WILLY WOO PREDICTS BITCOIN BETWEEN $300K-$400K BY DECEMBER, MAYBE HIGHER BASED ON HIS TOP-CAP MODEL!

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

Bitcoin and Ethereum have entered their second-most bullish month and could continue their respective runs with new highs by the end of it, reads Kraken’s new monthly Crypto report.

History suggests that Bitcoin could match that record after April, which is on average the second-best performing month with a medium increase of 51%. With BTC entering the new month at roughly $59,000, a 50% surge will take it to just shy of $90,000.

Furthermore, the research estimated ETH’s potential peak during this market cycle based on logarithmic regression curves. If the second-largest cryptocurrency is to match its previous run, its price could surge by about 700% from March’s end to $15,238.

In other trending Bitcoin News today:

Elite Class of Crypto Assets Will Outperform Bitcoin, Says Macro Guru Raoul Pal

“Fascinating to see that since inception ETH has outperformed BTC by 250%. It only fell below its initial price in BTC for the first 5 months of its existence in 2015. Let that put rest to the idea that all other tokens trend towards zero in BTC terms.”

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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:

Fascinating to see that since inception ETH has outperformed BTC by 250%. It only fell below its initial price in BTC for the first 5 months of its existence in 2015.

Let that put rest to the idea that all other tokens trend towards zero in BTC terms. pic.twitter.com/ulCpsjG8up

— Raoul Pal (@RaoulGMI) April 7, 2021

#Bitcoin  is now ~3x the peak of the 2017 bull market. The price went up ~6x after this point in 2017.

If repeated that would mean #BTC  going up to $360k this year. 🚀🚀🚀

— Bitcoin Archive 🗄🚀🌔 (@BTC_Archive) April 10, 2021

Billionaire Mark Cuban Believes Bitcoin Will Replace Gold on Massive Scale

https://cryptopotato.com/bitcoin-price-to-90000-ethereum-to-15000-if-history-repeats-kraken-report/

https://cointelegraph.com/news/bitcoin-suddenly-hits-60k-as-a-new-resistance-battle-liquidates-850m

➡️ Leverage OPM (Other People’s Money): http://100.cryptonewsalerts.net

DataDash founder and crypto analyst Nicholas Merten says he believes Bitcoin (BTC) is now firmly in the early stages of a long-term bull cycle.

In a new video, Merten says that the Bitcoin correction, which started in mid-August, is now over as BTC has managed to stay above $10,000.

“I really think we’ve set in the relative bottom here, the higher low here, as we’ve been holding on this line of support and as we’ve clearly broken away from the line of resistance.”

With the local bottom in place, Merten now believes that Bitcoin will make its slow upward journey, during which the leading cryptocurrency will take its time to convert key resistances into supports.

According to Merten’s chart, Bitcoin is poised to print a new all-time high of at least $30,000 before the end of 2021.

“We’re going to break above our relative highs here from August. Come back up here. Retest $14,000. Get rejected. Make this range here support (roughly $12,000). This previous range of resistance, this is going to become new support. 

We’re going to kick back up. Break above those June 2019 highs at $14,000. We’re going to come up here, test these slightly lower highs from the all-time high peak at around $17,000. Come down. Make $14,000 to $15,000 our new support.

Come up here towards around $20,000. Get rejected. Come down to $17,000 and then we’re going to slowly break above to $23,000, $22,000 and then start to make $20,000 support. Then after that, the sky’s the limit. The cycle has started.”

In other trending Bitcoin News today:

Bitcoin to Soon Form Signal Last Seen Prior to 2,000% Rally in 2017

Bitcoin has undergone a strong rally over the past few months. From the March lows, the cryptocurrency has gained over 200%, rallying from $3,500 to $11,700 now.

While already impressive, the coin is about to form a pivotal buying signal that may suggest more upside is likely.

The signal in question last formed when the cryptocurrency was trading under $1,000 at the end of 2016, prior to the 2017 exponential rally.

According to data from Crypto Quant shared by a crypto-asset analyst, Bitcoin is about to form a long-term buying signal.

The signal is the Miners Reserve, which tracks the BTC reserves of entities tied to mining pools.

According to the chart, the indicator is poised to undergo a positive crossover, with the short-term moving average crossing below the long-term moving average.

This signal is important as it was last seen at the end of 2016, prior to Bitcoin’s 2,000% rally in 2017.

This signal also preceded two other macro rallies that brought BTC exponentially higher.

The same trader pointed to a swath of other on-chain trends showing that the long-term trend is favoring bulls.

Fundamental trends favor Bitcoin bulls, analysts say.

Macro investor Raoul Pal recently said in an interview with publication Stansberry Research that  Bitcoin is likely to reach a price of $1 million in the coming five years.

He thinks that investment by institutional players will drive the cryptocurrency this far to the upside:

“Just from what I know from all of the institutions, all of the people I speak to, there is an enormous wall of money coming into this. It’s an enormous wall of money — just the pipes aren’t there to allow people to do it yet, and that’s coming. But it’s on everybody’s radar, and there’s a lot of smart people working on it.”

Pal has said that he thinks Bitcoin may be the best investment in existence right now due to macro trends.

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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 $btcusd #BTC

OK, so @cryptoquant_com is doing a closed beta and I’m lucky enough to be able to test it.

Let’s make a Big thread right here to connect Onchain Analysis & Technical Analysis

Is $btc in a bull market or what ?

1/x

— Coiner-Yadox (@Yodaskk) October 17, 2020

Bitcoin to Soon Form Signal Last Seen Prior to 2,000% Rally in 2017

https://cointelegraph.com/news/bitcoin-price-nears-final-hurdle-at-12k-before-bull-market-euphoria

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For a number of years now Bitcoiners have predicted that the Bitcoin price will surpass its all-time high of $20K per BTC from 2017, and many believe it will rise to the $100k or six-digit price range.

This week cryptocurrency enthusiasts discussed the possibility of the crypto asset reaching $100k at great length.

In mid-December 2017, the price of bitcoin (BTC) touched an all-time high (ATH) of $19,600 per coin. Today, BTC is 45.81% lower than the 2017 ATH but a number of Bitcoiners believe that the crypto asset will surpass that price range.

For instance, at the 2020 Virtual Blockchain Week event, the well known venture capitalist Tim Draper said he believes the price of BTC will touch $250k by 2022 or early 2023.

Mark Yusko the CEO of Morgan Creek said he thinks BTC will reach $100k.

Other influencers who believe $100k per BTC is attainable include Blockfyre’s Simon Dedic, Cardano’s Charles Hoskinson, and Morgan Creek’s Anthony (Pomp) Pompliano.

This week a great number of average folks leveraging the Reddit forum also discussed the possibility of BTC reaching $100k.

The Reddit post called “How many people here think 100k is happening at any point?” was a topical discussion on Sunday and hundreds of people commented.

A deep scan into the thread shows that a great majority of bitcoiners think that $100k is destined to happen. Although, there were a fraction of individuals who did not think BTC could reach the six-digit zone.

A few people compared BTC to the likes of gold and said that the crypto asset will mimic the precious metal’s store of value benefits.

“Just look at the market cap for gold in the trillions, around $9 trillion,” the individual stressed. “If BTC hit the same market cap that would mean about $485k per currently circulating bitcoin. That’s just using this year’s numbers. and not counting for lost BTC.”

The subreddit r/bitcoin is not the only place on the web where individuals are discussing BTC hitting the six-digit range.

On Twitter, the $100k per BTC conversation is also very prominent. On September 25, the creator of the stock-to-flow (S2F) bitcoin model, Planb, held a poll about the six-digit price range which received over 24,000 votes.

While 34% said BTC will stay below $55k, over 26% said the crypto asset would be $100k and 19.5% voted for $288k per coin.

On Friday, Crypto Capital Venture told his 19,000 Twitter followers that $100k will happen but the crypto asset would probably slide back down to $30k. “Bitcoin to $100k isn’t a final destination,” he tweeted.

“It’s a pit stop; a service area where the rest of the world will finally have a chance to say ‘Ok, let me get on board please.’ … And then it’ll retrace to $30k.”

In other breaking Bitcoin News today:

More Than 32,000 Bitcoin or About $335M Has Been Withdrawn From BitMEX After The US Government Charges Its Owners

In the aftermath of criminal charges against BitMEX, the crypto community is debating whether the decentralized finance sector is also set to face the wrath of regulators.

On Oct 1, the U.S. Commodity Futures Trading Commission announced charges against three BitMEX executives for violating the Bank Secrecy Act (BSA) due to the exchange’s allegedly weak anti-money laundering and know-your-customer (KYC) policies.

DeFi protocols, including Decentralized Exchanges (DEXs) have made a virtue of having minimal AML and KYC procedures.

However many now wonder if DEXs are also obliged to comply with the BSA, even though most projects seek to decentralize ownership and governance throughout their communities.

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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:

Tonight, @FLOTUS and I tested positive for COVID-19. We will begin our quarantine and recovery process immediately. We will get through this TOGETHER!

— Donald J. Trump (@realDonaldTrump) October 2, 2020

https://cointelegraph.com/news/why-the-bitmex-charges-could-be-bad-news-for-defi

https://www.coindesk.com/bitcoin-stock-trump-covid

https://news.bitcoin.com/bitcoins-big-believers-6-digits-inevitable-btc-has-a-better-chance-of-going-to-100k-than-zero/