đ° BlockFi: (Up To $250 Bitcoin Bonus) https://blockfi.com/cryptonewsalerts
One of the best buy indicators in Bitcoin flashed this week, suggesting the BTC price is primed to explode.
The Hash Ribbons Indicator created by Charles Edwards uses the thirty-day and sixty-day moving averages of the Bitcoin hash rate to determine when miner capitulation has occurred, and uses this to estimate local BTC bottoms.
Hash ribbons serve as such an effective and historically accurate buy indicator for bitcoin because it uses the changes in bitcoin hash rate to measure miner capitulation in the bitcoin market.
In other trending Bitcoin News today: $400 Billion Hedge Fund Neuberger Berman Approved to Receive Access to Bitcoin and Ethereum!
The $400 billion investment management firm, Neuberger Berman, recently announced adding exposure to BTC and Ether derivatives and investment vehicles as part of the firmâs fund strategy.
đ„ Subscribe on Spotify: http://spotify.cryptonewsalerts.net
đ„ Subscribe on iTunes: http://itunes.cryptonewsalerts.net
đ„ Follow on Twitter: https://twitter.com/CryptoNewsYes
đ„ Join our Private Crypto FB group: âș http://fb.cryptonewsalerts.net
đ„ Join our Private Crypto Telegram group: âș http://telegram.cryptonewsalerts.net
đ„ Binance â Buy, Sell or Trade Over 400 Altcoins: âș http://binance.cryptonewsalerts.net
đ„ [IMPORTANT] â Secure your crypto with a Trezor or Ledger hardware wallet:
Trezor: âș http://trezor.cryptonewsalerts.net
Ledger: âș 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:
https://bitcoinmagazine.com/markets/buy-indicator-shows-bitcoin-price-will-explode
https://bitcoinmagazine.com/culture/cubas-bitcoin-revolution
https://cointelegraph.com/news/crypto-market-cap-returns-to-2t-for-the-first-time-since-may
You Might also like
-
BITCOIN WILL HIT NEW HIGH âIN NEAR TERMâ AS BUFFET EXISTS USD, SAYS MAX KEISER! 0K BTC PREDICTION
âĄïž Tap into OPM (Other Peopleâs Money): http://opm.cryptonewsalerts.net
The U.S. dollar is getting so weak that even Warren Buffett is getting out and Bitcoin (BTC) will see all-time highs, says Max Keiser.
In his latest forecast for macro, the RT host warned that safe havens would seriously outperform fiat.
Buffett, he implied, knew what was coming. âBuffettâs move into Japan, along with his gold investment, confirms heâs getting out of USD bigly,â Keiser wrote on Twitter on Monday.
âUSD is trending lower today, about to break key support. Bitcoin â Gold â Silver Will all make new ATH in the near term.â
He was referring to Buffettâs move into Japanese assets, taking a 5% stake in the countryâs five biggest trading houses in a move totaling $6 billion, Reuters reported.
âThe five major trading companies have many joint ventures throughout the world and are likely to have more. I hope that in the future there may be opportunities of mutual benefit,â the publication quoted him saying.
The announcement came days after the Federal Reserve confirmed that it would let inflation rise above its 2% target as a temporary measure, something that weighed heavily on the dollar.
After volatility, the USD currency index (DXY) began plunging to new depths on Monday, bouncing off its lowest levels in two years.
Late in July, when those levels first appeared, Bitcoin saw a price jump to $12,500.
As Cointelegraph reported, expectations remain that further dives in the DXY will produce similar effects.
Buffett, meanwhile is well known for his macro moves, even as he remains a steadfast Bitcoin skeptic.
Last week, the so-called âBuffett Indicatorâ warned about a stock market crash, even as large-cap equities continued their climbs higher.
Prior to that, Anthony Pompliano, co-founder of Morgan Creek Digital, publicly bet on Buffett eventually buying Bitcoin after he revealed his move into gold.
At the time, Keiser claimed that the gold entry alone would spark a run among investors, helping push BTC/USD to $50,000. P
erhaps Buffettâs most famous quip about Bitcoin is from 2018 when he referred to cryptocurrency as ârat poison squared.â
In other trending Bitcoin News today:
Federal Reserveâs Major Policy Shift to âPush Up Inflationâ Could Send Bitcoin Price to $500K
The U.S. Federal Reserve has announced a significant policy change to push up inflation. Bitcoin is set to greatly benefit from this policy change.
Not only the price of bitcoin could surge past $500K, but a number of companies have also begun moving their reserves into the cryptocurrency to hedge against higher inflation.
Bitcoiners view the Fedâs announcement as bullish. Following Powellâs speech, a number of people took to social media to remind others of the benefits bitcoin offers.
Mimesis Capital Louis Liu wrote, âPowell is friend of bitcoin,â while many others chimed in to just say âbuy bitcoin.â
Abra CEO Bill Barhydt commented:
âBitcoin doesnât need the Fed to succeed but if they insist on throwing gasoline on the fire then so be it.â
âThe Fed, under the leadership of Jerome Powell, continues to be Bitcoinâs biggest booster,â Gemini Exchange co-founder Tyler Winklevoss wrote.
He made a case on Thursday for a $500K bitcoin as âultimately the only long-term protection against inflation.â
He explained that the price of the cryptocurrency could appreciate 45 times from todayâs price, meaning it could hit $500K per coin or even higher.
Follow Us:
đ„ Blog/Podcast: http://CryptoNewsYes.com
đ„ Subscribe on YouTube: http://CryptoNewsAlerts.net
đ„ Subscribe on iTunes: http://itunes.cryptonewsalerts.net
đ„ Subscribe on Stitcher: http://stitcher.cryptonewsalerts.net
đ„ Subscribe on TuneIn: http://tunein.cryptonewsalerts.net
đ„ Follow on Twitter: https://twitter.com/CryptoNewsYes
đ„ Join our Private Crypto FB group: âș http://fb.cryptonewsalerts.net
đ„ Join our Private Crypto Telegram group: âș http://telegram.cryptonewsalerts.net
đ„ Binance â Buy, Sell or Trade Over 400 Altcoins: âș http://binance.cryptonewsalerts.net
đ„ [IMPORTANT] â Secure your crypto with a Trezor or Ledger hardware wallet:
Trezor: âș http://trezor.cryptonewsalerts.net
Ledger: âș 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:
$BTC #BITCOINBullish. Reached the $12,000 area that I’ve pointed since the low.
Would like to see consolidation above $11,600 here. If that happens, we’ll most likely see a rally towards $12,400 and new highs. $ETH already painting the way. pic.twitter.com/Kcf6y8PvRF
â Crypto MichaĂ«l (@CryptoMichNL) September 1, 2020
Buffettâs move into Japan, along with his $GOLD investment, confirms heâs getting out of $USD BIGLY $USD is trending lower today, about to break key support #Bitcoin â Gold â Silver
Will all make new ATH in the near term
â Max Keiser (@maxkeiser) August 31, 2020
https://news.bitcoin.com/federal-reserve-inflation-bitcoin-price-500k/
https://cointelegraph.com/news/huge-ethereum-buy-wall-sends-eth-to-a-19-month-high-against-bitcoin
https://cointelegraph.com/news/bitcoin-will-hit-new-high-in-near-term-as-buffett-exits-usd-keiser
Post Views: 281 -
BITCOIN HITS 'HISTORIC' NEW ALL-TIME HIGH UNDERGOING ITS 3RD PARABOLIC ADVANCE IN THE PAST DECADE!!
đ° BlockFi: Up To $250 Bitcoin Bonus: https://blockfi.com/cryptonewsalerts
Bitcoin (BTC) hit new lifetime highs of more than $51,700 on Feb. 17 as it tackled what trader Peter Brandt confirms is a âparabolic advance.â
Data from Cointelegraph Markets and TradingView showed BTC/USD passing the $50,000 resistance level again on Wednesday, this time continuing into uncharted territory.
Tuesday had seen Bitcoin hit $50,000 for the first time ever, that level nonetheless failing to hold for more than a matter of minutes.
With its return, the largest cryptocurrency is in a âparabolic advanceâ â the fourth in its twelve-year history, analysts say.
âBig picture $BTC Bitcoin is undergoing its third parabolic advance in the past decade,â Brandt tweeted alongside an annotated price chart.
âA parabolic advance on an arithmetic scale is extremely rare â three on a log scale is historic.â
Responding, Kraken growth lead Dan Held noted that if counting its initial phase prior to 2012, there have in fact been four parabolic advances.
Brandt added that should the advance be violated, a correction of 80% is âmost commonâ as a bearish consequence. Such behavior was observed in 2018 after Bitcoin peaked at near $20,000 â the market bottomed out at $3,100 one year later.
As Cointelegraph reported, various indicators nonetheless suggest that Bitcoin is far from violating any uptrend, being at the start, rather than the end of its bull run.
â$50,000 #Bitcoin is the new normal,â Blockstream CSO Samson Mow declared on Wednesday.
Discussing the new price highs, others noted that macro factors could converge to create a chain reaction of adoption, which would push Bitcoin further still into price discovery.
âIf you think $50,000 a bitcoin is expensive, wait until you hear that the government is about to print $1,900,000,000,000 out of thin air,â popular Twitter account Documenting Bitcoin added.
Data meanwhile showed that Bitcoin had taken the momentum out of altcoin growth with its moves over the last few days, with all of the top ten cryptocurrencies except Polkadot (DOT) seeing sideways price action.
In other trending Bitcoin News today:
Bitcoin Selling At 36% Premium In Nigeria
Itâs been roughly 11 days since the Central Bank of Nigeria banned all regulated financial institutions from providing services to cryptocurrency exchanges in the country. At the risk of stiff penalties, all banks and institutions were directed to close crypto-related firmsâ accounts immediately.Â
In the wake of the controversial move, public interest in Bitcoin (BTC) in Nigeria continues to outstrip other countries, according to the latest available data from Google Trends. Even more stark is the hefty 36% premium on Bitcoinâs price as of the time of writing, Feb. 16.
The premium translates into a $71,150 price tag per Bitcoin, as compared with the average spot market price of $51,314 calculated in Cointelegraphâs price index. The premium is also incomparable to the five next largest premiums globally at present: 3.24% in South Africa, and between 1% and 3% in Argentina, Peru, Malaysia and Vietnam.
As a Cointelegraph analysis outlined last week, the immediate impact of the central bank ban appears to have done little to quell what its author dubbed the âhyperbitcoinizationâ of retail trading culture in the country.Â
đ„ Daily Letter: http://letter.cryptonewsalerts.netââââââ
đ„ Blog/Podcast: http://CryptoNewsYes.com
đ„ Subscribe on YouTube: http://CryptoNewsAlerts.net
đ„ Subscribe on Spotify: http://spotify.cryptonewsalerts.net
đ„ Subscribe on iTunes: http://itunes.cryptonewsalerts.net
đ„ Follow on Twitter: https://twitter.com/CryptoNewsYes
đ„ Join our Private Crypto FB group: âș http://fb.cryptonewsalerts.net
đ„ Join our Private Crypto Telegram group: âș http://telegram.cryptonewsalerts.net
đ„ Binance â Buy, Sell or Trade Over 400 Altcoins: âș http://binance.cryptonewsalerts.net
đ„ [IMPORTANT] â Secure your crypto with a Trezor or Ledger hardware wallet:
Trezor: âș http://trezor.cryptonewsalerts.net
Ledger: âș 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:
đšHUGE NEWSđš
Morgan Stanley has put in an application to the SEC to launch a #Bitcoin ETF!
Thia is the first Bitcoin ETF application filed this year.
If an ETF is approved #BTC price will sky rocket in minutes! đ
(Source: Coinspeaker) pic.twitter.com/Mb8XTDPwZX
â NebraskanGoonerđ (@nebraskangooner) February 17, 2021
Big picture $BTC
Bitcoin is undergoing its third parabolic advance in the past decade. A parabolic advance on an arithmetic scale is extremely rare â three on a log scale is historic pic.twitter.com/fyyM5Ws6N5â Peter Brandt (@PeterLBrandt) February 16, 2021
https://cointelegraph.com/news/bitcoin-selling-at-36-premium-in-nigeria
Post Views: 340 -
BITCOIN ONLY IN âHALFWAY INTERMISSIONâ ON TRACK TO GO ABOVE $300K THIS BTC BULL CYCLE SAYS ANALYST!!
đ° BlockFi: (Up To $250 Bitcoin Bonus) https://blockfi.com/cryptonewsalerts
Prominent on-chain data analyst Willy Woo says that Bitcoin is currently resting at a âhalfway intermissionâ before it blasts off into potential gains of as high as 733%.
According to his BTC price models, Woo says heâs got his eye on the $300,000 level but is ready for an overshoot well past $400,000 per Bitcoin.
âThe longer this bull market runs the higher the target goes, and right now itâs so fast⊠Right now itâs on track to go above $300,000.âÂ
In other trending Bitcoin News today:
Trader Who Predicted Bitcoin Crash Says Epic Bounce to $70,000 Imminent
The trader who nailed Bitcoinâs violent collapse from above $60,000 to the lows of $50,000 is now predicting that the leading crypto asset will ignite an epic bounce and restart its bull market.
đ„ Daily Letter: http://letter.cryptonewsalerts.netââââââ
đ„ Blog/Podcast: http://CryptoNewsYes.com
đ„ Subscribe on YouTube: http://CryptoNewsAlerts.net
đ„ Subscribe on Spotify: http://spotify.cryptonewsalerts.net
đ„ Subscribe on iTunes: http://itunes.cryptonewsalerts.net
đ„ Follow on Twitter: https://twitter.com/CryptoNewsYes
đ„ Join our Private Crypto FB group: âș http://fb.cryptonewsalerts.net
đ„ Join our Private Crypto Telegram group: âș http://telegram.cryptonewsalerts.net
đ„ Binance â Buy, Sell or Trade Over 400 Altcoins: âș http://binance.cryptonewsalerts.net
đ„ [IMPORTANT] â Secure your crypto with a Trezor or Ledger hardware wallet:
Trezor: âș http://trezor.cryptonewsalerts.net
Ledger: âș 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:
#marketupdate, breaking it down, post mortem.
We just saw the single largest 1-day drop in mining hash rate since Nov 2017. The hash rate on the network essentially halved, causing mayhem in BTC price as it crashed. pic.twitter.com/zzdgDikjXt
â Willy Woo (@woonomic) April 18, 2021
Trader Who Predicted Bitcoin Crash Says Epic Bounce to $70,000 Imminent
https://cointelegraph.com/news/china-endorses-btc-investment-5-things-to-watch-in-bitcoin-this-week
Post Views: 295