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A panel of 50 Bitcoin and cryptocurrency experts has predicted the BTC price will continue to climb through 2021, hitting highs of around $80,000, before surging to $250,000 by 2025 and a staggering $5 million per Bitcoin by 2030.
The group, made up of crypto analysts, researchers and entrepreneurs, returned an average bitcoin price prediction of $80,021 in 2021 before ending the year at $71,415.Â
By the end of 2025 and 2030, panelists expect the bitcoin price to skyrocket to an average of $249,578 and $5.2 million per BTC respectively.
In other trending Bitcoin News today: Avalanche of Institutions To Descend on Crypto Markets Over Next 12 to 18 Months As Bitcoin Hits $150,000, Says SkyBridge Capital CEO!
âItâs likely to get to $150,000 over the next 12 months. Iâm going to stick with my earlier price target that I shared with you on our SALT talk when you did my podcast. I think itâs a hundred thousand by year-end. I just think itâs that because thereâs now a gateway opened⊠A gateway opened yesterday where an institution can now say âI can buy this.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/btc-price-on-the-way-to-90k-5-things-to-watch-in-bitcoin-this-wekk
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High-Profile Crypto Strategist Says Bitcoin (BTC) Price Targeting K | Ethereum Hits 2020 High
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High-profile crypto strategist Peter Brandt says Bitcoin appears to be setting up for a big move that will propel the BTC price to a new all-time high.
The veteran trader tells his 364,000 Twitter followers that he sees Bitcoin ending its multi-year bear market en route to a surge of 400%.
âThat is actually where my head is. Massive symmetrical triangle in BTC points to ATHs, then $50kâ
The top cryptocurrency briefly climbed above psychological resistance of $10,000 on Sunday.
Brandt also sees the possibility of a long-awaited breakout for XRP.
âXRP/BTCÂ forming a possible inverted H&S bottom. Maybe Ripple Labs, the bag holder, will be able to pull a cat out of the bag.â
Another closely-followed crypto analyst who goes by the name The Crypto Dog tells his 203,000 Twitter followers that he believes the XRP/BTC pair is on the cusp of a new uptrend.
âThis is literally the very beginning for XRP. Let it ride.â
In other trending Bitcoin News today:
Ethereum Price Hits 2020 High: Key Reasons Why ETH Outperforms Others
The price of Ethereum (ETH) has reached a new yearly high at $322, surpassing the previous high achieved in February 2020.
Three key catalysts are seemingly behind the ETH rally. Since early 2020, the anticipation of Ethereum 2.0, which would enable staking for users, pushed the demand for ETH upward.
Staking allows users to receive incentives when miners are eliminated from the Ethereum network.
A proof-of-stake consensus algorithm does not need miners on the protocol.
Instead, users with a stake in ETH collectively process data and information through staking.
In return, they receive rewards in the form of ETH.
After the so-called âBlack Thursdayâ correction on March 13, when ETH briefly dropped below $90, the DeFi market began to expand rapidly.
When new protocols, like Compound, introduced their incentive systems, the demand for decentralized finance increased even further.
In May, less than $1 billion was locked in DeFi platforms. As of July 26, more than $3.75 billion is locked across various DeFi protocols.
The optimism around DeFi and Ethereum 2.0 eventually led to Ether spot and options markets setting record high volume and open interest.
Since the start of the second quarter, the ETH options market has continuously soared to new highs in terms of trading activity.
Consequently, it intensified the uptrend of ETH in a short period. Cryptocurrency on-chain market data analysis firm Santiment said ETH broke out of $300 for the 42nd time in history.
An upsurge above $350 would be significant, according to researchers, because it has only happened three times in the past. Santiment stated in a tweet:
âItâs clear that Ethereum is sitting in its âsweet spotâ where the most polarization has historically unfolded (between the $200 and $300 levels) during its five year history.â
Based on the technical market structure of Ether, some traders said that $308 and $400 remain as the key short-term resistance levels.
Michaël van de Poppe, a Cointelegraph contributor and a full-time trader at the Amsterdam Stock Exchange, said in a tweet that ETH has increased higher than expected:
âGoing a little higher than the plan initially was, a month ago. But weâre doing fine. Might be on the resistance at the $308 level. But thatâs basically final hurdle before $400+, to me.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:
That is actually where my head is. Massive symmetrical triangle in $BTC points to ATHs, then $50k
â Peter Brandt (@PeterLBrandt) July 25, 2020
https://www.coindesk.com/research/reports/ethereum-2-0-how-it-works-and-why-it-matters
https://cointelegraph.com/news/ether-price-hits-2020-high-key-reasons-why-eth-outperforms-others
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MACRO STRATEGIST RAOUL PAL SHARES POTENTIAL #post_titleM BITCOIN (BTC) TARGET!! DEFI ASSET YFI RECLAIMS K!
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Global Macro Investor founder and chief executive Raoul Pal is betting big on Bitcoin.
Pal is offering an update on his BTC portfolio and declares more than half is now dedicated exclusively to Bitcoin.
In May, Pal said Bitcoin appears to be entering one of the best technical setups of all time and could be on a long-term trajectory to $1 million.
âBitcoin Porn and The Perfect Set Up⊠BTC Chart 1 â The Perfect Wedge. If you use classic charting techniques, it gives you a price target of around $40,000âŠbut
Chart 2 â The Perfect Wedge on a Log Chart Well, that gives you a price object for this run potentially (key word â potentially) of $1m.
Chart 3 â The Perfect Regression Channel That gives a 1 standard deviation move to $400,000 and a 2 standard potential to $1m (potential).â
Pal is also publicly pondering just how far he should go in his wager that Bitcoin will be one of the most lucrative assets of the next decade.
âIs it possible to get irresponsibly longer or is irresponsibly long the max? Asking for a friend⊠Bitcoin.â
The high-profile investor says his portfolio allocation is high risk and not something everyone should pursue.
âWe are all 100% aware of the downside risk in a 60 vol asset⊠this is not a trade for a great grandmother.â
The Global Macro Investor executive says heâs accepted the possibility that Bitcoin might plummet all the way down to zero.
To further clarify his apparently BTC allocation, Pal explains that thereâs a method behind the madness.
âI just want to be clear, with regards to being irresponsibly long bitcoin: I donât use leverage. I fully expect to have to deal with a 50% drawdown and, Iâm ok with it. I look at my allocation versus liquid assets and not my house etc. I am lucky have an income stream, which is key.â
In other trending Bitcoin News Today:
Yearn Financeâs YFI Reclaims $40K after Coinbase Listing
Yearn Financeâs governance token, YFI, closed above $40,000 during the early trading session on Monday. The YFI/USD exchange rate established an intraday high at circa $42,425 following a 13.74 percent rally.
The strong upside move appeared despite a lackluster bullish trend elsewhere, with top cryptocurrencies Bitcoin and Ethereum trading under the weight of sellers.
YFI too experienced a sell-off near its session top.
Traders booked their intraday profits, causing the cryptocurrency to plunge lower by 8.50 percent during the European session.
Nevertheless, a support level lurking around $38,990 protected the price from falling anywhere lower.
YFI/USD reclaimed some of its intraday profits after establishing its session support level.
A continuation in uptrend expects to lead the pair towards its all-time high near $44,003, with a primary bullish target lurking near $50,311.
The latest winning round the Yearn Finance market followed YFIâs listing on Coinbase Pro.
The US-based crypto exchange announced earlier today that it is now allowing traders to deposit their YFI tokens into its platform.
From Tuesday, trading of the DeFi cryptocurrency will commence.
Excerpts from their announcement:
âOnce a sufficient supply of YFI is established on the platform, trading on our YFI-USD order book will launch in four phases, transfer-only, post-only, limit-only and full trading. If at any point one of the new order books does not meet our assessment for a healthy and orderly market, we may keep the book in one state for a longer period of time or suspend trading as per our Trading Rules.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:
Chart 2 â The Perfect Wedge on a Log Chart
Well, that gives you a price object for this run potentially (key word â potentially) of $1m. pic.twitter.com/ZDJXsrbbVN
â Raoul Pal (@RaoulGMI) May 8, 2020
Chart 3 â The Perfect Regression Channel
That gives a 1 standard deviation move to $400,000 and a 2 standard potential to $1m (potential). pic.twitter.com/YV1SUOKWjn
â Raoul Pal (@RaoulGMI) May 8, 2020
S2F version 1 update. This is the 2019 time series model on historical BTC data only (no gold, silver, diamonds, real estate data used). You see the jump in model value at the halving (white line) and corresponding drop in S2F multiple / model error (white dots). Time to go up. pic.twitter.com/qIjiXfbmCx
â PlanB (@100trillionUSD) September 14, 2020
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CONTROVERSIAL BITCOIN PRICE MODEL PLACES 'EXACT DATE' ON WHEN BTC WILL SHATTER 0,000!!
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We can expect the Bitcoin price to shatter $100,000 on this âexact dateâ according to one of the most controversial BTC analysts in Crypto.
Using the stock-to-flow model (S2F), which divides the amount of Bitcoin in circulation by the amount of BTC mined per year, PlanB believes BTC is set to be over $100,000 on August 16th, 2021.Â
The high-profile crypto analyst retweeted a post from Dutch entrepreneur Marc van der Chijs on the viability and timing of the S2F model.
âMost people think this is impossible, but I have seen a 1,000% increase in less than a year at least twice before in BTC (2013 & 2017). S2F is holding up pretty well after the halving, if FOMO will start again, anything is possible.âÂ
PlanB was the first analyst to apply the S2F model to Bitcoin.
Although it has plenty of critics, predictions from the model have so far been highly accurate.Â
Over the weekend, the quantitative analyst told his 123,000 Twitter followers that the stock-to-flow ratio continues to be in step with Bitcoinâs price action.
â3rd red dot (currently $11,850) above 2nd red dot (bitcoin July close $11,356) and above 1st red dot (June close $9,132)⊠next target: December 2017 ATH close $14,000.â
In other rending Bitcoin News today:
ANALYST: BITCOIN COULD SURGE TO $17,000 ONCE THIS CRUCIAL LEVEL IS BROKEN
Analysts are now closely watching to see how BTC continues responding to $12,000, as it has yet to catalyze any sharp selloff during this latest push higher. While speaking about Bitcoinâs near-term outlook, one analyst explained that in an optimistic scenario, the cryptoâs price could push as high as $17,000.
That being said, he also notes that there are hurdles in the way, with $13,000 being the first region he is watching.
âBitcoin: Given the significance of this level, Iâm starting to think this is becoming a very likely scenario. However, a clear break and flip of $12K are continuations towards $13K and possibly $15-17K area.â
For this possibility to play out â or even come close to coming to fruition â it is imperative that Bitcoin breaks past $12,000 with decisive force.
EX-PRUDENTIAL CEO DOES A U-TURN: IT IS TIME TO BUY BITCOIN
In an interview with Fred Katayama of Reuters, Mr. Ball, who currently serves as the Chairman of the investment firm Sanders Morris Harris seemed to showcase a more positive stance towards Bitcoin.
Previously, George was a hater of the worldâs top cryptocurrency and blockchain technology.
But now he thinks that Bitcoin makes for an attractive long-term investment. According to him:
ââŠitâs where many people will turn after Labor DayâŠâ Ideally, as an investor, he would either want âto make a safe haven for my money or a short-term speculative bet.â
The ex-Prudential boss remarked that the current scenario in stock markets is boring, and the âliquidity floodâ is the only thing thatâs keeping things afloat.
But that will soon end. Mr. Ball said that the continuous flurry of stimulus packages would eventually return to bite back the government, and added that: He thinks that âtraders and investors should realign their portfolios substantially,â and allocate sections of their portfolios to Bitcoin.
Why? Because BTCâs ââŠsomething that canât be undermined by the government, and it wonât become worthlessâŠâ And thatâs why wealthy traders and investors could probably turn to Bitcoin, as âthere are no yields today.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:
$BTC #BITCOINGiven the significance of this level, I’m starting to think this is becoming a very likely scenario.
However, a clear break and flip of $12K are continuations towards $13K and possibly $15-17K area. pic.twitter.com/jSeAuyRhCp
â Crypto MichaĂ«l (@CryptoMichNL) August 15, 2020
No, $288k is the average in roughly mid2020-mid2024
â PlanB đŽ đŽ đŽ (@100trillionUSD) August 17, 2020
Most people think this is impossible, but I have seen a 1000% increase in less than a year at least twice before in BTC (2013 & 2017). S2F is holding up pretty well after the halving, if FOMO will start again anything is possible. https://t.co/rOf63ud0zK
â Marc van der Chijs â new account (@marcvanderchijs) August 16, 2020
Analyst: Bitcoin Could Surge to $17,000 Once This Crucial Level is Broken
https://cryptopotato.com/ex-prudential-ceo-does-a-u-turn-it-is-time-to-buy-bitcoin/
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