EVERYBODY WILL ACCEPT BITCOIN AND ITS PRICE WILL REACH $250K IN 2022, SAYS BILLIONAIRE TIM DRAPER!!

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It’s all about Elon Musk as Crypto Twitter provides the backdrop to an ongoing battle between Bitcoin hodlers and the “Dogefather.”

“Elon Musk must be an outstanding technical analyst. His “Tesla has not sold any Bitcoin” tweet was posted exactly at Bitcoin’s key technical level, the 61.8 fib ($42,845).”

In other trending Bitcoin News today: Top Trader Says He’s Bullish on Two Underrated Altcoins, Unveils Big End of Year Target for Bitcoin!

A high-profile crypto trader is sharing his two under-the-radar altcoin picks and his BTC bull market end-of-year prediction.

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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 is designed to do 1 thing, kill central banks. Its hard-coded in the Genesis Block this very reference. It’s designed elegantly to kill CB’s. When CB’s are killed global energy usage goes from 160K terawatt-hours cut by 3 quarters.”-@MaxKeiser

— Crypto News Alerts 🔥🎙 (@CryptoNewsYes) May 16, 2021

To clarify speculation, Tesla has not sold any Bitcoin

— Elon Musk (@elonmusk) May 17, 2021

https://cointelegraph.com/news/banking-system-consumes-two-times-more-energy-than-bitcoin-research

https://cointelegraph.com/news/elon-musk-tweets-btc-price-bottom-5-things-to-watch-in-bitcoin-this-week

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Widely followed on-chain analyst Willy Woo predicts Bitcoin will ‘go nuts’ in the coming months as long-term holders continue to accumulate the leading cryptocurrency (BTC).

“This is a macrocycle thing. You would have seen it at the 2015, 2014 bottom. You saw it at the 2019 bottom, and actually, you saw it over the 2020 where we came back down. There was the Covid crisis. There was Michael Saylor scooping up all the coins, and that was another peak of long-term holders accumulating. We’re moving into a peak, and we will be at the peak at current rates by next month. 

That means peak accumulation. Peak accumulation means, that’s defining this kind of sideways band and then after that, we do a run-up.

The last run-up was $10,000 to $60,000 starting from October last year. The run-up before that was from $4,000 to $14,000 over a matter of months. So if October we start to peak… we’re starting to look into November onwards to go. That’s when the run-up happens. All the coins are being scooped up by these long-term guys… Just the structure of the market is like, “This thing is going to go nuts.’”

In other trending Bitcoin News today: Bitcoin in a Supercycle? Analyst Will Clemente Says Long-Term BTC Holders Changing Market Structure!

“If I had to use one chart to argue that we are in a ‘Supercycle’ it would be this. Macro HODLing (hold on for dear life) behavior has shifted after March of last year. Makes a convincing case for the end of the 4-year cycle.”

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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/remarkable-on-chain-metrics-could-spell-bitcoin-ethereum-bull-market-return-new-report

https://cointelegraph.com/news/bitcoin-price-sinks-to-46-7k-despite-record-accumulation-and-supply-shock-events

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A model on XRP price development predicts that the ‘Crypto-asset’ will go to ZERO by next February.

Ripple XRP has underperformed, and plotting a linear regression predicts more crashes to a lower price range.

XRP is one of the assets that has remained stagnant in 2019 and unraveled further in the past month.

Popular Crypto analyst Alex Kruger shared on CryptoTwitter:

“Regressing $XRP against time starting Jan/1/2018 using a linear regression forecasts price to hit zero next February. Perspective”

There is no telling if Ripple’s token would behave according to the linear regression model.

But the asset has lost credibility, and there are no forces to lift the price.

During the recent price drop, XRP fell way below the $0.25 mark that was seen as a bounce area and slid as low as $0.21 before bouncing a cent.

The XRP market also saw a trading anomaly this Monday, with volumes exceeding $9 billion, with no clear explanation.

But the rally did not manage to lift the XRP price. In other BTC News today, the Crypto markets turn green and the Bitcoin price recovers above $7,500.

Crypto markets continue to improve, with the Bitcoin (BTC) showing signs of recovery.

Bitcoin started the day at $7,190, at which point the world’s largest Cryptocurrency coin found an intra-day low of $6,900 before moving up again to its current trading price near $7,540.

After a rollercoaster 24 hours, the BTC price is showing an impressive gain of more than 5% for the day.

Could Bitcoin’s next target be $8,100?

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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:

What caused 2018 #bitcoin bear market? CME futures, MtGox curator selling, ICO crack down, Bitmain troubles? Nobody knows.

What I do know is: 2017 ATH was out of S2F model prediction bands, and 2018-2019 prices were perfectly within S2F model band. Looking forward to 2020-2021. pic.twitter.com/yPuArI1uOT

— PlanB (@100trillionUSD) November 27, 2019

WTF is with #XRP‘s volume?? O_O It’s nearly 70% of it’s market cap right now and yet the price is plummeting??

Something SERIOUSLY fishy is going on right now.

— Jayed: The XRP Martian (@JayedMartian) November 25, 2019

What caused 2018 #bitcoin bear market? CME futures, MtGox curator selling, ICO crack down, Bitmain troubles? Nobody knows.

What I do know is: 2017 ATH was out of S2F model prediction bands, and 2018-2019 prices were perfectly within S2F model band. Looking forward to 2020-2021. pic.twitter.com/yPuArI1uOT

— PlanB (@100trillionUSD) November 27, 2019

XRP Price Could Go Down to $0 by Next February: Alex Kruger

https://cointelegraph.com/news/crypto-markets-are-turning-green-bitcoin-recovers-above-7-500