THIS ONE CATALYST CAN SEND BITCOIN INTO THE STRATOSPHERE!! 3 REASONS BTC DON’T CARE ABOUT ELON MUSK!

➡️ Teeka Tiwari – Investment of the Decade:  http://2020.cryptonewsalerts.net

The price of Bitcoin (BTC), the top-ranked cryptocurrency by market capitalization, has been ranging between $8,600 and $10,500 since the Bitcoin halving.

During the two-months’ sideways action, the market started to heat up and altcoins entered the spotlight.

Additionally, traders and investors are constantly debating whether BTC price is still in bull or bear territory.

Let’s take a closer look at both scenarios. The bullish scenario for Bitcoin The bullish scenario has a few crucial points.

First of all, the support at $8,900-9,000 has to hold.

If this support is lost, BTC/USD will likely drop below $8,550-8,750 into bearish territory.

Second, the key resistance at $9,300 has to break for a potential rally toward $9,650.

Since this level is untested, it would be the first pivot point for more upside.

This previous resistance of $9,300 has to flip for support for a move higher.

However, as long as the price of Bitcoin remains below $10,500, it’s expected that the volume of the move will be small.

A big breakout would occur if the resistance zone of $10,000-10,500 is finally conquered as many triggers would be hit.

It wouldn’t be a surprise to see a quick rise within a few hours to the next major resistance zone at $11,600.

The bearish scenario for Bitcoin The bearish scenario is also heavily dependent on the $9,300 level.

If that level rejects again, a retest of support at $8,800-8,900 should be expected and the weaker this support will become, increasing the chances for more downside.

With $9,300 holding as resistance, a retest of $8,800-8,900 would likely result in another drop.

Going below the $8,600 level could also see a high-volume drop because this means that the range of the past two months would be lost.

If the price of Bitcoin drops below $8,600, I’m expecting a fast drop towards $7,400-7,700 without many opportunities for shorts.

Holding the current support and the 1-day support levels would mean that the market is still in great shape.

In other trending Bitcoin News today:

Prominent Bitcoin Whale Predicts Mass Altcoin Extinction Ahead of Next BTC Rally

A prominent Bitcoin whale who made a name for himself by ranking at the top of the Bitfinex trading leaderboard says he believes a massive altcoin purge will happen before the next BTC leg up.

In a new tweet, trader Joe007 says the altseason predicted by many is not on the horizon.

“My view is that shitcoin mass extinction event will likely precede next Bitcoin rally. Make of it what you will.”

The crypto strategist is also bearish on the king cryptocurrency in the short term.

He’s predicting a massive shakeout that rivals the coronavirus-induced sell-off in March.

“A lot of people are expecting a downleg, yes. But the question is – are they prepared to buy into a real dump, like a repeat of early March – or worse?”

Despite his short-term outlook on BTC, Joe says he remains a long-term bull on the dominant cryptocurrency. “If I thought BTC would go to zero, why would I accumulate it and keep net long position at all times?… Bitcoin market is a relentless tug of war between actors who want to use Bitcoin to accumulate fiat profits and actors who want to use fiat (or fiat-substitutes) to accumulate more BTC.”

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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:

A lot of people are expecting a downleg, yes. But the question is – are they prepared to buy into a real dump, like a repeat of early March – or worse?

— ʲᵒᵉ🔴🔴7 (@J0E007) July 4, 2020

My view is that shitcoin mass extinction event will likely precede next Bitcoin rally. Make of it what you will.

— ʲᵒᵉ🔴🔴7 (@J0E007) July 3, 2020

IMO $BTC is about to run: Friday was the lowest volume, smallest range candle I’ve ever seen. Calm before the storm?

Up or down IDK, thinking down more likely, maybe 8.7k. Will manage risk tightly because being offside would be costly AF. pic.twitter.com/c2ob65hNex

— SalsaTekila (@SalsaTekila) July 4, 2020

Why One Top Bitcoin Trader Believes Now is the “Calm Before the Storm”

https://cointelegraph.com/news/bored-with-bitcoin-this-btc-price-level-is-key-for-a-big-breakout

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

Bitcoin pioneer Max Keiser, RT host of the Keiser Report went on an epic Twitter rant about BTC having enough interest right now to overthrow government, fiat currency and the central banking system.

“We have enough interest in Bitcoin now to overthrow fiat and central banks. We don’t need any new Bitcoiners. If you’re not aboard, there’s still time, but not much. Severe shortages are developing and we may see a gap between $20,000 and $200,000 before any liquidity again.”

“I spent ten years educating people about Bitcoin. Now it’s time to pull up the drawbridge ($20,000) and overthrow fiat money and central bankers and watch panic-buying by HNWI gap the price to $200,000.”

“Bitcoiners should avoid regulators. They are poison. Just focus on getting large funds and HNWI to panic-buy BTC to trigger a gap to $200,000, then we can overthrow government as well as fiat money and central bankers. (Yellen combining Treas. Dept. with Fed makes it easier).”

In other trending Bitcoin News today: 

On-Chain Analyst Says Bitcoin Hodlers Are Only Getting Stronger

According to on-chain analyst Willy Woo, the price of Bitcoin (BTC) could achieve a “conservative” target of $200,000 in 2021. The prediction revolves around the fact that long-time investors seem more confident in the recent rally.

There are two key data points that suggest Bitcoin’s ongoing rally could explode higher. First, “HODLers,” or long-time BTC holders, aren’t moving their funds for longer than in previous rallies. Second, BTC held on exchanges continues to decrease, which reduces selling pressure.

The re-accumulation of Bitcoin has remained a consistently bullish trend throughout 2020. It has continuously decreased the selling pressure on BTC, allowing a more stable rally without major 30%-40% corrections as frequently seen in 2017.

Woo noted that he is bullish for 2021 because Bitcoin’s re-accumulation phase means the amount of BTC that could be sold is much lower compared to the previous bull cycle. He said:

“I’ve never been so bullish for 2021. This re-accumulation phase coincides with spot market inventory depletion roughly 2x longer and deeper than the last cycle. It will send BTC.”

Atop the declining Bitcoin reserve on exchanges, Woo found that HODLers are “holding stronger.” In 2017, the amount of gain per the amount of capital invested in Bitcoin hovered at around $0.25. This figure increased to $0.35 in 2020, which means more investors expect event bigger profits in the future.

Based on the combination of the two optimistic on-chain trends, Woo said that Bitcoin could achieve a  “conservative price” of $200,000 by the end of 2021. He explained:

“My Top Model suggesting $200k per BTC by end of 2021 looks conservative, $300k not out of the question. The current market on average paid $7456 for their coins. You all are geniuses.”

As reported in May, Bitcoin HODL wave data also supports the argument the HODLers from the 2017-2018 bull cycle aren’t selling at these relatively high prices, including high-net worth individuals or “whales.”

However, this data also suggests that some earlier HODLers from three to seven years ago are taking profit after a prolonged BTC rally, heightening the chances of a correction in the short term.

Willy Woo has been calling for an extended Bitcoin bull run since March 2020.

On Mar. 4, Woo told Max Keiser, the host of RT’s Keiser Report, that Bitcoin could hit $135,000 in the bull run. He said at the time:

“You go could 35 times the cumulative average of the price — and that’s actually picked every single top in the ten-year history of Bitcoin — right now that’s sitting above $50,000, but it keeps climbing the longer it runs for.”

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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:

We have enough interest in #Bitcoin now to overthrow fiat and central banks. We don’t need any new Bitcoiners. If you’re not aboard, there’s still time, but not much.

Severe shortages are developing and we may see a gap between $20,000 and $200,000 before any liquidity again.

— Max Keiser (@maxkeiser) December 5, 2020

#bitcoin and central bank balance sheets (money ‘printing’) have gone hand in hand last 10 years .. but now BTC is lagging behind .. about two orders of magnitude (100X). Room for growth? pic.twitter.com/zAXN93qlTJ

— PlanB (@100trillionUSD) December 6, 2020

Views on 2021 (THREAD):My Top Model suggesting $200k per BTC by end of 2021 looks conservative, $300k not out of the question.

The current market on average paid $7456 for their coins. You all are geniuses. pic.twitter.com/5t1pHXwE0b

— Willy Woo (@woonomic) December 1, 2020

https://cointelegraph.com/news/it-will-send-btc-on-chain-analyst-says-bitcoin-hodlers-are-only-getting-stronger

https://cointelegraph.com/news/3-key-metrics-to-watch-as-bitcoin-price-tries-to-top-20-000

💰 BlockFi: (Up To $250 Bitcoin Bonus) https://blockfi.com/cryptonewsalerts

“Facebook will announce they hold Bitcoin on their books when they release their quarterly results after trading closes tomorrow”, according to popular crypto investor Alistair Milne, CIO of Altana Digital Currency Fund. If this rumor is in fact true then this is major news for not only BTC but the entire cryptocurrency market.

In other trending Bitcoin News today, BTC price breaks $55K as fund manager Dan Tapiero ‘still sees $100K’ in 2021. 

“A very rare td buy signal in bitcoin. Last one came right at the March ’20 low. Still see 100k this yr. Overwhelmed with calls of panic last few days over what is unchanged price action…ie still at 50k. Hodl is the only way to be long without emotion.”

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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:

RUMOUR: Facebook will annouce they hold #Bitcoin on their books when they release their quarterly results after trading closes tomorrow

— Alistair Milne (@alistairmilne) April 27, 2021

A very rare td buy signal in #bitcoin.Last one came right at the March ’20 low.Still see 100k this yr.

Overwhelmed with calls of panic last few days over what is unchanged price action…ie still at 50k.#Hodl is the only way to be long without emotion.

H/T JB on the chart pic.twitter.com/mx9MSmfsRe

— Dan Tapiero (@DTAPCAP) April 27, 2021

https://cointelegraph.com/news/i-have-not-sold-any-of-my-bitcoin-elon-musk

https://cointelegraph.com/news/bitcoin-price-nears-55k-as-fund-manager-still-sees-100k-in-2021