Bitcoin News Alerts | Daily BTC News

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

Brazil’s Senate has passed the country’s first Bitcoin bill governing cryptocurrency in a plenary session, which will set the stage for the creation of a regulatory framework for the country’s crypto industry. The bill must be approved by the Chamber of Deputies and then signed off by President Jair Bolsonaro to become law in the country. This is expected to occur by the end of 2022, according to experts who spoke with Cointelegraph Brasil. The session that approved the project was chaired by Senate President Rodrigo Pacheco, who said: “I want to congratulate the rapporteur of the project, Senator Irajá, for the approval, here in the Plenary of the Senate, for this important bill.” Learn more about your ad choices. Visit megaphone.fm/adchoices

Twitter announced on Monday that it will become a privately held company following its board of directors accepting a bid from Bitcoin billionaire Elon Musk to purchase the firm’s stock for $54.20 per share in cash — roughly $44 billion. Though the transaction is expected to close in 2022, it is still subject to the approval of Twitter stockholders as well as certain regulators. Elon Musk, with more than 83 million followers — far more than former Twitter CEO Jack Dorsey at 6.3 million — may influence behavior on the platform and social media as a whole as a result of the purchase. The Tesla CEO said on April 14 that one of his top priorities for Twitter would be to eliminate “spam and scam bots and the bot armies,” including those connected to crypto scams. Learn more about your ad choices. Visit megaphone.fm/adchoices

The Central African Republic (CAR) has become the center of a hot buzz in the cryptocurrency world amid various reports of it adopting Bitcoin (BTC) quite similar to El Salvador. However, contrary to popular headlines, the African nation has not adopted BTC as a legal tender, instead, it has reportedly legalized the use of cryptocurrencies in the financial markets. The new cryptocurrency law would reportedly allow citizens to pay their taxes in Bitcoin or crypto and allow the use of crypto as a form of payment for businesses. Learn more about your ad choices. Visit megaphone.fm/adchoices

A closely tracked crypto strategist and trader is unveiling one altcoin he believes could record a 900% rally while updating his outlook on Bitcoin (BTC) and Ethereum (ETH). Pseudonymous cryptocurrency analyst Credible tells his 327,800 Twitter followers that he expects Bitcoin to correct to as low as $38,000 before it kicks off another rally. “Up against our resistance region now. [I] would expect a pullback to at least $39k from here soon. Again, this is just a base-forming here before a full-on reversal, in my opinion. BTC.” Learn more about your ad choices. Visit megaphone.fm/adchoices

Veteran trader Peter Brandt thinks Bitcoin could be headed for a serious price dip. Brandt, who gained notoriety in cryptocurrency circles for correctly calling Bitcoin’s 2018 collapse, tells his 633,200 Twitter followers that BTC could drop to $27,000. Brandt also speculates that the Nasdaq-100 index could be mirroring the dot-com crash of the early 2000s, saying on Twitter that the chart is giving him déjà vu. “‘It’s Deja Vu all over again. – Yogi Berra, late 20th Century American philosopher.” Learn more about your ad choices. Visit megaphone.fm/adchoices

Crypto analyst and trader Jason Pizzino is optimistic that Bitcoin will hit a seven-figure price over time. In a new video update, Pizzino tells his 263,000 YouTube subscribers that it’s “not too far out of the question” for the king cryptocurrency to rally by around 25 times and reach a price of $1,000,000 per BTC. “A 25x might seem like it’s a little far-fetched. But as we can see from December 2018 to the current top in 2021 in November, it’s basically been a 22x return. So 2,100% here. So it’s not too far out of the question. But I just think it’s going to take a lot more time than people are expecting.” Learn more about your ad choices. Visit megaphone.fm/adchoices

According to Finder's panel of 35 cryptocurrency experts, they believe that Bitcoin will peak at $81,680 this year, setting a new all-time high. As far as long term BTC price predictions, the panel now predicts that Bitcoin will be worth $420,240 in December 2030. This is roughly 25% lower than their forecast of $567,472 in October. Learn more about your ad choices. Visit megaphone.fm/adchoices

The pseudonymous crypto analyst Plan B says that, barring a black swan event, all the indicators point to a bright future for Bitcoin in the coming months. In a YouTube interview with Blockware Intelligence, the quantitative analyst lays out the case for why he thinks numerous BTC metrics look so positive. “At the risk of being called a moonboy, all the signals, whether you look fundamentally, like stock-to-flow [S2F] for example or on-chain, realized cap or other metrics, or in the news, the macro news, the number of countries that are opening up to Bitcoin. Everything is positive.” Learn more about your ad choices. Visit megaphone.fm/adchoices

Bitcoin dropping to $25,000 or lower is unlikely thanks to hodl'ers hoping for all-time highs, not speculative traders, new research says. Quoting on-chain cryptocurrency analyst Root on Crypto Twitter: "With the HODL Army growing it's allowing us to make new ATH's (69k top) without barely any STH's in the market. Since we didn't reach prices above 100K, which so many expected, many still believe this will eventually happen and might therefore hold on to their coins." Learn more about your ad choices. Visit megaphone.fm/adchoices