Bitcoin News Alerts | Daily BTC Macro Signal

Crypto analyst TATrader_Alan shares a stochastic Bitcoin chart which shows BTC hitting a new all-time high of $200,000 along with the next bottom being at $70,000.

"Bitcoin well-formed structure with stochastic behavior indicates that the next ATH will be at $200K and next floor will be at $70K."

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A widely followed crypto strategist is optimistic that Bitcoin (BTC) could surge by double-digit percentage points from the current price.

From the analyst's projected trajectory of Bitcoin on the four-hour chart, it seems that he's suggesting that the flagship digital asset could soar above the $30,000 resistance level sometime in February.

"I once again am here to remind you that Bitcoin heads straight to $30,000 from here."

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Bitcoin bull Nayib Bukele – the President of El Salvador – revealed that the government repaid its $800 million bond plus interest the same day it was set to mature.

Settling the bond comes despite the pessimistic views that the nation will experience financial challenges due to its forays with the king crypto (BTC).

"In the past year, almost every legacy international news outlet said that because of our "Bitcoin bet", El Salvador was going to default on its debt by January 2023 (since we had an 800 million dollar bond maturing today). Literally, hundreds of articles."

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A widely followed crypto analyst says that Bitcoin (BTC) could be brewing a repeat of its 2019 breakout after forming a similar pattern over the last few weeks.

"The BTC monthly candle is up around +38% right now. In the short term, people are FOMOing into BTC.

But in the grander scheme of the new cycle, this is hardly FOMO Macro .

FOMO will begin from $69,000 on the way to new all-time highs."

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Bitcoin evangelist Max Keiser says that the world's largest crypto has bottomed out in this cycle and is well on its way to crossing the $220,000 BTC price point.

Speaking with journalist Daniela Cambone, he noted that billionaire venture capitalist Tim Draper has already set a target of $250,000 for Bitcoin this year, and Keiser agreed with the prediction.

"Investments in the Bitcoin network have never been higher, that means the security has never been higher & the price will take care of itself. Tim Draper reiterated his $250k call for BTC in 2023 & I concur with that entirely. The price will take care of itself. What we want to make sure is the network is stable."

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A closely followed crypto strategist says a major shift in trend could be underway for Bitcoin (BTC).

"We are now breaking the largest falling wedge in Bitcoin's history. It stems back from 2021 to 2022 to 2023… We are starting to break out. We've got to, of course, get some daily and weekly closes above this trendline, but this could be a major paradigm shift for the price of Bitcoin. And really, the most interesting part about this is if you take the falling wedge measurement for the target and you bring it over to the breakout zone, it exceeds $50,000.

That's just what the textbook says… The largest falling wedge in BTC history has a target of $50,000."

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A widely followed crypto analyst believes that Bitcoin is setting the stage for a major move to the upside.

Pseudonymous cryptocurrency strategist Kaleo tells his 555,100 Twitter followers BTC is likely gearing up for a massive breakout that could send Bitcoin to a level not seen since June 2022.

"The Bitcoin move from $22K to $30K will be so violent, that everyone who is currently rejecting any chance of seeing BTC above $40K this year will be forced into quickly changing their narrative."

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Bitcoin will be just one of the risk assets that "crater" as the Federal Reserve is forced to abandon quantitative tightening in future, the ex-BitMEX CEO Arthur Hayes warns. If that means a retest of the 2022 lows, the area between $15,000 and $16,000 will be a key zone of interest going forward.

Meanwhile in other breaking crypto news today: Crypto lender Genesis Global has become the latest firm to throw in the towel following the collapse of FTX, filing for Chapter 11 bankruptcy protection in New York.

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In a new crypto price prediction, the next target for Bitcoin might also reach a level that very few at this point would consider or expect. However, ages-old mathematics and Elliott Wave Theory could suggest the next BTC cycle may possibly peak much sooner than many would believe - and at price of $161,800 per Bitcoin.

Bitcoin price could reach the 1.618 Fibonacci extension, which is roughly $161,800 per BTC. Interestingly, if you multiply $100K by the golden ratio, you'll get $161,800. The top cryptocurrency touched the golden ratio target at the 2021 peak when Fibonacci extensions are drawn from the very open of the BTC CME chart to the 2018 bear market bottom.

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Popular quant analyst PlanB says the recent Bitcoin rally isn't the bull trap many investors are weary of and is in fact the start of a new BTC bull cycle.

Tehran and Moscow are discussing the possible launch of a stablecoin for international settlements, the Russian press revealed. In order to mint the gold-backed currency, however, authorities would need to first regulate crypto assets, a lawmaker noted.

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