THIS BITCOIN FRACTAL COULD DRIVE PRICE TO $390,000 THIS BULL CYCLE PEAK!! BTC FUTURES ETF LAUNCH!!

➡️ Tap into OPM (Other People’s Money): http://opm.cryptonewsalerts.net

Evaluating past Bitcoin price performance, a popular cryptocurrency proponent noted that the BTC price could “moon” to $430,000 by late 2021.

Although history is not a precise indicator for future price developments, a popular cryptocurrency analyst made a compelling forecast showing that if Bitcoin repeats its 2016-2017 bull run with the same percentage increases, it will end up at $430,000 in 2021.

The primary cryptocurrency has built a reputation for beating unfavorable odds in the past.

Its volatility is well-known among investors with some historical price surges and drops. 

According to the popular cryptocurrency analyst CryptoBull, if Bitcoin is to repeat its performance over the past bull run, it could end up at $430,000.

He based his views on previous multi-year cycles.

BTC reached a top in late 2013 at above $1,000 before it entered a bearish market for the next two and a half years.

It finally managed to break above the long resistance in mid-2016 and, in doing so, began one of the most impressive bull runs in its relatively short history.

In the next year and a half, Bitcoin went from $420 to an all-time high of nearly $20,000 in December 2017.

This equaled a surge of approximately 4,600%.

After the parabolic price increase of 2017/2018, BTC went again into a negative spiral for about two and a half years.

CryptoBull pointed out that it broke out of the resistance after it conquered $9,400 a few weeks ago.

As such, since the two scenarios appear identical so far, another similar increase of 4,600% will take the asset to a record of $430,000.

Per CryptoBull’s chart, BTC could reach $430,000 in late 2021.

Perhaps this sounds a bit far-fetched to most now since Bitcoin has just entered the low five-figure price range.

Additionally, with over 18,5 million bitcoins mined by then, this would skyrocket the asset’s total market cap to $7,955,000,000,000 (almost $8 trillion).

This will place Bitcoin very close to the current gold’s market cap of over $10 trillion.

In other trending Bitcoin news today:

Best Weekly Close Since $20K? 5 BTC Price Factors to Watch This Week

Looming Bitcoin futures gaps and mainstream interest are providing the perfect environment for another week of volatility.

Bitcoin (BTC) begins a new week at over $11,000 after a wild weekend saw the market crash $1,200 in minutes — will the chaos continue?

Here’s five factors that could easily impact Bitcoin price action over the coming days:

1. Bitcoin futures gaps keep building

More than usual, this week looks set to be big in terms of Bitcoin-specific market phenomena. 

2. Warnings over US dollar’s downfall

The situation is precarious — Bitcoin’s rise over the past few weeks has come as the dollar sees a protracted fall.

At the same time, investors have rushed into safe havens such as gold and silver.

3. Gold on track for $2,000

Gold sentiment may act as a precursor to any changes in Bitcoin’s progress.

The precious metal remains at all-time highs in USD terms, on track to pass the psychologically significant $2,000 mark.

4. Consumer BTC interest is palpable

“People are trying to jump on momentum.

The entire crypto market is a microcosm of everything happening in stocks,” analyst Mati Greenspan summarized to the Wall Street Journal.

5. Altcoins aren’t done yet

Bitcoin is still tussling with altcoins in terms of profitability, with Ether continuing to crush long-term resistance on multiple timeframes.

Follow Us:

🔥 Blog/Podcast: http://CryptoNewsYes.com

🔥 Subscribe on YouTube: http://CryptoNewsAlerts.net

🔥 Subscribe on iTunes: http://itunes.cryptonewsalerts.net

🔥 Subscribe on Stitcher: http://stitcher.cryptonewsalerts.net

🔥 Subscribe on TuneIn: http://tunein.cryptonewsalerts.net

🔥 Follow on Twitter: https://twitter.com/CryptoNewsYes

🔥 Join our Private Crypto FB group: ► http://fb.cryptonewsalerts.net

🔥 Join our Private Crypto Telegram group: ► http://telegram.cryptonewsalerts.net

🔥 Binance – Buy, Sell or Trade Over 400 Altcoins: ► http://binance.cryptonewsalerts.net

🔥 [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:

https://cointelegraph.com/news/goldman-sachs-gold-will-hit-2-300-by-2022-what-about-bitcoin

https://cointelegraph.com/news/best-weekly-close-since-20k-5-btc-price-factors-to-watch-this-week

https://cryptopotato.com/if-history-repeats-bitcoin-price-at-430000-during-next-bull-run/

➡️ OPM Wealth: http://opm.cryptonewsalerts.net

BITCOIN BTC DOMINANCE DOWN 11%

Bitcoin has started to consolidate just above the $10k mark but altcoins are still climbing which has pushed BTC dominance to an eight-month low.

Has the alt season finally arrived? Since the beginning of this year, the BTC market share has declined by almost 11%.

By the end of last year it had topped 70% but today it has dropped to 62.5% according to Tradingview.

This is the lowest it has been since early July 2019. The Bitcoin price itself has made around 44% this year in a climb from just under $7,200 to top out at $10,500 a couple of days ago.

These gains are impressive when compared to any other asset such as gold which has only managed just over 4% in the same period.

However, in the world of cryptocurrencies, these gains have been eclipsed by some of the altcoins, several of which have surged by three figures since the beginning of the year.

Total market capitalization itself is up over 60% since New Year’s Day as the rest of the cryptocurrencies out-perform their big brother.

Total crypto market cap topped $300 billion this week which is the highest it has been since early August last year.

XRP Price Hits 7-Month High as BitMEX Users Reel From 60% Flash Crash BitMEX continues to field major criticism and even anger from traders who lost huge amounts of money in a flash crash involving altcoin Ripple XRP.

The crash, which occurred at 14.00 UTC on Feb. 13, saw XRP/USD fall 60% from $0.33 to just $0.13 – for two seconds.

In that time, traders complain, measures designed to prevent liquidations of positions failed to activate, and BitMEX automatically erased their entire balances.

BitMEX is well known for offering trades with significant leverage. In the case of XRP, traders are able to leverage by up to 50 times.

Follow Us:

➡️ [PODCAST PROMO] Get $25 In Free CMDX Tokens from our sponsor: http://promo.cryptonewsalerts.net

🔥 Blog/Podcast: http://CryptoNewsYes.com

🔥 Subscribe on YouTube: http://CryptoNewsAlerts.net

🔥 Subscribe on iTunes: http://itunes.cryptonewsalerts.net

🔥 Subscribe on Stitcher: http://stitcher.cryptonewsalerts.net

🔥 Subscribe on TuneIn: http://tunein.cryptonewsalerts.net

🔥 Follow on Twitter: https://twitter.com/CryptoNewsYes

🔥 Join our Private Crypto FB group: ► http://fb.cryptonewsalerts.net

🔥 Join our Private Crypto Telegram group: ► http://telegram.cryptonewsalerts.net

🔥 Binance – Buy, Sell or Trade Over 400 Altcoins: ► http://binance.cryptonewsalerts.net

🔥 [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:

Look urself in the mirror first dude and ask yourself, “who am I ? What am I?” You need it seriously.

— CRYPTO BUDDHA (@AntonioB162738) February 13, 2020

https://cointelegraph.com/news/xrp-price-hits-7-month-high-as-bitmex-users-reel-from-60-flash-crash

https://bitcoinist.com/bitcoin-dominance-drops-to-8-month/

➡️ TEEKA TIWARI – 5 Coins To $5 Million: http://final5.cryptonewsalerts.net

The world will be “nasty” if Bitcoin hits stock-to-flow’s BTC price predictions of $288,000 and higher, PlanB warns, as governments will fight for it.

The creator of the Bitcoin price model, which forecasts $288,000 for BTC/USD by 2024 will “go dark” if his BTC predictions come true.

Speaking on the latest edition of the Stephan Livera podcast on May 5, PlanB warned about the implications of his Bitcoin bull scenario. 

Stock-to-flow’s latest incarnation, S2FX, was released last week and increased its average Bitcoin price expectations five times compared to the previous version. For PlanB, despite the obvious satisfaction of BTC/USD increasing by an order of magnitude in line with stock-to-flow, the result would not be without its problems.

“I will go dark if the model is successful because if the model is successful, it will not be a pretty picture,” he said.  “It will be nasty, it will (be) maybe war — people have Bitcoins, some people don’t have Bitcoin, it’ll be some countries have Bitcoins, some won’t have Bitcoins, it will be the U.S. dollar losing its reserve status, it will be geopolitical, it will be military.”

In other trending Bitcoin News today:

Bitcoin Whales Have Been Buying En-Masse Since Early-2020: “Macro Bullish” Sign

Unlike traditional assets, where many transactions are hidden, Bitcoin is almost entirely transparent. 

One may not know who made a transaction or who owns an address, yet people can gain access to data of transactions.

It is a nearly inescapable fact that many have used to their advantage.

One can analyze the data in order to get an edge over their fellow investors and users. Noted on-chain analyst Willy Woo made this much clear, recently saying that Bitcoin data is printing a “macro bullish sign.”

Citing data from Glassnode, Willy Woo on May 5th noted that the population of large Bitcoin holders (1,000+ coins) has increased strongly since January’s lows.

This indicates these users have been in “solid accumulation mode,” which is a “macro bullish” trend:

“Whale population spotted increasing in the wild. They’ve been in solid accumulation mode since January unperturbed by the COVID crash.

This is macro bullish,” Woo said With just 5 more days to go until the infamous Bitcoin Halving, notably, retail investors have also been found to have recently been buying BTC.

Follow Us:

🔥 Blog/Podcast: http://CryptoNewsYes.com

🔥 Subscribe on YouTube: http://CryptoNewsAlerts.net

🔥 Subscribe on iTunes: http://itunes.cryptonewsalerts.net

🔥 Subscribe on Stitcher: http://stitcher.cryptonewsalerts.net

🔥 Subscribe on TuneIn: http://tunein.cryptonewsalerts.net

🔥 Follow on Twitter: https://twitter.com/CryptoNewsYes

🔥 Join our Private Crypto FB group: ► http://fb.cryptonewsalerts.net

🔥 Join our Private Crypto Telegram group: ► http://telegram.cryptonewsalerts.net

🔥 Binance – Buy, Sell or Trade Over 400 Altcoins: ► http://binance.cryptonewsalerts.net

🔥 [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:

Lol, this is not a tweet stating that it’s going to moon or what. Just in general doing pretty well.

Even a retrace to mid $6k is still ‘pretty well’ for $BTC.

— Crypto Michaël (@CryptoMichNL) May 5, 2020

I admit I like to rile you guys up. Once #Bitcoin collapse I won’t be able to do it as much. So I need to make hay while the sun shines, as it won’t shine for long.

— Peter Schiff (@PeterSchiff) May 5, 2020

https://cointelegraph.com/news/bitcoin-price-criss-crosses-9k-as-peter-schiff-warns-of-collapse

https://cointelegraph.com/news/bitcoin-stock-to-flow-creator-will-go-dark-if-btc-price-hits-6-figures