BITCOIN WILL GO ALL THE WAY TO $160K ‘THIS YEAR’, SAYS CELSIUS CEO!! BTC TAPROOT UPGRADE LOCKED IN!!

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Google Trends Suggests Bitcoin Price to Soon Explode

Since Bitcoin (BTC) investors got a taste of parabolic price action in early 2019, during which BTC surged from the low-$3,000s to $14,000 in a few weeks’ time, they have been craving more.

According to a Google Trends analysis, another parabolic rally is about to form in the Cryptocurrency market again.

Considering historical rallies, this next bull market could bring Bitcoin above $100,000, some analysts have suggested. Cryptocurrency analyst Cryptokea recently noted that the worldwide Google Trends, for the search term “Buy Bitcoin” have recently hit a seven-month high – the highest since June 2019.

In other Crypto news today:

A popular crypto strategist, who says Bitcoin will likely hit $50,000 to $100,000 by 2021 is analyzing the risk of a “death spiral” that could thwart his prediction.

The anonymous analyst known as PlanB is pondering whether the upcoming halving – which will slash the amount of BTC miners earn for processing transactions in half – will convince miners to switch off their rigs en masse.

The scenario could, in theory, start a so-called miner death spiral that increases Bitcoin confirmation times, lowers confidence in the network, and drags down the price of the leading cryptocurrency.

PlanB says he believes the risk of a death spiral is “effectively zero” due to a built-in feature on the Bitcoin network that automatically adjusts how much computing power is required to process transactions.

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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:

新年快乐 The year of the rat starts this weekend. Time for #Bitcoin volatility and volumes to nose dive.

— Arthur Hayes (@CryptoHayes) January 23, 2020

IMO co-integration between #bitcoin price & stock-to-flow means all network effects march lockstep: Investors, Speculators, Merchants, Consumers, Miners and Developers together … demand & supply, like clockwork! pic.twitter.com/7Ozq2Y9eVd

— PlanB (@100trillionUSD) January 5, 2020

Do you think May 2020 #bitcoin halving of miner reward will cause a mining death spiral or miner capitulation?

— PlanB (@100trillionUSD) January 22, 2020

1/ Googling for “Buy Bitcoin” just reached a 7 months high (Score 9). The long-term upwards trend is undeniable. The last time the score reached a 10 was:Nov ’13 (bull top),May ’17 (price on parabolic run-up),Jun ’19 (medium-term top)

>Feb ’20 (price on parabolic run-up?) pic.twitter.com/tkdXIEvM3Q

— CryptoKea (@CryptoKea) January 20, 2020

Key Google Metric: Bitcoin May Explode Into $100,000 Parabolic Rally

https://bitcoinexchangeguide.com/5-bitcoin-drop-is-nothing-special-during-chinese-new-year-bitmex-ceo-says-time-to-nosedive/

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There is nothing like a good BTC halving to send the Bitcoin price to the moon again.

It has happened twice before and there is nothing indicating that history will not rhyme again.

With just 146 days to go now the FOMO should start to build soon, more so as we enter 2020.

As the block reward and inflation rate gets halved, the stock to flow doubles which is very important to investors in terms of relative scarcity and demand.

There is no end of charts and Bitcoin predictions out there for BTC price next year and most signal a larger run after the halving.

The new bull market could be around the corner, all Bitcoin (BTC) has to do is stay above $6,500 for the rest of this year to confirm it.

The week is drawing to a close with the Bitcoin price back above $7,000 which keeps it consolidating as the bulls and bears battle it out.

Long term trend lines are holding as is strong support but those are not the only reasons why the next bull run could be imminent.

In other BTC news today, Bitcoin is more likely to hit $10,000 in 2020, than dip to $5,000 because we’re in a consolidating bull market, shows the 2020 Bitcoin prediction of Mike McGlone, senior commodity strategist at Bloomberg Intelligence.

He tweeted on Crypto Twitter:

“Bitcoin in 2020: $10,000 Appears to Be More Likely Than $5,000 – Bitcoin should continue to advance in a consolidating bull market, in our view, with maturation of the first-born crypto in the next decade the primary distinction vs. the current one.”

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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:

Bitcoin in 2020: $10,000 Appears to Be More Likely Than $5,000 —#Bitcoin should continue to advance in a consolidating bull market, in our view, with maturation of the first-born crypto in the next decade the primary distinction vs. the current one. pic.twitter.com/JxEAhArwTf

— Mike McGlone (@mikemcglone11) December 19, 2019

Yesterday we set a new volume record:

6,226 physically delivered Bakkt Bitcoin Futures contracts traded at ICE Futures U.S.

— Bakkt (@Bakkt) December 19, 2019

Bitcoin More Likely to Hit $10K in 2020 than Dip to $5K

Three Main Reasons Why Bitcoin is Setting Up For a New Bull Rally

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Closely followed on-chain analyst Willy Woo is laying out a price path for Bitcoin this cycle. In a new episode of What Bitcoin Did Pod with Peter McCormack, Woo names a few key levels that can trigger a continuation of the BTC bull market.

According to the analyst, Bitcoin’s on-chain fundamentals currently give BTC a fair value somewhere between $50,000 and $60,000. Woo also highlights a key price level that he thinks Bitcoin must reclaim to ignite bullish momentum.

Woo’s price prediction for BTC placed it at $162K. Going as far as saying that a $200,000 price mark is still possible for the digital asset this year. This puts Bitcoin on a tremendous run path to get to such a high prediction.

In other trending Bitcoin News today: Unchanged crypto tax bill will be put to a vote on Tuesday! The provisions aim to raise $28 billion for infrastructure funding through expanded digital asset taxation and will impose broad third-party reporting requirements on any crypto firm deemed to be a “broker.”

“If I had any confidence in politicians I wouldn’t be buying Bitcoin for 10 years. Bitcoin came about in part because our financial/political institutions are collapsing from hyper money printing. Why would I call DC senators/arsonists to put out the fire they started?” – 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/unchanged-crypto-tax-bill-will-be-put-to-a-vote-on-tuesday

https://cointelegraph.com/news/no-bitcoin-isn-t-entering-a-2018-like-bear-cycle-new-data-suggests-as-btc-targets-45k