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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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BITCOIN PRICE MAY JUST HIT ,000 IN 20 DAYS | 4 Signs Show BTC Bull Rally is Growing More Likely
âĄïžÂ TEEKA TIWARI â The Investment of the Decade: http://2020.cryptonewsalerts.net
âBitcoin (BTC) may hit $20,000 any timeâ
Many have been expecting the Bitcoin price to go through the roof at any moment due to the recent global economic crisis caused by the COVID-19 outbreak in Chinaâs Wuhan.
Lockdowns emerged in the majority of countries in Europe, China and the US, prompting governments to take steps to stimulate the economy via quantitative easing to support businesses and ordinary citizens.
All of that led to an oil price collapse below zero on Monday.
In these conditions, bullish expectations towards the approaching Bitcoin halving have increased.
Trader Carl Eric Martin, also known as the Moon Carl, has tweeted his rising bullish take on the prospects of the Bitcoin price in the current economic chaos that has been spreading around the world.
The situation is unpredictable for any assets now. As an example, he refers to the crude oil futures price suddenly dropping below zero.
The trader believes that with the approaching halving, Bitcoin could easily surge to $20,000 in one week.
Trader and analyst Christopher Jaszczynski seconds his forecast, emphasizing that $20,000 is a realistic price for Bitcoin to reach in the current fundamental setup.
âIf i asked you 1 week ago what is most likely: Oil going into negative price in 1 week? Or Bitcoin going to $20,000 in 1 week? Everything is possible in times like these. Be prepared for anything after the Bitcoin halving in 20 days!â
Earlier, the same trader took to Twitter to share a textbook Bump and Run Reversal Bottom pattern for Bitcoin, which would allow it to hit $10,500 soon.
Gabor Gurbacs, the digital currency strategist at VanEck, has shared his growing bullish attitude towards BTC.
He says that despite the fact that a few weeks ago financial markets did not take Bitcoin seriously, under the current impact of the pandemic, fragile economy and oil price, Bitcoin seems to be making âmore sense than most markets.â
âA few weeks ago financial markets kept dismissing Bitcoin as nonsense. In a short few weeks, after trillions in QE, 22 million newly unemployed, massive bailouts, UBI checks, negative treasury rates and negative oil prices, Bitcoin seems to make more sense than most markets.â
Touching on the subject of millions of people losing their jobs in the US alone, Gurbacs states that Bitcoin is capable of helping people solve this problem as well. In other trending Bitcoin news today:
THESE 4 FUNDAMENTAL SIGNS SHOW A BITCOIN BULL RALLY IS GROWING MORE LIKELY
As observed by crypto exchange ShakePay, despite âthe most significant economic collapse of the 21st century,â Bitcoin hasnât been fazed.
Per Coin Metrics, the number of active addresses on the network is reaching a multi-month high, recently surmounting the sum of 840,000 addresses.
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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:
If i asked you 1 week ago what is most likely:Oil going into negative price in 1 week?Or Bitcoin going to $20,000 in 1 week?
Everything is possible in times like these. Be prepared for anything after the #Bitcoin halving in 20 days!
â The Moon (@TheMoonCarl) April 22, 2020
OIL KEEPS FALLING!!JUNE CONTRACTS DOWN 47% and trending straight to sub $0 levels againNegative rates, negative oil, negative yield â the economy has gone mad!! Everything is inverted
Luckily we have Plan B â #Bitcoin đ
â Ivan on Tech (@IvanOnTech) April 21, 2020
A few weeks ago financial markets kept dismissing #Bitcoin as nonsense. In a short few weeks, after trillions in QE, 22 million newly unemployed, massive bailouts, UBI checks, negative treasury rates and negative oil prices, #Bitcoin seems to make more sense than most markets.
â Gabor Gurbacs (@gaborgurbacs) April 21, 2020
Active Bitcoin addresses are looking like a đđđ this week.
Not only is the Bitcoin network growing, it’s growing amidst the most significant economic collapse of the 21st century. pic.twitter.com/PkEVVSdyqw
â Shakepay â Buy/Sell Bitcoin đšđŠ (@shakepay) April 21, 2020
These 4 Fundamental Signs Show a Bitcoin Bull Rally is Growing More Likely
https://u.today/bitcoin-btc-may-just-hit-20000-in-20-days-be-prepared-for-anything
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BITCOIN TECHNICAL ANALYSIS LIVE WITH TOP ANALYST PHILIP SWIFT SUGGEST $1 MILLION BTC PRICE CERTAIN!!
đ° BlockFi: (Up To $250 Bitcoin Bonus) https://blockfi.com/cryptonewsalerts
In this live Bitcoin Technical Analysis session with special guest, top analyst Philip Swift, he reveals we are still in a bull market and still have long way to go with a lot of BTC price appreciation before the HODL Waves comes down to 45% which will take us well beyond $100K per Bitcoin this cycle.
Philip says it may take us a few months, or maybe until next year until we cruise past $100K, reaching as high as $300K this cycle and explains why reaching $1 million per BTC by the time of the next cycle is inevitable.
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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:
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Bizarre Bitcoin Price Action Alert Amid âBlack Swan Eventâ | BTC Futures and Options Volume Surging
âĄïžÂ 5 *MORE* COINS TO $5 MILLION: http://5coins.cryptonewsalerts.net
As the Bitcoin price plummets below $8,000, Adaptive Capital digital asset strategist Willy Woo is recanting his earlier BTC bull run forecast.
Last month, the crypto analyst and influencer tweeted a chart that he said revealed how strong on-chain fundamentals backed Bitcoinâs breakout above $10,000.
The BTC price has since crashed after hitting its recent highs. Although Woo says he believes the Bitcoin (BTC) long-term prospects are solid, the indicator now suggests a more worrisome situation in the near term.
âThis is a chart of on-chain âinvestor activityâ right now. Long term looks solid. Short term is very weird, normally itâs smooth oscillations, not anymore, itâs like something hit it (COVID19?), itâs fizzing out. Waiting for this to reverse before we put in a bottom. Maybe soon.â
Woo says Bitcoinâs fallout is due to a black swan event â a name for an extremely rare and unforeseen circumstance that causes catastrophic damage to the economy.
Because they are unpredictable, black swan events are not accounted for in financial forecasts.
âI was totally wrong on this call⊠âno chance this is a topâ just below 10k. The market right now, crypto and traditional, is undergoing a black swan.â
The black swan metaphor is now extensively used to describe the coronavirus, which has infected over 118,000 worldwide since it was first reported in December of 2019.
Fallout from the virus has triggered a global market downturn that has not spared Bitcoin and the crypto market at large.
Bitcoin Futures and Options Volume May Suggest BTC is About to Make a Massive MovementÂ
In the near-term, two factors that could suggest an intense movement is coming is the fact that Bitcoinâs CME Futures volume and options volume is spiking.
Over the past 24-hours, Bitcoinâs CME Futures trading volume skyrocketed to over $400m, a level not seen since late-February when the cryptocurrencyâs bullish market structure first started degrading.
Although CME Futures volume could spike in the time preceding a movement in either direction, the ongoing downtrend may suggest traders are anticipating further downside.
This notion is further bolstered by the fact that BTC options trading volume just set a fresh all-time at roughly $200m, showing that an explosive movement is imminent in the days and weeks ahead.
âAll time high for bitcoin options volumes yesterday with nearly $200mln trading,â analytics platform Skew noted in a recent tweet.
The days and weeks ahead should elucidate the validity of the perception that a big movement is brewing.
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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:
I was totally wrong on this call⊠“no chance this is a top” just below 10k.
The market right now, crypto and traditional, is undergoing a black swan.https://t.co/bq18x4VAQM
â Willy Woo (@woonomic) March 10, 2020
Bitcoin Futures and Options Volume is Surging; Expect an Explosive Movement
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