Bitcoin News Alerts | Daily BTC News

A popular crypto analyst is considering how low Bitcoin could go as the cryptocurrency markets head into the weekend on a sour note. “I want to go ahead and talk a little bit about what we talked about as our worst-case scenario. I’ve got to be honest with you guys, I’m gonna stick to my guns here again. This is the point that I want to bring here, all the while we could come close to it, we could come here toward $30,000. I think it’s completely irrelevant and out of the question to think that we’d come down and touch $20,000.” Learn more about your ad choices. Visit megaphone.fm/adchoices

Kraken director of growth marketing Dan Held says the Bitcoin (BTC) supercycle theory that he first put forward in 2019 still holds water. According to Held, the theory advances the idea that a perfect storm such as mistrust in governments and institutions, will propel the mainstream adoption of Bitcoin and drive up the price of the leading crypto asset. “If we repeat 2013, we could see Bitcoin hitting between $300,000-$400,000 Bitcoin. Now. history usually rhymes, it doesn’t repeat itself, so it’s probably not going to be exactly that, but if it did, that would be my best price point. So my price point, I would say that I think it’s going to land probably between [$100,000 and $300,000]. But if we match 2013 again, it could be [$300,000 to $400,000].” Learn more about your ad choices. Visit megaphone.fm/adchoices

Popular crypto analyst Nebraskan Gooner outlines what it will take for Bitcoin to realistically go parabolic in May, reaching $100,000 per BTC. In other breaking Bitcoin News today: Bitcoin celebrates halfway to the halving with yet another new hash rate record. The Bitcoin hash rate hit another all-time high and the 105,000th block since the last halving was mined, marking the halfway to the next halving. Binance commits $500M to co-invest in Twitter with Elon Musk. Binance is among 18 co-investors in Elon Musk's Twitter acquisition alongside firms like Sequoia Capital Fund and Fidelity Management and Research Company. Learn more about your ad choices. Visit megaphone.fm/adchoices

According to the crypto strategist, the lack of bullish momentum is setting up Bitcoin (BTC) for one final push above $100,000. “I’m expecting $100,000 for the fifth wave, and when it does complete, wherever that may be above $100,00… I think we’ll probably fall somewhere between $100,000 and $200,000 realistically… But the point being is that these lows that are built up, we don’t need to take them now. We could very well continue up for the fifth wave.” Learn more about your ad choices. Visit megaphone.fm/adchoices

In a video using Elliott Waves, Credible Crypto thus mapped out a move to a new macro top of between $100,000 and $200,000 for Bitcoin before a drawdown which could take liquidity at $30,000 or under. “These lows that have built up — we don’t have to take them now; we could very well continue up for the fifth wave,” he explained. He added that there was “nothing wrong” with expecting a sweep of the lows after November 2021’s all-time highs. “But again, based on market context and everything else that I’ve seen, I think that’s a little bit more unlikely; I think it’s a lot more likely that we leave these lows untapped and simply continue up.” Learn more about your ad choices. Visit megaphone.fm/adchoices

Seasoned market analyst Peter Brandt is warning Bitcoin traders and investors alike, saying that the king crypto is poised for a sharp corrective move. Brandt tells his 636,800 Twitter followers that the largest cryptocurrency by market cap has broken down from crucial diagonal support that has kept BTC afloat for the first few months of 2022. “The completion of a bear channel typically results in a decline equal to the width of the channel, or in this case a hard test of $32,000 or so – my guess is $28,000. This does NOT make me a hater BTC.” Learn more about your ad choices. Visit megaphone.fm/adchoices

Financial advisory firm deVere Group CEO Nigel Green expects that at least two more nations will adopt Bitcoin (BTC) as legal tender before the end of the year. “In January, I predicted that at least another three nations… would declare the world’s largest cryptocurrency legal tender in 2022. One now already has done so. I expect Bitcoin will be adopted as legal tender in at least one more African and one Central or Latin American country before the end of the year.” Learn more about your ad choices. Visit megaphone.fm/adchoices

The king crypto (Bitcoin) will cost $1 million by 2030, one of the industry’s best-known pundits insists, as countries worldwide shun the euro and United States dollar. In his latest blog post published o April 27, Arthur Hayes, former CEO of cryptocurrency derivatives giant BitMEX, doubled down on his sky-high price prediction for BTC and gold. “As the union disintegrates, money shall be printed in glorious quantities in a pantheon of different local currencies. Hyperinflation is not off the table. And again, as European savers smell what the rock is cookin’, they will flee into hard assets like gold and Bitcoin. The breakup of the EU = $1 million Bitcoin.” Learn more about your ad choices. Visit megaphone.fm/adchoices

The cryptocurrency analyst who predicted the May 2021 market collapse is warning that Bitcoin could be due for a notable dip even while he remains long-term bullish on BTC. As the recent rally that began early this month fizzles out, the pseudonymous analyst eyes $25,000 as a potential bottom for Bitcoin. “IF we get a Bitcoin move down comparable to the previous two, looking at the 25K region.” Learn more about your ad choices. Visit megaphone.fm/adchoices

A popular crypto strategist says he still expects Bitcoin to ignite a strong cryptocurrency rally by the end of the year, noting that the current bearish price action is designed to shake traders out of the market. Pseudonymous analyst Credible tells his 328,200 Twitter followers that the king crypto is going through its last corrective phase before it skyrockets above $100,000 by 2023. “Mid-cycle corrections are designed to shake you out, and they’re quite effective. Just ask the guys who sold BTC under $10k during the March capitulation event before BTC ran 1,500%. Patience. [High timeframe] structure remains intact. It’s really quite simple.” Learn more about your ad choices. Visit megaphone.fm/adchoices