Articles

HISTORICALLY BULLISH BITCOIN PRICE RECORD HISTORY SUGGEST 0K BTC IS NEXT! IRAN CENTRAL BANK FOMO!

By admin — 3 years ago

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

If the Bitcoin price can stay above $10,000 by the day of the U.S. elections, history suggests that a $100,000 BTC is next.

Bitcoin has spent nearly 100 days above $10,000 – and if history repeats itself, further price gains could be astronomical.

As noted by various social media users this week, as of Oct. 30, Bitcoin was just five days away from trading above $10,000 for 100 days.

According to data from analytics firm CoinMetrics compiled by Twitter user Julio Moreno, after trading above certain price points specifically for 100 days, Bitcoin subsequently gained by an order of magnitude.

For example, after staying above $10 for 100 days, it took just 122 days for BTC/USD to reach $100.

After cracking 100 days above $100, meanwhile, $1,000 appeared in just two days.

Looking at the difference between $1,000 and $10,000, the time period was longer — 150 days to crack five figures after trading at four figures for 100 days.

“Bitcoin has held above $10,000 for over 90 days now, currently ~30% higher than this key level. This is the longest period in its history,” analytics resource The TIE reported as part of the latest edition of its Weekly Insights newsletter on Monday.

“The second longest period was back in December of 2017 when BTC surpassed $10,000 for the first time, just days before it increased by 79% to set it’s all-time high of $20,000. Third was in August of 2019, when Bitcoin traded within a 20% range for nearly 4 months.”

With Nov. 3 as a deadline, attention is focusing on how the coming days will shape Bitcoin price action.

It’s not just the 100-day rule – before then, Bitcoin will finish October likely with one of its highest monthly closes on record.

To beat the top, BTC/USD must hit $13,890 by the end of Saturday. Nov. 3 meanwhile also forms the date of the 2020 U.S. presidential elections, an event whose outcome is widely tipped to have an immediate impact on macro markets.

In other trending Bitcoin News today:

BREAKING NEWS: Iran Central Bank FOMO Begins

Iran has become the first country in the world to use Bitcoin at a state level for value exchange.

Iran has become the first country in the world to use cryptocurrencies at a state level for value exchange.

The Iranian Cabinet has amended legislation to redirect cryptos into the Central Bank of Iran’s funding mechanisms for imports, according to a Saturday report by the official IRNA news agency.

“The miners are supposed to supply the original cryptocurrency directly and within the authorized limit to the channels introduced by the CBI,” said the report by CBI and the Ministry of Energy.

The legal cap for the amount of cryptocurrency for each miner would be determined by the level of the subsidized energy used for mining and based on instructions published by the Ministry of Energy.

Iranian money has drastically fallen in value with inflation there at 34%, a situation that has been continuing since 2018.

The country is in the grip of US sanctions, so they can not use dollars for international trade.

They are therefore turning to bitcoin, the first country to do so at a state level, with the famous bitcoin volatility less of a consideration here because the situation is desperate.

Iran’s economy has been contracting for much of last year and this year at circa -10% a quarter, making this a depression.

However, after some experimentation with cryptos starting in 2018, it appears Iran has found a use case in both creating economic value through facilitating crypto mining, and now in using bitcoin for international trade.

For months we have suspected this was their strategy.

Now it is in black and white: Iran is bypassing the dollar and other fiat currencies by using 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:

#bitcoin price can move really fast in bull markets. How fast? 4 to 5 months to move from $10 to $100 and from $1,000 to $10,000.

This happened after 100 consecutive days above these levels and we are only 6 days away from 100 consecutive days above $10,000 pic.twitter.com/fjjiZdeX4C

— Julio Moreno 🔴🔴🔴🔴 (@jjcmoreno) October 28, 2020

https://u.today/will-apple-grab-bitcoin-to-save-its-191-bln-in-cash-crypto-influencers-taking-guesses

Iran Changes Law to Use Bitcoin For Imports

https://cointelegraph.com/news/bitcoin-just-4-days-away-from-historically-bullish-10k-price-record

7K BITCOIN PRICE PREDICTION BY MAY 12TH 2021!! BTC IS IN ‘EARLY MAIN BULL PHASE’ CIRCA Q4 2016!!

By admin — 3 years ago

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

Macro investor Dan Tapeiro, just revealed a Bitcoin price chart which suggest BTC soars 38X peaking at $387,000 on May 12th, 2021.

However, he reveals the following conservative BTC price prediction based on this chart:

“Tremendous long term Log Chart of Bitcoin projects up 5-10x on this run. Just breaking up NOW. Should last a few years as 2.5yr consolidation is fantastic base for catapult up. Break of old highs will have explosive follow through. Time to sit and be patient.”

The investor goes on to share:

“I spent 25 yrs looking at charts all day. I would not say that I was a technical analyst but I did learn that certain patterns repeat in obvious ways. When you can identify those patterns it can be very profitable.”

Bitcoin is copying what it did a year before its $20,000 all-time highs, and the new bull market has been here for over a year already.

That was according to popular statistician Willy Woo, who this week shed further light on Bitcoin’s current price gains.

Woo: Bitcoin “early main bull phase” began recently In a series of tweets on Aug. 10, Woo continued a debate begun by Bitcoin developer Jimmy Song, who himself debated the topic in the latest issue of his Tech Talk blog post series.

“Yes. The bull market really started April 2019,” Woo responded, continuing:

“What’s started recently is the early main bull phase, it’s Q4 2016 all over again, but different dynamics and themes at play.”

BTC/USD hit $12,000 twice in recent days, managing to hold support at $11,500 in a long-awaited show of strength that has given many analysts cause for long-term optimism.

Despite failing to flip $12,000 to support, Bitcoin remains firmly bullish, both sentiment and technical fundamentals-based evidence suggests.

For Woo, the composition of the market formed a major difference in maturity between this year and 2016 — maturity which has historically dictated both price trajectory and volatility.

“One of the themes is the legitimization of BTC for large institutional funds, and also the easy accessibility to buy crypto for the masses with the likes of square cash, paypal, and not to mention the one I’m working on LVL which is real regulated banking integrated with crypto,” he continued.

In other trending Bitcoin News today:

Four Altcoins Could Break Out As Ethereum-Based Ecosystem Goes Parabolic, According to Messari Researcher

Messari researcher Ryan Watkins is shining the spotlight on four small-cap crypto assets in the Ethereum ecosystem.

In a series of tweets, Watkins says the coins could be part of a new decentralized finance (DeFi) paradigm that breaks out alongside the second-largest blockchain.

“As Ethereum faces challenges scaling and interest in DeFi goes parabolic, there hasn’t been a better time for a parallel DeFi ecosystem to break out.”

Watkins says Terra (LUNA) generates the highest transaction fees after Bitcoin and Ethereum.

The Messari researcher highlights the fact that Terra is on track to print $3.8 billion in annualized transaction volume, allowing the coin to pocket $26 million in transaction fees.

Watkins says from a fundamental standpoint, Luna is a potential big winner.

“If LUNA were to be valued like it’s peers by year-end, it would imply as much as a $3.53 price – 10x current.”

🔥 [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:

Tremendous long term Log Chart of #Bitcoin projects up 5-10x on this run.Just breaking up NOW.Should last a few years as 2.5yr consolidation is fantastic base for catapult up.Break of old highs will have explosive follow through. Time to sit and be patient.

H/T @RaoulGMI pic.twitter.com/08bIpZ6i9h

— Dan Tapiero (@DTAPCAP) August 11, 2020

Yes. The bull market really started April 2019. What’s started recently is the early main bull phase, it’s Q4 2016 all over again, but different dynamics and themes at play. https://t.co/8fZgO3Upu9

— Willy Woo (@woonomic) August 10, 2020

What a difference a month makes! In July (btc $9000), 43% of my followers thought btc would stay below $55k until Dec 2021 (i.e. 43% did not believe S2F model). Now (btc $11500) that is 30%. So 25% in that group changed their mind. And 51% thinks #bitcoin > $100k before Dec 2021. pic.twitter.com/GgmIu1QzVr

— PlanB (@100trillionUSD) August 10, 2020

https://cointelegraph.com/news/bitcoin-price-is-in-early-main-bull-phase-circa-q4-2016-willy-woo

BITCOIN WILL SEE A “MONSTER BREAKOUT” IN THE NEXT THREE DAYS!!! | BTC Ready for ‘Extraordinary Move’

By admin — 3 years ago

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

According to a cryptocurrency trader, Bitcoin will see a “monster breakout” in the next three days as the BTC price continues to tighten on a macro scale.

He shared the chart which shows that per the Bollinger Bands, a key technical indicator denoting volatility and key levels, BTC’s price action is extremely tight.

Separate analyses of the Bollinger Bands indicator have found that they are at their tightest levels since November 2018.

What followed the consolidation, of course, was a 50% drop over the span of two weeks that ended the bear market.

This suggests there will be an imminent move of macro proportions, likely to play out within the next week or two.

Bulls Are In Control?

Volatility indicators do not indicate which way the leading cryptocurrency will break.

But with this latest news and new analyses, a growing number of traders are betting on the case for upside.

KI Young Ju, the chief executive of cryptocurrency analytics firm CryptoQuant, shared the charts below on July 20th.

Attached, he wrote that there are three on-chain indicators signaling investors to “BUY.”

These indicators are as follows:

* Addresses linked to Bitcoin miners are not sending their coins to exchanges, suggesting they are not being sold. * Large BTC holders deemed “whales” remain HODLing their coin.

* The reserve of BTC on exchanges “hit the year-low a month ago and [it has kept] that low.

This suggests there remains an accumulation mindset amongst a majority of cryptocurrency investors.

Further adding to the bull case forming, digital asset manager Charles

Edwards noted last week that his flagship indicator just printed a macro buy signal. “Bitcoin Hash Ribbons “Buy” signal just confirmed.

The post-Halving signal is particularly special. It will probably be a very long time until the next occurs. …and so the great bull run begins.”

In other trending Bitcoin News today:

Bitcoin Appears Ready for Extraordinary Move in Just 48 Hours, According to Morgan Creek Digital Partner

Bitcoin’s three-month-long tightening trading range may end in about 48 hours, says Morgan Creek Digital executive Jason Williams.

Williams tells his 41,000 Twitter followers that BTC appears to be poised for a big move as the leading cryptocurrency approaches the apex of an ascending triangle pattern on the short-term timeframe.

“This feels like a little World Cup of sorts. Bitcoin could break out on or about the 22nd. I don’t think I would want to be on the sidelines going into this… Bitcoin volatility could be extraordinary to the upside.”

The Morgan Creek Digital co-founder is not the only analyst who expects the end of BTC’s tightening range soon.

Crypto strategist Ethereum Jack sees the king cryptocurrency exploding within the next seven days as Bitcoin’s spot volume hits a level that precedes significant price expansion.

A dwindling volume indicates that many traders are on the sidelines while waiting for an asset to provide clarity in terms of direction.

Meanwhile, the pseudonymous crypto trader Walter Wyckoff believes that Bitcoin will breach resistances as it gets a helping hand from a bullish S&P 500.

“Probably SPX [is] gonna rip on vaccine news and if that happens [it is] gonna pull up BTC. I think that futures opening on legacy will give a clue on what we should expect for the breakout of BTC. Can’t see Bitcoin giga dumping while markets make new highs.”

🔥 [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 feels like a little World Cup of sorts. #bitcoin could break out on or about the 22nd.I don’t think I would want to be on the sidelines going into this but low time pref 🧠

Tina and I both agree that #bitcoin volatility could be extraordinary to the upside. @BitcoinTina pic.twitter.com/EWoB0Tv8VW

— Jason Williams 🦍 (@JWilliamsFstmed) July 19, 2020

On-chain Indicators Status: BUY 🟢– Miners are not selling (based on MPI, Miner Outflows)

– No significant #BTC exchange inflows from whales so far

– All exchanges’ reserve hit the year-low a month ago and keep that low pic.twitter.com/IzEmujvbsU— Ki Young Ju (@ki_young_ju) July 20, 2020

Bitcoin Will See a “Monster Breakout” in the Next Three Days: Analyst

https://dailyhodl.com/2020/07/20/bitcoin-appears-ready-for-extraordinary-move-in-just-48-hours-according-to-morgan-creek-digital-partner

https://cointelegraph.com/news/paypal-to-reportedly-offer-crypto-trading-through-paxos-partnership

https://cointelegraph.com/news/bitcoin-surges-to-93k-for-first-time-in-a-week-is-it-a-fakeout

Million Bitcoin Price Prediction Is ‘Closer Than It Sounds' | Million Per BTC Price Update

By admin — 3 years ago

➡️ OPM Wealth: http://opm.cryptonewsalerts.net

The First Bitcoin Price Prediction Ever Made

According to Blockstream founder and cypherpunk, Adam Back, Hal Finney’s $10 million BTC price prediction isn’t so far fetched, though, the reasons behind these levels may not be as apparent as you may think.

When it comes to any Bitcoin prediction, crypto analysts often tout the most hyperbolic and over-inflated projections imaginable.

From the more modest end of the spectrum at around $10,000, toward the virtually inconceivable heights of $10 million, valuations within this space can vary wildly.

Regardless, some augers of these seemingly aggrandized Bitcoin (BTC) price points do sometimes offer a reasonable explanation to support them.

Currently circulating its way around the ecosystem are some of the earliest price predictions ever made, and per Back, they may well come to fruition.

Merely a week after the mining of bitcoin’s genesis block, Hal Finney opined that BTC could grasp a value of $10 million per coin.

This hypothesis was based – as many BTC predictions are these days – on bitcoin becoming a de facto global payments system.

Finney wrote:

“As an amusing thought experiment, imagine that Bitcoin is successful and becomes the dominant payment system in use throughout the world. Then the total value of all the currency should be equal to the total value of all the wealth in the world.”

Cypherpunk Hal Finney made this infamous Bitcoin thought experiment 11 years ago so we updated it for this decade.

A revised BTC prediction: The world’s economy has grown in the 11 years since the post was made.

According to “The Global wealth report 2019” by Credit Suisse, the total worldwide household wealth today equals approximately $360 trillion.

Divide it by 20 million bitcoins, and we get an even bigger number – roughly $18 million for a single coin.

This would be an increase of 225,000% in the price of Bitcoin – a value appreciation not unheard of in the Bitcoin ecosystem.

🔥 [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:

Totally agree. Must admit that I probably would not have this level of confidence (and interest) in bitcoin, if I would not have had 20+ years experience investing $100B AUM and personally seeing the unintended consequences of quantitative easing (QE) and negative interest rates.

— PlanB (@100trillionUSD) January 11, 2020

Running bitcoin

— halfin (@halfin) January 11, 2009

https://decrypt.co/16494/hal-finneys-idea-now-sees-18-million-bitcoin-price-prediction

https://www.ccn.com/adam-back-10-million-bitcoin-prediction-is-closer-than-it-sounds/

BREAKING: FIDELITY PRESIDENT LAUNCHES NEW BITCOIN FUND; 0,000 BTC MINIMUM BUY-IN PRICE!!

By admin — 3 years ago

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

One of the largest mutual funds in the U.S., Fidelity Investments, is enhancing its efforts in the Bitcoin and crypto space with its chief strategist, Peter Jubber, starting an institutional-grade and high net worth clients-focused BTC index.

According to a filing sent to the Securities Exchange Commission (SEC), Fidelity Investments has launched a new Bitcoin index fund, ‘Wise Origin Bitcoin Index Fund I, LP’ that targets high net worth investors and institutions.

A $100,000 minimum buy-in value is required by the index fund following the demand by corporations and accredited investors on Wall Street on cryptocurrency investments.

The Wise Origin Bitcoin fund was launched by the head of strategy and planning at Fidelity Investments, Peter Jubber, in conjunction with the mutual fund’s brokerage and distribution divisions.

The fund aims to provide a gateway for accredited investors on Wall Street to dip their feet into crypto.

Fidelity is known for its soft stance on crypto investing, owning stakes in crypto companies such as Canadian mining firm, 8Hut, and providing custodial services to institutions.

Jubber, also a well-known enthusiast and evangelist of Bitcoin and blockchain, in 2017 said the firm was sketching out a decade long plan on the impacts and opportunities that blockchain technology offers to traditional finance.

Peter will lead the ‘Wise Origin Bitcoin Index Fund’ as the executive director and FD’s Fund’s president.

Reports on Forbes also confirm that a Delaware based firm, FD Funds GP will become a general partner to Fidelity’s new BTC fund.

Fidelity’s reports on the cryptocurrency market this June showed that over 36% of big institutional investors were taking up digital assets, and another 80% of them stating they find crypto appealing.

Moreover, a recent report by the mutual fund concluded there is an increasing interest in Bitcoin as a store of value with the world’s witnessing unprecedented fiscal and monetary policies.

In other trending Bitcoin News today:

Stablecoin metric hints Bitcoin price will rise as buyers snap up BTC!

At $11,400, Bitcoin (BTC) is ripe for a fresh price surge thanks to stablecoin investors buying up cheap coins, data suggests.

Highlighting the latest readings from its stablecoin supply ratio (SSR) metric on Aug. 26, on-chain monitoring resource Glassnode forecast upside for BTC/USD.

SSR refers to the potential buying power of stablecoins over Bitcoin. A low Bitcoin price allows stablecoin owners, for example, on exchanges, to purchase more of the BTC supply.

This demand pushes the price of Bitcoin up, given its predictable, verifiable supply and high stock-to-flow ratio.

As the price increases, stablecoins, which remain priced the same in whichever fiat currency they are pegged to, can buy less of the BTC supply.

The ability to enter a BTC position is called “buying power.”

Currently, that buying power is high, meaning stablecoin owners can purchase a comparatively large amount of the supply.

“SSR is 3x stronger than it was when BTC hit these price levels over a year ago,” Glassnode commented.

In another tweet, the firm noted that the largest stablecoin, Tether (USDT), was conspicuously primed to enter such positions.

“Further support comes from an increase in the $USDT (ERC20) balance on exchanges over the past year — indicating that stablecoins are waiting on the sidelines.”

Tether’s market cap passed a landmark $10 billion in July. In terms of average daily transfer value, USDT beat both Bitcoin and PayPal this month.

🔥 [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/JfCkPRQzAG

— PlanB (@100trillionUSD) August 26, 2020

https://medium.com/@100trillionUSD/bitcoin-stock-to-flow-cross-asset-model-50d260feed12

https://ir.microstrategy.com/news-releases/news-release-details/microstrategy-adopts-bitcoin-primary-treasury-reserve-asset

https://cointelegraph.com/news/stablecoin-metric-hints-bitcoin-price-will-rise-as-buyers-snap-up-btc

https://cointelegraph.com/news/latest-fidelity-filing-outlines-mainstream-bitcoin-trading-product

THE UPSIDE OF BUYING BITCOIN TODAY IS STILL 80X HUGE, THE RISK HAS NEVER BEEN LOWER SAYS MAX KEISER!

By admin — 3 years ago

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

“Just to be clear, the risk of buying Bitcoin today HAS NEVER BEEN LOWER and the upside is still huge, like 80x. This is why institutions are pouring in now. The risk has never been lower”, says BTC pioneer Max Keiser, host of the Keiser Report.

As Bitcoin Tina tweeted: “If you don’t understand how fast Bitcoin can be repriced you don’t understand how markets work. TSLA went from the 150 range to the 450 range from the end of May to the middle of September. Bitcoin could reprice from 20K range to 75K range between now and February.”

Max Keiser responded with: “This is true. In fact, I expect it. The risk reward ratio for Bitcoin right now is; you’re risking 1 to make 100. The risk/reward has actually NEVER BEEN BETTER.”

In other trending Bitcoin News today:

Guggenheim Fund Files to Be Able to Invest Up to Almost $500M in Bitcoin Through GBTC

An SEC filing on Friday indicates that the next Wall Street institution to take a public position in Bitcoin may also be among the largest yet: the $275 billion financial services firm Guggenheim Partners.

The Guggenheim filing allows the Macro Opportunities fund to purchase GBTC, a publicly-traded Bitcoin investment vehicle from Grayscale, at an indeterminate point in the future.

“The Guggenheim Macro Opportunities Fund may seek investment exposure to bitcoin indirectly through investing up to 10% of its net asset value in Grayscale Bitcoin Trust (“GBTC”),” the filing reads.

According to independent ratings firm Morningstar, the Guggenheim Macro Opportunities fund currently has $5.3 billion in assets under management and sports a four-star rating “based on risk-adjusted returns out of 270 Nontraditional Bond funds.”

Guggenheim describes the overall fund strategy for the institutional-grade shares (ticker: GIOIX) as a product of the investment team’s “highest-conviction ideas.” If the fund were to take the full 10% stake in GBTC, it would be worth north of $500 million.

The filing also notes a long list of potential investor risks associated with cryptocurrencies, which it refers to as “digital assets designed to act as a medium of exchange.”

Risks include lack of cryptocurrency exchange regulation, GBTC’s historical “significant premium” to net asset value, and uncertainty regarding tax laws and regulations, among others.

This preparatory move by Guggenheim appears to be part of a cascading series of investments indicating increased acceptance of Bitcoin among major financial institutions.

In August, business intelligence firm Microstrategy purchased nearly 40,000 Bitcoin, leading to a parabolic move in share price. Likewise, financial services firm Square, Inc bought $50 million in Bitcoin in October.

This rolling snowball of institution interest may quickly become an avalanche, as noted by one prominent voice in crypto journalism:

“2016: The institutions are coming! 2017: The institutions are coming! 2018: The institutions are coming! 2019: The institutions are coming! 2020: The institutions are here! 2021: Dammit, the institutions bought all the Bitcoin”

In other trending Crypto News today:

Weekend Bull Trap? Traders Remain Cautious As Bitcoin Price Rebounds to $18K

The price of Bitcoin (BTC) surged above $18,000 on Nov. 29, reaching as high as $18,209 on Binance. However, traders are turning cautious despite BTC’s weekend rally.

Bitcoin currently faces resistance at around $18,200, which is also the 10-day moving average (MA) on the daily chart. As Cointelegraph reported yesterday, some traders still anticipate BTC to see another drop in the near term before the rally can continue.

🔥 [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:

2016: The institutions are coming!2017: The institutions are coming!2018: The institutions are coming!2019: The institutions are coming!2020: The institutions are here!

2021: Dammit, the institutions bought all the #Bitcoin

— Jon Rice (@JonRiceCrypto) October 17, 2020

Just to be clear, the risk of buying #Bitcoin today HAS NEVER BEEN LOWER and the upside is still huge, like 80x

This is why institutions are pouring in now. The risk has never been lower. https://t.co/LlPemmn4Zk

— Max Keiser (@maxkeiser) November 29, 2020

If you don’t understand how fast #bitcoin can be repriced you don’t understand how markets work. TSLA went from the 150 range to the 450 range from the end of May to the middle of September.#bitcoin could reprice from 20K range to 75K range between now and February. pic.twitter.com/kMABvU0AsJ

— BitcoinTina☣️- “TINA” #bitcoin (@BitcoinTina) November 28, 2020

https://cointelegraph.com/news/weekend-bull-trap-traders-remain-cautious-as-bitcoin-price-rebounds-to-18k

https://cointelegraph.com/news/guggenheim-partners-prepares-to-dip-investment-fund-s-toes-into-bitcoin

https://cointelegraph.com/news/paul-tudor-jones-bitcoin-fractal-hints-at-possible-explosive-btc-rally

Bitcoin Price Likely to Surmount ,000 Within 18 Months | Coronavirus Crisis May Strengthen BTC

By admin — 3 years ago

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

Bitcoin Price to Surmount $20,000 In 18 Months

In an interview published on Saturday, Raoul Pal — ex-head of Goldman Sachs’ equity derivatives business and the current CEO of Goldman Sachs — remarked that he thinks the BTC price will rally to its $20,000 all-time high within the coming 12 to 18 months, despite the current crash seen in global markets.

This interview was released shortly after he remarked that he is more bullish than ever on Bitcoin (BTC), remarking that there’s a possibility that “all trust” in the “entire system” has been lost.

This was presumably in reference to the world’s response to the outbreak of COVID-19, which has revealed clear insecurities in the fabric of society, from politics to finance.

“If I could only own one asset for the next 10 years, it would be bitcoin, It encapsulates all of my larger macro views and feels like the point on the far horizon we are headed to, in some shape or form. Yes, like gold too and many other things but BTC risk/reward beats all.” – Raoul Pal

The former Goldman Sachs executive previously told prominent industry podcaster Stephan Livera that all popular asset classes are extremely expensive, except for Bitcoin and cryptocurrency.

Equities, he explained, are roughly at all-time highs, and are pushing extreme valuations for relatively little profit and potential. Bonds aren’t much better, Pal opines, drawing attention to the “virtually zero yields” — and negative yields in some cases — that debt deemed safe provides.

Even real estate isn’t attractive, with the prominent investor calling this asset class “unaffordable”, adding that it makes even less sense to purchase homes because they’re trading near all-time highs.

Hence, Bitcoin.

Fundstrat & eToro Analysts Predict Coronavirus Crisis May Strengthen Bitcoin

What has been driving recent Bitcoin price action?

Or perhaps more importantly, who? And why does it matter?

Lead Digital Strategist at Fundstrat David Grider and Platinum Account Manager at eToro Simon Peters break down Bitcoin’s next move, how the coronavirus and financial crisis may impact the halving, and how Bitcoin’s fundamentals will affect its long-term prospects.

🔥 [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 could only own one asset for the next 10 years, it would be bitcoin $BTC It encapsulates all of my larger macro views and feels like the point on the far horizon we are headed to, in some shape or form. Yes, like gold too and many other things but BTC risk/reward beats all.

— Raoul Pal (@RaoulGMI) January 31, 2020

Ex-Goldman Sachs Exec: Bitcoin Likely to Surmount $20k Within 18 Months

https://cointelegraph.com/news/fundstrat-etoro-analysts-predict-coronavirus-crisis-may-strengthen-bitcoin

Here’s How Bitcoin Price Could Hit ,000 By as Early as March | BTC Stuns Bears Soaring 0

By admin — 3 years ago

➡️ OPM Wealth: http://opm.cryptonewsalerts.net

The Bitcoin price saw quite the bout of volatility on Wednesday.

Early in the morning, Bitcoin (BTC) tanked, falling as low as $6,450 in a strong move lower, before rebounding to the upside.

By the end of the day on Wednesday, the BTC price had rallied as high as $7,400, surging by over 10% from its local bottom in the $6,400s on the back of seeming short covers and long-term investors buying the Crypto dip.

Although it may be too early to tell whether or not this is a fully-fledged macro reversal, one prominent trader, who called the drop in November to the $6,000s, suggests that (BTC) Bitcoin has a good likelihood of reaching $20,000 by as early as March, 2020.

Bitcoin’s latest bounce higher has infused bulls with a fresh dose of hope, culminating in positive analyses that imply BTC’s reversal rally is just starting.

One such analysis was posted by Velvet, a popular cryptocurrency trader.

They noted that “this week[‘s close]” for BTC is “very important,” noting that the key thing Bitcoin will need to do by Sunday’s close is “holding the” trend line.

For reference, the trend line in question, which always ended up in bear markets when BTC crossed below it, currently sits in the high-$6,000s, which BTC is currently above.

If Bitcoin rides that level, Velvet remarked that Bitcoin “could see $20,000 by March,” referencing the fact that prior to previous halvings, BTC always surged, rallying higher on the expectation that a negative supply shock would hit the market.

In other Bitcoin news today:

BTC stuns bears, soaring $800 back over $7,000 to fill Futures ‘Gap’.

Earlier in the day, veteran commodities trader Peter Brandt tweeted a logarithmic chart of Bitcoin’s long term price action and wrote:

Bitcoin has apparently held at important support.

A number of other traders also pinpointed the importance of Bitcoin price remaining above this support and today’s strong upside move is sure to have relieved worried investors, at least for the time being.

Interestingly, the rebound to $7,235 also filled the CME gap from Dec. 14-15, a phenomenon that has become increasingly common for BTC/USD this year.

🔥 [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 $BTC #BTCUSDReal talk: This week is very important!The only thing that matters now is holding the trend (red line)! (Current UP)Every time we lost it, we ended up in a BEAR market! Only this time.. the market will crash!

👉 If we HOLD it we could see 20K by march pic.twitter.com/qrmAnu6weO

— 𝓥𝓮𝓵𝓿𝓮𝓽 📊丝绒 (@888Velvet) December 18, 2019

Here’s How Bitcoin Price Could Hit $20,000 By as Early as March: Analyst

https://cointelegraph.com/news/bitcoin-stuns-bears-soars-800-back-over-7k-to-fill-futures-gap

Bitcoin Price Could Triple This Year to K | Fed Chairman Confirms Crypto Is a Threat to U.S.D.

By admin — 3 years ago

➡️ OPM Wealth: http://opm.cryptonewsalerts.net

Will the Bitcoin price triple this year to $40,000?

According to Fundstrat Global advisor founder Tom Lee, BTC will break into a new ATH this year that could be around $27,000-$30,000.

Additionally, just two weeks ago, we broke above the 200-day moving average, which means we are back in a bull market.

Historically, on average, this breakout has resulted in six months gains of about 190%.

However, this time Thomas Lee believes the Dow Jones Industrial Average would be the first one to break the 30,000, though Bitcoin (BTC) would be the one to hit $40,000, he said.

“Best evidence that Bitcoin is in a bull market is the denial by those with no exposure… BTFD“

Bitcoin Price Hits $10,500 as Fed Chairman Confirms Crypto Is a Threat to U.S. Dollar The BTC price and the overall crypto market reacted positively after Fed Chairman Jerome Powell recently stressed on the importance of private crypto-based transactions.

He said that the Fed is working on a number of projects for digital currencies. Bitcoin price surged over 5% on Tuesday, February 11th, pushing it to a five-month high above $10,500 levels.

With this move, BTC has surged nearly 50% since the beginning of 2020. This latest price surge comes after the Federal Reserve chairman Jerome Powell expressed his interest in digital currencies.

Congressman Bill Foster raised concerns about China’s aggressive push to the use of digital currencies.

Responding to this, Powell said that the Fed has several projects underway.

This was enough to usher a fresh optimism in the crypto market.

Apart from Bitcoin, a majority of the top-ten cryptocurrencies are showing gains between 5-10%.

The overall cryptocurrency market cap added $20 billion soon after Powell’s comments, taking it to above $300 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:

BREAKING: Fed Chairman Jerome Powell just came out in favor of private transactions for digital currencies.He specifically said “A ledger where you know everybody’s payments is not something that would be particularly attractive in the context of the US.”

Game on 🙏🏽

— Pomp 🌪 (@APompliano) February 11, 2020

https://cointelegraph.com/news/bitcoin-price-tackles-104k-level-as-futures-markets-hit-5-month-high

bitcoin-price-hits-10320-fed-crypto-dollar

https://bitcoinexchangeguide.com/bitcoin-price-could-triple-this-year-and-beat-dow-to-40000/

Eerily Accurate Crypto Analyst Says Bitcoin (BTC) Breakout to 0,000 Will Begin on This Date

By admin — 3 years ago

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

One of the few cryptocurrency analysts to correctly call the 2019 Bitcoin pullback says he believes BTC is gearing up to finally exit a long-term bear trend that began about two-and-a-half years ago.

In a series of charts, Dave the Wave highlights Bitcoin’s movements inside a symmetrical triangle dating back to late 2017.

Since the Bitcoin price failed to break above $10,300 earlier this week, Dave now expects BTC to reach a low of about $6,500 in September before it finally breaks out of the trend for good by April 15th of next year.

Dave is closely followed in crypto circles because he was one of the few strategists who told traders back in June of 2019, when Bitcoin was trading for $13,000, to prepare for a significant correction.

He predicted BTC would fall to a low-$6,000 range by the end of the year. BTC ended up hitting a bottom of around $6,400 in December.

Dave now believes the crypto king is preparing for a long-term parabolic rally to $150,000, hitting a peak sometime in the year 2023.

The analyst says Bitcoin is poised to benefit from fiscal stimulus and increased money printing, but he believes predictions that hyperinflation is coming are overblown.

Instead, he expects the dollar to remain relatively strong compared to other currencies as an overall fiat devaluation occurs.

“Many think hyperinflation, based on simple monetary theory, is the key that unlocks the mysteries of the monetary universe. In reality, it’s an ideology for lazy minds.”

In other trending Bitcoin News today:

BITCOIN IS PREPPED TO SURGE TO $14,000 AS PRICE CONSOLIDATES AT CRUCIAL LEVEL

For the third time in the past year, Bitcoin saw a strong rejection at the $10,500 price point on June 2nd.

Per a previous report from Bitcoinist published June 2nd, the leading cryptocurrency tanked by $1,500 in literally three minutes on BitMEX.

At its worse, the reversal meant that Bitcoin was down to $8,600 from the $10,450 highs, which resulted in over $100 million worth of long positions being liquidated on BitMEX alone.

Many immediately took the move as a harrowing sign as to whats’ to come for the cryptocurrency market: $10,500 marked the highs of the rally in October and the one that ended this February.

Each time, prices failed to pass BTC, then crashes followed.

But even in the face of the rejection, analysts are still optimistic about what comes next for Bitcoin.

Since the $2,000 drop, Bitcoin has jumped $1,200 higher.

The asset now trades at $9,800, consolidating in the $9,000s just days on from the crash that occurred.

BTC remains below the $10,450 high, but the bounce back near the local highs have been welcomed.

One trader shared the image below on June 5th, writing that the asset is poised to see “more downside.”

What is being depicted is Bitcoin’s macro price action but inversed; inversion is a tactic often used by traders to “eliminate bias” from their analysis.

According to the trader’s analysis of the inversed chart, Bitcoin is prepared to rally back to the 2019 yearly highs of $14,000 in the coming weeks.

The same trader further indicated his bullish sentiment in another analysis. He said that as long as Bitcoin holds $9,600, which he marked as a notable level on a short-term perspective, he sees “no reason why 11k would not be next.”

🔥 [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:

$BTC Renko SimilaritiesDivergence present into ~18% correction.The correction began a fresh run for ~80% gains.Current PA is looking very similar in structure to the last significant BTC run.If I throw Cubans bands on the similarities continue.

Let this scare or excite. pic.twitter.com/ImXro3TqOf

— Cold Blooded Shiller (@ColdBloodShill) June 2, 2020

BREAKING NEWS: Iran Central Bank FOMO Begins

Follow Us:

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

Show Notes / Resources:

Four Altcoins Could Break Out As Ethereum-Based Ecosystem Goes Parabolic, According to Messari Researcher

Follow Us:

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

Show Notes / Resources:

Bulls Are In Control?

Bitcoin Appears Ready for Extraordinary Move in Just 48 Hours, According to Morgan Creek Digital Partner

Follow Us:

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

Show Notes / Resources:

The First Bitcoin Price Prediction Ever Made

Follow Us:

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

Show Notes / Resources:

Stablecoin metric hints Bitcoin price will rise as buyers snap up BTC!

Follow Us:

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

Show Notes / Resources:

Guggenheim Fund Files to Be Able to Invest Up to Almost $500M in Bitcoin Through GBTC

Weekend Bull Trap? Traders Remain Cautious As Bitcoin Price Rebounds to $18K

Follow Us:

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

Show Notes / Resources:

Bitcoin Price to Surmount $20,000 In 18 Months

Fundstrat & eToro Analysts Predict Coronavirus Crisis May Strengthen Bitcoin

Follow Us:

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

Show Notes / Resources:

In other Bitcoin news today:

Follow Us:

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

Show Notes / Resources:

“Best evidence that Bitcoin is in a bull market is the denial by those with no exposure… BTFD“

Follow Us:

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

Show Notes / Resources:

BITCOIN IS PREPPED TO SURGE TO $14,000 AS PRICE CONSOLIDATES AT CRUCIAL LEVEL

Follow Us:

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

Show Notes / Resources:

Recent Posts

Recent Comments