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

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With the recent Bitcoin price surge from the lower $14,000’s to almost touching $16K in the past 24 hours, BTC pioneer Max Keiser, host of the Keiser Report went on an epic tweet storm sharing the following on Twitter:

“Order book shows no Bitcoin for sale up to $20,000. Any offers between $20-28,000 will get pulled. I’m looking at a possible pause at $28,000.”

“Bitcoin won’t pause until $28,000. Will update my forecast when it gets there, but I don’t see any pullbacks until $28,000”

“$16,000 is no resistance. None at $17,000 either. Virtually no resistance at all. Bitcoin has no top because fiat has no bottom.”

SCAM ALERT: “CoinSwitch Exchange Scammed Me Of $50,000 In Crypto”

I went to exchange some crypto as they advertise through their platform using Binance.

Then my transaction failed according to their support due to a technical error on their end.

Then they exploited KYC to withhold my funds.

However, even after complying and sending in all requested information, I’m still getting the run around, going back and forth with their support and they’re still withholding my funds.

I’m shocked that Cointelegraph influencers such as Keith Wareing promote this crypto exchange scam.

In other trending Bitcoin News Today:

“Fed Calling For More Stimulus Is ‘Code for Buy Bitcoin,’ says Winklevoss”

The United States Federal Reserve is still unintentionally advertising Bitcoin, as Chair Jerome Powell argues for more money printing.

In a tweet on Nov. 6, Tyler Winklevoss, co-founder of crypto exchange Gemini, said that Powell’s latest speech this week was “code for buy Bitcoin.”

Powell was addressing a news conference, which followed the Fed’s Nov. 5 meeting on the state of the economy and future measures.

As before, he reiterated that the central bank had not exhausted its range of tools for supporting the economy.

These have so far included heavy interventions in stock markets, financial stimulus measures and direct payments to Americans.

“I just would say that I think we’ll have a stronger recovery if we can just get some more fiscal support, when it’s appropriate… the size Congress thinks is appropriate,” he said, quoted by Reuters.

Bitcoin proponents have long warned about the long-term impact of short-term meddling in the economy by central banks that is represented by the huge increase in public debt seen in the U.S. and elsewhere in 2020.

The Fed’s balance sheet stood at $7.14 trillion on Friday, near record highs. U.S. national debt has topped $27.2 trillion, a figure never before seen in history.

In what some this week described as a clear demonstration of simple supply and demand at work, Bitcoin — with its fixed supply — continued climbing as Powell delivered his speech.

The largest cryptocurrency has gained over 15% since the start of the week, rising to levels not seen since the end of 2017.

According to quant analyst PlanB and others, this is to be expected, as six months after its block subsidy halving cut the supply of new Bitcoins in half, investors have bought up the slack.

These have included existing corporate buyers who have upped their requirements, among them payment gateway Square, which saw 80% of its Q3 revenue come from Bitcoin.

“There is virtually no BTC left for sale,” the popular Twitter account Girevik summarized, noting large buyer support on exchanges at levels below $13,000. Sellers have yet to impact the market, even at close to $16,000.

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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.

Show Notes / Resources:

SCAM ALERT: @coinswitch scammed me of $50,000, exploiting KYC to withhold customer funds. Even after complying and sending all required documentation. I’m shocked @Cointelegraph influencers like @officiallykeith promote this exchange scam. Video coming soon with full details.

— Crypto News Alerts (@CryptoNewsYes) November 6, 2020

Millions of us opted out of this political nightmare years ago with #Bitcoin Take as long as you want to sort this out We don’t give AF In fact, the longer it takes the mega-richer we get Take your time, hombre

🍊💊👍 https://t.co/idIXV1xUPL

— Max Keiser (@maxkeiser) November 5, 2020

Top Bitcoin Expert Claims “The Train Has Left The Station” With $14K Broken

https://cointelegraph.com/news/fed-calling-for-more-stimulus-is-code-for-buy-bitcoin-says-winklevoss

💰 Crypto’s Next $1 Trillion Coin: http://teeka.cryptonewsalerts.net

MicroStrategy CEO Michael Saylor believes the Bitcoin price can easily hit the seven-digit mark.

In a new interview with FamilyOffice, Saylor says Bitcoin could appreciate a hundredfold to reach a price of $5 million per BTC.

“I can see bitcoin going to a million. I can see it going to $5 million… because if it simply replaces all the indexes as a monetary index money, why shouldn’t it go to $100 trillion in market cap or something?”

Saylor, whose company MicroStrategy now owns 91,326 Bitcoin, points out that the flagship crypto asset is currently a “screaming signal” to investors, and this is aided by a rapid expansion in the money supply globally and the dominance of its blockchain network.

“In my life I’ve never seen something that was such a screaming signal. You’ve got a $200 to $300 trillion addressable market. You’ve got a problem – money is not sound. You’ve got engineered thermodynamically sound money. You’ve got a dominant network. Everybody’s decided it’s the network. It’s exploding.

The signal that is exploding is it’s growing 200% a year every year for 12 years running. That’s the signal.”

Saylor predicts that the flagship crypto asset’s growth rate is unlikely to be replicated by the FAANG (Facebook, Amazon, Apple, Netflix, Google) tech behemoths going forward, making Bitcoin the better bet.

“Now do I think Apple, Amazon, Facebook or Google are going to go up by a factor of 10 from this point? Not really. I think they’re plus 20, minus 20, plus 100… maybe they will double, maybe they will triple.”

Saylor adds that Bitcoin’s potential became far easier to understand following the economic fallout and increase in money printing that began early last year.

“[Bitcoin] got to be a much easier trade in March of 2020. And every month since March of 2020, it’s been de-risked exponentially, and then the need is exploding.”

In other trending Bitcoin News today:

Bitcoin Falls to Two-Week Lows as $6 Billion In Options Set to Expire – What’s Next?

Bitcoin’s (BTC) price has been in retreat, down 20% since the recent all-time high at $62,000 in mid-March. As crypto markets are frequently volatile, this may very well be another normal pullback within the current bull cycle. 

Corrections are needed to generate strength for further upward momentum as markets can’t go up in a straight line. Additionally, a record $6 billion expiration of options is expected on March 26, which often brings some volatility. 

It is also quite common for the market’s momentum to shift momentum once the options expiration date comes and goes.

The 4-hour chart shows an apparent downtrend since the recent all-time high at $62,000 with bearish support/resistance flips. 

Regardless, Bitcoin’s price has rejected the critical resistance zone at $56,500 in the latest rally after Tesla announced it has started accepting (and holding) BTC in the United States for its vehicles. 

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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://www.cnbc.com/2021/03/24/fidelity-to-launch-bitcoin-etf-as-investment-giant-builds-its-digital-asset-business-.html?utm_term=Autofeed&utm_medium=Social&utm_content=Main&utm_source=Twitter#Echobox=1616626200

https://cointelegraph.com/news/bitcoin-falls-to-two-week-lows-as-6-billion-in-options-set-to-expire-what-s-next

💰 BlockFi: Up To $250 Bitcoin Bonus: https://blockfi.com/cryptonewsalerts

Prominent crypto analysts PlanB and Willy Woo say that Bitcoin is just getting started on its journey towards mass adoption.

In a three-way interview on The Investor’s Podcast Network, on-chain data expert Woo reveals that by his estimations, whales are heavily accumulating BTC while retail investors are just getting started, indicating that Bitcoin is still in the early stages of a bull market.

“What we expect right now is that eventually retail will come in and that’s what we’re seeing right now… We’re seeing this quiet accumulation of even more whales come in and we’re seeing the very first hints of retail. And when retail comes in, you’ll see the inventory on spot exchanges increase. Now they increase because retail are small holders and they tend to store their coins on the Coinbases of this world. 

In the later phases of this bull market, you’ll see the inventory on these exchanges increase and we’re still not seeing that yet. So we’re all really early in this phase. 

It’s just mind blowing how different it is in that the length of the accumulation off of exchanges is so long and so deep. And secondly, the amount of whales which are holders of more than 1,000 coins, so around $35 million, $40 million of Bitcoin upwards, they’re exploding in numbers right now and we’ve never seen such a sharp climb in that species of holders.”

Woo goes on to explain that, although the cycle may still be in its infancy, the trader has not quite seen a bull market like this one, predicting that Bitcoin will likely never dip below $30,000 again.

PlanB echoes Woo’s bullish outlook, hypothesizing that there is likely at least half a year left in the current bull cycle.

“I totally agree with Willy that we’re in a bull market and in the early phase so we have a long way to go if you ask me. We’re in the bull market since November-December, so we have at least a half year to go.”

The traders’ targets for BTC this cycle also indicate that the flagship cryptocurrency has plenty of room to run this cycle.

Woo says that his mean reversion model shows BTC at least doubling by the time it reaches a top.

“This is a mean reversion model. Fancy words for saying that everything tends towards averages… Right now, when I’m looking at it, it’s $102,000 and it tends to curve upwards. So we’ve still got a bit of room to move.”

In a Twitter post, PlanB makes two predictions using the stock-to-flow model.

PlanB says that if the current cycle behaves like the 2013 cycle, then a price target of $300,000 BTC is in the cards. If it behaves like the 2017 cycle, then $100,000 BTC is the key level instead.

“It already tells a lot. There’s a lot of people thinking that cycles are going to be longer and lower, but well, this data point shows it’s right in the middle of the last two halvings and not lower, so that’s one point. The other point is the chart also shows that after the initial bull market, it will sort of stabilize at an equilibrium after the bull market so it goes down and it stabilizes. For 2013, that was around – if you compare to current price levels – around the $300,000 level. If you look at the more current 2017 bull run, that sort of stopped at the $100,00 level and I find those very interesting of course because those are exactly the price levels of my stock to flow model.” 

In other trending Bitcoin News today:

“$50K and BTC’s biggest weekly candle ever: 5 things to watch in Bitcoin this week”

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Ledger: ► http://ledger.cryptonewsalerts.net

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:

Dear Indian #Bitcoiners
Gandhi marched to the sea and made his own salt, an act of civil disobedience that defeated an empire #Bitcoin is civil disobedience that allows you to make your own money Oppressive, centralized, money-printers are collapsing

The Rupee is dead. pic.twitter.com/bfj45wkCBd

— Max Keiser (@maxkeiser) February 14, 2021

https://cointelegraph.com/news/50k-and-btc-s-biggest-weekly-candle-ever-5-things-to-watch-in-bitcoin-this-week