Bitcoin News Alerts | Daily BTC News

ShapeShift CEO Erik Voorhees expects Bitcoin to reach $40,000 by the summer, while Tim Draper has stood by his $250,000 BTC prediction for the second year running. Erik Voorhees, founder and CEO of crypto exchange ShapeShift, was optimistic about a potential recovery of the Bitcoin price during an interview with Bankless on Jan. 2, stating he "wouldn't be surprised" if Bitcoin hit "like $40K" by the "summer." Learn more about your ad choices. Visit megaphone.fm/adchoices

To say 2022 was a rough time for crypto is an understatement. Following a long period of rising cryptocurrency prices and delighted investors, last year saw the arrival of a crypto winter that brought the Bitcoin price crashing down, bankrupted companies, and wiped over $1 trillion off the market, and that's not even mentioning the collapse of FTX. But what will 2023 bring? Analysts' predictions vary wildly, from BTC almost quadrupling its previous record high and reaching $250,000 per coin as per billionaire venture capitalist Tim Draper, to Bitcoin crashing to $5,000, which would be its lowest price since 2019. Learn more about your ad choices. Visit megaphone.fm/adchoices

A crypto analyst who nailed the Bitcoin collapse last year predicts a massive surge for the king crypto. The analyst known in the industry as Dave the Wave tells his 131,900 Twitter followers that based on his logarithmic growth curve (LGC) model, BTC could ascend to $160,000 by January 2025. "On the basis of the LGC, which has stood the test of time for four years, Bitcoin could easily do a 10x over the next couple of years…" Learn more about your ad choices. Visit megaphone.fm/adchoices

A popular crypto analyst says the cryptocurrency market could see one more massive decline before bottoming in early 2023. In a new YouTube strategy session, pseudonymous Coin Bureau host Guy tells his 2.19 million subscribers that Bitcoin (BTC) could decline by as much as 60% in the near term. "The bottom will likely come sometime in the first quarter of next year. But the bottom for BTC could be $10,000 or slightly lower, and that most altcoins could therefore fall by another 60% to 80%." Learn more about your ad choices. Visit megaphone.fm/adchoices

A widely followed crypto analyst is predicting an end to the Bitcoin (BTC) bear market with a massive rally. Pseudonymous crypto trader Rekt Capital tells their 330,600 Twitter followers that Bitcoin is likely to surge by more than 176% next year from its current value of $16,600. Rekt predicts an upside to candle three in 2023 that would send the king asset to as high as $46,000. "Technically, the most a BTC Candle 3 ever rallied was in 2019. In 2019, BTC rallied to Candle 1 and Candle 2 resistance at $13,900 (black). Therefore technically, the 2023 Candle 3 could rally plus-180% to tag the Candle 1 and 2 resistance at ~$46,000, at most." The London Crypto, partner of exchange ByBit, believes that the ultimate bear market low lies between $10,000 - $12,000 for Bitcoin, followed by a cycle high of $175,000 in 2024 - 2025. "Bitcoin Macro Analysis. BTC has made a 77% correction in this bear market, compared to 84% in 2013 and 83% in 2017. Studying our previous cycles high vs lows, we can estimate the low for this bear to be the $10k-$12k range, followed by a high of $175k in 2024-2025." Learn more about your ad choices. Visit megaphone.fm/adchoices

Bitcoin is due to copy gold's explosive 1970s breakout as it becomes the world's "hardest asset" in 2024, according to a forecast from the latest edition of the Capriole Newsletter on the king crypto (BTC), a financial circular from research and trading firm Capriole Investments. Learn more about your ad choices. Visit megaphone.fm/adchoices

Leading on-chain analyst Willy Woo weighs in on some of the more bullish Bitcoin predictions that put BTC at $1 million per coin, including that of Cathie Wood from ARK Invest. Woo says if the king crypto (BTC) reaches $1 million in value as Wood has predicted, it could crash the fiat currency system. Woo says Bitcoin's price rally toward $1 million will lead to a battle of governments attempting to push BTC down to protect the dominance of fiat currencies. "Thus the forces pushing BTC pricing becomes binary, like breaking the sound barrier. There's increasing bearish pressure on BTC as it approaches fiat market caps, while governments suppress it. If the barrier is broken, BTC gets bullish pressure and escapes towards infinity." Learn more about your ad choices. Visit megaphone.fm/adchoices

Billionaire venture capitalist Tim Draper has extended his $250,000 Bitcoin prediction by six months due to the FTX collapse and unfavorable crypto and macroeconomic factors. Draper, a founding partner of venture capital firm Draper Fisher Jurvetson, is known for successfully timing Bitcoin's $10,000 milestone in late 2017. In 2018, he predicted BTC would reach $250,000 before the end of 2022, based on the assumption that bitcoin will replace 6 percent of all the government-backed currencies in circulation in 2018. Learn more about your ad choices. Visit megaphone.fm/adchoices

Prominent Bitcoin bull Max Keiser again attacks crypto altcoins, praising El Salvador's president for adopting BTC as legal tender. "I've been saying this since 2011. If it's not Bitcoin, it's a security. El Salvador's new digital asset law makes this law. Nayib Bukele understood this when he made Bitcoin legal tender. Now the rest of the world is catching up. El Salvador is leading the world." Learn more about your ad choices. Visit megaphone.fm/adchoices

Mark Cuban, the billionaire owner of the Dallas Mavericks and crypto bull, defended Bitcoin this week while casting doubt on investing in gold. In a Club Random podcast episode to be released Monday, host Bill Maher said he's "very anti-Bitcoin" and believed in the value of gold. Cuban replied, "I want Bitcoin to go down a lot further so I can buy some more." He added, "If you have gold, you're dumb as f***." The king cryptocurrency (BTC) has plunged more than 60% in value this year. Learn more about your ad choices. Visit megaphone.fm/adchoices