KRAKEN PREDICTS $96,355 BITCOIN Q4 BULL CYCLE TOP!! APPLE CEO CONFIRMS OWNING BTC AND ETHEREUM!!

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With the Bitcoin price crossing $10,000 for the first time this year, Crypto trader and strategist Joe Saz says we are now firmly in the disbelief phase of a new long-term Bitcoin (BTC) bull market, with market participants struggling to wake up and believe the bear market is actually over.

“I’ve been talking about Bitcoin having been in a disbelief run or phase of the bull market, and I think that’s still happening right now.”

In a new interview with BlockTV, Saz talks about how high he thinks the BTC price can go in this current bull run.

“My intense bullish projection is around $300,000 Bitcoin until this market bubble bursts. So I think we’re going to have another bubble, probably in two to three years from now. I think Bitcoin is going to break six figures by far, and $300,000 is my estimation, probably more like the mid $300Ks. But I think this is the bull run that takes us to those beautiful numbers.”

However, the trader says it won’t be a straight shot to the moon. Saz believes there will be a 30% to 40% pullback before the halving or at the time of the halving.

“It could happen as early as April. We do have tax season so who knows there could be a lot more upward pressure on the price through tax season as we’re entering that proximity and closing that distance to the halvening…

$14,500 is my low target by April. At this point, it’s looking like a low target. But overall, I think we have a couple of pullbacks along the way but I believe this is the bull market that’s going to take us to six figures.”

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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 Starts Vertical Rally To $11.5K and $12K: Uptrend Isn’t Over Yet

Here’s Why Bitcoin Price Could Explode 100% and Hit $20,000 by May

https://www.tradingview.com/chart/XBTUSD/Noakp7n5-Why-I-believe-Bitcoin-will-retest-All-Time-Highs-by-July-1-2020/

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Crypto veteran and Bitcoin bull Anthony Pompliano, also known as Pomp, is predicting a BTC FOMO (fear of missing out) phase that he says Wall Street investors aren’t ready for.

“But if we go back and look at the FOMO phase of 2017 and other bull markets, it supersedes almost everyone’s expectations. What we’re talking about right now is in the heart of a bull market, we had a 50 plus percent drawdown. The volatility on this thing is unlike any other asset. 

And so when you start thinking about all of these Wall Street guys that come in, whether they’re hedge funds, whether they’re corporations, whether they’re some sort of asset manager, I don’t think they’re ready for this. This stuff is going to absolutely rip their faces off.”

In other trending Crypto News today: Facebook Executive Says Social Media Giant ‘Definitely Thinking’ About NFTs!

Facebook Financial head David Marcus says the social media giant sees room to incorporate non-fungible tokens (NFTs) in conjunction with the upcoming launch of its cryptocurrency wallet Novi.

“It’s too early to talk about our plans, but we’re definitely looking at a number of ways to get involved in the space, because we think we’re in a really good position to do so. And when you have a good crypto wallet like Novi will be, you also have to think about how to help consumers support NFTs. 

And so while there’s no immediate plans I can talk about, we’re definitely thinking about this. It’s really an area worth exploring and one where we can have a positive impact for both creators and consumers on the other side.”

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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:

Facebook Executive Says Social Media Giant ‘Definitely Thinking’ About NFTs

https://cointelegraph.com/news/ethereum-supply-shock-exchange-eth-reserves-continue-to-fall-after-a-26-drop-in-2021

https://cointelegraph.com/news/bitcoin-futures-open-interest-at-3-month-highs-but-will-it-be-enough-to-overcome-50k

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Crypto investors and hodlers alike are sitting on the edge of their seats, waiting to see what unfolds with the highly anticipated ‘Bitcoin Halving’ event that is scheduled to take place mid-May. 

Since the Bitcoin (BTC) inception in 2009, the halving (also known as halvening), is an event that takes place roughly every 4 years.

During the halving, block rewards are cut in half, which in turn, limits the supply of bitcoins.

To date, there have only been 2 Bitcoin halvings. From a historical perspective, during previous halvings, each time the Bitcoin price has reached all-time new highs: 

On November 28th, 2012, the first BTC halving occurred, which saw the BTC price increase from $11 to $1,000 around a year later.

During July 2016, the second halving took place and the price of Bitcoin was trading at around $700, and in 2017, the price skyrocketed to $20,000.

The third Bitcoin halving, which is scheduled to take place in May 2020 has seen some lofty predictions on Bitcoin prices.

Billionaire Bitcoin bull Tim Draper believes that the price of one BTC could rise to $250,000; Buffett’s Books founder Preston Pysh thinks that bitcoin could skyrocket to $300,000 after the halving; former Goldman Sachs hedge fund manager Raoul Pal predicts that the price of Bitcoin to hit $1,000,000 within 3 years; and Silk Road founder Ross Ulbricht predicted that it could hit an astronomical price of $333,000,000 per Bitcoin. 

In other trending Bitcoin News today:

Bitcoin Halving Searches Go Parabolic: BTC Price Could Follow For 2 Reasons Firstly, data from Google Trends indicates that there is a muddy yet apparent correlation between interest in the term “buy Bitcoin” and the term “Bitcoin halving,” suggesting the halving is convincing investors to buy BTC.

This assertion can be corroborated by on-chain data from Glassnode, a crypto analytics firm that has indicated two things over the past week:

Long-term Bitcoin investors have been accumulating more and more coins each day as the halving has drawn near.

In fact, they found that the “Bitcoin Hodler Net Position Change” metric just established a fresh yearly high.

There are more than 17,000 “new entities” joining the Bitcoin network each day, which was a level of retail involvement last seen at the start of 2019’s bull run.

This would suggest that should as the halving continues to increase in popularity, so too should the public’s propensity to buy Bitcoin.

Secondly, analyst “PlanB” found that Bitcoin’s price will get a strong boost in the wake of the halving.

The model, accurate to 95% R squared (accurate in statistics lingo), suggests Bitcoin will have a fair value of $50,000 to $100,000 after the halving.

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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 Halving Searches Go Parabolic: BTC Price Could Follow For 2 Reasons

https://www.bloomberg.com/news/articles/2020-04-25/get-set-for-bitcoin-halving-here-s-what-that-means-quicktake

https://www.forbes.com/sites/lukefitzpatrick/2020/04/27/bitcoin-halving-a-new-class-of-bitcoin-millionaires-may-emerge/#513b674161fc