Crypto Analyst: 0K BITCOIN PRICE ATH BY 2021 IS REALISTIC

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Celsius Network chief executive Alex Mashinsky predicts Bitcoin can soar above $140,000 this cycle but only after surviving one last sell-off event. Although the Celsius Network head is short-term bearish on BTC, he expects it to massively rally toward the end of the year after the sell-off.

“After this July sell-off, we should see smooth sailing for the rest of the year as we break new ATH (all-time high) on our way to the $140,000-$160,000 price range per BTC before correcting back to the $90,000 levels to close the 2021 year end.”

In other trending Bitcoin News today: Celsius Network CEO Alex Mashinsky suggested that Ethereum has already started “flippening” Bitcoin in U.S. dollar terms. Mashinsky said that the flippening has already happened on Celsius. “We manage about $17 billion in deposits, or in customer coins, and the number one coin held in dollar terms is ETH,” he said.

“The flippening already happened. Ethereum already surpassed Bitcoin in dollar terms as the total holdings of the Celsius community, and I think that the broader market will follow it in the next year or two. We will see that flippening happening also in the broader market.”

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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:

https://cointelegraph.com/news/ether-already-flippening-bitcoin-says-celsius-ceo

https://cointelegraph.com/news/bitcoin-exchange-supply-hits-a-6-month-low-as-accumulation-continues

https://cointelegraph.com/news/bitcoin-targets-36k-key-wyckoff-level-with-altcoins-set-to-grind-up-heavier

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Strike CEO Jack Mallers shares his bullish Bitcoin price predictions with Anthony Pompliano on The Best Business Show Podcast.

“I think we’re going well into the 6-figures, when it happens I don’t care. I think within the next 12 months we’ll see well over $100,000 BTC very easily. I expect $100K to $250K, maybe $400K Bitcoin in the year 2022 easy.”

And on the Bitcoin network side of things regarding the relationship between Twitter and Strike he elaborates:

“In addition to the services currently enabled through Tips, people can now seamlessly tip with Bitcoin using Strike – a payments application built on the Bitcoin Lightning Network that allows people to send and receive Bitcoin. Strike offers instant and free payments globally.”

In other trending Bitcoin News today:

On-Chain Data Shows Bitcoin Supply Will Not Be Able To Meet Demand: Glassnode Co-Founder!

The firm’s latest data shows nearly 2,000,000 BTC has shifted from short-term to long-term holders since April of this year.

Glassnode’s Rafael Schultze-Kraft says the data clearly shows “supply will not be able to match demand.”

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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:

Watch Jack Mallers Send $10 To El Salvador Via Twitter’s Lightning Tips

https://cointelegraph.com/news/morgan-stanley-exec-says-bitcoin-is-the-kenny-from-south-park-of-money

https://cointelegraph.com/news/bitcoin-volatility-continues-as-btc-price-closes-in-on-critical-weekly-close

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BITCOIN (BTC) BREAKING THIS LEVEL WILL VALIDATE BULLS, HURT BEARS

Although the Bitcoin price seems volatile, the cryptocurrency has been in a period of consolidation over the past two weeks, stalling in the high-$6,000s and the low-$7,000s after briefly interacting with the highs of $7,470.

Bitcoin seems to be stuck between a rock and a hard place, with any move below $6,700 being bid heavily and $7,300-$7,400 failing to crack due to that zone’s historical importance to the market.

But according to a prominent crypto analyst, if a certain price point is reached, fireworks — or a rapid move higher, in other words — are likely to follow.

A trader with the moniker CryptoYoda — who has garnered over 200,000 followers on Twitter — on Saturday released the latest iteration of his technical analysis newsletter series, the Letters from Dagobah.

In it, he explained that while the market structure is leaning bearish due to the existence of a rising wedge formation and a head and shoulders pattern — two trends that are bearish by textbook definition — Bitcoin breaking $7,475 would invalidate the bear case, “pushing Bears out of their positions while inviting Longs buying the Bears’ pain”:

“A takeout of that High could lead to massive covering of Shorts and buying on volume leading to a strong rally, especially as buyers have already eaten through the Resistance levels of previous Lows.”

What he’s explaining is that if Bitcoin manages to set new highs, it will prove that the ongoing consolidation is not indicative of a top, but is instead consolidation proceeding bullish continuation, likely to $8,000 and beyond.

Importantly, the analyst did admit that if this breakout can take place, there remains “significant overhead Resistance” with the daily 100 and 200 exponential moving averages at $7,600 and $7,900, respectively.

$3,000,000,000 in ‘Dry Powder’ Poised to Enter Bitcoin (BTC) and Cryptocurrency Markets: Messari CEO

The CEO of blockchain database startup Messari says there’s a huge amount of crypto capital sitting on the sidelines, ready to move into Bitcoin, Ethereum, XRP and the greater altcoin markets.

Ryan Selkis cites new data that shows cryptocurrency exchanges are now holding over $3 billion in stablecoins on behalf of their customers.

He says these investors are in a strategic position to re-enter the speculative crypto market at a moment’s notice.

“There’s now $3 billion++ of stablecoins sitting on exchanges. If investors wanted to cash out of crypto completely, they would have withdrawn funds to banks. Instead, we’ve got more dry powder held in the crypto economy than ever before. In both real and market cap % terms.”

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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:

Bitcoin Breaching This Level Will Trigger Market Fireworks: Analyst

https://u.today/active-bitcoin-btc-supply-hits-new-high-in-6-months-as-hashrate-drops

https://yoda.substack.com/p/the-attempted-break