NEXT BITCOIN PRICE ATH TO FALL IN THE K-K RANGE | BTC Dropped 6% in Just 5 Minutes

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RIPPLE XRP IS DOGSH*T SAYS BITMEX CEO ARTHUR HAYES | Bitcoin (BTC) is Brewing the Perfect Storm for a Parabolic Mid-2020 Rally

Today, February 5th should have been an exciting day for Ripple XRP as behemoth derivatives exchange BitMEX adds a new perpetual swap contract for its XRP token.

But while BitMEX is “proud” to announce the new trading pair, CEO Arthur Hayes calls XRP “dogsh*t” on Crypto Twitter.

Ripple fans should be celebrating this listing and looking forward to more meaningful price action.

Except that this day will now be tainted with a whiff of something unpleasant as BitMEX CEO Arthur Hayes vocally disses Ripple’s token on Twitter.

“Is it called Ripple, XRP, or dogsh*t? Who knows, who cares. It’s worth more than zero so it’s time to trade the USD pair on BitMEX. Boo-Yaka-sha!“

This type of outburst on Twitter won’t go down well with Ripple as one of crypto’s most influential people outwardly slates XRP. 

It also shows the BitMEX CEO cares very little about the quality of the projects he lists as long as they make him money.

And it gives yet another reminder of the responsibility that comes with power–and the dangers of loose fingers on Twitter.

Bitcoin (BTC) is Brewing the Perfect Storm for a Parabolic Mid-2020 Rally

2020 has been Bitcoin’s year, with the cryptocurrency posting massive gains throughout January as bulls attempt to lay the groundwork for the BTC price to see parabolic gains throughout the rest of the year.

It is important to note that there is currently a multitude of separate factors that are influencing the Bitcoin price action, and the confluence of these factors does seem to suggest that a new bull-favoring cycle is right around the corner.

As for when this new cycle will begin, it does appear that all these factors are pointing to a notable macro trend shift occurring in early-May, which happens to be when the crypto’s mining rewards halving event is set to occur.

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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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Been about a month, updating again. Incredible bounce off the curve.

Halving estimate updated to May 12th, 2020. This is looking like it will be May 10th or earlier by the time it arrives.$BTC pic.twitter.com/Y9rcOjZXH2

— Jonny Moe (@JonnyMoeTrades) February 3, 2020

Is it called Ripple, XRP, or dogshit? Who knows, who cares. It’s worth more than zero so it’s time to trade the USD pair on BitMEX. Boo-Yaka-sha! https://t.co/pa3T5vd5kl

— Arthur Hayes (@CryptoHayes) February 4, 2020

How a Crypto Cold War Could Arise From Central Bank Competition

Bitcoin is Brewing the Perfect Storm for a Parabolic Mid-2020 Rally

Ripple’s XRP Is Dogsh*t Says BitMEX CEO

💰 BlockFi: (Up To $250 Bitcoin Bonus) https://blockfi.com/cryptonewsalerts

Macro guru and crypto veteran Raoul Pal is pulling back the curtain on how he believes Bitcoin (BTC) and Ethereum (ETH) will stack up against other asset classes this year.

In a new tweetstorm, the former Goldman Sachs executive reiterates his theory that Bitcoin is a “super massive black hole,” which posits that the crypto markets will continue to suck capital out of every other major asset.

“My theory is that no investment will beat crypto this year and it will suck in more and more capital. Like it or not, this is the single most superior trade of the last 12 months and one of the great trades ever. BTC is up +1,386% from the low in March 2020 and ETH is up +2,985% from the low in March 2020.”

In other trending Bitcoin News today: Visa Diving Into Cryptocurrency ‘in a Very, Very Big Way’ – CEO Outlines 5 Crypto Priorities

Visa CEO Al Kelly says that the payments giant is leaning into the cryptocurrency space “in a very, very big way.” He outlines five key areas of crypto opportunities that Visa is focusing on, stating that his company is “extremely well-positioned.”

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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:

Let’s quickly update the Bitcoin Super Massive Black Hole. My theory is that no investment will beat crypto this year and it will suck in more and more capital…

Lets look at the scores of the doors…

— Raoul Pal (@RaoulGMI) May 1, 2021

The Bear Case for Bitcoin Is Ethereum, Says CryptoCobain

Bitcoin Settles Above Key Support, Why BTC Could Revisit $60K

https://news.bitcoin.com/visa-cryptocurrency-very-very-big-way-ceo-crypto-priorities/

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Few have called the Bitcoin price action as well as Dave the Wave has over the past few months; in the middle of last year, the analyst predicted a retracement to $6,400 when the BTC price was rallying above $10,000, and more recently, he called for a retracement from $11,000 to $8,500.

Now, he’s starting to lean bullish once again.

In an analyst published Sunday, the trader suggested that Bitcoin (BTC) is in the midst of “turbulence before take-off,” pointing to a chart that shows the current price action in the crypto market is reminiscent to that of late-2016, just months before Bitcoin began its rally from $800 to $20,000 in a year’s time.

Where Will the Rally Take Bitcoin? Although Dave the Wave did not mention his long-term targets in that tweet, he has suggested previously that the cryptocurrency could be on the verge of a 1,000% rally.

The analyst suggested that the cryptocurrency is still on a clear trajectory to enter a six-digit price point in the coming two to three years.

Dave backed this prediction by pointing out that Bitcoin is on the verge of finishing a fractal correction and is about to break past of a long-term descending trendline, which marked the two swing tops over the past two years.

A move past the trendline, which will soon line up with the long-term buying zone for Bitcoin, is likely to kick off a rally to $100,000, the trader suggested.

This lofty prediction can be backed up by the famous stock-to-flow model from PlanB, a pseudonymous quantitative analyst working for a European institution.

The model equates Bitcoin’s scarcity (inflation rate) to its market capitalization, suggesting the after the May 2020 block reward halving, BTC will have a fair price of around $55,000 to $100,000. 

BITCOIN STILL ON TRACK FOR MASSIVE GAINS AFTER HALVING

Bitcoin has spent the weekend consolidating in the mid-$8k zone following a week of sharp declines through several levels of support.

The stock to flow model is still holding course though which means big gains could be ahead after the halving. Bitcoin has corrected around 20% from its 2020 peak to yesterday’s low of just over $8,400.

It has held in the mid-$8k range for a couple of days low leading analysts to believe that the bottom could be in.

With just 70 days to go to the halving, analyst ‘PlanB’ has revisited his stock to flow model noting that things are right on track with it.

The stock to flow (S2F) model examines the relationship between the production of supply and the current stock available.

Using this model, the analyst has predicted a rise to around $80-$100k in the months following the halving.

Previous events in 2012 and 2016 saw huge rallies in the years that followed and many are expecting that 2021 could be even bigger for Bitcoin than this 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:

Very long term i can see how fancy math can explain price. But fancy math can never explain short term price movement imo. So monthly predicitions really ?

— Liam Janssens (@LiamJanssens) March 1, 2020

$BTC Hash Ribbons ain’t looking so good as halving is approaching.Mining cost right now at~ $7700.Bitcoin should rally to over $15000 in the before Halving if Miners wants to feed their family.

Pump it for the Miners and their family. pic.twitter.com/3ohIlbqfmX

— Anondran (@AnondranCrypto) February 29, 2020

You don’t think Coronavirus will affect this?

— ₿rucewayne (@HouseSt12782619) March 1, 2020

For those getting stuck or confused on the shorter term call, here’s my view going forward. If you’re a holder/ investor, ignore the short term calls and focus on the medium/ long term.

Main point being, a consolidation to the buy zone would set BTC up nicely for its run. pic.twitter.com/AC2gv5VrGI

— dave the wave (@davthewave) February 16, 2020

Bitcoin Still on Track For Massive Gains After Halving

https://cointelegraph.com/news/bitcoin-price-avoids-82k-to-mirror-stock-to-flow-creators-forecast