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Three Altcoins Ready to Outperform Bitcoin | K BTC Price May Be Just Weeks Ahead

By admin — 3 years ago

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

Eerie Bitcoin Fractal Predicts It May Be Just Weeks Before Bitcoin (BTC) Hits $14,000

After rallying as high as ~$10,100 on leading exchanges this week, Bitcoin plunged off a proverbial cliff.

Within 12 hours after hitting the highs, the cryptocurrency dipped by almost $1,000, crushed as long orders cascaded BTC lower.

While this was a bearish rejection at a crucial level, analysts are still bullish.

They cite a confluence of technical and fundamental factors showing that the BTC trend remains slanted to the upside.

Bitcoin’s recently price action may make it seem like a top is forming, but a fractal analysis from a leading analyst in the space has suggested the opposite.

“Fractals also refer to a recurring pattern that occurs amid larger more chaotic price movements.”

The analyst suggested that a fractal has formed between the start of 2019’s 300% rally and BTC’s price action over the past few weeks.

The fractal suggests that BTC will trade as high as $14,000 by the middle of July.

As a pertinent aside: the analyst who shared the chart below is known for observing accurate fractals, which predicted a number of key swings over the past year.

In other trending Bitcoin News today:

Three Altcoins Ready to Outperform Bitcoin (BTC), According to Crypto Analytics Firm Santiment

Crypto analytics firm Santiment says a handful of crypto market metrics indicate that Ethereum (ETH), Basic Attention Token (BAT) and Maker (MKR) all look more bullish in the short term than Bitcoin (BTC).

Santiment looked at each asset’s three-day averages in three metrics.

The first, Daily Active Addresses (DAA) vs. Price

Divergence, compares an asset’s price action to the number of unique crypto addresses interacting with that specific coin on a daily basis.

The metric views price action that outpaces DAA as a bearish signal, and vice versa.

The second, Network Value to Transactions Ratio (NVT), compares the value transferred on a specific network (transaction volume/token circulation) to the network’s market cap. If the transaction volume is low relative to market cap, an asset is considered overvalued and vice versa.

The third metric, Sentiment Volume Consumed, measures the sentiment of market participants on Twitter.

Santiment evaluated each asset using a simplified rating system: 0-10, with 0 representing the most bearish and 10 the most bullish.

A 5 implies a prediction of sideways consolidation.

Bitcoin scored a 3 on the DAA vs. Price Divergence metric, a 2 on the NVT, and a 6.5 on Sentiment Volume Consumed, for an average rating of 3.8, or “slightly bearish.”

Ethereum scored a 5 on DAA vs. Price Divergence, a 5.5 on NVT, and a 6 on Sentiment Volume Consumed, for an average rating of 5.5 (neutral).

Basic Attention Token scored an 8.5 on DAA vs. Price Divergence, a 9.5 on NVT, and a 6 on Sentiment Volume Consumed, for an average rating of 8.0 (bullish).

Maker scored a 9 on DAA vs. Price Divergence, a 10 on NVT, and a 5.5 on Sentiment Volume Consumed, for an average rating of 8.2 (bullish).

Santiment cautions that none of these scores are indicative of the firm’s long-term outlook on each asset.

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

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

Show Notes / Resources:

Don’t lose sight of the HTF…Our prior resistance region has now been broken and is now being tested as support. Bulls remain in control and gunning for the highs again imo. HTF has been bullish since posting this weeks ago, hope you have been buying the dips. $BTC https://t.co/Q7k4bd86Q5 pic.twitter.com/WpVUf1wPGt

— Credible Crypto (@CredibleCrypto) June 4, 2020

Eerie Bitcoin Fractal Predicts It May Be Just Weeks Before BTC Hits $14,000

ANTHONY POMPLINAO SAYS BITCOIN TARGETING 5K BY END OF 2021!! BTC WILL SOAR 10-20X THIS BULL RUN!!

By admin — 3 years ago

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Bitcoin bull and Morgan Creek Digital Assets co-founder Anthony Pompliano is mapping out why he believes BTC could reach $225,000 in just over a year.

In his latest letter to investors, Pompliano unveils the macro factors that may serve as tailwinds for the next Bitcoin bull market.

“The Federal Reserve has cut interest rates to 0%. They plan to keep us in a zero-rate environment for the foreseeable future. Multiple stimulus packages in 2020 now total more than $3 trillion in QE. We have another $2 trillion on the way…

The combination of the Fed’s asset price manipulation and inflation fears has driven gold and Bitcoin to drastically outperform equities and other commodities.”

The Bitcoin advocate also highlights that Wall Street has “woken up to the Bitcoin trade,” which Pompliano says has increased demand for BTC.

“We are also seeing a new trend emerge where corporations are using Bitcoin as a reserve asset for part or majority of their treasury. It started with publicly traded digital asset focused firms like Galaxy Digital and others.

Then we saw MicroStrategy ($1.2B+ market cap on NASDAQ) put 85% of their $500M balance sheet ($425M) into Bitcoin. And most recently, financial technology company Square announced that it had purchased about $50M of Bitcoin for their balance sheet (approximately 1% of assets).”

As the demand outlook for BTC remains strong, says Pompliano, he shifts his focus to the supply side of the equation.

He refers to the most recent Bitcoin halving, which reduced the number of new BTC entering circulation from 1,800 to 900 per day.

“Historically, these supply shocks have led to significant price increases of 20X+ in the following 18 months post-halving.”

In addition to the increasing demand and decreasing BTC supply, Pompliano highlights a key factor that he says solidifies the bullish argument for Bitcoin – the fact that more than 60% of all mined BTC has not switched hands in more than a year.

Pompliano says this shows investors are refusing to sell despite several major moves to the downside in 2020.

With his investment thesis in place, Pompliano predicts that Bitcoin could touch $225,000 by the end of 2021.

“Many investors will look at the historical price increase of the digital asset and believe they ‘missed it.’ That couldn’t be further from the truth in my opinion. I believe we are at the start of another boom cycle in Bitcoin, which is likely to drive us 10-20x higher in the 15-month window.”

In other trending Bitcoin News today:

‘Still So Early’ – 7% Of Americans Have Bought Bitcoin, Study Finds

According to new data from Statista, only 7% of Americans have previously used Bitcoin (BTC).

This means current investors in BTC are still in an early stage of growth. Dan Tapiero, the co-founder of 10T Holdings, said Bitcoin is still at the “birth” phase of a new asset class. He wrote:

“It’s still so early for Bitcoin. Still at the birth of a new global asset class.”

In the longer term, Bitcoin has significant growth potential to evolve into an established store of value, like gold.

If so, investors anticipate its valuation to increase exponentially over the next decade.

Currently, the majority of the demand for Bitcoin comes from investors that perceive BTC as gold 2.0. Investors believe BTC would eventually establish itself as a safe-haven asset.

Consequently, institutional investors have heavily accumulated BTC in recent months.

MicroStrategy and Stone Ridge, for instance, purchased $425 million and $110 million worth of Bitcoin, respectively.

But if the retail demand for Bitcoin picks up in tandem across major regions, it could cause BTC to grow exponentially.

🔥 [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:

Anthony Pompliano Announces He Has 80% of His Capital in Bitcoin

https://pomp.substack.com/p/the-investment-case-for-bitcoin

https://cointelegraph.com/news/still-so-early-7-of-americans-have-bought-bitcoin-study-finds

BITCOIN PRICE DUMPS WITH STOCK MARKET | BTC IS “LIKELY” TO BECOME THE WORLD RESERVE CURRENCY?

By admin — 3 years ago

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

BITCOIN PRICE IS FALLING WITH THE STOCK MARKET!!!

Bitcoin (BTC) failed to maintain its technical strength after bouncing off $9,000 last week, recently slipping under that crucial support after days of back-and-forth between bulls and bears.

On leading derivatives exchanges, the BTC price fell as low as $8,920.

Prices fell to a similar region on spot exchanges. From the day’s highs, Bitcoin is down around 6%.

Altcoins are down a similar amount to BTC, with all cryptocurrencies trading with a high correlation as is the norm.

Approximately $20 million worth of BitMEX long positions have been liquidated in the past two hours, according to data from Skew.com.

This adds to the approximately $10 million more in liquidations that have taken place over the past 24 hours as BTC has expressed weakness.

Along with the liquidations, data from cryptocurrency data site CryptoQuant indicated that during the move lower, there was an influx of Bitcoin being deposited into exchange-owned wallets.

This suggests there was (and maybe still is) a panic amongst holders to sell their coins as expectations of a strong move lower grow.

Bitcoin’s latest leg of weakness corresponds with a blood-red open for the futures of American equities.

As can be seen in the chart below, from the open of the S&P 500 futures (ES1) on Sunday evening, Bitcoin traded in an effective lockstep with equities.

The futures are down 3% since their open, meaning they are slightly outperforming BTC.

The cryptocurrency trader that predicted BTC would see a V-shaped reversal from March’s lows commented on this phenomenon of correlation on June 14th:

“Once equities correct strongly, odds that $BTC sees a correction too are large. Simple math, increased demand for cash may have its influence temporarily.”

Unfortunately for Bitcoin bulls, there are prominent investors expecting stocks to continue to correct lower.

Guggenheim Partners’ global CIO Scott Minerd recently went on CNBC’s “Closing Bell” to discuss his outlook for stocks.

The prominent fund manager said that he sees a scenario in which the S&P 500 falls to a fresh low of 1,600, which would be a nearly 50% drop from the current price point.

Considering that Bitcoin crashed around 50% on a less-than 10% drop in the stock market, such a drop could prove to be disastrous for cryptocurrencies.

In other trending Bitcoin News today:

FINANCIAL AUTHOR THINKS BITCOIN IS “LIKELY” TO BECOME THE WORLD RESERVE CURRENCY

Speaking to Max Keiser of Keiser Report, CEO of e-commerce company BuildDirect and a financial author Jeff Booth said that he thinks Bitcoin is a “likely candidate for world reserve currency” status:

“First of all, I see Bitcoin as a likely, a very likely candidate for a world reserve currency. So, I see it has a really good chance of winning over time as it works on a network effect.”

Booth is far from the first individual to have identified a scenario in which Bitcoin rises to become the world’s reserve currency, or at least grows to a point where it makes an attempt at that title.

Preston Pysh, a prominent financial analyst and author, explained that the fiat money system is poised to “break.”

By “break,” he means a world where there is either complete “social unrest” due to effectively too much money in the system or a “natural transition to a different form of money” as people lose faith in the old system.

Pysh sees Bitcoin as a likely contender to become the “different form of money” because “it’s the option none of the governments want, but it’s also the solution they can’t easily stop.”

🔥 [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:

As much as the monetary base is inflated, for now it seems that fiat in circulation and its velocity are lowThat means many entities are sitting on their cashSo who have been buying stocks?And who have been pushing stocks, zero fees etc?

To me it paints a clear picture

— //Ethereum 𝕵ack 🐾 (@BTC_JackSparrow) June 14, 2020

Bitcoin Price Dives Under $9,000 as S&P 500 Starts Week Off Blood Red

BITCOIN HITS NEW ALL-TIME HIGH!! THIS METRIC SUGGEST BTC CAN GO AS HIGH AS 0K THIS BULL RUN!!

By admin — 3 years ago

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

Bitcoin price has officially reached a new all-time high on Dec. 1 above $19,892 after nearly three years, according to data from Coinbase and Tradingview.

Despite the Thanksgiving crash last week, BTC price has managed to rebound throughout the weekend. Bitcoin then easily passed the $19,000 mark on Monday to reach its all-time high, albeit on a couple of exchanges.

There are three key trends that fueled BTC’s rise from sub-$3,600 in March to over $19,892. These include the rise in institutional demand, lower selling pressure, and the resilience of Bitcoin throughout 2020.

Most on-chain data points show that the demand for Bitcoin from institutions has been rapidly increasing.

In November, Grayscale recorded all-time high net inflows, and the CME Bitcoin futures market saw its open interest climb near $1 billion.

Grayscale, in particular, said that more institutions invested in cryptocurrencies during the third quarter of 2020 than ever before.

The figures Grayscale sees are important to gauge the institutional interest in Bitcoin because the Grayscale Bitcoin Trust is typically the first point of entry for most institutions to gain exposure to BTC.

In the United States, there is no exchange-traded fund (ETF) for Bitcoin and other major cryptocurrencies. Hence, the Grayscale Bitcoin Trust is the closest investment vehicle to an ETF in the U.S. market. The Grayscale report read:

“More institutions invested in 3Q20 than ever before and have increased their average allocation from $2.2 million in 3Q19 to $2.9 million in 3Q20. Institutions that are comfortable with multiple products within the Grayscale suite of products, have averaged nearly double the commitments of single-product investors during 3Q20.”

As Cointelegraph reported in August, MicroStrategy purchased $450 million worth of BTC, adopting Bitcoin as its primary treasury asset. This was likely the spark that triggered the current wave of institutional demand for the digital store of value.

In other trending Bitcoin News today:

This Metric Suggests Bitcoin Price Can Go As High As $590K This Bull Run

The current Bitcoin (BTC) bull run could send BTC/USD as high as $590,000, one indicator forecast this week.

Curated by on-chain analytics resource Glassnode, the Net Unrealized Profit/Loss (NUPL) index has reached a level that has historically launched the Bitcoin price an order of magnitude higher.

The latest bull signal was noticed and uploaded to social media by the company’s chief technical offier, Rafael Schultze-Kraft, on Nov. 30. At the time, BTC/USD was already making new all-time highs on several exchanges.

NUPL currently resides at 0.62. Previously, reaching this level has begun an uptrend that only reversed once Bitcoin hit a new price range.

In 2011, the price expanded by a record 3,000% after the NUPL event, while in early 2013 it expanded 800% and another 600% later that year. In 2017, the year which delivered Bitcoin’s previous all-time high, there were 1,200% gains.

NUPL measures the proportion of coins in the network that are in profit versus those that are not. Built around a neutral zero value, the closer the index gets away from it, the more the network is in profit. Negative readings likewise signify majority losses.

“NUPL is at 0.62 and predicts tops at 0.8+,” Schulze-Kraft explained alongside an annotated chart.

A 0.8 reading or higher this time around thus opens the door to BTC/USD topping out at anywhere between $133,000 and $590,000.

“Just getting started,” he concluded.

🔥 [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:

🔴 My fellow bitcoiners, the bull market is upon us. Like clockwork November red dot closed above all other red dots .. at $19,700 .. a new #bitcoin ATH. This is just the beginning. We will see volatility (e.g. -35%), but also new ATH’s. Enjoy the ride!🚀🚀🚀 pic.twitter.com/27fmkCOoEY

— PlanB (@100trillionUSD) December 1, 2020

https://cointelegraph.com/news/this-metric-suggests-bitcoin-price-can-go-as-high-as-590k-this-bull-run

https://cointelegraph.com/news/tyler-winklevoss-tells-cnbc-that-cash-is-trash

https://cointelegraph.com/news/bitcoin-futures-hit-20-3k-right-before-btc-price-drops-1k-in-10-minutes

https://cointelegraph.com/news/bitcoin-price-hits-new-all-time-high-as-crypto-market-matures

4 LONG-TERM BITCOIN SCENARIOS | BTC Price Could Soon Pump Another 20 Percent

By admin — 3 years ago

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Here’s the ‘4 Long-Term Bitcoin Scenarios’ shared on Crypto Twitter that are most likely to play out according to well known Cryptocurrency analyst Alex Kruger:

#1 – Bitcoin becomes a global reserve currency. Current hodlers, all proven to be early, get immensely rich.

#2 – Scarcity keeps price going up forever. Bitcoin continues to outperform. Investors do extraordinarily well.

#3 – After a few more epic runs $BTC eventually matures and settles into a wide range, like most commodities do (in real-terms). Bitcoin maxis turn into goldbugs 2.0.

#4 – Bitcoin dumps into oblivion. People keep on buying the dip. Bitcoiners get REKT.

In other Crypto news today…

Drastically dropping volumes on Crypto exchanges could mean that it’s the calm before the storm for the BTC price.

Bitcoin volume on BitMEX, the leading destination for trading crypto derivatives, reached $784 million worth of BTC, its lowest level since March 30th.

The last time the BitMEX exchange recorded such underwhelming numbers, the BTC price surged by more than 20 percent just two days later, kick-starting the 2019 bull run.

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

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

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

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

Show Notes / Resources:

Four long-term bitcoin scenarios#1 Bitcoin becomes a global reserve currency. Current hodlers, all proven to be early, get immensely rich.

#2 Scarcity keeps price going up forever. Bitcoin continues to outperform. Investors do extraordinarily well.

— Alex Krüger (@krugermacro) November 16, 2019

#3 After a few more epic runs $BTC eventually matures and settles into a wide range, like most commodities do (in real-terms). Bitcoin maxis turn into goldbugs 2.0.#4 Bitcoin dumps into oblivion. People keep on buying the dip. Bitcoiners get REKT.

Which one is more likely?

— Alex Krüger (@krugermacro) November 16, 2019

Ugly.. Look at that volume on Bitmex. 784 Million.The last time 24 hour volume was this low was March 30th. Go ahead, look at that date on the chart.

Realized and ATM Implied Volatility all at lows as well. $BTC pic.twitter.com/fvKJ64mCZ3

— Cantering Clark (@CanteringClark) November 17, 2019

Bitcoin Weekly Forecast: BTC Price Turned Sell On Rallies

https://u.today/bitcoin-price-could-soon-pump-another-20-percent-as-trading-volumes-tank

https://cointelegraph.com/news/bitcoin-atms-worldwide-hit-new-milestone-surpassing-6-000

BTC PRICE COULD RECOVER IF BULLS DEFEND THESE KEY LEVELS | Chainlink Up 40% Despite Crypto Meltdown

By admin — 3 years ago

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

The BTC price faced a serious downturn this week, shedding more positions from above $9,500.

Now, the Bitcoin price is fighting for key support levels, in case it breaks down closer to the low $8,000s.

Bitcoin bounced on Friday, moving to $8,659.07 after dipping twice to the $8,500 tier.

At these price levels, the accounts in the money and out of the money are pretty well balanced.

The latest IntoTheBlock report shows that bitcoin may put up a serious fight around the $8,600 to $8,900 level, where 873,000 addresses are holding onto 643,000 BTC.

If that level breaks through, there are other signs of possible support levels between $8,100 and $8,300.

At that area, defense may come from an even larger group of 810,000 holders, who bought 593,000 BTC at this price point.

Addresses out of the money, if they decide to liquidate, may pose resistance at above $9,150.

But overall, the robust number of addresses in the money may lead to “hodling” behavior, giving bitcoin more resilience.

Chainlink (LINK) Up 40% despite Ongoing Crypto Meltdown; More Gains Coming?

Chainlink’s native token LINK was among the biggest gainers as a majority of assets in the crypto market plunged deeply earlier this week.

The eleventh-largest cryptocurrency beat the bearish odds to grow by more than 40 percent since February 26.

It established a week-to-day high at $4.38 in early Saturday trading, hinting its inclination to behave as a hedge against Bitcoin, the top asset that plunged by circa 16 percent this week.

“Chainlink is receiving tremendous exposure during this BTC, ETH retrace. It’s performing with the lights on. There will be a sizable increase in wallets. More excited evangelists. More tweets. More buying, less selling. Welcome All To The Brotherhoood. LINK”

The safe-haven narrative was not in play during most of the February session.

The LINK-to-USD exchange rate slipped almost in tandem with the rest of the crypto market after settling its year-to-date high of $4.90.

It was down by up to 36 percent before it even attempted a pullback.

But Chainlink validated its key supports, which other cryptocurrencies failed to maintain.

The coin bounced back from its 50-day moving average, showing higher buying interest near the area. It was not the case with Bitcoin or XRP, which plunged below their short-term moving averages in massive sell-off rounds.

Chainlink’s ability to maintain its crucial floors led to a decent recovery this week, opening up the possibilities of extended upside momentum in the next.

“A bullish retest of the monthly close bought up recently,” said popular market analyst CryptoGainz. [There is now] zero resistance above. Absolute juggernaut. No reason to think [LINK] won’t outperform the field again next month.”

2020 #bitcoin halving will not be an easy ride:– US/Mnuchin: draconian anti-btc laws– Craig Wright: legal & patent FUD– Hacks: like 2016 halving (DAO,Bitfinex)– MtGox & PlusToken selling narrative– Miner death spiral & futures FUD– Forks

Risk vs S2F:https://t.co/FIMcEZWDPn

— PlanB (@100trillionUSD) February 18, 2020

Massive $68 Trillion Wealth Transfer Bullish for Bitcoin (BTC), Says Crypto Influencer

A looming, massive transfer of wealth is one of the single largest reasons to be bullish on Bitcoin, according to crypto influencer Nick Chong.

Chong, a journalist and marketer at the HTC Exodus Bitcoin division, says Millennials will likely funnel a portion of inherited wealth from their parents and grandparents into BTC, a shift that bodes well for the leading cryptocurrency’s long-term prospects.

“Bitcoin’s most bullish statistic: millennials will inherit $68 trillion from baby boomers. Why? Confluence of distrust in institutions, devaluation of fiat, shift from gold to BTC, and the growth of digital tech will make Bitcoin investing a no-brainer.”

Cerulli Associates, an asset management research firm, estimates nearly 45 million US households will hand over $68.4 trillion in wealth to heirs and charity in the next quarter century.

Chong cites an April 2019 report from venture capital firm Blockchain Capital, which indicated that millennial interest in Bitcoin was increasing despite the bear market at that time.

Wrote Spencer Bogart, a general partner at the firm,

“Younger demographics appear most inclined to purchase Bitcoin: 42% of those aged 18–34 said they are ‘very’ or ‘somewhat’ likely to purchase Bitcoin in the next 5 years — up 10 percentage points from 32% in October 2017.”

🔥 [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:

#Chainlink is receiving tremendous exposure during this $BTC, $ETH retrace. It’s performing with the lights on. There will be a sizable increase in wallets. More excited evangelists. More tweets. More buying, less selling. Welcome All To The Brotherhoood. $LINK

— John Cioffoletti (@JohnCioffoletti) February 27, 2020

Where’s money going? It’s clear money’s going into US10Y bonds (Blue). Money was going into Gold until recently (Black). Bitcoin (Orange) continues to be dragged down with stocks (Green) at this point.

BUT, the stage is set for #Bitcoin to do it’s own thing this weekend. $BTC pic.twitter.com/pZzgh225lK

— Alex Saunders (@AlexSaundersAU) February 28, 2020

With Crypto Markets, Gold, Stocks Falling, Where is the Money Going?

Chainlink (LINK) Up 40% despite Ongoing Crypto Meltdown; More Gains Coming?

Bitcoin Price Could Recover If Bulls Defend These Key Levels

Bitcoin: 3 Reasons Market Strategist Is ‘Increasingly Bullish’ | Institutional Demand For BTC Soars

By admin — 3 years ago

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

Strategist Lyn Alden said she switched from “uninterested to quite bullish on Bitcoin” in 2020.

Following the drop of BTC to sub-$3,600 in March, she remains optimistic on the top cryptocurrency.

Alden, who found Lyn Alden Investment Strategy, wrote:

“So, I’m neither a perma-bull on Bitcoin at any price, or someone that dismisses it outright. As an investor in many asset classes, these are the three main reasons I switched from uninterested to quite bullish on Bitcoin early this year, and remain so today.”

The three reasons Alden laid out are scarcity, halving, and the potential of Bitcoin to act as a backdrop to inflation.

Reason# 1: Scarcity of Bitcoin

Unlike traditional financial assets, even gold, the supply of Bitcoin is fixed.

No more than 21 million BTC can ever exist, which makes Bitcoin a deflationary currency.

Scarcity could give Bitcoin value, Alden explains in her paper.

There are no central entities that could alter the monetary policy of BTC.

If the demand for Bitcoin continues to increase and its supply remains the same, it could push the value upwards.

She explained:

“Bitcoin’s protocol limits it to 21 million coins in total, which gives it scarcity, and therefore potentially gives it value… if there is demand for it.”

Reason #2: The May 11 halving

On May 11, the Bitcoin blockchain network underwent its third block reward halving.

Approximately every four years, a halving gets activated, slowing down the production of BTC by half.

The purpose of a halving is to decrease the rate of BTC production gradually as Bitcoin approaches its maximum supply of 21 million.

A halving cuts block rewards miners receive by half, leading to a massive decline of miner revenues for a brief period.

Following every halving, Bitcoin historically saw extended price rallies.

The previous halvings occurred in 2012 and 2016.

At the time, BTC was hovering at $11 and $650 in 2012 and 2016 respectively.

Now, BTC remains above $9,000, after reaching a record high at $20,000 in December 2017.

Alden wrote:

“Bitcoin has historically performed extremely well during the 12-18 months after launch and after the first two halvings. The reduction in new supply or flow of coins, in the face of constant or growing demand for coins, unsurprisingly tends to push the price up.”

Reason #3: Backdrop of heightened levels of inflation

In May 2020, billionaire hedge fund investor Paul Tudor Jones praised Bitcoin and described it as “great speculation.”

Tudor Jones said he holds just over 1% of his net worth in Bitcoin.

He explained that the potential devaluation of cash strengthens the value proposition of BTC.

He said:

“Every day that goes by that bitcoin survives, the trust in it will go up.”

Similarly, Alden said that other hedge funds have been investing or experimenting with Bitcoin as of late.

“Smaller hedge funds have already been dabbling in Bitcoin, and Tudor Jones may be the largest investor to date to get into it. There are now firms that have services directed at getting institutional investors on board with Bitcoin, whether they be hedge funds, pensions, family offices, or RIA Firms.”

In other trending Bitcoin News today:

Institutional Demand For Bitcoin Soars As Grayscale Reveals Record-Breaking Near $1 Billion Quarter

New York-based Grayscale, which allows accredited investors to buy bitcoin and other major cryptocurrencies through its funds, recorded inflows of $905.8 million for its second quarter—nearly double the previous quarterly high of $503.7 million in the first three months of 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:

https://www.forbes.com/sites/billybambrough/2020/07/16/institutional-demand-for-bitcoin-soars-as-grayscale-reveals-record-breaking-near-1-billion-quarter/#7f0b39e61f57

https://cointelegraph.com/news/bitcoin-3-reasons-market-strategist-lyn-alden-is-increasingly-bullish

BITCOIN PRICE EXPLODES AS RARE BULL SIGNAL FLASHES!! | BTC Transactions Hit A Major Milestone Today

By admin — 3 years ago

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

The Bitcoin price just crossed the $9,800 resistance and may be well on its way to smash the major $10,000 physiological resistance next.

BTC was trending higher through the early European session on Thursday as a very rare bull signal flashed for the first time in 10 months.

Dubbed as Ichimoku Cloud, the technical indicator turned green to identify a long-term upside trend shortly after bitcoin surged towards $9,769.70 on Wednesday.

It also hinted at the imminent formation of a Golden Cross – a popular candlestick pattern that predicts an upcoming bull market. Analysts at trading signals provider TradingShot called out Ichimoku Cloud for its historical accuracy in the past three years.

They noted that the indicator correctly determined trend directions.

On October 11, 2019, for instance, the Ichimoku Cloud turned red that soon followed the formation of a Death Cross – the opposite of Golden Cross.

The BTC price fell by circa 25 percent shortly after the bearish signal. Similarly, when the Ichimoku Cloud rolled over to green on April 20, 2019, bitcoin soon established a Golden Cross on its daily charts.

The cryptocurrency later swelled by circa 170 percent to mark its year-to-date high towards $13,868.44.

TradingShot explained: “As you can see on the chart, after every bearish Ichimoku roll-over, a Death Cross follows shortly after. Respectively after every bullish Ichimoku roll-over, a Golden Cross follows. Since the new Ichimoku Bullish roll-over just took place, a new Golden Cross in pending (see on the chart how the MA50 and MA200 have already started to converge).”

The Bitcoin prediction came in tandem with similar bullish expectations all across the bitcoin market.

Experts, including billionaire investor Michael Novogratz, the CEO of Galaxy Investment Partners, said the cryptocurrency is eyeing a bull run towards or above $10,000 in the coming sessions.

In what Bitcoin (BTC) supporters are calling “relentless” and “unstoppable”, the BTC network just broke another record today.

For most people, Bitcoin’s success is usually measured in terms of its price.

Even if you’re a long-term HODLer, it’s hard not to get excited by some good old-fashioned volatility and epic 32% monthly hikes.

But while the number one cryptocurrency looks set to break $10,000 very soon, other key metrics are equally as impressive right now.

News has broken that Bitcoin network transactions just surpassed the half a billion mark today!

This number is confirmed by Blockchain.com and comes at a time when the Bitcoin network is hitting new records left and right.

🔥 [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:

Zoom out and keep it simple.

The $9100 flip was a big deal for #bitcoin. Former support of the ‘descending triangle’ and the China pump.

Ascending triangle forming on RSI with a clear uptrend channel on the daily. pic.twitter.com/h2ZTXdT8uR

— Jacob Canfield (@JacobCanfield) February 5, 2020

Bitcoin Transactions Hit a Major Milestone Today, Find Out Here

MAX KEISER SAYS BITCOIN WILL BECOME THE GLOBAL MONETARY STANDARD WITH A $100 TRILLION MARKET CAP!!

By admin — 3 years ago

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

Bitcoin pioneer Max Keiser, host of the Keiser Report and Orange Pill Podcast was among the first to insinuate the potential change of heart coming from Ray Dalio regarding BTC.

“The hedge fund industry is very competitive. Whether or not Dalio believes what he is saying, the magic of Bitcoin is pulling him into its orbit as the price goes higher. Ray Dalio is now one of Bitcoin’s drones. He’s doing Bitcoin’s bidding as BTC continues its march toward becoming the global monetary standard and a $100 trillion market cap.”

In other trending Bitcoin News today:

Bitcoin Price Drops to $52K, Liquidating Almost $10B

Fears of regulatory moves come as a brief hash rate crash from a Chinese power blackout already begins to rebound. Bitcoin (BTC) fell to sudden lows of $52,000 on April 18 in a timely reminder of how price action often follows hash rate.

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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:

Gold Has This One Advantage Over Bitcoin, Says Crypto Firebrand Max Keiser

https://cryptopotato.com/max-keiser-as-predicted-ray-dalio-admits-btc-has-proven-its-place-in-portfolios/

https://cointelegraph.com/news/bitcoin-price-drops-to-52k-liquidating-almost-10b

BITCOIN COULD SURGE TO K AMID RISING INSTITUTIONAL ADOPTION!! BTC GLOBAL HASH WARS!!

By admin — 3 years ago

➡️ Leverage OPM (Other People’s Money): http://100.cryptonewsalerts.net

An increasing amount of Bitcoin is being accumulated by institutions.

This much was made clear on Tuesday, when Stone Ridge Asset Management revealed to Forbes that it had picked up 10,000 BTC, representing one percent of its assets under management.

Investors think that further institutional adoption of the cryptocurrency could result in the Bitcoin price going parabolic.

Bill Barhydt, CEO of Abra and a former employee of the CIA and Goldman Sachs, recently said that if only 5% of the liquid assets that the top nine firms in the S&P 500 own were to enter Bitcoin, it would surge:

“9 companies alone in the S&P 500 are sitting on close to $600 billion in cash and short term investments. 5% of that moving into Bitcoin (or $30 billion) would likely 5x the price of Bitcoin given the lack of sellers. (3/6).”

While this math may not add up in your mind, take fiat amplifiers into account.

The amplifier is a concept that for every fiat dollar that is invested in Bitcoin or cryptocurrencies in general, the market capitalization of the space will grow than more than $1.

Estimates suggest that the fiat amplifier is anywhere from two to 25 times, depending on what phase of the market cycle cryptocurrencies are in.

In periods where investors are expecting upside, the fiat amplifier grows as investors don’t want to sell their coins too early.

Barhydt’s analysis of the institutional adoption situation comes as he is seeking to increase his personal exposure to Bitcoin.

He said that he is “considering doubling the allocation of Bitcoin in my personal portfolio to 25%.”

Explaining why he thinks this is a good idea, he pointed towards inflationary trends:

“Given the acceleration of currency inflation and the likely price inflation to follow this seems like a better weighting than my current 12%.”

He added that the contacts he has spoken with say that returns in legacy markets such as equities are likely to be “muted in the next five years.”

This trend may have the effect of driving capital into alternative assets that may be able to generate healthy returns such as gold and Bitcoin.

The comments he made are reminiscent of those made by a number of other investors in the space, who have dramatically increased their exposure to Bitcoin amid the ongoing macro backdrop.

Raoul Pal, CEO of Real Vision, for instance, has over 50% of his liquid net worth in Bitcoin.

In other trending Bitcoin News today:

Max Keiser Predicted Hash Wars: A New Front for Countries

The concept of fiat money can be said to be one of the best inventions of mankind.

However, that resulted in a huge wealth gap among the nations and people around the world.

It is no secret that the world’s top 10% richest hold 85% of the total wealth whereas the remaining 90% of people own only 15% of the total wealth.

Then came the year 2009 and we saw a rise of a new concept of money – a cryptocurrency called Bitcoin.

With the invention of cryptocurrency, we’ve stepped in a brand new world.

The first cryptocurrency Bitcoin revolutionized the whole concept of money, the way to transact it without the need of a third-party and a trustless system.

With the unprecedented rise of Bitcoin’s value in the past decade, the countries around the world started noticing the remarkable effect of cryptocurrencies on the global economy.

That opened a new gate – the fight for Bitcoin dominance. Hence the hash wars. To understand what hash rate is, basically it’s a measure of the processing power of the Bitcoin network.

So, whoever has more processing power on the Bitcoin blockchain network has more dominance over Bitcoin and its future.

🔥 [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:

How Bitcoin Could Surge 500% Amid Rising Institutional Adoption

https://cryptotop10.org/top-10/hash-wars-a-new-front-for-countries/

https://www.fidelitydigitalassets.com/articles/bitcoin-as-alternative-investment?ccmedia=owned&ccchannel=social&cccampaign=BIT_ALT&cctactics=twitter

https://decrypt.co/44880/bitcoin-should-be-5-percent-your-investment-portfolio-fidelity

Eerie Bitcoin Fractal Predicts It May Be Just Weeks Before Bitcoin (BTC) Hits $14,000

Three Altcoins Ready to Outperform Bitcoin (BTC), According to Crypto Analytics Firm Santiment

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‘Still So Early’ – 7% Of Americans Have Bought Bitcoin, Study Finds

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BITCOIN PRICE IS FALLING WITH THE STOCK MARKET!!!

FINANCIAL AUTHOR THINKS BITCOIN IS “LIKELY” TO BECOME THE WORLD RESERVE CURRENCY

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This Metric Suggests Bitcoin Price Can Go As High As $590K This Bull Run

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In other Crypto news today…

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Chainlink (LINK) Up 40% despite Ongoing Crypto Meltdown; More Gains Coming?

Massive $68 Trillion Wealth Transfer Bullish for Bitcoin (BTC), Says Crypto Influencer

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Reason# 1: Scarcity of Bitcoin

Reason #2: The May 11 halving

Reason #3: Backdrop of heightened levels of inflation

Institutional Demand For Bitcoin Soars As Grayscale Reveals Record-Breaking Near $1 Billion Quarter

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Bitcoin Price Drops to $52K, Liquidating Almost $10B

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Max Keiser Predicted Hash Wars: A New Front for Countries

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