Bitcoin News Alerts | Daily BTC News

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