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Bitcoin Price Forming a Bull Cross; Now Targeting ,700 | BTC Starts Strongest Quarter Q2

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Following a brief selloff that led the Bitcoin price down to lows of $5,800 overnight, BTC has been able to post a strong and sustainable rebound that has since led it to climb towards $6,500, with bulls currently attempting to reclaim its previous position within the upper-$6,000 region.

It now appears that bulls are in the process of attempting to form an EMA bull cross, which could bolster its price action in the hours ahead.

Furthermore, bulls are also attempting to surmount a key resistance level that was recently established, leading one analyst to note that a weekly close above this level could lead the BTC price to rally up towards $7,700.

As for what could push Bitcoin above this resistance, Big Cheds – a popular cryptocurrency analyst on Twitter – explained in a recent tweet that he believes it is flexing a “potential 8/34 EMA bull cross” on its 4-hour chart.

“Bitcoin 4 hour -Flexing a potential 8/34 EMA bull cross,” he noted while pointing to the chart seen below.

This formation could significantly bolster the crypto’s near-term price action if it is confirmed in the coming several hours.

As for how high a confirmed break of the current resistance that Bitcoin is facing could send it, one analyst is noting that he is eyeing a movement up towards $7,700.

Teddy, another popular cryptocurrency analyst on Twitter, recently shared a chart showing two potential paths for the crypto, noting that it is currently in the process of taking the bullish route.

“Looks like BTC picked the green way,” he said while pointing to the below chart.

The upside target seen on the chart he references exists at roughly $7,700, which would mark a notable climb from where BTC is currently trading at.

Bitcoin Starts Strongest Quarter Q2 With Price Down Just 10% YTD

Bitcoin (BTC) has in total suffered just 10% from the coronavirus outbreak which obliterated stocks and caused the United States to print $6 trillion.

That was according to the latest quarterly price data from monitoring resource Skew.com on March 31, which showed that for Q1 2020, BTC/USD is only down by around 10.7%. 

At press time, the pair remained higher after seeking new support at $6,500 on Monday. 

At those levels, the pair is just $700 lower than its position at the start of 2020, and $3,800 beneath its current year-to-date all-time high of around $10,300. 

Bitcoin has advanced 75% in the two weeks since hitting its quarterly low — in a volatile period, that recovery at one point reached 90% as markets peaked at over $7,000 on some exchanges.

As such, Bitcoin now looks increasingly resilient as an investment option versus traditional markets, which are still trailing much more as a result of coronavirus.

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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/bitcoin-starts-strongest-quarter-q2-with-price-down-just-10-ytd

https://cointelegraph.com/news/bitcoin-stocks-rise-as-us-economy-grinds-to-a-halt-furloughs-soar

RUSSIA PROPOSES BITCOIN BAN, OFFENDERS FACE 7 YEARS IN JAIL!!! | BTC News Today

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Russian lawmakers have proposed new laws that seek to ban the use of Bitcoin and other cryptocurrencies in the country, local media reported.

According to draft bills submitted by a group of deputies to the Russian parliament recently, individuals may face up to seven years in prison and fines of up to $7,000 for using BTC in financial transactions.

People will also be penalized for buying crypto with cash or transferring to accounts opened with Russian banks.

If signed into law, the bills will punish companies that issue or operate virtual currencies without approval from the Russian central bank, with fines of up to two million rubles or about $28,000.

Furthermore, “for violation of the rules for transactions with cryptocurrencies, if they are used as payment for goods or services,” companies would have to pay the equivalent of one million rubles ($13,900) and individuals at least 200,000 rubles ($2,800).

The draft bills were lodged with Russia’s Ministry of Economic Development earlier this week, says a report published by local news company RBC on May 21.

One of the proposed laws plans to completely stop digital assets from being used as a means of payment by citizens or corporations. People that already hold digital assets will be forced to register them with Russia’s tax agency and explain how they acquired them.

Another bill proposes to add new sections to the country’s criminal law for illegal operations with cryptocurrencies. Companies that issue or circulate digital financial assets “using sites registered in Russia or technical equipment located in Russia” are especially liable under this second draft proposal.

Penalties may be compounded for both individuals and firms “if major or especially large damage was caused to citizens, organizations or the state, or if these actions led to enrichment on a large or especially large scale.”

Local lawyers fear that if these laws are enforced, they will paralyze the Russian cryptocurrency industry. Dmitry Kirillov, a senior tax lawyer at Bryan Cave Leighton Paisner and a teacher at Moscow Digital School, told RBC:

“People who currently own cryptocurrencies will be forced to get rid of them before the law comes into force or risk ‘going underground.’ Goals that will be achieved this way are the direct opposite of what’s being declared. In general, the idea of dropping a crypto ‘Iron Curtain,’ in my opinion, does not contribute to the development of businesses or Russia’s interaction with the world economy on a digital level.”

In other trending Bitcoin News today:

Chorus of Crypto Analysts Predict the Start of Altseason As Bitcoin Consolidates Around $9,000

As Bitcoin bulls and bears slug it out around the $9,000 price area, a handful of widely-followed analysts say they believe that an altcoin season may be on the horizon.

In a recent tweet, crypto strategist Crypto Ed NL tells his 92,000 followers that while he’s been bearish on altcoins since the fourth quarter of 2019, he is now changing his stance.

“Okay guys I’ve been annoying you all since October saying ‘no altseason’ yet but… This is how an altseason starts. Ready to rumble?”

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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://news.bitcoin.com/russia-law-criminalizes-buying-bitcoin-7-years-jail/

BITCOIN MILLIONAIRES – BTC Addresses Holding 1,000+ Coins On The Rise!

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Despite a fall this year of around 40%, many Bitcoin price metrics are still overwhelmingly bullish. The number of addresses holding over 1,000 coins, and the number of Bitcoin millionaires have both increased this year alongside network health indicators such as hash rate. The number of BTC addresses holding more than a thousand coins has hit a high of over 2,000 this month.

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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.

News Resources From Today’s Show:

Bitcoin Millionaires, BTC Addresses Holding 1000+ Coins On The Rise

Here’s the chart for the number of Bitcoin Millionaires over time*, around 12,000 right now.There’s 36m Millionaires on this planet, it’s still early days if you believe BTC will be the new currency.*gross approximation, uses balance in unique addresses

Data by @coinmetrics pic.twitter.com/MMD3J4BETE

— Willy Woo (@woonomic) October 11, 2019

RICH DAD POOR DAD AUTHOR PROMOTES BITCOIN: “FEDERAL RESERVE IS DEAD” | BTC Exponential Bull Run

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

According to Robert Kiyosaki, an American entrepreneur and ‘Rich Dad Poor Dad’ author, owning Bitcoin (BTC), silver, and gold is a wise decision because the “Federal Reserve is dead.”

He cited the increase in so-called “zombie companies” and their respective debts, purportedly at $900 billion.

Kiyosaki writes that the debt “zombies” have will pass $1.6 trillion next year, putting risk on the Federal Reserve.

“FED is Ded. Loans to Zombie CEOs cannot be paid back. In 2020 Zombies owe $900 billion with decling income. By 2021 Zombie debt to pass $1.6 trillion. Got gold, silver, Bitcoin? “Accept what ever comes to you woven in the tapestry of your destiny.” Marcus Aurelius. Take care.”

To combat this trend, alongside a potential debt crisis and money printing, Kiyosaki has effectively prescribed Bitcoin, silver, and gold.

He has mentioned those assets to his over one million followers ad nauseam over recent months.

The “Rich Dad Poor Dad” author says that those assets are “real money” while the fiat money printed by Federal Reserve is “fake.”

Kiyosaki isn’t only bullish on Bitcoin in spirit — he has a price target for the cryptocurrency.

He wrote in May that BTC could hit $75,000 in the next three years while the two precious metals also perform well.

Kiyosaki’s poignant comments on the economy and its relation to gold and Bitcoin comes as the precious metal has rallied.

In other trending Bitcoin News today:

Little-Known Crypto Asset Far Outperforms Bitcoin (BTC), Surging 5,000% Since April 2019 – Here’s Why

A low market-cap coin is gaining recognition after printing 5,000% gains since April 2019.

Crypto analyst and investor Alex Saunders tells his 35,000 Twitter followers that he came across Synthetix (SNX) after attending the Edcon Conference in Sydney last year.

“We were extremely early into a hidden gem & and it has been the best performing project in the best performing sector: decentralized finance.”

Synthetix is a derivatives trading platform built on the Ethereum blockchain that allows users to bet on a number of assets including stocks, crypto, fiat currencies, and commodities.

Those who wish to participate in the market can do so trading by their BTC or ETH into Synthetic Network Tokens (SNX), which can be locked up as collateral to produce synths such as the sUSD (synthetic US dollar).

Traders who hold synths can bet whether a particular stock or currency will rise or fall. What’s unique about Synthetix is that users who choose to stake their SNX tokens as collateral can earn rewards.

SNX’s value proposition of reducing circulating supply by introducing rewards, compelling users to stake massive amounts of coins, and enabling them to get exposure to other assets appears to be driving demand.

Synthetix is currently the third-largest DeFi platform with over $259 million worth of assets locked. The cryptocurrency has a market capitalization of $154.2 million according to CoinMarketCap.

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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:

FED is Ded. Loans to Zombie CEOs cannot be paid back. In 2020 Zombies owe $900 billion with decling income. By 2021 Zombie debt to pass $1.6 trillion. Got gold, silver, Bitcoin? “Accept what ever comes to you woven in the tapestry of your destiny.” Marcus Aurelius. Take care.

— therealkiyosaki (@theRealKiyosaki) June 28, 2020

ECONOMY dying. FED incompetent. Next BAILOUT trillions in pensions. HOPE fading. Bought more gold silver Bitcoin. GOLD @$1700. Predict $3000 in 1 year. Silver @ $17. Predict $40 in 5 years. Bitcoin @$9800. Predict $75000 in 3 years. PRAY for the BEST-PREPARE for the WORST.

— therealkiyosaki (@theRealKiyosaki) May 16, 2020

The best performing #DeFi project of the past two years is $SNX. It’s up 5000% since April 2019 Edcon Sydney. After seeing @synthetix_io presentation I told members this was a top 2 $ETH project & I was buying. We took some profit in Dec but kept HODLing for the long term. 🔥🚀📈 pic.twitter.com/TdImu7GsVY

— Alex Saunders 🇦🇺👨‍🔬 (@AlexSaundersAU) June 26, 2020

Rich Dad Poor Dad Author Promotes Bitcoin: “Federal Reserve Is Dead”

https://cointelegraph.com/news/new-bitcoin-price-model-suggests-exponential-bull-run-in-one-month

Bitcoin Price Predicted to Skyrocket to 0K in 2020 by Silk Road Founder Ross Ulbricht | BTC News

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The Bitcoin price could hit $100,000 as soon as in 2020 based on Elliot Wave Theory, according to Silk Road founder Ross Ulbricht.

“Thus, we have a price and target for the end of wave I of ~$100,000 some time in or near 2020.”

Ulbricht claims that he has several Bitcoin charts sent him to a prison cell on a daily basis.

It takes about a week to put his letters online, which makes them slightly out of date.

However, he states that it doesn’t matter since he only focuses on the coin’s long-term price action.

“The charts we will be looking at show the price of a bitcoin in US dollars over time.” 

According to Ulbricht, the overall trend for Bitcoin is still up (despite a severe price correction). 

The first cycle is divided into five waves that also feature “intermediate” waves.

The end of the fourth wave market the bottom of the 2014-2015 bear market when the price of Bitcoin plunged to $175 in January 2015 before gearing up for its parabolic rise to the current all-time high (ATH) that was conquered back in December 2017.

Ulbricht further explains that the ATH could mark the end of the third wave while another bear market that started in January 2018 could be the fourth wave. 

“If the ~$20,000 peak is the end of wave (3), then the correction pattern we are in (or just came out of) is wave (4), and we can expect wave (5) to take us to new all-time highs.” 

However, if the fifth wave is still unfolding, the next bull run could last until February 2021 and could ultimately take the price of Bitcoin to $100,000 as early as in 2020. 

In other BTC news today:

Bitcoin’s scheduled mining-reward halving in May 2020 could leave prices for the cryptocurrency in a range between $20,000 and $50,000, according to a new estimate.

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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://www.coindesk.com/bitcoin-halving-could-leave-price-at-20k-50k-hedge-fund-manager-says

https://u.today/bitcoin-price-predicted-to-skyrocket-to-100000-in-2020-by-silk-road-founder-ross-ulbricht

New Bitcoin Model Forecasts Explosion to 8K | Tim Draper Doubles Down on His 0K BTC Prediction

➡️ TEEKA TIWARI – The Investment of the Decade: http://2020.cryptonewsalerts.net

Introducing his latest revamp of the popular Bitcoin price model, analyst PlanB adds gold and silver and almost trebles his previous forecast.

The latest version of a popular and thus far accurate BTC price model predicts an average price of $288,000 — and it could happen this year.

In a blog post introducing the third incarnation of the stock-to-flow (S2F) model on April 27, analyst PlanB revealed fresh calculations that are taking his forecast ever higher.

This time, gold and silver joined in, combining with Bitcoin to create the new BTC S2F cross-asset model or S2FX. Stock-to-flow calculates a value based on the supply of new Bitcoins entering circulation through mining versus the existing supply, or “stock.”

The retroactive application confirms that the model is extremely competent at charting Bitcoin’s growth, with even last month’s 60% drop still falling within its predicted range.

Prior to S2FX, an “updated” stock-to-flow chart put BTC/USD at an average of around $100,000 between 2020 and 2024.

With the release of the new version, however, the prediction has almost tripled overnight.

“The S2FX model formula can be used to estimate the market value of the next BTC phase/cluster (BTC S2F will be 56 in 2020–2024),” PlanB summarized.

“…This translates into a BTC price (given 19M BTC in 2020–2024) of $288K.”

In other trending Bitcoin News today:

Tim Draper Doubles Down on His $250K BTC Prediction

If Bitcoin does not hit $250,000 by early 2023, Tim Draper jokingly says he’ll eat a raw egg.

Speaking at Virtual Blockchain Week, famed venture capitalist Tim Draper confirmed that he is sticking to his six-figure Bitcoin (BTC) price prediction.

Back in 2018, Tim Draper made a bold public call that the price of Bitcoin would reach $250,000 by the end of 2022 or early 2023.

As of today, he’s sticking to it:

“That’s my prediction. Sticking with it. I’m very confident that that is going to happen. That’s happening. It’s kind of funny.”

He cites a couple major reasons that might drive that kind of price action.

Draper believes that the US government’s massive stimulus package will debase the value of the dollar and “send people to crypto.”

He also expects that Bitcoin will see massive commercial adoption around the world within this timeframe.

“All of the sudden, the retailers say, “Oh, you mean I don’t have to pay 2.5-4 percent to the banks every time somebody swipes a credit card?”

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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 think PlanB made a step in the right direction my including more assets in his model. Solid work. As soon as S2FX is confirmed for a wide range of assets like Pt, W, $BSV and $BCC, it will have my enthusiastic support. Highly scientific! https://t.co/OTCcdrsVkd

— ᴹᵁᴴ𝔍𝔬𝔢⁰⁰⁷ 🐳 (@J0E007) April 28, 2020

https://cointelegraph.com/news/tim-draper-doubles-down-on-his-250k-btc-prediction

https://cointelegraph.com/news/new-stock-to-flow-forecast-puts-average-bitcoin-price-at-288k-by-2024

https://medium.com/@100trillionUSD/bitcoin-stock-to-flow-cross-asset-model-50d260feed12

TOP 5 TIPS FOR NEW BITCOIN INVESTORS | John McAfee’s #post_titleM BTC Price Prediction

Investing in Bitcoin (BTC) can be quite intimidating if you’re only just learning about its existence now.

In fact, taking the plunge and entering the cryptocurrency sphere is a risk for anyone, with or without investment experience.

This is because the crypto space has no centralized authority to guide investors.

Rumors, hype and horror stories dominate the internet, and separating fact from hearsay can be difficult at times.

Discover the top 5 tips for new Bitcoin investors in todays show.

We also discuss the extremely bullish BTC price prediction of John McAfee that Bitcoin will reach $1 million in 2020 could be based on how the asset’s price action developed during the 2013-2014 boom.

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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.

News Resources From Today’s Show:

Rumors of Bitcoin’s death have been greatly exaggerated:)

— John McAfee (@officialmcafee) October 27, 2019

BREAKING: The 4th bank to fail this year in China is now flooded with citizens rushing to withdraw their savings as fast as they can.They’re being offered extra interest and even gift cards to stop withdraws.

Bitcoin isn’t a get rich quick scheme, it’s a get free quick scheme.

— Rhythm (@Rhythmtrader) October 31, 2019

John McAfee’s $1M Bitcoin Prediction Mirrors 2013-2014 Bull Market

https://cointelegraph.com/news/top-five-tips-for-new-bitcoin-investors

Massive Bitcoin (BTC) Rally Will Set Our Hair on Fire | Chainlink Surges 39.5% to New All-Time High

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A group of Bitcoin influencers is offering their take on the BTC future, as well as the future of the global macro economy as Chainlink (LINK) soars to new all-time highs.

In a new episode of What Bitcoin Did podcast, Nic Carter, Tuur Demeester, Robert Breedlove and Alex Leishman agree that a widespread economic shift is brewing around the world, which will ultimately benefit BTC.

Carter, a partner at Castle Island Ventures, says he thinks a cascade of currency failures is coming over the next two years.

“What I think is likely to happen in the next 24 months is a wave of sovereign currency failures similar to the Asian financial crisis in the late ’90s, similar to the post Soviet Union, when a lot of sovereign currencies failed. You see it at times of dollar strength. You see it at times of global dislocation. It’s regional. It’s contagious. We’ve begun to see some distress in some sovereign currencies when there’s a lot of debt.

The world is very indebted in emerging markets and unfortunately, I think it’s going to immiserate tens or hundreds of millions of people. And for some of those people, they will be able to use crypto financial rails to exit their sovereign local currency and they can go to Bitcoin. They can go to the US dollar. There are stablecoins on these rails. So I think this is going to be a big story for the next year.”

Adamant Capital founder Tuur Demeester says increasing debt will cripple economies five to ten years in the future.

As for Bitcoin, he says traders need to prepare for another massive rally that will set everyone’s hair on fire.

“I think Bitcoin is a self-directed insurance policy. There’s a unique opportunity to get some exposure to that and there’s so much said about crypto and to me, the essence is just buy a little bit, start with that and then make a plan about storage, how you’re going to store it.

And also think ahead, like are you going to diversify that storage. The first time you buy, you store it in one place, but then I think it’s a good idea to think about storing it in different places. Because there is no FDIC. It’s not insured. If you lose your keys or if a company goes bust, it’s game over and you have to re-buy your Bitcoin. So think about that.

Also, make a plan for the price. Bitcoin prices, Bitcoin rallies are nothing like you’ve ever seen. Prices go up 10x, 100x in short periods of time. So you want to think beforehand about what you’re going to do when that happens.

Also, think about tax consequences. If you have a plan about selling, make sure you know the tax consequences of what you’re doing. Because a lot of people got burned in 2017.”

In other trending Bitcoin News today:

Chainlink (LINK) Surges 39.5% to a New All-Time High – Here’s Why

Today the price of Chainlink (LINK) soared by more than 34% to reach a new all-time high at $8.48 and also notch a market capitalization of $2.5 billion.

Three key factors that likely pushed the price of LINK to a new record high were: high-profile partnerships, price discovery, and the strong momentum that currently drives the altcoin market.

On July 6, the price of LINK surpassed its previous record high at $5.31 and officially entered a price discovery phase, which typically leads to a “fear of missing out” rally among investors.

Once price discovery occurs and the asset begins to rally to a new peak, the probability of an extended uptrend rises.

Within seven days of LINK recording a new historic high, its price rallied by more than 40% from $5.31 to $8.48.

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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/crypto-winter-could-really-be-over-as-new-bitcoin-starts-to-bloom

https://cointelegraph.com/news/chainlink-link-surges-395-to-a-new-all-time-high-heres-why

https://dailyhodl.com/2020/07/13/tuur-demeester-says-massive-bitcoin-rally-will-set-our-hair-on-fire-as-crypto-leaders-predict-future-of-btc/

BITCOIN IS LIKELY TO REACH $115K BY AUGUST AND $74K BY MAY 15TH SAYS CRYPTO TITAN PANTERA CAPITAL!!

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

“This is getting ridiculous. A year ago we predicted Bitcoin hitting $62,968 this week. It just did. This BTC rally is EXACTLY like previous halvings. Likely to reach $115k by August.” – Pantera Capital CEO Dan Morehead

Pantera’s estimates are based on the stock-to-flow ratio which takes into account the total number of Bitcoin in circulation relative to what is being mined. In addition to projecting that Bitcoin will reach $115,212 by August, Pantera predicts that BTC will hit $74,474 by May 15th, $88,576 by June 15th and $104,761 by July 15th.

In other trending Bitcoin News today: 

Dogecoin Doubles In A day As YTD Gains Hit 5,000% While Bitcoin Price Dips

Everyone’s favorite meme cryptocurrency “Doge” has delivered 12,600% gains in a year and likely created a string of millionaires.

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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:

The @dallasmavs have done more than 20,000 #Dogecoin in transactions, making us the LARGEST #DOGECOIN MERCHANT IN THE WORLD ! We thank all of you and can only say that if we sell another 6,556,000,000 #DOGECOIN worth of Mavs merch, #dogecoin will DEFINITELY HIT $1 !!!🚀🚀🚀

— Mark Cuban (@mcuban) March 6, 2021

https://cointelegraph.com/news/dogecoin-doubles-in-a-day-as-ytd-gains-hit-5-000-while-bitcoin-price-dips

https://cointelegraph.com/news/turkey-to-ban-cryptocurrency-payments

BITCOIN TO TOP $90K AND ETHEREUM SKYROCKET TO $15K IF HISTORY REPEATS SAYS NEW CRYPTO KRAKEN REPORT!

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Bitcoin and Ethereum have entered their second-most bullish month and could continue their respective runs with new highs by the end of it, reads Kraken’s new monthly Crypto report.

History suggests that Bitcoin could match that record after April, which is on average the second-best performing month with a medium increase of 51%. With BTC entering the new month at roughly $59,000, a 50% surge will take it to just shy of $90,000.

Furthermore, the research estimated ETH’s potential peak during this market cycle based on logarithmic regression curves. If the second-largest cryptocurrency is to match its previous run, its price could surge by about 700% from March’s end to $15,238.

In other trending Bitcoin News today:

Elite Class of Crypto Assets Will Outperform Bitcoin, Says Macro Guru Raoul Pal

“Fascinating to see that since inception ETH has outperformed BTC by 250%. It only fell below its initial price in BTC for the first 5 months of its existence in 2015. Let that put rest to the idea that all other tokens trend towards zero in BTC terms.”

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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:

Fascinating to see that since inception ETH has outperformed BTC by 250%. It only fell below its initial price in BTC for the first 5 months of its existence in 2015.

Let that put rest to the idea that all other tokens trend towards zero in BTC terms. pic.twitter.com/ulCpsjG8up

— Raoul Pal (@RaoulGMI) April 7, 2021

#Bitcoin  is now ~3x the peak of the 2017 bull market. The price went up ~6x after this point in 2017.

If repeated that would mean #BTC  going up to $360k this year. 🚀🚀🚀

— Bitcoin Archive 🗄🚀🌔 (@BTC_Archive) April 10, 2021

Billionaire Mark Cuban Believes Bitcoin Will Replace Gold on Massive Scale

https://cryptopotato.com/bitcoin-price-to-90000-ethereum-to-15000-if-history-repeats-kraken-report/

https://cointelegraph.com/news/bitcoin-suddenly-hits-60k-as-a-new-resistance-battle-liquidates-850m