VOLCANOS WILL PUSH BITCOIN TO $1 MILLION IN FIVE YEARS!! EXPERT BTC PREDICTIONS!!

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The Bitcoin price has continued its cataclysmic November, with BTC dropping further overnight to $6,500, levels not seen since this May. 

In today’s show, we examine the following 4 Reasons Why Bitcoin Price Continues to crash:

In other Cryptocurrency news today…

Market analyst says, “The BTC price is headed for $20,000 – $25,000 zone next year.”

The Crypto market has been a disappointment lately. Lackluster bitcoin price action has intensified overall selling activity. But things are in for a welcome change, as BTC is expected to explode next year. 

Crypto Michael shared on twitter:

$BTC #BITCOIN All in all, the long-term trend is still fine, aside from a parabolic explosion earlier this year (which is an outburst to the upside). Keeping the trend intact -> market is fine. Onwards to $20,000-25,000 in 2020.

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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:

Whatever movements there are now (whether we go back to $7,800 prior to any further downwards movements), I do believe that the asset $BTC is one of the few bullish assets macro wise for the coming years.

Bottoming $6,200-6,500? Hell yes, I’ll be happy. Stack some more BTC.

— Crypto Michaël (@CryptoMichNL) November 24, 2019

$BTC #BITCOINAll in all, the long-term trend is still fine, aside from a parabolic explosion earlier this year (which is an outburst to the upside).Keeping the trend intact -> market is fine.

Onwards to $20,000-25,000 in 2020. pic.twitter.com/uednu3jgo4

— Crypto Michaël (@CryptoMichNL) November 23, 2019

Not making reference to manipulation. Bitmex is now collecting in fees as much as 7% as all miner issuance combined, maybe slightly less given how fees are not flat. A large percentage is sold into the market. A significant sum for a single entity.

— Alex Krüger (@krugermacro) November 25, 2019

Added liquidity can only help price, but $BTC doesn’t respond to macro variables.It is such an illiquid/fragmented market that in the absence of mass influx of new buyers, actions of a few determine direction. Micro, not macro.

Only narrative still standing is the halving/s2f.

— Alex Krüger (@krugermacro) November 24, 2019

Bitcoin Price Headed For $20k – $25k Zone Next Year: Analyst

4 Reasons Why Bitcoin Price Continues to Crash

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Venture capitalist Tim Draper was on Benzinga’s Crypto Festival to talk about the number 1 cryptocurrency BTC. Draper noted some trends which he believes will be the driving force behind bitcoin hitting $250,000 in 2022. 

Widespread adoption was one of these trends. He noted that people will eventually be able to use BTC in the way they currently use fiat currency. “One that happens,” Draper said, “there’s going to be a switch thrown in people’s heads.”

When asked when he planned to sell his coins, the billionaire replied, “Why would I want to sell the future currency for the past currency? I just can’t imagine anything more important for humanity than this.” As for Draper’s $250,000 prediction for the digital asset’s price in late 2022 or early 2023, he said, “I think we’re right on track.”

In other trending Bitcoin News today: BTC price returns to $50K as Bitcoin bears lose $450M in daily liquidations!

BTC swiftly reclaimed $50,000 on Thursday as bears felt maximum pain and lost hundreds of millions of dollars.

“Bitcoin facing final hurdle before $57K,” Cointelegraph contributing analyst Michaël van de Poppe tweeted in his latest update.

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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:

We’re Right On Track For Bitcoin At $250,000, Billionaire Tim Draper

https://cointelegraph.com/news/ada-price-hits-3-for-the-first-time-as-cardano-ethereum-lead-crypto-super-bull-cycle

https://cointelegraph.com/news/btc-price-returns-to-50k-as-bitcoin-bears-lose-450m-in-daily-liquidations

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Much of the conversation around predicting the BTC price through 2020 and beyond hinges on the effect of the Bitcoin mining reward halving set to take place in May will have.

Some believe it will have no effect at all, while others are betting big on this.

If history is to be taken into consideration, the Bitcoin price should reach a new high of $400,000 following the event.

Following the first halving in November 2012, Bitcoin’s price increased from a $2.01 bottom to the top of $270.94 – a 13,000 percent increase.

The second halving, in July of 2016, saw Bitcoin (BTC) go from a bottom of $164.01 a top of $20,074 – a similar increase of 12,000 percent.

With this in mind, if Bitcoin moves similarly after May’s halving, investors can expect the price of the coin to reach as high as $400,000.

Other breaking Crypto stories shared in today’s show…

• Bitcoin Price Signal That Preceded 4,000% Rally Forms Again, and It’s Huge for BTC –

• A $50,000 Bitcoin Price; How Likely is a 13-Digit Market Cap?

• Research Firm: 3 Use Cases Could Send Bitcoin To $1 Trillion

• Confirmed: Craig Wright doesn’t have keys to $8 billion of Bitcoin

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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:

How much has #Bitcoin rallied as a result of each of its Halvings to date?Halving 1: +13,378%Halving 2: +12,160%If BTC rallies anything between 12,160 – 13,378% as a result of Halving 3…

Price of one $BTC will be $385,000 – $400,000https://t.co/4StGraQAaQ#Crypto

— Rekt Capital (@rektcapital) January 17, 2020

Research Firm: 3 Use Cases Could Send Bitcoin To $1 Trillion

A $50,000 Bitcoin Price; How Likely is a 13-Digit Market Cap?

Bitcoin Will Reach $400,000 After Halving, History Dictates

https://decrypt.co/16998/confirmed-craig-wright-doesnt-have-keys-to-8-billion-of-bitcoin