BITCOIN WILL SKYROCKET TO 0,000 BY 2022 VERY EASY!! BTC PRICE PREDICTIONS – CMDX INTERVIEW!!

➡️ Teeka Tiwari – Investment of the Decade:  http://2020.cryptonewsalerts.net

A new 2020 crypto outlook report on Bitcoin from Bloomberg has been released, revealing just how bullish the company’s analysts are on BTC suggesting that the current active addresses point to prices closer to $12,000 in the short term.

Bloomberg researchers are growing increasingly bullish on the first-ever cryptocurrency.

The current global economic environment is the perfect recipe for the asset’s price to climb higher, according to the brand. “Unparalleled global central bank easing and rising gold values are enduring trends favoring a higher Bitcoin price,” the report reads.

Bloomberg researchers believe that the low volatility in the asset transitioning from a speculative asset to digital gold. Volatility recently reached lows compared to major stock indices like the Nasdaq.

The asset’s hard capped supply of just 21 million BTC versus steadily growing demand tips the scales “toward price appreciation,” they say.

The report also claims that based on active Bitcoin addresses, fair market value is closer to $12,000 for the leading cryptocurrency by market cap.

Data sets also show that Bitcoin is maturing and volatility is decreasing compared to the stock and commodities markets.

A comparison with crude oil, Bloomberg says, demonstrates “nascent technology designed to increase in fiat-currency terms vs. the primary commodity that’s deflationary and redundant.”

They further conclude that Bitcoin is a “caged bull set for a breakout, and claim the asset is eying resistance at $13,000.

Breaking through that level would allow the cryptocurrency to attempt a retest of its former all-time high.

This peak was set back at the height of the crypto hype bubble at $20,000.

But what do Bloomberg researchers think about altcoins?

They suggest that the “oversupplied crypto market has little chance of appreciation” without a Bitcoin bull run.

With Bloomberg essentially claiming a new Bitcoin bull run is just about here, the entire crypto space could once again see soaring prices.

In other trending Crypto News today:

Chainlink just set a new all-time high, with LINK prices pushing $5.6. Despite investor optimism around the altcoin, data shows that big investors are getting ready to take profits.

Roughly $200 million was injected into Chainlink over the past 24 hours.

The substantial buying pressure behind this altcoin allowed it to turn a mid-March’s high of nearly $5 into support.

Following the upswing, investors seem to have FOMOed, pushing LINK’s price further to reach a new all-time high of $5.60.

And in other trending Bitcoin News today:

Bitcoin-Friendly Kanye West Running for US President 2020, Taking on Donald Trump and Joe Biden

Kanye West announced on Independence Day that he is running for president of the United States in 2020, taking on Donald Trump and former Vice President Joe Biden.

Responding to the bitcoin-friendly singer with 21 Grammy Awards, Tesla and Spacex CEO Elon Musk said West has his full support.

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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:

We must now realize the promise of America by trusting God, unifying our vision and building our future. I am running for president of the United States 🇺🇸! #2020VISION

— ye (@kanyewest) July 5, 2020

Chainlink Hits New All-Time Highs, Whales Get Ready to Dump

Bloomberg Researchers Bullish on Bitcoin, Demand Points To $12,000

https://data.bloomberglp.com/professional/sites/10/Bloomberg-Indices-Outlook_Cryptos_July-2020.pdf

https://news.bitcoin.com/bitcoin-kanye-west-running-for-president-2020-donald-trump-joe-biden/

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

The ongoing Bitcoin downside correction is strikingly similar to its price action in June-December 2019. BTC faces the prospects of reaching $47,500-$50,000 based on its current trend’s eerie similarity.

TradingShot, a market analytics platform, noted that a bullish divergence formation, coupled with a rebound from the 50-week SMA support, could again send Bitcoin prices to the 61.8% Fib level of the current top-to-bottom Fibonacci retracement graph.

In a chart provided by TradingShot, the 61.8% Fib level appeared near $47,500. Meanwhile, the other chart above showed the profit target near $50,000.

In other trending Bitcoin News today: Here’s the Worst Case Scenario for Bitcoin This Month, According to Crypto Analyst PlanB!

The widely followed analyst, who has gained a massive following for being the first to apply the stock-to-flow model (S2F) to Bitcoin, says the S2F is in a “make or break” phase, where it will either be further confirmed or invalidated in the next six months.

According to PlanB, the worst-case scenario for Bitcoin this month is a monthly close at $28,000. However, the Bitcoin bull says brighter days are ahead for the world’s leading crypto and notes that the worst possible monthly close for BTC in August is $47,000. He also asserts that $64,000 was not the peak of the bull run.

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Trezor: ► http://trezor.cryptonewsalerts.net

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:

https://cointelegraph.com/news/bitcoin-fractal-setup-from-2019-hints-btc-price-can-rebound-back-to-50k

https://cryptopotato.com/bitcoin-price-analysis-btc-now-facing-huge-resistance-dated-back-to-mid-may/

➡️ Leverage OPM (Other People’s Money): http://opm.cryptonewsalerts.net

Bitcoin billionaire Tyler Winklevoss says the Bitcoin price will ‘at least’ 45x from here surging to $585,000 per BTC in his recent tweet on Crypto Twitter:

“JP Morgan analysts think Bitcoin could triple in value and challenge gold. While I think its at least like a 45x from here, not a 3x, at least we can agree that bitcoin is going up. It’s hard to understand why anyone wouldn’t own BTC by now.”

The Bitcoin bull was referencing the following Fortune article entitled:

“For years J.P. Morgan was skeptical of Bitcoin. Now the bank’s analysts say its value could triple, challenging gold”

A team of analysts at J.P. Morgan’s Global Markets Strategy group are touting Bitcoin’s emergence as an alternative to gold among millennials, suggesting a “doubling or tripling” in the price of the cryptocurrency if current trends continue.

The prediction, which came in a research note published on Friday, is remarkable given the bank’s onetime skepticism toward Bitcoin, which included CEO Jamie Dimon calling it a “fraud” in 2017 and saying he would fire anyone trading it for being “stupid.”

J.P. Morgan’s bullish stance is driven in part by PayPal’s recent decision to offer Bitcoin to its customers and Square’s recent move to add $50 million of the cryptocurrency to its balance sheet.

Another major factor for its position, though, is the demographic trend in which younger generations are choosing Bitcoin over gold.

“The older cohorts prefer gold, while the younger cohorts prefer Bitcoin as an ‘alternative’ currency,” says the research note.

The analysts go on to observe that, if this trend continues, there could be a challenge to gold in the long term—with important price implications for Bitcoin.

“Even a modest crowding out of gold as an ‘alternative’ currency over the longer term would imply doubling or tripling of the Bitcoin price from here,” the note states.

Bitcoin is currently trading at around $13,000.

That falls well short of its all-time high of nearly $20,000, which occurred during the crypto bubble of late 2017, after which Bitcoin fell to around $3,400 the following year.

The current price run-up has been more stable, however, with Bitcoin staying above the $10,000 mark for an unprecedented three-month stretch. Millennials’ embrace of Bitcoin has been underway for a while.

Late last year, a Charles Schwab survey found that shares of GBTC, from Grayscale—a company that holds Bitcoin in trust—were more popular among the cohort than famous names like Netflix and Disney.

Meanwhile, Grayscale has been fanning the trend with a national TV campaign called “Drop Gold.”

In other trending Bitcoin News today:

Bitcoin Just Posted Biggest Buy Signal in More Than Two Years, Says Top Crypto Analyst Nicholas Merten – Here’s What’s Next

DataDash founder and crypto analyst Nicholas Merten says Bitcoin just flashed its biggest buy signal in over 24 months.

“What we need to do is set a close, and I would like to see a substantial close above the yearly high close here which is $13,880. If we can get $14,000, $15,000 for Bitcoin just by the end of the year, going through October, November, up until December…

That’s all we need to see folks. It is a clear telltale sign in price in the simplest form of analysis. Again, simplicity wins out. It is the simplest key sign here that we’re setting up for a substantial move in the market.”

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🔥 Binance – Buy, Sell or Trade Over 400 Altcoins: ► http://binance.cryptonewsalerts.net

🔥 [IMPORTANT] – Secure your crypto with a Trezor or Ledger hardware wallet:

Trezor: ► http://trezor.cryptonewsalerts.net

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:

JP Morgan analysts think #Bitcoin could triple in value and challenge gold. While I think its at least like a 45x from here, not a 3x, at least we can agree that bitcoin is going up 🚀. It’s hard to understand why anyone wouldn’t own BTC by now. https://t.co/FurucyrVMV

— Tyler Winklevoss (@tyler) October 26, 2020

https://fortune.com/2020/10/26/jp-morgan-chase-bitcoin-predictions-analyst-jpm-cryptocurrency/

https://dailyhodl.com/2020/10/27/bitcoin-just-posted-biggest-buy-signal-in-more-than-two-years-says-top-crypto-analyst-nicholas-merten/

https://www.btctimes.com/news/can-october-record-bitcoins-highest-monthly-close