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972: CRYPTO INFLUENCER ADAM BACK SAYS BITCOIN CAN STILL HIT $100K THIS YEAR AS THE DEFI SECOR CRUMBLES!! Jun 29, 2022

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Crypto influencer Adam Back, inventor of Hashcoin (which is used in Bitcoin mining) and CEO of Blockstream, shared his thoughts on Bitcoin recently.

Responding to a Tweet claiming that Bitcoin would still hit six figures during the next market cycle, Back said that he believes Bitcoin could actually hit $100,000 this year as the DeFi sector crumbles.

Despite the cryptocurrency market being down significantly from previous highs, Adam Back remains bullish. In the midst of widespread fear and 40-year record inflation levels, Adam Back reiterated a statement from last year in which he claimed Bitcoin ($BTC) would hit $100,000 by year-end. Of course, we now know Back missed his mark on the previous forecast but BTC did briefly surge to almost $70,000 during November.

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971: BITCOIN COULD REACH $72,000 THIS WEEK ACCORDING TO S2F MODEL, BUT SOMETHING WENT WRONG!! Jun 28, 2022

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The notorious stock-to-flow model that was perfectly predicting the direction of Bitcoin's movement until the massive correction we saw in May and June suggests that the king crypto (BTC) will reach $72,000 this week, but it is unlikely to happen.

Previously, a Fidelity analyst explained why S2F is no longer accurate and will not be in the future. S2F's main source of prediction is the scarcity of the asset, which cannot drive the Bitcoin price alone, especially in modern markets.

With Bitcoin, we should add adoption to scarcity to see better results. Unfortunately, it is almost impossible to accurately calculate the technology's adoption rate in the future even if we compare it to similar technologies like mobile devices or the internet.

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970: FORMER CRYPTO BILLIONAIRE INSIST BITCOIN WILL SOAR TO $250K WITHIN NEXT 18 MONTHS!! Jun 27, 2022

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Venture capitalist Tim Draper thinks Bitcoin is going to go up more than 10-fold by the end of 2023. He isn't the only crypto mogul whistling in the dark.

During an interview with Forbes in January this year, Tim Draper offered an ambitious prediction: Bitcoin would hit a whopping $250,000 within a year. At the time, BTC was worth about $41,000.

"This is the year it's gonna happen," insisted Draper, who paid $18.7 million at a U.S. Marshals Service auction in 2014 for his stash of around 30,000 bitcoins (yes, that's $623 per Bitcoin). "By the end of this year—or early next year."

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969: TOP CRYPTO ANALYST WHO NAILED MAY 2021 BITCOIN COLLAPSE UNVEILS MASSIVE BTC PRICE TARGET!! Jun 26, 2022

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The closely tracked crypto strategist who accurately called the Bitcoin May 2021 crash says he could see BTC rising exponentially in the coming years.

Dave the Wave tells his 118,000 Twitter followers that based on his logarithmic growth curve (LGC) model, Bitcoin could potentially witness an increase of over 1,100% over the next four years.

"Who's to say we don't get something like this? The main idea at play in this chart is the multi-year trendline, cutting through the LGC, functions as a *mean* of price."

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968: HERE'S WHAT NEEDS TO HAPPEN FOR BITCOIN TO REVERSE COURSE, ACCORDING TO TOP CRYPTO ANALYST!! Jun 25, 2022

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A widely followed cryptocurrency trader is predicting what must take place for leading digital crypto asset Bitcoin to flip bullish.

Pseudonymous crypto strategist Rekt Capital tells his 319,000 Twitter followers that Bitcoin will likely continue to struggle until its buy-side volume starts to go up.

"[Bitcoin's] buy-side volume is below average so until that changes, chances for upside are also below average."

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967: 'FOOLISH' TO DENY BITCOIN CAN GO UNDER $10K - BTC BOTTOM NOT IN YET, SAYS LEGENDARY INVESTOR!! Jun 24, 2022

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Mobius Capital Partners co-founder Mark Mobius says leading crypto Bitcoin (BTC) has not reached its bottom yet after a prolonged downtrend.

"[As long as traders] are still talking about buying on dips that means there is a feeling of hope. That also means that we have not reached the bottom of a bear market."

In May, Mobius predicted Bitcoin would eventually reach the $20,000 mark before slightly bouncing and continuing to decline all the way down to $10,000.

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966: CRYPTO TRADER WHO CALLED CURRENT MARKET COLLAPSE MAKES BITCOIN BOTTOM PREDICTION - HERE'S HIS TARGET Jun 23, 2022

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The widely followed crypto trader and analyst who accurately called the current cryptocurrency market downturn says the pain is nearly over and has a particular price target for Bitcoin in mind.

Pseudonymous trader Capo tells his 400,000 Twitter followers that the flagship crypto asset (Bitcoin) is in the process of forming a bottom about 17% down from current prices.

"BTC low time frame. Local bottom formation between $16k-17k."

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965: TOP CRYPTO STRATEGIST DETAILS BULLISH SCENARIO FOR BITCOIN AS BTC PRICE SURGES!! Jun 22, 2022

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A closely tracked crypto analyst is mapping out a potential scenario for Bitcoin (BTC) to trap bears and rally above $30,000 per BTC.

In a new strategy session, pseudonymous analyst Cred says that while Bitcoin still looks bearish, he sees a setup where the king cryptocurrency (BTC_ ignites a "meaningful" rally.

"What would the target for that be? I think to some extent it would require retracing much of the selling that took us here – a lot of this one-sided inefficient price action. On the weekly timeframe, my eye is drawn towards as far as it may seem at least the previous range low, broken support, turned resistance at $32,000."

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964: ANALYST WHO NAILED 2022 BITCOIN CRASH UPDATES BTC FORECAST, ISSUES FRESH ALERT FOR CRYPTO TRADERS!! Jun 21, 2022

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A popular crypto strategist who has accurately sounded the alarm on crashing crypto prices this year is now updating his forecast for the top two digital assets, Bitcoin (BTC) and Ethereum (ETH).

The pseudonymous crypto trader known as Capo says that the king cryptocurrency (Bitcoin) has been experiencing a pattern of support/resistance flips, where the previous support low becomes the next ceiling of resistance.

He tells his 392,900 Twitter followers that investors repeatedly fool themselves into believing that a brief relief rally means that BTC has reached a cycle bottom.

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963: BITCOIN WILL WHIPSAW TRADERS TO $100,000 THIS YEAR, SAYS BLOCKSTREAM CEO - HERE'S HOW!! Jun 20, 2022

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The chief executive officer of blockchain technology company Blockstream, Adam Back, says that the leading crypto asset Bitcoin could see a 5x increase in price by the end of the year hitting $100K per BTC.

"Everyone has their pet macro-views. My guess: stock market + US election season, moral hazard kicks up, quantitative easing ramps up again, rates drop again, money printer goes into overdrive. So the interest rate overhang falls off, and BTC decorrelates somewhere along the way once DeFi (decentralized finance) flushed.

My permabull case for BTC/USD [is] $100,000 this year. Plus a US physical Bitcoin ETF chaser (GBTC upgrade + other) would create a nice whipsaw and probably trigger a big uncoupling and positive reflexivity into a blow off top next year."

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