John McAFee Calls His Own John McAFee Calls His Own $1 Million Bitcoin Price Prediction in 2020 a ‘Ruse’ to Attract New Users Million Bitcoin Price Prediction in 2020 a ‘Ruse’ to Attract New Users

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Crypto veteran Bobby Lee says the recent 50% BTC collapse from all-time highs does not mirror market tops of the past. In a new interview with Luke Martin of Venture Coinist, Lee, who accurately called for a 50% drop in Bitcoin price once it approached the $70,000 level, is discussing when we can expect BTC to catch fire and blast through the six-figure mark.

“I think we’re going to hit it either in the late summer or the fall of this year to get past $100,00, and then it’s going to zoom up really fast.”

“And I’ll give another prediction. When we hit the bull market, how do you know it’s an all-time high? How do you know it’s really peaked out?… If the price doubles within a day or two days – somewhere around one and three days – if the price doubles, that’s when it runs out of steam and that’s going to be the all-time high of this market cycle. The important thing is, people always ask ‘How do you know when we hit the all-time peak?’ The peak doesn’t happen based on FUD and bad news.” 

In other trending Bitcoin News today: El Salvador to buy an estimated $135,000,000 worth of Bitcoin to give away for free to its citizens. This Thursday, the President of El Salvador, Nayib Bukele announced that adult citizens in El Salvador will receive $30 worth of Bitcoin for free after setting up their account on the government’s cryptocurrency app.

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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:

El Salvador To Buy an Estimated $135,000,000 Worth of Bitcoin

https://cointelegraph.com/news/billionaire-vows-to-spearhead-mexico-s-first-bitcoin-friendly-bank

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Bitcoin has undoubtedly been on a tear over the past 45 or so days.

Since hitting $6,400 in December, the BTC price has surged by almost 50%, hitting a local high of $9,550 on Thursday.

According to Mike Novogratz – a Wall Street name who used to be a partner at Goldman Sachs and now heads Crypto fund Galaxy Digital – there is a confluence of reasons why the Bitcoin price will continue higher in the months to come.

He conveyed these reasons, or catalysts, in a recent interview with Bloomberg, though he was hesitant to give a BTC price prediction on air.

These Things Could Send Bitcoin Price Soaring In 2020

1. The debasement of fiat money

2. Becoming digital gold

3. Increasing levels of infrastructure

In other Crypto news today…

I share 10 exceptionally bullish factors which confirm a new Crypto bull market has officially begun.

Two full years of a bear market has left Cryptocurrency investors scorn and beaten down, which has mentally conditioned the market to expect more downside regardless of where their long term beliefs toward Bitcoin (BTC) and altcoins may lie.

When markets experience a full cycle, bull markets turn from irrational exuberance and hope to bear markets where fear and anger dominate.

As things turn bullish once again, investors are often left in disbelief, assuming that any up

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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:

10 Factors Confirm a New Crypto Bull Market Has Officially Begun

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BITCOIN PRICE HOLDING THIS ESSENTIAL LEVEL WILL LEAD TO 20% RALLY

Bitcoin has seen quite the turn of events over the weekend; the BTC price of the leading cryptocurrency has whipsawed between $9,700 and $10,500, failing to establish a short-term trend due to an endless tug of war between buyers and sellers.

While many analysts and investors have attributed this indecisive price action to a potential topping in the Bitcoin (BTC) market, some are sure the asset is poised to continue even higher in the coming weeks, citing the fact the cryptocurrency maintained the $9,500 price point – a level that has been critical for BTC to hold over the past few months.

Prominent cryptocurrency investor George recently remarked the Bitcoin price is still on track to rally towards the $11,700 price point – around 17% higher than the current price – in the coming weeks.

He backed this forecast by posting a chart, seemingly suggesting the cryptocurrency, despite rejecting the 0.25 level of a weekly range formed in 2019, has held the $9,700 swing low and the $9,500 inflection point.

George further explained “Keep it simple, $11,700 is next. Invalidation [if there is a] clean break below $9,500.”

BITCOIN PULLBACK ACCELERATES, IS THE CRYPTO BULL RUN OVER?

The crypto correction that began over the weekend has accelerated into Monday morning as bitcoin slides back towards support.

Altcoins, which have rallied hard recently, are in deeper pain with several dumping double digits today.

Total crypto market capitalization has dumped a further $15 billion over the past 24 hours or so.

The slide has taken total cap back to $280 billion, which is still 47% higher than it was at the beginning of the year.

Bitcoin has failed to break $10k again and further losses are expected but how low will it fall this time?

Lower highs are being made on the bitcoin chart which means that the short term downtrend is accelerating.

It failed to break resistance at $10k a few hours ago and has since slumped back towards $9,700 where there is support.

If this level does not hold BTC is expected to fall back to the $9,350 region where there is further support.

If this crucial zone is broken then things could get ugly fast with a potential dump back into the low $8k region.

Analysts and traders remain optimistic however with some pointing out that the correction is not even 10% yet from a climb of 46% so far this year.

“$BTC has risen 60+% since the first of the year and everybody is now scared of a 10% drop? Really?” – CryptoFibonacci

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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:

$BTCBullish – nice 4 hr & daily close to end Sunday, bounced at key area of $9800 (HVN)Bearish – still forming lower highs/lower lows on intraday charts, CME price pullback from $10,075. less premium

Still needs to hold $9800+ on HTF or we’ll still visit $9,300 to $9,550 pic.twitter.com/G1LCcGqjF2

— Josh Rager 📈 (@Josh_Rager) February 17, 2020

I wouldn’t mind a 10-20% dip here if it means alts crash by 70%+. The malinvestments from the last bubble don’t feel finished 2+ years later.

— Jimmy Song (송재준) (@jimmysong) February 17, 2020

Bitcoin Pullback Accelerates, Is The Crypto Bull Run Over?

Bitcoin Holding This Essential Level Will Lead to 20% Rally