Episode 410đ° BlockFi: Up To $250 Bitcoin Bonus: â Anthony Scaramucci, the former White House communications director and founder of investment firm SkyBridge Capital, has said Bitcoin could âeasilyâ hit $100,000 within the next 12 months as more…
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BITCOIN ETF COULD BE APPROVED THIS WEEK!!! | BTC Price Will Rally Higher!
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âCloser Than Everâ to Bitcoin ETF, Says Bitwise Ahead of SEC Deadline.
Executives at Bitwise Asset Management are highly optimistic as the deadline for the United States Securities and Exchange Commissionâs (SEC) decision on their proposed Bitcoin (BTC) exchange-traded fund (ETF) looms on the horizon. Days ahead of the Oct. 13th deadline, an Oct. 7 CNBC report cites Matt Hougan, managing director and global head of research at Bitwise, saying: âWeâre closer than weâve ever been before to getting a Bitcoin ETF approved.â
In other Crypto news:
CNBC Crypto analyst suggests the BTC price will rally higher.
Are Altcoins ready to explode?!
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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.
News Resources From Todayâs Show:
https://cointelegraph.com/news/closer-than-ever-to-bitcoin-etf-says-bitwise-ahead-of-sec-deadline
https://cointelegraph.com/news/cnbc-crypto-analyst-suggests-bitcoin-price-will-rally-higher
Crypto Whale Moves 20,000,000 XRP to Coinbase â Is It Rippleâs Former CEO?
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K BITCOIN PRICE IS âREASONABLEâ IF BTC HITS NEW HIGHS, SAYS TONE VAYS!! PEAK PROJECTED AT 5K!!
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Tone Vays, the well-known BTC derivatives trader, believes the Bitcoin price will stay above $10,000 for the rest of 2020.Â
At the start of the year, Vays said he was skeptical the BTC price would break $20,000 in 2021 but now he thinks itâs possible for the top cryptocurrency to overtake its record all-time high.
If the price of Bitcoin surpasses $20,000 in the medium-term, Vays said history shows it tends to double.
Based on the historical price cycles, he said the $45,000 to $50,000 range is a reasonable target.
During an interview with IGTV, Vays said:
âEvery time Bitcoin breaks a prior all-time high, especially when it takes years to break that all-time high, it tends to usually more than double. So I think $45,000 to $50,000 is a reasonable target.â
Throughout 2020, Vays said Bitcoin would likely stay above $10,000 and gear towards $20,000 the following year.
He noted:
âIn the beginning of the year, I thought that even next year would be a struggle to break $20k. Now I think itâs pretty likely that weâll break $20k next year.â
As on-chain analysts have said throughout August, the $10,000 area has become a strong support level for Bitcoin.
As long as a key psychological level at $10,000 is intact, an extended uptrend becomes more likely.
Vays also drew a comparison between Bitcoin and gold. He emphasized that gold broke its all-time high and saw a 5% upside past its previous high fairly quickly.Â
The trader explained that Bitcoin could do something similar over the medium to long-term when it breaks its previous all-time high at $20,000. He stated:
âWe are watching whatâs happening with gold right now. Gold finally broke its all-time high, that it made ten years ago, just recently, and it went already $100 past that. So it went 5% more fairly quickly. So letâs see how fast gold goes up since breaking all-time high, and Bitcoin can do something similar.â
How far could Bitcoin go?
Various price models predict the price of Bitcoin to reach anywhere between $30,000 to $250,000 in the long-term.Â
According to Vays, he would be satisfied if the next top of Bitcoin is at around $45,000.
Historically, Bitcoin has seen a major breakout past its previous record high, reach a new peak, then correct.
A rapid upsurge to unsustainable price levels could leave BTC vulnerable to sharp drops. He added:
âDo we think we go as high as $100,000? Iâm not willing to make that statement. For me, I would be happy if the next top was around $45,000, and that can happen quickly.â
In other trending Bitcoin News today:
Analyst: Bitcoin Trajectory Ahead of Schedule, Peak Projected At $325K
Bitcoin price recently set a new high for 2020Â but has since pulled back to just under $12,000.
However, the cryptocurrency is slightly âahead of schedule,â according to a top crypto expert and former Google engineer.
Because the asset is further beyond in its cycle âtrajectory,â it could mean that thereâs still more downside to go before the bull run picks up in steam.
In the end, however, it doesnât matter, as the same projection brings the cryptocurrency to a peak of over $325,000 in under two years.
According to the crypto expert, if the cryptocurrency was following the last cycle exactly, the price per BTC should be trading around roughly $10,800.
Currently, BTCUSD is trading roughly $1000 higher following a pullback that began after setting a local high at $12,400.
If Bitcoin continues to follow this path, and it has thus far, the next peak would arrive sometime around October 19, 2021.
The target? $325,000.
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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:
If we were to follow the 2016/17 trajectory (we’re ahead of schedule right now), the peak of the cycle would occur on October 19th, 2021 and the peak price would be approximatelyâŠ
$325,000 đ
â Vijay Boyapati (@real_vijay) August 19, 2020
Stats showcasing crypto growth in 2020â Crypto market cap +95% â Stablecoin market cap +185%
â $BTC +65%
â $ETH +220%
â $LINK +800%â BTC futures OI +50%â BTC options OI +560%â BTC CME futures OI +660%â BTC CME futures OI (in BTC) +360%â Total value locked in DeFi +900%
â Alex KrĂŒger (@krugermacro) August 20, 2020
Analyst: Bitcoin Trajectory Ahead of Schedule, Peak Projected At $325K
https://grayscale.co/wp-content/uploads/2020/08/Grayscale_Valuing_Bitcoin.pdf
https://cointelegraph.com/news/grayscale-bitcoin-market-looks-like-2016-before-historic-bull-run
https://cointelegraph.com/news/50k-bitcoin-is-reasonable-if-btc-hits-new-highs-says-tone-vays
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BITCOIN WILL PEAK OUT OVER $250K âTHIS YEARâ BEFORE MASSIVE DROP, SAYS CRYPTO VETERAN BOBBY LEE!!!!!
đ° BlockFi: (Up To $250 Bitcoin Bonus) https://blockfi.com/cryptonewsalerts
Legendary Crypto veteran Bobby Lee thinks Bitcoin will skyrocket in price by the end of 2021, according to a Fortune interview.
âI donât officially give financial advice, but personally Iâm confident that the latter half of this year Bitcoin will go back above $65,000. I think itâll peak out over $250,000 later this year.â
However, Lee also thinks BTC will endure a bear market in 2022 and lose 50-80% of its value after touching the new all-time high. A couple of years after the 2022 bear market, he thinks it will move into another bull cycle.
âI think Bitcoin will have its bull cycle every three or four years in the coming years. I expect Bitcoin to pass a million, two million dollars easily in the next 10-15 years. In fact, the next cycle I predict to be in the year 2024 or 2025, and thatâs when Bitcoin will cross half a million dollars and might even touch $1 million.â
In other trending Bitcoin News today: Popular Analyst Predicts Parabolic Second Phase of Bitcoin Bull Run, Says Bottom In for Ethereum!
Widely followed crypto analyst Kaleo tells his 338,900 followers that the second chapter of Bitcoinâs bull run will push BTC well above six figures.
âIâm sharing this because I have a feeling there are a bunch of late bulls that have extreme FOMO (fear of missing out) atm (at the moment) and are trying to overleverage to compensate. Just be patient and continue to stack. BTC is going to $100,000+ either way. Donât let greed knock you down right before it happens.â
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Trezor: âș 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/bitcoin-price-is-returning-to-40k-but-will-shorts-have-their-revenge
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