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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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Bitcoin Price Could Shoot Towards ,000 in 2020 | How Can You Not Be Bullish On BTC?
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One fractal analysis, predicts that Bitcoin price ongoing consolidation will resolve to the upside in an explosive fashion.
The catch: the BTC breakout will come at the end of 2020 â over five months away.
On March 12th and 13th, the Bitcoin market broke down. As many investors likely remember, in the span of approximately 24 hours, the cryptocurrency market fell by around 50%.
Bitcoin then plunged from the $7,000s to $3,700. Few expected the market to recover at the time.
There were some, however, trying their best to stay optimistic.
The CIO of Altana Digital Currency Fund, Alistair Milne, shared the chart below in the day after the crash, attaching the comment:
âSo, if you take the fractal after the Aug 2015 meltdown due to exchange dysfunction (and major trendline break) ⊠and place it on the end of Fridayâs meltdown, you get this âŠâ
The chart, which showed Bitcoin could follow the path it took after 2015âs crash, implied that BTC would recover to $10,000 by June.
And that it did, with Bitcoin spiking above $10,000 at the start of June.
This same fractal now predicts that after two more months of consolidation, Bitcoin will hit $18,000 by the end of 2020.
As Milne explained in a recent update about the fractal:
âWould you accept another ~2 months of no volatility if it meant we go directly to $18k within 4 weeks of a breakout?â
Milne isnât the first individual to have suggested that Bitcoinâs ongoing consolidation will resolve higher.
Mike McGlone â the senior commodity analyst at Bloomberg Intelligence â recently wrote the following on Twitter:
âVolatility should continue declining as Bitcoin extends its transition to the crypto equivalent of gold from a highly speculative asset, yet we expect recent compression to be resolved via higher prices.â
So, if you take the fractal after the Aug 2015 meltdown due to exchange dysfunction (and major trendline break) ⊠and place it on the end of Fridayâs meltdown, you get this âŠ
The sentiment McGlone shared is in line with the sentiment he shared in previous analyses. In editions of Bloombergâs âCrypto Outlookâ released over recent months, the Wall Street analyst has outlined a perfect storm of reasons indicating that Bitcoin will move higher.
Some of those reasons are as follows:
* The BTC block reward halving that came in May
* The increasing investment in the Bitcoin market by users of the CME and clients of Grayscale
* Bitcoinâs growing correlation with the gold market
* And more.
In other trending Bitcoin News today:
HOW CAN YOU NOT BE BULLISH ON BITCOIN? ANALYST ASKS DUE TO NEW DATA
Despite volatile price action, a majority of Bitcoin in circulation remains inactive.Â
According to data from Glassnode, a blockchain analytics firm, the percentage of coins not moved has reached 62% â an all-time high.
This comes in spite of the fact that 77% of the Bitcoin supply was accumulated at a price lower than current.
Thatâs to say, 77% of all BTC can currently be sold for profit. To Rafael Schultze-Kraft, the CTO of Glassnode, the confluence of high profitability amongst investors and increasing levels of holding is bullish.
âBTC supply not moved in over a year: 62%. BTC supply in a state of profit: 77%. Read: Many investors could be profitably cashing out, but instead choose to hodl. How can you not be bullish on Bitcoin.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:
How Can You Not Be Bullish on Bitcoin? Analyst Asks Due to New Data
#Bitcoin Blahs? Benchmark #Crypto Looked Similar Before Past Gains â
Volatility should continue declining as Bitcoin extends its transition to the crypto equivalent of gold from a highly speculative asset, yet we expect recent compression to be resolved via higher prices. pic.twitter.com/XbIMv5AYAfâ Mike McGlone (@mikemcglone11) July 2, 2020
Would you accept another ~2 months of no volatility if it meant we go directly to $18k within 4 weeks of a breakout?
Check what happened in early 2016⊠https://t.co/BH18zB9eOb
â Alistair Milne (@alistairmilne) July 14, 2020
This 2016 Bear Market Fractal Shows Bitcoin Could Shoot Towards $20k in 2020
https://cryptopotato.com/bullish-bitcoin-price-post-halving-patterns-start-repeating/
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TOP CRYPTO ANALYST PINS DATE ON BITCOIN PRICE SURGE TO K!! BTC BULL MARKET EUPHORIA INCHES AWAY!!
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DataDash founder and crypto analyst Nicholas Merten says he believes Bitcoin (BTC) is now firmly in the early stages of a long-term bull cycle.
In a new video, Merten says that the Bitcoin correction, which started in mid-August, is now over as BTC has managed to stay above $10,000.
âI really think weâve set in the relative bottom here, the higher low here, as weâve been holding on this line of support and as weâve clearly broken away from the line of resistance.â
With the local bottom in place, Merten now believes that Bitcoin will make its slow upward journey, during which the leading cryptocurrency will take its time to convert key resistances into supports.
According to Mertenâs chart, Bitcoin is poised to print a new all-time high of at least $30,000 before the end of 2021.
âWeâre going to break above our relative highs here from August. Come back up here. Retest $14,000. Get rejected. Make this range here support (roughly $12,000). This previous range of resistance, this is going to become new support.Â
Weâre going to kick back up. Break above those June 2019 highs at $14,000. Weâre going to come up here, test these slightly lower highs from the all-time high peak at around $17,000. Come down. Make $14,000 to $15,000 our new support.
Come up here towards around $20,000. Get rejected. Come down to $17,000 and then weâre going to slowly break above to $23,000, $22,000 and then start to make $20,000 support. Then after that, the skyâs the limit. The cycle has started.â
In other trending Bitcoin News today:
Bitcoin to Soon Form Signal Last Seen Prior to 2,000% Rally in 2017
Bitcoin has undergone a strong rally over the past few months. From the March lows, the cryptocurrency has gained over 200%, rallying from $3,500 to $11,700 now.
While already impressive, the coin is about to form a pivotal buying signal that may suggest more upside is likely.
The signal in question last formed when the cryptocurrency was trading under $1,000 at the end of 2016, prior to the 2017 exponential rally.
According to data from Crypto Quant shared by a crypto-asset analyst, Bitcoin is about to form a long-term buying signal.
The signal is the Miners Reserve, which tracks the BTC reserves of entities tied to mining pools.
According to the chart, the indicator is poised to undergo a positive crossover, with the short-term moving average crossing below the long-term moving average.
This signal is important as it was last seen at the end of 2016, prior to Bitcoinâs 2,000% rally in 2017.
This signal also preceded two other macro rallies that brought BTC exponentially higher.
The same trader pointed to a swath of other on-chain trends showing that the long-term trend is favoring bulls.
Fundamental trends favor Bitcoin bulls, analysts say.
Macro investor Raoul Pal recently said in an interview with publication Stansberry Research that  Bitcoin is likely to reach a price of $1 million in the coming five years.
He thinks that investment by institutional players will drive the cryptocurrency this far to the upside:
âJust from what I know from all of the institutions, all of the people I speak to, there is an enormous wall of money coming into this. Itâs an enormous wall of money â just the pipes arenât there to allow people to do it yet, and thatâs coming. But itâs on everybodyâs radar, and thereâs a lot of smart people working on it.â
Pal has said that he thinks Bitcoin may be the best investment in existence right now due to macro trends.
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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:
OK, so @cryptoquant_com is doing a closed beta and I’m lucky enough to be able to test it.
Let’s make a Big thread right here to connect Onchain Analysis & Technical Analysis
Is $btc in a bull market or what ?
1/x
â Coiner-Yadox (@Yodaskk) October 17, 2020
Bitcoin to Soon Form Signal Last Seen Prior to 2,000% Rally in 2017
https://cointelegraph.com/news/bitcoin-price-nears-final-hurdle-at-12k-before-bull-market-euphoria
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HEREâS HOW BITCOIN WILL HIT $760K WITHIN NEXT 5 YEARS, SAYS ARK INVEST CEO CATHIE WOOD!!
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A Bitcoin price prediction of $760,000 â more than 12 times the current price â would strike most people as delusional.
But this eye-popping target doesnât come from a BTC fanboy on Twitter or RedditâŠ
It comes from Wall Streetâs latest superstar: ARK Invest CEO Cathie Wood.
The current Bitcoin price of about $60,000 is the base. Wood sees institutional investors adding $500,000 to that and emerging market adoption adding $100,000 to $200,000 more.
So Woodâs five-year BTC price target is actually a range between $660,000 and $760,000, with $700,000 falling just below the middle of the range.
In other trending Bitcoin News today: Ethereum âhuge Cup & Handle patternâ reaffirms $6.5K ETH price target!
The bullish outlook appears as ETHâs price decline stalls near its old cup-and-handle resistance level, now acting as support and thus raising the potential of a strong rebound ahead.
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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:
Yes, Cathie Woodâs $700,000 Bitcoin Price Prediction Is Legit
https://cointelegraph.com/news/ethereum-huge-cup-handle-pattern-reaffirms-6-5k-eth-price-target
https://cointelegraph.com/news/60k-becomes-resistance-5-things-to-watch-in-bitcoin-this-week
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