JOHN MCAFEE: ‘I Never Cared About The Price of Bitcoin (BTC)’ | Exclusive Interview

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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.

“I really think we’ve set in the relative bottom here, the higher low here, as we’ve been holding on this line of support and as we’ve clearly broken away from the line of resistance.”

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 Merten’s chart, Bitcoin is poised to print a new all-time high of at least $30,000 before the end of 2021.

“We’re 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. 

We’re going to kick back up. Break above those June 2019 highs at $14,000. We’re 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 we’re going to slowly break above to $23,000, $22,000 and then start to make $20,000 support. Then after that, the sky’s the limit. The cycle has started.”

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 Bitcoin’s 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:

“Just 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. It’s an enormous wall of money — just the pipes aren’t there to allow people to do it yet, and that’s coming. But it’s on everybody’s radar, and there’s a lot of smart people working on it.”

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:

$btc $btcusd #BTC

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

— 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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Teeka Tiwari reveals his ‘Final 5’ crypto picks of 2020 in the most anticipated live cryptocurrency event of the year.

With the Bitcoin price currently dropping and with the market looking short term bearish, will the BTC halving which is now only 63 days away spark the next parabolic bull rally?

For the past six months, Teeka Tiwari – the independently ranked #1 most trusted person in crypto – has been on a world tour, investigating a rare crypto market phenomenon…

100% guaranteed to happen only once every four years. (It’s not the halving. The answer may surprise you.)

Over 100 billionaires and wealthy investors are in a buying frenzy right now, preparing for this phenomenon.

The last time it occurred in 2016 (we won’t see it again until 2024), you could’ve turned $500 into as much as $5 million – in 10 months.

During this landmark online training event, Teeka will fly you to the hidden-in-plain-sight epicenter of this phenomenon… so you can see with your own eyes: It’s real.

It’s 100% guaranteed to hit in roughly 50 days. And it could be bigger than any other phenomenon before.

Analyst Who Predicted Bitcoin Crash to $6,500 Says BTC Gearing Up for Major Move

One of the few analysts to predict the start of Bitcoin’s 2019 retreat says BTC may be due for another correction.

The pseudonymous analyst Dave the Wave tells his 25,000 followers on Twitter that he believes the leading cryptocurrency remains in a descending triangle that dates back to late 2018.

Following this script, he expects a short-term bounce before another sell-off that could bring BTC to $8,300 sometime between March and May.

Based on the analyst’s chart, that short-term bounce could send Bitcoin close to $9,500 this month before the correction begins.

Dave makes this prediction based on a reversing logarithmic moving average convergence and divergence (LMACD).

This indicator is designed to reveal changes in an asset’s trend, strength and momentum.

Last June, Dave correctly called the start of Bitcoin’s 2019 retracement.

He expected Bitcoin to drop to just above $6,000 before the end of 2019. His prediction turned out to be remarkably accurate, as BTC hit a yearly low of $6,425 in December.

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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:

#btc #Bitcoin #eth #ethereum23 DAYS TILL THE BITCOIN BULL RUN STARTS!Shortterm resistance is now confirmed. This is a big deal as it confirms my suspicions of a dead cat bounce in play 🙀

Expecting to see heavy falling and $btc to be under $8000 this week.

💪🏼🤓👇🏼 pic.twitter.com/utM4qwZgZd— 𝗕𝗜𝗧𝗖𝗢𝗜𝗡 𝗕𝗨𝗟𝗟 𝗥𝗨𝗡 𝗔𝗣𝗥𝗜𝗟 𝟮𝟬𝟮𝟬 (@BITCOIN_BULLRUN) March 8, 2020

This Eerie Fractal Shows the Bitcoin Price Has Further To Fall From $9,000

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Bitcoin Long-Term Cycles Offer Hopium…

When near-term BTC confusion prevails, sometimes it’s best to take a step back to see the bigger picture of where the market is and what possibilities the future holds.

According to Inmortal, a pseudonymous Twitter user, Bitcoin’s four-year cycle is currently about 65% through its bull-market phase and the trader predicts a top at $150,000, which will be followed by a correction to $32,000.

In other trending Crypto News today: Ethereum price can hit $14,000 if the March 2020 chart fractal holds.

Ethereum’s native asset Ether (ETH) faces prospects of closing above $14,000 sometime in 2021 based on its current trend’s striking similarity with the one from last year.

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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-traders-express-mixed-emotions-about-what-s-next-for-btc-price

https://cointelegraph.com/news/ethereum-price-can-hit-14k-if-the-march-2020-chart-fractal-holds

https://cointelegraph.com/news/paypal-set-to-launch-crypto-trading-in-the-uk-and-may-embrace-defi

https://cointelegraph.com/news/microstrategy-pledges-to-buy-more-btc-despite-paper-loss-on-its-holdings-of-424-8m-in-q2