IS $100K BITCOIN STILL POSSIBLE IN 2021?!!!!!

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Popular analyst and trader Michaël van de Poppe is providing his take on the latest market correction while naming a set of altcoins that have caught his attention.

“It’s great to see the strength on altcoins. Yes, we’ve got some news regarding Bitcoin and Elon Musk (Tesla CEO), but essentially, not much has changed. Markets are still bullish.”

In other trending Bitcoin News today: Mark Cuban Responds to Elon Musk, Says Bitcoin and Crypto Will Benefit Society and the Environment!

Dallas Mavericks owner Mark Cuban says his NBA franchise will continue to accept Bitcoin as payment despite Elon Musk’s recent announcement that Tesla will not. Cuban tells his 8.4 million Twitter followers that, as a store of value, BTC is in fact a better environmental alternative to gold.

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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/as-bitcoin-price-staggers-whale-wallets-may-be-becoming-an-endangered-species

https://cointelegraph.com/news/altcoins-pop-while-bitcoin-looks-for-support-near-50-000

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Bitcoin surpassed $66,500 during Nov. 8 as major BTC gains seemed unfazed by Tesla (TSLA) stock losing 5% at the Wall Street open. 

Global investment bank JPMorgan has doubled down on its Bitcoin price prediction of $146K. 

The JPMorgan analyst added: “The re-emergence of inflation concerns among investors during September/October 2021 appears to have renewed interest in the usage of bitcoin as an inflation hedge.” 

Reiterating his “bullish outlook” for BTC made in October, he wrote:

“Bitcoin’s allure as an inflation hedge has perhaps been strengthened by the failure of gold to respond in recent weeks to heightened concerns over inflation.”

In other trending Bitcoin News today: Ethereum back in price discovery as ETH approaches $5K!

Ethereum blockchain’s native asset Ether (ETH) touched a new record high on Nov. 8, supported by a rally across the top cryptocurrencies ahead of a key U.S. inflation report this week.

ETH price rose by 3.30% in the past 24 hours to $4,770 for the first time in history as Bitcoin reclaimed $66,000, demonstrating the strong positive correlation between the two digital assets.

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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://news.bitcoin.com/jpmorgan-doubles-down-on-bitcoin-price-prediction-146k/

https://cointelegraph.com/news/ethereum-back-in-price-discovery-as-eth-approaches-5k

https://cointelegraph.com/news/crypto-markets-tag-3t-combined-market-cap-for-first-time

https://cointelegraph.com/news/resistance-is-futile-5-things-to-watch-in-bitcoin-this-week

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Bitcoin Price to Target $11,500 in the Short Term Because Of These Simple Factors

TradingShot – a well-respected technical analyst on TradingView – explained in a recent post that he is closely watching a recently formed inverse head and shoulders pattern for insight into where the BTC price will go next.

Based on this pattern, which he outlines, he believes that Bitcoin (BTC) will retrace towards $7,300 before rallying up to $11,500.

“I expect Bitcoin to retrace now back to roughly 7300 and price the top (inversed) of the Right Shoulder. Assuming the pattern is to a good degree symmetrical, I then expect a peak (before the May Halving) within $11000 – 11500,” he noted.

Analyst: Post-Halving Momentum Likely to Lead BTC to $20,000 TradingShot doesn’t believe that $11,500 is where Bitcoin’s 2020 rally will end, however, as he further goes on to note that post-halving momentum could lead the crypto to its previously established all-time highs around $20,000.

“The Halving will then take effect and after an initial consolidation I expect the 20k ATH to be tested before the end of the year,” he bullishly explained.

In addition to leaning on the inverse head and shoulders pattern and the upcoming mining rewards halving as bullish catalysts, he also references BTC’s position within another macro parabolic channel as a reason to be bullish.

The culmination of all these factors does seem to suggest that the crypto will soon see a significant extension of the uptrend it has been caught within over the past several weeks.

In other Crypto news today, 3 top Cryptocurrency analysts, Peter Brandt, Tom Lee and Mati Greenspan all remain Bullish on Bitcoin right now.

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🔥 [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:

Charts are constantly morphing. The idea of drawing a chart boundary definition to be fixed forever was discounted by serious traders 80 years ago. Often, the exact configuration is clear only after the fact. #FACT

— Peter Brandt (@PeterLBrandt) January 24, 2020

Wouldn’t trust trendlines… As everyone is drawing them as per their own bias. It can be drawn multiple ways on many Tfs. Market structure is bearish on weekly… unless proven otherwise. Wouldn’t look at daily for a trend change. The bread n butter is weekly for btc.

— Sanchit (@SanchitLuthra87) January 24, 2020

Peter Brandt Remains Bullish on Bitcoin

$20,000: This Pattern Suggests Bitcoin Could Rally 135% in Coming Months

https://www.tradingview.com/chart/BTCUSD/WibvuiXX-BITCOIN-The-hidden-Channel-the-I-Head-and-Shoulders-to-11000/