BLOOMBERG: BITCOIN PRICE ACTION REMINISCENT OF 2015 BEFORE HISTORIC 100X BTC BULL CYCLE BEGAN!!

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Bitcoin may be breaking free from its correlation with the stock market and gearing up for a parabolic 2021, according to a new Crypto report from Bloomberg.

The financial news outlet’s latest monthly outlook on crypto calls BTC a “caged bull” that could be on the cusp of a massive long-term breakout.

“Bitcoin may undergo a parabolic 2021, as it did in 2013 and 2017, if previous patterns play out again. New highs are a next potential iteration for the firstborn crypto and may be only a matter of time unless something we don’t foresee trips up the trend of greater adoption and demand vs. constrained supply.

Favorable macroeconomics, akin to those buoying gold, supports the digital store-of-value, notably vs. the oversupplied broader crypto market…

Bitcoin may be in early days of ending its constraining relationship with the Nasdaq 100 Stock Index, in our view.

Technically, the Bitcoin-to-Nasdaq ratio near 1.2 on Oct. 27 has extended above 1.1 resistance that has held for about a year.”

According to the report, Bitcoin’s resistance at $10,000 may morph into resistance at $20,000 next year.

The report cites Bitcoin’s dwindling supply and ultimate cap of 21 million coins as a key driver placing the leading cryptocurrency on a positive trajectory.

It also names steady BTC buys from the institutional crypto asset manager Grayscale as a factor supporting Bitcoin’s price.

Bloomberg analyst Mike McGlone says Bitcoin’s 2020 price action is also reminiscent of 2015, ahead of a bull cycle that ultimately saw BTC rise by 100x.

“2020 Bitcoin may be 2015 launchpad deja-vu. Some key technical indicators portend a strong up-year for Bitcoin in 2021. In 2020, the benchmark crypto dipped below its 50- month moving average and 180-day volatility dropped below 40% at the start of November.

This price foundation pair was last matched in 2015 as Bitcoin bottomed near $200; it peaked about 100x higher in 2017. We see Bitcoin volatility declining with natural maturation and little chance of similar high-velocity appreciation, but the indication is clear: Unless something significant trips it up, the crypto’s price is ripe to advance in the coming years.”

In other trending Bitcoin News today:

“3 Primary Reasons Why Ethereum (ETH) Could Hit $500 in Q4”

A confluence of bullish fundamental and technical indicators sees Ethereum rallying upward towards $500 in the fourth quarter.

The second-largest blockchain asset by market capitalization has rallied by more than 200 percent in 2020, with its price trading just shy of $490 in early September.

Nevertheless, its uptrend paused as traders migrated to Bitcoin, the flagship cryptocurrency that earlier gained entry into the investment/service portfolios of significant corporations (Square, MicroStrategy, PayPal, etc).

#1 ETH/BTC Support

A slowdown in Ethereum’s dollar-based uptrend finds headwinds in the ETH/BTC chart.

The pair, which pits Ethereum directly against Bitcoin, is trading lower since August 31.

As of Thursday, it was down by more than 32 percent from its YTD high of 0.0406 sats.

#2 Ethereum Ascending Triangle

Ethereum’s correction from its YTD high followed by a subsequent pullback to the upside left its price in a consolidation channel.

That range, with a fixed horizontal resistance line and a trail of higher lows, made an Ascending Triangle pattern.

#3 Fundamentals

The reason why Ethereum could perform per its bullish technical expectations is a solid fundamental catalyst.

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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:

#Bitcoin may undergo a parabolic 2021, as it did in 2013 and 2017, if previous patterns play out again. New highs are a next potential iteration and may be only a matter of time unless something we don’t foresee trips up the trend of greater adoption and demand vs. limited supply pic.twitter.com/w742J7bXfC

— Mike McGlone (@mikemcglone11) November 4, 2020

https://assets.bbhub.io/promo/sites/12/917428_Crypto-Nov2020Outlook.pdf?link=button-header

3 Primary Reasons Why Ethereum (ETH) Could Hit $500 in Q4

https://cointelegraph.com/news/bitcoin-hits-14-7k-3-reasons-this-rally-may-see-new-all-time-highs

Post Views: 203

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BITCOIN NOW ON TRACK TO HIT $115K IN A FEW WEEKS SAYS PANTERA CAPITAL!! BTC PRICE PREDICTION 2021!!

By admin — 3 years ago

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

Blockchain investment firm Pantera Capital says Bitcoin looks like it will break the $100,000 level sooner than they originally forecasted.

In a new letter to investors, CEO and co-chief investment officer Dan Morehead notes that when BTC plummeted in March of 2020, he assured investors that it would set a new record within 12 months as institutional investors started making allocations.

“It took a few months to stabilize. A few months for the rally to build steam. Now it’s full on. My instinct from trading many cycles over 35 years is that crypto prices are going to melt-up. We’ll see much higher prices before this cycle is over.”

Morehead says Bitcoin is now rallying ahead of Pantera’s original projection. The CEO of the blockchain investment company highlights that as of March 15th, 2021, BTC is already three weeks ahead of schedule based on an analysis of the BTC stock to flow ratio (S2F) after the third halving.

Bitcoin broke the $60,000 mark on March 13th, exceeding Pantera’s original prediction of $52,943 for March 15th, 2021. Morehead concedes that BTC is outpacing their forecast and is now on track to reach $115,000 in a few weeks.

“Bitcoin is now ahead of our April 2020 forecast schedule — to hit $115,000 this summer.”

According to the firm, exposure to Bitcoin and the digital asset space has allowed their performance to skyrocket. Morehead also mentions the outstanding performance of the decentralized finance (DeFi) sector.

“Since publishing our March 2020 investor letter, which outlined our core thesis that unlimited money printing will push up the price of things whose quantity cannot be eased, Pantera Funds are up immensely.

In addition, the power of DeFi is emerging in the returns of our hedge funds. DeFi assets are out-performing even the remarkable performance of bitcoin.

We believe we are at the beginning of a multi-decade transformation.”

In other trending Bitcoin News today:

Rich Dad Poor Dad Author Says He’s Buying Bitcoin and Ethereum, Economy Is Screwed

Rich Dad Poor Dad author Robert Kiyosaki says he is racing to buy Bitcoin, Ethereum, and precious metals as the economy weakens.

In a new Rich Dad Radio Show podcast episode, the best-selling author and entrepreneur says that while he does not wish to argue over which store of value asset is superior, he is currently scrambling to own as much BTC, ETH and gold as he can.

“So I’m just grateful I have a lot of gold, silver, Bitcoin and Ethereum and I don’t get into the argument. Peter Schiff is always arguing about gold and silver and Max Keiser’s arguing back, and I think, ‘Why the heck are you guys arguing?’ Just get as much as you can right now because the government is screwed. We’re screwed. Our whole economy is screwed. We’re so deeply in debt, it’s like sinking into quicksand right and you’re arguing about gold, silver, Bitcoin. Just buy something.”

Last year, Kiyosaki predicted Bitcoin would break the $50,000 level in 2021. He said that this bet wasn’t necessarily based on the strength of Bitcoin, but in the weakness of the US economy and government.

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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:

Anyone who says “money doesn’t make you happy” is sick puppy who has never been broke. Money is a drug. It makes people happy. Problem is when drug wears off people get unhappy. Buy gold silver Bitcoin real money and stay happy.

— therealkiyosaki (@theRealKiyosaki) March 21, 2021

Saw some people freaking out about this drop of #Bitcoin and #altcoins.

Yes, altcoins drop further than $BTC due to the correlations.

And dips are interesting to accumulate.Corrections are healthy and organic.Stop zooming in on the charts and relax.

It’s still bull.

— Michaël van de Poppe (@CryptoMichNL) March 21, 2021

Pantera Capital Says Its Big Bitcoin Price Prediction Is Ahead of Schedule

https://cointelegraph.com/news/bitcoin-price-slides-5-after-failing-to-break-60k-here-s-why

Post Views: 233
Articles

BITCOIN SMASHES K! BTC WILL HIT K AS NETWORK EFFECT HAS ‘TAKEN OVER’ SAYS MIKE NOVOGRATZ!

By admin — 3 years ago

➡️ REPLAY: “The Crypto Catch-Up” – http://teeka.cryptonewsalerts.net

Bitcoin will hit $65,000 due to a combination of low supply and “tons of new buyers,” major BTC investor Mike Novogratz says.

In an increasingly popular Twitter debate on Nov. 17, Novogratz, who is well known for his prominent Bitcoin plugs, told actress Maisie Williams not to hesitate in buying the cryptocurrency.

Williams had released a poll asking Twitter followers whether or not she should invest in BTC.

At press time, the verdict was split, with 47% of the roughly 750,000 responses supporting an investment.

The poll soon caught the attention of famous Twitter users, among them Tesla CEO Elon Musk.

“I bought more BTC last night at 15,800. It’s going to 20K and (then) To 65K,” Novogratz commented.

“The network effect has taken over. I see tons of new buyers and there is very little supply. It’s an easier trade here (than) at 11K. So YES, buy it.”

As Cointelegraph reported, Bitcoin’s recent rise has been noticeable for the lack of associated media attention it has received.

Despite being at levels not enjoyed by the token longer than two weeks in its history, Bitcoin has not yet sparked the same frenzy of publicity that accompanied its rise to $20,000 all-time highs in 2017.

Behind the scenes, however, institutions that were previously unlikely supporters are coming around to the idea of a future in which Bitcoin stars as a major investment asset. Among them was Citibank this week, which forecast a December 2021 Bitcoin price of up to $318,000.

In other trending Bitcoin News today:

“THE PRIMARY HURDLE TOWARD $50,000 BITCOIN IS THE $20,000 ALL-TIME HIGH”

Bitcoin has rocketed higher over recent weeks. In the past five weeks alone, the leading cryptocurrency has gained 60%, boosting to $16,600 as of this article’s writing. Earlier today, the coin was trading higher than this closer to $17,000.

Analysts are confident that further gains are on the horizon.

According to Mike McGlone, a senior commodity analyst or strategist at Bloomberg Intelligence, Bitcoin passing its previous all-time high at $20,000 will cause a large move higher.

Referencing the chart below, he went as far as to say that the cryptocurrency passing $20,000 per coin could trigger a move to a $1 trillion market cap for all Bitcoin. This corresponds with approximately $50,000 per token, a price 200% higher than the current price point of $16,600.

Commenting on what the chart shows for Bitcoin, McGlone wrote:

“$20,000 Bitcoin Is Primary Hurdle Toward $1 Trillion Market Cap — The digital version of gold but with more-limited supply and a history of adding zeros, appears to be in an early price-discovery stage and may simply continue its ascent in 2021. Mainstream adoption is rising…”

Analysts think that Bitcoin moves beyond $50,000 in this market cycle, despite how impressive a rally to $50,000 would be. The Winklevoss Twins, the co-founders of Gemini and long-time BTC holders, recently stated that the cryptocurrency could pass $500,000 per coin in this market cycle:

“Inflation is coming. Money stored in a bank will get run over. Money invested in assets like real estate or the stock market will keep pace. Money stored in gold or BTC will outrun the scourge. And money stored in Bitcoin will run the fastest, overtaking gold…

Nonetheless, we believe that BTC will continue to cannibalize gold and that this story will play out dramatically over the next decade. The rate of technological adoption is growing exponentially. Software is eating the world and gold is on the menu.”

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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:

– 1yr HODL % still really high? Yep– bitcoin being rushed off exchanges? Yep– funding still neutral? Yep– Institutions still buying? Yep

Cool, See you at $22k in a few weeks when price reaches the 350dma x 2 of the Golden Ratio Multiplier. pic.twitter.com/pI84kJwmhh

— Philip Swift (@PositiveCrypto) November 16, 2020

$20,000 incoming -,A new wave of media coverage – A pop to $28,000 – A pause, possibly

– Then higher #Bitcoin

— Max Keiser (@maxkeiser) November 17, 2020

I bought more $BTC last night at 15800. It’s going to 20k and the. To 65 k. The network effect has taken over. I see tons of new buyers and there is very little supply. It’s an easier trade here that at 11k. So YES, buy it.

— Mike Novogratz (@novogratz) November 17, 2020

$20,000 #Bitcoin Is Primary Hurdle Toward $1 Trillion Market Cap —
The digital version of #gold but with more-limited supply and a history of adding zeros, appears to be in an early price-discovery stage and may simply continue its ascent in 2021. Mainstream adoption is rising.. pic.twitter.com/m4JSt5G09N

— Mike McGlone (@mikemcglone11) November 16, 2020

The Primary Hurdle Toward $50,000 Bitcoin Is the $20,000 All-Time High

https://cointelegraph.com/news/bitcoin-analyst-gives-4-reasons-why-btc-price-will-hit-22-000-next

https://cointelegraph.com/news/bitcoin-will-hit-65k-mike-novogratz-tells-actress-maisie-williams

Post Views: 184
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BITCOIN IS BREAKING OUT TO K!! BTC WILL REACH 0K BY END OF DECEMBER 2021 PREDICTS FiCAS CIO!!

By admin — 3 years ago

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

For the first time since 2017, Bitcoin price pushed above $19,000, and multiple indicators suggest the BTC rally will continue on, breaking the $20,000 all-time high.

The BTC price hit $19,000 on Nov. 24 for the first time since the historic rally in December 2017.

Three key reasons are behind this strong momentum of the dominant cryptocurrency.

The main factors buoying BTC’s ongoing rally is whale accumulation, decreasing exchange supply and explosive volume trends.

Ali Mizani (Founder of FiCAS AG, Swiss) has predicted the BTC price since 2016 when Bitcoin was around $900.

He predicted massive growth in Bitcoin up to $4k in a few months. His prediction forecast came true and on August 13th 2017, Bitcoin reached the price of $4,023. And again, he predicted the bitcoin price to reach $18K in 4 months.

“BTC price will fall in the next weeks and will reach 1/5 of its ATH in the next 2 years,” he said. Live on a TV interview with IRIB channel 5. A few weeks later, the bitcoin price fell rapidly, below $7,000 by April 2018. Then on the 12th of December, 2018 Ali’s prediction came true and bitcoin touched $3,378.

His next Bitcoin prediction was to get highly close to $7-9k.

“BTC Price will reach $7k – $9k at the very end of 2019,” he said on the 11th of April 2019. As 2019 was coming to its end, the price of bitcoin was hovering around the $7,300 mark.

Many predictions were off this mark, especially from bitcoin evangelists that were too optimistic with their estimates. Ali’s prediction became true and at the end of 2019, the closing price was about $7,240.

Ali Mizani is a researcher, inventor, and futurist managing one of the most lucrative cryptocurrency asset portfolios worldwide. He is the Founder/CIO of FiCAS AG. a Swiss regulated professional company for crypto asset investment advisory.

Ali Mizani thinks the trend is going to be upwards. When Bitcoin hit around $16000, a lot of analysts think that the US election 2020 may have influenced the price, but he thinks that was a normal trend and with or without the effects of the US election on bitcoin price, no doubt, the trend had to be upwards.

He thought BTC will reach $18k to $20k by the end of 2020 and he was right again. And good news, it is not going to be the end of the line. He thinks the BTC price can and will reach $200k to $300k by the end of December 2021 to March 2022.

In other trending Bitcoin News today:

“Ethereum 2.0 Confirmed For Dec. 1 Launch Just Hours Before Deadline”

Eth2’s beacon chain genesis has been confirmed for Dec. 1 following the transfer of 524,288 Ether (ETH) from 16,384 validators into the Eth2 deposit contract since it went live on Nov. 4.

Despite early concerns stemming from low staking participation, transfers to the deposit contract rapidly increased over the past day, with more than 200,000 ETH sent to the contract in the past 14 hours.

Ethereum 2.0’s beacon chain genesis is now set to take place on the earliest possible launch date of Dec. 1, with genesis taking place seven days after the required deposit contract’s threshold was met.

While genesis participants will not be able to withdraw their coins until ETH 2.0 reaches Phase 1.5 — which will merge the Ethereum mainnet with Eth2’s beacon chain and sharded environment — many hodlers are waiting for third parties to launch withdrawal-enabled staking services, despite the potential risk of exit scams.

The deposit contract’s threshold was met with roughly nine hours to go until its deadline.

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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 did it! Ethereum’s proof of stake chain will launch on December 1st.

💯%. We have now reached the minimum necessary for chain launch, including the pending transactions pic.twitter.com/kPGNX6qqk6

— Evan Van Ness (@evan_van_ness) November 24, 2020

99%

— vitalik.eth (@VitalikButerin) November 24, 2020

If Bitcoin flippened Gold, each Bitcoin would be worth $450,000.

— Dan Held (@danheld) November 23, 2020

https://www.prnewswire.com/news-releases/bitcoin-will-reach-200k-300k-by-the-end-of-2022–predicts-ali-mizani-oskui-cio-of-ficas-ag-301179599.html

https://cointelegraph.com/news/eth-2-0-confirmed-for-dec-1-launch-just-hours-before-deadline

https://cointelegraph.com/news/why-bitcoin-price-just-hit-19-000-for-the-first-time-in-3-years

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“3 Primary Reasons Why Ethereum (ETH) Could Hit $500 in Q4”

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BLOOMBERG: BITCOIN PRICE ACTION REMINISCENT OF 2015 BEFORE HISTORIC 100X BTC BULL CYCLE BEGAN!!

“3 Primary Reasons Why Ethereum (ETH) Could Hit $500 in Q4”

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BITCOIN NOW ON TRACK TO HIT $115K IN A FEW WEEKS SAYS PANTERA CAPITAL!! BTC PRICE PREDICTION 2021!!

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BITCOIN SMASHES K! BTC WILL HIT K AS NETWORK EFFECT HAS ‘TAKEN OVER’ SAYS MIKE NOVOGRATZ!

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BITCOIN IS BREAKING OUT TO K!! BTC WILL REACH 0K BY END OF DECEMBER 2021 PREDICTS FiCAS CIO!!

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