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Tim Draper Says His 0K Bitcoin Price Prediction Is Not Based on Halving | K BTC In Early 2020

By admin — 3 years ago

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Legendary venture capitalist Tim Draper is still confident that the Bitcoin price is going to reach $250,000 in 2022.

In his recent interview, he explained that his uber-bullish Bitcoin price prediction is not based on the halvening.

Back in September 2014, Draper predicted that Bitcoin (BTC) would be able to hit $10,000 in only three years.

That prediction turned out to be conservative – the BTC price skyrocketed to $20,000 in December 2017.

Now, Draper claims that he’s more confident about his $250,000 prediction than his previous one.

I am more confident of $250,000 by 2022 or the first quarter of 2023 than I am of the prediction of $8,500 on December 31.

My prediction was really based on creating enough of an infrastructure for Bitcoin to get a 5% market share around the world, as a currency.

The currency business today is $86 trln. If you add crypto in 10 years from now, I think it’s going to be $120 trillion. That’s a huge, huge market…

In other Cryptocurrency news today,

Bitcoin will top $13,000 in early 2020 according to Crypto analyst, Philip Swift, predicts that the upcoming halving next year will catalyse a change in market sentiment and propel the Bitcoin price back to five figures.

Combining all that with Golden Ratio Multiplier to look forward, likely we will have a big move up in Jan/Feb taking price up to the region of the 350 x 1.6 (green line), which will be approx $12-13k by then.

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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:

Getting some questions about why in previous halvings (November 2012 and July 2016) it took well over a year for the market to start surging..

Well, it didn’t .. look for yourself: in the chart the halving is when blue turns to red: the market immediately rises after a halving🚀 pic.twitter.com/geL71dJOV7

— PlanB (@100trillionUSD) December 3, 2019

THREAD: $BTC: On-chain and market cycle update

TL:DR – Bull market is close!

— Philip Swift (@PositiveCrypto) December 5, 2019

Bitcoin Price Will Top $13,000 in Early 2020, Analyst Confirms

https://u.today/tim-draper-says-his-250000-bitcoin-price-prediction-is-not-based-on-halvening

As Bitcoin Roars Into 2020 The Winklevoss Twins Make Wall Street Warning | BTC Halving Not Priced In

By admin — 3 years ago

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Bitcoin (BTC) has had the best start to a new year since 2012, rising some 20% since January 1st, while other major and minor Cryptocurrencies have performed still better.

The Bitcoin price, which has been on a steep downward trend since the middle of last year, last night climbed to almost $9,000 per BTC on the Luxembourg-based Bitstamp exchange.

Elsewhere, Bitcoin offshoots Bitcoin SV and Bitcoin Cash have soared, though some are worried their gains won’t hold.

Now, with the Bitcoin and Cryptocurrency market eyeing the looming BTC halving event, Crypto investors Cameron and Tyler Winklevoss, of Facebook founding fame, have warned the traditional financial industry it needs to start “building up bitcoin reserves.”

“If you have gold, start building up Bitcoin reserves,” Tyler Winklevoss, who cofounded Bitcoin and Crypto exchange Gemini with his brother in 2014, told attendees at the Crypto Finance Conference today in Switzerland. “We think Bitcoin will disrupt gold.”

“Once the likes of Tesla’s Elon Musk or Amazon’s Jeff Bezos start mining gold on asteroids, which will happen within 25 years, gold’s value will change,” Tyler said, to laughter from the audience, adding that gold investors need to “buy Bitcoin.”

The Winklevoss twins also indicated they remain bullish on the Bitcoin (BTC) price despite its recent rally, pointing to the upcoming bitcoin halving event that will see the number of new bitcoin rewarded to miners cut by half.

“The halvening in May will be big for Bitcoin,” Cameron Winklevoss said.

“It’s rarely priced in,” referencing the Bitcoin price eventually rallying in the aftermath of the two previous halvings. Meanwhile, the Winklevoss twins warned the U.S. is at risk of falling behind China when its comes to Bitcoin and Cryptocurrency development.

“The U.S. has been slow,” Tyler Winklevoss said. “China will likely issue a stablecoin first.

This could be the first in modern times that the U.S. hasn’t been first on something like this,” adding that regulation is “fit for purpose” in certain areas but not in others, “hurting innovation.”

In other Crypto news today:

Fundstrat’s Tom Lee sees a bright future for Crypto in 2020.

The Cryptocurrency market will rise on new healthy dynamics in 2020, commented Thomas Lee, The January price rally shows a return to more active trading with new possibilities for digital assets.

Lee believes Bitcoin may be in for a bigger rally, as the halving of the block reward is not yet priced in. This new narrative goes counter to the idea that 2019 trading already discounted the halving news.

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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 Just Plunged 3% In Minutes: Does This Mean Rally is Done?

Fundstrat’s Tom Lee Sees Bright Future for Crypto in 2020

https://cointelegraph.com/news/no-it-wasnt-craig-wright-bitfinex-moves-1b-in-bitcoin-for-48-cents

https://www.forbes.com/sites/billybambrough/2020/01/15/as-bitcoin-roars-into-2020-the-winklevoss-twins-make-wall-street-warning/#3fe86d6f7373

REPLAY: TEEKA TIWARI – ‘The Final 5 Coins’ To Million | Bitcoin Price Pumps 20%, Bull Trap?

By admin — 3 years ago

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BITCOIN PRICE PUMPS 20%, ARE BULLS RUNNING INTO A TRAP?

With the BTC price registering gains of over 20% in the last 24 hours, many holders are getting excited.

But, it seems that the jury is still out on just how positive this latest pump is.

Could the bulls be running into a trap?

Bitcoin analysts can’t agree on whether this latest pump will keep seeing BTC price soar.

Some seasoned traders are celebrating Bitcoin’s decoupling from the stock market while others are calling for caution.

Indeed, throughout its 11-year trajectory, bitcoin price has widely been regarded as uncorrelated with the stock market.

We’re all well-versed in the safe haven narrative and comparing bitcoin to gold.

As stock markets plunge, Bitcoin has often held its own or even swung to the upside.

However, just days ago, that narrative appeared to have been called sharply into check.

The cryptocurrency market experienced a major sell-off alongside the S&P 500.

While there is a generally positive vibe in the air (at last), some traders are calling for caution.

After all, we’ve been burned before. This could be another liquidity grab before the next major downswing.

That said, many seem to be in agreement that the key support level bitcoin price needed to flip was $6400.

Both Josh Rager and CryptoBirb cited the $6,400 level as crucial.

CryptoBirb even went as far as to predict that bitcoin price could bounce all the way back to $7,600 as there is “little resistance between 6.4k and 7.6k.”

Rager also points out though, that even breaking $6.4k, stocks selling off is not bullish for BTC. Coinbase also warns that if the S&P 500 correlation sustains again in the future, “Bitcoin will enter uncharted territory.”

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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 can not express how bullish I am on bitcoin. We are at risk of losing the entire system right now. I know they will find a way to save it but all trust is lost.

Gold guys/girls – you’ll be fine too. It’s just that $BTC has bigger upside, by far but is riskier than gold

— Raoul Pal (@RaoulGMI) March 19, 2020

$btc tapping ex-range lows flipped to resistance. Positive for bulls is that there is little resistance between 6.4k and 7.6k
Intraday consolidation breakout retest towards 5.4-5.6k would be the most healthy to confirm price action is slowly recovering after Friday 13th PTSD lol pic.twitter.com/6u1fUZjpU6

— Crypto₿irb (@crypto_birb) March 20, 2020

$BTC rejected off the point of control (highest traded volume price) – a level that we saw act as support twice before the breakdownFor me to start to feel bullish, price needs to flip at least $6400 on high time frames

Even then, stocks selling off is not bullish for BTC pic.twitter.com/CjrlzqZtRe

— Josh Rager 📈 (@Josh_Rager) March 20, 2020

Bitcoin Price Pumps 20%, Are Bulls Running Into a Trap?

https://cointelegraph.com/news/raoul-pal-super-bullish-on-bitcoin-price-after-miraculous-80-rebound

Bitcoin (BTC) Will Hit 0,000 by End of December 2021 Predicts Anthony Pompliano | 1,288% Bull Run

By admin — 3 years ago

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“So end of 2021, I think Bitcoin (BTC) will hit $100,000 in US dollar value.” – Anthony Pompliano

Despite the gloomy economy, Morgan Creek Digital co-founder Anthony Pompliano says he’s not backing down from his bullish outlook on the BTC price.

In a new interview on Tech with Catalina, the crypto investment firm executive says he predicts the Bitcoin price is on the verge of a new long-term 1,288% bull run that will bring BTC from its current price of about $7,200 to $100,000.

Pompliano says the macro-economic backdrop along with the much-anticipated halving event in May, which will reduce Bitcoin’s new supply by half, will likely fuel a major rally.

He believes that massive money printing by central banks around the world will drive people to invest in assets that remain scarce and offer inherent anti-inflationary properties.

“So end of 2021, I think Bitcoin will hit $100,000 in US dollar value. And really, the reason for that is a combination of the macro-environment with the halving structure…

You then have massive quantitative easing. [In] the United States, we’ve announced two trillion dollars in stimulus. Japan just approved an almost one trillion dollar stimulus plan.

They’re devaluing their currencies and when that occurs, people are going to seek out inflation hedge assets like gold, Bitcoin, real estate, et cetera. And so, right when everyone is running to gold, Bitcoin, real estate and others, Bitcoin’s going to have this supply shock. Fifty percent of the incoming daily supply will disappear…

I think you’ll continue to see kind of the same level of demand, or more likely you’re going to see an increase in demand over time. If you get that increase in demand but you get a decrease in incoming supply, supply-demand economics take over and you get an increase in price.”

Pompliano says he expects Bitcoin’s rise to begin slowly, with BTC taking more than a year to register a new all-time high.

“Within the first 18 months of the halving, give or take, we will see a very material increase in price. My guess is that we’ll see $100,000 by the end of December 2021 at a minimum.”

In other breaking Bitcoin News today…

This Technical Sign Sent Bitcoin 250% Higher In 2019.

It’s About to Appear Again On April 19th, Josh Olszewicz shared a chart, indicating that Bitcoin is about to cross above the Ichimoku Cloud for the first time in five weeks.

This, he claimed, is a “once-a-quarter” buying signal, which is likely to see BTC rally even higher towards $8,000, $9,000, and beyond.

The importance of the Cloud should not go understated.

Previous moves on the daily above red Clouds also led to staggering bullish follow-throughs.

In 2019, the move above the Cloud marked the start of a 250% rally from $4,000 to $14,000, and just this year, the move above the Cloud was followed by a 20% rally higher.

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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 DOMINANCE DROPS TO 3 YEAR LOW!! GUGGENHEIM $400K LONG TERM PREDICTION STILL STANDS!!

By admin — 3 years ago

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The chief investment officer of investment giant Guggenheim has repeated his warning that Bitcoin (BTC) will crash to $20,000.

In an interview with CNBC on April 20, Scott Minerd warned again that Bitcoin could lose half of its value in a pullback, however, his longer-term forecast of $400,000 per Bitcoin still stands.

In other trending Bitcoin News today:

Bitcoin Dominance Drops Below 50% For The First Time In 3 Years

The move came as Bitcoin was about to lose its market cap dominance supremacy to altcoins in what traditionally marks the “real” start of the “alt season.”

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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/guggenheim-cio-repeats-20k-bitcoin-price-forecast-as-btc-doubles-since-last-warning

https://cointelegraph.com/news/bitcoin-dominance-is-about-to-drop-below-50-for-the-first-time-in-3-years

BITCOIN COULD SOON SEE 20% SURGE TO ,700 | BTC Pullback Accelerates, Crypto Bull Run Over?

By admin — 3 years ago

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BITCOIN PRICE HOLDING THIS ESSENTIAL LEVEL WILL LEAD TO 20% RALLY

Bitcoin has seen quite the turn of events over the weekend; the BTC price of the leading cryptocurrency has whipsawed between $9,700 and $10,500, failing to establish a short-term trend due to an endless tug of war between buyers and sellers.

While many analysts and investors have attributed this indecisive price action to a potential topping in the Bitcoin (BTC) market, some are sure the asset is poised to continue even higher in the coming weeks, citing the fact the cryptocurrency maintained the $9,500 price point – a level that has been critical for BTC to hold over the past few months.

Prominent cryptocurrency investor George recently remarked the Bitcoin price is still on track to rally towards the $11,700 price point – around 17% higher than the current price – in the coming weeks.

He backed this forecast by posting a chart, seemingly suggesting the cryptocurrency, despite rejecting the 0.25 level of a weekly range formed in 2019, has held the $9,700 swing low and the $9,500 inflection point.

George further explained “Keep it simple, $11,700 is next. Invalidation [if there is a] clean break below $9,500.”

BITCOIN PULLBACK ACCELERATES, IS THE CRYPTO BULL RUN OVER?

The crypto correction that began over the weekend has accelerated into Monday morning as bitcoin slides back towards support.

Altcoins, which have rallied hard recently, are in deeper pain with several dumping double digits today.

Total crypto market capitalization has dumped a further $15 billion over the past 24 hours or so.

The slide has taken total cap back to $280 billion, which is still 47% higher than it was at the beginning of the year.

Bitcoin has failed to break $10k again and further losses are expected but how low will it fall this time?

Lower highs are being made on the bitcoin chart which means that the short term downtrend is accelerating.

It failed to break resistance at $10k a few hours ago and has since slumped back towards $9,700 where there is support.

If this level does not hold BTC is expected to fall back to the $9,350 region where there is further support.

If this crucial zone is broken then things could get ugly fast with a potential dump back into the low $8k region.

Analysts and traders remain optimistic however with some pointing out that the correction is not even 10% yet from a climb of 46% so far this year.

“$BTC has risen 60+% since the first of the year and everybody is now scared of a 10% drop? Really?” – CryptoFibonacci

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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:

$BTCBullish – nice 4 hr & daily close to end Sunday, bounced at key area of $9800 (HVN)Bearish – still forming lower highs/lower lows on intraday charts, CME price pullback from $10,075. less premium

Still needs to hold $9800+ on HTF or we’ll still visit $9,300 to $9,550 pic.twitter.com/G1LCcGqjF2

— Josh Rager 📈 (@Josh_Rager) February 17, 2020

I wouldn’t mind a 10-20% dip here if it means alts crash by 70%+. The malinvestments from the last bubble don’t feel finished 2+ years later.

— Jimmy Song (송재준) (@jimmysong) February 17, 2020

Bitcoin Pullback Accelerates, Is The Crypto Bull Run Over?

Bitcoin Holding This Essential Level Will Lead to 20% Rally

BITCOIN SELLING FOR ,000 IN IRAN! | Why The BTC Price Could Hit K In 2020

By admin — 3 years ago

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Will the Bitcoin price ‘Moon’ if there is a war with Iran?

Iran-based sellers on peer-to-peer trading platform LocalBitcoins are currently asking for around 1 billion Iranian rials or over $24,000 per Bitcoin (BTC), based on the official exchange rate from the country’s central bank.

Founder of crypto analytics outlet Messari, Ryan Selkis wrote:

“Bitcoin is trading at nearly $24,000 in the USD equivalent of Iranian Rials on LocalBitcoins today. It’s unlikely those purchases are paying for the Iranian military’s response. Instead, it might be innocent (and desperate) Iranians looking for a way out of the coming chaos.”

While the BTC price was on the decline for the second half of 2019, the reality is the crypto asset still roughly doubled in value over the course of the entire year.

In fact, there were only two major cryptocurrencies that outperformed Bitcoin in 2019. On Friday morning, Nexo co-founder Antoni Trenchev told Bloomberg’s Matt Miller why he thinks the Bitcoin price could continue to rise to the $50,000 mark in 2020.

“I think that, very easily, we could see Bitcoin going up to $50,000 by the end of this year,” said Trenchev.

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

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

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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.forbes.com/sites/ktorpey/2020/01/03/why-the-bitcoin-price-could-hit-50000-in-2020/#658439eb2f37

https://www.forbes.com/sites/investor/2020/01/03/bitcoin-war-iran/#5c6cb96f343b

https://cointelegraph.com/news/bitcoin-selling-for-24-000-per-btc-in-iran-as-us-tensions-escalate

BITCOIN PRICE WILL RISE ABOVE 0,000 SAYS ANTHONY POMPLIANO!! BTC DEMAND IS SKYROCKETING!!

By admin — 3 years ago

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Morgan Creek Digital co-founder and prominent Bitcoin advocate Anthony Pompliano says the BTC price will soar above $400,000 en route to an $8 trillion dollar market cap.

In a new interview with Peter McCormack, the host of the What Bitcoin Did podcast, Pompliano explains why he expects the king crypto will eclipse the market capitalization of gold.

“Here’s what I continue to tell people, name to me a business that was analog and got digitized and the digital version is smaller than the analog version. It doesn’t happen. It’s because digitization brings all kinds of advantages. It’s a market-expanding technology.

There are people [who] would debate what the size of the gold market is but let’s just use easy numbers. Let’s say that it’s $8 trillion. That puts Bitcoin at, depending on how many are lost or stolen, $400,000 [to] $450,000 today. Do you think that Bitcoin is going to be the equivalent of the gold market? I don’t. It’s better. It’s going to capture more market.”

To support his argument, Pompliano says Bitcoin is a story of technological evolution akin to internet-powered giants like Airbnb and Uber.

“One day, I believe we will say ‘Bitcoin is the largest currency in the world in terms of market cap and it will have no one controlling it.’”

As for the next two years or so, the Morgan Creek Digital executive is sticking to his prediction that BTC will skyrocket to $100,000 by the end of 2021.

Pompliano says the US government’s monetary policy of printing trillions of dollars in stimulus will be one of the main catalysts that will drive the value of the king coin.

“Now what we see is a world where gold, Bitcoin, real estate are all going to do really well. Because you simply can’t print trillion of dollars of a currency and have no impact on that currency.

We’re literally seeing the exact theoretical impact of quantitative easing become reality. They printed trillions. The dollar got weakened. When the dollar weakens, asset prices all explode.”

In other trending Bitcoin News today:

ANALYST: BITCOIN’S RECENT SURGE LOOKS LIKE THE START OF 2019’S 250% RALLY

According to the trader that predicted Bitcoin’s breakout at the start of 2019, BTC looks structurally similar to the 2018-2019 bear market bottom:

“Can’t believe I didn’t see it before. On the Weekly, classic pattern I call the “Smooth Transfer of Power” A. Bears get weaker as price descends B. Bulls silently buying all along take control C. Re-test of power D. Lift off Compare to the Monthly one, Crypto Winter ’18-’19.”

The trader is saying that should history rhyme, BTC is on the verge of an extended bull run.

The formation of Bitcoin’s candles isn’t the only trend that analysts see as a signal of an impending long-term bull run.

Bitcoin’s “Super Trend” on the weekly chart just printed a bullish candle for the first time since the start of 2019’s rally.

The trader who made this observation first wrote in regards to the chart below:

“The supertrend went green on the weekly. Probably no big deal. It’s not like this indicator has marked major macro bull & bear cycles in the past.”

🔥 [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:

Analyst: Bitcoin’s Recent Surge Looks Like the Start of 2019’s 250% Rally

https://cointelegraph.com/news/3-bullish-signs-that-overall-demand-for-bitcoin-is-skyrocketing

Bitcoin Price To Rise Above ,000 in 2020, Says Bitpay’s Singh | Elon Musk Drops BTC Bomb

By admin — 3 years ago

➡️ OPM Wealth: http://opm.cryptonewsalerts.net

‘Tis the season of Bitcoin price predictions.

Only days after Nexo co-founder Antoni Trenchev made the case for a $50,000 BTC price in 2020, Bitpay Chief Commercial Officer Sonny Singh has also shared his belief that Bitcoin (BTC) will hit a new all-time highs this year.

Notably, Singh shared what turned out to be a correct prediction that Bitcoin would get close to $15,000 in 2019 with Bloomberg a little more than a year ago.

“This year, I’m going to make a prediction,” Singh told Bloomberg’s Taylor Riggs on Wednesday.

“I think Bitcoin passes the all-time high and goes passed $20,000 this year.”

In other Crypto news today, Elon Musk dropped a Bitcoin Bomb on Crypto Twitter… again.

In an innuendo-filled tweet, the chief executive of both SpaceX and Tesla joked that Bitcoin is “*not* my safe word.” (If you don’t know what “safe word” means, please search it up.)

🔥 [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:

Bitcoin is *not* my safe word

— Buff Mage (@elonmusk) January 10, 2020

Elon Musk Just Dropped the Bitcoin Bomb On Twitter, Again

https://www.forbes.com/sites/ktorpey/2020/01/03/why-the-bitcoin-price-could-hit-50000-in-2020/#354d1ea42f37

https://www.forbes.com/sites/ktorpey/2020/01/09/bitcoin-price-to-rise-above-20000-in-2020-says-bitpays-singh/#dab65c96e9ec

BITCOIN PRICE TO PLUNGE TO ,400?! | Bearish BTC Halving in 2020?!

By admin — 3 years ago

➡️ TEEKA TIWARI: 12 SECONDS TO $12,000 REPLAY: http://12seconds.cryptonewsalerts.net

Here’s why the Bitcoin price may be about to return to $6,000, maybe lower. It seems that the “Crypto Winter” of 2018 has come back to haunt Bitcoin bulls in 2019.

Cole Garner, a popular cryptocurrency analyst, recently noted that miners are on the verge of capitulating, which is what happened in mid-November, just before the BTC price began to tumble from $6,000 to $3,000. Miner capitulating, for those unaware, is when “small miners get backed into a corner when BTC price is low & the generation of mining hardware they use becomes obsolete.”

The important part of this is that the capitulation of miners induces the sale of mined Bitcoin en-masse, pushing prices lower in a vicious cycle: “Undercapitalized miners panic sell, price dumps, longs get squeezed, stop losses cascade.”

A Bearish Bitcoin Halving?

There are still six months to go before the Bitcoin halving but this could be the first one that has a bearish run up. Industry analyst Willy Woo has looked at the longer time frame charts and noticed that historical BTC halvings have always been bullish leading up to the event.

“NEVER gone into a halvening in BEARISH price action, miners already capitulating adding sell volume. Historically we front run with a BULLISH setup, miner capitulating only after halvening when revenues are slashed. This is a unique setup. Quite bearish leading up to the event.”

Willy Woo added…

“I expect way more volatility. Short term bearish is all I’m saying. And don’t expect price will repeat past halvenings.”

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“The trading system so accurate, I took money out of Crypto to commit to this instead.” – Teeka Tiwari

➡️ WATCH REPLAY: http://12seconds.cryptonewsalerts.net

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

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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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NEVER gone into a halvening in BEARISH price action, miners already capitulating adding sell volume. Historically we front run with a BULLISH setup, miner capitulating only after halvening when revenues are slashed. This is a unique setup. Quite bearish leading up to the event. pic.twitter.com/20748Zv8aQ

— Willy Woo (@woonomic) November 18, 2019

Bitcoin Capitulation Near, Price to Plunge to $6,400 if History Rhymes

For First Time Ever, Bitcoin Set to go Into 2020 Halving in Bearish Action

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BITCOIN PRICE PUMPS 20%, ARE BULLS RUNNING INTO A TRAP?

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Bitcoin Dominance Drops Below 50% For The First Time In 3 Years

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BITCOIN PRICE HOLDING THIS ESSENTIAL LEVEL WILL LEAD TO 20% RALLY

BITCOIN PULLBACK ACCELERATES, IS THE CRYPTO BULL RUN OVER?

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ANALYST: BITCOIN’S RECENT SURGE LOOKS LIKE THE START OF 2019’S 250% RALLY

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A Bearish Bitcoin Halving?

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