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The Bitcoin price dropped below $34,000 as traders look to the next key levels of support. In the near term, the major macro level for BTC and Ethereum remain at $30,000 and $2,000, respectively. According to traders like TraderKoz, if Bitcoin can remain above $37,000 throughout the weekend and recover to around $37,500, the chances of overtaking $42,000 become high.
In other trending Bitcoin News today: Will Bitcoin Still Hit $100,000? Crypto Analyst PlanB Analyzes the State of BTC Market. In a new interview with trader Scott Melker on The Wolf of All Streets, PlanB emphasizes he believes that his stock-to-flow models, which predict that Bitcoin will eventually hit $100,000 or $288,000, are still intact.
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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-price-slips-below-34k-what-are-the-key-levels-to-watch
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COINBASE CEO UNVEILS MASSIVE BITCOIN PREDICTION, SAYS âBILLIONAIRE BTC FLIPPENINGâ IS COMING!!!!
đ° BlockFi: (Up To $250 Bitcoin Bonus) https://blockfi.com/cryptonewsalerts
Coinbase CEO Brian Armstrong is detailing a new list of predictions for Bitcoin and the cryptocurrency industry at large.
Armstrong says he believes a billionaire Bitcoin âflippeningâ is coming that will boost science, tech, and charitable causes in the years ahead.
âOlaf Carlson-Wee and Balaji Srinivasan estimate that at a price of $200,000 per Bitcoin, more than half the worldâs billionaires will be from cryptocurrency. Whether you think this is a good thing or a bad thing, it means there will be more pro-technology people with access to large amounts of capital in the 2020s.
Presumably, this will increase the amount of investment made in science and technology, and I think weâll see more crypto folks turn to philanthropy.â
In other trending Bitcoin News today: Cuba is now officially using Cryptocurrency payment options as regulations go live!
Resolution 215 of 2021 issued by the Banco Central de Cuba (BCC) â the countryâs central bank â recognizing cryptocurrencies like Bitcoin (BTC) is now in effect.
According to Cubaâs official state news agency Prensa Latina, the order became official on Wednesday.
With crypto legally recognized by the BCC, Bitcoin and other cryptocurrencies can now be used for commercial transactions and investments in Cuba.
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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/cuba-s-cryptocurrency-regulations-take-effect
https://cointelegraph.com/news/paypal-completes-crypto-trading-rollout-for-uk-customers
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BITCOIN PRICE CAN STILL HIT $450K IN 2021, $135K IS âWORST-CASE SCENARIOâ SAYS PLANB!!
đ° BlockFi: (Up To $250 Bitcoin Bonus) https://blockfi.com/cryptonewsalerts
Bitcoin (BTC) could trade at an eye-watering $450,000 by the end of 2021, while $135,000 would be the âworst case scenario.â Thatâs according to analyst PlanB, who on June 20 released his latest sentiment-busting bullish BTC price prognosis.
âBitcoin is below $34K, triggered by Elon Muskâs energy FUD and Chinaâs mining crack down. There is also a more fundamental reason that we see weakness in June, and possibly July. My worst case scenario for 2021 (price/on-chain based): Aug 47K, Sep 43K, Oct 63K, Nov 98K, Dec 135K.
Wait until you seen my base case and best case scenarios! OK, a hint: best case Dec $450Kâ
In other trending Bitcoin News today: Rich Dad Poor Dadâs Robert Kiyosaki Warns of âBiggest Crash in World Historyâ â Expects $24K Bitcoin Price. Famous author and investor Robert Kiyosaki has predicted that the biggest crash in the history of the world is on the way.
âBiggest bubble in world history getting bigger. Biggest crash in world history coming. Buying more gold and silver. Waiting for bitcoin to drop to $24K. Crashes best time to get rich.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:
Bitcoin is below $34K, triggered by Elon Musk’s energy FUD and China’s mining crack down.
There is also a more fundamental reason that we see weakness in June, and possibly July. My worst case scenario for 2021 (price/on-chain based): Aug>47K, Sep>43K, Oct>63K, Nov>98K, Dec>135K pic.twitter.com/hDONOVgxH1
â PlanB (@100trillionUSD) June 20, 2021
https://cointelegraph.com/news/bitcoin-price-can-hit-450k-in-2021-135k-is-worst-case-scenario-planb
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BITCOIN BREAKING OUT!! | Massive BTC Symmetrical Triangle Points to K | Ethereum (ETH) 2.0 Update
âĄïž Tap into OPM (Other Peopleâs Money): http://opm.cryptonewsalerts.net
The Bitcoin price rose to as high as $10,272 on July 26 in an unexpected weekend rally.
It liquidated $74 million worth of long contracts on BitMEX alone, catching many traders off guard.
There appear to be two main reasons behind the abrupt upsurge of Bitcoin from $9,700 to over $10,200.
They are the liquidation of over-leveraged shorts and traders taking profit from over-extended alternative cryptocurrencies (altcoins).
When the price started to rally, major altcoins, as well as well-performing DeFi tokens, began to slump.
Ethereum declined from $322 to $311, and DeFi tokens, including Aave and YFI, saw steep rejections.Â
The simultaneous rejections of major altcoins and the price surge of Bitcoin suggest that traders took profit from recent altcoin rallies.
As traders moved their altcoin gains to Bitcoin, it possibly triggered a BTC uptrend, while altcoins declined.
ETH, as an example, rose from $247 on July 23 to $322 on the dayâs peak, recording a 30% gain.
Despite the strong sentiment around altcoins, investors are possibly taking a more cautious approach by hedging their gains.
When Bitcoin initially broke over $10,000, it triggered over-leveraged short contracts to become liquidated.
When BTC reached $10,200, it caused a cascade of liquidations to occur, totaling $74 million.
Bitcoin has seen many phases when more than $50 million worth of short or long contracts gets liquidated.
But for this to occur within a span of a few hours is less typical.
The mass liquidations of long contracts at $10,000 also suggest that the $10,000 to $10,200 remains as a heavy resistance area.
As soon as BTC hit $10,200, the price dropped below $10,000, marking a short-lived rally.
As the price of Bitcoin recovered strongly in recent weeks, some industry executives and investors expressed optimism toward BTC and ETH.
âAre you ready?â Grayscale CEO Barry Silbert tweeted when Ether price broke out of the dreaded $280 resistance level on July 25.
Well-known trader Peter Brandt, meanwhile, expects the price of Bitcoin to hit a new record high and eventually make its way to $50,000. He said:
âThat is actually where my head is. Massive symmetrical triangle in $BTC points to ATHs, then $50k.â
In other trending Bitcoin news today:
Everything You Need to Know About Ethereum 2.0
The yearslong upgrade â intended to radically transform the worldâs largest smart-contract platform â is inching closer to deployment.
The Ethereum Foundation recently announced âMedalla,â a final testnet before the mainnet launch of the Eth 2.0 beacon chain.
As of July 10, some developers, including Ethereum founder Vitalik Buterin, estimate the oft-delayed Eth 2.0 will launch by the end of this year.Â
When phase zero of Eth 2.0 does ship, little about Ethereum will change in the near term for users and dapp developers.
This is because unlike all other system-wide upgrades in Ethereum history, the Eth 2.0 overhaul will primarily be happening on a different blockchain.
The first phase of development for Eth 2.0 is centered around the creation of a separate proof-of-stake blockchain network called the beacon chain.
On this new network, ETH holders with a minimum of 32 ETH can earn rewards in the form of annualized interest on their wealth.
To earn these rewards, ETH holders must have the appropriate hardware and software connecting to the beacon chain and a strong understanding of how the technology works.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:
#DeFi platforms are red-hot with nearly $1b in collateral pledged. Oracles empower not only DeFi, but just about everything that 2nd & 3rd-generation cryptos do. So, it’s hardly an exaggeration to say that #Chainlink will lie at the heart of the #crypto revolution going forward.
â Weiss Crypto Ratings (@WeissCrypto) July 24, 2020
That is actually where my head is. Massive symmetrical triangle in $BTC points to ATHs, then $50k
â Peter Brandt (@PeterLBrandt) July 25, 2020
https://www.coindesk.com/everything-you-need-to-know-about-ethereum-2-0
https://cointelegraph.com/news/why-bitcoin-suddenly-spiked-to-10-200-liquidating-75m-in-fast-rally
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