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Widely-followed crypto analyst Michaël van de Poppe is suggesting the bottom is in on Bitcoin, Ethereum, and Vechain, while telling prospective altcoin investors that the best time to buy might be now.
The popular crypto analyst also shares a reminder with the following peak high bull cycle predictions:
âBitcoin to $350,000-450,000
Ethereum to $10,000-17,500
Polkadot to $250-350
Chainlink to $250-350
Cardano to $10-20
Zilliqa to $5-7
Elrond to $500-750
DIA to $50-75
Some might be conservative.â
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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/happy-bearday-bitcoin-it-s-been-3-years-since-btc-bottomed-at-3-1k
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K BITCOIN PRICE VERTICAL ASCENT IN COMING MONTHS WILL IGNITE MANIC PHASE TO CATAPULT BTC TO 5K
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A cryptocurrency trader who accurately predicted last yearâs Bitcoin crash has updated his BTC price roadmap.
The pseudonymous crypto strategist known as âDave the Waveâ says Bitcoin has already resolved the large symmetrical triangle that has kept the market bearish for over two years.
He now expects the Bitcoin price to launch a vertical ascent to $24,000 in the coming months.
Based on Daveâs chart, Bitcoin will likely continue trading inside another triangle until the second quarter of 2021.
The breakout from this pattern could ignite a manic phase that would catapult BTC to $115,000.
He also says one altcoin that was hammered during the brutal bear market has massive upside potential.
Dave the Wave tells his 34,000 Twitter followers that South Korean blockchain interoperability protocol ICON (ICX) may be gearing up for a parabolic breakout after languishing in bear territory for over two years.
During that period, ICX wiped out 99% of its value as the coin nosedived from its all-time high of $12.64 to a bear market low of $0.106937, according to CoinMarketCap.
According to Dave, the huge devaluation puts ICX in a position to surge to $102.56 and post astronomical gains of 22,947% in the next bull cycle.
In other trending Bitcoin News today:
MicroStrategy Purchases $250,000,000 in Bitcoin, Says Top Crypto Can Maximize Long-Term Value for Shareholders
MicroStrategy has adopted Bitcoin (BTC) as its reserve currency â and stunned commentators by purchasing over 21,000 BTC on Aug. 11.
The worldâs largest publicly-traded business intelligence company has swapped fiat for Bitcoin as its treasury reserve asset, but the reasons behind it suggest that more big businesses will have no choice but to do the same.
Why did MicroStrategy choose Bitcoin, and will others follow?
In a press release issued on Aug. 11, CEO Michael Saylor went further than most by calling Bitcoin âdigital gold.â With no âifsâ or âbuts,â Saylor unreservedly plugged the largest cryptocurrency over both fiat and other traditional safe-haven assets such as gold.
âBitcoin is digital gold â harder, stronger, faster, and smarter than any money that has preceded it,â he commented.Â
That angle closely mimics some of Bitcoinâs foremost proponents, notably Saifedean Ammous, who in his book, âThe Bitcoin Standard,â repeatedly explains that so-called âdigital scarcityâ puts Bitcoin in a separate league to any other form of money which has ever existed.
Like Ammous, Saylor also believes that Bitcoinâs very structure will ensure that its value will only increase with time.
He added:Â âWe expect its value to accrete with advances in technology, expanding adoption, and the network effect that has fueled the rise of so many category killers in the modern era.â
Bitcoiners were particularly excited about MicroStrategy because it unashamedly replaced fiat currency for cryptocurrency.
Its purchase of 21,454 BTC for an aggregate price of $250 million late last month may not only be symbolic (given the total 21M BTC) but it also means that the company controls 0.1% of the total Bitcoin supply â something competitors will find increasingly expensive to replicate.
âMicroStrategy bought 0.1% of the Bitcoin supply. Very few companies will be able to copy this strategy,â What Bitcoin Did podcast host Peter McCormack tweeted in response.
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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/3-reasons-why-microstrategy-adopted-bitcoin-and-why-others-will-too
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BITCOIN HASHRATE HITS A HIGH – BTC PRICE WILL FOLLOW SAYS MAX KEISER | 7 Cryptoâs Making Huge Moves
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Despite stagnation in the Bitcoin market, the hash rate of the leading cryptocurrency has grown stronger and stronger.
The hash rate is the measure of the computational power being allocated to mine BTC blocks.
As noted by CoinCornerâs Matt Ward, data shows that the hash rate just hit a new all-time high on July 13th.
The measure hit 147.88 exahashes per second, which is double that seen a year ago and over 10 times higher than that of 2017âs $20,000 high.
âBitcoin hashrate just reached an đźđčđč đđ¶đșđČ đ”đ¶đŽđ”. The đ”đ¶đŽđ”đČđż the hashrate, the more đđČđ°đđżđČ the network is.â
This indicates that Bitcoin is more secure as a computational network than ever before, even though the market has flatlined.
But what effect will the booming hash rate have on the price of BTC?
According to Bitcoin investor and the co-host of the Keiser Report, Max Keiser, BTC is likely to follow the hash rate higher.
In a series of tweets published on July 13th, Keiser cemented his sentiment:
âHashrate precedes price BTC. Bitcoin price â not that important â as Gold price is not that important since both BTC and Gold trade inversely with the USD. BTC hashrate increasing shows confidence in fiat money collapsing Soon, BTC will actually be drawing energy away from fiat.â
As a pertinent aside, Keiser previously said that he thinks 99% of all the hash rate in the crypto industry will soon be allocated to Bitcoin.
This sentiment has been corroborated by other investors.
Charles Edwards, a digital asset manager, unveiled the âEnergy Valueâ model for the BTC price in December of 2019.
The premise is that the âvalue of Bitcoin is a function of its energy input in Joules.
The formula he created was then accurate, with his analysis indicating it has had an 80% R2 value over Bitcoinâs lifespan.
The same model predicts that BTC is currently around 28% undervalued. With the high accuracy of the model, should Bitcoinâs hash rate remain this high or continue to grow, the BTC price will eventually follow.
In other trending Bitcoin News today:
7 Crypto Assets Making Huge Moves As Bitcoin (BTC) and Ethereum (ETH) Prepare for Breakout, Says Analyst Nicholas Merten
Crypto analyst Nicholas Merten says the crypto markets are gaining momentum.
On a new episode of DataDash, Merten looks at digital assets in the 100-200 rank by market capitalization and points to a few that are making big moves.
âThe excitementâs happening. Weâre seeing a lot of plays starting to make 10, 20, 30% moves in a single day, and this is the kind of sign here of a reversal pattern in cryptocurrency markets.
Optimism starting to showâŠÂ Request Network up 26.6%. Band Protocol, a competitor within the Oracle space, up nearly 18%. Ocean Protocol [up] 14%. Haven Protocol, another one that many people have been talking about, up 13.69%.
And also things like Theta Fuel, Elastos and Unibright all up in double-digit territory. So this is really exciting to see.â
Merten is also bullish on Bitcoin (BTC), predicting a sharp move to the upside for the crypto king and for Ethereum (ETH) âin the next month or so.â
âI really do think youâre going to see Bitcoin above $10,000, youâre going to see ETH above $300, and youâre going to see a ton of altcoins continue day by day in this case to continue making double-digit returns into the month of August.â
Back in April, Merten said he believes $100,000 is a practical price target for Bitcoinâs next long-term 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:
Hashrate precedes price#Bitcoin price â not that important â as Gold price is not that important since both BTC and Gold trade inversely with the $USD BTC hashrate increasing shows confidence in fiat money collapsing
Soon, BTC will actually be drawing energy away from fiat
â Max Keiser (@maxkeiser) July 13, 2020
Bitcoinâs Hash Rate Just Hit a High â Max Keiser Thinks Price Will Follow
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QUANT ANALYST PLAN B PREDICTS BITCOIN HYPERBOLIC SCENARIO â HEREâS HIS Q1 BTC PRICE TARGET!!
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Quantitative analyst PlanB is updating his Bitcoin price target for the first quarter of 2022 and reveals when he thinks BTC will see a hyperbolic surge where it outperforms all other assets.
In an interview with Bitcoin bull Anthony Pompliano, the widely followed crypto analyst says that based on his various models, thereâs a possibility for the BTC price to ascend as much as 700% by early next year.
âI guess we will be above $100,000, above $135,000 at the end of the year, and then weâll continue to grow maybe towards to stock-to-flow X (S2FX) model target [at] $288,000 or even above. I would not be surprised even to see in Q1 in Q2 next year prices of $300,000, $400,000 [or] $500,000.â
In other trending Bitcoin News today: Crypto Analyst Alex KrĂŒger Predicts Bitcoin Price for End of 2021, Says $1 Million BTC Inevitable in the Long Run!
In a new interview with YouTuber and crypto strategist Scott Melker, KrĂŒger predicts that Bitcoin will eventually hit the $1 million price tag. However, he says the timeframe for the price target is up for grabs.
âOne million Bitcoin? I think it will happen, most definitely. I have no idea when. I think itâs way out there.â
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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/bitcoin-soft-fork-days-away-as-taproot-upgrade-closes-in
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