FIDELITY URGES SEC TO APPROVE BITCOIN ETF IN PRIVATE MEETING!! BTC $100K STRONG TECHNICALS!!

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Legendary veteran Crypto trader Peter Brandt, who has previously said the Bitcoin price could rise to $100,000 in its current long-term cycle, says the BTC price remains in an historic bull trend.

In his latest weekly Crypto outlook, Brandt says Bitcoin (BTC) is now showing early signs that it could climb “a lot higher” than $100k.

“We can use this recent low that we’ve seen back in December that connects back to December 2018 as kind of now redefining the parabolic advance that could be in the process of developing now. And that has implications. I don’t want to get too far ahead of myself because I can make an argument here that I’m not sure really can be made yet – that we’re going a lot higher than $100,000, and it won’t be until 2021.”

In other Bitcoin news today:

Portfolio manager and Cryptocurrency analyst Mati Greenspan says billions of dollars are essentially sitting on the sidelines, ready to move into Bitcoin, Ethereum, XRP, Litecoin and the altcoin market at large.

Greenspan is using data from the crypto research firm Messari, which shows that the total value of all stablecoins is just shy of $6 billion.

Stablecoins are digital currencies that are pegged to traditional assets like fiat. They’re designed to maintain a steady value and offer crypto traders an easy way to sidestep the extreme volatility of the crypto markets.

Greenspan’s theory implies that the billions of dollars in the stablecoin market represent traders who have decided to exit their positions in BTC, ETH, XRP and other crypto assets and are waiting for the optimal time to re-enter the market.

“Nearly $6 billion worth of stable coins ready to move into bitcoin and the alts at a moments notice.”

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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.

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Bitcoin (BTC) should see a “large” price increase thanks to a rare bullish phenomenon that has just hit for the first time in seven years.

In his latest update on Bitcoin’s relative strength index (RSI), popular Twitter analyst TechDev flagged major similarities between this year and the 2013 BTC bull run.

“Bitcoin had its 2nd bullish monthly stoch RSI cross between 20 and 80 this cycle. An especially bullish cross. Sep 2021 and May 2020,” TechDev commented alongside a chart showing the action.

“This cross only happened two other times in history. You guessed it. Sep 2013 and May 2012. Large pumps followed all 3 previous crosses.”

In other trending Bitcoin News today: Fifth-Largest US Retail Bank Launches Cryptocurrency Custody Services Amid Strong Demand From Institutional Clients!

U.S. Bank announced Tuesday that its cryptocurrency custody services are now live and available to its Global Fund Services clients.

“The services are intended for institutional investment managers with private funds in the U.S. or Cayman Islands who would like a safekeeping solution for bitcoin – with additional coin support coming soon.”

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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/large-pump-coming-to-bitcoin-hints-btc-price-metric-but-maybe-not-until-december

https://news.bitcoin.com/us-bank-launches-cryptocurrency-custody-services-strong-demand-institutional-clients/

https://cointelegraph.com/news/mr-wonderful-s-crypto-allocation-is-now-larger-than-his-gold-holdings

https://cointelegraph.com/news/bitcoin-price-pushes-through-51k-extending-bulls-short-term-target-to-56k

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Tierion TNT coin is up a whopping 210% in the past 30 days and currently leading the Altcoin pack with 25% gains in the past 24 hours.

In this in depth Tierion coin review we discuss everything you need to know about this cryptocurrency project including where to buy it, where to store it, along with all the major features and benefits to using Tierion technology.

Some of Bitcoin’s chief shortcomings were its scalability, high cost of anchoring data, and time inaccuracy.

Tierion is a cryptocurrency that resolves all these flaws.

It uses blockchains to enable its users to store, share and verify huge amounts of data in a single, fast transaction.

Are Altcoins ready to explode?!

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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.

News Resources From Today’s Show:

https://tierion.com/

https://coinswitch.co/info/tierion/what-is-tierion