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Bitcoin Price Eyeing K After Fed Says it Has ‘Infinite Cash’ | Democrats Propose ‘Digital Dollar’

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The Bitcoin price has a maximum 15% chance of falling below $3,800 if current BTC price levels continue, says popular Crypto trader Tone Vays as BTC nears $7,000.

In a YouTube update on March 24, an increasingly bullish Vays updated his outlook for BTC/USD.

He argued that at around $6,750, the pair was sitting at resistance. Break above $6,800 and Bitcoin (BTC) would all but eliminate the likelihood of dipping to new lows under $3,800 — only a 15% chance would remain.

“Going above $6,800 would maybe give me 85% confidence we’re not going to go below this — and we’re almost there, we’ve almost broken it; we’re sitting at resistance,” he said.

“Right now, I believe there’s a 20-25% chance we’re going to go below $3,800.”

Vays had previously sounded the alarm about a potential Bitcoin collapse to as low as $2,000 before May’s block reward halving.

Now, however, he told traders that it was foolish to avoid entering the market in the hope of catching the next dip.

He continued: “That still means that you can’t wait; you can’t wait for another pullback to $3,500 — you should be in Bitcoin by now.”

As Trump Talks Trillions, Binance CEO Predicts $2T Bitcoin Market Cap After United States President Donald Trump first mooted a $1 trillion stimulus package for the U.S. economy in the wake of the coronavirus outbreak, people were shocked at what seemed like a gargantuan amount.

As Cointelegraph reported a few days later on March 25, a bipartisan deal has been agreed for twice that figure and it suddenly seems far more tangible.

Binance CEO Changpeng Zhao even tweeted that the new financial dialogue meant a $2 trillion market cap for Bitcoin could be considered “modest”.

“As we get used to talk about Trillions, a modest $2 trillion market cap of bitcoin will put 1 BTC at $100,000. Not such a hard to imagine number now, right? As most BTC are not for sell (HODLers), we only need a small portion of that $2t to buy to reach it.”

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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:

Here’s some perspective on the astronomical number that is $6 trillion. $6 trillion is the same as – 1/3 of America’s GDP– 130% of the Federal Reserve’s balance sheet– Enough money for $850 for each human being on Earth– or 900 million Bitcoin

Crazy.

— Nick Chong (@_Nick_Chong) March 24, 2020

As we get used to talk about Trillions, a modest $2 trillion market cap of #bitcoin will put 1 BTC at $100,000. Not such a hard to imagine number now, right?

As most BTC are not for sell (HODLers), we only need a small portion of that $2t to buy to reach it.

— CZ Binance 🔶🔶🔶 (@cz_binance) March 25, 2020

https://cointelegraph.com/news/as-trump-talks-trillions-binance-ceo-predicts-2t-bitcoin-market-cap

https://cointelegraph.com/news/bitcoin-price-rejects-7k-but-tone-vays-says-75-chance-btc-bottomed

BITCOIN WILL AT LEAST 45X FROM HERE SKYROCKETING TO 5K SAYS BTC BILLIONAIRE TYLER WINKLEVOSS!!

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Bitcoin billionaire Tyler Winklevoss says the Bitcoin price will ‘at least’ 45x from here surging to $585,000 per BTC in his recent tweet on Crypto Twitter:

“JP Morgan analysts think Bitcoin could triple in value and challenge gold. While I think its at least like a 45x from here, not a 3x, at least we can agree that bitcoin is going up. It’s hard to understand why anyone wouldn’t own BTC by now.”

The Bitcoin bull was referencing the following Fortune article entitled:

“For years J.P. Morgan was skeptical of Bitcoin. Now the bank’s analysts say its value could triple, challenging gold”

A team of analysts at J.P. Morgan’s Global Markets Strategy group are touting Bitcoin’s emergence as an alternative to gold among millennials, suggesting a “doubling or tripling” in the price of the cryptocurrency if current trends continue.

The prediction, which came in a research note published on Friday, is remarkable given the bank’s onetime skepticism toward Bitcoin, which included CEO Jamie Dimon calling it a “fraud” in 2017 and saying he would fire anyone trading it for being “stupid.”

J.P. Morgan’s bullish stance is driven in part by PayPal’s recent decision to offer Bitcoin to its customers and Square’s recent move to add $50 million of the cryptocurrency to its balance sheet.

Another major factor for its position, though, is the demographic trend in which younger generations are choosing Bitcoin over gold.

“The older cohorts prefer gold, while the younger cohorts prefer Bitcoin as an ‘alternative’ currency,” says the research note.

The analysts go on to observe that, if this trend continues, there could be a challenge to gold in the long term—with important price implications for Bitcoin.

“Even a modest crowding out of gold as an ‘alternative’ currency over the longer term would imply doubling or tripling of the Bitcoin price from here,” the note states.

Bitcoin is currently trading at around $13,000.

That falls well short of its all-time high of nearly $20,000, which occurred during the crypto bubble of late 2017, after which Bitcoin fell to around $3,400 the following year.

The current price run-up has been more stable, however, with Bitcoin staying above the $10,000 mark for an unprecedented three-month stretch. Millennials’ embrace of Bitcoin has been underway for a while.

Late last year, a Charles Schwab survey found that shares of GBTC, from Grayscale—a company that holds Bitcoin in trust—were more popular among the cohort than famous names like Netflix and Disney.

Meanwhile, Grayscale has been fanning the trend with a national TV campaign called “Drop Gold.”

In other trending Bitcoin News today:

Bitcoin Just Posted Biggest Buy Signal in More Than Two Years, Says Top Crypto Analyst Nicholas Merten – Here’s What’s Next

DataDash founder and crypto analyst Nicholas Merten says Bitcoin just flashed its biggest buy signal in over 24 months.

“What we need to do is set a close, and I would like to see a substantial close above the yearly high close here which is $13,880. If we can get $14,000, $15,000 for Bitcoin just by the end of the year, going through October, November, up until December…

That’s all we need to see folks. It is a clear telltale sign in price in the simplest form of analysis. Again, simplicity wins out. It is the simplest key sign here that we’re setting up for a substantial move in the market.”

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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:

JP Morgan analysts think #Bitcoin could triple in value and challenge gold. While I think its at least like a 45x from here, not a 3x, at least we can agree that bitcoin is going up 🚀. It’s hard to understand why anyone wouldn’t own BTC by now. https://t.co/FurucyrVMV

— Tyler Winklevoss (@tyler) October 26, 2020

https://fortune.com/2020/10/26/jp-morgan-chase-bitcoin-predictions-analyst-jpm-cryptocurrency/

https://dailyhodl.com/2020/10/27/bitcoin-just-posted-biggest-buy-signal-in-more-than-two-years-says-top-crypto-analyst-nicholas-merten/

https://www.btctimes.com/news/can-october-record-bitcoins-highest-monthly-close

BITCOIN PRICE ON VERGE OF 1000% RALLY | BTC Prediction Model Tidal Wave to 0K Increasingly Likely

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Bitcoin Price on Verge of 1,000% Rally: Crazy Accurate Analyst Who Predicted BTC $6,400 Bottom

There are few Bitcoin traders that have been as accurate as Dave the Wave over the past year.

The pseudonymous cryptocurrency trader predicted in the middle of 2019 that the BTC price of the asset would retrace to the mid-$6,000s to enter a “long-term buying zone” after the over-300% rally that brought BTC from $3,150 to $14,000 in a few months’ time.

Bitcoin did just that, bottoming at $6,400 on December 18th, briefly entering the buy zone Dave the Wave laid out, offering investors with a rare opportunity to purchase the cryptocurrency at the peak of the feasible risk-return curve.

For the longest time, investors have been waiting for Bitcoin (BTC) to hit $100,000 – many think this is a price that will make the world, from Wall Street to Main Street, have true belief in BTC.

Right now, however, it seems entirely unfeasible for Bitcoin to hit $100,000 in the medium-term, for this price point lies around 1,000% higher than the current market price of $10,000 flat.

But, according to Dave the Wave, the cryptocurrency is still on a clear trajectory to enter a six-digit price point in the coming two to three years.

Dave backed this prediction by pointing out the cryptocurrency is on the verge of finishing a fractal correction and is about to break past of a long-term descending trendline, which marked the two swing tops over the past two years.

A move past the trendline, which will soon line up with the long-term buying zone for Bitcoin, is likely to kick off a rally to $100,000, Dave suggested.

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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:

Stay encouraged with any pullbacksAfter multiple weeks of green, a couple weeks of downward price action would be fine

Many were looking for the opportunity to buy and this could present ample opportunities

— Josh Rager 📈 (@Josh_Rager) February 15, 2020

ALTS barely flinched during the $BTC dump. In fact, it was barely a dump and there was barely a dip to buy.

All signs of how strong this market is and how strong $BTC & ALTS are.

Anyone who says they see weakness is just seeing a mirage in their head.

— Satoshi Flipper (@SatoshiFlipper) February 15, 2020

Price movements under $20,000 have only been a distraction to shake you out before $100,000 #Bitcoin

— Crypto Rand (@crypto_rand) February 14, 2020

For those getting stuck or confused on the shorter term call, here’s my view going forward. If you’re a holder/ investor, ignore the short term calls and focus on the medium/ long term.

Main point being, a consolidation to the buy zone would set BTC up nicely for its run. pic.twitter.com/AC2gv5VrGI

— dave the wave (@davthewave) February 16, 2020

Crypto Markets See Red as Bitcoin Begins Correction, How Low Will BTC Drop?

BITCOIN PRICE PREDICTION: 0K By 2021 Before Soaring Even Higher | Peter Schiff Calls BTC A Ponzi

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$100,000 Bitcoin price prediction by Mark Yusko, chief executive and chief investment officer at Morgan Creek Capital Management.

“Between now and 2021, we’re likely to see $100,000 bitcoin,” Mark Yusko told business news outlet Business Insider.

“By 2025, we’re likely to see $250,000 Bitcoin, and then some time out, 2030, we could see $400,000 or $500,000 Bitcoin as it reaches gold equivalence.”

Yusko, who admitted he was previously skeptical of Bitcoin (BTC) and the underlying blockchain technology that it’s built on, pointed to the infancy of the technology as the reason behind his “hyperbullish” Bitcoin prediction.

“It really is about the growth mindset and focusing on the venture capital upside or the asymmetric upside of the asset at this point.”

The growth of the bitcoin network, which has expanded rapidly since bitcoin was created a little over 10 years ago, will help combat wealth inequality, according to Yusko, who oversees some $1.5 billion worth of assets at his U.S.-based hedge fund.

“The government and the elites want to have all the wealth, so they manufacture inflation and the wealth flows to top.

And that’s why we have the greatest wealth inequality in the history of mankind. Bitcoin helps solve that because now we can opt-out as an owner of assets from that fiat system.”

In other Crypto news today:

Peter Schiff thinks Bitcoin is a Ponzi scheme that struggles to find new buyers to inject fresh money into it. He replied to Anthony Pompliano’s tweet saying,

“It’s popular as a speculative asset, not as a currency. And its popularity there is no longer growing. Look at google trends. Running out of new buyers to keep the Ponzi going.”

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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:

It’s popular as a speculative asset, not as a currency. And its popularity there is no longer growing. Look at google trends. Running out of new buyers to keep the Ponzi going.

— Peter Schiff (@PeterSchiff) December 12, 2019

https://u.today/peter-schiff-says-bitcoin-is-running-out-of-buyers-to-keep-ponzi-going

Bitcoin Halvings Kick BTC Price Up, History Says, 0K May Be Expected This Time

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Historical data shows that after each Bitcoin halving the BTC price went up substantially, and this time it may be expected to hit $100,000.

In May next year, the third BTC halvening is to take place with miners’ rewards for each new block to be reduced in half.

This means that twice as fewer Bitcoins will be issued, making Bitcoin (BTC) a more scarce digital asset than previously.

All eyes on 2020 – $100,000 after the halving?

A crypto enthusiast ‘Crypto Einstein’ (@BitcoinEinstein) with nearly 40,000 followers on Twitter has posted a chart, showing the rise of the Bitcoin price after each halving (happening every four years).

After the upcoming halving, some believe that the Bitcoin price of father crypto may fall since a lot of miners may give up their business and quit.

However, there are many who are positive that the BTC price will surge due to the halvening, the growth of the US debt and more QE programs to come in the future.

As per the chart shared, this time, the Bitcoin price may be expected to hit an all-time high of $100,000. 

The chart states that the fourth and the last halving will take Bitcoin as high as $300,000.

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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:

#BTC COULD MAKE A UPWARD MOVE ABOVE 9800 & 10K, BEFORE HALVING. NOV-DEC ARE IMPORTANT MONTHS, DON’T MISS ANY DIP THIS MONTH. 13-14K ON CARDS BEFORE HALVING. pic.twitter.com/ofe8hTkX4l

— 💎Zια υʅ Hαϙυҽ ╚»Cɾყρƚσ Aɳαʅყʂƚ & Tɾαԃҽɾ🎯«╝ (@open4profit) November 11, 2019

#BitcoinWeekly looks bearishLogically one more slight lower low is psychological pain to a lot of people. Plenty of “break even” and “just below last wick” stop losses to hit

I expect slow bleed. Lots of dip buying and being stopped out. Then a fast dip with rapid absorption pic.twitter.com/2IyJmwMj0T

— NebraskanGooner📈 (@nebraskangooner) November 30, 2019

#bitcoinThe all knowing fractal says the top is likely in for now.Trend line breakdown retest looks completed.$6,300 incoming?

Will be interesting to see if this continues to play out. pic.twitter.com/Bs1xQHZdoV

— NebraskanGooner📈 (@nebraskangooner) November 29, 2019

Despite 15% Bounce, Bitcoin Price Still Bearish on Weekly: Analyst

https://u.today/bitcoin-halvings-kick-btc-price-up-history-says-100000-may-be-expected-this-time

BITCOIN CAN GO STRAIGHT TO $1 MILLION THIS BULL CYCLE!! ETHEREUM CO-FOUNDER BECOMES BILLIONAIRE!!

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Dan Held, head of growth at Crypto exchange Kraken in a new interview asserts that if Bitcoin can break $300,000, the bullish narrative surrounding the BTC may be so overpowering that there won’t be enough sellers to drive down the price.

“What happens when ownership of Bitcoin moves from 0.01% of the world to 1%? What happens when part of the $100 trillion managed by institutions flows into Bitcoin to preserve wealth? 

It certainly won’t be going from $20,000 to $100,000. It could move from $20,000 to $1 million and then only have smaller cycles after. This may be one of the final big cycles.”

In other trending Bitcoin News today: Ethereum Co-Founder Vitalik Buterin Becomes Billionaire As Ether Hits $3K!

Vitalik Buterin, a co-founder of the world’s most popular smart contract platform, the Ethereum blockchain, has officially become a crypto billionaire.

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DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky, especially when trading with leverage. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.

Show Notes / Resources:

https://cointelegraph.com/news/btc-price-nears-60k-showdown-5-things-to-watch-in-bitcoin-this-week

https://cointelegraph.com/news/ethereum-co-founder-vitalik-buterin-becomes-billionaire-as-ether-hits-3k

Analyst Predicts Next Bitcoin Bull Run Will Send BTC to 0,000 and Ethereum (ETH) to K

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

Blockfyre’s co-founder believes a bull market will return, seeing Bitcoin (BTC) price rise 1,400% to hit $150,000, and Ethereum (ETH) and other solid altcoins making even more impressive gains.

The co-founder of cryptocurrency analysis company Blockfyre believes that a bull run will return, propelling Bitcoin (BTC) to a price of $150,000.

In a tweet on June 4, Simon Dedic suggested that these gains will not be reflected across the entire cryptocurrency market, although the more solid altcoins should also see impressive price action.

Bitcoin’s dizzying ascent to its current all-time high of almost $20,000 in December 2017 came complete with a media frenzy around all things crypto.

Coupled with a boom in initial coin offerings, and fuelled by investor FOMO (fear of missing out), money was thrown at literally any project in the hope that it would mirror the gains of Bitcoin.

This became a self-fulfilling prophecy, and pretty much every altcoin posted a significant price increase during 2017. 

While Dedic warned that he believes this won’t happen again, he does envisage a Bitcoin bull run returning and “pumping the few solid alts out there.” He even went as far as to make a number of price predictions, such as Bitcoin gaining over 1,400% from its current price of around $9,750 to reach his target of $150,000.

Ether (ETH) is set to fare even better according to Dedic, increasing more than 3,570% from current levels around $245 to a price of $9,000.

And Binance Coin (BNB) is predicted to see a 2,750% rise to $500. Bigger increases still are forecast for Chainlink (LINK) and Tezos (XTZ), both with a target price of $200, representing 4,450% and 6,800% gains respectively.

But this all fades into insignificance compared to Dedic’s prediction for VeChain (VET), with a seemingly modest target price of $1.

However, this marks a massive 14,100% increase on its current price of $0.007.

In other trending Bitcoin News today:

Top Crypto Analyst Flips Bullish on Bitcoin, Says Miners No Longer Selling Their BTC

Top crypto influencer and Bitcoin maximalist Tuur Demeester, citing data from the crypto analytics firm Glassnode, says Bitcoin miners are almost done selling their BTC.

Glassnode’s Miner Outflow Multiple metric tracks the volume of Bitcoin flowing out of miner wallets.

This multiple is currently at a trough point at .47 after a peak of 2.62 in mid 2019 and a previous low in late 2018 at .307.

On May 11th, the day of the halving, the reward for completing a block was reduced by 50% to 6.25 BTC, with revenue earned by miners initially plunging 48%.

The increased pressure to maintain profitability forced miners comprising up to 30% of the entire Bitcoin network hash rate to exit the market, according to data from the mining pool Poolin.

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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:

In 2017, you could have bought literally any alt and it was a good investment.Imo this won’t happen again.However, I still believe that the bull run will return, pumping the few solid alts out there.

Predictions:$BTC $150k$ETH $9k$LINK $200$BNB $500$VET $1$XTZ $200

— Simon Dedic (@scoinaldo) June 4, 2020

https://cointelegraph.com/news/analyst-predicts-next-bull-run-will-send-bitcoin-to-150k-and-ether-to-9k

BITCOIN WILL BE WORTH TRILLIONS AND BECOME A WORLD RESERVE CURRENCY 'BEFORE' 2024 SAYS MAX KEISER!

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Popular TV host of the Keiser Report and legendary Bitcoin bull Max Keiser predicts that ‘before’ the 2024 US presidential election BTC will be worth trillions and become the world reserve currency.

Max tweeted: 

“Before 2024 US Presidential election: 

1. BTC worth trillions 

2. BTC – world reserve currency 

3. Countries locked in Hash War

4. Most banks will be gone, replaced with Central Bank ‘crypto’

5. Combined political power of BTC billionaires will dominate policy”

Earlier this year, live on the Alex Jones show, Keiser officially raised his Bitcoin price target for the first time in eight years to $400K per BTC.

“I’m raising my official target for the first time in eight years,” Keiser told Jones in a February 17 video interview. 

“I’m raising it to $400,000.” The BTC maximalist proceeded to argue that it is not too late to get into the revolutionary money of the future, and in fact, it’s just the beginning. 

“So this is your new chance to make the bitcoin phenomenon work for you, Alex Jones.” Keiser clarified that the $400K target is based on the value of gold, and called bitcoin “gold 2.0.” 

Then just last month Max upped his Bitcoin target again sharing, “People with zero Bitcoin exposure like Warren Buffett will see their wealth hyperinflate to nothing while Bitcoin’s price skyrockets 40-80x.”

So for Bitcoin to 80X at the time of his prediction, this would put the Bitcoin price at about $880,000.

In other trending Bitcoin News today:

“AFTER $17,150 TURNS INTO SUPPORT, BITCOIN COULD SURGE TOWARD $20,000”

Bitcoin has begun to surge higher again after multiple days of consolidation under $16,000. Hours ago, the leading cryptocurrency moved from the $15,900 resistance it was trading near toward $16,500.

Analysts are not yet convinced it’s clear skies for Bitcoin, though. This comes in spite of some sentiment shared that there is no serious technical resistance from here until $20,000.

Crypto-asset analyst Josh Rager recently shared 2 charts.

The chart depicted on the left shows that Bitcoin interacted with three levels on multiple occasions during the rally of late-2017 and early-2018: $16,173, $16,600, and $17,150.

The chart on the right shows that Bitcoin is currently approaching these technical levels. Considering their historical importance, there is a high likelihood they will act as resistance for the cryptocurrency moving forward. As Rager explained:

“Keep an eye on these key Bitcoin price levels (daily/weekly) from the 2017-2018 highs They could likely reject before moving higher But after $17,149, there isn’t a lot standing in the way before $19,000+.”

Analysts say that Bitcoin will soon hit new all-time highs.

Tyler Winklevoss, CEO of Gemini and a Bitcoin billionaire with his twin brother Cameron, recently stated:

“I do think we will see an all-time-high price for Bitcoin before 2020 is over. Even though the price has climbed from 10k to almost 14k in less than a month, it hasn’t really gone on a breakout run yet. When we start to see 3-5k surges then the bulls will be on the run.”

Winklevoss was recently quoted as saying that Bitcoin could hit $500,000 in the years ahead. Such a rally would give the cryptocurrency a higher market capitalization than gold has today.

He thinks that Bitcoin will achieve such a rally due to the immense buying pressure that will take place due to monetary inflation. 

The Winklevoss twin added that the cryptocurrency is fundamentally better than the leading precious metal, which should aid a rally.

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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:

Before 2024 US Presidential election:

1. #BTC worth trillions

2. BTC – world reserve currency 3. Countries locked in Hash War4. Most banks will be gone, replaced with Central Bank ‘crypto’

5. Combined political power of BTC billionaires will dominate policy

— Max Keiser (@maxkeiser) November 13, 2020

$BTCKeep an eye on these key Bitcoin price levels (daily/weekly) from the 2017-2018 highsThey could likely reject before moving higher

But after $17,149, there isn’t a lot standing in the way before $19,000+ pic.twitter.com/8sffFo6byo

— Josh Rager 📈 (@Josh_Rager) November 12, 2020

Bitcoin $20K is imminent. $250K is in range. Long term, $1M has been normalized. $10M is the dream.

But in time you’ll understand, Bitcoin begins at $100M.

— O₿iWan (@ObiWanKenoBit) November 13, 2020

After $17,150 Turns Into Support, Bitcoin Could Surge Toward $20,000

https://cryptopotato.com/warren-buffett-will-see-his-wealth-hyperinflate-while-bitcoin-price-does-40-80x-says-max-keiser/

https://news.bitcoin.com/keiser-bitcoin-price-alex-jones/

https://cointelegraph.com/news/stealth-phase-over-why-wall-street-fomo-will-make-20k-bitcoin-look-cheap

Bitcoin Price Is Likely to Plunge to #post_titleK, Says Silk Road Founder | BTC Halving 2020 Countdown

➡️ Tradecraft: http://tradecraft.cryptonewsalerts.net

Forget about $100,000. ‘Dread Pirate Roberts’ Ross Ulbricht expects the Bitcoin price to plunge to $1K before another bull run.

Ross Ulbricht, the founder of the infamous Silk Road dark web marketplace, has spotted ‘a strong signal’ for lower BTC price.

According to his new price analysis that relies on the Elliott Wave theory, the Bitcoin (BTC) price could plunge to as low as $1,200.

Ulbricht states that BTC is currently in the last stage of its first cycle degree bear market. Wave II is comprised of three primary-degree waves, with wave C being the largest one.

It is not clear how low wave II can go, but Ulbricht notes that the two previous bear markets resulted in 86 percent and 94 percent drawdowns, which means that there is more pain in store for the bulls. Hence, he notes that a similar price plunge could take Bitcoin all the way down to $1,200.

According to Ulbricht, it’s hard to estimate the duration of this bear market, but, based on the historical data, it could end this June.

‘Estimating the extent and duration of wave II is difficult and imprecise. There is no limit to how low it can go (except $0) because wave I started at $0.’

Ulbricht also says that Bitcoin could invalidate this bearish scenario is its price surges back above $14,000 (its 2019 high). However, this turnaround seems ‘unlikely to him.’ ‘

If the price rises above the peak near $14,000, we will have to reevaluate our interpretation, but at this point that seems like a very unlikely scenario.’

Back in December, Ulbricht predicted that BTC could surge to $100,000 in 2020, but the drop below the start of wave 2 ($4,200) on March 12 made such a bullish scenario improbable.

However, if BTC were to drop to this level, Ulbricht would view it as a ‘major buying opportunity’ before the start of wave 3.

Bitcoin (BTC) Halving Searches Breakout With Biggest Event in Crypto Just 30 Days Away

The Bitcoin halving countdown has reached the one-month mark with estimates targeting 29-31 days left to go.

The BTC halving event will reduce the amount of new Bitcoin entering the circulating supply by dropping mining rewards by 50%.

The event has triggered increasing interest as central banks resort to money printing to counter the economic blow of coronavirus.

“Bitcoin halving countdown”, “Bitcoin halving price chart” and “Bitcoin halving clock” are all currently trending on Google as breakout searches in the US. “Bitcoin halving prediction”, “Bitcoin halving price prediction” and “Bitcoin halving 2020” are all breakout searches worldwide.

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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://medium.com/@RossUlbricht/bitcoin-by-ross-9-a-strong-signal-for-lower-prices-87d2cdcdba95

https://u.today/bitcoin-btc-price-is-likely-to-plunge-to-1k-says-silk-road-founder-heres-when-this-bear-market

‘Rich Dad Poor Dad’ Author Predicts K Bitcoin Price | BTC Most Exciting Breakout in Over a Year

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

“Rich Dad Poor Dad” Author Predicts $75,000 Bitcoin Price By 2023

It has been hard to miss the recent tweets from BTC bull Robert Kiyosaki. 

The Vietnam veteran — best known for his book “Rich Dad Poor Dad” on financial wellness and success — has been putting his foot to the gas recently in promoting the leading cryptocurrency, gold, and silver.

He doubled down on this recently, asserting in a tweet that he thinks Bitcoin could hit $75,000 in the coming three years. In a semi-viral tweet published May 16th, Kiyosaki suggested that with the “economy dying” and “hope” fading, he’s growing especially bullish on Bitcoin, gold, and silver.

The author-entrepreneur is so bullish on these assets, in fact, that he predicted a $75,000 Bitcoin price within the next three years, along with a near-doubling of gold’s price in a year, and a doubling of silver’s price in the coming five years.

“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.”

The reason why he’s so bullish on Bitcoin and precious metals is that he thinks the actions by the world’s governments and central banks are propping up a system of “fake money” poised to collapse.

The “Rich Dad Poor Dad” author specifically cited the lack of interest rates, along with the quantitative easing programs by central banks, as a way to corroborate his point.

Kiyosaki believes that as a result of these macroeconomic trends, investors will flock to store of values and noncorrelated assets to secure their wealth in the long run.

And to him, the assets that can provide such security are precious metals and Bitcoin.

As the outspoken entrepreneur fittingly put it in April, Bitcoin is the “people’s money,” gold is “god’s money,” and fiat is “fake money.”

In other trending Bitcoin News today:

Bitcoin Price Charts Hint at the Most Exciting Breakout in Over a Year

If Bitcoin closes above $9200 this week, it’s an incredibly bullish sign — and perhaps the biggest since the 2017 bull run — for the coming weeks and months.

The price of the top-ranked cryptocurrency by market capitalization, Bitcoin (BTC), is set to explode in the coming week providing the weekly candle opens above $9,200.

This would signal the end of a 46-week descending channel that BTC/USD has been locked in since it nearly tapped $14,000 in the summer of 2019. 

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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:

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

This started as a joke, but now I’m afraid I’ll never be able to log in to Twitter again without someone getting angry I don’t own Bitcoin. One day you’ll see a wizened old woman in the street, trying to trade a Harry Potter book for a potato. Be kind. She did try to understand.

— J.K. Rowling (@jk_rowling) May 15, 2020

https://cointelegraph.com/news/bitcoin-price-charts-hint-at-the-most-exciting-breakout-in-over-a-year