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

Crypto analyst Nicholas Merten says Bitcoin may be only a couple of months away from surpassing its all-time high BTC price of $20,000.

On a new episode of DataDash, Merten looks at the boom and bust cycles of Bitcoin and says it is well-positioned to begin a parabolic rally.

“There’s a really interesting similarity that I’m seeing here when I take a look at the monthly chart of Bitcoin and the sense that has given me confidence that we’re just a couple of months away from getting back above $20,000. 

The first thing I want to focus on is the longer-term chart, the expanding cycles. We talked about this: about how each new cycle usually expands by around 11 to 13 months.

In this case, we added 12 months for the previous one just to keep it neutral and we’re expecting sometime in November 2022 to be the peak around $100,000.”

The crypto strategist says that his $100,000 BTC prediction is conservative, especially in comparison to other analysts who forecast Bitcoin surging as high $500,000.

Once BTC begins printing new highs, Merten believes a rising tide will lift all boats and spark a new altcoin season.

The analyst says that the Bitcoin dominance chart is already flashing signals that are similar to the 2015 – 2017 altcoin bull market.

“I think this historical similarity is a good sign that we could be in an early stage of an altcoin cycle coming up here very soon. And not to mention, during this time period, even though the broader altcoin space hasn’t really kicked off yet, we have got from 72% to 66% for market dominance for Bitcoin.

That’s gains for the altcoin space in general… If you are in the right place here even in these early moves, you can benefit quite greatly if you start to make the right calls.”

Merten believes that the new altcoin spring will be spearheaded by Ethereum.

He says the second-largest cryptocurrency is primed to erupt in a few months. “What we want to look for is an eventual breakout above this wedge and a continuation of higher lows and higher highs.

It looks like we’re formulating for that sometime around in the fall to the winter of 2020, lining up pretty close to our general estimations from what we can tell about altcoin dominance as well as Bitcoin.”

In other trending Bitcoin News today:

New Bitcoin Model Predicts BTC Will Shatter $100,000 Without Stock-to-Flow – Here’s How

A new Bitcoin price model sweeping across the cryptoverse predicts BTC will hit $100,000 – without relying on the popular yet controversial stock-to-flow (S2F) model.

In a tweetstorm, analyst Croesus says that PlanB’s S2F model, which forecasts BTC’s rise to $100,000 by 2021, has a lot of naysayers because it predicts Bitcoin rising dramatically in a relatively short period of time.

But Croesus points out that critics of the model fail to take into account the exponential increase that comes with the adoption of new technology, whether it is social media or Bitcoin.

The pseudonymous analyst assumes that Bitcoin has a total addressable market of 2.2 billion users based on the number of individuals in the world with a net worth of at least $10,000.

Croesus says that Bitcoin has a current market penetration of 10 million users based on the number of addresses holding less than $1,000 worth of BTC and including balances in crypto exchanges as well as ownership of Bitcoin derivatives.

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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:

➡️ TEEKA TIWARI – Investment of the Decade: http://2020.cryptonewsalerts.net

“Rich Dad Poor Dad” Author Predicts $75,000 Bitcoin Price By 2023

It has been hard to miss the recent tweets from BTC bull Robert Kiyosaki. 

The Vietnam veteran — best known for his book “Rich Dad Poor Dad” on financial wellness and success — has been putting his foot to the gas recently in promoting the leading cryptocurrency, gold, and silver.

He doubled down on this recently, asserting in a tweet that he thinks Bitcoin could hit $75,000 in the coming three years. In a semi-viral tweet published May 16th, Kiyosaki suggested that with the “economy dying” and “hope” fading, he’s growing especially bullish on Bitcoin, gold, and silver.

The author-entrepreneur is so bullish on these assets, in fact, that he predicted a $75,000 Bitcoin price within the next three years, along with a near-doubling of gold’s price in a year, and a doubling of silver’s price in the coming five years.

“ECONOMY dying. FED incompetent. Next BAILOUT trillions in pensions. HOPE fading. Bought more gold silver Bitcoin. GOLD @$1700. Predict $3000 in 1 year. Silver @ $17. Predict $40 in 5 years. Bitcoin @$9800. Predict $75000 in 3 years. PRAY for the BEST-PREPARE for the WORST.”

The reason why he’s so bullish on Bitcoin and precious metals is that he thinks the actions by the world’s governments and central banks are propping up a system of “fake money” poised to collapse.

The “Rich Dad Poor Dad” author specifically cited the lack of interest rates, along with the quantitative easing programs by central banks, as a way to corroborate his point.

Kiyosaki believes that as a result of these macroeconomic trends, investors will flock to store of values and noncorrelated assets to secure their wealth in the long run.

And to him, the assets that can provide such security are precious metals and Bitcoin.

As the outspoken entrepreneur fittingly put it in April, Bitcoin is the “people’s money,” gold is “god’s money,” and fiat is “fake money.”

In other trending Bitcoin News today:

Bitcoin Price Charts Hint at the Most Exciting Breakout in Over a Year

If Bitcoin closes above $9200 this week, it’s an incredibly bullish sign — and perhaps the biggest since the 2017 bull run — for the coming weeks and months.

The price of the top-ranked cryptocurrency by market capitalization, Bitcoin (BTC), is set to explode in the coming week providing the weekly candle opens above $9,200.

This would signal the end of a 46-week descending channel that BTC/USD has been locked in since it nearly tapped $14,000 in the summer of 2019. 

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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:

ECONOMY dying. FED incompetent. Next BAILOUT trillions in pensions. HOPE fading. Bought more gold silver Bitcoin. GOLD @$1700. Predict $3000 in 1 year. Silver @ $17. Predict $40 in 5 years. Bitcoin @$9800. Predict $75000 in 3 years. PRAY for the BEST-PREPARE for the WORST.

— therealkiyosaki (@theRealKiyosaki) May 16, 2020

This started as a joke, but now I’m afraid I’ll never be able to log in to Twitter again without someone getting angry I don’t own Bitcoin. One day you’ll see a wizened old woman in the street, trying to trade a Harry Potter book for a potato. Be kind. She did try to understand.

— J.K. Rowling (@jk_rowling) May 15, 2020

https://cointelegraph.com/news/bitcoin-price-charts-hint-at-the-most-exciting-breakout-in-over-a-year

➡️ REPLAY: “The Crypto Catch-Up” – http://teeka.cryptonewsalerts.net

Bitcoin Pioneer Max Keiser, host of the Keiser Report went on record sharing, “BTC is the monetary black hole that will gobble up all fiat and rise to more than $100,000 doing it” back in 2018.

In fact Max has been telling his audience to buy Bitcoin since 2011, back when the cryptocurrency was trading at just $1.

In regards to his most recent BTC price prediction, Keiser shared on Crypto Twitter:

“$20,000 will get sliced through easily – then a pop to $28,000.”

Breaking News: The Bitcoin Price Has Only Been Higher Than Now For 12 Days In BTC History”

The Bitcoin (BTC) price, which is currently sitting at $16,320, has only been at this level or higher for 12 days in the coin’s entire 4,332-day history, representing just 0.28% of the cryptocurrency’s life.

Crypto analytics platform Messari published data stating that the closing price had exceeded $16,320 only on 12 other days, 10 of which occurred from Dec. 7 to 20 in 2017, with the highest close occurring on Dec. 16 at $19,378. 

Any investor who bought at the all-time high of $20,089 would still be down 18.35%. In contrast, investors who bought at this cycle’s low of $3,126 on Dec. 15, 2018, would be up 424%.

Of the other top 10 coins, only Chainlink (LINK) comes remotely close to Bitcoin, with the coin sitting above the current price of $12.70 for 2.7% of its life.

By contrast, the majority of altcoins are yet to enter proportionally rare price ranges. Ether’s (ETH) current price of $464 has been exceeded 201 days in the past, representing more than 10% of the entire 1,933 days since the Ethereum network went live.

XRP, Bitcoin Cash (BCH), Litecoin (LTC), Binance Coin (BNB), Polkadot (DOT) and Cardano’s ADA prices all vary between 9.7% and above 30%. BCH exceeds all other coins sitting above the current price of $258 for at least one-third of its life.

Bitcoin’s strong rise past $16,000 has also seen record volumes recently. With more than $5.5 billion in Bitcoin trading volume recorded on Nov. 5, only nine days have seen stronger volume in Bitcoin’s history.

Compared to this day in previous years, investors have seen profits of 88%, 2,275%, 4,326% and a staggering 5,833,991% for the years of 2019, 2016, 2013 and 2010, respectively.

In other words, investing $1 into Bitcoin on November 13, 2010, would have increased to $58,339 today.

In other trending Bitcoin News today:

“Impending CME Gap Close Could Propel Bitcoin Price To $18,000”

Within the last hour Bitcoin (BTC) price surged through the $16,200 level to secure a new 2020 high at $16,473. 

The 6.62% move brings the top-ranked digital asset closer to closing a CME gap in the $16,465 to $16,570 zone and a growing number of analysts expect the price to break above the $17,200 level if the CME gap is closed.

Despite the excitement surrounding Bitcoin’s surge to a new multi-year high, Cointelegraph contributor Micheal van de Poppe pointed out that Bitcoin has rapidly ascended to new highs without establishing strong supports.

Van de Poppe said:

“Many levels beneath the current price are untested on the weekly timeframe. A healthy way to build up a new cycle is the backtesting of previous resistance levels as new areas of support.”

The analyst also said that the Crypto Fear and Greed Index has reached the “Extreme Greed” level, which can be interpreted as a sell signal according to Van de Poppe.

Bitcoin’s impressive rally to $16,465 comes as the Dow and S&P 500 closed the day in the red with a 1.08% and 0.97% loss.

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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:

$20,000 will get sliced through easily – then a pop to $28,000#BTC

— Max Keiser (@maxkeiser) November 12, 2020

If the U.S. and China don’t significantly crack down on bitcoin, it’s going to $250,000+ this next cycle.

— Ryan Selkis (@twobitidiot) November 12, 2020

Max Keiser Interview: Bitcoin Will ‘Gobble Up All Fiat’ and Rise Over $100K

https://cointelegraph.com/news/the-bitcoin-price-has-only-been-higher-than-now-for-12-days-in-its-history

https://cointelegraph.com/news/impending-cme-gap-close-could-propel-bitcoin-price-to-18-000