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Bitcoin Long-Term Cycles Offer Hopium…
When near-term BTC confusion prevails, sometimes it’s best to take a step back to see the bigger picture of where the market is and what possibilities the future holds.
According to Inmortal, a pseudonymous Twitter user, Bitcoin’s four-year cycle is currently about 65% through its bull-market phase and the trader predicts a top at $150,000, which will be followed by a correction to $32,000.
In other trending Crypto News today: Ethereum price can hit $14,000 if the March 2020 chart fractal holds.
Ethereum’s native asset Ether (ETH) faces prospects of closing above $14,000 sometime in 2021 based on its current trend’s striking similarity with the one from last year.
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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/ethereum-price-can-hit-14k-if-the-march-2020-chart-fractal-holds
https://cointelegraph.com/news/paypal-set-to-launch-crypto-trading-in-the-uk-and-may-embrace-defi
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BITCOIN WILL BE WORTH TRILLIONS AND BECOME A WORLD RESERVE CURRENCY 'BEFORE' 2024 SAYS MAX KEISER!
➡️ REPLAY: “The Crypto Catch-Up” – http://teeka.cryptonewsalerts.net
Popular TV host of the Keiser Report and legendary Bitcoin bull Max Keiser predicts that ‘before’ the 2024 US presidential election BTC will be worth trillions and become the world reserve currency.
Max tweeted:
“Before 2024 US Presidential election:
1. BTC worth trillions
2. BTC – world reserve currency
3. Countries locked in Hash War
4. Most banks will be gone, replaced with Central Bank ‘crypto’
5. Combined political power of BTC billionaires will dominate policy”
Earlier this year, live on the Alex Jones show, Keiser officially raised his Bitcoin price target for the first time in eight years to $400K per BTC.
“I’m raising my official target for the first time in eight years,” Keiser told Jones in a February 17 video interview.
“I’m raising it to $400,000.” The BTC maximalist proceeded to argue that it is not too late to get into the revolutionary money of the future, and in fact, it’s just the beginning.
“So this is your new chance to make the bitcoin phenomenon work for you, Alex Jones.” Keiser clarified that the $400K target is based on the value of gold, and called bitcoin “gold 2.0.”
Then just last month Max upped his Bitcoin target again sharing, “People with zero Bitcoin exposure like Warren Buffett will see their wealth hyperinflate to nothing while Bitcoin’s price skyrockets 40-80x.”
So for Bitcoin to 80X at the time of his prediction, this would put the Bitcoin price at about $880,000.
In other trending Bitcoin News today:
“AFTER $17,150 TURNS INTO SUPPORT, BITCOIN COULD SURGE TOWARD $20,000”
Bitcoin has begun to surge higher again after multiple days of consolidation under $16,000. Hours ago, the leading cryptocurrency moved from the $15,900 resistance it was trading near toward $16,500.
Analysts are not yet convinced it’s clear skies for Bitcoin, though. This comes in spite of some sentiment shared that there is no serious technical resistance from here until $20,000.
Crypto-asset analyst Josh Rager recently shared 2 charts.
The chart depicted on the left shows that Bitcoin interacted with three levels on multiple occasions during the rally of late-2017 and early-2018: $16,173, $16,600, and $17,150.
The chart on the right shows that Bitcoin is currently approaching these technical levels. Considering their historical importance, there is a high likelihood they will act as resistance for the cryptocurrency moving forward. As Rager explained:
“Keep an eye on these key Bitcoin price levels (daily/weekly) from the 2017-2018 highs They could likely reject before moving higher But after $17,149, there isn’t a lot standing in the way before $19,000+.”
Analysts say that Bitcoin will soon hit new all-time highs.
Tyler Winklevoss, CEO of Gemini and a Bitcoin billionaire with his twin brother Cameron, recently stated:
“I do think we will see an all-time-high price for Bitcoin before 2020 is over. Even though the price has climbed from 10k to almost 14k in less than a month, it hasn’t really gone on a breakout run yet. When we start to see 3-5k surges then the bulls will be on the run.”
Winklevoss was recently quoted as saying that Bitcoin could hit $500,000 in the years ahead. Such a rally would give the cryptocurrency a higher market capitalization than gold has today.
He thinks that Bitcoin will achieve such a rally due to the immense buying pressure that will take place due to monetary inflation.
The Winklevoss twin added that the cryptocurrency is fundamentally better than the leading precious metal, which should aid a rally.
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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:
Before 2024 US Presidential election:
1. #BTC worth trillions
2. BTC – world reserve currency 3. Countries locked in Hash War4. Most banks will be gone, replaced with Central Bank ‘crypto’
5. Combined political power of BTC billionaires will dominate policy
— Max Keiser (@maxkeiser) November 13, 2020
$BTCKeep an eye on these key Bitcoin price levels (daily/weekly) from the 2017-2018 highsThey could likely reject before moving higher
But after $17,149, there isn’t a lot standing in the way before $19,000+ pic.twitter.com/8sffFo6byo
— Josh Rager 📈 (@Josh_Rager) November 12, 2020
Bitcoin $20K is imminent. $250K is in range. Long term, $1M has been normalized. $10M is the dream.
But in time you’ll understand, Bitcoin begins at $100M.
— O₿iWan (@ObiWanKenoBit) November 13, 2020
After $17,150 Turns Into Support, Bitcoin Could Surge Toward $20,000
https://news.bitcoin.com/keiser-bitcoin-price-alex-jones/
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BITCOIN WILL GO ALL THE WAY TO $160K ‘THIS YEAR’, SAYS CELSIUS CEO!! BTC TAPROOT UPGRADE LOCKED IN!!
💰 BlockFi: (Up To $250 Bitcoin Bonus) https://blockfi.com/cryptonewsalerts
The highs for Bitcoin are yet to be seen this year, says Alex Mashinsky, chief executive officer and co-founder of Celsius – the centralized cryptocurrency lending platform – told Cointelegraph at Bitcoin 2021 in Miami that he sees the BTC price reaching $160,000 this year, or possibly a bit lower.
Mashinsky further remarked that the crypto market was bound for a correction, following Bitcoin’s recent all-time high of ~$64,800:
“When you go too high, too fast, you are bound for a correction. You can see my tweets in both March and February saying ‘we’re going to have a crash, we’re going to have a correction.’ I predicted $30,000. Bitcoin is like a spring – we stretch it too much and we put too much leverage. Too many people got greedy.”
In other trending Bitcoin News today: Bitcoin Taproot locked in to improve privacy and introduce smart contracts. The Bitcoin Taproot upgrade will activate later in 2021 as developers urge to create applications that will leverage its advantages.
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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/bitcoin-will-go-all-the-way-to-160-000-this-year-says-celsius-ceo
https://cointelegraph.com/news/bitcoin-bounces-off-30k-amid-possibility-of-exit-to-mid-40k-range
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BITCOIN MAY SURGE UP TO 0K BEFORE MACRO AUTHORITIES CARE!! BTC TO HIT 0K BY 2022: TIM DRAPER
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The Bitcoin price will hit $250,000 by 2022 according to legendary billionaire venture capitalist Tim Draper who was the first to go on the record with his quarter million dollar BTC price prediction.
There have been many fears over recent years that central banks and other authorities will target Bitcoin as they may see it as a threat to traditional financial infrastructure.
According to Dan Tapiero, though, these fears are unfounded for the time being. Dan Tapiero is the co-founder of DTAP Capital, Gold Bullion Int., amongst other firms.
He has been closely following Bitcoin for a while now, being one of the first macro voices to enter the space.
He recently commented that until Bitcoin hits $250,000, or a market capitalization of around $5 trillion, it may not have relevance on a macro scale:
“$200 billion too small to matter for macro authorities. Gold is $12 trillion and no one really cares. Bitcoin has clearance up to at least 250k. 25x before big boy global macro authorities start caring that it exists.”
His contemporary Raoul Pal, a former Goldman Sachs head of hedge fund sales and Real Vision CEO, recently commented that Bitcoin is “irrelevant on a global asset scale.”
“Yeah, 100% agree. It’s currently irrelevant on a global asset scale. As you say, even a $10trn doesn’t concern most central banks. The FX market trades half that in a day. DTCC clears and settles something over a quadrillion in a year.”
It’s worth noting that both of the investors are extremely bullish on Bitcoin.
Both believe that the leading cryptocurrency will undergo an exponential rally this market cycle that will take it above $100,000 and beyond.
Tapiero’s and Pal’s point that Bitcoin currently isn’t relevant on a macro scale has been echoed by Tom Lee of Fundstrat Global Advisors.
Lee said at a conference in Singapore in 2018 that before a Bitcoin ETF should be approved by the U.S. Securities and Exchange Commission, it should trade at $150,000 or more.
Bloomberg wrote on his comment:
“If you’re involved in crypto, the SEC can look like an obstacle,” Lee said.
“They’re establishing protections for individuals and right now it’s not convenient for the industry, but if the SEC is someone that people trust” to protect them, “that’s how you get the mainstream willing to get involved in cpypto.”
In other trending Bitcoin News today:
Former Goldman Sachs Exec Says Bitcoin ETF Will Be Approved, Bringing Billions Into Crypto Market
Raoul Pal, former Goldman Sachs exec and hedge fund manager, says that Bitcoin is offering a rare opportunity for retail investors to get out and invest in the next big thing before institutional investors.
In a YouTube interview with Jerry Hall, Pal says that a proper Bitcoin exchange traded fund (ETF) will be the catalyst that brings billions of dollars into BTC and exponentially expands the market capitalization of the largest cryptocurrency.
“You’re allowed to front-run in Bitcoin, and I’m going to give you the biggest front-running opportunity of your life: they will get an ETF across the line. There will be billions of dollars that pour into it. Every pension plan will allocate some money to it. Every family office will allocate some money to it. And the more the price goes up, the more they will allocate because the larger the market cap of Bitcoin is… This is an opportunity for retail to front-run the institutions for once as opposed to Goldman Sachs front running us.”
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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:
Analysts: Bitcoin May Surge Up to $250,000 Before Macro Authorities Care
Post Views: 387