hey what's going on guys you can become rich with bitcoin what you need is patience and stomach to forestand volatility in this video we will take a look at some bullish bitcoin signals then we will take a look at the new bitcoin price prediction if you look at a bitcoin price action today it is trading lower comparing to the last couple of days btc is down by more than four percent as of the time with this recording and its current price is around 10 500 bucks many people might be curious why bitcoin is down today well the truth is bitcoin cannot be in green 24 7 365 days a year it is volatile it goes up and down and we should expect for bitcoin to be in the red from time to time sometimes a lot don't be surprised if you see bitcoin drops in double digit percentage in a single day it's just a part of the game if you have a stomach to for standard volatility and have a long-term view you will be handsomely rewarded speaking of this year we spent most of the time in green my rough estimation would be 70 to 80 percent of the time this year we spent in green territory and we're still up more than 50 percent year-to-date while the stock market is just few points away from being down during the same time frame another very important feature of bitcoin is cash rate hash rate is the way we measure how much computing power everyone around the world is contributing towards mining bitcoin miners use the computing processing power to secure the network record all the bitcoin transactions and get rewarded in bitcoin for the efforts however since bitcoin having the bitcoin were dropped in half but the hash rate recently reached new all-time high current cash rate increased still 140 million stereo hashes per second it's up like 40 since may while the bitcoin price is only up by 20 so the bitcoin network becomes more and more secure despite that the bitcoin price is not that high at least not yet bitcoin mining difficulty increased today by 113 percent and it also reached new all-time high it's a third largest positive adjustment in the past two years another very important indicator that actually signaling that bitcoin price may go higher from here this chart represents short sum holder not unrealized profit slash losses the bounce from zero line was important it was a great indicator for previous bull markets and historically a good buying opportunity every time we bounce back from the zero line bitcoin increase in price respectively but let's also notice that bitcoin dropped below zero line in early 2018 and just recently when this pandemic came by in all those times bitcoin dropped in price significantly however it looks like we are in a similar situation where we were in the back 2017 bull market run the short-term holders line bounce back from zero as we're making new highs one after another so this could be another great time to scoop up some more bitcoin before price increases now let's take a look at the bitcoin price predictions recently i found the swung signal a great youtube bitcoin channel where the host was asking max kaiser and tonway about their bitcoin price predictions let's take a look what ton way said about his bitcoin price prediction first uh let's talk a bit about price guys uh tone i'm going to kick it off with you man uh you are a trader i know max spent some time on wall street as well so let's hear your predictions for price action over the next couple years i'm bullish uh i went bullish earlier this year i've been uh you know i had a rough uh 2019 uh most of the bitcoin went up uh from the early 2019 from around 3 000 all the way to 14 000 i was skeptical all the way up uh it then spend uh most of the spent the rest of 2019 uh falling back about 50 and uh just the market looks strange to me i kept waiting for you know another low felt like the bear market didn't last long enough uh people didn't feel the kind of pain they felt in the last bear market but all that changed in march now granted covet have a lot to do with it as all markets crashed but that day uh the day when bitcoin crashed the 3 800 that day the next day i became a long-term bear so my two years uh two years and two months of being a bear uh turned into being a bull so now i am expecting bitcoin to challenge new highs break new highs i i believe the next uh high uh the next peak will be about 45 000
i know everyone is waiting for plan b's stock to flow model hitting a hundred thousand next year uh i think that's a little uh optimistic i'm gonna be a little bit uh more uh you know realistic on this one i think 45k is a realistic target for bitcoin uh but i still think it'll take a little bit longer than people think uh it may even take until the next halving uh i the first week of this year i wrote an article saying that i expected bitcoin to spend the majority of the year below 10 000 and closing the year approximately at ten thousand we did spend the first six to seven months of the year below ten thousand uh so i guess the major for me the majority meant a little more than fifty percent closer to you know seventy uh but it looks like we were about 55 below 10k um i think we can still have a pullback to about 9k uh but i think if you get a chance to buy bitcoin below 10 000 uh you will only have one more chance to do it and you this is the last year to do it uh so uh if we fall back down and i'm not saying that we have to uh i still think there is a greater than 50 chance ever slightly that we fall below 10k one more time and that would be the last time uh sometime next year i'm expecting the break of 20k uh and uh it looks bright i think we're good into the next halving and then i'm sure there'll be another bear market because there always is one tom went bullish since the pandemic started prior to that he was bearish since bitcoin crashed below four thousand dollars back in march tons switched his position and he believes that bitcoin would reach 45 000 but his time frame is very interesting he believes bitcoin will reach that price target sometimes before the next having which essentially slightly less than four years from today he also believes that bitcoin will finish the year at around ten thousand dollars a coin i'm not going to be surprised if we finish the year at ten thousand dollars but personally i believe we will be relatively higher by the end of 2020 another very interesting chart i want to show you guys three things bitcoin price bitcoin previous all-time high and 200 days moving average essentially what this chart represents if 200 days bitcoin moving average breaks its previous all-time high moving average that means that btc will never drop below that price point level again in 2013 bitcoin 200-day moving average surpassed its previous all-time high moving average and ever since it never dropped lower the same happened in late 2016 bitcoin 200-day moving average surpassed its previous all-time high moving average which was actually a few years back in mid 2013 and now we're very close once again bitcoin 200 day moving average is very close to across his previous all-time high moving average which is at around ten thousand seven hundred dollars for that to happen we need to see bitcoin fluctuating at around twelve thousand dollars for few weeks if that happens and we will see the cross most likely you won't be able to buy bitcoin below that price so this could be your last time to buy bitcoin at around 10 000 bucks now let's take a look what max keiser said about his bitcoin price prediction yeah um so i look at bitcoin and bitcoin price in a lot of ways i look at it like i look at gold and the thing about gold is that it's not so much a reflection on what's happening in the gold market it's more reflection what's happening in the us dollar in the fiat currency market because an ounce of gold is uh no matter what the dollar is doing it's still an ounce of gold you know the dollar has been weak recently and gold's made of new all-time highs in the dollar and in all fiat currencies around the world does that mean gold's going up or fiat money is going down well it means that fiat money is going down an ounce of gold is still an ounce of gold in bitcoin it's that 10-minute emission schedule no matter what the the the price is the coins come every 10 minutes no matter what that's the equivalent of gold being priced in ounces bitcoins priced in the emission schedule in in the monetary policy in the the protocol itself everything that comes with it and the the price of bitcoin is also contingent to to a large degree to the dollar the the correlation between gold and bitcoin i'm sorry yeah between gold and bitcoin has never been higher than it is recently these two things are now trading para pursue to use a wall street term you know together and it's reacting to the dollar when the dollar is weak gold and bitcoin move higher so we to to understand and have a price prediction or a forecast for bitcoin and gold you you really you're asking what's your what's your forecast for the us dollar and the us dollar i think is you know the dxy is the is the dollar index and it's hovering around uh some uh support and it'll break that support and you're going to see some new lows in that in that dxy and then you're gonna see highs in bitcoin and and gold so uh now that's important because if you're investing in bitcoin you know you're gonna have a portfolio uh you're gonna have cash stocks bonds property and so the question is how much do you allocate to bitcoin and so if you want to be like warren buffett and get out of the dollar he went into japan market and he went into gold mining stocks okay as bitcoiners we'd be like i want to get out of the dollar i want more bitcoin that's my way of getting out of the dollar and so what percentage of your portfolio should be in bitcoin that's the question and everyone has a different answer to that if you've been in it for a long time bitcoin is a big part of the portfolio simply because it went up by a million percent so you know there's not much we can do about that you know i it's not prudent uh to have as much bitcoin perhaps as some of us have in relation to the overall portfolio but that's just a function of the fact that it went up by as much as it did so uh you know uh if i were being a wall street professional i would advise myself to be more prudent and have not as much of a percentage in bitcoin but i've learned to resist that temptation because ultimately i believe there's no top to the price of bitcoin because when it comes to the us dollar there is no bottom dollar like all paper money can go to zero they all go to zero or lose 90 to 98 percent of their value none of them last for 300 years they all go to zero that bitcoin and gold of course you know during the weimar republic in germany in the 20s gold went to a trillion rice mark to a trillion to one from a parity of one to one it went from one to one to a trillion to one during uh hyperinflation of the 1920s in germany i think it was a trillion to one but it was very very high so i i this could happen right now with the us dollar it's a [ __ ] currency it's going to zero so you know where is bitcoin going it's going a lot higher how much did you buy as much as you [ __ ] can max keiser did not really give any specific price target this time but from previous interviews we know that he believes that bitcoin will reach gold market cap and even higher in that case bitcoin will be somewhere in between four hundred thousand and five hundred thousand dollars a coin also a very important point to mention that if you are bearish on fiat currencies you should be bullish on gold and bitcoin they also basically the opposite of each other and we know that us dollar lost more than 98 of its purchasing power since it was created and it will continue to lose its purchasing power as fat prints more and more currencies so it's no brainer why need bitcoin in your portfolio let me know what do you guys think about those beat compressed predictions leave your thoughts in the comment section below smash that like button and subscribe
