REAL REASON TO BELIEVE BITCOIN WILL HIT $10 MILLION BY THIS DATE!! BTC HYBER-BULLISH ASCENSION!!

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As the Bitcoin price plummets below $8,000, Adaptive Capital digital asset strategist Willy Woo is recanting his earlier BTC bull run forecast.

Last month, the crypto analyst and influencer tweeted a chart that he said revealed how strong on-chain fundamentals backed Bitcoin’s breakout above $10,000.

The BTC price has since crashed after hitting its recent highs. Although Woo says he believes the Bitcoin (BTC) long-term prospects are solid, the indicator now suggests a more worrisome situation in the near term.

“This is a chart of on-chain ‘investor activity’ right now. Long term looks solid. Short term is very weird, normally it’s smooth oscillations, not anymore, it’s like something hit it (COVID19?), it’s fizzing out. Waiting for this to reverse before we put in a bottom. Maybe soon.”

Woo says Bitcoin’s fallout is due to a black swan event – a name for an extremely rare and unforeseen circumstance that causes catastrophic damage to the economy.

Because they are unpredictable, black swan events are not accounted for in financial forecasts.

“I was totally wrong on this call… “no chance this is a top” just below 10k. The market right now, crypto and traditional, is undergoing a black swan.”

The black swan metaphor is now extensively used to describe the coronavirus, which has infected over 118,000 worldwide since it was first reported in December of 2019.

Fallout from the virus has triggered a global market downturn that has not spared Bitcoin and the crypto market at large.

Bitcoin Futures and Options Volume May Suggest BTC is About to Make a Massive Movement 

In the near-term, two factors that could suggest an intense movement is coming is the fact that Bitcoin’s CME Futures volume and options volume is spiking.

Over the past 24-hours, Bitcoin’s CME Futures trading volume skyrocketed to over $400m, a level not seen since late-February when the cryptocurrency’s bullish market structure first started degrading.

Although CME Futures volume could spike in the time preceding a movement in either direction, the ongoing downtrend may suggest traders are anticipating further downside.

This notion is further bolstered by the fact that BTC options trading volume just set a fresh all-time at roughly $200m, showing that an explosive movement is imminent in the days and weeks ahead.

“All time high for bitcoin options volumes yesterday with nearly $200mln trading,” analytics platform Skew noted in a recent tweet.

The days and weeks ahead should elucidate the validity of the perception that a big movement is brewing.

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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:

I was totally wrong on this call… “no chance this is a top” just below 10k.

The market right now, crypto and traditional, is undergoing a black swan.https://t.co/bq18x4VAQM

— Willy Woo (@woonomic) March 10, 2020

Bitcoin Futures and Options Volume is Surging; Expect an Explosive Movement

➡️ “The Crypto Catch-Up” – Teeka Tiwari Live Event: Register here: http://teeka.cryptonewsalerts.net

Bitcoin just reached its highest point since 2018, and some analysts believe BTC will surge to new all-time highs in the near future.

Crypto investment analyst Teeka Tiwari predicts the Bitcoin will reach $60,000 or $70,000 “a lot sooner than most people realize.”

In a recent Zoom call with Chris Lowe of Legacy Research Group, Teeka specifically predicted bitcoin growing as high as $60,000 or $70,000 USD.

Although Teeka did not issue a timeline for his prediction, Teeka insisted we’ll see cryptocurrencies with “multitrillion-dollar market caps” within the near future – similar to how stocks like Amazon and Apple have multitrillion-dollar market caps today:

“You will see cryptocurrencies with multitrillion-dollar market caps – like how you now see stocks like Amazon and Apple with multitrillion-dollar market caps.”

Teeka made the prediction back in August when bitcoin was hovering between $10,000 and $12,000.

Over the last few weeks, bitcoin has surged to recent highs, reaching as high as $13,793 on October 27.

Although the price has retreated slightly in recent days, some are calling for bitcoin to reach a new all-time high before the end of 2020.

Teeka deliberately did not put a timeline on his prediction, stating that he did not want to get backed into a corner – similar to how other cryptocurrency ‘gurus’ have looked foolish when their price prediction dates have come and gone:

“I’m not going to paint myself into a corner and say when. But it will happen a lot sooner than most people realize.”

2020 has been an uncertain year for everything, but bitcoin has remained relatively steady throughout the year.

The world’s biggest cryptocurrency has continued to slowly accumulate market cap throughout the year.

While some believe there will be a correction before the end of this year, others believe bitcoin will surge.

We could see a tumultuous end to 2020.

With the US presidential election and uncertain COVID-19 treatments, bitcoin could be a safe haven for investors in a world of uncertainty.

In his interview, Teeka claims we’re in “maybe the second half of just the first inning of this bull market.”

As much as bitcoin’s price has surged in recent months, Teeka believes this is just the first 10% of the bull market – with the remaining 90% surge still to come:

“We’re in maybe the second half of just the first inning of this bull market. You’re going to see bitcoin reach $60,000 or $70,000.”

There are reasons to be optimistic about bitcoin in the near future.

Teeka and his team have collected all of the following evidence showing the long-term viability of bitcoin and digital currencies in general:

Fidelity (one of the world’s largest asset managers), Intercontinental Exchange (ICE, the owner of the New York Stock Exchange), and JP Morgan Chase (one of America’s largest banks) are creating crypto products and services for clients.

Walmart, Visa, IBM, Citigroup, and UPS are adopting blockchain technology, using it to track supply chains and cross-border transactions.

Billionaire hedge funds are allocating a portion of their portfolios towards bitcoin, and a growing number of asset managers recommend putting a slice of your portfolio into alternative assets like bitcoin.

In other trending Bitcoin News today:

“5 Signs That The Real Bitcoin Rally Is Only Just Starting”

The price of Bitcoin (BTC) has pulled back substantially since its yearly high at $14,149 a few days ago.

Yet, there are five signs that the real rally is only just starting.

Rising “HODLing” activity, record-high fundamentals, low retail interest, higher time frame breakout and technical indicators suggest that a bigger bull run may be brewing.

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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://bitcoinexchangeguide.com/teeka-tiwari-bitcoin-price-prediction-btc-will-hit-70k-sooner-than-people-realize/

Latest Bitcoin Sell-Off Prepares Launchpad Towards $15K; Here’s How

https://cointelegraph.com/news/5-signs-that-the-real-bitcoin-rally-may-only-be-just-beginning

➡️ TEEKA TIWARI – The Investment of the Decade: http://2020.cryptonewsalerts.net

Former Goldman Sachs hedge fund manager Raoul Pal Says he’s preparing for Bitcoin (BTC) to hit $1,000,000 in as little as three years.

In the latest economic report from Global Macro Investor, Pal covers a litany of devastating figures on the state of economies around the world, from rapidly rising unemployment numbers in the US to plummeting retail sales in China.

He says a sharp V-shaped recovery is highly unlikely. “I think that growth will not recover meaningfully from this massive economic hit.

I think the narrative of hope is false hope. I would handicap a U-shaped recovery at 30%. I’d handicap a full debt deflation at 70%. Yeah. 70%.”

He expects baby boomers to “sell every rally they can to protect their last, rapidly diminishing nest egg.”

After that, he predicts boomers will stop spending, triggering slower growth and contributing to a mounting debt crisis. According to Pal, the only answers to the impending calamity are gold and Bitcoin.

“Gold is the protection of our assets. Bitcoin is the call option on the future system. Both are going to save us and probably make us rich… Gold can go up 3x or 5x in the next three to five years. Bitcoin, well, that’s a different story. I think [BTC] can get to $1 million in the same time period.”

Pal says gold now has a $15 trillion market cap, if assets that reflect the price of gold on paper are included. By that logic, and considering his bullish stance on gold’s future growth, Pal says it’s realistic to expect the Bitcoin price could rise to a $10 trillion market cap.

“Would it be crazy for Bitcoin to have a $10 trillion valuation? After all, it isn’t just a currency or even a store of value. It is an entire trusted, verified, secure, financial and accounting system of digital value that can never be created outside of the cryptographic algorithm.

It is nothing short of the future of our entire medium of exchange system, and of money and the platform on which it operates… I think this is the biggest trade of our lifetimes and just at the time when we need it most.”

Pal cautions that forecasting years into the future is a “complex and risky affair” and only time will tell if his theories are accurate. For now, Pal says he’s buying Bitcoin every day.

However, he’s not going all-in on the extremely risky asset, which is known for its dangerous volatility and violent moves to the upside and downside.

“The allocation I am personally aiming for, on my total available liquid assets, is 25% trading investments, 25% cash (all dollars), 25% gold and 25% Bitcoin.”

In other trending Bitcoin News today:

2 Key Technical Reasons Why a Bitcoin Rally to at Least $8K Is Likely

The BTC price has seen a strong rebound from $6,800 to $7,600 within a four-day span, recording a 12% increase.

Two technical factors are likely to push BTC to $8,000 in the near-term as traders anticipate a strong weekly close.

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Trezor: ► http://trezor.cryptonewsalerts.net

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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/2-key-technical-reasons-why-a-bitcoin-rally-to-at-least-8k-is-likely

https://drive.google.com/file/d/1nWQVpbyeVqwB1qHHVXs1G19b9_iUvrX9/view?usp=sharing