WHY A $1 MILLION BITCOIN PRICE ISN’T CRAZY AND COULD BE IN OUR FUTURE SOONER THAN YOU THINK!!

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The BTC Price Could Rise Again!!

Yesterday, we discussed the chances of a short term correction in Bitcoin from the $6,636 high against the US Dollar.

The Bitcoin price did correct lower and traded below the $6,500 support area.

The bears were able to push the price below the 23.6% Fib retracement level of the upward move from the $5,850 swing low to $6,636 high.

Besides, there was a break below the $6,400 level, but the price remained well bid above the 100 hourly simple moving average.

It seems like the bulls protected the 100 hourly SMA and the 50% Fib retracement level of the upward move from the $5,850 swing low to $6,636 high.

The price is currently rising and trading above $6,300.

There is likely a bullish flag pattern forming with resistance near $6,420 on the hourly chart of the BTC/USD pair.

If Bitcoin surpasses the flag resistance and gains pace above the $6,450 level, there are high chances of a strong increase.

The next key resistance is near the $6,600 level, above which the price is likely to gain bullish momentum above $6,640.

In the mentioned bullish case, the bulls are likely to aim a test of the $7,000 resistance.

CZ Talks Bitcoin Price After Halving, Coronavirus and Binance Decentralization Changpeng Zhao, known as CZ — the man behind Binance, one of the largest cryptocurrency exchanges in the world — took part in Cointelegraph China HUB, an online interview column started by Cointelegraph China.

“It’s hard to define the year 2020 with three words. If I must pick three words, I would say: challenge, opportunity and decentralization. The year ahead will be a mix of challenges and opportunities as the industry takes one step further toward the future of decentralization.” – CZ

“The global outbreak of coronavirus does affect certain industries and has caused many countries to lock down. Industries like traveling, tourism and hotels are greatly affected in the short term. However, it also creates opportunities for industries like medicine, health care, online education, etc. Among market activities, great attention has been given to the circuit breaker incidents of the United States stock market. As part of the global financial market, the crypto market has also been volatile for the past couple of days.” – CZ

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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 Holding Crucial Support: Here’s What Could Propel it to $7K

https://cointelegraph.com/news/not-april-fools-trump-hints-at-9-oil-after-accidental-bitcoin-plug

https://cointelegraph.com/news/cz-talks-bitcoin-price-after-halving-coronavirus-and-binance-decentralization

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

In this exclusive interview with Tom McMurrain, the CEO of CMDX, Tom shares why he raised his Bitcoin price prediction from $250,000 in our last interview to now $1.3 million within the next 36 months and backs up those numbers by running the math.

He is also very bullish on Ethereum predicting ETH will 10x to $18,000 before the end of this year!

Also discover ‘3 Things’ that are happening in the next 3-5 years that are a ‘Game Changer’ for the cryptocurrency industry.

CMDX is one smart currency company revolutionizing the way crypto is earned and used. Dubbed the Bitcoin of Healthcare, CMDX rewards its community members with its own tokens for engaging in healthy activities. 

The rewards can then be traded on exchanges, invested, or used to purchase health products and services on CMDX’s marketplace. As the rest of the world catches up with the crypto revolution, environments like CMDX’s provide a lucrative space to experiment and build wealth for both the investors and the founders. 

“Crypto is still in its relative infancy, but a wealth of knowledge can be gained from looking to Bitcoin and its wins and losses as an industry innovator,” said Tom McMurrain, CMDX CEO. 

“As a company that also has its own coin, CMDX has gained valuable insight from Bitcoin and has taken that knowledge to build a more effective and sustainable environment for earning, investing, and spending Bitcoin, and we look forward to continuing to play a role as an innovator in the industry.”

CMDX’s token grew out of the brand’s mission to help people across the globe enjoy healthier lifestyles while building their wealth. CMDX rewards its global community members with cryptocurrency for sharing their health data, a move that McMurrain hopes will gain traction as part of the Universal Basic Data Income movement. 

CMDX’s community members now have easier access to trade and invest their CMDX rewards, while new investors can also invest in CMDX’s mission of becoming the Bitcoin of Healthcare while building their wealth portfolios. 

For more info on CMDX and to get up to $325 FREE for completing a few simple steps visit: http://cmdx.info 

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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:

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

Bloomberg just published their new September edition report which says, “Bitcoin at $100,000 is the path of least resistance” and predicts that BTC is set to reach 6-figures soon and become the world’s reserve asset as its unique properties become more evident.

Making a parallel to the dollar status as the global reserve currency, Bloomberg has asserted how Bitcoin can reap the benefits of an ever-more digital society, one hungry for a liquid, always-available asset suitable to become the world’s reserve currency.

In other trending Bitcoin News today: Mainstream Crypto: Reese Witherspoon Buys Ethereum; Paris Hilton Shows Love for BTC!

As the cryptocurrency market continues to grow, being a multi-trillion dollar industry, it keeps garnering the attention of famous individuals. Earlier today, popular actress and entrepreneur Reese Witherspoon outlined his first ETH purchase, while Paris Hilton showcased her support for BTC.

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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://bitcoinmagazine.com/markets/bloomberg-report-100000-bitcoin-price

https://cryptopotato.com/mainstream-crypto-reese-witherspoon-buys-ethereum-paris-hilton-shows-love-for-bitcoin/

https://bitcoinmagazine.com/culture/trillion-dollar-investment-management-firm-is-hiring-a-bitcoin-and-crypto-research-analyst

https://cointelegraph.com/news/dreading-september-bitcoin-price-hopes-to-break-the-slump-trend