RIO DE JANEIRO, BRAZIL TO ALLOCATE 1% OF CITY RESERVES IN BITCOIN!! BTC PRICE WILL MORE THAN DOUBLE!

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On Wednesday, just before Bitcoin surpassed the digital asset’s all-time high (ATH), the crypto analyst known as “Techdev” said the “2-week chart looks strong and ready for much higher highs.” 

Just 26 days ago, Techdev said that “$200-300K BTC looks almost too programmed” and this week, the analyst noted that we are “nowhere near a top.”

Also BTC_Archive tweeted this morning to his 550,000 Twitter followers: “The last time Bitcoin weekly RSI was at this level on the way up, the price was $13K and went up 5x. IF that repeats = $322K. We are just getting started!”

In other trending Bitcoin News today: Bitcoin Futures ETF Hits $1B AUM In A Record-Breaking Two Days!

Since the ProShares Bitcoin Strategy ETF started trading this week, it has become the fastest fund ever to reach $1 billion in assets under management (AUM).

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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://news.bitcoin.com/analyst-that-said-200-300k-bitcoin-looks-programmed-still-says-btc-price-nowhere-near-a-top/

https://cointelegraph.com/news/bitcoin-futures-etf-hits-1b-aum-in-a-record-breaking-two-days

https://cointelegraph.com/news/breaking-2-2t-asset-manager-pimco-plans-to-buy-more-crypto

https://cointelegraph.com/news/bitcoin-gains-2k-in-an-hour-after-btc-price-bounces-near-previous-all-time-high

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The Bitcoin price could hit $100,000 as soon as in 2020 based on Elliot Wave Theory, according to Silk Road founder Ross Ulbricht.

“Thus, we have a price and target for the end of wave I of ~$100,000 some time in or near 2020.”

Ulbricht claims that he has several Bitcoin charts sent him to a prison cell on a daily basis.

It takes about a week to put his letters online, which makes them slightly out of date.

However, he states that it doesn’t matter since he only focuses on the coin’s long-term price action.

“The charts we will be looking at show the price of a bitcoin in US dollars over time.” 

According to Ulbricht, the overall trend for Bitcoin is still up (despite a severe price correction). 

The first cycle is divided into five waves that also feature “intermediate” waves.

The end of the fourth wave market the bottom of the 2014-2015 bear market when the price of Bitcoin plunged to $175 in January 2015 before gearing up for its parabolic rise to the current all-time high (ATH) that was conquered back in December 2017.

Ulbricht further explains that the ATH could mark the end of the third wave while another bear market that started in January 2018 could be the fourth wave. 

“If the ~$20,000 peak is the end of wave (3), then the correction pattern we are in (or just came out of) is wave (4), and we can expect wave (5) to take us to new all-time highs.” 

However, if the fifth wave is still unfolding, the next bull run could last until February 2021 and could ultimately take the price of Bitcoin to $100,000 as early as in 2020. 

In other BTC news today:

Bitcoin’s scheduled mining-reward halving in May 2020 could leave prices for the cryptocurrency in a range between $20,000 and $50,000, according to a new estimate.

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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.coindesk.com/bitcoin-halving-could-leave-price-at-20k-50k-hedge-fund-manager-says

https://u.today/bitcoin-price-predicted-to-skyrocket-to-100000-in-2020-by-silk-road-founder-ross-ulbricht

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Billionaire Ricardo Salinas talked with the director of Blockchain Land about his investment in Bitcoin. Salinas has said that he has 10 percent of his assets in BTC. Salinas has always been an advocate for Bitcoin. He posted on his Twitter profile that paper is worthless. And the best thing to put your money in is Bitcoin. The third richest man in Mexico has revealed that he is not afraid to put his money in BTC.

In other trending Bitcoin News today: Remembering John McAfee: Computer programmer and crypto evangelist dead at 75! Many may remember McAfee for being unapologetically outspoken for his thoughts on government overreach and for being a unique character in the crypto space. According to a report from Spanish international news agency EFE, John McAfee was found dead in his prison cell at the Brians 2 Penitentiary Center on Wednesday.

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🔥 [IMPORTANT] – Secure your crypto with a Trezor or Ledger hardware wallet:

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:

I’m Putting My Billion In Bitcoin, Billionaire Ricardo Salinas

https://cointelegraph.com/news/remembering-john-mcafee-computer-programmer-and-crypto-evangelist-dead-at-75

https://cointelegraph.com/news/bitcoin-rejects-at-34-5k-as-analysts-reveal-key-resistance-level-to-beat-next