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Bitcoin News Alerts | Daily BTC News

873: CRYPTO ANALYST PREDICTS INCOMING BITCOIN RALLY TO NEW ALL-TIME HIGHS, NAMES TWO CATALYST FOR BTC!!

Bitcoin News Alerts | Daily BTC News

Bitcoin News Alerts

Investing, Education, News, Business, Tech News

3.6626 Ratings

🗓️ 14 March 2022

⏱️ 20 minutes

🧾️ Download transcript

Summary

A popular crypto strategist is outlining a path for a strong Bitcoin breakout en route to a fresh all-time high. Pseudonymous crypto analyst Pentoshi tells his 526,300 Twitter followers that he sees a potential scenario where the king crypto continues to print bullish higher low setups and ignites a parabolic rally to $72,000. A rally to Pentoshi’s $72K target represents an upside potential of over 83% for the leading cryptocurrency (BTC). Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

In today's show, it's been two years since the big crash. I'm going to be sharing with you the five things you need to know about Bitcoin this week. And as Kane Island Digital Research shares here, Bitcoin volume is a horrible indicator of price, but it is a decent indicator of sentiment. It's hard to think that volume could go much lower, which means Bitcoin must be close to a bottom. And Mark Yusko, the CEO of Morgan Creek Capital, he agrees and says the Bitcoin's sentiment, getting close to a bottom. And Mark Yusko, the CIO and CEO of Morgan Creek Capital, he agrees and says the Bitcoin

0:23.5

sentiment getting close to being washed out.

0:25.8

And Philip Swift, crypto analyst from Decent Trader, says Bitcoin balance on exchanges, making

0:30.5

new lows.

0:31.4

And as Sampan analytics shares here, this week will be big for crypto and equity traders,

0:35.6

as the Fed is expected to decide on a quarter point

0:38.0

rake hike this week. Bitcoin and Ethereum has been pegged to the S&P 500 in 2022, and these decisions

0:44.2

should impact cryptocurrencies greatly. And as shared here by Crypto Tony, Bitcoin macro update.

0:49.6

We are yet to see the capitulation dip as per every other macro dip. We have seen. Also in today's show,

0:55.1

crypto versus the physical, Michael Saylor and Elon Musk's inflation debate boils down to scarcity.

1:00.6

Quoting them here on crypto Twitter, Elon Musk asks, what are your thoughts about the probable

1:04.3

inflation rate over the next few years? And the giga Chad responded, USD consumer inflation

1:08.9

will continue near all-time highs. The asset inflation will run at double the rate of consumer inflation. Weaker currencies will collapse. And the flight of capital from cash, debt, and value stocks to scarce property like Bitcoin will intensify. And then Elon Musk added, I still own and won't sell my Bitcoin, Ethereum, or Doge for what it's worth.

1:28.6

Also in today's show, hedge fund billionaire Anthony Scaramucci predicts Bitcoin rally as inflation and more tensions cooled down.

1:35.5

That's right, who was recently interviewed and goes on to say, I see Bitcoin in its current status as an early adopting technological asset.

1:42.2

I think Bitcoin will be used in many Latin American countries as legal tender over time, not just El Salvador, but other countries. When it gets

1:49.3

to a billion wallets, then I think it's a mature asset. We could have a conversation about whether

1:53.4

or not it operates as an inflation hedge. And he also says he can see the Bitcoin price rallying

1:58.6

to $100,000 in the next 12 to 18 months. Also in today's

2:02.6

show, crypto analyst predicts Bitcoin rally to new all-time highs and names two bullish catalysts

2:07.6

for the King Crypto. That's right. The synonymous analyst Pentoshi sees a potential scenario

2:12.3

where Bitcoin continues to print bullish higher low setups and ignites a parabolic rally to $72,000. Also in today's show,

...

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