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Cryptocurrency trader Tyler Swope says that the latest Bitcoin upgrade could be the fuel that BTC needs to send the leading digital asset to new all-time highs. In a new strategy session, the host of Chico Crypto says that Taproot, the soft fork that aims to enhance Bitcoin’s privacy measures and smart contract flexibility, might be some of “the best news ever” for BTC.
“This is great for Bitcoin. I mean, it’s some of the best news ever because Bitcoin is about to get privacy and it’s about to get some more complex smart contracts that can make it do a lot more things. There’s going to be a big conversation coming on.”
In other trending Bitcoin News today: Bitcoin price bottom is in, says Fidelity executive Jurrien Timmer as crypto market exits ‘extreme fear’ as the BTC price action stays above $40,000. “In my view, it looks like the bottom is in.”
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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.
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5 COINS TO MILLION: THE FINAL 5 – TEEKA TIWARI PICKS | Bitcoin Price Eyes Close Above ,0000
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Discover the ‘Final 5’ Teeka Tiwari picks of 2020 before the infamous BTC halving.
Regardless what happens next to the Bitcoin price, these cryptocurrency projects from Teeka simply cannot be ignored….
“FIVE Tiny Cryptocurrencies That Could Turn $500 Into $5 Million… Thanks To A Crypto Market Phenomenon Guaranteed To Hit In Roughly 50 Days”
This Could Be The Biggest Millionaire-Making Event In Human History (It’s NOT The Bitcoin Halving) 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.
Bitcoin (BTC) Eyes Close above $14,000, According to Textbook Technical Indicator
A textbook technical scenario brewing inside the bitcoin market could send its prices above $14,000.
Crypto analysts highlighted earlier this week the potential formation of an Inverse Head and Shoulder (IHS) pattern.
Investopedia defines it counter, which is called Head and Shoulder Pattern, as a “reliable” indicator in predicting an asset’s bullish-to-bearish trend reversals.
Therefore, its inverse version appears bearish-to-bullish to crypto traders. Bitcoin’s recent price action has led it to partially complete IHS.
It ideally resembles the establishment of three lows, with the middle-low the deepest.
So far, bitcoin has made two lows (one ‘left shoulder’ and the other ‘head’).
It is yet to complete the IHS by making the third one, as shown in the chart below, followed by a bounce towards the neckline.
That typically means that bitcoin could first crash towards the low established earlier by the Left Shoulder.
The fall could be anywhere between $7,800-8,054.
Then, the same area could serve as support to attract more buyers, leading to an upside retracement towards the IHS’s neckline of $10,190.
Bulls could push the price further above the neckline, leading to a breakout scenario.
The IHS breakouts typically lead price higher by as much as the pattern’s height.
In the current case, that height is about $400.
With that said, bitcoin’s close above the IHS neckline could have traders wait for a close above $14,000 in the medium-term.
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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:
So I think May 2020 #bitcoin halving will produce similar results (red dots) as 2012 and 2016 halving. Why? Co-integration! ELI5: S2F and btc price stay together. Look at the white dots (1 means btc price is exactly S2F model value), btc is above and below model value EVERY YEAR. pic.twitter.com/kfrejvrRA2
— PlanB (@100trillionUSD) March 4, 2020
Cut interest rates and print money.These are the tools of central banks.And they’re going to abuse them at the exact moment we head into the Bitcoin halving.
Even Hollywood couldn’t write this script 🤯https://t.co/lZqqIFJDNu
— Pomp 🌪 (@APompliano) February 29, 2020
Bitcoin Eyes Close above $14,000, According to Textbook Technical Indicator
https://cointelegraph.com/news/bitcoin-not-affected-as-us-fed-prints-equivalent-of-98m-btc-in-1-day
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BITCOIN PRICE REACHING BITCOIN PRICE REACHING $1,000,000 ‘DOESN’T SOUND CRAZY’ | BTC Tumbles, Altcoins in Deep Red,000,000 ‘DOESN'T SOUND CRAZY’ | BTC Tumbles, Altcoins in Deep Red
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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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MAX KEISER SAYS THIS BITCOIN RALLY WON’T PAUSE UNTIL K AS THERE’S VIRTUALLY NO RESISTANCE LEFT!!
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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
— 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
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