Bitcoin News Alerts | Daily BTC Macro Signal

Leading on-chain analyst Willy Woo weighs in on some of the more bullish Bitcoin predictions that put BTC at $1 million per coin, including that of Cathie Wood from ARK Invest. Woo says if the king crypto (BTC) reaches $1 million in value as Wood has predicted, it could crash the fiat currency system.

Woo says Bitcoin's price rally toward $1 million will lead to a battle of governments attempting to push BTC down to protect the dominance of fiat currencies.

"Thus the forces pushing BTC pricing becomes binary, like breaking the sound barrier. There's increasing bearish pressure on BTC as it approaches fiat market caps, while governments suppress it. If the barrier is broken, BTC gets bullish pressure and escapes towards infinity."

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Billionaire venture capitalist Tim Draper has extended his $250,000 Bitcoin prediction by six months due to the FTX collapse and unfavorable crypto and macroeconomic factors.

Draper, a founding partner of venture capital firm Draper Fisher Jurvetson, is known for successfully timing Bitcoin's $10,000 milestone in late 2017. In 2018, he predicted BTC would reach $250,000 before the end of 2022, based on the assumption that bitcoin will replace 6 percent of all the government-backed currencies in circulation in 2018.

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Prominent Bitcoin bull Max Keiser again attacks crypto altcoins, praising El Salvador's president for adopting BTC as legal tender.

"I've been saying this since 2011. If it's not Bitcoin, it's a security. El Salvador's new digital asset law makes this law. Nayib Bukele understood this when he made Bitcoin legal tender. Now the rest of the world is catching up. El Salvador is leading the world."

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Mark Cuban, the billionaire owner of the Dallas Mavericks and crypto bull, defended Bitcoin this week while casting doubt on investing in gold.

In a Club Random podcast episode to be released Monday, host Bill Maher said he's "very anti-Bitcoin" and believed in the value of gold.

Cuban replied, "I want Bitcoin to go down a lot further so I can buy some more." He added, "If you have gold, you're dumb as f***."

The king cryptocurrency (BTC) has plunged more than 60% in value this year.

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Crypto analyst and trader Michaël van de Poppe is expressing bullish sentiment on Bitcoin as 2022 comes to a close.

According to the cryptocurrency analyst, BTC could surge by about 108% from current levels should it take out the diagonal resistance of the falling wedge pattern.

"We are looking at a falling wedge structure for Bitcoin that you clearly want to see breaking out in 2023. And once we do break out of that, we're going to have to have a rally towards $35,000."

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A widely followed crypto strategist is predicting the upcoming Christmas holiday will bring a Bitcoin rally.

The pseudonymous analyst Kaleo tells his 552,400 Twitter followers that a festive rally is in store for the king crypto (BTC) because no one is expecting it as the hash rate remains strong.

"Santa rally [season] begins soon."

He says since the majority of sentiment is predicting a collapse, the odds are the opposite will take place.

"My entire timeline is ready for a complete collapse to a lower range. When the majority of the timeline agrees on something, they're usually wrong."

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A widely followed crypto strategist is expressing long-term bullish sentiment for Bitcoin as the next BTC halving approaches.

The host of cryptocurrency YouTube channel InvestAnswers tells his 444,000 YouTube subscribers that Bitcoin could rally by nearly 380% from current levels en route to printing a new all-time high at the top of the next bull market.

"I'm sticking with a much more conservative price of $80,000 for the next cycle. That would be sometime in the year 2024.

I do believe we could hit about $61,000, $62,000 by April 2024 – and that is right at the halving of April/May 2024."

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A popular crypto strategist believes that Bitcoin (BTC) is gearing up for a massive rally in 2023.

The pseudonymous analyst known in the industry as Inmortal tells his 189,800 Twitter followers that Bitcoin is flashing a trend reversal signal on the three-day chart.

"Monster divergence on Bitcoin.

It's positive, but it isn't a bottom signal. Price may continue to go down as the RSI [relative strength index] makes higher lows."

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Real Vision CEO Raoul Pal says he's expecting 2023 to be a decently good year and 2024 to be an extremely good year for Bitcoin (BTC) and Ethereum (ETH), the top two crypto assets by market cap.

"So here we are on the long-term adoption cycle where Metcalfe's Law kicks in, and this is the thing that drives the exponential gains. Every time we get to this situation, we get new highs within about 18 months, maximum two years… So I'm expecting 2023 to be a decently good year and 2024 to be an extremely good year."

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A panel of crypto experts has predicted that the Bitcoin price will rise to $318,417 by December 2025. The most bullish expert believes that the price of the king cryptocurrency (BTC) will reach $160,000 by the end of the year. Meanwhile, 54% of them think that hyperbitcoinization will happen by 2050.

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