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Right now, with the Bitcoin market cap sitting just under $1 trillion, BTC is only a very tiny fraction of the world’s assets combined. So in the grand scheme of crypto, this is why many analyst believe we’re still so early.
“If Bitcoin captures just 5% of the market cap of other assets on this chart, it’ll be worth over $2M/coin.”
In other trending Bitcoin News today: Bitcoin bears lack ‘balls’ to continue selling into 2022!
BTC bears will probably be too “stoneless” to keep prices down much longer, fresh Bitcoin price analysis argues.
In a Twitter series published Dec. 18, popular account Light summarized the events which led to Bitcoin’s recent 39% correction.
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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/analysts-expect-turbulent-bitcoin-price-until-46-500-flips-to-support
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BITCOIN PRICE ON VERGE OF 1000% RALLY | BTC Prediction Model Tidal Wave to 0K Increasingly Likely
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Bitcoin Price on Verge of 1,000% Rally: Crazy Accurate Analyst Who Predicted BTC $6,400 Bottom
There are few Bitcoin traders that have been as accurate as Dave the Wave over the past year.
The pseudonymous cryptocurrency trader predicted in the middle of 2019 that the BTC price of the asset would retrace to the mid-$6,000s to enter a “long-term buying zone” after the over-300% rally that brought BTC from $3,150 to $14,000 in a few months’ time.
Bitcoin did just that, bottoming at $6,400 on December 18th, briefly entering the buy zone Dave the Wave laid out, offering investors with a rare opportunity to purchase the cryptocurrency at the peak of the feasible risk-return curve.
For the longest time, investors have been waiting for Bitcoin (BTC) to hit $100,000 – many think this is a price that will make the world, from Wall Street to Main Street, have true belief in BTC.
Right now, however, it seems entirely unfeasible for Bitcoin to hit $100,000 in the medium-term, for this price point lies around 1,000% higher than the current market price of $10,000 flat.
But, according to Dave the Wave, the cryptocurrency is still on a clear trajectory to enter a six-digit price point in the coming two to three years.
Dave backed this prediction by pointing out the cryptocurrency is on the verge of finishing a fractal correction and is about to break past of a long-term descending trendline, which marked the two swing tops over the past two years.
A move past the trendline, which will soon line up with the long-term buying zone for Bitcoin, is likely to kick off a rally to $100,000, Dave suggested.
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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:
Stay encouraged with any pullbacksAfter multiple weeks of green, a couple weeks of downward price action would be fine
Many were looking for the opportunity to buy and this could present ample opportunities
— Josh Rager 📈 (@Josh_Rager) February 15, 2020
ALTS barely flinched during the $BTC dump. In fact, it was barely a dump and there was barely a dip to buy.
All signs of how strong this market is and how strong $BTC & ALTS are.
Anyone who says they see weakness is just seeing a mirage in their head.
— Satoshi Flipper (@SatoshiFlipper) February 15, 2020
Price movements under $20,000 have only been a distraction to shake you out before $100,000 #Bitcoin
— Crypto Rand (@crypto_rand) February 14, 2020
For those getting stuck or confused on the shorter term call, here’s my view going forward. If you’re a holder/ investor, ignore the short term calls and focus on the medium/ long term.
Main point being, a consolidation to the buy zone would set BTC up nicely for its run. pic.twitter.com/AC2gv5VrGI
— dave the wave (@davthewave) February 16, 2020
Crypto Markets See Red as Bitcoin Begins Correction, How Low Will BTC Drop?
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BITCOIN COULD SOON SEE 20% SURGE TO ,700 | BTC Pullback Accelerates, Crypto Bull Run Over?
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BITCOIN PRICE HOLDING THIS ESSENTIAL LEVEL WILL LEAD TO 20% RALLY
Bitcoin has seen quite the turn of events over the weekend; the BTC price of the leading cryptocurrency has whipsawed between $9,700 and $10,500, failing to establish a short-term trend due to an endless tug of war between buyers and sellers.
While many analysts and investors have attributed this indecisive price action to a potential topping in the Bitcoin (BTC) market, some are sure the asset is poised to continue even higher in the coming weeks, citing the fact the cryptocurrency maintained the $9,500 price point – a level that has been critical for BTC to hold over the past few months.
Prominent cryptocurrency investor George recently remarked the Bitcoin price is still on track to rally towards the $11,700 price point – around 17% higher than the current price – in the coming weeks.
He backed this forecast by posting a chart, seemingly suggesting the cryptocurrency, despite rejecting the 0.25 level of a weekly range formed in 2019, has held the $9,700 swing low and the $9,500 inflection point.
George further explained “Keep it simple, $11,700 is next. Invalidation [if there is a] clean break below $9,500.”
BITCOIN PULLBACK ACCELERATES, IS THE CRYPTO BULL RUN OVER?
The crypto correction that began over the weekend has accelerated into Monday morning as bitcoin slides back towards support.
Altcoins, which have rallied hard recently, are in deeper pain with several dumping double digits today.
Total crypto market capitalization has dumped a further $15 billion over the past 24 hours or so.
The slide has taken total cap back to $280 billion, which is still 47% higher than it was at the beginning of the year.
Bitcoin has failed to break $10k again and further losses are expected but how low will it fall this time?
Lower highs are being made on the bitcoin chart which means that the short term downtrend is accelerating.
It failed to break resistance at $10k a few hours ago and has since slumped back towards $9,700 where there is support.
If this level does not hold BTC is expected to fall back to the $9,350 region where there is further support.
If this crucial zone is broken then things could get ugly fast with a potential dump back into the low $8k region.
Analysts and traders remain optimistic however with some pointing out that the correction is not even 10% yet from a climb of 46% so far this year.
“$BTC has risen 60+% since the first of the year and everybody is now scared of a 10% drop? Really?” – CryptoFibonacci
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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:
$BTCBullish – nice 4 hr & daily close to end Sunday, bounced at key area of $9800 (HVN)Bearish – still forming lower highs/lower lows on intraday charts, CME price pullback from $10,075. less premium
Still needs to hold $9800+ on HTF or we’ll still visit $9,300 to $9,550 pic.twitter.com/G1LCcGqjF2
— Josh Rager 📈 (@Josh_Rager) February 17, 2020
I wouldn’t mind a 10-20% dip here if it means alts crash by 70%+. The malinvestments from the last bubble don’t feel finished 2+ years later.
— Jimmy Song (송재준) (@jimmysong) February 17, 2020
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WHEN 0K BITCOIN? BTC Price Prediction Model | CHAINLINK (LINK) To Hit New All-Time High Soon
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With the Bitcoin halving rapidly approaching, the multi-billion-dollar question is just how the historic event will impact BTC price.
One popular Bitcoin price prediction model has a post-halving price in the range of $55,000 to $400,000.
According to the theorist behind the prediction, people have been misinterpreting the model behind the lofty figures presented.
The analyst responsible for them has addressed the confusion, advising folks not to hold their breath for a $50,000+ Bitcoin (BTC) during the three months leading up to the halving.
Apparently some people have interpreted the already extremely bullish BTC price prediction model as even more optimistic than it is though.
Analyst Plan B addresses the misunderstanding in the following tweet:
“Some misunderstandings about S2F model: 1) That it predicts $100k by May2020. No, it predicts $100k May2020-2024 average, like the chart shows 2) Why $100k, it was $55k? Yes, the original model on monthly data (Mar22) says $55k, but a new model on yearly data $100k. Your choice.”
The analyst clarifies that the price mentioned in the original paper (and a higher target of $100,000 worked out using yearly data) is not a pre-halving prediction.
Instead, it refers to the average price we can expect at some point after the event itself.
CHAINLINK (LINK) TO HIT A NEW ALL-TIME HIGH SOON, ANALYST CALLS
Chainlink crypto, a project that joined the crypto market relatively late, is on an expansion again, promising to break its all-time record.
LINK, one of the most active altcoins that has even defied the bear market, is on a fast expansion once again.
The asset has been known for its rapid, significant appreciation boosted by activity on Binance and a strong community.
LINK remains volatile, sinking from its highs by as much as 60%, but expansions are dramatic.
This time, while an altcoin season is not a promise, most assets regain some of their value.
This translates into significant earning opportunities as altcoins move very fast. What is even more curious, LINK made most of its gains during the bear market of 2019, and has repeated price peaks in the past year.
“There is virtually little to no resistance between here and the ATH for $LINK We should see new ATH’s & price discovery next few months – this alt rebound I’m confident will continue with $BTC halving looming in the background and the bull market cycle progressing forward …”
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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:
There is virtually little to no resistance between here and the ATH for $LINK
We should see new ATH’s & price discovery next few months – this alt rebound I’m confident will continue with $BTC halving looming in the background and the bull market cycle progressing forward … https://t.co/EvECsnOR4e
— Satoshi Flipper (@SatoshiFlipper) February 7, 2020
Some misunderstandings about S2F model:1) That it predicts $100k by May2020. No, it predicts $100k May2020-2024 average, like the chart shows
2) Why $100k, it was $55k? Yes, the original model on monthly data (Mar22) says $55k, but a new model on yearly data $100k. Your choice. pic.twitter.com/QkCFepZHpw
— PlanB (@100trillionUSD) February 7, 2020
A Bitcoin Price of $15,000 Will Make BTC Mining Profitable Post Halving
Chainlink (LINK) to Hit a New All-Time High Soon, Analyst Calls
When $100k Bitcoin? Analyst Clarifies Popular BTC Price Prediction Model
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