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Bitcoin disciple Max Keiser said his BTC price target for this year remains $220,000 despite all the recent FUD which has crept into the crypto market over the past few weeks.
As host of The Keiser Report and Orange Pill Podcast, Max points to the 2008 financial crisis as the start of a spiral that brought forth and continues to fuel Bitcoinâs ascent.
Keiser, who is an early Bitcoin investor, says the digital assetâs parabolic ascent could ultimately take BTC to about the $2 million mark.
âTheyâre just going to keep printing. And well, you know, my Bitcoin is up 9,000,000% since I first bought it. And itâs probably going to go up another 40x.â
In other trending Bitcoin News today: Bitcoinâs off-chain data points to more upward momentum for BTC price.
After months of unrelenting turbulence, the crypto industry has been on somewhat of a tear over the last couple of weeks, with the total market capitalization of the space recently topping the $2 trillion mark for the first time since May.Â
In fact, over the last 21 days alone, a whopping $700 billion entered the digital asset sector, leading many to believe that more may be in the cards in the near term.
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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-s-off-chain-data-points-to-more-upward-momentum-for-btc-price
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BITCOIN COULD SURGE TO M WITHIN FIVE YEARS, SAYS CRYPTO HEDGE FUND MANAGER! TRUMP OR BIDEN VS BTC?
âĄïž Leverage OPM (Other Peopleâs Money): http://opm.cryptonewsalerts.net
Morgan Creek Digital Assets co-founder and partner Jason Williams says Bitcoin could meteorically rise nearly 17,900% in five years as BTC solidifies its position as a safe haven asset.
In a Norwegian Block Exchange interview, Williams offers his bull scenario for the worldâs leading cryptocurrency.
âBitcoin could hit $1 â $3 million dollars in the next five years. People have no idea what it will look like when large banks and countries start holding Bitcoin in their treasury.â
The crypto hedge fund manager highlights Bitcoinâs scarcity as a key characteristic that will attract more institutional players and continue to drive the value of the king cryptocurrency.
In the last few months, institutional players in the form of publicly traded companies have announced their entry into BTC with multi-million-dollar investments.
In September, business intelligence company MicroStrategy upped their BTC investments to $425 million. Last month, payments giant Square revealed that it made a $50 million BTC acquisition.
With more institutions flocking into the number one cryptocurrency, Bitcoin Treasuries reveals that publicly traded companies have increased their BTC holdings from over $6.9 billion in mid-October to $10.7 billion this month.
In April, when Bitcoin was trading around $6,000, Jason Williams predicted that BTC would surpass its all-time high of $20,000 this year.
In other trending Bitcoin News today:
Trump Or Biden? Max Keiser Explains Why Bitcoin Will Be The Ultimate Winner After the US Elections
Famous TV host Max Keiser explains how Bitcoin will emerge as the ultimate winner, despite who wins the 2020 US Presidential elections.
Max says, âWith Trump, who at least understands something about capitalism, the ascent of Bitcoin would be slower as I believe he would calm markets by having the US enter the global hash war that Iran now leads in a Sputnik-like call to enter the Hash Race moment.â
Keiser added that the US needs to strive for a âbig slice of Bitcoinâs global hash rate before our competitors do. I know of several countries that will soon announce major sovereign underwritings of BTC hash rate to try and oust Iranâs position.â
Keiserâs views see BTC sharply explode in value in case Biden emerges the winner come Sunday.
âAs Iâve said, a Biden win would accelerate Bitcoinâs advance as panic-buying from those looking to escape the socialists, money printers, and MMTâers goes into hyperdrive.â
âIt will be like the 1938âs Kristallnacht (also known as the Night of Broken Glass or the November Pogrom), jack-booted armed thugs will go door-to-door stealing property in the name of social justice.â
Bitcoin is bigger than the elections, asserted Keiser.
Itâs an asset that has no real âcorrelation with anything â stocks, bonds, currencies, gold, commodities, or property â and certainly no political parties or political outcomes, here in the US or anywhere in the world.â
Bitcoin is correlated only to Bitcoin. Despite the outcome of the upcoming elections, Bitcoin will still be backed âby an insatiable hunger.â Itâs a cosmic scale hunger because âBitcoin is the Big Bang of money.â
âTo be clear, I donât mean BTC is backed by energy. What Iâm saying is, itâs backed by code thatâs unstoppably programmed to consume all available energy on Earth and beyond, to create absolute monetary scarcity to elevate humanity to a more pure spiritual state of existence. Transcendence on this scale takes synchronization and massive amounts of energy.â
Keiser also said that no matter whoâs the US president, Bitcoin is on its way to take out gold as the ultimate monetary store of value and doubled-down on his 40x-80x price prediction.
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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.
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BITCOIN SURGED 4,000% AFTER IT TOOK THIS LEVEL IN 2016. IT JUST HAPPENED AGAIN!! | BTC Halving 2020
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BITCOIN RETAKES CRUCIAL KEY LEVEL THAT CATALYZED
4,000% RALLY According to a crypto trader, Bitcoinâs strong rebound in April saw the BTC price close its monthly candle above a key level of the Ichimoku Cloud on the one-month chart.
This is relevant for BTC because the last time Bitcoin claimed this technical level was in early 2016, when the Bitcoin price was trading around $500 and prior to the 4,000% rally that brought the cryptocurrency to $20,000 just 20 months later.
This historical precedent suggests that the crypto market is on the verge of its next parabolic rally.
This is the latest of many historically-relevant signs that Bitcoin is soon going to erupt into a full-blown bull run.
Bitcoinâs trend earlier this week was so strong that amid the peak of Wednesdayâs rally a trader observed an unexpected technical occurrence:
The relative strength index (RSI) reading of Bitcoinâs one-hour chart hit 96.5 â just a few points shy of the top of the oscillator, 100.
Traditional forms of technical analysis state that whenever the RSI passes the level of 70, it is overbought over the time frame that is being analyzed.
The fact that Bitcoinâs one-hour RSI briefly hit 96.5 means that it was extremely overbought, almost to the point of lunacy.
According to a crypto trader, the last time this metric was this high for BTC was in April 2019, on the day that the cryptocurrency rocketed 25% higher within the span of a few hours.
What followed this move was an extended rally from the $4,000s to $14,000 within three months.
Similarly, a trader shared the chart in the wake of Bitcoinâs recent strength, noting that the rising wedge that had constrained Bitcoinâs price for the past six weeks has been decimated, with clear invalidation to the upside.
Whatâs especially notable about this formation of BTC breaking above a rising wedge after a bear market, this is the exact same market structure that marked the start of 2019âs bull run, which brought prices from the $4,000s to $14,000 in three monthsâ time.
In other trending Bitcoin News today:
Bitcoin Supercycle Theory Ignites Crypto Twitter As BTC Halving Approaches
A prediction that Bitcoin (BTC) is about to begin a fourth parabolic phase that will bring the leading cryptocurrency to more than a quarter-million dollars is lighting up the cryptoverse.
A post revealing the new forecast from price analyst PlanB shot across crypto Twitter this week, with more than 4,200 likes.
But the forecast itself has reignited the great debate on the relationship between Bitcoinâs halving â which will slash the rate of new BTC entering the market in a matter of days â and the price of BTC.
According to PlanB, who recently told Morgan Creek Digital co-founder Anthony Pompliano that heâs a member of an institutional investment team that manages roughly $100 billion in assets, his latest stock-to-flow model shows BTC rising to $288,000 by the end of 2024.
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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:
Daily Ichimoku will very likely confirm fully bullish on todays close, as well as 2D Kumo Breakout with a bullish Kumo Twist
I cannot not be bullish on Q2. I want to buy dips. pic.twitter.com/1OUDSintY9
â Smokey (@TraderSmokey) May 1, 2020
Bitcoin Supercycle Theory Ignites Crypto Twitter As BTC Halving Approaches
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,000 BITCOIN EXTENDED TARGET TRIGGERED!! YEAR-END GOLD AND BTC PRICE PREDICTIONS!!
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Crypto analyst spotted this strong Bitcoin bullish harmonic structure in an advanced form.
The pattern is pointing towards a $32,000 BTC price as the next bull run target.
Yesterday, Bitcoin price reclaimed its critical $12,000 resistance before suddenly dropping by $500 in seconds to fill futures gap.
A bounce off $11,500 saves investors from serious pain but $12,000 remains a problematic level to flip to support.
Data from Cointelegraph Markets and Coin360 showed BTC/USD nosedive 4% during Monday trading, bouncing off $11,500 and since returning to $11,700.
In doing so, Bitcoin neatly filled the latest gap in CME Groupâs Bitcoin futures markets, which lay just below $11,700.Â
A classic move, Cointelegraph predicted on the day that markets would likely attempt to go lower on short timeframes to fill the gap, in line with standard behavior.
The event caused a dramatic spike in liquidations on derivatives giant BitMEX, data from monitoring resource Skew confirms.
For Cointelegraph Markets analyst MichaĂ«l van de Poppe, the sudden dip suggested that Bitcoin was returning to the pattern of behavior seen in recent months.Â
âSmaller timeframe chart explaining what just happened. Essentially, weâre back into the ranging gameplan,â he told Twitter followers.Â
âRangingâ within a certain price corridor has become a feature of BTC/USD in 2020, with recent gains upending a protracted period, which slowly narrowed to point â a process known as compression.
Going forward, lower levels could see a retest, with significant support just above $10,000 still apt to form the price floor, Van de Poppe thinks.
âLarger timeframe; still expecting such a scenario,â he continued.Â
âIf we break $12K however, I assume weâll see $13k.â
Attention will thus now focus on bullsâ ability to cement $12,000 as a support zone, something which has yet to occur on any meaningful level for Bitcoin.Â
Nonetheless, the latest weekly close marked the highest since January 2018 and the initial fall from Bitcoinâs all-time highs of $20,000.
In other trending Bitcoin News today:
âCapital Flight out of Asia Is Taking Bitcoin Expressâ Says Max Keiser
Capital flight out of Asia is one of major reasons for Bitcoin (BTC) hitting new 2020 highs in August, a major Bitcoin advocate believes.
Max Keiser, a famous American broadcaster and known Bitcoin bull, is confident that rising tensions in Asia are one of factors for Bitcoinâs rally up to $12,000.
In an Aug. 10Â tweet, Keiser argued that Bitcoin is a solid method to move big amounts of money abroad while crossing borders.
According to Keiser, a number of people in Asia are using Bitcoin to move their money out of the continent as geopolitical tensions risk affecting markets.
âCapital flight out of Asia taking the Bitcoin express,â Keiser wrote. Comparing Bitcoin to gold â one of the worldâs most popular safe-haven assets, Keiser argued that Bitcoin is one of the few ways to move a fortune abroad. Keiser said, âYou canât take it with you, unless itâs Bitcoin â then you can take IT ALL with you. (Something near impossible with gold).â
The news comes amid reports of Chinese citizens illegally crossing into the United States with $28,000 worth of gold bars.
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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 up as tensions rise in Asia
Capital flight out of Asia taking the #Bitcoin express
You canât take it with you, unless itâs Bitcoin â then you can take IT ALL with you
(Something near impossible with Gold)
â Max Keiser (@maxkeiser) August 10, 2020
$BTC #BITCOINSmaller timeframe chart explaining what just happened. Essentially, we’re back in to the ranging gameplan.
Larger timeframe; still expecting such a scenario. If we break $12K however, I assume we’ll see $13k. pic.twitter.com/vjnJzJfVzC
â Crypto MichaĂ«l (@CryptoMichNL) August 10, 2020
https://www.tradingview.com/chart/XBTUSD/CtL1HlXn-Bitcoin-to-32k/
https://news.bitcoin.com/year-end-gold-and-bitcoin-price-predictions-from-regular-everyday-people/
https://cointelegraph.com/news/bitcoin-price-suddenly-drops-by-500-in-seconds-to-fill-futures-gap
https://cointelegraph.com/news/capital-flight-out-of-asia-is-taking-bitcoin-express-says-max-keiser
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