XRP PRICE COULD GO DOWN TO XRP PRICE COULD GO DOWN TO $0 BY NEXT FEBRUARY!!! | Bitcoin Recovers Above $7,500 | BTC News Today BY NEXT FEBRUARY | Bitcoin Recovers Above ,500

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3 Reasons Why Bitcoin Price is Macro Bullish & Could Soon Go Parabolic

Per a tweet from a prominent Cryptocurrency trader that went industry-viral, there are three reasons why he thinks the BTC price is entirely bullish on a macro basis:

Trader Satoshi Wolf recently noted that per his analysis of Bitcoin’s one-month candle chart over the past three years, there are at least three bullish technical analysis and fundamental signs that can be seen:

Firstly, the recent price decline that Bitcoin has seen from $14,000 to a low of $6,400 has been marked by decreasing volume, which he claims is “bullish.” Indeed, falling volumes in a downtrend would indicate that the sellers are gradually losing control.

Secondly, Bitcoin (BTC) in December decidedly bounced off the key $6,400 macro support level, which has been a level of utmost importance since early-2018, in December on high buying volumes.

And lastly, the block reward reduction for Bitcoin, which will decrease the inflation rate of the cryptocurrency by half, is on the horizon (May 2020). This event has been found to be correlated with upswings in the market.

This confluence of factors suggests Bitcoin may in the coming months explode past $10,000 and maybe even higher.

$75,000: Bitcoin’s Price is Set to Climb Exponentially If This Fractal Plays Out

Now one prominent analyst is explaining that Bitcoin’s recent price action is closely mirroring a fractal pattern seen just prior to the parabolic rise in early-summer of 2019, which may suggest that Bitcoin will soon rally into the five figure price region.

This rally may lead it into a significant resistance region, but it is important to note that there is a key level just above its 2019 highs that could catalyze a move that allows BTC to set fresh all-time highs.

BTC’s Rally Could Turn Parabolic If Next Upswing Leads It to Over $14,200 If the eerily accurate fractal that Dave The Wave muses continues playing out, it appears to be a strong possibility that the crypto could be just a mere matter of months away from its next parabolic phase that leads it up towards $75,000.

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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:

Yikes….Shorter to medium term. If price continues to break higher on another smaller parabolic run, the symmetrical triangle formed may serve to provide some resistance. Once that breaks

⬆️ pic.twitter.com/sl2DAUaBnd

— dave the wave (@davthewave) January 19, 2020

a) This would mean nearly 1,5 TRILLION marketcapb) money doesn’t grow in the treesc) remember you are using a log-based chart ( exponential profits can last forever)

d) please don’t forget also that a LOT of people follow and trust your words🙏

— Crypto Spain (@CryptoZeben) January 20, 2020

A good mate asked for my take on $BTCThe monthly chart says it all:1. Price decline + volume decline = Bullish2. Volume backed bounce off strong support = Bullish3. Halving = Bullish

Until something changes I am Bullish on #Bitcoin and will do everything to get more. pic.twitter.com/XGWxLUpCJF

— Satoshi Wolf (@SatoshiWolf) January 22, 2020

These 3 Reasons Are Why Bitcoin’s Price May Soon Explode Past $10,000

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Bitcoin Price on Verge of 1,000% Rally: Crazy Accurate Analyst Who Predicted BTC $6,400 Bottom

There are few Bitcoin traders that have been as accurate as Dave the Wave over the past year.

The pseudonymous cryptocurrency trader predicted in the middle of 2019 that the BTC price of the asset would retrace to the mid-$6,000s to enter a “long-term buying zone” after the over-300% rally that brought BTC from $3,150 to $14,000 in a few months’ time.

Bitcoin did just that, bottoming at $6,400 on December 18th, briefly entering the buy zone Dave the Wave laid out, offering investors with a rare opportunity to purchase the cryptocurrency at the peak of the feasible risk-return curve.

For the longest time, investors have been waiting for Bitcoin (BTC) to hit $100,000 – many think this is a price that will make the world, from Wall Street to Main Street, have true belief in BTC.

Right now, however, it seems entirely unfeasible for Bitcoin to hit $100,000 in the medium-term, for this price point lies around 1,000% higher than the current market price of $10,000 flat.

But, according to Dave the Wave, the cryptocurrency is still on a clear trajectory to enter a six-digit price point in the coming two to three years.

Dave backed this prediction by pointing out the cryptocurrency is on the verge of finishing a fractal correction and is about to break past of a long-term descending trendline, which marked the two swing tops over the past two years.

A move past the trendline, which will soon line up with the long-term buying zone for Bitcoin, is likely to kick off a rally to $100,000, Dave suggested.

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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:

Stay encouraged with any pullbacksAfter multiple weeks of green, a couple weeks of downward price action would be fine

Many were looking for the opportunity to buy and this could present ample opportunities

— Josh Rager 📈 (@Josh_Rager) February 15, 2020

ALTS barely flinched during the $BTC dump. In fact, it was barely a dump and there was barely a dip to buy.

All signs of how strong this market is and how strong $BTC & ALTS are.

Anyone who says they see weakness is just seeing a mirage in their head.

— Satoshi Flipper (@SatoshiFlipper) February 15, 2020

Price movements under $20,000 have only been a distraction to shake you out before $100,000 #Bitcoin

— Crypto Rand (@crypto_rand) February 14, 2020

For those getting stuck or confused on the shorter term call, here’s my view going forward. If you’re a holder/ investor, ignore the short term calls and focus on the medium/ long term.

Main point being, a consolidation to the buy zone would set BTC up nicely for its run. pic.twitter.com/AC2gv5VrGI

— dave the wave (@davthewave) February 16, 2020

Crypto Markets See Red as Bitcoin Begins Correction, How Low Will BTC Drop?

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For the first time since 2017, Bitcoin price pushed above $19,000, and multiple indicators suggest the BTC rally will continue on, breaking the $20,000 all-time high.

The BTC price hit $19,000 on Nov. 24 for the first time since the historic rally in December 2017. 

Three key reasons are behind this strong momentum of the dominant cryptocurrency.

The main factors buoying BTC’s ongoing rally is whale accumulation, decreasing exchange supply and explosive volume trends.

Ali Mizani (Founder of FiCAS AG, Swiss) has predicted the BTC price since 2016 when Bitcoin was around $900. 

He predicted massive growth in Bitcoin up to $4k in a few months. His prediction forecast came true and on August 13th 2017, Bitcoin reached the price of $4,023. And again, he predicted the bitcoin price to reach $18K in 4 months. 

“BTC price will fall in the next weeks and will reach 1/5 of its ATH in the next 2 years,” he said. Live on a TV interview with IRIB channel 5. A few weeks later, the bitcoin price fell rapidly, below $7,000 by April 2018. Then on the 12th of December, 2018 Ali’s prediction came true and bitcoin touched $3,378.

His next Bitcoin prediction was to get highly close to $7-9k. 

“BTC Price will reach $7k – $9k at the very end of 2019,” he said on the 11th of April 2019.  As 2019 was coming to its end, the price of bitcoin was hovering around the $7,300 mark. 

Many predictions were off this mark, especially from bitcoin evangelists that were too optimistic with their estimates. Ali’s prediction became true and at the end of 2019, the closing price was about $7,240. 

Ali Mizani is a researcher, inventor, and futurist managing one of the most lucrative cryptocurrency asset portfolios worldwide. He is the Founder/CIO of FiCAS AG. a Swiss regulated professional company for crypto asset investment advisory.

Ali Mizani thinks the trend is going to be upwards. When Bitcoin hit around $16000, a lot of analysts think that the US election 2020 may have influenced the price, but he thinks that was a normal trend and with or without the effects of the US election on bitcoin price, no doubt, the trend had to be upwards.

He thought BTC will reach $18k to $20k by the end of 2020 and he was right again. And good news, it is not going to be the end of the line. He thinks the BTC price can and will reach $200k to $300k by the end of December 2021 to March 2022. 

In other trending Bitcoin News today:

“Ethereum 2.0 Confirmed For Dec. 1 Launch Just Hours Before Deadline”

Eth2’s beacon chain genesis has been confirmed for Dec. 1 following the transfer of 524,288 Ether (ETH) from 16,384 validators into the Eth2 deposit contract since it went live on Nov. 4.

Despite early concerns stemming from low staking participation, transfers to the deposit contract rapidly increased over the past day, with more than 200,000 ETH sent to the contract in the past 14 hours.

Ethereum 2.0’s beacon chain genesis is now set to take place on the earliest possible launch date of Dec. 1, with genesis taking place seven days after the required deposit contract’s threshold was met.

While genesis participants will not be able to withdraw their coins until ETH 2.0 reaches Phase 1.5 — which will merge the Ethereum mainnet with Eth2’s beacon chain and sharded environment — many hodlers are waiting for third parties to launch withdrawal-enabled staking services, despite the potential risk of exit scams.

The deposit contract’s threshold was met with roughly nine hours to go until its deadline.

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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 did it! Ethereum’s proof of stake chain will launch on December 1st.

💯%. We have now reached the minimum necessary for chain launch, including the pending transactions pic.twitter.com/kPGNX6qqk6

— Evan Van Ness (@evan_van_ness) November 24, 2020

99%

— vitalik.eth (@VitalikButerin) November 24, 2020

If Bitcoin flippened Gold, each Bitcoin would be worth $450,000.

— Dan Held (@danheld) November 23, 2020

https://www.prnewswire.com/news-releases/bitcoin-will-reach-200k-300k-by-the-end-of-2022–predicts-ali-mizani-oskui-cio-of-ficas-ag-301179599.html

https://cointelegraph.com/news/eth-2-0-confirmed-for-dec-1-launch-just-hours-before-deadline

https://cointelegraph.com/news/why-bitcoin-price-just-hit-19-000-for-the-first-time-in-3-years