Bitcoin News Alerts | Daily BTC Macro Signal

Davinci Jeremie, an early crypto adopter and host of the davincij15 YouTube channel, predicts that the Bitcoin price will grow by ten times in the next bull run but warns BTC could plunge further before then.

"I think we will finally see $100,000…I think we'll do at least 10x from the bottom," said Davinci at a November 25 interview with Kitco news. Asked by Kitco's David Lin if his forecasts then meant that Bitcoin would have to drop to $10,000, he replied that "we will probably see $12,000."

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The king crypto Bitcoin still risks a drop to below $7,000 in this bear market, the latest worst-case scenario prediction warns.

The most recent in a series of BTC / USD forecasts, Decentrader co-founder Filbfilb mapped out a potential sub-$10,000 dip on the cards for the pair.

"In my worst case scenario, I think that would be probably where we end up, like oldschool, rock-hard support," he said about a bidding zone around $6,500.

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With the FTX scandal weakening the correlation between Bitcoin and stocks, there is nonetheless no reason to abandon the idea that it will return.

For crypto analyst Zeberg, a rising tide lifts all boats, and a final rally throughout the risk asset field could take BTC / USD over $100,000.

"Bitcoin moves as a Risk Asset (not like Gold!). When SPX explodes higher in Blow-Off Top towards 5700 - 6000 target area - Bitcoin should reach 90k - 110k. Final rally before Deflationary Bust!"

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Quant crypto analyst PlanB says that while the current sentiment towards cryptocurrency is bearish due to the disintegration of digital assets exchange FTX, it wouldn't shock him if Bitcoin hit $100,000 after the next BTC halving.

According to PlanB, some of the catalysts that could trigger a massive rally for Bitcoin include the end of the Russia-Ukraine war or the loosening of monetary policies.

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Amid the crypto market downturn, El Salvador finally made a decisive step to the realization of its ambitious "Bitcoin bonds" project. The Minister of the Economy, Maria Luisa Hayem Brevé, introduced a bill confirming the government's plan to raise $1 billion and invest them into the construction of a "BTC city."

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The London Crypto, partner of exchange ByBit, believes that the ultimate bear market low lies between $10,000 - $12,000 for Bitcoin, followed by a cycle high of $175,000 in 2024 - 2025.

"Bitcoin Macro Analysis. BTC has made a 77% correction in this bear market, compared to 84% in 2013 and 83% in 2017. Studying our previous cycles high vs lows, we can estimate the low for this bear to be the $10k-$12k range, followed by a high of $175k in 2024-2025."

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Can Bitcoin still hit a new ATH before 2022 ends? Despite the prolonged crypto winter, billionaire venture capitalist Tim Draper is certain that BTC will able to brush off these negative vibes and make a strong rebound: Bitcoin is expected to reach $250,000 in the first half of 2023.

Last week, Draper predicted that the leading cryptocurrency would reach that milestone despite the ongoing FTX collapse.

Tim Draper stated that the failure of the FTX crypto exchange has no direct impact on the success of Bitcoin because BTC is decentralized and FTX was not.

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Quoting Bitcoin Maximalist Max Keiser in a recent Crypto Twitter post:

"The Kabuki theatre of Fed "tightening" coming to a close. You can't taper a Ponzi. Inflation about to pump MUCH HIGHER. $220,000 Bitcoin still in play."

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Right now, most crypto investors would be grateful for the Bitcoin price to reach $20,000. The spectacular collapse of cryptocurrency exchange FTX has pushed down the price of BTC to the $16,000 level. And some traders are now suggesting that Bitcoin could touch $15,000 or lower before it ever sees $20,000 again.

So it's interesting to see that California-based crypto hedge fund Pantera Capital is putting out what seems to be -- at first glance -- a ridiculously high price target of $149,000 for Bitcoin. According to Pantera Capital, the one catalyst that has the potential to drive Bitcoin significantly higher in the near-term future is the next Bitcoin halving, scheduled to take place in March 2024. But just how realistic is this price target?

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El Salvador President Nayib Bukele yesterday announced the country would begin purchasing one Bitcoin every day, starting today.

The move to dollar-cost-average (DCA) into bitcoin (BTC) is common in the community, however novel for a nation state.

Currently, the country holds a Bitcoin treasury of 2,381 BTC, valued at over $39 million. Bukele has made a habit in the past of making large purchases of the king crypto (BTC) during times of market volatility and buying the dip (BTFD).

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