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BITCOIN WILL SKYROCKET TO 0K BTC PRICE ‘BEFORE THIS DATE’ SAYS EERILY ACCURATE CRYPTO STRATEGIST

By admin — 3 years ago

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

“The Bitcoin price will skyrocket to $100,000 before 2023 comes to a close”, says the pseudonymous Crypto strategist who accurately forecasted the BTC price collapse from $11,600 to $6,400 in 2019.

Trader Dave the Wave is now marking the moment when he believes Bitcoin (BTC) will break out and begin its ascent to $100,000.

Dave tells his 37,000 Twitter followers that Bitcoin is slowly grinding up in an effort to take out its all-time high around $20,000.

“And the standard use of a technical pattern, known as the breakout of an ascending triangle, gives a target of 100K.”

Based on Dave’s chart, crypto enthusiasts would have to wait until the end of 2021 before Bitcoin catches fire and erupts.

The trader predicts that Bitcoin will skyrocket to $100,000 before 2023 comes to a close.

The crypto analyst also highlights that the slow climb will set the stage for a massive BTC explosion.

However, Dave acknowledges that just like any other prediction, his analysis can be wrong and BTC can surge to $100,000 ahead of 2023.

The trader shares a conversation that he had with PlanB, the first analyst to apply the controversial stock-to-flow model to Bitcoin.

In the thread, PlanB asked whether Dave’s model would be proven incorrect should Bitcoin climb above $100,000 before December 2021.

Says Dave….

“It would certainly be in extremis. The log growth curve could accommodate a brief spike to that price but price carrying on higher would invalidate/falsify the curve.”

In other trending Bitcoin News today:

World’s largest sovereign wealth fund indirectly holds almost 600 Bitcoin

Mainstream finance giants may hold more Bitcoin than you think.

The Norwegian Government Pension Fund, also known as the Oil Fund, has over $1 trillion in assets, including 1.4% of all global stocks and shares.

It is considered the world’s largest sovereign wealth fund.

According to Arcane Research’s report on Sept. 19, the fund also owns almost 600 Bitcoin (BTC) through its investment holdings.

Arcane Research analysis data shows that the Norwegian oil fund has 577.6 BTC through its investment in business intelligence firm MicroStrategy.

This puts the company’s portfolio in BTC at around $6.3 million.

The Norwegian Government Pension Fund has a 1.51% stake in MicroStrategy.

Michael Saylor, MicroStrategy founder, said in a recent tweet that the company owns 38,250 BTC.

“On September 14, 2020, MicroStrategy completed its acquisition of 16,796 additional bitcoins at an aggregate purchase price of $175 million. To date, we have purchased a total of 38,250 bitcoins at an aggregate purchase price of $425 million, inclusive of fees and expenses.”

In addition, two other major investment advisory companies, BlackRock Fund Advisors and the Vanguard Group, have a 15.24% stake (5829.30 BTC) and a share of 11.72% (4482.90 BTC), respectively.

BlackRock currently is the biggest shareholder in MicroStrategy, indirectly holding BTC.

The Vanguard Group is an American investment advisor with about $6.2 trillion in global assets under management (AUM) as of January 31, 2020.

It is the largest mutual funds provider and the second-largest provider of exchange-traded funds (ETFs) in the world after BlackRock’s iShares.

BlackRock Fund Advisors, on the other hand, has $7.3 trillion in AUM.

MicroStrategy has made a lot of headlines in the past few days as it announced a bold plan to invest in 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:

When considering network dominance in the crypto industry, I find it clarifying to separate crypto-asset networks like #Bitcoin from crypto-application networks like Ethereum & stablecoins. Bitcoin dominance has advanced from a low of 71.05% on December 20, 2017 to 93.57% today. pic.twitter.com/03cbWVyoLY

— Michael Saylor (@michael_saylor) September 20, 2020

https://cointelegraph.com/news/bitcoin-price-hits-1-week-low-as-us-dollar-currency-index-aims-higher

https://cointelegraph.com/news/worlds-largest-sovereign-wealth-fund-indirectly-holds-almost-600-bitcoin

MAX KEISER SAYS BITCOIN WILL ROCKET TO #post_titleM AS BIG INSTITUTIONS BUY BTC DIRECTLY FROM MINERS!!

By admin — 3 years ago

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

The Bitcoin price will rise exponentially until “it’ll get almost impossible to buy BTC as price rockets higher” Max Keiser has announced.

Speaking to Express.co.uk, RT host of the Keiser Report, Max Keiser said:

“The demand for Bitcoin is growing almost exponentially while supply is mathematically locked at 900 a day and in fact, in 2024, the supply gets cut in half again to 450 a day.

This is why I think institutions that are buying Bitcoin will do so directly from miners and the public won’t have a chance to buy any. The public will be shut out as the price rockets to $1,000,000 per BTC.”

“Meanwhile, Generation Z who bought lots of bitcoin when it was under $100, will be the new global power elite. The world order is about to flip.”

Studying the daily demand for Bitcoin from the world’s major exchanges, the current estimated average daily demand far outweighs the daily supply created by mining bitcoin.

The daily demand on exchanges amounts to 2,600 BTC, whereas the supply from mining is only 900 Bitcoin.

Of this disparity, Max Keiser said: “This is amazing, the daily demand from these four is 2,600 Bitcoin, but the daily supply from mining is only 900 Bitcoins.”

This Bitcoin prediction of an escalating price was also echoed by Dan Morehead, the CEO of Pantera Capital, who said:

“The first investment firm in the US to launch a digital currency, pre-auction ICO, and blockchain-enabled venture funds.

PayPal and CashApp already buying more than 100 percent of all newly-issued bitcoins. PayPal alone likely buying all within weeks. Where would Cash App get theirs? That’s where the finite-supply, inelasticity part comes in, at a higher price.”

Bitcoin expert Dan Held gave a list of the financial institutions “and trading legends” that recognize Bitcoin is the new gold.

Mr Held tweeted the following names and institutions, “Fidelity, JP Morgan, Bloomberg, Deutsche Bank, Citibank, Jeffries, Blackrock, Susquehanna, Jump Trading, Paul Tutor Jones and Stanley Druckenmiller”.

A follower of Mr Held tweeted: “Bitcoin will divide people into two groups. In those who have it and those who want it.”

In other trending Bitcoin News today:

“BlackRock Chief Investment Officer Says Bitcoin Will Overtake $10 Trillion Gold As Primary Store of Value”

Rick Rieder, chief investment officer of global fixed income at investment management corporation BlackRock, says he believes Bitcoin will surpass gold as the primary store of value.

In a CNBC Squawk Box interview, Rieder explains why he believes Bitcoin and cryptocurrency at large aren’t going anywhere.

“I think cryptocurrency is here to stay and I think it is durable and you’ve seen the central banks that have talked about digital currencies. I think digital currency and the receptivity, particularly millennials’ receptivity to technology and cryptocurrency is real. Digital payments systems is real so I think Bitcoin is here to stay.”

The BlackRock executive highlights why he believes Bitcoin will overtake gold as the go-to store-of-wealth asset.

“Do I think it will take the place of gold to a large extent? Yeah, I do because it’s so much more functional then passing a bar of gold around.”

While Rieder sees a rosy future for the largest cryptocurrency, he admits that he does not include much BTC in his corporate and business portfolios.

Also, the BlackRock CIO says he’s unsure whether Bitcoin is worth the price it is trading at today, which is around $18,770.

Rieder is the latest high-profile Wall Street figure to see the potential of Bitcoin. Earlier this month, billionaire investor Stanley Druckenmiller revealed he owns Bitcoin and said that the flagship cryptocurrency has more upside potential than gold.

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

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

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

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

Show Notes / Resources:

Current #bitcoin price action is nice, but we are waiting for a real jump (like the red arrows early 2013 and 2017). IMO that will be the start of the real bull market, and indeed phase5. January 2021? pic.twitter.com/orzwdCOcvP

— PlanB (@100trillionUSD) November 22, 2020

https://www.express.co.uk/finance/city/1363025/Bitcoin-price-news-update-latest-rocketing-surging-big-institution-banks-buy-directly-mine

https://cointelegraph.com/news/bitcoin-price-dips-below-18k-time-to-watch-these-whale-cluster-support-zones

CRYPTO ANALYST SAYS BITCOIN WILL SURPASS 0K – HERE’S WHEN!! K BTC IS NEXT REAL POSSIBILITY!!

By admin — 3 years ago

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

A crypto strategist who sent an early warning about the Bitcoin (BTC) big correction last year is back with another bold prediction.

Dave the Wave is highlighting a new outlook from entrepreneur and Bitcoin investor Bob Loukas, who expects BTC to crater at the end of the current bull cycle.

Dave predicts that after the current bull market, Bitcoin will go through a “solid correction” for a few years before restarting a new boom cycle that will catapult the leading cryptocurrency above $280,000 at the end of 2027.

BTC investor Bob Loukas tweeted:

“To date, cryptofinance remains a laughed at and obscure market on the fringe of finance. Near the top of the next great Crypto bubble, market cap and penetration will hit ‘warning levels’ that concern the financial establishment.

In response, I believe you’re going to see coordinated full attack that will send crypto into savage + prolonged bear market. (Time+Price) Of course, it will adapt. Engineers will dig deeper. And in many ways, that act will serve as its right of passage.”

In the short term, however, Dave is telling is 38,000 followers that the month-long Bitcoin correction may be coming to an end as technical indicators flash bullish signals.

“Third time lucky?”

The crypto strategist is also keeping a close eye on the performance of a select group of altcoins, which includes Ethereum (ETH/USD), Chainlink (LINK/USD), Cardano (ADA/USD), NEO (NEO/USD), Monero (XMR/USD), and Tezos (XTZ/USD).

Based on Dave’s chart, Chainlink has been the best performer since the 2018 bear market bottom, and it is closely followed by Ethereum, Cardano, NEO, Monero, and Tezos.

Dave compares the long-term timeframe charts of Ethereum and Bitcoin (BTC/USD).

By doing so, according to the trader, Ethereum is poised to explode as it is a full bull market cycle behind Bitcoin. “And the fuller history… suggesting ETH a cycle behind.”

In other trending Bitcoin News today:

THREE KEY REASONS WHY BITCOIN’S MACRO CHART IS STILL BULLISH

Bitcoin’s macro trend remains bullish despite its inability to hold above crucial technical levels during the summer rally.

One crypto-asset analyst recently shared a series of charts and tweets showing that there are multiple reasons to be bullish on Bitcoin from a macro time frame.

Three of these reasons are as follows:

– Bitcoin has flipped the middle of the macro 1,000 range into support, meaning it looks primed to test range highs at $14,000.

– Bitcoin recently broke the multi-year downtrend that originated from the $20,000 all-time high set in December 2017. The downtrend was even retested by Bitcoin in late July, suggesting that it is acting as support. BTC breaking this trendline is important as it acted as resistance in 2019.

– BTC retraced to the “golden pocket” Fibonacci Retracement level in March, suggseting there will be an “impulse wave” towards all-time highs over time.

Underlying on-chain trends agree with the positive sentiment put forth by the aforementioned trader.

Glassnode reported that the number of BTC whales has been on a strong incline since the 2018 lows:

“The number of Bitcoin whales (entities holding ≥ 1K BTC) has been on an upwards trend for the past months. An indication that more high-net-worth individuals are entering the space to invest in Bitcoin in expectation of $BTC price appreciation.”

Other on-chain trends supporting Bitcoin growth include an increase in the realized cap and a decreasing number of BTC on exchanges, which should support price growth.

🔥 [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://dailyhodl.com/2020/10/12/after-calling-one-of-bitcoins-biggest-crashes-this-crypto-analyst-says-btc-will-surpass-280000-heres-when/

Three Key Reasons Why Bitcoin’s Macro Chart Is Still Bullish

https://cointelegraph.com/news/17k-bitcoin-price-a-real-possibility-if-bulls-flip-12k-to-support

BITCOIN WILL CONTINUE TO CANNIBALIZE GOLD DRAMATICALLY OVER NEXT DECADE!! BTC AND DEFI WEEKLY RECAP!

By admin — 3 years ago

➡️ On September 9th Teeka Tiwari will reveal how just one deal could make you Set For Life, register here: http://teeka.cryptonewsalerts.net️

Bitcoin Billionaires, the Winklevoss twins, believe BTC as “digital gold” would compete against gold over the long term, recently making the case for a $500K Bitcoin price.

Specifically, its immense upside potential makes it an attractive investment since the Bitcoin market capitalization is still roughly only 1.5% of gold.

Cameron Winkelvoss, the co-founder of Gemini, said BTC has already made significant ground on gold. He said:

“Bitcoin has made significant ground on gold — going from white paper to over $200 billion in market capitalization in under a decade. It will continue to cannibalize gold dramatically over the next decade.”

Warren Buffett and Berkshire Hathaway substantially cut their position on Wells Fargo, selling 100 million shares.

The Oracle of Omaha is continuing to trim his position in bank stocks, buoying the bull case for gold and Bitcoin (BTC).

Berkshire reportedly held $32 billion in equity in Wells Fargo at one point, Fox Business reported on Sep. 5. The investment conglomerate now owns 3.3% in equity of the lender, worth just $3.36 billion.

Throughout his career, Buffett emphasized the importance of value investing and cash flow.

The investor typically prefers businesses with predictable and stable operations that result in consistent profitability.

In July, Wells Fargo posted a $2.4 billion loss, recording its first loss since the 2008 housing crisis. Following the disappointing quarterly report, the company said it would cut its dividend to 10 cents per share.

But the persistent theme in Berkshire’s portfolio reshuffle in recent months is its investment in Barrick Gold.

While decreasing its exposure to the U.S. banking sector, Buffett invested in gold and Japanese trading companies.

The decision shows that Buffett is seeking safety in terms of cash flow and a hedge against inflation.

The Barrick Gold investment fuels the bull case of Bitcoin because the perception of BTC as a store of value is improving, especially given the tight correlation between the two since the March 2020 crash.

In other trending Bitcoin News today:

Perfect storm leads to big sell-off for Bitcoin and DeFi: Weekly Recap

A significant drop in equities markets was led by blue-chip stocks that had been at all-time highs.

As this occurred, many tokens tied to DeFi platforms corrected sharply, most notably, SushiSwap (SUSHI) which lost nearly 40 percent of its value.

The correction in traditional markets appears to have influenced Bitcoin’s (BTC) more than 10 percent drop before a small bounce back to the $10.3-$10.4K range.

Ethereum transactions soared to multiple new all-time highs for the second time in three weeks and Uniswap V2: Router 2 is now the lead contributor to gas usage, according to Etherscan.

The decentralized exchange is followed by Tether (USDT); and then the latest DeFi sweetheart that is SushiSwap: MasterChef LP Staking Pool.

And so, Tether has finally been dethroned from its top spot as the main contributor of gas usage.

The fact that it was toppled by none other than a DeFi platform speaks a lot for the recent growth of the industry and, as it stands, over $9.34 billion is locked across various platforms.

Currently, Aave, Maker and Uniswap constitute about $1.5 billion TVL each.

On the one hand, DeFi is a high risk, high reward market, but so is trading small-cap (pink sheet) stocks. Both clearly have a

🔥 [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 has made significant ground on gold — going from white paper to over $200 billion in market capitalization in under a decade. It will continue to cannibalize gold dramatically over the next decade.

— Cameron Winklevoss (@winklevoss) September 4, 2020

Buffett’s move into Japan, along with his $GOLD investment, confirms he’s getting out of $USD BIGLY $USD is trending lower today, about to break key support #Bitcoin – Gold – Silver

Will all make new ATH in the near term

— Max Keiser (@maxkeiser) August 31, 2020

Bought more $LINK and $YFL

Because Chainlink based asset tend to be some of the fasted to recovery post Bitcoin dips

— Josh Rager 📈 (@Josh_Rager) September 3, 2020

https://cointelegraph.com/news/buffett-dumps-wells-fargo-amplifying-bull-case-for-gold-and-bitcoin

https://dailyhodl.com/2020/09/03/analyst-says-hes-bullish-on-four-altcoins-after-big-bitcoin-and-crypto-market-sell-off/

https://cointelegraph.com/news/perfect-storm-leads-to-big-sell-off-for-bitcoin-and-defi-weekly-recap

KRAKEN REPORT: Most Traders Expect New All-Time High Bitcoin Price in 2020 | BTC Drops to .1K

By admin — 3 years ago

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

A user poll conducted by Kraken has revealed that most BTC traders are expecting the Bitcoin price to break into new all-time highs before 2021.

The poll analyzed the responses of 400 “VIP” crypto traders on Kraken: 41% of respondents described themselves as “investors”, 40% identified as “traders”, and 15% as “institutions” — with the remaining 4% comprising payment processors, crypto exchanges and miners.

84% of respondents manage less than $10 million in capital, while 11% manage between $10 million and $50 million.

The remaining 6% is divided evenly between traders managing from $50 million to $100 million and traders mobilizing more than $100 million.

The survey found that the average BTC price target for 2020 is $22,866.

However, traders do not expect Ethereum (ETH) to also see new highs — with $810 comprising the average price target for ETH.

The overall market sentiment is slightly bullish, with 44% of participants stating that the cryptocurrency markets are in a bull market, while 22% believe we are in a bear trend and 34% stating they are unsure.

There was little consensus among traders as to what will accelerate crypto’s growth over the next 12 months, with the top answer comprising “adoption” with 19%.

Bitcoin’s upcoming halving came second with 15%, followed by political “conflict” with 11%, “fear of missing out” with 11%, and economic “crisis” with 9%.

Respondents came to a greater agreement regarding the major threats to the industry — with 32% of participants agreeing that “regulation” comprises the biggest risk to crypto, followed by “fraud, hacks, scams” with 23%.

Bitcoin Price Drops to $6.1K Shortly After Equities Markets Close Red After trading in the $6,450 to $6,850 range for the past eight days, Bitcoin (BTC) price finally made a larger move, this time to the downside, as the digital asset dropped 8.72% to a daily low at $6,068.

The move somewhat mirrors the performance of traditional markets, which also closed the day with losses.

The Dow closed with a 915 point loss, the S&P 500 pulled back 3.37% and the Nasdaq was down 3.79%.

The break below $6,550 pulled the price below the ascending trendline and the $6,450 support.

Traders had anticipated that a sharp move was on the cards after the price had traded sideways on declining volume for the majority of the week, also failing to push above $6,850 and flip the resistance to support.

🔥 [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:

Kraken’s 2020 Sentiment Survey: Where We Are & What’s To Come

https://cointelegraph.com/news/bitcoin-price-drops-to-61k-shortly-after-equities-markets-close-red

https://cointelegraph.com/news/most-traders-expect-new-all-time-high-price-for-bitcoin-in-2020

BITCOIN BULL RUN: 3 Reasons Why BTC Price Will Continue To Surge | .5K Bounce Next?

By admin — 3 years ago

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

BITCOIN ON VERGE OF ENTERING SIX-MONTH BULLISH CHANNEL!

Bitcoin (BTC) awakened from its post-holiday slump, breaking easily above $8,000.

A combination of geopolitical tensions and renewed appetite for trading led the BTC price as high as $8,459.

The most recent Bitcoin price move also shifted the analysis of technical indicators, signaling bitcoin may be ready to follow a bullish scenario.

Three technical indicators suggested a new upward drive may be possible.

Bitcoin managed to bounce off the years-long trend of higher lows.

The second technical factor was a small head-and-shoulders pattern.

In other Bitcoin news today, the BTC price can bounce to $9.5K after filling futures gap according to analysts.

Michaël van de Poppe shared the retracement looked primed to bounce at press time levels.

These, he noted, represented a gap in CME Bitcoin futures prices — around $7,960 — something Bitcoin has historically sought to “fill” on multiple occasions.

“This flip would be the best + closing the CME gap,” he summarized in his latest Twitter post on Thursday.

🔥 [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:

Has a new bull market began in #Bitcoin $BTC? 1. Market held support at lower boundary of multi-yr channel2. Small H&S bottom on daily chart3. Pending penetration of 6+ mo channelIf enough cryptocultists have been shaken out since Dec ’17, then “yes”

If not, then “no” pic.twitter.com/vpKQeOKqLI

— Peter Brandt (@PeterLBrandt) January 8, 2020

$BTC #BITCOINThis flip would be the best + closing the CME gap. Breakout upwards and I’d be aiming for $9,500 (or $11,000 as $9,500 is the same as $6,000 -> everybody wants to short there -> extra fuel).

Losing green and $6,900 – 6,400 are on the table. pic.twitter.com/jBS7jG34Sy

— Crypto Michaël (@CryptoMichNL) January 9, 2020

$BTC Price had an initial rejection off key area $8400s that previously as resistance/supportWatching for a pullback $7800s-$7900s before a bounce and push to the upside for retest

Not out of the bear woods yet, take it level by level, day by day pic.twitter.com/Vby6KexBIQ

— Josh Rager 📈 (@Josh_Rager) January 8, 2020

Bitcoin Bull Run: 3 Reasons Why BTC Will Continue to Surge

https://cointelegraph.com/news/bitcoin-price-can-bounce-to-95k-after-filling-futures-gap-analyst

Key Bitcoin Price Indicator Suggests Massive Bull Run | Owning 1 BTC Soon Be Out Of Reach for 99.8%

By admin — 3 years ago

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

The blockchain intelligence firm Glassnode says a key Bitcoin price indicator suggests the crypto market remains in the early days of a long-term bull run.

According to Glassnode, the number of BTC addresses with unrealized profit is at similar levels to the start of three major rallies.

Unrealized profit is calculated by taking the difference between the current BTC price and the price at the time that Bitcoin in a given address last moved.

It’s a sign of how many traders are determined to hold on to their investment.

Meanwhile, Bitcoin’s hash rate is hitting new all-time highs.

The hash rate is a mathematical representation of the amount of computing power dedicated to processing Bitcoin transactions.

The higher the number, the stronger and more secure the network. The high water mark suggests miners that power the leading cryptocurrency are feeling bullish on their ability to turn a profit by powering the network.

Owning One Bitcoin (BTC) Will Soon Be Out of Reach for 99.8% of World’s Population, Says Morgan Creek Digital Co-Founder

Morgan Creek Digital co-founder Jason Williams says owning a single Bitcoin will soon be out of reach for the vast majority of the world’s population as Bitcoin (BTC), the leading cryptocurrency by market cap, eventually moves past the upcoming halving event in May.

Williams highlights the popular stock-to-flow model by crypto analyst PlanB in the run-up to the Bitcoin halving.

The event, which happens approximately once every four years, cuts the supply of new Bitcoin entering the market in half.

According to Williams, the halving could make Bitcoin too expensive for the average Joe to afford, if in fact the event has a similar impact on price as the past two halvings.

Several crypto influencers have released high-flying Bitcoin price targets due to the halving. Tim Draper, founder of Draper Associates, predicts the halving event will push the cost of Bitcoin to over $250,000 before 2023.

By that time, he expects BTC to become the currency of choice.

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

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

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

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

Show Notes / Resources:

In approximately 200 days (69 days until the halving) buying 1 #bitcoin will be out of reach of 99.8% of the population of the earth.

— Jason A. Williams 🦍 (@JWilliamsFstmed) March 1, 2020

$Btc Ground found from the region which was mentioned in previous btc post few days ago 😊For me right now, there is no reason to assume this is not a lower high atm.

I am looking for us to go towards 9150 region before potential drop for new lows https://t.co/pes1g7c5Ez pic.twitter.com/uAe3Fjxe20

— The Cryptomist (@TheCryptomist) March 2, 2020

https://cointelegraph.com/news/bitcoin-holds-87k-as-concern-mounts-over-coronavirus-stocks-party

BITCOIN WHALES QUIETLY MASS ACCUMULATE!! ETHEREUM ACCELERATING FASTER THAN BTC, SAYS MACRO GURU!!

By admin — 3 years ago

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

Bitcoin whales are busy buying BTC now that the Bitcoin price of the top crypto has dropped from an all-time high of nearly $65,000 to below $40,000. According to the crypto analytics firm Santiment, Bitcoin addresses holding 100 to 10,000 BTC added a total of 90,000 BTC in the last 25 days – currently valued at $3.38 billion.

The firm says this group of BTC holders now accounts for nearly half of the circulating supply of the benchmark cryptocurrency. “They now hold a 7-week high of 9.11 million BTC, currently worth a total of $366.89 billion at this time, and 48.7% of the total Bitcoin supply.”

In other trending Bitcoin News Today: Ethereum Clear Front Runner in Crypto Adoption, Accelerating Faster Than Bitcoin: Macro Guru Raoul Pal

Real Vision founder and macro analyst Raoul Pal says Ethereum is beating Bitcoin in the race for widespread user adoption. In a new interview on UpOnly, Pal highlights the key criteria underscoring Ethereum’s popularity and an adoption rate that is far outperforming Bitcoin.

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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:

For the first time in 50 yrs, since the world went on a fiat standard – with no country’s currency backed by Gold – a country is now backing its currency with something scarcer and harder than Gold. The fiat currency era is over. A global #Bitcoin standard is emerging. pic.twitter.com/uE1DAO1gyP

— Max Keiser (@maxkeiser) June 18, 2021

https://cointelegraph.com/news/chinese-bitcoin-mining-shakeout-may-have-surprise-btc-price-consequences-analyst

https://cointelegraph.com/news/bitcoin-may-lose-30k-price-level-if-stocks-tank-analysts-warn

BITCOIN PRICE WILL SOON SHOOT TOWARDS K, THEN K PER BTC PREDICTS THIS EERIE SILVER FRACTAL!!

By admin — 3 years ago

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A narrative has formed over recent months that the Bitcoin price is closely correlated with gold.

But according to a recent analysis shared by a crypto trader, BTC may actually be closely correlated with silver.

The issue with this correlation is, silver’s price action is preceding that of Bitcoin by a few weeks.

The trader in question shared the chart on August 23rd.

The chart shows that should Bitcoin’s trajectory continue to follow that of silver, the cryptocurrency will soon trade at $20,000.

After hitting $20,000, the fractal also suggests that the BTC price will move to $30,000.

Few analysts actually expect Bitcoin to hit $30,000 this year, especially in just a few months.

But many analysts and investors, like BitMEX’s Arthur Hayes and Galaxy Digital, are adamant that $20,000 will be breached in 2020.

The fundamentals, like the silver fractal aforementioned, also suggest that Bitcoin is likely to move higher from here.

Mike McGlone, the senior commodity analyst at Bloomberg Intelligence, recently said that Bitcoin’s trend of volatility suggests an uptrend is intact:

“Stuck between 3-9x over the past few years, the price of Bitcoin per ounce of gold tilts the crypto toward resuming appreciation, if volatility history tells us anything. The Aug. 19 cross rate of 6x is the same as in 2017, yet Bitcoins’s volatility has dropped relative to gold.”

McGlone has been touting the Bitcoin bull case for months now.

Also core to his positive sentiment is the influx of investment the cryptocurrency space is seeing, exemplified by institutional money flows through the CME, Grayscale, and other avenues:

“Bloomberg Intelligence Commodity Primer – Something unexpected needs to happen for #Bitcoin’s price to stop doing what it’s been doing for most of the past decade: appreciating. Demand and adoption metrics remain favorable vs. the #crypto asset’s unique attribute of fixed supply.”

McGlone says that Bitcoin could hit $20,000 in 2020, citing the similarities between this market cycle and the last one.

In other trending Bitcoin News today:

Fed, futures and fundamentals: 5 things to watch in Bitcoin this week

Bitcoin (BTC) starts another week in a bullish mood as hurdles line up to shape price trajectory.

Here are five factors determining where BTC/USD may go in the coming days, and what traders should look out for.

1 – All eyes on the Fed and U.S. inflation

Stocks saw records last week with the S&P 500 hitting all-time highs.

Despite a lower overall impact on Bitcoin, moves on macro markets are still more than capable of spilling over into cryptocurrency.

2 – Analyst eyes $9,600 for BTC price “buy the dip”

In a transaction analysis video on Sunday, van de Poppe added that in the event of a breakdown, the “buy the dip” level to look out for would nonetheless fall below $10,000.

“The real level I’m watching for buy the dip levels if we do break out is between $9,600 and $9,900,” he summarized.

3 – Bitcoin difficulty hits a new record

A mixed bag for Bitcoin fundamentals saw network difficulty adjust upwards 3% to hit new all-time highs, but hash rate trend lower.

According to data from monitoring resource BTC.com, difficulty increased by 3.6% on Monday to hit 18.17 trillion.

4 – $730 million options expire

62,000 BTC ($730 million) worth of Bitcoin options will expire on Aug. 28, reminiscent of the end-of-month action from June.

5- “Extreme greed” reigns supreme

Bitcoin investor sentiment is “extremely greedy” and getting greedier.

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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:

This Eerie Silver Fractal Predicts Bitcoin Will Soon Shoot Towards $20k

https://cointelegraph.com/news/fed-futures-and-fundamentals-5-things-to-watch-in-bitcoin-this-week

$1 MILLION BITCOIN PRICE MODEL NOT BUILT TO LAST! | BTC YTD Performance Exceeds 140% MILLION BITCOIN PRICE MODEL NOT BUILT TO LAST! | BTC YTD Performance Exceeds 140%

By admin — 3 years ago

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PlanB, the widely-followed anonymous cryptocurrency analyst who first applied the stock-to-flow ratio to the Bitcoin price says, “The model is not built to last forever.”

The model, which tracks the circulating supply of an asset against the amount of new supply hitting the market has proved remarkably accurate for tracking Bitcoin’s past price action.

Using the model, the outlook from PlanB indicates the BTC price could hit $100,000 sometime around the year 2021 and break $1 million around 2025.

But in a new series of tweets, PlanB says he’ll be happy if the model maintains accuracy for the next two to three more halvings, which is the equivalent of about 4.5 to 8.5 years.

🔥 [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.

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Bitcoin YTD Performance Exceeds 140%, Outperforms Most Traditional Assets

This is becoming scary: using Oct instead of Dec data, Stock-to-Flow model fit improves to 99.5% R2! Model error was mainly caused by Nov2013 and Dec2017 ATH, so sampling without ATH gives less noise. Predicted #bitcoin prices increase: $100K (2020+), $1M (2024+), $10M (2028+)… pic.twitter.com/1WX6LOVxZW

— PlanB (@100trillionUSD) July 14, 2019

I normally don’t deploy statistical models 120+ years out into the future. I would be happy if the model holds for 1 or 2 or maybe 3 more halvings. Especially since BTC is measured in $ .. who knows what happens with $ if the FED keeps doing more QE (money printing).

— PlanB (@100trillionUSD) October 31, 2019

Coins in Jan 2019 vs Nov 2019 $BTC = $3.7k –> $9.2k$ETH = $133 –> $185$LTC = $31 –> $58$XRP = .34c –> .29c$BNB = $5 –> $20 $LINK = .30 –> $2.68$EOS = $2.56 –> $3.31$BSV = $89 –> $132$BCH = $154 –> $294

MCap has 2x’d in USD & $XRP still ended up in the red.

👀— CryptoThies (@KingThies) November 3, 2019

World’s largest sovereign wealth fund indirectly holds almost 600 Bitcoin

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“BlackRock Chief Investment Officer Says Bitcoin Will Overtake $10 Trillion Gold As Primary Store of Value”

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THREE KEY REASONS WHY BITCOIN’S MACRO CHART IS STILL BULLISH

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Perfect storm leads to big sell-off for Bitcoin and DeFi: Weekly Recap

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BITCOIN ON VERGE OF ENTERING SIX-MONTH BULLISH CHANNEL!

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Owning One Bitcoin (BTC) Will Soon Be Out of Reach for 99.8% of World’s Population, Says Morgan Creek Digital Co-Founder

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Fed, futures and fundamentals: 5 things to watch in Bitcoin this week

1 – All eyes on the Fed and U.S. inflation

2 – Analyst eyes $9,600 for BTC price “buy the dip”

3 – Bitcoin difficulty hits a new record

4 – $730 million options expire

5- “Extreme greed” reigns supreme

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