Episode 477💰 BlockFi: (Up To $250 Bitcoin Bonus) Beginning on Tuesday and set to be widely available within the new few weeks Paypal-Owned Venmo’s 77 million+ new customers will be able to buy, hold, and sell Bitcoin and cryptocurrency within the Venmo…
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BITCOIN WILL RISE TO $4 MILLION PER BTC IN NEXT 18-24 MONTHS, SAYS GLOBAL EQUITIES RESEARCH!!!!!
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Global Equities Research’s Trip Chowdhry in a note to clients said he thinks the Bitcoin price will rise from $54,000 to $4 million per BTC.
“We are of the opinion that Bitcoin will get to $4 million per Bitcoin, in the next 18-24 months,” wrote the analyst.
Chowdhry also shares 5 reasons why he is confident that the BTC price will reach $4 million.
In other trending Bitcoin News today: Bitcoin ‘supercycle’ sets up Q4 BTC price top as illiquid supply hits all-time high!
Bitcoin is gearing up for a comeback which should lead it to repeat classic bull run years 2013 and 2017, analysts are arguing.
As $42,400 local highs appeared on July 31, narratives around the market are flipping back to a bullish Bitcoin “supercycle.”
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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://www.forbes.com/sites/chuckjones/2021/07/31/one-analyst-has-bitcoin-reaching-4-million/?sh=3b81e5196611
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BITCOIN PRICE FACING ITS FINAL RESISTANCE ZONE BEFORE K BTC!! CHAINLINK 52% MASSIVE RALLY!!
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The Bitcoin price is facing its final resistance zone until the bull market is on fire.
However, will BTC break through this resistance zone in one attempt?
The charts suggest that the $11,600-12,000 area is a crucial level to break if the BTC price is to continue moving higher.
As the price of Bitcoin couldn’t break through that resistance zone, a slight drop occurred on Friday from $11,900 to $11,350, after which BTC has managed to pare most of the losses since.
BTC/USD is still fighting at the resistance zone at $11,800-12,000.
Unfortunately, no breakout just yet, while silver and gold have been showing more strength recently.
The chart shows that there’s a clear resistance zone at $11,800-12,000.
This is a significant level as it is the final untested level until Bitcoin enters open air.
If there’s a breakthrough in this resistance zone, Bitcoin’s price can easily run toward $15,000-16,000.
Such a run would only increase the FOMO, or fear of missing out, in the markets.
The bullish scenario for Bitcoin Breaking $12,000 underpins the bullish scenario.
If the resistance area finally breaks as resistance, $15,000 then becomes a likely target for the bulls.
However, a clear breakout through the $12,000 area can only be confirmed with a support/resistance flip.
This would suggest that buyers are stepping in as the previous resistance transforms into new support.
The bearish scenario for Bitcoin The bearish scenario means that $12,000 was not broken.
If the resistance continues to be resistance, a renewed range-bound structure will likely occur in the coming weeks.
Another argument can be found in the forex markets.
The recent breakout of Bitcoin occurred while EUR/USD broke upwards from 1.14 to 1.19.
This breakout led to a drop of the USD against other currencies, which essentially triggered the massive breakouts in Bitcoin, gold, and silver prices.
If EUR/USD starts to correct from 1.19 to lower numbers, the USD is getting stronger.
Such a relief bounce will most likely trigger a further corrective move on the crypto and commodity markets, leading toward the scenario described above.
A range-bound period wouldn’t be bad for the markets, however, as altcoins have been doing relatively well in these times.
If Bitcoin’s price starts to correct, the focus could once again shift to altcoins.
In other trending Bitcoin News today:
Massive Short Squeeze Prompts Chainlink (LINK) Price to Rally 52%
Chainlink (LINK) price continues to set new records as the DeFi-related token surged 52% to reach a new all-time high at $13.8799 today.
Over the last 24-hours, LINK has surged by 52%, rallying from $9.05 to as high as $13.8799 on Binance exchange.
As Chainlink demonstrated a strengthening uptrend, its competitor Band Protocol (BAND), which also operates as a network for oracles, spiked 50% to reach a new all-time high at $14.30.
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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:
Bull divergence, BTC Dominance, expecting BTC to gain over alts in coming weeks. Waiting for the top indicator to reverse (detects volume movements). ETH currently more bullish than other alts. In that regard, I believe we’re in an era of dual pumpage. pic.twitter.com/hUuIoinfm5
— Willy Woo (@woonomic) August 9, 2020
https://bitcoinexchangeguide.com/bitcoin-wrap-up-4-big-things-that-happened-this-week/
https://cointelegraph.com/news/the-price-of-bitcoin-is-facing-its-final-resistance-zone-before-15k
https://cointelegraph.com/news/massive-short-squeeze-prompts-chainlink-link-price-to-rally-52
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BITCOIN REMAINS BULLISH DESPITE RECENT PULLBACK SAYS TOP ANALYST!! 4 CRYPTO ASSETS TO WATCH OUT FOR!
💰 BlockFi: (Up To $250 Bitcoin Bonus) https://blockfi.com/cryptonewsalerts
Popular analyst and trader Michaël van de Poppe is providing his take on the latest market correction while naming a set of altcoins that have caught his attention.
“It’s great to see the strength on altcoins. Yes, we’ve got some news regarding Bitcoin and Elon Musk (Tesla CEO), but essentially, not much has changed. Markets are still bullish.”
In other trending Bitcoin News today: Mark Cuban Responds to Elon Musk, Says Bitcoin and Crypto Will Benefit Society and the Environment!
Dallas Mavericks owner Mark Cuban says his NBA franchise will continue to accept Bitcoin as payment despite Elon Musk’s recent announcement that Tesla will not. Cuban tells his 8.4 million Twitter followers that, as a store of value, BTC is in fact a better environmental alternative to gold.
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Trezor: ► http://trezor.cryptonewsalerts.net
Ledger: ► http://ledger.cryptonewsalerts.net
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/altcoins-pop-while-bitcoin-looks-for-support-near-50-000
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