TOP ANALYST PREDICTS $500K BITCOIN AND $25K ETHEREUM THIS MARKET CYCLE!! MASSIVE ALTSUMMER COMING!!

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The month of January is usually bearish for the Bitcoin price but this one has bucked that trend.

It has been the best start to the year since 2012 but analysts are eyeing even greater gains in 2021.

Bitcoin blogger Sylvain Saurel has conducted an in-depth analysis into BTC price movements at the beginning of the year.

The study has been done to highlight the cyclical side of the evolution of bitcoin price with each halving as a starting point.

The research goes back to 2012 and starts the comparison there.

In the same twenty days in that year, Bitcoin (BTC) increased by a similar amount, around 23% to reach $6.50.

Who wouldn’t have wanted to load up then! By the end of the year, prices had increased by 157% to end at $13.50.

The following year, after the halving, resulted in an epic bitcoin price pump of 5800% to end 2013 over $750.

The next year was one of correction with a bear market taking prices back down again while 2015 showed signs of recovery at the end.

2016 was the year of the second halving and while January was flat, the asset gained 123% by the end of the year.

2017, the year following the halving, again saw a monumental bull run with bitcoin prices rising 1450%.

2018 as we all know was a mirror of 2014 with a huge correction and 2019 has shown signs of recovery with BTC gaining 85% over the year.

BTC PRICE PEAK IN 2021 The conclusion leads on to the finding that the evolution of Bitcoin price is cyclical with the halving as the starting point for the new cycle.

“The year following a Bitcoin halving is when the bull market for Bitcoin is at its strongest with respective price increases of +5,800% in 2013 and +1,450% in 2017.”

With that in mind, the research suggests that 2021 will be a stronger year for BTC prices than 2020.

In terms of gains, looking at previous rises 500% would not be out of the question.

At current prices, this would put bitcoin at around $17k by the end of 2020 and as high as $100k in 2021 when the big rally really takes off.

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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:

$BTC – clear range of $8500 to $8750 right now on lower time framesCurrently not trading and watching for better setups

Will also take a look at altcoins with potential to outperform Bitcoin short term pic.twitter.com/HRJoMZNaDj

— Josh Rager 📈 (@Josh_Rager) January 21, 2020

Bitcoin Just Slid Under $8,500: Price Must Hold This Level to Satisfy Bulls

Why Bitcoin Price Could Hit $100,000 in 2021?

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Market analyst and prominent podcaster Preston Pysh says Bitcoin is poised to continue its parabolic ascent.

In a new episode of the What Bitcoin Did podcast, Pysh says BTC will prove critics and naysayers wrong in the coming months as he believes the leading crypto asset will outperform beyond expectations.

“I think it’s going to be epic. I think the price between now and mid-April is going to be gangbusters, way more than people are expecting. And then, I think you’re going to go through some natural chop in volatility from there into the six figures by mid-summer into the fall. I think it’s going to be fascinating to watch. I can’t wait to see the CNBC talking heads still not understand it. 

It’s going to be fun because everyone’s looking at it and they’re saying, ‘What is this thing? This doesn’t make any [sense].’ The same thing that you’ve seen with all the people that have been long Tesla and all your traditional folks that were saying, ‘Oh, it’s going to die here.’ It’s the same exact lens being applied to Bitcoin but probably 10x more so.” 

As for the exact price of Bitcoin, Pysh refers to a tweet that shows Bitcoin pulling off a steep rise and printing gains of over 106% in two months.

“I redrew it and that’s why I’m saying on the chart, whether this happens or not, I have no idea, but the redraw that I just recently posted, I think last week, has the price at $95,000 in mid-April before it starts to going into some chop.”

According to Pysh, the chop will likely send Bitcoin back down to $50,000 before resuming its ascent and targeting $150,000 by the end of June.

In other trending Bitcoin News today:

BITCOIN SHOWS DOUBLE BULLISH CONFLUENCE; NEXT TARGET: $50,000

A confluence of two classic technical indicators suggests Bitcoin will hit $50,000 in the short-term.

Dubbed as Bull Flag and Bull Pennant, both the patterns represent a period of consolidation after a strong uptrend, except with different structures. For instance, Bull Flags appear like downward sloping channels, wherein an asset moves lower while leaving behind a trail of higher lows and lower lows.

Meanwhile, Bull Pennants look like a Symmetrical Triangle, wherein the price forms higher lows and lower highs until its upper and lower trendlines converge. Both indicators point to trend continuation, meaning an asset would likely breakout to the upside after exiting their ranges.

The breakout’s length comes to be as higher as the flagpole’s height, i.e., the uptrend before the consolidation.

DOUBLE BULLISH CONFLUENCE

Bitcoin is forming the two bullish patterns on its one-hour chart, with its previous flagpole’s length coming at $8,750. Therefore, the indicators note that the next price breakout could take BTC/USD as high as $8,725.

As of now, the pair is trading just above $45,000. Considering it consolidates further into the Pennant pattern, reaching the apex (~$44,500) before suggesting a breakout move, the upside price target would shift towards $53,225 (after adding $44,500 and $8,725).

The same theory holds valid for the Bullish Flag indicator, as shown in the chart below, except its breakout target may vary.

BITCOIN FUNDAMENTALS

More reasons to stay bullish on Bitcoin come from recent events, including Tesla’s $1.5 billion investment into the cryptocurrency as an alternative to its cash reserves and Twitter’s hopefulness to copy the trade. Many analysts believe that Bitcoin would become a de-facto asset in the corporates’ balance sheets.

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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 is peace & love Fiat money is war & violence When we go global Bitcoin standard we’ll have only peace & love. When I said this originally, it was hard to believe. Now, many understand.

☮️ & ❤️

— Max Keiser (@maxkeiser) February 10, 2021

$TSLA $MSTR #Bitcoin all being attacked with naked-sell orders by panicky banksters right now … Whose weapon is to print more fiat … Resulting in new ATH for TSLA, MSGT, BTC $220,000 in 2021 for BTC in play – Monetize dissent

– Monetize bankster fuckwittery

— Max Keiser (@maxkeiser) February 10, 2021

Bitcoin Shows Double Bullish Confluence; Next Target: $50,000

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It’s been an explosive past few days for Bitcoin (BTC).

After tanking as low as $8,600 on the weekend before last, the Bitcoin price breached $10,000 just hours ago.

On Bitstamp, BTC traded as high as $10,429, according to TradingView.com data.

While the asset remains below the yearly highs of $10,500, a prominent analyst noted that this rally has formed Bitcoin’s largest breakout ever.

This suggests that the crypto market is heading much higher than it is in the long run.

Chief executive of Real Vision Raoul Pal shared the below chart in the wake of the BTC price breaking past $10,000, attaching the comment:

“Here it is on a log scale… this is the biggest chart pattern break out thus far…”

The chart depicts that Bitcoin is now trading above the downtrend that formed at the $20,000 all-time high.

The technical downtrend marked the $14,000 2019 high, along with the $10,500 high seen earlier this year.

Pal did not explain the significance of this technical breakout during this thread, but he has in a recent research note.

In the April newsletter from his macroeconomic analysis firm Global Macro Investor obtained by NewsBTC, he wrote that “I think it hits $100,000 in the next two years alone” in reference to a chart almost identical to the one above.

The only difference was that when he shared the chart, it had not broken past the resistance.

Bitcoin’s crucial technical breakout isn’t the only reason why the former Goldman Sachs executive is bullish on the cryptocurrency.

Pal remarked in a Twitter thread published in early May that the confluence of record-level fiscal and monetary stimulus, coupled with the Bitcoin halving, is setting BTC up for success in the long run:

“This is confirmed by stock to flow models by PlanB and the breakout has happened almost exact at The Halvening. Add to that HUGE the ENTIRE worlds central banks are […] printing money like CRAZY. quantitative easing fiat meets the hardest money that automatically quantitatively tightens.”

This led him to the conclusion that Bitcoin currently has one of the “best set ups in any asset class I’ve ever witnessed…technical, fundamental, flow of funds and plumbing.”

While he has floated the $100,000 price target, the investor has mentioned a $10 trillion market capitalization in the past.

Speaking to Max Keiser, Pal said that Bitcoin could eventually rival the market capitalization of gold, which sits around $9 trillion:

“If it becomes an ecosystem, and we believe it will be and it will take the whole ecosystem with it as well, then yes, I think a $10 trillion number is easily achievable within that process.”

For context, a $10 trillion market capitalization corresponds with more than $500,000 per coin. In other trending Bitcoin News today:

Bitcoin (BTC) Soars Above $10,000 – Here’s What Will Trigger ‘Insanely Bullish’ Breakout According to Analyst Josh Rager

Crypto strategist Josh Rager tells his 72,000 Twitter followers that BTC is close to making a move that will have huge bullish implications.

However, the bulls have a bit of work left to do.

“BTC breaking above daily resistance. [Bitcoin is] showing no mercy to bears and is on route to try to break above $10,300. Closing above $10,370 would be insanely bullish.” 

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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:

Add to that the ENTIRE worlds central banks are either seeing their currencies collapse to the almighty dollar (BRL, TRY, ARG, etc) or they are printing money like CRAZY.

HUGE quantitative easing fiat meets the hardest money that automatically quantitatively tightens. $BTC wins.

— Raoul Pal (@RaoulGMI) May 8, 2020

$BTC breaking above daily resistanceShowing no mercy to bears and is on route to try to brak above $10,300s

Closing above $10,370 would be insanely bullish pic.twitter.com/0l8YTrJ6Uy

— Josh Rager 📈 (@Josh_Rager) June 1, 2020

https://t.co/j8wdrwiVbD

1/ With $BTC back over $10,000 for the first time since a brief scrape above this threshold in early May, we are revisiting our long-term key triple volume measurement to analyze the health of both the on-chain and social metrics that are vital to justify pic.twitter.com/nYQjVUOeAS

— Santiment (@santimentfeed) June 2, 2020