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Cryptocurrency analyst Michaël van de Poppe is saying that Bitcoin (BTC) is set to hit a six-figure price in the current bullish cycle.
The crypto analyst says Bitcoin is likely to replicate a previous pattern, when BTC surged from around $15,000 to slightly over $63,000, before possibly reaching a new all-time high of at least $250,000.
âSo we get some sideways action, get to watch the all-time high, get down sideways action, big breakout. And then we get into the final phase in which you can simply copy-paste this entire run [$15,000-$63,000] towards the one that we have above $63,000. And then we probably assume that weâre going to get towards $250,000 or higher.â
In other trending Bitcoin News today: Bitcoin Could Surge to This Near Six-Figure Price by Year-End, According to Crypto Exchange Kraken!
Cryptocurrency exchange Kraken says that Bitcoin could end the year with a massive surge that would more than double BTCâs value from its September closing price.
In a new report, Kraken says that Bitcoin has typically recorded the best annual performance during the last three months of the year (Q4).
âAt BTCâs quarter-end closing price of $43,800, a +119% return in 4Q2021 would put BTC at roughly $96,000.â
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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/pro-crypto-senator-cynthia-lummis-discloses-up-to-100k-btc-purchase
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INVESTMENT FIRM PREDICTS BITCOIN TRILLION MARKET!! XRP WILL RISE 12,900% IN NEXT BTC BULL CYCLE!!
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An investment firm that predicted Teslaâs meteoric ascent is extremely bullish on Bitcoin and says the BTC market cap could go as high as $5 trillion.
Also in todayâs show, Credible Crypto predicts the Ripple XRP price will rise 12,900% in the next Bitcoin bull cycle.
In a comprehensive report, New York-based thematic investment firm ARK Invest sees massive growth potential for Bitcoin over the next few years despite its already impressive run that has defied expectations.Â
âOur analysis suggests Bitcoin is early on its path to monetization, with substantial appreciation potential. In our view, Bitcoinâs $200 billion market capitalization â or network value â will scale more than an order of magnitude to the trillions during the next decade.â
Specifically, ARK Invest points out that the adoption of Bitcoin as a global settlement network, as a protection against asset seizure, as digital gold, or as a catalyst for demonetization in emerging markets has the potential to fuel the growth of the crypto assetâs market cap.
Despite their high evaluation of the crypto asset, ARK Invest points out the several risks that threaten Bitcoinâs growth potential.
For one, ARK Invest says security breaches and institutional mismanagement have cost investors millions of dollars with no legal recourse.
Other risks are regulatory uncertainty and âover-institutionalizationâ, which the company says could cause a monopoly in Bitcoin transactions and present an âexistential risk to bitcoinâs value proposition.â
Although risks are present, ARK Invest highlights the potential of BTC to print massive gains within a decade.
âBitcoin offers one of the most compelling risk-reward profiles among assets, as our analysis suggests it should scale from roughly $200 billion today to $1-5 trillion network capitalization during the next five to ten years. In our view, capital allocators must consider the opportunity cost that will be associated with ignoring bitcoin as a new asset class.â
In other trending Bitcoin News today:
Credible Crypto Predicts XRP Will Rise 12,900% in Next Bitcoin Bull Cycle
Closely-followed trader and crypto strategist Credible Crypto sees XRP meteorically rising by over 12,900% in the next Bitcoin boom cycle.
In a new tweet, the crypto analyst tells his 68,000 followers that Rippleâs native token has the potential to massively increase oneâs net worth in the coming years.
âKeep it real. XRP price IS NOT âpre-determined.â XRP IS NOT âbacked by gold.â XRP WILL NOT reach the prices BTC has ($10,000+). XRP will NOT replace the dollar. But it doesnât need to do ANY of these things to make you and me life-changing money over the next 3 years.â
When asked to provide his price prediction for the fourth-largest cryptocurrency, Credible explains why he believes XRP can skyrocket between $20 â $30 before the current bull market expires.
ââŠitâs gone 1000x+ in the last run, this would just be 100x. Regarding sell pressure, weak hands have long sold their XRP for other projects. The ones holding now wonât sell soon.â
Not all analysts share Credibleâs long-term bullish attitude towards XRP. Widely-followed veteran trader Peter Brandt told his crew of 375,000 to be cautious about investing in Rippleâs native asset.
âDonât place your faith in XRP.â
Brand notes that Rippleâs ownership of more than half of the total supply of XRP is a potential liability.
He believes the token has more downside potential as it continues to underperform relative to other major cap coins.
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DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky, especially when trading with leverage. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.
Show Notes / Resources:
Keep it real.$XRP price IS NOT âpre-determined.â $XRP IS NOT âbacked by goldâ. $XRP WILL NOT reach the prices $BTC has ($10,000+).$XRP will NOT replace the dollar.
But it doesnât need to do ANY of these things to make you and me life changing money over the next 3 years.
â Credible Crypto (@CredibleCrypto) October 2, 2020
It wonât need as much as it seems it would. Many people think the same. But itâs gone 1000x+ in the last run, this would just be 100x. Regarding sell pressure, weak hands have long sold their $XRP for other projects. The ones holding now wonât sell soon. https://t.co/jelsS4rTdc
â Credible Crypto (@CredibleCrypto) October 2, 2020
Don’t know about the long long term, but looking for $20-$30 over the course of this next bull run (2-3 years).
â Credible Crypto (@CredibleCrypto) October 2, 2020
Credible Crypto Predicts XRP Will Rise 12,900% in Next Bitcoin Bull Cycle
https://cointelegraph.com/news/trump-price-dots-and-covid-19-5-things-to-watch-in-bitcoin-this-week
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STOCK-TO-FLOW CREATOR HAS âNO DOUBTâ BITCOIN WILL HIT 0K-8K âBEFOREâ DECEMBER 2021!!
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PlanB, the creator of the stock-to-flow (S2F) model, reiterated on Nov. 8 that the Bitcoin price is well on its way to hit $100,000.
The pseudonymous analyst expects the dominant cryptocurrency to achieve the $100,000 to $288,000 range by December 2021.
Bitcoin would have to increase by around 545% from the current price to surpass $100,000.
At that price point, the market capitalization of BTC would near $2 trillion, or roughly the same as Apple, the worldâs most valuable company.Â
The S2F model attempts to predict the long-term price trend of Bitcoin by evaluating its supply.
Namely, it takes into consideration its fixed supply and the block reward halving, which reduces the rate at which new BTC is produced or âmined.â
The theory behind S2F is that as the supply of Bitcoin decreases over time and inflation would continuously rise.
These two factors could theoretically amplify the uptrend of the top cryptocurrency.
Based on Bitcoinâs supply curve and the halving cycles, S2F puts the expected valuation of BTC at $5.5 trillion.
The model predicts Bitcoin to reach a multi-trillion-dollar valuation before 2024.
The model reads:
âS2FX model estimates a market value of the next BTC phase/cluster (BTC S2F will be 56 in 2020â2024) of $5.5T. This translates into a BTC price (given 19M BTC in 2020â2024) of $288K.â
In a tweet, PlanB said he remains confident the S2F modelâs $100,000 price projection for Bitcoin would materialize.
2021 is particularly important for Bitcoin because it follows a highly anticipated block reward halving in May 2020.
Six months ago, Bitcoin experienced its third halving in history.
This decreased the number of BTC mined each day by half, which would cause the circulating supply to drop over time.
The analyst wrote:
âPeople ask if I still believe in my model. To be clear: I have no doubt whatsoever that bitcoin S2FX is correct and bitcoin will tap $100K-288K before Dec2021. In fact I have new data that confirms the supply shortage is real. IMO 2021 will be spectacular. Not financial advice!â
So far, following the halving, Bitcoin has increased from $8,700 to $15,500, recording a 78.1% rally in six months.
On-chain analysts like Woobull.com creator Willy Woo say that the total supply of Bitcoin is lower than often thought.
While the total supply of Bitcoin is 21 million, there is a high number of BTC that is lost or dormant that can no longer be accessed.
Woo said:
âTotal supply of Bitcoin will not be 21m, itâll be around 17m as many coins died in the fight for being acknowledged as something valuable in the early days. This means 0.002 BTC per person on the planet.â
As such, PlanB expects Bitcoin to follow the S2F model as the available supply and the amount of new Bitcoin mined decreases over time.Â
In other trending Bitcoin News today:
âWHY THIS ANALYST THINKS BITCOIN HITS $17,000 IN THE NEXT WEEKâ
Analysts are optimistic that Bitcoin could resume its ascent, potentially towards $17,000 or even $18,000 as the trends of this market remain positive:
âI think thereâs a decent chance bitcoin breaches $17k and even into $18k in the next 10 days (next weekly candle). We are due for a decent mid timeframe blowoff and chill for a bit and wicking into the ATH cluster just feels so rightâŠ
The path to $18k or ATH wick seems the path of least resistance. Nobody wants to sell until then and everybody is buying dips. Easiest way to create market balance is to do it quickly then let the market chop around a bit.â
The aforementioned trader isnât the only one calling for Bitcoin to hit $17,000 in the near future.
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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:
People ask if I still believe in my model. To be clear: I have no doubt whatsoever that #bitcoin S2FX is correct and #bitcoin will tap $100K-288K before Dec2021. In fact I have new data that confirms the supply shortage is real. IMO 2021 will be spectacular. Not financial advice! pic.twitter.com/GNSxLIt7NG
â PlanB (@100trillionUSD) November 8, 2020
Why This Analyst Thinks Bitcoin Hits $17,000 in the Next Week
https://cointelegraph.com/news/s2f-creator-has-no-doubt-bitcoin-will-hit-100k-by-december-2021
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EXPECT AN EXPLOSIVE BITCOIN RALLY TO ,000 IF BTC CLOSES ABOVE .5K | Cryptocurrency News
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$10,500 has become a level of utmost importance to the Bitcoin (BTC) market over the past year.
It marked the highs of two crucial rallies:
1) the Xi Pump that was seen in October of 2019,
2) the rally to $10,500 earlier this year.
Analysts say that if the cryptocurrency can decisively claim that level as support by closing above it on the daily, a larger move to follow.
âIf BTC can re-claim these highs and close above on the daily I think we can start targeting 13k-14k.
If not we may be looking at a liquidity run and Iâd start looking to next get long ideally at the yearly open, 7k-7.5k,â one analyst said.
The position was echoed by another analyst, Kelvin âSpartan Black â Koh of The Spartan Group, a cryptocurrency investment firm and advisory.
The former Goldman Sachs partner explained in his own analysis on the importance of $10,500:
âWe have been in this $10K holding pattern for almost a month but it is clear the market wants to creep higher. I am speculating we will blow through $10.5K within the next 2-3 weeks. When we do, the move to $13-14K will be swift.â
Fortunately, the cryptocurrency is currently positioning to surmount $10,500 in the coming days.
Analysts are noting that the fundamentals of the Bitcoin market are improving, which is supportive of higher prices.
As reported by Bitcoinist previously, technology analyst Kevin Rooke found that over the past week alone, Grayscale Investments purchased 9,503 BTC for its clients while miners produced 6,863 coins.
This is bullish because it shows that a single entity is consuming more Bitocin than miners produce, skewing the supply-demand dynamic in favor of bulls.
In other trending Bitcoin News today:
Bitcoin (BTC) Has Entered Crucial Zone That Preceded 8,066% Bull Run, According to Cryptocurrency Strategist PlanB
The most controversial analyst in crypto says Bitcoin has officially entered a zone that preceded each and every one of its previous parabolic bull runs.
According to the pseudonymous analyst PlanB, BTC is now in the early days of the âfear zoneâ phase.
The last time this happened in June of 2015, Bitcoin was valued at about $246.
Over the next two-and-a-half years, BTC gradually entered its third epic rally that brought the crypto king to an all-time high of $20,089 on December 17th, 2017 â an 8,066% increase.
PlanBâs analysis is among the most bullish and contentious in all of crypto. The latest version of his stock-to-flow model suggests BTC will hit $288,000 by the end of 2024.
Stock-to-flow has long been used to plot the price movements of precious metals. But critics say the model, which outlines Bitcoinâs scarcity by dividing the total supply by the number of new coins created each year, holds no predictive power because the cryptocurrencyâs supply schedule is already known far in advance.
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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:
For those who are wondering if $10.5K $BTC will ever be broken.Post Black Thursday, we went from $4K to $7K in a week.It then took about a month before we convincing broke $7K.
But the move from $7K to $10K took 2 weeks.
â SpartanBlack (@SpartanBlack_1) June 5, 2020
If $BTC can re-claim these highs and close above on the daily I think we can start targeting 13k-14k. If not we may be looking at a liquidity run and I’d start looking to next get long ideally at the yearly open, 7k-7.5k.
I’m leaning bullish. Fuck the immoral bitcoin bears. pic.twitter.com/yJ2w67Z0I3
â Caesar (@Thrillmex) June 5, 2020
Some say S2F(X) model must be wrong because #BTC price is determined solely by scarcity (supply) and demand does not play a role.
However Nobel prize winning Capital Asset Pricing Model (CAPM) determines asset returns solely based on risk (volatility, dd) .. no demand, no supply pic.twitter.com/2NU1xs3YCn
â PlanB đŽ (@100trillionUSD) June 4, 2020
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