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BLOOMBERG FORECAST: Bitcoin Set for Massive Bull Run!! 0K+ BTC Price On the Horizon!!

By admin — 3 years ago

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

Bloomberg just released its latest Bitcoin (BTC) outlook on the crypto markets.

Bloomberg Intelligence senior commodity strategist Mike McGlone says Bitcoin’s adoption among mainstream investors is on the rise.

He expects an advantageous macroeconomic landscape to sustain a Bitcoin bull run that will “dust” the Nasdaq.

“Increasing adoption and vehicles for exposure, and custody, are accelerating Bitcoin into the mainstream of investments. In a world of zero and negative interest rates and diminishing equity-price returns due to quantitative easing, the quasi currency stores of value – gold and Bitcoin – are finding increasing investor interest…

Bitcoin $10,000 Breach Set to Dust Nasdaq – Fundamentally bullish and breaking above key $10,000 resistance, Bitcoin has a solid foundation on the back of a steep correction and period of disdain, in our view.”

McGlone adds that Bitcoin’s growing fundamentals suggest BTC is solidifying its position as digital gold.

He says the leading crypto is no longer the highly speculative and unknown asset it once was, with the Bollinger Bands momentum indicator suggesting a burst to $13,000 is imminent.

In contrast, the Bloomberg Intelligence analyst says Ethereum’s hot streak is likely fueled by pure speculation as opposed to BTC’s fundamentally-driven growth.

“Ethereum has extended last year’s highs and leaped to one of the top-performing major crypto assets in 2020, but we view its rally as more speculative vs. the favorable demand vs. supply conditions supporting Bitcoin.”

McGlone says Ethereum is facing heavy competition from protocols that offer the same use case, as a total of 6,000 crypto assets of all sorts flood the markets.

He believes Bitcoin’s scarcity is the key factor driving its value and points to a two-year comparison of BTC’s performance compared to Ethereum, XRP and the altcoin market at large as a sign that BTC is the better long-term play.

Bitcoin is up 54% over the last two years, while Ethereum is down 4.5% and XRP is down 30%.

“It’s the unlimited supply of the broad crypto market vs. the relative scarcity of Bitcoin that will maintain buoyancy in the benchmark asset, in our view. About 90% of the 21 million available Bitcoins have been produced, leaving demand and adoption as the primary price-outlook gauges. Our indicators point positive for Bitcoin, while the basic rules of supply and demand leave little hope of broad-market price advancement.”

In June, McGlone made the case for why BTC may return to its all-time high of $20,000 this year.

In other trending Bitcoin News today:

Pantera’s Founder Foresees $100K+ Bitcoin On the Horizon

Dan Morehead is more conservative in his Bitcoin price predictions than his firm Pantera Capital, though both agree that it will hit $100,000.

Pantera Capital is the oldest Bitcoin investment firm in the United States.

When the company’s founder, Dan Morehead, was asked to make a Bitcoin price prediction during a recent interview, he first mentioned an investment letter published by the firm.

In this letter, based on the stock-to-flow model, the firm made the bold prediction that Bitcoin will hit $115,000 by August 2021.

Morehead thinks this is still possible, despite the fact that in just one year, the asset’s price would have to increase to nearly 10 times its current value.

Yet, his personal prediction is a little more modest, he said:

“My common response is it’s been growing at 209% for nine years, I think it’s going to grow at least 209% over the next couple years and that puts you at $100 000, probably in two years; but I do think that will happen.”

🔥 [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:

In fact, only one asset has offset the growth of the G4 balance sheet. Its not stocks, not bonds, not commodities, not credit, not precious metals, not miners. Only one asset massively outperformed over almost any time horizon.

Yup. #Bitcoin $BTC pic.twitter.com/wdoN6Qgaaz

— Raoul Pal (@RaoulGMI) August 6, 2020

When bitcoin was $4k in 2019, lot of big accounts were bearish, predicting $1k. However in DM mant said that if btc would rise to $6k, they would reconsider and switch to bull. That actually happened, we shot through $6k. Now many were bearish at $9k .. $13.5k will be interesting pic.twitter.com/6D5lArCC6c

— PlanB (@100trillionUSD) August 5, 2020

https://dailyhodl.com/2020/08/06/bitcoin-set-for-bull-run-that-will-dust-nasdaq-as-ethereum-xrp-and-altcoins-face-uphill-battle-bloomberg-forecast

https://cointelegraph.com/news/panteras-founder-foresees-100k-bitcoin-on-the-horizon

https://cointelegraph.com/news/raoul-pal-it-may-not-be-worth-owning-any-asset-other-than-bitcoin

,000 BITCOIN EXTENDED TARGET TRIGGERED!! YEAR-END GOLD AND BTC PRICE PREDICTIONS!!

By admin — 3 years ago

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

Crypto analyst spotted this strong Bitcoin bullish harmonic structure in an advanced form.

The pattern is pointing towards a $32,000 BTC price as the next bull run target.

Yesterday, Bitcoin price reclaimed its critical $12,000 resistance before suddenly dropping by $500 in seconds to fill futures gap.

A bounce off $11,500 saves investors from serious pain but $12,000 remains a problematic level to flip to support.

Data from Cointelegraph Markets and Coin360 showed BTC/USD nosedive 4% during Monday trading, bouncing off $11,500 and since returning to $11,700.

In doing so, Bitcoin neatly filled the latest gap in CME Group’s Bitcoin futures markets, which lay just below $11,700.

A classic move, Cointelegraph predicted on the day that markets would likely attempt to go lower on short timeframes to fill the gap, in line with standard behavior.

The event caused a dramatic spike in liquidations on derivatives giant BitMEX, data from monitoring resource Skew confirms.

For Cointelegraph Markets analyst Michaël van de Poppe, the sudden dip suggested that Bitcoin was returning to the pattern of behavior seen in recent months.

“Smaller timeframe chart explaining what just happened. Essentially, we’re back into the ranging gameplan,” he told Twitter followers.

“Ranging” within a certain price corridor has become a feature of BTC/USD in 2020, with recent gains upending a protracted period, which slowly narrowed to point — a process known as compression.

Going forward, lower levels could see a retest, with significant support just above $10,000 still apt to form the price floor, Van de Poppe thinks.

“Larger timeframe; still expecting such a scenario,” he continued.

“If we break $12K however, I assume we’ll see $13k.”

Attention will thus now focus on bulls’ ability to cement $12,000 as a support zone, something which has yet to occur on any meaningful level for Bitcoin.

Nonetheless, the latest weekly close marked the highest since January 2018 and the initial fall from Bitcoin’s all-time highs of $20,000.

In other trending Bitcoin News today:

‘Capital Flight out of Asia Is Taking Bitcoin Express’ Says Max Keiser

Capital flight out of Asia is one of major reasons for Bitcoin (BTC) hitting new 2020 highs in August, a major Bitcoin advocate believes.

Max Keiser, a famous American broadcaster and known Bitcoin bull, is confident that rising tensions in Asia are one of factors for Bitcoin’s rally up to $12,000.

In an Aug. 10 tweet, Keiser argued that Bitcoin is a solid method to move big amounts of money abroad while crossing borders.

According to Keiser, a number of people in Asia are using Bitcoin to move their money out of the continent as geopolitical tensions risk affecting markets.

“Capital flight out of Asia taking the Bitcoin express,” Keiser wrote. Comparing Bitcoin to gold — one of the world’s most popular safe-haven assets, Keiser argued that Bitcoin is one of the few ways to move a fortune abroad. Keiser said, “You can’t take it with you, unless it’s Bitcoin – then you can take IT ALL with you. (Something near impossible with gold).”

The news comes amid reports of Chinese citizens illegally crossing into the United States with $28,000 worth of gold bars.

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

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

Ledger: ► http://ledger.cryptonewsalerts.net

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

Show Notes / Resources:

#Bitcoin up as tensions rise in Asia

Capital flight out of Asia taking the #Bitcoin express

You can’t take it with you, unless it’s Bitcoin – then you can take IT ALL with you

(Something near impossible with Gold)

— Max Keiser (@maxkeiser) August 10, 2020

$BTC #BITCOINSmaller timeframe chart explaining what just happened. Essentially, we’re back in to the ranging gameplan.

Larger timeframe; still expecting such a scenario. If we break $12K however, I assume we’ll see $13k. pic.twitter.com/vjnJzJfVzC

— Crypto Michaël (@CryptoMichNL) August 10, 2020

https://www.tradingview.com/chart/XBTUSD/CtL1HlXn-Bitcoin-to-32k/

https://news.bitcoin.com/year-end-gold-and-bitcoin-price-predictions-from-regular-everyday-people/

https://cointelegraph.com/news/bitcoin-price-suddenly-drops-by-500-in-seconds-to-fill-futures-gap

https://cointelegraph.com/news/capital-flight-out-of-asia-is-taking-bitcoin-express-says-max-keiser

These Altcoins Are Poised to Outshine Bitcoin (BTC), Says Crypto Intelligence Firm | New ‘Altseason’

By admin — 3 years ago

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

These are the Altcoins that have outperformed the rest of the market including Bitcoin (BTC) in the past week as the DeFi craze gains steam.

Altcoins have started to record large gains across the board. Some small-cap coins have seen triple-digit percentage gains in recent weeks.

But several larger-cap cryptocurrencies have also been posting serious gains such as VeChain (VET), Stellar (XLM), Cardano (ADA) and Chainlink (LINK).

In the past week, VET, XLM, ADA, ALGO, LINK, BSV, ATOM, XRP, CRO and ETC outperformed the rest of the market including Bitcoin, which gained just 1.13% during the period.

Since March, both Bitcoin (BTC) and Ether (ETH) recorded gains of over 150%, reportedly fueled by a surge in retail demand as well as institutions.

Following the strong recovery of the top two crypto-assets, the momentum of many altcoins began to increase, particularly following the Bitcoin halving in mid-May.

VET ranked as the third-best performing crypto asset of the week. Some speculate that the participation of the VeChain team at a major conference might indicate a product announcement.

Others believe the rally derives from the anticipation of a potential Coinbase listing.

On June 11, Coinbase said that it is reviewing VeChain along with 19 other cryptocurrencies.

Mentioning VeChain, the exchange said:

“Today we’re announcing that we are exploring the addition of a range of new assets. As part of the exploratory process customers may see public-facing APIs and other signs that we are conducting engineering work to potentially support these assets.”

Stellar and Cardano are set to see major protocol updates, with Cardano’s hard fork scheduled to activate on July 30.

The hype around protocol upgrades and new product releases have buoyed the sentiment around top cryptocurrencies in recent weeks.

Other crypto assets, like Chainlink, for instance, have recently surpassed their record highs after a strong month in June.

The interest around LINK increased after it entered a price discovery phase.

Price discovery is a technical term for when an asset surpasses its all-time high into uncharted territory.

In other trending Bitcoin News today:

84% of Crypto Twitter Is Buying or Holding Bitcoin, Boosting Bull Case

There have been many analysts over recent weeks arguing that Bitcoin is clearly at a market top.

One trader commented that the cryptocurrency is trading in line with a textbook “distribution” pattern.

“A couple more clues developing that lend themselves to HTF distribution. 1. Rising Demand on the verge of failing. 2. Side by side, ascent vs descent with selling the dominant pressure from volume,” a trader said on the matter.

Yet data shows that long-term investors are unfazed. Namely, a majority of respondents to an impromptu Twitter poll has revealed that they’re still long on Bitcoin.

On July 9th, pseudonymous BTC analyst “PlanB” conducted a poll via his Twitter account, followed by over 100,000.

He asked his followers — which represent a good portion of Crypto Twitter — if they’re holding, buying, or selling Bitcoin.

The impromptu poll, which reached over 13,800 individuals, found that 65.6% of respondents are currently holding Bitcoin. 18.3% of the respondents are buying the cryptocurrency at the moment. And a mere 3.9% of the respondents are currently selling BTC.

🔥 [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:

These Altcoins Are Poised to Outshine Bitcoin (BTC), Reports Crypto Intelligence Firm

84% of Crypto Twitter Is Buying or Holding Bitcoin, Boosting Bull Case

https://cointelegraph.com/news/new-altseason-visualized-top-10-cryptos-outperforming-bitcoin

BITCOIN TO SURGE TO 0K IF BIDEN WINS EXPECT BTC ABOVE K BY INAUGURATION DAY SAYS MAX KEISER!!

By admin — 3 years ago

➡️ “The Crypto Catch-Up” – Teeka Tiwari Live Event: Register here: http://teeka.cryptonewsalerts.net

Bitcoin is set to reach $400,000 if Joe Biden wins the US presidential election, according to financial guru Max Keiser, RT host of the Keiser Report.

BTC is now set to surge far beyond its former all-time high, when it reached $20,000 in December 2017.

The popular crypto expert has predicted that Bitcoin will surge to $28,000 by the time of the inauguration day if Joe Biden is elected.

The US election and PLANdemic has caused major uncertainty in world markets with tech stocks and the US dollar falling in value.

Cryptocurrency guru Max Keiser shared the following tweets on Crypto Twitter:

“A Biden win* will lock China’s global supremacy, crash the USD, send BTC to $400,000 – as $100,000,000,000 in global managed funds start allocating into BTC to escape. Expect BTC well above $28k by Inauguration Day.”

“2016 Russian election influence categorically proven false 2020 Chinese election influence; by the time the hearings are over, will categorically be proven true. By which time, Bitcoin will be over $100,000. Are you ready?”

He also tweeted:

“A Biden win will trigger a stampede into Bitcoin as the global wealthy attempt to escape.”

The coronavirus PLANdemic has also affected Bitcoin with investors choosing to transfer their assets to safe heavens.

Confidence in Bitcoin has escalated after PayPal announced it would allow payments using the crypto-currency.

Speaking to CNBC Bitcoin investor Mike Novogratz also claimed a Joe Biden win would be good for cryptocurrencies.

He said: “Less fiscal, more Fed, good for crypto.

“We have crossed the Rubicon in crypto adoption, and we’re at the start of a really big bull market there. “You’re going to have every central bank issuing a digital currency within the next five years.”

If Mr Trump wins the 2020 US election it may lead to Bitcoin rising much slower than under his opponent’s administration.

In other trending Bitcoin News today:

“SQUARE AND GRAYSCALE ACCUMULATED $2.3B WORTH OF BITCOIN OVER Q3”

Bitcoin has undergone a strong surge over the past few months in the face of the worst economy in a few decades and much uncertainty.

From the March lows, the price of the leading cryptocurrency has rocketed higher by around 350%, outperforming most other macro assets.

BTC currently trades for $15,700, far above the 2019 highs and almost at the 2018 highs.

The leading cryptocurrency has gained 50% in the past 30 days alone, managing to gain steam despite bearish news events.

This strong rally in the Bitcoin price seems to be related to institutional and retail accumulation.

Ikigai Asset Management’s Hans Hague recently noted that per his analysis, Square and Grayscale alone have accumulated $2.3 billion worth of Bitcoin in the past quarter.

Grayscale is a digital asset manager, the world’s largest, while Square is the fintech company that offers Bitcoin purchases for its clients via the Cash App.

To put this amount of BTC into context, Bitcoin miners brought in around $1 billion worth of BTC over the course of the past quarter.

This suggests that with Grayscale and Square’s inflows alone, there was a shortfall of $1.3 billion BTC, which likely contributed to the upside.

“In 2020-Q3, Bitcoin Miners brought in just under $1 Billion USD. That’s new BTC + Fees. Square and Grayscale alone took in $2.3 Billion USD. That’s a 1.3 Billion USD Shortfall. Supply and Demand.”

🔥 [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:

A Biden win* will lock China’s global supremacy, crash the $USD, send #BTC to $400,000 – as $100,000,000,000 in global managed funds start allocating into BTC to escape. Expect BTC well above $28k by Inauguration Day. ————————————-

*Contested

— Max Keiser (@maxkeiser) November 6, 2020

2016 Russian election influence categorically proven false 2020 Chinese election influence; by the time the hearings are over, will categorically be proven true

By which time, #Bitcoin will be over $100,000

Are you ready?

— Max Keiser (@maxkeiser) November 6, 2020

Square and Grayscale Accumulated $2.3b Worth of Bitcoin Over Q3

It’s a “Matter of Time” Before Bitcoin Hits $20,000: Analyst

BTC Halving 2020 | Two Years of Upside? Bitcoin Yearly Candles Hint Explosive Price Growth Incoming

By admin — 3 years ago

➡️ $274 Million Secret: Larry Benedict Live Event (Register Below)
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With the next BTC halving 2020 event just 5 months out, the Bitcoin price might be a long way off its 2019 high of almost $14,000 but this year has still seen the BTC price gain 94%.

The year opened with the leading cryptocurrency trading at just below $3,800, considerably less than its current price of around $7,300.

Although yearly price data is clearly limited, if previous years are anything to go by Bitcoin (BTC) looks set to post two more years of gains.

There seems a pattern emerging that sees a year of decline follow three years of upside.

Some traders and market analysts believe that the next halving will result in another parabolic run up in Bitcoin prices, like those seen in 2017 and 2013.

PlanB argues that the reduction of new Bitcoin regularly hitting the market will eventually see the price rise to around $55,000 per Bitcoin.

The analyst makes no prediction as to when this will occur. However, given that the stock-to-flow theory of Bitcoin’s value centers around the halving events every four years, if PlanB’s prediction comes true, we will see a $55,000 Bitcoin at some point within the four years following May 2020.

🔥 [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:

TOM LEE: BITCOIN ETF ONLY POSSIBLE IF BTC PRICE BREAKS 0K!!!

By admin — 3 years ago

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Tom Lee in a recent interview with BLOCKTV said, “The Bitcoin (BTC) price has to be about $150,000 to be liquid enough for a related exchange-traded fund (ETF).”

According to Thomas Lee, co-founder of market research firm Fundstrat, “A Bitcoin ETF is a few years away from now.”

“An ETF is likely to generate close to 13 billion dollars of demand the first year, and that’s a massive demand imbalance to available supply.”

🔥 [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.

News Resources From Today’s Show:

Bitcoin ETF Only Possible if Price Breaks $150K, Tom Lee Says

https://www.tradingview.com/chart/BTCUSD/izJdUZVG-BITCOIN-Bottom-in-December-See-this-scary-coincidence/

KRAKEN PREDICTS IMMINENT ,000 BITCOIN (BTC) RALLY!! CHAINLINK TARGETING BY END OF 2020!!

By admin — 3 years ago

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

Major United States-based crypto exchange Kraken has released a report predicting that the Bitcoin (BTC) price will rally by between 50% and 200% in the coming months.

The report notes that Bitcoin posted a 21-month low for volatility on July 24 of just 23%, and stated that BTC’s 12 historic volatility lows (of between 15% and 30%) have typically been followed by a rally of 140% on average.

With August usually the third-most volatile month for BTC price fluctuations, Kraken is predicting that upward momentum produced by Bitcoin at the end of July will continue for several months to come.

Kraken emphasized that Bitcoin’s recent rally resulted in the second-strongest July for BTC price performance since 2011, noting that July was usually the third-weakest calendar month for Bitcoin.

Bitcoin’s 14.5% jump between July 27 to July 31 drove the month’s overall performance to a 24% gain, positioning the market for continued momentum, according to Kraken. Prior to the move, July produced what the report describes as a “suppressed pocket” of weak volatility.

Ten of the 12 past instances of Bitcoin entering a suppressed pocket have been followed by gains exceeding 196%.

Kraken estimates that 44% of July’s total trade volume transpired during the final seven days of the month.

The report also notes that Bitcoin’s rolling 30-day correlation with gold jumped to a one-year high of 0.93 on July 31.

The spike comes after the monthly correlation fell to a 10-month low of -0.66 on July 2, contradicting predictions that gold and Bitcoin would emerge as popular “safe-haven” assets and move in-step throughout the COVID-19 pandemic and recession.

In other trending Bitcoin News today:

Analyst: Chainlink Targeting $32 by End of 2020 Amid Booming DeFi Market

ChainLink’s (LINK) raging bull market may have more upside potential, according to one alternative investment analyst.

Timothy Peterson, a chartered financial analysts, says LINK, which is now the sixth-largest cryptocurrency after posting gains of over 500% in a year, appears ready to continue its parabolic rally and move higher by the end of 2020.

“Did some quick analysis of Chainlink‘s network growth rate and historical deviations in price put LINK at $32 by end of year.”

At that price, however, Peterson stresses that LINK would have difficulty sustaining it’s bullish momentum.

“Investors who buy at high levels risk losing 50% of their investment or more. Most growth priced in already.”

ChainLink is a decentralized oracle network that connects real-world data such as interest rates and exchange rates to smart contracts on the blockchain.

The boom in the decentralized finance (DeFi) over the last few months has helped fuel the growth of parallel projects like ChainLink.

Michael Anderson, the co-founder of Framework Ventures, tells Forbes that the importance of oracle networks has become more apparent now that billions of dollars are locked up in DeFi products that rely on smart contracts.

“We believe the value of LINK will track the value of the smart contract platform it is securing, meaning the long term market cap of LINK will eventually be larger than Ethereum’s current market cap today.”

DeFi Pulse shows that from early June, the total value locked in DeFi protocols grew from a little over $1 billion to almost $5 billion.

🔥 [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:

6/ The move above $11K is also significant because it:

+ Breaks #BTC out of its 2.5-year “pennant” formation (what many believe to signal the next bull market cycle)

+ Makes a higher-high in the macro trend

+ Enters territory #Bitcoin has only occupied for 2.5% of its lifetime pic.twitter.com/j3Bw5EzSg9

— Kraken Exchange (@krakenfx) August 11, 2020

Did some quick analysis of #chainlink‘s network growth rate and historical deviations in price put $LINK at $32 by end of year, but that price would not be sustainable. Investors who buy at high levels risk losing 50% of their investment or more. Most growth priced in already.

— Timothy Peterson (@nsquaredcrypto) August 9, 2020

Chainlink (LINK) Soars 30% To New ATH, Dethrones Bitcoin Cash Spot

Analyst: Chainlink Targeting $32 by End of 2020 Amid Booming DeFi Market

https://www.coindesk.com/coinbase-to-offer-bitcoin-backed-loans-to-us-customers

https://cointelegraph.com/news/boom-kraken-predicts-imminent-bitcoin-price-rally-of-up-to-200

https://kraken.docsend.com/view/grpqdjb9c3h59i87

BITCOIN IS UNDERVALUED, FAIR VALUE SHOULD BE K SAYS BLOOMBERG!! BTC COULD HIT NEW YEARLY HIGH!!

By admin — 3 years ago

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

Bloomberg cryptocurrency analyst Mike McGlone says the Bitcoin price is greatly undervalued, suggesting that the fair BTC value price should currently be somewhere around $15,000.

The BTC price has see-sawed between $10,000 and $12,400 over the last few weeks, often tumbling sharply following what one pundit described as “fake” breakouts.

The latest rout saw Bitcoin crash more than 8% within days from over $11,000 to $10,100.

McGlone, a senior commodity strategist at Bloomberg, based his arguments on various factors, including bitcoin’s rising hashrate, which continues to hit new records, industry media report.

The Bitcoin hashrate continues to increase and recently reached new highs.

Also advancing are addresses used.

A top metric for adoption, the 30-day average of Bitcoin addresses is equivalent to the price closer to $15,000 when measured on an autoscale basis since 2017.

Meanwhile, the number of active bitcoin addresses has soared to 991,000, Glassnode data shows, up from 684,000 at the beginning of this year, when the asset’s price averaged around $7,700.

When active addresses hit nearly 1.1 million on December 23, 2018, bitcoin traded for $14,800, on the average.

McGlone has remained upbeat about bitcoin throughout its volatile swings, at a point suggesting this is to be the year that the top crypto will become a digital version of gold, a prime store of value.

In his new analysis, he admits there might be pitfalls curtailing BTC’s price growth going forward – and that would have to be a reversal of the on-chain metrics related to “the hashrate and active addresses.”

In other trending Bitcoin News today:

Bitcoin Could Hit New Yearly High on US Election Risks, Hints Citibank

Report New Citibank report hints that the Bitcoin price could hit a new year-to-date (YTD) high, abetted in part by the risks surrounding the US presidential election.

The analogy takes cues from a quarterly commodity outlook published by Citigroup.

The American banking giant specifically based its report on gold and its potential behavior amid the election season this November.

It noted that the precious metal may rise to a new yearly high, stating that the market is underplaying the asset’s ability to grow against the election’s uncertainty.

Bitcoin, which has erratically tailed the gold market since March 2020, fell this week against a similar geopolitical outlook.

The cryptocurrency briefly touched $10,100 as the Federal Reserve Chairman Jerome Powell warned about their inability to support the US economy without the second coronavirus stimulus package.

The US Congress delayed the long-awaited financial aid as the Democrats and Republicans argued over the size of the help.

Many economists and analysts anticipated that the second stimulus package won’t arrive before the presidential election.

The said delay appeared even as the US reported a historically high unemployment rate, a rise in the number of bankrupted small and medium-sized businesses, a resurgence in coronavirus cases.

That further led investors to park part of their capital back into the US dollar.

It overall reduced the appeal of other safe-haven and risk-on assets.

As a result, Bitcoin, gold, and stocks gave up part of their gains to the stronger dollar outlook.

But for Citibank, there is still room to grow, at least for gold.

The bank wrote in its report:

“The election could be an extraordinary catalyst for gold flat price and volatility skew late in the fourth quarter, even though historically there is no clear pattern for gold trading or price volatility into and after U.S. elections. That is one reason why we expect gold prices to hit fresh records before year-end.”

🔥 [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:

Wow check out #Bitcoin yearly lows, way more more interesting than it’s highs! 😎 Do you agree? 2010 – $0.012011 – $0.302012 – $42013 – $652014 – $2602015 – $1502016 – $3502017 – $7802018 – $3,1222019 – $3,322

2020 – $3,850

— carolina (@carolinaninap) September 24, 2020

Year-to-date asset performance:

+ 44% : #Bitcoin

+ 29%. : Gold+ 18%. : Nasdaq+ 15% : US 10-year Treasury+ 6% : S&P500– 3% : Dollar Index

– 36% : Crude Oil

— Cryptowatch (@cryptowat_ch) September 24, 2020

https://news.bitcoin.com/bitcoin-is-undervalued-fair-value-price-should-be-at-15000-says-analyst/

https://cointelegraph.com/news/3-reasons-why-traders-turned-bullish-after-bitcoin-price-surged-to-107k

BITCOIN PATTERNS MIRROR EARLY DAYS OF EPIC 4,400% BTC RALLY!! NEW DEFI CRYPTO NEXT TO EXPLODE!!

By admin — 3 years ago

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

Digital Asset Manager Grayscale says current investment patterns in Bitcoin mirror trends present in early 2016, when BTC kicked off an astronomical 4,400% rally to its all-time high in less than two years.

Phil Bonello, Grayscale’s director of research, reports that there is a growing number of investors holding on to their Bitcoin.

In Grayscale’s Holder vs. Speculator Index, the percentage of holder coins – BTC that have not moved in one to three years – is on the up and up. Meanwhile, the percentage of speculator coins – BTC that have moved in the last 90 days – is on a decline, much like in 2016.

According to Bonello, an increase in holder coins is a potential bullish indicator, while an increase in speculator coins looks bearish.

Bonello also notes that there has never been a higher level of Bitcoin held for more than one year.

“This metric indicates a strong conviction in Bitcoin by its current investor base. While this is a supply-side metric, it also demonstrates the demand for Bitcoin’s use case as a store of value – rather than trading, it appears investors are interested in holding Bitcoin despite its volatility…

This report is intended to help investors visualize why Bitcoin may be more important than ever; we explore Bitcoin’s value indicators, delineate its substantial supply/demand imbalance, and extrapolate how these factors may create a tailwind for Bitcoin’s adoption and price. This analysis indicates that the current Bitcoin market structure parallels that of early 2016 before it began its historic bull run.”

The researcher does caution that significant off-chain activity may decrease the efficacy of these metrics.

Bitcoin’s price in January 2016 stood at about $434.

In less than 24 months, the king crypto went on to skyrocket over 4,431%, en route to its all-time-high of $19,665, according to CoinGecko.

In other trending Bitcoin News today:

New Crypto Asset Could Be Next DeFi Unicorn to Explode, Says Bitcoin Analyst Nicholas Merten

DataDash founder and Bitcoin analyst Nicholas Merten says a new crypto asset is poised to become the next decentralized finance (DeFi) unicorn to erupt.

Merten says he’s betting big on Ampleforth (AMPL) as he believes the coin is relatively undervalued.

The crypto strategist highlights that AMPL has already gone through close to an 80% correction in terms of market capitalization.

Merten says the pullback has put AMPL in a position to restart its bull cycle as the DeFi asset is flashing bullish signals.

Based on Merten’s chart, the coin’s market cap can explode over 430% in the coming months.

Ampleforth bills itself as an “adaptive base-money.”

According to Merten, the number of AMPL in circulation adjusts based on demand.

“The balance of Ample can increase or decrease and it uses a very similar kind of mechanism some might be familiar with in regards to DAI… In this case, as price goes up, they increase the overall supply in the network and along with that as well, when you see a decrease in price, in this case, the overall supply decreases as well. It’s supposed to provide [the] pressure of limiting the supply on the market and vice-versa.

When price goes up, you have more coins in the market. People are actually, as they’re holding it, not only is price going up, maybe above the peg but along with that, they’re getting extra coins. In this case, there’s a pressure to sell.”

🔥 [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:

If you put $1.25M into $BTC today you could literally have $70M in three yearsIt’s a mathematical fact, don’t question it The 6 figures / day you make in the stonk market will seem irrelevant

also the magnet is there for more than just a cosmetic affect pic.twitter.com/ZQ9c0Y6o0N

— RookieXBT 🧲 (@RookieXBT) August 22, 2020

Just to clarify I put in 1.25 million and lost 20k. My money was just better at work in the real stock market where I make 6 figs everyday. https://t.co/5v7Jg2SZYo

— Dave Portnoy (@stoolpresidente) August 22, 2020

https://grayscale.co/wp-content/uploads/2020/08/Grayscale_Valuing_Bitcoin.pdf

https://dailyhodl.com/2020/08/22/new-crypto-asset-could-be-next-defi-unicorn-to-explode-says-bitcoin-analyst-nicholas-merten/

https://dailyhodl.com/2020/08/22/bitcoin-patterns-mirror-early-days-of-epic-4431-rally-began-according-to-digital-asset-manager-grayscale/

561: BITCOIN WILL SHATTER $300K THIS CYCLE, SAYS TOP TRADER!! ALTCOINS CAN SURGE 27,000% HIGHER IN 2021!!

By admin — 3 years ago

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

Prominent crypto trader and strategist Michaël van de Poppe reveals his bold Bitcoin price top prediction for this BTC bull market cycle:

“Are we going with Bitcoin towards $300,000 or $500,000? I guess we will because if you look at the valuation of gold at this stage, it’s about $12 trillion. If you calculate that for Bitcoin at this stage, it’s already about $500,000 that we’re going to hit. So if we are going to have a top this cycle for Bitcoin, I guess it’s going to be above $250,000 and closer to $350,000-$450,000 and I guess it will also be longer than this year. I guess we will have more substantial sideways periods.”

In other trending Bitcoin News today: Altcoins just repeated a move that could launch them 27,000% higher in 2021!

“How much would an altcoin market be worth were it to reach 27,623% of its 2017 height? A princely $152.6 trillion.”

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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:

eBay Exploring Crypto Payments for 187 Million Buyers

https://cointelegraph.com/news/altcoins-just-repeated-a-move-which-could-launch-them-27-000-higher-in-2021

https://cointelegraph.com/news/glassnode-predicts-btc-rally-as-stablecoin-supply-tags-record-highs

https://cointelegraph.com/news/3-reasons-why-bitcoin-is-on-shaky-ground-after-failing-to-retake-60k

Pantera’s Founder Foresees $100K+ Bitcoin On the Horizon

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‘Capital Flight out of Asia Is Taking Bitcoin Express’ Says Max Keiser

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84% of Crypto Twitter Is Buying or Holding Bitcoin, Boosting Bull Case

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“SQUARE AND GRAYSCALE ACCUMULATED $2.3B WORTH OF BITCOIN OVER Q3”

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News Resources From Today’s Show:

Analyst: Chainlink Targeting $32 by End of 2020 Amid Booming DeFi Market

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Bitcoin Could Hit New Yearly High on US Election Risks, Hints Citibank

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New Crypto Asset Could Be Next DeFi Unicorn to Explode, Says Bitcoin Analyst Nicholas Merten

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