TEEKA TIWARI: 5 *MORE* COINS TO MILLION | Coronavirus Will Send Bitcoin Price to 0,000 in 2020

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Bitcoin disciple Max Keiser said his BTC price target for this year remains $220,000 despite all the recent FUD which has crept into the crypto market over the past few weeks.

As host of The Keiser Report and Orange Pill Podcast, Max points to the 2008 financial crisis as the start of a spiral that brought forth and continues to fuel Bitcoin’s ascent.

Keiser, who is an early Bitcoin investor, says the digital asset’s parabolic ascent could ultimately take BTC to about the $2 million mark.

“They’re just going to keep printing. And well, you know, my Bitcoin is up 9,000,000% since I first bought it. And it’s probably going to go up another 40x.”

In other trending Bitcoin News today: Bitcoin’s off-chain data points to more upward momentum for BTC price.

After months of unrelenting turbulence, the crypto industry has been on somewhat of a tear over the last couple of weeks, with the total market capitalization of the space recently topping the $2 trillion mark for the first time since May. 

In fact, over the last 21 days alone, a whopping $700 billion entered the digital asset sector, leading many to believe that more may be in the cards in the near term.

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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-s-off-chain-data-points-to-more-upward-momentum-for-btc-price

https://cointelegraph.com/news/btc-price-passes-47k-worst-case-scenario-as-bitcoin-realized-cap-hits-all-time-high

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A crypto strategist who sent an early warning about the Bitcoin (BTC) big correction last year is back with another bold prediction.

Dave the Wave is highlighting a new outlook from entrepreneur and Bitcoin investor Bob Loukas, who expects BTC to crater at the end of the current bull cycle.

Dave predicts that after the current bull market, Bitcoin will go through a “solid correction” for a few years before restarting a new boom cycle that will catapult the leading cryptocurrency above $280,000 at the end of 2027.

BTC investor Bob Loukas tweeted:

“To date, cryptofinance remains a laughed at and obscure market on the fringe of finance. Near the top of the next great Crypto bubble, market cap and penetration will hit ‘warning levels’ that concern the financial establishment.

In response, I believe you’re going to see coordinated full attack that will send crypto into savage + prolonged bear market. (Time+Price) Of course, it will adapt. Engineers will dig deeper. And in many ways, that act will serve as its right of passage.”

In the short term, however, Dave is telling is 38,000 followers that the month-long Bitcoin correction may be coming to an end as technical indicators flash bullish signals.

“Third time lucky?”

The crypto strategist is also keeping a close eye on the performance of a select group of altcoins, which includes Ethereum (ETH/USD), Chainlink (LINK/USD), Cardano (ADA/USD), NEO (NEO/USD), Monero (XMR/USD), and Tezos (XTZ/USD).

Based on Dave’s chart, Chainlink has been the best performer since the 2018 bear market bottom, and it is closely followed by Ethereum, Cardano, NEO, Monero, and Tezos.

Dave compares the long-term timeframe charts of Ethereum and Bitcoin (BTC/USD).

By doing so, according to the trader, Ethereum is poised to explode as it is a full bull market cycle behind Bitcoin. “And the fuller history… suggesting ETH a cycle behind.”

In other trending Bitcoin News today:

THREE KEY REASONS WHY BITCOIN’S MACRO CHART IS STILL BULLISH

Bitcoin’s macro trend remains bullish despite its inability to hold above crucial technical levels during the summer rally.

One crypto-asset analyst recently shared a series of charts and tweets showing that there are multiple reasons to be bullish on Bitcoin from a macro time frame.

Three of these reasons are as follows:

– Bitcoin has flipped the middle of the macro 1,000 range into support, meaning it looks primed to test range highs at $14,000.

– Bitcoin recently broke the multi-year downtrend that originated from the $20,000 all-time high set in December 2017. The downtrend was even retested by Bitcoin in late July, suggesting that it is acting as support. BTC breaking this trendline is important as it acted as resistance in 2019.

– BTC retraced to the “golden pocket” Fibonacci Retracement level in March, suggseting there will be an “impulse wave” towards all-time highs over time.

Underlying on-chain trends agree with the positive sentiment put forth by the aforementioned trader.

Glassnode reported that the number of BTC whales has been on a strong incline since the 2018 lows:

“The number of Bitcoin whales (entities holding ≥ 1K BTC) has been on an upwards trend for the past months. An indication that more high-net-worth individuals are entering the space to invest in Bitcoin in expectation of $BTC price appreciation.”

Other on-chain trends supporting Bitcoin growth include an increase in the realized cap and a decreasing number of BTC on exchanges, which should support price growth.

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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://dailyhodl.com/2020/10/12/after-calling-one-of-bitcoins-biggest-crashes-this-crypto-analyst-says-btc-will-surpass-280000-heres-when/

Three Key Reasons Why Bitcoin’s Macro Chart Is Still Bullish

https://cointelegraph.com/news/17k-bitcoin-price-a-real-possibility-if-bulls-flip-12k-to-support

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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

Bitcoin Pullback Accelerates, Is The Crypto Bull Run Over?

Bitcoin Holding This Essential Level Will Lead to 20% Rally