Bitcoin News Alerts | Daily BTC News

Mike Novogratz has once again reiterated his support for the $500,000 future prediction for the king cryptocurrency. The Galaxy Digital CEO who was recently at the BTC 2022 conference held in Miami had spoken in favor of the cryptocurrency once more, highlighting the future potential of the digital asset. Novogratz did not stop at $500,000 though. The Bitcoin proponent and maximalist also explained that he expects the digital asset to eventually reach as high as $1 million apiece. Learn more about your ad choices. Visit megaphone.fm/adchoices

The next projected Bitcoin bull market cycle peak target for the king crypto (BTC) is between $250K - $770K with a median average of $440K on October 24th, 2025. "Bitcoin DPC price model - Weekly update (Apr 2, 2022) - Current projection: $47K ($27-83K) - Projected cycle trough (Dec 21, 2022): $21K ($12-36K) - Projected cycle finish (Apr 24, 2024): $59K ($34-104K) - Next projected cycle peak (Oct 24, 2025): $440K ($250-770K)" Learn more about your ad choices. Visit megaphone.fm/adchoices

ARK Invest founder Cathie Wood says she views Bitcoin as a “disruptive innovation” in line with corporate giants like Amazon, Apple and Tesla and explains how she gets a BTC price prediction of $700,000 per coin. "We think emerging markets are a huge use case here," Wood said. "That use case alone will account for $100,000 to $200,000" of an increase in the price of Bitcoin. Now let's do the math. The current Bitcoin price of about $60,000 is the base. Wood sees institutional investors adding $500,000 to that and emerging market adoption adding $100,000 to $200,000 more. So Wood's five-year Bitcoin price target is actually a range between $660,000 and $760,000, with $700,000 falling just below the middle of the range. Learn more about your ad choices. Visit megaphone.fm/adchoices

Crypto analyst and DataDash host Nicholas Merten says the king crypto (Bitcoin) will hit new all-time highs sooner than most traders think and end the year between the $150,000 - $200,000 range. “What we generally see here, as we’ve had drawn on the chart for some time, is that after we go through this May rally, even if we get a slight pullback here in the middle of the month, we would still continue higher here, get well up here towards around $75-90k for Bitcoin’s price, come down and make that support, and going from August or Septemeber, really starting to charter into November and December, up towards around $150-$200k.” Learn more about your ad choices. Visit megaphone.fm/adchoices

A closely followed cryptocurrency analyst and trader is unveiling what he believes will propel Bitcoin to his target of $58,000 per BTC. Also global investment giant VanEck is predicting Bitcoin could surge by over 100X as hard currencies become less attractive reserve assets. “The implied price of Bitcoin using the same aggregate M0 that we used for gold is around $1,300,000 per coin. The implied price of Bitcoin using global M2 is $4,800,000 per coin.” Learn more about your ad choices. Visit megaphone.fm/adchoices

The long-term outlook remains incredibly bullish for Bitcoin enthusiasts, including VanEck. The ETF and Mutual Fund Manager predicts the king cryptocurrency (BTC) reaching between $1.3 million - $4.8 million if it becomes the global reserve asset. "Asset manager Van Eck says the Bitcoin price implied by global M0 and M2 is between $1,300,000 and $4,800,000 if it replaces fiat currency reserves as the next global reserve asset." - Mike Alfred Learn more about your ad choices. Visit megaphone.fm/adchoices

American investment firm VanEck believes that Bitcoin (BTC) has double the upside of gold and could be worth as much as $4.8 million per coin if it becomes the global reserve asset. VanEck’s analysis found that the implied price for the king cryptocurrency ranged from $1.3 million to $4.8 million. The lower prediction was based on BTC as a monetary base (M0), which investment database Investopedia says includes all circulating supply of a currency and bank deposits but is not a common marker for economists to look at. Learn more about your ad choices. Visit megaphone.fm/adchoices

Popular crypto analyst Nicholas Merten says the king cryptocurrency Bitcoin is in the middle of a push to $70,000, with one critical resistance level left in play. Another popular analyst Plan C shares, "I do believe in diminishing returns as well as diminishing losses. My cycle peak target is 120-180k" This was in response to Crypto Rovers tweet, "If we believe in the diminishing return structure, we should look at a Bitcoin market cycle peak somewhere around $170,000!" Learn more about your ad choices. Visit megaphone.fm/adchoices

For the first time this year, $48,000 Bitcoin price is hit, with previously cautious commentators increasingly flipping bullish on the king crypto. Now, while acknowledging the need for a further pullback in an ideal scenario, popular trader Crypto Ed said that the time was right to be "very bullish" on BTC going forward. "Hope for a little bit more down today, but often in these kind of bull markets, it's too much asking for," he said in his latest YouTube update. Zooming out, Ed eyed an ongoing construction in place since the lows of summer last year. While these could technically still reappear, there were "strong doubts" about such a situation, and should the bullish follow-through occur, the target for completion was beyond current all-time highs. "That gives me a target of around $80,000," he concluded. Learn more about your ad choices. Visit megaphone.fm/adchoices

The last time Bitcoin closed above the EMA Ribbon was after a double bottom + Higher High, which sent the king cryptocurrency parabolic from $8,000 to $64,000. "$230,000 is the next touch of the dotted line which is a good indicator for a possible next top of BTC. Bitcoin initiated with the pattern since the beginning of the 2019 flip. The asset rebounded from the lows firmly at $3100 and surged high to hit $64,000 in 2021. Further, the asset plunged and again smashed the current ATH close to $70K. In the due course, it formed a double bottom as it had formed before. Therefore, if the BTC price follows a similar pattern then, no stronger sell area may be encountered before it smashed $200K somewhere close to the end of 2023 as predicted by the analyst. Learn more about your ad choices. Visit megaphone.fm/adchoices