Bitcoin News Alerts | Daily BTC News

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