With sentiment suggesting Bitcoin (BTC) and the crypto markets are about to go on a bull run, seasoned old timers are warning about the lessons learned from previous rallies. With Bitcoin correcting 5% in the past day, the Crypto Fear and Greed Index is back to 75. A measure of sentiment that looks at the volatility, market volume and social media activity of digital currencies, a reading of 75 equates to “greed,” down slightly from 84 — or “extreme greed” — that was recorded on Aug. 10. But both readings suggest expectations are sky high of boom times ahead. In …

Bitcoin (BTC) is copying what it did a year before its $20,000 all-time highs, and the new bull market has been here for over a year already. That was according to popular statistician Willy Woo, who this week shed further light on Bitcoin’s current price gains. Woo: Bitcoin “early main bull phase” began recently In a series of tweets on Aug. 10, Woo continued a debate begun by Bitcoin developer Jimmy Song, who himself debated the topic in the latest issue of his Tech Talk blog post series. “Yes. The bull market really started April 2019,” Woo responded, continuing: “What’s …

Amid the ongoing bull market, a major Bitcoin (BTC) advocate has delivered another promising price prediction for the largest cryptocurrency. Anthony “Pomp” Pompliano, co-founder of Morgan Creek Digital, believes that Bitcoin will continue to grow in the long-term to break the $400,000 threshold. Digital is bigger than analog — Bitcoin is bigger than gold In an Aug. 4 interview with crypto podcaster Peter McCormack, Pomp said that Bitcoin is poised to eventually hit at least $400,000 or $450,000 price levels with a market capitalization of $8 trillion. According to Pompliano, Bitcoin will steadily break new all-time highs because the cryptocurrency …

Major investment banking company Goldman Sachs says the price of gold will rise 20% to reach $2,300 before the end of 2022. The commodity hit new record highs on July 31 at more than $2,000 per ounce, but Goldman believes it still has a long way to go. According to a report cited by Bloomberg, the bank believes the price of gold will surge to $2,300 in the next 12 months — a revised forecast that originally predicted $2,000 — due to concerns over the US dollar’s standing. Analysts at Goldman Sachs stated on July 28 that a “record level …

According to Heisenberg Capital founder and Keiser Report host Max Keiser, the price of Bitcoin (BTC) would soon rally to $28,000. He believes the all-time high of BTC at $20,000 likely won’t act as resistance. Keiser, who is an early investor in unicorn Kraken and $100-million-worth Bitstamp, said: “The $20,000 level for #Bitcoin won’t pose any resistance. We won’t see any resistance till $28,000. A brief pullback then the assault on $100,000 begins with renewed vigor.” In the past 12 days, the price of Bitcoin has increased from $9,200 to $12,000, marking the highest price in over a year. The …

Retail traders on Robinhood have been increasingly seeing “fear of missing out” or FOMO rallies around certain stocks. The latest beneficiary has been the stock price of the renowned camera manufacturer Kodak (KODK) whose stock surged from $2 to $60 in one day. Therefore, given the current climate of economic uncertainty and “infinite QE,” if the optimism around risk-assets flows over to Bitcoin, chances of a similar rally for BTC price — as some analysts are currently predicting — certainly increase. Moreover, following the Federal Reserve’s FOMC meeting on July 29, strategists expect the overall sentiment of investors to recover, …

Bitcoin (BTC) will not stop rising until it hits $28,000, Max Keiser believes as the largest cryptocurrency gains over 20% in a week. In a series of tweets on July 27, the famously outspoken host of the Keiser Report forecast that BTC/USD was headed for six figures after a correction period near $30,000. Peter Schiff is “puking his brains out” Keiser made the prediction as Bitcoin passed $11,200 during a day of surprises. As Cointelegraph reported, $10,000 managed to hold for longer than a matter of hours, and data indicated that this latest trip to five figures was sturdier than …

Though some on-chain activity for Ethereum is similar to the conditions before the price rallied to its all-time high in 2018, it failed to demonstrate the same bullish behavior in 2020. According to a July report from Xangle Research on Decentralized Finance (DeFi) in Q2 2020, research analyst Jehn Kim determined that on-chain transaction volume on the Ethereum blockchain increased roughly 62%, around a 52-week high on June 23. Transaction fees also rose approximately 688%. The analyst noted that these on-chain stats “partially resemble the spike seen during the bull run in 2017-2018,” when Ethereum (ETH) reached its all-time high …

Bitcoin (BTC) and cryptocurrencies will not get their big break thanks to the problems with the fiat economy, says veteran trader Peter Brandt. In a series of tweets on July 22, the popular commentator forecast that in future, the world will resort to so-called special drawing rights (SDRs) based on multiple fiat currencies. Bye bye gold standard Similarly, a return to the gold standard will not occur, Brandt claimed, while the SDR setup would likewise not include Bitcoin or altcoins. SDRs were created by the International Monetary Fund (IMF) in the late 1960s as an extension to member states’ reserves. …

Major investors in the biggest altcoin Ether (ETH) likely moved almost $200 million to exchanges in a fresh hint that price volatility will now hit. Data from on-chain analytics resource Santiment on July 23 suggested that 700,000 ETH ($182.7 million) made its way to exchange wallets in just three days this week. ETH transfers “forewarning of the pump” The movements coincided with known non-exchange wallet balances declining by roughly that figure, implying that whales were preparing to sell or trade ETH en masse. “Nearly 700K $ETH were moved by top 100 whales in the past 3 days. Over this time, …

In July 2017, John McAfee said he would “eat his own dick” if Bitcoin does not hit $500,000 within three years. Today, BTC is hovering at a mere $9,130 and its price must increase by more than 5,376% to meet McAfee’s prediction. John McAfee tweets he would eat his dick if Bitcoin doesn’t hit $500k. Source: John McAfee Twitter In general, Bitcoin quite clearly got nowhere near $500,000 in the past three years. Not only that, but McAfee is also seemingly backtracking from his $1 million per BTC prediction. Last year, McAfee said he is positive Bitcoin goes to $1 …

Bitcoin’s (BTC) active supply has hit a 19-month low of just over one million Bitcoin. This could signal a potential strong price increase if it plays out in line with the findings of a report from asset manager Stack Funds earlier this month. Bitcoin active supply. Source: Glassnode Consistent with the 2017 bull run The active supply saw a sharp increase earlier this year with a 16% increase in less than three weeks to over 1.3 million Bitcoin. Looking at the 90-day moving average over the last three years, this pattern of a sharp increase followed by an almost equal …