BITCOIN WILL HIT $300K BY END OF CURRENT BOOM CYCLE SAYS TOP CRYPTO STRATEGIST!! TRADER CHEAT SHEET!

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Over the past 60 days, Bitcoin (BTC) has found itself rocketing higher, rallying from a low of $6,400 to a local top of $10,500 in the span of two months.

Bitcoin’s Booming Open Interest May Set Stage for Surge

Over the past few years, as institutional traders and more serious players have entered the Bitcoin market, the demand for future derivatives for the cryptocurrency has exploded.

This was confirmed with a report from industry outlet The Block. They reported that as of February 13th, the aggregated amount of open interest on Bitcoin futures contracts surpassed $5 billion, with traders on BitMEX, OKEx, Bakkt, CME, and other key platforms throwing billions of dollars at the asset.

This is far above the approximately $4 billion in open interest seen in January of the $2.5 billion in December.

The massive eruption in the open interest seen in Bitcoin futures contracts could have an extremely positive effect on the underlying market.

Also, Crypto Bull  noted that with the latest Bitcoin price action, the BTC price of the cryptocurrency has, for the first time ever, broken above a downtrend that has constrained prices since the $20,000 top seen in December 2017.

The fact that Bitcoin is now past this key resistance, the analyst who pointed it out wrote, is a sign that “short liquidations are coming” and a potential sign that the “biggest weekly green candle in Bitcoin’s history” is right on the horizon.

HOW MANY PEOPLE ACTUALLY HAVE AT LEAST 1 BITCOIN?

Find out all this, plus so much more in today’s show.

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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:

How Many People Actually Have At Least 1 Bitcoin?

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Bitcoin has surpassed the $60,000 mark briefly for the first time since April 2021. The BTC price has been boosted by reports suggesting a Bitcoin futures ETF (Exchange Traded Fund) is likely to begin trading in the United States as early as next week.

Bloomberg senior ETF analyst, Eric Balchunas, is confident that the ProShares Bitcoin Strategy ETF could be the first one launched as the decision deadline is Oct. 18. The Invesco Bitcoin Strategy ETF may be approved the following day barring any further delays by the SEC.

In a tweet on Oct. 15, the analyst stated: “Pretty much done deal. Expect launches next week,” before adding the “odds now over 90% IMO.”

In other trending Bitcoin News today: Bitcoin Could Surge Nearly 10X From Current Price, Predicts ARK Invest’s Cathie Wood – Here’s How

ARK Invest founder Cathie Wood says that Bitcoin (BTC) could reach $500,000 if institutional investors embrace the benchmark cryptocurrency.

Bitcoin is currently trading at $57,327, but according to Financial Review, Wood says that price could surge by nearly 10 times if institutions allocate just 5% of their investment funds to BTC.

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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/polygon-can-hit-3-50-in-q4-as-matic-s-20-weekly-rally-triggers-bull-flag-setup

https://cointelegraph.com/news/think-60k-is-the-top-this-bitcoin-fractal-suggests-it-s-the-next-bear-market-bottom

https://cointelegraph.com/news/sec-likely-to-allow-bitcoin-futures-etf-to-trade-next-week-reports

https://cointelegraph.com/news/bitcoin-hits-60k-for-the-first-time-since-april-after-reports-of-imminent-etf-approval

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Teeka Tiwari reveals his ‘Final 5’ crypto picks of 2020 in the most anticipated live cryptocurrency event of the year.

With the Bitcoin price currently dropping and with the market looking short term bearish, will the BTC halving which is now only 63 days away spark the next parabolic bull rally?

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.

Analyst Who Predicted Bitcoin Crash to $6,500 Says BTC Gearing Up for Major Move

One of the few analysts to predict the start of Bitcoin’s 2019 retreat says BTC may be due for another correction.

The pseudonymous analyst Dave the Wave tells his 25,000 followers on Twitter that he believes the leading cryptocurrency remains in a descending triangle that dates back to late 2018.

Following this script, he expects a short-term bounce before another sell-off that could bring BTC to $8,300 sometime between March and May.

Based on the analyst’s chart, that short-term bounce could send Bitcoin close to $9,500 this month before the correction begins.

Dave makes this prediction based on a reversing logarithmic moving average convergence and divergence (LMACD).

This indicator is designed to reveal changes in an asset’s trend, strength and momentum.

Last June, Dave correctly called the start of Bitcoin’s 2019 retracement.

He expected Bitcoin to drop to just above $6,000 before the end of 2019. His prediction turned out to be remarkably accurate, as BTC hit a yearly low of $6,425 in December.

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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 #Bitcoin #eth #ethereum23 DAYS TILL THE BITCOIN BULL RUN STARTS!Shortterm resistance is now confirmed. This is a big deal as it confirms my suspicions of a dead cat bounce in play 🙀

Expecting to see heavy falling and $btc to be under $8000 this week.

💪🏼🤓👇🏼 pic.twitter.com/utM4qwZgZd— 𝗕𝗜𝗧𝗖𝗢𝗜𝗡 𝗕𝗨𝗟𝗟 𝗥𝗨𝗡 𝗔𝗣𝗥𝗜𝗟 𝟮𝟬𝟮𝟬 (@BITCOIN_BULLRUN) March 8, 2020

This Eerie Fractal Shows the Bitcoin Price Has Further To Fall From $9,000