Bitcoin News Alerts | Daily BTC News

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

Microstrategy CEO and Bitcoin bull Michael Saylor expects the Bitcoin price to hit $600,000 per coin before eventually reaching $6,000,000 per BTC, noting that the king crypto is "unstoppable" and will replace gold to, “emerge as a $100 trillion asset class.” “Once upon a time, gold was the most desirable store of value. Now bitcoin is taking its place.” Microstrategy described itself as “the largest publicly traded corporate holder of bitcoin in the world and the first public company to adopt bitcoin as primary treasury reserve asset.” Its corporate strategy is to “Acquire and hold bitcoin long-term” and “purchase bitcoin through use of excess cash flows, and debt and equity transactions.” Learn more about your ad choices. Visit megaphone.fm/adchoices

On March 25, Bitcoin climbed another 2.5% to over $45,000, its highest levels in over three weeks. Alexander Mamasidikov, a co-founder of crypto wallet service MinePlex, noted that the BTC price could jump to $50,000 next. "These positive price trend activities have impacted BTC thus far and a sustained accumulation or investment from both retail and institutional investors is poised to push the coin to form strong support above $50,000 towards mid-April." In other rending Crypto News today: Max Keiser and Mexican Billionaire Ricardo Salinas visit El Salvador Bitcoin Mine with helicopter. A new delegation of influential bitcoin maximalists has just arrived in El Salvador to dine with president and visit the volcano Bitcoin mine. Learn more about your ad choices. Visit megaphone.fm/adchoices

Senior Bloomberg strategist Mike McGlone believes that Bitcoin (BTC) could crash before hitting a six-figure price in the coming months. In a new video interview, McGlone says that the flagship crypto is likely to fall to a key support level of $30,000 before it rallies to a price of $100,000 per coin, a gain of 230%. “If you buy it [Bitcoin] at around $41,000, I think, maybe in less than a year, you should expect to go around $100,000. But at these levels right now, we might easily see $30,000 first. And I fully expect that’s kind of the risk-reward because $30,000 has been the key support.” Learn more about your ad choices. Visit megaphone.fm/adchoices

Bitcoin is still in what some refer to as the ‘early innings’ meaning that the value of the king cryptocurrency is far from where they believe it will be in the future. This has birthed some rather optimistic predictions for the digital asset. The latest of these predictions has come from BitMex co-founder Arthur Hayes who sees the pioneer crypto (BTC) reaching as high as $1 million per coin. He explains that the growth in gold would also see Bitcoin grow rapidly, saying; “As gold marches its way above $10,000, bitcoin will march its way to $1,000,000. The bear market in fiat currencies will trigger the largest wealth transfer the world has ever seen.” Learn more about your ad choices. Visit megaphone.fm/adchoices

Data Dash host Nicholas Merten says Bitcoin and the crypto markets are setting up for a big parabolic comeback over the coming months as he’s becoming more and more convinced that a spring cryptocurrency rally is imminent. Merten makes the case that BTC will soon be back to $60,000, a price range not seen since November 2021. Merten also says the altcoin market, already gaining momentum, will rally in turn. “I want to make the case that, really, as soon as later in April, if this trend plays out here, we could be back up towards that $60,000 range for Bitcoin. We could be in for a spring rally… But it’s not just Bitcoin. I want to emphasize this big time – because I understand all the while Bitcoin is obviously the most recognized currency, it is the largest crypto in the crypto space – this is unlikely to be just a Bitcoin rally." Learn more about your ad choices. Visit megaphone.fm/adchoices

As the Bitcoin game theory across the world continues in full effect, Malaysia is the latest major country discussing legalizing Bitcoin and cryptocurrency as well as making it legal tender. The Ministry of Communications and Multimedia of Malaysia calls on the federal parliament to legalize transfer of BTC and other cryptocurrencies. “We are trying to see how we can legalize this so that we can develop youth participation in crypto and assist them,” its deputy minister said. Learn more about your ad choices. Visit megaphone.fm/adchoices

Billionaire venture capitalist Chamath Palihapitiya predicts is a $200,000 Bitcoin price for the king cryptocurrency and is detailing his outlook for global stock and crypto markets in the near term. “I think that we’re in the midst of what I would call a melt-up. So probably in the next month, month and a half, there really isn’t much ‘bad news’ that hasn’t been priced in. The thing I’ve learned over the past few years is that markets don’t actually care what the news is. They can process good news and bad news equally well. What they despise is the uncertainty of what the news could be." Learn more about your ad choices. Visit megaphone.fm/adchoices

The chief executive of a crypto focused hedge fund thinks mass adoption could drive the price of Bitcoin (BTC) up to $400,000 per coin in as little as three years. “Every two years, 10 times more people use cryptocurrency than they did in the past, and that’s been going on for a decade. Every two years, it’s 10 times more. And every two years, the price of crypto’s gone up 10x. And to my mind, it’s that simple that within the next 5-10 years, almost everyone with a smartphone will use cryptocurrencies, and if that’s true, they’re going to be at a much higher price.” Morehead also unveils the catalysts that he thinks will drive Bitcoin’s price to $400,000 by 2025. “I think it will actually be some number like that. All the use cases that are really rolling out and people are using it. Now institutional investors are really investing in the space, from taking it 10 or 20 basis points to maybe in 10 years, 8% of their portfolio.” Learn more about your ad choices. Visit megaphone.fm/adchoices