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BITCOIN (BTC) LIKELY ON VERGE OF A FULL-BLOWN BULL RUN: ON-CHAIN ANALYTICS

By admin — 3 years ago

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Are you ready for a full-blown Bitcoin Bull Run?

Since the $3,700 bottom seen in the middle of March, BTC has rocketed higher, rallying as high as $7,470 in an impressive fashion.

While impressive, Bitcoin is not yet in a full-blown bull run, with there existing a confluence of resistance overhead the BTC price, analysts are gaining confidence a bull run is near.

Glassnode, a leading cryptocurrency data firm, suggested that per one of its proprietary indicators that accurately timed the Bitcoin price market tops, a full-blown “bullish trend reversal” may soon be confirmed. While the crypto market often moves without rhyme or reason, its trends can be tracked and traced by looking at on-chain data.

According to Glassnode, one of its on-chain indicators, the Short-Term Holder Net Unrealized Profit/Loss (STH-NUPL), is indicating that Bitcoin (BTC) remains in a bear trend, with short-term holders found to be in “capitulation.”

The firm indicated that once the indicator enters into a stage of “hope,” which means that short-term Bitcoin investors will be in profit, it will likely be confirmed that BTC has seen a “bullish trend reversal” and will enter back into a cycle of growth as opposed to weakness.

Although Glassnode’s indicators do not suggest a bull market has started, prominent analysts are certain that this phase of the market cycle is very near.

Speaking to Bloomberg TV this Monday, Mike Novogratz — CEO of Galaxy Digital and a former Goldman Sachs partner — remarked that he remains long on gold and Bitcoin, citing two fundamental trends:

* Stimulus by central banks and governments: Governments and central banks around the world have kicked into overdrive over the past few weeks to combat the economic effects of the coronavirus outbreak. They have been printing money en-masse, airdropping money to citizens, bailing out businesses, and much more. Novogratz claims that this makes Bitcoin and gold look better, citing their scarce nature.

* Institutional adoption: Another thing that Novogratz signaled is that he’s bullish on Bitcoin because he’s seen it is in the midst of seeing strong adoption from institutional players, specifically pointing towards high-net-worth individuals and hedge funds entering the industry.

While he didn’t mention his prediction in this latest interview with Bloomberg, Novogratz last week told CNBC that he remains certain Bitcoin will pass $12,000 in October, then eclipse its previous all-time high of $20,000 by the end of the year.

“This is the year of Bitcoin and if it doesn’t go up now by the end of the year, I might just hang my spurs.”

What Novogratz is saying is that he thinks if the bull run hasn’t started already, it’s near.

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

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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:

Major changes in Tether’s Market Cap have led Bitcoin’s price over the last 1.5 years.5 January 2020 was no different. A healthy signal.

Keep it printing 🖨️ pic.twitter.com/dfe0dBJzwh

— Charles Edwards (@caprioleio) January 13, 2020

Even After 80% Rally, Data Shows Bitcoin’s Bull Run Is Just Beginning

Bitcoin Likely on Verge of a Full-Blown Bull Run: On-Chain Analytics

Bitcoin Price Plummets Below ,000 To 1-Year Low | BTC Under #post_titleK Is Possible Warns Peter Brandt

By admin — 3 years ago

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BITCOIN PRICE PLUMMETS TO $3,858 ON COINBASE

On Friday morning, many crypto exchanges saw the BTC price tumbling to a daily low at around $3,800, after which it quickly returned to above $4,000.

On Coinbase, the king of crypto hit a daily low at $3,858, while on Bitfinex it stopped at $4,001.

The last time when Bitcoin (BTC) was trading below $4,000 was in April 2019, so the cryptocurrency touched the lowest level in almost a year.

This is by far one of the worst weeks for Bitcoin. Since Monday, it has lost 53% to its recent bottom. Last Friday, it traded above $9,100, and has lost 58% since then.

However, most of the pain came yesterday, when bears tested one support level after another.

Initially, Bitcoin fell to around $7,500, which was a strong support line of an uptrend that started to form in April last year.

Once it broke below it, the price plummeted and ignored any logic. Bulls were crashed and the updating lows imposed traders to close their positions en masse, which fueled the panic.

Panic has been the norm this week not only for the crypto market. The stock markets also crashed to multi-year lows, with US and European indexes experiencing their worst declines in over 30 years.

The trigger point of all this economic horror is the coronavirus outbreak that started in China and spread to Europe, South Korea, Iran, and other regions.

The price war between Saudi Arabia and Russia has also had an impact, as oil prices crashed 30% on Monday, which was the biggest single-day decline since the Gulf War in 1991.

The crypto market couldn’t remain indifferent to the economic shock and has lost half of its value this week, falling to below $140 billion.

It has lost over $90 billion in the last 24 alone.

Bitcoin Under $1K Is Possible Warns Veteran Trader Peter Brandt Veteran trader Peter Brandt — who is famous for correctly predicting the market crash from the all time high — today tweeted an answer that no one wanted to hear in response to an inquiry about the new ‘bottom’ for Bitcoin due to coronavirus.

Brandt said that if he looks at the Bitcoin chart “without bias” the new bottom is potentially “sub-$1,000”.

That’s almost 80% below the current price, which is just under $5000.

The one time commodities analyst is no crypto skeptic — in fact, he’s often more bullish than bearish about Bitcoin, and believes that parabolic increases in the Bitcoin chart could see it hit $140,000.

Brandt also correctly tipped a price spike during the depths of crypto winter shortly before the Bitcoin price doubled in mid-July.

🔥 [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 I interpret the chart without bias, I would say sub $1,000

— Peter Brandt (@PeterLBrandt) March 12, 2020

This is the first time in a while I’ve felt like buying bitcoin. That drop was too much panic and too little reason.

— Edward Snowden (@Snowden) March 13, 2020

Bitcoin just jumped $1,800, 40%, in three minutes on Coinbase.

What. The. Hell.

— Nick Chong (@_Nick_Chong) March 13, 2020

No, Bitcoin as a store of value isn’t dead just because it had a super shitty day. No, Ethereum and defi aren’t dead just because they had a super shitty day. In the coming months the world will see what anti-fragile means.

— Erik Voorhees (@ErikVoorhees) March 13, 2020

Bitcoin Surges 40% In Minutes After Briefly Breaking $3,900

Bitcoin Dips Below $4K to 1-Year Low, What’s Next?

https://cointelegraph.com/news/us-fed-unveils-15t-rescue-injection-but-will-bitcoin-price-rebound

https://cointelegraph.com/news/bitcoin-under-1k-is-possible-warns-veteran-trader-peter-brandt

https://cointelegraph.com/news/edward-snowden-feels-like-buying-bitcoin-amid-price-crash

WHY BITCOIN SHOULD TECHNICALLY HIT ,000 BEFORE NOVEMBER 1ST!! 4k BTC PRICE IN 4 YEARS!!

By admin — 3 years ago

➡️ September 9th – Teeka Tiwari’s ‘Set For Life’ Summit: Register here: http://teeka.cryptonewsalerts.net

The underlying reason for Bitcoin (BTC) hitting $28,000 by November 1, 2020, is based on historical data and not just an analyst’s prediction.

Bitcoin’s volatility is a well-known aspect of the asset and the fact that this aspect is high is what’s preventing it from becoming an everyday unit of exchange/account or in simple terms – money.

Arguing the soundness of Bitcoin is for another day, however, what’s important is this historical data that suggests an average BTC return of 196% after a certain condition has been met.

According to Kraken’s August volatility report, there are “suppressed pockets” which represent bitcoin volatility slump between 15% to 30%.

To date, bitcoin has only every hit these pockets 12 times, and every time bitcoin slides into these pockets, it reverses to the mean, which happens to be a 315-day moving average.

In other words, after sliding into these pockets, volatility has seen an average surge of 140%.

What’s interesting is the price implication of this volatility suppression and eventual expansion.

It was observed that the price saw an average surge of 196% over the next 90 days.

On two separate occasions – 2014 and 2018, the returns were -60% and -45%., hence, there is an 83% chance of price surging 196%.

Considering the last dip in the pocket was July 24, 2020, and the surge as of writing was only 4.36%, there is a lot of upside for Bitcoin.

196% surge from July 24, over the next 90 days should put bitcoin between the $28,000 and $30,000 range and on October 22, 2020.

This would mean the Bitcoin price has to surge a 4.2% surge every day to hit the target of ~$30,000.

In other trending Bitcoin News today:

PlanB: $700,000,000 Investment in Bitcoin Industry Shows New Phase of BTC’s Financial Takeover Underway

Recent Bitcoin developments have convinced popular analyst PlanB that Bitcoin is entering a new phase of adoption.

The anonymous trader and creator of the stock-to-flow Bitcoin model points to a Reuters report that Kazakhstan has been in talks to attract more than $700 million worth of investments into the cryptocurrency sector.

The oil-reliant central Asian country offers BTC miners cheap electricity rates and reportedly accounts for more than 6% of the total Bitcoin hashrate across the globe, according to a report published in the Cambridge Centre for Alternative Finance.

PlanB also points to last month’s news that MicroStrategy, the largest publicly-traded business intelligence company, had used $250 million of its balance sheet capital to buy Bitcoin.

“This is a game changer: Nasdaq-listed company with $250M Bitcoin (25% of assets, 15% of market cap) is basically a Bitcoin ETF! Shareholders have 15% BTC exposure and 85% tech. No capital charges (like banks & pension funds), no SEC approval needed (like ETF).”

PlanB recently told cryptocurrency podcaster Peter McCormack that he actually made a conservative bet when he predicted that BTC will hit $288,000.

Instead, he says it could meteorically rise to $864,000 in four years.

“I’m on $288,000 as an average value. $100,000 would be very nice, too. But if you just follow the math, if you just follow the data, and I don’t mean the time-series model. So we’re not looking at Bitcoin only. We’re looking at gold, silver, diamonds, real estate, all that stuff.

It’s $288,000. That’s an average value. It could overshoot, like three times, like it did the last phases. I don’t want to mention the number. I try to be conservative all the time. But let’s say a 2x or a 3x from that $288,000, and then it crashes again, of course.”

🔥 [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:

💥💥💥This is a game changer: Nasdaq listed company with $250M bitcoin (25% of assets, 15% of market cap) is basically a bitcoin ETF!Shareholders have 15% BTC exposure and 85% tech. No capital charges (like banks & pension funds), no SEC approval needed (like ETF)

So it begins https://t.co/UepeYeOqbI

— PlanB (@100trillionUSD) August 27, 2020

#phase5 https://t.co/03h07lkiiU

— PlanB (@100trillionUSD) September 5, 2020

Futures bounce back significantly in the U.S. Europe also bouncing back up.

Might signal a slight relief on $BTC as well towards the area of $10,600-10,800.

— Crypto Michaël (@CryptoMichNL) September 9, 2020

Why Bitcoin should technically hit $28K before November 1?

https://dailyhodl.com/2020/09/08/planb-700000000-investment-in-bitcoin-industry-shows-new-phase-of-btcs-financial-takeover-underway/

https://cointelegraph.com/news/stocks-may-push-bitcoin-to-108k-says-trader-as-usd-bull-run-falters

ETHEREUM 2.0 CRITICS CALL THE ENTIRE NETWORK “A SCAM”!!!! | Vitalik Buterin Enters ‘Beast Mode’!

By admin — 3 years ago

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Vitalik Buterin enters ‘Beast Mode’ with the deadline for the gradual launch of Ethereum 2.0 just around the corner.

In other Cryptocurrency news today:

The Bitcoin price pumps to $8,800, only to crash $500 back down to $8,800 in a ‘Logistical Move’ according to Crypto trader Scott Melker.

Are Altcoins ready to explode?!

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🔥 [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.

News Resources From Today’s Show:

Ethereum 2.0 Critics Call The Entire Network “a Scam”

Buterin in ‘Beast Mode’ as Work on Ethereum 2.0 Continues

https://cointelegraph.com/news/bitcoin-price-hits-88k-only-to-crash-in-a-logistical-move-trader

BITCOIN PRICE WILL HIT 0K, Says Cardano (ADA) Founder Charles Hoskinson | BTC News Today

By admin — 3 years ago

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Ethereum (ETH) co-founder turned Cardano (ADA) creator Charles Hoskinson said that he expects the Bitcoin price to be back over $10,000 and reach $100,000 in the future.

In a tweet published on Nov. 22, Hoskinson urged the cryptocurrency community that Bitcoin (BTC) is more than speculation, putting the blame on the latest drop in price on news media “FUD” – or fear, uncertainty and doubt – and market manipulation.

He tweeted…

“Bitcoin’s price is going down? Remember everyone, after the FUD, news trading and manipulation clears out, we still have a global movement that’s going to change the world. We will see 10k btc again and welcome 100k. Crypto is unstoppable. Crypto is the future”

In other BTC news today:

Will the Bitcoin price plunge further? Analysts target $6,000.

BTC continued its downward slide and did not stop at $7k.

Support was smashed again and the king of Cryptocurrency fell into dangerous ground with a wick down to $6,800.

This is its lowest level since mid-May when things were all in the opposite direction.

🔥 [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’s price is going down? Remember everyone, after the FUD, news trading and manipulation clears out, we still have a global movement that’s going to change the world. We will see 10k btc again and welcome 100k. Crypto is unstoppable. Crypto is the future pic.twitter.com/9vlgH4S7u2

— Charles Hoskinson (@IOHK_Charles) November 22, 2019

Will the Bitcoin Price Plunge Further? Analysts Target $6,000

https://www.ccn.com/cardano-creator-sets-100k-price-target-for-bitcoin/

https://cointelegraph.com/news/crypto-is-unstoppable-bitcoin-will-hit-100k-says-cardano-founder

BITCOIN COULD SHATTER 4K BY 2024, SAYS PLANB!! MAX KEISER REAFFIRMS 0K BTC PRICE PREDICTION!!

By admin — 3 years ago

➡️ September 9th – Teeka Tiwari’s ‘Set For Life’ Summit: Register here: http://teeka.cryptonewsalerts.net

Crypto analyst PlanB says the Bitcoin price could eclipse the prediction of his controversial stock-to-flow model (S2F) and meteorically rise to a BTC price of $864,000 in four years.

In an interview with cryptocurrency podcaster Peter McCormack, the quantitative analyst says he actually made a conservative bet when he predicted that Bitcoin will hit $288,000.

“I’m on $288,000 as an average value. $100,000 would be very nice, too. But if you just follow the math, if you just follow the data, and I don’t mean the time-series model.

So we’re not looking at Bitcoin only. We’re looking at gold, silver, diamonds, real estate, all that stuff. It’s $288,000. That’s an average value.

It could overshoot, like three times, like it did the last phases. I don’t want to mention the number. I try to be conservative all the time. But let’s say a 2x or a 3x from that $288,000, and then it crashes again, of course.”

PlanB also highlights the significance of getting a publicly-listed company to purchase hundreds of millions of dollars worth of BTC as a hedge against inflation.

“I noticed a lot of people didn’t see the importance of what MicroStrategy did but because it’s a listed company, it means that people can put Bitcoin or well [get] Bitcoin exposure in their pension funds.

They could just call their broker and, they can’t say ‘Well, get me some Bitcoin in my pension fund.’ But they can say, ‘Get me these and these and these companies. I want to have those in my pension scheme.’ In that way, you could see MicroStrategy as an ETF.”

Meanwhile, the crypto analyst remains confident in his S2F model and stresses the fact that it is following the script so far.

PlanB also notes that the king crypto is starting to seriously pique the interest of big-money players.

“We now are seeing pull from clients, from people that go to Fidelity and all the big players and ask for Bitcoin in their pension fund.”

But, the widely-followed analyst emphasizes that the S2F model is not infallible.

“The model can fail. It’s a model right. It’s a theory. It’s more to describe something and it’s quantitative so that helps. But it is a model. It can fail. Bitcoin will not fail. I don’t believe that.”

As for the Bitcoin’s current correction, PlanB says that the pullback is meant to scare new investors.

“Small Bitcoin test to shake out weak hands that entered May-Aug. If you can’t handle this, get out now. If you can, welcome to the club! Things to watch –will this be the first dip that stays above $10,000 – will we see a fast V-shape recovery next days.”

In other trending Bitcoin News today:

Max Keiser Reaffirms His $400K Bitcoin Price Prediction

In a recent interview with Cointelegrpah, Max Keiser, host of the Keiser Report reaffirms his Bitcoin $400K prediction while ETH, BSV, BCH, and DeFi scams go to Zero.

Max sees the Bitcoin price climbing to $28,000 in the short term before seeing any major pullback and goes on to share that his $100,000 Bitcoin price prediction he made back in 2011 is still currently in play.

He recently increased his $100,000 BTC price prediction to $400,000 because he’s completely confident in that Bitcoin will compete with gold.

🔥 [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 Falls 12% But a Reuters Poll Indicates Massive Rally Ahead

Bitcoin Could Shatter $864,000 by 2024, According to Crypto Analyst PlanB

MAX KEISER PREDICTS K BITCOIN PRICE WITH BUFFET MOVING INTO GOLD!! BTC IS INCREDIBLY BULLISH!!

By admin — 3 years ago

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

Max Keiser believes that the Bitcoin price will shoot up to $50,000 per BTC as a result of Warren Buffet moving into gold.

The vocal Bitcoin proponent and TV anchor Max Keiser has commented on the recent decision of Warren Buffett to move his funds from stakes in major global banks and make a bet on Barrick Gold miner stocks, saying that the Berkshire Hathaway CEO is wrong about gold, banks and, what’s more, he is likely to be wrong by chiding Bitcoin.

Bloomberg has reported that the world renowned investor, aka the Oracle of Omaha, Warren Buffett has decided to shift his investments from banks and move them into the stocks of Barrick Gold.

He has reduced his financial presence in several big name banks, such as JPMorgan Chase, Wells Fargo, etc, after many years of considering these institutions to be a ‘a good business as long as they don’t make major mistakes’, according to Bloomberg.

Previously, U.Today reported that the investment guru and a popular non-fiction writer Robert Kiyosaki slammed Buffett for his ‘old-dated strategy’ of ignoring gold, the stock market and Bitcoin, sitting on his billions of cash.

Now, Warren Buffett has started to gradually move into gold. However, Max Kaiser believes that he is wrong about pretty much everything – gold, banks, airlines and Bitcoin, which Buffett previously referred to as “rat poison squared”.

Max Keiser believes that following Buffett’s move into gold, the global investment business is likely to bet 5 percent of its funds on gold.

This, in its turn, lead Keiser to believe that around 1 percent of the funds would be allocated into Bitcoin (following the recent move of MicroStrategy who bought $250 million worth of BTC). That’s $1 trillion.

“Global $100 trillion fund management biz is less than 1% invested in Gold. With Buffett now moving into Gold expect global allocation of 5% AU min. Expect a 1% BTC global allocation ($1 trillion).”

The crypto community and Bitcoiners in particular have always been critical about banks, referring to Bitcoin as something that would put them out of business.

As for gold, the Winklevoss twins have recently stated that unlike Bitcoin, gold has an infinite supply in the space (in particular referring to Elon Musk, NASA and their plan to explore gold and other precious metals on asteroids, while pitching Bitcoin to Dave Portnoy).

Tyler Winklevoss tweeted:

“The supply of gold is infinite in our galaxy, the supply of Bitcoin will always be fixed. Long-term, there will be no comparison between these assets. Gold will be to bitcoin in the future like sand is to gold today.”

In other trending Bitcoin News today:

Raoul Pal: Bitcoin will become best performing asset in the world!

Former Goldman Sachs employee Raoul Pal has been one of the most bullish on Bitcoin’s future in recent days.

Pal has made a bullish prediction for the first cryptocurrency by market capitalization and said that Bitcoin will be the best performing asset in the coming years.

Comparing it to other assets such as gold, stocks and commodities, Pal outlined:

“Almost everything is an inferior trade to Bitcoin (…) And there is nothing – except currently Ethereum and that’s in a shorter-term time horizon because it was underperforming massively – but on any meaningful time horizon, whether it’s one-year, two-year, three-year, four-year, five-year, six-year, Bitcoin’s basically outperforming everything, and it’s breaking out versus everything, or – another term – everything is breaking down versus Bitcoin.”

🔥 [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:

The supply of gold is infinite in our galaxy, the supply of #Bitcoin will always be fixed. Long-term, there will be no comparison between these assets. Gold will be to bitcoin in the future like sand is to gold today.

— Tyler Winklevoss (@tylerwinklevoss) August 14, 2020

Global $100 trillion fund management biz is less than 1% invested in Gold. With Buffett now moving into Gold expect global allocation of 5% AU min. Implies $5,000 Gold

Expect a 1% #BTC global allocation ($1 trillion).

This implies $50,000 for Bitcoin

Expect PTJ ups to 10%

— Max Keiser (@maxkeiser) August 14, 2020

These are all INCREDIBLY BULLISH long-term chart patterns. The probabilities in the charts suggest that Bitcoin is likely set to be the best performing major asset in the world over the next 24 months and by a big margin.

I remain #irresponsiblylongbitcoin #bitcoin $BTC

— Raoul Pal (@RaoulGMI) August 10, 2020

$BTC updateAnother good 4-hr close above supportPrice came down, retested and has bounced – will look for continuation to the upside

Still want to close above $11,900 on the daily pic.twitter.com/Dp1qsmvTFI

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

As long as $BTC can hold $10,500 support, I think we continue to move up to test the 1.618 extension1.618 is at $13k and 2.618 is around $14,800

Yesterday’s drop was possibly price suppression and re-accumulation of longs and a bear trap on shorts to fuel the next push up pic.twitter.com/9UEs7T5Toe

— Jacob Canfield (@JacobCanfield) August 12, 2020

The US Dollar is “Ready to Break Down” – How This May Impact Bitcoin

https://www.crypto-news-flash.com/analyst-bitcoin-to-fall-to-critical-support-and-then-rise-to-to-14000/

https://u.today/warren-buffett-is-wrong-about-bitcoin-gold-banks-max-keiser

Anticipating #post_titleM Bitcoin Price in Just Three Years, Calls BTC ‘Biggest Trade of Our Lifetimes’

By admin — 3 years ago

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

Former Goldman Sachs hedge fund manager Raoul Pal Says he’s preparing for Bitcoin (BTC) to hit $1,000,000 in as little as three years.

In the latest economic report from Global Macro Investor, Pal covers a litany of devastating figures on the state of economies around the world, from rapidly rising unemployment numbers in the US to plummeting retail sales in China.

He says a sharp V-shaped recovery is highly unlikely. “I think that growth will not recover meaningfully from this massive economic hit.

I think the narrative of hope is false hope. I would handicap a U-shaped recovery at 30%. I’d handicap a full debt deflation at 70%. Yeah. 70%.”

He expects baby boomers to “sell every rally they can to protect their last, rapidly diminishing nest egg.”

After that, he predicts boomers will stop spending, triggering slower growth and contributing to a mounting debt crisis. According to Pal, the only answers to the impending calamity are gold and Bitcoin.

“Gold is the protection of our assets. Bitcoin is the call option on the future system. Both are going to save us and probably make us rich… Gold can go up 3x or 5x in the next three to five years. Bitcoin, well, that’s a different story. I think [BTC] can get to $1 million in the same time period.”

Pal says gold now has a $15 trillion market cap, if assets that reflect the price of gold on paper are included. By that logic, and considering his bullish stance on gold’s future growth, Pal says it’s realistic to expect the Bitcoin price could rise to a $10 trillion market cap.

“Would it be crazy for Bitcoin to have a $10 trillion valuation? After all, it isn’t just a currency or even a store of value. It is an entire trusted, verified, secure, financial and accounting system of digital value that can never be created outside of the cryptographic algorithm.

It is nothing short of the future of our entire medium of exchange system, and of money and the platform on which it operates… I think this is the biggest trade of our lifetimes and just at the time when we need it most.”

Pal cautions that forecasting years into the future is a “complex and risky affair” and only time will tell if his theories are accurate. For now, Pal says he’s buying Bitcoin every day.

However, he’s not going all-in on the extremely risky asset, which is known for its dangerous volatility and violent moves to the upside and downside.

“The allocation I am personally aiming for, on my total available liquid assets, is 25% trading investments, 25% cash (all dollars), 25% gold and 25% Bitcoin.”

In other trending Bitcoin News today:

2 Key Technical Reasons Why a Bitcoin Rally to at Least $8K Is Likely

The BTC price has seen a strong rebound from $6,800 to $7,600 within a four-day span, recording a 12% increase.

Two technical factors are likely to push BTC to $8,000 in the near-term as traders anticipate a strong weekly close.

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

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

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

Show Notes / Resources:

https://cointelegraph.com/news/2-key-technical-reasons-why-a-bitcoin-rally-to-at-least-8k-is-likely

https://drive.google.com/file/d/1nWQVpbyeVqwB1qHHVXs1G19b9_iUvrX9/view?usp=sharing

BITCOIN PRICE FACING ITS FINAL RESISTANCE ZONE BEFORE K BTC!! CHAINLINK 52% MASSIVE RALLY!!

By admin — 3 years ago

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

The Bitcoin price is facing its final resistance zone until the bull market is on fire.

However, will BTC break through this resistance zone in one attempt?

The charts suggest that the $11,600-12,000 area is a crucial level to break if the BTC price is to continue moving higher.

As the price of Bitcoin couldn’t break through that resistance zone, a slight drop occurred on Friday from $11,900 to $11,350, after which BTC has managed to pare most of the losses since.

BTC/USD is still fighting at the resistance zone at $11,800-12,000.

Unfortunately, no breakout just yet, while silver and gold have been showing more strength recently.

The chart shows that there’s a clear resistance zone at $11,800-12,000.

This is a significant level as it is the final untested level until Bitcoin enters open air.

If there’s a breakthrough in this resistance zone, Bitcoin’s price can easily run toward $15,000-16,000.

Such a run would only increase the FOMO, or fear of missing out, in the markets.

The bullish scenario for Bitcoin Breaking $12,000 underpins the bullish scenario.

If the resistance area finally breaks as resistance, $15,000 then becomes a likely target for the bulls.

However, a clear breakout through the $12,000 area can only be confirmed with a support/resistance flip.

This would suggest that buyers are stepping in as the previous resistance transforms into new support.

The bearish scenario for Bitcoin The bearish scenario means that $12,000 was not broken.

If the resistance continues to be resistance, a renewed range-bound structure will likely occur in the coming weeks.

Another argument can be found in the forex markets.

The recent breakout of Bitcoin occurred while EUR/USD broke upwards from 1.14 to 1.19.

This breakout led to a drop of the USD against other currencies, which essentially triggered the massive breakouts in Bitcoin, gold, and silver prices.

If EUR/USD starts to correct from 1.19 to lower numbers, the USD is getting stronger.

Such a relief bounce will most likely trigger a further corrective move on the crypto and commodity markets, leading toward the scenario described above.

A range-bound period wouldn’t be bad for the markets, however, as altcoins have been doing relatively well in these times.

If Bitcoin’s price starts to correct, the focus could once again shift to altcoins.

In other trending Bitcoin News today:

Massive Short Squeeze Prompts Chainlink (LINK) Price to Rally 52%

Chainlink (LINK) price continues to set new records as the DeFi-related token surged 52% to reach a new all-time high at $13.8799 today.

Over the last 24-hours, LINK has surged by 52%, rallying from $9.05 to as high as $13.8799 on Binance exchange.

As Chainlink demonstrated a strengthening uptrend, its competitor Band Protocol (BAND), which also operates as a network for oracles, spiked 50% to reach a new all-time high at $14.30.

🔥 [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:

Bull divergence, BTC Dominance, expecting BTC to gain over alts in coming weeks. Waiting for the top indicator to reverse (detects volume movements). ETH currently more bullish than other alts. In that regard, I believe we’re in an era of dual pumpage. pic.twitter.com/hUuIoinfm5

— Willy Woo (@woonomic) August 9, 2020

https://bitcoinexchangeguide.com/bitcoin-wrap-up-4-big-things-that-happened-this-week/

https://cointelegraph.com/news/the-price-of-bitcoin-is-facing-its-final-resistance-zone-before-15k

https://cointelegraph.com/news/massive-short-squeeze-prompts-chainlink-link-price-to-rally-52

MAX KEISER: Bitcoin (BTC) Will Hit 0K Because U.S. Will Start A Giant Hash Rate War With Iran

By admin — 3 years ago

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

Bitcoin (BTC) will hit $500,000 according to Max Keiser because the United States will start a giant hash war with Iran and Venezuela — and it’s already started.

In the latest episode of his “Keiser Report” TV show, Max Keiser predicted that the Iranian and Venezuelan regimes would force the Trump administration to embrace BTC.

Thanks to Tehran potentially controlling 3% of the Bitcoin hash rate already and Venezuela — briefly — accepting BTC payments, the U.S. joining the fight for Bitcoin supremacy is only a matter of time.

“Iran has already got 3% of global hash rate, so now I think Venezuela will get 3%–5% pretty quickly,” Keiser said.

“And then at some point America will say, ‘We’ve got to enter the 21st century space race of mining Bitcoin,’ and then they’ll try to seek 20% of the hash rate, and then security goes up dramatically, and the price goes to $400,000, $500,000.”

For Keiser, repeating previous arguments, Bitcoin represents the “reformation of free speech” which governments deny citizens by controlling the currency, and therefore the entirety of their position within the state.

“Bitcoin is the Mona Lisa of the 21st century: It’s self-aware, it is observing us through the quantum mechanical aspects of technology, and it’s channeling the eyes of God,” he continued.

“So, this is God looking at us through the protocol and trying to figure out, ‘How do we fix this human species because they’ve gone way off track due to central banking?’”

The current situation on macro markets versus the suffering of many Americans, exemplified in the Black Lives Matter protests, speaks to Keiser’s point. Anger with the government, and the dilution of the U.S. dollar, contrasts with stock markets seeing their best quarter since 2011.

At the same time, the Federal Reserve has taken ownership of huge chunks of the equity markets, equal to 30% of U.S. gross domestic product.

Last week, Keiser appealed to protesters to abandon their mode of retaliation and simply buy Bitcoin instead.

He summarized:

“The truth is if you want individual sovereignty, if you want justice, if you want uncensorable, unconfiscatable, indestructible wealth, there’s only one way to go — and that’s Bitcoin.”

In other trending Bitcoin News today:

This Eerie Bitcoin Fractal Sees BTC Price Above $70,000 By Mid-2021

As Bitcoin stays motionless near $9,100, one of its old fractals is pointing to a full-fledged breakout towards $70,000 or above.

Spotted first by Artem Shevelev, a TradingView-based market analyst, the pattern shows Bitcoin in a seven-stage bullish development.

So it seems, the cryptocurrency’s run-up to its all-time high near $20,000 in December 2017 succeeded six steps, each involving specific price moves, and indicators. Mr. Shevelev noted that Bitcoin has been forming the very same pattern since 2017.

It is trading inside a giant Symmetrical Triangle while undergoing phases that include medium-sized ascending/descending triangles, so-called “flat zones,” inverse triangles, and sudden crashes.

🔥 [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:

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

Are you ready for a full-blown Bitcoin Bull Run?

“This is the year of Bitcoin and if it doesn’t go up now by the end of the year, I might just hang my spurs.”

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BITCOIN PRICE PLUMMETS TO $3,858 ON COINBASE

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PlanB: $700,000,000 Investment in Bitcoin Industry Shows New Phase of BTC’s Financial Takeover Underway

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In other Cryptocurrency news today:

Are Altcoins ready to explode?!

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In other BTC news today:

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Max Keiser Reaffirms His $400K Bitcoin Price Prediction

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Raoul Pal: Bitcoin will become best performing asset in the world!

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Former Goldman Sachs hedge fund manager Raoul Pal Says he’s preparing for Bitcoin (BTC) to hit $1,000,000 in as little as three years.

2 Key Technical Reasons Why a Bitcoin Rally to at Least $8K Is Likely

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Massive Short Squeeze Prompts Chainlink (LINK) Price to Rally 52%

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This Eerie Bitcoin Fractal Sees BTC Price Above $70,000 By Mid-2021

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