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Bitcoin Price Still on Track to 0,000 Despite Recent Drop | BTC Crash NOT Due to Coronavirus

By admin — 3 years ago

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Cryptocurrency analyst PlanB states that the Bitcoin price is still following his stock-to-flow model, which predicts that BTC, the top crypto by market capitalization is set to hit $100,000 before December 2021.

“S2F chart adjusted for today’s “crash” … nothing really happened, btc still spot on S2F track”

PlanB’s model attempts to forecast future price moves of Bitcoin (BTC) based on the correlation between the stock (the total available supply of the cryptocurrency) and its flow (the amount of newly minted coin).

So far, every reward halving has been game-changing for the crypto king, and the Dutch pundit doesn’t expect the forthcoming supply cut to be any different.

In May, miners will start earning only 6.25 BTC per block. PlanB forecasted that the BTC price would trade above $10,000 after this halving while gradually moving to the aforementioned $100,000 target.

With the Bitcoin price tanking more than 10 percent, the cryptocurrency is showing anything but strength in the short-term.

Nonetheless, PlanB says that the cryptocurrency shows no sign of weakness just weeks before the halving since its mining difficulty is expected to increase by a ‘massive’ seven percent during today’s adjustment.

Moreover, the analyst forecasts that BTC’s hashrate and difficulty will continue to increase after the Bitcoin halving, debunking the myth that there will be a miner capitulation.

Bitcoin Drop Due to 13K BTC PlusToken Scam, Not Coronavirus – Analysts

Bitcoin (BTC) began its sudden crash due to another giant sell-off from the PlusToken pyramid scheme, analysts are suggesting as BTC/USD lost $8,000 support.

According to various online commentators citing Blockchain data, participants in the $2.9 billion scheme are again attempting to rid themselves of their BTC.

Ergo, the Twitter account that closely tracks PlusToken’s activities, put the total funds involved at around 13,000 BTC or roughly $210 million at the current market price.

This time, Ergo said, the coins were going to mixing services to hide their traceability. Two feeder addresses have been identified, shedding their balances on March 5.

“Been looking and theorizing about this for months and I can’t see a scenario where the coins aren’t being sold, at least to some degree,” the account summarized.

“This was likely obvious to the exchanges starting in September. The accounts would have been frozen then.”

The account added, however, that selloffs were now occurring at a “much slower rate” compared to a more intense period of activity in August last year.

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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:

~13k in new PlusToken mixer deposits in last 24 hrs.Almost all previous mixer deposit change has entered mixing, confirming my theory.Distributions still on/off. Much slower than September and November.

New report and full sit rep imminent. pic.twitter.com/vwrBuVk272

— Ergo ∴TxIDs Or It Didn’t Happen∴ (@ErgoBTC) March 6, 2020

Bitcoin Just Broke $8K: Here Are Important Supports Traders Must Watch

https://cointelegraph.com/news/bitcoin-drop-due-to-13k-btc-plustoken-scam-not-coronavirus-analysts

https://u.today/bitcoin-btc-price-still-on-track-to-100000-despite-recent-drop-this-analyst-explains-why

ABRA CEO SAYS BITCOIN COULD SHATTER $250,000 THIS YEAR, BUT MAJOR CRYPTO CORRECTION MAY BE NEXT!!

By admin — 3 years ago

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The CEO of digital payment platform Abra says Bitcoin could break $250,000 before year’s end, but he also thinks that the crypto markets are overdue for a healthy correction.

On a new episode of What Bitcoin Did with Peter McCormack, Bill Barhydt says he’s looking for potential resistance at the $60,000 level before a massive BTC correction ensues.

“If I look at the tea leaves, we haven’t had a 30% pullback since we went back down to $30,000 when we first got up to $44,000, $43,000, whatever it was, so we’re due for that. If I had to guess, I would say if you look at the upward slope that we’ve been on since December, depending upon how fast we get there, if it’s in February, we could top out just below $60,000 and then easily fall 30% and that would actually wind up the rubber band to probably go to $85,000 to $90,000. That would take us probably through August which if you look at stock to flow (S2F), it’s basically said that’s around the time it should happen and it’s uncanny, I mean it really is uncanny how accurate that model has been.”

Although Barhydt is short-term bearish on Bitcoin, he predicts that the largest crypto asset has more upside potential but its bull market peak may all depend on the rate of adoption of big corporations.

“What’s interesting is once you get to that August timeframe when you start to approach $100,000, PlanB’s two models diverge. Because he’s got the one model, the original stock to flow which says we’re at $100,000 for 24 months basically. And then he’s got his cross-asset model which basically talks about the next phase which says, ‘Hey we get up to $250,000 this year…’

Last December, when I went on, I think, your show and I talked to [Anthony Pompliano] and others, I basically said I think Bitcoin is going to be at $100,000 by the end of 2021. I still think that’s right but I think that if we get a bunch of other Fortune 500 companies making announcements like Tesla, that is going to push this up to a quarter of a million very quickly.”

In other trending Bitcoin News today:

MicroStrategy Prepares To Purchase $1,030,000,000 in Bitcoin After Completing Debt Offering

Business intelligence firm MicroStrategy is gearing up to make an additional purchase of $1.03 billion worth of Bitcoin.

In a new post on the company’s website, the publicly-traded firm announces that is wrapping up its offering of convertible notes in an effort to acquire more funds to buy Bitcoin.

The offering, which closed on February 19th, allows qualified institutional investors to purchase unsecured notes from MicroStrategy which have a maturity date of February 15th, 2027.

MicroStrategy reports earning approximately $1.03 billion from the sale of its notes and plans to use the entirety of those funds to purchase more Bitcoin.

“MicroStrategy estimates that the net proceeds from the sale of the notes will be approximately $1.03 billion, after deducting the initial purchasers’ discounts and commissions and estimated offering expenses payable by MicroStrategy.

MicroStrategy intends to use the net proceeds from the sale of the notes to acquire additional Bitcoin.”

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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:

“They say #Bitcoin is the ‘Big Bang’ of money b/c you can only do it once. That’s one of the attributes of it. There’s no imitators to ever come along. You can only create absolute scarcity once, you can only create the multiverse once with the Big Bang.”-@MaxKeiser 🍊💊

— Crypto News Alerts 🔥🎙 (@CryptoNewsYes) February 21, 2021

If I were to actually buy some #Bitcoin, how would I know when to sell? If your answer is to never sell, then what is the point of buying in the first place?

— Peter Schiff (@PeterSchiff) February 21, 2021

https://cointelegraph.com/news/did-50k-trigger-peter-schiff-to-buy-btc-5-things-to-watch-in-bitcoin-this-week

BITCOIN CAN GO TO 5,000, SOARING 995% BY NEXT AUGUST!! ONLY 2.5 MILLION BTC LEFT TO MINE!!

By admin — 3 years ago

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

Bold Profits Daily guru, Ian Dyer, doesn’t think the Bitcoin price will just hit $100,000, he thinks is will soar past it!

Ian believes the BTC price can go to $115,000 by next August. That means Bitcoin could soar 995% in less than a year.

Talk about a fast, HUGE return!

The bullish Bitcoin prediction is right in alignment with the infamous Stock-to-Flow model which suggest a $100,000 BTC price by August, 2021.

“We’re telling you how you can benefit from the rise of Bitcoin as it disrupts the global financial system. Our prediction stands: The Dow and Bitcoin will hit 100K in America 2.0.”

THE 995% RETURN YOU DON’T WANT TO MISS!

“You know we’re extremely bullish, optimistic and positive on Bitcoin. The reasons it could surge in just a short time stem from Paul’s GoingUpness strategy.”

“Since March, the number of Bitcoin stored on a crypto exchange is decreasing, which adds to Bitcoin’s ScarceAbility: At the same time, the Bitcoin price has risen more than 150% from its March low. Plus, demand for BTC has continued to increase.”

“Last month the first publicly-traded company announced that it used $400 million of its cash to purchase about 38,000 bitcoins. This is incredibly bullish. Corporations are starting to see its value which is another sign of demand.”

In other trending Bitcoin News today:

Grayscale Investments Scooped Up Over 17,000 BTC in the Last Seven Days

The Grayscale Bitcoin Trust (GBTC) is a very popular investment vehicle and in 2020 the trust has obtained a massive amount of BTC.

Today, GBTC has $4.7 billion assets under management (AUM), according to data provided by bybt.com.

Grayscale’s bitcoin position is also displayed on the company website as well for transparency purposes.

Since the Grayscale Bitcoin Trust inception date on September 25, 2013, there are 471,022,700 shares outstanding and each share is worth 0.00095519 BTC per share.

This week, digital currency proponents noticed that Grayscale scooped up around 17,100 BTC or $182 million using today’s exchange rates.

Bybt.com’s data shows the trust obtained the bitcoin stash during the last seven days and GBTC’s aggregate bitcoin position is now 449,900 BTC.

Bitcoin (BTC) markets have done well in recent days and dominance is nearing 60% again.

The cryptocurrency’s percentage change versus USD during the last year is up 29% and during the last 90-days, BTC has gained over 16%.

With 449,900 BTC held, Grayscale’s Bitcoin Trust has 2.14% of the entire 21 million BTC supply.

As far as coins in circulation, BTC just passed the milestone of 18,500,000 in circulation.

This means GBTC’s purse represents 2.43% out of the BTC currently in circulation.

No one knows exactly how Grayscale acquired the 17,100 BTC, but Microstrategy’s CEO Michael Saylor explained the efforts his company took to purchase the 16k BTC Microstrategy recently purchased.

“To acquire 16,796 BTC, we traded continuously 74 hours, executing 88,617 trades ~0.19 BTC each [three] seconds,” Saylor said. “~$39,414 in BTC per minute, but at all times we were ready to purchase $30-50 million in a few seconds if we got lucky with a 1-2% downward spike,”

Saylor added. A number of BTC proponents also believe that companies like Microstrategy and Grayscale’s Bitcoin Trust snatching up vast amounts of BTC is bullish for investors.

CEO of UK bitcoin exchange Coincorner, Danny Scott, tweeted on Sunday that BTC’s “foundations are getting stronger by the day.” “62 days of Bitcoin ending above $10,000,” Scott tweeted. “Previous was 61 from 1st Dec 2017.”

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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.

Show Notes / Resources:

Bitcoin: No. 1 In Race to 100K?

https://news.bitcoin.com/grayscale-investments-scooped-up-over-17000-btc-in-the-last-seven-days/

https://cointelegraph.com/news/only-25-million-bitcoin-left-to-mine

Top Crypto Strategist Calls 0,000 Bitcoin (BTC) Bull Run, Warns K Pullback Coming First

By admin — 3 years ago

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

A crypto analyst who warned traders about last year’s large Bitcoin (BTC) correction says he believes a similar scenario is about to play out.

With the Bitcoin price currently trading around $9,200 since peaking at $9,903 over the past seven days, the technical trader, known in the industry as Dave the Wave, says he believes that after failing to beat resistance at $10,000, BTC is now “back on track” to fall to $6,300.

Dave’s latest chart shows the BTC price falling next month to the low $6,000s. In the long run, the trader is extremely bullish on Bitcoin.

He says BTC is steadily approaching the end of a symmetrical triangle dating back to late 2017.

A quick survey sent to his 29,000 followers on Twitter shows most respondents agree that BTC is not yet ready to break out. Although he’s predicting pain in the short term, Dave is one of the most bullish analysts when it comes to Bitcoin’s path in the years ahead.

He predicts BTC will break through the strong line of resistance early next year and begin a long-term parabolic rally that will bring the leading cryptocurrency to $150,000 in 2023.

Dave made a name for himself in crypto circles after correctly calling the beginning of Bitcoin’s 2019 correction.

He told traders to brace for Bitcoin to drop to about $6,000 before the end of 2019.

The forecast ended up being on the mark, with BTC hitting a low of about $6,400 in December.

In other trending Bitcoin News today:

GOLDMAN SACHS IS INVITING CLIENTS TO A BITCOIN CALL: HERE’S WHY THAT’S SO IMPORTANT

Multinational investment bank Goldman Sachs will be hosting a Bitcoin call on May 27th for its clients.

The news was revealed Friday by The Block’s Mike Dudas, who shared the image below of an invitation to a call for May 27th entitled “Implications of Current Policies for Inflation, Gold, and Bitcoin.”

The call hasn’t even happened and some have postulated what this indicates and what could transpire in the wake of this call.

Although the Goldman Sachs call has yet to transpire and it’s unclear what exactly the firm will say about Bitcoin, many in the space have taken the news as a positive sign.

A commentator on institutional trends in the cryptocurrency space said that the existence of this call confirms there is true client demand for BTC.

“The fact that BTC is included tells you they are seeing substantial client interest.”

That’s not to say Goldman Sachs will be bullish on Bitcoin when the call comes around, though.

Sharmin Mosszvar-Rahmani, a Chief Investment Officer of the Investment Strategy Group at Goldman Sachs, has previously expressed bearish opinions about the efficacy of Bitcoin as an investment.

She wrote in a report published in 2018 that she believes cryptocurrencies “do not fulfill any of the three traditional roles of a currency,” before adding:

“Our view that cryptocurrencies would not retain value in their current incarnation remains intact and, in fact, has been borne out much sooner than we expected.”

🔥 [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:

pic.twitter.com/39lgLcer2w

— dave the wave (@davthewave) May 20, 2020

Does anyone think Goldman is going to be negative on BTC on this call?The fact that BTC is included tells you they are seeing substantial client interest.

Probably some good trading opps with this, including a possible run-up beforehand (may have already started). https://t.co/RH2yyXWmZr

— MacroScope (@MacroScope17) May 23, 2020

BITCOIN SUPERCYCLE WILL SEND BTC TO ASTRONOMICALLY NEW HIGHS OF $1 MILLION SAYS ON-CHAIN ANALYST!!

By admin — 3 years ago

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

Crypto trader and influencer Elliot Wainman is sharing his thoughts on the Bitcoin price potential, asserting that the asset is nowhere near its bull cycle top. The cryptocurrency analyst predicts that the flagship digital asset could reach a price of $1 million per BTC once the Bitcoin super cycle really kicks off.

“As we enter into May of 2021, which many people feel like might be towards the end of this bull run, I can’t help but feel like we’re on the brink of really crossing the chasm into a Bitcoin super cycle that would not only bring in hundreds of millions, if not billions of users, into crypto but would most likely send Bitcoin to astronomically new highs of hundreds of thousands, maybe even close to that hallowed ground of a $1 million Bitcoin.”

In other trending Bitcoin News today: Bullish ETH/BTC Pair Revives The Ethereum ‘Flippening’ Discussion

While Bitcoin continues to struggle below the $55,000 resistance level, the ETH/BTC pairing has started climbing higher in a move that was predicted by multiple analysts, including Real Vision CEO Raoul Pal. The bullish movement in the ETH/BTC pair has also reignited conversations about Ether price eventually flipping BTC.

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🔥 [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:

https://cointelegraph.com/news/key-bitcoin-price-metric-flashes-its-first-bullish-signal-in-4-months

https://cointelegraph.com/news/bullish-eth-btc-pair-revives-the-ethereum-flippening-discussion

BITCOIN GAINED 1,500% WHEN THIS SIGNAL FLASHED IN 2017!! BTC HAS 60X MARKET EXPANSION POTENTIAL!!

By admin — 3 years ago

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

CRUCIAL ON-CHAIN BITCOIN INDICATOR SUGGESTS A STRONG RALLY WILL COME

Ki Young Ju, CEO of CryptoQuant, noted that BTC is likely on the verge of a full-blown bull run as the mining ecosystem flashes a number of bull signals.

He shared a chart on September 24th, noting that Bitcoin miners are suggesting that a bull run is around the corner.

This same signal appeared in early 2017, preceding a parabolic surge.

“If BTC miners still drive the price, the next bull-run should be starting soon. MPI(Miner Position Index) has a very high hit rate in forecasting the bull/bear market when the macro factors like the stock market are not significant.”

Should history rhyme, the Bitcoin price is on the verge of a parabolic rally that should bring it past the previous all-time high at $20,000.

And if history actually repeats itself with Bitcoin surging another 1500% from here, then the BTC price can literally skyrocket to $150,000.

Aside from pure on-chain data, analysts say that the fundamentals of Bitcoin are stronger than ever.

This corroborates the expectations of the cryptocurrency market to undergo a strong rally to the upside.

Speaking on the fundamentals of BTC, Raoul Pal, CEO of Real Vision, recently stated:

“Most people don’t understand the latter but is simply put, Powell has shown that there is ZERO tolerance for deflation so they will do ANYTHING to stop it, and that is good for the two hardest assets – Gold and Bitcoin.

Powell WANTS inflation. I don’t think he gets true demand push inflation but he will get fiat devaluation, in conjunction with the other central banks all on the same mission.”

Others like Pal have echoed this optimistic sentiment.

They say that due to the vast amount of monetary stimulus amongst other geopolitical and monetary trends, BTC is primed to move higher.

In other trending Bitcoin News today:

Bitcoin Has 60X Market Expansion Potential, Says Crypto Investment Firm Galaxy Digital – Here’s Why

Galaxy Digital Capital Management, a leader in digital asset investing, says Bitcoin’s mainstream market presence is on the rise, with more growth potential than gold.

Although the precious metal has historically been investors’ favorite time-tested and reliable safety net against financial uncertainty, Galaxy Digital says in a new report that recent investments in Bitcoin from macro investing legend Paul Tudor Jones and tech giant MicroStrategy highlight Bitcoin’s attractiveness as a potential hedge against inflation.

With a market cap of over $200 billion, Galaxy Digital says Bitcoin still has tremendous room to grow.

“Gold’s market capitalization is currently over $12 trillion. Bitcoin’s value, on the other hand, is currently around $200 billion, less than 2% of the gold market. That presents a potential greater than 60x market expansion opportunity if Bitcoin grows to gold’s level as an alternative, digital store of value asset.”

Due to its open-source ethos and 11-year history of negative correlation to major global assets, Bitcoin has transformed from an obscure, decentralized peer-to-peer digital transaction facility to a globally-recognized institutional asset that is resistant to political censorship or interference.

Institutional adoption and usage of Bitcoin has surged since the Covid-19 pandemic, thanks to swelling government debt and fiscal stimulus hitting record highs, says Galaxy Digital.

“Top investors and large institutions are adopting it as an inflation hedge, including macro legend Paul Tudor Jones and MicroStrategy Inc., a publicly-traded business intelligence software firm (NASDAQ: MSTR).”

🔥 [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:

One year from now I think 1 Bitcoin will be worth $53,100

— Crypto Capital Venture ⚡️ (@cryptorecruitr) September 26, 2020

https://mcusercontent.com/4ee5467326fbf62430854c9c7/files/d3f78f5b-247d-4232-8f29-ad603fef945f/GFM_Digital_Assets_Diversified_September_2020.pdf

When This Signal Flashed in 2017, Bitcoin Gained 1,500%. It’s Back Again

https://cointelegraph.com/news/ultimate-bitcoin-bull-case-trader-says-23-factors-show-a-rally-is-due

5 COINS TO MILLION: THE FINAL 5 – TEEKA TIWARI PICKS | Bitcoin Price Eyes Close Above ,0000

By admin — 3 years ago

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Discover the ‘Final 5’ Teeka Tiwari picks of 2020 before the infamous BTC halving.

Regardless what happens next to the Bitcoin price, these cryptocurrency projects from Teeka simply cannot be ignored….

“FIVE Tiny Cryptocurrencies That Could Turn $500 Into $5 Million… Thanks To A Crypto Market Phenomenon Guaranteed To Hit In Roughly 50 Days”

This Could Be The Biggest Millionaire-Making Event In Human History (It’s NOT The Bitcoin Halving) 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.

Bitcoin (BTC) Eyes Close above $14,000, According to Textbook Technical Indicator

A textbook technical scenario brewing inside the bitcoin market could send its prices above $14,000.

Crypto analysts highlighted earlier this week the potential formation of an Inverse Head and Shoulder (IHS) pattern.

Investopedia defines it counter, which is called Head and Shoulder Pattern, as a “reliable” indicator in predicting an asset’s bullish-to-bearish trend reversals.

Therefore, its inverse version appears bearish-to-bullish to crypto traders. Bitcoin’s recent price action has led it to partially complete IHS.

It ideally resembles the establishment of three lows, with the middle-low the deepest.

So far, bitcoin has made two lows (one ‘left shoulder’ and the other ‘head’).

It is yet to complete the IHS by making the third one, as shown in the chart below, followed by a bounce towards the neckline.

That typically means that bitcoin could first crash towards the low established earlier by the Left Shoulder.

The fall could be anywhere between $7,800-8,054.

Then, the same area could serve as support to attract more buyers, leading to an upside retracement towards the IHS’s neckline of $10,190.

Bulls could push the price further above the neckline, leading to a breakout scenario.

The IHS breakouts typically lead price higher by as much as the pattern’s height.

In the current case, that height is about $400.

With that said, bitcoin’s close above the IHS neckline could have traders wait for a close above $14,000 in the medium-term.

🔥 [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:

So I think May 2020 #bitcoin halving will produce similar results (red dots) as 2012 and 2016 halving. Why? Co-integration! ELI5: S2F and btc price stay together. Look at the white dots (1 means btc price is exactly S2F model value), btc is above and below model value EVERY YEAR. pic.twitter.com/kfrejvrRA2

— PlanB (@100trillionUSD) March 4, 2020

Cut interest rates and print money.These are the tools of central banks.And they’re going to abuse them at the exact moment we head into the Bitcoin halving.

Even Hollywood couldn’t write this script 🤯https://t.co/lZqqIFJDNu

— Pomp 🌪 (@APompliano) February 29, 2020

Bitcoin Eyes Close above $14,000, According to Textbook Technical Indicator

https://cointelegraph.com/news/bitcoin-not-affected-as-us-fed-prints-equivalent-of-98m-btc-in-1-day

$288K BY DECEMBER?! BITCOIN ‘WILL NOT STOP’ AT $100K!! MORGAN STANLEY AND BNY MELLON EMBRACE BTC!!

By admin — 3 years ago

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

Bitcoin (BTC) has plenty of room to grow in its current bull run and “will not stop” at $100,000, according to analysts including PlanB who predicts that the peak of this cycle could be double those figures or even more – potentially in excess of $576,000.

In various posts on social media on Wednesday, the stock-to-flow Bitcoin price model creator joined others in predicting huge new all-time highs for BTC/USD.

With Bitcoin trading sideways below both its recent peaks of $58,300 and $61,700, investors are curious about where the 2021 bull run may end.

As Cointelegraph reported, depending on the price indicator used, the peak could be uncomfortably near or still far off. For followers of stock-to-flow, the answer remains firmly the latter: Compared with previous bull cycles, 2021 is just getting started.

“We are only 3.5 months into the Bitcoin bull market,” PlanB summarized.

“IMO BTC will not stop at $100K and will continue to S2FX $288K average price level (ATH will be higher).”

He referenced both his stock-to-flow, or S2F, and stock-to-flow cross-asset, or S2FX, models, which give an average BTC/USD price forecast of $100,000 and $288,000 during the current halving cycle, set to end in 2024.

This is just the average, however, and PlanB believes that the peak of this cycle could be double those figures or even more — potentially in excess of $576,000.

Currently, Bitcoin is following the stock-to-flow trajectory almost to the letter — “like clockwork,” as PlanB described it — and has yet to give off signs that the cycle top is approaching.

As fellow analyst Rekt Capital noted, such signs tend to come in the form of BTC/USD jumping above the planned trajectory.

“Upside price deviations from the Stock to Flow line tend to precede Bull Market tops for BTC,” the Twitter account wrote.

“At the moment, $BTC is perfectly follow the Stock to Flow line. But Bitcoin hasn’t deviated from it — yet.”

Despite the stock-to-flow model not existing during the top of Bitcoin’s first halving cycle price peak in 2011, it achieved a trajectory deviation equal to 1,157%.

In other breaking Bitcoin News today:

Morgan Stanley Introduces Bitcoin Investing For Millionaire Clients

Institutional banking powerhouse Morgan Stanley seems to have given Bitcoin its nod of approval. Based on fresh intel via an “internal memo”, as reported on by CNBC, Morgan Stanley will give clients access to Bitcoin (BTC) investing, though only under specific conditions.

“The investment bank, a giant in wealth management with $4 trillion in client assets, told its financial advisors Wednesday in an internal memo that it is launching access to three funds that enable ownership of bitcoin, according to people with direct knowledge of the matter,” CNBC reported on Wednesday. The opportunity is expected to open in April, according to the sources.

Bitcoin interest from mainstream finance has risen significantly over the past year or so, with players such as MicroStrategy, Tesla, and Square buying large stacks of BTC.

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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:

December close: $28,992January close: $33,141February close: $45,240March 17 price: $55,000

We are only 3.5 months into the #bitcoin bull market. IMO BTC will not stop at $100K and will continue to S2FX $288K average price level (ATH will be higher). pic.twitter.com/skS6a7pepu

— PlanB (@100trillionUSD) March 17, 2021

The oldest bank in America, Bank of New York Mellon, just invested in the #Bitcoin custodian company, Fireblocks!

BNY Mellon is one of the world’s largest custody banks, and they plan to hold, transfer, and buy #bitcoin for their asset management clients!

— Documenting Bitcoin 📄 (@DocumentingBTC) March 18, 2021

https://cointelegraph.com/news/288k-by-december-bitcoin-will-not-stop-at-100k-says-stock-to-flow-creator

https://www.forbes.com/sites/ninabambysheva/2021/03/18/bny-mellon-joins-133-million-in-series-c-in-bitcoin-custodian-fireblocks/?sh=ec0c6a334285&utm_source=TWITTER&utm_medium=social&utm_content=4600043182&utm_campaign=sprinklrForbesCrypto

https://cointelegraph.com/news/asia-s-microstrategy-meitu-drops-another-50m-on-eth-and-btc

https://cointelegraph.com/news/60k-bitcoin-price-back-in-sight-after-morgan-stanley-and-fed-announcements

https://cointelegraph.com/news/morgan-stanley-introduces-bitcoin-investing-for-millionaire-clients

BITCOIN PRICE OF 0K – 0K IS CONSERVATIVE!!! | CMDX Smart Currency Interview

By admin — 3 years ago

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A $250,000 – $500,000 Bitcoin price is conservative according to CMDX Smart Currency founder Tom McMurrain.

In this exclusive interview with our sponsor, Tom shares his thoughts on the future of BTC and the Cryptocurrency 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.

Why Bitcoin Price Could Rally 100% to ,000 by 2020 Halving | Painful Update to Crypto Investors

By admin — 3 years ago

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The Bitcoin price hasn’t fared too well over the past week; after hitting $10,000 last weekend, the BTC price of the leading cryptocurrency fell, tumbling from that key psychological resistance to a price as low as $8,450 (TradingView data) – a drop of 15%.

While there are a number of analysts hinting that this retracement is a precursor to a deeper correction, a growing number of commentators claim that Bitcoin (BTC) is on the verge of rallying 100% (or more) towards the previous all-time high of $20,000.

What’s even more interesting about these Bitcoin predictions is that a few traders expect such price action to transpire over a couple of months, not the years it took BTC to move out of a bull market in 2014-2015.

Could Bitcoin Really Hit $18,000 In the Coming Months?

Despite the fear floating around the crypto industry at the moment due to last week’s severe correction, Polar Hunt recently shared his analysis.

The analysis, which attempts to compare the price action between the market structure in 2014-2016 to the market structure, suggests that Bitcoin is currently “holding up nicely” against the previous market cycle.

BTC following the previous market cycle to T, per Polar Hunt’s charts, will mean the asset surging to $18,000 – a gain of over 100% from the current price of $8,550 – by the time of the block reward reduction in May 2020.

Veteran Trader Who Predicted Bitcoin (BTC) Rise to $100,000 Issues Painful Update to Cryptocurrency Investors

A veteran technical trader who was immortalized in the world of crypto for calling the top of Bitcoin’s last parabolic cycle is updating his views on the leading cryptocurrency.

In June of last year, Peter Brandt said BTC appeared to be at the start of a fourth parabolic phase, taking aim at $100,000.

“Bitcoin takes aim at $100,000 target. BTC/USD is experiencing its fourth parabolic phase dating back to 2010. No other market in my 45 years of trading has gone parabolic on a log chart in this manner. Bitcoin is a market like no other.”

As its price continued to rise in February, he said Bitcoin’s strong start to the year suggested an even larger moonshot could play out through 2021.

Since then, BTC has aggressively retraced from a high of $10,421 on February 12th to its current price of $8,669 at time of publishing.

Amid the downturn, Brandt says he still has a positive outlook on BTC – but the significant correction shows the painful truth: Bitcoin has yet to prove it’s on a parabolic path.

“I am constructive on BTC, but let’s look at facts. BTC has been in bear market for 26 months — not exactly a bull trend”

“I receive a ton of criticism, sarcasm and trolling because I change my mind on markets. Just to let you trolls know, I take my willingness and ability to change my mind quickly as a point of survival and pride as a trader.”

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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 are the stages an investor goes through in a liquidating market1. It’s a great stock. I believe in it2. I will buy more if it goes down more3. I will get out if I can break even4. I will get out if my loss is reduced

5. My opinion of the stock doesn’t matter. Let me out

— Peter Brandt (@PeterLBrandt) February 28, 2020

This is also holding up nicely and shows how this particular part of the marketcycle is “sideways” and therefor both hard to buy and hard to hold.

Im writing these posts to show you, but also to remind my self not sell any. I actually added to my stack this Friday. pic.twitter.com/VIG2a6OZ8q

— Polar Hunt (@polar_hunt) March 1, 2020

Here’s Why Bitcoin Could Rally 100% to $18,000 by the 2020 Halving

https://www.tradingview.com/chart/XBTUSD/Noakp7n5-Why-I-believe-Bitcoin-will-retest-All-Time-Highs-by-July-1-2020/

Bitcoin Drop Due to 13K BTC PlusToken Scam, Not Coronavirus – Analysts

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MicroStrategy Prepares To Purchase $1,030,000,000 in Bitcoin After Completing Debt Offering

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Grayscale Investments Scooped Up Over 17,000 BTC in the Last Seven Days

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GOLDMAN SACHS IS INVITING CLIENTS TO A BITCOIN CALL: HERE’S WHY THAT’S SO IMPORTANT

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Bitcoin Has 60X Market Expansion Potential, Says Crypto Investment Firm Galaxy Digital – Here’s Why

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“FIVE Tiny Cryptocurrencies That Could Turn $500 Into $5 Million… Thanks To A Crypto Market Phenomenon Guaranteed To Hit In Roughly 50 Days”

Bitcoin (BTC) Eyes Close above $14,000, According to Textbook Technical Indicator

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Morgan Stanley Introduces Bitcoin Investing For Millionaire Clients

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Could Bitcoin Really Hit $18,000 In the Coming Months?

Veteran Trader Who Predicted Bitcoin (BTC) Rise to $100,000 Issues Painful Update to Cryptocurrency Investors

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