QUANT ANALYST PLAN B PREDICTS BITCOIN HYPERBOLIC SCENARIO – HERE’S HIS Q1 BTC PRICE TARGET!!

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Ever since the Bitcoin price shot over 1,000% higher in 2017 to hit $20,000 – a BTC price point that was once seen as relatively unobtainable by even some of the cryptocurrency’s most dedicated bulls – analysts have been waiting for the asset to “moon” once again.

Bitcoin Needs to Break Past Ultimate $14,000 Level

While Bitcoin (BTC) surged as high as $20,000 in 2017, it didn’t stay at this level for long, failing to establish any semblance of support in that region. In fact, it closed the month of December at $14,000 – 30% below the all-time high as bulls failed to maintain momentum.

For those not versed in technical analysis, this close meant that $14,000 became the level to cross above on a monthly basis, for a close above this ultimate resistance would suggest a higher high has been established.

A chartist going by “Delboy” doubled down on this in a recent tweet, remarking that Bitcoin’s long-term chart is showing signs that $14,000 might be key in launching the price of BTC “to the moon.”

Bitcoin has been in a slight pullback for the past few days, having descended from above the psychological $10,000 level.

A crypto trader talks about Bitcoin inflation comparing it to the inflation target set by most central banks and makes a bullish long-term prediction on BTC. ‘BTC COULD EASILY JUMP TO $200,000 WITHIN 2 YEARS!’

On his Twitter page, trader TheMoonCarl has shared data that after the approaching halving of the major cryptocurrency, the Bitcoin inflation is going to reduce from the current 3.6 percent to 1.8 percent.

As per him, the majority of central banks have set themselves a target to keep inflation at 2 percent, so the BTC inflation is going to be lower.

The trader also states that within two years, the price of Bitcoin could easily hit $200,000.

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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 #Bitcoin inflation is now 3.6% & will be 1.8% after the halving.That’s officially lower than the 2% inflation-target adopted by most central banks.This is actually HUGE!

The $BTC price could easily jump to $200,000 within 2 years!

— The Moon (@TheMoonCarl) February 22, 2020

Longs filled on that wick. We either soar to the heavens or we go to Valhalla as heroes. #bitcoin.

— Jacob Canfield (@JacobCanfield) February 21, 2020

Bitcoin Breaking This Key Level Above $10,000 Could Send It to “the Moon”

https://u.today/bitcoin-btc-price-could-jump-to-200000-within-two-years

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Influential investor Raoul Pal says the best trade he’s ever found is Bitcoin, which he’s described BTC as “a call option on the future” and “the world’s most pristine reserve asset.”

In a recent interview on Yahoo Finance, Pal said that the central banks move toward digital currencies is “literally the biggest story” in his career.

Investors like Pal don’t want to compete against central banks, but aim to create “a digital world,” Pal said, underscoring that despite big reservations, policymakers don’t appear to want to ban crypto completely.

“They understand the technology is out of the bottle. The genie is out of the bottle,” the investor said.

“There’s nothing you can do about it. It’s not going away. It’s too small to matter still.”

Pal has stated repeatedly that bitcoin’s price could get to $1 million, becoming a $10 trillion asset class, and possibly surpassing the gold market.

In the last year, bitcoin’s price has surged more than 42% to last trade near $13,137. In the last month, the digital currency has jumped more than 22%.

With a market cap of around $240 billion, bitcoin is approximately the size of a “large, mid-cap S&P [500 Index] stock,” Pal pointed out.

As it moves to $500 billion or $1 trillion, “suddenly it’s a real asset class and sucks in more money.”

One of the drivers will be the “wall of institutional money” coming.

“It becomes a Soros-style reflexive loop where we’ve got the macro story backing it up,” said Pal — referring to George Soros, the speculative investor once credited with “breaking” the Bank of England in a bet against the British pound.

“We’ve got the flow of funds backing it up, then we’ve got the move, which the central banks are driving. It’s literally the biggest story I’ve seen,” Pal said.

What it means is more printing of currency. That’s not just the U.S. It’s basically every single country on earth is doing the same thing.

In Pal’s view, bitcoin “plays a role as the world’s most pristine reserve asset” for individuals, corporations, pension funds.

“It’s an incredible asset. It’s the only one with a limited supply with growing demand. It’s an extraordinary thing,” he said.

In other trending Bitcoin News today:

Bitcoin Monthly Candle Closes Above $13K For The First Time Since 2017

The monthly candle of Bitcoin (BTC) for October has closed above $13,000 for the first time since December 2017.

It comes after both daily and weekly candles all closed above the crucial resistance level.

Ark Invest’s Cathie Wood emphasized the importance of the $13,000 level.

Wood, who manages $11 billion in assets under management at Ark Invest, said there is little resistance between $13,000 and $20,000.

This means if Bitcoin breaks out on a high time frame chart, the probability to rise to a new record-high could get higher.

She said:

“That $13,000 [level] is important because if we were to get through that, then in technical terms, there would be very little resistance and we would probably be on our way back to the peaks we saw in late 2017 — so, around $20,000. Now, we’re not sure if that is going to happen. We could stay in a new trading range, just at a little bit of a higher level than the recent six to 10. Maybe we’re in the $10,000 to $13,000 range. Nonetheless, a breakout.”

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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://money.yahoo.com/raoul-pal-on-bitcoin-as-a-reserve-asset-120007396.html

https://cointelegraph.com/news/bitcoin-monthly-candle-closes-above-13k-for-the-first-time-since-2017

https://cointelegraph.com/news/bitcoin-is-the-best-treasury-reserve-asset-humanity-s-ever-had

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Bitcoin has broken the $60,000 level and is back in the area of its all-time high (ATH) set in April 2021. Based on a fractal analysis of charts of previous BTC cycles, the peak prediction for the ongoing bull market even reaches the vicinity of $390,000.

Cryptocurrency and Bitcoin market analyst, TechDev has tweeted a series of charts on the possibility of future long-term movement of BTC. They show bullish predictions for the price of the alpha crypto for the next few months, especially at the end of this year.

In other trending Bitcoin News today: ProShares Set for Bitcoin Futures ETF Launch on Monday After Apparent SEC Approval!

The US Securities and Exchange Commission has reportedly greenlit the country’s first Bitcoin futures exchange-traded fund (ETF).

ProShares, an ETF provider, filed a post-effective amendment prospectus on Friday that states the company plans to launch the BTC Futures ETF on Monday, a sign that the SEC has approved the product.

Bitcoin has surpassed the $60,000 mark briefly for the first time since April 2021. The BTC price has been boosted by reports suggesting a Bitcoin futures ETF (Exchange Traded Fund) is likely to begin trading in the United States as early as next week.

Bloomberg senior ETF analyst, Eric Balchunas, is confident that the ProShares Bitcoin Strategy ETF could be the first one launched as the decision deadline is Oct. 18. The Invesco Bitcoin Strategy ETF may be approved the following day barring any further delays by the SEC.

In a tweet on Oct. 15, the analyst stated: “Pretty much done deal. Expect launches next week,” before adding the “odds now over 90% IMO.”

In other trending Bitcoin News today: Bitcoin Could Surge Nearly 10X From Current Price, Predicts ARK Invest’s Cathie Wood – Here’s How

ARK Invest founder Cathie Wood says that Bitcoin (BTC) could reach $500,000 if institutional investors embrace the benchmark cryptocurrency.

Bitcoin is currently trading at $57,327, but according to Financial Review, Wood says that price could surge by nearly 10 times if institutions allocate just 5% of their investment funds to BTC.

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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:

This Bitcoin (BTC) Fractal Could Drive Price to $390,000

https://cointelegraph.com/news/jack-dorsey-s-square-plans-to-build-an-open-source-bitcoin-mining-system

https://cointelegraph.com/news/btc-price-hovers-above-61k-amid-fresh-concerns-over-fate-of-physical-bitcoin-etf