TRON (TRX) IS OVERRUN WITH DAPP BOTS! | Bulls Push Bitcoin Price to a 2-Week High, is ,700 Next?

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Bitcoin price may be over seven times higher than at its last halving, but if history repeats, that number could grow another 300% with a BTC price peak as much as $253,800.

Bitcoin currently trades 7.3 times its price since the halving in May 2020. If the last halving cycle is anything to go by, however, price action will not stop until it is 30 times higher.

Ethereum saw much larger comparative gains relative to Bitcoin – 120 times its halving price marked last cycle’s peak in 2018.

Thus, a repeat performance would mean ETH/USD trading at $22,300 – again not beyond the realms of possibility.

Since the 3rd halving:

🟠 BTC is up 7.3x (topped at 29.5x last cycle)

🔴 ETH is up 24.8x (topped at 120x last cycle)

In other trending Bitcoin News today: Raoul Pal: Expect the ‘path of most pain’ around December!

Former Goldman Sachs hedge fund manager and Real Vision founder Raoul Pal believes that the social media pundits are wrong and that the crypto market cycle won’t end this year.

According to Pal, Bitcoin (BTC), Ether (ETH) and altcoin markets are likely to “take the path of most pain,” potentially crashing twice over the next six months.

“My guess is that we probably have a sell-off, and then it rips again because that is the path of most pain and markets tend to take the path of most pain.”

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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://cointelegraph.com/news/bitcoin-will-peak-at-253k-ethereum-at-22k-this-cycle-if-2016-halving-bull-run-repeats

https://cointelegraph.com/news/raoul-pal-expect-the-path-of-most-pain-around-december

https://cointelegraph.com/news/nyc-and-miami-mayors-duke-it-out-on-twitter-over-who-is-the-bigger-crypto-advocate

https://cointelegraph.com/news/bitcoin-on-chain-metric-suggests-2017-style-bull-run-will-continue

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Whilst the Bitcoin price (BTC) action may seem bearish to some, the leading cryptocurrency has several bullish indicators that hint towards an imminent recovery.

As Bitcoin enters the last month of 2019, will the king of Crypto finish on a bullish rally, or fall to a yearly low?

In today’s show we explore both bearish and bullish BTC price scenarios.

In other Crypto news today:

Are we on the verge of an Altcoin apocalypse?

The number of dying cryptocurrencies is rising.

The big crypto boom of late 2017 is a long distant memory today. Pretty much every altcoin out there was surging by ridiculous proportions as the wave of FOMO swept the scene.

Today the majority of crypto currencies are melting down and many simply will not survive another winter.

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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:

If you invested 10 000 BTC into ZEC at the open of the 2nd trading day (God forbid) you’d be left with less than two today.
That’s how crazy this drop is.

— DonAlt (@CryptoDonAlt) December 1, 2019

Altcoin Apocalypse: The Number of Dying Crypto Currencies Is Rising

https://cointelegraph.com/news/3-key-metrics-suggest-bitcoin-price-has-completed-its-macro-bear-cycle

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A $1 million Bitcoin price could be in our future a lot sooner than you think. The reality is that BTC is already in heavy use today as a store of value, and this underlying utility of Bitcoin could potentially take its price to $1 million per coin.

The size of the global bond market was recently estimated at $119 trillion. Remember, not all coins are for sale, meaning the total value of the Bitcoin market would be far greater than $20.9 trillion if all of this money were to move into the crypto asset. 

Some estimates put the effect of new buy orders on Bitcoin’s market cap at 25x the value of the purchases, so from this perspective, $1 million looks quite conservative.

In other trending Bitcoin News today: 

Bitcoin (BTC) has recorded its biggest mining difficulty drop of nearly 28% on July 3, but one model suggests that the BTC price will not bottom until October.

In a series of tweets on July 2, investment manager Timothy Peterson flagged the relationship between Bitcoin price and hash rate as arguable evidence that the dip is not over.

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🔥 Binance – Buy, Sell or Trade Over 400 Altcoins: ► http://binance.cryptonewsalerts.net

🔥 [IMPORTANT] – Secure your crypto with a Trezor or Ledger hardware wallet:

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:

https://www.fool.com/investing/2021/06/02/why-a-1-million-bitcoin-price-isnt-crazy/

https://cointelegraph.com/news/bitcoin-mining-difficulty-just-fell-by-a-record-28-but-will-this-help-btc-price-recover