency could fall to $30,000.

“So what will Bitcoin’s December closing price be?

– S2F model says $100K

– Time model (logarithmic regression) says $30K

Next couple of months will be Interesting. My money is on S2F, of course.”

In other trending Bitcoin News today: Twitter Launches Crypto Tipping For All Users! Bitcoin tips are available to send through the Lightning Network using the Strike app, or by adding a BTC address directly to one’s profile. 

“Today is the day millions of people will start using Bitcoin without knowing they’re using Bitcoin. 

It’s the beginning of when nobody questions, or even cares how it works. 

It’s just an inextricable part of their lives – and soon they won’t remember a time without it.”- Max Keiser

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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-hodlers-be-about-to-spark-a-run-to-new-btc-price-highs-data-suggests

https://cointelegraph.com/news/twitter-launches-crypto-tipping-for-all-users

https://cointelegraph.com/news/old-fud-new-btc-price-dip-month-old-china-crypto-ban-sparks-42k-bitcoin-price-drop