TOP 5 TIPS FOR NEW BITCOIN INVESTORS | John McAfee’s #post_titleM BTC Price Prediction

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A statistician who accurately predicted that the Bitcoin price will flash dump amidst a global economic crisis now hopes for a significant BTC price rebound.

Willy Woo, an on-chain analyst who in 2018 forecasted that investors would unwind their leveraged Bitcoin positions to seek safety in the US dollar, says the cryptocurrency is looking for a bottom.

“Dump then [the] moon,” he tweeted. “We are undergoing flight to safety right now, BTC is looking for its bottom. But know that once the bottom is in there are strong bullish pressures ahead. It’s this economic environment in the years ahead that Bitcoin was built for.”

Mr. Woo thinks Bitcoin is behaving as Gold did during the housing and credit bubble burst.

The yellow metal in 2018 plunged by up to 33.96 percent even as the stock market bust raised opportunities for it to behave as safe-haven.

However, investors moved into other offbeat hedging assets, mainly the US dollar.

Gold bottomed-out at $681.75 in October 2018, followed by a steep uptrend that took its value to $1,703.60 earlier this March.

Nevertheless, the Coronavirus-led sell-off prompted the metal to rebound by as much as 14.80 percent. So it appears, bitcoin plunged in a similar fashion.

“Flight to safety: everything else sells off to USD,” Woo reminded investors. “[It is] then used to unwind leveraged positions. Afterward, havens like Gold and [Bitcoin] have a bull run.”

$566,900,000 in Bitcoin (BTC) on the Move As Report Suggests Coordinated Whale Action Behind Crypto Market Crash

A flurry of Bitcoin whale activity is underway as the price of BTC climbs back above $5,200.

In the last 24 hours, some of Bitcoin’s biggest investors have moved a total of 107,209 BTC worth $566.9 million at time of writing.

The largest single transaction sent 47,846 BTC worth $252.2 million between two wallets of unknown origin.

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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.

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It definitively looks like we are heading in that direction. What has been happening in the last few weeks is just incredible.

There’s also nothing wrong in $BTC moving up and down with risk assets in such a black swan event.

— Alex Krüger (@krugermacro) March 17, 2020

This big dent in the price chart will lengthen the time till we hit the next bull market top (Top Cap model), more time means a higher top. pic.twitter.com/pdhyliUzl7

— Willy Woo (@woonomic) March 18, 2020

Dump then moon. We are undergoing flight to safety right now, BTC is looking for its bottom. But know that once the bottom is in there are strong bullish pressures ahead. It’s this economic environment in the years ahead that Bitcoin was built for. https://t.co/ILn3aXTJXG

— Willy Woo (@woonomic) March 18, 2020

Statistician Who Predicted Bitcoin Crash Says Its Price Will Moon

https://cointelegraph.com/news/bitcoin-hodlers-not-to-blame-for-record-50-price-plunge-data-reveals

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Amid the continuing correction in Bitcoin and the broader crypto markets, top analyst PlanB believes that the BTC bull market is far from over. If Bitcoin’s RSI continues to hover above 90, PlanB calculates that the leading crypto asset will skyrocket over 450% in the coming months.

“RSI is 92 now and April is the 2nd month greater than 90. If this run continues 4 more months at RSI 92, BTC will be $300,000 in July (not saying this will happen, just what if). In my opinion, after next all-time high (maybe end this year), volatility will return and we can not rule out 50-80% draw down.”

In other trending Bitcoin News today:

Legendary longtime value investor Bill Miller told CNBC on Tuesday he believes Bitcoin is firmly entering into the mainstream, contending the cryptocurrency’s rally in recent months is significantly different from its 2017 ascension and subsequent plunge.

“I don’t think this is a bubble at all in Bitcoin, I think this is the beginning of the mainstreaming of it … I think it’s like digital gold.”

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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:

“I don’t think this is a bubble at all in #Bitcoin, I think this is the beginning of the mainstreaming of it … I think it’s like digital gold,” says legendary investor Bill Miller

pic.twitter.com/IWc3vgEzmR

— Bloqport (@Bloqport) April 21, 2021

This revisit of lower price has created incredibly strong price validation for Bitcoin about $1T cap. 14% of the supply last moved above $1T cap.

This is a key line in the sand imprinted into BTC’s price discovery, an area of immense support. pic.twitter.com/NxLKbXTYAC

— Willy Woo (@woonomic) April 20, 2021

PlanB: Bitcoin Bull Market Untouched and in Full Swing

https://cointelegraph.com/news/new-bitcoin-price-concerns-from-jpmorgan-at-odds-with-immense-support-at-52k

https://www.cnbc.com/2021/04/20/bitcoin-is-not-a-bubble-its-at-start-of-going-mainstream-bill-miller.html

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A popular on-chain analyst believes that a Bitcoin rally is in the cards as BTC faces the possibility of a supply squeeze. Will Clemente says that a Bitcoin supply shock could ignite a significant BTC rise.

“Hang in there guys. This thing is going to pop soon.

Supply shock still in play this week.”

Clemente’s bullish stance on BTC comes as he sees on-chain signals pointing to the rise of Bitcoin adoption around the world.

“Extremely bullish on global Bitcoin adoption.

Blue: Supply held by entities with .01-1 BTC.

Green: Net user growth on the network.

All-time highs in new users. Hockey stick up in accumulation from small entities.”

In other trending Bitcoin News today: Former Heavyweight Boxing Champion Mike Tyson Asks Fans if They Prefer Bitcoin or Ethereum!

On Saturday, former heavyweight boxing champion, Mike Tyson, asked his 5.6 million followers on Twitter which crypto asset they prefer: bitcoin or ethereum. Tyson is no stranger to the world of crypto and just recently stepped into the realm of non-fungible token (NFT) collectibles.

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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:

Which do you prefer, BTC or ETH?

— Mike Tyson (@MikeTyson) July 17, 2021

https://news.bitcoin.com/former-heavyweight-boxing-champion-mike-tyson-asks-fans-if-they-prefer-bitcoin-or-ethereum/?utm_source=OneSignalPush&utm_medium=notification&utm_campaign=PushNotifications

https://cointelegraph.com/news/crypto-experts-see-bitcoin-replacing-fiat-money-in-20-years

https://cointelegraph.com/news/bitcoin-mining-difficulty-drops-for-fourth-time-in-a-row