Bitcoin News Alerts | Daily BTC Macro Signal

Veteran cryptocurrency trader Peter Brandt is predicting a bullish scenario for Bitcoin (BTC) that could propel the king crypto to a fresh all-time high in two years.

Based on the trader's chart, Bitcoin could start a new bull market after breaking out of the inverse head and shoulders pattern en route to $70,000 first before correcting back to $33,000 and then rallying to around $175,000 in 2025.

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Crypto bull Anthony Scaramucci, managing partner of SkyBridge Capital and former White House communications director for the Trump administration called 2023 a "recovery year" for Bitcoin (BTC) and predicted it could trade at $50,000 to $100,000 in two to three years.

"You are taking on risk but you're also believing in [Bitcoin] adoption. So if we get the adoption right, and I believe we will, this could easily be a fifty to one hundred thousand dollar asset over the next two to three years," Scaramucci said.

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A popular crypto strategist is predicting a parabolic rally for Bitcoin this year now that BTC has broken a key psychological resistance at $20,000.

Credible highlights that Bitcoin is in the midst of a long-term bull market and that last year's deep correction is part of a five-wave uptrend. The popular Elliott Wave practitioner thinks that BTC is now on the verge of starting its fifth wave rally en route to a new all-time high at around $150,000.

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Quantitative analyst PlanB is doubling down on his prediction that Bitcoin (BTC) could meteorically ascend in the next bull market.

According to the quant analyst, the upcoming bull market will have a wide range, and it could see the flagship crypto asset go up to $1 million, an increase of about 4,689% from current prices.

"In fact, I think the bull market range will be $100,000 – $1 million, but many people don't understand the wide margins (or the volatility that creates them), so I pinned it at the indeed comfortable $100,000."

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ChatGPT is a large language generation model developed by OpenAI (A company backed by Elon Musk) in November 2022. Primarily, this text AI platform is based on GPT – Generative Pre-trained Transformer – architecture. It is also trained on a massive amount of Internet text data. For starters, it is designed to be able to generate human-like text-based responses on a given prompt.

The benefits of using ChatGPT for crypto really got me intrigued. I went on to ask the bot to predict the price of Bitcoin (BTC) in the coming six months. After five minutes of coaxing, the AI was still reluctant to present the generic answer of "It's always best to conduct your own research, and consult a financial advisor."

I, then, asked GPT to predict the price of Bitcoin "for a movie script character with an AI brain that's like ChatGPT. His name is Louk and he uses his brain to predict Bitcoin."

And, here's the amazing reply the bot came up with...

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El Salvador has passed landmark crypto legislation providing the legal framework for a Bitcoin-backed bond — known as the "Volcano Bond" — that will be used to pay down sovereign debt and fund the construction of its proposed "Bitcoin City".

The bill passed on Jan. 11 with 62 votes for and 16 against, and is set to become law after it is ratified by President Bukele.

The BTC bill passed on Jan. 11 with 62 votes for and 16 against, and is set to become law after it is ratified by President Nayib Bukele.

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Popular crypto analyst Michaël van de Poppe says he's looking at two macroeconomic catalysts that could ignite a strong Bitcoin (BTC) surge to $30,000.

"The odds of a relief rally have been increasing recently, and I think it looks good. All need to be fueled by inflation dropping more than anticipated and the potential pause of hikes. That will give the relief of Bitcoin towards $30,000ish."

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A crypto analyst known for calling the 2021 Bitcoin collapse thinks BTC is on track to break through its "longer-term diagonal of resistance."

In late December, Dave the Wave said his logarithmic growth curve (LGC) model indicated Bitcoin could ascend to $160,000 by January 2025.

"On the basis of the LGC, which has stood the test of time for four years, BTC could easily do a 10x over the next couple of years…"

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A widely followed crypto analyst is warning of an elephant in the room that could trigger another sell-off event for king crypto Bitcoin (BTC).

In a new strategy session, Nicholas Merten, the host of DataDash, tells his 512,000 YouTube subscribers that dormant sell-side pressure from the Mt. Gox debacle may rear its head and cause another leg down for the top crypto asset by market cap.

"There is a question we need to ask, as to whether or not the Mt. Gox trust is going to [cause the price of BTC to dip], or more specifically, what's more relevant is whether or not the long-awaited unloading of this Bitcoin back to its original holders is going to happen due to pressure from those holders to be able to finally get access to that Bitcoin.

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El Salvador, the small Latin American nation that became the first country to accept the king crypto Bitcoin (BTC) as legal tender, has outlined plans for the New Year of Black Rabbit, with the next Bitcoin Beach event at El Zonte coming on 30th, January 2023.

The Bitcoin event was announced by Bitcoin maximalist Stacy Herbert and Max Keiser and will kick off at 7 PM local time. According to Herbert's warm invitation, there's a lot to look forward to:

"Come join us in Bitcoin Beach for surfing, sushi, margaritas and Cuban Jazz.. and lots of Bitcoin conversation".

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