Ep 1025: Bitcoin Can Burst to $2.1 Million Amid Largest Wealth Accumulation in History: Macro Guru! Song | Justin Verrengia | Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency 出售和存储加密货币 Bitcoin (BTC) News - season - 1
Ep 1025: Bitcoin Can Burst to $2.1 Million Amid Largest Wealth Accumulation 出售和存储加密货币 Bitcoin (BTC) in History: Macro Guru!
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About Ep 1025: Bitcoin Can Burst to $2.1 Million Amid Largest Wealth Accumulation in 出售和存储加密货币 Bitcoin (BTC) 出售和存储加密货币 Bitcoin (BTC) History: Macro Guru! Episode
Former Goldman Sachs executive Raoul Pal says an explosion of the crypto market cap by 200x in the next decade is within the realm of possibility, with a potential Bitcoin target price of $2,100,000 per BTC. “What I do know is if I just extrapolate the network adoption effects, the number of users, and where the number of users is going and assume it gets to somewhere between four and five billion in the next 10 years or so – which would be central bank digital currencies enabling it, all ticketing, a whole bunch of stuff going that way – the market cap of the space goes from $1 trillion to $200 trillion… People don’t realize the world has never seen an accumulation of wealth like that in history. This would be the 出售和存储加密货币 Bitcoin (BTC) shortest period of time of the largest accumulation of wealth ever seen.” Learn more about your ad choices. Visit megaphone.fm/adchoices
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Bitcoin Price Analysis: Can BTC Revisit $22,000 After Heavy Sell-Off?
Bitcoin price analysis indicates a minor pullback following a single day’s biggest fall since June 13. The price is currently trading near $21,300 and is managed to pause the further fall. BTC is still struggling to break above the resistance of $21,600.
After the recent consolidation, the price breaks down on the lower side evaporating the latest gains. A break below $20,000 could set the next cycle of sell-side run down. The massive sell-off in the previous session is showing that the bears have the upper hand.
The consolidation near the higher levels reflects that big players were not participants as can be seen with the decline in volumes. As the bulls look exhausted the rally fizzled out and faces strong resistance above $25,000.
As of publication time, BTC/USD is exchanging hands at $21,211.78, up 1.74% for the day. The largest cryptocurrency by market cap held the 24-hour trading volume at $29,298,822,666 with a loss of more than 19%.
Bitcoin Price Analysis: BTC Holds Key Support At $21,300; Hold Or Exit?
ETH Price Analysis: Bullish Hopes Resurface With This Reversal Pattern
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CRV Price Analysis: Bullish Reversal From $1 Mark 出售和存储加密货币 Bitcoin (BTC) 出售和存储加密货币 Bitcoin (BTC) Offers A 25% Upswing
Amid Market Correction EOS Price Rising At Full Throttle; Is $2 next Target?
- Bitcoin price manages to reclaim a part of the previous session loss.
- However, the downside risk remains intact below $23,000.
- All momentum oscillator favors bearish sentiment.
Bitcoin price looks for stability
On the weekly chart, the Bitcoin price analysis shows the continuation of the long-term downside momentum if certain conditions are met.
The bearish trend line from the highs of $69,000 acts as a strong resistance barrier for the bulls. Bulls attempted thrice to breach the bearish trend line but failed to do so. However, the price consolidates for a month near the support zone extending from $17,000 to $20,000. Thus, making it a crucial trading zone.
BTC appreciated nearly 45% from the lows of $17,567.45 to the swing high of $25,214.57.
The price completed a complete Fibonacci retracement and is currently struggling below 0.23% Fibo. retracement.
On the hourly chart, BTC slipped below the 21-day exponential moving average (EMA) as the trading week began.
After falling sharply in the previous session, the price consolidates near the $20,000 mark and made a sharp bounce back above $21,200.
However, the price still remains pressured below the moving average, indicating the presence of the sellers. At this point in time, every bounce is a selling opportunity.
A move above $21,500 on the hourly time frame could fuel further upside movement in the coin. If that happens, the first upside target could be found at $22,000 followed by $22,400.
MACD: The Moving Average Convergence Divergence is still below the midline with rising bullish momentum.
Popular Crypto Analyst Warns Bitcoin (BTC) Poised To Trap Bulls, Updates Outlook on Ethereum (ETH)
A closely followed crypto strategist believes that Bitcoin (BTC) is setting up 出售和存储加密货币 Bitcoin (BTC) bulls to believe that the $20,000 area could be the bear market bottom.
Pseudonymous analyst Pentoshi warns his 600,100 Twitter followers that Bitcoin has touched support around $20,000 three times in span of about a month.
“Things that look safe, but aren’t… Can we go up? Yes. Will 出售和存储加密货币 Bitcoin (BTC) these almost certainly get run and or lead into a nuke. Also yes. These almost always setup as a trap for longs that build over time thinking it’s ‘titanium support'”
Source: Pentoshi/Twitter
In technical analysis, bouncing off a support level multiple times suggests that a breakdown is in sight as demand at that particular price area gets exhausted.
Pentoshi also says that retail traders likely bought Bitcoin near the top of BTC’s recent rally, indicating more downside risk as those who got in late prepare to cut their losses.
“It’s interesting to note that despite people claiming they bought the bottom, most BTC changed hands at $24,000 where spot was distributed.”
The crypto strategist also highlights that Bitcoin is now trading below the 200-week moving average, an indicator that has marked the bottom 出售和存储加密货币 Bitcoin (BTC) for BTC during its previous bear cycles.
“BTC weekly 200 moving average enjoyooorrsss.”
Source: Pentoshi/Twitter
At 出售和存储加密货币 Bitcoin (BTC) 出售和存储加密货币 Bitcoin (BTC) time of writing, BTC is swapping hands for $21,400 while the 200-week moving average is hovering above $23,000.
As for Ethereum (ETH), the crypto analyst warns that the leading smart contract platform 出售和存储加密货币 Bitcoin (BTC) just respected a crucial resistance level, suggesting that the downtrend is very much intact.
“The story writes itself. ETH.”
Source: Pentoshi/Twitter
At time of writing, ETH is trading at $1,642, below Pentoshi’s marked resistance at $2,000.
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Bitcoin Price Analysis: Can BTC Revisit $22,000 After Heavy Sell-Off?
Bitcoin price analysis indicates a minor pullback following a single day’s biggest fall since June 13. The price is currently trading near $21,300 and is managed to pause the further fall. BTC is still struggling to break above the resistance of $21,600.
After the recent consolidation, the price breaks down on the lower side evaporating the latest gains. A break below $20,000 could set the next cycle of sell-side run down. The massive sell-off in the previous session is showing that the bears have the upper hand.
The consolidation near the higher levels reflects that big players were not participants as can be seen with the decline in volumes. As the bulls look exhausted the rally fizzled out and faces strong resistance above $25,000.
As of publication time, BTC/USD is exchanging hands at $21,211.78, up 1.74% for the day. The largest cryptocurrency by market cap held the 24-hour trading volume at $29,298,822,666 with a loss of more than 19%.
Bitcoin Price Analysis: BTC Holds Key Support At $21,300; Hold Or Exit?
ETH Price Analysis: Bullish Hopes Resurface With This Reversal Pattern
Tezos Price Analysis: XTZ Bounces Back Toward $1.60; Is Correction Over?
CRV Price Analysis: Bullish Reversal From $1 Mark Offers A 25% Upswing
Amid Market Correction EOS Price 出售和存储加密货币 Bitcoin (BTC) Rising At Full Throttle; Is $2 next Target?
- Bitcoin price manages to reclaim a part of the previous session loss.
- However, the downside risk remains intact below $23,000.
- All momentum oscillator favors bearish sentiment.
Bitcoin price looks for stability
On the weekly chart, the Bitcoin price analysis shows the continuation of the long-term downside momentum if certain conditions are met.
The bearish trend line from the 出售和存储加密货币 Bitcoin (BTC) highs of $69,000 acts as a strong resistance barrier for the bulls. Bulls attempted thrice to breach the bearish trend line but failed to do so. However, the price consolidates for a month near the support zone extending from $17,000 to $20,000. Thus, making it a crucial trading zone.
BTC appreciated nearly 45% from the lows of $17,567.45 to the swing high of $25,214.57.
The price completed a complete Fibonacci retracement and is currently struggling below 0.23% Fibo. retracement.
On the hourly chart, BTC slipped below the 21-day exponential moving average (EMA) as the 出售和存储加密货币 Bitcoin (BTC) trading week began.
After falling sharply in the previous session, the price consolidates near the $20,000 mark and made a sharp bounce back above $21,200.
However, the price still remains pressured below the moving average, indicating the presence of the sellers. At this point in time, every bounce is a selling opportunity.
A move above $21,500 on the hourly time frame could fuel further upside movement in the coin. If that happens, the first upside target could be found at $22,000 followed by $22,400.
MACD: The Moving Average Convergence Divergence is still below the midline with rising bullish momentum.