BITCOIN WILL SKYROCKET ANOTHER 10X – HERE’S WHEN, ACCORDING TO STOCK-TO-FLOW MODEL CREATOR!!!!!

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Bitcoin price experienced a massive spike towards $100,000 on its Quarterly Futures chart.

According to the official Binance announcement, a single user placed several large orders over a very short period of time creating an insane BTC candlestick wick up to $99,964.

This incident did cause the entire Crypto market to shake.

According to Binance, because Futures uses the mark price for liquidations and other calculations, no one was actually liquidated when the BTC price touched $99,964, however, on the spot market, there was a large fluctuation in price.

In less than 1 hour, Bitcoin went from a high of $12,123 to $10,518 before quickly recovering above $11,000.

Ethereum price also got affected dropping from $415 to $325 in the same time frame.

Other major coins suffered the same price action.

In other trending Bitcoin News today:

Bitcoin Now ‘Perfectly on Track’ to $100K, Says Stock to Flow Creator

PlanB, the well-known creator of the contested stock-to-flow (S2F) model, believes Bitcoin (BTC) is now well on track to reach $100,000 as the price has risen to yearly highs.

The optimistic sentiment coincides with the shift in momentum from alternative cryptocurrencies, or altcoins, to BTC. He recently shared,

“I can’t make a chart for you now (at sea), but S2F model perfectly on track.”

At the same time, the price of Bitcoin has increased by 17% this week, as it broke through a major three-year trendline.

As Cointelegraph reported, traders seemingly expect BTC to test higher resistance levels in the near term.

Altcoins declined particularly in the past 72 hours when the price of Bitcoin started to rally.

Ethereum’s Ether (ETH) moved in tandem with BTC throughout the rally, but it slumped against BTC in the past two days.

In the short term, as Bitcoin sees a profit-taking rally from altcoins, some investors expect BTC to outperform altcoins.

Kelvin Koh, the co-founder of Asia-based venture capital firm Spartan Group, said:

“If BTC breaks the resistance at $11.4K, we are going above $12K in no time. Will take the wind out of alts again short term.”

In other trending BTC news today:

Chainlink (LINK) Surges 12% to a Fresh All-Time High of $9.72

For the first time in its multi-year history, the Chainlink price passed above $9.00 for the first time ever on Monday.

At the local highs, the asset reached a price of $9.72, as per data from CoinMarketCap.

This surge comes after Chainlink was subject to a strong retracement after hitting $8.94 near the middle of July.

Like many other leading altcoins, LINK suffered from volatility in the prices of Bitcoin and Ethereum, which centralized gains in those market players.

LINK currently trades at $9.50 as of this time, having dropped slightly from the local highs (which is also the all-time high).

According to Santiment, blockchain analytics firm, indicated amid the surge that there has been an uptick in trading volume and social sentiment.

This may suggest that Chainlink does have room to rally.

What it may also show, though, is that a near-term peak may be reached.

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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:

Chainlink (LINK) Surges 12% to a Fresh All-Time High Above $9

Bitcoin Price Hits $100,000 … Briefly

https://cointelegraph.com/news/bitcoin-now-perfectly-on-track-to-100k-says-stock-to-flow-creator

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Shark Tank host Robert Herjavec is certain that BTC is a good buy at the current Bitcoin price.

The Canadian businessman who’s known as the host of the hit TV show ‘Shark Tank,’ is a ‘big believer’ in Bitcoin (BTC) and electronic payments in the future, unlike his fellow host Mark Cuban.   

When asked about analysts who say that the BTC price could reach $100,000 or even $1 million during his recent Kitco interview, Herjavec said that it didn’t sound crazy to him on a long-term basis.

Herjavec says that one of the main challenges for Bitcoin is the existence of multiple forks.  

“There is no one Bitcoin. There are different types of Bitcoin, and I think it’s a bit of a fragmented industry.” 

There are currently three different versions of Bitcoin in the top 10, which signifies how divided the community is.

However, the original Bitcoin still blows out of the water its forked versions given that it is responsible for almost 64 percent of the total market cap. 

Bitcoin Tumbles, Altcoins in Deep Red – Here’s Where BTC, ETH and XRP Will Land, According to Top Crypto Analysts

As Bitcoin continues to slide toward $9,000, crypto analysts are trying to gauge when the bleeding will stop.

Now that BTC has firmly slipped below $9,300, analyst Josh Rager says he thinks the leading cryptocurrency will continue to head south to support at around $8,600.

Meanwhile, Scott Melker of Texas West Capital says Bitcoin bulls need to protect the $9,090 level to avoid a larger move to the downside.

“The next support for me is still THE LINE at $9,090. For now, price bounced there to the dollar. Now let’s see if it holds.”

Fellow analyst Filbfilb tells his followers on Telegram that he believes BTC will likely hit a bottom at around $8,800, which is the current 200-day moving average on TradingView.

“Downside targets the 200-day moving average, 20-week moving average, and 50-week moving average seem good for a bounce, but the 200-day moving average is never really lost in a bull run, so losing that could be more of a significant issue. Nevertheless, I’m looking for longs down there.”

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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:

I spoke to @jchatterleyCNN this AM.Explained why Warren Buffett isn’t a great person to listen to on technology and why Bitcoin’s monetary policy is superior to fiat monetary policy.If this video gets 500,000 views, Julia will bring on more Bitcoiners.

You know what to do 🙏🏽 pic.twitter.com/lEcyQkbG6w

— Pomp 🌪 (@APompliano) February 25, 2020

$ETH vs USD update>Tapped in to $275-280 resistance>At diagonal support>If lost, I expect a heavy sell-off>$241 first support

>$208-211 remains valid if $241 is lost pic.twitter.com/Rmu2o59Gra

— //Bitcoin 𝕵ack (@BTC_JackSparrow) February 25, 2020

From this morning’s edition of The Wolf Den…”The next support for me is still THE LINE at $9,090…” For now, price bounced there to the dollar.Now let’s see if it holds.

To read my top to bottom analysis on $BTC (and much more), join below. https://t.co/ccjxa38HLr

— The Wolf Of All Streets (@scottmelker) February 26, 2020

There’s the break and bounce off the high volume node for $BTCI don’t expect a trend reversal back up, instead can suspect for this to continue down with more retests of $9300

If that area breaks, IMO we head to $8600 to $8700 pic.twitter.com/T37xGrHdOP

— Josh Rager 📈 (@Josh_Rager) February 25, 2020

https://cointelegraph.com/news/anthony-pompliano-speaks-to-cnn-about-warren-buffett-and-bitcoin

https://u.today/bitcoin-btc-price-reaching-1000000-doesnt-sound-crazy-to-shark-tanks-robert-herjavec

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Bitcoin is set to reach $400,000 if Joe Biden wins the US presidential election, according to financial guru Max Keiser, RT host of the Keiser Report.

BTC is now set to surge far beyond its former all-time high, when it reached $20,000 in December 2017.

The popular crypto expert has predicted that Bitcoin will surge to $28,000 by the time of the inauguration day if Joe Biden is elected.

The US election and PLANdemic has caused major uncertainty in world markets with tech stocks and the US dollar falling in value.

Cryptocurrency guru Max Keiser shared the following tweets on Crypto Twitter:

“A Biden win* will lock China’s global supremacy, crash the USD, send BTC to $400,000 – as $100,000,000,000 in global managed funds start allocating into BTC to escape. Expect BTC well above $28k by Inauguration Day.”

“2016 Russian election influence categorically proven false 2020 Chinese election influence; by the time the hearings are over, will categorically be proven true. By which time, Bitcoin will be over $100,000. Are you ready?”

He also tweeted:

“A Biden win will trigger a stampede into Bitcoin as the global wealthy attempt to escape.”

The coronavirus PLANdemic has also affected Bitcoin with investors choosing to transfer their assets to safe heavens.

Confidence in Bitcoin has escalated after PayPal announced it would allow payments using the crypto-currency.

Speaking to CNBC Bitcoin investor Mike Novogratz also claimed a Joe Biden win would be good for cryptocurrencies.

He said: “Less fiscal, more Fed, good for crypto.

“We have crossed the Rubicon in crypto adoption, and we’re at the start of a really big bull market there. “You’re going to have every central bank issuing a digital currency within the next five years.”

If Mr Trump wins the 2020 US election it may lead to Bitcoin rising much slower than under his opponent’s administration.

In other trending Bitcoin News today:

“SQUARE AND GRAYSCALE ACCUMULATED $2.3B WORTH OF BITCOIN OVER Q3”

Bitcoin has undergone a strong surge over the past few months in the face of the worst economy in a few decades and much uncertainty.

From the March lows, the price of the leading cryptocurrency has rocketed higher by around 350%, outperforming most other macro assets.

BTC currently trades for $15,700, far above the 2019 highs and almost at the 2018 highs.

The leading cryptocurrency has gained 50% in the past 30 days alone, managing to gain steam despite bearish news events.

This strong rally in the Bitcoin price seems to be related to institutional and retail accumulation.

Ikigai Asset Management’s Hans Hague recently noted that per his analysis, Square and Grayscale alone have accumulated $2.3 billion worth of Bitcoin in the past quarter.

Grayscale is a digital asset manager, the world’s largest, while Square is the fintech company that offers Bitcoin purchases for its clients via the Cash App.

To put this amount of BTC into context, Bitcoin miners brought in around $1 billion worth of BTC over the course of the past quarter.

This suggests that with Grayscale and Square’s inflows alone, there was a shortfall of $1.3 billion BTC, which likely contributed to the upside.

“In 2020-Q3, Bitcoin Miners brought in just under $1 Billion USD. That’s new BTC + Fees. Square and Grayscale alone took in $2.3 Billion USD. That’s a 1.3 Billion USD Shortfall. Supply and Demand.”

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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:

A Biden win* will lock China’s global supremacy, crash the $USD, send #BTC to $400,000 – as $100,000,000,000 in global managed funds start allocating into BTC to escape. Expect BTC well above $28k by Inauguration Day. ————————————-

*Contested

— Max Keiser (@maxkeiser) November 6, 2020

2016 Russian election influence categorically proven false 2020 Chinese election influence; by the time the hearings are over, will categorically be proven true

By which time, #Bitcoin will be over $100,000

Are you ready?

— Max Keiser (@maxkeiser) November 6, 2020

Square and Grayscale Accumulated $2.3b Worth of Bitcoin Over Q3

It’s a “Matter of Time” Before Bitcoin Hits $20,000: Analyst