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0K Bitcoin (BTC) by 2030 Predicts Crypto Research Report | ETH, LTC, BCH, & XLM Price Predictions

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

A new report from a crypto research group suggests that the Bitcoin price could approach $400,000 in the next 10 years, with altcoins following its bullish example.

In the June 2020 edition of the Crypto Research Report, researchers predicted the price of Bitcoin (BTC) and other altcoins — Ether (ETH), Litecoin (LTC), Bitcoin Cash (BCH) and Stellar (XLM) — would get a huge surge before 2025, which may continue for at least five years.  

“We believe that Bitcoin is still at the very start of its adoption curve,” the report states.

“The price of $7,200 at the end of 2019 suggests that Bitcoin has penetrated less than 0.44% of its total addressable markets [worth $212 trillion]. If this penetration manages to reach 10%, its non-discounted utility price should reach nearly $400,000.”

That would mean a price increase of more than 4,000% for BTC by 2030, but ETH, LTC and BCH are also looking bullish in this scenario, with surges of roughly 1,600%, 5,000% and 5,400%, respectively.

However, XLM would see the largest increase: more than 11,000% from $0.07 to $7.81. ‏‏

The ‎Liechtenstein-based research group analyzed cryptocurrencies based on their target addressable market, or TAM, a metric used “to estimate a cryptoasset’s implied future price.” 

According to the report, TAMs for cryptocurrencies include remittance, tax evasion, offshore accounts, store of value, online transactions, micropayments, crypto trading, gaming, online gambling, consumer loans, reserve currency and others.

The report also observed on- and off-chain velocity metrics for altcoins and concluded that the “growth in the number of speculative transactions on exchanges is faster than growth of utility transactions to buy goods and services.”

“On-chain velocity” is a metric measured by transactions on a blockchain, while “off-chain velocity” is determined by trading activity on crypto exchanges.

When analyzing Bitcoin, the researchers noted the price of the cryptocurrency and its activity on exchanges both increased at roughly the same time:

“If cryptocurrencies gain adoption for long-term hoarding purposes or for short-term spending on speculation or coffees, the price of crypto assets will go up,” the Crypto Research Report stated.

“High velocity on-chain and low velocity off-chain suggests that crypto assets are becoming increasingly used for speculation and not for store of value.”

In other trending Bitcoin News Today:

Why Top Traders Expect Bitcoin to Hit $13,000 Despite Short-Term Weakness

As NewsBTC reported previously, one analyst does believe that a continued defense of this crucial support region could be all that is needed to spark a movement up to highs of $12,000.

“I think, if we hold $8,800-8,900. From here to $9,600, then flip $9,300, crawling back up with acceleration above $10,000 and then $11,500-12,000 test,” he explained.

This analyst isn’t alone in believing that Bitcoin could be well-positioned to see some major upside in the coming days and weeks.

Another popular pseudonymous trader explained earlier today that a massive liquidity pool around $10,500 indicates that a move to this crucial resistance is imminent.

From here, he believes Bitcoin could then push up towards $13,000.

“Macro BTC context: still think we’re heading towards $13K mid term. Massive liquidity pool around 10.5k, price tends to visit those sooner or later.”

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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:

Macro $BTC context: still think we’re heading towards $13K mid term. Massive liquidity pool around 10.5k, price tends to visit those sooner or later. pic.twitter.com/cb7AxhGRi4

— SalsaTekila (@SalsaTekila) June 29, 2020

Why Top Traders Expect Bitcoin to Hit $13,000 Despite Short-Term Weakness

https://cryptoresearch.report/wp-content/uploads/2020/06/Crypto-Research-Report-June-2020-ENG.pdf

https://cointelegraph.com/news/crypto-research-report-predicts-397k-bitcoin-price-by-2030

TOP ANALYST PREDICTS BITCOIN WILL HIT $100K IN APRIL!! NETFLIX NEXT BIG GIANT TO INVEST INTO BTC?!!

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A widely-followed trader and crypto analyst believes Bitcoin will ascend to a new high of $100,000 sooner than most investors think.

The pseudonymous trader Kaleo tells his 77,000 Twitter followers that the correction across the BTC and crypto markets is likely over.

“Sale ends today. Buy more now…

Good morning and happy Monday. Bitcoin higher. Alts higher. Stonks higher. Bears trembling.”

With the correction out of the way, Kaleo says BTC is poised to begin a fresh rally that will catapult the leading cryptocurrency to gains of over 100% in the coming months.

“Bitcoin/BTC Send it to $100,000.”

According to the crypto trader, he used Bitcoin’s price action during the 2017 bull market and overlaid it on BTC’s current rally. Based on Kaleo’s chart, the leading cryptocurrency could hit $100,000 in April.

The crypto analyst is also looking at two altcoins that he believes have strong bullish potential.

The top token on Kaleo’s radar is decentralized exchange SushiSwap (SUSHI). Kaleo believes SUSHI is gearing up for a move above $30 as it follows Uniswap’s (UNI) footsteps.

The second coin on Kaleo’s list is blockchain gaming platform Enjin Coin (ENJ), which he says is a buy on dips as he expects it to soar in the coming days.

“Expecting a day or two of accumulation in the 70 to 80 cents range before making the move to $1.00+.”

The crypto strategist highlights that his rosy outlook on the ENJ is also rooted in its strong fundamentals.

“Another reason why I’m so bullish on ENJ is their involvement in the gaming NFT space, which is a market with huge growth potential going forward. Relative to other names in this space, ENJ has been relatively quiet so far.”

In other trending Bitcoin News today:

Netflix ‘might’ be next Fortune 100 firm to buy Bitcoin – Tim Draper

Netflix may just be the next Fortune 100 company to buy Bitcoin (BTC) and Amazon will have to accept it, says billionaire Tim Draper.

In an appearance on the Unstoppable Podcast on Feb. 28, the serial investor and hodler forecast that out of all possible candidates, Netflix is his pick for putting BTC on its balance sheet.

“You know who it might be? Netflix,” he said. 

“I think Reed Hastings is a very innovative guy and has a lot of creative thinking and I think he still controls the reins at Netflix and so I think that might be the next big one to fall.”

The prediction comes as telltale signs of institutional buy-ins continue to surface at current prices, with $48,000 seeing multiple large transactions at Coinbase Pro over the past week. Classic buyers MicroStrategy and Square both added to their positions.

Ever the optimist, Draper also considered that Amazon would add a direct Bitcoin payment option in future. 

“Amazon will probably start accepting Bitcoin pretty soon,” he said, noting that consumers have been able to buy products indirectly using cryptocurrency for many years.

Amazon added Ethereum availability to its Managed Blockchain this week.

Bitcoin itself meanwhile saw a change in fortunes on Wednesday, exiting the $40,000 corridor to hit highs of $52,593 — the most since Feb. 25. 

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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:

Let me help Peter. Gold is hyped as much as Crypto. Do we really need gold jewelry? Gold can make you a ring. BTC/Eth are technologies that can make you a banker, allow friction free exchange of value and are extensible into an unlimited range of biz and personal applications https://t.co/pJPdEAl5gq

— Mark Cuban (@mcuban) March 2, 2021

https://cointelegraph.com/news/netflix-might-be-next-fortune-100-firm-to-buy-bitcoin-tim-draper

https://cointelegraph.com/news/bitcoin-hits-51k-as-short-term-bull-case-strengthens-amid-weakening-dollar

BITCOIN CRASH TO .4K SOON?! | BTC Price Holding .5K as Media Calls New ‘Bull Market’ in Stocks

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DARING ANALYST CALLS BITCOIN CRASH TO $2.4K SOON

With market data showing a range of conflicting signals, one analyst has now made a bold prediction that the BTC price will soon see its largest collapse in over a year.

Whereas investors should consider all possibilities, such a bold assumption is certain to be controversial.

This claim of a possible major drop comes from The Moon who has tweeted: “Possible Bitcoin bear flag on the 4-hour chart. The target will be approximately $2,400 if the bear flag support breaks.”

He bases his argument on the four hour price chart, which clearly indicates a bear flag, yet does not necessarily coincide with other timelines. It is worth noting, however, that The Moon also successfully predicted the Bitcoin price drop which took place on March 12th.

Given the heightened volatility over the past few weeks, Bitcoin (BTC) analysts have come out with a range of predictions. It is thus difficult to know which data is most telling of the market’s next moves.

The most basic indicators signal continued price swings in the short term, yet a stronger recovery over the next few weeks.

Many conclusions can be reached using chart data alone, which is why other market considerations should be examined when making BTC price predictions.

There are presently no shortage of larger indicators that analysts have been using to emphasize Bitcoin’s remarkable potential for big gains.

These include the impending block reward halving, a significant increase in overall blockchain activity, and an increasing interest in using Bitcoin as a financial safe haven.

Bitcoin continued to trade near $7,000 on March 27 after traditional markets showed bullish signs and the Dow Jones had its best day in 87 years.

Having preserved support at the lower end, Bitcoin saw its third consecutive day above $6,000 as coronavirus misery appeared to abate for some parts of the world’s financial system.

They were building on the success of the Dow, which on Wednesday saw its biggest one-day growth since 1933 at 20%.

For the Wall Street Journal, this was even enough to call a bull market.

That, in turn, followed an announcement from the United States Federal Reserve to print unlimited amounts of money, something which immediately pumped markets but rattled Bitcoin proponents.

While Bitcoin continued to fluctuate, data suggested that traders were not in the mood to sell — according to monitoring resource Glassnode, exchange balances were at an eight-month low as of Thursday.

“Despite the volatility, Bitcoin holders appear to be withdrawing their funds from exchanges. Outflow has been increasing daily since March 18,” the company summarized on Twitter.

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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:

Breaking: A new bull market has begun. The Dow has rallied more than 20% since hitting a low three days ago, ending the shortest bear market ever. https://t.co/06YS0XqWGP

— The Wall Street Journal (@WSJ) March 26, 2020

Daring Analyst Calls Bitcoin Crash to $2.4K Soon

https://cointelegraph.com/news/bitcoin-price-holding-65k-as-media-calls-new-bull-market-in-stocks

BITCOIN SHATTERS $60K!! PETITION SIGNED THAT URGES CENTRAL BANK OF FRANCE TO ADOPT BTC AND CRYPTO!!

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Bitcoin Price hit $60,000 for the first time on March 13 as the long-awaited continuation of the BTC bull run got underway.

Data from Cointelegraph Markets and Tradingview tracked BTC/USD as the pair finally crossed the historic level after several weeks of mild corrections and periods of consolidation.

Bulls had spent a considerable time in limbo as Bitcoin tested prior all-time highs at $58,350 repeatedly, with a significant resistance zone beneath slowing progress.

In the end, however, optimism won out, and the largest cryptocurrency by market capitalization clinched its latest milestone. At press time, price action focused on an area just below $60,000 amid characteristic volatility.

As Bitcoin price inched its way closer to the previous all-time high, analysts at Whalemap observed some interesting on-chain activity taking place. 

According to the research team:

“Realized Cap HODL waves show what percentage of realized capitalization belongs to HODLers of different type (1y-3y hodlers, 3y-5y and so on). Usually, macro tops occur when the market over-saturates with FOMO. This can be identified when a large % of realized capitalization belongs to short term hodlers (younger than 6 months). The last macro tops were accompanied by more than 95% of realized cap belonging hodlers of less than 6 months. Currently, we are at 82%.”

Anticipation of $60,000 and even higher had steadily built up over recent days. As Cointelegraph reported, professional analysts as well as traders were poised to announce the end of Bitcoin’s prior sideways price action as indicators pointed in bulls’ favor.

The now-standard narrative of healthy on-chain metrics combined with positive support from institutions served to bolster confidence. Now that Bitcoin price has reached the $60,000 level, many analysts have set their targets on the $72,000 zone, followed by $100,000. 

In other trending Bitcoin News today:

Member of French Parliament Signs Petition That Urges Central Bank to Adopt Bitcoin

While Wall Street is already diving headfirst into Bitcoin, the world’s central banks keep scoffing at the cryptocurrency. One French politician is attempting to change that.

Jean-Michel Mis, a member of the National Assembly (the lower house of the French Parliament), has signed a petition to the French Senate that would authorize the Bank of France (Banque de France) to purchase Bitcoin and other cryptocurrencies.

The petition was initially filed by Ark Ecosystem CEO Francois-Xavier Thoorens earlier this month.

It cites MicroStrategy and Tesla as the companies that have purchased large sums of Bitcoin while also mentioning Miami’s plan to potentially invest its treasury reserves into the cryptocurrency:

France must adopt a strategy in this area and a law enabling it to be applied. I, therefore, propose an update of the Monetary and Financial Code to endow the Banque de France with the capacity to buy, sell and hold bitcoins and other crypto-assets that it sees fit.

Presently, it has collected only 293 out of the 100,000 required signatures to meet the threshold for pushing the discussion onto the Senate floor.

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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:

💥💥💥 $60g’s baby!!!!!!

How ironic that virtually nobody wanted #bitcoin at $3-4k but now everybody and their momma wants it above $50g’s 😉🚀

$77k short term target in play!! 🎯 pic.twitter.com/fX0fMidCux

— Crypto News Alerts 🔥🎙 (@CryptoNewsYes) March 13, 2021

On March 13th 2020 – Bitcoin hit ~$3,800 USDOn March 13th 2021 – Bitcoin hits ~$60,000 USD

Perspective.

— Monsieur RookiéXBT 🧲 (@RookieXBT) March 13, 2021

https://cointelegraph.com/news/the-bitcoin-boom-the-future-of-the-company-balance-sheet

https://u.today/member-of-french-parliament-signs-petition-that-urges-central-bank-to-adopt-bitcoin

https://cointelegraph.com/news/bitcoin-price-hits-60k-after-bulls-push-through-a-key-resistance-cluster

JPMORGAN CHASE TO LET CLIENTS INVEST IN BITCOIN FUND FOR FIRST TIME!! $220K IN 2021 STILL IN PLAY!!

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JPMorgan Chase is preparing to offer an actively managed Bitcoin fund to certain clients, becoming the latest, largest and – if its CEO’s well-documented distaste for bitcoin is any indication – unlikeliest U.S. mega-bank to embrace crypto as an asset class.  

The JPMorgan Bitcoin fund could roll out as soon as this summer, two sources familiar with the matter told CoinDesk. Institutional bitcoin shop NYDIG will serve as JPMorgan’s custody provider, a third source said.

In other trending Bitcoin News today:

Fund Manager Bill Miller Says Bitcoin Is Not a Bubble — BTC Entering Mainstream as Demand Grows Faster Than Supply

“Supply is growing 2% a year and demand is growing faster. That’s all you really need to know, and that means it’s going higher … I don’t think this is a bubble at all in bitcoin, I think this is now the beginning of a mainstreaming of it.”

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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:

https://news.bitcoin.com/bill-miller-bitcoin-not-a-bubble-btc-entering-mainstream-demand-grows-faster-than-supply/

https://cointelegraph.com/news/5-things-to-watch-in-bitcoin-this-week-as-greed-and-leverage-get-flushed-out

https://cointelegraph.com/news/bitcoin-bulls-respond-with-a-150m-short-squeeze-above-53k-can-btc-go-higher

https://www.coindesk.com/jpmorgan-to-let-clients-invest-in-bitcoin-fund-for-first-time-sources

BTC Burst to 0,000 Likely, Crypto Tide Is Turning for Institutional Investors | Bitcoin News

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

Morgan Creek Digital co-founder Anthony Pompliano says Bitcoin’s status among traditional investors is starting to change.

In an interview with Yahoo Finance, Pompliano says the longer BTC continues to thrive and prove naysayers predicting its demise wrong, the more people will take notice of its remarkable rise in value over the last decade.

He points to the fact that JP Morgan is now providing banking services to crypto exchanges Coinbase and Gemini as a sign of what’s to come.

“Bitcoin is not going away. You’re starting to see a lot of Wall Street investors actually putting it in their portfolios. And they’re starting to also have some track record for these exchanges or businesses, so they can see the financial performance.

So I think ultimately, what you’re really going to start to see is banks can’t ignore this space.”

Pompliano says he’s seeing institutional investors increasingly view Bitcoin as a hedge against the volatility of other financial markets.

“About a year ago, it started to be a thing like, oh, that hasn’t died yet? Maybe I should do some more work and get educated on it. Now what we’re seeing is two separate groups of people. Some that have done that work and are now gaining exposure. So you see someone like a Paul Tudor Jones come in and say he’s got 1-2% of his portfolio. And he’s worried about inflation given all the printing that’s going on…

In the second bucket, what you’ve got is a lot of institutional investors that are sitting there saying, ‘Look, I’m just doing asset allocation and this asset is very unique in that it, over a long period of time, has been non-correlated to other assets. It’s able to improve my Sharpe ratio and can actually drive on a risk reward standpoint a significant increase in my performance by only allocating a small amount of capital.”

Pompliano says he’s not wavering from his personal Bitcoin prediction price path through 2021.

“My guess is we’ll continue to grind up for the next 18 months or so, and I do expect it to be the best performer coming out of this crisis. I’m on record as saying I think Bitcoin will hit $100,000 per BTC by 2021, which is obviously more than a 10x increase in a relatively short period of time in the traditional financial world.”

In other trending Bitcoin News today:

Top Analyst: Bitcoin, Ethereum and XRP on the Edge After Halving – Here’s What to Watch for Next

Crypto analyst and author of An Altcoin Trader’s Handbook, Nik Patel, is updating his outlook on Bitcoin, Ethereum and XRP.

Patel says Bitcoin is facing a crucial moment at the $9,500 level. If the king of crypto can hold above that line, he believes a push to $10,550 is on the horizon.

If not, he believes the bears will likely mount a comeback.

“This is why 9450-9500 is going to be super important post-halving… There will be a lot of sell pressure coming in from everyone who’s been shafted after longing the breakout [and] retest. Overcome that and I think 10550 and higher is on the cards.”

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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:

$BTCThis is why 9450-9500 is going to be super important post-halving on Tuesday.There will be a lot of sell pressure coming in from everyone who’s been shafted after longing the breakout > retest.

Overcome that and I think 10550 and higher is on the cards. pic.twitter.com/ZLNnrZmAb5

— Nik Patel (@cointradernik) May 10, 2020

https://cointelegraph.com/news/forget-btc-price-its-now-possible-to-trade-bitcoin-hash-rate-futures

POST HALVING, BITCOIN WILL STILL SURGE TO ,000: WALL STREET BILLIONAIRE | BTC Mania in June

➡️ REPLAY – TEEKA TIWARI – 5 Coins To $5 Million: http://final5.cryptonewsalerts.net

TOP INVESTOR STILL EYES $20,000 BITCOIN PRICE

Yesterday, the infamous 2020 Bitcoin Halving finally came to pass.

Unlike optimists expected, the market didn’t pump in the wake of this event. Instead, BTC is actually down more than 15% in the past three days, having rallied as high as $10,100 on Thursday.

Yet this drop has not stopped a prominent Wall Street billionaire from predicting the Bitcoin price will rally towards $20,000 by the end of the year.

Speaking to CNBC’s “Fast Money” panel in the wake of the halving, Galaxy Digital chief executive officer Mike Novogratz held his bullish tone on the leading cryptocurrency.

He asserted that with all of the stimulus by governments, along with the record amount of liquidity operations by central banks, Bitcoin could climb towards $20,000 by the end of the year.

Along with the positive macro outlook, Novogratz noted that Paul Tudor Jones, the legendary macro hedge fund investor, entering the Bitcoin space is especially notable.

This point was not expanded on, but many in the space believe that the investor’s entrance of the space is one of the most bullish things to happen to the cryptocurrency.

The idea goes that because Jones is now in Bitcoin (and in the space publicly), other investors that were sitting on the fence are more likely to flock to buy Bitcoin now.

In other trending Bitcoin News today:

Top Analyst Predicts Bitcoin (BTC) Mania in June, Sparking Fast and Volatile Push to All-Time High

A prominent crypto strategist who accurately called the bottom after the coronavirus-induced sell-off in March says he’s long-term bullish on Bitcoin, but not before the world’s leading cryptocurrency whipsaws traders.

In a tweetstorm, pseudonymous trader Bitcoin Jack says that he expects volatility to reign for the rest of the month before Bitcoin accelerates in June.

“Key requirements in May for my thesis: decent buy pressure this week with resistance between $10,500 to $11,000, sell-off into strong support at $9,000 – $9,500 that holds. That would complete a running flat. If so, it is a recipe for an end of May / June rally.”

Should Bitcoin follow the script, the crypto analyst says BTC will begin to rise next month in a rally that ignites FOMO, mania and media attention en route to $15,000.

After the rally, Jack expects the top cryptocurrency to correct and form a base which would set the stage for a massive bull run to $20,000.

“I expect support ($9,000 – $11,000) to form by August. If my earlier thesis is correct, we should then rally towards previous ATH by Dec/Jan.”

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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:

Post Halving, Bitcoin Will Still Surge to $20,000: Wall Street Billionaire

BOBBY LEE: 0K Bitcoin Price ‘Flippening’ of Gold Will Come by 2028! | Trillion BTC Market Cap

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Bitcoin price will surpass the market cap of gold and could ultimately be worth $1 million, well-known industry figure Bobby Lee said on Twitter… 

“Gold is at about $8 trillion today, which is 50x the worth of Bitcoin. I predict the flippening will happen within 9 years and BTC will shoot up past USD $500,000. And with all of the money printing that’s happening globally, $BTC will actually very likely be over $1 million!”

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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:

#Gold is at about $8 trillion today, which is 50x the worth of #Bitcoin.
I predict the #flippening will happen within 9 years and $BTC will shoot up past USD $500,000.
And with all of the money printing that’s happening globally, $BTC will actually very likely be over $1 million! https://t.co/hbqGze38k5

— Bobby Lee – Ballet: Simple & Elegant Wallet (@bobbyclee) November 10, 2019

Bitcoin (BTC) Price Weekly Forecast: More Downsides Likely

https://cointelegraph.com/news/bobby-lee-500k-bitcoin-price-flippening-of-gold-will-come-by-2028

BLOOMBERG PREDICTS $80K BITCOIN SURGE IN Q2!! ETHEREUM TO BE A ‘STORE OF VALUE’ SAYS SKYBRIDGE CEO!!

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

According to a new Bitcoin / Cryptocurrency report published by Bloomberg Intelligence, the second quarter is more likely to deliver a further BTC surge to $80,000 than a capitulatory move to $40,000.

The new report reads: “Adoption of the benchmark crypto as a global reserve asset has crossed the mainstream threshold, as we see it, and the market tide is rising. This scenario has switched the focal point of our 2021 analysis toward more-technical indicators from a wider range of fundamental and on-chain metrics in the past few years.”

“A more likely 2Q scenario is to breach $60,000 resistance and head toward $80,000. A backup toward $40,000 support is less likely, in our view.”

In other trending Bitcoin News today:

Ethereum To Be a ‘Store of Value,’ According to Skybridge Capital’s Anthony Scaramucci

Skybridge Capital chief and former White House press secretary Anthony Scaramucci says that Ethereum (ETH) will become a store of value asset.

In an interview with CNBC, Scaramucci says that as an institutional investor, he’s mainly focused on Bitcoin (BTC), but sees big things happening for Ethereum in the future.

“I think there’s a very big market for Ethereum and I predict that Ethereum has good fundamentals and will grow, but I’m in an institutionalist sort of business. I think like an institutionalist, and I’ve got to get my clients thinking about cryptocurrency and digital assets. So as a first step, I’m focused on Bitcoin and we only have now a Bitcoin fund.”

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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/ceo-of-biggest-crypto-exchange-has-close-to-100-of-net-worth-in-crypto

https://cointelegraph.com/news/bitcoin-falls-below-58k-as-bloomberg-eyes-80k-btc-price-in-q2

https://cointelegraph.com/news/bitcoin-price-slides-5-as-second-day-of-losses-costs-ethereum-2k-landmark

TEEKA TIWARI: The Final 5 Coins to Million | Bitcoin (BTC) Price Gearing Up for Major Move

➡️ 5 *MORE* COINS TO $5 MILLION: http://opm.cryptonewsalerts.net

Teeka Tiwari reveals his ‘Final 5’ crypto picks of 2020 in the most anticipated live cryptocurrency event of the year.

With the Bitcoin price currently dropping and with the market looking short term bearish, will the BTC halving which is now only 63 days away spark the next parabolic bull rally?

For the past six months, Teeka Tiwari – the independently ranked #1 most trusted person in crypto – has been on a world tour, investigating a rare crypto market phenomenon…

100% guaranteed to happen only once every four years. (It’s not the halving. The answer may surprise you.)

Over 100 billionaires and wealthy investors are in a buying frenzy right now, preparing for this phenomenon.

The last time it occurred in 2016 (we won’t see it again until 2024), you could’ve turned $500 into as much as $5 million – in 10 months.

During this landmark online training event, Teeka will fly you to the hidden-in-plain-sight epicenter of this phenomenon… so you can see with your own eyes: It’s real.

It’s 100% guaranteed to hit in roughly 50 days. And it could be bigger than any other phenomenon before.

Analyst Who Predicted Bitcoin Crash to $6,500 Says BTC Gearing Up for Major Move

One of the few analysts to predict the start of Bitcoin’s 2019 retreat says BTC may be due for another correction.

The pseudonymous analyst Dave the Wave tells his 25,000 followers on Twitter that he believes the leading cryptocurrency remains in a descending triangle that dates back to late 2018.

Following this script, he expects a short-term bounce before another sell-off that could bring BTC to $8,300 sometime between March and May.

Based on the analyst’s chart, that short-term bounce could send Bitcoin close to $9,500 this month before the correction begins.

Dave makes this prediction based on a reversing logarithmic moving average convergence and divergence (LMACD).

This indicator is designed to reveal changes in an asset’s trend, strength and momentum.

Last June, Dave correctly called the start of Bitcoin’s 2019 retracement.

He expected Bitcoin to drop to just above $6,000 before the end of 2019. His prediction turned out to be remarkably accurate, as BTC hit a yearly low of $6,425 in December.

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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 #Bitcoin #eth #ethereum23 DAYS TILL THE BITCOIN BULL RUN STARTS!Shortterm resistance is now confirmed. This is a big deal as it confirms my suspicions of a dead cat bounce in play 🙀

Expecting to see heavy falling and $btc to be under $8000 this week.

💪🏼🤓👇🏼 pic.twitter.com/utM4qwZgZd— 𝗕𝗜𝗧𝗖𝗢𝗜𝗡 𝗕𝗨𝗟𝗟 𝗥𝗨𝗡 𝗔𝗣𝗥𝗜𝗟 𝟮𝟬𝟮𝟬 (@BITCOIN_BULLRUN) March 8, 2020

This Eerie Fractal Shows the Bitcoin Price Has Further To Fall From $9,000