Bitcoin News Alerts | Daily BTC News

A closely tracked crypto analyst believes that Bitcoin is almost ready to pull off a big move now that the leading cryptocurrency asset by market cap (BTC) breached a key psychological support area of $30,000. In a new strategy session, DonAlt says that the fear and the panic in the crypto markets are leading him to believe that Bitcoin could either ignite a massive capitulation event or launch a rally to $58,000 and leave BTC bears in disbelief. Learn more about your ad choices. Visit megaphone.fm/adchoices

A closely tracked crypto strategist and trader says that a Bitcoin rally is now in sight as he believes momentum is swinging to the side of BTC bulls. Pseudonymous crypto analyst Pentoshi tells his 546,900 Twitter followers that bears are exerting a lot of effort to push the Bitcoin price down but not getting the desired result. “For BTC I think we can squeeze to 34k *IF* this 31k area is flipped to support. For now, this is my bias point to trade off.” Learn more about your ad choices. Visit megaphone.fm/adchoices

The co-founder of the crypto exchange platform BitMEX predicts Bitcoin (BTC) and Ethereum (ETH) will continue to fall in price in the wake of this week’s Terra (LUNA) collapse. In a new blog post, Arthur Hayes says he’s gearing up to accumulate both crypto assets as he anticipates a drop to major cyclical lows. According to Hayes, he’ll be a buyer of BTC at $20,000 and ETH at $1,300. “These levels roughly correspond to the all-time highs of each asset during the 2017/18 bull market.” Learn more about your ad choices. Visit megaphone.fm/adchoices

Seasoned investor and co-founder of Mobius Capital Partners Mark Mobius is issuing a dire warning to Bitcoin (BTC) traders that devastating losses still await the leading crypto asset. Mobius says that while the “buy the dip” strategy may have worked for cryptocurrency traders in the past, it’s not a good idea this time around. However, he notes there could be a slight upswing after Bitcoin drops to the $20,000 mark before it once again resumes its plummet to $10,000. “[Buying the dip] will not work this time until Bitcoin hits $20,000, from where there might be a bounce but then the next target will be $10,000.” Learn more about your ad choices. Visit megaphone.fm/adchoices

Widely-followed crypto analyst Benjamin Cowen says the dot-com bubble in the late 1990s is giving a glimpse of what the bottom could look like for the Bitcoin and cryptocurrency market. Cowen says that an 80% drop is highly possible for crypto. "Sometimes I struggle to comprehend an asset class that has only a market cap of $500 billion, but considering that the asset class as a whole was $3 trillion not that long ago and we’re currently at $1.26 trillion, it’s not that far-fetched to assume that we can’t drop another 40% or so down to approximately $500 billion. I would consider that to be the absolute worst-case scenario.” Learn more about your ad choices. Visit megaphone.fm/adchoices

A crypto strategist and trader who has long predicted a massive Bitcoin crash below $30,000 is revealing how low he believes BTC will go. The pseudonymous cryptocurrency analyst Capo tells his 289,400 Twitter followers that Bitcoin’s free fall is not over yet. He cites large whale transfers of BTC to crypto exchanges as the main force driving the current crash, and warns a significant amount of Ethereum has also been sent to the crypto exchange FTX. As for his target low for Bitcoin, Capo says he believes BTC will land somewhere between $21,000 and $23,000. Learn more about your ad choices. Visit megaphone.fm/adchoices

Panic appeared to set in on crypto markets overnight on May 11th as Blockchain protocol Terra failed to steady its bleeding crypto assets, with LUNA crashing another 90%+ for the day, now trading below $2. As a result of the massive Terra/LUNA sell-off, Bitcoin price skyrocketed to a dubious new all time high of $140,000 in $UST as a result, while the king cryptocurrency is currently holding on to $30,000 support. Learn more about your ad choices. Visit megaphone.fm/adchoices

ARK Invest founder Cathie Wood says that the increasing correlation between crypto and traditional assets indicates that the Bitcoin (BTC) bear market will soon be over. “I’ve been around in the business for 45 years, and I’ve never seen the opportunities I see now. According to our expectations, truly disruptive innovation, which right now is valued in the global public equity markets at roughly $10 trillion, roughly 10% of the global equity market cap. We believe that $10 trillion is going to scale to $210 trillion by the year 2030… thanks to genomic sequencing, robotics, adoptive robotics, energy storage, artificial intelligence and blockchain technology.” Learn more about your ad choices. Visit megaphone.fm/adchoices

A closely followed crypto trader is unveiling what he believes is the most realistic price path for Bitcoin (BTC) for the rest of the year. “When the price of an asset is on an uptrend and then it catches up with the long-term moving averages, usually that’s a sign that the trend is dying down. The momentum is lost. If you cross below them, that is a bearish signal.” The cryptocurrency analyst highlights that the 20-month EMA was a reliable indicator of major trend shifts during the 2014 and 2018 BTC market cycles. “That happened over here in 2014. If we go over here in 2018, [we had] a major run-up. Trend starts to go sideways after the run-up, and then we meet the long-term moving averages. We closed below that. It’s a bear market.” Learn more about your ad choices. Visit megaphone.fm/adchoices

Crypto billionaire Brock Pierce says that Bitcoin will either fail spectacularly or become massively successful. “[Bitcoin] could go to zero. It’s a binary outcome. It’s either going to go to $1 million a Bitcoin or zero. It’s going to be one or the other, which is why you shouldn’t put everything there.” “This reminds me a lot of 1999, right? We are in that phase. And what came out of that? eBay and Amazon and all sorts of interesting businesses came out of the Dot-Com sort of 1.0 era. And a bunch of it went to zero. And I think that will probably be true of what we see here. That doesn’t mean the innovation isn’t real and it’s not going to play an important role in our collective future.” Learn more about your ad choices. Visit megaphone.fm/adchoices