HERE’S HOW BITCOIN AND ETHEREUM WILL PERFORM FOR THE REST OF THE YEAR, ACCORDING TO MACRO GURU!!

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Bitcoin and Ethereum have entered their second-most bullish month and could continue their respective runs with new highs by the end of it, reads Kraken’s new monthly Crypto report.

History suggests that Bitcoin could match that record after April, which is on average the second-best performing month with a medium increase of 51%. With BTC entering the new month at roughly $59,000, a 50% surge will take it to just shy of $90,000.

Furthermore, the research estimated ETH’s potential peak during this market cycle based on logarithmic regression curves. If the second-largest cryptocurrency is to match its previous run, its price could surge by about 700% from March’s end to $15,238.

In other trending Bitcoin News today:

Elite Class of Crypto Assets Will Outperform Bitcoin, Says Macro Guru Raoul Pal

“Fascinating to see that since inception ETH has outperformed BTC by 250%. It only fell below its initial price in BTC for the first 5 months of its existence in 2015. Let that put rest to the idea that all other tokens trend towards zero in BTC 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:

Fascinating to see that since inception ETH has outperformed BTC by 250%. It only fell below its initial price in BTC for the first 5 months of its existence in 2015.

Let that put rest to the idea that all other tokens trend towards zero in BTC terms. pic.twitter.com/ulCpsjG8up

— Raoul Pal (@RaoulGMI) April 7, 2021

#Bitcoin  is now ~3x the peak of the 2017 bull market. The price went up ~6x after this point in 2017.

If repeated that would mean #BTC  going up to $360k this year. 🚀🚀🚀

— Bitcoin Archive 🗄🚀🌔 (@BTC_Archive) April 10, 2021

Billionaire Mark Cuban Believes Bitcoin Will Replace Gold on Massive Scale

https://cryptopotato.com/bitcoin-price-to-90000-ethereum-to-15000-if-history-repeats-kraken-report/

https://cointelegraph.com/news/bitcoin-suddenly-hits-60k-as-a-new-resistance-battle-liquidates-850m

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Late last month, the Bitcoin price saw a jaw-dropping trading session, with the BTC price gaining 42% in a 24-hour time frame; this was Bitcoin’s best daily performance in over six years.

This move, which brought the asset from $7,300 to $10,500, shocked many, with many seeing the surge as entirely non-sensical.

Though, retrospective analysis has shown that $7,300 was the price of the 200-day moving average on the CME futures market at that time, making the 42% bounce extremely peculiar.

While there is no guarantee a bounce will happen again, according to this BTC price analysis, Bitcoin is yet again knocking on the door of the 200-day moving average on the CME’s chart.

What do analysts expect to happen this time around?

Bitcoin has declined below the psychological level of $8,000 for the first time since October 25.

Interestingly, the trading volume on Bitcoin futures exchange Bakkt is increasing, which suggests that institutional investors are happy to enter the market at lower prices.

One of the possible reasons behind the ongoing decline is the so-called mining capitulation.

The phenomenon was discussed in detail by crypto analyst Cole Garner, who argued that small miners are forced to giving up on the process as it becomes too expensive for them.

The gradual exit of unhappy miners could soon end up in a massive sell-off that could drag the Bitcoin price to new lows that were unthinkable last summer.

Crypto analyst DonAlt shared on Twitter…

“People talking about $3000 right now are being more unreasonable than people talking about new highs. A run from $200 -> $20k is going to take some time to digest. $3k was an overreaction to the downside. $14k was an overreaction to the upside. We’re now finding middle ground.”

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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:

People talking about $3000 right now are being more unreasonable than people talking about new highs.A run from $200 -> $20k is going to take some time to digest.$3k was an overreaction to the downside.$14k was an overreaction to the upside.

We’re now finding middle ground.

— DonAlt (@CryptoDonAlt) November 21, 2019

Bitcoin Drops Below $8K For First Time This Month, Here’s Why

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Asset management giant Fidelity, who currently holds $10.4 trillion in assets under management, projects a $1 million Bitcoin price by 2026, according to Jurrien Timmer, the director of Global Macro at Fidelity Investments.

The explosion in wealth that will occur as BTC gains in value will create a new class of billionaires.

Balaji Srinivasan, who doubled as Coinbase’s first CTO, wrote an article titled “The Billionaire Flippening” articulating what he believes will be the structural societal impact of Bitcoin’s ever-increasing price.

He says that when bitcoin hits milestones like $100,000, there will be as many bitcoin billionaires as there are traditional billionaires. When bitcoin hits one million dollars, the world’s bitcoin and crypto billionaires will surpass the number of traditional billionaires.

To add my own calculus to his math, bitcoin’s CAGR (Compounded Annual Growth) of 200% means that it is reasonable to think that within the next two years half the world’s billionaires will have made their fortunes from cryptocurrency (when one bitcoin equals), and within five years (when one bitcoin equals $1 million) there will be more bitcoin/crypto billionaires than from every other industry combined!

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Trezor: ► http://trezor.cryptonewsalerts.net

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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:

Crypto Veteran Bobby Lee Analyzes Bitcoin, Reveals What Could Prevent BTC From Reaching $1,000,000

https://bitcoinmagazine.com/culture/1-million-bitcoin-price-billionaire

https://cryptopotato.com/jack-dorsey-reveals-efforts-to-build-a-bitcoin-centric-dex/

https://cointelegraph.com/news/bitcoin-in-line-for-phenomenal-weekly-close-if-btc-price-holds-49k