Tag: BTC (Page 1 of 2)

This CEO Now Sees Bitcoin (BTC) Surge to $100K

This CEO now sees Bitcoin (BTC) surge to $100K primarily based on the increasing ETF inflows, sources report.

The co-founder and CEO of market intelligence firm CryptoQuant thinks that Bitcoin exchange-traded funds (ETF) inflows could propel BTC to a new all-time high in the coming months, reports The Daily Hodl.

Ki Young Ju tells his 332,900 followers on the social media platform X that in a bullish scenario, he sees Bitcoin surging above $100,000 by the end of 2024.

The analyst bases his prediction on two metrics: BTC ETF inflows and Bitcoin’s realized cap, an on-chain metric that attempts to provide a better estimate of the crypto king’s market capitalization by eliminating long-lost and unclaimed coins in the calculation.

Using BTC’s realized cap, the CryptoQuant CEO identifies the potential ceiling and floor prices for Bitcoin this year.

“Bitcoin could reach $112,000 this year driven by ETF inflows, worst-case $55,000.”

Bitcoin Price Prediction 2024 - Can Bitcoin reach $100K?
Bitcoin Price Prediction 2024 – Can Bitcoin reach $100K?

Looking closer at the on-chain metric, Ki Young Ju says Bitcoin’s realized cap currently sits at $451 billion.

But he says ETF inflows could push BTC’s realized cap to more than half a trillion dollars.

“[The] Bitcoin market has seen $9.5 billion in spot ETF inflows per month, potentially boosting the realized cap by $114 billion yearly.

Even with GBTC (Grayscale Bitcoin Trust) outflows, a $76 billion rise could elevate the realized cap from $451 billion to $527-$565 billion…

With current spot ETF inflow trends, the top price could reach $104,000-$112,000.” 

Bitcoin (BTC) is currently trading at $50,000 at the time of this publication.

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Also Read: How To Invest In Bitcoin Cryptocurrency For Beginners

Other Crypto News Today

Market News Today - This CEO Now Sees Bitcoin (BTC) Surge to $100K.
Market News Today – This CEO Now Sees Bitcoin (BTC) Surge to $100K.

Bitcoin will now surge to $200,000 in 2025 says pseudonymous analyst Dave the Wave, per his crypto market data.

“BTC just shy of $200,000 in 2025 based on this prediction,” he stated to his 144,400 followers on social media.

Bitcoin to $200,000 | Dave the Wave.
Bitcoin to $200,000 | Dave the Wave.

He bases the estimate on Bitcoin’s logarithmic monthly moving average convergence divergence (LMACD), a long-term momentum indicator, as well as Fibonacci extension levels, which keep track of potential areas of support and resistance, reports The Daily Hodl.

Looking at his chart, the trader suggests the LMACD indicator is showing BTC has reached a market bottom and is in an uptrend that will reach nearly $200,000 by October 2025.

The trader also uses his version of logarithmic growth curves (LGCs), which aim to forecast Bitcoin’s market cycle highs and lows while filtering out short-term volatility.

“BTC solid and sideward within the range so far.”

Will Bitcoin Reach $200,000? Dave the Wave crypto market analysis.

According to the trader’s chart, the LGC’s support levels could be tested at the longer-term end of the channel near $30,000 or potentially at $38,000 if its shorter ascending channel stays intact.

The trader believes that the logarithmic chart accurately provides a longer-term view of Bitcoin’s price action.

“It really is astounding the effect time has on our perceptions – just three years ago the current BTC price in the $40,000 range was blowing everyone’s mind, where today it is thought all a bit passé.

This has something I think to do with ‘time preference’, where those with a high-time preference are very much focused on the present (present-minded), while those with the low on the future (a more ‘elastic’ frame of mind).”

Bitcoin $200,000 price prediction - Dave the Wave.
Bitcoin $200,000 price prediction – Dave the Wave.

Bitcoin (BTC) is currently trading at $45,163 at the time of this publication.

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Also Read: Crypto Investors Now See Bitcoin (BTC) Surging to Whopping $100K

Market News Published Daily 📰

Market News Today - This CEO Now Sees Bitcoin (BTC) Surge to $100K.
Market News Today – This CEO Now Sees Bitcoin (BTC) Surge to $100K.

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11/16/2023 – Today I invested $1,000 in two different stocks for a brand new stock dividend portfolio I am creating for 2024.



Bitcoin Will Now Surge To $200,000 in 2025 Says Analyst

Bitcoin will now surge to $200,000 in 2025 says pseudonymous analyst Dave the Wave, per his crypto market data.

“BTC just shy of $200,000 in 2025 based on this prediction,” he stated to his 144,400 followers on social media.

Bitcoin to $200,000 | Dave the Wave.
Bitcoin to $200,000 | Dave the Wave.

He bases the estimate on Bitcoin’s logarithmic monthly moving average convergence divergence (LMACD), a long-term momentum indicator, as well as Fibonacci extension levels, which keep track of potential areas of support and resistance, reports The Daily Hodl.

Looking at his chart, the trader suggests the LMACD indicator is showing BTC has reached a market bottom and is in an uptrend that will reach nearly $200,000 by October 2025.

The trader also uses his version of logarithmic growth curves (LGCs), which aim to forecast Bitcoin’s market cycle highs and lows while filtering out short-term volatility.

“BTC solid and sideward within the range so far.”

Will Bitcoin Reach $200,000? Dave the Wave crypto market analysis.
Will Bitcoin Reach $200,000? Dave the Wave crypto market analysis.

According to the trader’s chart, the LGC’s support levels could be tested at the longer-term end of the channel near $30,000 or potentially at $38,000 if its shorter ascending channel stays intact.

The trader believes that the logarithmic chart accurately provides a longer-term view of Bitcoin’s price action.

“It really is astounding the effect time has on our perceptions – just three years ago the current BTC price in the $40,000 range was blowing everyone’s mind, where today it is thought all a bit passé.

This has something I think to do with ‘time preference’, where those with a high-time preference are very much focused on the present (present-minded), while those with the low on the future (a more ‘elastic’ frame of mind).”

Bitcoin $200,000 price prediction - Dave the Wave.
Bitcoin $200,000 price prediction – Dave the Wave.

Bitcoin (BTC) is currently trading at $45,163 at the time of this publication.

For more daily crypto news and updates like this, opt-in for push notifications or join the popup newsletter.

Also Read: Crypto Investors Now See Bitcoin (BTC) Surging to Whopping $100K

Market News Published Daily 📰

Market News Today - Bitcoin Will Now Surge To $200,000 in 2025 Says Analyst.
Market News Today – Bitcoin Will Now Surge To $200,000 in 2025 Says Analyst.

Don’t forget to opt-in for push notifications so you don’t miss a single article!

Also, thank you to all of our blog sponsors.

This year we’ve been able to increase push notifications slots making it more convenient than ever for new readers to receive their daily market news and updates.

Scroll below to view my stock purchases this month!

You can also follow me on X (Twitter)InstagramFacebook, or LinkedIn for daily news and updates on your favorite stories.


Frank Nez’s Stock Portfolio

Wondering which stocks Frank Nez is holding? Which stocks is Frank Nez buying?

Frank Nez is now sharing his exclusive and personal stock portfolio with readers, only on the Patreon.

11/16/2023 – Today I invested $1,000 in two different stocks for a brand new stock dividend portfolio I am creating for 2024.



A Veteran Trader Now Becomes Super Bullish on Bitcoin BTC

A veteran trader now becomes super bullish on Bitcoin BTC once the cryptocurrency begins to close at a specific level.

A closely followed trader says he’ll become one of Bitcoin’s (BTC) biggest bulls if the crypto king manages to stay above a key resistance level, reports The Daily Hodl.

In a new strategy session, veteran trader Tone Vays tells his 122,000 YouTube subscribers that Bitcoin is trading within a very tight range, but he sees a path for BTC to break out and rally to $48,000.

“In a perfect world, we would start to rally here real soon, get back to the top of the range ($44,000) then fall back down to the bottom of the range $40,000, get some people scared, touch the [128-day] moving average [at $40,000]… and then rally from there.

Or just continue to consolidate and allow the [128-day] moving average to catch up.”

Tone Vays - Bullish on Bitcoin (BTC).
Tone Vays – Bullish on Bitcoin (BTC).

According to Vays, he’ll become “super bullish” on Bitcoin once BTC starts closing above $43,500 as it would suggest that the crypto king is gearing up to break out of its range.

In late December, Vays said Bitcoin would likely gather strong bullish momentum if it moves above $50,000. According to the analyst, sidelined traders would likely chase BTC at that point, ultimately leading to more rallies.

“The only other high to deal with [after going above $50,000] is going to be the $65,000 closing all-time high.

I think if Bitcoin starts to establish itself above $50,000, FOMO (fear of missing out) is going to break loose. Like the ultimate FOMO is going to break loose, everyone is going to be rushing in.”

At the time of this publication, Bitcoin is currently trading at $43,215.

You can watch Tone Vays’ Bitcoin (BTC) market analysis down below.

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Also Read: How To Invest In Bitcoin Cryptocurrency For Beginners

Market News Published Daily 📰

Market News Today - A Veteran Trader Now Becomes Super Bullish on Bitcoin BTC.
Market News Today – A Veteran Trader Now Becomes Super Bullish on Bitcoin BTC.

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Also, thank you to all of our blog sponsors.

This year we’ve been able to increase push notifications slots making it more convenient than ever for new readers to receive their daily market news and updates.

Scroll below to view my stock purchases this month!

You can also follow me on X (Twitter)InstagramFacebook, or LinkedIn for daily news and updates on your favorite stories.


Frank Nez’s Stock Portfolio

Wondering which stocks Frank Nez is holding? Which stocks is Frank Nez buying?

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Analyst Predicts Bitcoin Price To $170K By End Of 2022

Bitcoin Price to $100,000
Bitcoin Price Prediction $170,000

Capital.com analyst, Mikhail Karkhalev predicts Bitcoin will reach $170,000 by the end of 2022 or early 2023.

The analyst said, “Bitcoin’s prospects in the medium to long-term are promising“. He predicted Bitcoin to rise to $80,000-$85,000 by the end of 2021. But he’s not the only one who thinks Bitcoin will surge past 6-figures.

franknez.com

Welcome to Franknez.com – if you’re part of my Patreon group you know how much I love Bitcoin. BTC and AMC are my biggest plays right now.

Lets get started!

If you thought it was too late to get into Bitcoin, you’re not alone. I was in the same boat before I put my first $100 in the cryptocurrency. Now, $100 is not much to invest in but I was testing the crypto market to see whether it be something I could invest in long term.

So, I decided to purchase my first fractions of Bitcoin using the exchange known as Kraken. I bought in when BTC was around $60K per coin and then it plummeted to about $29K. Good thing I only put $100.

But here’s what happened next. I did a little more research and stumbled across the information that Bitcoin’s demand can easily send it to 6-figures per coin. I was sold and have put 4-figures in this vehicle around $32K. BTC has now risen close to $50K. Once BTC reaches $64K, I would have doubled my money.

Bitcoin Price Prediction: Forbes

According to Forbes, an expert panel has predicted that Bitcoin price will climb to well over $100,000 in 2021. A third of the panelist surveyed believe Bitcoin price could soar higher, reaching beyond $120,000 this year.

But get this, the panel average says Bitcoin price will skyrocket to a whopping $107,484 at some point during 2021.

Bitcoin Price Prediction Forbes
Bitcoin Price Prediction: Forbes

Experts are extremely bullish on Bitcoin. It’s a matter of supply and demand, similar to what we’re seeing with AMC Entertainment stock.

Bitcoin is a different monster though, with all respect.

Why Is Bitcoin Going Up?

Bitcoin price is going up mainly due to supply and demand in the markets. Institutions and retail investors alike continue to buy the limited cryptocurrency.

CNBC asked Chamath, an early Facebook investor and venture capitalist, how high he thinks Bitcoin will continue to soar earlier this year.

Listen to Chamath’s response below.

Chamath Bitcoin Price CNBC

“Where is it going? It’s probably going to 100, then 150, then 200 thousand”. Chamath was one of the first people to invest in Bitcoin a decade ago.

He’s worth more than $1 billion today and is the founder and CEO of Social Capital, an organization of investors focused on creating more opportunity globally.

How Much Was Bitcoin Worth When It First Started?

Bitcoin price started trading at approximately $0.08 per coin back in July of 2010 but was worth even less during inception.

Here’s how much money you would have today if you invested in Bitcoin when it first started:

  • $100 in BTC would = $61 Million today
  • $500 in BTC would = $308 Million today
  • $1,000 in BTC would = $617 Million today

But don’t beat yourself up for it. The important thing that matters today is that now you know just how much further Bitcoin price can reach.

It’s what you do today that matters.

Is Bitcoin Overvalued?

Most experts don’t think so. In a panel by Finder, 76% of respondants thought Bitcoin was not overvalued with only 24% saying it was.

Is Bitcoin Overvalued?
Is Bitcoin Overvalued? – Graph

I think most people are intrigued with what’s happening with Bitcoin today. FOMO (fear of missing out) is causing new investors to buy Bitcoin.

Because Bitcoin is limited, the cryptocurrency has a high demand. And it’s especially attractive when you compare gains from parking money in Bitcoin then the gains from a money market account.

Bitcoin could be a great vehicle to put some money in while its value continues to surge. One thing is certain and that is your bank will never give you these returns.

What Are The Top Companies Holding Bitcoin?

  1. MicroStrategy | 105,085 BTC
  2. Tesla | 42,902 BTC
  3. Galaxy Digital Holdings | 16,400 BTC
  4. Voyager Digital LTD | 12,260 BTC
  5. Square Inc. | 8,207 BTC
  6. Marathon Digital Holdings Inc. | 5,784 BTC
  7. Coinbase Global, Inc. | 4,482 BTC
  8. Bitcoin Group SE | 3,947 BTC
  9. Hut 8 Mining Corp | 3,522 BTC
  10. Riot Blockchain, Inc. | 2,243 BTC

These are the top 10 public companies with the biggest Bitcoin portfolios according to Decrypt.

Multiply the number of BTC each company holds by Bitcoin’s current price and you’ll be astonished by the amount of money that translates to.

The price of Bitcoin as of this publication is around $49.8K per coin. We’re so close to reaching $50K.

Should You Buy Bitcoin?

There’s no question about it. Bitcoin is correcting itself back to $60K per coin and with analysts prediction bitcoin to $100,000 and beyond, why wouldn’t you?

At first, I was hesitant about Bitcoin. I thought it was too late to buy it, I didn’t know you could buy fractions of it, and to be honest I didn’t even know how to buy it.

But if you’re interested in diversifying your portfolio now and want to put multiply your money with this cryptocurrency, read this article on how to buy Bitcoin with Coinbase.

Are you invested in other cryptocurrency?

Franknez.com

Are you invested in other cryptocurrency besides Bitcoin? If so, let me know in the comment section below what that crypto is. Or, is this your first time getting into Bitcoin? I’d love to know.

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