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HOW BITCOIN PRICE COULD HIT ,000 BY THE END OF 2020 | BTC Full-Blown Rally Is Just Beginning

By admin — 3 years ago

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

Bitcoin Price Just Surpassed $9,000: It Means a Full-Blown Crypto Rally is Just Beginning

BTC price prediction models vary greatly but one analyst that has been correct on numerous occasions has plotted a path to $70,000 Bitcoin (BTC) by the end of the year.

Popular crypto twitter commentator, ‘Whale Panda’, pulled up a Bitcoin price prediction chart drawn back in 2018 by Tradingview user, PentarhUdi.

Despite being over 2 years old, PentarhUdi’s work predicted the BTC price movements to date flawlessly.

The crypto capitulation in December 2018 was predicted as BTC fell to $3,200.

The top of around $14k in the middle of last year was correctly called, as was the 50% pullback into the $6k region.

His prediction for Bitcoin price at the moment is spot on at just below $9k.

If that uncanny accuracy continues to apply Bitcoin should continue to climb throughout the year, breaking its all-time high in June just after the halving.

Following that, prices could blast all the way up to $70k by the end of 2020.

Several aspects could influence such a move including the BTC halving which many assert has not been factored into current prices.

Add to that the premise of further geopolitical and economic tensions and there is the recipe for a bull market. Once bitcoin reaches the five figure level again the FOMO will escalate and new capital should start flowing in.

🔥 [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 UptrendFixed range Volume Profile shows the importance of Point of Control (POC) for a major range to act as support 2018 POC held as support at $6,400sIMO, we should see the 2019 POC act as support at $10,100

= Price should stay above $10,100 on its way to new ATH pic.twitter.com/VkpUYqTYrO

— Josh Rager 📈 (@Josh_Rager) January 17, 2020

📈 $BTC Mean Hash Rate (1d MA) just reached 1-year high of 125,058,646,627,207,626,752.000(Previous 1-year high of 122,916,246,977,853,194,240.000 was observed on 05 January 2020)

View metric:https://t.co/8zrAyUe7NJ pic.twitter.com/cHSg2O7Iru

— glassnode alerts (@glassnodealerts) January 17, 2020

Notable underperformance if looking at returns of the days preceding the week before New Year. i.e. for 2020, Daily Avg 5 days preceding NY-7 would represent the daily average return between Jan/12 and Jan/17.Something to watch out for in 2021.

h/t @MapleLeafCap pic.twitter.com/C3uI0Wm7TK

— Alex Krüger (@krugermacro) January 17, 2020

Bitcoin Price Should Stay Above $10,100 On Its Way To ATH

How Bitcoin Could Hit $70,000 By The End Of 2020

BITCOIN WILL HIT 0K IF REPEATS 2016 HALVING CYCLE PATTERN!! YEARN FINANCE (YFI) FLIPS BTC PRICE!!

By admin — 3 years ago

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

Bitcoin price needs to hit $340,000 just to match its performance from its last BTC halving cycle, data shows.

In a Twitter series on Aug. 20, popular statistics resource ChartsBTC noted that the BTC price still has huge room for growth at current levels of $11,700.

Comparing lows, highs and halving prices from its two previous Bitcoin halving cycles, ChartsBTC put the difference between peaks at 36x for the 2012 cycle and 17x for the 2016 cycle.

In order to repeat even the more modest cycle’s success, BTC/USD would have to trade at $340,000. 36x from last cycle’s high — Bitcoin’s all-time record of $20,000 — comes to $720,000.

Comparing cycle lows, the results are even more dramatic — the smallest jump of 130x from the previous cycle would deliver a Bitcoin price of $400,000.

Running the same diagnosis for Bitcoin’s price at the time of its halving events, the price target is $250,000.

“The multiples from prior cycles applied to the current one arrive at highs between $250k and $1.6M in the next 18 months,” ChartsBTC summarized.

The account noted that while the math adds up, there is little evidence which demands that such levels really do appear within the given timeframe. “While this may sound exciting, it’s just hopium,” it added.

“The prior highs and lows won’t dictate the future.”

In other trending Bitcoin News today:

Yearn Finance (YFI) Becomes First Altcoin to Exceed the Price of Bitcoin – Now What?

Yearn.finance’s native governance token YFI became the first-ever altcoin to surpass the price of Bitcoin (BTC) on Aug. 20.

It spiked to as high as $13,444 on Binance, fueled by the growing demand for Decentralized Finance, or DeFi.

Yearn.finance is a DeFi protocol that launched in July with no premine in a decentralized setting by developer Andre Cronje.

It is the first protocol on Ethereum that claims to give token holders all the power to govern the network.

Blockchain analytics firm IntoTheBlock said`:

“Just a month ago, the yearn.finance token was trading around the $1000 mark. #YFI is up more than 10x in one month, climbing to $10,551.25 yEarn Finance is the first project on Ethereum, whose governance is entirely in the hands of token holders.”

Cryptocurrency researcher Hasu explains yearn.finance as a platform that allows users to execute various investment strategies.

He says: “If you’re not familiar with Yearn, you can think of it as a smart bank account that automatically allocates your assets to different low-risk investment strategies that execute on the Ethereum blockchain.”

The price of YFI, the governance token of the protocol, increased naturally as the total value locked in yearn.finance surged.

According to data from Defipulse, more than $670 million worth of capital is locked in yearn.finance.

Compared to other tokens, the price of YFI is high due to its unique monetary supply.

Its supply is capped at 30,000, which is significantly lower than most digital assets.

While the price of YFI has surpassed $12,000, its market capitalization remains below $400 million.

By market cap, it is the 45th biggest cryptocurrency in the global market.

As such, crypto startup investor Ian Lee explained that YFI surpassing Bitcoin is more of a psychological event than anything else.

He explained:

“YFI ‘flipping’ BTC price is arbitrary & more psychologically than practically important. What is important is what yearn.finance is doing & Andre Cronje is building in DeFi.”

🔥 [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:

15,000 followers 🥳 Thank you everyone! Let’s break down the #bitcoin cycles and see how well history is rhyming. /1High $32, Low $2, Halving $12High $1,163, Low $152, Halving $658

High $19,892, Low $3,129, Halving $8572 pic.twitter.com/LmsuGjDiiq

— ChartsBTC (@ChartsBtc) August 20, 2020

The $ghost project is calling me a loose cannon because I called them on their bullshit.If I am a loose cannon because I dropped my support for a failing project so be it.

I will not support bullshit.

— John McAfee (@officialmcafee) August 19, 2020

https://cointelegraph.com/news/yfi-becomes-first-altcoin-to-exceed-the-price-of-bitcoin-now-what

https://cointelegraph.com/news/bitcoin-will-hit-340k-if-btc-price-repeats-2016-halving-cycle-pattern

https://cointelegraph.com/news/john-mcafee-has-left-his-own-privacy-asset-project

Decoupling? Bitcoin Price Surges Above .7K as Stocks Again Bearish | BTC Massive Buy Order Influx

By admin — 3 years ago

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

Since BTC topping out at $6,500 on March 31, the Bitcoin price had spent the majority of Wednesday in a steady slump which saw the price drop from $6,494 to $6,147.

The pullback mirrored the poor performance in traditional markets where the S&P 500 and Dow dropped by 4.41% and 4.44% respectively.

The slump in traditional markets appeared to be a reaction to dismal news that the United States surpassed more than 200,000 Coronavirus cases.

Earlier this week the White House also stated that it concurs with the estimate that up to 240,000 Americans could die from COVID-19 within the next 3 weeks.

If true, this would likely extend the time social distancing and mass quarantine policies stay in effect, leading to additional damage to the economy.

As advised by many market analysts, global markets are unlikely to show signs of bottoming until the Coronavirus pandemic is brought under control.

Surprisingly, shortly after equities markets closed BTC price broke from the pattern of lower highs with a sharp upside move which pushed the price to $6,744.

The move came as the Bitcoin price was on the verge of falling below the $6,200 support to complete the right shoulder of a rather sloppy head and shoulders pattern on the 4-hour time frame.

Had that occurred, traders would be looking at a target near $5,150 so for bulls the current surge above the $6,600 resistance level is probably a welcome relief.

The push through the $6,250-$6,450 range brought Bitcoin (BTC) above the $6,600 resistance and even though the price pulled back, traders are fighting to turn this level to support.

Once above $6,600 traders will target $6,725 and $6,900.

On the daily timeframe, the volume profile visible range shows that above $6,900, the $7,100 to $7,200 zone could present stiff resistance.

For the short term, holding $6,600 as support then setting a higher high above $6,900 would be a positive step forward.

Could Stablecoin Holdings Tip the Scale in BTC Bull’s Favor?

One factor that could bolster bulls eventually is the fact that the Stablecoin Supply Ratio is currently nearing an all-time low, showing that the current stablecoin supply has significant buying power and could bolster BTC.

“Stablecoin Supply Ratio (SSR) is near its ATL. Low SSR means the current stablecoin supply has strong buying power to purchase BTC and push the price up. USDT (ERC20) exchange balances at an ATH indicates that those coins are waiting on the sidelines,” Glassnode noted in a recent tweet.

🔥 [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 Indicator Shows Bitcoin May Soon See a Massive Influx of Buy Orders

https://cointelegraph.com/news/us-stimulus-package-might-cause-modest-improvement-to-bitcoin-market

https://cointelegraph.com/news/decoupling-bitcoin-price-surges-above-67k-as-stocks-again-bearish

EXPECT AN EXPLOSIVE BITCOIN RALLY TO ,000 IF BTC CLOSES ABOVE .5K | Cryptocurrency News

By admin — 3 years ago

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

$10,500 has become a level of utmost importance to the Bitcoin (BTC) market over the past year.

It marked the highs of two crucial rallies:

1) the Xi Pump that was seen in October of 2019,

2) the rally to $10,500 earlier this year.

Analysts say that if the cryptocurrency can decisively claim that level as support by closing above it on the daily, a larger move to follow.

“If BTC can re-claim these highs and close above on the daily I think we can start targeting 13k-14k.

If not we may be looking at a liquidity run and I’d start looking to next get long ideally at the yearly open, 7k-7.5k,” one analyst said.

The position was echoed by another analyst, Kelvin “Spartan Black ” Koh of The Spartan Group, a cryptocurrency investment firm and advisory.

The former Goldman Sachs partner explained in his own analysis on the importance of $10,500:

“We have been in this $10K holding pattern for almost a month but it is clear the market wants to creep higher. I am speculating we will blow through $10.5K within the next 2-3 weeks. When we do, the move to $13-14K will be swift.”

Fortunately, the cryptocurrency is currently positioning to surmount $10,500 in the coming days.

Analysts are noting that the fundamentals of the Bitcoin market are improving, which is supportive of higher prices.

As reported by Bitcoinist previously, technology analyst Kevin Rooke found that over the past week alone, Grayscale Investments purchased 9,503 BTC for its clients while miners produced 6,863 coins.

This is bullish because it shows that a single entity is consuming more Bitocin than miners produce, skewing the supply-demand dynamic in favor of bulls.

In other trending Bitcoin News today:

Bitcoin (BTC) Has Entered Crucial Zone That Preceded 8,066% Bull Run, According to Cryptocurrency Strategist PlanB

The most controversial analyst in crypto says Bitcoin has officially entered a zone that preceded each and every one of its previous parabolic bull runs.

According to the pseudonymous analyst PlanB, BTC is now in the early days of the “fear zone” phase.

The last time this happened in June of 2015, Bitcoin was valued at about $246.

Over the next two-and-a-half years, BTC gradually entered its third epic rally that brought the crypto king to an all-time high of $20,089 on December 17th, 2017 – an 8,066% increase.

PlanB’s analysis is among the most bullish and contentious in all of crypto. The latest version of his stock-to-flow model suggests BTC will hit $288,000 by the end of 2024.

Stock-to-flow has long been used to plot the price movements of precious metals. But critics say the model, which outlines Bitcoin’s scarcity by dividing the total supply by the number of new coins created each year, holds no predictive power because the cryptocurrency’s supply schedule is already known far in advance.

🔥 [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:

For those who are wondering if $10.5K $BTC will ever be broken.Post Black Thursday, we went from $4K to $7K in a week.It then took about a month before we convincing broke $7K.

But the move from $7K to $10K took 2 weeks.

— SpartanBlack (@SpartanBlack_1) June 5, 2020

If $BTC can re-claim these highs and close above on the daily I think we can start targeting 13k-14k. If not we may be looking at a liquidity run and I’d start looking to next get long ideally at the yearly open, 7k-7.5k.

I’m leaning bullish. Fuck the immoral bitcoin bears. pic.twitter.com/yJ2w67Z0I3

— Caesar (@Thrillmex) June 5, 2020

Some say S2F(X) model must be wrong because #BTC price is determined solely by scarcity (supply) and demand does not play a role.

However Nobel prize winning Capital Asset Pricing Model (CAPM) determines asset returns solely based on risk (volatility, dd) .. no demand, no supply pic.twitter.com/2NU1xs3YCn

— PlanB 🔴 (@100trillionUSD) June 4, 2020

320: BITCOIN PRICE WILL HIT 0,000 SAYS CRYPTO ANALYST!! K BTC TARGET ON TRACK BY END OF 2020!!

By admin — 3 years ago

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

The pseudonymous analyst who goes by the name Dave the Wave predicts the Bitcoin price will hit $500,000 – eventually.

Dave, a technical trader who correctly predicted the BTC collapse from $11,600 to $6,400 last year, is reacting to Tyler and Cameron Winklevoss’ recent Bitcoin analysis.

The twin brothers and co-founders of crypto exchange Gemini say Bitcoin is undervalued as long as it trades below $500,000, citing the likelihood of hyperinflation in the US that could drive Bitcoin as a safe-haven asset.

“Good to see a reasonable price projected here by the Winklevoss brothers.”

In response, Dave shared his analysis of Bitcoin’s long-term trajectory, which tracks the cryptocurrency’s past price movements and increasingly long cycles.

His chart shows Bitcoin could reach $500,000 sometime around 2029.

“When peaks are ‘stepped’, they meet on the logarithmic growth curve. With each subsequent cycle – from base to peak – an extra year is added.”

The trader, who refers to himself as a “BTC Centrist,” also recently released a projection predicting Bitcoin would hit $100,000 sometime in early 2023.

That’s a slightly more conservative projection than the one recently released by PlanB, the controversial analyst who burst onto the scene last year after being the first to apply the stock-to-flow (S2F) ratio to Bitcoin.

PlanB’s latest S2F forecast predicts BTC will hit $100,000 even earlier, by August 2021.

The pseudonymous analyst’s newest cross-asset model, BTC S2F (S2FX), enables the valuation of different scarce assets like silver, gold and Bitcoin with a single formula.

It predicts Bitcoin will be worth $288,000 by 2024 year end.

In other trending Bitcoin News today:

BITCOIN COULD SURGE TOWARDS $20,000 BY END OF 2020: MARKET CYCLE ANALYSIS

A market cycle analysis by one crypto trader suggests that Bitcoin will hit $20,000 in the coming months, likely by the end of 2020.

The charts show that per historical market cycles, BTC is at the point of its ongoing bull market where it will begin its parabolic ascent towards its previous all-time high.

This market cycle forecast isn’t the only analysis showing that Bitcoin could hit $20,000 by the end of 2020.

This strong sentiment has been echoed by a number of market participants.

Mike McGlone, the senior commodity analyst at Bloomberg Intelligence, commented in a research report on crypto:

“Bitcoin is mirroring the 2016 return to its previous peak. That was the last time supply was halved, and the third year after a significant peak. Our graphic depicts Bitcoin marking time for a third year following the parabolic 2017 rally… Fast forward four years and the second year after the almost 75% decline in 2018, Bitcoin will approach the record high of about $20,000 this year if it follows 2016’s trend.”

Arthur Hayes, CEO of BitMEX, has also mentioned this price target.

In an April blog post, he said that the Federal Reserve money printer and other macro trends will push the asset to its all-time high this year:

“As violent as the Q1 collapse in asset values was, we have almost 100 years of imbalances to unwind the ancien régime. My end of 2020 price target remains $20,000.”

He seemingly doubled down on this price target in a recent blog post.

“I, like many other pseudo intellectual keyboard warriors, have a massive upside price target for Bitcoin. I will get to that in the next digest. But Q4 is going to be a humdinger. The financial markets are going to whipsaw as politicians contort themselves to continue feeding at the trough.”

🔥 [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 road to 500K and price stability.When peaks are ‘stepped’, they meet on the logarithmic growth curve.

With each subsequent cycle – from base to peak- an extra year is added. pic.twitter.com/i4HN49UdGi

— dave the wave (@davthewave) January 5, 2019

BTC Monthly:Yesterday the month closed above the 50% Fib retracementSo what buddy!Well if past cycles are a sign and the pattern continues, the launch sequence has been initiated.1. Halving ✅2. Monthly close above 50% Fib Retracement ✅3. Bull market 🚀to 🌜

Let’s Go! pic.twitter.com/qlLRZjphD8

— Nunya Bizniz (@Pladizow) September 1, 2020

I don’t normally like making definitive #bitcoin price predictions. That being said, this is the last time you’re going to see bitcoin below $12K…until it goes back above $12K.

— Cameron Winklevoss (@winklevoss) September 2, 2020

Bitcoin Could Surge Towards $20,000 by End of 2021: Market Cycle Analysis

BITCOIN OPTIONS TRADERS BET THE BTC PRICE CAN TOUCH K BY DECEMBER!! 0K TO COMPETE WITH GOLD!!

By admin — 3 years ago

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

This past weekend, data shows the most active Bitcoin options contracts were calls for $28k, $32k, and $36k by the year’s end.

This means a number of options traders are betting the BTC price will exceed the all-time high (ATH) the decentralized currency touched in December 2017.

On September 14, researchers from the data analytics firm Skew.com tweeted about an unusual number of call options for December 2020 that are well above the 2017 ATH.

“[December 2020] $28k, $32k, [and] $36k calls among the most active bitcoin options contracts yesterday,” Skew tweeted.

All of these calls are well above the mid-December 2017 ATH, which saw BTC touch $19,600 per coin.

The new open positions took place on the crypto-financial derivatives platform Deribit.

The action took place after $570 million (notional) of BTC options contracts expired on Deribit on August 28.

There were 752 open positions for $36k, 462 contracts for $32k, and 230 for $28k.

Additionally, some $9k and $9,750 calls were set for the end of September.

Responding to Skew’s December calls tweet, one individual wrote:

“Without opining the possibilities to this, it will be entertaining to revisit at the end of the [fourth] quarter.”

Essentially, bitcoin options are crypto-derivatives products that provide a person or group with the right, but not obligation to buy and sell the BTC at a predetermined strike price, while also leveraging an expiry date.

“If you think from a technical perspective what we are getting right now is Bitcoin flipping a former resistance level at $10,000 to become a support. From May to the end of July, Bitcoin was desperately stuck below $10k. But for [seven] days now $10,000 is holding strong.”

In other trending Bitcoin News today:

Global Fiat Failure Will Push Countries to Accumulate Bitcoin, Says Max Keiser

Max Keiser, Wall Street vet and host of RT’s Keiser Report, says he believes countries will seek refuge in Bitcoin as fiat currencies fail on a global scale.

“You’ll see countries start to accumulate Bitcoin and start to mine for Bitcoin as well, and then they’ll start to subsidize the money they would be subsidizing the energy industry in and subsidizing that in the Bitcoin mining space.

So then the game theory kicks in. So, for example, Iran right now has something like 2% of the global hash rate of Bitcoin… Let’s say suddenly they’ve got 5% of the hash rate… So then America says ‘Wait a minute this is like the Sputnik moment.

Iran could potentially be the richest country in the world if they have a significant piece of Bitcoin,’ and the price goes to $400,000 to compete with gold…so then they (America) start to subsidize their mining.”

Keiser says the race to acquire more BTC between competing countries will drive the price and security of Bitcoin to heights never before seen.

“So what this does is it increases the hash rate so the hash rate now is over a hundred quintillion calculations per second in the Bitcoin mining space… Which means the security goes up, which means it’s even harder money.

Bitcoin is not only hard money but it keeps getting harder every week and every month because the hash rate gets higher and higher and higher. So with that higher security, higher hash rate, the price goes up. It becomes a self-fulfilling prophecy. So now you’re chasing the Bitcoin up through to a $100,000, $200,000 a coin to get the hard money because all your fiat money is collapsing.”

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

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

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

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

Show Notes / Resources:

https://news.bitcoin.com/bitcoin-options-traders-bet-the-price-of-btc-can-touch-36k-by-december/

https://cointelegraph.com/news/more-than-1b-in-bitcoin-has-been-tokenized-for-defi

All Eyes On ,000: Why Bitcoin Price Needs to Clear This Crucial Level | China’s Digital Currency

By admin — 3 years ago

➡️ 5 *MORE* COINS TO $5 MILLION LIVE Q&A: http://5coins.cryptonewsalerts.net

Bitcoin Price Needs to Break Past $8,000!

In a recent TradingView analysis, cryptocurrency analyst Filb Filb drew attention to the importance of $8,000, a BTC price point which he stated has the “worst cluster of resistance seen since the bear market of 2018.”

Indeed, he noted that the following technical levels are currently situated at $8,000 (subject to change over the next few weeks):

The 200-day moving average.
The 100-day moving average.
The 50-day moving average.
The 20-month moving average.
Bitcoin’s 61.8% Fibonacci Retracement of the February high to the $3,800 bottom.
And the yearly pivot level.

The pertinent question remains — does Bitcoin (BTC) have the potential to clear $8,000?

Analysts, unfortunately, are divided about this question.

Per previous reports from NewsBTC, Bitcoin is in the midst of following the bump-and-run-reversal bottom schematic found in Thomas Bulkowski’s Encyclopedia of Chart Patterns.

As it stands, BTC is in the fourth phase of the BARR bottom, which should be followed by a surge past the phase one highs around $9,000 in the coming week or two, meaning the whole capitulation could be shortly reversed.

The thing is, there remains the overhead risk of traditional markets continuing to fall, which could depress Bitcoin.

As explained by Chris Burnisike, partner at Placeholder Capital:

This theory has been echoed by trader Cantering Clark, who remarked that the “moment equities s**t the bed again Bitcoin will follow,” explaining that the reality is some of the world’s “largest and most fundamentally important industries” are being adversely affected by the coronavirus outbreak, making it unlikely crypto will be spared.

China Is Drafting Laws for the Circulation of National Digital Currency Amid the coronavirus pandemic, China’s central bank has reportedly completed the basic development of the nation’s central bank digital currency.

The central bank is now drafting legislation for its circulation, according to local media.

A number of patents have revealed what the digital yuan will be like.

China’s central bank, the People’s Bank of China (PBOC), is reportedly closer to issuing its own digital currency, Chinese publication Global Times reported on Tuesday, citing an unnamed industry insider.

The central bank, in collaboration with private companies, “has completed development of the sovereign digital currency’s basic function and is now drafting relevant laws to pave the way for its circulation,” the publication detailed.

The insider elaborated: As more central banks around the world are cutting interest rates to zero or even entering negative territory to release liquidity into the market amid the coronavirus (covid-19) pandemic, China should accelerate the launch of its digital currency.

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

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

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

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

Show Notes / Resources:

https://www.tradingview.com/chart/BTCUSD/S1p3CQYW-Bitcoin-Death-Cross-but-is-that-it/

https://news.bitcoin.com/china-digital-currency/

https://www.newsbtc.com/2020/03/26/all-eyes-on-8000-why-bitcoin-needs-to-clear-this-crucial-level/

Bitcoin Price May Hit K All-Time High by Summer Predicts Tom Lee | BTC WILL HIT ,000 IN 2020

By admin — 3 years ago

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

The Bitcoin price is primed for average gains of almost 200% over the next six months, one of its best-known supporters has told mainstream media.

Speaking to Yahoo! Finance on Feb. 4, Tom Lee, co-founder at Fundstrat Global Advisors, said one bullish technical factor, in particular, made him “really optimistic” about the BTC price short-term potential.

“Notably in January – January is usually a week month, it was a great month for Bitcoin, up 26% – but it also recovered its 200-day moving average,” Lee explained.

“That’s a big deal as you know, as anyone who’s a trend follower knows – when you’re back above your 200-day, you’re back in a bull market. Whenever Bitcoin breaks back into its 200-day, its average six-month gain is 197%.” – Tom Lee

Crypto CEO: Bitcoin Will Hit Record High of $30,000 in 2020 for This Reason

The Bitcoin halving plus geopolitical demand drivers may push Bitcoin (BTC) above its previous all-time high in 2020.

The CEO of the crypto asset startup Celcius believes that the combination of the two could see the leading digital asset reach as high as $30,000 before the end of this year.

Alex Mashinsky believes that most people underestimate the impact the halving this spring will have on the Bitcoin price.

The increasingly entrenched “store-of-value” narrative in an increasingly unstable world may drive the price up sooner than most people think.

Mashinsky says that most people are underestimating the impact of the halving. He takes the popular opinion that global political uncertainty makes the leading crypto asset increasingly popular.

Calling Bitcoin “the doomsday insurance”, he states: “I think that Bitcoin ends the year with a new high. I estimated $30,000 but it’s going to be somewhere between $20,000 and $30,000.”

Mashinsky also comments that a bullish Bitcoin will likely drive the rest of the industry up too.

🔥 [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:

Highlight: “We’re really optimistic on crypto and bitcoin this year,” @fundstrat’s Global Advisors Managing Partner & Head of Research Tom Lee says. “Whenever bitcoin breaks back into its 200 day, its average six-month gain is 197%.” pic.twitter.com/2tqzsuOV0m

— Yahoo Finance (@YahooFinance) February 4, 2020

Crypto CEO: Bitcoin Will Hit Record High of $30,000 in 2020 for This Reason

https://cointelegraph.com/news/bitcoin-price-may-hit-27k-all-time-high-by-summer-predicts-tom-lee

Will Jack Dorsey Help Propel Bitcoin to 0,000?! | Bullish BTC Price Indicator Flashes Green Again

By admin — 3 years ago

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

Jack Dorsey of Twitter and Square Crypto is working to solve the Bitcoin scalability problem.

A multi-trillion-dollar market cap could be at stake.

Tim Draper has not backed off his Bitcoin prediction that the BTC price will skyrocket to $250,000 in 2023.

The venture capitalist who invested in Skype, Tesla, and SpaceX believes that key improvements happening on the Bitcoin network will catalyze the surge in valuation.

Developments such as the Open Node and Lightning Network are helping Bitcoin’s cause.

Nevertheless, Draper believes that more engineering needs to be done so that the number one Crypto can become a widely-used currency.

Fortunately, Jack Dorsey is hard at work to help create the infrastructure so that Bitcoin (BTC) can become the “native currency” of the internet.

Draper believes that the Bitcoin price can get to $250,000 if people start using it for day-to-day payments.

Currently, the top cryptocurrency is having a huge problem with scaling.

It can only process seven transactions per second.

This means when buying coffee, it will get cold before the merchant receives payment.

The good news is that Twitter and Square CEO Jack Dorsey is developing solutions to supercharge Bitcoin’s throughput.

Earlier this month, Square Crypto announced that its team is developing a Lightning Development Kit (LDK).

Bitcoin Price Indicator That Called 2019 Bull Run Flashes Green Again Leading the positive signs is a useful but somewhat forgotten indicator dubbed the Guppy.

This is a collection of exponential moving averages which has flashed green on the daily chart for the first time in around 300 days.

The interval is significant – the last flip from red to green for Guppy was on April 9, 2019, coinciding with Bitcoin’s rapid rise to highs of $13,800.

Before that, Guppy also turned bullish on Jan. 14, 2018, when Bitcoin briefly rose above $9,000 on the way down from the all-time high a month earlier.

🔥 [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 #BITCOINNice breakthrough of $8,600 level and we’re back in the range. This means that the $8,000-8,100 level has now flipped as support.

Eyeing to see a retest of $8,500. Holding that and we can aim for $8,900. pic.twitter.com/bQKyGYSzNy

— Crypto Michaël (@CryptoMichNL) January 27, 2020

In a world with 10,000 crypto currencies, bitcoin simply..refuses..to die.Maybe its unique combination of technical and ‘belief’ networks endows it with some durable value.

How much? We slice it three ways and a $1T is not off the mark. pic.twitter.com/i99grrbWZn

— James Wang (@jwangARK) January 16, 2020

.@jack‘s Square wins patent for fiat-to-crypto payments network

+ Tech will allow sending party to pay in any currency while allowing recipient to convert payment into their currency of choice https://t.co/FwNy3xNpDj

— Messari (@MessariCrypto) January 22, 2020

https://cointelegraph.com/news/bitcoin-price-indicator-that-called-2019-bull-run-flashes-green-again

https://www.ccn.com/will-jack-dorsey-help-propel-bitcoin-to-250000/

,000 Bitcoin Price Prediction From Mysterious BTC ‘Whale Whisperer’ Goes Viral

By admin — 3 years ago

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

A self-declared cryptocurrency whale whisperer known for being a top trader on BitMEX is bullish on the Bitcoin price trajectory over the next five months.

In a new viral tweet, AngeloBTC tells his 150,000 followers on Crypto Twitter that BTC is coiling in a triangle that will lead to an eventual breakout and surge to $16,000 by October.

Last month, Angelo compared the current BTC price path to the early days of its epic run to $20,000 back in 2017.

This time around, he believes Bitcoin is en route to $30,000 in 2021. “Crazy how they had to tank the stock market to shake people out before the halving.

Crazy how we are still going to $30k.” BTC is currently battling psychological resistance at the $9,000 level.

At time of publishing, Bitcoin is down 4.50% in the last 24 hours at $9,072, according to CoinMarketCap.

That’s an 8.39% drop from a recent high of $9,903 set on May 17th.

In the short term, analyst and trader Michaël van de Poppe says BTC is at risk of a further drop to low $8,000 levels.

“Testing the support level here (might wick to $9,100), after breaking below the rising wedge structure. Holding here and we can test the range highs again. If Bitcoin can’t, I’m assuming the $8,200-8,500 level to be tested as support next.”

In other trending Bitcoin News today:

Bitcoin Traders Now Eye $6-7Ks After 4 Failed Attempts to Break $10K

The price of Bitcoin is set to test lower levels as support after numerous attempts to break $10,000 have failed.

Since May 20 Bitcoin (BTC) price has dropped nearly 10%, shifting traders’ focus from taking out the $10K resistance to now holding above the all-important $8,800 support.

The short-term bearish trend took hold after the top-ranked crypto-asset on CoinMarketCap experienced repeated rejections near the $10K mark, which took the form of higher lows at $9,942, $9,905 and $9,849.

Failure to set a higher high above these levels and the steady loss of momentum eventually caused the price to drop below the bullish pennant and the last two days have seen the bearish move intensify.

For the time being, Bitcoin price continues to find support at the ascending channel trendline but the strength of each bounce from this support is beginning to thin and a number of traders are now calling for a revisit to $7,400-$6,500 if the $8,800-$8,575 support gives out.

🔥 [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:

Imagine shorting the best performing asset of the decade.

— Angelo฿TC (@AngeloBTC) May 21, 2020

https://cointelegraph.com/news/bitcoin-traders-now-eye-6-7ks-after-4-failed-attempts-to-break-10k

https://cointelegraph.com/news/dont-buy-bitcoin-says-wealth-exec-as-lebanon-chooses-btc-over-fiat

Bitcoin Price Just Surpassed $9,000: It Means a Full-Blown Crypto Rally is Just Beginning

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Yearn Finance (YFI) Becomes First Altcoin to Exceed the Price of Bitcoin – Now What?

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Could Stablecoin Holdings Tip the Scale in BTC Bull’s Favor?

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Bitcoin (BTC) Has Entered Crucial Zone That Preceded 8,066% Bull Run, According to Cryptocurrency Strategist PlanB

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BITCOIN COULD SURGE TOWARDS $20,000 BY END OF 2020: MARKET CYCLE ANALYSIS

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Global Fiat Failure Will Push Countries to Accumulate Bitcoin, Says Max Keiser

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Bitcoin Price Needs to Break Past $8,000!

The pertinent question remains — does Bitcoin (BTC) have the potential to clear $8,000?

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Crypto CEO: Bitcoin Will Hit Record High of $30,000 in 2020 for This Reason

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Bitcoin Traders Now Eye $6-7Ks After 4 Failed Attempts to Break $10K

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