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A recent Bitcoin price prediction by veteran Crypto trader, Elixium, warns that the BTC price is at a major risk of seeing yet another crash.

This time, towards the $7,300 level if bulls don’t push back soon.

Elixium shared on Crypto Twitter…

“Bitcoin is currently below the 200 EMA & SMA. If it closes the daily like this then there’s a huge risk that it will dump down to $7,300.”

In other Cryptocurrency news today…

Ripple XRP not only failed to rally during the highly anticipated Swell 2019 conference this year, but actually sank by 16% shortly after.

But can the price recover, or will see the asset slump even further?

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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:

Bitcoin Price at ‘Huge Risk’ of Crashing to $7,300

XRP Down 16% Since Swell, Can Price Recover?

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

With range-bound movements for the past ten days or so, Bitcoin is readying for another BIG leg up or down. The chart patterns are showing a pennant formation that will eventually come to a conclusion resulting in a larger move. 

Macroeconomics analyst and long-term BTC investor Madelon Vos commented that a huge breakout is very plausible. “Combined with positive divergence on RSI and a symmetrical triangle having a possible breakout of $10.000… a very plausible scenario. We could end up around $48 or $25k the next couple of weeks.”

In other trending Bitcoin News today: BTC bull Max Keiser, RT host of the Keiser Report and Orange Pill Podcast just made another bold prediction that the Bitcoin price will climb $25,000+ in the next 24 hours: “I’m trying to stage a new Bitcoin ATH the moment I step on stage Friday at 

The Bitcoin Conference.”

Max also says that, “Central banks have lost control. It was inevitable. You can’t print forever. All fiat money has been in a hyperinflationary collapse against Bitcoin for years. BTC is the pin, not the bubble.”

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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://cryptopotato.com/bitcoin-breakout-imminent-chart-patterns-suggest-institutional-buying/

https://cointelegraph.com/news/market-makers-in-fear-mode-ahead-of-friday-s-575m-bitcoin-options-expiry

https://cointelegraph.com/news/bitcoin-nears-40k-amid-warning-btc-price-will-correct-before-bull-market-resumes

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Bitcoin (BTC) will be worth “infinity” and humanity will soon give up pricing it in U.S. dollars, says the CEO of cryptocurrency exchange Kraken.

Speaking to Bloomberg on March 4, Jesse Powell was characteristically bullish on Bitcoin as BTC/USD broke above $50,000.

“Of course, you know, we can only speculate, but when we measure it in terms of dollars, you have to think it’s going to infinity,” he told Bloomberg TV about future price trajectory.

“This national currency’s only fifty years old, it’s already showing extreme signs of weakness, and pretty soon I think people are going to start measuring the price of things in Bitcoin.”

Powell was commenting as the USD weakened alongside a macro market sell-off on Wednesday, an event which had next to no impact on Bitcoin. At the same time, the U.S. national debt quietly passed $28 trillion for the first time in history.

Despite a rejection of $50,000 support, Bitcoin bulls thus remained more than optimistic.

“The people that are believers in Bitcoin see… it’s going to replace all of the world’s currency, so that basically means whatever the market cap of the dollar is, the euro — all of that combined is what Bitcoin could be worth,” Powell continued.

“I think in the near term, people see it surpassing gold as a store of value, so I think $1 million as a price target within the next ten years is pretty reasonable.”

As Cointelegraph noted, Bitcoin closed February 26% above its target dictated by the stock-to-flow-based price models, with creator PlanB still confident that $100,000 will hit at some time this year.

Meanwhile, the gold eclipse argument has been steadily gaining support on social media in particular, often at the expense of gold bugs, who are left with increasingly little ammunition to defend their anti-Bitcoin stance.

As Cointelegraph reported, it was billionaire and former Bitcoin skeptic Mark Cuban who this week took SchiffGold.com CEO Peter Schiff to task over his love of the precious metal. Gold, he told Schiff, “is dead.”

“Bitcoin has been crushing gold since inception,” Kraken growth lead Dan Held added in response to claims by Schiff that a bet against gold was a losing one.

In other trending Bitcoin News today:

Bitcoin Price Charts Hint At Another Drop After Failing to Break $52K

Bitcoin (BTC) has halted its bull run in the past few weeks as the price has corrected from an all-time high of $58,000 to around $43,000.

Several arguments were found for the pullback, including a sell-off from miners and whales. The other primary reason for the correction is the sudden surge of yields across the world.

The 2-hour chart for Bitcoin shows a clear downtrend since the peak high in February at $58,000. Since then, bearish support/resistance flips have been happening suggesting further weakness in the near term.

This bearish support/resistance flip has happened at the $55,000 and $52,000 levels, with the latter serving as the current major area of resistance.

In recent days, Bitcoin’s price tried to break through this resistance zone but failed to do so. After such a failed breakout, retesting the levels below seems inevitable.

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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:

America’s super entrepreneurial class is waking up to #Bitcoin This is the best chance 🇺🇸 has to reclaim world economic leadership in 2021

China has a head start, but their power structure is too centralized pic.twitter.com/T0bgixxvCV

— Max Keiser (@maxkeiser) March 3, 2021

Grayscale #Bitcoin Trust Discount May Signal March to $100,000 – Bitcoin’s end of February price disparities on U.S. regulated exchanges portend a firming price foundation, if history is a guide, and are evidence of just how nascent the crypto is. pic.twitter.com/qj6hfTvH8K

— Mike McGlone (@mikemcglone11) March 4, 2021

https://cointelegraph.com/news/bitcoin-price-is-going-to-infinity-kraken-ceo

https://cointelegraph.com/news/bitcoin-price-charts-hint-at-another-drop-after-failing-to-break-52k