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Who Is Satoshi Nakamoto? Bitcoin Dumps 7% After 50 BTC Transaction | Ethereum Dangerous To Own?

By admin — 3 years ago

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

Who Is Satoshi Nakamoto? Rounding Up The Usual Suspects After Today’s 50 Bitcoin Transaction

BTC sustained a strong 7% drop ($9,800 to $9,100) on Wednesday after trading in a holding pattern around $9,800 for multiple days in succession.

The leading crypto’s drop coincided with news that one of the first few thousand Bitcoin addresses just made its first transaction.

The address involved is from February 2009 — and the 50 coins that were sent from the address were obtained by mining one BTC block.

Due to how close the address’ “birthday” was to the launch of the Bitcoin network, many were quick to speculate that this transaction was “Satoshi dumping his coins.”

As the pseudonymous cryptocurrency creator owns over a million coins, the aforementioned drop ensued.

While the theory has since been disproven, a prominent cryptocurrency and blockchain investor says that the pretense of Bitcoin’s drop exposes holes in the investment case for most altcoins, especially Ethereum.

When Bitcoin dropped on Wednesday, so did the rest of the cryptocurrency market. Ethereum, XRP, and the rest of the usual suspects posted losses identical to the market leader.

Chief investment officer of crypto fund Arca, Jeff Dorman, postulated in the wake of the drop that the fact “that all large-cap tokens fell too” indicates “most digital assets are not necessary to own.

Dorman added that it was “particularly damaging for ETH today.” Adding to the fundamental blow that Wednesday’s Satoshi drop caused, Ethereum is showing technical signs it wants to retrace.

As reported by Bitcoinist previously, a leading market commentator remarked that the number of ETH that exchanges hold is “basically at all-time highs.”

The metric hit 18 million coins, according to data from Bitcoin analytics firm Glassnode.

The commentator postulated that this trend may be bearish, likely referencing a growing number of Ethereum deposits indicates an increased propensity by investors to sell the asset.

The bearish on-chain case is backed up by technical trends. As shared by a leading Bitcoin trader, Ethereum recently lost a key support level that held on four separate occasions over the past month.

The loss of this support purportedly increases the chances the asset sustains a “larger correction.”

🔥 [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:

50 BTC from Feb 2009 is moving.That’s just one month after first bitcoin block was mined. There is not a lot of people who can do this, perhaps close associates of Satoshi.

My question is why, not who, is sending 50 BTC for the first time in more than 10 years.

— Joseph Young (@iamjosephyoung) May 20, 2020

👤👤👤 40 #BTC (391,055 USD) transferred from possible #Satoshi owned wallet (dormant since 2009) to unknown walletℹ️ The coins in this transaction were mined in the first month of Bitcoin’s existence.

Tx: https://t.co/hxDJGGtfF0

— Whale Alert (@whale_alert) May 20, 2020

$BTC just fell 3% because of the equivalent of a 13F filing which shows a big investor is selling (regardless of whether or not the info is accurate, that’s why it fell).

This is the definition of an isolated and idiosyncratic event that should have ONLY affected #Bitcoin

— Jeff Dorman, CFA (@jdorman81) May 20, 2020

7% Bitcoin Drop on Satoshi Fears Shows Why Ethereum Is Dangerous to Own

Bitcoin Targeting 0K in Extended Boom & Bust Cycle | BTC WILL ROCKET 35% HIGHER AHEAD OF HALVING

By admin — 3 years ago

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

A crypto analyst who called Bitcoin’s dramatic 2019 correction says Bitcoin (BTC) is well-positioned for a boom and bust cycle that brings the Bitcoin price to $400,000.

The pseudonymous strategist, known in the industry as Dave the Wave, accurately predicted the start of Bitcoin’s 2019 reversal.

On July 11th of last year, with BTC at $11,600, the analyst said Bitcoin appeared to be at the start of a parabolic downtrend that would last until the king of crypto hit $6,000 at the end of the year.

The prediction turned out to be remarkably on point, with the BTC price reaching a yearly low of $6,425 in December.

Dave is now updating his long-term Bitcoin forecast. By plotting a curve based on Bitcoin’s past price history, he expects BTC to witness decreasing volatility in the decade ahead.

He predicts BTC will spike to around $110,000 at the end of 2022, followed by a crash to a low of $30,000 in 2025.

After that, the analyst believes Bitcoin will begin a long-term grind that will end at around $400,000 in 2029.

In the short term, economist Alex Krüger says BTC may push from its current price of just over $7,000 to $7,700.

But after that, he’s expecting another retracement to $6,400.

However, Krüger warns that Bitcoin appears to remain closely correlated to traditional markets, and all bets are off if the stock market takes another beating.

“[Bitcoin’s price action] would depend on what stock indices do. Bitcoin continues to trade like a risk-on asset. Rolling correlations between BTC and the S&P 500 remain around historical highs.”

FRACTAL ANALYSIS: BITCOIN PRICE WILL ROCKET 35% HIGHER AHEAD OF HALVING

Despite the overarching risks of an economic recession, Bitcoin has performed well over the past few weeks, rallying higher and higher over week after week, shunning off bearish narratives.

In fact, since the $3,700 bottom, the cryptocurrency has gained over 80%, reaching as high as $7,500 but now trading at $7,050 as of the time of this article’s writing.

What’s crazy is that just a few weeks ago, there were analysts seriously thinking the cryptocurrency was on its way to fresh macro lows, meaning a low below Bitcoin’s bottom of $3,150 in December 2018.

Now, analysts are expecting the cryptocurrency to rally even higher, with a prominent trader suggesting BTC could begin a multi-week surge towards $9,000 in the coming days.

🔥 [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 the event this continues to play out I’m expecting a green start of the week followed by 8800-9000 next weekend. https://t.co/a47pnvmIeb for who’s curious about the tools.

And most important. Anything under 7000 is probably a gift right now.

— Galaxy (@galaxyBTC) April 17, 2020

7700/7800 is a big deal for $BTC. There’s many different fib levels given how different exchanges had very different March lows, mainly courtesy of Bitmex.

— Alex Krüger (@krugermacro) April 16, 2020

Fractal Analysis: Bitcoin Price Will Rocket 35% Higher Ahead of Halving

BILL TO MAKE BITCOIN LEGAL TENDER PASSES IN EL SALVADOR!! MEXICO NEXT TO ADOPT BTC SAYS SENATOR!!

By admin — 3 years ago

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

The president of El Salvador’s bill to make Bitcoin (BTC) legal tender in El Salvador passed congress with a supermajority in the Salvadoran Congress with 62 out of 84 votes just before 6 am UTC. “It goes into effect immediately,” he said, clarifying the government would allow 90 days for the infrastructure to be put into place.

In other trending Bitcoin News today: Mexico lawmakers aim to follow the example of neighboring countries with proposed Bitcoin legislation. Eduardo Murat Hinojosa, a senator of the federal government of Mexico, has said he will be submitting a proposal to lawmakers seemingly aimed at crypto adoption in the country.

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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:

https://cointelegraph.com/news/mexico-lawmakers-aim-to-follow-the-example-of-neighboring-countries-with-proposed-bitcoin-legislation

https://cointelegraph.com/news/berkshire-hathaway-invests-500m-in-brazilian-digital-bank

Paraguay Politician Promises Big Bitcoin Announcement

https://cointelegraph.com/news/el-salvador-president-bitcoin-law-will-be-approved-tonight

https://cointelegraph.com/news/bitcoin-price-targets-35k-bounce-level-on-el-salvador-legal-tender-milestone

SERIOUS WARNING ISSUED OVER 0K BITCOIN PRICE MODEL!! BTC SHATTERS 1 MILLION ACTIVE ADDRESSES!!

By admin — 3 years ago

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

Bitcoin is on track to be one of the year’s best performing assets, despite a recent retraction – but that’s not stopped BTC bulls from fighting on Twitter.

The Bitcoin price has climbed through much of 2020, adding some 40%, with the bullish stock-to-flow model – that predicts a massive $288,000 BTC price before 2024 – working “like clockwork,” according to its anonymous creator.

However, a number of high-profile bitcoin analysts and entrepreneurs have clashed over the stock-to-flow model this last week, with the anonymous PlanB accusing his critics of trying to unmask him and his model derided as “absolutely useless.”

“The [stock-to-flow] model is based on the most fundamental errors which render it absolutely useless,” warned Alex Kruger, an economist and cryptocurrency analyst, speaking over the phone.

The stock-to-flow pricing model, created by anonymous Twitter user PlanB, who claims to be a Dutch institutional investor with a legal and quantitative finance background that manages around $100 billion in assets and tweets from the handle @100trillionUSD, calculates a ratio based on the existing supply of an asset against how much is entering circulation.

Kruger, along with many other analysts in recent months, has warned the model is based on faulty comparisons and a “spurious relationship” between price and scarcity.

“The whole model rests on the wrong assumption that there is cointegration between price and scarcity,” Kruger said, who explained that without cointegration it’s “nonsensical to think that bitcoin stock-to-flow, a number that goes up programmatically, and everybody knows what it will be at any point in time, can be used to predict price.”

Criticism of the stock-to-flow model and its creator have bubbled up recently, with the chief executive of bitcoin buying app Swan Bitcoin, Cory Klippsten, posting what PlanB considered to be identifying information on Twitter before deleting it and saying he was “wrong to post any personal information” about PlanB and adding anonymous bitcoin users “should have the right” to stay anonymous.

“It’s extremely important to be bullish for the right reasons,” Klippsten said via Twitter, explaining his opposition to the popularization of the stock-to-flow model.

“Otherwise you’ll have weak hands when your belief is proven false.” Klippsten, speaking via Telegram, said he supported the stock-to-flow pricing model until just a few months ago when he “looked into the models and realized they’re invalid” and “have zero predictive power.”

According to PlanB, who has disputed the information posted by Klippsten, the stock-to-flow pricing model shows bitcoin will reach $288,000 before the next bitcoin halving in 2024.

PlanB has also argued that assets that have a high stock-to-flow have a high value, pointing to gold, silver, diamonds and real estate in a chart posted to Twitter.

In other trending Bitcoin News today:

Bitcoin Active Addresses Shatters 1,000,000! Bitcoin’s fundamentals continue to show signs of strength.

According to the on-chain data provider Coin Metrics, the number of BTC active addresses has soared to a level not seen in over two years.

“Bitcoin doesn’t have to be complicated. The supply is capped and the number of users has been growing exponentially this whole time.”

Analysts use the active addresses metric to measure the rate of a crypto asset’s adoption.

The metric refers to the number of unique addresses that are active on the network as a sender or receiver of the crypto token.

On September 25th, the number of BTC active addresses skyrocketed to 1.14 million – the highest level since the 2017 bull market.

🔥 [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:

blocked: noise control

— PlanB (@100trillionUSD) September 28, 2020

OK, by Dec 2021 we will know then: S2F>$100k, Dave

Bored With Bitcoin? This BTC Price Level Is Key for a Big Breakout! | Mass Altcoin Extinction Ahead?

By admin — 3 years ago

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

The price of Bitcoin (BTC), the top-ranked cryptocurrency by market capitalization, has been ranging between $8,600 and $10,500 since the Bitcoin halving.

During the two-months’ sideways action, the market started to heat up and altcoins entered the spotlight.

Additionally, traders and investors are constantly debating whether BTC price is still in bull or bear territory.

Let’s take a closer look at both scenarios. The bullish scenario for Bitcoin The bullish scenario has a few crucial points.

First of all, the support at $8,900-9,000 has to hold.

If this support is lost, BTC/USD will likely drop below $8,550-8,750 into bearish territory.

Second, the key resistance at $9,300 has to break for a potential rally toward $9,650.

Since this level is untested, it would be the first pivot point for more upside.

This previous resistance of $9,300 has to flip for support for a move higher.

However, as long as the price of Bitcoin remains below $10,500, it’s expected that the volume of the move will be small.

A big breakout would occur if the resistance zone of $10,000-10,500 is finally conquered as many triggers would be hit.

It wouldn’t be a surprise to see a quick rise within a few hours to the next major resistance zone at $11,600.

The bearish scenario for Bitcoin The bearish scenario is also heavily dependent on the $9,300 level.

If that level rejects again, a retest of support at $8,800-8,900 should be expected and the weaker this support will become, increasing the chances for more downside.

With $9,300 holding as resistance, a retest of $8,800-8,900 would likely result in another drop.

Going below the $8,600 level could also see a high-volume drop because this means that the range of the past two months would be lost.

If the price of Bitcoin drops below $8,600, I’m expecting a fast drop towards $7,400-7,700 without many opportunities for shorts.

Holding the current support and the 1-day support levels would mean that the market is still in great shape.

In other trending Bitcoin News today:

Prominent Bitcoin Whale Predicts Mass Altcoin Extinction Ahead of Next BTC Rally

A prominent Bitcoin whale who made a name for himself by ranking at the top of the Bitfinex trading leaderboard says he believes a massive altcoin purge will happen before the next BTC leg up.

In a new tweet, trader Joe007 says the altseason predicted by many is not on the horizon.

“My view is that shitcoin mass extinction event will likely precede next Bitcoin rally. Make of it what you will.”

The crypto strategist is also bearish on the king cryptocurrency in the short term.

He’s predicting a massive shakeout that rivals the coronavirus-induced sell-off in March.

“A lot of people are expecting a downleg, yes. But the question is – are they prepared to buy into a real dump, like a repeat of early March – or worse?”

Despite his short-term outlook on BTC, Joe says he remains a long-term bull on the dominant cryptocurrency. “If I thought BTC would go to zero, why would I accumulate it and keep net long position at all times?… Bitcoin market is a relentless tug of war between actors who want to use Bitcoin to accumulate fiat profits and actors who want to use fiat (or fiat-substitutes) to accumulate more BTC.”

🔥 [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:

A lot of people are expecting a downleg, yes. But the question is – are they prepared to buy into a real dump, like a repeat of early March – or worse?

— ʲᵒᵉ🔴🔴7 (@J0E007) July 4, 2020

My view is that shitcoin mass extinction event will likely precede next Bitcoin rally. Make of it what you will.

— ʲᵒᵉ🔴🔴7 (@J0E007) July 3, 2020

IMO $BTC is about to run: Friday was the lowest volume, smallest range candle I’ve ever seen. Calm before the storm?

Up or down IDK, thinking down more likely, maybe 8.7k. Will manage risk tightly because being offside would be costly AF. pic.twitter.com/c2ob65hNex

— SalsaTekila (@SalsaTekila) July 4, 2020

Why One Top Bitcoin Trader Believes Now is the “Calm Before the Storm”

https://cointelegraph.com/news/bored-with-bitcoin-this-btc-price-level-is-key-for-a-big-breakout

NEXT BITCOIN PRICE ATH TO FALL IN THE K-K RANGE | BTC Dropped 6% in Just 5 Minutes

By admin — 3 years ago

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

With the Crypto community awaiting the next Bitcoin price all-time high, Blockroots CEO, Josh Rager, warns that they might be disappointed if they expect BTC to hit $100k or more.

Bitcoin (BTC) has been a hot topic ever since it started a massive bull run in late 2017, which led the coin to its all-time high (ATH) at $20,000.

As everyone knows by now, Bitcoin saw a massive drop after that, eventually reaching only $3,200 as its lowest point in the last three years.

After the bearish 2018, the following year started showing signs of recovery, taking the BTC price almost to $14k by June 22, 2019.

BTC (Bitcoin) then saw another drop, nearly cutting its price in half.

However, the beginning of 2020 brought another surge that returned investors’ hope that this might be the year when BTC finally exceeds all previous milestones and goes as high up as to $100k, or more.

While this is a popular opinion, Blockroots’ CEO, Josh Rager, disagrees with it. Rager recently made his expectations known on Twitter, admitting that it may be an ‘unpopular opinion,’ but he sees it as more realistic.

In his recent tweet, he stated that Bitcoin’s next price peak will likely not be as high as people expect it to be.

Despite the fact that numerous analysts have proposed prices from $100k to $300k — and some even suggested $1 million.

Rager, on the other hand, claims that the simple rate of return shows the bottom to peak return reduces by 20% per cycle.

With that in mind, he expects that Bitcoin’s next price ATH will only be between $75k and $80k.

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

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

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

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

Show Notes / Resources:

$BTC Unpopular Opinion:The next Bitcoin peak high will not be as high as most people thinkLots of analysis out there point from $100k to $300k to $1MSimple rate of return will show you bottom to peak return reduces by around 20% each cycle

IMO, next high hits $75k to $85k pic.twitter.com/EoWZqcWfbe

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

Next Bitcoin Price ATH to Fall in the $75k-$85k Range

Bitcoin Price to Hit K or K Next? Crypto Traders Discuss Macro Signs | India Plans BTC Ban

By admin — 3 years ago

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

The Bitcoin price is still struggling to break out above $10,000 following three failed attempts over a 36-day period.

Traders remain mixed on the short-term BTC price trend as macro indicators suggest varying trends.

Many traders believe the price of Bitcoin is primed for a rally above the multiyear resistance level of $10,500, which would confirm the end to a two-year price cycle and the start to a newfound rally.

Others foresee the price of Bitcoin falling all the way to the $6,000–$7,000 range in the near term, given the three consecutive rejections of the same range in between $10,000 and $10,500 spanning over a month.

Historical data shows that declining volatility and volume suggest a large Bitcoin price movement will likely occur in the near term.

For instance, the price of Bitcoin in early September 2019 was hovering around $10,500 to $10,800.

At the time, the volume of both futures and spot markets declined substantially compared with the previous two weeks.

By the end of October, after a month of consolidation, the price of Bitcoin dropped from $10,800 to $7,300, recording a 32% pullback within two months after weeks of low volatility.

The bullish scenario for Bitcoin in the short term Traders generally anticipate a Bitcoin upsurge in the near term due to three main reasons: a compelling technical structure, an increase in the number of long-term holders and a rapidly growing hash rate.

According to Michael van de Poppe, a full-time Amsterdam Stock Exchange trader, the short-term trend of Bitcoin is optimistic as long as the price remains above $9,100.

The $9,100–$9,300 range has served as a strong support area for Bitcoin since May.

If the price holds $9,100 and breaks above $10,500 once again, van de Poppe emphasized that $12,000 is likely next.

He said: “If we break $10,000, next level is $10,500. If we break $10,500, next level is $11,500-12,000. Crucial level to hold; $9,100-9,300.”

Similarly, cryptocurrency trader Nunya Bizniz said earlier this month that the following levels are the most important for BTC to see a prolonged rally:

* $10,000: a resistance and psychological barrier;

* $10,500: first higher high, change to market structure;

* $11,600: last three cycles, a monthly close is above a key technical level at 50% Fibonacci retracement; and

* $14,000: a close above a monthly all-time high indicates an attempt at BTC’s record high.

In other trending Bitcoin News today:

INDIA PLANS BITCOIN BAN EVEN AS ITS BANKING SYSTEM GRADUALLY COLLAPSES

The Indian government may ban Bitcoin. According to a report by Economic Times, the country’s finance ministry has sent the proposal for inter-ministerial consultation.

The department then expects to forward the plan to its top cabinet, which operates directly under Prime Minister Narendra Modi. The move further allows the motion to be tabled as a bill in the parliament.

“While we have recognized… the power of Reserve Bank of India to take preemptive action, we are testing in this part of the order the proportionality of such measure, for the determination of which RBI needs to show at least some semblance of any damage suffered by its regulated entities. But there is none.”

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

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

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

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

Show Notes / Resources:

$BTC #BITCOINSlight wick now, which is fine.If we break $10,000, next level is $10,500.If we break $10,500, next level is $11,500-12,000.Crucial level to hold; $9,100-9,300.

Check it here:https://t.co/nCn6H1LjY5 pic.twitter.com/TxxsVk0GrB

— Crypto Michaël (@CryptoMichNL) June 10, 2020

BTC overhead stepping stones:1. $10K – Resistance & psychological barrier2. $10.5K – 1st higher high, changes market structure.3. $11.6K – Last 3 cycles, a monthly close above 50% Fib retracement = 🚀

4. $14K – A close above monthly ATH close always = 🚀

— Nunya Bizniz (@Pladizow) June 1, 2020

The government needs to stop this madness of deciding whether they want to ban crypto or not. Either do it so we can fight it or come up with better regulations instead of throwing a news byte every few days creating panic in public.

Aadmi kare to kya kare?

— Naimish Sanghvi (@ThatNaimish) June 12, 2020

Evidence of buyer interest around $btc M.O.This level got front run on recent dumps. Sellers just don’t have what it takes to push price down.

Longed. pic.twitter.com/LDyjNYJQDn

— Mohit Sorout 📈 (@singhsoro) June 11, 2020

India Plans Bitcoin Ban Even as Its Banking System Gradually Collapses

https://charts.woobull.com/bitcoin-hodl-waves/

https://cointelegraph.com/news/bitcoin-price-to-hit-12k-or-8k-next-btc-traders-discuss-macro-signs

This Critical Bitcoin Metric Is Over 100% Higher in 2 Months | HOW MANY PEOPLE HAVE AT LEAST 1 BTC?

By admin — 3 years ago

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

Over the past 60 days, Bitcoin (BTC) has found itself rocketing higher, rallying from a low of $6,400 to a local top of $10,500 in the span of two months.

Bitcoin’s Booming Open Interest May Set Stage for Surge

Over the past few years, as institutional traders and more serious players have entered the Bitcoin market, the demand for future derivatives for the cryptocurrency has exploded.

This was confirmed with a report from industry outlet The Block. They reported that as of February 13th, the aggregated amount of open interest on Bitcoin futures contracts surpassed $5 billion, with traders on BitMEX, OKEx, Bakkt, CME, and other key platforms throwing billions of dollars at the asset.

This is far above the approximately $4 billion in open interest seen in January of the $2.5 billion in December.

The massive eruption in the open interest seen in Bitcoin futures contracts could have an extremely positive effect on the underlying market.

Also, Crypto Bull noted that with the latest Bitcoin price action, the BTC price of the cryptocurrency has, for the first time ever, broken above a downtrend that has constrained prices since the $20,000 top seen in December 2017.

The fact that Bitcoin is now past this key resistance, the analyst who pointed it out wrote, is a sign that “short liquidations are coming” and a potential sign that the “biggest weekly green candle in Bitcoin’s history” is right on the horizon.

HOW MANY PEOPLE ACTUALLY HAVE AT LEAST 1 BITCOIN?

Find out all this, plus so much more in today’s show.

🔥 [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 Many People Actually Have At Least 1 Bitcoin?

Bitcoin Price Will NOT Drop Below ,000: Tone Vays | Current Market Conditions Are BTC Rocket Fuel

By admin — 3 years ago

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

BTC and crypto trading guru Tone Vays has said that the Bitcoin price may have reached its price floor bottom.

If so, he advocates for investors to buy now for long-term holding. The notion of buying on dips as a tried-and-true investment strategy dates back generations.

For Bitcoin (BTC) and other cryptocurrencies in general, picking up promising platforms during lows can be both extremely profitable, yet it is also quite challenging given the volatility of the market.

Vays clearly thinks that now is the time for investors to start accumulating. He has tweeted:

“It’s hard to say if Bitcoin bottomed, but the way we bounced off $3,850 is very promising. This is how markets bottom but NOTHING about this $BTC 2yr Bear Market has been standard. Ex: These capitulations ‘usually’ drive price to NEW lows but we stayed above $3,150.”

“For those that “Bought the Dip” under $4k lock it down as HODL. For those that missed it, I am comfortable buying it here, but also setting $BTC Limit orders at $4,550, $3,550 & my ALL IN is at $2,750-2,950! Can’t see Bitcoin going lower for those waiting on sub $2k”

Since the price collapse on Thursday, there has been no shortage of speculation over the market’s next steps.

Unlike previous crashes, this one has deeper ties to global events. Many crypto advocates believe that the BTC price could go much lower.

Even Vays acknowledges such but claims that enough data exists to feel optimistic that the worst is over.

Anthony Pompliano Calls Market Conditions ‘Bitcoin Rocket Fuel’, Confirms Morgan Creek Digital Bought BTC Dip

In spite of the historic losses and wild swings, Morgan Creek co-founder Anthony Pompliano remains upbeat on the cryptocurrency’s future, revealing how he bought the dip.

“Basically, what you guys have to understand is that there’s incredible pressure in the Bitcoin market but nothing about the network changed. It’s completely stable. It’s exactly how it was, and there’s been a very big price discount. Of course, we’re bullish. As I said earlier this week, I bought more Bitcoin. We bought more Bitcoin at Morgan Creek. We definitely think that there is the same exact investment thesis that’s laid out.”

Pompliano says several factors can catalyze a Bitcoin surge around the halving.

“I think that, as I’ve been saying for months and months now, there is complete rocket fuel for Bitcoin… You’re going to see the rate cuts, you’re going to see quantitative easing, and then you’re going to see the Bitcoin halving. It’s all going to happen around the same time. And, I think that Bitcoin is going to become incredibly attractive to a lot of people very quickly.”

🔥 [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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It’s hard to say if #Bitcoin bottomed, but the way we bounced off $3,850 is very promising. This is how markets bottom but NOTHING about this $BTC 2yr Bear Market has been standard.
Ex: These capitulations ‘usually’ drive price to NEW lows but we stayed above $3,150. pic.twitter.com/zD3FT1reeD

— Tone Vays – TheFinancialSummit.com (@ToneVays) March 13, 2020

Blockchain is the future. The few great companies and projects should and will rise to the top.

— The Wolf Of All Streets (@scottmelker) March 14, 2020

Bitcoin Price Will Not Drop Below the $2000 Mark: Tone Vays

BITCOIN (BTC) JUST SAW ITS BIGGEST BREAKOUT EVER, AND THAT MEANS K IS JUST THE START

By admin — 3 years ago

➡️ Cryptocurrency Masterclass: http://class.cryptonewsalerts.net

It’s been an explosive past few days for Bitcoin (BTC).

After tanking as low as $8,600 on the weekend before last, the Bitcoin price breached $10,000 just hours ago.

On Bitstamp, BTC traded as high as $10,429, according to TradingView.com data.

While the asset remains below the yearly highs of $10,500, a prominent analyst noted that this rally has formed Bitcoin’s largest breakout ever.

This suggests that the crypto market is heading much higher than it is in the long run.

Chief executive of Real Vision Raoul Pal shared the below chart in the wake of the BTC price breaking past $10,000, attaching the comment:

“Here it is on a log scale… this is the biggest chart pattern break out thus far…”

The chart depicts that Bitcoin is now trading above the downtrend that formed at the $20,000 all-time high.

The technical downtrend marked the $14,000 2019 high, along with the $10,500 high seen earlier this year.

Pal did not explain the significance of this technical breakout during this thread, but he has in a recent research note.

In the April newsletter from his macroeconomic analysis firm Global Macro Investor obtained by NewsBTC, he wrote that “I think it hits $100,000 in the next two years alone” in reference to a chart almost identical to the one above.

The only difference was that when he shared the chart, it had not broken past the resistance.

Bitcoin’s crucial technical breakout isn’t the only reason why the former Goldman Sachs executive is bullish on the cryptocurrency.

Pal remarked in a Twitter thread published in early May that the confluence of record-level fiscal and monetary stimulus, coupled with the Bitcoin halving, is setting BTC up for success in the long run:

“This is confirmed by stock to flow models by PlanB and the breakout has happened almost exact at The Halvening. Add to that HUGE the ENTIRE worlds central banks are […] printing money like CRAZY. quantitative easing fiat meets the hardest money that automatically quantitatively tightens.”

This led him to the conclusion that Bitcoin currently has one of the “best set ups in any asset class I’ve ever witnessed…technical, fundamental, flow of funds and plumbing.”

While he has floated the $100,000 price target, the investor has mentioned a $10 trillion market capitalization in the past.

Speaking to Max Keiser, Pal said that Bitcoin could eventually rival the market capitalization of gold, which sits around $9 trillion:

“If it becomes an ecosystem, and we believe it will be and it will take the whole ecosystem with it as well, then yes, I think a $10 trillion number is easily achievable within that process.”

For context, a $10 trillion market capitalization corresponds with more than $500,000 per coin. In other trending Bitcoin News today:

Bitcoin (BTC) Soars Above $10,000 – Here’s What Will Trigger ‘Insanely Bullish’ Breakout According to Analyst Josh Rager

Crypto strategist Josh Rager tells his 72,000 Twitter followers that BTC is close to making a move that will have huge bullish implications.

However, the bulls have a bit of work left to do.

“BTC breaking above daily resistance. [Bitcoin is] showing no mercy to bears and is on route to try to break above $10,300. Closing above $10,370 would be insanely bullish.”

🔥 [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:

Add to that the ENTIRE worlds central banks are either seeing their currencies collapse to the almighty dollar (BRL, TRY, ARG, etc) or they are printing money like CRAZY.

HUGE quantitative easing fiat meets the hardest money that automatically quantitatively tightens. $BTC wins.

— Raoul Pal (@RaoulGMI) May 8, 2020

$BTC breaking above daily resistanceShowing no mercy to bears and is on route to try to brak above $10,300s

Closing above $10,370 would be insanely bullish pic.twitter.com/0l8YTrJ6Uy

— Josh Rager 📈 (@Josh_Rager) June 1, 2020

https://t.co/j8wdrwiVbD

1/ With $BTC back over $10,000 for the first time since a brief scrape above this threshold in early May, we are revisiting our long-term key triple volume measurement to analyze the health of both the on-chain and social metrics that are vital to justify pic.twitter.com/nYQjVUOeAS

— Santiment (@santimentfeed) June 2, 2020

Who Is Satoshi Nakamoto? Rounding Up The Usual Suspects After Today’s 50 Bitcoin Transaction

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FRACTAL ANALYSIS: BITCOIN PRICE WILL ROCKET 35% HIGHER AHEAD OF HALVING

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In other trending Bitcoin News today:

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Prominent Bitcoin Whale Predicts Mass Altcoin Extinction Ahead of Next BTC Rally

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INDIA PLANS BITCOIN BAN EVEN AS ITS BANKING SYSTEM GRADUALLY COLLAPSES

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Bitcoin’s Booming Open Interest May Set Stage for Surge

HOW MANY PEOPLE ACTUALLY HAVE AT LEAST 1 BITCOIN?

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Anthony Pompliano Calls Market Conditions ‘Bitcoin Rocket Fuel’, Confirms Morgan Creek Digital Bought BTC Dip

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Bitcoin (BTC) Soars Above $10,000 – Here’s What Will Trigger ‘Insanely Bullish’ Breakout According to Analyst Josh Rager

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