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Bitcoin marking a new all-time high of $67,000 last week has opened the possibility of a $135,000 – $450,000 BTC price by the end of this year, according to Plan B, creator of the popular Bitcoin Stock-to-Flow (S2F) model.
Plan B recently called Bitcoin’s price retracement from the $60,000-level the “2nd leg” of what appeared like a long-term bull market.
Despite the high Bitcoin price projections, BTC can still see big corrections in the future. Plan B thinks the next crash could wipe at least 80% off Bitcoin’s market capitalization, based on the same S2F model.
In other trending Bitcoin News today: The FDIC Chairman just stated that regulators are looking at how US banks could hold bitcoin.
Jelena McWilliams, the chairperson of the Federal Deposit Insurance Corporation, or FDIC, has said the agency is working with other regulators in the United States to explore “under what circumstances banks can engage in activities involving crypto assets.”
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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-bull-market-2nd-leg-has-started-says-btc-price-model-creator
https://cointelegraph.com/news/bitcoin-drops-1k-in-five-minutes-in-fresh-dip-below-60k
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BITCOIN PRICE WILL HIT 0,000 BEFORE 2022! | BTC Indicator Suggests 190% Rally Incoming
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The Bitcoin price will hit $100K+ per BTC before 2022 according to popular Crypto analysts PlanB, Tom Lee, Anthony Pompliano and Bitmex CEO Arthur Hayes.
This is around the date of the Bitcoin (BTC) block reward halving, which would kick off the “bull run” sending the cryptocurrency to $100,000 before December 2021.
PlanB released the predictions describing them as his “2 sats on BTC price.” In a previous update in January 2019, he claimed BTC/USD would stay above its 200-week moving average (200WMA), which historically had always grown.
Stock-to-flow uses two indicators to chart Bitcoin’s price trajectory: the number of Bitcoins already available versus the number of new Bitcoins added to circulation.
Historically highly accurate, the model puts Bitcoin on par with gold in terms of its status as hard money with a supply that is virtually impossible to manipulate, unlike fiat currency.
In the long term, PlanB expects BTC/USD to trade at an average of $100,000 between 2021 and 2024.
After that, however, fiat weakness may reach such an extent that BTC (Bitcoin) appreciates to “a factor” of $100,000, at which point stock-to-flow would ironically become less useful.
Bitcoin is starting 2020 with a bang. With double-digit gains in January, the top cryptocurrency briefly breached psychological resistance at $10,000 over the weekend.
Even with the current pullback to $9,757, BTC is still up by over 36% year-to-date, with more upside potential this year, according to Fundstrat co-founder Tom Lee.
In a recent appearance on CNBC’s Power Lunch, Lee argues that Bitcoin is now at the start of a new bull run. “A lot of good things have happened with Bitcoin this year. One is the halvening is happening in May. But we broke above the 200-day [moving average] – so back in a bull market.
There is the corona[virus] risk and geo-political tension… Last year, I think Washington killed the Bitcoin rally.
But with the elections, it’s sort of not in the purview of Washington. So I think Bitcoin could rally very strongly from here.”
Regarding the projected strength of the rally, Lee adds, “When Bitcoin breaks above its 200-day, which it did about two weeks ago, its average six-month gain is about 190%. So this would point to all-time highs sometime 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:
Bitcoin just hit $10,000.I still think that Bitcoin will hit $100,000 by end of December 2021.
Fixed supply. Increasing demand. Time will tell. #Bitcoin
— Pomp 🌪 (@APompliano) February 9, 2020
It is not S2F related, and also not WMA200 related. It is a new not yet disclosed indicator that is the result from chain analytics. So if it would drop below $8200 (what I do not expect), then I will drop that indicator.
— PlanB (@100trillionUSD) February 10, 2020
https://cointelegraph.com/news/anthony-pompliano-believes-bitcoin-price-climb-to-100k-has-started
https://cointelegraph.com/news/bitcoin-price-has-set-82k-floor-100k-coming-before-2022-analyst
Post Views: 418 -
MAX KEISER PREDICTS K BITCOIN PRICE WITH BUFFET MOVING INTO GOLD!! BTC IS INCREDIBLY BULLISH!!
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Max Keiser believes that the Bitcoin price will shoot up to $50,000 per BTC as a result of Warren Buffet moving into gold.
The vocal Bitcoin proponent and TV anchor Max Keiser has commented on the recent decision of Warren Buffett to move his funds from stakes in major global banks and make a bet on Barrick Gold miner stocks, saying that the Berkshire Hathaway CEO is wrong about gold, banks and, what’s more, he is likely to be wrong by chiding Bitcoin.
Bloomberg has reported that the world renowned investor, aka the Oracle of Omaha, Warren Buffett has decided to shift his investments from banks and move them into the stocks of Barrick Gold.
He has reduced his financial presence in several big name banks, such as JPMorgan Chase, Wells Fargo, etc, after many years of considering these institutions to be a ‘a good business as long as they don’t make major mistakes’, according to Bloomberg.
Previously, U.Today reported that the investment guru and a popular non-fiction writer Robert Kiyosaki slammed Buffett for his ‘old-dated strategy’ of ignoring gold, the stock market and Bitcoin, sitting on his billions of cash.
Now, Warren Buffett has started to gradually move into gold. However, Max Kaiser believes that he is wrong about pretty much everything – gold, banks, airlines and Bitcoin, which Buffett previously referred to as “rat poison squared”.
Max Keiser believes that following Buffett’s move into gold, the global investment business is likely to bet 5 percent of its funds on gold.
This, in its turn, lead Keiser to believe that around 1 percent of the funds would be allocated into Bitcoin (following the recent move of MicroStrategy who bought $250 million worth of BTC). That’s $1 trillion.
“Global $100 trillion fund management biz is less than 1% invested in Gold. With Buffett now moving into Gold expect global allocation of 5% AU min. Expect a 1% BTC global allocation ($1 trillion).”
The crypto community and Bitcoiners in particular have always been critical about banks, referring to Bitcoin as something that would put them out of business.
As for gold, the Winklevoss twins have recently stated that unlike Bitcoin, gold has an infinite supply in the space (in particular referring to Elon Musk, NASA and their plan to explore gold and other precious metals on asteroids, while pitching Bitcoin to Dave Portnoy).
Tyler Winklevoss tweeted:
“The supply of gold is infinite in our galaxy, the supply of Bitcoin will always be fixed. Long-term, there will be no comparison between these assets. Gold will be to bitcoin in the future like sand is to gold today.”
In other trending Bitcoin News today:
Raoul Pal: Bitcoin will become best performing asset in the world!
Former Goldman Sachs employee Raoul Pal has been one of the most bullish on Bitcoin’s future in recent days.
Pal has made a bullish prediction for the first cryptocurrency by market capitalization and said that Bitcoin will be the best performing asset in the coming years.
Comparing it to other assets such as gold, stocks and commodities, Pal outlined:
“Almost everything is an inferior trade to Bitcoin (…) And there is nothing – except currently Ethereum and that’s in a shorter-term time horizon because it was underperforming massively – but on any meaningful time horizon, whether it’s one-year, two-year, three-year, four-year, five-year, six-year, Bitcoin’s basically outperforming everything, and it’s breaking out versus everything, or – another term – everything is breaking down versus Bitcoin.”
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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:
The supply of gold is infinite in our galaxy, the supply of #Bitcoin will always be fixed. Long-term, there will be no comparison between these assets. Gold will be to bitcoin in the future like sand is to gold today.
— Tyler Winklevoss (@tylerwinklevoss) August 14, 2020
Global $100 trillion fund management biz is less than 1% invested in Gold. With Buffett now moving into Gold expect global allocation of 5% AU min. Implies $5,000 Gold
Expect a 1% #BTC global allocation ($1 trillion).
This implies $50,000 for Bitcoin
Expect PTJ ups to 10%
— Max Keiser (@maxkeiser) August 14, 2020
These are all INCREDIBLY BULLISH long-term chart patterns. The probabilities in the charts suggest that Bitcoin is likely set to be the best performing major asset in the world over the next 24 months and by a big margin.
I remain #irresponsiblylongbitcoin #bitcoin $BTC
— Raoul Pal (@RaoulGMI) August 10, 2020
$BTC updateAnother good 4-hr close above supportPrice came down, retested and has bounced – will look for continuation to the upside
Still want to close above $11,900 on the daily pic.twitter.com/Dp1qsmvTFI
— Josh Rager 📈 (@Josh_Rager) August 12, 2020
As long as $BTC can hold $10,500 support, I think we continue to move up to test the 1.618 extension1.618 is at $13k and 2.618 is around $14,800
Yesterday’s drop was possibly price suppression and re-accumulation of longs and a bear trap on shorts to fuel the next push up pic.twitter.com/9UEs7T5Toe
— Jacob Canfield (@JacobCanfield) August 12, 2020
The US Dollar is “Ready to Break Down” – How This May Impact Bitcoin
https://u.today/warren-buffett-is-wrong-about-bitcoin-gold-banks-max-keiser
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HOW BITCOIN PRICE COULD HIT ,500 IN NEXT FEW DAYS | BTC Rap: Back To My Crypto (HODL Gang 2)
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BITCOIN PRICE STRIKES SIX MONTH HIGH
Another day and another yearly high has been hit by the BTC price on its march back upwards.
Analysts are eyeing the next resistance levels and it seems that Bitcoin (BTC) has a bit further to go yet.
BTC has tapped a new 2020 high of just shy of $10,500 during today’s Asian trading session.
Since its jump back above five figures a couple of days ago the king of Crypto has continued to march slowly higher reaching prices not seen since early September last year.
So far this year Bitcoin has made an impressive 45% which was enough to garner the attention of the pundits on CNBC’s ‘Fast Money’ yesterday.
Analysts have been eyeing next levels of resistance and Josh Rager has found a level of around $10,750 on the monthly chart.
“BTC $10,761 remains the resistance on the monthly chart. But if we zoom in inside the monthly, we’ll see horizontal resistance at $11k. And $BTC could get as high as $11,400 to $11,550 before topping out IMO (VAH/VP). I’ll stay in spot positions until then & likely hedge short” – Josh Rager
He added that horizontal clusters can be seen clearer on the daily chart which shows resistance at a similar level.
$12k is also a target if BTC can break through initial resistance levels first, from there on there is very little preventing it returning to last year’s high of $13,800.
In today’s show we also premier Chris Records latest Bitcoin rap video entitled: Back To My Crypto (HODL Gang 2).
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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:
$BTC $10,761 remains the resistance on the monthly chartBut if we zoom in inside the monthly, we’ll see horizontal resistance at $11k
And $BTC could get as high as $11,400 to $11,550 before topping out IMO (VAH/VP)
I’ll stay in spot positions until then & likely hedge short pic.twitter.com/LjRnO01KwD
— Josh Rager 📈 (@Josh_Rager) February 13, 2020
It is far from this daily candle close, but if it remains green, it would be a TD Sequential “9” – a rare thing on a daily time frame.Considering the preceded rise and the absence of decent corrections, it is wise to be cautious with long positions, IMO.
👀$BTC $BTCUSD #bitcoin pic.twitter.com/eVPoQeP2xJ
— CryptoHamster (@CryptoHamsterIO) February 13, 2020
https://cointelegraph.com/news/bitcoin-price-suddenly-drops-300-in-1-hour-after-10-500-rejection
Post Views: 503