Bitcoin Will Break Above $100,000 In Six Months, CEO Omar Chen

Bitcoin price predictions currently are being fueled by the present price movements in the asset. Prominent figures in the market continue to come out with optimistic price predictions for the asset. $100,000 so far seems to remain a favorite of the majority, with so many believing that the digital asset is set to break that price by year-end. Among the people who believe this prediction is’s CEO, Omar Chen.

Talking to Cryptogeek, Chen talked about the bitcoin market. The price movements of the digital asset were a major focus for the CEO as he explained that he believed that bitcoin had already seen the bottom for this year, which he placed at $30,000. According to Chen, while the digital asset could have fallen lower below $30,000, “most of the risk is priced in.”

Related Reading | Bitcoin Accumulation Patterns Shows Rally Might Only Be In Its Early Stages

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For Chen, the fact that bitcoin is a deflationary asset and the scarcity of the asset remains the most attractive monetary attribute of the asset. The 21 million supply cap of bitcoin has always worked in the favor of the asset. As supply runs low, the demand for the asset is set to exceed the available supply, which would, in turn, lead to a surge in the price of BTC.

Growing Interest In The Bitcoin Market

Interest in the cryptocurrency market as a whole has continued to grow these past years. Despite the long stretch that bitcoin spent in a bear market after the 2017/2018 bull market ended, interest in the digital asset has not declined. Rather, the market has witnessed an influx of new investors into the market.  The returns on the digital asset have also helped on the adoption front, outperforming gold and other top assets in the financial market.

Bitcoin price chart from

Bitcoin price chart from

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BTC price drops 10% in 24 hours | Source: BTCUSD on

Chen likened the adoption of bitcoin to the internet back in the ‘90s. Acceptance was sluggish at first as people discounted the impact that the internet would have on the future. Chen predicts that going by this pattern, the market will see another 100 million new users in the coming 2-3 years.

Related Reading | Crypto Market Cap Inches Closer To $2 Trillion, What To Expect From The Market

A large number of users like this would definitely see the value of bitcoin shooting up. Everyone would want to own a piece of the top cryptocurrency, leading to increased demand, but the supply will not change. In fact, supply will continue to reduce as halvings happen in the market, leading to less BTC being awarded to miners for every block that they mine.

2025 Is The Year Of Omnipresence

Following Chen’s analysis of the movement of bitcoin being similar to that of the internet in the ‘90s, the CEO sees a rapid spread of the digital asset all around the world come 2025. Chen’s analysis would see the asset become more mainstream by 2023, most likely coming from adoption from both major and minor companies. Then widespread use of the digital asset around the world as it becomes more acceptable.

Related Reading | Bitcoin AT $46K, Will The Market See $50K Before The Next Bear Market?

Chen pointed out that the next 2-3 years will see some themes that will be at the forefront of the market. “I think in the next 2-3 years, compliance, institutionalization, and even the entry of sovereign institutions into the market will be the main theme,” said Chen.

Bitcoin’s price has held up quite nicely in the market over the past couple of weeks. The bull rally saw the asset bounce around the charts before settling down, making $44,000 its new support point, despite losing over 10% in the last 24 hours.

Featured image from Cryptopolitan, chart from


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On-Chain Expert Predicts $162K Bitcoin Peak This Cycle

Bitcoin continues to beat expectations this year. Despite most investors speculating the bull market was already over, the digital asset has posted another rally that shows that the market might in fact still be in a bull cycle. The last two weekends have seen bitcoin prices adding at least $4,000 in the span of three days. Breaking what has been a slow and brutal downtrend cycle in the market for the last month.

Now, on-chain expert Willy Woo was on the podcast What Bitcoin Did to talk about the price of bitcoin and give his predictions regarding the price. Woo, for one, does not believe that the digital asset has peaked yet for 2021. Giving incredibly positive predictions for the asset for the rest of the year. With just five months left to go, there is still ample time left for various predictions to play out.

Related Reading | Bitcoin To Reach New All-Time Highs, Market Strategist

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Willy Woo’s forecast shows that the expert still believes the bull run is still on, made evident by the recent price movements registered in the market. Digital currencies like bitcoin were showing gains of up to 10% in a day as prices rallied to push the coin value higher.

No Bear Market

Woo said on the podcast that there would be no full-blown bear market following the ending of the current bull cycle. This would mean that the price of bitcoin would most likely keep fluctuating, but probably never get to the points the market had following the last bull market in 2018.

Related Reading | Fast Money’s Brian Kelly Remains Bullish On Bitcoin, Here’s Why

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Continuing on, Woo said there would be no repeat of the 2013 cycle imprint. Bitcoin would likely chart new courses, as even now, the digital asset has shown deviating patterns from other bull markets. As it seemed the bull market had drawn close after the May price crash. But the recent recoveries show that indeed, the digital asset is charting new courses going forward.

Following this, Woo believes the digital asset’s price would just wander around with supply and demand. And even halving events that lead to a price increase would have significantly less impact on the value of the asset.

Related Reading | Why Another Wave Up For Altcoins Is Probable According To BTC Dominance

Woo predicted bitcoin peaks would be less dramatic. Since price peaks of the digital asset have almost always been a short run-up, which leads to new all-time highs. Followed by sharp price crashes that usher the beginning of the next bear market. This would mean that bear phases would be shorter also, according to Woo. Lasting for fewer periods of time than previous bears.

Future Bitcoin Price Action

Woo’s price prediction for Bitcoin placed it at $162K. Going as far as saying that a $200,000 price mark is still possible for the digital asset this year. This puts Bitcoin on a tremendous run path to get to such a high prediction.

Bitcoin price chart from

Bitcoin price chart from

BTC price continues to trend around $39,000 | Source: BTCUSD on

But with factors like miners getting situated after the China exodus and mining difficulty going back up, the price of the digital asset could very well be on its way to another rally.

Woo also commented on the extended theory cycle for the coin, predicting that the asset will gain even more popularity after the current cycle ends. Commenting more on his price predictions, Woo said, “I have this model. In past cycles, it hit the upper bound before the bull market ended. I have this great situation where I don’t have to be exactly right cause it’s just a moving target. The upper band today is $162K. The current trajectory, $200K.”

Related Reading | 8 Green Candles: Here’s What Happened The Last Time In Bitcoin

Like with every other prediction, only time will tell if Woo’s prediction turns out to be the case. But this provides more insight into the fact that bitcoin maximalists still believe the pioneer cryptocurrency to be wildly undervalued even at its current price.

Featured image from CNBC, chart from


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Interview: Crypto Damus On Successfully Combining Bitcoin TA With Financial Astrology

Bitcoin is booming all over mainstream finance and throughout social media. Other cryptocurrencies are nearly as hot, and even meme stocks like GameStop, AMC, and others have brought retail into finance like never before. It also has uncovered some of the more unorthodox parts of finance, such as financial astrology.

Financial astrology has been around for as long as markets have been trading, but has recently become popular through the likes of Twitter and TikTok influencers. But not everyone is hopping on the trend. We’ve had the opportunity to sit down and speak to a pro in astrology who spent more than two decades learning the craft. They’re a leader in the field of financial astrology and technical analysis market timing, and are here to explain how the innovative combo can be applied to Bitcoin, Ethereum, and other cryptocurrencies.

Interview With Financial Astrologer, Technical Analyst Crypto Damus

NewsBTC: Can you start with a short introduction with how you first became interested in financial astrology and how that journey began?

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Crypto Damus: I had noticed many correlations between markets and astrology over the years and read an article in The Mountain Astrologer about the financial astrologer Ray Merriman. I subscribed to his reports for a few years and became inspired to create my own forecast report specifically for Bitcoin and Crypto.

What came first, an interest in astrology or finance? And where does Bitcoin and crypto come into the fold for you?

I had already been involved in astrology for many years before getting specifically into financial astrology. I got interested in Bitcoin in 2017 and was curious to see if I could bring astrology techniques to predict Bitcoin price movement and started a free report in late 2017. We had some success early on and went to paid subscription in 2019. In 2019 we predicted the January market bottom in January and also the spring rally and June blow off top down to a ten day period months in advance, and also predicted the months long summer/fall downtrend that followed. We also predicted the March 2020 sell off, although not how severe it would be. Since then we have successfully called many major market tops and bottoms. But we have made mistakes too, Astro TA is pretty new and I continue to learn, improve and refine my techniques.

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What about Bitcoin do you believe in?

I believe Bitcoin is part of several larger trends. First I believe Bitcoin is the first international world currency that transcends international borders and national currencies and central banks, this can help world commerce and bring people together and unify the world. Second, Bitcoin is part of the generational technological shift in global finance from material value like paper money and Gold into digital value. Third, Bitcoin and Crypto in general is clearly part of a larger generation shift in investing; clearly Crypto is the new stock market for millennials and one of the best performing assets in the world on a 5-7 timeframe. Bitcoin presents a generational investment opportunity.

Obviously this is a lot further sweeping of a question, but what are some key points that cause you to believe so strongly in financial astrology and astrology in general?

This is a longer discussion but generally I consider astrology to be a universal language that reveals the deeper nature of reality. The correlation of Astrology to world events and market movement are clear and compelling, the data we have is convincing and we think astrology adds another component to trading and investing that combined with other types of analysis, can give an edge. For example in Sept 2019 on Twitter and in my subscription reports I predicted and warned my followers of a major global crisis in 2020 and recommended Gold specifically, which did very well in 2020, unfortunately we were correct and knowledge is power, knowing what’s coming can help you prepare. I can’t tell you how many people have told me they thought astrology was BS until they started following my analysis ! When they see the astrology play out in market piece action the correlations are undeniable.

How did you arrive at the Crypto Damus name?

LOL, well it’s basically a play on the famous astrologer Nostradamus who was said to be able to accurately predict future world events.




Why do you think there are some people so opposed to the idea that astrology can work?

There are a variety of complex reasons but it’s basically a symptom of closed mindedness to something you don’t understand. I mean honestly there is no rational reason why astrology works, you have to have a bit more open mindedness to a more mystical perspective that all things are somehow interconnected.Today we live in such a scientific materialist paradigm where science and logic are highly valued and this creates a lot of closed minded attitudes to more mystical, intuitive arts like astrology. I mean I love science but it’s not the only tool in the box. Astrology is such a unique language that many don’t understand and haven’t taken the time to understand and there is no way to “prove” astrology works, so many people simply reject astrology without actually genuinely investigating it for themselves. It’s like listening to someone speak Chinese and thinking it’s a bunch of gibberish simply because you don’t personally understand it. Also I think there is a misconception that Astrologers believe the planets “cause” events to happen, in general we look at it more as a language and as a study of energy pattern recognition and analysis. I offer a range of astrology education to help change this!

What are your thoughts on the rise of financial astrology influencers on Twitter and TikTok recently, ie: Maren? What impact are they having on the practice?

Social media in general is an amplifier for both information and disinformation, but if it’s used skillfully it can be a great way to introduce people to astrology. I mean generally I think it’s positive because it gets people, especially a younger generation, interested in astrology. Millennials are very interested in astrology and also in Crypto, so it’s a natural fit. Also Crypto people seem to be inherently a bit more open minded in general and I think they are more open minded to astrology. Maren specifically is quite controversial for a variety of reasons (valid or not) and people either seem to love her or hate her. Maren kind of stormed into the Crypto world and got a lot of attention for the same work I had been doing for years, which was a bit annoying. On the other hand she brought a lot of interest to financial astrology and more interest in my work as well. Some people don’t like it because she does a lot of videos in lingerie or whatever but I think it’s different and unique. I’m friendly with her and I was on her Podcast in January, but I don’t actually follow her work closely. Overall if she is reaching a younger audience, bringing more genuine interest to astrology and helping people to understand astrology better, I think it’s a good thing. 

Trading Bitcoin And How Technical Analysis Works With Astrology

How exactly do you leverage financial astrology within your own technical analysis?

It’s quite complex, but basically we see astrology as another level of information that adds an edge to technical analysis and risk management. In one way you can say that astrological factors are simply another technical indicator that helps us understand the market price action and trend. Astrology can also help with timing and risk management, for example if you know a certain period is more or less favorable for trading you can add or reduce risk accordingly, it sometimes helps with when to close a trade, or take profits on a long term position. But like any technical signal it can give false signals too, so it;’s just one factor we look at.

Has financial astrology ever predicted any correct market actions for you, and if so, can you provide some examples of that success?

I think I already gave you two examples from 2019 and 2020, however we use it every day to help with swing trading as well as long term investing. I just recently accurately predicted the recent late July Bitcoin rebound rally to the day, based on Moon Phase data combined with technicals, and told our subscribers to add to long term positions and go long at 30600. We also use it to help assess ALT Coins and have recommended LINK for several years and recently recommended ADA and BNB

TA infused with astrology is the Crypto Damus way | Source: BTCUSD on

Bigger picture data form 1977, 2000 and 2008 indicates Stock Market rallies tend top out in the middle of Uranus- Saturn hard aspects followed by multi year down trends. We have a Uranus- Saturn square in 2021-22, so we think the bull market in stocks could continue well into 2022, but likely tops out somewhere before OCT 2022, probably because the FED will have to raise rates.

Can you provide some examples of what – for example – Saturn conjunct with Mars might mean for Bitcoin?

Mars and Saturn are considered unfavorable planets, so when they come into conjunction it’s generally considered “bad luck” and brings problems, conflicts, epidemics and market corrections. Of course Mars and Saturn can in some cases also be favorable depending on the aspect alignments.

How do you combine conventional technical indicators with financial astrology to develop a working system?

That is an ever evolving thing. Right now in short term trading we study the planetary aspect picture, the moon phase data, and transits and progressions in the Bitcoin natal chart and come up with a rough forecast picture for Bitcoin. I also use my own natal chart quite a bit. One of the mysteries of financial astrology is that your own natal chart will often provide the most accurate information and clues for your personal trades. I work with other trades to identify favorable and unfavorable period s for trading. Then we study support and resistance levels, use traditional technical indicators like RSI, MACD and Stochastics with daily and weekly moving averages, and set some technical criteria for entries, stop losses and profit targets. So the astrology gives us a bear or bull bias on monthly and weekly time frames, then we use price action and technicals to confirm or invalidate our bias and also to manage the actual trades. We give all this info in our Patreon group and Substack reports

Is there truth to things like Mercury in Retrograde, for example?

Yes, Mercury rules travel, technology and communication, so when it goes retrograde 3x a years for three weeks each time these areas of like become more prone to problems. Technology in general and cars and phones and laptops more specifically seem to have more problems, or problems that have been brewing have to be dealt with. Also travel is more prone to delays and interpersonal communication can break down. It’s general discouraged to sign any long term binding contracts at that time. 

Related Reading | Mercury in Retrograde: Why Bitcoin Traders Fear The Astrological Event

But Mercury retro can also be good for certain things, like revising and editing, going through closets to de-clutter, returning to well worn places and visiting with old friend you haven;t seen. It;’s generally better for slowing down and re-thinking your approach rather than trying to push ahead too strongly or launch a big project, in this way astrology helps us be more in synch with the natural energy patterns of life. In financial astrology we often see whipsaw price action around Mercury retro and a change in market trend, we can often see problems, hacks and glitches at the major exchanges.

How about the sun and moon cycles? How do these behaviors impact markets?

Well, specifically in 2021 Bitcoin has made a remarkable correlation with Moon Phases. So far we have seen Bitcoin price trend down from the New Moon into the Full Moon, making seven market bottoms just before or on the past seven Full Moons within 1-3 days. And then rally strongly from the Full Moon into the New Moon, making 5/7 tops on the New Moon period. It’s not exact, but it’s close enough to give you a general ball park trend, and thus right now safer to trade long on the Full Moon and stay long into the New Moon and quickly flip short just before or on the New Moon. Now this correlation could change, but for now it’s been working.

And how can everyday individuals use astrology to better other areas of their lives outside of the financial world?

An astrology consultation from a professional astrologer can really provide profound insights into character and personality, career, relationships and money, it’s a powerful path for self knowledge. I give many consults to professional traders and investors looking for an edge. However astrology can be useful in many different areas of life such as medical astrology, geo location astrology and relationship astrology to name a few. Also following forecasts on general astrology can be very useful, as I mentioned, I and many other astrologers had predicted a major global crisis in 2020 ,and afterwards that the Pandemic would continue well into 2021, so this type of information can be helpful to know in advance. Specifically I predicted the Pandemic would improve May-July and worsen again in late July into late December, sadly appears to have been accurate so far.

Financial astrology dates back ages, and was highly popularized by W.D. Gann. Gann was equally considered a legend and a hoax due to the practices he claimed to rely on. What are your thoughts specifically on Gann?

To be honest Gann was doing his own thing, with math and geometry and other techniques, he did use astrological techniques but he is not really considered a financial astrologer per se. I get this question a lot but I haven’t studied Gann and don’t use his techniques, so I cannot provide any specific insights on this question

Are there any other worthy sources of financial astrology information? And how can the Bitcoinist audience learn more about what you offer?

As I mentioned Ray Merriman from MMA cycles is one of the leading financial astrologers in the field and does coverage of Stocks and commodities. Grace Stahre and my teacher Christeen Skinner are some others. For me personally I have been the leader in the field for financial astrology specializing in Bitcoin and Cryptocurrecies. My Patreon group with 2-3x week updates for active traders can be located at and all my info on subscription services, consults, education and tutorials is on my website at I can be contacted at [email protected]. You can also follow on Twitter at @AstroCryptoGuru.

Follow @TonySpilotroBTC on Twitter or via the TonyTradesBTC Telegram. Content is educational and should not be considered investment advice.

Featured image from iStockPhoto, Charts from


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Bitcoin Trend Strength Indicator Suggests Bull Run Isn’t Yet Over

Bitcoin price is still stuck well below $35,000 but any attempt to push prices below $30,000 are bought up in minutes. Eventually, one side will have to break, and according to a trend indicator, it could be in favor of bulls.

The tool, which measures the strength of a trend, suggests that the more dominant high timeframe bull trend isn’t anywhere close to finished, and it could lead to enormous upside if history repeats.

Technical Analysis 101: How To Read The Average Directional Index

The Average Directional Index isn’t as popular as some of the other tools created by J. Welles Wilder Jr. such as the Relative Strength Index, or Parabolic SAR – two indicators widely covered here recently.

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Each tool has a unique use, and the ADX is designed to measure the strength of a trending asset – for example, Bitcoin. The ADX is commonly featured with a Directional Movement Index included, made up of a DI+ and DI- indicator.

Related Reading | Bull Signal From Bitcoin Bottom Is Best Hope Yet For Continuation

The negative directional indicator and positive directional indicator tell analysts which side of the market controls the momentum – bears or bulls. Essentially, if the green line is above the red, bulls are in charge and vice versa.

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Reading the ADX itself is a bit different. The higher the reading, the stronger the trend is. A fall to below a reading of 20 indicates that there’s a distinct lack of a trend, or in other words – the trend has ended. Armed with this knowledge, here’s how it all applies to what’s going on with Bitcoin currently.

bitcoin bull trend

bitcoin bull trend

The weekly bull trend isn't over yet according to the ADX | Source: BTCUSD on

What The ADX Says About The Bitcoin Bull Trend

The chart above suggests that the weekly bull trend has never ended, even if bears have gained the upper hand for now. With the greater bull trend in tact, bulls still have a chance to prevent it from ending completely just yet. Past instances of the bull trend ending were more obvious and resulted in significant bearish downside.

The leading cryptocurrency by market cap has already experienced a sharp selloff, but the selling has stopped at $30,000 for several weeks now.

bitcoin bull trend daily

bitcoin bull trend daily

The daily bear trend might need to conclude before more upside | Source: BTCUSD on

Switching to lower timeframes, the chart above shows that the short-term bear trend hasn’t finished yet, and the crypto market could spend another couple months trying to put in a bottom (green box). Note specifically how the previous top took several months to form (red box).

Related Reading | Building The Case For A Potential Bitcoin False Bottom

The ADX falling below 20 clearly marked the end of the short-term bull impulse, and a fall below 20 might be necessary for the bear trend to have concluded.

bitcoin bull trend monthly

bitcoin bull trend monthly

On monthly timeframes, the secular bull run has never ended | Source: BTCUSD on

Zooming out even further should give even the most shaken bulls more confidence. On monthly timeframes, bears never have even had a chance with the top cryptocurrency.

The ADX says the strength of the trend hasn’t reached anywhere near the high point of the 2017 bull market, and might only be starting with the next recovery. From the low put in following the white box in 2016 resulted in another 3900% in continuation.

Could that be what’s next for crypto?

Featured image from iStockPhoto, Charts from


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Bitcoin (BTC) $ 27,273.31 2.13%
Ethereum (ETH) $ 1,652.63 0.95%
Litecoin (LTC) $ 65.67 0.60%
Bitcoin Cash (BCH) $ 231.66 7.85%