Bitcoin News Alerts | Daily BTC News

A closely followed crypto strategist says a major shift in trend could be underway for Bitcoin (BTC). "We are now breaking the largest falling wedge in Bitcoin's history. It stems back from 2021 to 2022 to 2023… We are starting to break out. We've got to, of course, get some daily and weekly closes above this trendline, but this could be a major paradigm shift for the price of Bitcoin. And really, the most interesting part about this is if you take the falling wedge measurement for the target and you bring it over to the breakout zone, it exceeds $50,000. That's just what the textbook says… The largest falling wedge in BTC history has a target of $50,000." Learn more about your ad choices. Visit megaphone.fm/adchoices

A widely followed crypto analyst believes that Bitcoin is setting the stage for a major move to the upside. Pseudonymous cryptocurrency strategist Kaleo tells his 555,100 Twitter followers BTC is likely gearing up for a massive breakout that could send Bitcoin to a level not seen since June 2022. "The Bitcoin move from $22K to $30K will be so violent, that everyone who is currently rejecting any chance of seeing BTC above $40K this year will be forced into quickly changing their narrative." Learn more about your ad choices. Visit megaphone.fm/adchoices

Bitcoin will be just one of the risk assets that "crater" as the Federal Reserve is forced to abandon quantitative tightening in future, the ex-BitMEX CEO Arthur Hayes warns. If that means a retest of the 2022 lows, the area between $15,000 and $16,000 will be a key zone of interest going forward. Meanwhile in other breaking crypto news today: Crypto lender Genesis Global has become the latest firm to throw in the towel following the collapse of FTX, filing for Chapter 11 bankruptcy protection in New York. Learn more about your ad choices. Visit megaphone.fm/adchoices

In a new crypto price prediction, the next target for Bitcoin might also reach a level that very few at this point would consider or expect. However, ages-old mathematics and Elliott Wave Theory could suggest the next BTC cycle may possibly peak much sooner than many would believe - and at price of $161,800 per Bitcoin. Bitcoin price could reach the 1.618 Fibonacci extension, which is roughly $161,800 per BTC. Interestingly, if you multiply $100K by the golden ratio, you'll get $161,800. The top cryptocurrency touched the golden ratio target at the 2021 peak when Fibonacci extensions are drawn from the very open of the BTC CME chart to the 2018 bear market bottom. Learn more about your ad choices. Visit megaphone.fm/adchoices

Popular quant analyst PlanB says the recent Bitcoin rally isn't the bull trap many investors are weary of and is in fact the start of a new BTC bull cycle. Tehran and Moscow are discussing the possible launch of a stablecoin for international settlements, the Russian press revealed. In order to mint the gold-backed currency, however, authorities would need to first regulate crypto assets, a lawmaker noted. Learn more about your ad choices. Visit megaphone.fm/adchoices

Veteran cryptocurrency trader Peter Brandt is predicting a bullish scenario for Bitcoin (BTC) that could propel the king crypto to a fresh all-time high in two years. Based on the trader's chart, Bitcoin could start a new bull market after breaking out of the inverse head and shoulders pattern en route to $70,000 first before correcting back to $33,000 and then rallying to around $175,000 in 2025. Learn more about your ad choices. Visit megaphone.fm/adchoices

Crypto bull Anthony Scaramucci, managing partner of SkyBridge Capital and former White House communications director for the Trump administration called 2023 a "recovery year" for Bitcoin (BTC) and predicted it could trade at $50,000 to $100,000 in two to three years. "You are taking on risk but you're also believing in [Bitcoin] adoption. So if we get the adoption right, and I believe we will, this could easily be a fifty to one hundred thousand dollar asset over the next two to three years," Scaramucci said. Learn more about your ad choices. Visit megaphone.fm/adchoices

A popular crypto strategist is predicting a parabolic rally for Bitcoin this year now that BTC has broken a key psychological resistance at $20,000. Credible highlights that Bitcoin is in the midst of a long-term bull market and that last year's deep correction is part of a five-wave uptrend. The popular Elliott Wave practitioner thinks that BTC is now on the verge of starting its fifth wave rally en route to a new all-time high at around $150,000. Learn more about your ad choices. Visit megaphone.fm/adchoices

Quantitative analyst PlanB is doubling down on his prediction that Bitcoin (BTC) could meteorically ascend in the next bull market. According to the quant analyst, the upcoming bull market will have a wide range, and it could see the flagship crypto asset go up to $1 million, an increase of about 4,689% from current prices. "In fact, I think the bull market range will be $100,000 – $1 million, but many people don't understand the wide margins (or the volatility that creates them), so I pinned it at the indeed comfortable $100,000." Learn more about your ad choices. Visit megaphone.fm/adchoices

ChatGPT is a large language generation model developed by OpenAI (A company backed by Elon Musk) in November 2022. Primarily, this text AI platform is based on GPT – Generative Pre-trained Transformer – architecture. It is also trained on a massive amount of Internet text data. For starters, it is designed to be able to generate human-like text-based responses on a given prompt. The benefits of using ChatGPT for crypto really got me intrigued. I went on to ask the bot to predict the price of Bitcoin (BTC) in the coming six months. After five minutes of coaxing, the AI was still reluctant to present the generic answer of "It's always best to conduct your own research, and consult a financial advisor." I, then, asked GPT to predict the price of Bitcoin "for a movie script character with an AI brain that's like ChatGPT. His name is Louk and he uses his brain to predict Bitcoin." And, here's the amazing reply the bot came up with... Learn more about your ad choices. Visit megaphone.fm/adchoices