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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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IâM PUTTING MY BILLION IN BITCOIN, SAYS RICARDO SALINAS!! JOHN MCAFEE FOUND DEAD AT AGE 75!!
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Billionaire Ricardo Salinas talked with the director of Blockchain Land about his investment in Bitcoin. Salinas has said that he has 10 percent of his assets in BTC. Salinas has always been an advocate for Bitcoin. He posted on his Twitter profile that paper is worthless. And the best thing to put your money in is Bitcoin. The third richest man in Mexico has revealed that he is not afraid to put his money in BTC.
In other trending Bitcoin News today: Remembering John McAfee: Computer programmer and crypto evangelist dead at 75! Many may remember McAfee for being unapologetically outspoken for his thoughts on government overreach and for being a unique character in the crypto space. According to a report from Spanish international news agency EFE, John McAfee was found dead in his prison cell at the Brians 2 Penitentiary Center on Wednesday.
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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:
Iâm Putting My Billion In Bitcoin, Billionaire Ricardo Salinas
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BITCOIN PRICE HITTING 5K THIS BULL CYCLE IS âCOMMON SENSEâ – Willy Woo | BTC Reclaims ,000
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The Bitcoin price is heading to at least $100,000 during the bull cycle which has already begun, one of the industryâs best-known analysts has confirmed.
Speaking to RT financial news show the Keiser Report on March 3, Willy Woo described the BTC price hitting $135,000 as a âcommon-sense prediction.â
Woo to Keiser: BTC could soon clinch $250K
Woo highlighted the cumulative average Bitcoin (BTC) price as a particularly effective metric for forecasting future gains.Â
âYou go could 35 times the cumulative average of the price â and thatâs actually picked every single top in the ten-year history of Bitcoin â right now thatâs sitting above $50,000, but it keeps climbing the longer it runs for,â he told host Max Keiser.
Explaining that Bitcoin ebbed and flowed in line with the four-year cycles of its block reward halvings, Woo likened new highs in BTC/USD to water âsloshingâ in a bathtub.
âIf you make a best guess, itâs above $100,000; I think one of the more common-sense predictions would be around $135,000 based on the timing cycleture and the 35x of average cap,â he continued.
âIâm looking at around the $100,000 to $250,000 range depending on how long this bull market runs.âÂ
In other Crypto news today:
Indiaâs Supreme Court (Effectively) Unbans Bitcoin & Crypto Per excerpts of the Bloomberg article shared by Three Arrows Capitalâs Su Zhu, judges today ruled that the Reserve Bank of India was wrong in banning banks from offering services to those that dabble in cryptocurrency.
Commenting on this decision, Joe McCann, a prominent cryptocurrency analyst and an AI/cloud specialist at Microsoft said in a message published to his Telegram channel:
âIf true, India is nearly as big as China. That would open up a potentially large market for Bitcoin buyersâŠâ
Indeed, prior to the restrictions placed on the cryptocurrency industry, India was a hotbed for innovation regarding this industry.
Thus, a de-escalation of said restrictions by the regulators could revive Bitcoin investment and the level of technological developments for other projects.
NewsBTCâs very own Joseph Young said that this âwill be the biggest news of the year,â likely referencing the abovementioned sentiment.
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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:
Bitcoin’s hash rate has hit another all-time high.This has happened in the face of a potential pandemic, absolute chaos in the public markets, and helicopter money being distributed in Hong Kong.
Bitcoin doesn’t care about anything other than doing what it was built to do. pic.twitter.com/q5VF2AFn0D
â Pomp đȘ (@APompliano) March 3, 2020
India’s Supreme Court Just Made an Extremely Bullish Ruling For Bitcoin
https://cointelegraph.com/news/bitcoin-hash-rate-passes-record-150-quintillion-as-price-reclaims-9k
https://cointelegraph.com/news/bitcoin-hitting-135k-this-bull-cycle-is-common-sense-willy-woo
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BITCOIN FACING ONE LAST TEST AHEAD 0,000 RISE!! NEW METRIC REVEALS 'INTENSE' BTC BUY PRESSURE!!
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The pseudonymous crypto trader who accurately predicted the Bitcoin collapse of 2019 says BTC is due for one more test before launching a mega bull rally.
In a new tweet, the analyst who is known in the industry as Dave the Wave says it is within the realm of possibility for Bitcoin to continue consolidating for the rest of the year.
âWhat if the major line of resistance first identified became a rough line of support for price to grind down slowly over the course of the fourth quarter to meet the log growth curve? This would set up perfectly for the run up going forwardâŠâ
Based on the crypto analystâs chart, Bitcoin may continue hovering above the former resistance of the ascending triangle that ended the 2017 BTC bull run and kept the market bearish for over two years.
Daveâs chart also shows that the previous resistance and the logarithmic growth curve will touch base on December 31st, 2020.
According to Dave, the meeting of two support lines can ignite a bull market that catapults the Bitcoin price to $120,000.
Should Bitcoin follow Daveâs script, he says the consolidation should give investors a chance to accumulate BTC in the buy zone for several months before it launches a manic phase.
In other trending Bitcoin News today:
New Bitcoin-Stablecoin Metric Reveals âIntenseâ Buy Pressure
A new Bitcoin (BTC) metric says that investors are still much more interested in buying than selling at $10,000.
In a tweet on Sep. 7, Ki Young Ju, founder of on-chain analytics resource CryptoQuant, unveiled his latest tool for tracking Bitcoin investor sentiment.
Dubbed âPotential BUY/ SELL Pressure,â the tool takes exchangesâ total BTC reserves and divides them by stablecoin reserves.
The resulting number provides a rough impression of trader appetite, and it is currently skewed to the bullish side.
âBTC still has intense buy pressure. Exchanges are holding more stablecoins and fewer BTC compared to the beginning of this year,â Ki tweeted.Â
âI think we still have room for BTC bullish trend.â
Ki added one proviso to the data â that exchange traders could use stablecoins to purchase cryptocurrencies other than BTC as well as hold Tether (USDT) to buy at lower prices later.
The environment on exchanges is decidedly in a state of flux with Bitcoinâs latest price action.Â
Tether, the largest stablecoin, has passed a total market cap of $14 billion, while other recent data also suggested that buyers were looking to use stablecoin assets to snap up BTC at lower prices.
That came in the form of Glassnodeâs stablecoin supply ratio (SSR), which recorded a level three times stronger in late August than in June 2019, when BTC/USD traded at an identical price point â $11,400.Â
In other trending Cryptocurrency news today: Top Analyst Names 8 DeFi Gems Set to Pop, Says Bitcoin and Four Altcoins Worth Holding for Long Run Closely-followed trader and crypto strategist Josh Rager is eyeing a handful of decentralized finance (DeFi) assets along with a small number of cryptocurrencies that he deems worthy to hold long term.
In a new tweet, Rager says he sold some of his positions on altcoins that he doesnât want to hold for the next 12 months.
The trader says he feels secure in making long-term investments in Bitcoin (BTC), Ethereum (ETH), and Chainlink (LINK), Zcash (Zec), and Polkadot (DOT).
Ragerâs optimism in the top cryptocurrency comes as Bitcoin bulls stepped up and successfully defended key support of $10,000.
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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:
Right now my position is in more secure long term holds $BTC $ETH $LINK $YFL etcAlso holding a decent amount of cash & cut some moderate positions on alts that I don’t care to hold for another year
Didn’t sell the top but still booked nice profits & will continue to yield farm
â Josh Rager đ (@Josh_Rager) September 7, 2020
What if the major line of resistance first identified here [first chart above] became a rough line of support for price to grind down slowly over the course of the fourth quarter to meet the log growth curve? This would set up perfectly for the run up going forward⊠pic.twitter.com/KUCBrNGdjH
â dave the wave (@davthewave) September 5, 2020
https://cointelegraph.com/news/new-bitcoin-stablecoin-metric-reveals-intense-buy-pressure-analyst
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