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‘Enormous Wall of Money’ Coming Into Bitcoin, Price to Reach $1 Million in 5 Years, Says Raoul Pal

Macro strategist Raoul Pal says the price of bitcoin will reach $1 million in five years. He attributes the price increase to adoption by large pools of investors and the “enormous wall of money” coming into bitcoin, rather than because “the world is collapsing.” $1 Million Bitcoin in 5 Years Former hedge fund manager Raoul Pal shared his view on the economy, gold, and bitcoin last week in a podcast interview with Daniela Cambone of Stansberry Research. Pal previously co-managed the GLG Global Macro Fund in London after departing Goldman Sachs where he co-managed the hedge fund sales business in…

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Bitcoin Price Forecast: BTC/USD Still Stuck Under $12k; BTC Market Dominance Plummets

Bitcoin price renews the uptrend but bulls fail to contain the gains above $12,000. BTC dominance in the market is falling mainly due to the stalling prices and the meteoric DeFi growth. Bitcoin price has in the recent weeks temporarily paused the uptrend that has put it head-to-head with the precious metal, gold. Following the dive to the lowest price of the year in March ($3,800), the correlation between the two assets (BTC and gold) grew significantly. On the other hand, the correlation between Bitcoin and the traditional market has in recent months dwindled. For instance, as Bitcoin stalls, the…

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Bitcoin Price Forecast: Is This BTC/USD Ultimate Ticket To $12,000?

Bitcoin falls back to $11,300 but creates fresh demand for the ultimate lift-off to $12,000. BTC/USD is battling the seller congestion at the 50 SMA ahead of another breakout above a descending trendline resistance. Bitcoin slumped towards $11,000 once again as predicted on Thursday. The dive back to the drawing board occurred following BTC’s failure to contain accrued gains above $11,500. The reversal failed to find support at $11,400, forcing Bitcoin farther down. The price retested support at $11,100, in turn, forming a double-top pattern. A double-top pattern is a typical textbook trading pattern used in technical analysis to signal…

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Bitcoin Price Forecast: Why BTC/USD Is Stalling Despite Reclaiming $11,600 Support?

Bitcoin bulls are having a hard time building upon the ascending channel support. BTC/USD is holding above the 50 SMA support amid the bulls’ desire to keep the price above $11,600. Bitcoin continues to struggle with reclaiming the lost ground above $12,000. In fact, the weekend session saw the bearish dominance strengthen, sending BTC towards $11,000. Support at $10,500 failed to hold just like the support at $11,400. Bitcoin traded a weekly low at $11,369.82 (on Coinbase). Recovery has occurred above $11,600, however, BTC bulls are having a hard time building the momentum towards $12,000. Most analysts believed with the…

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Bitcoin Price Forecast: BTC/USD Bulls Set Eyes On The Prize As $12,000 Beckons

Bitcoin recovers from the dip to n$11,100 but hits a wall at $11,800. BTC/USD is likely to embrace support at the 61.8% Fibonacci level and relaunch the mission to rise above $12,000. Bitcoin price has shown resilience since the beginning of the week. This week started with action above $12,000 but BTC hit a wall at $12,084 (on Coinbase). A reversal took over with the price making haste into the $11,000’s range. Struggle to hold closer to the critical level at $12,000 lost traction with the largest cryptocurrency pulling the entire market into a fresh selloff. BTC/USD explored levels close…

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A Billion Dollars Worth of Bitcoin Transferred in Single Transaction

A billion dollars worth of Bitcoin moved in single transaction Last week, according to Vice News who originally broke the story- an unknown person or group transferred 94,505 bitcoins valued at over $1 billion USD in a single transaction. Now, observers are scratching their heads over the question of who is responsible for the eye-popping transfer. Whale Alert, a Twitter account dedicated to live tracking of large cryptocurrency transactions, first spotted the transfer and tweeted an alert minutes after it happened late on Thursday night, EST time. That transaction seems to be one of the recipient address’ first, followed by…

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EXPERT PREDICTIONS & PRICE FORECAST FOR BITCOIN AND ETHEREUM 2019-2020

CRYPTOCURRENCY FORECASTS AND TRENDS FOR 2019-2020 The rush around the cryptocurrency market has passed, the bubble has burst and prices have reached a logical level for the development of this industry. But interest in digital money is growing. Against the background of last year’s boom, many believe that cryptocurrencies are dying out. In fact, they develop at a pace that was originally expected. Indestructible, Bitcoin takes first place. Based on its indicators, the situation in the entire market is built. Therefore, first of all I want to talk about the predictions of this particular cryptocurrency. Nevertheless, altcoins are developing every year. Some…

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EXPERT PREDICTIONS & PRICE FORECAST FOR BITCOIN AND ETHEREUM 2019-2020

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