CRYPTO TRADER PREDICTS $150K BITCOIN TOP THIS BULL CYCLE, FOLLOWED BY A CORRECTION TO $32K!!!!!

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

A new 2020 crypto outlook report on Bitcoin from Bloomberg has been released, revealing just how bullish the company’s analysts are on BTC suggesting that the current active addresses point to prices closer to $12,000 in the short term.

Bloomberg researchers are growing increasingly bullish on the first-ever cryptocurrency.

The current global economic environment is the perfect recipe for the asset’s price to climb higher, according to the brand. “Unparalleled global central bank easing and rising gold values are enduring trends favoring a higher Bitcoin price,” the report reads.

Bloomberg researchers believe that the low volatility in the asset transitioning from a speculative asset to digital gold. Volatility recently reached lows compared to major stock indices like the Nasdaq.

The asset’s hard capped supply of just 21 million BTC versus steadily growing demand tips the scales “toward price appreciation,” they say.

The report also claims that based on active Bitcoin addresses, fair market value is closer to $12,000 for the leading cryptocurrency by market cap.

Data sets also show that Bitcoin is maturing and volatility is decreasing compared to the stock and commodities markets.

A comparison with crude oil, Bloomberg says, demonstrates “nascent technology designed to increase in fiat-currency terms vs. the primary commodity that’s deflationary and redundant.”

They further conclude that Bitcoin is a “caged bull set for a breakout, and claim the asset is eying resistance at $13,000.

Breaking through that level would allow the cryptocurrency to attempt a retest of its former all-time high.

This peak was set back at the height of the crypto hype bubble at $20,000.

But what do Bloomberg researchers think about altcoins?

They suggest that the “oversupplied crypto market has little chance of appreciation” without a Bitcoin bull run.

With Bloomberg essentially claiming a new Bitcoin bull run is just about here, the entire crypto space could once again see soaring prices.

In other trending Crypto News today:

Chainlink just set a new all-time high, with LINK prices pushing $5.6. Despite investor optimism around the altcoin, data shows that big investors are getting ready to take profits.

Roughly $200 million was injected into Chainlink over the past 24 hours.

The substantial buying pressure behind this altcoin allowed it to turn a mid-March’s high of nearly $5 into support.

Following the upswing, investors seem to have FOMOed, pushing LINK’s price further to reach a new all-time high of $5.60.

And in other trending Bitcoin News today:

Bitcoin-Friendly Kanye West Running for US President 2020, Taking on Donald Trump and Joe Biden

Kanye West announced on Independence Day that he is running for president of the United States in 2020, taking on Donald Trump and former Vice President Joe Biden.

Responding to the bitcoin-friendly singer with 21 Grammy Awards, Tesla and Spacex CEO Elon Musk said West has his full support.

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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:

We must now realize the promise of America by trusting God, unifying our vision and building our future. I am running for president of the United States 🇺🇸! #2020VISION

— ye (@kanyewest) July 5, 2020

Chainlink Hits New All-Time Highs, Whales Get Ready to Dump

Bloomberg Researchers Bullish on Bitcoin, Demand Points To $12,000

https://data.bloomberglp.com/professional/sites/10/Bloomberg-Indices-Outlook_Cryptos_July-2020.pdf

https://news.bitcoin.com/bitcoin-kanye-west-running-for-president-2020-donald-trump-joe-biden/

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

Veteran crypto trader Tone Vays says Bitcoin (BTC) should finish its recent correction relatively soon before going on a sharp rally to six figures.

“A $40,000 low coming in either next week or it could get dragged out… into early October, and then we break this area of $50,000 in mid- to late October. 

We break $65,000 by early November, and then we’re probably hovering above $100,000 by end of December. So I’m still holding to my view that we break $100,000 in December.”

In other trending Bitcoin News today: Cathie Wood predicts Bitcoin will surge to $500,000 in 5 years – and says Ark Invest’s confidence in Ethereum has shot up dramatically.

Ark Invest CEO Cathie Wood expects bitcoin to soar to $500,000 in five years, and her firm’s conviction in ether has strengthened tremendously, the star stock-picker said in a new interview with CNBC on Monday.

“Our confidence in ether has gone up dramatically as we’ve seen the beginning of this transition – from proof of work to proof of stake,” Wood said. “We’d still probably do 60% bitcoin, 40% Ether.”

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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://markets.businessinsider.com/news/currencies/cathie-wood-bitcoin-price-prediction-jump-500000-ether-confidence-high-2021-9

https://cointelegraph.com/news/microstrategy-doles-out-240m-on-additional-bitcoin-purchase

https://cointelegraph.com/news/fake-news-litecoin-price-surges-35-following-walmart-adoption-hoax………%20which%20then%20sent%20the%20entire%20crypto%20market%20crashing%20once%20this%20story%20was%20confirmed%20to%20be%20a%20hoax%20by%20walmart…..

https://cointelegraph.com/news/btc-price-nears-46k-with-bitcoin-exchange-reserves-lower-than-november-2020

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

‘Bitcoin (BTC) may hit $20,000 any time’

Many have been expecting the Bitcoin price to go through the roof at any moment due to the recent global economic crisis caused by the COVID-19 outbreak in China’s Wuhan.

Lockdowns emerged in the majority of countries in Europe, China and the US, prompting governments to take steps to stimulate the economy via quantitative easing to support businesses and ordinary citizens.

All of that led to an oil price collapse below zero on Monday.

In these conditions, bullish expectations towards the approaching Bitcoin halving have increased.

Trader Carl Eric Martin, also known as the Moon Carl, has tweeted his rising bullish take on the prospects of the Bitcoin price in the current economic chaos that has been spreading around the world.

The situation is unpredictable for any assets now. As an example, he refers to the crude oil futures price suddenly dropping below zero.

The trader believes that with the approaching halving, Bitcoin could easily surge to $20,000 in one week.

Trader and analyst Christopher Jaszczynski seconds his forecast, emphasizing that $20,000 is a realistic price for Bitcoin to reach in the current fundamental setup.

“If i asked you 1 week ago what is most likely: Oil going into negative price in 1 week? Or Bitcoin going to $20,000 in 1 week? Everything is possible in times like these. Be prepared for anything after the Bitcoin halving in 20 days!”

Earlier, the same trader took to Twitter to share a textbook Bump and Run Reversal Bottom pattern for Bitcoin, which would allow it to hit $10,500 soon.

Gabor Gurbacs, the digital currency strategist at VanEck, has shared his growing bullish attitude towards BTC.

He says that despite the fact that a few weeks ago financial markets did not take Bitcoin seriously, under the current impact of the pandemic, fragile economy and oil price, Bitcoin seems to be making “more sense than most markets.”

“A few weeks ago financial markets kept dismissing Bitcoin as nonsense. In a short few weeks, after trillions in QE, 22 million newly unemployed, massive bailouts, UBI checks, negative treasury rates and negative oil prices, Bitcoin seems to make more sense than most markets.”

Touching on the subject of millions of people losing their jobs in the US alone, Gurbacs states that Bitcoin is capable of helping people solve this problem as well. In other trending Bitcoin news today:

THESE 4 FUNDAMENTAL SIGNS SHOW A BITCOIN BULL RALLY IS GROWING MORE LIKELY

As observed by crypto exchange ShakePay, despite “the most significant economic collapse of the 21st century,” Bitcoin hasn’t been fazed.

Per Coin Metrics, the number of active addresses on the network is reaching a multi-month high, recently surmounting the sum of 840,000 addresses.

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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:

If i asked you 1 week ago what is most likely:Oil going into negative price in 1 week?Or Bitcoin going to $20,000 in 1 week?

Everything is possible in times like these. Be prepared for anything after the #Bitcoin halving in 20 days!

— The Moon (@TheMoonCarl) April 22, 2020

OIL KEEPS FALLING!!JUNE CONTRACTS DOWN 47% and trending straight to sub $0 levels againNegative rates, negative oil, negative yield – the economy has gone mad!! Everything is inverted

Luckily we have Plan B – #Bitcoin  🙏

— Ivan on Tech (@IvanOnTech) April 21, 2020

A few weeks ago financial markets kept dismissing #Bitcoin as nonsense. In a short few weeks, after trillions in QE, 22 million newly unemployed, massive bailouts, UBI checks, negative treasury rates and negative oil prices, #Bitcoin seems to make more sense than most markets.

— Gabor Gurbacs (@gaborgurbacs) April 21, 2020

Active Bitcoin addresses are looking like a 🚀🚀🚀 this week.

Not only is the Bitcoin network growing, it’s growing amidst the most significant economic collapse of the 21st century. pic.twitter.com/PkEVVSdyqw

— Shakepay – Buy/Sell Bitcoin 🇨🇦 (@shakepay) April 21, 2020

These 4 Fundamental Signs Show a Bitcoin Bull Rally is Growing More Likely

https://u.today/bitcoin-btc-may-just-hit-20000-in-20-days-be-prepared-for-anything