I’M VERY CONFIDENT BITCOIN IS GOING TO HIT $322,000 THIS YEAR SAYS CRYPTO TRADER BITBOY CRYPTO!!

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Bitcoin is facing a “double bubble” and will see two BTC price tops this year, fresh data suggests.

In a tweet on Wednesday, Charles Edwards, CEO of investment firm Capriole, highlighted 2021 as having one key similarity to the 2013 double top bull cycle.

“New evidence for a Bitcoin double bubble,” he summarized.

“In prior cycle tops, bounces were never able to hold unrealized profit and loss above 0.5. Only the 2013 double bubble and today have achieved this.”

In other trending Crypto News today: Facebook’s David Marcus calls for “fair shot” at crypto payments.

In a newly published Medium piece titled “Good stablecoins, a protocol for money, and digital wallets: the formula to fix our broken payment system”, Facebook’s crypto pioneer David Marcus shared his views on topics of economic inequality, regulatory challenges and Novi’s proposed stablecoin solution.

“Here at home in America, … our payments infrastructure is arguably the worst of any developed country in the world, and increasingly falling behind, while China is moving with determination and haste to build an infrastructure that will make the digital yuan a challenger to the dollar as the world’s reserve currency.”

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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/new-data-suggests-bitcoin-could-see-btc-price-double-bubble-top-in-2021

https://cointelegraph.com/news/facebook-s-david-marcus-calls-for-fair-shot-at-crypto-payments

https://cointelegraph.com/news/second-largest-us-mortgage-lender-will-accept-crypto-payments-this-year

https://cointelegraph.com/news/bitcoin-mining-metric-that-has-predicted-every-big-btc-rally-since-2020-is-flashing-again

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Mimicking 5,000% gains which were experienced during the previous BTC halving bull cycle, gives a Bitcoin price of $424,000, happening sometime in November 2021.

Obviously, there is no indication yet as to whether the 20MA will now act as support for an extended Bitcoin (BTC) bull run.

But, if we assume that we have reached that point in the cycle and project the same gains from this point as we saw from February 2016, we come up with an impressive new all-time high (ATH).

However, Cowen does not see fresh gains of 5,000%, rather than gains on the way to the next ATH may be a more conservative, although still huge 1,000-1,500%.

He also thinks that the market cycles are lengthening.

Specifically that the time between the halving and the peak has been getting longer.

After the first Bitcoin halving, the peak came after around 52 weeks.

However, after the second halving, this period increased to 73 weeks. Cowen, therefore, suggests that the peak following this year’s halving may take longer still, with a potential peak not occurring until 2022.

Still, that would give us a $125k BTC price sometime in early 2022, which is certainly not to be sniffed at… if we can stay above the 20MA as support.

Analyst Who Predicts Bitcoin Will Hit $1,000,000 Says This Ratio Shows BTC’s Big Advantage Over Amazon

PlanB, a closely-watched crypto analyst known for his bold prediction that Bitcoin will hit $1,000,000 over the next decade, says a popular ratio used to asses risk and reward shows the leading cryptocurrency’s potential upside compared to some of the biggest stocks on the Nasdaq.

The analyst is releasing a series of charts that apply the Sharpe ratio to BTC, Facebook, Apple, Amazon, Netflix and Google.

The ratio was created by Nobel laureate William Sharpe and is designed to show the amount of return an investor could potentially get for enduing the volatility of a risky asset.

The pseudonymous analyst says Bitcoin has a Sharpe ratio greater than 1, which is well above the competition.

“Bitcoin is the only asset with a ‘Sharpe ratio’ greater than 1! Classic asset (stocks, bonds, gold) risk and return [is] basically flat. Even FAANG (Facebook, Apple, Amazon, Netflix, Google) [are] not even close to BTC. Note I skipped Bitcoin’s first years (2009-2012) and updated data.”

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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:

$BTC price was unable to reclaim level and has made its way back toward supportAll is not lost, want to see how it reacts at $8k

Be patient, you’ll be happy you stuck around this emotional roller coaster of a market in a couple years https://t.co/cKg6otZjeE

— Josh Rager 📈 (@Josh_Rager) January 25, 2020

They really should be calculated inside the same time period IMO, as Bitcoin has only ever existed inside a macro bull market, while many of those stocks weathered a financial crisis in 2008 and one or more bear markets which contributed to their Sharpe calculation.

— Willy Woo (@woonomic) January 25, 2020

Sorry Bears, Bitcoin Is Still In Mid-Term Uptrend: Here’s Why

Can Bitcoin Price Hit $424,000 Sometime in Late 2021?

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Macro investor and Real Vision CEO Raoul Pal is unveiling his huge Bitcoin (BTC) and Ethereum (ETH) price predictions for the end of the crypto bull cycle.

The macro guru unveils where he thinks Bitcoin and Ethereum will be, both at the end of the year and at the end of the current bull market cycle.

“I think Bitcoin, somewhere north of $200,000, and ETH closer to $15,000, but I think we finish the cycle with Bitcoin close to $400,000 and ETH closer to $40,000.”

Pal’s targets for BTC and ETH imply a 400% and 966% gain, respectively, from current values of the two largest crypto assets.

In other trending Bitcoin News today: Bitcoin RSI strength suggests BTC price is still far from its cycle top!

Bitcoin has barely started its run to new all-time highs if its relative strength index (RSI) repeats historical behavior.

TechDev previously forecasted a potential top for this cycle lying between $200,000 and $300,000 — again based on mathematical phenomena, notably Fibonacci sequences, which have also characterized every bull run.

Bitcoin O.G. Max Keiser has said that the Bank of England (BoE) will scramble to buy Bitcoin before the digital asset trades at $1 million per BTC.

The host of the Keiser Report and Orange Pill Pod, Max Keiser responded to the Bank of England’s deputy governor’s recent warning about cryptocurrencies in a statement to Express.co.uk.

“Bitcoin is designed to trigger a meltdown of the current fiat money banking system. This is a mathematically guaranteed outcome.

The bargaining phase will be their central bank digital currency stage and when that fails comes depression as the price tops $500,000 and then acceptance with the Bank of England scrambling to buy Bitcoin before it tops $ 1million per coin.”

In other trending Bitcoin News today: Grayscale hints at plans to convert Bitcoin trust into BTC-settled ETF!

On Oct. 17, Barry Silbert, the CEO of Grayscale’s parent company Digital Currency Group, hinted that Grayscale is making plans to convert its Bitcoin Trust into a spot-settled Bitcoin fund.

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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:

https://cointelegraph.com/news/bitcoin-rsi-strength-suggests-btc-price-is-still-far-from-its-cycle-top

https://cointelegraph.com/news/analysts-predict-valkyrie-will-launch-bitcoin-futures-etf-this-week

https://cointelegraph.com/news/all-bears-will-die-bitcoin-metric-prepares-to-flip-green-for-the-first-time-in-6-months