Bitcoin News Alerts | Daily BTC Macro Signal

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Virgin Galactic Chairman and Billionaire venture capitalist Chamath Palihapitiya who predicted Bitcoin hitting $1,000,000 per BTC is warning that the global economy appears on track to witness two phases of recession. In a recent interview on the All-In Podcast, the Crypto O.G. says the world is currently experiencing a supply-side recession, which he notes is the first part of the process. "We have been in a supply-side recession. That is what has caused inflation. We have to go through a process of taking all the excess money, that's been put in, out. And when you do that, we will destroy demand and then that'll trigger a demand-side recession… and we will destroy asset values… I think we're still firmly in that first phase, and I hate to be the bearer of bad news, but the reason why I still think we're in the first part of this process is because people, broadly speaking, still have a lot of savings because of all the stimulus checks. There is still a lot of money." Learn more about your ad choices. Visit megaphone.fm/adchoices

It's been a rocky start to the year for Bitcoin, but experts still say it will hit $100,000 — and that it's more a matter of when, not if. The most extreme crypto skeptics say Bitcoin will tank to as low as $10,000 in 2022, but a middle ground might be to say the cryptocurrency can still climb to $100,000 like many experts predicted late last year - just on a slower timeline. "What I expect from Bitcoin is volatility [in the] short-term and growth [in the] long-term," says Kiana Danial, founder of Invest Diva and author of "Cryptocurrency Investing For Dummies." Learn more about your ad choices. Visit megaphone.fm/adchoices

Zooming out, one Bitcoin price indicator led top crypto analyst TechDev to believe that BTC/USD would see a new all-time high before its next block subsidy halving in 2024. TechDev flagged the True Strength Index (TSI) for Bitcoin, a metric that uses several base calculations to determine how overbought or oversold the asset is at a particular price. "As such, I expect: - Intermediate wave 5 top at 80-120K in 2023 - Primary wave 4 down to 30-50K in 2024 - Primary wave 5 over 200K in 2025 to conclude cycle wave 3" Learn more about your ad choices. Visit megaphone.fm/adchoices

Bitcoin is still on track to hit $500,000 over the next five years, according to billionaire crypto investor Mike Novogratz. He also admitted he was "wrong" about the extent of the leverage in the industry. Novogratz, the founder and CEO of Galaxy Digital Holdings Ltd, told Bloomberg at a summit on July 19 that demand for the cryptocurrency would be driven by higher rates of adoption and global economics. "It's not like diving with two feet right now because institutions are a little bit more cautious. But once we get balance, once we get equilibrium and start a new narrative they'll come back. When I look at the global landscape, I just don't see how fiscal prudence gets put back into a box." Learn more about your ad choices. Visit megaphone.fm/adchoices

A new report from Kraken Intelligence uses the Bitcoin 200-week moving average as a crystal ball, to project the future price of the king crypto. Specifically, Kraken looks at the multiples that BTC has traded at relative to its 200-week moving average in the past. If Bitcoin once again climbs to a 10x to 15x multiple of its 200-week moving average, which Kraken analysts say is in the historical range, this would imply a future price range of $214,985 to $322,478. Learn more about your ad choices. Visit megaphone.fm/adchoices

A popular crypto strategist is predicting a surge in price for Bitcoin as he maps out BTC's possible trading range over the next few months. Pseudonymous analyst Kaleo tells his 527,900 Twitter followers that a strong Bitcoin rally is imminent. Kaleo's chart predicts a huge Bitcoin bounce to around $28,000 in the short term prior to another leg down below $20,000, which would then be followed by a grind up to $30,000. "I still believe the most likely outcome is a range between $20,000 [and] $30,000 through at least the next several months, so while a bounce from here might take us to around $30,000, I don't see it as anything to get over-excited about quite yet." Learn more about your ad choices. Visit megaphone.fm/adchoices

A popular crypto analyst is anticipating a major relief rally for Bitcoin (BTC) amid uncertainties in the cryptocurrency markets. In a new strategy session, Nicholas Merten tells his 515,000 YouTube subscribers that more people are now willing to buy Bitcoin as sellers of the flagship digital asset have been forced out of the market. "We do believe that an extended bear market could still play out. We [also] do believe in the reality that there is likely going to be a relief rally in the market like there has been in the past, and it simply has to do with the fact that a lot of sellers have been forced out of the market." Learn more about your ad choices. Visit megaphone.fm/adchoices

Billionaire investor Thomas Peterffy – Founder and Chairman of Interactive Brokers – believes the American authorities might ban crypto amid concerns that they facilitate illegal activities. Nonetheless, the billionaire remains a HODLer, vowing to purchase more Bitcoin (BTC) if its price drops to $12,000. "I believe inflationary pressures will continue for years, not months. This is not a short-term issue. Even I myself have put a little bit of money into crypto, because even though chances are, I think, that this is not going to be a viable market, I think that there's a small chance that this will be a dominant currency, so you have to play the odds." Learn more about your ad choices. Visit megaphone.fm/adchoices

Shark Tank millionaire investor, Kevin O'Leary thinks that the crypto market bottom will be marked by "total panic," at which point weak companies with "idiot managers" will be weeded out and the industry can continue to grow. "Once regulations are in place, the price of Bitcoin will quadruple." It's unfortunate that these companies have gone to zero but you end up with much stronger species." Learn more about your ad choices. Visit megaphone.fm/adchoices

Here's the only clear path for Bitcoin to one day reach $300,000 which equates to a monster 15-fold return from today's BTC price. The king crypto (Bitcoin) as a store of value aka digital gold can easily eclipse $300,000, it's just a matter of time. Also in todays breaking Bitcoin News: A popular cryptocurrency trader warns BTC could nosedive to $8,500 as the crypto market encounters severe macroeconomic headwinds. Learn more about your ad choices. Visit megaphone.fm/adchoices

A new study finds that many Wall Street investors believe Bitcoin hasn't bottomed out and will fall to nearly half its current value. A new Bloomberg MLIV Pulse survey says it asked 950 Wall Street investors whether they expected the king crypto (BTC) to first recapture the $30,000 level or fall to $10,000, with 60% saying they agreed with the bearish scenario. The poll ran from July 5th to 8th, during which time Bitcoin ranged from a low of $19,420 up to as high as $22,109. At Bitcoin's current price of $19,883, the leading crypto asset by market cap would have to drop by 49.7% to be priced at $10,000. Learn more about your ad choices. Visit megaphone.fm/adchoices

Former BitMEX CEO Arthur Hayes has doubled down on his uber-bullish Bitcoin price prediction, claiming that the price of the world's largest crypto (BTC) will eventually hit a whopping $1 million per coin. Hayes recently predicted that the price of Bitcoin would touch $1 million by 2030. He believes that Bitcoin would be able to reach that milestone because of the "HODL culture." Users with a high level of conviction will not sell their holdings since they anticipate significant price appreciation in the future. "The DoomLoop has begun. 1 USD = 1 EUR. Prepare yourselves for YCC and $BTC = $1 million. But please be patient, these things take time." Learn more about your ad choices. Visit megaphone.fm/adchoices

A closely tracked crypto strategist who continues to build his following with timely Bitcoin predictions says the king crypto asset (BTC) could be gearing up for a significant rally. Cryptocurrency analyst Kevin Svenson tells his 110,200 Twitter followers that he's looking at Bitcoin's moving average convergence divergence (MACD) indicator on the three-day chart which suggests that Bitcoin is likely setting up for a sustained bounce. "Bitcoin three-day MACD cross will likely lead to continuation up. The three-day candle closes tonight. We're very likely going to confirm the cross soon." Learn more about your ad choices. Visit megaphone.fm/adchoices

Shark Tank star Kevin O'Leary says he's expecting to witness a massive Bitcoin capitulation event that will trigger fear and panic among crypto investors. "I like a big, big panic event. That's always been a great way to bottom. It's towel throwing. It's capitulation. It's massive volume. It's total panic in the streets and always a great buying opportunity. I have no idea who's next. Could be tomorrow morning, could be a month from now, but it's coming to a theater near you, and it will definitely be a very good thing for this industry. It'll be a great thing because it'll take out all of the bad broken business models, the heavy leveraged [and] the speculation that was too risky." Learn more about your ad choices. Visit megaphone.fm/adchoices

One crypto analyst maintains a contrarian bullish stance on Bitcoin for the rest of the year despite a dramatic drop from all-time highs. The closely followed cryptocurrency analyst Credible Crypto tells his 336,000 Twitter followers he foresees BTC hitting all-time highs (ATHs) in the next six months before the real bear market begins. "Still expecting a new ATH and six-figure BTC by 2023 and believe we are likely back on our way down in 2024-2025 and in the depths of a bigger bear market than most have ever seen at that point." Learn more about your ad choices. Visit megaphone.fm/adchoices

Popular crypto strategist and trader Kaleo says Bitcoin will hit a new all-time high of at least $110,000 months after the next BTC halving. "Late 2024 / early 2025 we finally see a new Bitcoin all-time high and six-figure BTC. I want to clarify – I think BTC *does* go higher than what this chart shows (~$110,000), but even if that's all we see… that's still a 5x+ from current prices in less than two and a half years. That's not bad at all. Might even be just enough to outpace inflation." Learn more about your ad choices. Visit megaphone.fm/adchoices

Bitcoin is flashing multiple bottom symbols, according to Yassine Elmandjra, an analyst at ARK Investment Management. Elmandjra notes the king crypto (BTC) is trading below its 200-week moving average (MA) short and long-term cost bases. It's only the fourth time that's happened in Bitcoin's price history, according to the analyst. "As stakeholders with the most skin in the game, miner capitulation is a key bottom marker. The Puell Multiple, a measurement that compares daily miner revenue to its yearly average, is at a 3-year low." Learn more about your ad choices. Visit megaphone.fm/adchoices

One crypto analyst is comparing Bitcoin's price action to one traditional stock to predict what's next for BTC after a rocky last two months. "Short and succinct, not financial advice, of course, everything mean reverts unless it's a piece of crap or it's broken. Tesla has held up well during the correction and recession incredibly well. While I believe Tesla will hit $1,200 in the next six to 12 months, which is slightly less than double, I also believe Bitcoin could potentially triple in the same timeframe. Six to 12 months, which takes out to summer 2023 and that's very, very conservative." Learn more about your ad choices. Visit megaphone.fm/adchoices

Seasoned crypto investor Tone Vays says that Bitcoin (BTC) is on the verge of another breakdown which could send the price of the leading cryptocurrency asset to a new 2022 low. In a new strategy session, Vays tells his 121,000 YouTube subscribers that Bitcoin's outlook remains bleak as BTC tries to "desperately" cling to the $19,000 level. Looking at Vays' chart, a break of Bitcoin's immediate support could drive BTC to his target at around $14,500. Learn more about your ad choices. Visit megaphone.fm/adchoices

A closely tracked crypto strategist who accurately predicted the Bitcoin correction below $30,000 says that it's almost time for BTC to collapse to fresh 2022 lows. Pseudonymous analyst Capo tells his 425,900 Twitter followers that the top crypto asset by market cap's inability to stay above the key psychological price area of $20,000 suggests that another sell-off event is imminent. "BTC: more accurate projected roadmap for the potential local bottom formation around $16,000." Learn more about your ad choices. Visit megaphone.fm/adchoices

CNBC analyst Brian Kelly believes Bitcoin (BTC) still possesses more downside potential even as it trades at over 70% off its all-time high. On CNBC's Fast Money, Kelly says the flagship crypto could still fall nearly 50% from current levels as the macro environment worsens. "The good news is that I do think we are getting a lot closer to a generational bottom. The bad news is that it might not be until Bitcoin hits $10,000." Learn more about your ad choices. Visit megaphone.fm/adchoices

On-chain insights platform CryptoQuant CEO Ki Young Ju says crypto investors did not leave the market despite this year's downturn. According to Ju, the current dip that sent Bitcoin (BTC) plunging below $20,000 from an all-time high of nearly $70,000 can be considered the crypto market's first recession. "Stablecoins sitting in exchanges are now worth half of Bitcoin reserve. We have $25 billion loaded bullets which can make crypto asset prices go up. The question is when, not how." Learn more about your ad choices. Visit megaphone.fm/adchoices

A popular crypto analyst is digging into the charts to set low-end price targets for Bitcoin and Ethereum, the 2 largest cryptocurrency assets by market cap. The analyst remains cautious about predicting a BTC bear cycle bottom, noting two previous instances that were punctuated by dramatic volatility downward. "I'm not saying this is necessarily the bottom. Usually for absolute bottoms to form, you want to see some sort of nasty capitulation wick. Back in 2018, that was obviously the $6,000 level where price fell through [from] $6,000 to $3,000. Regarding his Ethereum bottom target: "This area remains a high-demand zone area and if we fall out here, $600 is probably the next area up." Learn more about your ad choices. Visit megaphone.fm/adchoices

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. Learn more about your ad choices. Visit megaphone.fm/adchoices

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. Learn more about your ad choices. Visit megaphone.fm/adchoices

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." Learn more about your ad choices. Visit megaphone.fm/adchoices

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." Learn more about your ad choices. Visit megaphone.fm/adchoices

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." Learn more about your ad choices. Visit megaphone.fm/adchoices

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. Learn more about your ad choices. Visit megaphone.fm/adchoices

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." Learn more about your ad choices. Visit megaphone.fm/adchoices

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." Learn more about your ad choices. Visit megaphone.fm/adchoices

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. Learn more about your ad choices. Visit megaphone.fm/adchoices

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." Learn more about your ad choices. Visit megaphone.fm/adchoices

Billionaire "Bond King" Jeffrey Gundlach believes Bitcoin will plummet further to $10,000 per BTC despite having already fallen by about 70% from its all-time high. In a new CNBC interview, the CEO of asset management firm DoubleLine Capital says he wouldn't be "surprised at all" if the flagship crypto asset fell by more than 50% from the current levels to around $10,000. "The trend in crypto is clearly not positive. I mean it topped out a long time ago. Remember, I was with you in July of last year, and Bitcoin was up at like $60,000 or something. And then it dropped down to $30,000… It managed to rally back but it looks like it is being liquidated. So I'm not bullish at $20,000 or $21,000 on Bitcoin. I wouldn't be surprised at all if it went to $10,000." Learn more about your ad choices. Visit megaphone.fm/adchoices

Despite the recent crash of the crypto market, the British cryptographer and an outspoken supporter of Bitcoin – Adam Back – thinks the king cryptocurrency (BTC) could tap $100,000 by the end of 2022. "My permabull case for BTC/USD $100k 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. no leverage bois." Learn more about your ad choices. Visit megaphone.fm/adchoices

Doubleline Capital CEO Jeffrey Gundlach, also known as the "bond king," says he would not be surprised at all if the Bitcoin price falls to $10,000. "We've already seen around the edges some blowups in parts of the crypto world, and that could be foreshadowing some problems," he explained. The billionaire bond king explained that when the BTC price fell below $30K, its chart indicated that $20K "was going to happen quickly, and it did." Emphasizing that "The trend in crypto is clearly not positive," Gundlach opined: "I'm not bullish at that $20,000 or $21,000 on bitcoin. I wouldn't be surprised at all if it went to $10,000." Learn more about your ad choices. Visit megaphone.fm/adchoices

Microstrategy CEO and Bitcoin mega bull Michael Saylor debunked the rumor that his company is close to having to liquidate its BTC to meet a margin call for a Bitcoin-backed loan. The rumor intensified as the price of the king crypto (BTC) continued to plummet after the weekend sell-off. However, Saylor tweeted Tuesday: "When Microstrategy adopted a bitcoin strategy, it anticipated volatility and structured its balance sheet so that it could continue to hodl through adversity." The Bitcoin price dipped below the $21K level this week. However, Microstrategy told Reuters Tuesday that it has not received a margin call, emphasizing: "We can always contribute additional bitcoins to maintain the required loan-to-value ratio." Learn more about your ad choices. Visit megaphone.fm/adchoices

A closely followed crypto capitalist is issuing a warning that Bitcoin (BTC) and Ethereum (ETH) are on the verge of another massive sell-off event despite being down big from their all-time highs. Former BitMEX CEO Arthur Hayes says that he's keeping a close watch on on-chain data using decentralized finance (DeFi) analytics platform Parsec. If these levels break, $20,000 BTC and 1,000 ETH, we can expect massive sell pressure in the spot markets as dealers hedge themselves. We can also expect that there will be some over-the-counter dealers and that will be unable to hedge properly and might go belly up." Learn more about your ad choices. Visit megaphone.fm/adchoices

The veteran crypto trader who accurately called the Bitcoin 2018 meltdown is issuing a fresh warning that a severe correction could be looming for the king cryptocurrency (BTC). Seasoned market analyst Peter Brandt tells his 651,800 Twitter followers Bitcoin must recover its May 31st high of around $32,000 to avoid the risk of a massive capitulation event, sending Bitcoin to a low of $12,700. "Unless Bitcoin (BTC) can close above the May 31st high, this chart could become a textbook example of the famed 'Drano' chart pattern." Learn more about your ad choices. Visit megaphone.fm/adchoices

Economist and gold bug Peter Schiff has made some dire predictions about crypto, particularly Bitcoin and Ethereum. He explained that "The need to sell Bitcoin to pay the bills will only get worse as the recession deepens," adding that the king cryptocurrency (BTC) is poised to crash to $20K while Ether will sink to $1K. "With Bitcoin dropping below key support at $25K and Ethereum below 1300, the combined market cap of nearly 20K cryptos has broken below $1 trillion, from a record-high of $3 trillion. That's $2 trillion down, $1 trillion left to go. The last trillion will be the most painful." Learn more about your ad choices. Visit megaphone.fm/adchoices

Mike Novogratz, the CEO of the crypto investment company Galaxy Digital, has recently predicted that the next bull cycle of Bitcoin (BTC), the largest cryptocurrency by market cap, could start in the fourth quarter of 2022. Novogratz shared this opinion at the Consensus 2022 conference in Austin, Texas. According to the billionaire investor, Bitcoin is not going to trade well until the Federal Reserve takes a break. "My hope is that by the fourth quarter, the economy will be slowing enough that the Fed says we are going to pause, and then you will see the next crypto cycle start. Then Bitcoin will break from equities and lead markets… Rates are going to 5% in the U.S. I hope crypto can decouple." Learn more about your ad choices. Visit megaphone.fm/adchoices

The CEO of global investment manager VanEck, Jan van Eck, is reportedly expressing optimism that the Bitcoin price will rise to stratospheric heights. The VanEck CEO says that Bitcoin could rally by around 732% from current levels to reach $250,000 per coin, according to a report by business publication Barron's. "Investors see it as a complement to gold. That's the short version. Bitcoin has limited supply; the supply is visible. And it's very hard, almost impossible, to change that. Bitcoin will go to half the market cap of gold, or $250,000 a Bitcoin, but that could take decades. It's hard to put a timeframe on it." Learn more about your ad choices. Visit megaphone.fm/adchoices

Unapologetically bullish Bitcoin bull and MicroStrategy CEO Michael Saylor, whose own comments to mainstream media firmly brushed aside any suggestion of permanent price downside, says the king crypto (Bitcoin) is going to a million dollars per coin. Those who claimed that Bitcoin would be banned or go to zero, he told CNBC on June 8, had already been "discredited." "If the deniers are wrong and the skeptics are wrong — and it's pretty obvious they're both wrong at this point — it's not going to zero, and if it's not going to zero, it's going to a million," Saylor forecast. Learn more about your ad choices. Visit megaphone.fm/adchoices

A popular crypto strategist who accurately predicted Bitcoin would slice through $30,000 last month says BTC looks poised to capitulate even after its latest rally. Pseudonymous cryptocurrency analyst Capo tells his 335,700 Twitter followers he expects Bitcoin to print a fresh 2022 low once BTC bears take out support at $28,500. "Clean range. What is happening inside the range and what has happened at the range high shows that this is clear redistribution range. Clean break of the range low = last leg down confirmed = $21,000-$23,000." Learn more about your ad choices. Visit megaphone.fm/adchoices

A crypto strategist who accurately called Bitcoin's May 2021 meltdown is now predicting a potential rally that could send BTC toward its long-term diagonal resistance. Pseudonymous analyst Dave the Wave tells his 112,100 Twitter followers Bitcoin is trading within an ascending channel and potentially gearing up for a short-term rally to his target. According to the cryptocurrency strategist, his target of $39,547 is "speculative" and is only valid as long as the channel holds. Learn more about your ad choices. Visit megaphone.fm/adchoices

Jurrien Timmer, director of global macro at asset management firm Fidelity Investments, recently shared a modified version of the Bitcoin Stock-to-flow (S2F) model dubbed the S-Curve Model. Using the model, he predicted that the king crypto (BTC) price could reach $144,000 within the next three years. "I remain bullish on Bitcoin as an aspiring store of value in a world of ongoing financial repression, but the above exercise is a good reminder that we should always revisit our assumptions, especially when the price action deviates from expectations." Learn more about your ad choices. Visit megaphone.fm/adchoices

Bitcoin will hit $300,000 before 2025 predicts crypto analyst Crypto Rover while Jason Lowery predicts the king cryptocurrency (BTC) hitting $1,000,000 by 2030. "We will be told that we got lucky, that nobody could have predicted $1M by 2030." Billionaire Tim Draper has doubled down on his Bitcoin price prediction of $250,000, which he made in a June 2021 CNBC interview. By the end of this year or early next year. Learn more about your ad choices. Visit megaphone.fm/adchoices

Macro analyst Lyn Alden says that the king crypto (Bitcoin) could rally higher over the coming months if certain conditions are fulfilled. Asked in a Coin Stories interview whether BTC could revisit its all-time high this year, Alden says that the price of leading cryptocurrency could surge if the Federal Reserve reverses its current hawkish monetary policy measures, such as raising interest rates and the unwinding of asset purchases. "I mean if you had a total capitulation, like if you had a pivot in Fed policy and a re-liquefaction of markets, it's a pretty high volatility asset [Bitcoin]. So you could have a pretty big swing up. You could retest some highs." Learn more about your ad choices. Visit megaphone.fm/adchoices

Venture capitalist Tim Draper has doubled down on his Bitcoin price prediction of $250,000 by the end of this year or early next year. However, the billionaire explained why he expects the price of the king crypto (BTC) to soar past his estimate. Draper explained: "Women control about 80% of retail spending and retailers haven't yet realized that they can save 2%, and they usually run on very thin margins so that might be like double their profits. They can save 2% just by accepting bitcoin instead of taking a bank-issued credit card. And that can change everything. "All of a sudden. All the women will have Bitcoin wallets and they will be buying things with bitcoin and you are going to see a bitcoin price that will just go right through my $250,000 estimate." Learn more about your ad choices. Visit megaphone.fm/adchoices