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DEATH CROSS: Dollars Enters Bear Market – ALTCOINS COULD FLY!

Jan 13, 2020 | Wealth Articles

The overnight futures market, which is more sophisticated and informed than the daytime retail market, is sending us a message right now. It’s loud and clear: a Bitcoin bounce is coming and $8,000 will be ancient history.

BTC futures pushed above $8,400 before profit-takers brought it back to the $8,000 level. Predictive analytics indicate that the next target is $9,500. That’s based on the consistent history of bullish CME “futures” gaps getting filled – Bitcoin is well known among futures traders for gapping up and pulling back (shaking out the weak hands) only to gap up harder the next time.

Besides the futures push, there’s another overlooked indicator: altcoins, which have held onto their recent gains with confidence. Unlike Bitcoin, the more heavily traded altcoins like Litecoin and Ripple avoided a major sell-off and maintained key support levels.

Courtesy: BeinCrypto.com

 
The takeaway is to ignore the head fakes perpetrated by Bitcoin traders and keep your eyes focused on the big picture: 2020 will be a blockbuster year for blockchain expansion and adoption.

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As the year progresses, be on the lookout for major themes in the blockchain space: 

  • Blockchain gaming will be huge and extremely lucrative for early-stage entrepreneurs. Expect famous names like Microsoft and AMD to capitalize on blockchain games, while the gaming experience itself will change through user-generated content, sports brand licensing, and participants staking their assets to receive interest. 
  • Enhanced usability for cryptocurrency users will be a recurring theme. Within the next year, transactions will become so seamless that oftentimes users won’t even know that they’re using crypto. 
  • Consumer privacy and protection will be a key feature this year. All platforms housed on the blockchain will have to implement end-to-end encryption, zero-knowledge proofs, and other strong measures to protect users’ metadata. 
  • Governments will finally get serious about getting on the blockchain. China has vowed to lead the way, and other governments and central banks will reluctantly get on board because they’ll have no choice. Regulatory constraints on blockchain projects like Libra will only expose governments as “technology-phobic” and behind the times. 
  • You’ll see more clearly how governments will tax capital gains on cryptocurrency trading. After all, there’s money to be collected and you know that Uncle Sam wants his piece of the pie. 
  • Blockchain developers will have to contend with quantum computers like Google’s Sycamore, which is already threatening to outsmart the Bitcoin network. 
  • Also expect increased clarity and transparency because there will be more reliable research and market data. Institutional and hedge-fund interest means better research and less hearsay – a win-win for the crypto markets.

A more robust, secure, and borderless blockchain network will pave the way for Bitcoin’s next bull market – not just a short squeeze, but a permanent plateau powered by adoption and, best of all, education.

Best Regards,

Brad Robbins
President, PureBlockchainWealth.com

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Legal Notice:
This work is based on SEC filings, current events, interviews, corporate press releases and what we’ve learned as financial journalists. It may contain errors and you shouldn’t make any investment decision based solely on what you read here. It’s your money and your responsibility. The information herein is not intended to be personal legal or investment advice and may not be appropriate or applicable for all readers. If personal advice is needed, the services of a qualified legal, investment or tax professional should be sought.

Please read our full disclaimer at PureBlockchainWealth.com/disclaimer

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The possibility of a bear market in Bitcoin is now invalidated. BTC against the U.S. dollar snapped through $8,600 so fast that the media didn’t even have time to report on it. #Marketwatch #Yahoofinance #Bloomberg #wsj

https://www.pureblockchainwealth.com/like-a-bumerang-bitcoins-back-the-mothership-sails-on/

The overnight futures market, which is more sophisticated and informed than the daytime retail market, is sending us a message right now: a Bitcoin bounce is coming and $8,000 will be ancient history. #Marketwatch #Yahoofinance #Bloomberg #wsj

https://www.pureblockchainwealth.com/death-cross-dollars-enters-bear-market-altcoins-could-fly/

In a time when China is reiterating its pledge to crack down on cryptocurrency exchanges while simultaneously promising to develop its blockchain technology, the key is to monitor your sources of information #Marketwatch #Yahoofinance #Bloomberg #wsj

https://www.pureblockchainwealth.com/2020-starts-with-bang-china-adopting-major-catalyst/

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