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$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:

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

News Resources From Today’s Show:

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

THE 6 RICHEST PEOPLE IN THE CRYPTO INDUSTRY!! PAUL TUDOR JONES CALLS BITCOIN ‘100% CERTAIN’!!

By admin — 3 years ago

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Who Are The Six Richest People In The Bitcoin / Cryptocurrency Industry? The Coin Bureau YouTube channel launched an investigation and reached credible conclusions. To make this fair, they focused on people who hold most of their assets in cryptocurrencies. That makes people like Coinbase’s Brian Armstrong and MicroStrategy’s Michael Saylor ineligible, because most of their fortunes are tied to their companies. It also discards all the billionaires that have a small percentage of their fortunes in crypto.

In other trending Bitcoin News today: Billionaire Paul Tudor Jones Calls Bitcoin ‘100% Certain,’ Unveils Portfolio Allocation to BTC!

“Listen, I like Bitcoin. Bitcoin is math, and math has been around for thousands of years. Two plus two is gonna equal four, and it will for the next two thousand years. So, I like the idea of investing in something that’s reliable, consistent, honest and 100% certain. So Bitcoin has appeal to me because it’s a way for me to invest in certainty.”

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

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

Show Notes / Resources:

Are These The 6 Richest People In The Crypto Industry ?

https://cointelegraph.com/news/pantera-ceo-crypto-market-panic-is-subsiding-now-s-the-time-to-buy

https://cointelegraph.com/news/millionaire-whales-gobble-up-90-000-bitcoin-over-past-25-days

https://cointelegraph.com/news/bitcoin-price-edges-higher-as-fed-inflation-meeting-sends-dxy-to-2-month-high

INFLUENTIAL CRYPTO ANALYST SAYS BITCOIN (BTC) COULD REACH MILLION!! ETHEREUM 2.0 UPDATES!!

By admin — 3 years ago

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

A well-known Bitcoin influencer and analyst just gave one of the most bullish Bitcoin price predictions on record, saying the top cryptocurrency could skyrocket to $5 million per BTC.

The pseudonymous analyst, known in the industry as Carl the Moon, has a collective following of 170,000 on Twitter and YouTube.

In a new interview with Coin Post, he says the bold Bitcoin prediction depends on the future of fiat currency.

“If you look at the currency supply of the world, it is currently valued at $100 trillion. If Bitcoin takes over this whole pool of liquidity, this fiat money pool, then this means that Bitcoin could potentially take over this market cap and that would put Bitcoin at approximately $5 million per Bitcoin.”

Carl says he believes the current global economic landscape is favorable for the number one cryptocurrency.

“I think it’s obvious that Bitcoin is eventually going to break $20,000. We’re seeing central banks printing currency like never before. And what we’re seeing is [an] historical amount of currency printing, this is the exact scenario that Bitcoin was created for. Fundamentally, Bitcoin is looking extremely bullish, much more bullish than on a technical level.”

While the pseudonymous analyst is bullish on Bitcoin, he says that most traders will likely lose money trying to time BTC’s price action.

“I think that people that hold Bitcoin will be the biggest winners in the world because Bitcoin has been the best performing asset of the previous decade. It will continue to be the best performing asset of this decade in my opinion.

Traders can make more money than holders if they actively trade and if they know what they’re doing. But people that are not experienced tend to lose money when trading. Approximately, 80 to 90% of people that trade actually lose money over time.”

In the short-term, the analyst says Bitcoin just needs to break $14,000 in order to start the big uptrend.

“I believe Bitcoin is currently in a bull market but I’m not so sure that we have started the big Bitcoin bull run just yet… The big question is will Bitcoin be able to break this previous high. There was a high at approximately $14,000 back here in June – July 2019. I think that when we break this level, then I can say for sure we are guaranteed in a bull market.”

Carl, who, says Bitcoin must stay above a crucial technical indicator to have a chance to breach key resistance of $14,000 and then move on to $20,000.

“For us to reach $20,000 obviously we’re going to have to reach $14,000 first, but more importantly we have to break it. If we get rejected here, then that would be a bad sign… If Bitcoin can hold above this 20-weekly moving average here, then the 20-weekly might look something like this and we will see the Bitcoin price maybe do something like this.

In that case, maybe we could see Bitcoin break above $14,000 before April 2021. When we break the $14,000, then I think we’re going to see a huge candle. We’re going to see a massive move up to $20,000.”

In other trending Bitcoin News Today:

Vitalik Buterin Updates Ethereum 2.0 Roadmap, Details Plans to Exponentially Increase Scalability

The Ethereum co-founder says the leading smart contract protocol will rely on rollups to massively elevate the throughput of the leading smart contract platform by over 666,500%.

“Today, Ethereum has ~15 TPS (transactions per second). If everyone moves to rollups, we will soon have ~3000 TPS. Once phase 1 comes along and rollups move to eth2 sharded chains for their data storage, we go up to a theoretical max of ~100000 TPS… Eventually, phase 2 will come along, bringing eth2 sharded chains with native computations, which give us… ~1000-5000 TPS.

🔥 [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/2020/10/04/influential-crypto-analyst-says-bitcoin-could-reach-5-million-but-most-traders-will-lose-money/

https://news.bitcoin.com/kucoin-ceo-says-exchange-hack-suspects-found-204-million-recovered/

https://dailyhodl.com/2020/10/04/influential-crypto-analyst-says-bitcoin-could-reach-5-million-but-most-traders-will-lose-money/

ENORMOUS INSTITUTIONAL WALL OF MONEY WILL PUSH BITCOIN (BTC) TO ENORMOUS INSTITUTIONAL WALL OF MONEY WILL PUSH BITCOIN (BTC) TO $1 MILLION , SAYS MACRO STRATEGIST! MILLION , SAYS MACRO STRATEGIST!!

By admin — 3 years ago

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

Raoul Pal, the founder and CEO of Global Macro Investor who has more than 50% of his capital in Bitcoin, is anticipating a wave of institutional funds to push the BTC price to $1,000,000 in the next 5 years.

In an interview with Stansberry Research, the former hedge fund manager says that the world economy is moving from the “hope phase” to the “insolvency phase” as investors realize that the economy is going to recover from the COVID-19 pandemic much slower than originally expected.

Along with institutional adoption, he believes this narrative may create the perfect set-up for a huge long-term BTC bull cycle.

“…There’s no stimulus around, and we’ve got more problems to come in Europe, the US and elsewhere, and businesses don’t have enough cash flow. They’re closing in droves and that’s what I call the ‘Insolvency Phase’…

“Yeah, I think [$1 million is] about right. Just from what I know from all of the institutions and all of the people I speak to, there is an enormous wall of money coming into this. It’s an enormous wall of money. Just the pipes aren’t there to allow people to do it yet, and that’s coming, but it’s on everybody’s radar screen and there’s a lot of smart people working on it.”

Though Pal considers himself a “hybrid adopter” of both gold and Bitcoin, he still says that he’s considering selling his gold to buy more Bitcoin.

“When you get to the macro opportunity, when it’s all happening and Bitcoin starts breaking out of these patterns that its been forming, it is going to massively outperform gold. I am 100% sure of that, so in which case, why would I have a gold allocation?”

In other trending Bitcoin News today:

ANALYST: BREAKING THIS ONE LEVEL COULD SEND BITCOIN TO $14,000+

Bitcoin and the entire crypto market have been caught in the throes of a consolidation phase in the time following BTC’s surge from $10,600 to $11,400.

This move was significant and seemed to indicate a trend reversal working in favor of buyers.

BTC’s momentum has slowed, but this may mark bulls’ attempt to garner enough support to spark a continuation of this uptrend.

One analyst is now noting that a move past $14,000 could be imminent in the near-term if the crypto can surmount $11,600.

Bitcoin has remained strong despite bears attempting to thwart its uptrend. It is currently trading up nearly $1,000 from where it was just over a week ago.

This strength may extend further, as its ongoing consolidation phase does appear to be shifting the cryptocurrency’s trend and positioning it for further upside.

Despite Bitcoin’s slowing momentum as it hovers around $11,400, one analyst believes that it is on the cusp of potentially seeing significantly further gains in the days and weeks ahead.

He notes that it all depends on how BTC reacts to $11,600, a key near-term resistance level to observe.

“BTC: If $11,600 gets flipped I see a clean $14k+… Until then I think we reject/range around $11,600 and dump lower,” the analyst said while pointing to the below chart.

Because this level sits less than 2% above where Bitcoin is currently trading, a test of it could be right around the corner.

🔥 [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:

Analyst: Breaking This One Level Could Send Bitcoin to $14,000+

https://cointelegraph.com/news/dollar-dip-meets-hash-rate-boom-5-things-to-watch-in-bitcoin-this-week

Bitcoin Halving Will be ‘Make or Break’ for Stock-to-Flow Model: PlanB | K BTC Price End of 2020

By admin — 3 years ago

➡️ Tradecraft: http://tradecraft.cryptonewsalerts.net

The creator of the stock-to-flow (S2F) Bitcoin (BTC) price model says that the upcoming block reward Bitcoin halving will decide if it lives or dies.

In a series of tweets on April 16, PlanB said that he is sticking by the Bitcoin price increasing by “an order of magnitude” in the two years after the May halving.

“IMO bitcoin 2020 halving will be like 2012 & 2016. As per S2F model I expect 10x price (order of magnitude, not precise) 1-2 yrs after the halving. Halving will be make-or-break for S2F model. I hope this halving will teach us more about underlying fundamentals & network effects”

Stock-to-flow measures the issuance of new Bitcoins each block against Bitcoin’s existing supply, a method which has proven highly accurate in charting price performance.

According to the model’s latest incarnation, BTC/USD should hit $30,000 by the end of 2020.

Continuing, PlanB responded to queries regarding Bitcoin’s correlation to traditional markets.

A key concern among many traders is that a repeat of March could still occur, BTC/USD shedding 60% in a day as stocks crashed.

Highlighting the Dow Jones, PlanB argued that current correlation was the result of the broader coronavirus crisis, and was not a permanent feature for Bitcoin:

“During crisis everything is correlated. What’s next is what’s interesting. They will not be correlated forever (in my opinion).”

Promising to throw out the stock-to-flow model altogether if it fails to deliver as planned, he added that he nonetheless was not nervous about such a scenario occurring.

Recently, some well-known cryptocurrency figures have criticized the concept, arguing it is simply too optimistic and has created a “cult” which reinforces its prognosis.

As Cointelegraph reported, they include Ethereum co-founder Vitalik Buterin and a Bitcoin whale known as J0E007.

“To be clear: I expect S2F-price relationship to hold,” PlanB confirmed.

Here’s Why Bitcoin Rallying 15% to $8,000 Is Just a Matter of Time

Ever since the $3,700 bottom, Bitcoin has mounted an impressive comeback, rallying as high as $7,500 last week as global markets have also seen a similar recovery to pre-crash levels.

But the rally might not be done yet. Crypto trader LightCrypto, or just Light, recently remarked that it “feels like $8,000 is at hand,” referencing his sentiment that the cryptocurrency could soon rally just under 15% from current levels to $8,000.

As to why this is the case, he remarked that with the potential of new buyers “absorbing profit-taking [by longs] and miner selling,” there’s a good chance $7,000 will be “accepted,” which could result in another strong leg to the upside.

🔥 [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:

IMO #bitcoin 2020 halving will be like 2012 & 2016. As per S2F model I expect 10x price (order of magnitude, not precise) 1-2 yrs after the halving. Halving will be make-or-break for S2F model. I hope this halving will teach us more about underlying fundamentals & network effects pic.twitter.com/kiTdN0n3Lu

— PlanB (@100trillionUSD) April 16, 2020

Acceptance of this price level comes from new buyers absorbing profit-taking and miner selling. After 1 month of consolidation, it seems that tension will be resolved shortly, with enough kindling built up for a strong leg.

Feels like $8,000 is at hand. pic.twitter.com/xHCAIgtVU1

— light (@LightCrypto) April 16, 2020

Here’s Why Bitcoin Rallying 15% to $8,000 Is Just a Matter of Time

https://cointelegraph.com/news/bitcoin-halving-will-be-make-or-break-for-stock-to-flow-model-planb

BITCOIN’S LATEST UPGRADE WILL SEND BTC TO NEW ALL-TIME HIGHS!! PRICE BOTTOM IS IN SAYS FIDELITY!!

By admin — 3 years ago

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

Cryptocurrency trader Tyler Swope says that the latest Bitcoin upgrade could be the fuel that BTC needs to send the leading digital asset to new all-time highs. In a new strategy session, the host of Chico Crypto says that Taproot, the soft fork that aims to enhance Bitcoin’s privacy measures and smart contract flexibility, might be some of “the best news ever” for BTC.

“This is great for Bitcoin. I mean, it’s some of the best news ever because Bitcoin is about to get privacy and it’s about to get some more complex smart contracts that can make it do a lot more things. There’s going to be a big conversation coming on.”

In other trending Bitcoin News today: Bitcoin price bottom is in, says Fidelity executive Jurrien Timmer as crypto market exits ‘extreme fear’ as the BTC price action stays above $40,000. “In my view, it looks like the bottom is in.”

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🔥 Binance – Buy, Sell or Trade Over 400 Altcoins: ► http://binance.cryptonewsalerts.net

🔥 [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://cointelegraph.com/news/following-massive-btc-purchase-announcement-microstrategy-says-it-may-sell-up-to-1b-in-stock

https://cointelegraph.com/news/within-five-years-us-hedge-funds-expect-to-hold-10-6-of-assets-in-crypto

https://cointelegraph.com/news/bitcoin-price-bottom-is-in-says-fidelity-exec-as-crypto-market-exits-extreme-fear

https://cointelegraph.com/news/a-bitcoin-indicator-with-a-perfect-history-just-told-you-to-buy-the-dip

4 REASONS WHY BITCOIN PRICE CONTINUES TO CRASH | BTC K – K Zone Next Year

By admin — 3 years ago

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The Bitcoin price has continued its cataclysmic November, with BTC dropping further overnight to $6,500, levels not seen since this May.

In today’s show, we examine the following 4 Reasons Why Bitcoin Price Continues to crash:

In other Cryptocurrency news today…

Market analyst says, “The BTC price is headed for $20,000 – $25,000 zone next year.”

The Crypto market has been a disappointment lately. Lackluster bitcoin price action has intensified overall selling activity. But things are in for a welcome change, as BTC is expected to explode next year.

Crypto Michael shared on twitter:

$BTC #BITCOIN All in all, the long-term trend is still fine, aside from a parabolic explosion earlier this year (which is an outburst to the upside). Keeping the trend intact -> market is fine. Onwards to $20,000-25,000 in 2020.

🔥 [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:

Whatever movements there are now (whether we go back to $7,800 prior to any further downwards movements), I do believe that the asset $BTC is one of the few bullish assets macro wise for the coming years.

Bottoming $6,200-6,500? Hell yes, I’ll be happy. Stack some more BTC.

— Crypto Michaël (@CryptoMichNL) November 24, 2019

$BTC #BITCOINAll in all, the long-term trend is still fine, aside from a parabolic explosion earlier this year (which is an outburst to the upside).Keeping the trend intact -> market is fine.

Onwards to $20,000-25,000 in 2020. pic.twitter.com/uednu3jgo4

— Crypto Michaël (@CryptoMichNL) November 23, 2019

Not making reference to manipulation. Bitmex is now collecting in fees as much as 7% as all miner issuance combined, maybe slightly less given how fees are not flat. A large percentage is sold into the market. A significant sum for a single entity.

— Alex Krüger (@krugermacro) November 25, 2019

Added liquidity can only help price, but $BTC doesn’t respond to macro variables.It is such an illiquid/fragmented market that in the absence of mass influx of new buyers, actions of a few determine direction. Micro, not macro.

Only narrative still standing is the halving/s2f.

— Alex Krüger (@krugermacro) November 24, 2019

Bitcoin Price Headed For $20k – $25k Zone Next Year: Analyst

4 Reasons Why Bitcoin Price Continues to Crash

BITCOIN HIT BITCOIN HIT $1 BILLION IN ALL-TIME TRANSACTION FEES! | BTC Price Analysis BILLION IN ALL-TIME TRANSACTION FEES! | BTC Price Analysis

By admin — 3 years ago

It’s official.

The Bitcoin network has surpassed $1 Billion USD in cumulative fee revenue.

This is a really cool milestone because it shows how much people value block space and that it’s something people don’t mind paying for.

Today, Oct. 31st marks eleven years since the publication of the Bitcoin white paper by the still-mysterious person or group pseudonymously identified as Satoshi Nakamoto.

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

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

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

News Resources From Today’s Show:

“If $BTC breaks $8000, it will likely go to $6400. But if it breaks $10500, it will likely go to $12000″. Some deride speculators who think in those terms. However that’s how markets work. Particularly so momentum driven markets.

— Alex Krüger (@krugermacro) October 30, 2019

Bitcoin Just Hit $1 Billion in All-Time Transaction Fees

https://cointelegraph.com/news/11-years-ago-today-satoshi-nakamoto-published-the-bitcoin-white-paper

BITCOIN (BTC) WILL RALLY 100-400% IN THE COMING 18 MONTHS | Ethereum (ETH) Technical Analysis

By admin — 3 years ago

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

Bitcoin (BTC) will trade between $20,000 and $50,000 according to top Cryptocurrency analyst Simon Peters of eToro.

In other trending Crypto news today:

Ethereum (ETH) Just Saw A Key Technical Breakout And $230 Seems Imminent

Since March’s capitulation lows of $3,700, Bitcoin has performed extremely well, recently rallying to $10,000.

It’s a level that BTC has traded above only for 5% of its history.

The move from the lows has undoubtedly been impressive, with Bitcoin attracting mainstream media attention as the world grapples with a recession.

Though analysts remain optimistic, asserting that new all-time highs past $20,000 are likely in the years ahead.

Analysts touting this sentiment include Galaxy Digital’s Mike Novogratz, Raoul Pal of Real Vision, and Dan Morehead of Pantera Capital — all former institutional traders turned crypto bulls.

There are also individuals like the Winkelvoss Twins, who are behind the Gemini crypto exchange, who buy into this as well.

Another is Simon Peters, analyst at eToro who told Bloomberg that in the next 18 months, Bitcoin will trade between $20,000 and $50,000.

For most of these individuals, the bullish sentiment comes down to one thing: central banks and governments.

Over the past few weeks, to respond to the growing economic crisis caused by the outbreak of COVID-19 and the subsequent lockdowns, the world’s monetary and fiscal authorities have printed trillions of dollars.

The Federal Reserve alone has added over $2 trillion to its balance sheet in the past two months, while the White House has signed off on trillions of dollars worth of stimulus.

The aforementioned Bitcoin proponents expect this macroeconomic trend to rapidly prove the value of a scarce and decentralized asset.

As Novogratz explained in a recent CNN interview:

“We have quantitive easing over quantitative easing all over the world, not just in the U.S. […] On the flip side, Bitcoin’s halving is basically ‘quantitative tightening’. So you have this exclamation point on the story of a scarce asset.”

Ethereum is up more than 5% and it broke the key $205 resistance against the US Dollar.

ETH price remains well supported and it is likely to continue higher towards $230.

After forming a strong support base above $192, Ethereum price started a fresh increase against the US Dollar.

Bitcoin price also gained pace towards $10,000, resulting in an upside break above the $200 resistance zone.

The price surged above the $205 resistance and the 100 hourly simple moving average.

Ether is up more than 5% and it is now trading near the $215-$216 resistance zone.

An initial support is near the $214 level.

The 23.6% Fib retracement level of the recent rise from the $206 low to $216 high is also near the $214 level.

The first major support is seen near the $212 level, where the bulls might take a stand.

More importantly, there is a key bullish trend line forming with support near $210 on the hourly chart of ETH/USD.

The trend line is close to the 50% Fib retracement level of the recent rise from the $206 low to $216 high.

If Ethereum starts a downside correction, it is likely to find bids near the $212 and $210 levels.

Any further losses may perhaps lead the price towards the main $205 support zone (the recent breakdown zone).

If the bulls fail to keep the price above the $205 zone, there are chances of a renewed downtrend towards $192.

🔥 [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:

ECONOMY dying. FED incompetent. Next BAILOUT trillions in pensions. HOPE fading. Bought more gold silver Bitcoin. GOLD @$1700. Predict $3000 in 1 year. Silver @ $17. Predict $40 in 5 years. Bitcoin @$9800. Predict $75000 in 3 years. PRAY for the BEST-PREPARE for the WORST.

— therealkiyosaki (@theRealKiyosaki) May 16, 2020

This started as a joke, but now I’m afraid I’ll never be able to log in to Twitter again without someone getting angry I don’t own Bitcoin. One day you’ll see a wizened old woman in the street, trying to trade a Harry Potter book for a potato. Be kind. She did try to understand.

— J.K. Rowling (@jk_rowling) May 15, 2020

https://cointelegraph.com/news/bitcoin-price-charts-hint-at-the-most-exciting-breakout-in-over-a-year

MAX KEISER: Bitcoin Will “Eviscerate” Competitors, Rally to 0K Per BTC | Ferocious Rally to K!

By admin — 3 years ago

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According to Max Keiser, no such altseason will happen.

In July 9th’s episode of the Keiser Report, Max said that all of the Bitcoin (BTC) competitors will “be eviscerated” in the future.

“So, all these altcoin posers and government subsidy-welfare bums will be eviscerated by the one true Bitcoin. It’s about time…”

Keiser was referencing documents from the U.S. government showing that a number of cryptocurrency firms received “PPP” loans.

The investor’s latest thoughts on the efficacy of altcoin projects come shortly after he told London Real’s Brian Rose that Bitcoin is unlikely to be usurped by any altcoins.

Keiser said that there is “no coin out there that can do something that BTC doesn’t do already or will be able to do shortly.”

He added in a comment days later that Bitcoin dominance is likely to eventually reach 99% once again.

In addition to his thoughts on altcoins, Keiser also briefly discussed his price outlook for Bitcoin.

The investor said that he thinks the cryptocurrency is on its way to “$100,000 per coin,” which is a more than 900% rally from the current price of $9,200.

He previously told Infowars’ Alex Jones that $100,000 may be too low, citing a new expectation of his that BTC will hit $400,000:

“I am officially raising my target for BTC — and I first made this prediction when it was $1, I said this could go to $100,000 — I’m raising my official target for the first time in eight years, I’m raising it to $400,000.”

Along with other factors, Keiser sees Bitcoin’s scarcity as a leading reason why the asset will appreciate so far in the future.

Commenting on the “PlanB” stock to flow model, which predicts Bitcoin will reach $100,000 by December 2021, Keiser said:

“So far, the arguments “debunking” S2F for BTC appear to be just random word-salads by attention seekers. S2F is a valid and vital analysis of Bitcoin price that provides excellent insight into the market.”

The model also predicts that the cryptocurrency will achieve a price close to $1,000,000 by the end of the decade.

In other trending Bitcoin News today:

Bitcoin (BTC) Model Forecasts Ferocious Rally to $70,000, Says Weiss Crypto Ratings

The popular but controversial stock-to-flow (S2F) model now indicates Bitcoin could hit $70,000 by mid-2021, according to two analysts at Weiss Crypto Ratings.

The S2F model compares the amount of commodity in circulation divided by the amount produced every year.

The model is traditionally used to analyze the intrinsic value of precious metals such as gold and silver.

“Although based on a different methodology than the one used by the Weiss Cryptocurrency cycles model, it is widely respected in the crypto world. And it now points to a ferocious rally over the next 12 months or so.”

Gold currently has an S2F of 62 – meaning it would take 62 years of current production to match global above-ground holdings, according to Weiss analysts Bruce Ng and Juan M. Villaverde. Silver comes in at 22, while Bitcoin’s S2F score is 56, meaning BTC may be poised to rival gold as a safe-haven investment.

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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.

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https://cointelegraph.com/news/hold-more-gold-than-bitcoin-says-btc-bull-mike-novogratz

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In other Cryptocurrency news today…

Crypto Michael shared on twitter:

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Bitcoin (BTC) will trade between $20,000 and $50,000 according to top Cryptocurrency analyst Simon Peters of eToro.

Ethereum (ETH) Just Saw A Key Technical Breakout And $230 Seems Imminent

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“I am officially raising my target for BTC — and I first made this prediction when it was $1, I said this could go to $100,000 — I’m raising my official target for the first time in eight years, I’m raising it to $400,000.”

Bitcoin (BTC) Model Forecasts Ferocious Rally to $70,000, Says Weiss Crypto Ratings

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