Banks are going to get into big trouble later this year which is going to expose a gigantic derivative bust, silver has a good future ahead and Bitcoin price would triple the price of an ounce of gold - which is expected to reach $4,800 - by March next year, according to the latest data sets from Clif High.Based on this estimate, one Bitcoin could be worth more than $13,000 by then, he says in the interview he recently had with Greg Hunter.Clif High, who has gradually become a known name for the projection from his Web bots, says his data shows that the derivative that some banks would soon experience would be regional troubles rather than a global bust.He says in the video: “It would be a large failure, say, in a northern Italian bank then the derivative associated with that bank ripples over to Deutsche Bank and maybe they are able to contain it a little bit and so everybody breathes a sigh of relief.Then it breaks out in Texas and a bunch of regional banks in Texas shuts down and there is pressure on some fracking whales and they get it contained with a little bit of credit infusion from somewhere else.

Then it spreads to California and up to Asia and the next thing you know it is back in Europe.So we’ll be fighting this basically derivative disease as it pops up here and there.That’s going to be the modus operandi for the banks for the rest of this year.” “He hints that a lot of people are going to get caught up in the situation when some of these banks go down because they won’t have access to their cash.bitcoin april crash chartAlso, some of these banks are not likely to recover from the “nasty situation.” He didn’t say if there would be a correlation between the failure of banks and the projected rise in the price of silver.купить litecoin visaHowever, he notes that for a number of years, silver is going to be an increasingly key component of the increasing complex hyper-technologies.bitcoin mining not worth it anymore

This will be as a result of the escalation in the actual growth rate of emotional attachment to silver between this year - when the metal is expected to break out and create a shift in its price manipulation - and 2022.They will try to suppress it to contain it in the first instance, he adds, but they won’t be able to contain the next breakout coming towards the end of the year (October) because of what would be coming out as relative to technology by the time.ethereum slides“The situation will encourage rampant hoarding in silver in 2018 and 2019 in many western countries and its price will escalate rapidly towards achieving parity with gold and become too expensive to be used as money.bitcoin baeFor gold, he says the next number according to his data sets is $4800 per ounce with a projected timeline of March 2018.” If what Clif High, who is considered quite accurate with his predictions about Bitcoin, says about the digital currency is anything to go by, then we should see a $13,000+ Bitcoin by March 2018.bitcoin etf ticker

Speaking of the price of gold in the interview with Hunter, High says an ounce of gold would reach $4800 net by March to drop down by about $300.He adds: “The data shows that when it’s dropped to that point, just curiously, it happens to match for a brief period of time exactly one-third of the price of Bitcoin when gold does that deepen and it’s back up again.” That gives us about a price range of between $13,000 and $14,000.“Bitcoin is simply escalating.It doesn’t explode until 2019,” he adds with a submission that at some point, there will be one Bitcoin available for every thousand ounces of gold.Join our Telegram Channel!Get Bitcoin News stories in Telegram × DismissBitcoin is close to hitting a price that could see a 47 percent correction, according to one analyst, following a huge rally for the cryptocurrency that has led it to record highs.On Thursday, bitcoin hit an all-time high of $2791.70, according to CoinDesk data, marking a 180 percent rally year-to-date.

Meanwhile, the number of long positions – those betting on bitcoin to rise – has risen 18.2 percent, while short positions – those thinking the cryptocurrency will fall – have declined 10 percent since the start of the week, showing that traders are getting more bullish on the cryptocurrency, according to data from Bitfinex.One technical analyst, who looks at historical trading patterns to determine future price moves, told CNBC that the $2,800 could mark a level of resistance where the bitcoin pulls back.Bitcoin was as little as $9 off of that price on Thursday morning.Nicola Duke, an analyst at analysis platform Forex Analytix, uses a form of technical analysis known as Fibonacci retracement, which looks at the peaks and troughs of previous "waves" or rallies and falls in bitcoin to get a sense of where the future price of an asset could move.In "wave two" of bitcoin which began in the fall of 2013 and bottomed in January 2015, the price of the cryptocurrency rallied sharply for several months before seeing a steady decline.

Following January 2015, the asset began to rally again.Currently, the bitcoin world is in "wave three" and according to Duke's analysis, $2,800 could be the level at which bitcoin begins its fall.The price is likely to hit $1,780, but could even fall as far as $1,470, Duke told CNBC.This would mark a 46.5 percent decline from Thursday's high.According to Fibonacci analysis, the way bull markets typically work is that you'll have a pullback that stops when it retraces a key percentage of a previous move higher—these key percentages all come from so-called Fibonacci ratios.One of those ratios is 61.8 percent.So she expects this particular wave, known as the fourth wave, to last 61.8 percent of how long wave two lasted, which means the rally after the correction would start in January."We will see the bottom in start of January, that is when stock markets typically tend to have a correction as well," Duke said.But after that, there should be a sustained rally to $3,350 and then $4,480 in 2018, Duke said.

So while the long-term prospect of bitcoin seems to be positive, in the near-term, traders could see a pull-back.However, not all agree with Duke's forecast.Bitcoin to hit $6,000?A number of reasons have pushed bitcoin to record highs, such as legalization of the currency in Japan for payments, boosted interest from Korea, as well as the conclusion of a debate about the future of the cryptocurrency.Fifty-six companies around the world and 83 percent of bitcoin miners supported the "Bitcoin Scaling Agreement," according to the Digital Currency Group.The document lays out an upgrade that should increase bitcoin's transaction capacity.Because of these factors, Aurelien Menant, CEO of Gatecoin, a regulated crytocurrency exchange, said bitcoin could hit $6,000, revising a forecast from earlier in the year of $3,000."There is a lot of fresh liquidity flowing into bitcoin, thanks to a surge in interest among investors in Asia, notably Japan and Korea, coupled with a resolution to the scaling debate.